PLMAX Fees and Costs — PIMCO Emerging Markets Currency and Short-Term Investments Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 1.40%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses. 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 $7K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 168%.
PLMAX Fees and Expenses
Annual operating expenses and sales charges of PLMAX. Prospectus, as of October 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.40% |
| Fee waiver | — |
| Net expense ratio | 1.40% |
| 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 | No |
| Waived fees subject to recoupment | No |
PLMAX Costs Over Time
On $10,000 invested in PLMAX, assuming 5% a year before costs, total costs come to $1,315 over 5 years, cutting the return by 2.26% 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 1.40%) | $141 | $440 | $759 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $19 | $81 | $181 |
| Total costs | $635 | $896 | $1,315 |
| Value after costs | $9,865 | $10,680 | $11,447 |
| Impact on return, per year | 6.35% | 2.78% | 2.26% |
PLMAX 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): 0.0010%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $6.7B
- Portfolio turnover (prospectus): 168%
- Securities lending: none during the year
PLMAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 75.10% |
| Morgan Stanley & Co. LLC | $2K | 24.90% |
PLMAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.0B | 32.34% |
| Deutsche Bank Securities Inc. | $877.0M | 14.29% |
| Pacific Investment Management Company LLC | $687.7M | 11.21% |
| BNP Paribas Securities Corp. | $587.5M | 9.57% |
| State Street Bank and Trust Company | $497.2M | 8.10% |
| ING Financial Markets LLC | $446.6M | 7.28% |
| Goldman Sachs & Co. LLC | $367.6M | 5.99% |
| J.P. Morgan Securities LLC | $342.1M | 5.57% |
| Santander Securities LLC | $197.9M | 3.22% |
| Citigroup Global Markets Inc. | $148.0M | 2.41% |
PIMCO Emerging Markets Currency and Short-Term Investments Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PLMIX | Institutional Class | 1.00% | none |
| PLMPX | Class I-2 | 1.10% | none |
| PLMAX | Class A | 1.40% | 3.75% |
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.