Fund Evaluator:
TCW Global Real Estate I (TGREX)
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Best Performing in Global Real Estate Over the Last Year
| 11.5% | PGIM Global Real Estate Z (PURZX) |
| 11.2% | PGIM Select Real Estate Z (SREZX) |
| 10.1% | American Century Global Real Estate Y (ARYYX) |
| 10.0% | VALIC Company I Global Real Estate (VGREX) |
| 10.0% | Northern Global Real Estate Index (NGREX) |
Fund Details
TCW Global Real Estate I Overview
TCW Global Real Estate I (TGREX) is an actively managed Sector Equity Global Real Estate fund. TCW launched the fund in 2014.
The investment seeks to maximize total return from current income and long-term capital growth. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of REITs and real estate companies. Normally, it will invest in securities of issuers located in at least three different countries (one of which may be the United States) and invests at least 30% of its net assets, plus any borrowings for investment purposes, in securities of issuers domiciled outside the United States or whose primary business operations are outside the United States.
About TCW Global Real Estate I (TGREX)
There are 2 members of the management team with an average tenure of 6.13 years: Iman Brivanlou (2014), Nehal Patel (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P Global REIT TR USD index with a weighting of 100%. TCW Global Real Estate I has 34 securities in its portfolio. The top 10 holdings constitute 52.0% 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 Real Estate I is part of the Equity global asset class and is within the Sector Equity fund group. TCW Global Real Estate I has 31.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 66.5%. There is 31.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). TCW Global Real Estate I has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $202 million average for the Global Real Estate 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.
TGREX 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 Real Estate I expense ratio is high compared to funds in the Global Real Estate category. TCW Global Real Estate I has an expense ratio of 0.90%, which is 22% 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 Real Estate I has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 71% for the Global Real Estate category.
Recently, in the month of August 2026, TCW Global Real Estate I returned -2.2%, which earned it a grade of A, as the Global Real Estate category had an average return of -3.0%. 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 Real Estate I has a trailing yield of 2.77%, which is below the 2.83% category average. The fund normally distributes its income quarterly.
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 Real Estate I Grades
Year to date, the fund has returned 10.7%, 3.1 percentage points better than the category, which translates into a grade of A. The fund has returned 8.2% over the past year (grade of D), 9.8% over the past three years (grade of B) and 0.7% per year over the past five years (grade of C) and 5.9% per year over the past 10 years (grade of A).
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TGREX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TGREX Return (NAV) | -2.2% | 0.6% | 8.2% | 9.8% | 0.7% | 5.9% |
| TGREX Grade | A | C | D | B | C | A |
| +/- Category | 0.8% | 0.3% | 0.7% | 1.4% | 0.7% | 1.8% |
| Global Real Estate Avg | -3.0% | 0.3% | 7.5% | 8.4% | -0.0% | 4.1% |
| TGREX Tax Cost Ratio | na | na | 1.2% | 0.9% | 1.5% | 1.2% |
TGREX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TGREX Return (NAV) | 10.7% | 7.7% | 1.9% | 11.3% | -25.9% | 27.9% | 14.7% | 29.5% | -11.2% | 11.1% | 2.2% |
| TGREX Grade | A | C | B | B | C | B | A | A | F | D | D |
| +/- Category | 3.1% | -1.7% | 1.3% | 0.9% | -0.1% | 3.3% | 16.3% | 4.0% | -5.4% | -2.8% | -0.8% |
| Global Real Estate Avg | 7.6% | 9.4% | 0.6% | 10.4% | -25.9% | 24.6% | -1.7% | 25.5% | -5.8% | 13.9% | 3.1% |
| Risk Measures | |
| Standard Deviation: | 16.2% |
| Total Risk Index: | 1.33 - Above Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | D (64% Rank) |
| Beta: | 1.03 |
| R-Squared: | 62% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.8% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $30 Mil |
| Fund Total Assets: | $ 26 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 60% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.8 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Brivanlou Iman (2014), Patel Nehal (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 52.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 31.7% |
Portfolio Allocation |
|
| Domestic Stock: | 66.5% |
| Foreign Stock: | 31.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.8% |
Purchase Information
| Fund Family: | TCW |
| Phone Number: | 800-248-4486 |
| Website: | www.tcw.com |
| Status: | Open |
| Inception Date: | November 28, 2014 |
| 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: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.90% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | TCW Global Real Estate I |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
