PEIJX Fees and Costs — Equity Income Fund, Class J
Data updated: 2026-09-25
The net expense ratio is 0.74%: a 0.50% management fee, a 0.15% 12b-1 fee plus 0.09% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.0165% of average net assets, and portfolio turnover was 17%.
PEIJX Fees and Expenses
Annual operating expenses and sales charges of PEIJX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PEIJX Costs Over Time
On $10,000 invested in PEIJX, assuming 5% a year before costs, total costs come to $476 over 5 years, cutting the return by 0.79% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 0.74%) | $78 | $243 | $423 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $184 | $261 | $476 |
| Value after costs | $10,316 | $11,316 | $12,287 |
| Impact on return, per year | 1.84% | 0.79% | 0.79% |
PEIJX 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): 0.0165%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $42.6M
- Net income from securities lending: $224K (0.003% of average net assets)
PEIJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH | $317K | 25.81% |
| STIFEL NICOLAUS & COMPANY | $205K | 16.65% |
| RAYMOND JAMES & ASSOCIATES | $137K | 11.15% |
| J.P. MORGAN SECURITIES LLC | $110K | 8.94% |
| PIPER SANDLER COS | $100K | 8.14% |
| STONEX GROUP | $93K | 7.55% |
| BARCLAYS CAPITAL INC. | $92K | 7.47% |
| INSTINET CLEARING SERVICES INC | $66K | 5.34% |
| LIQUIDNET | $59K | 4.78% |
| VIRTU FINANCIAL LLC | $51K | 4.16% |
Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PEIIX | Institutional Class | 0.52% | none |
| PEIJX | Class J | 0.74% | none |
| PEIQX | Class R-5 | 0.77% | none |
| PQIAX | Class A | 0.85% | 5.50% |
| PEIOX | Class R-3 | 1.08% | none |
| PEUCX | Class C | 1.63% | 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.