Pimco Funds lowers administrative fee for class R shares to 0.3%

By Toni Weeks

San Diego, Oct. 3 - Pimco Funds said it has decreased the supervisory and administrative fee for its Pimco All Asset Fund's class R shares to 0.3% from 0.35%, according to a filing with the Securities and Exchange Commission.

This reduction will result in the fund' class R management fees decreasing to 0.475%, the fund's class R total annual fund operating expenses decreasing to 1.715% and the fund' class R total annual fund operating expenses after expense reimbursement decreasing to 1.655%.

Pimco provides investment services and is based in Newport Beach, Calif.

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