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TCW FUNDS, INC.

TCW Core Fixed Income Fund

(Class I: TGCFX; Class N: TGFNX; Plan Class: TGCPX)

TCW Enhanced Commodity Strategy Fund

(Class I: TGGWX; Class N: TGABX)

TCW Global Bond Fund

(Class I: TGGBX; Class N: TGGFX)

TCW High Yield Bond Fund

(Class I: TGHYX; Class N: TGHNX)

TCW Short Term Bond Fund

(Class I: TGSMX)

TCW Total Return Bond Fund

(Class I: TGLMX; Class N: TGMNX; Plan Class: TGLSX)

TCW Conservative Allocation Fund

(Class I: TGPCX; Class N: TGPNX)

Supplement dated September 6, 2023 to the Prospectus and

the applicable Summary Prospectus

each dated March 1, 2023, as supplemented

For current and prospective investors in each fund specified below (each, a “Fund”):

TCW Core Fixed Income Fund

Effective September 6, 2023, Jerry Cudzil and Ruben Hovhannisyan will be added as portfolio managers for the Fund, and effective December 31, 2023, Laird Landmann will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Stephen M. Kane, CFA

   12 Years    Generalist Portfolio Manager

  Laird Landmann

  (until December 31, 2023)

   12 Years    Generalist Portfolio Manager

  Bryan T. Whalen, CFA

   9 Years    Generalist Portfolio Manager

  Jerry Cudzil

   Since September 2023    Generalist Portfolio Manager

  Ruben Hovhannisyan, CFA

   Since September 2023    Generalist Portfolio Manager


TCW Enhanced Commodity Strategy Fund

Effective September 6, 2023, Jamie L. Patton will be added as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Bret R. Barker

   11 Years (Since inception)    Managing Director

  Ruben Hovhannisyan, CFA

   1 Year (Since December 2021)    Generalist Portfolio Manager

  Stephen M. Kane, CFA

   11 Years (Since inception)    Generalist Portfolio Manager

  Bryan T. Whalen, CFA

   1 Year (Since December 2021)    Generalist Portfolio Manager

  Jamie L. Patton

   Since September 2023    Managing Director

TCW Global Bond Fund

Effective September 6, 2023, Marcela Meirelles will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Stephen M. Kane, CFA

   11 Years (Since inception)    Generalist Portfolio Manager

  Bryan T. Whalen, CFA

   3 Years    Generalist Portfolio Manager

TCW High Yield Bond Fund

Effective September 6, 2023, Brian Gelfand will be added as a portfolio manager for the Fund, and effective December 31, 2023, Laird Landmann will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Jerry Cudzil

   3 Years    Generalist Portfolio Manager

  Stephen M. Kane, CFA

   4 Years    Generalist Portfolio Manager

  Laird Landmann

  (until December 31, 2023)

   12 Years    Generalist Portfolio Manager

  Steven J. Purdy

   3 Year    Managing Director

  Brian Gelfand

   Since September 2023    Managing Director


TCW Short Term Bond Fund

Effective September 6, 2023, Jerry Cudzil and Ruben Hovhannisyan will be added as portfolio managers for the Fund, and effective December 31, 2023, Laird Landmann will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Stephen M. Kane, CFA

   12 Years    Generalist Portfolio Manager

  Laird Landmann

  (until December 31, 2023)

   12 Years    Generalist Portfolio Manager

  Bryan T. Whalen, CFA

   9 Years    Generalist Portfolio Manager

  Jerry Cudzil

   Since September 2023    Generalist Portfolio Manager

  Ruben Hovhannisyan, CFA

   Since September 2023    Generalist Portfolio Manager

TCW Total Return Bond Fund

Effective October 2, 2023, Peter Van Gelderen will be added as a portfolio manager for the Fund, and effective December 31, 2023, Laird Landmann will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Elizabeth (Liza) Crawford

   2 Years (Since September 2020)    Managing Director

  Mitch Flack

   13 Years    Managing Director

  Laird Landmann

  (until December 31, 2023)

   1 Year (Since December 2021)    Generalist Portfolio Manager

  Bryan T. Whalen, CFA

   1 Year (Since December 2021)    Generalist Portfolio Manager

  Peter Van Gelderen

   Since October 2023    Managing Director

TCW Conservative Allocation Fund

Effective September 6, 2023, Ruben Hovhannisyan will be added as a portfolio manager for the Fund, and Stephen M. Kane will no longer serve as a portfolio manager for the Fund.

Therefore, effective September 6, 2023, the disclosure under the heading “Portfolio Managers” for this Fund is deleted in its entirety and replaced with the following:

 

Name

   Experience
with the Fund
   Primary Title with
Investment Adviser

  Adam T. Coppersmith, CFA

   13 Years    Managing Director

  Michael P. Reilly, CFA

   16 Years (Since inception)    Group Managing Director

and Chief Investment

Officer – U.S. Equities

  Ruben Hovhannisyan, CFA

   Since September 2023    Generalist Portfolio Manager

The foregoing disclosure supersedes any statements to the contrary under the heading “Management of the Funds – Portfolio Managers” on pages 111 to 112 of the Prospectus.

Please retain this Supplement for future reference.