TCW Emerging Markets Multi-Asset Opportunities Fund
Data updated: 2023-09-12
C000127918 — TCW Emerging Markets Multi-Asset Opportunities Fund. Emerging Markets Multi-Cap / All-Cap Equity. Holdings, fees, performance and SEC filings.
C000127918 Fund Overview
TCW Emerging Markets Multi-Asset Opportunities Fund is a US mutual fund managed by Tcw Funds INC, categorised as Emerging Markets Multi-Cap / All-Cap Equity. 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: Emerging Markets Multi-Cap / All-Cap Equity
- Assets under management: $35.89M
- 1-year return: 2.8%
- SEC CIK: 0000892071
- SEC series ID: S000041258
- Share class ID: C000127918
C000127918 Investment Objective and Strategy
TCW Emerging Markets Multi-Asset Opportunities 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 current income and long-term capital appreciation. This investment objective may be changed without shareholder approval.
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 debt and equity securities issued or guaranteed by companies, financial institutions and government entities in Emerging Market Countries (as defined below). If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of such change. The debt securities in which the Fund invests may consist of securities that are unrated or rated BB or lower by Standard & Poors or Ba or lower by Moodys. Debt securities rated below investment grade are high yield, high risk securities, commonly known as junk bonds. In the case of unrated securities, the portfolio managers may assign ratings to certain of these securities, after assessing their credit quality in categories similar to those of nationally recognized statistical rating organizations.
The Fund may invest in fixed income securities of any duration. The Fund may invest in other pooled investment vehicles, including registered investment companies (to the extent permitted by the Investment Company Act of 1940, as amended (the 1940 Act )) and collective investments not subject to registration under the 1940 Act. The Fund may invest in exchange-traded funds ( ETFs ) and exchange-traded notes ( ETNs ). An Emerging Market Country includes all of the countries in the JPMorgan Emerging Markets Bond Index Global Diversified, the JPMorgan Corporate Emerging Markets Bond Index Broad Diversified and the JPMorgan Global Bond Index Emerging Markets. In allocating investments among various Emerging Market Countries, the portfolio managers attempt to analyze internal political, market and economic factors.
These factors include, but are not limited to: Public finances Monetary policy External accounts Financial markets Foreign investment regulations Exchange rate policy Labor conditions Political outlook Structural reform policy Certain countries require governmental approval prior to direct equity investments by foreign persons such as the Fund. If considered likely to help the Fund in achieving its investment objectives, the Fund may seek authorization to effect direct equity investments in such countries from their respective governments. The Fund may invest in foreign debt and equity securities, which may or may not be listed on a recognized securities exchange or be publicly traded, including common or preferred stock, depositary shares, convertible debt, warrants and options to purchase equity securities.
The debt securities acquired by the Fund may be issued by foreign government or corporate entities and may be convertible securities or other securities that may have fixed or variable interest rates of any maturity. These securities may be denominated in U.S. dollars, Emerging Markets countries currencies or other foreign currencies. The relative percentages of debt and equity in the Funds portfolio will fluctuate with the monetary, fiscal and exchange rate policies of various foreign countries and the portfolio managers view of the relative value of each segment of the market. The Fund may also purchase assignments of or participations in loans made by financial institutions to emerging markets borrowers and invest in other funds, including funds affiliated with the Funds investment advisor or its affiliates that specialize in international investments.
The Fund may invest in defaulted corporate securities when the portfolio managers believe the restructured enterprise valuations or liquidation valuations of such securities may significantly exceed their current market values. In addition, the Fund may invest in defaulted sovereign investments when the portfolio managers believe the expected debt sustainability of the country issuing such investments exceeds current market valuations. The Fund may use derivative instruments, such as credit-linked notes, structured investments, options, futures, and options on futures (including those related to options, securities, foreign currencies, indexes and interest rates), forward contracts, swaps (including interest rate and credit default swaps) and options on swaps, as a substitute for investing directly in specific securities or currencies, to increase returns, to manage credit or interest rate risk, to manage the effective maturity or duration of the Funds investment portfolio or as part of an overall hedging strategy.
Swap agreements can be used to transfer the credit risk of a security without actually transferring ownership of the security or to customize exposure to a particular issuer. The Fund also may make forward commitments in which the Fund agrees to buy or sell a security in the future at a price agreed upon at the time of the commitment. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. Portfolio securities and other instruments may be sold for a number of reasons, including when the portfolio managers believe that (i) an individual security or instrument has reached its sell target, (ii) there has been a deterioration in the underlying or credit fundamentals of an issuer, (iii) there are negative macroeconomic or geopolitical considerations that may affect an issuer, (iv) another security or instrument may offer a better investment opportunity, or (v) the portfolio should be rebalanced for diversification or portfolio weighting purposes.
C000127918 Performance
Total returns for C000127918 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.8% |
| 3 years (annualised) | -4.2% |
C000127918 Risk Information
Risk metrics for C000127918, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.6%
C000127918 Costs and Fees
C000127918 costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.47%
- Portfolio turnover: 234%
- Brokerage commissions: 57.06 bps of average net assets (SEC N-CEN)
C000127918 Cashflows
Over the 12 months to 2023-07, TCW Emerging Markets Multi-Asset Opportunities Fund had net outflows of $11.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | −$340.78K |
| 2023-06 | −$519.56K |
| 2023-05 | −$668.99K |
| 2023-04 | −$905.95K |
| 2023-03 | −$500.41K |
| 2023-02 | −$1.11M |
C000127918 Debt Constituents
No individual debt constituents are reported in TCW Emerging Markets Multi-Asset Opportunities Fund's latest SEC N-PORT filing.
C000127918 Prospectus and SEC Filings
Official TCW Emerging Markets Multi-Asset Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-02-28
- Prospectus (485BPOS) — filed 2022-02-28
- Prospectus (485BPOS) — filed 2021-02-26
- Portfolio holdings (N-PORT) — filed 2023-09-12
- Portfolio holdings (N-PORT) — filed 2023-06-15
- Portfolio holdings (N-PORT) — filed 2023-03-21
- Annual census (N-CEN) — filed 2023-01-06
- Annual census (N-CEN) — filed 2022-01-11
Related Funds
Related 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.