PFRMX Fees and Costs — PIMCO Inflation Response Multi-Asset Fund, Class I-3
Data updated: 2026-08-31
The net expense ratio is 2.10% (2.37% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $469K in broker commissions, 0.0234% of average net assets, and portfolio turnover was 219%.
PFRMX Fees and Expenses
Annual operating expenses and sales charges of PFRMX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.89% |
| 12b-1 fee | — |
| Other expenses | 1.24% |
| Gross expense ratio | 2.37% |
| Fee waiver | −0.27% |
| Net expense ratio | 2.10% |
| 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 |
PFRMX Costs Over Time
On $10,000 invested in PFRMX, assuming 5% a year before costs, total costs come to $1,299 over 5 years, cutting the return by 2.23% 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 2.10%) | $220 | $680 | $1,165 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $223 | $722 | $1,299 |
| Value after costs | $10,277 | $10,854 | $11,464 |
| Impact on return, per year | 2.23% | 2.23% | 2.23% |
PFRMX 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): 0.0234%
- Total broker commissions: $469K
- Bought from dealers (principal trades, not a cost): $86.0B
- Portfolio turnover (prospectus): 219%
- Securities lending: none during the year
PFRMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $262K | 55.89% |
| BofA Securities, Inc. | $200K | 42.74% |
| RBC Capital Markets, LLC | $3K | 0.55% |
| J.P. Morgan Securities LLC | $870 | 0.19% |
| Barclays Capital Inc. | $743 | 0.16% |
| BNP Paribas Securities Corp. | $715 | 0.15% |
| Jefferies LLC | $543 | 0.12% |
| Goldman Sachs & Co. LLC | $487 | 0.10% |
| Wells Fargo Securities, LLC | $258 | 0.06% |
| Nomura Securities International, Inc. | $212 | 0.05% |
PFRMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $41.0B | 49.25% |
| State Street Global Markets, LLC | $20.3B | 24.36% |
| Deutsche Bank Securities Inc. | $7.4B | 8.91% |
| Morgan Stanley & Co. LLC | $3.5B | 4.26% |
| J.P. Morgan Securities LLC | $3.5B | 4.23% |
| Goldman Sachs & Co. LLC | $3.1B | 3.77% |
| Pacific Investment Management Company LLC | $1.4B | 1.69% |
| UBS Securities LLC | $1.3B | 1.54% |
| State Street Bank and Trust Company | $940.1M | 1.13% |
| BNP Paribas Securities Corp. | $703.9M | 0.85% |
PIMCO Inflation Response Multi-Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDRMX | C000103228 | 1.31% | none |
| PIRMX | Institutional Class | 1.95% | none |
| PCRMX | C000103230 | 2.03% | none |
| PPRMX | Class I-2 | 2.05% | none |
| PFRMX | Class I-3 | 2.10% | none |
| PZRMX | Class A | 2.40% | 5.50% |
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.