TGWNX Fees and Costs — TCW Emerging Markets Local Currency Income Fund, N Class
Data updated: 2026-09-28
The net expense ratio is 0.90%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.63% other expenses, less a 0.73% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 135%.
TGWNX Fees and Expenses
Annual operating expenses and sales charges of TGWNX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.73% |
| Net expense ratio | 0.90% |
| 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 |
TGWNX Costs Over Time
On $10,000 invested in TGWNX, assuming 5% a year before costs, total costs come to $564 over 5 years, cutting the return by 0.94% 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 0.90%) | $94 | $295 | $512 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $310 | $564 |
| Value after costs | $10,406 | $11,266 | $12,199 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
TGWNX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $293.8M
- Portfolio turnover (prospectus): 135%
- Securities lending: none during the year
TGWNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $147.2M | 57.10% |
| BofA Securities, Inc. | $22.4M | 8.67% |
| HSBC Securities (USA) Inc. | $21.9M | 8.48% |
| J.P. Morgan Securities LLC | $14.5M | 5.64% |
| Deutsche Bank Securities Inc. | $11.4M | 4.40% |
| BNP Paribas Securities Corp. | $9.7M | 3.75% |
| Standard Chartered Securities (North America) LLC | $8.8M | 3.41% |
| Citigroup Global Markets Inc. | $8.3M | 3.22% |
| Scotia Capital (USA) Inc. | $6.9M | 2.67% |
| Absa Bank Limited | $6.8M | 2.66% |
TCW Emerging Markets Local Currency Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TGWIX | I Class | 0.85% | — |
| TGWNX | N Class | 0.90% | — |
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.