PHMIX Fees and Costs — PIMCO High Yield Municipal Bond Fund, Institutional Class
Data updated: 2026-09-11
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0001% of average net assets, and portfolio turnover was 21%.
PHMIX Fees and Expenses
Annual operating expenses and sales charges of PHMIX. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
PHMIX Costs Over Time
On $10,000 invested in PHMIX, assuming 5% a year before costs, total costs come to $347 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $347 |
| Value after costs | $10,442 | $11,386 | $12,416 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
PHMIX 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): 0.0001%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $12.1B
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
PHMIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 100.00% |
PHMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pacific Investment Management Company LLC | $5.4B | 47.19% |
| State Street Bank and Trust Company | $1.6B | 14.08% |
| BofA Securities, Inc. | $896.6M | 7.78% |
| J.P. Morgan Securities LLC | $765.7M | 6.65% |
| Jefferies LLC | $722.0M | 6.27% |
| Wells Fargo Securities, LLC | $583.7M | 5.07% |
| BNY Capital Markets, LLC | $546.9M | 4.75% |
| Morgan Stanley & Co. LLC | $485.7M | 4.22% |
| Goldman Sachs & Co. LLC | $261.9M | 2.27% |
| RBC Capital Markets, LLC | $200.5M | 1.74% |
PIMCO High Yield Municipal Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PHMIX | Institutional Class | 0.55% | none |
| PYMPX | Class I-2 | 0.65% | none |
| PYMNX | Class I-3 | 0.70% | none |
| PYMAX | Class A | 0.85% | 2.25% |
| PYMCX | Class C | 1.60% | 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.