PMFRX Fees and Costs — Pioneer Multi-Asset Income Fund, : Class R
Data updated: 2025-03-25
The net expense ratio is 1.18%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2.0M in broker commissions, 0.0669% of average net assets, and portfolio turnover was 62%.
PMFRX Fees and Expenses
Annual operating expenses and sales charges of PMFRX. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 | No |
| Waived fees subject to recoupment | No |
PMFRX Costs Over Time
On $10,000 invested in PMFRX, assuming 5% a year before costs, total costs come to $776 over 5 years, cutting the return by 1.31% 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 1.18%) | $124 | $386 | $667 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $131 | $428 | $776 |
| Value after costs | $10,369 | $11,149 | $11,987 |
| Impact on return, per year | 1.31% | 1.31% | 1.31% |
PMFRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0669%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $9.1B
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
PMFRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER & CO. | $455K | 30.10% |
| CitiGroup Global Markets Inc. | $179K | 11.82% |
| SAMSUNG SECURITIES (AMERICA), INC. | $174K | 11.52% |
| INSTINET, LLC | $154K | 10.20% |
| MORGAN STANLEY & CO. LLC | $108K | 7.16% |
| TD SECURITIES (USA) LLC | $107K | 7.05% |
| MACQUARIE CAPITAL (USA), INC. | $99K | 6.55% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $87K | 5.77% |
| J.P. Morgan Securities LLC | $80K | 5.27% |
| MIZUHO SECURITIES USA LLC | $69K | 4.57% |
PMFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6.0B | 70.88% |
| MORGAN STANLEY & CO. LLC | $542.7M | 6.43% |
| J.P. Morgan Securities LLC | $352.9M | 4.18% |
| BNP PARIBAS SECURITIES CORP. | $268.9M | 3.19% |
| BARCLAYS CAPITAL, INC. | $267.7M | 3.17% |
| CitiGroup Global Markets Inc. | $254.8M | 3.02% |
| WELLS FARGO SECURITIES, LLC | $231.6M | 2.74% |
| BNY MELLON CAPITAL MARKETS, LLC | $225.8M | 2.68% |
| GOLDMAN SACHS & CO. LLC | $223.7M | 2.65% |
| TD SECURITIES (USA) LLC | $88.9M | 1.05% |
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.