PDEV Fees and Costs — Principal International Multi-Factor ETF
Data updated: 2021-11-22
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $30K in broker commissions, 0.0560% of average net assets, and portfolio turnover was 69%.
PDEV Fees and Expenses
Annual operating expenses and sales charges of PDEV. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PDEV Costs Over Time
On $10,000 invested in PDEV, assuming 5% a year before costs, total costs come to $194 over 5 years, cutting the return by 0.32% 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 0.25%) | $26 | $82 | $144 |
| Trading costs (broker commissions) | $6 | $18 | $32 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $106 | $194 |
| Value after costs | $10,468 | $11,470 | $12,569 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
PDEV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0560%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $136.6M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $447K
- Net income from securities lending: $6K (0.011% of average net assets)
PDEV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $18K | 61.06% |
| UBS Securities LLC | $6K | 19.66% |
| CLSA Americas, LLC | $3K | 8.44% |
| Macquarie Capital (USA) Inc. | $2K | 5.62% |
| Telsey Advisory Group LLC | $496 | 1.66% |
| Credit Suisse Securities (USA) LLC | $270 | 0.90% |
| Jefferies LLC | $230 | 0.77% |
| Morgan Stanley & Co. LLC | $204 | 0.68% |
| Citigroup Global Markets Inc. | $197 | 0.66% |
| Sanford C. Bernstein & Co., LLC | $160 | 0.54% |
PDEV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $57.9M | 42.40% |
| BofA Securities, Inc. | $31.1M | 22.78% |
| UBS Securities LLC | $21.0M | 15.36% |
| Virtu Americas LLC | $14.5M | 10.59% |
| State Street Bank and Trust Company | $12.1M | 8.87% |
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.