Strategy Information
| Product Name |
1-mo |
3-mo |
YTD |
1-yr
|
3-yr |
5-yr |
Since Inception
[10/01/2002]
|
| TCW (Gross) |
1.31% |
1.79% |
13.23% |
13.23% |
6.50% |
5.28% |
8.87% |
| TCW (Net) |
1.25% |
1.61% |
12.45% |
12.45% |
5.77% |
4.60% |
8.42% |
| Bloomberg Barclays U.S. High Yield 2% Issuer Cap Index |
2.00% |
2.62% |
14.32% |
14.32% |
6.36% |
6.14% |
8.85% |
as of 12/31/2019 (updated quarterly)
The TCW High Yield strategy seeks to maximize long-term total return consistent with the preservation of capital and aims to add value over the benchmark and control risk through the application of an indepth fundamental credit research process. The investments generally include corporate and government debt securities, mortgage and other asset-backed securities, secured bank loans, mezzanine investments, money market instruments and derivatives. The strategy maintains an average duration between 2 and 8 years and will generally invest at least 80% of its net assets in a portfolio of high yield securities rated below investment grade.
The TCW fixed income management philosophy reflects a goal of consistently outperforming the portfolio benchmark while maintaining below average volatility with an emphasis on capital preservation, particularly in rising rate environments. We seek to achieve the desired outperformance through the measured and diversified application of our core philosophical tenets: