FEES AND COMPENSATION
TCW-WLA is an investment adviser registered with the SEC and delivers this brochure only to
"qualified purchasers" as defined in section 2(a)(51)(A) of the Investment Company Act of 1940, as amended;
therefore, we are not required to (1) disclose how we are compensated for advisory services we provide, (2)
provide our fee schedule, or (3) disclose whether the fees are negotiable.
TCW-WLA’s only compensation is derived from compensation arrangements set forth in sub-
delegation, sub-advisory, co-advisory, and other arrangements between TCW-WLA and TAMCO and
TIMCO (as discussed below in Item 10). These arrangements have been privately negotiated, and are a
percentage of the compensation received by TAMCO and TIMCO for the Clients for which TCW-WLA
provides sub-advisory services. TAMCO and TIMCO receive base management fees that are expressed as a
number of basis points of assets under management (“Management Fees”) and in some situations also
performance allocations (see Item 6, below).
Other Fees and Expenses Associated with Advised Accounts or Funds. TCW-WLA’s Clients
may bear certain other fees, expenses and costs (in addition to the Management Fees,) which are incidental
or related to the maintenance of a Client account or the buying, selling and holding of investments. These
fees may include, but are not limited to: (1) custodial charges; (2) credit support fees; (3) brokerage fees; (4)
fees for administrative services provided by third parties and/or affiliated entities; (5) commissions and other
related transaction costs and expenses, such as deal fees, origination fees and deferred sales charges;
(6) governmental charges, taxes and duties; (7) transfer fees, registration fees and other expenses associated
with buying, selling or holding investments, such as wire transfer and electronic fund fees; (8) withholding
taxes payable and required to be withheld by issuers or their agents; (9) legal fees incurred in connection with
the discharge of it investment management responsibilities, (10) travel and entertainment expenses, (11)
expenses incurred with respect to investor communication and conferences, (12) audit fees, (13) insurance
expenses, (14) third party valuation fees and (15) fees associated with investments in pooled investment
vehicles (the “Other Expenses”).
Other Expenses are memorialized in the respective Funds’ Fund Documents.
For additional information about brokerage and other transaction costs, please refer to Item 12,
“Brokerage Practices,” later in this Brochure.