TCW Converts $370M Bond Fund into New Active ETF 

The TCW Group has completed the conversion of its $370 million TCW MetWest Intermediate Bond Fund (Ticker: MWIIX) into a newly launched exchange-traded fund, the TCW Core Plus Bond ETF (Ticker: FIXT). The actively managed fund is designed as a core plus fixed income strategy, investing across a broad spectrum of sectors to seek total return while maintaining diversified market exposure. 

“TCW has more than doubled its ETF assets since last year, and we see continued strong interest in our suite of active ETFs as investors and advisors seek attractive yield and total return for their portfolios,” said Jennifer Grancio, global head of distribution at TCW. 

FIXT becomes the firm’s seventh fixed income ETF since launching its dedicated ETF platform in mid-2024. Other strategies in the lineup include the TCW Flexible Income ETF (FLXR), TCW AAA CLO ETF (ACLO), TCW Corporate Bond ETF (IGCB), TCW High Yield Bond ETF (HYBX), TCW Multisector Credit Income ETF (MUSE), and TCW Senior Loan ETF (SLNZ). TCW now manages over $2 billion across its fixed income ETFs. 

“Our active approach and track record in managing through changing market environments allows us to be nimble in seeking to be overweight more favorable opportunities while underweighting less appealing market segments,” added Bryan Whalen, CIO of TCW. 

In addition to its ETF growth, TCW recently expanded into private markets with the launch of the TCW Private Asset Income Fund (TPAY), an interval fund offering exposure to the $5 trillion asset-backed finance (ABF) market.