TGWIX Performance — TCW Emerging Markets Local Currency Income Fund, I Class
Data updated: 2026-09-28
TGWIX returned +3.62% year to date and +11.98% over one year to Jul 2026. Annualised returns are +7.09% over 3 years and +2.59% over 5 years. Against its Emerging Markets Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $123, against $126 for the category, and to $112 over one year, against $109. Volatility over the past three years was 9.64% a year. In the 12 months to Jul 2026 the fund lost a net $1.6M, and assets reached $53.30M.
TGWIX Growth of $100
What $100 invested in TCW Emerging Markets Local Currency Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Bond category average over the same months.
| Period | TGWIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $112 | $109 |
| 3 years (Aug 2023 – Jul 2026) | $123 | $126 |
| 5 years (Aug 2021 – Jul 2026) | $114 | $115 |
| Since data start (Aug 2019 – Jul 2026) | $114 | $123 |
TGWIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.62% |
| 1 year | +11.98% |
| 3 years (annualised) | +7.09% |
| 5 years (annualised) | +2.59% |
TGWIX Annual Returns
Calendar-year total returns of TCW Emerging Markets Local Currency Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +3.62% |
| 2025 | +21.11% |
| 2024 | −3.66% |
| 2023 | +13.23% |
| 2022 | −12.30% |
| 2021 | −9.32% |
| 2020 | +1.79% |
| 2019 (Aug–Dec) | +3.00% |
TGWIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.9% | +1.5% | −7.1% | +4.4% | +1.4% | +0.5% | +0.3% | — | — | — | — | — |
| 2025 | +2.4% | +0.7% | +0.8% | +3.6% | +1.7% | +3.6% | −1.2% | +2.6% | +1.6% | +0.5% | +1.4% | +1.7% |
| 2024 | −1.5% | −1.0% | +0.1% | −2.3% | +1.9% | −1.5% | +2.0% | +3.0% | +3.7% | −5.4% | −0.2% | −2.2% |
| 2023 | +4.5% | −3.6% | +4.3% | +1.2% | −1.9% | +3.8% | +3.0% | −3.2% | −4.1% | −0.5% | +5.8% | +3.9% |
| 2022 | −0.1% | −4.1% | −1.9% | −6.1% | +1.9% | −4.9% | −0.2% | −0.1% | −4.9% | −0.4% | +6.4% | +2.1% |
| 2021 | −1.4% | −2.5% | −3.1% | +2.2% | +2.4% | −1.1% | −0.7% | +0.9% | −3.6% | −1.1% | −3.1% | +1.5% |
| 2020 | −1.6% | −3.5% | −12.6% | +4.3% | +5.7% | +0.2% | +3.1% | −0.3% | −2.4% | +0.7% | +5.7% | +4.0% |
| 2019 | — | — | — | — | — | — | — | −3.6% | +1.5% | +2.9% | −1.8% | +4.2% |
TGWIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 9.64%
- 3-year Sharpe ratio: 0.27 (vs 4.5% risk-free rate)
- Best month: +5.77% (Nov 2023)
- Worst month: −7.08% (Mar 2026)
TGWIX Fund Flows
Monthly money in and out of TCW Emerging Markets Local Currency Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.6M
- 12-month gross sales (incl. reinvestments): $16.4M
- Sales ÷ redemptions: 0.91×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $845K | $1.3M | −$406K |
| Jun 2026 | $626K | $3.9M | −$3.3M |
| May 2026 | $1.3M | $1.7M | −$394K |
| Apr 2026 | $1.3M | $1.6M | −$263K |
| Mar 2026 | $2.8M | $1.6M | $1.2M |
| Feb 2026 | $3.1M | $436K | $2.7M |
| Jan 2026 | $1.2M | $3.4M | −$2.3M |
| Dec 2025 | $1.2M | $758K | $462K |
| Nov 2025 | $623K | $1.3M | −$677K |
| Oct 2025 | $1.0M | $451K | $576K |
| Sep 2025 | $1.2M | $820K | $401K |
| Aug 2025 | $1.1M | $765K | $314K |
TGWIX Assets Under Management
Net assets of TCW Emerging Markets Local Currency Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $53.30M |
| 2026-04-30 | $57.01M |
| 2026-01-31 | $55.13M |
| 2025-10-31 | $55.08M |
| 2025-07-31 | $52.07M |
| 2025-04-30 | $53.89M |
| 2025-01-31 | $56.35M |
| 2024-10-31 | $59.39M |
| 2024-07-31 | $63.79M |
| 2024-04-30 | $64.96M |
| 2024-01-31 | $68.90M |
| 2023-10-31 | $120.71M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.