# EDGAR Filing Document

**Accession Number:** 0001831313
**File Stem:** 0001003715-26-000811
**Filing Date:** 2026-3
**Character Count:** 19615
**Document Hash:** ab9dfc190fafdd04cd641ac852c086e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001003715-26-000811.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0001003715-26-000811

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TCW ETF Trust
- **CENTRAL INDEX KEY:** 0001831313

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23617
- **FILM NUMBER:** 26781950

**BUSINESS ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 213-244-0000

**MAIL ADDRESS:**
- **STREET 1:** 515 SOUTH FLOWER ST
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Engine No. 1 ETF Trust
- **DATE OF NAME CHANGE:** 20210211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Deer Lane ETF Trust
- **DATE OF NAME CHANGE:** 20201104

## Series and Classes Contracts Data

### TCW Transform Systems ETF (Series ID: S000072458)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000228741 | TCW Transform Systems ETF | NETZ            |

## Nport-Ex

---

| | |
|:---|:---|
| **Schedule of Investments**<br> **TCW Transform Systems ETF**<br> **January 31, 2026 (Unaudited)** | ![](ttse_001.jpg) |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS - 99.7%** |  |  |
| **Aerospace & Defense - 22.4%** |  |  |
| Airbus SE | 244751 | $56108356 |
| General Electric Co. | 314320 | 96430232 |
| Safran S.A. | 231715 | 82673675 |
|  |  | 235212263 |
| **Automobiles - 2.0%** |  |  |
| Tesla, Inc.\* | 49819 | 21442596 |
| **Building Products - 3.5%** |  |  |
| Trane Technologies plc | 88272 | 37125438 |
| **Commercial Services & Supplies - 1.7%** |  |  |
| Republic Services, Inc., Class A | 83074 | 17868387 |
| **Communications Equipment - 3.3%** |  |  |
| Arista Networks, Inc.\* | 248383 | 35205806 |
| **Construction Materials - 2.4%** |  |  |
| Martin Marietta Materials, Inc. | 38372 | 25016625 |
| **Electric Utilities - 0.6%** |  |  |
| Constellation Energy Corp. | 24086 | 6760458 |
| **Electrical Equipment - 20.6%** |  |  |
| Bloom Energy Corp., Class A\* | 120510 | 18241599 |
| Eaton Corp. plc | 59306 | 20841315 |
| GE Vernova, Inc. | 47019 | 34153191 |
| Powell Industries, Inc. | 54915 | 24359745 |
| Schneider Electric SE | 112496 | 32310010 |
| Siemens Energy AG\* | 192982 | 33065987 |
| Vertiv Holdings Co., Class A | 295784 | 55069065 |
|  |  | 218040912 |
| **Electronic Equipment, Instruments & Components - 3.8%** |  |  |
| Mirion Technologies, Inc., Class A\* | 1619934 | 40239161 |
| **Ground Transportation - 2.2%** |  |  |
| Union Pacific Corp. | 97102 | 22828680 |
| **Independent Power & Renewable Electricity Producers - 6.4%** |  |  |
| Talen Energy Corp.\* | 95582 | 33296946 |
| Vistra Corp. | 217536 | 34446825 |
|  |  | 67743771 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **Machinery - 4.2%** |  |  |
| Caterpillar, Inc. | 16498 | $10845125 |
| Sandvik AB | 857128 | 33842483 |
|  |  | 44687608 |
| **Oil, Gas & Consumable Fuels - 5.4%** |  |  |
| Cameco Corp. | 310626 | 38328142 |
| Exxon Mobil Corp. | 130749 | 18487909 |
|  |  | 56816051 |
| **Semiconductors & Semiconductor Equipment - 17.4%** |  |  |
| Applied Materials, Inc. | 95187 | 30680674 |
| Broadcom, Inc. | 150070 | 49718192 |
| First Solar, Inc.\* | 91900 | 20725288 |
| KLA Corp. | 27113 | 38715737 |
| Qnity Electronics, Inc. | 273163 | 26272817 |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 54583 | 18042956 |
|  |  | 184155664 |
| **Software - 3.8%** |  |  |
| Microsoft Corp. | 93740 | 40335385 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $864,027,636) |  | **1053478805** |
|  | **Principal** |  |
| **Short-Term Investments - 1.5%** |  |  |
| **Time Deposit - 1.5%** |  |  |
| JP Morgan Chase, New York 2.98% 2/2/2026 |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $15,733,098) | $15733098 | 15733098 |
| **Total Investments - 101.2%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $879,760,734) |  | $**1069211903** |
| Liabilities in Excess of Other Assets - (1.2)% |  | (12276416) |
| **Net Assets - 100.0%** |  | $**1056935487** |

---

\* Non-income producing security.

---

| | |
|:---|:---|
| **Schedule of Investments (Continued)**<br> **TCW Transform Systems ETF**<br> **January 31, 2026 (Unaudited)** | ![](ttse_001.jpg) |

---

**Fair Value Measurement**

The Fund discloses the fair market value of its investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund (observable inputs) and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs).

The three levels defined by the hierarchy are as follows:

● **Level 1** — Quoted prices in active markets for identical assets that the Fund has the ability to access.

● **Level 2** — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

● **Level 3** — Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the fair valuations according to the inputs used as of January 31, 2026 in valuing the Fund's investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Investments** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks\* | $1053478805 | $– | $– | $1053478805 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Time Deposit | 15733098 | – | $– | 15733098 |
| **Total Investments** | $**1069211903** | $**–** | $**–** | $**1069211903** |

---

\* Please refer to the Schedule of Investments to view securities segregated by industry.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** TCW ETF Trust

- **b. Investment Company Act file number:** 811-23617

- **c. CIK number of Registrant:** 0001831313

- **d. LEI of Registrant:** 549300NV06RWMAEJ2V61

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 515 South Flower Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-244-0000

**Item A.2. Information about the Series.**

- **a. Name of Series:** TCW Transform Systems ETF

- **b. EDGAR series identifier (if any):** S000072458

- **c. LEI of Series:** 5493003PS37XTBOZF328

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1067178804.27

**Total Liabilities:** $17193952.95

**Net Assets:** $1049984851.32

**Cash Not Reported:** $15138682.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228741 | -3.24%               | -2.85%               | 3.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2960338.60             | $-24076272.14                              |
| Month 2  | $-0.01                   | $-26753587.57                              |
| Month 3  | $-7272806.73             | $43693030.62                               |

### Schedule of Portfolio Investments

| Name                        | Title                                                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MIRION TECHNOLOGIES INC     | MIRION TECHNOLOGIES INC 0.00000000                                   | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |   1609245 | NS      | $39973645.80  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP              | MICROSOFT CORP 0.00000000                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     93124 | NS      | $40070325.96  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY        | CONSTELLATION ENERGY 0.00000000                                      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     23925 | NS      | $6715269.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG /EUR/     | SIEMENS ENERGY AG /EUR/ 0.00000000                                   | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    191708 | NS      | $32847697.27  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA /EUR/             | SAFRAN SA /EUR/ 0.00000000                                           | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |    230189 | NS      | $82129212.56  | 7.82%             |  |  |  | No            |                  1 | On Loan: No      |
| QNITY ELECTRONICS INC       | QNITY ELECTRONICS INC 0.00000000                                     | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |    271364 | NS      | $26099789.52  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC              | EATON CORP PLC 0.00000000                                            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     58914 | NS      | $20703557.88  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP          | UNION PACIFIC CORP 0.00000000                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     96458 | NS      | $22677275.80  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP           | TALEN ENERGY CORP 0.00000000                                         | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94952 | NS      | $33077478.72  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                   | TESLA INC 0.00000000                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     49490 | NS      | $21300990.90  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA /EUR/     | SCHNEIDER ELEC SA /EUR/ 0.00000000                                   | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    111754 | NS      | $32096899.91  | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC      | TRANE TECHNOLOGIES PLC 0.00000000                                    | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     87691 | NS      | $36881080.78  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDVIK AB /SEK/            | SANDVIK AB /SEK/ 0.00000000                                          | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |    851472 | NS      | $33619163.90  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC             | CATERPILLAR INC 0.00000000                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     16386 | NS      | $10771500.96  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR | TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     54226 | NS      | $17924946.56  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP            | EXXON MOBIL CORP 0.00000000                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    129888 | NS      | $18366163.20  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORP- A        | BLOOM ENERGY CORP- A 0.00000000                                      | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    119712 | NS      | $18120805.44  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS   | MARTIN MARIETTA MATERIALS 0.00000000                                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     38120 | NS      | $24852334.00  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBUS SE /EUR/             | AIRBUS SE /EUR/ 0.00000000                                           | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    243134 | NS      | $55737663.83  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                    | KLA CORP 0.00000000                                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     23310 | NS      | $33285281.40  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC            | GENERAL ELECTRIC 0.00000000                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    312248 | NS      | $95794563.92  | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO-A        | VERTIV HOLDINGS CO-A 0.00000000                                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    321585 | NS      | $59872695.30  | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC       | APPLIED MATERIALS INC 0.00000000                                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     94557 | NS      | $30477612.24  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC              | GE VERNOVA INC 0.00000000                                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     46711 | NS      | $33929469.07  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC             | FIRST SOLAR INC 0.00000000                                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     91291 | NS      | $20587946.32  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                 | CAMECO CORP 0.00000000                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    308575 | NS      | $38075069.25  | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| POWELL INDUSTRIES INC       | POWELL INDUSTRIES INC 0.00000000                                     | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     54551 | NS      | $24198278.09  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                | BROADCOM INC 0.00000000                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    149083 | NS      | $49391197.90  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                 | VISTRA CORP 0.00000000                                               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    216101 | NS      | $34219593.35  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS INC         | ARISTA NETWORKS INC 0.00000000                                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    246745 | NS      | $34973636.30  | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC       | REPUBLIC SERVICES INC 0.00000000                                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     82528 | NS      | $17750947.52  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** TCW ETF Trust

**Signature:** Richard Villa

**Name of Signer:** Richard Villa

**Title:** Principal Financial Officer