TCW Transform Supply Chain ETF

TCW Transform Supply Chain ETF (SUPP) is an actively managed fund of 20 to 40 stocks that its managers believe gain from moving factories closer to home, automation or better transportation. Its largest holdings are Taiwan Semiconductor, NVIDIA and Carpenter Technology. It charges 0.75% a year, above the 0.48% average for funds with similar holdings, and with about $11.9 million in assets as of July 31, 2026, it is the smallest in that group.

• Over the year to Oct 27, 2026, SUPP returned +3.0%, 8th of 9 among similar funds.
• Its worst full calendar year was 2024 (+10.9%); its best was 2025 (+11.7%).
• The deepest fall in its price history was 25% (Dec 4, 2024 to Apr 8, 2025), recovered by Jul 17, 2025.

As of Jul 31, 2026, the fund held 27 securities; the ten largest made up 60% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $6K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.63%, +7.05%, -10.44%.

SUPP does not track an index. TCW's managers pick 20 to 40 stocks of companies they believe gain from reshaping supply chains, the networks that make and deliver products. That can mean moving factory jobs closer to home, automating operations or improving transportation, in industries from semiconductors to waste management. Picks typically come from the Morningstar US Market Extended TR USD Index, a broad index of US large, mid and small companies, but the managers can also invest in foreign stocks and American depositary receipts (US-traded shares of foreign firms).

The managers study earnings calls, interview executives, visit plants and model company finances. They also weigh supply-chain sustainability, such as plans to add North American factory jobs, carbon-cutting targets and efforts to diversify suppliers, plus how well a business handles shifts in trade and geopolitics. They decide position sizes and when to trade. The prospectus filed February 27, 2026 reports portfolio turnover of 58%, meaning it replaced more than half the portfolio's value in a year.

The fund is non-diversified, so it can hold bigger stakes in fewer companies. As of July 31, 2026, it owned 27 stocks, with 60% in the top 10 and about 67% in US-based companies. It may use currency forwards or futures to manage foreign-currency risk, but that report showed none.

• SUPP charges 0.75% a year, versus an average of 0.48% for the similar funds below (8th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $77 in the first year and $967 over 10 years (assuming a 5% annual return).

With 27 stocks as of July 31, 2026, no income and bigger swings than the market, SUPP fits as a small add-on next to broader core holdings rather than as the base of a portfolio.

Launched in February 2023, SUPP has no record through the 2008, 2020 or 2022 downturns. Its two full calendar years were gains of 10.97% (2024) and 11.78% (2025), but the S&P 500 returned 17.88% in 2025. Between December 4, 2024 and April 8, 2025, SUPP fell 25%, recovering by July 17, 2025. Its 1.59 beta over the year to October 27, 2026 means it swung more than the market. Anyone needing to raise cash during such a slide could lock in losses.

SUPP paid no distributions in the year to October 27, 2026, so it adds no income. Its 0.75% annual fee (expense ratio) tops the 0.48% average for similar funds; in the SEC's standard $10,000 example, costs total $77 after one year and $967 after 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.