PMZAX Fees and Costs — PIMCO Mortgage Opportunities and Bond Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 2.54%: a 0.75% management fee, a 0.25% 12b-1 fee plus 1.54% 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 $187K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 1239%.
PMZAX Fees and Expenses
Annual operating expenses and sales charges of PMZAX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.54% |
| Gross expense ratio | 2.54% |
| Fee waiver | — |
| Net expense ratio | 2.54% |
| 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 |
PMZAX Costs Over Time
On $10,000 invested in PMZAX, assuming 5% a year before costs, total costs come to $1,962 over 5 years, cutting the return by 3.45% 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 | $473 | $375 | $375 |
| Fund expenses (net expense ratio 2.54%) | $257 | $788 | $1,345 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $19 | $99 | $242 |
| Total costs | $749 | $1,262 | $1,962 |
| Value after costs | $9,751 | $10,314 | $10,801 |
| Impact on return, per year | 7.49% | 3.96% | 3.45% |
PMZAX 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): 0.0015%
- Total broker commissions: $187K
- Bought from dealers (principal trades, not a cost): $652.1B
- Portfolio turnover (prospectus): 1239%
- Securities lending: none during the year
PMZAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $171K | 91.40% |
| J.P. Morgan Securities LLC | $12K | 6.31% |
| Wells Fargo Securities, LLC | $4K | 2.21% |
| BGC Financial, L.P. | $77 | 0.04% |
| RBC Capital Markets, LLC | $66 | 0.04% |
PMZAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $145.5B | 22.72% |
| J.P. Morgan Securities LLC | $106.4B | 16.62% |
| BofA Securities, Inc. | $103.8B | 16.22% |
| Goldman Sachs & Co. LLC | $92.7B | 14.47% |
| Barclays Capital Inc. | $64.2B | 10.03% |
| Mizuho Securities USA LLC | $35.6B | 5.56% |
| Wells Fargo Securities, LLC | $33.1B | 5.17% |
| Citigroup Global Markets Inc. | $33.1B | 5.17% |
| Pacific Investment Management Company LLC | $17.1B | 2.67% |
| BMO Capital Markets Corp. | $8.9B | 1.38% |
PIMCO Mortgage Opportunities and 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 |
|---|---|---|---|
| PMZDX | C000118564 | 1.18% | none |
| PMZIX | Institutional Class | 2.14% | none |
| PMZPX | Class I-2 | 2.24% | none |
| PMZNX | Class I-3 | 2.29% | none |
| PMZAX | Class A | 2.54% | 3.75% |
| PMZCX | Class C | 3.29% | 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.