TCW Completes Conversion of Flexible Income Mutual Fund to ETF
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TCW continues strategic expansion of ETF suite with third conversion of the year
LOS ANGELES, June 24, 2024—(BUSINESS WIRE)—The TCW Group, a leading global asset management firm, announced today that it has completed the conversion of TCW’s MetWest Flexible Income Fund (Ticker: MWFEX) into an exchange-traded fund (ETF): the TCW Flexible Income ETF (Ticker: FLXR).
FLXR is an actively managed ETF designed for investors seeking consistent income. It has the flexibility to invest across sectors, allowing allocation shifts based on changing market conditions. With inflation continuing to be top of mind, we believe generating consistent income is a growing requirement for today’s investors.
"Over the past half-century, TCW has built a leading fixed income business committed to delivering sustained returns for clients, backed by our experienced portfolio management team," said Bryan Whalen, Chief Investment Officer and Generalist Portfolio Manager in TCW’s Fixed Income Group. "This conversion marks a natural next step, delivering our strong track record in an easy-to-access ETF."
FLXR is the newest addition to TCW’s suite of actively managed ETFs, which aim to provide investors with the benefits of transparency, low cost, and intraday trading flexibility. TCW continues to expand its ETF offerings, announcing the completion of its first two conversions in May.
"We are excited to add FLXR to our ETF lineup," said Jennifer Grancio, Global Head of Distribution at TCW. "FLXR is a smart way to add diversified income to a portfolio, and we look forward to growing our offering for our clients who are demanding ETFs."
The TCW Flexible Income ETF (Ticker: FLXR) will join TCW’s existing ETF suite:
| ETF | Fund Overview |
| TCW Transform Systems ETF (Ticker: NETZ) | An actively managed ETF that seeks to invest in 20 to 30 companies across sectors that are driving and benefiting from the energy transition. |
| TCW Transform Supply Chain ETF (Ticker: SUPP) | An actively managed ETF that seeks to invest in 20 to 30 companies across sectors that are driving and benefiting from the reshoring of global supply chains to North America. |
| TCW Artificial Intelligence ETF (Ticker: AIFD) | An actively managed ETF that seeks to invest in 30 to 50 companies across sectors that are leading the development and commercialization of artificial intelligence technology. |
| TCW Compounders ETF (Ticker: GRW) | An actively managed ETF that seeks to invest in 20 to 30 industry leading companies with predictable business models generating free cash flows that we expect to compound returns for the long term. |
| TCW Transform 500 ETF (Ticker: VOTE) | A low-cost, passive ETF providing exposure to 500 of the largest U.S. publicly traded stocks. By actively voting and directly engaging companies on material issues, TCW drives long-term value. |
About The TCW Group
TCW is a leading global asset management firm with a broad range of products across fixed income, alternative investments, equities, and emerging markets. With over half a century of investment experience, TCW manages approximately $200 billion in client assets today. Through its ETFs, MetWest Funds, and TCW Funds, TCW manages one of the largest fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.