C000225334 Fees and Costs — Metropolitan West Floating Rate Income Fund, Plan Class
Data updated: 2024-11-22
The net expense ratio is 0.61%: a 0.55% management fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5 in broker commissions, and portfolio turnover was 77%.
C000225334 Fees and Expenses
Annual operating expenses and sales charges of C000225334. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.62% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.61% |
| 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 |
C000225334 Costs Over Time
On $10,000 invested in C000225334, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.61%) | $64 | $201 | $349 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
C000225334 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): —
- Total broker commissions: $5
- Bought from dealers (principal trades, not a cost): $976.4M
- Portfolio turnover (prospectus): 77%
- Securities lending: none during the year
C000225334 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $5 | 100.00% |
C000225334 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $470.9M | 54.12% |
| J.P. Morgan Securities LLC | $107.9M | 12.40% |
| BMO CAPITAL MARKETS CORP. | $66.7M | 7.66% |
| Bank of America Corporation | $50.2M | 5.77% |
| BARCLAYS CAPITAL, INC. | $49.9M | 5.73% |
| GOLDMAN SACHS & CO. LLC | $28.4M | 3.27% |
| CITADEL SECURITIES LLC | $27.7M | 3.18% |
| JEFFERIES LLC | $26.3M | 3.02% |
| DEUTSCHE BANK SECURITIES, INC. | $23.1M | 2.66% |
| CitiGroup Global Markets Inc. | $19.1M | 2.20% |
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.