PGASADM Fees and Costs — PIMCO Global Core Bond (Hedged) Portfolio, Administrative Class
Data updated: 2026-08-31
The net expense ratio is 1.13%: a 0.56% management fee, a 0.15% 12b-1 fee plus 0.42% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 646%.
PGASADM Fees and Expenses
Annual operating expenses and sales charges of PGASADM. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PGASADM Costs Over Time
On $10,000 invested in PGASADM, assuming 5% a year before costs, total costs come to $709 over 5 years, cutting the return by 1.19% 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 1.13%) | $119 | $370 | $640 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $390 | $709 |
| Value after costs | $10,381 | $11,186 | $12,054 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
PGASADM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 646%
- Securities lending: none during the year
PGASADM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $5K | 99.38% |
| Merrill Lynch, Pierce, Fenner, & Smith | $34 | 0.62% |
PGASADM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $337.2M | 18.54% |
| Merrill Lynch, Pierce, Fenner, & Smith | $279.5M | 15.37% |
| Morgan Stanley & Co., Inc. | $278.8M | 15.33% |
| Goldman Sachs & Co. | $256.6M | 14.11% |
| J.P. Morgan Securities LLC | $256.2M | 14.09% |
| Mizuho Securities USA, Inc. | $157.5M | 8.66% |
| Citigroup Global Markets, Inc. | $98.3M | 5.40% |
| Scotia Capital (USA) Inc. | $60.8M | 3.34% |
| Deutsche Bank Securities, Inc. | $50.1M | 2.75% |
| BMO Capital Markets Corp. | $43.4M | 2.39% |
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.