SOURCE: The TCW Group, Inc.

The TCW Group, Inc.

May 10, 2011 19:43 ET

TCW's Laird Landmann and Jamie Farnham to Discuss MetWest High Yield Bond Fund on Conference Call

LOS ANGELES, CA--(Marketwire - May 10, 2011) - The TCW Group (TCW), an international asset-management firm, invites you to participate in a conference call on Wednesday, May 11 with Laird Landmann and Jamie Farnham, portfolio managers of the MetWest High Yield Bond Fund (MWHIX/MWHYX). The title of their presentation is "Time to Grow Up? Finding Relative Value in a Maturing Credit Cycle."

"Based on our favorite metrics, we are likely in the early to middle portion of the third and final stage of the typical credit cycle," says Mr. Landmann.

"Our full cycle approach leads us to favor more risky credits when high yield spreads are wide and to overweight less risky credits as the cycle matures and spreads tighten," adds Mr. Farnham.

The $2.3 billion MetWest High Yield Bond Fund invests across the below-investment-grade fixed income universe. The Fund seeks to optimize total return while striving to have lower volatility than its benchmark consistent with preservation of capital. It seeks to achieve these objectives by positioning the portfolio appropriately across all points of the credit cycle. Industry allocation and maturity distribution are determined through an integration of macroeconomic analysis and fundamental credit research of individual securities.

Please dial in 10 minutes before the scheduled start time to register for the call.

Date: Wednesday, May 11, 2011
Time: 1:15 p.m. Pacific Time / 4:15 p.m. Eastern Time

Live Event:
Domestic: (888) 713-4199
International: (617) 213-4861
Confirmation #: 16292396

In addition to the audio-only version of the conference call, TCW offers a live webcast of the call. Please click on the link below to register for the webcast:

http://www-waa-akam.thomson-webcast.net/us/dispatching/?event_id=b431f1853ac0e7732d7ec1f4a5b9e2ff&portal_id=ec6bf9617a7161ea0974541a771cb48a

A Word about Risk
The Fund invests in below investment grade bonds and may be less liquid and subject to greater volatility. The Fund is subject to the same risks as the underlying bonds in the portfolio such as credit, prepayment, call and interest rate risk. As interest rates rise the value of bond prices will decline. The Fund may also invest in more aggressive investments such as foreign securities which may expose the fund to currency and exchange rate fluctuations as well as derivatives. The use of certain derivatives may also have a leveraging effect which may increase the volatility of the Fund and reduce its returns.

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 $121 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.

About MetWest
Founded in 1996, Metropolitan West Asset Management LLC (MetWest) is a wholly-owned subsidiary of TCW. Since its founding MetWest has delivered strong fixed income returns for its clients through a value-driven investment philosophy and a client-centered culture. TCW announced the acquisition of MetWest in December 2009 and completed the transaction in February 2010.

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 MetWest Funds are distributed by BNY Mellon Distributors Inc. which is not affiliated with TCW. The MetWest Funds are advised by Metropolitan West Asset Management, LLC, which is a wholly-owned subsidiary of The TCW Group, Inc. The above individuals are registered with TCW Funds Distributors, Inc. The MetWest Funds' distributor, BNY Mellon Distributors, Inc, will not be involved with the event.

Contact Information

  • Contact:

    Peter Viles
    Managing Director, Corporate Communications
    (213) 244-0509
    Email Contact