PFAOX Fees and Costs — RiskPro Alternative 0-15 Fund, Class R
Data updated: 2020-07-14
The net expense ratio is 3.13%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $7K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 28%.
PFAOX Fees and Expenses
Annual operating expenses and sales charges of PFAOX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 3.13% |
| Fee waiver | — |
| Net expense ratio | 3.13% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PFAOX Costs Over Time
On $10,000 invested in PFAOX, assuming 5% a year before costs, total costs come to $1,881 over 5 years, cutting the return by 3.30% 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 3.13%) | $329 | $1,003 | $1,700 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $51 | $176 |
| Total costs | $330 | $1,056 | $1,881 |
| Value after costs | $10,170 | $10,520 | $10,882 |
| Impact on return, per year | 3.30% | 3.30% | 3.30% |
PFAOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $31.5M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
PFAOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros | $7K | 100.00% |
PFAOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ceros | $31.5M | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.