PFSVX Fees and Costs — iMGP Small Company Fund, Institutional Class
Data updated: 2026-08-26
The net expense ratio is 1.22% (1.45% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $68K in broker commissions, 0.1396% of average net assets, and portfolio turnover was 98%.
PFSVX Fees and Expenses
Annual operating expenses and sales charges of PFSVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | — |
| Other expenses | 0.58% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.22% |
| 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 | Yes |
PFSVX Costs Over Time
On $10,000 invested in PFSVX, assuming 5% a year before costs, total costs come to $844 over 5 years, cutting the return by 1.43% 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 1.22%) | $128 | $398 | $688 |
| Trading costs (broker commissions) | $15 | $46 | $79 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $466 | $844 |
| Value after costs | $10,357 | $11,110 | $11,918 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
PFSVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1396%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $1K (0.003% of average net assets)
PFSVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Raymond James & Associates, Inc. | $13K | 20.54% |
| Robert W. Baird & Co. Incorporated | $13K | 19.97% |
| Stifel, Nicolaus & Company, Incorporated | $11K | 17.13% |
| William Blair & Company, L.L.C. | $6K | 9.88% |
| Wells Fargo Securities, LLC | $6K | 8.85% |
| TD Securities (USA) LLC | $4K | 6.68% |
| Jefferies LLC | $4K | 6.66% |
| Strategas Securities, LLC | $3K | 4.90% |
| J.P. Morgan Securities LLC | $3K | 4.13% |
| Piper Sandler & Co. | $803 | 1.26% |
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.