PTXFX Fees and Costs — Pacific Capital Tax-Free Securities Fund, Class Y
Data updated: 2026-09-22
The net expense ratio is 0.14%: a 0.20% management fee plus 0.14% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 36%.
PTXFX Fees and Expenses
Annual operating expenses and sales charges of PTXFX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.34% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.14% |
| 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 |
PTXFX Costs Over Time
On $10,000 invested in PTXFX, assuming 5% a year before costs, total costs come to $89 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $89 |
| Value after costs | $10,485 | $11,528 | $12,674 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
PTXFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $153.9M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
PTXFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $62.7M | 43.54% |
| MORGAN STANLEY & CO. LLC | $28.8M | 20.00% |
| MESIROW FINANCIAL, INC. | $16.2M | 11.25% |
| MarketAxess Corp. | $11.5M | 7.97% |
| RAYMOND JAMES & ASSOCIATES, INC. | $8.3M | 5.79% |
| PERSHING LLC | $4.0M | 2.78% |
| Stifel, Nicolaus & Company, Incorporated | $3.3M | 2.27% |
| SumRidge Partners, LLC | $3.2M | 2.20% |
| BNY MELLON CAPITAL MARKETS, LLC | $3.1M | 2.15% |
| BARCLAYS CAPITAL, INC. | $2.9M | 2.03% |
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.