ETF Evaluator:
TCW Corporate Bond ETF ()
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(as of Aug 26)
Best Performing in Corporate Bond Over the Last Year
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ETF Details
TCW Corporate Bond ETF Overview
TCW Corporate Bond ETF (IGCB) is an actively managed Taxable Bond Corporate Bond exchange-traded fund (ETF). TCW launched the ETF in 2018.
The investment seeks to maximize long-term total return.
The fund invests, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of corporate bonds of varying maturities issued by U.S. and foreign corporations, including those in developed market and emerging market countries. It invests in the U.S. and abroad, including emerging markets and instruments that are economically tied to emerging market countries.
About TCW Corporate Bond ETF (IGCB)
There are 5 members of the management team with an average tenure of 5.93 years: Bryan Whalen (2018), Tammy Karp (2020), Steven Purdy (2021), Jerry Cudzil (2018) and Brian Gelfand (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg U.S. Corp Invst Grade TR USD index with a weighting of 100%. TCW Corporate Bond ETF has 418 securities in its portfolio. The top 10 holdings constitute 65.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
TCW Corporate Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. TCW Corporate Bond ETF has -8.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.8% (102.2% domestic bond, -8.5% foreign bond and 0.0% convertible bond). TCW Corporate Bond ETF has 6.2% of the portfolio in cash.
Assets Under Management
The fund has $40 million in total assets, which is below the $3 billion average for the Corporate Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IGCB Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TCW Corporate Bond ETF expense ratio is below average compared to funds in the Corporate Bond category. TCW Corporate Bond ETF has an expense ratio of 0.35%, which is 43% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. TCW Corporate Bond ETF has a portfolio turnover rate of 133%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 58% for the Corporate Bond category.
Recently, in the month of July 2026, TCW Corporate Bond ETF returned -1.7%, which earned it a grade of D, as the Corporate Bond category had an average return of -1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
TCW Corporate Bond ETF has a trailing yield of 4.85%, which is below the 5.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
TCW Corporate Bond ETF Grades
Year to date, the ETF has returned -1.2%, 0.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.0% over the past year (grade of F), 4.7% over the past three years (grade of C) and -0.4% per year over the past five years (grade of D).
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IGCB Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IGCB Return (NAV) | -1.7% | -1.0% | 2.0% | 4.7% | -0.4% | na |
| IGCB Return (Price) | -2.2% | -1.0% | 2.7% | 4.7% | -0.4% | na |
| NAV +/- Price Return | 0.507% | -0.003% | -0.656% | 0.028% | 0.016% | na |
| Corporate Bond Avg | -1.4% | -0.6% | 2.6% | 4.8% | 0.1% | 2.3% |
| IGCB Grade (NAV) | D | F | F | C | D | na |
| +/- Category (NAV) | -0.3% | -0.4% | -0.6% | -0.1% | -0.5% | na |
| IGCB Tax-Cost Ratio | na | na | 1.9% | 1.7% | 1.5% | na |
IGCB Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IGCB Return (NAV) | -1.2% | 8.3% | 2.2% | 8.4% | -16.3% | -0.8% | 12.4% | 15.0% | na | na | na |
| IGCB Return (Price) | -1.3% | 8.4% | 2.1% | 8.4% | -16.3% | -0.8% | 12.4% | 15.0% | na | na | na |
| NAV +/- Price Ret | 0.098% | 0.013% | -0.029% | 0.000% | 0.000% | 0.000% | 0.000% | 0.0% | na | na | na |
| Corporate Bond Avg | -0.6% | 7.8% | 2.8% | 8.3% | -14.8% | -0.9% | 9.6% | 13.5% | -2.0% | 5.2% | 5.0% |
| IGCB Grade (NAV) | F | A | D | D | F | A | A | A | na | na | na |
| +/- Category | -0.6% | 0.5% | -0.7% | 0.1% | -1.5% | 0.1% | 2.8% | 1.5% | na | na | na |
| Risk Measures | |
| Beta: | 1.20 |
| R-Squared: | 98% |
| Standard Deviation: | 6.8% |
| Category Risk Index: | 1.16 |
| Category Risk Rating: | High |
| Total Risk Index: | 0.56 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 4.9% |
| Total Assets: | $ 41 Mil |
| Share Class Assets: | $ 41 Mil |
| Turnover: | 133.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 8.1 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Whalen Bryan (2018), Cudzil Jerry (2018), Karp Tammy (2020), Purdy Steven (2021), Gelfand Brian (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 418 |
| % in Top 10 Holdings: | 65.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | -8.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 102.2% |
| Foreign Bond: | -8.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 6.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TCW |
| Phone Number: | 866-364-1383 |
| Website: | |
| Inception Date: | June 29, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.25% |
