PMSBX Fees and Costs — MidCap Fund, Class R-1
Data updated: 2026-09-25
The net expense ratio is 1.14%: a 0.57% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.1M in broker commissions, 0.0132% of average net assets.
PMSBX Fees and Expenses
Annual operating expenses and sales charges of PMSBX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.14% |
| Fee waiver | — |
| Net expense ratio | 1.14% |
| 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 | No |
PMSBX Costs Over Time
On $10,000 invested in PMSBX, assuming 5% a year before costs, total costs come to $719 over 5 years, cutting the return by 1.21% 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 1.14%) | $120 | $373 | $646 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $719 |
| Value after costs | $10,379 | $11,180 | $12,044 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
PMSBX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $4.1M
- Bought from dealers (principal trades, not a cost): $37.6M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $107.4M
- Net income from securities lending: $300K (0.001% of average net assets)
PMSBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $797K | 25.67% |
| CANACCORD ADAMS INC. | $536K | 17.26% |
| VIRTU FINANCIAL LLC | $353K | 11.36% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $268K | 8.62% |
| RBC DOMINION SECURITIES CORP. | $252K | 8.12% |
| UBS SECURITIES LLC | $230K | 7.42% |
| GOLDMAN SACHS CO. | $192K | 6.18% |
| J.P. MORGAN SECURITIES LLC | $165K | 5.30% |
| MIZUHO SECURITIES USA INC. | $160K | 5.14% |
| LIQUIDNET | $153K | 4.92% |
PMSBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $30.3M | 80.44% |
| MORGAN STANLEY & CO. LLC. | $7.4M | 19.56% |
MidCap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PMAQX | Class R-6 | 0.57% | none |
| PCBIX | Institutional Class | 0.67% | none |
| PMBJX | Class J | 0.76% | none |
| PMBPX | Class R-5 | 0.82% | none |
| PEMGX | Class A | 0.90% | 5.50% |
| PMBMX | Class R-3 | 1.13% | none |
| PMSBX | Class R-1 | 1.14% | — |
| PMBCX | Class C | 1.71% | 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.