PCDAX Fees and Costs — PIMCO California Short Duration Municipal Income Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 0.73%: a 0.48% management fee plus a 0.25% 12b-1 fee. This share class carries a maximum front-end sales load of 2.25% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $21 in broker commissions, and portfolio turnover was 47%.
PCDAX Fees and Expenses
Annual operating expenses and sales charges of PCDAX. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PCDAX Costs Over Time
On $10,000 invested in PCDAX, assuming 5% a year before costs, total costs come to $736 over 5 years, cutting the return by 1.24% 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 |
| Sales charges | $327 | $225 | $225 |
| Fund expenses (net expense ratio 0.73%) | $75 | $234 | $408 |
| Lost growth on money paid in costs | $11 | $47 | $103 |
| Total costs | $413 | $506 | $736 |
| Value after costs | $10,087 | $11,070 | $12,027 |
| Impact on return, per year | 4.13% | 1.55% | 1.24% |
PCDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $21
- Bought from dealers (principal trades, not a cost): $615.4M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
PCDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BGC Financial, L.P. | $21 | 100.00% |
PCDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $321.9M | 54.41% |
| State Street Bank and Trust Company | $89.4M | 15.12% |
| J.P. Morgan Securities LLC | $48.3M | 8.16% |
| BofA Securities, Inc. | $43.8M | 7.40% |
| BNY Capital Markets, LLC | $20.7M | 3.49% |
| Wells Fargo Securities, LLC | $18.0M | 3.04% |
| Goldman Sachs & Co. LLC | $17.6M | 2.98% |
| Morgan Stanley & Co. LLC | $13.0M | 2.20% |
| Barclays Capital Inc. | $12.3M | 2.08% |
| Stifel, Nicolaus & Company, Incorporated | $6.6M | 1.12% |
PIMCO California Short Duration Municipal Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PCDIX | Institutional Class | 0.33% | none |
| PCDPX | Class I-2 | 0.43% | none |
| PCDAX | Class A | 0.73% | 2.25% |
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.