MUSE — TCW Multisector Credit Income ETF
Data updated: 2026-09-28
MUSE — TCW Multisector Credit Income ETF. Intermediate Corporate Bond · $38.65M AUM · 0.56% expense ratio. Holdings, fees, performance and SEC filings.
MUSE Fund Overview
MUSE — TCW Multisector Credit Income ETF is a US ETF managed by TCW ETF Trust, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: TCW ETF Trust
- Category: Intermediate Corporate Bond
- Assets under management: $38.65M
- 1-year return: 5.6%
- Ticker: MUSE
- SEC CIK: 0001831313
- SEC series ID: S000085548
- Share class ID: C000250841
MUSE Investment Objective and Strategy
TCW Multisector Credit Income ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by TCW ETF Trust.
Investment objective
Investment Objective: The Fund seeks long-term income.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). The Fund will invest, under normal circumstances, at least 80% of the value of its net assets, plus the amount of any borrowings for investment purposes, in a multisector portfolio of fixed income securities and instruments, in accordance with Rule 35d-1 under the Investment Company Act of 1940, as amended (the 1940 Act). If the Fund changes this investment policy, it will notify shareholders in writing at least 60 days in advance of the change. The Fund will generally allocate its assets among several fixed income sectors, including high yield securities; bank loans; and foreign securities, principally emerging market securities. The Fund is not required to gain exposure to any particular investment sector and sector exposures are expected to vary over time.
The Fund will invest in securities rated below investment grade (commonly known as junk bonds) by Moodys Investors Service, Inc. (Moodys), S&P Global Ratings (S&P) or Fitch Ratings, Inc. (Fitch) ( i.e. , debt securities rated below Baa3 by Moodys, BBB- by S&P or BBB- by Fitch, or A-2 by S&P, P-2 by Moodys or F-2 by Fitch for short-term debt obligations), and unrated securities determined by the Adviser to be of comparable quality. The Fund may also invest in distressed securities, which are securities that are in default and are not expected to pay the current coupon. The Fund may invest in foreign securities, including the securities of foreign governments and companies located or doing business in emerging market countries, which may be denominated in any currency. The Fund may invest in fixed income securities of any type, credit quality or maturity, and there is no limit on the weighted average maturity of the Funds portfolio.
Maturity refers to the date when a bonds principal is repaid with interest. The Fund does not have a duration target. However, under normal circumstances, the average portfolio duration varies from zero to eight years. Duration is a measure that is used to determine the price sensitivity of a fixed income security to changes in interest rates. The Fund may also invest in securities issued or guaranteed by the U.S. government or its agencies, instrumentalities or U.S. government-sponsored entities; Treasury Inflation Protected Securities (TIPS); U.S. corporate bonds; fixed income securities issued by non-U.S. corporations and governments; covenant lite loans; municipal bonds; Rule 144A securities; and other debt securities bearing fixed, floating or variable interest rates of any maturity. The Fund may also invest in money market funds and other cash equivalents, preferred stock and common stock.
The Fund may invest up to 20% of its net assets in securitized investment products, including asset-backed securities, residential and commercial mortgage-backed securities and collateralized loan obligations (CLOs). The Fund may invest in mortgage-backed securities issued or guaranteed by the U.S. government, its agencies or instrumentalities (such as Ginnie Mae), and U.S. government-sponsored entities (such as Fannie Mae and Freddie Mac). Government agency or instrumentality securities have different levels of credit support. The Fund may invest in such government supported mortgage-backed securities by investing in to-be-announced transactions. The Fund may invest in the following non-agency, non-government-sponsored entity securities and privately-issued mortgage-related and other asset-backed securities: residential mortgage- backed securities, commercial mortgage-backed securities, asset-backed securities and CLOs.
The Adviser employs a flexible approach that allocates the Funds investments across a range of global investment opportunities. The Adviser will seek to utilize independent, bottom-up research to identify securities that are undervalued and that offer a superior risk/return profile. The Fund may engage in active and frequent trading of portfolio securities to achieve its objective. The Fund may use derivatives for hedging purposes, for risk management or to increase income or gains for the Fund. The types of derivative instruments in which the Fund will principally invest are options, futures and swap agreements, as well as interest rate or foreign currency derivatives, including swaps and forward contracts.
MUSE Holdings
Top 10 holdings of TCW Multisector Credit Income ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| TCW Central Cash Fund | 3.26% |
| Romania Government International Bonds | 1.12% |
| Ecopetrol SA | 1.06% |
| Samarco Mineracao SA | 1.03% |
| Abu Dhabi Govt Int'l | 1.02% |
| Angola Government International Bonds | 0.98% |
| Delivery Hero SE | 0.90% |
| Avolon TLB Borrower 1 (US) LLC | 0.89% |
| Republic Of Nigeria | 0.85% |
| Saudi Government International Bonds | 0.82% |
MUSE Portfolio Allocation
Asset-class allocation of TCW Multisector Credit Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 64.8% |
| Loans | 30.3% |
| Equity | 3.4% |
| Securitized | 1.9% |
| Cash & Equivalents | 0.3% |
MUSE Performance
Total returns for MUSE (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.5% |
| 1 year | 5.6% |
MUSE Risk Information
Risk metrics for MUSE, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.9%
MUSE Costs and Fees
MUSE costs about $56 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.56%
- Gross expense ratio: 0.56%
- Portfolio turnover: 75%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
MUSE Cashflows
Over the 12 months to 2026-07, TCW Multisector Credit Income ETF had net outflows of $11.09M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $0 |
| 2026-06 | −$499.04K |
| 2026-05 | $0 |
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $0 |
MUSE Debt Constituents
Largest debt holdings of TCW Multisector Credit Income ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Romania Government International Bonds | 1.12% |
| Ecopetrol SA | 1.06% |
| Samarco Mineracao SA | 1.03% |
| Abu Dhabi Govt Int'l | 1.02% |
| Angola Government International Bonds | 0.98% |
| Republic Of Nigeria | 0.85% |
| Saudi Government International Bonds | 0.82% |
| Yinson Boronia Productio | 0.82% |
| Istanbul Metropolitan Mu | 0.82% |
| Yondr Jk 1 LLC | 0.78% |
MUSE Prospectus and SEC Filings
Official TCW Multisector Credit Income ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-06
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.