TCW Emerging Markets Local Currency Income Fund (TGWIX)

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TCW Emerging Markets Local Currency Income Fund (TGWIX) is up 4.6% since the beginning of the year. TGWIX is currently trading at $8 per share. Investors who bought $1,000 worth of TGWIX shares 5 years ago would now be looking at an investment worth $1,135.

TCW Emerging Markets Local Currency Income Fund (TGWIX) has returned 4.57% so far this year and 13.69% over the past 12 months. Over the last ten years, TGWIX has returned 3.19% 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, 2011, TGWIX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 56% of months were positive and 44% were negative. The best month was Mar 2016 with a return of +8.8%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, TGWIX closed higher 47% of trading days. The best single day was Mar 17, 2016 with a return of +3.6%, while the worst single day was Mar 12, 2020 at -4.6%.

TCW Emerging Markets Local Currency Income Fund has an annualized alpha of -0.31%, beta of 0.18, and R2 of 0.12 versus S&P 500 Index. Calculated based on daily prices since January 03, 2011.

• This fund participated in 60.47% of S&P 500 Index downside but only 32.40% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.18 may look defensive, but with R2 of 0.12 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 0.12 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.

TGWIX has an expense ratio of 0.85%, placing it in the medium range.

TGWIX ranks 35 for risk / return — below 35% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

TCW Emerging Markets Local Currency Income Fund provided a 5.87% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for TCW Emerging Markets Local Currency Income 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 Emerging Markets Local Currency Income 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 Emerging Markets Local Currency Income Fund was 31.56%, occurring on Jan 20, 2016. Recovery took 2459 trading sessions.

The current TCW Emerging Markets Local Currency Income Fund drawdown is 0.10%.

The chart below shows the rolling one-month volatility.