PQTPX Fees and Costs — PIMCO TRENDS Managed Futures Strategy Fund, Class I-2
Data updated: 2026-08-31
The net expense ratio is 2.46% (2.67% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.0M in broker commissions, 0.1233% of average net assets, and portfolio turnover was 637%.
PQTPX Fees and Expenses
Annual operating expenses and sales charges of PQTPX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | — |
| Other expenses | 0.96% |
| Gross expense ratio | 2.67% |
| Fee waiver | −0.21% |
| Net expense ratio | 2.46% |
| 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 | Yes |
PQTPX Costs Over Time
On $10,000 invested in PQTPX, assuming 5% a year before costs, total costs come to $1,566 over 5 years, cutting the return by 2.71% 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 2.46%) | $258 | $793 | $1,352 |
| Trading costs (broker commissions) | $13 | $40 | $68 |
| Lost growth on money paid in costs | $0 | $42 | $146 |
| Total costs | $271 | $874 | $1,566 |
| Value after costs | $10,229 | $10,702 | $11,197 |
| Impact on return, per year | 2.71% | 2.71% | 2.71% |
PQTPX 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): 0.1233%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $77.5B
- Portfolio turnover (prospectus): 637%
- Securities lending: none during the year
PQTPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $1.6M | 83.99% |
| Morgan Stanley & Co. LLC | $249K | 12.76% |
| Wells Fargo Securities, LLC | $33K | 1.67% |
| Barclays Capital Inc. | $30K | 1.55% |
| State Street Bank and Trust Company | $673 | 0.03% |
PQTPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $47.9B | 63.80% |
| J.P. Morgan Securities LLC | $7.7B | 10.28% |
| BofA Securities, Inc. | $6.6B | 8.78% |
| Morgan Stanley & Co. LLC | $4.1B | 5.50% |
| Wells Fargo Securities, LLC | $3.0B | 4.04% |
| Barclays Capital Inc. | $1.6B | 2.09% |
| Pacific Investment Management Company LLC | $1.4B | 1.87% |
| BMO Capital Markets Corp. | $1.2B | 1.59% |
| BNY Capital Markets, LLC | $843.9M | 1.12% |
| BNP Paribas Securities Corp. | $702.9M | 0.94% |
PIMCO TRENDS Managed Futures Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PQTIX | Institutional Class | 2.36% | none |
| PQTPX | Class I-2 | 2.46% | none |
| PQTNX | Class I-3 | 2.51% | none |
| PQTAX | Class A | 2.76% | 5.50% |
| PQTCX | Class C | 3.51% | 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.