PPFIX Fees and Costs — Princeton Premium Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 1.96%: a 1.75% management fee plus 0.28% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 0%.
PPFIX Fees and Expenses
Annual operating expenses and sales charges of PPFIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 2.04% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.96% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PPFIX Costs Over Time
On $10,000 invested in PPFIX, assuming 5% a year before costs, total costs come to $1,204 over 5 years, cutting the return by 2.06% 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 1.96%) | $206 | $636 | $1,091 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $32 | $111 |
| Total costs | $206 | $668 | $1,204 |
| Value after costs | $10,294 | $10,908 | $11,558 |
| Impact on return, per year | 2.06% | 2.06% | 2.06% |
PPFIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PPFIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $9K | 100.00% |
PPFIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $795.5M | 57.00% |
| Nomura Securities International, Inc. | $600.0M | 43.00% |
Princeton Premium Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PPFIX | Class I | 1.96% | none |
| PPFAX | Class A | 2.21% | 5.75% |
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.