PRPPX Fees and Costs — International Equity Fund, Class R-3
Data updated: 2026-09-25
The net expense ratio is 1.20%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.35% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5.3M in broker commissions, 0.1137% of average net assets, and portfolio turnover was 96%.
PRPPX Fees and Expenses
Annual operating expenses and sales charges of PRPPX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PRPPX Costs Over Time
On $10,000 invested in PRPPX, assuming 5% a year before costs, total costs come to $817 over 5 years, cutting the return by 1.38% 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 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $450 | $817 |
| Value after costs | $10,362 | $11,126 | $11,946 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
PRPPX 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): 0.1137%
- Total broker commissions: $5.3M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $18.6M
- Net income from securities lending: $324K (0.007% of average net assets)
PRPPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.0M | 26.81% |
| UBS SECURITIES LLC | $406K | 10.77% |
| GOLDMAN SACHS CO. | $388K | 10.29% |
| JEFFERIES & COMPANY | $367K | 9.72% |
| MACQUARIE GROUP LTD. | $309K | 8.20% |
| LIQUIDNET | $300K | 7.94% |
| MORGAN STANLEY & CO. LLC. | $286K | 7.59% |
| BARCLAYS CAPITAL INC. | $252K | 6.67% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $234K | 6.20% |
| RBC DOMINION SECURITIES CORP. | $219K | 5.82% |
International Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PIIDX | Class R-6 | 0.62% | — |
| PINIX | Institutional Class | 0.77% | — |
| PTPPX | Class R-5 | 0.89% | — |
| PRPPX | Class R-3 | 1.20% | — |
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.