TGMNX Fees and Costs — TCW Securitized Bond Fund, N Class
Data updated: 2026-09-28
The net expense ratio is 0.70%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $57K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 307%.
TGMNX Fees and Expenses
Annual operating expenses and sales charges of TGMNX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.70% |
| 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 |
TGMNX Costs Over Time
On $10,000 invested in TGMNX, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,320 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
TGMNX 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): 0.0032%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $15.1B
- Portfolio turnover (prospectus): 307%
- Securities lending: none during the year
TGMNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $57K | 100.00% |
TGMNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.7B | 25.72% |
| Citigroup Global Markets Inc. | $2.7B | 18.40% |
| State Street Bank and Trust Company | $2.6B | 18.02% |
| BofA Securities, Inc. | $1.9B | 12.83% |
| Barclays Capital Inc. | $1.4B | 9.73% |
| Morgan Stanley & Co. LLC | $853.7M | 5.88% |
| Mizuho Securities USA LLC | $453.7M | 3.13% |
| Wells Fargo Securities, LLC | $428.8M | 2.96% |
| Deutsche Bank Securities Inc. | $318.5M | 2.19% |
| Citadel Securities LLC | $165.0M | 1.14% |
TCW Securitized Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TGLSX | Plan Class | 0.44% | — |
| TGLMX | I Class | 0.49% | — |
| C000263823 | Class I-3 | 0.59% | — |
| TGMNX | N Class | 0.70% | — |
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.