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Rating:TCW Closes a $1B Fund to New Investors Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 18, 2011

TCW Closes a $1B Fund to New Investors

News summary by MFWire's editors

TCW [see profile] is shutting new investors out of one its equity funds. Yesterday the Los Angeles-based mutual fund firm revealed that the $1 billion TCW Small Cap Growth Fund will close to new investors (but not to existing shareholders or 401(k) participants) on April 30.

"We took this action in response to the TCW Small Cap Growth Fund's significant asset growth," explained TCW Funds president and CEO Charles Baldiswieler. "Our goal is to protect our ability to provide superior performance to our clients."

Company Press Release

LOS ANGELES, CA -- 02/17/11 -- The TCW Group (TCW), an international asset-management firm, today announced that the TCW Small Cap Growth Fund (TGSCX/TGSNX) will close to new investors effective April 30, 2011. The closure is consistent with TCW's commitment to investors in the fund and is intended to limit the size of the Fund to ensure that it can continue to be managed effectively for existing shareholders.

The closure of the $1 billion TCW Small Cap Growth Fund applies to new investors that purchase the fund directly or through financial advisors. Existing individual shareholders and 401(k) participants can continue to purchase new shares of the Fund.

"We took this action in response to the TCW Small Cap Growth Fund's significant asset growth," said Charles Baldiswieler, President and CEO of TCW Funds, Inc. "Our goal is to protect our ability to provide superior performance to our clients."

Investors seeking similar exposure to small cap growth stocks can continue to invest in the TCW SMID Cap Growth Fund (TGSDX/TGMDX), which is managed by TCW Small Cap Growth Fund manager Husam Nazer. The TCW Growth Equities Fund (TGGEX/TGGIX) managed by Brendt Stallings, who along with Mr. Nazer leads TCW's Small and Mid Cap Growth team, meanwhile provides exposure to mid cap growth stocks.

You can read more about TCW's approach to small and mid-cap growth investing here : .

For more information on the TCW Small Cap Growth Fund, please visit www.tcw.com : . If you have additional questions about the closure of the Fund, call TCW at 800-386-3829.

About TCW Funds

TCW Funds, Inc. is an open-end investment company, consisting of 22 separate mutual funds sold primarily to individual investors and retirement plans.

About TCW

Founded in 1971, The TCW Group, Inc., develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients' wealth. The firm has approximately $115 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW is a subsidiary of Société Générale. For more information, please refer to www.tcw.com : .

Obtain a Prospectus

You should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. The Fund's prospectus and summary prospectus contains this and other information about the Fund. You may download the prospectus from the Fund's website at tcw.com. Please read the prospectus carefully before you invest or send money.

The TCW Funds are distributed by TCW Funds Distributors.

A Word About Risk

Stock Funds have the same equity and price volatility risks associated with the underlying stocks in the portfolio, all of which could reduce the Funds' value. Funds investing in mid and small cap companies involve special risks including higher volatility and lower liquidity. As stock prices fluctuate, the value of the Funds can decline and an investor can lose principal. 

Edited by: Neil Anderson, Managing Editor

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