PMTGX Fees and Costs — PIA MBS Bond Fund
Data updated: 2026-07-24
The net expense ratio is 0.28% (0.31% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 12%.
PMTGX Fees and Expenses
Annual operating expenses and sales charges of PMTGX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 0.31% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.28% |
| 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 |
PMTGX Costs Over Time
On $10,000 invested in PMTGX, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% 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 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
PMTGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $129.1M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
PMTGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $38.1M | 72.76% |
| CITIGROUP GLOBAL MARKETS INC. | $5.9M | 11.20% |
| GOLDMAN SACHS & CO. LLC | $3.0M | 5.66% |
| MORGAN STANLEY & CO. LLC | $3.0M | 5.66% |
| BARCLAYS CAPITAL INC. | $2.5M | 4.71% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.