Fund Evaluator:
TCW Global Bond N (TGGFX)
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Fund Details
TCW Global Bond N Overview
TCW Global Bond N (TGGFX) is an actively managed Taxable Bond Global Bond fund. TCW launched the fund in 2011.
The investment seeks total return. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in debt securities. It does not limit its investments to a particular credit or ratings category and may invest up to 35% of its net assets in below investment grade bonds (commonly referred to as "junk bonds"). The fund invests in corporate debt securities of issuers in a number of countries, which may include the United States. It invests in securities of issuers located in developed and emerging market countries.
About TCW Global Bond N (TGGFX)
There are 5 members of the management team with an average tenure of 2.42 years: Bryan Whalen (2020), Ruben Hovhannisyan (2025), Jamie Patton (2025), Julio Carrión (2025), David Robbins (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Bloomberg Global Aggregate TR USD index with a weighting of 100%. TCW Global Bond N has 332 securities in its portfolio. The top 10 holdings constitute 34.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
TCW Global Bond N is part of the Fixed Income global asset class and is within the Taxable Bond fund group. TCW Global Bond N has 47.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 86.2% (38.8% domestic bond, 47.4% foreign bond and 0.0% convertible bond). TCW Global Bond N has 13.7% of the portfolio in cash.
Assets Under Management
The fund has $8 million in total assets, which is below the $422 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TGGFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TCW Global Bond N expense ratio is above average compared to funds in the Global Bond category. TCW Global Bond N has an expense ratio of 0.70%, which is 27% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. TCW Global Bond N has a portfolio turnover rate of 266%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Global Bond category.
Recently, in the month of July 2026, TCW Global Bond N returned -0.6%, which earned it a grade of C, as the Global Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
TCW Global Bond N has a trailing yield of 4.13%, which is below the 4.17% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
TCW Global Bond N Grades
Year to date, the fund has returned -1.0%, 0.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 1.7% over the past year (grade of D), 3.6% over the past three years (grade of C) and -1.8% per year over the past five years (grade of C) and 0.7% per year over the past 10 years (grade of C).
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TGGFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TGGFX Return (NAV) | -0.6% | -1.0% | 1.7% | 3.6% | -1.8% | 0.7% |
| TGGFX Grade | C | D | D | C | C | C |
| +/- Category | -0.3% | -0.8% | -1.1% | -0.3% | -1.1% | -0.2% |
| Global Bond Avg | -0.3% | -0.2% | 2.9% | 3.8% | -0.7% | 0.9% |
| TGGFX Tax Cost Ratio | na | na | 1.6% | 1.4% | 1.1% | 1.0% |
TGGFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TGGFX Return (NAV) | -1.0% | 10.1% | -2.4% | 6.9% | -17.2% | -4.8% | 12.2% | 8.2% | -1.8% | 6.0% | 1.4% |
| TGGFX Grade | D | B | D | B | D | C | A | B | B | D | F |
| +/- Category | -0.8% | 0.6% | -1.4% | 0.4% | -3.3% | -0.4% | 4.4% | 1.0% | 0.4% | -1.9% | -2.2% |
| Global Bond Avg | -0.2% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.7% |
| Risk Measures | |
| Standard Deviation: | 8.0% |
| Total Risk Index: | 0.65 - Below Average |
| Category Risk Index: | 1.16 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 1.31 |
| R-Squared: | 85% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 4.1% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $19 Mil |
| Fund Total Assets: | $ 9 Mil |
| Share Class Type: | N |
| Portfolio Turnover: | 266% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 6.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Whalen Bryan (2020), Hovhannisyan Ruben (2025), Patton Jamie (2025), Carrión Julio (2025), Robbins David (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 332 |
| % in Top 10 Holdings: | 34.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 47.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 38.8% |
| Foreign Bond: | 47.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 13.7% |
Purchase Information
| Fund Family: | TCW |
| Phone Number: | 800-248-4486 |
| Website: | www.tcw.com |
| Status: | Open |
| Inception Date: | November 30, 2011 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.70% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | TCW Global Bond I |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
