The TCW Income Fund’s (the “Fund”) goal is to seek long-term capital appreciation through a flexible investment approach that invests primarily in global debt securities without being tethered to a traditional benchmark. In December 2009, TCW acquired Metropolitan West Asset Management LLC (“MetWest”), a highly-ranked U.S. Fixed Income manager. The operation brought together two prominent fixed income teams that now manage TCW’s fixed income business ($188bn out of $205bn in total as of 30 June 2019). The Fund seeks to provide investors with access to TCW’s excellence in the Fixed Income space. It has been designed to operate with a wide investment latitude, allowing it to benefit from movement in the credit, currency and interest rate markets and thus to deliver returns in all market environments while focusing on securities across the Fixed Income spectrum that are believed to offer the most attractive characteristics. All Fixed Income investment activities are overseen by both Generalist and Specialist Portfolio Managers. Tad Rivelle, Chief Investment Officer of TCW’s Fixed Income business, Generalist Portfolio Manager and Co-Director of Fixed Income, together with Laird Landmann, Co-Director and Generalist Portfolio Manager, lead both the Generalists and the sector Specialists.
TCW Income Fund
TCW Income Fund Strategy Overview
- Benefiting from the mean reverting character of Fixed income markets/securities
- Not tethered to a traditional benchmark and taking advantage from a flexible duration (0 to 10 years)
- Long-term economic outlook implemented through the combination of top-down analysis of macro risks (determination of duration, yield curve and sector management) as well as a bottom-up security selection process
- Fundamental and value driven security selection allow to take advantage of price drifts due to technical factors: ‘bond picking’
- 84 Fixed Income professionals (U.S. and International) including 13 Portfolio Managers, 48 Analysts and 15 Traders and 8 Portfolio Specialists providing in-depth understanding of the markets
- Main asset classes considered: U.S. Government bonds, U.S. Investment Grade credit, High Yield bonds, Emerging Markets and International bonds, Foreign Currencies, Asset-Backed and Mortgage-Backed securities
Performance as of 02/03/2023 |
Download |
| NAV | MTD | YTD | LTD |
| 1,005.85€ | -2.58% | -0.09% | 0.59% |
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Past performance is not an indicator of future performance.
Details
| Strategy |
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| General Fund Guidelines |
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| Instruments & Geography |
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| Philosophy |
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Fund Facts
| Legal Structure: | UCITS Luxembourg SICAV |
| Umbrella Fund: | TCW Funds |
| Fund Manager: | TCW Investment Management Company LLC |
| Passporting: | Approved in Spain, Italy, France, Germany, Switzerland, Belgium |
| Base Currency: | USD |
| Other Currency Share Classes: | EUR |
| Liquidity: | Daily |
| Dealing Deadline (Subscription): | 10 PM Luxembourg time on the relevant Dealing Day |
| Dealing Deadline (Redemption): | 10 PM Luxembourg time on the relevant Dealing Day |
| Settlement Date (Subscription): | Within 3 Business Days following the relevant Valuation Day |
| Settlement Date (Redemption): | Within 3 Business Days following the relevant Valuation Day |
Key Professionals
Tad Rivelle
Chief Investment Officer–Fixed Income and Group Managing Director
Tad Rivelle is Chief Investment Officer, Fixed Income, overseeing over $170 billion in fixed income assets, including nearly $105 billion of mutual fund assets under the TCW Funds and MetWest Funds brands. 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 bachelor’s degree in Physics from Yale University, a master’s degree in Applied Mathematics from University of Southern California, and an MBA from UCLA Anderson.
Stephen 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 bachelor’s degree in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.
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. Mr. Landmann currently co-manages many of TCW and MetWest’s mutual funds, including the MetWest Total Return Bond Fund, the MetWest High Yield Bond Fund and the TCW Core Fixed Income Fund, and leads the fixed income group’s risk management efforts. 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 six 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.
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.
Fund Share Class Details
| ISIN code | BBG code | Inception | Mgmt Fee | Perf Fee | TER | KIID | |||
|---|---|---|---|---|---|---|---|---|---|
| Institutional* | IEHE | EUR | LU1848747504 | TCWIFEE LX | 16.11.2018 | 0.54% | 0% | 0.65% | KIID |
| Institutional | IU | USD | LU1848747769 | TCWIFIU LX | 16.11.2018 | 0.54% | 0% | 0.65% | KIID |
| Retail | AEHE | EUR | LU1848747256 | TCWIFHE LX | 16.11.2018 | 1.08% | 0% | 1.33% | KIID |
| Retail | AU | USD | LU1848747330 | TCWIFAU LX | 16.11.2018 | 1.08% | 0% | 1.33% | KIID |
* Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.
- Overview
-
TCW Income Fund Strategy Overview
The TCW Income Fund’s (the “Fund”) goal is to seek long-term capital appreciation through a flexible investment approach that invests primarily in global debt securities without being tethered to a traditional benchmark. In December 2009, TCW acquired Metropolitan West Asset Management LLC (“MetWest”), a highly-ranked U.S. Fixed Income manager. The operation brought together two prominent fixed income teams that now manage TCW’s fixed income business ($188bn out of $205bn in total as of 30 June 2019). The Fund seeks to provide investors with access to TCW’s excellence in the Fixed Income space. It has been designed to operate with a wide investment latitude, allowing it to benefit from movement in the credit, currency and interest rate markets and thus to deliver returns in all market environments while focusing on securities across the Fixed Income spectrum that are believed to offer the most attractive characteristics. All Fixed Income investment activities are overseen by both Generalist and Specialist Portfolio Managers. Tad Rivelle, Chief Investment Officer of TCW’s Fixed Income business, Generalist Portfolio Manager and Co-Director of Fixed Income, together with Laird Landmann, Co-Director and Generalist Portfolio Manager, lead both the Generalists and the sector Specialists.
- Benefiting from the mean reverting character of Fixed income markets/securities
- Not tethered to a traditional benchmark and taking advantage from a flexible duration (0 to 10 years)
- Long-term economic outlook implemented through the combination of top-down analysis of macro risks (determination of duration, yield curve and sector management) as well as a bottom-up security selection process
- Fundamental and value driven security selection allow to take advantage of price drifts due to technical factors: ‘bond picking’
- 84 Fixed Income professionals (U.S. and International) including 13 Portfolio Managers, 48 Analysts and 15 Traders and 8 Portfolio Specialists providing in-depth understanding of the markets
- Main asset classes considered: U.S. Government bonds, U.S. Investment Grade credit, High Yield bonds, Emerging Markets and International bonds, Foreign Currencies, Asset-Backed and Mortgage-Backed securities
- Performance
-
Performance as of 02/03/2023
Download NAV MTD YTD LTD 1,005.85€ -2.58% -0.09% 0.59% powered by Advanced iFrame free. Get the Pro version on CodeCanyon.
Past performance is not an indicator of future performance.
- Details
-
Details
Strategy - Unconstrained Credit Fixed Income Strategy
General Fund Guidelines - Investment in multiple sectors to capture the most attractive risk/return opportunities, to benefit from decorrelations and to reduce volatility
- Two-fold approach to Fixed Income investing: top-down and bottom up security selection
- Top-down: duration and yield curve management as well as allocation to the multiple sectors
- Bottom-up: a value driven fundamental research process to select mispriced bonds
Instruments & Geography - U.S. Government bonds, U.S. Investment Grade credit, High Yield bonds, Emerging Markets and International bonds, Foreign Currencies, Asset-Backed, and Mortgage-Backed securities, as well as Common and Preferred securities
Philosophy - Fixed Income markets/securities are mean reverting
- Technical factors can temporarily drive pricing away from fundamentals
- Persistent inefficiencies in the Fixed Income Markets can be exploited through disciplined research and bottom-up security selection
- Fund Facts
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Fund Facts
Legal Structure: UCITS Luxembourg SICAV Umbrella Fund: TCW Funds Fund Manager: TCW Investment Management Company LLC Passporting: Approved in Spain, Italy, France, Germany, Switzerland, Belgium Base Currency: USD Other Currency Share Classes: EUR Liquidity: Daily Dealing Deadline (Subscription): 10 PM Luxembourg time on the relevant Dealing Day Dealing Deadline (Redemption): 10 PM Luxembourg time on the relevant Dealing Day Settlement Date (Subscription): Within 3 Business Days following the relevant Valuation Day Settlement Date (Redemption): Within 3 Business Days following the relevant Valuation Day - Key Professionals
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Key Professionals
Tad Rivelle
Chief Investment Officer–Fixed Income and Group Managing DirectorTad Rivelle is Chief Investment Officer, Fixed Income, overseeing over $170 billion in fixed income assets, including nearly $105 billion of mutual fund assets under the TCW Funds and MetWest Funds brands. 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 bachelor’s degree in Physics from Yale University, a master’s degree in Applied Mathematics from University of Southern California, and an MBA from UCLA Anderson.
Stephen Kane
CFA, Group Managing Director, U.S. Fixed IncomeMr. 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 bachelor’s degree in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.
Laird R. Landmann
Group Managing Director, Co-Director Fixed Income, U.S. Fixed IncomeMr. 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. Mr. Landmann currently co-manages many of TCW and MetWest’s mutual funds, including the MetWest Total Return Bond Fund, the MetWest High Yield Bond Fund and the TCW Core Fixed Income Fund, and leads the fixed income group’s risk management efforts. 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 six 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.
Bryan T. Whalen
CFA, Group Managing Director, U.S. Fixed IncomeMr. 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.
- Shares
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Fund Share Class Details
ISIN code BBG code Inception Mgmt Fee Perf Fee TER KIID Institutional* IEHE EUR LU1848747504 TCWIFEE LX 16.11.2018 0.54% 0% 0.65% KIID Institutional IU USD LU1848747769 TCWIFIU LX 16.11.2018 0.54% 0% 0.65% KIID Retail AEHE EUR LU1848747256 TCWIFHE LX 16.11.2018 1.08% 0% 1.33% KIID Retail AU USD LU1848747330 TCWIFAU LX 16.11.2018 1.08% 0% 1.33% KIID * Reference share classes used to report NAVs, Daily, MTD, YTD and LTD performances.
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