TCW Core Fixed Income N
TGFNX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jeffrey E. GundlachBiography
- Full Time Employees
- 13,000
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Los Angeles, CA 90017 San Mateo CA United States of America 94403
- IPO Date
- Jan 11, 1999
- CIK
- 0000892071
- Website
- franklintempleton.com
- Similar Companies
- Business
- TCW Core Fixed Income Fund Class N (TGFNX) is an open-end mutual fund managed by TCW Investment Management Company LLC, a division of The TCW Group, Inc., that seeks total return through current income and capital appreciation by investing primarily in investment-grade, U.S. dollar-denominated fixed-income securities. The fund provides exposure to a diversified portfolio including agency mortgage-backed securities, U.S. Treasuries and agencies, corporate bonds, asset-backed securities, and non-agency residential mortgage-backed securities; it maintains a focus on intermediate-term core bonds with an effective duration typically aligned to the Bloomberg U.S. Aggregate Bond Index, alongside allocations to cash equivalents and limited emerging market or high-yield credit exposure. Managed by a team led by Chief Investment Officer Bryan T. Whalen, CFA, alongside Stephen M. Kane, CFA, and Jerry Cudzil, the fund features a net expense ratio of 0.62% (after waivers), a minimum initial investment of $2,000, and performance characteristics benchmarked against the Bloomberg U.S. Aggregate Bond Index. The TCW Group, Inc., founded in 1971 and headquartered in Los Angeles, California, operates as a global asset manager with approximately $199-220 billion in assets under management, serving institutional clients such as corporate and public pension plans, financial institutions, endowments, foundations, sovereign wealth funds, and high-net-worth individuals. TCW offers a broad suite of investment products across fixed income (including core fixed income, core plus, high yield, securitized, and emerging markets bond strategies), equities, alternatives (such as private credit, CLOs, and asset-backed finance), and multi-asset solutions; through fund families like TCW Funds and MetWest, it manages one of the largest U.S. mutual fund complexes, with additional UCITS offerings in Luxembourg for European professional investors. The firm maintains 11 offices across the United States and internationally, emphasizing high employee ownership and signatory status to the UN Principles for Responsible Investment. In recent developments, TCW formed a strategic partnership with PNC Financial Services in May 2024 to expand direct lending capabilities, targeting senior secured loans to middle-market companies with $2.5 billion in initial equity capital supported by PNC and Nippon Life; this builds on over 15 years of collaboration and aims to capture growth in private credit. In December 2024, Nippon Life, TCW's strategic partner and minority shareholder since 2017, committed up to $3.25 billion in additional anchor capital to alternative credit strategies and plans to increase its ownership stake, accelerating TCW's diversification beyond its $175 billion public fixed income platform. Other 2024 initiatives include closing a second CLO, launching a private asset-backed finance business leveraging TCW's $90 billion securitized expertise, and entering a CLO equity partnership with Lakemore Partners in 2023 to bolster alternative credit AUM, which has more than doubled over the past four years.