VPVLTDV Fees and Costs — PIMCO Long-Term U.S. Government Portfolio, Administrative Class
Data updated: 2026-08-31
The net expense ratio is 2.48%: a 0.48% management fee, a 0.15% 12b-1 fee plus 1.85% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 180%.
VPVLTDV Fees and Expenses
Annual operating expenses and sales charges of VPVLTDV. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.15% |
| Other expenses | 1.85% |
| Gross expense ratio | 2.48% |
| Fee waiver | — |
| Net expense ratio | 2.48% |
| 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 |
VPVLTDV Costs Over Time
On $10,000 invested in VPVLTDV, assuming 5% a year before costs, total costs come to $1,509 over 5 years, cutting the return by 2.61% 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 2.48%) | $260 | $800 | $1,366 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $40 | $140 |
| Total costs | $261 | $842 | $1,509 |
| Value after costs | $10,239 | $10,735 | $11,254 |
| Impact on return, per year | 2.61% | 2.61% | 2.61% |
VPVLTDV 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): 0.0044%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $11.0B
- Portfolio turnover (prospectus): 180%
- Securities lending: none during the year
VPVLTDV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. | $20K | 99.55% |
| BGC Financial, L.P. | $46 | 0.24% |
| RBC Capital Markets Corp. | $42 | 0.21% |
VPVLTDV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $4.6B | 43.04% |
| UBS Securities LLC | $2.4B | 22.57% |
| Citigroup Global Markets, Inc. | $1.3B | 11.60% |
| BNP Paribas Securities Corp. | $543.0M | 5.03% |
| Merrill Lynch, Pierce, Fenner, & Smith | $492.7M | 4.57% |
| Goldman Sachs & Co. | $490.3M | 4.54% |
| Morgan Stanley & Co., Inc. | $412.1M | 3.82% |
| J.P. Morgan Securities LLC | $232.0M | 2.15% |
| BNY Mellon Capital Markets, LLC | $145.0M | 1.34% |
| Mizuho Securities USA, Inc. | $144.1M | 1.34% |
PIMCO Long-Term U.S. Government Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VPVLTIV | Institutional Class | 2.33% | — |
| VPVLTDV | Administrative Class | 2.48% | — |
| VPVLTAV | Advisor Class | 2.58% | — |
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.