PEAPX Fees and Costs — Global Emerging Markets Fund, Class R-3
Data updated: 2026-09-25
The net expense ratio is 1.56%: a 0.95% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.3M in broker commissions, 0.1380% of average net assets, and portfolio turnover was 32%.
PEAPX Fees and Expenses
Annual operating expenses and sales charges of PEAPX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.56% |
| Fee waiver | — |
| Net expense ratio | 1.56% |
| 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 | No |
PEAPX Costs Over Time
On $10,000 invested in PEAPX, assuming 5% a year before costs, total costs come to $1,047 over 5 years, cutting the return by 1.78% 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 1.56%) | $164 | $507 | $873 |
| Trading costs (broker commissions) | $14 | $45 | $77 |
| Lost growth on money paid in costs | $0 | $27 | $97 |
| Total costs | $178 | $580 | $1,047 |
| Value after costs | $10,322 | $10,997 | $11,715 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
PEAPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1380%
- Total broker commissions: $4.3M
- Bought from dealers (principal trades, not a cost): $19.7M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $5.3M
- Net income from securities lending: $121K (0.004% of average net assets)
PEAPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $629K | 17.86% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $531K | 15.09% |
| CREDIT LYONNAIS | $494K | 14.02% |
| UBS SECURITIES LLC | $405K | 11.50% |
| MORGAN STANLEY & CO. LLC. | $318K | 9.05% |
| GOLDMAN SACHS CO. | $306K | 8.71% |
| CLSA AMERICAS LLC | $264K | 7.51% |
| JEFFERIES & COMPANY | $219K | 6.22% |
| CITIGROUP GLOBAL MARKETS | $214K | 6.09% |
| MACQUARIE GROUP LTD. | $139K | 3.95% |
PEAPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS CO. | $7.7M | 100.00% |
Global Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PIIMX | Class R-6 | 1.00% | none |
| PIEIX | Institutional Class | 1.11% | none |
| PEPSX | Class R-5 | 1.25% | none |
| PIEJX | Class J | 1.31% | none |
| PRIAX | Class A | 1.45% | 5.50% |
| PEAPX | Class R-3 | 1.56% | none |
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.