PMDIX Fees and Costs — Small-MidCap Dividend Income Fund, Institutional Class
Data updated: 2026-07-24
The net expense ratio is 0.85%: a 0.77% management fee plus 0.09% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $572K in broker commissions, 0.0347% of average net assets, and portfolio turnover was 26%.
PMDIX Fees and Expenses
Annual operating expenses and sales charges of PMDIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| 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 |
PMDIX Costs Over Time
On $10,000 invested in PMDIX, assuming 5% a year before costs, total costs come to $555 over 5 years, cutting the return by 0.93% 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 | $279 | $484 |
| Trading costs (broker commissions) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $305 | $555 |
| Value after costs | $10,407 | $11,272 | $12,208 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
PMDIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0347%
- Total broker commissions: $572K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $28K
- Net income from securities lending: $2K (0.000% of average net assets)
PMDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES & COMPANY | $135K | 30.35% |
| LIQUIDNET | $68K | 15.41% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $44K | 9.95% |
| VIRTU FINANCIAL LLC | $39K | 8.73% |
| RAYMOND JAMES & ASSOCIATES | $36K | 8.12% |
| ROBERT W. BAIRD & CO. | $32K | 7.19% |
| MKM PARTNERS | $30K | 6.65% |
| STIFEL NICOLAUS & COMPANY | $27K | 6.04% |
| BARCLAYS CAPITAL INC. | $18K | 4.04% |
| RBC DOMINION SECURITIES CORP. | $16K | 3.54% |
Small-MidCap Dividend Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PMDHX | Class R-6 | 0.78% | none |
| PMDIX | Institutional Class | 0.85% | none |
| PMDAX | Class A | 1.12% | 5.50% |
| PMDDX | Class C | 1.87% | none |
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.