PONDX with different expense ratios at SCHW and MEDGE
PONDX with different expense ratios at SCHW and MEDGE
I own PONDX at both Schwab and Merrill Edge. Was surprised to find that the fund 's net expense ratio is 0.90 at Schwab and 0.82 at Merrill Edge. More interestingly, PIMCO's own website says the fund has an expense ratio of 0.93. Do the brokerage houses get different discounts for the fund for providing distribution. All above quoted fees are for the same share class D of Pimco income fund.