PMBS Fees and Costs — PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.71%: a 0.40% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 257%.
PMBS Fees and Expenses
Annual operating expenses and sales charges of PMBS. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.31% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PMBS Costs Over Time
On $10,000 invested in PMBS, assuming 5% a year before costs, total costs come to $447 over 5 years, cutting the return by 0.75% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $447 |
| Value after costs | $10,425 | $11,331 | $12,316 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
PMBS 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): 0.0002%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $47.7B
- Portfolio turnover (prospectus): 257%
- Securities lending: none during the year
PMBS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 100.00% |
PMBS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $9.5B | 20.21% |
| Goldman Sachs & Co. LLC | $7.6B | 16.14% |
| BofA Securities, Inc. | $7.6B | 16.12% |
| Citigroup Global Markets Inc. | $6.6B | 14.12% |
| J.P. Morgan Securities LLC | $5.8B | 12.41% |
| Barclays Capital Inc. | $3.5B | 7.53% |
| Wells Fargo Securities, LLC | $2.4B | 5.16% |
| Deutsche Bank Securities Inc. | $2.1B | 4.55% |
| Mizuho Securities USA LLC | $1.2B | 2.56% |
| BNP Paribas Securities Corp. | $564.7M | 1.20% |
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.