PGLAX Fees and Costs — Global Opportunities Fund, Class A
Data updated: 2020-01-24
The net expense ratio is 1.50%: a 0.84% management fee, a 0.25% 12b-1 fee plus 0.83% other expenses, less a 0.42% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $380K in broker commissions, 0.5431% of average net assets, and portfolio turnover was 93%.
PGLAX Fees and Expenses
Annual operating expenses and sales charges of PGLAX. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.83% |
| Gross expense ratio | 1.92% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
PGLAX Costs Over Time
On $10,000 invested in PGLAX, assuming 5% a year before costs, total costs come to $1,885 over 5 years, cutting the return by 3.30% 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 | $647 | $550 | $550 |
| Fund expenses (net expense ratio 1.50%) | $149 | $459 | $788 |
| Trading costs (broker commissions) | $54 | $166 | $285 |
| Lost growth on money paid in costs | $27 | $118 | $262 |
| Total costs | $877 | $1,294 | $1,885 |
| Value after costs | $9,623 | $10,283 | $10,878 |
| Impact on return, per year | 8.77% | 4.07% | 3.30% |
PGLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.5431%
- Total broker commissions: $380K
- Bought from dealers (principal trades, not a cost): $128.5M
- Portfolio turnover (prospectus): 93%
- Securities on loan, average value: $123K
- Net income from securities lending: $199 (0.000% of average net assets)
PGLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $61K | 19.60% |
| CREDIT SUISSE GROUP | $54K | 17.33% |
| UBS SECURITIES LLC | $41K | 13.10% |
| GOLDMAN SACHS CO. | $38K | 12.19% |
| MORGAN STANLEY & CO. LLC. | $30K | 9.68% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $25K | 7.94% |
| WELLS FARGO SECURITIES LLC | $23K | 7.47% |
| CITIGROUP GLOBAL MARKETS | $19K | 6.07% |
| DEUTSCHE BANK SECURITIES CORP. | $11K | 3.42% |
| MIZUHO SECURITIES USA INC. | $10K | 3.20% |
PGLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS CO. | $599K | 98.36% |
| CREDIT SUISSE GROUP | $10K | 1.64% |
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.