TCW Conservative Allocation Fund

At-A-Glance

Ticker Symbol
Daily NAV

Style

Investment Team

  • Jess Ravich
  • Michael P. Reilly, CFA
  • Stephen M. Kane, CFA
  • Adam T. Coppersmith, CFA
For Financial Advisors

Access Global Conservative Allocation standard presentation.

Fund Name Daily NAV1 Daily1 MTD1 YTD1 3-mo2
Annualized Performance2
1-yr
3-yr 5-yr 10-yr3 Since Inc3
Expense Ratio
Net
Gross
TCW Conservative Allocation Fund I
[Inception Date: 11/16/2006]
$12.02 0.17% 1.61% 1.61% 2.16% 8.84% 3.81% 5.50% 5.46% 5.28% 1.00% 1.00%
TCW Conservative Allocation Fund N
[Inception Date: 11/16/2006]
$12.05 0.17% 1.60% 1.60% 2.02% 8.41% 3.29% 4.96% 5.17% 5.01% 1.55% 2.24%
40% S&P 500, 60% Bloomberg Barclays U.S. Aggregate Bond - - - - 2.86% 10.55% 5.97% 7.51% 6.08% 6.14% - -
40% S&P 500, 60% Bloomberg Barclays U.S. Aggregate Bond - - - - 2.86% 10.55% 5.97% 7.51% 6.08% 6.14% - -
1 as of 01/19/18 (updated daily)
2 Performance as of 12/31/2017 (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.

Click here for detailed Quarterly/Monthly Performance 

Investment Objective

The Fund is a fund of funds that seeks current income and, secondarily, long-term capital appreciation. The fund’s baseline allocation is between approximately 20-60% of its net assets in equity, and between 40-80% if its net assets in fixed income.

Investment Approach

The Fund, in normal market circumstances, allocates its assets to underlying funds that invest in equity and fixed income securities. The TCW asset allocation strategy offers custom, and strategic asset allocation in one strategy. The Fund’s asset mix is periodically adjusted to reflect anticipated significant market changes. A combination of other TCW Funds–the Underlying Funds–and ETFs are utilized in the TCW asset allocation universe. As a result of ongoing monitoring, response to significant changes in market conditions are implemented on a timely basis. This responsiveness enhances the ability of the TCW asset allocation strategy to deliver long-term investment returns.

Asset Allocation

TCW Allocation Funds Allocation (%)
TCW Select Equities Fund 5.4
 
TCW Relative Value Large Cap Fund 10.4
 
TCW New America Premier Equities 8.7
 
TCW Gargoyle Hedged Value 2.8  
TCW Gargoyle Dynamic 500
8.3
 
iShares MSCI EAFE ETF
2.5  
TCW Total Return Bond Fund 12.4
 
Metropolitan West Total Return Bond Fund 13.3  
Metropolitan West Unconstrained Bond Fund 19.4  
Metropolitan West Low Duration Bond Fund 9.6
 
TCW Global Bond Fund 2.3  
SPDR® Gold Shares 2.1  
TCW Fidelity Money Market 2.7
 

as of 09/30/2017 (updated quarterly)

Legal Disclosures


The source for all charts and tables above is TCW
About Underlying Funds

Allocations shown are subject to change.

The investment performance of each Allocation Fund is affected by the investment performance of the underlying funds in which the Fund invests. The ability of the Fund to achieve its investment objective depends on the ability of the underlying funds to meet their investment objectives and on the Advisor's decisions regarding the allocation of the Fund's assets among the underlying funds. There can be no assurance that the investment objective of the Fund or any underlying fund will be achieved. Through its investments in the underlying funds, the Fund is subject to the risks of the underlying funds investments.

About Performance
The performance data presented represents past performance and is no guarantee of future results. Total returns include reinvestment of dividends and distributions. Current performance may be lower or higher than the performance data presented. Performance data current to the most recent month end is available on the product detail page for each Fund. Investment returns and principal value will fluctuate with market conditions. The value of an investment in the Fund, when redeemed, may be worth more or less than its original purchase cost.
Net and Gross Expense Ratio

Annual fund operating expenses as stated in the Prospectus dated February 28, 2017.
* Effective February 28, 2017, the Advisor has contractually agreed to cap the expenses (excluding interest and acquired fund fees and expenses, if any) of the N share class of the Fund at 0.85% until March 1, 2018.

Objective
There can be no assurance that the objectives and/or trends will come to pass or be maintained.

S&P 500 Index – A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.


The index is not available for direct investment; therefore its performance does not reflect a reduction for fees or expenses incurred in managing a portfolio. The securities in the index may be substantially different from those in the Fund.


Bloomberg Barclays U.S. Aggregate Bond Index – A market capitalization-weighted index of investment-grade, fixed-rate debt issues, including government, corporate, asset-backed and mortgage-backed securities, with maturities of at least one year.

A Word About Risk

Equity investments entail equity risk and price volatility risk. The value of stocks and other equity securities will change based on changes in a company’s financial condition and in overall market and economic conditions.

It is important to note that the Fund is not guaranteed by the U.S. Government. Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal.

The investment performance of the TCW Conservative Allocation Fund is affected by the investment performance of the underlying funds in which the Fund invests. The ability of the Fund to achieve its investment objective depends on the ability of the underlying funds to meet their investment objectives and on the Advisor’s decisions regarding the allocation of the Fund’s assets among the underlying funds. There can be no assurance that the investment objective of the Fund or any underlying fund will be achieved. Through its investments in the underlying funds, the Fund is subject to the risks of the underlying funds investments. Allocations shown are subject to change.
Obtain a Prospectus

You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A Fund’s Prospectus and Summary Prospectus contain this and other information about the Fund. To receive a Prospectus, please call 800-386-3829 or you may download the PDF TCW Funds Prospectus. Please read it carefully.


The TCW Funds are distributed by TCW Funds Distributors LLC

Investment Team

  • Photo: Jess Ravich
    Jess Ravich
    Group Managing Director

    Jess Ravich serves as Group Managing Director and Head of Alternative Products at TCW. Prior to joining TCW, Mr. Ravich was a Managing Director and Head of the Capital Markets Group at Houlihan Lokey, an international investment bank. Prior to joining Houlihan Lokey, he founded Libra Securities LLC, an investment banking firm serving the middle market, where he served as CEO for 18 years and was also co-founder and a member of the investment committee of Caltius Capital Management, a Los Angeles-based mezzanine and private equity fund manager with over $1 billion in capital under management. Mr. Ravich also brings a wealth of experience from Jefferies & Company and Drexel Burnham Lambert, where he was an executive vice president of the fixed income department and a senior vice president, respectively. He is the chairman of the board of directors for The Cherokee Group, Inc. and ALJ Regional Holdings, Inc., and serves on the board of directors of Spectrum Group. Mr. Ravich is a graduate of The Wharton School at the University of Pennsylvania, summa cum laude, and Harvard Law School, magna cum laude.

  • Photo: Michael P. Reilly, CFA
    Michael P. Reilly, CFA
    Group Managing Director

    Mr. Reilly is the Chief Investment Officer of the Equities Group and Director of Equity Research. He joined TCW in 1992 as an Equity Analyst after working four years in corpo-rate finance at Security Pacific Bank. In 1995, he assumed co-portfolio management responsibility for TCW’s Latin America, Emerging Markets and International Equities in-vestment strategies. Subsequently, from 2002-2005, he was co-Portfolio Manager of the Société Générale Asset Management (SGAM) global equities team prior to assuming leadership of the U.S. Equity Research department in 2006. Mr. Reilly serves as a member of the USC Marshall Center for Investment Studies Board of Advisors and the USC Dornsife Board of Councilors. Mr. Reilly graduated valedictorian of the University of Southern California with a BS in Finance and a BA in Spanish and also received his MBA from the University of Southern California. He was recipient of the Rotary Foundation Ambassadorial Fellowship for a year of postgraduate studies at Universidad Com-plutense in Madrid, Spain. He is a CFA charterholder.

  • Photo: Stephen M. Kane, CFA
    Stephen M. Kane, CFA
    Group Managing Director

    Mr. Kane is a Generalist Portfolio Manager in the 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. He is a CFA charterholder.

  • Photo: Adam T. Coppersmith, CFA
    Adam T. Coppersmith, CFA
    Senior Quantitative Specialist

    Mr. Coppersmith initially joined TCW in 1994 and returned in 1999 to join the Private Client Services Department as an Analyst. In 2003, he joined the Portfolio Analytics Group. Prior to his return, he worked at Patterson Capital as a Portfolio Analyst/Trader and with Deutsche Bank as an Analyst in their mortgage backed area. Mr. Coppersmith holds a BA in Political Science from the University of California at Los Angeles. He is a CFA charterholder and is a member of the CFA Society Los Angeles and the CFA Institute.

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