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TCW High Yield Bond Fund
LU1377851966
CLASS IU (USD)
100.00 11/03/2016
The US High Yield performance with a high credit quality
The Sub-Fund seeks high total return provided by current income and capital appreciation. To achieve this objective, the Sub-Fund invests at least 80% of its net assets in high yield bonds of U.S. issuers (which means issuers of securities traded on the U.S. domestic market, or issuers residing in the U.S. and/or whose main business and/or principal registered office are located in the U.S.), which are rated below investment grade or are unrated and determined by the Investment Manager to be of similar quality.
Jerry
Cudzil
Managing Director,
Head of Credit Trading
Steven
Purdy
Managing Director,
Head of Credit Trading
Brian
Gelfand
Group MD,
Co-Head of Global Credit
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 | 1.1 | 0.5 | -0.5 | 0.2 | 1.3 | 1.6 | 0.2 | 0.8 | 0.7 | 6.1 | |||
| 2024 | 0.1 | -0.1 | 0.8 | -1.0 | 0.9 | 0.9 | 1.5 | 1.5 | 1.2 | -0.7 | 0.8 | -0.5 | 5.7 |
| 2023 | 2.9 | -1.7 | 1.7 | 0.5 | -1.2 | 1.0 | 1.1 | -0.1 | -1.3 | -0.9 | 4.1 | 3.5 | 9.8 |
| 2022 | -2.6 | -1.5 | -0.8 | -3.7 | -0.6 | -6.0 | 5.6 | -2.4 | -3.9 | 2.1 | 1.4 | -0.1 | -12.4 |
| 2021 | 0.1 | -0.1 | -0.3 | 1.0 | 0.2 | 1.1 | 0.3 | 0.5 | 0.2 | -0.6 | -1.1 | 1.7 | 3.1 |
| 2020 | 0.2 | -0.3 | -6.1 | 5.1 | 2.8 | 1.5 | 4.2 | 0.7 | -1.0 | 0.5 | 3.2 | 1.3 | 12.2 |
| 2019 | 3.5 | 1.4 | 0.9 | 1.2 | -0.2 | 1.9 | 0.7 | 0.4 | 0.4 | 0.6 | -0.1 | 1.3 | 12.6 |
| 2018 | 0.4 | -0.7 | -0.3 | 0.5 | 0.1 | 0.2 | 0.6 | 0.5 | 0.4 | -0.8 | 0.1 | -1.2 | -0.2 |
| 2017 | 0.7 | 1.4 | 0.2 | 0.8 | 0.9 | 0.2 | 0.5 | 0.3 | 0.5 | 0.3 | 0.0 | 0.3 | 6.3 |
| 2016 | 0.0* | 2.0 | 0.7 | 0.5 | 1.0 | 1.5 | 0.2 | 0.3 | -0.2 | 1.4 | 7.6 |
*Since inception (March 11th 2016) to December 31st 2016.
Figures based on month-end NAVs
Statistics (in %) as of 30 sep 2025
| Performance | Risk | |||||||
| 1M | 3M | 6M | 1Y | 3Y | Since inception | Annualized volatility | Max DD | |
| Fund | 0.7 | 1.7 | 4.9 | 5.7 | 27.3 | 60.5 | 5.8 | -15.3 |
First NAV : 11Mar2016 – 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 | 11 March 2016 |
| 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 | 0.50% 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 | BE, CH, DE, FR, GB, IT, LU (as per shares) – Contact us |
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