RAFE Fees and Costs — PIMCO Rafi ESG U.s. ETF
Data updated: 2026-09-14
The net expense ratio is 0.29%: a 0.29% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 22%.
RAFE Fees and Expenses
Annual operating expenses and sales charges of RAFE. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.29% |
| 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 |
RAFE Costs Over Time
On $10,000 invested in RAFE, assuming 5% a year before costs, total costs come to $187 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $102 | $187 |
| Value after costs | $10,469 | $11,474 | $12,576 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
RAFE 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): 0.0045%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $93.1M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
RAFE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 46.94% |
| Barclays Capital Inc. | $2K | 46.52% |
| Nomura Securities International, Inc. | $139 | 2.60% |
| Morgan Stanley & Co. LLC | $74 | 1.38% |
| Jefferies LLC | $57 | 1.07% |
| BofA Securities, Inc. | $32 | 0.60% |
| Citigroup Global Markets Inc. | $13 | 0.25% |
| Mizuho Securities USA LLC | $13 | 0.25% |
| RBC Capital Markets, LLC | $11 | 0.21% |
| Goldman Sachs & Co. LLC | $9 | 0.17% |
RAFE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $93.1M | 99.98% |
| RBC Capital Markets, LLC | $21K | 0.02% |
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.