TGGBX: TCW Global Bond I

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TGGBX TCW Global Bond I

  • Fund
  • TGGBX
  • Price as of: Nov 20, 2019
  • $10.20 + $0.01 + 0.10%
  • Fund Company
  • TCW

TGGBX - Profile

Vitals

  • YTD Return 6.4%
  • 3 Yr Annualized Return 2.8%
  • 5 Yr Annualized Return 1.9%
  • Net Assets $17.7 M
  • Holdings in Top 10 20.6%

52 WEEK LOW AND HIGH

$10.20
$9.43
$10.32

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

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

BROKERAGE FEES

  • Turnover 102.42%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$500

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style World Bond

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.99%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name TCW Global Bond Fund
  • Fund Family Name TCW
  • Inception Date Nov 30, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Tad Rivelle

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities of government and corporate issuers. It does not limit its investments to a particular credit or ratings category and may invest up to 35% of its net assets in high yield or below investment grade bonds (commonly referred to as "junk bonds"). The fund invests in corporate debt securities of issuers in a number of countries, which may include the United States. It invests in securities of issuers located in developed and emerging market countries.

TGGBX - Performance

Return Ranking - Trailing

Period TGGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -11.8% 80.1% 52.25%
1 Yr 10.4% -16.5% 34.4% 22.14%
3 Yr 2.8%* -10.3% 10.7% 28.08%
5 Yr 1.9%* -9.0% 22.1% 20.72%
10 Yr N/A* -5.4% 12.3% N/A

* Annualized


Return Ranking - Calendar

Period TGGBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -53.1% 2.2% 6.23%
2017 4.0% -9.1% 15.4% 61.12%
2016 -1.4% -12.3% 219.0% 90.52%
2015 -5.2% -29.9% 14.0% 30.09%
2014 -1.0% -22.4% 200.4% 43.96%

Total Return Ranking - Trailing

Period TGGBX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -11.8% 80.1% 52.25%
1 Yr 10.4% -16.5% 34.4% 23.19%
3 Yr 2.8%* -10.3% 14.9% 43.12%
5 Yr 1.9%* -7.1% 31.9% 35.73%
10 Yr N/A* -5.4% 21.0% N/A

* Annualized


Total Return Ranking - Calendar

Period TGGBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.2% -53.1% 3.8% 12.62%
2017 4.0% -6.6% 21.6% 73.42%
2016 -1.4% -12.3% 242.1% 93.35%
2015 -5.2% -29.9% 22.6% 47.62%
2014 -1.0% -22.2% 203.8% 61.11%

NAV & Total Return History

TGGBX - Holdings

Concentration Analysis

TGGBX Category Low Category High TGGBX % Rank
Net Assets 17.7 M 926 K 14.1 B 90.83%
Number of Holdings 280 5 3572 37.43%
Net Assets in Top 10 3.98 M -144 M 11.4 B 87.72%
Weighting of Top 10 20.58% 5.6% 1055.7% 70.27%

Top 10 Holdings

  1. Federal National Mortgage Association 0.02% 2.74%

  2. Japan (Government Of) 0.01% 2.74%

  3. Japan (Government Of) 0.02% 2.71%

  4. Federal Home Loan Mortgage Corporation 0.03% 2.11%

  5. TCW Emerging Markets Income I 2.08%

  6. Government National Mortgage Association 0.03% 1.86%

  7. Italy (Republic Of) 0% 1.83%

  8. Norway (Kingdom Of) 0.02% 1.65%

  9. Canada (Government of) 0.01% 1.46%

  10. United Kingdom of Great Britain and Northern Ireland 0.02% 1.39%


Asset Allocation

Weighting Return Low Return High TGGBX % Rank
Bonds
93.05% 80.10% 1025.08% 70.41%
Cash
6.53% -1000.79% 20.55% 19.53%
Convertible Bonds
0.41% 0.00% 50.87% 38.46%
Stocks
0.00% -61.27% 110.51% 59.62%
Preferred Stocks
0.00% 0.00% 10.86% 37.43%
Other
0.00% -31.37% 67.70% 42.90%

Bond Sector Breakdown

Weighting Return Low Return High TGGBX % Rank
Government
44.53% -1.71% 1025.08% 68.49%
Securitized
31.36% 0.00% 113.77% 10.50%
Corporate
17.35% 0.00% 242.29% 63.46%
Cash & Equivalents
6.53% -999.86% 49.97% 19.97%
Municipal
0.23% 0.00% 74.38% 7.54%
Derivative
0.00% -167.75% 61.05% 31.66%

Bond Geographic Breakdown

Weighting Return Low Return High TGGBX % Rank
Non US
47.71% -95.83% 193.82% 65.98%
US
45.34% -66.44% 1120.91% 46.60%

TGGBX - Expenses

Operational Fees

TGGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.17% 290.47% 38.10%
Management Fee 0.50% 0.00% 2.50% 23.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.02% 0.00% 0.50% 8.64%

Sales Fees

TGGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TGGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% N/A

Turnover 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.

TGGBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 102.42% 0.00% 963.00% 59.66%

TGGBX - Distributions

Dividend Yield Analysis

TGGBX Category Low Category High TGGBX % Rank
Dividend Yield 0.71% 0.00% 13.32% 74.41%

Dividend Distribution Analysis

TGGBX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

TGGBX Category Low Category High TGGBX % Rank
Net Income Ratio 1.99% -1.65% 8.90% 64.16%

Capital Gain Distribution Analysis

TGGBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

TGGBX - Managers

Tad Rivelle

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2011

7.92

7.9%

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.


Stephen M. Kane

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2011

7.92

7.9%

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.


David I. Robbins

Manager

Start Date

Tenure

Tenure Rank

Nov 30, 2011

7.92

7.9%

Mr. Robbins is a Portfolio Manager for TCW Emerging Markets strategies. Prior to joining TCW in 2000, Mr. Robbins invested in private equity. From 1997-1999, he was with Lehman Brothers where he was responsible for global emerging markets trading in the Fixed Income division. Prior to that, he worked at Morgan Stanley from 1983-1997 where he was head of Emerging Markets Trading. Mr. Robbins received a BA in Economics and History from Swarthmore College.


Tenure Analysis

Category Low

0.0

Category High

28.85

Category Average

5.75

Category Mode

10.17