C000110331 Fees and Costs — PIMCO EqS Long/Short Fund, Class C
Data updated: 2020-02-25
The net expense ratio is 3.53%: a 1.59% management fee, a 1.00% 12b-1 fee plus 0.95% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $355K in broker commissions, 0.0779% of average net assets, and portfolio turnover was 227%.
C000110331 Fees and Expenses
Annual operating expenses and sales charges of C000110331. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.59% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.95% |
| Gross expense ratio | 3.54% |
| Fee waiver | −0.01% |
| Net expense ratio | 3.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000110331 Costs Over Time
On $10,000 invested in C000110331, assuming 5% a year before costs, total costs come to $2,142 over 5 years, cutting the return by 3.79% 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 | $101 | $0 | $0 |
| Fund expenses (net expense ratio 3.53%) | $371 | $1,125 | $1,899 |
| Trading costs (broker commissions) | $8 | $25 | $42 |
| Lost growth on money paid in costs | $0 | $58 | $201 |
| Total costs | $480 | $1,208 | $2,142 |
| Value after costs | $10,020 | $10,368 | $10,621 |
| Impact on return, per year | 4.80% | 3.79% | 3.79% |
C000110331 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0779%
- Total broker commissions: $355K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 227%
- Securities lending: none during the year
C000110331 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA), LLC | $94K | 27.19% |
| Goldman Sachs & Co. | $84K | 24.14% |
| J.P. Morgan Securities LLC | $65K | 18.73% |
| Deutsche Bank Securities, Inc. | $35K | 10.11% |
| UBS Securities LLC | $27K | 7.65% |
| Merrill Lynch, Pierce, Fenner, & Smith | $16K | 4.68% |
| Morgan Stanley & Co., Inc. | $10K | 2.85% |
| Sanford C. Bernstein & Co., LLC | $6K | 1.78% |
| Citigroup Global Markets, Inc. | $6K | 1.76% |
| Jefferies Co., Inc. | $4K | 1.11% |
C000110331 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $384.6M | 34.70% |
| Wells Fargo Securities, LLC | $264.2M | 23.83% |
| Citigroup Global Markets, Inc. | $144.9M | 13.08% |
| Barclays Capital, Inc. | $82.0M | 7.40% |
| Merrill Lynch, Pierce, Fenner, & Smith | $71.6M | 6.46% |
| BNY Mellon Capital Markets, LLC | $61.5M | 5.55% |
| J.P. Morgan Securities LLC | $38.4M | 3.46% |
| Scotia Capital (USA) Inc. | $22.0M | 1.99% |
| Goldman Sachs & Co. | $20.6M | 1.85% |
| Jefferies Co., Inc. | $18.5M | 1.67% |
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.