TCW High Yield Bond Fund (TGHYX)
The investment seeks to maximize income and achieve above average total return consistent with reasonable risk over a full market cycle. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in high yield/below investment grade bonds (commonly known as "junk bonds"). It may invest up to 20% of its net assets in equity securities (including common stock and convertible and non-convertible preferred stocks) and bank loans of companies in the high yield universe. The fund may also invest in debt securities.
Fund Info
US87234N7084
87234N708
Feb 26, 1993
$2,000
Expense Ratio
TGHYX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TCW High Yield Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
TGHYX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TGHYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.07% | -0.23% | 0.83% | -1.32% | 1.17% | 0.43% | 1.10% | 1.53% | 1.34% | -0.60% | 4.50% | ||
| 2023 | 3.25% | -2.23% | 1.37% | 0.68% | -1.01% | 0.62% | 1.19% | -0.07% | -1.42% | -1.45% | 4.02% | 3.38% | 8.40% |
| 2022 | -2.33% | -1.17% | -0.57% | -3.67% | 0.54% | -5.74% | 5.42% | -2.04% | -4.38% | 2.03% | 2.21% | -0.06% | -9.83% |
| 2021 | -0.09% | -0.09% | -0.44% | 0.88% | 0.06% | 0.79% | 0.20% | 0.35% | -0.09% | -0.66% | -0.87% | -0.77% | -0.74% |
| 2020 | 0.07% | -0.09% | -7.28% | 4.91% | 2.90% | 0.50% | 3.61% | 0.36% | -1.13% | 0.45% | 3.00% | 0.94% | 7.97% |
| 2019 | 3.39% | 1.04% | 1.04% | 1.03% | -0.55% | 1.82% | 0.65% | 0.81% | 0.34% | 0.22% | -0.24% | 1.00% | 11.01% |
| 2018 | 0.20% | -0.87% | -0.56% | 0.25% | 0.14% | -0.23% | 0.25% | 0.25% | 0.08% | -1.20% | -0.24% | -1.39% | -3.28% |
| 2017 | 0.39% | 0.71% | 0.37% | 0.84% | 0.55% | 0.36% | 0.68% | -0.08% | 0.52% | 0.20% | -0.08% | -0.09% | 4.45% |
| 2016 | 0.03% | 0.50% | 0.88% | 1.45% | 0.07% | 0.23% | 1.50% | 1.16% | 0.40% | -0.08% | -0.27% | 1.18% | 7.27% |
| 2015 | 0.85% | 1.43% | -0.27% | 0.84% | 0.21% | -1.50% | 0.71% | -1.20% | -1.56% | 2.22% | -0.61% | -1.27% | -0.25% |
| 2014 | 0.43% | 1.67% | 0.08% | 0.58% | 0.73% | 1.01% | -1.61% | 1.45% | -2.56% | 1.16% | -0.39% | -0.40% | 2.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, TGHYX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TCW High Yield Bond Fund (TGHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TCW High Yield Bond Fund provided a 3.36% dividend yield over the last twelve months, with an annual payout of $1.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.03 | $1.20 | $1.20 | $0.50 | $0.70 | $0.85 | $0.52 | $0.83 | $1.06 | $1.09 | $1.01 |
Dividend yield | 3.36% | 3.94% | 4.11% | 1.48% | 2.03% | 2.59% | 1.73% | 2.61% | 3.39% | 3.62% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for TCW High Yield Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.15 | $0.15 | $0.15 | $0.03 | $0.03 | $0.17 | $0.16 | $0.16 | $0.00 | $1.06 | |
| 2023 | $0.15 | $0.03 | $0.15 | $0.15 | $0.15 | $0.03 | $0.15 | $0.03 | $0.03 | $0.03 | $0.15 | $0.15 | $1.20 |
| 2022 | $0.12 | $0.12 | $0.12 | $0.02 | $0.12 | $0.03 | $0.13 | $0.03 | $0.14 | $0.03 | $0.14 | $0.23 | $1.20 |
| 2021 | $0.02 | $0.02 | $0.10 | $0.10 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.10 | $0.04 | $0.50 |
| 2020 | $0.02 | $0.02 | $0.13 | $0.03 | $0.12 | $0.11 | $0.02 | $0.02 | $0.02 | $0.10 | $0.10 | $0.02 | $0.70 |
| 2019 | $0.03 | $0.13 | $0.13 | $0.13 | $0.03 | $0.03 | $0.11 | $0.11 | $0.11 | $0.02 | $0.02 | $0.02 | $0.85 |
| 2018 | $0.12 | $0.02 | $0.02 | $0.03 | $0.15 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.52 |
| 2017 | $0.02 | $0.02 | $0.12 | $0.12 | $0.02 | $0.12 | $0.12 | $0.02 | $0.12 | $0.12 | $0.02 | $0.02 | $0.83 |
| 2016 | $0.11 | $0.10 | $0.02 | $0.09 | $0.02 | $0.02 | $0.11 | $0.11 | $0.13 | $0.13 | $0.12 | $0.12 | $1.06 |
| 2015 | $0.12 | $0.10 | $0.12 | $0.12 | $0.12 | $0.02 | $0.12 | $0.02 | $0.12 | $0.02 | $0.11 | $0.11 | $1.09 |
| 2014 | $0.14 | $0.03 | $0.03 | $0.14 | $0.14 | $0.03 | $0.03 | $0.12 | $0.02 | $0.12 | $0.13 | $0.13 | $1.01 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the TCW High Yield 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 High Yield Bond Fund was 81.59%, occurring on Jul 3, 2008. Recovery took 378 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -81.59% | Jun 5, 2007 | 273 | Jul 3, 2008 | 378 | Jan 4, 2010 | 651 |
| -23.31% | Oct 9, 1998 | 1015 | Oct 11, 2002 | 554 | Dec 27, 2004 | 1569 |
| -16.02% | Sep 24, 2021 | 256 | Sep 29, 2022 | — | — | — |
| -15.4% | Feb 24, 2020 | 21 | Mar 23, 2020 | 50 | Jun 3, 2020 | 71 |
| -13.68% | May 17, 2011 | 98 | Oct 4, 2011 | 220 | Aug 20, 2012 | 318 |
Volatility
Volatility Chart
The current TCW High Yield Bond Fund volatility is 0.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.