PSEPX Fees and Costs — 1789 Growth and Income Fund, Class P
Data updated: 2026-09-29
The net expense ratio is 1.02%: a 0.75% management fee plus 0.26% other expenses. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $900 in broker commissions, 0.0028% of average net assets, and portfolio turnover was 4%.
PSEPX Fees and Expenses
Annual operating expenses and sales charges of PSEPX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PSEPX Costs Over Time
On $10,000 invested in PSEPX, assuming 5% a year before costs, total costs come to $639 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $352 | $639 |
| Value after costs | $10,393 | $11,225 | $12,123 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
PSEPX 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): 0.0028%
- Total broker commissions: $900
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
PSEPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| U.S. Bank, N.A. | $900 | 100.00% |
1789 Growth and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PSEPX | Class P | 1.02% | none |
| PSECX | Class C | 2.02% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.