TCW reduces expenses of Galileo Short Term Bond Fund.
LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA, Jan. 17 /PRNewswire/ -- TCW TCW Total Carat Weight
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TCW Tasty Coma Wife (Scrubs episode) announced today that it will cap the total expense ratio of its Galileo Short Term Bond Fund at 44 basis points, annually, effective February 1, 2006. This is a reduction of 21 basis points from the Fund's expense ratio for its previous fiscal year.
"This voluntary cap on expenses is designed to strengthen the Fund's long- term performance, enhance its appeal to investors, and compliment the attractiveness of the Fund's focus on short-term, fixed income securities," said TCW Group Chief Investment Officer Jeffrey E. Gundlach, the Fund's portfolio manager. "We feel this Fund will be very attractive to income oriented investors, especially in the context of a flattened yield curve."
The TCW Galileo Short Term Bond Fund has earned a four star ranking from Morningstar, Inc, as well as a Lipper Leader 'Preservation' rating, which reflects the Fund's historical loss avoidance relative to other funds within the same asset class.
The TCW Galileo Short Term Bond Fund invests primarily in short-term fixed income securities with a goal of maximizing current income. The Fund, which began operations in February 1990, is a member of the TCW Galileo family of mutual funds. It currently has net assets Net assets
The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand.
See owners' equity. of approximately $100 million.
For further information: Michael Utley (213) 244-0975
CONTACT: Michael Utley, (213) 244-0975