PPNNX Fees and Costs — SmallCap Growth Fund I, Class R-2
Data updated: 2026-09-25
The net expense ratio is 1.61%: a 0.86% management fee, a 0.30% 12b-1 fee plus 0.46% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.0779% of average net assets, and portfolio turnover was 70%.
PPNNX Fees and Expenses
Annual operating expenses and sales charges of PPNNX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.86% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PPNNX Costs Over Time
On $10,000 invested in PPNNX, assuming 5% a year before costs, total costs come to $1,041 over 5 years, cutting the return by 1.77% 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 1.61%) | $169 | $524 | $902 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $177 | $576 | $1,041 |
| Value after costs | $10,323 | $11,000 | $11,721 |
| Impact on return, per year | 1.77% | 1.77% | 1.77% |
PPNNX 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): 0.0779%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $208.4M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $32.5M
- Net income from securities lending: $998K (0.048% of average net assets)
PPNNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES & COMPANY | $234K | 20.45% |
| J.P. MORGAN SECURITIES LLC | $174K | 15.26% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $161K | 14.06% |
| RBC DOMINION SECURITIES CORP. | $148K | 12.96% |
| GOLDMAN SACHS CO. | $102K | 8.97% |
| MORGAN STANLEY & CO. LLC. | $73K | 6.43% |
| RAYMOND JAMES & ASSOCIATES | $67K | 5.91% |
| BARCLAYS CAPITAL INC. | $67K | 5.84% |
| CITIGROUP GLOBAL MARKETS | $59K | 5.14% |
| PIPER SANDLER COS | $57K | 5.00% |
PPNNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $70.5M | 40.12% |
| GOLDMAN SACHS CO. | $35.1M | 20.01% |
| MORGAN STANLEY & CO. LLC. | $20.9M | 11.89% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $20.7M | 11.81% |
| JEFFERIES & COMPANY | $17.0M | 9.68% |
| CITIGROUP GLOBAL MARKETS | $7.5M | 4.26% |
| OPPENHEIMER & CO. | $1.2M | 0.69% |
| PIPER SANDLER COS | $1.1M | 0.63% |
| STIFEL NICOLAUS & COMPANY | $920K | 0.52% |
| CIBC WORLD MARKETS CORP | $676K | 0.38% |
SmallCap Growth Fund I Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PCSMX | Class R-6 | 0.87% | — |
| PGRTX | Institutional Class | 0.98% | — |
| PPNPX | Class R-5 | 1.13% | — |
| PSIJX | Class J | 1.14% | — |
| PPNMX | Class R-3 | 1.44% | — |
| PPNNX | Class R-2 | 1.61% | — |
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.