PFDNX Fees and Costs — PIMCO Preferred and Capital Securities Fund
Data updated: 2026-08-31
The net expense ratio is 1.15% (1.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $40K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 49%.
PFDNX Fees and Expenses
Annual operating expenses and sales charges of PFDNX. Prospectus, as of July 31, 2017.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PFDNX Costs Over Time
On $10,000 invested in PFDNX, assuming 5% a year before costs, total costs come to $720 over 5 years, cutting the return by 1.21% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $397 | $720 |
| Value after costs | $10,379 | $11,180 | $12,043 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
PFDNX 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): 0.0050%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
PFDNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $35K | 87.26% |
| Goldman Sachs & Co. LLC | $5K | 12.74% |
PFDNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $877.7M | 64.29% |
| State Street Bank and Trust Company | $101.3M | 7.42% |
| BNP Paribas Securities Corp. | $72.0M | 5.27% |
| Barclays Capital Inc. | $66.6M | 4.88% |
| BNY Capital Markets, LLC | $49.7M | 3.64% |
| Morgan Stanley & Co. LLC | $49.5M | 3.62% |
| BofA Securities, Inc. | $45.7M | 3.35% |
| J.P. Morgan Securities LLC | $41.4M | 3.03% |
| Goldman Sachs & Co. LLC | $31.9M | 2.33% |
| Citigroup Global Markets Inc. | $29.4M | 2.16% |
PIMCO Preferred and Capital Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFINX | Institutional Class | 1.13% | none |
| PFDNX | C000152876 | 1.15% | none |
| PFPNX | Class I-2 | 1.23% | none |
| PFNNX | Class I-3 | 1.28% | none |
| PFANX | Class A | 1.48% | 3.75% |
| PFCJX | Class C | 2.23% | 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.