C000017423 Fees and Costs — TCW Relative Value Dividend Appreciation Fund, I Class
Data updated: 2024-06-25
The net expense ratio is 0.70%: a 0.60% management fee plus 0.14% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $77K in broker commissions, 0.0297% of average net assets, and portfolio turnover was 18%.
C000017423 Fees and Expenses
Annual operating expenses and sales charges of C000017423. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.70% |
| 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 |
C000017423 Costs Over Time
On $10,000 invested in C000017423, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000017423 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0297%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $76.5M
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000017423 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $35K | 44.96% |
| Nomura Securities International, Inc. | $12K | 16.13% |
| UBS Securities LLC | $8K | 10.47% |
| BNY Mellon Capital Markets, LLC | $8K | 9.85% |
| Wells Fargo Securities, LLC | $5K | 6.41% |
| Jefferies LLC | $5K | 6.00% |
| BofA Securities, Inc. | $2K | 2.38% |
| Barclays Capital Inc. | $2K | 2.12% |
| Goldman Sachs & Co. LLC | $1K | 1.49% |
| Robert W. Baird & Co. Incorporated | $136 | 0.18% |
C000017423 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $76.5M | 100.00% |
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.