VPVRRVV Fees and Costs — PIMCO Real Return Portfolio, Advisor Class
Data updated: 2026-08-31
The net expense ratio is 1.49%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.74% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $103K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 174%.
VPVRRVV Fees and Expenses
Annual operating expenses and sales charges of VPVRRVV. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.74% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| 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 |
VPVRRVV Costs Over Time
On $10,000 invested in VPVRRVV, assuming 5% a year before costs, total costs come to $927 over 5 years, cutting the return by 1.57% 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 1.49%) | $156 | $486 | $838 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $512 | $927 |
| Value after costs | $10,343 | $11,064 | $11,835 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
VPVRRVV 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): 0.0074%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): $28.2B
- Portfolio turnover (prospectus): 174%
- Securities lending: none during the year
VPVRRVV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co., Inc. | $103K | 100.00% |
VPVRRVV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $10.7B | 39.19% |
| BNP Paribas Securities Corp. | $5.3B | 19.35% |
| Goldman Sachs & Co. | $2.7B | 9.85% |
| Merrill Lynch, Pierce, Fenner, & Smith | $1.9B | 7.09% |
| Deutsche Bank Securities, Inc. | $1.9B | 6.82% |
| J.P. Morgan Securities LLC | $1.7B | 6.09% |
| Morgan Stanley & Co., Inc. | $1.5B | 5.61% |
| BNY Mellon Capital Markets, LLC | $623.1M | 2.28% |
| Regions Bank | $556.2M | 2.04% |
| Citigroup Global Markets, Inc. | $459.8M | 1.68% |
PIMCO Real Return Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VPVRRIV | Institutional Class | 1.24% | — |
| VPVRRDV | Administrative Class | 1.39% | — |
| VPVRRVV | Advisor Class | 1.49% | — |
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.