TWOEX Fees and Costs — TCW White Oak Emerging Markets Equity Fund, I Class
Data updated: 2026-09-28
The net expense ratio is 1.02% (3.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $32K in broker commissions, 0.3083% of average net assets.
TWOEX Fees and Expenses
Annual operating expenses and sales charges of TWOEX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.58% |
| Gross expense ratio | 3.52% |
| Fee waiver | −2.50% |
| Net expense ratio | 1.02% |
| 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 |
TWOEX Costs Over Time
On $10,000 invested in TWOEX, assuming 5% a year before costs, total costs come to $825 over 5 years, cutting the return by 1.39% 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 1.02%) | $107 | $333 | $576 |
| Trading costs (broker commissions) | $32 | $101 | $174 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $139 | $455 | $825 |
| Value after costs | $10,361 | $11,121 | $11,937 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
TWOEX 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): 0.3083%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $11.2M
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
TWOEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA Americas, LLC | $12K | 42.53% |
| Santander Securities LLC | $4K | 14.79% |
| Cathay Securities Corporation | $3K | 11.39% |
| Motilal Oswal Financial Services Limited | $3K | 8.97% |
| Itau International Securities Inc. | $2K | 5.31% |
| CACEIS Bank Deutschland GmbH | $1K | 4.18% |
| Samsung Securities Co., Ltd. | $1K | 3.86% |
| Eurobank Ergasias Services and Holdings S.A. | $988 | 3.38% |
| HSBC Securities (USA) Inc. | $848 | 2.90% |
| Citigroup Global Markets Inc. | $792 | 2.71% |
TWOEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $11.1M | 99.13% |
| SBICAP Securities Limited | $67K | 0.60% |
| Kotak Securities Limited | $30K | 0.27% |
TCW White Oak Emerging Markets Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TWOEX | I Class | 1.02% | — |
| C000263827 | Class I-3 | 1.18% | — |
| TWEMX | N Class | 1.27% | — |
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.