PISYX Fees and Costs — Pioneer Intrinsic Value Fund, : Class Y
Data updated: 2025-02-26
The net expense ratio is 0.55%: a 0.45% management fee plus 9.04% other expenses, less a 8.94% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0835% of average net assets, and portfolio turnover was 90%.
PISYX Fees and Expenses
Annual operating expenses and sales charges of PISYX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 9.04% |
| Gross expense ratio | 9.49% |
| Fee waiver | −8.94% |
| Net expense ratio | 0.55% |
| 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 |
PISYX Costs Over Time
On $10,000 invested in PISYX, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.67% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $9 | $27 | $48 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $67 | $219 | $399 |
| Value after costs | $10,433 | $11,358 | $12,364 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
PISYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0835%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 90%
- Securities lending: none during the year
PISYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $796 | 55.66% |
| TD SECURITIES (USA) LLC | $290 | 20.28% |
| PIPER SANDLER & CO. | $200 | 13.99% |
| RBC CAPITAL MARKETS, LLC | $41 | 2.87% |
| Strategas Securities, LLC | $32 | 2.24% |
| GOLDMAN SACHS & CO. LLC | $17 | 1.19% |
| JEFFERIES LLC | $17 | 1.19% |
| WELLS FARGO SECURITIES, LLC | $16 | 1.12% |
| STATE STREET GLOBAL MARKETS, LLC | $11 | 0.77% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $10 | 0.70% |
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.