PHYDX Fees and Costs — PIMCO High Yield Fund
Data updated: 2026-08-31
The net expense ratio is 0.91%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $174K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 43%.
PHYDX Fees and Expenses
Annual operating expenses and sales charges of PHYDX. Prospectus, as of July 31, 2017.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| 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 |
PHYDX Costs Over Time
On $10,000 invested in PHYDX, assuming 5% a year before costs, total costs come to $572 over 5 years, cutting the return by 0.96% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $572 |
| Value after costs | $10,404 | $11,262 | $12,191 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
PHYDX 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): 0.0022%
- Total broker commissions: $174K
- Bought from dealers (principal trades, not a cost): $66.7B
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
PHYDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $118K | 67.59% |
| Goldman Sachs & Co. LLC | $50K | 28.71% |
| BofA Securities, Inc. | $2K | 1.12% |
| RBC Capital Markets, LLC | $1K | 0.85% |
| BGC Financial, L.P. | $1K | 0.61% |
| State Street Bank and Trust Company | $1K | 0.60% |
| SG Americas Securities, LLC | $914 | 0.52% |
PHYDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $32.1B | 51.50% |
| BofA Securities, Inc. | $13.4B | 21.51% |
| Deutsche Bank Securities Inc. | $4.7B | 7.54% |
| Pacific Investment Management Company LLC | $2.2B | 3.58% |
| Goldman Sachs & Co. LLC | $2.0B | 3.20% |
| J.P. Morgan Securities LLC | $2.0B | 3.14% |
| Barclays Capital Inc. | $1.7B | 2.74% |
| State Street Bank and Trust Company | $1.7B | 2.70% |
| Morgan Stanley & Co. LLC | $1.3B | 2.10% |
| BNP Paribas Securities Corp. | $1.2B | 1.99% |
PIMCO High Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PHIYX | Institutional Class | 0.60% | none |
| PHLPX | Class I-2 | 0.70% | none |
| PHNNX | Class I-3 | 0.75% | none |
| PHYAX | Administrative Class | 0.85% | none |
| PHYDX | C000026551 | 0.91% | none |
| PHDAX | Class A | 0.95% | 3.75% |
| PHYRX | Class R | 1.20% | none |
| PHDCX | Class C | 1.70% | 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.