MWIIX Fees and Costs — TCW MetWest Intermediate Bond Fund, Class I
Data updated: 2025-06-13
The net expense ratio is 0.49%: a 0.35% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.0038% of average net assets, and portfolio turnover was 588%.
MWIIX Fees and Expenses
Annual operating expenses and sales charges of MWIIX. Prospectus, as of July 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
MWIIX Costs Over Time
On $10,000 invested in MWIIX, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $171 | $312 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
MWIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $12.8B
- Portfolio turnover (prospectus): 588%
- Securities lending: none during the year
MWIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $15K | 48.30% |
| JP MORGAN SECURITIES LLC | $6K | 18.86% |
| MORGAN STANLEY & CO. LLC | $4K | 11.63% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2K | 4.76% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 4.35% |
| WELLS FARGO SECURITIES, LLC | $1K | 3.86% |
| R.J. O'Brien Securities, LLC | $1K | 3.57% |
| CITADEL SECURITIES LLC | $959 | 3.04% |
| ABN AMRO SECURITIES (USA) LLC | $513 | 1.63% |
MWIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.8B | 17.00% |
| Bank of America Corporation | $1.7B | 15.90% |
| DEUTSCHE BANK SECURITIES, INC. | $1.5B | 13.82% |
| GOLDMAN SACHS & CO. LLC | $1.2B | 11.17% |
| CITADEL SECURITIES LLC | $1.1B | 9.71% |
| THE BANK OF NEW YORK MELLON | $997.0M | 9.16% |
| CitiGroup Global Markets Inc. | $968.0M | 8.90% |
| J.P. Morgan Securities LLC | $557.0M | 5.12% |
| MIZUHO SECURITIES (USA) INC. | $518.2M | 4.76% |
| WELLS FARGO SECURITIES, LLC | $484.3M | 4.45% |
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.