PBSRX Fees and Costs — Polen 5Perspectives Small Growth Fund, Investor Class
Data updated: 2026-09-22
The net expense ratio is 1.35% (2.55% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $92K in broker commissions, 0.2352% of average net assets, and portfolio turnover was 232%.
PBSRX Fees and Expenses
Annual operating expenses and sales charges of PBSRX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 1.30% |
| Gross expense ratio | 2.55% |
| Fee waiver | −1.20% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PBSRX Costs Over Time
On $10,000 invested in PBSRX, assuming 5% a year before costs, total costs come to $980 over 5 years, cutting the return by 1.66% 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 |
| Fund expenses (net expense ratio 1.35%) | $142 | $440 | $758 |
| Trading costs (broker commissions) | $25 | $77 | $132 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $542 | $980 |
| Value after costs | $10,334 | $11,034 | $11,783 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
PBSRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2352%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 232%
- Securities lending: none during the year
PBSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $38K | 44.83% |
| SANFORD C. BERNSTEIN & CO., LLC | $8K | 9.95% |
| JEFFERIES LLC | $8K | 9.07% |
| PIPER SANDLER & CO. | $7K | 8.49% |
| LIQUIDNET, INC. | $6K | 6.76% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $5K | 6.44% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $5K | 5.46% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $3K | 3.14% |
| BTIG, LLC | $2K | 2.96% |
| VIRTU AMERICAS LLC | $2K | 2.90% |
Polen 5Perspectives Small Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PBSYX | Class Y | 1.00% | — |
| PBSIX | Institutional Class | 1.10% | — |
| PBSRX | Investor Class | 1.35% | — |
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.