PMRIX Fees and Costs — Government & High Quality Bond Fund, Institutional Class
Data updated: 2026-09-25
The net expense ratio is 0.53%: a 0.49% management fee plus 0.09% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees.
PMRIX Fees and Expenses
Annual operating expenses and sales charges of PMRIX. Prospectus, as of March 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.53% |
| 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 | No |
PMRIX Costs Over Time
On $10,000 invested in PMRIX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
PMRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $0
- Net income from securities lending: −$1 (-0.000% of average net assets)
PMRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES LLC | $2.6B | 64.06% |
| GOLDMAN SACHS CO. | $490.4M | 11.86% |
| J.P. MORGAN SECURITIES LLC | $458.5M | 11.09% |
| CITIGROUP GLOBAL MARKETS | $168.2M | 4.07% |
| BMO CAPITAL MARKETS | $93.5M | 2.26% |
| MORGAN STANLEY & CO. LLC. | $88.2M | 2.13% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $59.0M | 1.43% |
| BNP PARIBAS SECURITIES CORP | $52.1M | 1.26% |
| BARCLAYS CAPITAL INC. | $51.1M | 1.24% |
| WELLS FARGO ADVISOR | $24.6M | 0.59% |
Government & High Quality Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PMRIX | Institutional Class | 0.53% | none |
| PMREX | Class R-5 | 0.67% | none |
| CMPGX | Class A | 0.80% | 2.25% |
| PMRJX | Class J | 0.87% | none |
| PRCMX | Class R-3 | 0.98% | 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.