T
he TCW Global Real Estate Fund, I Share Class, delivered a net return of +1.90% during the quarter, surpassing the S&P Global REIT Index's gain of +1.66%. The U.S. stock market experienced a decline in March, resulting in a 4.3% year-to-date pullback (S&P 500 Total Return Index). In Q1-25, Health Care REITs led the way with a +14.06% return, followed by Diversified REITs at +6.08%.