TCW High Yield Bond Fund
TGHNX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 865 South Figueroa Street Los Angeles CA United States of America 90017
- IPO Date
- Jan 11, 1999
- CIK
- 0000892071
- Similar Companies
- Business
- TCW High Yield Bond Fund N Class (TGHNX) is an actively managed mutual fund that seeks to maximize current income and achieve above-average total return consistent with reasonable risk over a full market cycle by investing primarily in high yield, below-investment-grade bonds issued by U.S. and Canadian corporations; up to 20% of net assets may be allocated to equity securities including common stock and convertible preferred stocks, as well as bank loans. The fund emphasizes higher-quality credits within the high yield universe, with allocations across sectors such as basic industry, capital goods, communications, consumer cyclical, consumer non-cyclical, energy, other industrial, technology, transportation, utility, and financial institutions; it also includes non-corporate holdings, municipals, emerging markets debt, developed market government securities, mortgage-backed and asset-backed securities. Managed by TCW Investment Management Company LLC, a Los Angeles-based asset manager founded in 1971 and headquartered at 865 South Figueroa Street, the fund targets institutional and individual investors seeking income-oriented fixed income exposure, with geographic focus on U.S. domestic markets supplemented by Canadian issuers. In a major strategic shift, the TCW High Yield Bond Fund converted to the TCW High Yield Bond ETF (HYBX) on November 18, 2024, through an asset acquisition where the ETF assumed the mutual fund's performance history, accounting, investment objectives, and strategies while offering lower expenses and daily liquidity on the NYSE; effective October 31, 2024, the benchmark transitioned to the Bloomberg U.S. High Yield 2% Issuer Capped Cash Pay Total Return Index. This reorganization aligns with TCW's broader expansion of its active fixed income ETF platform, which surpassed $1 billion in assets under management in early 2025, reflecting ongoing conversions of longstanding mutual funds into ETFs to enhance investor access.