GNMVX Fees and Costs — PIMCO National 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 22%.
GNMVX Fees and Expenses
Annual operating expenses and sales charges of GNMVX. 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 |
GNMVX Costs Over Time
On $10,000 invested in GNMVX, 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% |
GNMVX 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): $87.2M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
GNMVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $21.2M | 27.85% |
| State Street Global Markets, LLC | $15.2M | 19.97% |
| J.P. Morgan Securities LLC | $8.7M | 11.49% |
| Merrill Lynch, Pierce, Fenner, & Smith | $8.2M | 10.76% |
| Raymond James & Associates, Inc. | $6.9M | 9.07% |
| Goldman Sachs & Co. | $3.8M | 4.95% |
| Stifel, Nicolaus & Company, Inc. | $3.6M | 4.70% |
| Jefferies Co., Inc. | $2.9M | 3.79% |
| RBC Capital Markets Corp. | $2.8M | 3.74% |
| Morgan Stanley & Co., Inc. | $2.8M | 3.66% |
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.