TCW Core Plus Bond ETF
FIXT
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- TCW Core Plus Bond ETF (FIXT) is an actively managed exchange-traded fund that seeks to maximize long-term total return, consistent with preservation of capital, through a core plus fixed income strategy investing primarily in a diversified portfolio of investment-grade and select high-yield bonds; agency mortgage-backed securities; government-related bonds; corporate bonds; government securities; asset-backed securities; and non-US bonds, with allocations that may opportunistically shift across sectors including up to 10% in below-investment-grade securities, US Treasury futures, and cash equivalents. The fund holds top positions such as 2 Year Treasury Note Future (10.26%), TCW Funds (8.43%), 5 Year Treasury Note Future (7.45%), United States Treasury Bonds 4.75% (5.34%), and US Treasury Note 4% (3.02%), representing 34.50% of the portfolio, with overall asset allocation of 85.98% US bonds, 4.06% non-US bonds, 1.24% cash, and 8.73% other. Managed by Bryan Whalen (since 2004), Jerry Cudzil and Ruben Hovhannisyan (since September 2023), the ETF operates with a net expense ratio of 0.40% and targets institutional and retail investors seeking income and modest risk in intermediate core-plus bond exposure. Launched on June 16, 2025, through the conversion of the TCW MetWest Intermediate Bond Fund (MWIIX), which transferred approximately $370 million in assets and liabilities to FIXT, marking a significant strategic shift to expand TCW's actively managed ETF platform. This conversion added FIXT as the seventh fixed income ETF in TCW's lineup since mid-2024, alongside 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), growing TCW's fixed income ETF assets to over $2 billion. The ETF, domiciled in the United States and listed on NYSE Arca, pays monthly dividends, with recent ex-dividend dates including November 3, 2025 ($0.21 per share) and September 2, 2025 ($0.15 per share), and manages total net assets of approximately $331 million as of late 2025. FIXT is issued by TCW ETF Trust and advised by TCW Investment Management Company LLC, a division of The TCW Group, Inc., a Los Angeles-based global asset management firm founded over 50 years ago with headquarters in Los Angeles, California, serving corporate pension plans, financial institutions, endowments, and high-net-worth individuals primarily in the United States. The fund focuses on mid interest-rate sensitivity and mid credit quality within the intermediate core-plus bond Morningstar category, available through major US exchanges with minimum investments starting at $3 million initial and $50,000 additional.