PDAVX Fees and Costs — PineBridge Dynamic Asset Allocation Fund, Investor Servicing
Data updated: 2026-09-29
The net expense ratio is 0.92% (1.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $130K in broker commissions, 0.1073% of average net assets, and portfolio turnover was 133%.
PDAVX Fees and Expenses
Annual operating expenses and sales charges of PDAVX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.63% |
| Gross expense ratio | 1.40% |
| Fee waiver | −0.48% |
| Net expense ratio | 0.92% |
| 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 |
PDAVX Costs Over Time
On $10,000 invested in PDAVX, assuming 5% a year before costs, total costs come to $642 over 5 years, cutting the return by 1.08% 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 0.92%) | $97 | $301 | $522 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $353 | $642 |
| Value after costs | $10,392 | $11,223 | $12,121 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
PDAVX 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): 0.1073%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): $412.8M
- Portfolio turnover (prospectus): 133%
- Securities lending: none during the year
PDAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ISI GROUP, INC. | $30K | 23.65% |
| BAML | $26K | 20.45% |
| MORGAN STANLEY & CO, INC | $22K | 17.54% |
| GOLDMAN, SACHS & CO. | $14K | 10.69% |
| JEFFERIES LLC | $9K | 7.13% |
| SANFORD C. BERNSTEIN & CO., LLC | $9K | 7.10% |
| J P MORGAN CHASE BANK | $8K | 6.32% |
| CITIGROUP | $5K | 4.17% |
| UBS SECURITIES | $3K | 2.51% |
| SMBC NIKKO SECURITIES AMERICA, INC | $536 | 0.42% |
PDAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL | $21.7M | 25.26% |
| HSBC | $13.8M | 16.01% |
| CITIGROUP | $12.8M | 14.85% |
| MORGAN STANLEY & CO, INC | $11.2M | 12.98% |
| CITADEL SECURITIES | $7.4M | 8.65% |
| CITADEL | $6.8M | 7.86% |
| CIBC | $4.5M | 5.17% |
| MONTGOMERY/BANK OF AMERICA | $3.9M | 4.56% |
| NOMURA | $2.5M | 2.91% |
| BAML | $1.5M | 1.75% |
PineBridge Dynamic Asset Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDAIX | Institutional Class | 0.77% | — |
| PDAVX | Investor Servicing | 0.92% | — |
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.