MFUS Fees and Costs — PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF
Data updated: 2026-09-14
The net expense ratio is 0.29%: a 0.29% 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 $16K in broker commissions, 0.0073% of average net assets, and portfolio turnover was 40%.
MFUS Fees and Expenses
Annual operating expenses and sales charges of MFUS. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.29% |
| 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 |
MFUS Costs Over Time
On $10,000 invested in MFUS, assuming 5% a year before costs, total costs come to $189 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $189 |
| Value after costs | $10,469 | $11,473 | $12,574 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
MFUS 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): 0.0073%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $197.2M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
MFUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 40.10% |
| UBS Securities LLC | $4K | 26.96% |
| Goldman Sachs & Co. LLC | $4K | 22.78% |
| Barclays Capital Inc. | $973 | 5.98% |
| Nomura Securities International, Inc. | $274 | 1.68% |
| Jefferies LLC | $204 | 1.25% |
| BofA Securities, Inc. | $97 | 0.59% |
| Morgan Stanley & Co. LLC | $47 | 0.29% |
| BNY Capital Markets, LLC | $40 | 0.25% |
| Mizuho Securities USA LLC | $20 | 0.12% |
MFUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $111.0M | 56.27% |
| RBC Capital Markets, LLC | $64.1M | 32.49% |
| State Street Bank and Trust Company | $22.2M | 11.24% |
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.