# Portfolio overlap — TGWNX vs LEMB Comparing **TCW Emerging Markets Local Currency Income Fund** (2026-01-31) and **iShares J.P. Morgan EM Local Currency Bond ETF** (2026-01-31). - Shared positions: 55 - TCW Emerging Markets Local Currency Income Fund covered by iShares J.P. Morgan EM Local Currency Bond ETF: 0.1595484934557522937660306974 - iShares J.P. Morgan EM Local Currency Bond ETF covered by TCW Emerging Markets Local Currency Income Fund: 0.1595484934557522937660306973 ## TCW Emerging Markets Local Currency Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Presidencia da Republica | 0.067469 | ✓ | | TURKIYE GOVERNMENT BOND TRY 37.84% 07-14-27 | 0.043758 | | | Brazil Notas do Tesouro Nacional Serie B | 0.043117 | | | NIGERIA REPUBLIC 0% 03/17/2026 | 0.038160 | | | Republic of India | 0.033674 | ✓ | | CHINA PEOPLES REPUBLIC OF 2.57% 05/20/2054 | 0.032054 | ✓ | | CZECH REPUBLIC GOVERNMENT BOND CZK 3.5% 05-30-35 | 0.031177 | ✓ | | Republic of India | 0.029579 | ✓ | | Egypt Treasury Bills | 0.024566 | | | Urzad Rady Ministrow | 0.021658 | ✓ | | Nigeria OMO Bill | 0.021161 | | | MEXICO UNITED MEXICAN STATES 7.5% 05/26/2033 | 0.020486 | ✓ | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.020179 | ✓ | | Republic of Indonesia | 0.019945 | ✓ | | MALAYSIA GOVT OF 4.762% 04/07/2037 | 0.019722 | ✓ | | SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.019585 | ✓ | | Republic of Uganda Government Bonds | 0.019584 | | | Republic of India | 0.018780 | ✓ | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.018583 | ✓ | | MALAYSIA GOVT OF 4.893% 06/08/2038 | 0.017935 | ✓ | | THAILAND KINGDOM OF 3.45% 06/17/2043 | 0.017040 | ✓ | | MEXICO UNITED MEXICAN STATES 8.5% 11/18/2038 | 0.015941 | ✓ | | Urzad Rady Ministrow | 0.015822 | ✓ | | SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.015372 | ✓ | | TURKIYE GOVERNMENT BOND TRY 36.0% 08-12-26 | 0.015236 | | | MALAYSIA GOVT | 0.015210 | ✓ | | Egypt Treasury Bills | 0.015106 | | | REPUBLIC OF POLAND GOVERNMENT BOND PLN 1.25% 10-25-30 | 0.014696 | ✓ | | Titulos de Tesoreria | 0.013793 | ✓ | | SOUTH AFRICA REPUBLIC OF 6.25% 03/31/2036 | 0.012763 | ✓ | | Sandor-Palota | 0.012628 | ✓ | | Republic of India | 0.011426 | | | South Africa, Parliament of | 0.011368 | ✓ | | Colombia Titulos de Tesoreria, Series B | 0.011066 | ✓ | | Indonesia Treasury Bond | 0.010804 | | | THAILAND KINGDOM OF 3.39% 06/17/2037 | 0.010209 | ✓ | | MEXICO UNITED MEXICAN STATES 10% 11/20/2036 | 0.010192 | ✓ | | Republic of Indonesia | 0.010067 | ✓ | | SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.009994 | ✓ | | MALAYSIA GOVT OF 4.054% 04/18/2039 | 0.009820 | ✓ | | Czech Republic Government Bond | 0.009513 | ✓ | | Czech Republic Government Bonds | 0.009293 | ✓ | | THAILAND GOVT | 0.008862 | ✓ | | MALAYSIA GOVT | 0.008499 | ✓ | | Egypt Treasury Bills | 0.008491 | | | TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.007923 | ✓ | | Urad Vlady Ceske Republiky | 0.007796 | ✓ | | MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.007726 | ✓ | | MALAYSIA GOVT OF 3.582% 07/15/2032 | 0.007684 | ✓ | | Sandor-Palota | 0.007500 | ✓ | ## iShares J.P. Morgan EM Local Currency Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | URUGUAY REPUBLICA ORIENTAL DL 9.75% 07/20/2033 | 0.013935 | | | Dominican Republic International Bond | 0.013487 | | | Serbia Treasury Bonds | 0.011289 | | | Dominican Republic International Bonds | 0.011116 | | | URUGUAY GOVERNMENT INTERNATION SR UNSECURED 10/35 8 | 0.011059 | | | Turkiye Government Bond 30.00 09/12/2029 | 0.011002 | | | URUGUAY REPUBLICA ORIENTAL DL 8.25% 05/21/2031 | 0.010814 | | | Serbia Treasury Bonds | 0.009768 | | | Serbia Treasury Bonds | 0.009536 | | | Serbia Treasury Bonds | 0.009107 | | | TURKIYE GOVERNMENT BOND TRY 26.2% 10-05-33 | 0.007956 | | | Dominican Republic International Bonds | 0.007693 | | | Dominican Republic International Bond | 0.007466 | | | Presidencia da Republica | 0.007142 | ✓ | | SOUTH AFRICA REPUBLIC OF 8.75% 02/28/2048 | 0.007054 | | | TESORERIA PESOS | 0.006865 | ✓ | | PERU REPUBLIC OF 7.3% 08/12/2033 144A REGS | 0.006323 | | | TURKIYE GOVERNMENT BOND TRY 31.08% 11-08-28 | 0.006284 | | | BRAZIL LETRAS DO TESOURO NACIONAL 0% 01/01/2029 | 0.005955 | | | SOUTH AFRICA REPUBLIC OF 8.875% 02/28/2035 | 0.005643 | ✓ | | MEXICAN BONOS MXN 7.75% 05-29-31 | 0.005566 | | | Presidencia da Republica | 0.005459 | | | TITULOS DE TESORERIA 13.250000% 02/09/2033 | 0.005398 | ✓ | | PERU REPUBLIC OF 6.15% 08/12/2032 | 0.005375 | | | PERU REPUBLIC OF 6.9% 08/12/2037 | 0.005241 | | | SOUTH AFRICA REPUBLIC OF 8.25% 03/31/2032 | 0.005235 | ✓ | | MEXICO UNITED MEXICAN STATES 8.5% 03/01/2029 | 0.005210 | | | SOUTH AFRICA REPUBLIC OF 8.5% 01/31/2037 | 0.005135 | ✓ | | PERU REPUBLIC OF 5.4% 08/12/2034 | 0.005109 | | | TESORERIA PESOS | 0.005036 | | | PERU REPUBLIC OF 6.85% 08/12/2035 144A REGS | 0.004973 | ✓ | | SOUTH AFRICA REPUBLIC OF 8% 01/31/2030 | 0.004880 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/13/2042 | 0.004786 | ✓ | | MEXICO UNITED MEXICAN STATES 8.5% 05/31/2029 | 0.004761 | | | MEXICO UNITED MEXICAN STATES 7.75% 11/23/2034 | 0.004728 | ✓ | | Presidencia de la Republica de Chile | 0.004716 | ✓ | | South Africa, Parliament of | 0.004673 | ✓ | | Presidencia da Republica | 0.004606 | | | Presidencia de la Republica de Chile | 0.004587 | | | Urzad Rady Ministrow | 0.004585 | | | South Africa, Parliament of | 0.004582 | ✓ | | HUNGARY REPUBLIC OF 6.75% 10/22/2028 | 0.004537 | | | MEXICO UNITED MEXICAN STATES 8% 07/31/2053 | 0.004415 | | | Republic of India | 0.004413 | ✓ | | URUGUAY REPUBLICA ORIENTAL DL 8.5% 03/15/2028 REGS | 0.004376 | | | Urzad Rady Ministrow | 0.004362 | | | Colombia Titulos de Tesoreria, Series B | 0.004212 | ✓ | | Presidencia da Republica | 0.004121 | | | TESORERIA PESOS | 0.004111 | | | Republic of India | 0.004106 | ✓ | ## Sources - N-PORT (fund A) — accession `0001410368-26-033400` (as of 2026-01-31) - N-PORT (fund B) — accession `0001410368-26-031750` (as of 2026-01-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _