TCW wants to combine two of its value funds. Last week the Los Angeles-based mutual fund firm revealed plans [see filing] to merge the $23.8-million, one-star TCW Relative Value Small Cap Fund into the $144.9-million, two-star TCW Value Opportunities Fund.

Relative Value Small Cap PM Diane Jaffee has also PMed Value Opportunities since June 30.

According to TCW's filing, the fund firm expects the merger to reduce both gross and net operating expenses for both I and N shares.

Shareholders will vote on the merger on September 15. 

Edited by: Neil Anderson, Managing Editor


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