PASMX Fees and Costs — Pacific Advisors Small Cap Value Fund, Class A
Data updated: 2020-06-01
The net expense ratio is 4.40%: a 0.75% management fee, a 0.25% 12b-1 fee plus 3.40% other expenses. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 2.00%. In fiscal 2019 the fund paid $18K in broker commissions, 0.1266% of average net assets, and portfolio turnover was 8%.
PASMX Fees and Expenses
Annual operating expenses and sales charges of PASMX. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.40% |
| Gross expense ratio | 4.40% |
| Fee waiver | — |
| Net expense ratio | 4.40% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PASMX Costs Over Time
On $10,000 invested in PASMX, assuming 5% a year before costs, total costs come to $3,221 over 5 years, cutting the return by 5.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 4.40%) | $435 | $1,310 | $2,188 |
| Trading costs (broker commissions) | $13 | $38 | $63 |
| Lost growth on money paid in costs | $29 | $159 | $395 |
| Total costs | $1,052 | $2,081 | $3,221 |
| Value after costs | $9,448 | $9,495 | $9,542 |
| Impact on return, per year | 10.52% | 6.71% | 5.93% |
PASMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.1266%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
PASMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WEDBUSH SECURITIES | $13K | 72.85% |
| JOHNSON RICE & CO | $2K | 11.97% |
| JP MORGAN SECURITIES | $1K | 7.26% |
| GABELLI & COMPANY | $760 | 4.18% |
| STEPHENS INC. | $680 | 3.74% |
PASMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UNITED MISSOURI BANK | $1.5M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.