PTAAX Fees and Costs — Princeton Long/Short Treasury Fund
Data updated: 2023-11-28
The net expense ratio is 1.85% (2.72% before fee waivers). This share class carries a maximum front-end sales load of 5.75%. Portfolio turnover was 0%.
PTAAX Fees and Expenses
Annual operating expenses and sales charges of PTAAX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.43% |
| Gross expense ratio | 2.72% |
| Fee waiver | −0.87% |
| Net expense ratio | 1.85% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PTAAX Costs Over Time
On $10,000 invested in PTAAX, assuming 5% a year before costs, total costs come to $1,806 over 5 years, cutting the return by 3.16% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.85%) | $183 | $566 | $973 |
| Lost growth on money paid in costs | $29 | $119 | $258 |
| Total costs | $787 | $1,260 | $1,806 |
| Value after costs | $9,713 | $10,316 | $10,957 |
| Impact on return, per year | 7.87% | 3.96% | 3.16% |
PTAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $69.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PTAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NOMURA SECURITIES INTERNATIONAL, INC. | $54.4M | 78.46% |
| Goldman, Sachs & Co. LLC | $14.9M | 21.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.