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Launched

TCW Flexible Income ETF

FLXRNYSETCWB

$37.96−0.04 (−0.11%)

As of Nov 2, 2026, 3:59 PM ET

B66/ 100

Rank 10 of 29 in Global Aggregate Bond (Unhedged)

B66/100Rank 10 of 29inGlobal Aggregate Bond (Unhedged)
Intraday session: down, 78 prints from 38.00 to 37.96. Range 37.96 to 38.06. Use the arrow keys to read each point.37.9838.0238.0438.0610 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$3.85B
1Y total return
+1.9%
Yield · Last 12 months
6.28%
Holdings
1515
Avg volume · 30D
620K sh
52W range
low $36.03high $39.90
Launched

The ETF.net FLXR Grade

B

Score 66 out of 100

Category
Global Aggregate Bond (Unhedged)⁠
Rank
10 of 29
Six-pillar profile for FLXR. Scores out of 100: Cost 54, Risk 74, Mission 82, Tradability 55, Holdings 70, Durability 72. Strongest: Mission (82). Weakest: Cost (54). Leans toward Mission.

Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C54 out of 100
    Rank 13 of 29

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A82 out of 100
    Rank 16 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A74 out of 100
    Rank 5 of 29

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B55 out of 100
    Rank 10 of 29

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 9 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A72 out of 100
    Rank 7 of 29

Our read on FLXR

ETF.net Research

In short

BA go-anywhere bond fund from a fixed-income house. TCW measures FLXR against the Agg but doesn't copy it, roaming global credit, currencies and rates in search of income. Running since 2018, and it pays monthly.

Stated mandate

The fund seeks a high level of current income and, secondarily, long-term capital appreciation. It uses an actively managed flexible approach across global opportunities tied to credit, currencies, and interest rates.

Why people hold it

  • Benchmarked to the Agg, not handcuffed to it: an active team works global credit, currencies and rates for current income, with long-term capital appreciation as the stated second goal.
  • One of the older active bond ETFs on the tape, live since 2018 and run by a dedicated fixed-income shop. It has since grown into a multi-billion-dollar fund.tcw.com
  • Roughly 1,600 positions and a monthly distribution: no single bond carries the portfolio, and income lands on a regular schedule.
  • Sits in the upper half of a crowded aggregate-bond field, and sees enough steady volume to absorb ordinary retail-sized orders.

Worth knowing

  • The 0.40% fee is real money beside plain index Agg trackers like BND and AGG at 0.03%. You are buying a manager's judgment, not a rulebook.
  • Active and flexible cuts both ways: results ride on the team's calls, and the portfolio can look nothing like the Agg index it reports against.
  • Monthly does not mean fixed. The payout tracks what the bonds and currency positions actually earn, so the size of each check moves around.

FLXR Performance

Launched Nov 30, 2018

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FLXR$10,191
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FLXR $10,191. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FLXR. Periods over one year show the average yearly return.
PeriodFLXR
Year to date+1.0%
1 month+1.2%
3 months−0.3%
1 year+1.9%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FLXR
YearReturn barFLXR
2026 YTD+1.0%
2025+8.4%
2024+4.8%

History from Jun 24, 2024

FLXR in the news

FLXR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
6.28%Last 12 months
Payout per share
$2.40Last 12 months
Last payment
$0.20 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2024–2026

One bar per payment. 28 payments from 2024 to 2026 YTD. Jul 1, 2024 $0.14; Aug 1, 2024 $0.25; Sep 3, 2024 $0.24; Oct 1, 2024 $0.20; Nov 1, 2024 $0.20; Dec 2, 2024 $0.19; Dec 18, 2024 $0.12; Feb 3, 2025 $0.23; Mar 3, 2025 $0.20; Apr 1, 2025 $0.19; May 1, 2025 $0.18; Jun 2, 2025 $0.17; Jul 1, 2025 $0.17; Aug 1, 2025 $0.17; Sep 2, 2025 $0.16; Oct 1, 2025 $0.17; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 17, 2025 $0.20; Feb 2, 2026 $0.20; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.20. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.20
Oct 1, 2026Oct 5, 2026$0.20
Sep 1, 2026Sep 3, 2026$0.20
Aug 3, 2026Aug 5, 2026$0.20
Jul 1, 2026Jul 6, 2026$0.20
Jun 1, 2026Jun 3, 2026$0.20
May 1, 2026May 5, 2026$0.20
Apr 1, 2026Apr 6, 2026$0.20
Mar 2, 2026Mar 4, 2026$0.20
Feb 2, 2026Feb 4, 2026$0.20
Dec 17, 2025Dec 19, 2025$0.20
Dec 1, 2025Dec 3, 2025$0.20

See all 29 payments⁠

$10,000 in FLXR 1 year ago paid $602 in dividends.⁠

FLXR Risk

Risk pillarA74 out of 100Rank 5 of 29 in Global Aggregate Bond (Unhedged)
How much the fund’s monthly returns vary, scaled to a year.
3.2%
Annualised · 28 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.56
vs 3-month T-bills · 28 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−2.3%
28 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FLXR Cost

Compare FLXR and BNDW

Overpaying vs BNDW, cheapest in Global Aggregate Bond (Unhedged)

$7,030

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLXR 0.40%

    $8,090

  • BNDW 0.05% Cheapest

    $1,060

$10,000
30 years

Cost over time

  • FLXR 0.40%
  • BNDW 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FLXR $8,090BNDW $1,060

Year by year

YearFLXRBNDWOverpaying
10$723$92$631
20$2,793$360$2,433
30$8,090$1,060$7,030

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