TCW Corporate Bond ETF (IGCB) is an actively managed exchange-traded fund that seeks to generate long-term total return by investing primarily in U.S. investment grade corporate bonds, aiming to capture higher yields relative to Treasuries with modest credit risk through bottom-up credit selection. The ETF offers exposure to a diversified portfolio of investment grade corporate bonds; U.S. Treasury securities for duration management; and limited allocations to government-related, asset-backed, and other fixed income instruments, with top holdings including 2-Year Treasury Note Futures, U.S. Treasury Bonds, and U.S. Treasury Notes. It maintains a net expense ratio of 0.35%, pays monthly dividends (recent payouts including $0.21 per share ex-dividend November 3, 2025), and focuses on mid interest-rate sensitivity and credit quality in the corporate bond segment, targeting institutional and retail investors seeking income and total return in fixed income markets.
Issued and managed by TCW Investment Management Company LLC, headquartered in Los Angeles, California, the ETF converted from the TCW MetWest Corporate Bond Fund mutual fund by acquiring its assets and liabilities on November 18, 2024, marking its inception as an ETF on that date with first trade at $45.25 per share.
In late 2024, TCW significantly expanded its fixed income ETF platform, including IGCB alongside four other new actively managed ETFs, crossing $1 billion in assets under management for the suite; this strategic growth leverages TCW's 50 years of fixed income expertise across market cycles. The fund operates primarily in U.S. markets with portfolio managers Bryan T. Whalen (Chief Investment Officer, 28 years experience), Jerry Cudzil (Group Managing Director, 28 years), and others including Tammy Karp, Steven Purdy, and Brian Gelfand. As of recent data, assets stand at approximately $25-28 million with around 116,000-600,000 shares outstanding.