GNMFX Fees and Costs — PIMCO National 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 13%.
GNMFX Fees and Expenses
Annual operating expenses and sales charges of GNMFX. 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 |
GNMFX Costs Over Time
On $10,000 invested in GNMFX, 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% |
GNMFX 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): $254.6M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
GNMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $141.3M | 60.10% |
| BNY Capital Markets, LLC | $24.5M | 10.44% |
| State Street Bank and Trust Company | $20.3M | 8.65% |
| J.P. Morgan Securities LLC | $15.1M | 6.42% |
| Wells Fargo Securities, LLC | $7.9M | 3.36% |
| UBS Securities LLC | $6.4M | 2.72% |
| Wedbush Securities Inc. | $6.1M | 2.59% |
| Hilltop Securities Inc. | $5.7M | 2.44% |
| Stifel, Nicolaus & Company, Incorporated | $3.9M | 1.67% |
| Oppenheimer & Co. Inc. | $3.8M | 1.61% |
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.