PFDAX Fees and Costs — Pacific Funds Small/Mid-Cap, Class A
Data updated: 2023-06-07
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2023 the fund paid $103K in broker commissions, 0.0749% of average net assets, and portfolio turnover was 34%.
PFDAX Fees and Expenses
Annual operating expenses and sales charges of PFDAX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 4.25% |
| 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 |
PFDAX Costs Over Time
On $10,000 invested in PFDAX, assuming 5% a year before costs, total costs come to $1,302 over 5 years, cutting the return by 2.24% 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 | $425 | $425 | $425 |
| Fund expenses (net expense ratio 1.20%) | $121 | $375 | $649 |
| Trading costs (broker commissions) | $8 | $23 | $41 |
| Lost growth on money paid in costs | $21 | $87 | $187 |
| Total costs | $574 | $911 | $1,302 |
| Value after costs | $9,926 | $10,666 | $11,461 |
| Impact on return, per year | 5.74% | 2.83% | 2.24% |
PFDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0749%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $793K
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
PFDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $27K | 32.70% |
| Evercore Group L.L.C. | $8K | 9.57% |
| KEYBANC CAPITAL MARKETS, INC. | $7K | 9.12% |
| JEFFERIES LLC | $7K | 8.00% |
| U.S. BANCORP INVESTMENTS, INC. | $6K | 7.74% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6K | 7.62% |
| BARCLAYS CAPITAL, INC. | $6K | 7.21% |
| ROBERT W. BAIRD & CO. INC. | $5K | 6.36% |
| KEEFE, BRUYETTE & WOODS, INC. | $5K | 6.10% |
| Stephens, Inc. | $5K | 5.58% |
PFDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| KEYBANC CAPITAL MARKETS, INC. | $793K | 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.