PVEMBPA Fees and Costs — PIMCO Emerging Markets Bond Portfolio, Institutional Class
Data updated: 2026-08-31
The net expense ratio is 1.02%: a 0.85% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0033% of average net assets, and portfolio turnover was 67%.
PVEMBPA Fees and Expenses
Annual operating expenses and sales charges of PVEMBPA. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.17% |
| Gross expense ratio | 1.02% |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| 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 |
PVEMBPA Costs Over Time
On $10,000 invested in PVEMBPA, assuming 5% a year before costs, total costs come to $640 over 5 years, cutting the return by 1.07% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $352 | $640 |
| Value after costs | $10,393 | $11,224 | $12,123 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
PVEMBPA 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): 0.0033%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $343.8M
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
PVEMBPA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner, & Smith | $7K | 99.97% |
| BGC Financial, L.P. | $2 | 0.03% |
PVEMBPA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $47.3M | 16.10% |
| Barclays Capital, Inc. | $43.8M | 14.89% |
| J.P. Morgan Securities LLC | $40.5M | 13.78% |
| Morgan Stanley & Co., Inc. | $36.3M | 12.36% |
| Citigroup Global Markets, Inc. | $28.4M | 9.66% |
| Merrill Lynch, Pierce, Fenner, & Smith | $27.6M | 9.40% |
| BNP Paribas Securities Corp. | $22.9M | 7.79% |
| Mizuho Securities USA, Inc. | $19.1M | 6.49% |
| BNY Mellon Capital Markets, LLC | $18.3M | 6.21% |
| Nomura Securities International Inc. | $9.7M | 3.31% |
PIMCO Emerging Markets 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 |
|---|---|---|---|
| PVEMBPA | Institutional Class | 1.02% | — |
| VPVEMDV | Administrative Class | 1.17% | — |
| VPVEMVV | Advisor Class | 1.27% | — |
| PVEMBPM | Class M | 1.47% | — |
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.