Latest news with #TCW
Globe and Mail
2 days ago
- Business
- Globe and Mail
First Trust Announces Shareholder Approval of New Investment Sub-Advisory Agreement and 'Manager of Managers' Structure for First Trust Smith Opportunistic Fixed Income ETF (FIXD) and First Trust Smith Unconstrained Bond ETF (UCON)
First Trust Advisors L.P. ('FTA') announced today that the shareholders of First Trust Smith Opportunistic Fixed Income ETF (formerly known as First Trust TCW Opportunistic Fixed Income ETF) (FIXD) and First Trust Smith Unconstrained Bond ETF (formerly known as First Trust TCW Unconstrained Plus Bond ETF) (UCON) (the 'Funds'), each a series of First Trust Exchange-Traded Fund VIII (the 'Trust'), have voted to approve for the applicable Fund (1) a new investment sub-advisory agreement (the 'New Sub-Advisory Agreement') among the Trust, on behalf of the Fund, FTA, as investment advisor, and Smith Capital Investors, LLC ('Smith Capital'), as investment sub-advisor, and (2) a 'manager of managers' structure (the 'Manager of Managers Structure'). New Sub-Advisory Agreement. At a meeting held on March 9-10, 2025 (the 'Board Meeting'), at the recommendation of FTA, the Board of Trustees of the Trust (the 'Board') unanimously approved, on behalf of each Fund: (1) the termination of TCW Investment Management Company LLC ('TCW'), the Fund's previous sub-advisor; (2) the appointment of Smith Capital as sub-advisor to the Fund pursuant to an interim sub-advisory agreement ('Interim Agreement') which became effective as of the close of business on May 9, 2025 following the termination of the Fund's prior sub-advisory agreement with TCW; and (3) the longer-term appointment of Smith Capital as sub-advisor to the Fund and, subject to shareholder approval, the implementation of the New Sub-Advisory Agreement. For each Fund, the New Sub-Advisory Agreement became effective upon shareholder approval and the Interim Agreement, pursuant to which Smith Capital was previously providing investment sub-advisory services, is no longer in effect. Manager of Managers Structure. At the Board Meeting, with respect to each Fund, the Board approved, and recommended that shareholders approve, the Manager of Managers Structure. As indicated above, the Manager of Managers Structure has been approved by shareholders of each Fund. In general terms, under each Fund's Manager of Managers Structure, FTA and the Trust, subject to approval by the Board, may enter into and materially amend investment sub-advisory agreements with affiliated and unaffiliated sub-advisors for the Fund without obtaining shareholder approval. In addition, under the Manager of Managers Structure, each Fund is permitted to disclose, as applicable, certain information regarding investment advisory and sub-advisory fees on an aggregate, rather than an individual, basis in various disclosure documents. As the investment sub-advisor to each Fund, Smith Capital is responsible for, among other things, the selection and ongoing monitoring of the securities in the Fund's investment portfolio. Smith Capital, with principal offices at 1430 Blake Street, Denver, Colorado 80202, was founded in 2018 and provides a disciplined, fundamentally driven approach to fixed-income investment management and advisory services. As of July 11, 2025, Smith Capital had approximately $12 billion under management or committed to management. FTA is a federally registered investment advisor and serves as each Fund's investment advisor. FTA and its affiliate, First Trust Portfolios L.P. ('FTP'), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $268 billion as of May 30, 2025 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois. The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, FTA is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Yahoo
6 days ago
- Business
- Yahoo
TCW Transform Systems ETF Outperforms S&P 500
TCW Managing Director Portfolio Manager Eli Horton explains how his firm's transform systems ETF PWRD, has been outperforming the S&P 500 over the past year on "Bloomberg Markets." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
TCW Strategic Income Fund Announces Quarterly Distribution
LOS ANGELES, June 16, 2025--(BUSINESS WIRE)--TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.065 per share payable to shareholders of record on June 30, 2025, with the payable date of July 11, 2025. The distribution is based on a policy that was approved by the Board of Directors in December 2013 which was to pay distributions out of the Fund's accumulated net investment income and/or other sources subject to the requirements of the Investment Company Act of 1940, as amended, and Sub-chapter M of the Internal Revenue Code. The Directors will regularly monitor conditions and circumstances relating to the distribution of dividends and make such changes as they, in consultation with the Fund's portfolio managers, deem appropriate. Distribution policy is a matter of Board discretion and may be modified or terminated at any time without prior notice. TSI is a closed-end fund listed on the New York Stock Exchange. The Fund began operations in March 1987 and currently has net assets of approximately $247 million. 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. Through its TCW MetWest Funds, TCW Funds and ETF suite, 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 Various matters discussed in this news release constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including general economic conditions, overall availability of certain types of securities for investment by the Fund, the level of volatility in the securities markets and in the share price of the Fund, and other risk factors outlined in the Fund's SEC Filings. View source version on Contacts Investor Contact:Tel: 800-386-3829Media Contact:Doug MorrisHead of Corporate CommunicationsTel: 213-244-0509 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
16-06-2025
- Business
- Business Wire
TCW Launches $370 Million Core Plus Fixed Income ETF
LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global investment firm, today announced that it has completed the conversion of the TCW MetWest Intermediate Bond Fund (Ticker: MWIIX) into a new exchange-traded fund (ETF), the TCW Core Plus Bond ETF (Ticker: FIXT). FIXT is the newest addition to TCW's suite of actively managed ETFs, which seek to provide investors with the benefits of transparency, low cost, intra-day trading and flexibility. FIXT is a core plus fixed income ETF designed to help maximize total return while maintaining broad market exposure. The fund invests across a broad range of fixed income sectors, allowing the investment team to opportunistically shift allocations based on changing market conditions. 'The conversion of FIXT continues our more than 50-year heritage in providing world-class products that allow investors to capitalize on attractive alpha opportunities while actively seeking to mitigate downside risk,' said Jennifer Grancio, Global Head of Distribution at TCW. 'TCW has more than doubled its ETF assets since last year, and we see continued strong interest in our suite of active ETFs as investors and advisors seek attractive yield and total return for their portfolios.' FIXT is TCW's seventh fixed income ETF since the launch of its fixed income ETF platform in mid-2024. TCW's other fixed income ETFs are the 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). TCW's fixed income ETF platform today manages over $2 billion in assets. 'Our active approach and track record in managing through changing market environments allows us to be nimble in seeking to be overweight more favorable opportunities while underweighting less appealing market segments,' said Bryan Whalen, Chief Investment Officer of TCW. 'FIXT provides investors the potential for attractive returns while providing ballast in a diversified portfolio.' 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. Through its TCW MetWest Funds, TCW Funds and ETF suite, 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 Before investing you should carefully consider the fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained from Please read the prospectus carefully before you invest. INVESTMENT RISKS TCW Core Plus Bond Fund ETF (FIXT) is subject to the following risks: High yield securities may be subject to greater fluctuations in value and risk of loss of income and principal than higher-rated securities. It is important to note that the Fund is not guaranteed by the U.S. Government. Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal. Mortgage-backed and other asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. MBS related to floating rate loans may exhibit greater price volatility than a fixed rate obligation of similar credit quality. With respect to non-agency MBS, there are no direct or indirect government or agency guarantees of payments in pools created by non-governmental issuers. Non-agency MBS are also not subject to the same underwriting requirements for the underlying mortgages that are applicable to those mortgage-related securities that have a government or government-sponsored entity guarantee. The Fund's investments denominated in foreign currencies will decline in value if the foreign currency declines in value relative to the U.S. dollar. Fund share prices and returns will fluctuate with market conditions, currencies, and the economic and political climates where the investments are made. The securities markets of emerging market countries can be extremely volatile. Mortgage-backed and other asset-backed securities often involve risks that are different from or more acute than risks associated with other types of debt instruments. All investing involves risk including the potential loss of principal. Market volatility may significantly impact the value of your investments. Recent tariff announcements may add to this volatility, creating additional economic uncertainty and potentially affecting the value of certain investments. Tariffs can impact various sectors differently, leading to changes in market dynamics and investment performance. Please see the Fund's Prospectus for more information on these and other risks. The Fund is advised by TCW Investment Management Company LLC. Distributed by Foreside Financial Services, LLC. NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE © 2025 TCW Group. All rights reserved.
Business Wire
13-06-2025
- Business
- Business Wire
TCW to Change Listing Exchange of Equity ETFs to NASDAQ
LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global asset management firm, today announced that, effective June 27, 2025, the listing exchange for shares of each of the following series (each, an 'ETF' and, collectively, the 'ETFs') of TCW ETF Trust (the 'Trust') will be changed from the New York Stock Exchange to the NASDAQ. The ETFs will begin trading on the NASDAQ as of the open of trading on June 27, 2025. Shareholders of each of the ETFs are not anticipated to be impacted or need to take any action in connection with the change in listing exchange. The ticker of each ETF will remain the same. 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. Through its TCW MetWest Funds, TCW Funds and ETF suite, 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 Before investing you should carefully consider the fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained from Please read the prospectus carefully before you invest. Investments involve risk. Principal loss is possible. The Funds are advised by TCW Investment Management Company LLC. Distributed by Foreside Financial Services, LLC. Effective October 13, 2023, TCW acquired the Transform ETF business from Engine No. 1 and the funds' adviser became TCW Investment Management Company LLC. Prior to that date, the fund's adviser was Fund Management at Engine No. 1 LLC. © 2025 TCW Group. All rights reserved.
