PGOIX Fees and Costs — Global Opportunities Fund, Institutional Class
Data updated: 2020-01-24
The net expense ratio is 0.85%: a 0.84% management fee plus 0.02% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $380K in broker commissions, 0.5431% of average net assets, and portfolio turnover was 93%.
PGOIX Fees and Expenses
Annual operating expenses and sales charges of PGOIX. Prospectus, as of December 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 | No |
PGOIX Costs Over Time
On $10,000 invested in PGOIX, assuming 5% a year before costs, total costs come to $865 over 5 years, cutting the return by 1.46% 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 0.85%) | $89 | $277 | $479 |
| Trading costs (broker commissions) | $57 | $177 | $306 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $146 | $477 | $865 |
| Value after costs | $10,354 | $11,099 | $11,898 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
PGOIX 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)
PGOIX 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% |
PGOIX 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.