VPVGBDV Fees and Costs — PIMCO Global Bond Opportunities Portfolio (Unhedged), Administrative Class
Data updated: 2026-08-31
The net expense ratio is 1.15%: a 0.75% management fee, a 0.15% 12b-1 fee plus 0.25% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 696%.
VPVGBDV Fees and Expenses
Annual operating expenses and sales charges of VPVGBDV. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| 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 |
VPVGBDV Costs Over Time
On $10,000 invested in VPVGBDV, assuming 5% a year before costs, total costs come to $722 over 5 years, cutting the return by 1.21% 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 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $397 | $722 |
| Value after costs | $10,379 | $11,179 | $12,041 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
VPVGBDV 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: $9K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 696%
- Securities lending: none during the year
VPVGBDV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $9K | 99.24% |
| Merrill Lynch, Pierce, Fenner, & Smith | $71 | 0.76% |
VPVGBDV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $504.5M | 15.05% |
| J.P. Morgan Securities LLC | $504.3M | 15.05% |
| Merrill Lynch, Pierce, Fenner, & Smith | $478.4M | 14.28% |
| Mizuho Securities USA, Inc. | $471.3M | 14.06% |
| Goldman Sachs & Co. | $463.6M | 13.84% |
| Morgan Stanley & Co., Inc. | $422.7M | 12.62% |
| Citigroup Global Markets, Inc. | $224.4M | 6.70% |
| BMO Capital Markets Corp. | $111.0M | 3.31% |
| Deutsche Bank Securities, Inc. | $91.6M | 2.73% |
| Wells Fargo Securities, LLC | $79.1M | 2.36% |
PIMCO Global Bond Opportunities Portfolio (Unhedged) Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VPVGBIV | Institutional Class | 1.00% | — |
| VPVGBDV | Administrative Class | 1.15% | — |
| VPVGBVV | Advisor Class | 1.25% | — |
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.