TCW Focused Equities Fund (Formerly Concentrated Value Fund)

Quarterly Commentary

December 31, 2015

Market Overview

During the fourth quarter the S&P 500 rose 7.04%, a welcome recovery from the 3Q2015 decline of -6.44%. Concerns about China’s economy and Federal Reserve rate hikes continue to be investor’s main concerns along with corporate EPS growth...

To read full commentary please click pdf below.

Media Attachments

Legal Disclosures

The TCW Concentrated Value Fund was previously named TCW Focused Equities Fund.

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.

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.

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.
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