TCW Completes Conversion of Two Mutual Funds to ETFs

The TCW Group, a global asset management firm, announced today that it has completed the conversion of two mutual funds into exchange-traded funds (ETFs) – the TCW Artificial Intelligence ETF (AIFD), previously known as the TCW Artificial Intelligence Equity Fund (Ticker: TGFTX), and the TCW Compounders ETF (GRW), previously known as the TCW New America Premier Equities Fund (Ticker: TGUSX).

The conversion expands TCW’s suite of actively managed ETFs and provides investors with greater access to tax-efficient investment vehicles that capitalize on TCW’s legacy of strong performance. The move underscores TCW’s ongoing commitment to bolstering its ETF platform since the firm’s acquisition of Engine No. 1’s Transform ETF platform in October 2023.

“This signifies TCW’s continued growth trajectory in ETFs as we develop new and compelling investment solutions that meet the evolving needs of our clients,” said Katie Koch, President and CEO of TCW. “As we continue to innovate, we remain focused on cross-sector, long term megatrends, such as AI, and their transformative impact. We will continue to pursue accessible, efficient products poised to capture ongoing and emerging opportunities in the market.”

The TCW Artificial Intelligence ETF (AIFD) is an actively managed fund that aims to invest in companies across sectors that are leading the development and commercialization of artificial intelligence technology. AIFD focuses on companies building core technology, artificial intelligence systems, and those already adopting the technology. The Fund’s investment objective is long-term growth of capital.

The TCW Compounders ETF (GRW) is an actively managed fund that aims to invest in industry leading companies with predictable business models and compounding free cash flows. GRW invests in durable companies that have significant recurring revenue, sell important and difficult-to-replicate products or services, and have management teams with a strong track record of quality leadership. The Fund’s investment objective is long-term growth of capital.

“Our ETFs are designed to unlock value for investors by providing access to the companies we believe are best positioned to deliver sustained returns over the long-term,” said Jennifer Grancio, Global Head of Distribution at TCW. “We offer concentrated active portfolios focused on the highest-conviction ideas. These strategies are designed to give broad exposure to the companies best positioned for alpha generation for many years as massive trends unfold.”