PFMAX Fees and Costs — Pacific Funds Small-Cap Growth, Class A
Data updated: 2020-08-26
The net expense ratio is 1.15%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses, less a 0.31% fee waiver. This share class carries a maximum front-end sales load of 4.25%. In fiscal 2020 the fund paid $13K in broker commissions, 0.0399% of average net assets, and portfolio turnover was 72%.
PFMAX Fees and Expenses
Annual operating expenses and sales charges of PFMAX. Prospectus, as of March 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.31% |
| Net expense ratio | 1.15% |
| 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 |
PFMAX Costs Over Time
On $10,000 invested in PFMAX, assuming 5% a year before costs, total costs come to $1,252 over 5 years, cutting the return by 2.15% 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 1.15%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $21 | $85 | $183 |
| Total costs | $566 | $883 | $1,252 |
| Value after costs | $9,934 | $10,693 | $11,510 |
| Impact on return, per year | 5.66% | 2.74% | 2.15% |
PFMAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0399%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
PFMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $3K | 28.23% |
| Stifel, Nicolaus & Company, Incorporated | $2K | 20.16% |
| JEFFERIES LLC | $2K | 17.22% |
| GOLDMAN SACHS & CO. LLC | $872 | 7.37% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $845 | 7.14% |
| VIRTU ITG LLC | $650 | 5.49% |
| RBC CAPITAL MARKETS, LLC | $590 | 4.99% |
| Raymond James & Associates, Inc. | $560 | 4.73% |
| PIPER SANDLER & CO. | $342 | 2.89% |
| BNY MELLON CAPITAL MARKETS, LLC | $209 | 1.77% |
PFMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $1.7M | 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.