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Launched

TCW Corporate Bond ETF

IGCBNYSETCWC

$44.320.00 (0.00%)

As of Nov 10, 2026, 9:46 AM ET

C43/ 100

Rank 38 of 49 in Investment Grade Corporate

C43/100Rank 38 of 49inInvestment Grade Corporate
Intraday session: flat, 3 prints from 44.32 to 44.32. Range 44.07 to 44.32. Use the arrow keys to read each point.44.1044.1544.2044.2510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$36M
1Y total return
−0.5%
Yield · Last 12 months
4.69%
Holdings
409
Avg volume · 30D
5.88K sh
52W range
low $43.20high $47.01
Launched

The ETF.net IGCB Grade

C

Score 43 out of 100

Category
Investment Grade Corporate⁠
Rank
38 of 49
Six-pillar profile for IGCB. Scores out of 100: Cost 29, Risk 24, Mission 77, Tradability 46, Holdings 26, Durability 42. Strongest: Mission (77). Weakest: Risk (24). Leans toward Mission.

Score 43 of 100 falls in the C 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.
    D29 out of 100
    Rank 33 of 49

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A77 out of 100
    Rank 37 of 45

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F24 out of 100
    Rank 46 of 49

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 28 of 49

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D26 out of 100
    Rank 42 of 49

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 35 of 49

Our read on IGCB

ETF.net Research

In short

CMost investment-grade corporate bond ETFs just buy the index. IGCB hires a human: an active manager picking bonds issue by issue across roughly 400 US corporate names, with income paid monthly.

Stated mandate

The fund is actively managed and seeks long-term total return through a diversified portfolio of investment-grade corporate bonds. Its process emphasizes fundamental research and issue selection.

Why people hold it

  • Active by design. Managers select individual investment-grade corporate bonds on fundamental research instead of taking whatever a benchmark hands them.
  • Spreads the bet across roughly 400 US investment-grade corporate bonds, so no single issuer carries the portfolio.
  • Income arrives monthly rather than quarterly.
  • What it holds tracks what it advertises: an investment-grade US corporate portfolio, consistent with the mandate in its own documents.

Worth knowing

  • The 0.35% expense ratio is a real premium over index heavyweights like VCIT and USIG, which run at a few basis points. Active selection has to earn that gap.
  • A small, thinly traded fund, so bid-ask spreads can run wider than the giants'. Limit orders matter more here.
  • Active means the manager's picks drive results, so the portfolio can diverge from the broad corporate index in either direction.

IGCB Holdings

Holdings pillarD26 out of 100Rank 42 of 49 in Investment Grade Corporate
Asset class
Bonds
Holdings
409
Top-10 weight
20%
Largest holding
Us Treasury N/B 08/46 5.1254.0%

Sectors

  • Corporate57.8%
  • Government41.7%
  • Securitized0.5%

Geography

  • United States90.54%
  • United Kingdom1.77%
  • Australia1.53%
  • Netherlands1.27%
  • Germany1.04%
  • Luxembourg0.98%
  • Canada0.92%
  • Ireland0.86%
  • Other countries (6)1.08%
The fund’s holdings, weight-ordered — page 1 of 28.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUs Treasury N/B 08/46 5.1254.01%1,470,000$1.44M44
2No dataUs Treasury N/B 10/28 4.6252.94%1,054,000$1.06M33
3No dataUs Treasury N/B 08/36 4.6252.63%960,000$943K55
4No dataBank of America Corp Sr Unsecured 04/32 Var1.69%680,000$606K44
5No dataJPMorgan Chase & Co Sr Unsecured 11/32 Var1.68%690,000$603K41
6No dataNet Other Assets1.51%0$543K162
7No dataMorgan Stanley Sr Unsecured 01/36 Var1.48%540,000$532K36
8No dataJPMorgan Chase & Co Sr Unsecured 01/33 Var1.42%575,000$510K43
9No dataGoldman Sachs Group Inc Sr Unsecured 01/32 Var1.29%535,000$464K36
10No dataT Mobile Usa Inc Company Guar 02/31 2.551.18%478,000$425K41
11No dataWells Fargo & Company Sr Unsecured 03/33 Var1.15%460,000$414K39
12No dataAbbott Laboratories Sr Unsecured 03/36 4.650.92%350,000$328K41
13No dataHome Depot Inc Sr Unsecured 06/34 4.950.83%305,000$297K33
14No dataBank of America Corp Sr Unsecured 01/35 Var0.83%300,000$296K43
15No dataUs Treasury N/B 08/56 5.1250.77%282,000$276K45

Showing 1–15 of 409 holdings

IGCB Performance

Launched Jun 29, 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.
IGCB$9,953
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. IGCB $9,953. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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 IGCB. Periods over one year show the average yearly return.
PeriodIGCB
Year to date−1.0%
1 month+2.3%
3 months−0.3%
1 year−0.5%
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 IGCB
YearReturn barIGCB
2026 YTD−1.0%
2025+8.2%
2024−0.4%

History from Nov 19, 2024

IGCB in the news

IGCB 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 Nov 9, 2026.
4.69%Last 12 months
Payout per share
$2.08Last 12 months
Last payment
$0.18 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. 24 payments from 2024 to 2026 YTD. Dec 2, 2024 $0.20; Dec 18, 2024 $0.10; Feb 3, 2025 $0.13; Mar 3, 2025 $0.17; Apr 1, 2025 $0.17; May 1, 2025 $0.14; Jun 2, 2025 $0.15; Jul 1, 2025 $0.15; Aug 1, 2025 $0.18; Sep 2, 2025 $0.18; Oct 1, 2025 $0.21; Nov 3, 2025 $0.21; Dec 1, 2025 $0.21; Dec 17, 2025 $0.20; Feb 2, 2026 $0.17; Mar 2, 2026 $0.17; Apr 1, 2026 $0.17; May 1, 2026 $0.16; Jun 1, 2026 $0.16; Jul 1, 2026 $0.16; Aug 3, 2026 $0.16; Sep 1, 2026 $0.16; Oct 1, 2026 $0.18; Nov 2, 2026 $0.18. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 4, 2026$0.18
Oct 1, 2026Oct 5, 2026$0.18
Sep 1, 2026Sep 3, 2026$0.16
Aug 3, 2026Aug 5, 2026$0.16
Jul 1, 2026Jul 6, 2026$0.16
Jun 1, 2026Jun 3, 2026$0.16
May 1, 2026May 5, 2026$0.16
Apr 1, 2026Apr 6, 2026$0.17
Mar 2, 2026Mar 4, 2026$0.17
Feb 2, 2026Feb 4, 2026$0.17
Dec 17, 2025Dec 19, 2025$0.20
Dec 1, 2025Dec 3, 2025$0.21

See all 24 payments⁠

$10,000 in IGCB 1 year ago paid $445 in dividends.⁠

IGCB Risk

Risk pillarF24 out of 100Rank 46 of 49 in Investment Grade Corporate
How much the fund’s monthly returns vary, scaled to a year.
4.6%
Annualised · 23 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.
−0.38
vs 3-month T-bills · 23 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.
−5.1%
23 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.
1.19
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.

IGCB Cost

Compare IGCB and SPBO

Overpaying vs SPBO, tied cheapest in Investment Grade Corporate

$6,488

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

  • IGCB 0.35%

    $7,126

  • SPBO 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • IGCB 0.35%
  • SPBO 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530IGCB $7,126SPBO $638

Year by year

YearIGCBSPBOOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

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