PSTYX Fees and Costs — Principal Street Short Term Municipal Fund, Institutional Class
Data updated: 2024-11-14
The net expense ratio is 0.71% (1.09% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 75%.
PSTYX Fees and Expenses
Annual operating expenses and sales charges of PSTYX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.71% |
| 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 | Yes |
PSTYX Costs Over Time
On $10,000 invested in PSTYX, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.71%) | $75 | $233 | $406 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
PSTYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $61.0M
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
PSTYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INC. | $23.6M | 42.09% |
| TMC BONDS L.L.C. | $12.0M | 21.41% |
| RBC CAPITAL MARKETS, LLC | $6.4M | 11.41% |
| WELLS FARGO SECURITIES, LLC | $3.8M | 6.84% |
| PERSHING LLC | $2.5M | 4.41% |
| BNY MELLON CAPITAL MARKETS, LLC | $2.3M | 4.06% |
| OPPENHEIMER & CO. INC. | $1.5M | 2.74% |
| ZEUS SECURITIES, INC. | $1.5M | 2.64% |
| JEFFERIES LLC | $1.3M | 2.41% |
| UBS FINANCIAL SERVICES, INC. | $1.1M | 1.99% |
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.