C000228999 Fees and Costs — Metropolitan West Opportunistic High Income Credit Fund, Class I
Data updated: 2024-08-21
The net expense ratio is 0.61%: a 0.50% management fee plus 8.39% other expenses, less a 8.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $170 in broker commissions, 0.0095% of average net assets, and portfolio turnover was 131%.
C000228999 Fees and Expenses
Annual operating expenses and sales charges of C000228999. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 8.39% |
| Gross expense ratio | 8.89% |
| Fee waiver | −8.28% |
| 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 |
C000228999 Costs Over Time
On $10,000 invested in C000228999, assuming 5% a year before costs, total costs come to $390 over 5 years, cutting the return by 0.65% 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 0.61%) | $64 | $201 | $349 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $390 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000228999 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): 0.0095%
- Total broker commissions: $170
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
C000228999 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $77 | 45.56% |
| MORGAN STANLEY & CO. LLC | $34 | 20.12% |
| CITIGROUP GLOBAL MARKETS INC. | $17 | 10.06% |
| R.J. O'Brien Securities, LLC | $17 | 10.06% |
| GOLDMAN SACHS & CO. LLC | $12 | 7.10% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7 | 4.14% |
| Advantage Trading Ltd | $5 | 2.96% |
C000228999 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $597K | 16.24% |
| GOLDMAN SACHS & CO. LLC | $596K | 16.21% |
| BARCLAYS CAPITAL, INC. | $565K | 15.37% |
| MORGAN STANLEY & CO. LLC | $498K | 13.55% |
| J.P. Morgan Securities LLC | $497K | 13.52% |
| Bank of America Corporation | $257K | 6.99% |
| CITADEL SECURITIES LLC | $197K | 5.37% |
| BMO CAPITAL MARKETS CORP. | $184K | 5.02% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $149K | 4.04% |
| CitiGroup Global Markets Inc. | $136K | 3.70% |
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.