The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TGLSX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TGLSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TGLSX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Starting fresh.
Brian Moriarty
Principal
Summary
TCW Securitized Bond’s new benchmark and category warrant a reset in expectations for this strategy, including a Process rating of Average rather than Above Average.