PINNX Fees and Costs — Diversified International Fund, Class R-2
Data updated: 2026-09-25
The net expense ratio is 1.48%: a 0.71% management fee, a 0.30% 12b-1 fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.8M in broker commissions, 0.0704% of average net assets, and portfolio turnover was 38%.
PINNX Fees and Expenses
Annual operating expenses and sales charges of PINNX. Prospectus, as of April 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.48% |
| Fee waiver | — |
| Net expense ratio | 1.48% |
| 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 |
PINNX Costs Over Time
On $10,000 invested in PINNX, assuming 5% a year before costs, total costs come to $959 over 5 years, cutting the return by 1.63% 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 1.48%) | $155 | $482 | $831 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $163 | $530 | $959 |
| Value after costs | $10,337 | $11,046 | $11,804 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
PINNX 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): 0.0704%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $311K
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $12.3M
- Net income from securities lending: $43K (0.002% of average net assets)
PINNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS CO. | $209K | 16.82% |
| NOMURA SECURITIES INT'L INC. | $156K | 12.60% |
| UBS SECURITIES LLC | $140K | 11.26% |
| BARCLAYS CAPITAL INC. | $135K | 10.84% |
| J.P. MORGAN SECURITIES LLC | $134K | 10.79% |
| CITIGROUP GLOBAL MARKETS | $125K | 10.05% |
| MORGAN STANLEY & CO. LLC. | $95K | 7.65% |
| JEFFERIES & COMPANY | $83K | 6.69% |
| CREDIT LYONNAIS | $83K | 6.66% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $83K | 6.64% |
Diversified International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDIFX | Class R-6 | 0.76% | none |
| PIIIX | Institutional Class | 0.86% | none |
| PINPX | Class R-5 | 1.08% | none |
| PIIJX | Class J | 1.11% | none |
| PRWLX | Class A | 1.22% | 5.50% |
| PINRX | Class R-3 | 1.39% | none |
| PINNX | Class R-2 | 1.48% | — |
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.