PIMCO Income raises fund fees

rforno

Interesting move by PIMCO, eh? Contrarian indicator?

Pimco Bucks Trend by Raising Fees on Ivascyn's Income Fund

Pimco Income Fund, the fastest-growing actively managed U.S. mutual fund, is raising fees at a time most money managers are racing to slash costs paid by investors.

The $92 billion fund will increase its fees 5 cents per $100 on Oct. 2 for most share classes, according to a filing Thursday, bringing expenses for the institutional-class shares to 50 cents per $100. The change in supervisory and administrative fees is attributed in part to the cost of managing dividends for the growing fund, which has about 5,500 securities in numerous countries and currencies, said Pacific Investment Management Co. spokesman Michael Reid.

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https://www.bloomberg.com/news/articles/2017-08-31/pimco-bucks-trend-by-raising-fees-on-ivascyn-s-income-fund

Ted

@rforno: Nice heads-up ! As a Pimco Income Fund holder I'm very pleased with it's performance, and the increase in fees will have no impact on my holding the fund.
Regards,
Ted

David_Snowball

They actually changed fees on seven major funds, with four seeing higher fees and four seeing lower ones.

Have trouble with 4+4=7? One fund raises expenses on some share classes and drops them on others.

Details in the September issue, for what interest that holds.

Dennis Baran

ICYMI Another POV

https://finance.yahoo.com/video/pimco-betting-raising-fees-92-203014634.html

Ted

@openice: Nice work finding video !
Regards,
Ted