GCMVX Fees and Costs — PIMCO California Municipal Intermediate Value Fund, Institutional Class
Data updated: 2025-11-26
The net expense ratio is 0.39% (0.50% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 24%.
GCMVX Fees and Expenses
Annual operating expenses and sales charges of GCMVX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GCMVX Costs Over Time
On $10,000 invested in GCMVX, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
GCMVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $18.4M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
GCMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $6.8M | 41.44% |
| BNY Mellon Capital Markets, LLC | $2.5M | 15.20% |
| Stifel, Nicolaus & Company, Inc. | $1.6M | 9.96% |
| Southwest Securities Group, Inc. | $1.4M | 8.44% |
| Barclays Capital, Inc. | $896K | 5.48% |
| Oppenheimer & Co., Inc. | $801K | 4.90% |
| RBC Capital Markets Corp. | $676K | 4.14% |
| ICE SECURITIES EXECUTION & CLEARING, LLC | $606K | 3.71% |
| Sterne, Agee & Leach, Inc. | $587K | 3.60% |
| National Financial Services LLC | $513K | 3.14% |
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.