TGDVX Fees and Costs — TCW Relative Value Large Cap Fund, N Class
Data updated: 2026-09-28
The net expense ratio is 0.85%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.17% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $295K in broker commissions, 0.0637% of average net assets, and portfolio turnover was 62%.
TGDVX Fees and Expenses
Annual operating expenses and sales charges of TGDVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.02% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.85% |
| 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 |
TGDVX Costs Over Time
On $10,000 invested in TGDVX, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $314 | $573 |
| Value after costs | $10,404 | $11,262 | $12,190 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
TGDVX 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): 0.0637%
- Total broker commissions: $295K
- Bought from dealers (principal trades, not a cost): $261.9M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
TGDVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $61K | 23.75% |
| J.P. Morgan Securities LLC | $43K | 16.84% |
| Jefferies LLC | $36K | 13.83% |
| Raymond James & Associates, Inc. | $26K | 9.93% |
| SG Americas Securities, LLC | $19K | 7.46% |
| Barclays Capital Inc. | $18K | 6.99% |
| BNY Capital Markets, LLC | $18K | 6.84% |
| Piper Sandler & Co. | $14K | 5.60% |
| Goldman Sachs & Co. LLC | $12K | 4.72% |
| Wells Fargo Securities, LLC | $10K | 4.04% |
TGDVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $261.9M | 100.00% |
TCW Relative Value Large Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TGDIX | I Class | 0.70% | — |
| C000263825 | Class I-3 | 0.80% | — |
| TGDVX | N Class | 0.85% | — |
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.