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TCW Total Return Bond Fund
mutual fund
TGLSX
Payout Change
Pending
Price as of:
$7.86
+0.01
+0.13%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TGLSX (Mutual Fund)
TCW Total Return Bond Fund
Payout Change
Pending
Price as of:
$7.86
+0.01
+0.13%
primary theme
U.S. Intermediate-Term Bond Duration
share class
TGLSX (Mutual Fund)
TCW Total Return Bond Fund
Payout Change
Pending
Price as of:
$7.86
+0.01
+0.13%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 11/19/2024Price
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
Vitals
YTD Return
2.0%
1 yr return
8.2%
3 Yr Avg Return
-3.7%
5 Yr Avg Return
N/A
Net Assets
$1.98 B
Holdings in Top 10
25.2%
52 WEEK LOW AND HIGH
$7.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.32%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 493.39%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/19/2024Price
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
TGLSX - Profile
Distributions
- YTD Total Return 2.0%
- 3 Yr Annualized Total Return -3.7%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.13%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTCW Total Return Bond Fund
-
Fund Family NameTCW Family of Investment Companies
-
Inception DateFeb 28, 2020
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMitchell Flack
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; and other debt obligations bearing fixed or variable interest rates of any maturity.
At least 50% of the Fund’s net assets will be invested in securitized obligations guaranteed by the United States government or its agencies, instrumentalities or sponsored corporations; privately issued mortgage-backed and asset-backed securities rated at time of investment Aa3 or higher by Moody’s Investors Service, Inc., AA- or higher by S&P Global Ratings or the equivalent by any other nationally recognized statistical organization; other obligations of the United States government or its agencies, instrumentalities or sponsored corporations; and money market instruments. The Fund may invest in below investment grade bonds (commonly known as “junk bonds”), which are bonds rated below BBB by Fitch Ratings, Inc., below BBB by S&P Global Ratings and 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 derivative instruments such as options, futures and swap agreements for investment management or hedging purposes. The derivatives in which the Fund may invest include securities that are commonly known as mortgage derivatives, including inverse floaters, interest only (IO) strips, principal-only (PO) strips, inverse IOs and tiered index bonds. The Fund may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis.
In managing the Fund’s investments, under normal market conditions, the portfolio managers seek to construct an investment portfolio with a weighted average duration of no more than eight years. 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 an 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.
TGLSX - Performance
Return Ranking - Trailing
| Period | TGLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -6.4% | 11.1% | 59.34% |
| 1 Yr | 8.2% | -2.1% | 16.2% | 14.17% |
| 3 Yr | -3.7%* | -10.6% | 27.5% | 92.25% |
| 5 Yr | N/A* | -7.5% | 58.4% | 64.89% |
| 10 Yr | N/A* | -2.9% | 73.8% | 20.11% |
* Annualized
Return Ranking - Calendar
| Period | TGLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.2% | -16.2% | 8.1% | 96.30% |
| 2022 | -19.2% | -34.7% | 131.9% | 95.68% |
| 2021 | -3.0% | -11.6% | 4.4% | 34.76% |
| 2020 | N/A | -10.1% | 946.1% | N/A |
| 2019 | N/A | -1.7% | 16.9% | N/A |
Total Return Ranking - Trailing
| Period | TGLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.0% | -6.4% | 11.1% | 59.34% |
| 1 Yr | 8.2% | -2.1% | 16.2% | 14.17% |
| 3 Yr | -3.7%* | -10.6% | 27.5% | 92.25% |
| 5 Yr | N/A* | -7.5% | 58.4% | 58.07% |
| 10 Yr | N/A* | -2.9% | 73.8% | 18.55% |
* Annualized
Total Return Ranking - Calendar
| Period | TGLSX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.1% | -11.3% | 11.9% | 81.58% |
| 2022 | -16.6% | -32.2% | 131.9% | 94.74% |
| 2021 | -0.9% | -9.4% | 9.2% | 45.10% |
| 2020 | N/A | -1.9% | 1009.0% | N/A |
| 2019 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
TGLSX - Holdings
Concentration Analysis
| TGLSX | Category Low | Category High | TGLSX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.98 B | 2.9 M | 314 B | 44.82% |
| Number of Holdings | 412 | 1 | 17787 | 70.81% |
| Net Assets in Top 10 | 461 M | 1.62 M | 35.1 B | 47.07% |
| Weighting of Top 10 | 25.24% | 4.4% | 432.9% | 43.65% |
Top 10 Holdings
- Uniform Mortgage-Backed Security, TBA 5.15%
- TCW Central Cash Fund 3.79%
- Uniform Mortgage-Backed Security, TBA 3.02%
- Uniform Mortgage-Backed Security, TBA 2.43%
- Ginnie Mae 2.03%
- Fannie Mae Pool 1.89%
- Fannie Mae Pool 1.79%
- Uniform Mortgage-Backed Security, TBA 1.75%
- Uniform Mortgage-Backed Security, TBA 1.71%
- Uniform Mortgage-Backed Security, TBA 1.69%
Asset Allocation
| Weighting | Return Low | Return High | TGLSX % Rank | |
|---|---|---|---|---|
| Bonds | 101.18% | 0.00% | 993.61% | 23.08% |
| Other | 18.78% | -16.55% | 52.94% | 9.56% |
| Stocks | 3.79% | 0.00% | 99.99% | 6.26% |
| Cash | 0.10% | -54.51% | 237.69% | 90.34% |
| Preferred Stocks | 0.00% | 0.00% | 71.02% | 87.77% |
| Convertible Bonds | 0.00% | 0.00% | 7.93% | 97.93% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TGLSX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 100.00% | N/A |
| Technology | 0.00% | 0.00% | 43.45% | N/A |
| Real Estate | 0.00% | 0.00% | 99.26% | N/A |
| Industrials | 0.00% | 0.00% | 48.31% | N/A |
| Healthcare | 0.00% | 0.00% | 17.70% | 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% | 100.00% | N/A |
| Consumer Defense | 0.00% | 0.00% | 99.67% | N/A |
| Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
| Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TGLSX % Rank | |
|---|---|---|---|---|
| US | 3.79% | 0.00% | 99.99% | 6.27% |
| Non US | 0.00% | 0.00% | 86.16% | 83.45% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TGLSX % Rank | |
|---|---|---|---|---|
| Securitized | 84.03% | 0.00% | 98.40% | 4.14% |
| Government | 3.52% | 0.00% | 86.23% | 92.13% |
| Corporate | 0.39% | 0.00% | 100.00% | 96.27% |
| Derivative | 0.25% | -1.58% | 44.82% | 23.64% |
| Cash & Equivalents | 0.10% | -0.46% | 237.69% | 87.67% |
| Municipal | 0.00% | 0.00% | 100.00% | 95.24% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TGLSX % Rank | |
|---|---|---|---|---|
| US | 101.18% | 0.00% | 993.61% | 19.32% |
| Non US | 0.00% | 0.00% | 30.95% | 90.03% |
TGLSX - Expenses
Operational Fees
| TGLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.32% | 0.01% | 39.64% | 14.99% |
| Management Fee | 0.40% | 0.00% | 1.76% | 71.03% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.02% | 0.01% | 0.50% | 3.67% |
Sales Fees
| TGLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| TGLSX 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.
| TGLSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 493.39% | 2.00% | 493.39% | 100.00% |
TGLSX - Distributions
Dividend Yield Analysis
| TGLSX | Category Low | Category High | TGLSX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.98% | 0.00% | 10.11% | 1.64% |
Dividend Distribution Analysis
| TGLSX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| TGLSX | Category Low | Category High | TGLSX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.13% | -1.28% | 4.79% | 24.38% |
Capital Gain Distribution Analysis
| TGLSX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 31, 2024 | $0.046 | OrdinaryDividend |
| Sep 30, 2024 | $0.043 | OrdinaryDividend |
| Aug 30, 2024 | $0.043 | OrdinaryDividend |
| Jul 31, 2024 | $0.043 | OrdinaryDividend |
| Apr 30, 2024 | $0.041 | OrdinaryDividend |
| Mar 28, 2024 | $0.041 | OrdinaryDividend |
| Feb 29, 2024 | $0.036 | OrdinaryDividend |
| Jan 31, 2024 | $0.036 | OrdinaryDividend |
| Dec 27, 2023 | $0.058 | OrdinaryDividend |
| Nov 30, 2023 | $0.043 | OrdinaryDividend |
| Oct 31, 2023 | $0.043 | OrdinaryDividend |
| Sep 29, 2023 | $0.043 | OrdinaryDividend |
| Aug 31, 2023 | $0.043 | OrdinaryDividend |
| Jul 31, 2023 | $0.041 | OrdinaryDividend |
| Jun 30, 2023 | $0.041 | OrdinaryDividend |
| May 31, 2023 | $0.041 | OrdinaryDividend |
| Apr 28, 2023 | $0.038 | OrdinaryDividend |
| Mar 31, 2023 | $0.038 | OrdinaryDividend |
| Feb 28, 2023 | $0.038 | OrdinaryDividend |
| Jan 31, 2023 | $0.036 | OrdinaryDividend |
| Dec 28, 2022 | $0.051 | OrdinaryDividend |
| Nov 30, 2022 | $0.023 | OrdinaryDividend |
| Oct 31, 2022 | $0.023 | OrdinaryDividend |
| Sep 30, 2022 | $0.023 | OrdinaryDividend |
| Aug 31, 2022 | $0.023 | OrdinaryDividend |
| Jul 29, 2022 | $0.021 | OrdinaryDividend |
| Jun 30, 2022 | $0.021 | OrdinaryDividend |
| May 31, 2022 | $0.018 | OrdinaryDividend |
| Apr 29, 2022 | $0.018 | OrdinaryDividend |
| Mar 31, 2022 | $0.018 | OrdinaryDividend |
| Feb 28, 2022 | $0.018 | OrdinaryDividend |
| Jan 31, 2022 | $0.018 | OrdinaryDividend |
| Dec 29, 2021 | $0.018 | OrdinaryDividend |
| Nov 30, 2021 | $0.018 | OrdinaryDividend |
| Oct 29, 2021 | $0.001 | ReturnOfCapital |
| Oct 29, 2021 | $0.017 | OrdinaryDividend |
| Sep 30, 2021 | $0.001 | ReturnOfCapital |
| Sep 30, 2021 | $0.017 | OrdinaryDividend |
| Aug 31, 2021 | $0.001 | ReturnOfCapital |
| Aug 31, 2021 | $0.017 | OrdinaryDividend |
| Jul 30, 2021 | $0.001 | ReturnOfCapital |
| Jul 30, 2021 | $0.017 | OrdinaryDividend |
| Jun 30, 2021 | $0.001 | ReturnOfCapital |
| Jun 30, 2021 | $0.017 | OrdinaryDividend |
| May 28, 2021 | $0.001 | ReturnOfCapital |
| May 28, 2021 | $0.017 | OrdinaryDividend |
| Apr 30, 2021 | $0.001 | ReturnOfCapital |
| Apr 30, 2021 | $0.017 | OrdinaryDividend |
| Mar 31, 2021 | $0.001 | ReturnOfCapital |
| Mar 31, 2021 | $0.017 | OrdinaryDividend |
| Feb 26, 2021 | $0.001 | ReturnOfCapital |
| Feb 26, 2021 | $0.017 | OrdinaryDividend |
| Jan 29, 2021 | $0.001 | ReturnOfCapital |
| Jan 29, 2021 | $0.017 | OrdinaryDividend |
| Jan 29, 2021 | $0.000 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.018 | OrdinaryDividend |
| Dec 29, 2020 | $0.016 | CapitalGainShortTerm |
| Dec 29, 2020 | $0.052 | CapitalGainLongTerm |
| Nov 30, 2020 | $0.018 | OrdinaryDividend |
| Oct 30, 2020 | $0.021 | OrdinaryDividend |
| Sep 30, 2020 | $0.021 | OrdinaryDividend |
| Aug 31, 2020 | $0.021 | OrdinaryDividend |
| Jul 31, 2020 | $0.021 | OrdinaryDividend |
| Jun 30, 2020 | $0.027 | OrdinaryDividend |
| May 29, 2020 | $0.027 | OrdinaryDividend |
| Apr 30, 2020 | $0.027 | OrdinaryDividend |
TGLSX - Fund Manager Analysis
Managers
Mitchell Flack
Start Date
Tenure
Tenure Rank
Feb 08, 2010
12.32
12.3%
Mitchell Flack joined Metropolitan West Asset Management, which is a wholly-owned subsidiary of The TCW Group, Inc. (“TCW Group”), in March 2001. Prior to joining that, he was a Managing Director at Bear Stearns & Co. He was also with Bankers Trust, where he marketed derivative products to financial institutions. Prior to that, he served as Senior Vice President and Chief Investment Officer of Southern California Savings. He began his career with Weyerhaeuser Mortgage Company. Mr. Flack holds a bachelor's degree in Business Economics from the University of California, Santa Barbara and an MBA from the University of Chicago Booth School of Business.
Harrison Choi
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
Harrison Choi is a Managing Director for TCW Investment Management Company LLC and TCW LLC.
Elizabeth Crawford
Start Date
Tenure
Tenure Rank
Sep 14, 2020
1.71
1.7%
Managing Director of the Metropolitan West Asset Management, LLC, has been with Metropolitan West Asset Management, LLC since 2015.
Bryan Whalen
Start Date
Tenure
Tenure Rank
Dec 31, 2021
0.41
0.4%
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.
Laird Landmann
Start Date
Tenure
Tenure Rank
Dec 31, 2021
0.41
0.4%
Laird R. Landmann Group Managing Director Co-Director Fixed Income U.S. Fixed Income Mr. Landmann 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). Mr. Landmann currently serves on the boards of the Trust Company of the West and the Metropolitan West Mutual Funds. He is a leader of the MetWest investment team that was recognized as Morningstar's Fixed Income Manager of the Year for 2005 and has been nominated for the award eight times. Prior to founding MetWest in 1996, Mr. Landmann was a principal and the co-director of fixed income at Hotchkis and Wiley. He also served as a portfolio manager and vice president at PIMCO. Mr. Landmann holds an AB in Economics from Dartmouth College and an MBA from the University of Chicago Booth School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
