PRPTX Fees and Costs — PACE Global Real Estate Securities Investments
Data updated: 2026-10-13
The net expense ratio is 1.57% (1.85% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $59K in broker commissions, 0.1103% of average net assets, and portfolio turnover was 29%.
PRPTX Fees and Expenses
Annual operating expenses and sales charges of PRPTX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.85% |
| Fee waiver | −0.28% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
PRPTX Costs Over Time
On $10,000 invested in PRPTX, assuming 5% a year before costs, total costs come to $1,037 over 5 years, cutting the return by 1.76% 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 1.57%) | $165 | $511 | $879 |
| Trading costs (broker commissions) | $12 | $36 | $62 |
| Lost growth on money paid in costs | $0 | $27 | $96 |
| Total costs | $176 | $574 | $1,037 |
| Value after costs | $10,324 | $11,002 | $11,726 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
PRPTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1103%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $167.2M
- Portfolio turnover (prospectus): 29%
PRPTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $37K | 65.84% |
| Morgan Stanley & Co. LLC | $5K | 8.61% |
| J.P. Morgan Securities LLC | $4K | 7.80% |
| Goldman Sachs & Co. LLC | $4K | 7.36% |
| Jefferies LLC | $3K | 4.76% |
| BNP Paribas Securities Corp. | $1K | 1.86% |
| RBC Capital Markets, LLC | $859 | 1.52% |
| Barclays Capital Inc. | $464 | 0.82% |
| Daiwa Capital Markets America Inc. | $407 | 0.72% |
| BMO Capital Markets Corp. | $403 | 0.71% |
PRPTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $118.8M | 71.10% |
| State Street Bank and Trust Company | $47.0M | 28.11% |
| BofA Securities, Inc. | $789K | 0.47% |
| Goldman Sachs & Co. LLC | $544K | 0.33% |
PACE Global Real Estate Securities Investments Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PREQX | Class P | 1.20% | none |
| PREAX | Class A | 1.45% | 5.50% |
| PRPTX | C000228114 | 1.57% | 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.