LONZ Fees and Costs — PIMCO Senior Loan Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.63%: a 0.70% management fee plus 0.03% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 81%.
LONZ Fees and Expenses
Annual operating expenses and sales charges of LONZ. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.63% |
| 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 |
LONZ Costs Over Time
On $10,000 invested in LONZ, assuming 5% a year before costs, total costs come to $397 over 5 years, cutting the return by 0.66% 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 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $397 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
LONZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0004%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $25.0B
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
LONZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2K | 98.42% |
| BGC Financial, L.P. | $26 | 1.31% |
| Cantor Fitzgerald & Co. | $6 | 0.27% |
LONZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $15.2B | 61.13% |
| Citigroup Global Markets Inc. | $6.2B | 24.85% |
| BNP Paribas Securities Corp. | $1.2B | 4.82% |
| State Street Bank and Trust Company | $799.7M | 3.21% |
| Goldman Sachs & Co. LLC | $659.5M | 2.65% |
| Barclays Capital Inc. | $382.4M | 1.54% |
| J.P. Morgan Securities LLC | $258.7M | 1.04% |
| Morgan Stanley & Co. LLC | $95.6M | 0.38% |
| TD Securities (USA) LLC | $55.0M | 0.22% |
| Wells Fargo Securities, LLC | $38.8M | 0.16% |
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.