PGAIX Fees and Costs — PIMCO Global Core Asset Allocation Fund, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 1.11% (1.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $33K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 594%.
PGAIX Fees and Expenses
Annual operating expenses and sales charges of PGAIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.11% |
| 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 | No |
PGAIX Costs Over Time
On $10,000 invested in PGAIX, assuming 5% a year before costs, total costs come to $699 over 5 years, cutting the return by 1.18% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $699 |
| Value after costs | $10,382 | $11,191 | $12,063 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
PGAIX 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): 0.0108%
- Total broker commissions: $33K
- Bought from dealers (principal trades, not a cost): $3.4B
- Portfolio turnover (prospectus): 594%
- Securities lending: none during the year
PGAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $16K | 48.96% |
| Morgan Stanley & Co. LLC | $11K | 34.80% |
| RBC Capital Markets, LLC | $2K | 6.04% |
| J.P. Morgan Securities LLC | $1K | 3.09% |
| Goldman Sachs & Co. LLC | $998 | 3.04% |
| Citigroup Global Markets Inc. | $436 | 1.33% |
| Wells Fargo Securities, LLC | $323 | 0.98% |
| BNP Paribas Securities Corp. | $210 | 0.64% |
| UBS Securities LLC | $199 | 0.61% |
| Barclays Capital Inc. | $167 | 0.51% |
PGAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $620.0M | 18.90% |
| Pacific Investment Management Company LLC | $500.2M | 15.25% |
| J.P. Morgan Securities LLC | $427.8M | 13.04% |
| Morgan Stanley & Co. LLC | $426.9M | 13.02% |
| Barclays Capital Inc. | $375.2M | 11.44% |
| BofA Securities, Inc. | $341.4M | 10.41% |
| State Street Bank and Trust Company | $185.4M | 5.65% |
| Citigroup Global Markets Inc. | $171.8M | 5.24% |
| BMO Capital Markets Corp. | $143.6M | 4.38% |
| BNP Paribas Securities Corp. | $87.4M | 2.66% |
PIMCO Global Core 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 |
|---|---|---|---|
| PGAIX | Institutional Class | 1.11% | none |
| PGAPX | Class I-2 | 1.21% | none |
| PGMAX | Class A | 1.56% | 5.50% |
| PGMCX | Class C | 2.31% | 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.