PFESX Fees and Costs — PFG BR Target Allocation Equity Strategy Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 2.12%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $16K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 8%.
PFESX Fees and Expenses
Annual operating expenses and sales charges of PFESX. Prospectus, as of August 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.12% |
| Fee waiver | — |
| Net expense ratio | 2.12% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PFESX Costs Over Time
On $10,000 invested in PFESX, assuming 5% a year before costs, total costs come to $1,299 over 5 years, cutting the return by 2.23% 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 2.12%) | $223 | $686 | $1,176 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $223 | $722 | $1,299 |
| Value after costs | $10,277 | $10,854 | $11,464 |
| Impact on return, per year | 2.23% | 2.23% | 2.23% |
PFESX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0040%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
PFESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ceros | $16K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.