C000003067 Fees and Costs — Metropolitan West Alpha Trak 500 Fund
Data updated: 2024-11-22
The net expense ratio is 0.46%: a 0.40% management fee plus 0.81% other expenses, less a 0.76% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3K in broker commissions, 0.0109% of average net assets, and portfolio turnover was 260%.
C000003067 Fees and Expenses
Annual operating expenses and sales charges of C000003067. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.81% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.76% |
| Net expense ratio | 0.46% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000003067 Costs Over Time
On $10,000 invested in C000003067, assuming 5% a year before costs, total costs come to $298 over 5 years, cutting the return by 0.49% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $163 | $298 |
| Value after costs | $10,451 | $11,413 | $12,465 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
C000003067 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0109%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $213.8M
- Portfolio turnover (prospectus): 260%
- Securities lending: none during the year
C000003067 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2K | 62.05% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $693 | 21.52% |
| MORGAN STANLEY & CO. LLC | $514 | 15.96% |
| CITIGROUP GLOBAL MARKETS INC. | $15 | 0.47% |
C000003067 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $37.0M | 19.49% |
| MORGAN STANLEY & CO. LLC | $32.7M | 17.22% |
| J.P. Morgan Securities LLC | $22.7M | 11.98% |
| Bank of America Corporation | $22.7M | 11.96% |
| MIZUHO SECURITIES (USA) INC. | $17.5M | 9.24% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $15.5M | 8.18% |
| BMO CAPITAL MARKETS CORP. | $11.6M | 6.11% |
| CitiGroup Global Markets Inc. | $10.2M | 5.38% |
| BARCLAYS CAPITAL, INC. | $10.0M | 5.27% |
| WELLS FARGO SECURITIES, LLC | $9.8M | 5.18% |
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.