- What does MUSE invest in?
- The MUSE ETF is an actively managed fund that strategically invests in a broad array of high-yield fixed income instruments, without restriction on their maturity. It offers exposure across diverse fixed income categories, including bank loans, international securities denominated in various currencies, US government and corporate debt, and Treasury Inflation-Protected Securities (TIPS). Up to 20% of its assets may be channeled into securitized products such as residential and commercial mortgage-backed securities, asset-backed securities (ABS), and collateralized loan obligations (CLOs). Furthermore, investments may extend to emerging market debt and bonds facing financial distress. The portfolio construction relies on thorough, independent, bottom-up analysis to pinpoint undervalued securities possessing an attractive risk-adjusted return potential. Due to its active management style, the fund might undertake frequent trading activities, which could lead to higher transaction expenses. Derivatives may also be employed for purposes such as hedging market risks, overall risk management, and enhancing income generation.
- What is the expense ratio of MUSE?
- TCW Multisector Credit Income ETF (MUSE) charges an expense ratio of 0.56%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MUSE's dividend yield?
- MUSE's trailing-twelve-month yield is 7.10%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MUSE?
- Effective duration measures MUSE's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MUSE's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MUSE?
- MUSE's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MUSE?
- Yield to maturity (YTM) is the total return you'd earn from MUSE if every bond in the portfolio is held to maturity at the current price. MUSE's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
