TCW Balanced Strategy

Managed Account Division

A strategy that invests in a diversified array of U.S. equity securities and investment grade U.S. bonds, seeking to outperform the benchmark through a combination of income and capital appreciation.

At-A-Glance

 

Investment Team

  • Craig C. Blum, CFA

Investment Objective

The objective of this strategy is to invest in a blended portfolio of high-quality stocks and bonds to seek high total return through a combination of income and capital appreciation.

 There is, of course, no assurance that this goal will be realized.

Equities Distinctive Features:

  • Stock selection emphasizing companies with strong and enduring business models
  • Disciplined and consistently applied investment process
  • Concentrated portfolio
  • Median capitalization for the portfolio generally falls in the large cap category

Fixed Income Distinctive Features:

  • Objective is to maximize total realized return while preserving capital and controlling interest rate risk
  • Portfolio strategy utilizes U.S. Treasury and investment grade corporate fixed income securities
  • Value added through active management with focus on sector and security selection

Top Five Holdings (%)

  Portfolio Weight
Equity
Amazon.com, Inc. 4.32
Visa Inc. 3.91
Alphabet, Inc. 3.84
Adobe Systems Incorporated 3.43
Facebook, Inc. 3.43
Fixed Income
U.S. Treasury N/B
2.625% 2/28/2023
4.61
U.S. Treasury N/B
2.250% 11/15/2027
3.67
U.S. Treasury Notes
1.250% 1/31/2020
3.60
Boston Properties
3.850% 2/1/2023
2.90
Verizon Communications Inc.
5.150% 9/15/2023
2.77
as of 3/31/2018 (updated quarterly)

Legal Disclosures


The source for all charts and tables above is TCW
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.
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.


*Source: BNY Mellon Performance and Risk Analytics, based on a managed account Balanced model portfolio. 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.

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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