Expense Ratio History

PFTSX expense ratio history

PFG Janus Henderson® Tactical Income Strategy Fund, PFG Janus Henderson® Tactical Income Strategy Fund Class I Shares

Fund company
Northern Trust
Type
Mutual fund

2.86%

In basis points
286 basis points
Yearly cost per $10,000
$286
Prospectus dated
28 August 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 3.08% on 28 August 2025

Fee over time

PFTSX expense ratio: 2.55% until 28 Aug 2021, then 2.68%; 2.68% until 29 Aug 2022, then 2.86%; 2.86% until 21 Jul 2023, then 3.03%; 3.03% until 28 Aug 2024, then 3.01%; 3.01% until 19 Feb 2025, then 3.08%; 3.08% until 28 Aug 2025, then 2.86%; read at 2.86% on 28 Aug 2025.0.00%2.00%4.00%6.00%Apr 2020Apr 2021Apr 2022Apr 2023Apr 2024Apr 20252.55% before2.86% from 28 Aug 2025
PFTSX expense ratio: 2.55% until 28 Aug 2021, then 2.68%; 2.68% until 29 Aug 2022, then 2.86%; 2.86% until 21 Jul 2023, then 3.03%; 3.03% until 28 Aug 2024, then 3.01%; 3.01% until 19 Feb 2025, then 3.08%; 3.08% until 28 Aug 2025, then 2.86%; read at 2.86% on 28 Aug 2025.0.00%2.00%4.00%6.00%Apr 2020Mar 2022Feb 20242.55% before2.86% from 28 Aug 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
28 Aug 2025 2.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-08-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Aug 2025 2.86% Cut from 3.08% to 2.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-08-26
19 Feb 2025 3.08% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-19 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
19 Feb 2025 3.08% Raised from 3.01% to 3.08%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-19
28 Aug 2024 3.01% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-08-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Aug 2024 3.01% Cut from 3.03% to 3.01%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-02-28
21 Jul 2023 3.03% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-07-21 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
21 Jul 2023 3.03% Raised from 2.86% to 3.03%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-04-30
29 Aug 2022 2.86% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-08-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Aug 2022 2.86% Raised from 2.68% to 2.86%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-12-28
28 Aug 2021 2.68% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-08-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Aug 2021 2.68% Raised from 2.55% to 2.68%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-11-15
4 Jun 2021 2.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-06-04 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Aug 2020 2.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
17 Apr 2020 2.55% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-04-17 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.86% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,220 in fees over 10 years

After fees, $10,000 grows to $12,272.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$293
3 years$898
5 years$1,528
10 years$3,220

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 9 prospectuses for this share class since 2020. Each one is listed above with a link to the filing.

How we read fees

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