TCW Flexible Income ETF
FLXR
New York Stock Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 865 South Figueroa Street Los Angeles CA United States of America 90017
- IPO Date
- Jun 24, 2024
- Website
- tcw.com
- Similar Companies
- Business
- TCW Flexible Income ETF (FLXR) is an actively managed exchange-traded fund that seeks a high level of current income with a secondary objective of long-term capital appreciation by investing across a diversified mix of fixed income securities and instruments. The fund allocates at least 80% of its net assets to income-generating fixed income investments, including corporate bonds, notes, mortgage-related and asset-backed securities such as collateralized debt obligations, bank loans, municipal securities, U.S. and non-U.S. money market securities, defaulted debt securities, private placements, and restricted securities issued by domestic and foreign corporations and governments, encompassing emerging markets; it maintains flexibility across sectors, credit qualities from AAA to CCC and below, and maturity profiles with no limits on weighted average maturity. Portfolio allocations as of June 30, 2024, feature significant exposure to mortgage-backed securities (43.69%, including 23.10% agency MBS and 20.60% non-agency), credit/corporates (30.03%), and asset-backed securities (14.94%), with effective duration of 3.78 years and a 30-day SEC yield of 6.77%. FLXR, issued by TCW Investment Management Company and listed on the NYSE Arca, targets investors seeking resilient income generation amid varying market conditions through dynamic adjustments in duration, sector allocation, and credit exposure managed by a team averaging 17 years of fixed income experience, including Chief Investment Officer Bryan T. Whalen and Group Managing Director Jerry Cudzil. The fund serves institutional investors, financial advisors, high-net-worth individuals, endowments, and foundations as part of TCW's broader offerings in fixed income, alternatives, and equities. It traces its inception to November 30, 2018, via its predecessor MetWest Flexible Income Fund (MWFEX), with the ETF structure launched following conversion on June 24, 2024, and operates primarily from TCW's headquarters in Los Angeles, California, with a total expense ratio of 0.40% and monthly distributions. Recent developments include surpassing $2 billion in assets under management as of October 2025, nearly quadrupling in size during the year with $1.48 billion in net inflows, establishing it as the fastest-growing fund in its peer group; this growth follows TCW's strategic entry into the active ETF market via the October 2023 acquisition of Engine No. 1's ETF business, which provided equity ETFs and infrastructure for fixed income expansion, including the launch of six additional active fixed income ETFs post-FLXR. The fixed income ETF platform crossed $1 billion in assets in March 2025, underscoring TCW's rapid scaling in the segment. These milestones reflect TCW's shift from traditional mutual funds to ETFs, enhancing transparency, lower costs, and intraday trading for clients.