C000157299 Fees and Costs — TCW Developing Markets Equity Fund, I Class
Data updated: 2023-09-12
The net expense ratio is 0.95%: a 0.80% management fee plus 3.59% other expenses, less a 3.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $59K in broker commissions, 1.0432% of average net assets, and portfolio turnover was 333%.
C000157299 Fees and Expenses
Annual operating expenses and sales charges of C000157299. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.59% |
| Gross expense ratio | 4.39% |
| Fee waiver | −3.44% |
| Net expense ratio | 0.95% |
| 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 |
C000157299 Costs Over Time
On $10,000 invested in C000157299, assuming 5% a year before costs, total costs come to $1,222 over 5 years, cutting the return by 2.09% 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 0.95%) | $100 | $308 | $529 |
| Trading costs (broker commissions) | $110 | $338 | $580 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $679 | $1,222 |
| Value after costs | $10,291 | $10,898 | $11,541 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
C000157299 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): 1.0432%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $19.2M
- Portfolio turnover (prospectus): 333%
- Securities lending: none during the year
C000157299 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $24K | 40.25% |
| J.P. Morgan Securities LLC | $17K | 29.12% |
| Instinet, LLC | $7K | 12.13% |
| BofA Securities, Inc. | $4K | 6.18% |
| Itau International Securities Inc. | $4K | 6.07% |
| Morgan Stanley & Co. LLC | $2K | 3.40% |
| UBS Securities LLC | $914 | 1.55% |
| Citigroup Global Markets Inc. | $356 | 0.60% |
| Financial Brokerage Group S.A.E | $323 | 0.55% |
| OOO UBS Bank | $96 | 0.16% |
C000157299 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $19.2M | 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.