PUNCBAD Fees and Costs — PIMCO Dynamic Bond Portfolio, Advisor Class
Data updated: 2026-08-31
The net expense ratio is 1.16%: a 0.85% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 1001%.
PUNCBAD Fees and Expenses
Annual operating expenses and sales charges of PUNCBAD. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 1.16% |
| Fee waiver | — |
| Net expense ratio | 1.16% |
| 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 |
PUNCBAD Costs Over Time
On $10,000 invested in PUNCBAD, assuming 5% a year before costs, total costs come to $728 over 5 years, cutting the return by 1.23% 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 1.16%) | $122 | $379 | $657 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $728 |
| Value after costs | $10,377 | $11,176 | $12,035 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
PUNCBAD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 1001%
- Securities lending: none during the year
PUNCBAD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $6K | 98.59% |
| Goldman Sachs & Co. | $56 | 0.90% |
| Jefferies Co., Inc. | $28 | 0.45% |
| RBC Capital Markets Corp. | $3 | 0.05% |
| Cowen & Co. | $0 | 0.00% |
PUNCBAD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities, Inc. | $1.9B | 40.97% |
| J.P. Morgan Securities LLC | $484.5M | 10.42% |
| Goldman Sachs & Co. | $479.0M | 10.30% |
| Barclays Capital, Inc. | $461.8M | 9.93% |
| Merrill Lynch, Pierce, Fenner, & Smith | $337.2M | 7.25% |
| Morgan Stanley & Co., Inc. | $300.2M | 6.45% |
| BNP Paribas Securities Corp. | $277.6M | 5.97% |
| Citigroup Global Markets, Inc. | $192.5M | 4.14% |
| Mizuho Securities USA, Inc. | $142.6M | 3.07% |
| BMO Capital Markets Corp. | $70.1M | 1.51% |
PIMCO Dynamic Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PVUCBPA | Institutional Class | 0.91% | — |
| PUNCBDA | Administrative Class | 1.06% | — |
| PUNCBAD | Advisor Class | 1.16% | — |
| PUNCBAM | Class M | 1.36% | — |
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.