PGBAX Fees and Costs — Diversified Income Fund, Class A
Data updated: 2026-10-08
The net expense ratio is 0.97%. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $196K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 93%.
PGBAX Fees and Expenses
Annual operating expenses and sales charges of PGBAX. Prospectus, as of August 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PGBAX Costs Over Time
On $10,000 invested in PGBAX, assuming 5% a year before costs, total costs come to $1,068 over 5 years, cutting the return by 1.82% 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 | $475 | $375 | $375 |
| Fund expenses (net expense ratio 0.97%) | $98 | $306 | $531 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $19 | $74 | $158 |
| Total costs | $593 | $758 | $1,068 |
| Value after costs | $9,907 | $10,818 | $11,695 |
| Impact on return, per year | 5.93% | 2.34% | 1.82% |
PGBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $196K
- Bought from dealers (principal trades, not a cost): $9.2B
- Portfolio turnover (prospectus): 93%
- Securities on loan, average value: $36.0M
- Net income from securities lending: $404K (0.016% of average net assets)
PGBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL | $92K | 48.49% |
| JEFFERIES & COMPANY | $47K | 24.41% |
| PIPER SANDLER COS | $21K | 11.08% |
| SUSQUEHANNA FINANCIAL GROUP INC. | $7K | 3.63% |
| JANE STREET CAPITAL | $7K | 3.51% |
| SAMI BROKERAGE LLC | $6K | 3.18% |
| NATIONAL ALLIANCE SECURITIES LLC | $4K | 1.97% |
| RAYMOND JAMES & ASSOCIATES | $3K | 1.54% |
| TELSEY ADVISORY GROUP | $2K | 1.23% |
| OLD MISSION MARKETS LLC | $2K | 0.96% |
PGBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DAIWA SECURITIES | $4.9B | 61.33% |
| WELLS FARGO SECURITIES LLC | $804.5M | 10.02% |
| MORGAN STANLEY & CO. LLC. | $595.6M | 7.42% |
| GOLDMAN SACHS CO. | $451.9M | 5.63% |
| J.P. MORGAN SECURITIES LLC | $407.2M | 5.07% |
| BARCLAYS CAPITAL INC. | $265.5M | 3.31% |
| CITIGROUP GLOBAL MARKETS | $233.6M | 2.91% |
| BANCAMERICA SECURITIES INC. | $133.3M | 1.66% |
| SAMI BROKERAGE LLC | $112.6M | 1.40% |
| JEFFERIES & COMPANY | $100.1M | 1.25% |
Diversified Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGBLX | Class R-6 | 0.63% | none |
| PGDIX | Institutional Class | 0.69% | none |
| PGBAX | Class A | 0.97% | 3.75% |
| PGDCX | Class C | 1.74% | none |
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.