Overview
WHO WE ARE. We are an investment adviser registered with the SEC under the
Investment Advisers Act of 1940, as amended (the “Advisers Act”) and have been since
1996. We are a California limited liability company.
We are wholly-owned by TCW Asset Management Company LLC, an investment adviser
registered with the SEC under the Advisers Act. TCW Asset Management Company LLC
is a wholly-owned subsidiary of The TCW Group, Inc., a Nevada corporation (“TCW
Group”). In February 2013, TCW management and private investment funds affiliated
with alternative asset manager The Carlyle Group (together with such affiliated funds,
“Carlyle”) acquired TCW Group. On December 27, 2017, Nippon Life Insurance
Company (“Nippon”) acquired a minority stake in TCW Group. At present, TCW Group
is co-owned by TCW management and employees, Carlyle, and Nippon.
THE SERVICES WE OFFER. We specialize in traditional fixed income management of
low duration, intermediate fixed income, and total return portfolios, but we also offer more
focused strategies and products described in Item 5, below. We offer fixed income portfolio
management services to institutional investors, as well as individual investors through the
Metropolitan West Funds (“the Funds”). We offer a strategy called "AlphaTrak", which is
designed for investors seeking returns linked to the equity market. We also provide
investment advice for liability driven investment strategies as well as non-traditional fixed
income strategies. In general, portfolios are designed to maximize total return consistent
with price volatility benchmarks or mandates provided by portfolio specific investment
guidelines.
Our
clients include private or government investment funds and institutions, including
pension funds, registered investment companies including mutual funds and foreign
investment companies, high net worth individuals and family offices and others. Those
clients are generally sophisticated investors and often have internal and external
consultants and advisers to assist them with determinations of their individual needs, such
as allocations among types of investments, and do not seek those determinations from us.
We may agree with certain clients on investment guidelines that restrict the securities or
types of securities that we invest in on their behalf.
ASSETS UNDER MANAGEMENT. As of December 31, 2023, we had
$102,769,702,909 in discretionary assets under management and $1,010,313 in non-
discretionary assets under management. The TCW Group of Companies, including
affiliated entities, had approximately $210 billion in assets under management as of that
date.
IMPORTANT NOTICE:
In no event should this Brochure be considered an offer of interests in a Fund or relied
upon in determining to invest in a Fund. It is also not an offer of, or agreement to
provide, advisory services directly to any recipient. Rather, this Brochure is designed
only to provide information about us to comply with regulatory requirements under the
Advisers Act, which may cause information in this Brochure to differ from the information
provided in the prospectus for the Fund. If there is any conflict between the information in
this Brochure and similar information in the Fund’s prospectus, you should rely on the
information in the offering material.