FLXR Fees and Costs — TCW Flexible Income ETF
Data updated: 2026-09-28
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $23K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 390%.
FLXR Fees and Expenses
Annual operating expenses and sales charges of FLXR. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FLXR Costs Over Time
On $10,000 invested in FLXR, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
FLXR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0021%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $15.3B
- Portfolio turnover (prospectus): 390%
- Securities lending: none during the year
FLXR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $23K | 100.00% |
| J.P. Morgan Securities LLC | $0 | 0.00% |
FLXR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.9B | 35.29% |
| Goldman Sachs & Co. LLC | $2.5B | 18.44% |
| Citadel Securities LLC | $1.2B | 8.42% |
| Deutsche Bank Securities Inc. | $961.0M | 6.99% |
| Morgan Stanley & Co. LLC | $919.5M | 6.69% |
| Citigroup Global Markets Inc. | $858.8M | 6.25% |
| BofA Securities, Inc. | $848.1M | 6.17% |
| Barclays Capital Inc. | $591.7M | 4.30% |
| Mizuho Securities USA LLC | $530.0M | 3.85% |
| BMO Capital Markets Corp. | $494.8M | 3.60% |
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.