PXUS Fees and Costs — Principal International Adaptive Multi-Factor ETF
Data updated: 2023-11-21
The net expense ratio is 0.24%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $5K in broker commissions, 0.0357% of average net assets, and portfolio turnover was 112%.
PXUS Fees and Expenses
Annual operating expenses and sales charges of PXUS. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| Net expense ratio | 0.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PXUS Costs Over Time
On $10,000 invested in PXUS, assuming 5% a year before costs, total costs come to $175 over 5 years, cutting the return by 0.29% 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 0.24%) | $25 | $79 | $138 |
| Trading costs (broker commissions) | $4 | $12 | $21 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $95 | $175 |
| Value after costs | $10,471 | $11,481 | $12,588 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
PXUS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0357%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $5.6M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
PXUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 32.82% |
| RBC Capital Markets, LLC | $792 | 17.78% |
| CLSA Americas, LLC | $543 | 12.18% |
| J.P. Morgan Securities LLC | $479 | 10.75% |
| Morgan Stanley & Co. LLC | $365 | 8.19% |
| BofA Securities, Inc. | $362 | 8.12% |
| Virtu Americas LLC | $152 | 3.41% |
| Credit Suisse Securities (USA) LLC | $125 | 2.80% |
| Telsey Advisory Group LLC | $108 | 2.43% |
| BNY Mellon Capital Markets, LLC | $68 | 1.52% |
PXUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $3.9M | 69.92% |
| State Street Bank and Trust Company | $1.7M | 30.08% |
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.