MINO Fees and Costs — PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.39% (0.49% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 47%.
MINO Fees and Expenses
Annual operating expenses and sales charges of MINO. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.49% |
| Fee waiver | −0.10% |
| 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 |
MINO Costs Over Time
On $10,000 invested in MINO, 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 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| 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% |
MINO 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): 0.0002%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $10.4B
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
MINO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $956 | 93.62% |
| BGC Financial, L.P. | $51 | 4.98% |
| Wells Fargo Securities, LLC | $14 | 1.40% |
MINO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $6.6B | 63.98% |
| BofA Securities, Inc. | $2.6B | 25.60% |
| BNY Capital Markets, LLC | $469.6M | 4.56% |
| State Street Bank and Trust Company | $243.1M | 2.36% |
| J.P. Morgan Securities LLC | $85.5M | 0.83% |
| Morgan Stanley & Co. LLC | $65.5M | 0.64% |
| Barclays Capital Inc. | $58.1M | 0.56% |
| RBC Capital Markets, LLC | $56.1M | 0.54% |
| Wells Fargo Securities, LLC | $49.4M | 0.48% |
| Jefferies LLC | $46.9M | 0.46% |
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.