PKAAX Fees and Costs — PIMCO RAE US Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 0.80%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 3.75% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $76K in broker commissions, 0.0056% of average net assets, and portfolio turnover was 57%.
PKAAX Fees and Expenses
Annual operating expenses and sales charges of PKAAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.81% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PKAAX Costs Over Time
On $10,000 invested in PKAAX, assuming 5% a year before costs, total costs come to $966 over 5 years, cutting the return by 1.64% 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 |
| Sales charges | $475 | $375 | $375 |
| Fund expenses (net expense ratio 0.80%) | $81 | $253 | $439 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $19 | $72 | $148 |
| Total costs | $575 | $701 | $966 |
| Value after costs | $9,925 | $10,875 | $11,797 |
| Impact on return, per year | 5.75% | 2.16% | 1.64% |
PKAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0056%
- Total broker commissions: $76K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $13.2M
- Net income from securities lending: $1.2M (0.086% of average net assets)
PKAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $18K | 24.27% |
| RBC Capital Markets, LLC | $16K | 21.06% |
| Morgan Stanley & Co. LLC | $14K | 18.96% |
| J.P. Morgan Securities LLC | $10K | 13.88% |
| Jefferies LLC | $8K | 10.90% |
| Barclays Capital Inc. | $3K | 3.89% |
| Citigroup Global Markets Inc. | $2K | 2.30% |
| Goldman Sachs & Co. LLC | $2K | 2.23% |
| Wells Fargo Securities, LLC | $1K | 1.94% |
| BofA Securities, Inc. | $426 | 0.57% |
PKAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1.3B | 66.83% |
| Pacific Investment Management Company LLC | $471.9M | 24.11% |
| State Street Bank and Trust Company | $177.3M | 9.06% |
PIMCO RAE US Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PKAIX | Institutional Class | 0.40% | none |
| PKAPX | Class I-2 | 0.50% | none |
| PKAAX | Class A | 0.80% | 3.75% |
| PKACX | Class C | 1.56% | 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.