GCMFX Fees and Costs — PIMCO California Municipal Opportunistic Value Fund, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 0.60%. There are no sales loads or redemption fees. Portfolio turnover was 11%.
GCMFX Fees and Expenses
Annual operating expenses and sales charges of GCMFX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GCMFX Costs Over Time
On $10,000 invested in GCMFX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
GCMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $271.2M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
GCMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $174.2M | 66.57% |
| State Street Bank and Trust Company | $25.8M | 9.86% |
| BNY Capital Markets, LLC | $15.6M | 5.94% |
| Morgan Stanley & Co. LLC | $13.0M | 4.96% |
| RBC Capital Markets, LLC | $9.9M | 3.79% |
| BofA Securities, Inc. | $6.6M | 2.50% |
| Stifel, Nicolaus & Company, Incorporated | $5.4M | 2.08% |
| Wells Fargo Securities, LLC | $5.3M | 2.01% |
| Raymond James & Associates, Inc. | $3.1M | 1.20% |
| Stonex Financial Inc. | $2.9M | 1.09% |
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.