TCW High Yield Bond ETF
HYBX
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 865 South Figueroa Street Los Angeles CA United States of America 90017
- IPO Date
- Nov 18, 2024
- Website
- tcw.com
- Similar Companies
- Business
- TCW High Yield Bond ETF (HYBX) is an actively managed exchange-traded fund that seeks current income and above-average total returns consistent with reasonable risk over a full market cycle by investing at least 80% of its net assets in high yield bonds, commonly known as junk bonds rated BB or below by Moody's or S&P; the fund's portfolio includes high yield corporate bonds, emphasizing diligent issue selection and active management responsive to economic cycles; it benchmarks performance against indices such as the Bloomberg U.S. Universal Bond Index, Bloomberg U.S. Corporate High Yield 2% Cap Index, and FTSE US High Yield Cash Pay Custom Index. HYBX, issued by TCW ETF Trust and managed by TCW Investment Management Company, part of The TCW Group, Inc., operates primarily in the U.S. fixed income markets, targeting investors seeking high yield fixed income exposure through a diversified portfolio of approximately 300-336 holdings. Launched as an ETF in late 2024 through the conversion of assets and liabilities from the predecessor TCW High Yield Bond mutual fund, HYBX forms part of TCW's rapidly expanding suite of actively managed fixed income ETFs, which crossed $1 billion in assets under management by March 2025 and grew to over $2 billion by mid-2025. TCW, founded in 1971 and headquartered in Los Angeles, California, bolstered its ETF platform with the October 2023 acquisition of Engine No. 1's Transform ETF business; in mid-2024, it initiated its fixed income ETF launches including HYBX alongside products like TCW Flexible Income ETF (FLXR), TCW AAA CLO ETF (ACLO), TCW Corporate Bond ETF (IGCB), TCW Multisector Credit Income ETF (MUSE), and TCW Senior Loan ETF (SLNZ); subsequent expansions in June 2025 included the conversion of the TCW MetWest Intermediate Bond Fund into the TCW Core Plus Bond ETF (FIXT), and in November 2024, TCW unveiled five additional active fixed income ETFs, three via mutual fund conversions. The fund provides intra-day trading flexibility, transparency, and a competitive 0.50% expense ratio, serving institutional investors, financial advisors, and high-net-worth individuals across the United States with a focus on credit sectors for income generation and portfolio diversification.