TCW High Yield Bond Fund
Data updated: 2025-01-10
C000017390 — TCW High Yield Bond Fund. Short Corporate Bond · $41.68M AUM · 0.80% expense ratio. Holdings, fees, performance and SEC filings.
C000017390 Fund Overview
TCW High Yield Bond Fund is a US mutual fund managed by Tcw Funds INC, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Tcw Funds INC
- Category: Short Corporate Bond
- Assets under management: $41.68M
- 1-year return: 14.5%
- SEC CIK: 0000892071
- SEC series ID: S000006320
- Share class ID: C000017390
C000017390 Investment Objective and Strategy
TCW High Yield Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Tcw Funds INC.
Investment objective
The Fund’s investment objective is to seek to maximize income and achieve above average total return consistent with reasonable risk over a full market cycle.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in high yield/below investment grade bonds, commonly known as junk bonds. If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the change. The Fund may invest up to 20% of its net assets in equity securities (including common stock and convertible and non-convertible preferred stocks) and bank loans of companies in the high yield universe. Portfolio holdings are diversified by industry and issuer in an attempt to reduce the impact of negative events for an industry or issuer. The Fund may invest, without limitation, in derivative instruments such as options, futures and swap agreements. The Fund may also purchase or sell securities on a when-issued, delayed delivery or forward commitment basis.
In selecting the Funds investments, the portfolio managers look for companies that have: strong credit profiles favorable industry fundamentals good management teams stable cash flows attractive yields for a given level of risk Portfolio securities and other instruments may be sold for a number of reasons, including when the portfolio managers believe that (i) another security or instrument may offer a better investment opportunity, (ii) an issuer has experienced a deterioration of the above listed factors or other credit fundamentals, (iii) an individual security or instrument has reached its sell target, or (iv) the portfolio should be rebalanced for diversification or portfolio weighting purposes.
C000017390 Holdings
Top 10 holdings of TCW High Yield Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| TCW Central Cash Fund | 6.00% |
| Tenet Healthcare Corp. | 2.19% |
| Centene Corp. | 1.88% |
| Ford Motor Credit Co. LLC | 1.81% |
| Cco Hldgs Llc/cap Corp. | 1.66% |
| Warnermedia Holdings, Inc. | 1.54% |
| CSC Holdings LLC | 1.47% |
| Pilgrim's Pride Corp. | 1.42% |
| Vici Properties LP | 1.41% |
| Transdigm, Inc. | 1.33% |
C000017390 Portfolio Allocation
Asset-class allocation of TCW High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 76.8% |
| Loans | 16.5% |
| Equity | 6.0% |
| Cash & Equivalents | 0.2% |
C000017390 Performance
Total returns for C000017390 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 14.5% |
| 3 years (annualised) | 2.4% |
| 5 years (annualised) | 4.2% |
C000017390 Risk Information
Risk metrics for C000017390, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.0%
C000017390 Costs and Fees
C000017390 costs about $80 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.80%
- Gross expense ratio: 1.37%
- Portfolio turnover: 63%
- Brokerage commissions: 0.36 bps of average net assets (SEC N-CEN)
C000017390 Cashflows
Over the 12 months to 2024-10, TCW High Yield Bond Fund had net outflows of $15.72M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-10 | −$845.80K |
| 2024-09 | −$1.48M |
| 2024-08 | −$294.60K |
| 2024-07 | −$841.07K |
| 2024-06 | −$981.54K |
| 2024-05 | −$765.60K |
C000017390 Debt Constituents
Largest debt holdings of TCW High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Tenet Healthcare Corp. | 2.19% |
| Centene Corp. | 1.88% |
| Ford Motor Credit Co. LLC | 1.81% |
| Cco Hldgs Llc/cap Corp. | 1.66% |
| Warnermedia Holdings, Inc. | 1.54% |
| CSC Holdings LLC | 1.47% |
| Pilgrim's Pride Corp. | 1.42% |
| Vici Properties LP | 1.41% |
| Transdigm, Inc. | 1.33% |
| Wynn Las Vegas Llc/corp | 1.29% |
C000017390 Prospectus and SEC Filings
Official TCW High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-02-28
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2024-12-20
- Portfolio holdings (N-PORT) — filed 2024-09-20
- Portfolio holdings (N-PORT) — filed 2024-06-25
- Annual census (N-CEN) — filed 2025-01-10
- Annual census (N-CEN) — filed 2024-01-04
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.