TCW Funds is liquidating a pair of 2-Star funds within the next two months.
According to a firm statement, the Board of Directors of TCW Funds has approved the liquidation of the TCW Global Flexible Allocation Fund and the TCW Global Moderate Allocation Fund.
The Global Flexible fund managed only $1.4 million at press time and sports a relatively high expense ratio of 213 basis points. The fund invested in U.S. equity funds, fixed income funds and international funds, including emerging markets. It is managed by Michael Reilly and Komal Sri-Kumar.
The Global Moderate fund managed $8.4 million at press time and has a expense ratio of 137 bps. Reilly and Adam Coppersmith are the PMs of the fund.
Both funds will be liquidated on February 15, 2013.