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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

TCW Global Bond Fund

TGGFX | Fund

$8.21

$18.3 M

2.82%

$0.23

2.00%

Vitals

YTD Return

-2.5%

1 yr return

1.2%

3 Yr Avg Return

-5.0%

5 Yr Avg Return

-0.6%

Net Assets

$18.3 M

Holdings in Top 10

29.8%

52 WEEK LOW AND HIGH

$8.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 245.94%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

TCW Global Bond Fund

TGGFX | Fund

$8.21

$18.3 M

2.82%

$0.23

2.00%

TGGFX - Profile

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return -5.0%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.77%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    TCW Global Bond Fund
  • Fund Family Name
    TCW Family of Investment Companies
  • Inception Date
    Nov 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Kane

Fund Description

Under normal circumstances, the Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in debt securities. If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the change. The Fund may invest in various types of debt securities, including but not limited to securities issued or guaranteed by the United States government or its agencies, instrumentalities or sponsored corporations; corporate obligations (including convertible securities); mortgage-backed and asset-backed securities (which may be privately issued); local currency-or U.S. dollar-denominated foreign debt securities (corporate and government); money market instruments;
structured notes; participation interests in loans; “zero-coupon” or “stripped” securities; and other debt obligations bearing fixed or variable interest rates of any maturity. The Fund may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis.
Under normal market conditions, the Fund invests in securities of issuers located in at least three different countries (one of which may be the United States) and invests at least 30% of its net assets in securities of issuers located outside the United States. The Fund invests in corporate debt securities of issuers in a number of countries, which may include the United States. The Fund invests in securities of issuers located in developed and emerging market countries. The Fund may invest across all fixed-income sectors, including U.S. and non-U.S. government securities. The Fund’s investments may be denominated in local currency or U.S. dollars. The Fund may invest in debt securities with a range of maturities from short- to long-term.
The Fund does not limit its investments to a particular credit or ratings category and may invest up to 35% of its net assets in below investment grade bonds (commonly referred to as “junk bonds”), which are bonds rated below BBB by S&P Global Ratings or below Baa by Moody’s Investors Service, Inc., or, if unrated, bonds deemed by the Fund’s investment advisor to be of comparable quality.
The Fund may invest in derivatives such as options, forward contracts, futures contracts and swaps (including interest rate swaps, total return swaps, and credit default swaps) for investment management (e.g., to increase or decrease the Fund’s exposure to a particular market, to manage or adjust the risk profile of the Fund related to an investment or currency exposure, to adjust its currency exposure relative to its benchmark index, or to earn income and enhance returns) or hedging purposes. The Fund’s exposure to derivatives will vary.
In selecting securities or other instruments, the portfolio managers evaluate the overall investment opportunities and risks in individual national economies. The portfolio managers analyze the business cycle as well as political and macroeconomic factors that affect exchange rates and interest rates in both emerging markets and developing countries. In addition to considering broad economic factors, the portfolio managers apply a “bottom-up” approach in choosing investments for the Fund. This means that the portfolio managers conduct fundamental research on each individual security and determine whether the security is an attractive investment opportunity for the Fund based upon the risk adjusted cash flow characteristics of the security.
Portfolio securities or other instruments may be sold for a number of reasons, including when the portfolio managers believe that (i) another security or instrument may offer a better investment opportunity, (ii) there has been a deterioration in the credit fundamentals of the issuer, (iii) an individual security or instrument has reached its sell target, or (iv) the portfolio should be rebalanced for diversification or portfolio weighting purposes.
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TGGFX - Performance

Return Ranking - Trailing

Period TGGFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -59.5% 0.9% 57.77%
1 Yr 1.2% -15.5% 19.7% 43.27%
3 Yr -5.0%* -4.3% 4.2% 15.42%
5 Yr -0.6%* -2.5% 4.1% 17.02%
10 Yr 0.1%* -3.0% 2.7% 23.43%

* Annualized

Return Ranking - Calendar

Period TGGFX Return Category Return Low Category Return High Rank in Category (%)
2023 3.0% -15.2% 0.9% 28.00%
2022 -18.6% -10.9% 12.2% 18.56%
2021 -6.5% -10.8% 14.8% 67.19%
2020 8.2% -15.3% 0.6% 8.09%
2019 4.0% -44.4% 14.4% 73.01%

Total Return Ranking - Trailing

Period TGGFX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -59.5% 0.9% 55.83%
1 Yr 1.2% -16.6% 30.5% 38.39%
3 Yr -5.0%* -5.2% 10.9% 15.46%
5 Yr -0.6%* -2.8% 7.4% 17.53%
10 Yr 0.1%* -3.0% 3.6% 25.41%

* Annualized

Total Return Ranking - Calendar

Period TGGFX Return Category Return Low Category Return High Rank in Category (%)
2023 6.9% -15.2% 0.9% 28.00%
2022 -17.2% -10.9% 12.2% 18.56%
2021 -4.8% -10.8% 14.8% 67.19%
2020 12.2% -15.3% 3.8% 19.08%
2019 8.2% -44.4% 14.4% 77.91%

NAV & Total Return History


TGGFX - Holdings

Concentration Analysis

TGGFX Category Low Category High TGGFX % Rank
Net Assets 18.3 M 74.5 K 14.7 B 93.14%
Number of Holdings 336 4 4562 62.09%
Net Assets in Top 10 5.82 M -112 M 3.66 B 82.94%
Weighting of Top 10 29.76% 4.7% 100.0% 75.96%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 5.95%
  2. U.K. Gilts 4.51%
  3. Uniform Mortgage-Backed Security, TBA 2.97%
  4. U.S. Treasury Bonds 2.96%
  5. New Zealand Government Bonds 2.66%
  6. U.S. Treasury Notes 2.55%
  7. Uniform Mortgage-Backed Security, TBA 2.13%
  8. French Republic Government Bonds OAT 2.10%
  9. Uniform Mortgage-Backed Security, TBA 2.05%
  10. China Government Bond 1.88%

Asset Allocation

Weighting Return Low Return High TGGFX % Rank
Bonds
104.80% 0.00% 220.33% 37.91%
Cash
5.95% -130.07% 95.62% 60.19%
Other
2.58% -9.71% 100.00% 71.09%
Convertible Bonds
1.94% 0.00% 11.19% 38.86%
Stocks
1.70% 0.00% 7.47% 21.80%
Preferred Stocks
0.00% 0.00% 2.87% 73.93%

Stock Sector Breakdown

Weighting Return Low Return High TGGFX % Rank
Utilities
0.00% 0.00% 91.33% N/A
Technology
0.00% 0.00% 21.64% N/A
Real Estate
0.00% 0.00% 3.17% N/A
Industrials
0.00% 0.00% 11.80% N/A
Healthcare
0.00% 0.00% 9.46% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 56.19% N/A
Consumer Defense
0.00% 0.00% 34.30% N/A
Consumer Cyclical
0.00% 0.00% 27.00% N/A
Basic Materials
0.00% 0.00% 100.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High TGGFX % Rank
US
1.70% 0.00% 6.55% 17.06%
Non US
0.00% 0.00% 1.77% 72.99%

Bond Sector Breakdown

Weighting Return Low Return High TGGFX % Rank
Government
41.66% 0.30% 99.47% 60.58%
Securitized
29.52% 0.00% 52.02% 9.62%
Corporate
24.87% 0.00% 98.62% 35.58%
Cash & Equivalents
5.95% 0.00% 95.62% 63.94%
Municipal
0.88% 0.00% 7.95% 1.92%
Derivative
-0.06% 0.00% 74.77% 58.65%

Bond Geographic Breakdown

Weighting Return Low Return High TGGFX % Rank
US
54.52% -5.52% 107.53% 18.96%
Non US
50.28% 0.00% 112.80% 85.78%

TGGFX - Expenses

Operational Fees

TGGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.02% 3.65% 55.02%
Management Fee 0.50% 0.00% 2.08% 44.39%
12b-1 Fee 0.25% 0.00% 1.00% 47.47%
Administrative Fee 0.02% 0.01% 0.45% 6.15%

Sales Fees

TGGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TGGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TGGFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 245.94% 6.00% 354.00% 95.27%

TGGFX - Distributions

Dividend Yield Analysis

TGGFX Category Low Category High TGGFX % Rank
Dividend Yield 2.82% 0.00% 17.40% 74.41%

Dividend Distribution Analysis

TGGFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

TGGFX Category Low Category High TGGFX % Rank
Net Income Ratio 1.77% -1.08% 5.77% 46.57%

Capital Gain Distribution Analysis

TGGFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TGGFX - Fund Manager Analysis

Managers

Stephen Kane


Start Date

Tenure

Tenure Rank

Nov 30, 2011

10.51

10.5%

Stephen M. Kane, CFA Group Managing Director U.S. Fixed Income Mr. Kane is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). At MetWest, Mr. Kane was responsible for leading MetWest's AlphaTrak, Ultra Short and Liability Driven Investment (LDI) products, and he co-manages many of the firm's mutual funds. Under his co-leadership, the MetWest investment team was recognized as Morningstar's Fixed Income Manager of the Year for 2005. Prior to establishing MetWest, he was a fixed income portfolio manager at Hotchkis and Wiley. He also served as a Vice President at PIMCO. Mr. Kane earned a BS in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.

Bryan Whalen


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Bryan T. Whalen, CFA Group Managing Director U.S. Fixed Income Mr. Whalen is a Generalist Portfolio Manager in the U.S. Fixed Income Group. Mr. Whalen joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest) as co-head of the Securitized Products division. Prior to joining TCW, Mr. Whalen was a partner and co-head of MetWest's Securitized Products division. Prior to joining MetWest in 2004, he was a director in the fixed income department at Credit Suisse First Boston in New York. Previously, he was a vice president at Donaldson, Lufkin & Jenrette. Mr. Whalen earned a BA in Economics from Yale University. He is a CFA charterholder.

Marcela Meirelles


Start Date

Tenure

Tenure Rank

Feb 28, 2021

1.25

1.3%

Ms. Meirelles is a Managing Director, the Advisor and TCW LLC since February 2013. Prior to joining TCW in 2006, Ms. Meirelles was an economist with the Research Department of Kansas City Federal Reserve Bank

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67