AIFD Fees and Costs — TCW Artificial Intelligence ETF
Data updated: 2026-09-22
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0187% of average net assets, and portfolio turnover was 20%.
AIFD Fees and Expenses
Annual operating expenses and sales charges of AIFD. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
AIFD Costs Over Time
On $10,000 invested in AIFD, assuming 5% a year before costs, total costs come to $483 over 5 years, cutting the return by 0.81% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $483 |
| Value after costs | $10,419 | $11,311 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
AIFD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0187%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
AIFD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4K | 32.56% |
| Goldman Sachs & Co, LLC | $3K | 22.60% |
| Wells Fargo Securities LLC | $2K | 13.46% |
| Jefferies LLC | $2K | 12.39% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $1K | 9.96% |
| GTS EXECUTION SERVICES LLC | $651 | 5.31% |
| Virtu Americas LLC | $311 | 2.54% |
| ROYAL BANK OF CANADA | $143 | 1.17% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.