Fund Name |
Daily NAV1 |
Daily1 |
MTD1 |
YTD1 |
3-mo2 |
1-yr |
3-yr |
5-yr |
10-yr3 |
Since Inc3 |
Net |
Gross |
TCW | Gargoyle Hedged Value Fund I
[Inception Date: 12/31/1999]
|
$9.76 |
-0.31% |
0.31% |
-4.22% |
-4.52% |
4.74% |
0.22% |
5.15% |
6.40% |
7.43% |
1.25% |
2.19% |
TCW | Gargoyle Hedged Value Fund N
[Inception Date: 12/31/1999]
|
$9.79 |
-0.31% |
0.31% |
-4.30% |
-4.59% |
4.50% |
-0.03% |
4.90% |
6.25% |
7.35% |
1.50% |
2.51% |
S & P 500 Index |
- |
- |
- |
- |
-0.76% |
13.99% |
10.78% |
13.31% |
9.50% |
5.28% |
- |
- |
S & P 500 Index |
- |
- |
- |
- |
-0.76% |
13.99% |
10.78% |
13.31% |
9.50% |
5.28% |
- |
- |
1 as of 04/20/18 (updated daily)
2 Performance as of 03/31/2018 (updated monthly)
3 Returns include the performance of the predecessor limited partnership for periods
before the Fund’s registration became effective. The predecessor limited partnership
was not registered under the Investment Company Act of 1940 (“1940 Act”) and
therefore was not subject to certain investment restrictions imposed by the 1940 Act.
If the limited partnership had been registered under the 1940 Act, its performance
may have been adversely affected.
The Fund’s investment objective is to seek long-term capital appreciation with lower volatility than a stand-alone stock portfolio.
The TCW | Gargoyle Hedged Value Fund seeks to purchase undervalued stocks and hedge part of the stock market risk by selling a blend of index call options. By combining a short call option strategy to its long equity portfolio, the Fund believes it can increase the Fund’s income, reduce the volatility of its returns and, in general, improve the reward/risk of the stock portfolio. Proprietary tools are used in an effort to maintain the Fund's net long market exposure within a target range so that investors participate as equities are trending higher and are partially protected as equities are trending lower.