C000165257 Fees and Costs — TCW New America Premier Equities Fund, I Class
Data updated: 2024-06-25
The net expense ratio is 0.79%: a 0.65% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $42K in broker commissions, 0.0251% of average net assets, and portfolio turnover was 34%.
C000165257 Fees and Expenses
Annual operating expenses and sales charges of C000165257. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.79% |
| Fee waiver | — |
| Net expense ratio | 0.79% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000165257 Costs Over Time
On $10,000 invested in C000165257, assuming 5% a year before costs, total costs come to $512 over 5 years, cutting the return by 0.86% 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 0.79%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $281 | $512 |
| Value after costs | $10,414 | $11,295 | $12,251 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000165257 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): 0.0251%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): $87.1M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
C000165257 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $16K | 38.27% |
| J.P. Morgan Securities LLC | $8K | 18.42% |
| Goldman Sachs & Co. LLC | $5K | 11.13% |
| BNY Mellon Capital Markets, LLC | $4K | 9.85% |
| RBC Capital Markets, LLC | $4K | 8.45% |
| Morgan Stanley & Co. LLC | $2K | 3.96% |
| Jefferies LLC | $2K | 3.81% |
| BofA Securities, Inc. | $1K | 2.48% |
| Citigroup Global Markets Inc. | $1K | 2.45% |
| Sanford C. Bernstein & Co., LLC | $498 | 1.19% |
C000165257 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $74.6M | 86.72% |
| Goldman Sachs & Co. LLC | $8.7M | 10.14% |
| Morgan Stanley & Co. LLC | $1.3M | 1.53% |
| Barclays Capital Inc. | $852K | 0.99% |
| J.P. Morgan Securities LLC | $533K | 0.62% |
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.