PINGX Fees and Costs — Overseas Fund, Class R-5
Data updated: 2026-09-25
The net expense ratio is 1.18%: a 0.94% management fee plus 0.28% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.2M in broker commissions, 0.0950% of average net assets, and portfolio turnover was 78%.
PINGX Fees and Expenses
Annual operating expenses and sales charges of PINGX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.94% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.18% |
| 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 | No |
PINGX Costs Over Time
On $10,000 invested in PINGX, assuming 5% a year before costs, total costs come to $793 over 5 years, cutting the return by 1.34% 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 1.18%) | $124 | $385 | $667 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $437 | $793 |
| Value after costs | $10,366 | $11,139 | $11,970 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
PINGX 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): 0.0950%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $423K
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $11.1M
- Net income from securities lending: $86K (0.007% of average net assets)
PINGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $150K | 17.06% |
| J.P. MORGAN SECURITIES LLC | $119K | 13.54% |
| MORGAN STANLEY & CO. LLC. | $113K | 12.80% |
| INSTINET CLEARING SERVICES INC | $85K | 9.64% |
| JEFFERIES & COMPANY | $85K | 9.62% |
| LIQUIDNET | $84K | 9.52% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $83K | 9.41% |
| CITIGROUP GLOBAL MARKETS | $72K | 8.20% |
| GOLDMAN SACHS CO. | $54K | 6.17% |
| BARCLAYS CAPITAL INC. | $36K | 4.05% |
Overseas Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PINZX | Institutional Class | 0.91% | — |
| PINGX | Class R-5 | 1.18% | — |
| PINTX | Class R-3 | 1.46% | — |
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.