TCW Concentrated Core Strategy

Marketable Securities Division

A highly-focused approach primarily targeting top mid- to large-cap companies with strong and enduring business models. An active strategy utilizing proprietary fundamental research focused on identifying companies with improving operating prospects.

At-A-Glance

AUM or Committed to Management

$5.5 Billion (as of 06/30/18)

Investment Vehicles and Minimums Separate Account:
For Institutions
U.S.: $25 Million, International: $50 Million
For High Net Worth Individuals $3 Million

TCW Select Equities Fund $2,000

Style

Investment Team

  • Craig C. Blum, CFA
Strategy Information
Product Name 1-mo 3-mo YTD
Annualized Performance
1-yr
3-yr 5-yr Since Inception
[09/30/1987]
TCW (Gross) 1.03% 7.73% 12.52% 25.87% 14.37% 15.84% 14.55%
TCW (Net) 0.98% 7.54% 12.13% 24.99% 13.56% 15.03% 13.84%
Russell 1000 Growth Index 0.96% 5.76% 7.25% 22.51% 14.98% 16.36% 9.47%
as of 06/30/2018 (updated quarterly)
Click Here for detailed Performance Disclosures

Investment Objective

The portfolios in TCW Concentrated Core seek to maximize total return, with an emphasis on capital appreciation. Performance should be measured over a full market cycle.

Investment Philosophy

Strong long-term performance can be achieved by participating in the long-term success of selected businesses purchased at attractive valuations.

Performance Returns

as of 06/30/2018 (updated quarterly)

Top Ten Holdings (%)

  Portfolio
Amazon.com 6.16
Alphabet 5.88
Visa 5.88
Adobe Systems 5.35
Facebook 5.26
salesforce.com 4.73
American Tower 4.52
ServiceNow 4.18
PayPal Holdings 3.70
Booking Holdings 2.95
as of 3/31/2018 (updated quarterly)

Sector Weight (%)

as of 3/31/2018 (updated quarterly)

Legal Disclosures


The source for all charts and tables above is TCW
Objective Disclosure

There can be no assurance that this strategy will be able to achieve its objectives.

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.

Index Disclosure

The index or indices cited herein are unmanaged groups of securities often taken as representative of those segments of the overall market and assume no reduction for fees and expenses in measuring returns. The securities in the index or indices may be substantially different from those in the strategy.

About Portfolio Values and Holdings

Portfolio characteristics and holdings are subject to change at any time. It should not be assumed that an investment in the securities listed was, or will be, profitable.

About Performance
Performance for any period not ending on a calendar quarter end is subject to adjustment at quarter end for accounts that are not present for the entire quarter. Past performance is no guarantee of future results.

This material is for general information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. Any issuers or securities noted in this document are provided as illustrations or examples only, for the limited purpose of analyzing general market or economic conditions and may not form the basis for an investment decision, nor are they intended to serve as investment advice. Any such issuers or securities are under periodic review by the portfolio management group and are subject to change without notice. TCW makes no representation as to whether any security or issuer mentioned in this document is now in any TCW portfolio. TCW, its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which are subject to change without notice. Any information and statistical data contained herein derived from third party sources are believed to be reliable, but TCW does not represent that they are accurate, and they should not be relied on as such or be the basis for an investment decision.

An investment in the strategy described herein has risks, including the risk of losing some or all of the invested capital. An investor should carefully consider the risks and suitability of an investment strategy based on their own investment objectives and financial position. There is no assurance that the investment objectives and/or trends will come to pass or be maintained. The information contained herein may include preliminary information and/or “forward-looking statements.” Due to numerous factors, actual events may differ substantially from those presented herein. TCW assumes no duty to update any forward-looking statements or opinions in this document. This material comprises the assets under management of The TCW Group, Inc. and its subsidiaries, including TCW Investment Management Company LLC, TCW Asset Management Company LLC, and Metropolitan West Asset Management, LLC. Any opinions expressed herein are current only as of the time made and are subject to change without notice. The investment processes described herein are illustrative only and are subject to change. Past performance is no guarantee of future results. © 2018 TCW

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.

News & Commentary

Documents