TCW continues strategic expansion of ETF suite
with third conversion of the year
The TCW Group, a leading global asset management firm, announced
today that it has completed the conversion of TCW’s MetWest
Flexible Income Fund (Ticker: MWFEX) into an exchange-traded fund
(ETF): the TCW Flexible Income ETF (Ticker: FLXR).
FLXR is an actively managed ETF designed for investors seeking
consistent income. It has the flexibility to invest across sectors,
allowing allocation shifts based on changing market conditions.
With inflation continuing to be top of mind, we believe generating
consistent income is a growing requirement for today’s
investors.
“Over the past half-century, TCW has built a leading fixed
income business committed to delivering sustained returns for
clients, backed by our experienced portfolio management team,” said
Bryan Whalen, Chief Investment Officer and Generalist Portfolio
Manager in TCW’s Fixed Income Group. “This conversion marks a
natural next step, delivering our strong track record in an
easy-to-access ETF.”
FLXR is the newest addition to TCW’s suite of actively managed
ETFs, which aim to provide investors with the benefits of
transparency, low cost, and intraday trading flexibility. TCW
continues to expand its ETF offerings, announcing the completion of
its first two conversions in May.
“We are excited to add FLXR to our ETF lineup,” said Jennifer
Grancio, Global Head of Distribution at TCW. “FLXR is a smart way
to add diversified income to a portfolio, and we look forward to
growing our offering for our clients who are demanding ETFs.”
The TCW Flexible Income ETF (Ticker: FLXR) will join TCW’s
existing ETF suite:
ETF
Fund Overview
TCW Transform Systems ETF (Ticker:
NETZ)
An actively managed ETF that seeks to
invest in 20 to 30 companies across sectors that are driving and
benefiting from the energy transition.
TCW Transform Supply Chain ETF (Ticker:
SUPP)
An actively managed ETF that seeks to
invest in 20 to 30 companies across sectors that are driving and
benefiting from the reshoring of global supply chains to North
America.
TCW Artificial Intelligence ETF (Ticker:
AIFD)
An actively managed ETF that seeks to
invest in 30 to 50 companies across sectors that are leading the
development and commercialization of artificial intelligence
technology.
TCW Compounders ETF (Ticker: GRW)
An actively managed ETF that seeks to
invest in 20 to 30 industry leading companies with predictable
business models generating free cash flows that we expect to
compound returns for the long term.
TCW Transform 500 ETF (Ticker: VOTE)
A low-cost, passive ETF providing exposure
to 500 of the largest U.S. publicly traded stocks. By actively
voting and directly engaging companies on material issues, TCW
drives long-term value.
About The TCW Group
TCW is a leading global asset management firm with a broad range
of products across fixed income, alternative investments, equities,
and emerging markets. With over half a century of investment
experience, TCW manages approximately $200 billion in client assets
today. Through its ETFs, MetWest Funds, and TCW Funds, TCW manages
one of the largest fund complexes in the U.S. TCW’s clients include
many of the world’s largest corporate and public pension plans,
financial institutions, endowments and foundations, as well as
financial advisors and high net worth individuals. For more
information, please visit www.tcw.com.
Important Information
Before investing you should carefully consider the fund’s
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
from etf.tcw.com. Please read the prospectus carefully before you
invest.
Shares of any exchange traded fund (ETF) are bought and sold at
market price (not net asset value (NAV)), may trade at a discount
or premium to NAV and are not individually redeemed from the Funds.
Brokerage commissions will reduce returns. NAVs are calculated
using prices as of 4:00 PM Eastern Time. The closing price is the
Mid-Point between the Bid and Ask price as of the close of
exchange. Closing price returns do not represent the returns you
would receive if you traded shares at other times.
The TCW Flexible Income ETF (FLXR) acquired the assets and
liabilities of the predecessor mutual fund, the MetWest Flexible
Income Fund, on June 24, 2024. As a result of the transaction, the
ETF adopted the accounting and performance history of its
predecessor mutual fund. Performance results shown prior to June
24, 2024, reflect the performance of the predecessor mutual fund.
The ETF’s investment objectives, strategies and policies are
substantially similar to those of the predecessor mutual fund and
it was managed by the same portfolio managers. The NAV returns
shown prior to June 24, 2024 reflects the predecessor mutual fund’s
NAV. Prior to June 24, 2024, market returns are based on the
predecessor mutual fund’s NAV. The ETF has lower expenses than the
predecessor mutual fund. Had the predecessor mutual fund for
periods prior to June 24, 2024, been structured as an ETF, its
performance may have differed. The Fund’s (and the predecessor
mutual fund’s) past performance (before and after taxes) is not
necessarily an indication of how the Fund will perform in the
future. The listing date of the ETF is June 24, 2024, but note that
the ETF is the accounting and performance survivor of the
predecessor mutual fund, whose inception date is November 30,
2018.
The Fund is considered to be non-diversified, which means that
each may invest more of its assets in, and be more exposed to the
risks of, the securities of a single issuer or a smaller number of
issuers, which may increase each Fund's volatility.
The Funds are advised by TCW Investment Management Company LLC.
Distributed by Foreside Financial Services, LLC. Effective October
13, 2023, TCW acquired the Transform ETF business from Engine No. 1
and the Transform funds' adviser became TCW Investment Management
Company LLC. Prior to that date, the Transform funds' adviser was
Fund Management at Engine No. 1 LLC
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240624860648/en/
Media Contact: Doug Morris Head of Corporate
Communications +1-213-244-0509 doug.morris@tcw.com