TCW New America Premier Equities Fund

At-A-Glance

Ticker Symbol
Daily NAV
Overall Morningstar RatingTM (I) Class: More Info
Morningstar DisclaimerI & N Share; Out of 1,229 funds in the Large Growth categoryThe Overall Morningstar Rating™ is based on risk adjusted returns, derived from a weighted average of the Fund 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. Please see full Morningstar disclosure at the bottom of this page.
5 star rating
Overall Morningstar RatingTM (N) Class: More Info
Morningstar DisclaimerI & N Share; Out of 1,229 funds in the Large Growth categoryThe Overall Morningstar Rating™ is based on risk adjusted returns, derived from a weighted average of the Fund 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. Please see full Morningstar disclosure at the bottom of this page.
5 star rating

Investment Team

  • Joseph R. Shaposhnik
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 New America Premier Equities Fund I
[Inception Date: 01/29/2016]
$19.89 0.40% 7.34% 30.68% 3.64% 14.03% 22.93% - - 22.88% 0.80% 1.13%
TCW New America Premier Equities Fund N
[Inception Date: 01/29/2016]
$19.87 0.40% 7.35% 30.55% 3.52% 13.98% 22.88% - - 22.84% 1.00% 1.99%
Russell 1000 Index - - - - -0.90% 3.47% 11.68% - - 13.49% - -
Russell 1000 Index - - - - -0.90% 3.47% 11.68% - - 13.49% - -
1 as of 06/19/19 (updated daily)
2 Performance as of 05/31/2019 (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’s investment objective is to provide long-term capital appreciation.

Investment Approach

The Fund intends to achieve its objective by investing in a portfolio of companies the portfolio manager believes are enduring, cash generating businesses whose leaders prudently manage their environmental, social, and financial resources and whose shares are attractively valued relative to the free cash flow generated by the businesses.

Attribution Analysis

Sector Returns & Attribution (one month)
Russell 1000 Index Avg % of Total Equities Benchmark Avg Weight (%) TCW Return (%) Benchmark Return (%) Difference (%) Asset Alloc. Effect Sec. Selection Effect Total Effect
Communication Services 2.25 9.82 -0.60 -5.62 5.02 -0.08 0.15 0.07
Consumer Discretionary 0.25 10.33 -1.16 -7.79 6.63 0.14 0.03 0.17
Consumer Staples 2.49 6.82 -2.37 -4.01 1.64 -0.15 0.11 -0.03
Energy 0.00 4.87 0.00 -11.29 11.29 0.25 0.00 0.25
Financials 2.97 13.42 -3.10 -7.00 3.90 0.04 0.05 0.09
Health Care 12.51 13.59 -5.02 -2.37 -2.65 -0.05 -0.34 -0.39
Industrials 27.90 9.76 -1.16 -7.67 6.51 -0.25 1.95 1.70
Information Technology 46.91 21.67 -3.57 -8.63 5.06 -0.61 2.41 1.79
Materials 4.64 2.83 -0.51 -8.64 8.13 -0.04 0.38 0.34
Real Estate 0.00 3.73 0.00 0.49 -0.49 -0.27 0.00 -0.27
Utilities 0.00 3.16 0.00 -1.35 1.35 -0.17 0.00 -0.17
Total Equity   -1.19 4.74 3.55
as of 5/31/2019 (updated monthly)

Portfolio Characteristics

  Portfolio Russell 1000 Index
Average Price/Earnings Next 12 Months 26.1x 16.0x
Enterprise Value to EBITDA 22.1x 16.1x
Net Debt to EBITDA 1.4x 1.3x
Beta 0.9x 1.0x
as of 5/31/2019 (updated monthly)

Top Ten Holdings (%)

  Portfolio
CONSTELLATION SOFTWARE INC/CANADA 11.58
MICROSOFT CORP 6.42
WASTE CONNECTIONS INC 6.18
SPDR S&P 500 ETF TRUST 4.50
RED HAT INC 4.22
MOTOROLA SOLUTIONS INC COMMON STOCK 4.18
VISA INC COM CL A 4.00
ZAYO GROUP HOLDINGS INC 3.82
ROPER TECHNOLOGIES INC 3.74
BAXTER INTERNATIONAL INC 3.74
as of 5/31/2019 (updated monthly)
Holdings don't include cash

Sector Weight (%)

as of 5/31/2019 (updated monthly)
Sector weights include securities only & don't include cash

Legal Disclosures


The source for all charts and tables above is TCW
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, 2019.
* Effective January 1, 2019, the Advisor has contractually agreed to cap the expenses (excluding interest and acquired fund fees and expenses, if any) of the I share class of the Fund at 0.80% and the N share class of the Fund at 1.00% until March 1, 2020.
Objective
There can be no assurance that the objectives and/or trends will come to pass or be maintained.

Russell 1000® Index – Measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership.


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.


Morningstar Rating Disclosure: The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

The total number of Large Growth Funds for the 3-, 5-, and 10-year time periods were 1,229, 1,097, and 811, respectively. The TCW New America Premier Equities Fund I & N Shares received a rating of 5 stars for the 3-year period. The TCW Select Equities Fund I & N Shares received a rating of 4 stars for the 3- and 5-year periods, and 3 stars for the 10-year period.
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.

Funds investing in mid and small cap companies involve special risks including higher volatility and lower liquidity.

The Fund will typically invest a portion of its assets in securities or other financial instruments issued by companies in the financial services sector, including, without limitation, the banking, brokerage and insurance industries. Changes to government regulations, interest rates, or general economic conditions may detrimentally affect the Fund because of the Fund’s investments in the financial services sector.

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: Joseph R. Shaposhnik
    Joseph R. Shaposhnik
    Portfolio Manager

    Mr. Shaposhnik is Portfolio Manager of TCW’s New America Premier Equities, Global Premier ESG Equities, and Global Space Technology Equities portfolios and leads the firm’s publicly listed equities investment effort in the environmental, social, and governance area. The TCW New America Premier Equities investment strategy received performance awards from Lipper in 2017 and the Wall Street Journal in 2017 and 2018. Mr. Shaposhnik serves as a Senior Equity Analyst in the Equity Research group with coverage responsibility for the industrials and basic materials sectors. Prior to joining TCW in 2011, he was an Equity Research Associate at Fidelity Management and Research Company, where he followed the semiconductor and entertainment software sectors for the firm’s U.S. domestic equity funds. Mr. Shaposhnik holds a BS in Business Administration from the Haas School of Business at the University of California, Berkeley, and an MBA from the UCLA Anderson School of Management.

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