TCW Securitized Bond Fund Class N is an actively managed mutual fund specializing in securitized debt instruments. Its primary function is to provide investors with targeted exposure to the securitized products market, which includes agency and non-agency residential and commercial mortgage-backed securities (MBS), as well as other asset-backed securities. The fund typically allocates at least 80% of its net assets to various debt securities, seeking diversified income and capital preservation within the intermediate core-plus bond category. A notable feature of this fund is its flexible approach, allowing investments not only in traditional mortgage-backed assets but also in derivatives such as options, futures, and swaps for management and hedging purposes. With assets totalling around $1.7 billion and over 400 holdings, the fund demonstrates broad diversification within its sector. The portfolio’s top holdings are heavily weighted toward government-sponsored mortgage instruments, emphasizing its role in the fixed-income segment tied to the U.S. real estate and asset-backed markets. TCW Securitized Bond Fund Class N is primarily suited for investors seeking exposure to the complexities of securitized credit without concentrating on a single issuer or sector, contributing important diversification potential within larger bond allocations.
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