TCW Global Bond Fund (TGGBX)

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TCW Global Bond Fund (TGGBX) is up 0.4% since the beginning of the year. TGGBX is currently trading at $8 per share. Investors who bought $1,000 worth of TGGBX shares 5 years ago would now be looking at an investment worth $937.

TCW Global Bond Fund (TGGBX) has returned 0.35% so far this year and 2.84% over the past 12 months. Over the last ten years, TGGBX has returned 1.04% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.

Based on dividend-adjusted daily data since Jan 3, 2012, TGGBX's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, an investment would double in approximately 38.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +6.1%, while the worst month was Sep 2022 at -6.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, TGGBX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +2.6%, while the worst single day was Mar 18, 2020 at -3.2%.

TCW Global Bond Fund has an annualized alpha of 1.24%, beta of 0.03, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2012.

• This fund participated in 29.39% of S&P 500 Index downside but only 16.37% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TGGBX has an expense ratio of 0.60%, placing it in the medium range.

TGGBX ranks 7 for risk / return — in the bottom 7% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

TCW Global Bond Fund provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

The table displays the monthly dividend distributions for TCW Global Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the TCW Global Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the TCW Global Bond Fund was 27.37%, occurring on Oct 21, 2022. The portfolio has not yet recovered.

The current TCW Global Bond Fund drawdown is 8.82%.

The chart below shows the rolling one-month volatility.