PMDEX Fees and Costs — PMC Diversified Equity Fund, Advisor Class
Data updated: 2024-11-14
The net expense ratio is 0.96%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $564K in broker commissions, 0.0852% of average net assets, and portfolio turnover was 101%.
PMDEX Fees and Expenses
Annual operating expenses and sales charges of PMDEX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 | Yes |
PMDEX Costs Over Time
On $10,000 invested in PMDEX, assuming 5% a year before costs, total costs come to $653 over 5 years, cutting the return by 1.10% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $359 | $653 |
| Value after costs | $10,390 | $11,217 | $12,110 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
PMDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0852%
- Total broker commissions: $564K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 101%
- Securities on loan, average value: $98.7M
- Net income from securities lending: $851K (0.129% of average net assets)
PMDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $285K | 50.49% |
| COWEN AND COMPANY LLC | $276K | 48.85% |
| RAYMOND JAMES & ASSOCIATES INC. | $4K | 0.65% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.