PELAX Fees and Costs — PIMCO Emerging Markets Local Currency and Bond Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 2.00%: a 1.05% management fee, a 0.25% 12b-1 fee plus 0.70% other expenses. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $37K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 212%.
PELAX Fees and Expenses
Annual operating expenses and sales charges of PELAX. Prospectus, as of October 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 2.00% |
| Fee waiver | — |
| Net expense ratio | 2.00% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PELAX Costs Over Time
On $10,000 invested in PELAX, assuming 5% a year before costs, total costs come to $1,660 over 5 years, cutting the return by 2.89% 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 | $474 | $375 | $375 |
| Fund expenses (net expense ratio 2.00%) | $202 | $624 | $1,071 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $19 | $90 | $213 |
| Total costs | $695 | $1,090 | $1,660 |
| Value after costs | $9,805 | $10,486 | $11,103 |
| Impact on return, per year | 6.95% | 3.40% | 2.89% |
PELAX 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): 0.0015%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $13.3B
- Portfolio turnover (prospectus): 212%
- Securities lending: none during the year
PELAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $31K | 82.84% |
| Morgan Stanley & Co. LLC | $6K | 17.16% |
PELAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $4.7B | 40.12% |
| Goldman Sachs & Co. LLC | $2.0B | 16.98% |
| State Street Bank and Trust Company | $950.5M | 8.17% |
| Standard Chartered Securities (North America) LLC | $913.8M | 7.85% |
| BofA Securities, Inc. | $797.5M | 6.85% |
| Citigroup Global Markets Inc. | $602.5M | 5.18% |
| J.P. Morgan Securities LLC | $572.7M | 4.92% |
| Deutsche Bank Securities Inc. | $412.6M | 3.54% |
| HSBC Securities (USA) Inc. | $379.7M | 3.26% |
| Santander Securities LLC | $364.2M | 3.13% |
PIMCO Emerging Markets Local Currency and Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PELBX | Institutional Class | 1.60% | none |
| PELPX | Class I-2 | 1.70% | none |
| PELNX | Class I-3 | 1.75% | none |
| PELAX | Class A | 2.00% | 3.75% |
| PELCX | Class C | 2.75% | none |
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.