PSMHX Fees and Costs — Small-MidCap Growth Fund, Institutional Class
Data updated: 2023-07-25
The net expense ratio is 0.83%: a 0.70% management fee plus 0.48% other expenses, less a 0.35% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $25K in broker commissions, 0.2502% of average net assets, and portfolio turnover was 162%.
PSMHX Fees and Expenses
Annual operating expenses and sales charges of PSMHX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.48% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PSMHX Costs Over Time
On $10,000 invested in PSMHX, assuming 5% a year before costs, total costs come to $675 over 5 years, cutting the return by 1.13% 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 0.83%) | $87 | $272 | $471 |
| Trading costs (broker commissions) | $26 | $82 | $142 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $113 | $371 | $675 |
| Value after costs | $10,387 | $11,205 | $12,088 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
PSMHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.2502%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 162%
- Securities on loan, average value: $73K
- Net income from securities lending: $370 (0.004% of average net assets)
PSMHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL NICOLAUS & COMPANY | $2K | 13.05% |
| PIPER SANDLER COS | $2K | 12.77% |
| RAYMOND JAMES & ASSOCIATES | $2K | 12.57% |
| JEFFERIES & COMPANY | $1K | 10.39% |
| OPPENHEIMER & CO. | $1K | 9.73% |
| COWEN GROUP INC. | $1K | 9.47% |
| MORGAN STANLEY & CO. LLC. | $1K | 9.24% |
| GOLDMAN SACHS CO. | $1K | 8.54% |
| BTIG | $1K | 7.72% |
| SUNTRUST | $896 | 6.52% |
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.