TCW Short Term Bond Fund (TGSMX)
Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in a diversified portfolio of debt securities of varying maturities, including bonds, notes and other similar fixed income instruments issued by governmental or private sector issuers. It may invest up to 10% of its net assets in below investment grade bonds (commonly known as "junk bonds"). The fund may invest in derivative instruments such as options, futures and swap agreements for investment management or hedging purposes.
Fund Info
| ISIN | US87234N8561 |
|---|---|
| CUSIP | 87234N856 |
| Issuer | TCW |
| Inception Date | Feb 26, 1993 |
| Category | Ultrashort Bond |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
TGSMX has a high expense ratio of 0.44%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TCW Short Term 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
TCW Short Term Bond Fund had a return of 1.34% year-to-date (YTD) and 4.47% in the last 12 months. Over the past 10 years, TCW Short Term Bond Fund had an annualized return of 1.45%, while the S&P 500 had an annualized return of 10.97%, indicating that TCW Short Term Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.34% | 11.29% |
| 1 month | 0.97% | 4.87% |
| 6 months | 3.48% | 17.88% |
| 1 year | 4.47% | 29.16% |
| 5 years (annualized) | 1.81% | 13.20% |
| 10 years (annualized) | 1.45% | 10.97% |
Monthly Returns
The table below presents the monthly returns of TGSMX, 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 | 0.48% | -0.24% | 0.48% | -0.36% | 1.34% | ||||||||
| 2023 | 1.44% | -0.88% | 1.31% | 0.33% | -0.15% | -0.15% | 0.43% | 0.33% | -0.24% | -0.00% | 1.72% | 1.25% | 5.49% |
| 2022 | -0.21% | -0.21% | -0.92% | -0.45% | 0.63% | -0.63% | 0.69% | -0.51% | -1.36% | -0.65% | 1.45% | 0.09% | -2.06% |
| 2021 | 0.09% | 0.21% | 0.09% | 0.21% | -0.02% | 0.00% | 0.00% | 0.00% | 0.23% | -0.12% | -0.12% | 0.05% | 0.63% |
| 2020 | 0.35% | 0.35% | -0.93% | 0.46% | 0.21% | 0.44% | 0.17% | 0.17% | 0.06% | 0.06% | 0.29% | 0.17% | 1.82% |
| 2019 | 0.32% | 0.20% | 0.46% | 0.23% | 0.46% | 0.49% | 0.01% | 0.56% | 0.02% | 0.26% | -0.00% | 0.35% | 3.41% |
| 2018 | 0.05% | 0.05% | 0.18% | 0.06% | 0.41% | -0.04% | 0.08% | 0.19% | 0.08% | 0.09% | 0.20% | 0.56% | 1.93% |
| 2017 | 0.11% | 0.12% | 0.02% | 0.14% | 0.04% | 0.04% | 0.16% | 0.17% | -0.06% | 0.05% | 0.05% | 0.05% | 0.88% |
| 2016 | 0.04% | 0.04% | 0.16% | 0.16% | -0.07% | 0.28% | -0.04% | -0.02% | 0.34% | -0.01% | -0.01% | -0.01% | 0.85% |
| 2015 | 0.19% | -0.03% | 0.08% | -0.01% | 0.10% | -0.13% | -0.03% | 0.06% | 0.03% | 0.03% | -0.07% | 0.04% | 0.26% |
| 2014 | 0.14% | 0.09% | -0.03% | 0.08% | 0.19% | -0.02% | -0.03% | 0.08% | -0.03% | 0.08% | 0.08% | -0.13% | 0.49% |
| 2013 | 0.06% | 0.06% | 0.18% | 0.08% | -0.12% | -0.14% | 0.11% | 0.03% | 0.06% | 0.28% | 0.06% | 0.06% | 0.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TGSMX is 85, placing it in the top 15% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
TGSMX (TCW Short Term Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TCW Short Term Bond Fund (TGSMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TCW Short Term Bond Fund granted a 4.35% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.31 | $0.19 | $0.15 | $0.11 | $0.28 | $0.19 | $0.16 | $0.07 | $0.07 | $0.09 | $0.12 |
Dividend yield | 4.35% | 3.75% | 2.26% | 1.81% | 1.22% | 3.25% | 2.26% | 1.81% | 0.85% | 0.84% | 1.07% | 1.41% |
Monthly Dividends
The table displays the monthly dividend distributions for TCW Short Term 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 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.31 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.05 | $0.15 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.02 | $0.02 | $0.28 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the TCW Short Term 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 Short Term Bond Fund was 7.58%, occurring on May 15, 2009. Recovery took 168 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.58% | Feb 4, 2008 | 323 | May 15, 2009 | 168 | Jan 14, 2010 | 491 |
| -4.08% | Oct 12, 2021 | 269 | Nov 3, 2022 | 123 | May 3, 2023 | 392 |
| -1.28% | Mar 10, 2020 | 11 | Mar 24, 2020 | 68 | Jun 30, 2020 | 79 |
| -1.02% | Dec 5, 2001 | 13 | Dec 21, 2001 | 28 | Feb 4, 2002 | 41 |
| -1.02% | Aug 5, 2011 | 42 | Oct 4, 2011 | 77 | Jan 25, 2012 | 119 |
Volatility
Volatility Chart
The current TCW Short Term Bond Fund volatility is 0.54%, 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.