Fund Evaluator:

TCW White Oak Emerging Markets Eq N Overview

TCW White Oak Emerging Markets Eq N (TWEMX) is an actively managed International Equity Diversified Emerging Mkts fund. TCW launched the fund in 2025.

The investment seeks to provide long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity and equity-related transferable securities that provide exposure to companies that are domiciled in, or that derive a predominant proportion of their value from, emerging market countries. The fund is non-diversified.

About TCW White Oak Emerging Markets Eq N (TWEMX)

There are 4 members of the management team with an average tenure of 1.31 years: Hiren Dasani (2025), Wen Lim (2025), Manoj Garg (2025), Prashant Khemka (2025). Management tenure is more important for actively managed funds than passive index funds.

TCW White Oak Emerging Markets Eq N has 227 securities in its portfolio. The top 10 holdings constitute 39.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

TCW White Oak Emerging Markets Eq N is part of the Equity global asset class and is within the International Equity fund group. TCW White Oak Emerging Markets Eq N has 96.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.8%. There is 96.1% 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 White Oak Emerging Markets Eq N has 2.1% of the portfolio in cash.

Assets Under Management

The fund has $4 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts 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.

TWEMX 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 White Oak Emerging Markets Eq N expense ratio is high compared to funds in the Diversified Emerging Mkts category. TCW White Oak Emerging Markets Eq N has an expense ratio of 1.27%, which is 10% higher than its category average, making the fund expense ratio grade a D. 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 White Oak Emerging Markets Eq N has a portfolio turnover rate of 60%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of July 2026, TCW White Oak Emerging Markets Eq N returned -5.9%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -4.9%. 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 White Oak Emerging Markets Eq N has a trailing yield of 0.31%, which is below the 1.72% category average. The fund normally distributes its income annually 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 White Oak Emerging Markets Eq N Grades

Year to date, the fund has returned 17.9%, 1.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 35.2% over the past year (grade of C).

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