PCMM Fees and Costs — BondBloxx Private Credit CLO ETF
Data updated: 2026-09-25
The net expense ratio is 0.68%. There are no sales loads or redemption fees.
PCMM Fees and Expenses
Annual operating expenses and sales charges of PCMM. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PCMM Costs Over Time
On $10,000 invested in PCMM, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.68%) | $71 | $224 | $389 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,335 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
PCMM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $192.4M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
PCMM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Scotia Capital (USA) Inc. | $57.1M | 32.41% |
| SMBC Nikko Securities America, Inc. | $42.1M | 23.90% |
| Sg Americas Securities, Llc | $14.2M | 8.08% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $13.9M | 7.87% |
| NATIXIS NORTH AMERICA LLC | $13.2M | 7.51% |
| Wells Fargo Securities LLC | $11.6M | 6.61% |
| DEUTSCHE BANK SECURITIES INC. | $9.4M | 5.34% |
| BNP Paribas Securities Corp. | $6.0M | 3.42% |
| ROYAL BANK OF CANADA | $5.0M | 2.86% |
| J.P. MORGAN SECURITIES LLC | $3.5M | 2.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.