C000127918 Fees and Costs — TCW Emerging Markets Multi-Asset Opportunities Fund, I Class
Data updated: 2023-09-12
The net expense ratio is 1.00%: a 0.90% management fee plus 0.57% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $341K in broker commissions, 0.5706% of average net assets, and portfolio turnover was 234%.
C000127918 Fees and Expenses
Annual operating expenses and sales charges of C000127918. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.47% |
| Net expense ratio | 1.00% |
| 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 |
C000127918 Costs Over Time
On $10,000 invested in C000127918, assuming 5% a year before costs, total costs come to $971 over 5 years, cutting the return by 1.65% 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 1.00%) | $105 | $326 | $561 |
| Trading costs (broker commissions) | $60 | $186 | $320 |
| Lost growth on money paid in costs | $0 | $25 | $90 |
| Total costs | $165 | $537 | $971 |
| Value after costs | $10,335 | $11,039 | $11,792 |
| Impact on return, per year | 1.65% | 1.65% | 1.65% |
C000127918 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.5706%
- Total broker commissions: $341K
- Bought from dealers (principal trades, not a cost): $218.0M
- Portfolio turnover (prospectus): 234%
- Securities lending: none during the year
C000127918 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $131K | 38.47% |
| J.P. Morgan Securities LLC | $106K | 31.10% |
| Instinet, LLC | $42K | 12.25% |
| BofA Securities, Inc. | $22K | 6.43% |
| Itau International Securities Inc. | $21K | 6.16% |
| Morgan Stanley & Co. LLC | $11K | 3.26% |
| UBS Securities LLC | $4K | 1.20% |
| Citigroup Global Markets Inc. | $2K | 0.47% |
| Financial Brokerage Group S.A.E | $2K | 0.44% |
| OOO UBS Bank | $793 | 0.23% |
C000127918 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $138.3M | 64.73% |
| Goldman Sachs & Co. LLC | $16.9M | 7.91% |
| Jefferies LLC | $12.6M | 5.92% |
| HSBC Securities (USA) Inc. | $10.3M | 4.83% |
| Citigroup Global Markets Inc. | $9.0M | 4.21% |
| BofA Securities, Inc. | $7.2M | 3.35% |
| Barclays Capital Inc. | $7.0M | 3.30% |
| Morgan Stanley & Co. LLC | $6.3M | 2.93% |
| J.P. Morgan Securities LLC | $4.9M | 2.31% |
| Santander Securities LLC | $1.1M | 0.52% |
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.