PMFIX Fees and Costs — PMC Core Fixed Income Fund, Advisor Class
Data updated: 2024-11-14
The net expense ratio is 0.85%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 195%.
PMFIX Fees and Expenses
Annual operating expenses and sales charges of PMFIX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.85% |
| 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 |
PMFIX Costs Over Time
On $10,000 invested in PMFIX, assuming 5% a year before costs, total costs come to $534 over 5 years, cutting the return by 0.89% 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) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $534 |
| Value after costs | $10,411 | $11,283 | $12,229 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
PMFIX 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): 0.0006%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $644.6M
- Portfolio turnover (prospectus): 195%
- Securities on loan, average value: $21.7M
- Net income from securities lending: $35K (0.013% of average net assets)
PMFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $2K | 100.00% |
PMFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $111.2M | 17.25% |
| BOFA SECURITIES INC. | $80.6M | 12.50% |
| DEUTSCHE BANK SECURITIES INC. | $72.8M | 11.29% |
| J.P. MORGAN SECURITIES LLC | $69.5M | 10.78% |
| BARCLAYS CAPITAL INC. | $60.3M | 9.35% |
| BNP PARIBAS SECURITIES CORP. | $58.6M | 9.09% |
| CITADEL SECURITIES LLC | $56.4M | 8.75% |
| GOLDMAN SACHS & CO. LLC | $51.9M | 8.05% |
| BMO CAPITAL MARKETS CORP. | $44.0M | 6.83% |
| TD SECURITIES (USA) LLC | $39.3M | 6.10% |
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.