GRW Fees and Costs — TCW Durable Growth ETF
Data updated: 2026-09-22
The net expense ratio is 0.75%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $68K in broker commissions, 0.0474% of average net assets, and portfolio turnover was 46%.
GRW Fees and Expenses
Annual operating expenses and sales charges of GRW. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| Net expense ratio | 0.75% |
| 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 |
GRW Costs Over Time
On $10,000 invested in GRW, assuming 5% a year before costs, total costs come to $501 over 5 years, cutting the return by 0.84% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $275 | $501 |
| Value after costs | $10,416 | $11,302 | $12,262 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
GRW 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): 0.0474%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): $22.1M
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
GRW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co, LLC | $29K | 42.85% |
| J.P. MORGAN SECURITIES LLC | $14K | 20.17% |
| Virtu Americas LLC | $11K | 15.72% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $9K | 12.58% |
| GTS EXECUTION SERVICES LLC | $3K | 4.89% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $2K | 3.07% |
| Jefferies LLC | $445 | 0.66% |
| Jane Street Execution Services, Llc | $26 | 0.04% |
| BNP Paribas Securities Corp. | $19 | 0.03% |
GRW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co, LLC | $18.7M | 84.59% |
| Jefferies LLC | $2.1M | 9.50% |
| J.P. MORGAN SECURITIES LLC | $755K | 3.42% |
| MORGAN STANLEY & CO. LLC | $551K | 2.49% |
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.