TCW, which is the parent to the TCW and Metropolitan West fund lineups, reported that it was the victim of a recent cyberattack, though the nature of the attack was not made public. It immediately hired a cyber-security firm to help inventory and clean the affected software systems. The firm's strategy assets are held with a bank custodian and therefore were not impacted. As TCW worked through the software issues, it confirmed that it was able to trade and manage portfolios without disruption. This news does not impact TCW's Average Parent rating.
Will MWTIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MWTIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MWTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MWTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.