PFDEX Fees and Costs — PFG Equity Strategy Fund, Class R
Data updated: 2021-12-21
The net expense ratio is 2.37%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $121K in broker commissions, 0.0519% of average net assets, and portfolio turnover was 161%.
PFDEX Fees and Expenses
Annual operating expenses and sales charges of PFDEX. Prospectus, as of August 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.37% |
| Fee waiver | — |
| Net expense ratio | 2.37% |
| 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 |
PFDEX Costs Over Time
On $10,000 invested in PFDEX, assuming 5% a year before costs, total costs come to $1,472 over 5 years, cutting the return by 2.54% 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 2.37%) | $249 | $765 | $1,307 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $39 | $137 |
| Total costs | $254 | $821 | $1,472 |
| Value after costs | $10,246 | $10,755 | $11,290 |
| Impact on return, per year | 2.54% | 2.54% | 2.54% |
PFDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0519%
- Total broker commissions: $121K
- Bought from dealers (principal trades, not a cost): $82.1M
- Portfolio turnover (prospectus): 161%
- Securities lending: none during the year
PFDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros | $119K | 98.45% |
| BNY Mellon | $2K | 1.55% |
PFDEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Ceros | $82.1M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.