TCW New America Premier Equities Fund

At-A-Glance

Ticker Symbol
Daily NAV

Style

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]
$15.61 0.84% 4.41% 4.41% 8.46% 38.04% - - - 26.97% 1.04% 4.72%
TCW New America Premier Equities Fund N
[Inception Date: 01/29/2016]
$15.61 0.84% 4.48% 4.48% 8.39% 37.95% - - - 26.92% 1.04% 6.08%
Russell 1000 Index - - - - 6.59% 21.69% - - - 21.02% - -
Russell 1000 Index - - - - 6.59% 21.69% - - - 21.02% - -
1 as of 01/17/18 (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’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
Consumer Discretionary 4.98 12.49 11.76 2.25 9.51 -0.09 0.45 0.36
Consumer Staples 7.10 7.69 0.52 2.17 -1.65 0.00 -0.12 -0.12
Energy 0.00 5.73 0.00 5.15 -5.15 -0.22 0.00 -0.22
Financials 4.87 15.00 1.90 1.85 0.05 -0.08 -0.01 -0.10
Health Care 11.98 13.29 -1.81 -0.69 -1.12 0.02 -0.14 -0.12
Industrials 30.62 10.48 -0.37 1.92 -2.29 0.17 -0.70 -0.53
Information Technology 31.12 23.41 -0.48 0.03 -0.51 -0.07 -0.16 -0.24
Materials 9.33 3.32 0.65 2.19 -1.54 0.06 -0.14 -0.08
Real Estate 0.00 3.62 0.00 -0.10 0.10 0.04 0.00 0.04
Telecom Services 0.00 1.95 0.00 5.59 -5.59 -0.08 0.00 -0.08
Utilities 0.00 3.03 0.00 -5.96 5.96 0.22 0.00 0.22
Total Equity   -0.03 -0.82 -0.87
as of 12/31/2017 (updated monthly)

Portfolio Characteristics

  Portfolio Russell 1000 Index
Average Price/Earnings Next 12 Months 22.2x 18.6x
Enterprise Value to EBITDA 19.1x 17.1x
Net Debt to EBITDA 1.5x 1.3x
Beta 0.9x 1.0x
as of 12/31/2017 (updated monthly)

Top Ten Holdings (%)

  Portfolio
TRANSUNION 10.44
CONSTELLATION SOFTWARE INC/CANADA 7.97
ORACLE CORP 7.64
CONAGRA BRANDS INC 5.66
AIR PRODS & CHEMS INC COM 5.46
ROPER TECHNOLOGIES INC 5.40
BAXTER INTERNATIONAL INC 5.38
BERKSHIRE HATHAWAY INC-CL B 5.00
MICROSOFT COMMON STOCK 4.97
IDEX CORP COMMON STOCK 4.72
as of 12/31/2017 (updated monthly)
Holdings don't include cash

Sector Weight (%)

as of 12/31/2017 (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, 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 each class of the Fund at 1.04% until March 1, 2018.
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.

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 strategy and leads the firm’s publicly listed equities investment effort in the environmental, social, and governance area. He 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.

News & Commentary

Documents