TCW Multisector Credit Income ETF
$48.15+0.09 (+0.19%)
- 0.56%
- $38M
- +3.4%
- 8.07%
- 0M sh
- $48.08
- low $47.70high $50.93
The ETF.net MUSE Grade
D
Score 26 out of 100
- 78 of 85
Score 26 of 100 falls in the D 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.D25 out of 100Rank 61 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F9 out of 100Rank 69 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 70 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 76 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B69 out of 100Rank 31 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F20 out of 100Rank 82 of 85
Our read on MUSE
DMost of the high yield aisle just tracks an index. MUSE is a TCW credit team picking its own spots across junk bonds, bank loans and emerging market debt, with income paid monthly.
The fund is actively managed and seeks long-term income through a diversified, multisector fixed-income portfolio.
Why people hold it
- Actively managed and free to roam: high yield securities, bank loans and foreign including emerging market credit, all under one ticker instead of a single index sleeve.tcw.com
- Income is the stated job, and distributions are paid monthly rather than on a quarterly schedule.
- The portfolio is spread over a few hundred positions across several credit sectors, so no single borrower carries the fund.tcw.com
Worth knowing
- 0.56% a year buys the manager's judgment. The cohort median is 0.40%, and index rivals like SCYB (0.03%) and SPHY (0.05%) charge a sliver of that.
- Small asset base and light trading, which can mean wider bid-ask spreads than the big index funds in this category.
- It launched in late 2024, so the record is short and covers only one stretch of credit conditions.
MUSE Holdings
- Bonds
- 273
- 11%
- Tcw Central Cash Fund Tcw Central Cash Fund Inst
Geography
- United States100.00%
MUSE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MUSE$10,341
Returns run to the Oct 12, 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.
| Period | MUSE |
|---|---|
| Year to date | +1.8% |
| 1 month | −2.1% |
| 3 months | −1.1% |
| 1 year | +3.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MUSE |
|---|---|---|
| 2026 YTD | +1.8% | |
| 2025 | +8.3% | |
| 2024 | +0.3% |
MUSE in the news
MUSE Dividends
- 8.07%
- $3.89
- $0.32 per share
- Monthly
Distribution history
MUSE Risk
- 3.4%
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.
- 0.30
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.
- −3.6%
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.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MUSE Cost
0.56%
MUSE0.56%
- The middle half of US High Yield funds
- Median 0.43%
64 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.4%
- DHYBXTCW High Yield Bond ETFExpense ratio 0.50%1 year return +2.4%
- FPCHIPolen High Income ETFExpense ratio 0.66%1 year return +1.0%
- FJOJOATAC Credit Rotation ETFExpense ratio 1.49%1 year return −1.7%
- FPCEBPolen Euro High Yield Bond ETFExpense ratio 0.75%1 year return —