TCW Relative Value Mid Cap Fund’s Q2 2025 Investor Letter

TCW funds, an investment management company, released its “TCW Relative Value Mid Cap Fundsecond quarter 2025 investor letter. The second quarter started with a sharp decline driven by the Liberation Day tariffs announcement by President Trump, but a 90-day pause on certain tariffs led to a strong recovery, propelling the S&P 500 and Nasdaq to new highs. U.S. equities continued to rise in May and June, supported by better-than-expected corporate results and positive jobs reports. Against this backdrop, the fund (I share) returned 7.37% in the quarter compared to 5.35% for the Russell Midcap® Value Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

A copy of TCW Relative Value Mid Cap Fund’s Q2 2025 investor letter can be downloaded here.