C000149434 Fees and Costs — PIMCO Multi-Strategy Alternative Fund, Class I-2
Data updated: 2021-06-10
The net expense ratio is 1.57% (2.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 146%.
C000149434 Fees and Expenses
Annual operating expenses and sales charges of C000149434. Prospectus, as of July 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 2.29% |
| Fee waiver | −0.72% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000149434 Costs Over Time
On $10,000 invested in C000149434, assuming 5% a year before costs, total costs come to $972 over 5 years, cutting the return by 1.65% 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 1.57%) | $165 | $511 | $881 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $25 | $90 |
| Total costs | $165 | $537 | $972 |
| Value after costs | $10,335 | $11,039 | $11,791 |
| Impact on return, per year | 1.65% | 1.65% | 1.65% |
C000149434 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0017%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $458.3M
- Portfolio turnover (prospectus): 146%
- Securities lending: none during the year
C000149434 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $636 | 41.97% |
| Morgan Stanley & Co., Inc. | $635 | 41.93% |
| Goldman Sachs & Co. | $244 | 16.09% |
C000149434 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $300.8M | 66.53% |
| Morgan Stanley & Co., Inc. | $43.9M | 9.71% |
| J.P. Morgan Securities LLC | $26.7M | 5.91% |
| Credit Suisse Securities (USA), LLC | $17.2M | 3.81% |
| Barclays Capital, Inc. | $14.2M | 3.14% |
| Goldman Sachs & Co. | $13.9M | 3.07% |
| Nomura Securities International Inc. | $13.8M | 3.04% |
| Wells Fargo Securities, LLC | $8.8M | 1.96% |
| BNY Mellon Capital Markets, LLC | $7.3M | 1.61% |
| Citigroup Global Markets, Inc. | $5.5M | 1.21% |
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.