TCW Select Equities Fund

At-A-Glance

Ticker Symbol
Daily NAV

Style

Investment Team

  • Craig C. Blum, CFA
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 Select Equities Fund I
[Inception Date: 07/01/1991]
$27.12 -0.77% -0.04% 8.78% -5.44% 12.59% 9.80% 10.97% 14.62% 10.12% 0.88% 0.88%
TCW Select Equities Fund N
[Inception Date: 02/26/1999]
$24.60 -0.77% -0.04% 8.56% -5.49% 12.36% 9.54% 10.70% 14.31% 6.34% 1.16% 1.16%
Russell 1000 Growth Index - - - - -3.43% 10.71% 13.67% 13.43% 15.45% 9.47% - -
Russell 1000 Growth Index - - - - -3.43% 10.71% 13.67% 13.43% 15.45% 5.51% - -
1 as of 11/16/18 (updated daily)
2 Performance as of 10/31/2018 (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.

Click here for detailed Quarterly/Monthly Performance 

Investment Objective

The Fund seeks long-term capital appreciation.

Investment Approach

The Fund invests primarily in the common stocks of mid and large capitalization companies. A highly focused approach is employed which seeks to achieve strong long-term returns over a full market cycle.

 

Attribution Analysis

Sector Returns & Attribution (one month)
Russell 1000 Growth Index Avg % of Total Equities Benchmark Avg Weight (%) TCW Return (%) Benchmark Return (%) Difference (%) Asset Alloc. Effect Sec. Selection Effect Total Effect
Communication Services 10.82 10.14 -8.86 -7.31 -1.55 0.01 -0.17 -0.16
Consumer Discretionary 15.02 16.12 -14.24 -12.96 -1.28 0.05 -0.21 -0.17
Consumer Staples 4.80 5.68 -5.86 -0.08 -5.78 -0.08 -0.26 -0.34
Energy 1.39 0.91 -8.94 -13.54 4.60 -0.03 0.07 0.05
Financials 6.71 4.29 -6.34 -5.23 -1.11 0.09 -0.08 0.01
Health Care 13.83 13.85 -16.73 -9.71 -7.02 0.00 -1.08 -1.07
Industrials 7.45 12.00 -8.61 -10.89 2.28 0.08 0.23 0.30
Information Technology 33.03 33.27 -10.84 -8.78 -2.06 -0.01 -0.63 -0.64
Materials 0.00 1.67 0.00 -8.52 8.52 -0.01 0.00 -0.01
Real Estate 6.96 2.07 -0.54 0.06 -0.60 0.44 -0.07 0.38
Total Equity   0.54 -2.20 -1.65
as of 10/31/2018 (updated monthly)

Portfolio Characteristics

  Portfolio Russell 1000 Growth Index
Number of Securities 33 545
Average Price/Earnings Past 12 Months 35.5x 25.5x
Average Price/Earnings Next 12 Months 26.5x 19.4x
Price/Book 7.1x 7.6x
5 Year Average Earnings Growth Rate 16.5% 10.6%
5 Year Average Revenue Growth Rate 20.4% 12.1%
Debt/Capital 0.4x 0.6x
Market Capitalization: Average (Dollar-Weighted) $188.4 bil $292.6 bil
Market Capitalization: Median $45.7 bil $11.6 bil
as of 10/31/2018 (updated monthly)

Performance Returns

as of 10/31/2018 (updated monthly)

Top Ten Holdings (%)

  Portfolio
AMAZON.COM INC COM 6.60
VISA INC COM CL A 6.58
ALPHABET INC-CL C 5.96
ADOBE INC 5.79
SALESFORCE.COM INC 5.21
FACEBOOK INC-A 4.85
AMERICAN TOWER CORP 4.71
SERVICENOW INC 4.12
PAYPAL HOLDINGS INC 3.80
MASTERCARD INC CL A 3.06
as of 10/31/2018 (updated monthly)

Sector Weight (%)

as of 10/31/2018 (updated monthly)
Sector weights include securities only & don't include cash

Legal Disclosures


The source for all charts and tables above is TCW
GLOSSARY OF TERMS

Attribution Analysis – A performance-evaluation tool used to analyze the abilities of portfolio or fund managers. Attribution analysis uncovers the impact of the manager's investment decisions with regard to overall investment policy, asset allocation, security selection and activity. A fund or portfolio's returns are compared to a benchmark in order to determine whether a manager is actually skilled or just lucky.

Price/Earnings – The price/earnings ratio is the price of a stock divided by its earnings per share. A trailing P/E refers to a ratio that is based on earnings from the latest year, while a forward P/E uses an analyst's forecast of next year's earnings. P/E ratio estimates should not be considered illustrative of future performance of the Fund.

Price/Book – A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

Market Capitalization – The market value of all outstanding bonds of a particular issue. Market capitalization is calculated by multiplying the principal amount of the bond issue by the current market price of an individual bond expressed as a percentage of par.

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.
Inception Date

For the I Share Class, since inception 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 was registered under the 1940 Act, its performance may have been adversely affected.

Net and Gross Expense Ratio
Annual fund operating expenses as stated in the Prospectus dated February 28, 2018.
Objective
There can be no assurance that the objectives and/or trends will come to pass or be maintained.
Morningstar Style Box
The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).
Portfolio Characteristics & Holdings
It should not be assumed that an investment in the securities listed was or will be profitable. Portfolio characteristics and holdings are subject to change at any time.

This content may include estimates, projections and other "forward-looking" statements. Actual events may differ substantially from those presented. TCW/MetWest assumes no duty to update any such statements. All projections are based on current asset prices and are subject to change.

Russell Trademark

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes.  Russell® is a trademark of Russell Investment Group.


Russell 1000® Growth Index – Measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment.


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.
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: Craig C. Blum, CFA
    Craig C. Blum, CFA
    Group Managing Director

    Mr. Blum is the Portfolio Manager of the TCW Concentrated Core strategy and the TCW Select Equities Fund. He joined TCW in 1999 as a Research Analyst in the Equity Research group covering data networking, communications equipment, and enterprise technology companies. In 2002, Mr. Blum became a member of the Concentrated Core/Select Equities group and was subsequently named Portfolio Manager in 2004. Prior to TCW, Mr. Blum held various positions with FMAC Capital Markets, PaineWebber and Merrill Lynch. He received his BS in Applied Mathematics and Computer Science from the University of California, Los Angeles (UCLA), and his MBA from the UCLA Anderson School of Management. Mr. Blum is a CFA charterholder.

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