Pimco [see profile] just made Bill Gross' flagship Total Return Fund a little bit cheaper. On March 4 the Newport Beach, California-based mutual fund firm revealed reductions of five to fifteen basis points in the "supervisory and administrative fee" charged to 18 of its funds [see filing].

The price cut is set for May 1. Morningstar's Courtney Goethals Dobrow broke the news in the "Fund Times" column, crediting the recent creation of Pimco's own distribution arm (separate from parent Allianz) for the price cuts.

The cuts are:

10 basis points off A, B, C and R shares of Pimco's All Asset Fund;

15 bps off A and C shares of its All Asset All Authority Fund;

5 bps off A, B, C, D and R shares of its CommodityRealReturn Strategy Fund;

5 bps off A and C shares of the Pimco Foreign Bond Fund (Unhedged);

5 bps off A, B, C and R shares of its Foreign Bond Fund (U.S. Dollar-Hedged);

5 bps off A, B and C shares of its Global Bond Fund (U.S. Dollar-Hedged);

5 bps off A, C and R shares of its Income Fund;

5 bps off A, B and C shares of its Long-Term U.S. Government Fund;

5 bps off A, B, C and R shares of its Low Duration Fund;

5 bps off A, B and C shares of its RealEstateRealReturn Strategy Fund;

10 bps off A, C, D and R shares its RealRetirement target date funds (2010, 2020, 2030, 2040 and 2050);

5 bps off A, B, C and R shares of its Real Return Fund;

5 bps off A, B, C, D and R shares of its Short-Term Fund;

and 5 bps off A, B, C and R shares of Total Return. 

Edited by: Neil Anderson, Managing Editor


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