MFDX Fees and Costs — PIMCO RAFI Dynamic Multi-Factor International Equity ETF
Data updated: 2026-09-14
The net expense ratio is 0.39%: a 0.39% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $77K in broker commissions, 0.0189% of average net assets, and portfolio turnover was 37%.
MFDX Fees and Expenses
Annual operating expenses and sales charges of MFDX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.01% |
| 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 |
MFDX Costs Over Time
On $10,000 invested in MFDX, assuming 5% a year before costs, total costs come to $259 over 5 years, cutting the return by 0.43% 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 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $141 | $259 |
| Value after costs | $10,457 | $11,435 | $12,504 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
MFDX 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): 0.0189%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $88.1M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
MFDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $31K | 40.48% |
| Nomura Securities International, Inc. | $22K | 28.12% |
| Citigroup Global Markets Inc. | $18K | 23.22% |
| J.P. Morgan Securities LLC | $2K | 2.99% |
| RBC Capital Markets, LLC | $1K | 1.83% |
| Jefferies LLC | $1K | 1.77% |
| Goldman Sachs & Co. LLC | $781 | 1.01% |
| UBS Securities LLC | $236 | 0.31% |
| BofA Securities, Inc. | $127 | 0.16% |
| Mizuho Securities USA LLC | $83 | 0.11% |
MFDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $60.1M | 68.68% |
| BofA Securities, Inc. | $20.8M | 23.73% |
| UBS Securities LLC | $6.6M | 7.59% |
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.