IU - Fact Sheet

MetWest Total Return Bond Fund
A Sub-Fund of TCW Funds, a Luxembourg-domiciled UCITS
DECEMBER 31, 2014 | SHARE CLASS: IU
Performance versus Barclays U.S. Aggregate Bond Index in US$* (%)
Sub-Fund Size
Annualized
Sub-Fund
Index
US$ 124.14 Million
Net Asset Value
US$ 1,035.64
1
2
Year to Date
–
–
6.14
5.97
1 Month
–
–
0.17
0.09
3 Months
Risk Level
3
4
5
6
Lower Risk
Typically Lower Rewards
7
–
–
1.85
1.79
1 Year
6.14
5.97
6.14
5.97
Since Inception
2.08
1.81
3.56
3.09
Yearly
Higher Risk
Typically Higher Rewards
Investment Objective & Philosophy
Cumulative
Sub-Fund
Index
2014
Sub-Fund
Index
6.14
5.97
Standard Deviation
Sub-Fund
Index
1.96
2.31
Cumulative Performance of the IU Share Class*
The Sub-Fund seeks to maximize long-term total
return by investing mainly in investment grade fixed
income securities.
It invests in various types of bonds and other
securities, typically corporate bonds, notes,
collateralized bond obligations, collateralized debt
obligations, mortgage-related and asset-backed
securities, bank loans, money-market securities,
swaps, futures, municipal securities, options, credit
default swaps, private placements and restricted
securities. These investments may have interest rates
that are fixed, variable or floating. The Sub-Fund
invests in the U.S. and abroad, including emerging
market countries, and may purchase securities of
varying maturities issued by domestic and foreign
corporations and governments.
106
104
102
100
98
96
94
Apr-13
Sep-13
Feb-14
July-14
Dec-14
Source: Morningstar
* As of 1 November 2013 the pricing methodology for the MetWest Total Return Bond Sub-Fund converted from the use of bid prices to
the use of mid prices (midway between the bid and ask) for purposes of valuation. As a result, the Sub-Fund reporting performance will
experience a one-time upward adjustment to its NAV not expected to exceed 0.60%. All performance figures are net of fees.
Benchmark Index
Barclays U.S. Aggregate Bond – A market capitalisationweighted index of investment-grade, fixed-rate debt
issues, including government, corporate, asset-backed
and mortgage-backed securities, with maturities of at
least one year. The Index is not available for direct
investment; therefore its performance does not reflect
the impact of fees or expenses incurred in managing a
portfolio. The securities in the index may be
substantially different from those in the Fund.
Credit Quality (%)
U.S. Treasuries1
U.S. Agencies
AAA
AA
A
BBB
BB
B
CCC
CC
C
DDD
DD
D
Unrated
38.76
32.53
-2.73
5.27
9.83
10.25
2.43
0.89
2.49
0.00
0.00
0.00
0.00
0.29
0.00
Sector Distribution (%)
U.S. Government
U.S. IG Credit
U.S. High Yield
Non-US Credit
Agency MBS
Non-Agency MBS
CMBS
ABS
Cash & Equivalents
Top Ten Holdings2 (%)
37.46
16.89
2.04
0.00
20.89
11.84
9.80
9.35
-8.27
Duration (%)
0-1 Years
1-3 Years
3-5 Years
5-7 Years
7-10 Years
10-20 Years
20+ Years
20.55
23.81
22.76
12.29
12.85
4.10
3.64
Currency Distribution (%)
U.S. dollar
100.00
Issue (Coupon, Maturity)
Weight
US TREASURY NOTE 0.50% 7/31/2016
1.00
US TREASURY N/B 2.25% 11/15/2024
6.24
US TREASURY N/B 1.50% 10/31/2019
4.08
US TREASURY NOTE 0.50% 9/30/2016
4.08
US TREASURY BOND 3.13% 8/15/2044
3.64
US TREASURY NOTE 2.38% 8/15/2024
2.26
US TREASURY NOTE 0.50% 8/31/2016
2.25
FHLB DN 3/6/15 – 3/6/2015
2.04
FNCL 30 YR 3.0 TBA JAN 15 3.00% 1/25/2045 1.70
FNCL 30 YR 3.0 TBA JAN 15 3.00% 1/25/2045 1.64
Country Breakdown (%)
United States
Cayman Islands
England
Switzerland
Australia
France
Luxembourg
Jersey Channels
Canada
96.45
1.52
0.83
0.48
0.40
0.08
0.08
0.08
0.07
1 Includes all securities backed by the full faith and credit of the U.S. Government. 2 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.
General Sub-Fund Information
Technical Information
Share Class (IU)
Description:
NAV Currency:
Currency Exposure
Dividend:
Tracking Error:
Volatility:
Max Draw Down:
Max Draw Up:
Institutional
USD
USD (unhedged)
Reinvested
0.98%
3.58%
-5.38%
8.93%
335
7.49 Years
4.68 Years
0.09 Years
2.77%
$101.55
2.73%
2.58%
Source: TCW
Portfolio Managers
Tad Rivelle
Group Managing Director
Chief Investment Officer–Fixed Income
Co-Director Fixed Income
U.S. Fixed Income
Stephen M. Kane, CFA
Group Managing DIrector
U.S. Fixed Income
Tad Rivelle, Stephen M. Kane, CFA, Laird Landmann
Sub-Fund of a Luxembourg SICAV - UCITS
Yes
Luxembourg, Belgium, France, Germany, United Kingdom
Société Générale Bank & Trust
19 April 2013
30 September
Subscription/Redemption Information
Source: Morningstar
Sub-Fund
Number of Positions:
Average Maturity:
Average Duration:
Average Convexity:
Average Coupon:
Average Price:
Average Current Yield:
Yield to Maturity:
Sub-Fund Managers:
Legal Status:
Multiclass:
Countries of Registration:
Custodian Bank:
Inception Date:
Close of Fiscal Year:
NAV Valuation:
Subscription/Redemption Deadline:
Minimum Subscription:
Daily Forward Pricing
10:00 pm Luxembourg time
US$ 1 Million
Fees
Maximum Management Fees:
Service Fees:
Subscription Tax:
Total Expense Ratio:
Performance Fees:
Maximum Subscription Fee:
Redemption Fee:
0.40%
0.10%
0.01%
0.51%
None
Up to 2.5% to the benefit of the distributor
None
Code
ISIN:
Bloomberg:
SEDOL:
CUSIP:
LU0905645874
TCWMWIU LX
B94YZC7
L9018W156
Laird Landmann
Group Managing Director
Co-Director Fixed Income
U.S. Fixed Income
This marketing document is issued by TCW Funds (the "Fund") in relation to TCW Funds – MetWest Total Return Bond Fund, a sub-fund
of the Fund (the “Sub-Fund”). It is neither directed to, nor intended for distribution or use by, any person or entity who is a citizen or
resident of or located in any locality, state, country or jurisdiction where such distribution, publication, availability or use would be contrary
to law or regulation. Only the latest version of the Fund’s prospectus, key investor information documents, articles of incorporation,
annual and semi-annual reports (if any) may be relied upon as the basis for investment decisions. These documents and other information
regarding the Fund and the Sub-Fund are available on www.fundsquare.net, www.tcwfunds.com, or at TCW Funds, 28-32, Place de la Gare,
L-1616 Luxembourg.
The information and data presented in this document are not to be considered as an offer or solicitation to buy, sell or subscribe to any
securities or financial instruments. Information, opinions and estimates contained in this document reflect a judgment at the original date
of publication and are subject to change without notice. The Fund has not taken any steps to ensure that the securities referred to in this
document are suitable for any particular investor and this document is not to be relied upon in substitution for the exercise of independent
judgment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Before
making any investment decision, investors are recommended to ascertain if this investment is suitable for them in light of their financial
knowledge and experience, investment grade and financial situation, or to obtain specific advice from an industry professional.
Remember that the capital value and the income from investments in the Sub-Fund may go down as well as up and that changes in rates
exchange between currencies may have a separate effect also causing the value of the investments in the Sub-Fund to decrease or to
increase. Risk factors are listed in the Fund’s prospectus and are not intended to be, and have not been, reproduced in full in this
document.
28-32, Place de la Gare, L-1616
Luxembourg
email: [email protected]
www.tcwfunds.com
Past performance is no guarantee of future results. Performance data do not include the commissions and fees charged at the time of
subscribing for or redeeming shares in the Sub-Fund. There can be no assurance that the investment objective will be achieved. This
marketing material is not intended to be a substitute for the Fund’s prospectus, key investor information documents, articles of
incorporation, annual and semi-annual reports (if any) or for any information which investors should obtain from their financial
intermediaries acting in relation to their investment in the Sub-Fund. For hedged share classes, only the Sub-Fund’s consolidation
currency is hedged into the share class currency. Foreign exchange exposure, resulting from assets in the portfolio which are not
denominated in the consolidation currency, can remain. © 2015 TCW
MWTRF_iu1214
5 January 2015

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