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TCW Emerging Markets Income Fund
LU0726519282
CLASS IU (USD)
100.00 30/12/2011
Emerging markets diversified fixed income management
The Sub-Fund seeks high total return provided by current income and capital appreciation from investing primarily in emerging markets fixed income securities across hard currency sovereign, corporate and local currency debt. The strategy seeks to maximize risk-adjusted total returns, utilizing a traditional fixed income framework. In allocating investments among various emerging market countries, the portfolio managers seek 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, and labor conditions. The Sub-Fund may invest in distressed or defaulted corporate securities
where the portfolio managers believe the restructured enterprise valuations or liquidation valuations may significantly exceed current market values.
In addition, the Sub-Fund may invest in distressed or defaulted sovereign investments where the portfolio managers believe the expected debt sustainability of the country exceeds current market valuations.
Penelope
Foley
Group MD
PM Emerging Markets
Alex
Stanojevic
Group MD
PM Emerging Markets
David
Robbins
Group MD
PM Emerging Markets
Potentially lower rewards
Potentially higher rewards
PERFORMANCE
Historical monthly returns (in %)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
| 2025 | 1.7 | 1.4 | -1.3 | -0.2 | 1.4 | 2.6 | 5.5 | ||||||
| 2024 | -1.1 | 1.1 | 2.2 | -1.9 | 2.0 | 0.4 | 2.3 | 2.2 | 2.0 | -1.9 | 1.1 | -1.4 | 7.1 |
| 2023 | 3.0 | -2.8 | 0.9 | 1.0 | -1.2 | 1.7 | 1.7 | -1.7 | -2.9 | -1.4 | 5.6 | 4.9 | 8.7 |
| 2022 | -2.7 | -4.7 | 0.3 | -5.8 | 0.3 | -7.2 | 2.6 | -1.9 | -7.2 | 0.2 | 6.9 | 0.4 | -18.2 |
| 2021 | -1.2 | -2.3 | -1.5 | 2.4 | 1.0 | 0.4 | 0.0 | 1.1 | -3.1 | -0.5 | -3.0 | 1.7 | -5.1 |
| 2020 | 1.4 | -2.0 | -18.4 | 3.2 | 7.5 | 4.4 | 4.7 | 1.2 | -2.2 | 0.2 | 5.5 | 2.5 | 5.4 |
| 2019 | 5.4 | 1.3 | 1.0 | 0.5 | -0.6 | 4.2 | 1.3 | -0.9 | -0.2 | 0.5 | -0.7 | 3.1 | 15.8 |
| 2018 | 0.7 | -1.8 | -0.2 | -1.4 | -1.7 | -1.7 | 2.9 | -3.0 | 2.2 | -2.3 | -1.1 | 1.0 | -6.4 |
| 2017 | 1.8 | 2.4 | 0.5 | 1.7 | 0.4 | -0.5 | 1.2 | 2.0 | 0.1 | 0.2 | 0.4 | 0.7 | 11.4 |
| 2016 | -0.8 | 1.8 | 3.6 | 2.6 | 0.0 | 3.8 | 2.0 | 2.3 | 0.9 | -0.6 | -3.8 | 1.9 | 14.3 |
| 2015 | -1.2 | 0.7 | -0.2 | 1.9 | -0.4 | -1.9 | 0.2 | -1.3 | -1.8 | 2.6 | -0.3 | -1.8 | -3.4 |
| 2014 | -1.5 | 2.8 | 0.8 | 0.6 | 3.5 | 1.0 | -0.4 | 0.1 | -2.4 | 1.3 | -1.4 | -4.1 | 0.0 |
| 2013 | 1.4 | -0.3 | -0.4 | 2.3 | -2.9 | -4.7 | -0.1 | -3.2 | 2.3 | 2.7 | -1.4 | 0.1 | -4.4 |
| 2012 | 1.4 | 3.3 | 1.1 | 1.1 | -3.3 | 3.5 | 4.2 | 1.5 | 1.9 | 2.4 | 1.4 | 2.0 | 22.3 |
| 2011 | 0.0* | 0.0 |
*Since inception (December 30th 2011) to December 31st 2011.
Figures based on month-end NAVs
Statistics (in %) as of 30 jun 2025
| Performance | Risk | |||||||
| 1M | 3M | 6M | 1Y | 3Y | Since inception | Annualized volatility | Max DD | |
| Fund | 2.6 | 3.8 | 5.5 | 10.0 | 23.4 | 56.8 | 9.8 | -27.8 |
First NAV : 30Dec2011 – NAV at inception : USD 100.
All figures based on month-end NAVs. Risk data calculated since inception.
Information
| Fund Type | Luxembourg SICAV – UCITS |
| Income treatment | Accumulation / Distribution, according to classes |
| Launch date | 30 December 2011 |
| Base currency | USD |
| Available currencies | USD EUR, GBP, CHF (hedged & unhedged) |
| Manager | TCW Investment Management Company LLC www.tcw.com |
| Quotation (NAV calcultation) | Daily (business days) |
| Administrator | Société Générale, Luxembourg Branch |
| Subscription/Redemption | Day D, cut-off 5pm CET |
| Management fee | 0.70% p.a. for class I 1.50% p.a. for class A |
| Performance fee | None |
| Min. initial investment | Class A : None Class I : USD 1 mio or equivalent |
| Lock-up | None |
| Commercial fees (entry/exit) | None |
| Custodian bank | Société Générale, Luxembourg Branch |
| Auditors | Deloitte Audit |
| Swiss legal representative | Acolin Fund Services AG |
| Registration for distribution | AT, BE, CH, DE, ES, FR, GB, IT, LU (as per shares) – Contact us |
TCW FUNDS LATEST NEWS
Penelope D. Foley- bio (EN)
Ms. Foley is a Portfolio Manager for the TCW Emerging Markets Group and currently serves on the board of the TCW Group, Inc. Prior to joining TCW in 1990, Ms. Foley was a Senior Vice President of Drexel Burnham Lambert where she was involved in the management of DBL...
Alex Stanojevic- bio (EN)
Mr. Stanojevic is a Portfolio Manager for the TCW Emerging Markets Group. Prior to this, he served as the team’s Head Trader, where he was responsible for trading emerging markets fixed income assets and determining relative value opportunities in the investable...
David I. Robbins- bio (EN)
Mr. Robbins is a Portfolio Manager for the TCW Emerging Markets Group. Prior to joining TCW in 2000, Mr. Robbins was with Lehman Brothers where he was responsible for global emerging markets trading in the Fixed Income division. Prior to that, he worked at Morgan...
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