TCW Emerging Markets Income Fund
Data updated: 2026-09-28
C000263826 — TCW Emerging Markets Income Fund. Intermediate Total / Aggregate Bond · $4.15B AUM. Holdings, fees, performance and SEC filings.
C000263826 Fund Overview
TCW Emerging Markets Income Fund is a US mutual fund managed by Tcw Funds INC, categorised as Intermediate Total / Aggregate 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: Intermediate Total / Aggregate Bond
- Assets under management: $4.15B
- 1-year return: 9.0%
- SEC CIK: 0000892071
- SEC series ID: S000006338
- Share class ID: C000263826
C000263826 Investment Objective and Strategy
TCW Emerging Markets Income 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 high total return from current income and capital appreciation.
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 securities issued or guaranteed by companies, financial institutions and government entities in Emerging Market Countries (as defined in the paragraph below). If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the 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 bonds, 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 will generally invest in at least four Emerging Market Countries. 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. The Fund may invest in defaulted corporate securities where the portfolio managers believe the restructured enterprise valuations or liquidation valuations may significantly exceed current market values. In addition, the Fund may invest in defaulted sovereign investments where the portfolio managers believe the expected debt sustainability of the country 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 debt securities and 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 a 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 today. 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 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 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.
C000263826 Holdings
Top 10 holdings of TCW Emerging Markets Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Argentina Republic Government International Bonds | 1.91% |
| Argentina Republic Government International Bonds | 1.81% |
| TCW Central Cash Fund | 1.70% |
| Republic Of Angola | 1.55% |
| Republic Of Philippines | 1.52% |
| Republic Of Indonesia | 1.30% |
| Saudi Arabian Oil Co. | 1.27% |
| State Street Global Advisors | 1.27% |
| Republic Of Indonesia | 1.24% |
| Republic Of Gabon | 1.13% |
C000263826 Portfolio Allocation
Asset-class allocation of TCW Emerging Markets Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 88.8% |
| Cash & Equivalents | 9.4% |
| Equity | 1.7% |
C000263826 Performance
Total returns for C000263826 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.0% |
| 1 year | 9.0% |
C000263826 Risk Information
Risk metrics for C000263826, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.2%
C000263826 Costs and Fees
C000263826 costs about $92 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.92%
- Gross expense ratio: 1.12%
- Portfolio turnover: 67%
- Brokerage commissions: 0.05 bps of average net assets (SEC N-CEN)
C000263826 Cashflows
Over the 12 months to 2026-07, TCW Emerging Markets Income Fund had net inflows of $630.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | −$18.80M |
| 2026-06 | $43.95M |
| 2026-05 | $32.84M |
| 2026-04 | $44.23M |
| 2026-03 | −$37.83M |
| 2026-02 | $146.89M |
C000263826 Debt Constituents
Largest debt holdings of TCW Emerging Markets Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Argentina Republic Government International Bonds | 1.91% |
| Argentina Republic Government International Bonds | 1.81% |
| Republic Of Angola | 1.55% |
| Republic Of Philippines | 1.52% |
| Republic Of Indonesia | 1.30% |
| Saudi Arabian Oil Co. | 1.27% |
| Republic Of Indonesia | 1.24% |
| Republic Of Gabon | 1.13% |
| Ecopetrol SA | 1.12% |
| Argentina Republic Government International Bonds | 1.10% |
C000263826 Prospectus and SEC Filings
Official TCW Emerging Markets Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-08-25
- Prospectus (485BPOS) — filed 2025-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Intermediate Total / Aggregate 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.