C000017390 Fees and Costs — TCW High Yield Bond Fund, N Class
Data updated: 2025-01-10
The net expense ratio is 0.80%: a 0.45% management fee, a 0.25% 12b-1 fee plus 0.67% other expenses, less a 0.57% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 63%.
C000017390 Fees and Expenses
Annual operating expenses and sales charges of C000017390. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.67% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.57% |
| Net expense ratio | 0.80% |
| 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 |
C000017390 Costs Over Time
On $10,000 invested in C000017390, assuming 5% a year before costs, total costs come to $505 over 5 years, cutting the return by 0.84% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $277 | $505 |
| Value after costs | $10,416 | $11,299 | $12,258 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
C000017390 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0036%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $152.8M
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
C000017390 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2K | 87.09% |
| Morgan Stanley & Co. LLC | $227 | 12.91% |
C000017390 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $75.1M | 55.24% |
| Barclays Capital Inc. | $13.6M | 9.98% |
| Goldman Sachs & Co. LLC | $9.7M | 7.17% |
| BofA Securities, Inc. | $8.4M | 6.17% |
| J.P. Morgan Securities LLC | $5.9M | 4.35% |
| Morgan Stanley & Co. LLC | $5.6M | 4.15% |
| UBS Securities LLC | $5.6M | 4.14% |
| Citigroup Global Markets Inc. | $5.2M | 3.85% |
| Jefferies LLC | $3.5M | 2.59% |
| BMO Capital Markets Corp. | $3.2M | 2.36% |
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.