TCW Developing Markets Equity Fund

Data updated: 2023-09-12

C000157299 — TCW Developing Markets Equity Fund. Emerging Markets Real Estate · $2.82M AUM · 0.95% expense ratio. Holdings, fees, performance and SEC filings.

C000157299 Fund Overview

TCW Developing Markets Equity Fund is a US mutual fund managed by Tcw Funds INC, categorised as Emerging Markets Real Estate. 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 Real Estate
Assets under management: $2.82M
1-year return: -7.3%
SEC CIK: 0000892071
SEC series ID: S000049790
Share class ID: C000157299

C000157299 Investment Objective and Strategy

TCW Developing Markets Equity 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 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 equity securities issued by companies and financial institutions domiciled or with primary business operations in, or with the majority of their net assets in or revenues or net income deriving from, Developing 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. Equity securities include common and preferred stock; equity securities of foreign companies listed on established exchanges, including NASDAQ; American Depository Receipts (ADRs); Global Depository Receipts (GDRs); equity linked notes or similar structures; securities that may be converted into or exchanged for common or preferred stock, such as convertible stock, convertible debt, preferred stock, Eurodollar convertible securities, warrants and options; and other securities with equity characteristics; but do not include any derivatives in which the Fund may invest.

The Fund may invest in securities or other financial instruments issued by companies in the financial services sector, including, without limitation, the banking, brokerage and insurance industries. The Fund may invest in foreign equity securities, which may or may not be listed on a recognized securities exchange or be publicly traded. These securities may be denominated in U.S. dollars, Developing Markets Countries currencies or other foreign currencies. The Fund has no limit on the portion of its assets that may be invested in any country, and may invest in companies of any size. The portfolio managers invest in those securities that they think provide the best opportunity to achieve the Funds objective. The Fund may invest in other pooled investment vehicles (both investment companies registered under the Investment Company Act of 1940, as amended (the 1940 Act ), and collective investments not subject to registration under the 1940 Act), including, without limitation, exchange-traded funds ( ETFs ), exchange-traded notes ( ETNs ), and real estate investment trusts ( REITs ), to the extent permitted by the 1940 Act.

A Developing Market Country is a country that has a developing economy or market and is considered a developing country by the International Bank of Reconstruction and Development or any affiliate thereof as well as The Bahamas, Bahrain, Barbados, Bermuda, Brunei, Croatia, Czech Republic, Estonia, Greece, Hungary, North Korea, Kuwait, Latvia, Macau, Poland, Qatar, Russia, Saudi Arabia, Slovak Republic, Slovenia, Trinidad & Tobago and the United Arab Emirates. In allocating investments among various Developing 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 Environmental, social and governance factors 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 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, and swaps for investment management (e.g., as a substitute for investing directly in specific securities or currencies or to increase returns) and hedging purposes. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund. The investment process employed by the Funds portfolio managers is a combination of systematic quantitative techniques with focused fundamental research.

Proprietary quantitative tools are used to narrow the universe and help focus fundamental research on a smaller list of attractive stocks by sifting through the vast investment opportunity set to identify companies with strong or improving earnings growth, robust cash flows and attractive valuations. Focused and in-depth fundamental research and analysis is undertaken by a team of analysts on these stocks emphasizing management quality and track record and conducting scenario analysis based on a companys forward prospects to highlight bull, bear and base case expected returns. Best ideas are then considered for inclusion into the portfolio with the goal of building a well-diversified portfolio of the managers best stock ideas. The number of securities in the Fund will typically range between 60 and 120.

Portfolio securities may be sold for a number of reasons, including when a company fails to meet expectations or when the portfolio managers believe that (i) there has been a deterioration in the underlying fundamentals of a company, (ii) the intermediate- and long-term prospects for a company are poor, (iii) another security may offer a better investment opportunity, (iv) an individual security has reached its sell target, or (v) the portfolio should be rebalanced for diversification or portfolio weighting purposes.

C000157299 Performance

Total returns for C000157299 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-7.3%
3 years (annualised)	-8.3%

C000157299 Risk Information

Risk metrics for C000157299, derived from monthly returns in SEC filings.

1-year volatility (annualised): 20.5%

C000157299 Costs and Fees

C000157299 costs about $95 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.95%
Gross expense ratio: 4.39%
Portfolio turnover: 333%
Brokerage commissions: 104.32 bps of average net assets (SEC N-CEN)

C000157299 Cashflows

Over the 12 months to 2023-07, TCW Developing Markets Equity Fund had net outflows of $1.49M, from monthly SEC N-PORT filings.

Month	Net flow
2023-07	$0
2023-06	−$434
2023-05	$670
2023-04	$0
2023-03	−$1.62M
2023-02	$7.91K

C000157299 Debt Constituents

No individual debt constituents are reported in TCW Developing Markets Equity Fund's latest SEC N-PORT filing.

C000157299 Prospectus and SEC Filings

Official TCW Developing Markets Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Real Estate 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.