TCW Completes Acquisition of Engine No. 1 ETF Business

October 16, 2023 at 12:00 PM EDT

Acquisition signals continued expansion of the firm’s investment solutions and capabilities

The TCW Group, a leading global asset management firm, today announced the successful completion of its previously announced agreement to acquire the exchange-traded fund (ETF) business and its infrastructure from Engine No. 1.

With the completion of the transaction, TCW has acquired the entirety of Engine No. 1’s Transform ETF platform, which includes the Transform Climate ETF (Ticker: NETZ); Transform Supply Chain ETF (Ticker: SUPP); and the Transform 500 ETF (Ticker: VOTE). Combined, the Transform ETF platform manages more than $600 million in U.S. equity ETFs focused on supply chain onshoring, energy transition and US large-and-mid-cap. The acquisition expands the range of investment products available to TCW’s clients and adds a capability in the tax-advantaged ETF wrapper.

The Transform ETF platform expands TCW’s capabilities by providing the infrastructure and expertise for TCW to build an even larger ETF platform which may include other active core and thematic strategies.

“Integrating Engine No. 1’s Transform ETF platform into TCW is an important part of our efforts to enhance our capabilities and provide a greater range of investment vehicles for the benefit of our clients,” said Katie Koch, President and CEO of TCW. “We are very excited to work with the exceptional people joining us from Engine No. 1 as we work to grow a world-class ETF platform at TCW.”

With the close of the transaction, Jennifer Grancio, formerly Chief Executive Officer of Engine No. 1, has been named TCW’s Global Head of Wealth. In this newly created role, she will oversee global wealth distribution, lead TCW’s ETF business, and direct TCW’s brand and digital marketing strategy.

“As we integrate into TCW, a best-in-class asset manager, we see exceptional opportunity to advance the growth and innovation of the ETF platform, as well as deepen distribution of the entire range of TCW products across wealth channels,” said Grancio. “We are excited to become part of a firm that has such a deep investment legacy and culture, as well as such significant growth potential.”

For more information on TCW’s ETF offering, please visit etf.tcw.com.

This material is for general information purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. TCW, its officers, directors, employees or clients may have positions in securities or investments mentioned in this publication, which positions may change at any time, without notice. While the information and statistical data contained herein are based on sources believed to be reliable, we do not represent that it is accurate and should not be relied on as such or be the basis for an investment decision. The information contained herein may include preliminary information and/or "forward‐looking statements." Due to numerous factors, actual events may differ substantially from those presented. TCW assumes no duty to update any forward‐looking statements or opinions in this document. Any opinions expressed herein are current only as of the time made and are subject to change without notice. Past performance is no guarantee of future results. © 2023 TCW

Before investing you should carefully consider a fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained from etf.tcw.com. Please read the prospectus carefully before you invest. Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

All Funds are advised by TCW Investment Management Company, LLC. Distributed by Foreside Financial Services, LLC.

About The TCW Group

TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments. With half a century of investment experience, TCW today manages approximately $210 billion in client assets. Through the MetWest Funds and TCW Funds families, TCW manages one of the largest mutual fund complexes in the U.S. TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals. For more information, please visit www.tcw.com.