PRFD Fees and Costs — PIMCO Preferred and Capital Securities Active Exchange-Traded Fund
Data updated: 2026-09-14
The net expense ratio is 0.73%: a 0.84% management fee plus 0.04% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 42%.
PRFD Fees and Expenses
Annual operating expenses and sales charges of PRFD. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PRFD Costs Over Time
On $10,000 invested in PRFD, assuming 5% a year before costs, total costs come to $462 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $462 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
PRFD 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): 0.0043%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
PRFD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $7K | 81.08% |
| Goldman Sachs & Co. LLC | $2K | 18.49% |
| SG Americas Securities, LLC | $38 | 0.43% |
PRFD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $652.5M | 48.43% |
| BofA Securities, Inc. | $328.2M | 24.36% |
| Goldman Sachs & Co. LLC | $198.4M | 14.73% |
| State Street Bank and Trust Company | $81.7M | 6.07% |
| BNY Capital Markets, LLC | $26.6M | 1.97% |
| Morgan Stanley & Co. LLC | $16.2M | 1.21% |
| Wells Fargo Securities, LLC | $16.2M | 1.20% |
| UBS Securities LLC | $10.8M | 0.80% |
| J.P. Morgan Securities LLC | $9.7M | 0.72% |
| Citigroup Global Markets Inc. | $6.8M | 0.50% |
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.