TCW FUNDS, INC.

TCW Emerging Markets Income Fund

(Class I: TGEIX; Class N: TGINX; Plan Class: TGEPX)

TCW Emerging Markets Local Currency Income Fund

(Class I: TGWIX; Class N: TGWNX)

Supplement dated April 23, 2024 to the Prospectus and

the applicable Summary Prospectus

each dated March 1, 2024, as supplemented

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

TCW Emerging Markets Income Fund

Effective May 1, 2024, Christopher Hays and Jae H. Lee will be added as portfolio managers for the Fund and Javier Segovia will no longer serve as a portfolio manager for the Fund.

Therefore, effective May 1, 2024, the disclosure under the heading “Portfolio Managers” for the Fund is deleted in its entirety and replaced with the following:

The portfolio managers for the Fund are:

TCW Emerging Markets Local Currency Income Fund

Effective May 1, 2024, Jae H. Lee will be added as a portfolio manager for the Fund.

Therefore, effective May 1, 2024, the disclosure under the heading “Portfolio Managers” for the Fund is deleted in its entirety and replaced with the following:

The portfolio managers for the Fund are:

The foregoing disclosure supersedes any statements to the contrary under the heading “Management of the Funds – Portfolio Managers” beginning on page 96 of the Prospectus.

Please retain this Supplement for future reference.