C000097731 Fees and Costs — TCW International Small Cap Fund, Class N
Data updated: 2020-03-18
The net expense ratio is 1.20%: a 0.75% management fee, a 0.25% 12b-1 fee plus 2.26% other expenses, less a 2.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $80K in broker commissions, 0.8015% of average net assets, and portfolio turnover was 213%.
C000097731 Fees and Expenses
Annual operating expenses and sales charges of C000097731. Prospectus, as of February 28, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.26% |
| Gross expense ratio | 3.26% |
| Fee waiver | −2.06% |
| Net expense ratio | 1.20% |
| 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 | No |
C000097731 Costs Over Time
On $10,000 invested in C000097731, assuming 5% a year before costs, total costs come to $1,227 over 5 years, cutting the return by 2.10% 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 1.20%) | $126 | $389 | $668 |
| Trading costs (broker commissions) | $84 | $260 | $446 |
| Lost growth on money paid in costs | $0 | $32 | $114 |
| Total costs | $210 | $681 | $1,227 |
| Value after costs | $10,290 | $10,895 | $11,536 |
| Impact on return, per year | 2.10% | 2.10% | 2.10% |
C000097731 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.8015%
- Total broker commissions: $80K
- Bought from dealers (principal trades, not a cost): $21.9M
- Portfolio turnover (prospectus): 213%
- Securities lending: none during the year
C000097731 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing LLC | $12K | 15.26% |
| J.P. Morgan Securities LLC | $12K | 15.09% |
| Instinet, LLC | $12K | 14.94% |
| Citigroup Global Markets Inc. | $11K | 14.49% |
| HSBC Securities (USA) Inc. | $10K | 12.63% |
| Jefferies LLC | $7K | 9.37% |
| UBS Securities LLC | $7K | 8.80% |
| Macquarie Capital (USA) Inc. | $3K | 3.68% |
| Credit Suisse Securities (USA) LLC | $3K | 3.27% |
| Banco Santander, S.A. | $2K | 2.47% |
C000097731 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $21.9M | 99.60% |
| Credit Suisse Securities (USA) LLC | $87K | 0.40% |
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.