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Let's get down to the cost of doing business. When you invest in the **PIMCO Mortgage-Backed Securities Fund**, you'll have to pay certain fees and expenses. These fees can impact your returns, so it’s important to understand them. The main fees include the expense ratio, which covers the fund's operating expenses, such as management fees, administrative costs, and marketing expenses. The expense ratio is expressed as a percentage of the fund's assets under management. It is important to compare the expense ratio of the **PIMCO Mortgage-Backed Securities Fund** with the expense ratios of similar funds to assess its competitiveness. Then, there are transaction costs, which include brokerage commissions and other costs associated with buying and selling securities. These costs can also impact the fund's performance. The fund may also have a sales load, which is a fee charged when you buy or sell shares of the fund. However, many share classes of the PIMCO Mortgage-Backed Securities Fund do not have a sales load.
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