ETF Evaluator:
TCW Transform Supply Chain ETF ()
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(as of Aug 25)
Best Performing in Large Blend Over the Last Year
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| 31.8% | Astoria US Equal Weight Quality KingsETF (ROE) |
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ETF Details
TCW Transform Supply Chain ETF Overview
TCW Transform Supply Chain ETF (SUPP) is an actively managed U.S. Equity Large Blend exchange-traded fund (ETF). TCW launched the ETF in 2023.
The investment seeks long-term growth of capital.
The fund is an actively managed exchange-traded fund (“ETF”) that invests in U.S.-listed equity, ADR securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The fund is non-diversified.
About TCW Transform Supply Chain ETF (SUPP)
There are 2 members of the management team with an average tenure of 1.94 years: Eli Horton (2023) and Love Ghotra (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. TCW Transform Supply Chain ETF has 28 securities in its portfolio. The top 10 holdings constitute 60.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
TCW Transform Supply Chain ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. TCW Transform Supply Chain ETF has 17.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.6% There is 17.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). TCW Transform Supply Chain ETF has 1.8% of the portfolio in cash.
Assets Under Management
The fund has $11 million in total assets, which is below the $13 billion average for the Large Blend 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.
SUPP 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 Transform Supply Chain ETF expense ratio is above average compared to funds in the Large Blend category. TCW Transform Supply Chain ETF has an expense ratio of 0.75%, which is 81% higher than its category average, making the fund expense ratio grade a F. 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 Transform Supply Chain ETF has a portfolio turnover rate of 58%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 158% for the Large Blend category.
Recently, in the month of July 2026, TCW Transform Supply Chain ETF returned -10.4%, which earned it a grade of F, as the Large Blend category had an average return of -0.8%. 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 Transform Supply Chain ETF has a trailing yield of 0.31%, which is below the 1.16% category average.
The fund normally distributes its income quarterly 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 Transform Supply Chain ETF Grades
Year to date, the ETF has returned 13.7%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 13.6% over the past year (grade of F) and 14.1% over the past three years (grade of F).
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SUPP 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 |
|
| SUPP Return (NAV) | -10.4% | -1.6% | 13.6% | 14.1% | na | na |
| SUPP Return (Price) | -11.0% | -5.0% | 7.3% | 12.2% | na | na |
| NAV +/- Price Return | 0.579% | 3.350% | 6.293% | 1.846% | na | na |
| Large Blend Avg | -0.8% | 3.7% | 17.5% | 17.4% | 11.2% | 13.6% |
| SUPP Grade (NAV) | F | F | F | F | na | na |
| +/- Category (NAV) | -9.6% | -5.3% | -4.0% | -3.4% | na | na |
| SUPP Tax-Cost Ratio | na | na | 0.1% | 0.1% | na | na |
SUPP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SUPP Return (NAV) | 13.7% | 11.8% | 11.0% | na | na | na | na | na | na | na | na |
| SUPP Return (Price) | 7.6% | 12.5% | 11.0% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.448% | 0.057% | -0.001% | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.5% | 15.3% | 21.9% | 22.9% | -17.1% | 26.9% | 18.3% | 29.6% | -5.1% | 21.5% | 11.4% |
| SUPP Grade (NAV) | A | F | F | na | na | na | na | na | na | na | na |
| +/- Category | 4.2% | -3.6% | -10.9% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 1.27 |
| R-Squared: | 67% |
| Standard Deviation: | 20.3% |
| Category Risk Index: | 1.50 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.66 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.3% |
| Total Assets: | $ 12 Mil |
| Share Class Assets: | $ 12 Mil |
| Turnover: | 58.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.5 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Horton Eli (2023), Ghotra Love (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 28 |
| % in Top 10 Holdings: | 60.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 17.6% |
Portfolio Allocation |
|
| Domestic Stock: | 80.6% |
| Foreign Stock: | 17.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.8% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | TCW |
| Phone Number: | 866-364-1383 |
| Website: | |
| Inception Date: | February 14, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.41% |
