PDFDX Fees and Costs — Perkins Discovery Fund, Investor Class
Data updated: 2026-06-15
The net expense ratio is 2.50%: a 1.00% management fee, a 0.25% 12b-1 fee plus 3.44% other expenses, less a 2.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.1114% of average net assets, and portfolio turnover was 10%.
PDFDX Fees and Expenses
Annual operating expenses and sales charges of PDFDX. Prospectus, as of July 29, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.44% |
| Gross expense ratio | 4.69% |
| Fee waiver | −2.19% |
| Net expense ratio | 2.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PDFDX Costs Over Time
On $10,000 invested in PDFDX, assuming 5% a year before costs, total costs come to $1,582 over 5 years, cutting the return by 2.74% 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 2.50%) | $262 | $805 | $1,373 |
| Trading costs (broker commissions) | $12 | $36 | $61 |
| Lost growth on money paid in costs | $0 | $42 | $147 |
| Total costs | $274 | $883 | $1,582 |
| Value after costs | $10,226 | $10,693 | $11,181 |
| Impact on return, per year | 2.74% | 2.74% | 2.74% |
PDFDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1114%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
PDFDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $5K | 68.77% |
| RBC Capital Markets, LLC | $2K | 28.27% |
| Lake Street Capital Markets, LLC | $212 | 2.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.