Gross Slashes EM Fund’s Fees

The PIMCO Emerging Markets Corporate Bond Fund has cut its advisory fee by 10 basis points to 75 bps, according to a Securities and Exchange Commission filing.

In turn, the fund’s management fees have dropped to 115 bps for Institutional and Administrative Class shares, 125 bps for Class P shares and 130 bps for Class A, Class C and Class D shares. The $472 million fund was launched in July 2009 and is managed by Brigitte Posch. Year-to-date, it is up 12.84% through Sept. 28.

A spokesman for the firm was not available for comment on its fee reductions.