PFRAX Fees and Costs — PIMCO International Bond Fund (U.S. Dollar-Hedged), Administrative Class
Data updated: 2026-08-31
The net expense ratio is 0.82%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $900K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 699%.
PFRAX Fees and Expenses
Annual operating expenses and sales charges of PFRAX. Prospectus, as of October 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| 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 |
PFRAX Costs Over Time
On $10,000 invested in PFRAX, assuming 5% a year before costs, total costs come to $518 over 5 years, cutting the return by 0.87% 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 0.82%) | $86 | $269 | $468 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $87 | $284 | $518 |
| Value after costs | $10,413 | $11,292 | $12,245 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
PFRAX 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): 0.0055%
- Total broker commissions: $900K
- Bought from dealers (principal trades, not a cost): $333.7B
- Portfolio turnover (prospectus): 699%
- Securities lending: none during the year
PFRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $819K | 91.03% |
| BNP Paribas Securities Corp. | $60K | 6.65% |
| BofA Securities, Inc. | $21K | 2.32% |
PFRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $64.7B | 20.79% |
| J.P. Morgan Securities LLC | $52.1B | 16.73% |
| Goldman Sachs & Co. LLC | $51.2B | 16.45% |
| BofA Securities, Inc. | $42.0B | 13.50% |
| Barclays Capital Inc. | $31.9B | 10.26% |
| Citigroup Global Markets Inc. | $17.1B | 5.48% |
| Wells Fargo Securities, LLC | $15.1B | 4.85% |
| Mizuho Securities USA LLC | $14.8B | 4.77% |
| Pacific Investment Management Company LLC | $13.7B | 4.41% |
| State Street Global Markets, LLC | $8.6B | 2.76% |
PIMCO International Bond Fund (U.S. Dollar-Hedged) Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFORX | Institutional Class | 0.57% | none |
| PFBPX | Class I-2 | 0.67% | none |
| PFONX | Class I-3 | 0.72% | none |
| PFRAX | Administrative Class | 0.82% | none |
| PFODX | C000026521 | 0.95% | none |
| PFOAX | Class A | 0.97% | 3.75% |
| PFRRX | Class R | 1.22% | none |
| PFOCX | Class C | 1.72% | 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.