PENAX Fees and Costs — Principal LifeTime 2010 Fund, Class A
Data updated: 2023-06-27
The net expense ratio is 0.89% (0.94% before fee waivers). This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. Portfolio turnover was 27%.
PENAX Fees and Expenses
Annual operating expenses and sales charges of PENAX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
PENAX Costs Over Time
On $10,000 invested in PENAX, assuming 5% a year before costs, total costs come to $1,016 over 5 years, cutting the return by 1.73% 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 | $475 | $375 | $375 |
| Fund expenses (net expense ratio 0.89%) | $90 | $281 | $488 |
| Lost growth on money paid in costs | $19 | $73 | $153 |
| Total costs | $584 | $729 | $1,016 |
| Value after costs | $9,916 | $10,847 | $11,747 |
| Impact on return, per year | 5.84% | 2.25% | 1.73% |
PENAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $388.7M
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.