PFISX Fees and Costs — International Small Company Fund, Class R-6
Data updated: 2026-07-24
The net expense ratio is 1.04%: a 1.00% management fee plus 0.05% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $693K in broker commissions, 0.1292% of average net assets, and portfolio turnover was 46%.
PFISX Fees and Expenses
Annual operating expenses and sales charges of PFISX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.04% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PFISX Costs Over Time
On $10,000 invested in PFISX, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% 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 1.04%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $14 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $729 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
PFISX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1292%
- Total broker commissions: $693K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $7.6M
- Net income from securities lending: $44K (0.008% of average net assets)
PFISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $72K | 14.13% |
| JEFFERIES & COMPANY | $66K | 12.96% |
| BARCLAYS CAPITAL INC. | $62K | 12.30% |
| CITIGROUP GLOBAL MARKETS | $57K | 11.20% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $53K | 10.54% |
| MACQUARIE GROUP LTD. | $50K | 9.96% |
| NOMURA SECURITIES INT'L INC. | $45K | 8.90% |
| CLSA AMERICAS LLC | $37K | 7.41% |
| J.P. MORGAN SECURITIES LLC | $33K | 6.61% |
| MORGAN STANLEY & CO. LLC. | $30K | 5.98% |
PFISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET | $820K | 50.79% |
| UBS SECURITIES LLC | $604K | 37.40% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $191K | 11.82% |
International Small Company Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFISX | Class R-6 | 1.04% | — |
| PISMX | Institutional Class | 1.08% | — |
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.