The TCW Group, a global asset management firm, announced today that its MetWest AlphaTrak 500 Fund (MWATX) received a Lipper Award in the U.S. Large-Cap Core Funds category for the 10-year period.
“This award reflects TCW’s focus on providing our clients with effective investment solutions to meet their needs through constantly changing market environments,” said David Lippman, President and Chief Executive Officer of TCW. “Lipper’s recognition is an acknowledgement of our strength and legacy in fixed income markets, as well as the effectiveness of our team-based, disciplined investment process.”
The MetWest AlphaTrak 500 Fund, one of TCW’s longest standing mutual funds, is a futures-based enhanced equity indexing fund that utilizes a combination of S&P 500 stock index futures or total return swaps and a low duration bond portfolio that backs the futures contracts that seeks to achieve outperformance of the S&P 500 Index. The Fund provides an opportunity to closely track the S&P 500 index while providing the potential for modest excess returns versus the index provided the short-term bond portfolio outperforms the implied financing rate of the S&P 500.
For more than three decades, these awards have recognized funds and fund management firms for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers. Based on Lipper’s quantitative, proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance.
About The TCW Group
TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With more than four decades of investment experience, TCW today manages approximately $217 billion in client assets. Through the MetWest Funds and TCW Funds families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.
Obtain a Prospectus
You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A Fund’s Prospectus and Summary Prospectus contain this and other information about the Fund. To receive a TCW Funds, MetWest Funds and/or TCW Alternative Funds Prospectus, please call 877-829-4768 or you may download the Prospectus from the Funds’ website at TCW.com. Please read it carefully.
A Word About Risk
It is important to note that the Funds are not guaranteed by the U.S. Government. Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal.
Mortgage-backed and other asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. MBS related to floating rate loans may exhibit greater price volatility than a fixed rate obligation of similar credit quality. With respect to non-agency MBS, there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Non-agency MBS are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee.
Fund share prices and returns will fluctuate with market conditions, currencies, and the economic and political climates where the investments are made. Emerging markets securities carry special risks, such as less developed or less efficient trading markets, a lack of company information, and differing auditing and legal standards. The securities markets of emerging markets countries can be extremely volatile. The Fund’s investments denominated in foreign currencies will decline in value if the foreign currency declines in value relative to the U.S. dollar. Past performance is no guarantee of future results.
TCW, MetWest, and TCW Alternative Funds are distributed by TCW Funds Distributors LLC, a subsidiary of The TCW Group, Inc. (TCW). The TCW and TCW Alternative Funds are advised by TCW Investment Management Company LLC. The MetWest Funds are advised by Metropolitan West Asset Management, LLC, which is a wholly-owned subsidiary of The TCW Group, Inc.
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SOURCE: The TCW Group
Head of Corporate Marketing and Communications
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