PIINCAM Fees and Costs — PIMCO Income Portfolio, Administrative Class
Data updated: 2026-08-31
The net expense ratio is 0.92%: a 0.65% management fee, a 0.15% 12b-1 fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $47K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 604%.
PIINCAM Fees and Expenses
Annual operating expenses and sales charges of PIINCAM. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.92% |
| Fee waiver | — |
| Net expense ratio | 0.92% |
| 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 |
PIINCAM Costs Over Time
On $10,000 invested in PIINCAM, assuming 5% a year before costs, total costs come to $579 over 5 years, cutting the return by 0.97% 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 0.92%) | $97 | $302 | $524 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $579 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
PIINCAM 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): 0.0049%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $20.1B
- Portfolio turnover (prospectus): 604%
- Securities lending: none during the year
PIINCAM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $47K | 99.95% |
| BGC Financial, L.P. | $12 | 0.03% |
| RBC Capital Markets Corp. | $11 | 0.02% |
PIINCAM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner, & Smith | $7.1B | 36.01% |
| Barclays Capital, Inc. | $4.3B | 21.73% |
| Goldman Sachs & Co. | $3.5B | 17.92% |
| Citigroup Global Markets, Inc. | $2.2B | 11.23% |
| Mizuho Securities USA, Inc. | $995.5M | 5.08% |
| Regions Bank | $507.4M | 2.59% |
| BNP Paribas Securities Corp. | $403.5M | 2.06% |
| BMO Capital Markets Corp. | $294.0M | 1.50% |
| State Street Global Markets, LLC | $210.7M | 1.07% |
| Nomura Securities International Inc. | $160.4M | 0.82% |
PIMCO Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PIINCIS | Institutional Class | 0.77% | — |
| PIINCAM | Administrative Class | 0.92% | — |
| PIINCAV | Advisor Class | 1.02% | — |
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.