TGABX: TCW Enhanced Commodity Strategy N

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TGABX TCW Enhanced Commodity Strategy N


Profile

TGABX - Profile

Vitals

  • YTD Return -17.6%
  • 3 Yr Annualized Return -6.5%
  • 5 Yr Annualized Return -7.8%
  • Net Assets $1.03 M
  • Holdings in Top 10 46.3%

52 WEEK LOW AND HIGH

$4.04
$3.55
$4.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 19.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 122.23%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -17.6%
  • 3 Yr Annualized Total Return -6.5%
  • 5 Yr Annualized Total Return -7.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    TCW Enhanced Commodity Strategy Fund
  • Fund Family Name
    TCW
  • Inception Date
    Mar 31, 2011
  • Shares Outstanding
    N/A
  • Share Class
    N
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Stephen Kane

Fund Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing primarily in commodity-linked derivative instruments backed by a portfolio of Fixed Income Instruments. It invests in commodity-linked derivative instruments, including commodity index-linked notes, swap agreements, commodity options, futures and options on futures that provide exposure to the investment returns of the commodities markets, without investing directly in physical commodities.


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Categories

Performance

TGABX - Performance

Return Ranking - Trailing

Period TGABX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -33.8% 0.0% 54.95%
1 Yr -18.1% -39.5% -0.7% 58.56%
3 Yr -6.5%* -21.0% -0.2% 31.63%
5 Yr -7.8%* -22.2% -2.4% 51.69%
10 Yr N/A* -16.7% -5.5% N/A

* Annualized

Return Ranking - Calendar

Period TGABX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% -8.3% 16.6% 38.18%
2018 -13.5% -42.9% -0.2% 34.69%
2017 1.5% -13.1% 10.5% 43.62%
2016 9.9% 3.1% 22.1% 72.04%
2015 -25.4% -64.9% -7.2% 63.86%

Total Return Ranking - Trailing

Period TGABX Return Category Return Low Category Return High Rank in Category (%)
YTD -17.6% -33.8% 0.0% 54.95%
1 Yr -18.1% -39.5% -0.7% 58.56%
3 Yr -6.5%* -21.0% 0.4% 60.20%
5 Yr -7.8%* -19.7% -2.1% 66.29%
10 Yr N/A* -14.6% -3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period TGABX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% -8.3% 16.6% 38.18%
2018 -13.5% -42.9% -0.2% 47.96%
2017 1.5% -8.3% 10.9% 70.21%
2016 9.9% 3.1% 23.2% 83.87%
2015 -25.4% -62.9% -7.2% 63.86%

NAV & Total Return History


Holdings

TGABX - Holdings

Concentration Analysis

TGABX Category Low Category High TGABX % Rank
Net Assets 1.03 M 1.03 M 5.48 B 99.11%
Number of Holdings 97 4 831 42.86%
Net Assets in Top 10 476 K -151 M 1.51 B 87.50%
Weighting of Top 10 46.28% 4.0% 93.4% 53.57%

Top 10 Holdings

  1. Mutual Fund I7c3 23.83%
  2. Nationwide Mutual Insurance Company 0.03% 6.72%
  3. Centex Home Loan Equity Trust 0.06% 4.16%
  4. JPMorgan Chase & Co. 0.02% 2.43%
  5. Citigroup Inc. 0.02% 2.12%
  6. Mid-State Capital 0.06% 1.64%
  7. FHLMC Pc Prepay Prm 30 0.01% 1.46%
  8. Healthpeak Properties Inc 0.03% 1.46%
  9. Mastr Seasoned Sec 0.05% 1.23%
  10. JP Morgan Mortgage Trust 0.04% 1.22%

Asset Allocation

Weighting Return Low Return High TGABX % Rank
Bonds
69.60% 0.00% 131.41% 24.11%
Other
23.83% -15.47% 111.00% 37.50%
Cash
6.56% -86.13% 100.00% 77.68%
Stocks
0.00% -26.70% 48.14% 58.04%
Preferred Stocks
0.00% 0.00% 0.00% 53.57%
Convertible Bonds
0.00% 0.00% 7.58% 72.32%

Bond Sector Breakdown

Weighting Return Low Return High TGABX % Rank
Corporate
48.29% 0.00% 53.35% 3.57%
Securitized
42.46% 0.00% 42.46% 0.89%
Cash & Equivalents
8.61% 0.76% 100.00% 92.86%
Municipal
0.64% 0.00% 1.11% 8.93%
Derivative
0.00% 0.00% 8.59% 63.39%
Government
0.00% 0.00% 98.03% 84.82%

Bond Geographic Breakdown

Weighting Return Low Return High TGABX % Rank
US
61.77% 0.00% 143.78% 16.96%
Non US
7.83% -12.37% 19.25% 17.86%

Expenses

TGABX - Expenses

Operational Fees

TGABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 19.14% 0.01% 19.14% 0.90%
Management Fee 0.50% 0.00% 1.75% 12.50%
12b-1 Fee 0.25% 0.00% 1.00% 42.42%
Administrative Fee N/A 0.04% 0.45% 3.23%

Sales Fees

TGABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TGABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

TGABX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 122.23% 0.00% 262.00% 87.50%

Distributions

TGABX - Distributions

Dividend Yield Analysis

TGABX Category Low Category High TGABX % Rank
Dividend Yield 0.00% 0.00% 2.23% 55.36%

Dividend Distribution Analysis

TGABX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

TGABX Category Low Category High TGABX % Rank
Net Income Ratio 3.57% -2.28% 3.57% 0.90%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TGABX - Fund Manager Analysis

Managers

Stephen Kane


Start Date

Tenure

Tenure Rank

Mar 31, 2011

9.26

9.3%

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.

Bret Barker


Start Date

Tenure

Tenure Rank

Mar 31, 2011

9.26

9.3%

Mr. Barker is a Specialist Portfolio Manager – Treasuries in the U.S. Fixed Income group. Mr. Barker joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). He is responsible for the portfolio management of Treasuries, TIPS, agencies, money market instruments, and derivatives. In conjunction with the generalist portfolio managers, he implements decisions on duration and yield curve positioning across all MetWest and several TCW products. Prior to joining MetWest in 1997, he worked at Coast Asset Management in their futures and options department. Mr. Barker earned a BBA in Business with a minor in classical studies from Loyola Marymount University.

Tad Rivelle


Start Date

Tenure

Tenure Rank

Apr 30, 2012

8.17

8.2%

Tad Rivelle Group Managing Director Chief Investment Officer–Fixed Income Co-Director Fixed Income Tad Rivelle is Chief Investment Officer, Fixed Income. Prior to joining TCW, Tad served as Chief Investment Officer for MetWest, an independent institutional investment manager that he cofounded. The MetWest investment team has been recognized for a number of performance related awards, including Morningstar’s Fixed Income Manager of the Year. Mr. Rivelle was also the co-director of fixed income at Hotchkis & Wiley and a portfolio manager at PIMCO. Tad holds a BS in Physics from Yale University, an MS in Applied Mathematics from University of Southern California, and an MBA from the UCLA Anderson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 15.11 5.98 9.59