TCW Multisector Credit Income ETF
$49.10−0.07 (−0.15%)
- Expense ratio
- 0.56%
- Fund size
- $38M
- 1Y return
- +4.3%
- Yield · Last 12 months
- 7.91%
- Holdings
- 275
- Volume · 30D
- 0M sh
- NAV per share
- $49.17
- 52W range
The ETF.net MUSE Grade
Score 29 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 25Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 8Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 32Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 19Category rank
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
- 275
- 12%
- 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.
Returns run to the Sep 22, 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 | +3.1% |
| 1 month | +0.0% |
| 3 months | +0.4% |
| 1 year | +4.3% |
| 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 | +3.1% | |
| 2025 | +8.3% | |
| 2024 | +0.3% |
MUSE in the news
ETF.net Research hasn’t filed on MUSE yet — coverage lands here as it’s written.
MUSE Dividends
- 7.91%
- $3.89
- $0.33 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 3, 2026 | $0.33 |
| Aug 3, 2026 | Aug 5, 2026 | $0.33 |
| Jul 1, 2026 | Jul 6, 2026 | $0.30 |
| Jun 1, 2026 | Jun 3, 2026 | $0.30 |
| May 1, 2026 | May 5, 2026 | $0.30 |
| Apr 1, 2026 | Apr 6, 2026 | $0.30 |
| Mar 2, 2026 | Mar 4, 2026 | $0.30 |
| Feb 2, 2026 | Feb 4, 2026 | $0.30 |
| Dec 30, 2025 | Jan 2, 2026 | $0.09 |
| Dec 17, 2025 | Dec 19, 2025 | $0.34 |
| Dec 1, 2025 | Dec 3, 2025 | $0.34 |
| Nov 3, 2025 | Nov 5, 2025 | $0.34 |
MUSE Risk
- 2.9%
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.
- 0.78
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.
- 0.20
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
- The middle half of US High Yield funds
- Median 0.43%
63 of the 84 US High Yield funds charge less.