0000892071
2011-03-01
2012-02-28
0000892071
tcwfi1:S000006320Member
2011-03-01
2012-02-28
0000892071
tcwfi1:S000006320Member
tcwfi1:C000017389Member
2011-03-01
2012-02-28
0000892071
tcwfi1:S000006320Member
tcwfi1:C000017390Member
2011-03-01
2012-02-28
pure
iso4217:USD
Other
2011-10-31
TCW FUNDS INC
0000892071
false
2012-12-27
2013-01-01
2012-02-28
<p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>TCW Funds, Inc. </b></font></p> <p style="margin-top:6px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>TCW High Yield Bond Fund – Class I and Class N </b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2">Supplement dated December 27, 2012 to the </font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2">Class I and Class N Prospectus dated February 28, 2012, as Amended May 31, 2012 </font></p><p></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"><font size="2">Effective January 1, 2013, TCW Investment Management Company (the "<b>Advisor</b>") will contractually reduce the management fees for the TCW High Yield Bond Fund (the "<b>Fund</b>") from 0.75% to 0.45% of average net asset value.</font></p><p></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"><font size="2">The Fund's investment advisor has agreed to waive fees and/or reimburse expenses to limit the Fund's total annual operating expenses (excluding interest and acquired fund fees and expenses, if any) to 0.75% of average daily net assets with respect to Class N shares and 0.50% of average daily net assets with respect to Class I shares. This contractual fee waiver/expense reimbursement is for the period January 1, 2013 through February 28, 2014.</font></p><p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Accordingly, effective January 1, 2013, the Annual Fund Operating Expenses and Example tables under the section entitled “Fees and Expenses of the Fund” on page 48 of the Prospectus are deleted in their entirety and replaced with the following: </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.) </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="84%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family:Times New Roman" size="1"><b>Share Classes</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>I</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>N</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="font-family:Times New Roman" size="2">Management fees</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.45</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.45</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="font-family:Times New Roman" size="2">Distribution and/or service (12b-1) fees</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">None</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.25</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="font-family:Times New Roman" size="2">Other expenses</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.31</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.38</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="font-family:Times New Roman" size="2">Total fund operating expenses</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.76</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">1.08</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"><font style="font-family:Times New Roman" size="2">Fee Waiver [and/or Expense Reimbursement]</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.33</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"><font style="font-family:Times New Roman" size="2">Net Expenses</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.75</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> </table> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><i>Example </i></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="63%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:46pt"><font style="font-family:Times New Roman" size="1"><b>Share Classes</b></font></p></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>1 Year</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>3 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>5 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>10 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"><font style="font-family:Times New Roman" size="2">I</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">51</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">397</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">918</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"><font style="font-family:Times New Roman" size="2">N</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">77</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">563</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">1,287</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td></tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup> </font><font style="font-family:Times New Roman" size="2"></font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:Times New Roman" size="2">Adjusted to reflect a decrease in the Management fees effective January 1, 2013. </font></p></td></tr></table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup> </font><font style="font-family:Times New Roman" size="2"></font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:Times New Roman" size="2">The Fund’s investment advisor has agreed to waive fees and/or reimburse expenses to limit the Fund’s total annual operating expenses (excluding interest and acquired fund fees and expenses, if any) to 0.75% of average daily net assets with respect to Class N shares and 0.50% of average daily net assets with respect to Class I shares. This contractual fee waiver/expense reimbursement is for the period January 1, 2013 through February 28, 2014. At the conclusion of this period, the Fund’s investment advisor, in its sole discretion, may extend, terminate or otherwise modify the contractual fee waiver/expense reimbursement. </font></p></td></tr></table><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 12px; margin-bottom: 0px;"><font size="2">Additionally, effective January 1, 2013, the Annual Management Fee (As Percent of Average Net Asset Value) for the TCW High Yield Bond Fund as contained in the table under the section entitled "Advisory Agreement" on pages 80 and 81 of the Prospectus is restated to be 0.45%.</font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>TCW Funds, Inc. </b></font></p> <p style="margin-top:6px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>TCW High Yield Bond Fund – Class I and Class N </b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2">Supplement dated December 27, 2012 to the </font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2">Class I and Class N Prospectus dated February 28, 2012, as Amended May 31, 2012 </font></p><p></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"><font size="2">Effective January 1, 2013, TCW Investment Management Company (the "<b>Advisor</b>") will contractually reduce the management fees for the TCW High Yield Bond Fund (the "<b>Fund</b>") from 0.75% to 0.45% of average net asset value.</font></p><p></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"><font size="2">The Fund's investment advisor has agreed to waive fees and/or reimburse expenses to limit the Fund's total annual operating expenses (excluding interest and acquired fund fees and expenses, if any) to 0.75% of average daily net assets with respect to Class N shares and 0.50% of average daily net assets with respect to Class I shares. This contractual fee waiver/expense reimbursement is for the period January 1, 2013 through February 28, 2014.</font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Accordingly, effective January 1, 2013, the Annual Fund Operating Expenses and Example tables under the section entitled “Fees and Expenses of the Fund” on page 48 of the Prospectus are deleted in their entirety and replaced with the following: </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.) </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="84%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td></tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="6" align="center"><font style="font-family:Times New Roman" size="1"><b>Share Classes</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>I</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>N</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="font-family:Times New Roman" size="2">Management fees</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.45</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.45</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="font-family:Times New Roman" size="2">Distribution and/or service (12b-1) fees</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">None</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.25</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"> <font style="font-family:Times New Roman" size="2">Other expenses</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.31</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.38</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"> <font style="font-family:Times New Roman" size="2">Total fund operating expenses</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.76</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">1.08</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"><font style="font-family:Times New Roman" size="2">Fee Waiver [and/or Expense Reimbursement]</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.26</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.33</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> <tr> <td valign="top"><font style="font-family:Times New Roman" size="2">Net Expenses</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup></font><font style="font-family:Times New Roman" size="2"></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.50</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">0.75</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2">% </font></td></tr> </table> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><i>Example </i></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px"> </p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse" align="center"> <tr> <td width="63%"></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="7%"></td> <td></td> <td></td> <td></td></tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:46pt"><font style="font-family:Times New Roman" size="1"><b>Share Classes</b></font></p></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>1 Year</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>3 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>5 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:Times New Roman" size="1"><b>10 Years</b></font></td> <td valign="bottom"><font size="1"> </font></td></tr> <tr bgcolor="#cceeff"> <td valign="top"><font style="font-family:Times New Roman" size="2">I</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">51</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">217</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">397</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">918</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td></tr> <tr> <td valign="top"><font style="font-family:Times New Roman" size="2">N</font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">77</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">311</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">563</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td> <td valign="bottom"><font size="1"> </font></td> <td valign="bottom"><font style="font-family:Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">1,287</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:Times New Roman" size="2"> </font></td></tr> </table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup> </font><font style="font-family:Times New Roman" size="2"></font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:Times New Roman" size="2">Adjusted to reflect a decrease in the Management fees effective January 1, 2013. </font></p></td></tr></table> <p style="font-size:6px;margin-top:0px;margin-bottom:0px"> </p> <table style="border-collapse:collapse" border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="2%" valign="top" align="left"><font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">2</sup> </font><font style="font-family:Times New Roman" size="2"></font></td> <td align="left" valign="top"> <p align="left"><font style="font-family:Times New Roman" size="2">The Fund’s investment advisor has agreed to waive fees and/or reimburse expenses to limit the Fund’s total annual operating expenses (excluding interest and acquired fund fees and expenses, if any) to 0.75% of average daily net assets with respect to Class N shares and 0.50% of average daily net assets with respect to Class I shares. This contractual fee waiver/expense reimbursement is for the period January 1, 2013 through February 28, 2014. At the conclusion of this period, the Fund’s investment advisor, in its sole discretion, may extend, terminate or otherwise modify the contractual fee waiver/expense reimbursement. </font></p></td></tr></table><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 0px; margin-bottom: 0px;"></p><p style="font-family: 'Times New Roman'; font-size: medium; text-align: start; margin-top: 12px; margin-bottom: 0px;"><font size="2">Additionally, effective January 1, 2013, the Annual Management Fee (As Percent of Average Net Asset Value) for the TCW High Yield Bond Fund as contained in the table under the section entitled "Advisory Agreement" on pages 80 and 81 of the Prospectus is restated to be 0.45%.</font></p>
<font style="font-family:Times New Roman" size="2">Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.) </font>
<font style="font-family:Times New Roman" size="2"><i>Example </i></font>
<p style="margin-top:6px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: </font></p>
<font style="font-family:Times New Roman" size="2">February 28, 2014</font>
0.0045
0.0045
0.0025
0.0031
0.0038
0.0076
0.0108
-0.0026
-0.0033
0.005
0.0075
51
77
217
311
397
563
918
1287
0