C000201587 Fees and Costs — Metropolitan West Corporate Bond Fund, Class I
Data updated: 2024-11-22
The net expense ratio is 0.50%: a 0.40% management fee plus 3.84% other expenses, less a 3.74% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $303 in broker commissions, 0.0052% of average net assets, and portfolio turnover was 136%.
C000201587 Fees and Expenses
Annual operating expenses and sales charges of C000201587. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.84% |
| Gross expense ratio | 4.24% |
| Fee waiver | −3.74% |
| Net expense ratio | 0.50% |
| 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 |
C000201587 Costs Over Time
On $10,000 invested in C000201587, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000201587 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0052%
- Total broker commissions: $303
- Bought from dealers (principal trades, not a cost): $23.8M
- Portfolio turnover (prospectus): 136%
- Securities lending: none during the year
C000201587 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $109 | 35.97% |
| J.P. MORGAN SECURITIES LLC | $58 | 19.14% |
| R.J. O'Brien Securities, LLC | $39 | 12.87% |
| GOLDMAN SACHS & CO. LLC | $32 | 10.56% |
| Advantage Trading Ltd | $25 | 8.25% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $25 | 8.25% |
| CITIGROUP GLOBAL MARKETS INC. | $10 | 3.30% |
| ABN AMRO SECURITIES (USA) LLC | $5 | 1.65% |
C000201587 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $8.0M | 38.62% |
| CITADEL SECURITIES LLC | $2.8M | 13.65% |
| GOLDMAN SACHS & CO. LLC | $2.4M | 11.49% |
| BMO CAPITAL MARKETS CORP. | $1.8M | 8.68% |
| Bank of America Corporation | $1.3M | 6.34% |
| J.P. Morgan Securities LLC | $1.1M | 5.42% |
| BARCLAYS CAPITAL, INC. | $994K | 4.79% |
| DEUTSCHE BANK SECURITIES, INC. | $902K | 4.35% |
| WELLS FARGO SECURITIES, LLC | $869K | 4.19% |
| BNP PARIBAS SECURITIES CORP. | $514K | 2.48% |
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.