DRS

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
FIXED INCOME SECURITIES — 99.4% of Net Assets
ASSET-BACKED SECURITIES — 99.4%
522 Funding CLO Ltd. Series 2017-1AR, Class AR2
4.78% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	10/20/34	$ 2,000,000	$	2,000,954
522 Funding CLO Ltd. Series 2017-1AR, Class BR2
3.73% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	10/20/34	1,000,000		1,000,919
522 Funding CLO Ltd. Series 2019-5A, Class AR2
4.77% (3 mo. USD Term SOFR + 1.020%)^(1),(2)	04/15/35	1,516,392		1,517,920
Adagio IV CLO Ltd. Series IV-A, Class BRRR
4.48% (3 mo. EUR EURIBOR + 2.050%)^(1),(2)	07/15/38	EUR 1,100,000		1,275,913
AGL CLO 13 Ltd. Series 2021-13A, Class A1R
4.83% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	10/20/34	2,300,000		2,301,143
AGL CLO 16 Ltd. Series 2021-16A, Class BR
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	01/20/35	230,000		229,831
AGL CLO 17 Ltd. Series 2022-17A, Class BR
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	01/21/35	450,000		450,559
AGL CLO 22 Ltd. Series 2022-22A, Class A1R
4.92% (3 mo. USD Term SOFR + 1.190%)^(1),(2)	01/20/37	1,600,000		1,602,416
AGL CLO 43 Ltd. Series 2025-43A, Class A2
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	09/10/38	500,000		500,515
AGL CLO 44 Ltd. Series 2025-44A, Class A
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/22/37	2,450,000		2,447,827
AGL Core CLO 4 Ltd. Series 2020-4A, Class AR2
5.11% (3 mo. USD Term SOFR + 1.380%)^(1),(2)	10/20/37	250,000		250,448
AIMCO CLO 11 Ltd. Series 2020-11A, Class A2R2
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	07/17/37	850,000		851,614
AIMCO CLO 17 Ltd. Series 2022-17A, Class A1R
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	07/20/37	523,000		524,086
Aimco CLO Ltd. Series 2024-19A, Class A
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/20/37	337,000		337,939
Alinea CLO Ltd. Series 2018-1A, Class CR
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	07/20/31	248,240		248,464
Allegany Park CLO Ltd. Series 2019-1A, Class ARR
4.83% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	01/20/35	1,000,000		1,001,274


Issues	Maturity Date	Principal Amount	Value
Allegro CLO VIII-S Ltd. Series 2024-3A, Class A
5.14% (3 mo. USD Term SOFR + 1.390%)^(1),(2)	10/15/37	$ 2,000,000	$	2,003,758
Allegro CLO XII Ltd. Series 2020-1A, Class A1R
5.17% (3 mo. USD Term SOFR + 1.440%)^(1),(2)	07/21/37	2,000,000		2,003,888
Allegro CLO XII Ltd. Series 2020-1AR, Class A2R2
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	07/21/37	2,000,000		2,000,510
Allegro CLO XIII Ltd. Series 2021-1A, Class A1R
5.07% (3 mo. USD Term SOFR + 1.340%)^(1),(2)	07/20/38	1,000,000		1,001,784
AMMC CLO 24 Ltd. Series 2021-24A, Class AR
4.93% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	01/20/35	3,405,000		3,406,600
AMMC CLO 27 Ltd. Series 2022-27A, Class A1R
4.81% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	01/20/37	3,160,000		3,161,040
AMMC CLO 27 Ltd. Series 2022-27A, Class A2R
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	01/20/37	5,600,000		5,593,554
AMMC CLO 31 Ltd. Series 2025-31A, Class A1
5.04% (3 mo. USD Term SOFR + 1.310%)^(1),(2)	02/20/38	2,000,000		2,002,370
Anchorage Capital CLO 20 Ltd. Series 2021-20A, Class A1R
4.83% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	01/20/35	500,000		500,188
Apidos CLO XIIX Ltd. Series 2024-49A, Class A2
5.28% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	10/24/37	400,000		400,810
Apidos CLO XLVI Ltd. Series 2023-46A, Class A2R
5.18% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	10/24/38	2,350,000		2,350,895
Apidos CLO XXXII Ltd. Series 2019-32A, Class A1R
4.83% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	01/20/33	1,054,758		1,056,930
Aqueduct European CLO Series 2025-15A, Class BR3
4.47% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	01/25/39	EUR 750,000		869,415
Aqueduct European CLO 10 DAC Series 2024-10A, Class B
4.49% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	01/18/39	EUR 1,000,000		1,157,317
Aqueduct European CLO 8 DAC Series 2024-8A, Class BR
4.43% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	01/15/39	EUR 1,100,000		1,274,928
Arbour CLO IV DAC Series 4A, Class BRRR
4.28% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	11/15/39	EUR 1,100,000		1,275,124

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Arbour CLO V DAC Series 5A, Class BR
4.40% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	06/15/38	EUR 850,000	$	985,395
ARES LI CLO Ltd. Series 2019-51A, Class A1R2
5.11% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/15/37	660,000		661,362
ARES LIII CLO Ltd. Series 2019-53A, Class A1R2
4.87% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	10/24/36	1,000,000		999,530
ARES LXII CLO Ltd. Series 2021-62A, Class BR
5.31% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/25/34	1,250,000		1,250,859
ARES LXV CLO Ltd. Series 2022-65A, Class A1R
4.93% (3 mo. USD Term SOFR + 1.120%)^(1),(2)	07/25/34	3,250,000		3,252,213
ARES XLIV CLO Ltd. Series 2017-44A, Class A2RR
5.10% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	04/15/34	2,000,000		2,003,024
ARES XXVII CLO Ltd. Series 2013-2A, Class AR3
4.99% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/28/34	2,350,000		2,352,547
ARES XXVII CLO Ltd. Series 2013-2A, Class BR3
5.49% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	10/28/34	320,000		320,505
Bain Capital Credit CLO Ltd. Series 2019-2A, Class BR3
5.20% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	10/17/32	2,750,000		2,755,145
Bain Capital Credit CLO Ltd. Series 2019-3A, Class ARR
4.76% (3 mo. USD Term SOFR + 1.030%)^(1),(2)	10/21/34	500,000		500,403
Bain Capital Credit CLO Ltd. Series 2020-2A, Class AR3
4.71% (3 mo. USD Term SOFR + 0.980%)^(1),(2)	07/19/34	4,000,000		4,001,264
Bain Capital Credit CLO Ltd. Series 2020-5A, Class ARR
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/20/34	3,442,653		3,444,081
Bain Capital Credit CLO Ltd. Series 2021-3A, Class AR
4.84% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	07/24/34	1,250,000		1,251,051
Bain Capital Credit CLO Ltd. Series 2021-3A, Class BR
5.33% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	07/24/34	1,500,000		1,502,976
Bain Capital Credit CLO Ltd. Series 2021-4A, Class A1RR
4.73% (3 mo. USD Term SOFR + 1.000%)^(1),(2)	10/20/34	4,000,000		4,001,316
Bain Capital Credit CLO Ltd. Series 2021-6A, Class A1R
4.82% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	10/21/34	1,700,000		1,700,966


Issues	Maturity Date	Principal Amount	Value
Bain Capital Credit CLO Ltd. Series 2021-7A, Class BR
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/22/35	$ 633,790	$	634,975
Bain Capital Credit CLO Ltd. Series 2022-2A, Class A1R
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/22/35	950,000		951,133
Bain Capital Credit CLO Ltd. Series 2022-3A, Class A1R
4.91% (3 mo. USD Term SOFR + 1.160%)^(1),(2)	07/17/35	750,000		750,277
Bain Capital Credit CLO Ltd. Series 2022-3A, Class BR
5.38% (3 mo. USD Term SOFR + 1.630%)^(1),(2)	07/17/35	780,000		780,746
Bain Capital Credit CLO Ltd. Series 2022-4A, Class A1R
5.17% (3 mo. USD Term SOFR + 1.380%)^(1),(2)	10/16/37	2,000,000		2,002,486
Bain Capital Credit CLO Ltd. Series 2023-2A, Class A2R
5.28% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	07/18/38	900,000		900,999
Ballyrock CLO 20 Ltd. Series 2022-20A, Class A1A3
4.80% (-3 mo. USD Term SOFR + 1.050%)^(1),(2)	10/15/36	3,000,000		3,003,375
Barings CLO Ltd. Series 2019-3A, Class A1RR
4.87% (3 mo. USD Term SOFR + 1.140%)^(1),(2)	01/20/36	1,000,000		1,001,369
Barings CLO Ltd. Series 2021-3A, Class AR
4.86% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	01/18/35	1,750,000		1,751,470
Barings CLO Ltd. Series 2021-3A, Class B1R
5.36% (3 mo. USD Term SOFR + 1.630%)^(1),(2)	01/18/35	1,750,000		1,752,392
Barings CLO Ltd. Series 2022-2A, Class A1R
5.12% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	07/15/39	675,000		675,048
Barings CLO Ltd. Series 2024-2A, Class A1
5.18% (3 mo. USD Term SOFR + 1.430%)^(1),(2)	07/15/39	250,000		250,091
Barings CLO Ltd. Series 2025-2A, Class A1
5.11% (3 mo. USD Term SOFR + 1.380%)^(1),(2)	07/20/38	750,000		751,989
Barings Loan Partners CLO Ltd. 5 Series LP-5A, Class A
4.95% (3 mo. USD Term SOFR + 1.220%)^(1),(2)	01/20/35	4,133,549		4,137,054
Battery Park CLO Ltd. Series 2019-1A, Class AR
5.15% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	07/15/36	100,000		100,064
BBAM U.S. CLO III Ltd. Series 2023-3A, Class A1R
4.92% (3 mo. USD Term SOFR + 1.170%)^(1),(2)	10/15/38	2,500,000		2,500,332

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Beechwood Park CLO Ltd. Series 2019-1A, Class A1RR
4.82% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	01/17/35	$ 1,500,000	$	1,501,392
Benefit Street Partners CLO 43 Ltd. Series 2025-43A, Class B
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/20/38	750,000		753,624
Benefit Street Partners CLO XX Ltd. Series 2020-20A, Class ARR
5.04% (3 mo. USD Term SOFR + 1.290%)^(1),(2)	07/15/37	2,000,000		2,006,342
Benefit Street Partners CLO XXII Ltd. Series 2020-22A, Class ARR
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/20/35	1,380,000		1,380,333
Benefit Street Partners CLO XXV Ltd. Series 2021-25A, Class A2R
4.95% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	01/15/35	1,600,000		1,595,928
Benefit Street Partners CLO XXXVI Ltd. Series 2024-36A, Class A1
5.17% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	01/25/38	1,500,000		1,502,434
Birch Grove CLO 13 Ltd. Series 2025-13A, Class A2
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	10/23/38	2,500,000		2,501,585
BlueMountain CLO Ltd. Series 2015-4A, Class CR2
5.03% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	04/20/30	1,000,000		999,701
BlueMountain CLO XXII Ltd. Series 2018-22A, Class A1
5.09% (3 mo. USD Term SOFR + 1.342%)^(1),(2)	07/15/31	20,075		20,092
BlueMountain CLO XXX Ltd. Series 2020-30A, Class AR2
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/15/35	4,230,000		4,234,657
BlueMountain CLO XXXI Ltd. Series 2021-31A, Class A2R
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	04/19/34	1,200,000		1,201,970
BlueMountain CLO XXXII Ltd. Series 2021-32A, Class AR
4.85% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	10/15/34	3,300,000		3,301,815
BlueMountain CLO XXXII Ltd. Series 2021-32A, Class BR
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	10/15/34	1,500,000		1,501,467
Boyce Park CLO Ltd. Series 2022-1A, Class A2R
4.98% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	04/21/35	4,000,000		3,994,640
Boyce Park CLO Ltd. Series 2022-1A, Class B1
5.48% (3 mo. USD Term SOFR + 1.750%)^(1),(2)	04/21/35	750,000		752,717


Issues	Maturity Date	Principal Amount	Value
Buckhorn Park CLO Ltd. Series 2019-1A, Class ARR
4.80% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	07/18/34	$ 3,700,000	$	3,700,651
Canyon Capital CLO Ltd. Series 2017-1AR, Class BR2
5.29% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	07/15/34	500,000		500,459
Canyon Capital CLO Ltd. Series 2021-1A, Class AR
4.80% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	04/15/34	997,696		998,886
Canyon Capital CLO Ltd. Series 2021-1A, Class BR
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	04/15/34	500,000		500,396
Canyon CLO Ltd. Series 2018-1AR, Class BR1
5.29% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	10/15/34	500,000		500,456
Canyon CLO Ltd. Series 2020-1A, Class AR2
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	07/15/34	300,000		300,382
Canyon CLO Ltd. Series 2020-2A, Class BR2
5.28% (3 mo. USD Term SOFR + 1.530%)^(1),(2)	10/15/34	1,000,000		1,002,081
Canyon CLO Ltd. Series 2021-4A, Class BR
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/15/34	250,000		250,130
Canyon CLO Ltd. Series 2025-2A, Class A1N
5.08% (3 mo. USD Term SOFR + 1.330%)^(1),(2)	10/15/37	872,000		873,458
Cayuga Park CLO Ltd. Series 2020-1A, Class AR2
4.95% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	10/17/38	1,000,000		999,550
Cedar Funding IX CLO Ltd. Series 2018-9A, Class AR
5.15% (3 mo. USD Term SOFR + 1.420%)^(1),(2)	07/20/37	500,000		500,025
Cedar Funding VI CLO Ltd. Series 2016-6A, Class AR3
4.82% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	04/20/34	1,100,000		1,101,459
Cedar Funding XI CLO Ltd. Series 2019-11A, Class A2R2
4.97% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	05/29/32	1,200,000		1,199,078
Cedar Funding XII CLO Ltd. Series 2020-12A, Class ARR
5.01% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	01/25/38	3,500,000		3,500,196
Cedar Funding XIV CLO Ltd. Series 2021-14A, Class AR
5.13% (3 mo. USD Term SOFR + 1.380%)^(1),(2)	10/15/37	850,000		851,662
Cedar Funding XVII CLO Ltd. Series 2023-17A, Class AR
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	07/20/38	836,000		839,090

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
CIFC Funding Ltd. Series 2014-4RA, Class A1A2
4.74% (3 mo. USD Term SOFR + 0.990%)^(1),(2)	01/17/35	$ 1,333,000	$	1,334,361
CIFC Funding Ltd. Series 2014-4RA, Class A1B2
4.95% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	01/17/35	4,000,000		3,998,876
CIFC Funding Ltd. Series 2019-1A, Class A1R2
5.09% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/20/37	425,000		425,528
CIFC Funding Ltd. Series 2019-5A, Class A1R2
5.02% (3 mo. USD Term SOFR + 1.270%)^(1),(2)	10/15/38	1,500,000		1,502,602
CIFC Funding Ltd. Series 2021-1A, Class A1R
5.23% (3 mo. USD Term SOFR + 1.420%)^(1),(2)	07/25/37	1,400,000		1,400,815
CIFC Funding Ltd. Series 2021-7A, Class AR
4.84% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	01/23/35	1,000,000		1,000,432
CIFC Funding Ltd. Series 2022-2A, Class BR
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	04/19/35	1,000,000		999,999
Clover CLO LLC Series 2021-3A, Class AR
4.88% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	01/25/35	2,500,000		2,502,310
Clover CLO LLC Series 2021-3A, Class BR
5.26% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	01/25/35	740,499		741,123
Contego CLO IV DAC Series 4A, Class B1RR
4.53% (3 mo. EUR EURIBOR + 2.050%)^(1),(2)	10/23/39	EUR 1,100,000		1,279,428
Danby Park CLO Ltd. Series 2022-1A, Class AR
5.09% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/21/37	400,000		400,208
Dryden 104 CLO Ltd. Series 2022-104A, Class A1R
4.93% (3 mo. USD Term SOFR + 1.290%)^(1),(2)	08/20/34	250,000		250,156
Dryden 105 CLO Ltd. Series 2023-105A, Class AR
5.20% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	04/15/38	2,000,000		2,007,982
Dryden 113 CLO Ltd. Series 2022-113A, Class AR3
4.84% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	10/15/37	3,705,000		3,706,356
Dryden 40 Senior Loan Fund Series 2015-40A, Class AR2
4.80% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	08/15/31	888,101		888,949
Dryden 43 Senior Loan Fund Series 2016-43A, Class AR3
4.80% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	04/20/34	3,080,187		3,083,258


Issues	Maturity Date	Principal Amount	Value
Dryden 53 CLO Ltd. Series 2017-53A, Class BR
5.05% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	01/15/31	$ 1,125,000	$	1,126,061
Dryden 55 CLO Ltd. Series 2018-55A, Class A1
5.03% (3 mo. USD Term SOFR + 1.282%)^(1),(2)	04/15/31	100,622		100,745
Dryden 68 CLO Ltd. Series 2019-68A, Class ARR
4.85% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	07/15/35	5,288,000		5,294,954
Dryden 72 CLO Ltd. Series 2019-72A, Class ARR
4.75% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	05/15/32	1,353,239		1,353,802
Dryden 75 CLO Ltd. Series 2019-75A, Class AR3
4.79% (3 mo. USD Term SOFR + 1.040%)^(1),(2)	04/14/34	2,850,055		2,852,318
Dryden 80 CLO Ltd. Series 2019-80A, Class BRR
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/17/33	2,000,000		2,001,138
Dryden 86 CLO Ltd. Series 2020-86A, Class A1R2
4.88% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	07/17/34	250,000		250,356
Dryden 93 CLO Ltd. Series 2021-93A, Class A1R
5.08% (3 mo. USD Term SOFR + 1.330%)^(1),(2)	01/15/38	620,000		621,466
Dryden 94 CLO Ltd. Series 2022-94A, Class AR
5.11% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/15/37	400,000		400,862
Dryden 95 CLO Ltd. Series 2021-95A, Class AR
4.68% (3 mo. USD Term SOFR + 1.040%)^(1),(2)	08/20/34	500,000		500,298
Dryden 95 CLO Ltd. Series 2021-95A, Class BR
5.24% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	08/20/34	4,000,000		4,004,092
Eaton Vance CLO Ltd. Series 2014-1RA, Class CR
4.85% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	07/15/30	1,088,950		1,088,984
Eaton Vance CLO Ltd. Series 2019-1A, Class AR3
5.00% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	07/15/37	1,000,000		1,000,496
Eaton Vance CLO Ltd. Series 2020-2A, Class AR2
5.13% (3 mo. USD Term SOFR + 1.380%)^(1),(2)	10/15/37	1,600,000		1,600,762
Elm Park CLO DAC Series 1A, Class BR3
4.38% (3 mo. EUR EURIBOR + 1.950%)^(1),(2)	01/15/38	EUR 900,000		1,043,584
Elmwood CLO 15 Ltd. Series 2022-2A, Class A1R
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/22/35	3,510,000		3,513,777

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Elmwood CLO 36 Ltd. Series 2024-12RA, Class AR
5.07% (3 mo. USD Term SOFR + 1.340%)^(1),(2)	10/20/37	$ 850,000	$	851,483
Elmwood CLO III Ltd. Series 2019-3A, Class A2RR
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	07/18/37	850,000		850,751
Elmwood CLO IV Ltd. Series 2020-1A, Class ARR
4.98% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	04/18/37	3,000,000		3,010,914
Elmwood CLO VIII Ltd. Series 2021-1A, Class ARR
4.95% (3 mo. USD Term SOFR + 1.220%)^(1),(2)	04/20/37	1,750,000		1,756,230
Elmwood European CLO 1 Series 2026-1A, Class A2
4.18% (3 mo. EUR EURIBOR + 1.550%)^(1),(2)	04/16/40	EUR 2,000,000		2,314,342
Flatiron CLO 25 Ltd. Series 2024-2A, Class A
5.10% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/17/37	850,000		851,577
Flatiron CLO 28 Ltd. Series 2024-1A, Class A1R
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	07/15/36	1,950,000		1,950,045
Galaxy XXII CLO Ltd. Series 2016-22A, Class AR4
4.81% (3 mo. USD Term SOFR + 1.020%)^(1),(2)	04/16/34	830,463		830,986
Garnet CLO 2 Ltd. Series 2025-2A, Class A
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/20/38	4,000,000		4,005,136
GCRED BSL CLO 1 Series 2025-BSL1A, Class B
5.18% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	01/20/34	1,000,000		1,000,998
GoldenTree Loan Management U.S. CLO 15 Ltd. Series 2022-15A, Class AJR
5.16% (3 mo. USD Term SOFR + 1.430%)^(1),(2)	10/20/38	3,000,000		3,008,412
GoldenTree Loan Management U.S. CLO 27 Ltd. Series 2025-27A, Class AJ
5.15% (3 mo. USD Term SOFR + 1.420%)^(1),(2)	01/20/39	1,000,000		1,001,623
GoldenTree Loan Management U.S. CLO 8 Ltd. Series 2020-8A, Class ARR
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/20/34	1,130,000		1,131,226
Golub Capital CLO 88 B Ltd. Series 2026-88A, Class A1
4.93% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	04/17/38	1,000,000		1,000,450
Golub Capital Partners CLO 19B-R3 Ltd. Series 2017-19RA, Class A2R3
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	10/20/36	5,500,000		5,497,618


Issues	Maturity Date	Principal Amount	Value
Golub Capital Partners CLO 41B-R Ltd. Series 2019-41A, Class BR2
5.43% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	07/20/38	$ 1,000,000	$	1,003,267
Golub Capital Partners CLO 50B-R Ltd. Series 2020-50A, Class A1R2
4.84% (3 mo. USD Term SOFR + 1.110%)^(1),(2)	04/20/35	1,300,000		1,299,325
Golub Capital Partners CLO 50B-R Ltd. Series 2020-50A, Class BR2
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	04/20/35	500,000		500,372
Golub Capital Partners CLO 53B Ltd. Series 2021-53A, Class BR
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	07/20/34	2,100,000		2,099,170
Golub Capital Partners CLO 62B Ltd. Series 2022-62A, Class AR
5.12% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/15/37	500,000		500,480
Golub Capital Partners CLO 62B Ltd. Series 2022-62A, Class BR
5.50% (3 mo. USD Term SOFR + 1.750%)^(1),(2)	10/15/37	500,000		500,534
Golub Capital Partners CLO 76 B Ltd. Series 2024-76A, Class B
5.48% (3 mo. USD Term SOFR + 1.670%)^(1),(2)	10/25/37	1,500,000		1,501,471
Golub Capital Partners CLO 77 B Ltd. Series 2024-77A, Class A1
5.06% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	01/25/38	5,000,000		5,002,465
Greenacre Park CLO LLC Series 2021-2A, Class AR
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	07/20/37	250,000		250,327
Hamlin Park CLO Ltd. Series 2024-1A, Class A
5.07% (3 mo. USD Term SOFR + 1.340%)^(1),(2)	10/20/37	1,540,000		1,542,695
Harmony-Peace Park CLO Ltd. Series 2024-1A, Class A
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/20/37	1,250,000		1,251,768
Hartwick Park CLO Ltd. Series 2023-1A, Class AR
4.89% (3 mo. USD Term SOFR + 1.160%)^(1),(2)	01/20/37	3,000,000		3,000,843
Henley CLO XII DAC Series 12X, Class B
4.43% (3 mo. EUR EURIBOR + 2.000%)^(1),(3)	01/15/38	EUR 700,000		809,971
Higley Park CLO Ltd. Series 2025-1A, Class A2
5.30% (3 mo. USD Term SOFR + 1.520%)^(1),(2)	07/24/38	1,000,000		1,001,196

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
HPS Loan Management Ltd. Series 10A-16, Class A1R3
4.85% (3 mo. USD Term SOFR + 1.120%)^(1),(2)	04/20/34	$ 2,331,110	$	2,335,747
HPS Loan Management Ltd. Series 2021-16A, Class A1R
4.86% (3 mo. USD Term SOFR + 1.110%)^(1),(2)	01/23/35	4,135,000		4,137,626
HPS Loan Management Ltd. Series 2021-16A, Class BR
5.40% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	01/23/35	2,500,000		2,505,825
HPS Loan Management Ltd. Series 2023-17A, Class AR
5.02% (3 mo. USD Term SOFR + 1.270%)^(1),(2)	04/23/38	3,750,000		3,752,692
HPS Loan Management Ltd. Series 2023-18A, Class A2R
5.28% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	07/20/39	2,000,000		2,002,606
HPS Loan Management Ltd. Series 2024-19A, Class A1R
5.01% (3 mo. USD Term SOFR + 1.260%)^(1),(2)	04/15/37	931,000		932,002
HPS Loan Management Ltd. Series 2024-22A, Class A1
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/20/37	1,850,000		1,852,353
HPS Loan Management Ltd. Series 2025-26A, Class A1
5.05% (3 mo. USD Term SOFR + 1.320%)^(1),(2)	07/20/38	1,500,000		1,503,000
Invesco CLO Ltd. Series 2021-2A, Class AR
4.85% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	07/15/34	1,550,000		1,551,920
Invesco CLO Ltd. Series 2021-2A, Class BR
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	07/15/34	1,000,000		1,003,921
Invesco CLO Ltd. Series 2021-3A, Class A1R
4.81% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	10/22/34	900,000		901,720
Invesco CLO Ltd. Series 2021-3A, Class BR
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	10/22/34	245,000		246,010
Invesco CLO Ltd. Series 2022-2A, Class A1R
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	07/20/35	1,750,000		1,751,815
Invesco U.S. CLO Ltd. Series 2024-4A, Class A1
5.08% (3 mo. USD Term SOFR + 1.330%)^(1),(2)	01/15/38	1,000,000		1,002,538
Invesco U.S. CLO Ltd. Series 2025-2A, Class B
5.45% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	07/15/38	250,000		251,252
Juniper Valley Park CLO Ltd. Series 2023-1A, Class ARR
4.81% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	07/20/36	3,250,000		3,250,884


Issues	Maturity Date	Principal Amount	Value
KKR CLO 17 Ltd. Series 17, Class BR
5.61% (3 mo. USD Term SOFR + 1.862%)^(1),(2)	04/15/34	$ 500,000	$	500,886
KKR CLO 26 Ltd. Series 26, Class ARR
4.85% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	10/15/34	1,500,000		1,501,572
KKR CLO 27 Ltd. Series 27A, Class A1R2
4.86% (3 mo. USD Term SOFR + 1.110%)^(1),(2)	01/15/35	1,150,000		1,150,843
KKR CLO 28 Ltd. Series 28A, Class AR2
4.91% (3 mo. USD Term SOFR + 1.120%)^(1),(2)	02/09/35	3,000,000		3,002,922
KKR CLO 33 Ltd. Series 33A, Class AR
4.81% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	07/20/34	3,000,000		3,001,110
KKR CLO 36 Ltd. Series 36A, Class AR
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/15/34	600,000		600,578
KKR CLO 42 Ltd. Series 42A, Class AR
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	07/20/34	500,000		500,734
LCM 29 Ltd. Series 29A, Class BR
5.61% (3 mo. USD Term SOFR + 1.862%)^(1),(2)	04/15/31	366,467		367,157
LCM 31 Ltd. Series 31A, Class BR
5.48% (3 mo. USD Term SOFR + 1.750%)^(1),(2)	07/20/34	2,700,000		2,705,246
LCM 32 Ltd. Series 32A, Class A1
5.10% (3 mo. USD Term SOFR + 1.372%)^(1),(2)	07/20/34	1,000,000		1,000,861
LCM 33 Ltd. Series 33A, Class AR
4.91% (3 mo. USD Term SOFR + 1.180%)^(1),(2)	07/20/34	2,250,000		2,251,129
LCM 33 Ltd. Series 33A, Class BR
5.53% (3 mo. USD Term SOFR + 1.800%)^(1),(2)	07/20/34	1,500,000		1,503,055
LCM 34 Ltd. Series 34A, Class A1R
4.91% (3 mo. USD Term SOFR + 1.180%)^(1),(2)	10/20/34	2,250,000		2,252,117
LCM 34 Ltd. Series 34A, Class A2R
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/20/34	3,000,000		3,001,443
LCM 34 Ltd. Series 34A, Class BR
5.43% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	10/20/34	510,000		511,112
LCM 35 Ltd. Series 35A, Class A1R
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	10/15/34	600,000		600,412

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
LCM 35 Ltd. Series 35A, Class BR
5.40% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	10/15/34	$ 1,250,000	$	1,252,541
LCM 36 Ltd. Series 36A, Class A1R
4.82% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	01/15/34	1,766,000		1,767,293
LCM 37 Ltd. Series 37A, Class A1R
4.81% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	04/15/34	1,289,521		1,289,520
LCM 38 Ltd. Series 38A, Class BR2
5.45% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	11/04/38	550,000		550,421
LCM 40 Ltd. Series 40A, Class A1R
5.12% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	01/15/38	1,000,000		1,001,036
LCM 40 Ltd. Series 40A, Class A2R
5.40% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	01/15/38	3,000,000		3,002,865
LCM 41 Ltd. Series 41A, Class A1R
4.95% (3 mo. USD Term SOFR + 1.200%)^(1),(2)	04/15/36	3,500,000		3,500,791
LCM 41 Ltd. Series 41A, Class A2R
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	04/15/36	2,500,000		2,501,185
Madison Park Funding LI Ltd. Series 2021-51A, Class A1R
4.96% (3 mo. USD Term SOFR + 1.230%)^(1),(2)	10/19/38	850,000		849,985
Madison Park Funding LIX Ltd. Series 2021-59A, Class A1R
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	04/18/37	395,000		395,239
Madison Park Funding LVII Ltd. Series 2022-57A, Class BR
5.51% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	07/27/34	3,125,000		3,139,284
Madison Park Funding LXIX Ltd. Series 2024-69A, Class A2R
5.26% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	07/25/37	250,000		249,859
Madison Park Funding XL-R Ltd. Series 2025-40RA, Class A
5.08% (3 mo. USD Term SOFR + 1.290%)^(1),(2)	10/16/38	2,500,000		2,501,252
Madison Park Funding XLIX Ltd. Series 2021-49A, Class AR
4.78% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	10/19/34	5,500,000		5,501,721
Madison Park Funding XLIX Ltd. Series 2021-49A, Class B1R
5.18% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	10/19/34	2,000,000		2,001,902


Issues	Maturity Date	Principal Amount	Value
Madison Park Funding XLV Ltd. Series 2020-45A, Class ARR
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	07/15/34	$ 1,629,000	$	1,630,429
Madison Park Funding XXIX Ltd. Series 2018-29A, Class A1R2
4.91% (3 mo. USD Term SOFR + 1.180%)^(1),(2)	03/25/38	2,000,000		1,998,268
Madison Park Funding XXVII Ltd. Series 2018-27A, Class A2R
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	04/20/38	2,250,000		2,251,595
Madison Park Funding XXXIII Ltd. Series 2019-33A, Class BR2
5.20% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	10/15/32	500,000		500,563
Madison Park Funding XXXIV Ltd. Series 2019-34A, Class A2RR
5.39% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/16/37	293,000		293,189
Madison Park Funding XXXIX Ltd. Series 2021-39A, Class BRR
5.28% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	10/22/34	1,000,000		1,000,725
Madison Park Funding XXXVI Ltd. Series 2019-36A, Class A1RR
4.81% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	04/15/35	600,000		600,496
Madison Park Funding XXXVI Ltd. Series 2019-36A, Class B1RR
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	04/15/35	1,500,000		1,501,075
Madison Park Funding XXXVII Ltd. Series 2019-37A, Class AR2
5.28% (3 mo. USD Term SOFR + 1.530%)^(1),(2)	04/15/37	2,275,000		2,278,747
Magnetite XIX Ltd. Series 2017-19A, Class B1RR
5.20% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	04/17/34	500,000		500,332
Magnetite XXI Ltd. Series 2019-21A, Class BR2
5.03% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	04/20/34	2,100,000		2,100,519
Magnetite XXIII Ltd. Series 2019-23A, Class AR2
4.80% (-3 mo. USD Term SOFR + 0.990%)^(1),(2)	01/25/35	2,700,000		2,701,709
Morgan Stanley Eaton Vance CLO Ltd. Series 2021-1A, Class A1R
5.04% (3 mo. USD Term SOFR + 1.290%)^(1),(2)	10/23/37	2,000,000		2,001,546

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Neuberger Berman CLO 32R Ltd. Series 2019-32RA, Class B
5.38% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	07/20/39	$ 350,000	$	351,456
Neuberger Berman Euro CLO DAC Series 2025-8A, Class A2
4.22% (3 mo. EUR EURIBOR + 1.735%)^(1),(2)	01/20/39	EUR 2,000,000		2,311,586
Neuberger Berman Loan Advisers CLO 25 Ltd. Series 2017-25A, Class AR2
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	07/18/38	922,000		923,808
Neuberger Berman Loan Advisers CLO 38 Ltd. Series 2020-38A, Class BR2
5.13% (3 mo. USD Term SOFR + 1.400%)(1),(2)	10/20/36	1,000,000		999,885
Neuberger Berman Loan Advisers CLO 41 Ltd. Series 2021-41A, Class AR
4.80% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	04/15/34	493,225		493,770
Neuberger Berman Loan Advisers CLO 42 Ltd. Series 2021-42A, Class AR
4.74% (3 mo. USD Term SOFR + 0.950%)^(1),(2)	07/16/36	755,000		755,709
Neuberger Berman Loan Advisers CLO 43Ltd. Series 2021-43A, Class AR
4.80% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	07/17/36	1,120,000		1,121,290
Neuberger Berman Loan Advisers CLO 45Ltd. Series 2021-45A, Class AR
4.80% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	10/14/36	4,110,000		4,114,147
Neuberger Berman Loan Advisers CLO 46 Ltd. Series 2021-46A, Class BR
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/20/37	545,000		545,752
Neuberger Berman Loan Advisers CLO 50 Ltd. Series 2022-50A, Class AR2
4.79% (3 mo. USD Term SOFR + 1.040%)^(1),(2)	07/23/36	250,000		250,219
Neuberger Berman Loan Advisers CLO 52 Ltd. Series 2022-52A, Class AR
5.13% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/24/38	850,000		851,051
Neuberger Berman Loan Advisers CLO Ltd. Series 2017-24A, Class AR2
5.09% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/19/38	2,000,000		2,003,756
Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd. Series 2023-1A, Class A1R
5.06% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	10/25/36	1,000,000		1,001,016


Issues	Maturity Date	Principal Amount	Value
Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd. Series 2023-1A, Class A2R
5.36% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	10/25/36	$ 2,000,000	$	2,002,994
OCP Aegis CLO Ltd. Series 2023-29A, Class BR
5.28% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	01/20/36	500,000		500,610
OCP CLO Ltd. Series 2021-22A, Class AR
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/20/37	850,000		851,121
OCP CLO Ltd. Series 2023-26A, Class AR
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	04/17/37	2,980,000		2,980,825
OCP CLO Ltd. Series 2024-34A, Class A1
5.11% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/15/37	250,000		250,332
OCP Euro CLO DAC Series 2023-7A, Class BRR
4.34% (3 mo. EUR EURIBOR + 1.850%)^(1),(2)	10/20/39	EUR 950,000		1,098,967
Octagon 57 Ltd. Series 2021-1A, Class AR
4.82% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	10/15/34	1,300,000		1,301,134
Octagon 64 Ltd. Series 2022-1A, Class A1R
4.99% (3 mo. USD Term SOFR + 1.260%)^(1),(2)	07/21/35	4,700,000		4,704,451
Octagon 66 Ltd. Series 2022-1A, Class A2R2
5.15% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	02/16/37	1,000,000		1,000,459
Octagon 70 Alto Ltd. Series 2023-1A, Class A1R
4.87% (3 mo. USD Term SOFR + 1.140%)^(1),(2)	10/20/36	600,000		599,288
Octagon Investment Partners 40 Ltd. Series 2019-1A, Class A2RR
5.03% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	01/20/35	2,000,000		1,999,500
Octagon Investment Partners 41 Ltd. Series 2019-2A, Class A1R2
4.84% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	10/15/33	1,600,000		1,601,466
Octagon Investment Partners 41 Ltd. Series 2019-2A, Class A2R2
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/15/33	2,000,000		2,002,558
Octagon Investment Partners 45 Ltd. Series 2019-1A, Class A1RR
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	04/15/35	2,000,000		2,002,106
Octagon Investment Partners 45 Ltd. Series 2019-1A, Class BRR
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	04/15/35	600,000		601,276

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Octagon Investment Partners 49 Ltd. Series 2020-5A, Class BRR
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	04/15/37	$ 2,000,000	$	2,002,554
Octagon Investment Partners 50 Ltd. Series 2020-4A, Class AR2
4.83% (3 mo. USD Term SOFR + 1.080%)^(1),(2)	01/15/35	3,000,000		3,001,509
Octagon Investment Partners 50 Ltd. Series 2020-4A, Class BR2
5.30% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	01/15/35	2,000,000		2,001,498
Octagon Investment Partners 51 Ltd. Series 2021-1A, Class AR
4.72% (3 mo. USD Term SOFR + 0.990%)^(1),(2)	07/20/34	5,500,000		5,504,015
OHA Credit Funding 1 Ltd. Series 2018-1A, Class B1R
5.73% (3 mo. USD Term SOFR + 2.000%)^(1),(2)	04/20/37	250,000		250,013
OHA Credit Funding 4 Ltd. Series 2019-4A, Class AR2
5.02% (3 mo. USD Term SOFR + 1.290%)^(1),(2)	01/22/38	1,000,000		1,001,725
OHA Credit Funding 5 Ltd. Series 2020-5A, Class AR
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/18/37	400,000		400,972
Palmer Square CLO Ltd. Series 2021-2A, Class AR2
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	02/15/38	250,000		250,537
Palmer Square CLO Ltd. Series 2022-4A, Class A1R
5.08% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	10/20/37	506,000		506,883
Palmer Square CLO Ltd. Series 2024-4A, Class A2
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/15/38	1,000,000		1,001,064
Palmer Square European Loan Funding DAC Series 2025-2A, Class B
4.28% (3 mo. EUR EURIBOR + 2.000%)^(1),(2)	02/15/35	EUR 850,000		981,961
Palmer Square European Loan Funding DAC Series 2025-3A, Class B
4.23% (3 mo. EUR EURIBOR + 1.800%)^(1),(2)	07/15/35	EUR 475,000		549,526
Palmer Square Loan Funding Ltd. Series 2022-4A, Class A2R
5.08% (3 mo. USD Term SOFR + 1.300%)^(1),(2)	07/24/31	250,000		250,068
Palmer Square Loan Funding Ltd. Series 2023-2A, Class A2R
5.31% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	01/25/32	4,000,000		4,004,464


Issues	Maturity Date	Principal Amount	Value
Palmer Square Loan Funding Ltd. Series 2024-2A, Class A2R
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	01/15/33	$ 3,000,000	$	3,001,050
Palmer Square Loan Funding Ltd. Series 2024-3A, Class A2R
4.80% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	08/08/32	1,000,000		999,473
Palmer Square Loan Funding Ltd. Series 2025-3A, Class A1
4.70% (3 mo. USD Term SOFR + 0.950%)^(1),(2)	01/15/34	256,852		257,007
Palmer Square Loan Funding Ltd. Series 2025-3A, Class A2
5.15% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	01/15/34	132,000		132,154
Park Avenue Institutional Advisers CLO Ltd. Series 2019-2A, Class A1RR
4.80% (-3 mo. USD Term SOFR + 1.050%)^(1),(2)	10/15/34	1,500,000		1,501,239
Park Avenue Institutional Advisers CLO Ltd. Series 2019-2A, Class A2RR
5.25% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	10/15/34	2,000,000		2,007,384
Park Avenue Institutional Advisers CLO Ltd. Series 2021-2A, Class BR
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	07/15/34	3,000,000		3,004,110
Park Avenue Institutional Advisers CLO Ltd. Series 2022-1A, Class A1
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	04/20/35	2,500,000		2,502,470
Park Avenue Institutional Advisers CLO Ltd. Series 2022-1A, Class A2
5.60% (3 mo. USD Term SOFR + 1.870%)^(1),(2)	04/20/35	380,000		380,612
Park Avenue Institutional Advisers CLO Ltd. Series 2022-2AR, Class A1R2
5.06% (3 mo. USD Term SOFR + 1.250%)^(1),(2)	01/20/37	3,000,000		3,000,765
Penta CLO 20 DAC Series 2025-20X, Class B
4.33% (3 mo. EUR EURIBOR + 1.900%)^(1),(3)	10/15/39	EUR 1,750,000		2,026,589
Rad CLO 21 Ltd. Series 2023-21A, Class A1R
4.88% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	01/25/37	3,000,000		2,998,035
RAD CLO 26 Ltd. Series 2024-26A, Class A
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/20/37	400,000		400,740
Rad CLO 31 Ltd. Series 2025-31A, Class A1B
5.20% (3 mo. USD Term SOFR + 1.450%)^(1),(2)	04/17/39	2,000,000		2,001,714

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Riserva CLO Ltd. Series 2016-3A, Class AR3
4.78% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	01/18/34	$ 2,306,746	$	2,308,103
Rockford Tower CLO Ltd. Series 2018-1A, Class A
5.00% (3 mo. USD Term SOFR + 1.362%)^(1),(2)	05/20/31	175,737		175,793
Rockford Tower CLO Ltd. Series 2019-1A, Class AR2
4.83% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	04/20/34	765,688		766,163
Rockford Tower CLO Ltd. Series 2019-1A, Class B1R2
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	04/20/34	2,000,000		2,004,078
Rockford Tower CLO Ltd. Series 2019-2A, Class AR2
4.77% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	08/20/32	688,568		688,905
Rockford Tower CLO Ltd. Series 2020-1A, Class A1RR
4.82% (3 mo. USD Term SOFR + 1.090%)^(1),(2)	01/20/36	2,010,000		2,011,306
Rockford Tower CLO Ltd. Series 2021-2A, Class A2R
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	07/20/34	2,000,000		2,000,746
Rockford Tower CLO Ltd. Series 2022-1A, Class BR
5.43% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	07/20/35	2,020,000		2,024,499
Rockford Tower CLO Ltd. Series 2025-1A, Class A1
4.96% (3 mo. USD Term SOFR + 1.210%)^(1),(2)	03/31/38	5,500,000		5,503,839
Rockford Tower Europe CLO DAC Series 2019-1A, Class B1R
4.59% (3 mo. EUR EURIBOR + 2.100%)^(1),(2)	01/20/38	EUR 750,000		865,968
RR 14 Ltd. Series 2021-14A, Class A1
5.13% (3 mo. USD Term SOFR + 1.382%)^(1),(2)	04/15/36	500,000		500,382
RR 26 Ltd. Series 2023-26A, Class A1R
4.87% (3 mo. USD Term SOFR + 1.120%)^(1),(2)	04/15/38	3,000,000		3,001,647
RR 7 Ltd. Series 2019-7A, Class A1AB
5.09% (3 mo. USD Term SOFR + 1.340%)^(1),(2)	01/15/37	250,000		250,235
Sixth Street CLO VIII Ltd. Series 2017-8A, Class A1R2
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/20/34	1,150,000		1,150,812
Sixth Street CLO XX Ltd. Series 2021-20A, Class A1R
5.07% (3 mo. USD Term SOFR + 1.320%)^(1),(2)	07/17/38	650,000		651,126
Sixth Street CLO XXI Ltd. Series 2022-21A, Class AR
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/21/37	2,000,000		2,003,890


Issues	Maturity Date	Principal Amount	Value
Stratus Funding CLO Ltd. Series 2025-1A, Class A2
5.08% (3 mo. USD Term SOFR + 1.330%)^(1),(2)	07/15/33	$ 4,250,000	$	4,252,116
Symphony CLO 36 Ltd. Series 2022-36A, Class AR
5.14% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/24/37	2,700,000		2,703,642
Symphony CLO 52 Ltd. Series 2025-52A, Class AR
4.82% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	01/20/36	2,000,000		2,003,896
Symphony CLO 52 Ltd. Series 2025-52A, Class BR
5.22% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	01/20/36	2,500,000		2,503,917
Symphony CLO XXII Ltd. Series 2020-22A, Class A1AR
4.91% (3 mo. USD Term SOFR + 1.180%)^(1),(2)	04/18/33	564,099		564,257
Symphony CLO XXIII Ltd. Series 2020-23A, Class BR2
5.10% (3 mo. USD Term SOFR + 1.350%)^(1),(2)	01/15/34	2,000,000		2,000,780
Symphony CLO XXIV Ltd. Series 2020-24A, Class A1R
4.88% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	10/23/35	3,275,000		3,279,280
Symphony CLO XXIX Ltd. Series 2021-29A, Class AR
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/15/35	800,000		801,027
Symphony CLO XXV Ltd. Series 2021-25A, Class BR
5.23% (3 mo. USD Term SOFR + 1.500%)^(1),(2)	04/19/34	1,800,000		1,802,842
Symphony CLO XXXII Ltd. Series 2022-32A, Class AR
4.90% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/23/35	500,000		500,634
Texas Debt Capital CLO Ltd. Series 2023-2A, Class A1R
5.10% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/21/37	321,000		321,441
Thompson Park CLO Ltd. Series 2021-1A, Class A1R
4.80% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	04/15/34	2,133,336		2,134,309
Trinitas CLO VI Ltd. Series 2017-6A, Class AR4
4.92% (3 mo. USD Term SOFR + 1.110%)^(1),(2)	01/25/34	253,396		253,587
Trinitas CLO VI Ltd. Series 2017-6A, Class B1R4
5.46% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	01/25/34	1,000,000		1,000,734
Trinitas CLO VII Ltd. Series 2017-7A, Class A1R2
4.87% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	01/25/35	4,250,000		4,252,435
Trinitas CLO VII Ltd. Series 2017-7A, Class B1R2
5.41% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	01/25/35	1,000,000		1,001,657

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Trinitas CLO X Ltd. Series 2019-10A, Class AR2
4.89% (3 mo. USD Term SOFR + 1.140%)^(1),(2)	01/15/35	$ 1,950,000	$	1,947,486
Trinitas CLO XI Ltd. Series 2019-11A, Class A1R3
4.80% (3 mo. USD Term SOFR + 1.050%)^(1),(2)	07/15/34	1,500,000		1,500,269
Trinitas CLO XIV Ltd. Series 2020-14A, Class A1R2
4.91% (3 mo. USD Term SOFR + 1.100%)^(1),(2)	01/25/34	1,521,861		1,522,186
Trinitas CLO XIV Ltd. Series 2020-14A, Class BR2
5.51% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	01/25/34	1,750,000		1,751,284
Trinitas CLO XVI Ltd. Series 2021-16A, Class A1R
4.86% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	07/20/34	3,000,000		3,001,227
Trinitas CLO XVII Ltd. Series 2021-17A, Class AR
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(2)	10/20/34	2,300,000		2,300,754
Trinitas CLO XXX Ltd. Series 2024-30A, Class A1
5.12% (3 mo. USD Term SOFR + 1.370%)^(1),(2)	10/23/37	1,000,000		1,000,382
Valley Stream Park CLO Ltd. Series 2022-1A, Class ARR
4.92% (3 mo. USD Term SOFR + 1.190%)^(1),(2)	01/20/37	4,070,000		4,075,759
Verdelite Static CLO Ltd. Series 2024-1A, Class A
4.86% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	07/20/32	205,269		205,397
Voya CLO Ltd. Series 2013-3A, Class A2RR
5.69% (3 mo. USD Term SOFR + 1.961%)^(1),(2)	10/18/31	135,606		135,923
Voya CLO Ltd. Series 2017-3A, Class A1RR
4.79% (3 mo. USD Term SOFR + 1.060%)^(1),(2)	04/20/34	4,281,553		4,284,678
Voya CLO Ltd. Series 2017-3A, Class AAR2
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	04/20/34	2,000,000		2,002,378
Voya CLO Ltd. Series 2018-4A, Class A1RR
5.11% (3 mo. USD Term SOFR + 1.360%)^(1),(2)	10/15/37	750,000		751,375
Voya CLO Ltd. Series 2019-1A, Class A2RR
5.35% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	10/15/37	850,000		851,165
Voya CLO Ltd. Series 2019-3A, Class AR
5.09% (3 mo. USD Term SOFR + 1.342%)^(1),(2)	10/17/32	116,880		117,059
Voya CLO Ltd. Series 2019-3A, Class BR
5.66% (3 mo. USD Term SOFR + 1.912%)^(1),(2)	10/17/32	500,000		500,847


Issues	Maturity Date	Principal Amount	Value
Voya CLO Ltd. Series 2022-3A, Class A1R2
4.86% (3 mo. USD Term SOFR + 1.130%)^(1),(2)	10/20/36	$ 1,305,000	$	1,305,084
Voya CLO Ltd. Series 2022-3A, Class A2R2
5.13% (3 mo. USD Term SOFR + 1.400%)^(1),(2)	10/20/36	400,000		399,812
Whetstone Park CLO Ltd. Series 2021-1A, Class A1R
4.80% (3 mo. USD Term SOFR + 1.070%)^(1),(2)	01/20/35	1,000,000		1,000,329

Total Asset-Backed Securities (Cost: $516,972,011)				517,371,057


Total Fixed Income Securities (Cost: $516,972,011)				517,371,057


Issues		Shares	Value
MONEY MARKET INVESTMENTS — 1.3%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽⁴⁾		3,557,607		3,557,607
TCW Central Cash Fund, 3.74%^(4),(5)		3,473,244		3,473,244

Total Money Market Investments (Cost: $7,030,851)				7,030,851

Total Investments (100.7%) (Cost: $524,002,862)				524,401,908

Liabilities In Excess Of Other Assets (-0.7%)				(3,870,783	)
Net Assets (100.0%)			$	520,531,125

TCW AAA CLO ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

BUY (6)
Bank of New York		EUR		404,659		08/03/26		460,184		466,632		6,448

SELL (7)
Bank of New York		EUR		404,659		09/11/26		460,949		467,334		(6,385	)
Citibank N.A.		EUR		17,091,436		09/11/26		19,521,582		19,738,644		(217,062	)

							$	19,982,531	$	20,205,978	$	(223,447	)

Notes to the Schedule of Investments:

ABS	Asset-Backed Securities.

CLO	Collateralized Loan Obligation.

PAC	Planned Amortization Class.

SOFR	Secured Overnight Financing Rate.

EUR	Euro Currency.

(1)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(2)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $514,534,497 or 98.9% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(3)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $2,836,560 or 0.5% of net assets.

(4)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(5)	Affiliated issuer.

(6)	Fund buys foreign currency, sells USD.

(7)	Fund sells foreign currency, buys USD.

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
FIXED INCOME SECURITIES — 110.4% of Net Assets
ASSET-BACKED SECURITIES — 6.3%
AGL CLO 9 Ltd. Series 2020-9A, Class CR2
5.73% (3 mo. USD Term SOFR + 2.000%)^(1),(2)	04/20/37	$ 200,000	$	200,562
Apidos CLO XXVIII Series 2017-28A, Class BR
5.58% (3 mo. USD Term SOFR + 1.850%)^(1),(2)	10/20/38	425,000		426,139
Aqueduct European CLO Series 2025-15A, Class CR3
4.92% (3 mo. EUR EURIBOR + 2.450%)^(1),(2)	01/25/39	EUR 450,000		521,482
Bain Capital Credit CLO Ltd. Series 2020-2A, Class CR3
5.38% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	07/19/34	425,000		425,339
Bardot CLO Ltd. Series 2019-2A, Class CRR
5.28% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	10/22/32	200,000		200,185
Birch Grove CLO 4 Ltd. Series 2022-4AR, Class CR2
5.85% (3 mo. USD Term SOFR + 1.850%)^(1),(2)	07/15/37	450,000		450,561
Edgeconnex Data Centers Issuer LLC Series 2022-1, Class A2
4.25% ⁽²⁾	03/25/52	431,288		420,692
Elmwood CLO IV Ltd. Series 2020-1A, Class CRR
5.68% (3 mo. USD Term SOFR + 1.950%)^(1),(2)	04/18/37	550,000		552,672
FIGRE Trust Series 2026-HE6, Class B
5.74% ^(2),(3)	06/25/56	341,852		339,517
Hertz Vehicle Financing III LP Series 2021-2A, Class D
4.34%⁽²⁾	12/27/27	208,333		206,774
Invesco U.S. CLO Ltd. Series 2025-2A, Class B
5.45% (3 mo. USD Term SOFR + 1.700%)^(1),(2)	07/15/38	413,796		415,868
KKR CLO 55 Ltd. Series 2025-55A, Class C
5.68% (3 mo. USD Term SOFR + 1.950%)^(1),(2)	07/20/38	250,000		250,836
LMDV Issuer Co. LLC Series 2025-1A, Class C
7.88% ⁽²⁾	12/15/55	300,000		303,528
Neuberger Berman Loan Advisers CLO 42 Ltd. Series 2021-42A, Class CR
5.64% (3 mo. USD Term SOFR + 1.850%)^(1),(2)	07/16/36	250,000		250,916
Neuberger Berman Loan Advisers Lasalle Street Lending CLO I Ltd. Series 2023-1A, Class D1R
7.16% (3 mo. USD Term SOFR + 3.350%)^(1),(2)	10/25/36	300,000		300,432
Octagon 56 Ltd. Series 2021-1AR, Class CR
5.85% (3 mo. USD Term SOFR + 2.100%)^(1),(2)	10/15/34	150,000		150,185
Peebles Park CLO Ltd. Series 2024-1A, Class CR
5.63% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	04/21/37	550,000		550,978


Issues	Maturity Date	Principal Amount	Value
Rockford Tower Europe CLO DAC Series 2023-1A, Class BR
4.38% (3 mo. EUR EURIBOR + 1.950%)^(1),(2)	04/15/37	EUR 750,000	$	867,673
Sixth Street CLO VIII Ltd. Series 2017-8A, Class BR2
5.53% (3 mo. USD Term SOFR + 1.800%)^(1),(2)	10/20/34	300,000		300,328
Skyline Aviation, Inc. Class A
3.23% ⁽⁴⁾	07/03/38	1,563,639		1,478,311
SLC Student Loan Trust Series 2004-1, Class B
4.21% (90 day USD SOFR Average + 0.552%)⁽¹⁾	08/15/31	73,166		64,925
SLM Student Loan Trust Series 2004-2, Class B
4.36% (90 day USD SOFR Average + 0.732%)⁽¹⁾	07/25/39	61,567		58,870
SLM Student Loan Trust Series 2008-2, Class B
5.09% (90 day USD SOFR Average + 1.460%)⁽¹⁾	01/25/83	185,000		206,633
SLM Student Loan Trust Series 2008-3, Class B
5.09% (90 day USD SOFR Average + 1.462%)⁽¹⁾	04/26/83	185,000		202,746
SLM Student Loan Trust Series 2008-4, Class B
5.74% (90 day USD SOFR Average + 2.112%)⁽¹⁾	04/25/73	185,000		209,037
SLM Student Loan Trust Series 2008-6, Class B
5.74% (90 day USD SOFR Average + 2.112%)⁽¹⁾	07/26/83	185,000		221,229
Structured Receivables Finance LLC Series 2010-A, Class B
7.61%⁽²⁾	01/16/46	17,395		17,411
Switch ABS Issuer LLC Series 2025-2A, Class B
6.24%⁽²⁾	10/25/55	270,000		261,488
Symphony CLO XXIV Ltd. Series 2020-24A, Class C1R
5.55% (3 mo. USD Term SOFR + 1.800%)^(1),(2)	10/23/35	320,000		320,313
Trinitas CLO VII Ltd. Series 2017-7A, Class B1R2
5.41% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	01/25/35	550,000		550,911
U.S. Bank NA Series 2026-SUP1, Class D
5.87% (30 day USD SOFR Average + 2.250%)^(1),(2)	06/27/33	576,642		577,624
Unity-Peace Park CLO Ltd. Series 2022-1A, Class CR
5.38% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	04/20/35	450,000		449,518
Valley Stream Park CLO Ltd. Series 2022-1A, Class CRR
5.58% (3 mo. USD Term SOFR + 1.850%)^(1),(2)	01/20/37	550,000		550,427
Voya CLO Ltd. Series 2014-4A, Class A2RA
5.60% (3 mo. USD Term SOFR + 1.862%)^(1),(2)	07/14/31	309,461		309,969

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Voya CLO Ltd. Series 2017-3A, Class AAR2
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	04/20/34	$ 1,500,000	$	1,501,784

Total Asset-Backed Securities (Cost: $14,060,642)				14,115,863

RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 34.3%
Federal Home Loan Mortgage Corp., Pool #SD8204
2.00%	04/01/52	1,644,640		1,291,598
Federal Home Loan Mortgage Corp., Pool #SD8219
2.50%	06/01/52	1,237,124		1,015,665
Federal Home Loan Mortgage Corp., Pool #SD8225
3.00%	07/01/52	2,103,288		1,797,132
Federal Home Loan Mortgage Corp., Pool #C03813
3.50%	04/01/42	374,433		345,306
Federal Home Loan Mortgage Corp., Pool #SD7503
3.50%	08/01/49	1,763,252		1,587,819
Federal Home Loan Mortgage Corp., Pool #SD8221
3.50% ⁽⁵⁾	06/01/52	2,868,737		2,547,666
Federal Home Loan Mortgage Corp., Pool #SD8244
4.00%	09/01/52	1,233,405		1,130,699
Federal Home Loan Mortgage Corp., Pool #SD8297
4.00%	02/01/53	3,222,839		2,953,474
Federal Home Loan Mortgage Corp., Pool #SD5323
4.00%	01/01/54	2,457,824		2,252,780
Federal Home Loan Mortgage Corp., Pool #SD8257
4.50%	10/01/52	598,604		567,165
Federal Home Loan Mortgage Corp., Pool #SD6706
4.50%	01/01/54	1,232,513		1,166,179
Federal Home Loan Mortgage Corp., Pool #G08844
5.00%	10/01/48	98,492		97,161
Federal Home Loan Mortgage Corp., Pool #SD8491
5.00%	12/01/54	1,980,980		1,919,614
Federal Home Loan Mortgage Corp., Pool #G01644
5.50%	02/01/34	18,199		18,397
Federal Home Loan Mortgage Corp., Pool #A25162
5.50%	05/01/34	32,078		32,427
Federal Home Loan Mortgage Corp., Pool #A33262
5.50%	02/01/35	13,691		13,901
Federal Home Loan Mortgage Corp., Pool #A68781
5.50%	10/01/37	1,951		1,982
Federal Home Loan Mortgage Corp., Pool #RQ0013
5.50%	06/01/55	425,316		421,244
Federal Home Loan Mortgage Corp., Pool #G02366
6.50%	10/01/36	15,125		15,868
Federal Home Loan Mortgage Corp., Pool #G01548
7.50%	07/01/32	92,177		97,091
Federal Home Loan Mortgage Corp. REMICS Series 2174, Class PN (PAC)
6.00%	07/15/29	4,230		4,291
Federal National Mortgage Association, Pool #MA4333
2.00%	05/01/41	501,730		429,161
Federal National Mortgage Association, Pool #MA4547
2.00%	02/01/52	2,355,128		1,848,571
Federal National Mortgage Association, Pool #MA4562
2.00%	03/01/52	5,333,333		4,175,856
Federal National Mortgage Association, Pool #FS1598
2.00%	04/01/52	970,639		762,279
Federal National Mortgage Association, Pool #MA4512
2.50%	01/01/52	893,925		733,458
Federal National Mortgage Association, Pool #MA1527
3.00%	08/01/33	6,769		6,490
Federal National Mortgage Association, Pool #MA1561
3.00%	09/01/33	379,859		364,056


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association, Pool #MA3811
3.00%	10/01/49	$ 328,483	$	280,528
Federal National Mortgage Association, Pool #FS2646
3.00%	06/01/52	2,430,799		2,086,736
Federal National Mortgage Association, Pool #MA1608
3.50%	10/01/33	327,786		317,925
Federal National Mortgage Association, Pool #FM2318
3.50%	09/01/49	670,047		603,381
Federal National Mortgage Association, Pool #MA4732
4.00%	09/01/52	571,550		523,956
Federal National Mortgage Association, Pool #AL0209
4.50%	05/01/41	115,738		112,625
Federal National Mortgage Association, Pool #CA1710
4.50%	05/01/48	5,413		5,182
Federal National Mortgage Association, Pool #CA1711
4.50%	05/01/48	384,766		368,395
Federal National Mortgage Association, Pool #CA2208
4.50%	08/01/48	5,047		4,832
Federal National Mortgage Association, Pool #MA3537
4.50%	12/01/48	344,618		329,977
Federal National Mortgage Association, Pool #MA4733
4.50%	09/01/52	4,735,118		4,486,872
Federal National Mortgage Association, Pool #MA4784
4.50%	10/01/52	399,388		378,412
Federal National Mortgage Association, Pool #FS9508
4.50%	03/01/54	506,911		479,629
Federal National Mortgage Association, Pool #776708
5.00%	05/01/34	35,722		35,652
Federal National Mortgage Association, Pool #764388
5.38% (6 mo. USD RFUCCT + 1.383%)⁽¹⁾	03/01/34	4,878		4,937
Federal National Mortgage Association, Pool #939419
5.39% (1 yr. USD RFUCCT + 1.265%)⁽¹⁾	05/01/37	16,484		16,615
Federal National Mortgage Association, Pool #890221
5.50%	12/01/33	36,857		37,211
Federal National Mortgage Association, Pool #889184
5.50%	09/01/36	27,276		27,537
Federal National Mortgage Association, Pool #MA5072
5.50%	07/01/53	653,527		651,363
Federal National Mortgage Association, Pool #844773
6.00% (1 yr. USD RFUCCT + 1.559%)⁽¹⁾	12/01/35	2,098		2,139
Federal National Mortgage Association, Pool #549740
6.50%	10/01/27	302		302
Federal National Mortgage Association, Pool #735861
6.50%	09/01/33	12,228		12,615
Federal National Mortgage Association, Pool #253974
7.00%	08/01/31	220		231
Federal National Mortgage Association, Pool #545191
7.00%	09/01/31	232		245
Federal National Mortgage Association, Pool #630599
7.00%	05/01/32	1,122		1,176
Federal National Mortgage Association, Pool #655928
7.00%	08/01/32	587		616
Federal National Mortgage Association, Pool #735207
7.00%	04/01/34	337		354
Federal National Mortgage Association REMICS Series 2001-52, Class YZ (PAC)
6.50%	10/25/31	35,242		36,285
Federal National Mortgage Association REMICS Series 2007-64, Class FA
4.20% (30 day USD SOFR Average + 0.584%)⁽¹⁾	07/25/37	19,753		19,690

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association REMICS Series 2018-38, Class PA (PAC)
3.50%	06/25/47	$ 1,700	$	1,654
Federal National Mortgage Association REMICS Series 2018-43, Class CT
3.00%	06/25/48	134,673		118,635
Federal National Mortgage Association REMICS Series 2018-86, Class JA (PAC)
4.00%	05/25/47	41,705		41,277
Government National Mortgage Association, Pool #MA6080
3.00%	08/20/49	16,665		14,325
Government National Mortgage Association, Pool #MA6209
3.00%	10/20/49	288,486		247,979
Government National Mortgage Association, Pool #MA6030
3.50%	07/20/49	32,148		28,475
Government National Mortgage Association, Pool #MA4511
4.00%	06/20/47	2,343		2,180
Government National Mortgage Association, Pool #MA4838
4.00%	11/20/47	211,344		196,637
Government National Mortgage Association, Pool #MA4901
4.00%	12/20/47	174,148		162,029
Government National Mortgage Association, Pool #782810
4.50%	11/15/39	223,334		219,579
Government National Mortgage Association, Pool #MA4588
4.50%	07/20/47	83,290		79,994
Government National Mortgage Association, Pool #MA5399
4.50%	08/20/48	209,958		200,991
Government National Mortgage Association, Pool #MA8347
4.50%	10/20/52	646,069		614,729
Government National Mortgage Association, Pool #MA4454
5.00%	05/20/47	9,209		9,141
Government National Mortgage Association, Pool #MA4589
5.00%	07/20/47	453,821		450,485
Government National Mortgage Association, Pool #MA5530
5.00%	10/20/48	2,462		2,432
Government National Mortgage Association, Pool #80968
5.38% (1 yr. CMT + 1.500%)⁽¹⁾	07/20/34	4,761		4,832
Government National Mortgage Association, Pool #MA9488
5.50%	02/20/54	737,338		737,999
Government National Mortgage Association, TBA
2.50%⁽⁶⁾	11/01/51	2,950,000		2,463,355
Government National Mortgage Association, TBA, 30 Year
3.50% ⁽⁶⁾	08/01/55	2,575,000		2,252,569
4.00%⁽⁶⁾	07/01/55	3,200,000		2,896,022
Government National Mortgage Association, TBA
5.00%⁽⁶⁾	03/01/56	1,250,000		1,209,848
5.50%⁽⁶⁾	03/01/56	1,200,000		1,192,078
Uniform Mortgage-Backed Security, TBA
2.00%⁽⁶⁾	10/01/51	625,000		486,645
2.50%⁽⁶⁾	10/01/51	3,625,000		2,950,074
3.00%⁽⁶⁾	12/01/51	175,000		148,819
3.50%⁽⁶⁾	12/01/51	7,750,000		6,874,189
4.00%⁽⁶⁾	04/01/56	8,275,000		7,537,271
4.50%⁽⁶⁾	02/01/56	4,325,000		4,056,383
5.00%⁽⁶⁾	01/01/56	2,775,000		2,675,047
5.50%⁽⁶⁾	03/01/56	1,150,000		1,136,263

Total Residential Mortgage-Backed Securities — Agency (Cost: $79,169,004)				77,434,684


Issues	Maturity Date	Principal Amount	Value
COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 3.5%
ACREC LLC Series 2026-FL4, Class C
5.67% (1 mo. USD Term SOFR + 2.000%)^(1),(2)	01/18/43	$ 380,000	$	380,558
ALA Trust Series 2025-OANA, Class C
5.77% (1 mo. USD Term SOFR + 2.092%)^(1),(2)	06/15/40	520,000		522,841
AMSR Trust Series 2025-SFR1, Class E1
3.66%⁽²⁾	06/17/42	520,000		476,935
BAMLL Commercial Mortgage Securities Trust Series 2018-PARK, Class A
4.09% ^(2),(3)	08/10/38	1,095,000		1,069,376
DBC Mortgage Trust Series 2025-DBC, Class C
5.73% (1 mo. USD Term SOFR + 2.050%)^(1),(2)	11/15/42	575,000		577,692
DC Office Trust Series 2019-MTC, Class A
2.97%⁽²⁾	09/15/45	765,000		685,064
FirstKey Homes Trust Series 2021-SFR2, Class E2
2.36%⁽²⁾	09/17/38	320,000		318,470
JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-OSB, Class A
3.40%⁽²⁾	06/05/39	740,000		695,233
MKT Mortgage Trust Series 2020-525M, Class A
2.69%⁽²⁾	02/12/40	520,000		466,617
NYCT Trust Series 2024-3ELV, Class C
6.52% (1 mo. USD Term SOFR + 2.840%)^(1),(2)	08/15/29	520,000		518,605
PFP Ltd. Series 2026-13, Class C
5.67% (1 mo. USD Term SOFR + 2.000%)^(1),(2)	08/18/43	430,000		430,978
Progress Residential Trust Series 2024-SFR2, Class F
3.65%^(2),(3)	04/17/41	450,000		417,003
Progress Residential Trust Series 2025-SFR1, Class E2
3.75%⁽²⁾	02/17/42	620,000		571,076
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2B
4.14%^(2),(3)	01/05/43	45,000		39,135
Velocity Commercial Capital Loan Trust Series 2019-1, Class A
3.76%^(2),(3)	03/25/49	831,824		799,366

Total Commercial Mortgage-Backed Securities — Non-agency (Cost: $8,249,647)				7,968,949

RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 8.4%
ACE Securities Corp. Home Equity Loan Trust Series 2005-HE2, Class M5
4.86% (1 mo. USD Term SOFR + 1.134%)⁽¹⁾	04/25/35	207,177		206,464
Asset-Backed Securities Corp. Home Equity Loan Trust Series 2004-HE9, Class M1
4.81% (1 mo. USD Term SOFR + 1.089%)⁽¹⁾	12/25/34	208,172		199,994
Banc of America Funding Trust Series 2003-2, Class 1A1
6.50%	06/25/32	2,930		2,942
Banc of America Funding Trust Series 2014-R6, Class 2A11
4.02%^(2),(3)	07/26/36	1,700,000		1,502,397

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Braccan Mortgage Funding PLC Series 2026-1X, Class X
6.51% (1 day GBP SONIA + 2.780%)^(1),(7)	04/17/68	GBP 283,801	$	385,571
C-BASS Trust Series 2007-CB5, Class A1
3.96% (1 mo. USD Term SOFR + 0.234%)⁽¹⁾	04/25/37	81,529		47,964
C-BASS Trust Series 2007-CB5, Class A3
4.34% (1 mo. USD Term SOFR + 0.614%)⁽¹⁾	04/25/37	968,773		569,395
Central Park Funding Trust Series 2026-1, Class PT
7.25% ⁽²⁾	07/27/28	350,000		350,000
Chevy Chase Funding LLC Mortgage-Backed Certificates Series 2005-2A, Class A1
4.02% (1 mo. USD Term SOFR + 0.294%)^(1),(2)	05/25/36	12,722		12,409
CHL Mortgage Pass-Through Trust Series 2004-14, Class 4A1
5.27% ⁽³⁾	08/25/34	35,086		33,300
CIM Trust Series 2021-R3, Class A1A
1.95%^(2),(3)	06/25/57	1,160,964		1,076,360
Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1, Class M1
4.47% (1 mo. USD Term SOFR + 0.744%)⁽¹⁾	02/25/35	1,212,306		1,149,875
COOPR Residential Mortgage Trust Series 2025-CES3, Class M1
5.63% ^(2),(3)	09/25/60	500,000		489,311
Countrywide Asset-Backed Certificates Trust Series 2005-7, Class MV5
4.96% (1 mo. USD Term SOFR + 1.239%)⁽¹⁾	11/25/35	1,102,786		1,091,011
Credit Suisse First Boston Mortgage Securities Corp. Series 98-1, Class A4
6.49%	09/25/28	6,959		6,954
Credit-Based Asset Servicing & Securitization LLC Series 2003-CB3, Class AF1
3.38%	12/25/32	233,391		228,703
Credit-Based Asset Servicing & Securitization LLC Series 2006-CB2, Class AF4
2.93%	12/25/36	292,343		235,667
Cross Mortgage Trust Series 2025-H5, Class A3
5.86%⁽²⁾	07/25/70	1,263,017		1,262,842
CSMC Trust Series 2022-ATH2, Class A1
5.14%^(2),(3)	05/25/67	1,203,675		1,200,524
Federal Home Loan Mortgage Corp. REMICS Series 3460, Class SA (I/O) (I/F)
2.46% (-30 day USD SOFR Average + 6.086%)⁽¹⁾	06/15/38	250,309		15,987
Federal Home Loan Mortgage Corp. REMICS Series 4030, Class HS (I/O) (I/F)
2.87% (-30 day USD SOFR Average + 6.496%)⁽¹⁾	04/15/42	270,866		27,105
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B2
11.12% (30 day USD SOFR Average + 7.500%)^(1),(2)	10/25/41	650,000		659,117


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association REMICS Series 2003-124, Class TS (I/F)
9.80% (-30 day USD SOFR Average + 99.197%)⁽¹⁾	01/25/34	$ 1,131	$	1,221
Federal National Mortgage Association REMICS Series 2008-50, Class SA (I/O) (I/F)
2.32% (-30 day USD SOFR Average + 5.936%)⁽¹⁾	11/25/36	285,128		19,552
Federal National Mortgage Association Trust Series 2003-W6, Class 5T (I/O) (I/F)
0.55% (-30 day USD SOFR Average + 8.036%)⁽¹⁾	09/25/42	4,022,530		39,959
FIGRE Trust Series 2025-FL2, Class A3
5.56% ⁽²⁾	11/25/55	435,542		431,255
FIGRE Trust Series 2025-HE7, Class C
5.35% ^(2),(3)	11/25/55	627,754		617,435
FIGRE Trust Series 2025-HE8, Class C
5.46%^(2),(3)	11/25/55	619,031		609,933
FIGRE Trust Series 2026-FL1, Class A3
5.94%⁽²⁾	03/25/56	389,070		388,626
First Horizon Alternative Mortgage Securities Trust Series 2004-AA3, Class A1
4.78%⁽³⁾	09/25/34	16,147		16,066
HarborView Mortgage Loan Trust Series 2007-7, Class 2A1A
5.84% (1 mo. USD Term SOFR + 2.114%)⁽¹⁾	10/25/37	1,015,289		959,825
Homeward Opportunities Fund Trust Series 2025-RRTL2, Class A2
5.66%⁽²⁾	09/25/40	640,000		640,678
IndyMac INDX Mortgage Loan Trust Series 2004-AR7, Class A2
4.70% (1 mo. USD Term SOFR + 0.974%)⁽¹⁾	09/25/34	5,416		4,702
IndyMac INDX Mortgage Loan Trust Series 2004-AR8, Class 2A2A
4.64% (1 mo. USD Term SOFR + 0.914%)⁽¹⁾	11/25/34	14,803		13,897
IndyMac INDX Mortgage Loan Trust Series 2007-AR11, Class 1A1
3.21%⁽³⁾	06/25/37	366,936		332,508
IndyMac Manufactured Housing Contract Pass-Through Certificates Series 1997-1, Class A3
6.61%	02/25/28	16,441		16,462
IndyMac Manufactured Housing Contract Pass-Through Certificates Series 1997-1, Class A4
6.75%	02/25/28	4,377		4,383
JPMorgan Mortgage Trust Series 2007-A3, Class 3A2
4.50%⁽³⁾	05/25/37	63,936		53,909
MASTR Adjustable Rate Mortgages Trust Series 2003-6, Class 4A2
4.33%⁽³⁾	01/25/34	18,816		18,432
MASTR Seasoned Securitization Trust Series 2004-1, Class 4A1
6.35%⁽³⁾	10/25/32	2,169		2,147
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2C
4.20% (1 mo. USD Term SOFR + 0.474%)⁽¹⁾	06/25/37	101,006		101,004

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2D
4.34% (1 mo. USD Term SOFR + 0.614%)⁽¹⁾	06/25/37	$ 186,655	$	186,788
Mid-State Trust XI Series 11, Class A1
4.86%	07/15/38	31,345		31,361
Morgan Stanley ABS Capital I, Inc. Trust Series 2004-NC7, Class M2
4.77% (1 mo. USD Term SOFR + 1.044%)⁽¹⁾	07/25/34	83,014		88,097
Morgan Stanley ABS Capital I, Inc. Trust Series 2005-HE3, Class M5
4.87% (1 mo. USD Term SOFR + 1.149%)⁽¹⁾	07/25/35	886,029		865,487
New York Mortgage Trust Series 2005-3, Class A1
4.32% (1 mo. USD Term SOFR + 0.594%)⁽¹⁾	02/25/36	72,487		72,463
RCKT Mortgage Trust Series 2025-CES11, Class A2
5.23%⁽²⁾	11/25/55	530,000		522,075
RCKT Mortgage Trust Series 2026-CES1, Class A2
5.12%⁽²⁾	01/25/56	450,000		441,260
Residential Asset Mortgage Products Trust Series 2003-SL1, Class A41
8.00%	04/25/31	15,118		4,448
Residential Asset Mortgage Products Trust Series 2004-SL1, Class A7
7.00%	11/25/31	4,117		3,548
Residential Asset Securitization Trust Series 2004-IP2, Class 2A1
3.70%⁽³⁾	12/25/34	7,976		7,367
RFT Trust Series 2026-RR1, Class A1
6.63%⁽²⁾	07/27/30	230,000		229,997
Structured Adjustable Rate Mortgage Loan Trust Series 2004-15, Class A
5.46% ⁽³⁾	10/25/34	379,311		368,997
Structured Asset Mortgage Investments II Trust Series 2005-AR1, Class A1
4.26% (1 mo. USD Term SOFR + 0.594%)⁽¹⁾	04/19/35	169,168		165,783
Structured Asset Mortgage Investments II Trust Series 2005-AR8, Class A2
5.15% (1 yr. MTA + 1.480%)⁽¹⁾	02/25/36	161,370		138,575
Vista Point Securitization Trust Series 2024-CES2, Class A3
5.91%⁽²⁾	10/25/54	640,000		640,740
WaMu Mortgage Pass-Through Certificates Trust Series 2005-AR13, Class A1A3
5.40% (1 mo. USD Term SOFR + 1.674%)⁽¹⁾	10/25/45	216,278		207,360

Total Residential Mortgage-Backed Securities — Non-agency (Cost: $19,771,014)				19,000,232

CORPORATE BONDS — 21.6%

Aerospace/Defense — 0.2%
TransDigm, Inc.
6.75%⁽²⁾	01/31/34	440,000		447,366

Agriculture — 0.3%
Altria Group, Inc.
4.88%	02/04/28	400,000		401,472


Issues	Maturity Date		Principal Amount	Value
BAT Capital Corp. (United Kingdom)
3.56%		08/15/27	$ 145,000	$	143,612
Imperial Brands Finance PLC (United Kingdom)
6.13%⁽²⁾		07/27/27	235,000		238,300

					783,384

Auto Manufacturers — 0.1%
Volkswagen International Finance NV (Germany)
7.88% (9 yr. EUR Swap + 4.783%)^(1),(7),(8)		09/06/32	EUR 200,000		257,012

Auto Parts & Equipment — 0.0%
Robert Bosch GmbH (Germany)
4.38%⁽⁷⁾		06/02/43	EUR 100,000		110,593

Banks — 4.3%
Bank of America Corp.
1.92% (1 day USD SOFR + 1.370%)⁽¹⁾		10/24/31	885,000		779,942
2.55% (1 day USD SOFR + 1.050%)⁽¹⁾		02/04/28	85,000		84,184
2.69% (1 day USD SOFR + 1.320%)⁽¹⁾		04/22/32	630,000		565,255
3.42% (3 mo. USD Term SOFR + 1.302%)⁽¹⁾		12/20/28	360,000		353,981
Citibank NA
4.91%		05/29/30	180,000		180,385
Citigroup, Inc.
3.52% (3 mo. USD Term SOFR + 1.413%)⁽¹⁾		10/27/28	435,000		428,958
Goldman Sachs Bank USA
4.66% (1 day USD SOFR + 0.720%)⁽¹⁾		06/03/29	1,230,000		1,226,900
JPMorgan Chase & Co.
2.96% (1 day USD SOFR + 1.260%)⁽¹⁾		01/25/33	500,000		447,115
4.01% (3 mo. USD Term SOFR + 1.382%)⁽¹⁾		04/23/29	1,055,000		1,042,656
4.86% (1 day USD SOFR + 0.845%)⁽¹⁾		07/23/30	30,000		29,940
Morgan Stanley
2.51% (1 day USD SOFR + 1.200%)⁽¹⁾		10/20/32	290,000		253,666
2.94% (1 day USD SOFR + 1.290%)⁽¹⁾		01/21/33	500,000		444,610
Morgan Stanley Bank NA
5.02% (1 day USD SOFR + 0.906%)⁽¹⁾		01/12/29	680,000		683,325
Morgan Stanley Private Bank NA
4.20% (1 day USD SOFR + 0.780%)⁽¹⁾		11/17/28	895,000		889,693
Wells Fargo & Co.
2.39% (1 day USD SOFR + 2.100%)⁽¹⁾		06/02/28	1,860,000		1,826,706
5.57% (1 day USD SOFR + 1.740%)⁽¹⁾		07/25/29	395,000		401,012

					9,638,328

Beverages — 0.1%
Maple Parent Holdings Corp.
4.73%⁽²⁾		03/26/35	EUR 100,000		116,104

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Biotechnology — 0.1%
Genmab AS/Genmab Finance LLC (Denmark)
6.25%⁽²⁾	12/15/32	$ 125,000	$	126,251

Building Materials — 0.1%
JH North America Holdings, Inc.
6.13%⁽²⁾	07/31/32	223,000		223,669

Chemicals — 0.2%
International Flavors & Fragrances, Inc.
2.30%⁽²⁾	11/01/30	345,000		308,709
SCIH Salt Holdings, Inc.
6.63%^(2),(5)	08/15/31	60,000		59,975
8.00%^(2),(5)	08/15/32	45,000		44,788

				413,472

Commercial Services — 0.4%
AA Bond Co. Ltd. (United Kingdom)
5.50%⁽⁷⁾	07/31/50	GBP 100,000		131,326
7.38%⁽⁷⁾	07/31/50	GBP 100,000		139,871
Albion Financing 1 Sarl/Aggreko Holdings, Inc. (Luxemburg)
7.00%⁽²⁾	05/21/30	111,000		113,173
Dalrymple Bay Finance Pty. Ltd. (Australia)
6.23%	03/24/31	AUD 60,000		42,799
EquipmentShare.com, Inc.
7.13%⁽²⁾	07/01/34	44,000		42,092
Rollins, Inc.
5.25%	02/24/35	200,000		195,432
VT Topco, Inc.
8.50%⁽²⁾	08/15/30	136,000		139,064
WestConnex Finance Co. Pty. Ltd. (Australia)
5.94%	04/30/32	AUD 160,000		112,902

				916,659

Computers — 0.2%
Dell International LLC/EMC Corp.
4.75%	04/01/28	470,000		470,635

Cosmetics/Personal Care — 0.2%
Edgewell Personal Care Co.
4.13%⁽²⁾	04/01/29	123,000		118,510
Opal Bidco SAS (France)
6.50%⁽²⁾	03/31/32	112,000		112,827
Perrigo Finance Unlimited Co.
6.13%	09/30/32	119,000		113,117

				344,454

Diversified Financial Services — 0.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
2.45%	10/29/26	645,000		642,143
Avolon Holdings Funding Ltd. (Ireland)
2.53%⁽²⁾	11/18/27	136,000		132,131
First Eagle Holdings, Inc.
7.25%⁽²⁾	08/15/32	89,000		90,121
Jane Street Group/JSG Finance, Inc.
6.75%⁽²⁾	05/01/33	334,000		340,740
Sumisho Air Lease Corp.
3.63%	12/01/27	205,000		202,011

				1,407,146

Electric — 1.8%
Alliant Energy Corp.
5.75% (5 yr. CMT + 2.077%)⁽¹⁾	04/01/56	140,000		137,393


Issues	Maturity Date	Principal Amount	Value
Alliant Energy Finance LLC
3.60%⁽²⁾	03/01/32	$ 175,000	$	160,948
Alpha Generation LLC
6.25%⁽²⁾	01/15/34	115,000		112,538
Amprion GmbH (Germany)
4.58%⁽⁷⁾	01/15/46	EUR 100,000		111,354
Appalachian Power Co.
3.30%	06/01/27	410,000		405,982
Ausgrid Finance Pty. Ltd. (Australia)
5.41%	03/28/31	AUD 60,000		41,774
5.95%⁽⁷⁾	12/10/35	AUD 100,000		68,866
CenterPoint Energy, Inc.
5.95% (5 yr. CMT + 2.223%)⁽¹⁾	04/01/56	315,000		312,130
Duke Energy Corp.
2.65%	09/01/26	30,000		29,969
Electricite de France SA
2.00%⁽⁷⁾	12/09/49	EUR 100,000		67,271
4.63%⁽⁷⁾	05/07/45	EUR 100,000		109,774
4.75%⁽⁷⁾	06/17/44	EUR 200,000		224,269
EnBW International Finance BV (Germany)
6.05%⁽⁷⁾	10/30/34	AUD 290,000		202,648
Enel SpA (Italy)
4.50% (EUAMDB05 + 1.821%)^(1),(7),(8)	10/14/34	EUR 100,000		111,478
Eversource Energy
4.60%	07/01/27	595,000		595,601
FirstEnergy Transmission LLC
2.87%⁽²⁾	09/15/28	353,000		339,265
Network Finance Co. Pty. Ltd. (Australia)
2.41%	10/03/29	AUD 180,000		114,276
Niagara Mohawk Power Corp.
4.28%⁽²⁾	10/01/34	200,000		182,298
Public Service Co. of Oklahoma
5.45%	01/15/36	200,000		197,492
Southern Co.
6.00% (5 yr. CMT + 1.993%)⁽¹⁾	04/01/58	300,000		297,678
Southwestern Electric Power Co.
5.30%	04/01/33	150,000		149,447
Trans-Allegheny Interstate Line Co.
5.00%⁽²⁾	01/15/31	130,000		129,767

				4,102,218

Electrical Components & Equipment — 0.1%
Energizer Holdings, Inc.
6.00%⁽²⁾	09/15/33	121,000		115,053

Engineering & Construction — 0.1%
Heathrow Funding Ltd. (United Kingdom)
4.38%⁽⁷⁾	06/11/39	EUR 100,000		113,594
Sydney Airport Finance Co. Pty. Ltd. (Australia)
5.90%⁽⁷⁾	04/19/34	AUD 60,000		41,900

				155,494

Entertainment — 0.4%
Caesars Entertainment, Inc.
4.63%⁽²⁾	10/15/29	92,000		87,647
6.50%⁽²⁾	02/15/32	113,000		108,234
Flutter Treasury DAC (Ireland)
5.00%⁽²⁾	04/29/29	EUR 190,000		223,334
Great Canadian Gaming Corp./Raptor LLC (Canada)
8.75%⁽²⁾	11/15/29	75,000		75,759
Light & Wonder International, Inc.
6.25%⁽²⁾	10/01/33	116,000		114,088

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
Rivers Enterprise Borrower LLC
6.25%⁽²⁾		10/15/30	$ 209,000	$	210,141
Voyager Parent LLC
9.25%⁽²⁾		07/01/32	79,000		84,009

					903,212

Environmental Control — 0.1%
Luna 2 5 SARL (Luxemburg)
5.50%⁽⁷⁾		07/01/32	EUR 100,000		116,190
Seche Environnement SACA (France)
5.87% (5 yr. EURIBOR ICE Swap + 3.707%)^(1),(7),(8)		01/09/31	EUR 100,000		114,449

					230,639

Food — 0.5%
General Mills, Inc.
5.25% (5 yr. EURIBOR ICE Swap + 2.390%)⁽¹⁾		07/16/56	EUR 100,000		112,861
JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings
6.75%		03/15/34	36,000		38,646
Pilgrim’s Pride Corp.
3.50%		03/01/32	510,000		459,387
Post Holdings, Inc.
6.25%⁽²⁾		10/15/34	343,000		333,650
Roquette Freres SA (France)
6.00% (5 yr. EURIBOR ICE Swap + 3.098%)^(1),(7),(8)		01/21/32	EUR 100,000		115,594

					1,060,138

Gas — 0.2%
AmeriGas Partners LP/AmeriGas Finance Corp.
9.50%⁽²⁾		06/01/30	35,000		37,539
NiSource, Inc.
5.75% (5 yr. CMT + 2.035%)⁽¹⁾		07/15/56	250,000		246,440
Nortegas Energia Grupo SA (Spain)
4.13%⁽⁷⁾		01/21/33	EUR 100,000		113,319
Redexis SA (Spain)
4.38%⁽⁷⁾		05/30/31	EUR 100,000		116,483

					513,781

Health Care-Products — 0.5%
Alcon Finance Corp.
2.75%⁽²⁾		09/23/26	450,000		448,956
Medline Borrower LP
3.88%⁽²⁾		04/01/29	185,000		179,162
5.25%⁽²⁾		10/01/29	346,000		343,076
Sartorius Finance BV (Germany)
4.50%⁽⁷⁾		09/14/32	EUR 100,000		118,280
4.88%⁽⁷⁾		09/14/35	EUR 100,000		119,834
Teleflex, Inc.
5.88%⁽²⁾		01/15/32	30,000		29,822

					1,239,130

Health Care-Services — 1.5%
Baylor Scott & White Holdings
2.65%		11/15/26	1,530,000		1,517,959
Elevance Health, Inc.
5.00%		01/15/36	250,000		240,583
HCA, Inc.
2.38%		07/15/31	200,000		175,898
Horseshoe Funding Trust I
6.06%⁽²⁾		02/15/36	430,000		428,744


Issues	Maturity Date	Principal Amount	Value
IQVIA, Inc.
5.70%	05/15/28	$ 475,000	$	481,298
Kedrion SpA (Italy)
6.50%⁽²⁾	09/01/29	188,000		185,898
ModivCare, Inc.
0.00%^{(2),(9),(10),(11)}	10/01/29	877,800		13,167
Molina Healthcare, Inc.
6.50%⁽²⁾	02/15/31	28,000		28,287
Tenet Healthcare Corp.
5.50%⁽²⁾	11/15/32	339,000		334,115

				3,405,949

Housewares — 0.1%
Central Garden & Pet Co.
4.13%⁽²⁾	04/30/31	248,000		231,657
Newell Brands, Inc.
7.38%	04/01/36	40,000		40,399

				272,056

Insurance — 0.7%
Acrisure LLC/Acrisure Finance, Inc.
8.25%⁽²⁾	02/01/29	66,000		63,324
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
7.00%⁽²⁾	01/15/31	11,000		11,180
7.38%⁽²⁾	10/01/32	19,000		19,151
Farmers Exchange Capital
7.05%⁽²⁾	07/15/28	1,245,000		1,285,127
Marsh & McLennan Cos., Inc.
4.95%	03/15/36	95,000		91,574

				1,470,356

Internet — 1.2%
Alphabet, Inc.
4.50%	05/11/45	EUR 100,000		112,451
5.65%	02/15/56	150,000		138,340
Amazon.com, Inc.
4.85%	03/16/64	EUR 165,000		181,380
5.80%	03/13/56	365,000		336,307
6.10%	07/09/56	375,000		360,116
Arches Buyer, Inc.
9.00%⁽²⁾	08/15/31	136,000		136,751
Booking Holdings, Inc.
3.88%	03/21/45	EUR 100,000		99,329
Meta Platforms, Inc.
5.63%	11/15/55	750,000		628,267
6.30%	05/15/56	279,000		256,100
Snap, Inc.
6.88%⁽²⁾	03/01/33	165,000		161,476
Sopaipilla Investor LLC
7.53%⁽²⁾	11/30/48	260,000		269,848

				2,680,365

Investment Companies — 0.1%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
9.00%	06/15/30	299,000		285,387

Lodging — 0.4%
Hyatt Hotels Corp.
5.05%	03/30/28	520,000		521,986
Las Vegas Sands Corp.
6.00%	06/14/30	335,000		341,399

				863,385

Machinery-Diversified — 0.0%
Oregon Tool Lux LP
7.88%⁽²⁾	10/15/29	3,127		555

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Media — 0.8%
CCO Holdings LLC/CCO Holdings Capital Corp.
7.00%⁽²⁾	02/01/33	$ 105,000	$	100,672
7.38%⁽²⁾	02/01/36	100,000		95,330
Charter Communications Operating LLC/Charter Communications Operating Capital
2.80%	04/01/31	620,000		543,306
3.90%	06/01/52	250,000		149,448
CSC Holdings LLC
5.75%⁽²⁾	01/15/30	59,000		12,825
11.75%⁽²⁾	01/31/29	460,000		263,989
EchoStar Corp.
10.75%	11/30/29	201,000		217,530
Midcontinent Communications
8.00%⁽²⁾	08/15/32	109,000		92,674
Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)
8.50%⁽²⁾	03/15/33	67,000		43,131
VZ Secured Financing BV (Netherlands)
5.00%⁽²⁾	01/15/32	208,000		170,772
7.50%⁽²⁾	01/15/33	119,000		106,991

				1,796,668

Mining — 0.1%
Corp. Nacional del Cobre de Chile
5.95%⁽⁷⁾	01/08/34	300,000		303,198

Miscellaneous Manufacturers — 0.1%
Dyno Nobel Ltd. (Australia)
5.40%	11/08/32	AUD 80,000		54,338
5.82%	08/08/35	AUD 90,000		60,770
Smiths Group PLC (United Kingdom)
3.63%⁽⁷⁾	11/13/33	EUR 100,000		111,454

				226,562

Oil & Gas — 0.2%
Ecopetrol SA (Colombia)
8.88%	01/13/33	190,000		205,265
Sunoco LP
5.63%⁽²⁾	07/15/34	25,000		24,216
7.88% (5 yr. CMT + 4.230%)^(1),(2),(8)	09/18/30	125,000		128,402
Transocean International Ltd.
8.75%⁽²⁾	02/15/30	151,900		157,892

				515,775

Packaging & Containers — 0.2%
Amcor U.K. Finance PLC (Australia)
3.75%	02/20/33	EUR 200,000		225,245
Ball Corp.
5.50%	09/15/33	226,000		224,775
Graphic Packaging International LLC
6.38%⁽²⁾	07/15/32	100,000		99,987

				550,007

Pharmaceuticals — 0.6%
1261229 BC Ltd.
10.00%⁽²⁾	04/15/32	304,000		310,904
Bayer U.S. Finance II LLC (Germany)
4.40%⁽²⁾	07/15/44	250,000		193,810
CVS Health Corp.
5.30%	06/01/33	472,000		470,646
Teva Pharmaceutical Finance Netherlands III BV (Israel)
6.00%	12/01/32	431,000		440,111

				1,415,471


Issues	Maturity Date	Principal Amount	Value

Pipelines — 0.4%
Energy Transfer LP
7.09% (3 mo. USD Term SOFR + 3.279%)⁽¹⁾	11/01/66	$ 347,000	$	345,314
Global Partners LP/GLP Finance Corp.
7.13%⁽²⁾	07/01/33	112,000		113,707
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.13%⁽²⁾	02/15/29	113,000		115,886
Venture Global LNG, Inc.
6.63%⁽²⁾	06/15/36	30,000		29,434
Venture Global Plaquemines LNG LLC
6.75%⁽²⁾	01/15/36	190,000		199,027

				803,368

Real Estate — 0.1%
Vonovia SE (Germany)
5.72%⁽⁷⁾	09/03/35	AUD 180,000		119,403

REIT — 1.7%
American Tower Corp.
3.60%	01/15/28	360,000		354,686
4.70%	12/15/32	350,000		339,301
Crown Castle, Inc. (REIT)
2.50%	07/15/31	333,000		292,997
CubeSmart LP
4.38%	02/15/29	423,000		418,457
Extra Space Storage LP
3.90%	04/01/29	385,000		375,598
GLP Capital LP/GLP Financing II, Inc.
5.75%	06/01/28	240,000		242,102
5.75%	11/01/37	85,000		81,552
Healthcare Realty Holdings LP
3.63%	01/15/28	211,000		207,329
Host Hotels & Resorts LP (REIT)
3.38%	12/15/29	358,000		339,431
Hudson Pacific Properties LP
3.95%	11/01/27	215,000		209,855
4.65%	04/01/29	24,000		22,623
Kilroy Realty LP (REIT)
4.25%	08/15/29	221,000		214,036
LXP Industrial Trust
6.75%	11/15/28	105,000		108,742
RHP Hotel Properties LP/RHP Finance Corp. (REIT)
7.25%⁽²⁾	07/15/28	110,000		112,149
VICI Properties LP/VICI Notes Co., Inc.
3.88%⁽²⁾	02/15/29	90,000		87,267
5.75%⁽²⁾	02/01/27	200,000		200,570
WP Carey, Inc. (REIT)
3.75%	05/10/35	EUR 130,000		142,775

				3,749,470

Retail — 0.4%
Academy Ltd.
5.88%⁽²⁾	05/15/31	105,000		104,027
BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.
9.50%⁽²⁾	07/01/32	300,000		292,329
Ferrellgas LP/Ferrellgas Finance Corp.
5.88%⁽²⁾	04/01/29	104,000		101,705
9.25%⁽²⁾	01/15/31	65,000		68,364
FirstCash, Inc.
6.13%⁽²⁾	05/01/34	20,000		19,719
Michaels Cos., Inc.
8.50%⁽²⁾	03/15/33	15,000		14,881

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Murphy Oil USA, Inc.
3.75%⁽²⁾	02/15/31	$ 123,000	$	114,481
QXO Building Products, Inc.
6.50%⁽²⁾	07/15/31	20,000		20,087
6.75%⁽²⁾	04/30/32	111,000		113,474
6.88%⁽²⁾	07/15/34	41,000		41,115
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.50%⁽²⁾	12/15/35	110,000		106,015

				996,197

Semiconductors — 0.2%
Foundry JV Holdco LLC
5.50%⁽²⁾	01/25/31	350,000		353,461
NVIDIA Corp.
5.63%	06/15/56	160,000		144,824

				498,285

Software — 0.9%
Cloud Software Group LLC
8.25%⁽²⁾	06/30/32	108,000		102,335
Fiserv, Inc.
5.25%	08/11/35	300,000		286,569
5.45%	03/15/34	135,000		131,543
5.63%	08/21/33	100,000		99,292
Open Text Corp. (Canada)
6.90%⁽²⁾	12/01/27	380,000		387,782
Open Text Holdings, Inc. (Canada)
4.13%⁽²⁾	12/01/31	50,000		44,150
Oracle Corp.
3.80%	11/15/37	80,000		60,382
3.95%	03/25/51	90,000		54,751
5.20%	09/26/35	400,000		359,360
5.70%	02/04/36	175,000		162,200
6.55%	02/04/46	20,000		17,763
6.70%	02/04/56	185,000		163,416
Paychex, Inc.
5.35%	04/15/32	105,000		105,310
TeamSystem SpA (Italy)
5.00%⁽⁷⁾	07/01/31	EUR 100,000		111,190

				2,086,043

Telecommunications — 0.8%
Altice Financing SA (Luxembourg)
9.63%⁽²⁾	07/15/27	148,000		98,615
Global Switch Finance BV (United Kingdom)
1.38%⁽⁷⁾	10/07/30	EUR 925,000		977,352
Road Michigan Property Owner I LLC
7.50%⁽²⁾	03/30/45	110,000		106,379
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
5.15%⁽²⁾	09/20/29	624,750		626,287
Stingray Compute LLC
6.00%⁽²⁾	06/15/31	21,000		20,537

				1,829,170

Transportation — 0.2%
Aurizon Network Pty. Ltd. (Australia)
2.90%⁽⁷⁾	09/02/30	AUD 310,000		195,103
Pacific National Finance Pty. Ltd. (Australia)
3.70%	09/24/29	AUD 290,000		189,242

				384,345

Trucking & Leasing — 0.1%
SMBC Aviation Capital Finance DAC (Ireland)
5.10%⁽²⁾	04/01/30	110,000		109,667


Issues	Maturity Date	Principal Amount	Value
5.30%⁽²⁾	04/03/29	$ 165,000	$	166,262

				275,929

Water — 0.3%
DWR Cymru Financing U.K. PLC
2.38%⁽⁷⁾	03/31/34	GBP 205,000		207,598
Severn Trent Utilities Finance PLC (United Kingdom)
3.88%⁽⁷⁾	08/04/37	EUR 175,000		192,516
Thames Water Super Senior Issuer PLC (United Kingdom)
9.75%⁽⁷⁾	10/10/27	GBP 45,000		63,635
Yorkshire Water Finance PLC (United Kingdom)
6.38%⁽⁷⁾	11/18/34	GBP 135,000		181,662

				645,411

Total Corporate Bonds (Cost: $49,942,525)				48,748,093

MUNICIPAL BONDS — 0.0%
New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bonds
5.15%	02/01/36	3,000		2,992
New York State Dormitory Authority, Revenue Bonds
5.50%	03/15/30	1,821		1,826

Total Municipal Bonds (Cost: $4,929)				4,818

FOREIGN GOVERNMENT BONDS — 2.1%
Angola Government International Bonds
8.75%⁽²⁾	04/14/32	115,000		117,657
Brazil Government International Bonds
6.63%	03/15/35	614,000		621,313
Colombia Government International Bonds
7.75%	11/07/36	200,000		213,980
Kuwait International Government Bonds
5.51%⁽²⁾	07/29/36	320,000		318,947
Mexico Government International Bonds
6.35%	02/09/35	550,000		553,113
New South Wales Treasury Corp.
4.75%⁽⁷⁾	02/20/37	AUD 685,000		447,002
5.25%⁽⁷⁾	02/24/38	AUD 255,000		171,647
Queensland Treasury Corp.
5.00%⁽⁷⁾	07/21/37	AUD 685,000		452,733
5.25%⁽⁷⁾	08/13/38	AUD 410,000		273,449
Republic of South Africa Government International Bonds
5.88%	04/20/32	267,000		270,687
Romania Government International Bonds
6.38%⁽⁷⁾	01/30/34	562,000		563,169
Saudi Government International Bonds
5.88%⁽²⁾	01/12/56	200,000		183,814
Treasury Corp. of Victoria
2.00%	11/20/37	AUD 305,000		147,180
Turkiye Government Bonds
36.00%	08/12/26	TRY 19,462,800		409,069

Total Foreign Government Bonds (Cost: $4,718,309)				4,743,760

U.S. TREASURY SECURITIES — 26.9%
U.S. Treasury Bonds
5.00%	05/15/56	7,022,000		6,755,932
U.S. Treasury Notes
4.13%	06/30/28	2,325,000		2,319,097
4.13%	06/30/31	563,000		555,677
4.25%	07/31/28	24,495,000		24,487,345
4.38%	07/31/31	8,350,000		8,332,060
4.38%	07/31/33	10,565,000		10,446,144
4.38%	05/15/36	8,071,000		7,861,028

Total U.S. Treasury Securities (Cost: $61,165,038)				60,757,283

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
BANK LOANS — 7.3%
Advertising — 0.1%
Advantage Sales & Marketing, Inc. 2026 First Out Term Loan
10.01% (3 mo. USD Term SOFR + 6.000%)⁽¹⁾	04/19/30	$ 165,838	$	146,801
Research Now Group, Inc. 2024 First Lien First Out Term Loan
8.90% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	07/15/28	15,357		14,601

				161,402

Aerospace & Defense — 0.1%
HDI Aerospace Intermediate Holding III Corp. Term Loan B
7.12% (6 mo. USD Term SOFR + 3.250%)⁽¹⁾	02/11/32	54,597		54,779
PMI U.S. Bidco, Inc Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/16/33	129,310		130,280
TransDigm, Inc. 2023 Term Loan J
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	02/28/31	58,336		58,478
TransDigm, Inc. 2025 Term Loan M
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/19/32	38,075		38,171

				281,708

Apparel — 0.1%
ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	12/21/28	142,217		142,607

Auto Parts & Equipment — 0.1%
Stonepeak Motion Finco LLC Term Loan B
0.00%⁽¹²⁾	06/24/33	115,000		115,210

Banks — 0.0%
Chrysaor Bidco SARL 2025 USD Term Loan B
6.76% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/30/31	99,252		99,723

Beverages — 0.1%
Arterra Wines Canada, Inc. 2020 Term Loan
7.49% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	11/24/27	106,284		106,284
Naked Juice LLC 2025 FLFO Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	01/24/29	193,587		197,338
Primo Brands Corp. 2026 Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/31/31	46,139		46,381

				350,003

Biotechnology — 0.0%
BioMarin Pharmaceutical, Inc. Term Loan B
5.43% (6 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/27/33	89,008		89,025


Issues	Maturity Date	Principal Amount	Value
Chemicals — 0.1%
Archroma Finance SARL 2026 USD Term Loan B
9.25% (6 mo. USD Term SOFR + 5.500%)⁽¹⁾	06/30/30	$ 32,105	$	29,380
Illuminate Buyer LLC 2025 Term Loan B
0.00% ⁽¹²⁾	12/31/29	115,000		114,377
Nouryon Finance BV 2026 USD Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/08/31	86,915		87,037

				230,794

Commercial Services — 0.6%
CCRR Parent, Inc. 2026 Term Loan
8.91% (3 mo. USD Term SOFR + 5.250%)⁽¹⁾	05/27/32	23,288		16,671
CHG Healthcare Services, Inc. 2026 Term Loan B
0.00% ^(12),(1)	09/29/31	115,000		115,036
DTI Holdco, Inc. 2025 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/26/29	115,334		108,951
Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/06/29	154,814		155,653
Fugue Finance BV 2026 USD Term Loan B
5.92% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	01/09/32	83,495		83,461
Kelso Industries LLC Term Loan
9.42% (3 mo. USD Term SOFR + 5.750%)⁽¹⁾	12/30/29	85,025		83,538
KUEHG Corp. 2025 Term Loan
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	06/12/30	8,519		8,070
Lernen Bidco Ltd. 2025 USD Term Loan B3
7.01% (6 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/27/31	99,252		96,771
Nuvei Corp. 2025 Repriced Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/17/31	148,872		145,476
PG Investment Co. 59 SARL 2025 Repriced Term Loan B
0.00% ⁽¹²⁾	03/26/31	115,000		114,995
Priority Holdings LLC 2025 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	08/02/32	150,000		148,641
Prometric Holdings, Inc. 2025 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	06/25/32	99,250		99,410
Secretariat Advisors LLC 2025 Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	02/28/32	51,020		49,149

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
TTF Holdings LLC 2024 Term Loan
7.38% (6 mo. USD Term SOFR + 3.750%)⁽¹⁾	07/18/31	$ 53,798	$	42,691

				1,268,513

Computers — 0.2%
McAfee LLC 2024 USD 1st Lien Term Loan B
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/01/29	69,641		63,188
NCR Atleos LLC 2025 Term Loan B
6.67% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	04/16/29	97,513		97,574
Peraton Corp. Term Loan B
7.67% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	02/01/28	50,945		46,505
Plano HoldCo, Inc. Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/02/31	98,750		77,889
Surf Holdings LLC 2025 Incremental Term Loan
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/05/27	148,813		141,240
Tempo Acquisition LLC 2025 Repriced Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	08/31/28	123,119		105,921

				532,317

Cosmetics/personal Care — 0.1%
ACP Tara Holdings, Inc. 2026 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/15/32	99,750		100,037
Perrigo Investments LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/20/29	92,287		92,287

				192,324

Distribution &wholesale — 0.1%
BCPE Empire Holdings, Inc. 2025 Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/11/30	70,126		69,425
BCPE Empire Holdings, Inc. 2026 10th Amendment Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/29/32	46,131		45,684
Gloves Buyer, Inc. 2026 Term Loan B
7.48% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	05/21/32	99,500		99,769

				214,878

Diversified Financial Services — 0.3%
Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6
5.42% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/24/30	441,129		442,199
Blackhawk Network Holdings, Inc. 2026 Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/12/29	47,190		47,091


Issues	Maturity Date	Principal Amount	Value
GC Ferry Acquisition I, Inc. Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	08/16/32	$ 102,030	$	102,186
Guggenheim Partners LLC 2024 Term Loan B
0.00%^(12),(1)	11/26/31	100,000		98,125

				689,601

Electric — 0.1%
Alpha Generation LLC Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/30/31	38,642		38,527
South Field LLC 2025 1st Lien Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/29/31	23,359		23,491
Talen Energy Supply LLC 2024-1 Incremental Term Loan
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	12/15/31	79,864		79,723

				141,741

Electrical Components & Equipment — 0.0%
Pelican Products, Inc. 2021 Term Loan
8.24% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/29/28	71,111		68,817

Electronics — 0.1%
Dwyer Instruments, Inc. 2026 Delayed Draw Term Loan
0.00%⁽¹²⁾	07/15/33	11,771		11,775
Dwyer Instruments, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	07/15/33	172,645		172,699
TCP Sunbelt Acquisition Co. 2024 Term Loan B
7.92% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	10/24/31	142,451		142,451

				326,925

Engineering & Construction — 0.0%
ITG Communications LLC Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	07/09/31	61,648		61,699
Entertainment — 0.6%
Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/24/32	99,750		98,952
Caesars Entertainment, Inc. 2022 Term Loan A
5.83% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	01/31/28	34,441		34,240
Churchill Downs, Inc. 2021 Incremental Term Loan B1
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/17/28	99,215		99,463
City Football Group Ltd. 2024 Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	07/22/30	99,241		99,228
DK Crown Holdings, Inc. 2025 Term Loan B
5.43% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/04/32	128,744		128,573

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
EOC Borrower LLC Term Loan A
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾		03/24/28	$ 4,934	$	4,945
Flutter Financing BV 2024 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾		11/30/30	86,712		86,084
Great Canadian Gaming Corp. 2024 Term Loan B
8.43% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾		11/01/29	150,000		148,781
GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾		10/31/29	29,457		29,521
PCI Gaming Authority Term Loan
0.00% ^(12),(1)		07/18/31	115,000		115,023
PENN Entertainment, Inc. 2022 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾		05/30/33	120,494		120,317
Pioneer Opco LLC Term Loan B
7.00% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾		05/16/33	55,151		55,540
Showtime Acquisition LLC 2024 1st Lien Term Loan
8.39% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾		08/16/31	63,413		63,096
TKO Worldwide Holdings LLC 2026 Term Loan B
5.41% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾		11/21/31	101,941		101,883
Voyager Parent LLC Repriced Term Loan B
7.98% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾		07/01/32	161,661		162,095

					1,347,741

Environmental Control — 0.1%
Action Environmental Group, Inc. 2023 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾		10/24/30	10,660		10,573
Heritage Environmental Services, Inc. 2026 Term Loan B
6.82% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾		04/01/33	59,276		59,646
MIP V Waste Holdings LLC 2026 Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾		08/20/32	148,502		149,430

					219,649

Food — 0.2%
BCPE North Star U.S. HoldCo 2, Inc. Term Loan
7.85% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾		06/09/28	152,038		152,552
C&S Wholesale Grocers, Inc. Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾		09/20/30	79,892		75,698


Issues	Maturity Date		Principal Amount	Value
United Natural Foods, Inc. 2026 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾		05/01/31	$ 177,641	$	179,584

					407,834

Health Care-products — 0.2%
Hologic, Inc. 2026 USD Term Loan B
5.99% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾		04/07/33	83,140		81,862
Medline Borrower LP 2026 Term Loan B
0.00% ^(12),(1)		05/30/33	115,000		114,705
Neogen Food Safety Corp. Refinancing Term Loan A
0.00% ⁽¹²⁾		04/04/30	171,923		170,204
QuidelOrtho Corp. Term Loan A
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾		08/21/30	95,780		94,522

					461,293

Health Care-services — 0.2%
ADMI Corp. 2021 Term Loan B2
7.22% (1 mo. USD Term SOFR + 3.375%)⁽¹⁾		12/23/27	99,737		93,277
Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B
8.07% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾		03/30/29	175,187		162,705
Heartland Dental LLC 2025 Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾		08/25/32	39,652		39,754
IQVIA, Inc. 2025 Incremental Term Loan B5
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾		01/02/31	117,729		118,280
ModivCare Buyer LLC Takeback Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾		12/30/32	144,756		123,525
Pediatric Associates Holding Co. LLC 2026 Term Loan B
8.67% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾		12/29/31	25,584		25,668

					563,209

Internet — 0.2%
Arches Buyer, Inc. 2021 Term Loan B
7.08% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾		12/06/27	149,686		149,779
Barracuda Networks, Inc. 2022 Term Loan
8.32% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾		08/15/29	27,861		18,830
Delivery Hero SE 2024 USD Term Loan B
8.64% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾		12/12/29	101,467		102,799
MH Sub I LLC 2023 Term Loan
7.98% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾		05/03/28	46,217		44,927

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
PUG LLC 2024 Extended Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾		03/15/30	$ 75,332	$	75,539
Red Ventures LLC 2024 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾		03/04/30	47,155		43,712
WatchGuard Technologies, Inc. Term Loan
8.98% (1 mo. USD Term SOFR + 5.250%)⁽¹⁾		07/02/29	99,227		92,579

					528,165

Lodging — 0.4%
Four Seasons Hotels Ltd. 2026 Term Loan B
0.00%⁽¹²⁾		09/16/32	282,522		283,317
Hilton Domestic Operating Co., Inc. 2023 Term Loan B4
5.47% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾		11/08/30	343,841		344,728
Station Casinos LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾		03/14/31	121,799		122,081
Wyndham Hotels & Resorts, Inc. 2024 Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾		05/24/30	99,241		99,530

					849,656

Machinery-construction & Mining — 0.2%
Tenaska Westmoreland Management LLC Term Loan B
5.87% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾		02/18/33	149,625		149,578
Terex Corp. 2025 Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾		10/08/31	99,248		99,512
WEC U.S. Holdings Ltd. 2024 Term Loan
5.65% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾		01/27/31	149,239		149,235

					398,325

Machinery-Diversified (0.1%)
LSF12 Helix Parent LLC USD Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾		02/10/33	128,062		126,849

Media — 0.5%
Charter Communications Operating LLC 2024 Term Loan B5
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾		12/15/31	882,713		851,209
Discovery Global Holdings, Inc. 2026 USD Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾		06/03/33	78,585		78,741
Virgin Media Bristol LLC 2023 USD Term Loan Y
6.97% (6 mo. USD Term SOFR + 3.175%)⁽¹⁾		03/31/31	150,000		128,812

					1,058,762


Issues	Maturity Date		Principal Amount	Value
Miscellaneous Manufacturers — 0.1%
Cleanova U.S. Holdings LLC 2025 Term Loan B
8.41% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾		06/14/32	$ 174,697	$	174,042
Office/business Equipment — 0.1%
Xerox Holdings Corp. 2023 Non-CoOp Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾		11/19/29	245,421		199,200
Packaging & Containers — 0.0%
Balcan Innovations, Inc. Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾		10/20/31	44,154		36,234
Pharmaceuticals — 0.1%
Elanco Animal Health, Inc. 2025 Term Loan B
5.40% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾		10/31/32	99,500		99,637
Jazz Financing Lux SARL 2024 1st Lien Term Loan B2
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾		05/05/28	44,786		44,958

					144,595

Pipelines — 0.1%
Colossus Acquireco LLC 2026 Term Loan B
0.00%^(12),(1)		01/31/33	111,000		110,715
ITT Holdings LLC 2026 Term Loan B
5.71% (1 mo. USD Term SOFR + 1.975%)⁽¹⁾		10/11/30	99,248		99,372
Whitewater Matterhorn Holdings LLC 2026 Term Loan B
0.00%⁽¹²⁾		06/16/32	115,000		114,240

					324,327

REIT — 1.0%
Healthpeak Properties, Inc. 2024 Term Loan A3
4.47% (3 mo. USD Term SOFR + 0.850%)⁽¹⁾		03/01/29	565,051		555,163
Healthpeak Properties, Inc. Term Loan A1
4.57% (1 mo. USD Term SOFR + 0.840%)⁽¹⁾		08/20/27	279,976		277,176
Healthpeak Properties, Inc. Term Loan A2
4.57% (1 mo. USD Term SOFR + 0.840%)⁽¹⁾		02/22/27	279,976		277,176
Invitation Homes Operating Partnership LP 2024 Term Loan
4.52% (1 mo. USD Term SOFR + 0.850%)⁽¹⁾		09/11/28	796,510		790,042
Iron Mountain, Inc. 2022 Term Loan A
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾		03/18/30	213,721		212,118
OEG Borrower LLC 2024 Term Loan B
7.17% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾		06/30/31	99,242		100,028

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Outfront Media Capital LLC 2025 Term Loan B
5.49% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/24/32	$ 150,000	$	150,312

				2,362,015

Retail — 0.4%
1011778 BC Unlimited Liability Co. 2024 Term Loan B6
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/20/30	113,974		114,141
BW Gas & Convenience Holdings LLC 2021 Term Loan B
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/31/28	99,217		99,589
Dave & Buster’s, Inc. 2024 1st Lien Term Loan B
6.94% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	11/01/31	37,283		30,238
KFC Holding Co. 2021 Term Loan B
5.53% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/15/28	79,037		79,383
Michaels Cos., Inc. 2026 Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	03/15/33	50,000		49,994
Pacific Bells LLC 2024 Repriced Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	11/13/28	250		251
Peer Holding III BV 2025 USD Term Loan B5B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	07/01/31	94,558		94,877
QXO, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	07/01/33	115,000		114,942
Raising Cane’s Restaurants LLC 2025 Term Loan A
0.00%⁽¹²⁾	11/05/30	162,631		161,818
Raising Cane’s Restaurants LLC 2025 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	11/03/32	143,030		142,744

				887,977

Software — 0.5%
Cast & Crew Payroll LLC 2021 Incremental Term Loan
7.57% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	12/29/28	121,226		42,934
Cloud Software Group, Inc. 2025 Term Loan B (2031)
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/21/31	168,183		152,929
Cloudera, Inc. 2021 Term Loan
7.58% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	10/08/28	99,481		88,352
Darktrace PLC 1st Lien Term Loan
6.99% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/09/31	146,813		135,035
Electronic Arts, Inc. Term Loan B
0.00%⁽¹²⁾	03/24/33	30,885		31,111


Issues	Maturity Date	Principal Amount	Value
Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	01/30/32	$ 13,801	$	13,333
Genius Sports Ltd. Term Loan
0.00%⁽¹²⁾	04/30/31	109,936		105,539
Planview Parent, Inc. 2024 1st Lien Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/17/27	75,605		65,290
Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/26/30	147,517		115,727
Quartz Acquireco LLC 2025 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/28/30	262,052		222,090
Renaissance Holding Corp. 2024 1st Lien Term Loan
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/05/30	83,336		64,643

				1,036,983

Telecommunications — 0.1%
GOGO Intermediate Holdings LLC Term Loan B
7.60% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	04/30/28	73,147		66,553
Zayo Group Holdings, Inc. 2025 USD Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/11/30	99,564		99,808

				166,361

Transportation — 0.1%
Genesee & Wyoming, Inc. 2024 Term Loan
0.00% ^(12),(1)	04/10/31	115,000		114,814
Kenan Advantage Group, Inc. 2024 Term Loan B4
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	01/25/29	72,578		72,805

				187,619

Total Bank Loans (Cost: $16,605,062)				16,448,123

Total Fixed Income Securities (Cost: $253,686,170)				249,221,805

CONVERTIBLE SECURITIES — 0.2%
CONVERTIBLE CORPORATE BONDS — 0.2%

Beverages — 0.1%
Davide Campari-Milano NV (Italy)
2.38%⁽⁷⁾	01/17/29	EUR 200,000		224,329


Engineering & Construction — 0.1%
Cellnex Telecom SA
0.75%⁽⁷⁾	11/20/31	EUR 100,000		106,777

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Total Convertible Corporate Bonds (Cost: $306,485)					331,106

Total Convertible Securities (Cost: $306,485)					331,106

COMMON STOCK — 0.1%

Security			Shares	Value

Health Care-Services — 0.1%
ModivCare, Inc.⁽¹³⁾			30,082	$	172,039


Total Common Stock (Cost: $195,533)					172,039

INVESTMENT COMPANIES — 1.6%
TCW Private Asset Income Fund⁽¹⁴⁾			361,835		3,614,737

Total Investment Companies (Cost: $3,617,639)					3,614,737

MONEY MARKET INVESTMENTS — 6.4%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽¹⁵⁾			915,624		915,624
TCW Central Cash Fund, 3.74%^(14),(15)			13,558,125		13,558,125

Total Money Market Investments (Cost: $14,473,749)					14,473,749

PURCHASED OPTIONS(16) (0.0%) (Cost: $51,190)					55,770


Issues	Maturity Date		Principal Amount	Value
SHORT-TERM INVESTMENT — 0.1%
Egypt Treasury Bills
0.00%⁽¹⁰⁾		11/10/26	EGP 9,925,000		182,985

Total Short-term Investment (Cost: $176,556)					182,985

Total Investments (118.8%) (Cost: $272,507,322)					268,052,191
Net Unrealized Appreciation/depreciation On Unfunded Commitments (0.0%)(17)					(46	)
Liabilities In Excess Of Other Assets (-18.8%)					(42,435,788	)

Net Assets (100.0%)				$	225,616,357

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FUTURES CONTRACTS


Number of Contracts	Type	Expiration Date		Notional Contract Value		Value			Net Unrealized Appreciation (Depreciation)

Long Futures
42	2-Year U.S. Treasury Note Futures		09/30/26		8,662,304	$	8,635,594		$	(26,710	)
29	10-Year U.S. Treasury Note Futures		09/21/26		3,208,588		3,181,391			(27,197	)
41	U.S. Long Bond Futures		09/21/26		4,493,421		4,440,813			(52,608	)
77	U.S. Ultra Long Bond Futures		09/21/26		8,645,006		8,445,938			(199,068	)
208	5-Year U.S. Treasury Note Futures		09/30/26		22,214,824		22,043,125			(171,699	)

				$	47,224,143	$	46,746,861		$	(477,282	)

Short Futures
30	10-Year Australian Bond Futures		09/15/26		(2,285,791)	$	(2,282,395	)	$	3,396
20	3-Year Australian Bond Futures		09/15/26		(1,464,985)		(1,466,327	)		(1,342	)
1	30-Year Euro-Buxl Futures		09/08/26		(124,792)		(122,026	)		2,766
12	Euro Schatz Futures		09/08/26		(1,462,569)		(1,459,265	)		3,304
19	Euro-Bobl Futures		09/08/26		(2,510,404)		(2,494,217	)		16,187
14	Euro-Bund Futures		09/08/26		(2,027,864)		(2,007,680	)		20,184
4	Long Gilt Futures		09/28/26		(470,427)		(466,268	)		4,159

				$	(10,346,832)	$	(10,298,178	)	$	48,654

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

BUY (18)
JP Morgan Chase Bank		EUR		268,880		09/11/26		308,271		309,827		1,556
JP Morgan Chase Bank		GBP		1,088,300		09/11/26		1,436,495		1,464,542		28,047
							$	1,744,766	$	1,774,369	$	29,603

SELL (19)
Citibank N.A.		AUD		458,382		09/11/26		319,712		321,730		(2,018	)
Barclays Capital		AUD		121,411		09/11/26		84,979		85,216		(237	)
Goldman Sachs & Co.		AUD		3,466,790		09/11/26		2,386,788		2,433,276		(46,488	)
JP Morgan Chase Bank		EUR		99,458		09/11/26		113,721		114,604		(883	)
Citibank N.A.		EUR		5,675,649		09/11/26		6,482,641		6,539,953		(57,312	)
Goldman Sachs & Co.		GBP		337,819		09/11/26		445,858		454,608		(8,750	)
Citibank N.A.		GBP		1,598,201		09/11/26		2,108,746		2,150,722		(41,976	)
JP Morgan Chase Bank		GBP		32,406		09/11/26		43,536		43,609		(73	)
							$	11,985,981	$	12,143,718	$	(157,737	)

SWAPTIONS


Description	Counterparty	Exercise Price	Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation (Depreciation)

Purchased Swaptions — OTC

2-Year Interest Rate Swap	Bank Of America NA	4.31	9/8/26		11,270,000			11,270,000			12,887			22,202			(9,315	)

2-Year Interest Rate Swap	Bank Of America NA	4.24	10/6/26		11,860,000			11,860,000			30,768			17,623			13,145

5-Year Interest Rate Swap	Citibank N.A.	4.36	10/30/26		2,550,000			2,550,000			12,115			11,365			750
Total Swaptions										$	55,770		$	51,190		$	4,580

Written Swaptions — OTC

2-Year Interest Rate Swap	Barclays Capital	4.94	10/26/26		(9,040,000	)		(9,040,000	)		(10,841	)		(15,956	)		5,115

2-Year Interest Rate Swap	Barclays Capital	3.94	10/26/26		(9,040,000	)		(9,040,000	)		(9,981	)		(7,226	)		(2,755	)

TCW Core Plus Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026



2-Year Interest Rate Swap	Bank Of America NA	3.33	12/7/26	$	(22,540,000	)	(22,540,000	)	$	(14,130	)		(25,374	)		11,244
									$	(34,952	)	$	(48,556	)	$	13,604

CENTRALLY CLEARED - INTEREST RATE SWAP AGREEMENTS


Notional Amount	Expiration Date		Payment Made by Fund Frequency		Payment Made by Fund	Payment Received by Fund Frequency		Payment Received by Fund		Unrealized Appreciation (Depreciation)			Premium Paid			Value
GBP 1,023,637		06/26/28		Annual	12-Month SONIA		Annual		4.000%	$	623		$	(7,394	)	$	(6,771	)
GBP 8,280,000		06/26/28		Annual	12-Month SONIA		Annual		4.000%	$	(54,818	)	$	50		$	(54,768	)
										$	(54,195	)	$	(7,344	)	$	(61,539	)

Notes to the Schedule of Investments:

ABS	Asset-Backed Securities.

AUD	Australian Dollar.

CLO	Collateralized Loan Obligation.

CMT	Constant Maturity Treasury Index.

EUR	Euro Currency.

EURIBOR

Euro Interbank Offered Rate.

GBP	British Pound Sterling.

I/F	Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates.

I/O	Interest Only Security.

LIBOR

London Interbank Offered Rate.

PAC	Planned Amortization Class.

PIK	Payment In Kind.

REIT	Real Estate Investment Trust.

REMIC

Real Estate Mortgage Investment Conduits.

RFUCCT

Refinitiv USD IBOR Consumer Cash Fallbacks Term.

SOFR	Secured Overnight Financing Rate.

SONIA

Sterling Overnight Index Average.

STACR

Structured Agency Credit Risk.

TBA	To Be Announced.

(1)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(2)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $46,148,131 or 20.5% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(3)

Variable rate security. Interest rate disclosed is as of the most recent information available. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above.

(4)	For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(5)	This security is purchased on a when-issued, delayed-delivery or forward commitment basis.

(6)	Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered.

(7)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $7,591,893 or 3.4% of net assets.

(8)	Perpetual maturity.

(9)	Restricted security (Note 10).

(10)	Security is not accruing interest.

(11)	Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued.

(12)	This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.

(13)	Non-income producing security.

(14)	Affiliated issuer.

(15)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(16)	See options table for description of purchased options.

(17)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.

(18)	Fund buys foreign currency, sells USD.

(19)	Fund sells foreign currency, buys USD.

TCW Core Plus Bond ETF


Fair Valuation Summary (Unaudited)		July 31, 2026

The following is a summary of the fair valuations according to the inputs used as of July 31, 2026 in valuing the Fund’s investments:



Description	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total

Fixed Income Securities

Residential Mortgage-Backed Securities — Agency	$	—		$	77,434,684		$	—	$	77,434,684

U.S. Treasury Securities		—			60,757,283			—		60,757,283

Corporate Bonds		—			48,748,093			—		48,748,093

Residential Mortgage-Backed Securities — Non-Agency		—			19,000,232			—		19,000,232

Bank Loans		—			16,448,123			—		16,448,123

Asset-Backed Securities		—			12,637,552			1,478,311		14,115,863

Commercial Mortgage-Backed Securities — Non-Agency		—			7,968,949			—		7,968,949

Foreign Government Bonds		—			4,743,760			—		4,743,760

Municipal Bonds		—			4,818			—		4,818

Total Fixed Income Securities		—			247,743,494			1,478,311		249,221,805

Convertible Securities

Convertible Corporate Bonds		—			331,106			—		331,106

Equity Securities

Money Market Investments		14,473,749			—			—		14,473,749

Investment Companies		—			3,614,737			—		3,614,737

Common Stock		—			172,039			—		172,039

Total Equity Securities		14,473,749			3,786,776			—		18,260,525

Short-Term Investments

Short-Term Investment		—			182,985			—		182,985

Swaptions

Purchased Swaptions — OTC		—			55,770			—		55,770

Net Unrealized Appreciation (Depreciation) on Unfunded Commitments		—			(46	)		—		(46	)

Total Investments	$	14,473,749		$	252,100,085		$	1,478,311	$	268,052,145

Asset Derivatives

Forward Currency Contracts

Foreign Currency Risk		—			29,603			—		29,603

Futures Contracts

Interest Rate Risk		49,996			—			—		49,996

Total	$	14,523,745		$	251,946,749		$	1,478,311	$	267,948,805



Liability Derivatives

Futures Contracts

Interest Rate Risk	$	(478,624	)	$	—		$	—	$	(478,624	)

Forward Currency Contracts

Foreign Currency Risk		—			(157,737	)		—		(157,737	)

Written Swaptions

Interest Rate Risk		—			(34,952	)		—		(34,952	)

Swap Agreements

Interest Rate Risk		—			(61,539	)		—		(61,539	)

Total	$	(478,624	)	$	(254,228	)	$	—	$	(732,852	)

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
FIXED INCOME SECURITIES — 97.6% of Net Assets

ASSET-BACKED SECURITIES — 0.1% (Cost: $30,593)
Skyline Aviation, Inc. Class A
3.23%⁽¹⁾		07/03/38	$ 30,593	$	28,924
COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%
Government National Mortgage Association Series 2009-111, Class IO (I/O)
0.00%⁽²⁾		09/16/51	378,432		2,795
Government National Mortgage Association Series 2012-144, Class IO (I/O)
0.35%⁽³⁾		01/16/53	98,827		1,129

Total Commercial Mortgage-Backed Securities — Agency (Cost: $14,849)					3,924


COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 0.0% (Cost: $12,946)
COMM Mortgage Trust Series 2014-UBS5, Class XA (I/O)
0.53%⁽³⁾		09/10/47	24,111		—
CORPORATE BONDS — 85.2%

Aerospace & Defense — 2.4%
Boeing Co.
5.81%		05/01/50	105,000		99,179
5.93%		05/01/60	12,000		11,190
6.53%		05/01/34	58,000		62,120
HEICO Corp.
5.40%		08/01/36	85,000		84,204
Honeywell Aerospace, Inc.
4.95%⁽⁴⁾		03/16/36	185,000		178,427
Lockheed Martin Corp.
4.80%		08/15/34	235,000		230,006
5.20%		02/15/55	5,000		4,468
Northrop Grumman Corp.
5.15%		05/01/40	5,000		4,765
5.20%		06/01/54	140,000		124,074
RTX Corp.
6.40%		03/15/54	160,000		167,338

					965,771


Agriculture — 0.7%
Altria Group, Inc.
3.70%		02/04/51	5,000		3,323
4.88%		02/04/28	45,000		45,166
BAT Capital Corp. (United Kingdom)
4.39%		08/15/37	230,000		205,678
Imperial Brands Finance PLC (United Kingdom)
4.50%⁽⁴⁾		06/30/28	30,000		29,866

					284,033


Airlines — 0.5%
Delta Air Lines Pass-Through Trust Series 2020-1, Class AA
2.00%		12/10/29	16,031		15,474
JetBlue Pass-Through Trust Series 2019-1, Class AA
2.75%		11/15/33	38,235		33,539
JetBlue Pass-Through Trust Series 2020-1, Class A
4.00%		05/15/34	19,203		18,064
United Airlines Pass-Through Trust Series 2016-2, Class AA
2.88%		04/07/30	5,808		5,591
United Airlines Pass-Through Trust Series 2023-1, Class A
5.80%		07/15/37	119,918		122,579

					195,247


Auto Manufacturers — 0.2%
Volkswagen Group of America Finance LLC (Germany)
5.65%⁽⁴⁾		03/25/32	17,000		17,082


Issues	Maturity Date		Principal Amount	Value
5.80%⁽⁴⁾		03/27/35	$ 65,000	$	64,305

					81,387


Banks — 15.4%
Bank of America Corp.
1.92% (1 day USD SOFR + 1.370%)⁽⁵⁾		10/24/31	30,000		26,439
2.09% (1 day USD SOFR + 1.060%)⁽⁵⁾		06/14/29	55,000		52,417
2.69% (1 day USD SOFR + 1.320%)⁽⁵⁾		04/22/32	680,000		610,116
5.47% (1 day USD SOFR + 1.650%)⁽⁵⁾		01/23/35	390,000		391,314
Bank of New York Mellon Corp.
5.83% (1 day USD SOFR Index + 2.074%)⁽⁵⁾		10/25/33	235,000		243,942
Citibank NA
4.85% (1 day USD SOFR + 0.910%)⁽⁵⁾		06/18/32	270,000		266,760
Citigroup, Inc.
2.57% (1 day USD SOFR + 2.107%)⁽⁵⁾		06/03/31	50,000		45,657
2.98% (1 day USD SOFR + 1.422%)⁽⁵⁾		11/05/30	1,000		939
5.33% (1 day USD SOFR + 1.465%)⁽⁵⁾		03/27/36	285,000		281,016
Goldman Sachs Group, Inc.
1.99% (1 day USD SOFR + 1.090%)⁽⁵⁾		01/27/32	535,000		466,440
2.60%		02/07/30	80,000		73,901
5.02% (1 day USD SOFR + 1.420%)⁽⁵⁾		10/23/35	275,000		264,756
5.09% (1 day USD SOFR + 1.340%)⁽⁵⁾		04/20/34	100,000		97,851
HSBC Holdings PLC (United Kingdom)
2.80% (1 day USD SOFR + 1.187%)⁽⁵⁾		05/24/32	70,000		62,622
JPMorgan Chase & Co.
1.95% (1 day USD SOFR + 1.065%)⁽⁵⁾		02/04/32	95,000		83,064
2.55% (1 day USD SOFR + 1.180%)⁽⁵⁾		11/08/32	600,000		527,736
2.58% (3 mo. USD Term SOFR + 1.250%)⁽⁵⁾		04/22/32	125,000		111,708
2.96% (1 day USD SOFR + 1.260%)⁽⁵⁾		01/25/33	400,000		357,692
3.90% (3 mo. USD Term SOFR + 1.482%)⁽⁵⁾		01/23/49	98,000		72,893
Morgan Stanley
1.93% (1 day USD SOFR + 1.020%)⁽⁵⁾		04/28/32	240,000		206,911
2.24% (1 day USD SOFR + 1.178%)⁽⁵⁾		07/21/32	305,000		265,057
5.59% (1 day USD SOFR + 1.418%)⁽⁵⁾		01/18/36	380,000		380,034
5.83% (1 day USD SOFR + 1.580%)⁽⁵⁾		04/19/35	100,000		101,891
Morgan Stanley Private Bank NA
4.20% (1 day USD SOFR + 0.780%)⁽⁵⁾		11/17/28	15,000		14,911
4.47% (1 day USD SOFR + 0.770%)⁽⁵⁾		07/06/28	5,000		4,991
PNC Financial Services Group, Inc.

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
5.22% (1 day USD SOFR + 1.072%)⁽⁵⁾		01/29/31	$ 105,000	$	105,808
5.68% (1 day USD SOFR + 1.902%)⁽⁵⁾		01/22/35	70,000		70,811
6.88% (1 day USD SOFR + 2.284%)⁽⁵⁾		10/20/34	35,000		37,965
U.S. Bancorp
4.84% (1 day USD SOFR + 1.600%)⁽⁵⁾		02/01/34	140,000		135,765
5.42% (1 day USD SOFR + 1.411%)⁽⁵⁾		02/12/36	35,000		34,943
Wells Fargo & Co.
2.39% (1 day USD SOFR + 2.100%)⁽⁵⁾		06/02/28	30,000		29,463
3.35% (1 day USD SOFR + 1.500%)⁽⁵⁾		03/02/33	560,000		509,370
4.90% (1 day USD SOFR + 2.100%)⁽⁵⁾		07/25/33	140,000		137,540
5.50% (1 day USD SOFR + 1.780%)⁽⁵⁾		01/23/35	220,000		220,482

					6,293,205


Beverages — 2.3%
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. (Belgium)
4.90%		02/01/46	355,000		310,558
Bacardi Ltd.
4.70%⁽⁴⁾		05/15/28	50,000		49,786
5.30%⁽⁴⁾		05/15/48	25,000		21,640
Becle SAB de CV (Mexico)
2.50%⁽⁴⁾		10/14/31	90,000		76,705
Coca-Cola Co.
4.65%		08/14/34	170,000		167,566
Constellation Brands, Inc.
2.25%		08/01/31	120,000		105,004
Diageo Investment Corp. (United Kingdom)
5.63%		04/15/35	200,000		203,188
JDE Peet’s NV (Netherlands)
2.25%⁽⁴⁾		09/24/31	25,000		21,548

					955,995


Biotechnology — 1.5%
Amgen, Inc.
4.40%		05/01/45	5,000		4,069
4.88%		03/01/53	10,000		8,340
5.65%		03/02/53	195,000		181,465
5.75%		03/02/63	10,000		9,231
Biogen, Inc.
5.75%		05/15/35	65,000		66,489
Gilead Sciences, Inc.
2.60%		10/01/40	80,000		56,502
5.10%		06/15/35	190,000		187,973
Illumina, Inc.
2.55%		03/23/31	20,000		17,908
Royalty Pharma PLC
1.75%		09/02/27	95,000		92,169

					624,146


Chemicals — 0.4%
Ecolab, Inc.
5.35%		06/15/36	100,000		99,808
International Flavors & Fragrances, Inc.
5.00%		09/26/48	40,000		33,823
LYB International Finance III LLC
4.20%		05/01/50	50,000		35,180


Issues	Maturity Date		Principal Amount	Value
Solvay Finance America LLC (Belgium)
5.85%⁽⁴⁾		06/04/34	$ 10,000	$	10,080

					178,891


Commercial Services — 1.0%
Dalrymple Bay Finance Pty. Ltd. (Australia)
6.23%		03/24/31	AUD 50,000		35,666
Global Payments, Inc.
4.45%		06/01/28	30,000		29,714
5.30%		08/15/29	75,000		75,112
RELX Capital, Inc. (United Kingdom)
4.00%		03/18/29	10,000		9,813
Rentokil Terminix Funding PLC (United Kingdom)
4.63%⁽⁴⁾		04/23/31	100,000		97,248
Rollins, Inc.
5.25%		02/24/35	105,000		102,602
Transurban Queensland Finance Pty. Ltd. (Australia)
6.43%		06/05/36	AUD 30,000		21,136
WestConnex Finance Co. Pty. Ltd. (Australia)
6.41%		04/30/36	AUD 30,000		21,188

					392,479


Computers — 1.5%
Apple, Inc.
2.65%		02/08/51	230,000		132,080
Dell International LLC/EMC Corp.
4.50%		02/15/31	120,000		117,055
5.00%		04/01/30	105,000		105,036
Gartner, Inc.
4.95%		03/20/31	100,000		96,819
International Business Machines Corp.
5.20%		02/10/35	155,000		150,991

					601,981


Cosmetics/Personal Care — 0.2%
Kenvue, Inc.
4.90%		03/22/33	70,000		69,187


Diversified Financial Services — 2.0%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
3.30%		01/30/32	143,000		129,319
3.88%		01/23/28	4,000		3,950
American Express Co.
4.92% (1 day USD SOFR + 1.220%)⁽⁵⁾		07/20/33	65,000		64,103
6.49% (1 day USD SOFR + 1.940%)⁽⁵⁾		10/30/31	90,000		95,148
Avolon Holdings Funding Ltd. (Ireland)
2.53%⁽⁴⁾		11/18/27	2,000		1,943
2.75%⁽⁴⁾		02/21/28	10,000		9,687
Blackrock, Inc.
3.75%		07/18/35	EUR 100,000		114,264
Capital One Financial Corp.
3.27% (1 day USD SOFR + 1.790%)⁽⁵⁾		03/01/30	10,000		9,591
6.70%		11/29/32	10,000		10,730
LSEG U.S. Fin Corp.
5.25%⁽⁴⁾		03/23/36	130,000		126,637
LSEGA Financing PLC (United Kingdom)
2.00%⁽⁴⁾		04/06/28	20,000		19,153
Mastercard, Inc.
4.55%		01/15/35	140,000		134,000
Raymond James Financial, Inc.
3.75%		04/01/51	110,000		76,188

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
Sumisho Air Lease Corp.
3.63%		12/01/27	$ 34,000	$	33,504

					828,217


Electric — 8.5%
AEP Transmission Co. LLC
2.75%		08/15/51	240,000		138,072
3.65%		04/01/50	5,000		3,480
Alabama Power Co.
5.10%		04/02/35	225,000		221,821
5.50%		03/15/41	9,000		8,768
Alliant Energy Corp.
5.75% (5 yr. CMT + 2.077%)⁽⁵⁾		04/01/56	95,000		93,231
American Electric Power Co., Inc.
5.80% (5 yr. CMT + 2.128%)⁽⁵⁾		03/15/56	95,000		93,325
Arizona Public Service Co.
3.35%		05/15/50	15,000		9,672
6.35%		12/15/32	110,000		115,961
Ausgrid Finance Pty. Ltd. (Australia)
5.95%⁽⁶⁾		12/10/35	AUD 60,000		41,320
Baltimore Gas & Electric Co.
2.90%		06/15/50	98,000		58,489
Black Hills Corp.
4.35%		05/01/33	15,000		14,041
CenterPoint Energy Houston Electric LLC
5.15%		03/01/34	130,000		128,886
CenterPoint Energy, Inc.
5.95% (5 yr. CMT + 2.223%)⁽⁵⁾		04/01/56	70,000		69,362
6.40% (5 yr. CMT + 1.885%)⁽⁵⁾		08/15/58	50,000		49,983
Cleco Power LLC
5.30%⁽⁴⁾		01/15/36	105,000		102,662
Commonwealth Edison Co.
6.45%		01/15/38	5,000		5,366
Consolidated Edison Co. of New York, Inc.
3.88%		06/15/47	35,000		25,599
6.15%		11/15/52	30,000		29,868
Dominion Energy, Inc.
6.20% (5 yr. CMT + 2.006%)⁽⁵⁾		02/15/56	80,000		78,918
Duke Energy Carolinas LLC
3.75%		06/01/45	70,000		51,796
3.88%		03/15/46	195,000		145,659
4.25%		12/15/41	50,000		41,999
Duke Energy Progress LLC
5.05%		03/15/35	280,000		273,829
Electricite de France SA
2.00%⁽⁶⁾		12/09/49	EUR 100,000		67,271
EnBW International Finance BV (Germany)
6.05%⁽⁶⁾		10/30/34	AUD 90,000		62,891
Entergy Corp.
6.10% (5 yr. CMT + 2.013%)⁽⁵⁾		06/15/56	55,000		54,092
Evergy Kansas Central, Inc.
5.70%		03/15/53	10,000		9,535
FirstEnergy Transmission LLC
5.45%⁽⁴⁾		07/15/44	120,000		109,650
Florida Power & Light Co.
5.30%		06/15/34	320,000		320,704
5.60%		06/15/54	140,000		130,934
International Transmission Co.
4.63%		08/15/43	105,000		88,874


Issues	Maturity Date		Principal Amount	Value
Interstate Power & Light Co.
2.30%		06/01/30	$ 30,000	$	27,278
MidAmerican Energy Co.
4.25%		05/01/46	75,000		59,432
5.85%		09/15/54	55,000		53,004
Narragansett Electric Co.
3.40%⁽⁴⁾		04/09/30	10,000		9,490
Network Finance Co. Pty. Ltd. (Australia)
2.41%		10/03/29	AUD 100,000		63,487
NSW Electricity Networks Finance Pty. Ltd. (Australia)
2.54%⁽⁶⁾		09/23/30	AUD 100,000		62,255
Oncor Electric Delivery Co. LLC
4.60%		06/01/52	50,000		39,935
5.35%		04/01/35	85,000		84,818
PacifiCorp
4.13%		01/15/49	40,000		28,948
Powerco Ltd. (New Zealand)
6.43%		04/28/36	AUD 30,000		21,238
Public Service Co. of Oklahoma
5.45%		01/15/36	115,000		113,558
Southern Co.
6.00% (5 yr. CMT + 1.993%)⁽⁵⁾		04/01/58	90,000		89,303
Tucson Electric Power Co.
3.25%		05/01/51	10,000		6,415
Virginia Electric & Power Co.
2.45%		12/15/50	102,000		54,861
3.80%		09/15/47	10,000		7,242
Vistra Operations Co. LLC
5.70%⁽⁴⁾		12/30/34	75,000		74,113
Xcel Energy, Inc.
4.80%		09/15/41	35,000		30,500

					3,471,935


Electronics — 1.0%
Amphenol Corp.
4.63%		02/15/36	225,000		212,166
Fortive Corp.
5.25%		05/15/36	70,000		68,116
Hubbell, Inc.
4.80%		11/15/35	130,000		123,554

					403,836


Engineering & Construction — 0.1%
Sydney Airport Finance Co. Pty. Ltd. (Australia)
5.90%⁽⁶⁾		04/19/34	AUD 40,000		27,933


Entertainment — 0.1%
Flutter Treasury DAC (Ireland)
5.88%⁽⁴⁾		06/04/31	65,000		64,344


Environmental Control — 0.2%
Waste Management, Inc.
4.95%		03/15/35	75,000		73,535


Food — 0.9%
JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL
5.75%		04/01/33	140,000		142,077
Kraft Heinz Foods Co.
4.63%		10/01/39	10,000		8,660
Pilgrim’s Pride Corp.
3.50%		03/01/32	180,000		162,137
Smithfield Foods, Inc.
2.63%⁽⁴⁾		09/13/31	75,000		65,787

					378,661

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value

Gas — 1.3%
Boston Gas Co.
3.76%⁽⁴⁾		03/16/32	$ 180,000	$	166,709
KeySpan Gas East Corp.
3.59%⁽⁴⁾		01/18/52	25,000		16,009
5.82%⁽⁴⁾		04/01/41	40,000		38,520
NiSource, Inc.
5.40%		06/30/33	140,000		141,105
5.75% (5 yr. CMT + 2.035%)⁽⁵⁾		07/15/56	70,000		69,003
Northwest Natural Holding Co.
7.00% (5 yr. CMT + 2.701%)⁽⁵⁾		09/15/55	60,000		60,941
Southern Co. Gas Capital Corp.
4.40%		06/01/43	10,000		8,239
5.88%		03/15/41	15,000		15,001

					515,527


Health Care-Products — 3.3%
Abbott Laboratories
4.65%		03/15/36	410,000		389,578
Alcon Finance Corp.
2.60%⁽⁴⁾		05/27/30	140,000		128,839
Augusta SpinCo Corp.
5.25%		03/23/36	55,000		54,032
Baxter International, Inc.
3.95%		04/01/30	110,000		105,328
GE HealthCare Technologies, Inc.
5.86%		03/15/30	175,000		179,867
Medline Borrower LP
3.88%⁽⁴⁾		04/01/29	160,000		154,951
Revvity, Inc.
2.55%		03/15/31	25,000		22,362
Smith & Nephew PLC (United Kingdom)
2.03%		10/14/30	30,000		26,529
STERIS Irish FinCo UnLtd Co.
2.70%		03/15/31	15,000		13,512
Thermo Fisher Scientific, Inc.
4.90%		02/12/36	25,000		24,175
5.09%		08/10/33	170,000		169,546
VSP Optical Group, Inc.
5.45%⁽⁴⁾		12/01/35	75,000		73,744

					1,342,463


Health Care-Services — 3.9%
Children’s Hospital Medical Center
2.82%		11/15/50	20,000		12,114
Cigna Group
5.25%		01/15/36	220,000		215,820
5.40%		03/15/33	85,000		85,845
Elevance Health, Inc.
5.00%		01/15/36	195,000		187,654
5.20%		02/15/35	120,000		118,036
HCA, Inc.
3.50%		07/15/51	100,000		63,814
5.25%		06/15/49	40,000		34,232
Health Care Service Corp. A Mutual Legal Reserve Co.
5.45%⁽⁴⁾		06/15/34	70,000		69,302
Humana, Inc.
5.38%		04/15/31	160,000		160,727
IQVIA, Inc.
6.25%		02/01/29	10,000		10,278
UnitedHealth Group, Inc.
3.70%		08/15/49	10,000		7,027
4.25%		04/15/47	15,000		11,750
5.15%		07/15/34	395,000		391,852


Issues	Maturity Date		Principal Amount	Value
5.63%		07/15/54	$ 180,000	$	167,634
Universal Health Services, Inc.
1.65%		09/01/26	40,000		39,932
West Virginia United Health System Obligated Group
3.13%		06/01/50	35,000		21,470

					1,597,487


Household Products/Wares — 0.4%
Clorox Co.
5.25%		05/15/36	180,000		175,469


Insurance — 4.6%
Allstate Corp.
3.85%		08/10/49	20,000		14,397
Aon Corp./Aon Global Holdings PLC
3.90%		02/28/52	115,000		80,661
Arthur J Gallagher & Co.
3.05%		03/09/52	15,000		8,899
6.50%		02/15/34	85,000		90,088
Brown & Brown, Inc.
4.20%		03/17/32	100,000		93,952
Farmers Exchange Capital II
6.15% (3 mo. USD Term SOFR + 4.006%)^(4),(5)		11/01/53	170,000		166,700
Farmers Exchange Capital III
5.45% (3 mo. USD Term SOFR + 3.716%)^(4),(5)		10/15/54	50,000		46,500
Farmers Insurance Exchange
4.75% (3 mo. USD LIBOR + 3.231%)^(4),(5)		11/01/57	35,000		30,058
Guardian Life Insurance Co. of America
3.70%⁽⁴⁾		01/22/70	45,000		28,060
Marsh & McLennan Cos., Inc.
4.95%		03/15/36	255,000		245,805
Mercury General Corp.
6.25%		06/15/36	80,000		79,658
Metropolitan Life Global Funding I
3.30%⁽⁴⁾		03/21/29	230,000		221,764
MMI Capital Trust I
7.63%		12/15/27	25,000		25,922
New York Life Global Funding
4.55%⁽⁴⁾		01/28/33	340,000		328,008
5.00%⁽⁴⁾		01/09/34	125,000		122,691
NLG Global Funding
4.35%⁽⁴⁾		09/15/30	40,000		38,919
Pacific Life Global Funding II
5.69%⁽⁶⁾		04/22/31	AUD 100,000		70,780
Teachers Insurance & Annuity Association of America
3.30%⁽⁴⁾		05/15/50	200,000		127,654
Willis North America, Inc.
5.35%		05/15/33	70,000		69,898

					1,890,414


Internet — 4.5%
Airbnb, Inc.
5.25%		03/16/36	85,000		82,866
Alphabet, Inc.
3.00%		05/06/33	EUR 100,000		110,719
4.70%		11/15/35	85,000		80,969
4.80%		02/15/36	95,000		90,781
5.25%		05/15/55	135,000		117,196
5.65%		02/15/56	20,000		18,445
Amazon.com, Inc.

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
3.95%		04/13/52	$ 135,000	$	94,608
5.30%		07/09/36	15,000		14,739
5.45%		11/20/55	145,000		127,339
5.80%		03/13/56	190,000		175,064
6.10%		07/09/56	20,000		19,206
AppLovin Corp.
5.50%		12/01/34	135,000		132,990
Expedia Group, Inc.
5.50%		04/15/36	100,000		97,060
Meta Platforms, Inc.
4.88%		11/15/35	75,000		70,353
5.25%		05/15/36	85,000		81,528
5.40%		08/15/54	70,000		56,883
5.60%		05/15/53	90,000		75,308
5.63%		11/15/55	115,000		96,334
6.30%		05/15/56	102,000		93,628
Sopaipilla Investor LLC
7.53%⁽⁴⁾		11/30/48	80,000		83,030
Uber Technologies, Inc.
4.80%		09/15/34	130,000		124,641

					1,843,687


Leisure Time — 0.3%
Royal Caribbean Cruises Ltd.
5.38%		01/15/36	135,000		130,775


Lodging — 0.4%
Choice Hotels International, Inc.
5.85%		08/01/34	40,000		39,906
Hyatt Hotels Corp.
5.05%		03/30/28	50,000		50,191
5.50%		06/30/34	10,000		9,970
Las Vegas Sands Corp.
6.00%		06/14/30	65,000		66,241

					166,308


Machinery-Construction & Mining — 0.3%
GE Vernova, Inc.
4.88%		02/04/36	140,000		134,586


Media — 1.6%
Charter Communications Operating LLC/Charter Communications Operating Capital
3.90%		06/01/52	235,000		140,481
4.80%		03/01/50	30,000		20,998
5.38%		05/01/47	37,000		28,065
Comcast Corp.
3.97%		11/01/47	135,000		91,526
4.00%		11/01/49	90,000		60,119
4.40%		08/15/35	130,000		117,413
Cox Communications, Inc.
2.60%⁽⁴⁾		06/15/31	85,000		73,980
Fox Corp.
6.50%		10/13/33	40,000		42,000
Time Warner Cable LLC
5.50%		09/01/41	98,000		81,016

					655,598


Miscellaneous Manufacturers — 0.7%
Dyno Nobel Ltd. (Australia)
5.40%		11/08/32	AUD 60,000		40,753
Eaton Corp.
4.50%		03/06/33	250,000		241,415

					282,168


Issues	Maturity Date		Principal Amount	Value

Office/Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
3.28%		12/01/28	$ 25,000	$	24,009


Oil & Gas — 0.2%
Aker BP ASA (Norway)
3.10%⁽⁴⁾		07/15/31	105,000		95,172


Packaging & Containers — 0.8%
Amcor Finance USA, Inc.
5.63%		05/26/33	145,000		146,794
Amcor Flexibles North America, Inc.
2.63%		06/19/30	5,000		4,591
AptarGroup, Inc.
4.75%		03/30/31	95,000		93,432
CCL Industries, Inc. (Canada)
3.05%⁽⁴⁾		06/01/30	25,000		23,222
Smurfit Kappa Treasury ULC (Ireland)
5.44%		04/03/34	35,000		35,010
Sonoco Products Co.
3.13%		05/01/30	25,000		23,326

					326,375


Pharmaceuticals — 5.3%
AbbVie, Inc.
4.40%		11/06/42	100,000		84,709
5.20%		03/15/35	250,000		249,115
5.55%		03/15/56	75,000		70,031
Bayer U.S. Finance II LLC (Germany)
4.38%⁽⁴⁾		12/15/28	10,000		9,871
4.88%⁽⁴⁾		06/25/48	72,000		57,961
Becton Dickinson & Co.
4.30%		08/22/32	50,000		47,932
Bristol-Myers Squibb Co.
5.20%		02/22/34	120,000		120,466
CVS Health Corp.
5.05%		03/25/48	233,000		197,029
5.30%		06/01/33	178,000		177,489
Elanco Animal Health, Inc.
6.40%		08/28/28	5,000		5,118
Eli Lilly & Co.
4.90%		10/15/35	250,000		244,608
EMD Finance LLC (Germany)
5.00%⁽⁴⁾		10/15/35	80,000		77,119
Johnson & Johnson
3.40%		01/15/38	125,000		106,163
Merck & Co., Inc.
4.75%		12/04/35	145,000		139,275
5.00%		05/17/53	120,000		103,849
Novartis Capital Corp.
4.90%		03/18/36	285,000		277,000
Pfizer Investment Enterprises Pte. Ltd.
4.75%		05/19/33	95,000		92,751
Takeda Pharmaceutical Co. Ltd. (Japan)
5.30%		07/05/34	85,000		84,484
Teva Pharmaceutical Finance Netherlands IV BV (Israel)
5.75%		12/01/30	40,000		40,555

					2,185,525


Pipelines — 1.7%
Columbia Pipelines Operating Co. LLC
6.04%⁽⁴⁾		11/15/33	135,000		139,405
Energy Transfer LP
5.00%		05/15/50	195,000		157,942
6.13%		12/15/45	7,000		6,720

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
Kinder Morgan Energy Partners LP
6.95%		01/15/38	$ 5,000	$	5,463
Kinder Morgan, Inc.
7.80%		08/01/31	5,000		5,609
NGPL PipeCo LLC
3.25%⁽⁴⁾		07/15/31	50,000		45,701
Pipeline Funding Co. LLC
7.50%⁽⁴⁾		01/15/30	22,410		22,572
Sabine Pass Liquefaction LLC
4.20%		03/15/28	103,000		102,257
Southern Natural Gas Co. LLC
4.80%⁽⁴⁾		03/15/47	40,000		33,556
TransCanada PipeLines Ltd. (Canada)
4.63%		03/01/34	110,000		104,513
Williams Cos., Inc.
3.50%		10/15/51	115,000		75,624

					699,362


Real Estate — 0.1%
Vonovia SE (Germany)
5.72%⁽⁶⁾		09/03/35	AUD 40,000		26,534


REIT — 3.9%
American Assets Trust LP
3.38%		02/01/31	45,000		40,818
American Homes 4 Rent LP
2.38%		07/15/31	55,000		48,239
American Tower Corp.
2.70%		04/15/31	386,000		347,855
4.70%		12/15/32	40,000		38,777
Boston Properties LP
2.55%		04/01/32	10,000		8,634
Crown Castle, Inc.
2.10%		04/01/31	125,000		108,876
3.30%		07/01/30	105,000		98,068
CubeSmart LP
4.38%		02/15/29	15,000		14,839
Digital Realty Trust LP
3.60%		07/01/29	15,000		14,486
DOC Dr. LLC
2.63%		11/01/31	10,000		8,848
Equinix, Inc.
2.50%		05/15/31	145,000		128,334
Essex Portfolio LP
2.65%		03/15/32	5,000		4,390
5.50%		04/01/34	15,000		15,004
Extra Space Storage LP
2.20%		10/15/30	25,000		22,309
GLP Capital LP/GLP Financing II, Inc.
3.25%		01/15/32	22,000		19,492
4.00%		01/15/30	55,000		52,554
5.63%		03/01/36	85,000		81,620
Healthcare Realty Holdings LP
3.63%		01/15/28	30,000		29,478
Host Hotels & Resorts LP
3.50%		09/15/30	30,000		28,134
5.70%		06/15/32	35,000		35,467
Hudson Pacific Properties LP
3.95%		11/01/27	10,000		9,761
Invitation Homes Operating Partnership LP
5.50%		08/15/33	5,000		5,016
LXP Industrial Trust
2.38%		10/01/31	15,000		13,201
2.70%		09/15/30	10,000		9,100
NNN REIT, Inc.
5.60%		10/15/33	35,000		35,369


Issues	Maturity Date		Principal Amount	Value
Phillips Edison Grocery Center Operating Partnership I LP (REIT)
4.75%		03/15/33	$ 55,000	$	52,984
Piedmont Operating Partnership LP
2.75%		04/01/32	30,000		25,551
Public Storage Operating Co. (REIT)
5.15%		08/15/36	105,000		102,295
Realty Income Corp.
5.13%		04/15/35	45,000		44,014
VICI Properties LP
5.13%		05/15/32	75,000		73,168
Weyerhaeuser Co.
3.38%		03/09/33	10,000		8,908
WP Carey, Inc.
4.65%		07/15/30	75,000		73,920

					1,599,509


Retail — 1.7%
Alimentation Couche-Tard, Inc. (Canada)
4.50%⁽⁴⁾		07/26/47	50,000		39,747
AutoNation, Inc.
3.85%		03/01/32	35,000		32,404
AutoZone, Inc.
5.13%		06/15/30	35,000		35,204
Home Depot, Inc.
4.95%		06/25/34	360,000		354,978
Lowe’s Cos., Inc.
5.75%		07/01/53	130,000		120,866
McDonald’s Corp.
4.20%		04/01/50	70,000		53,499
4.95%		03/03/35	60,000		58,543

					695,241


Semiconductors — 1.9%
Broadcom, Inc.
3.14%		11/15/35	350,000		284,627
Intel Corp.
2.00%		08/12/31	5,000		4,303
3.25%		11/15/49	115,000		70,211
3.73%		12/08/47	50,000		33,961
5.70%		02/10/53	13,000		11,545
Micron Technology, Inc.
2.70%		04/15/32	50,000		44,162
NVIDIA Corp.
4.95%		06/15/36	255,000		243,714
5.63%		06/15/56	65,000		58,835
Texas Instruments, Inc.
5.15%		02/08/54	10,000		8,849

					760,207


Software — 3.1%
Atlassian Corp.
5.50%		05/15/34	50,000		48,871
Cadence Design Systems, Inc.
4.70%		09/10/34	20,000		19,273
Constellation Software, Inc. (Canada)
5.46%⁽⁴⁾		02/16/34	125,000		120,439
Fiserv, Inc.
2.65%		06/01/30	25,000		22,803
5.25%		08/11/35	90,000		85,971
5.63%		08/21/33	35,000		34,752
Microsoft Corp.
2.92%		03/17/52	150,000		89,735
Open Text Corp. (Canada)
6.90%⁽⁴⁾		12/01/27	17,000		17,348
Oracle Corp.

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
3.60%		04/01/50	$ 40,000	$	22,942
3.95%		03/25/51	397,000		241,511
5.70%		02/04/36	80,000		74,149
6.70%		02/04/56	70,000		61,833
Paychex, Inc.
5.60%		04/15/35	125,000		124,246
Salesforce, Inc.
5.55%		03/15/36	145,000		141,391
6.55%		03/15/56	35,000		33,444
ServiceNow, Inc.
5.40%		05/15/36	90,000		87,918
Synopsys, Inc.
5.15%		04/01/35	30,000		29,135
Take-Two Interactive Software, Inc.
4.00%		04/14/32	15,000		14,153

					1,269,914


Telecommunications — 4.5%
AT&T, Inc.
3.55%		09/15/55	85,000		51,026
3.80%		12/01/57	253,000		156,686
4.50%		05/15/35	125,000		114,756
5.25%		10/30/36	120,000		114,337
Cdc Data Centres Australia Pty. Ltd.
6.87% (3 mo. AUD Bank Bill Swap + 2.400%)⁽⁵⁾		06/12/56	AUD 10,000		7,115
Cisco Systems, Inc.
5.05%		02/26/34	230,000		227,953
Road Michigan Property Owner I LLC
7.50%⁽⁴⁾		03/30/45	80,000		77,366
Sprint Capital Corp.
8.75%		03/15/32	25,000		29,097
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
5.15%⁽⁴⁾		09/20/29	194,250		194,728
T-Mobile USA, Inc.
2.55%		02/15/31	478,000		428,967
5.00%		02/15/36	100,000		94,794
5.05%		07/15/33	5,000		4,890
5.13%		05/15/32	60,000		59,674
Verizon Communications, Inc.
4.50%		08/10/33	300,000		284,487

					1,845,876


Toys/Games/Hobbies — 0.1%
Mattel, Inc.
5.00%		11/17/30	60,000		59,518


Transportation — 1.5%
Aurizon Network Pty. Ltd. (Australia)
2.90%⁽⁶⁾		09/02/30	AUD 40,000		25,175
Burlington Northern Santa Fe LLC
4.05%		06/15/48	15,000		11,431
5.50%		03/15/55	120,000		111,159
5.55%		03/15/56	45,000		41,998
Canadian National Railway Co.
4.95%		05/12/36	90,000		87,889
CSX Corp.
4.90%		03/15/55	60,000		51,180
Norfolk Southern Corp.
4.55%		06/01/53	100,000		79,624
Pacific National Finance Pty. Ltd. (Australia)
3.70%		09/24/29	AUD 90,000		58,730
Union Pacific Corp.
2.95%		03/10/52	50,000		30,161


Issues	Maturity Date		Principal Amount	Value
2.97%		09/16/62	$ 25,000	$	13,794
5.60%		12/01/54	90,000		85,220

					596,361


Water — 0.1%
Essential Utilities, Inc.
5.30%		05/01/52	50,000		43,924

Total Corporate Bonds (Cost: $35,861,238)					34,852,792

FOREIGN GOVERNMENT BONDS — 0.4%
New South Wales Treasury Corp.
4.75%⁽⁶⁾		02/20/37	AUD 100,000		65,256
Queensland Treasury Corp.
5.00%⁽⁶⁾		07/21/37	AUD 100,000		66,092
5.25%⁽⁶⁾		08/13/38	AUD 25,000		16,674
Treasury Corp. of Victoria
2.00%		11/20/37	AUD 35,000		16,889

Total Foreign Government Bonds (Cost: $161,952)					164,911


RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0% (Cost: $6,251)
Federal National Mortgage Association REMICS Series 2012-128, Class UA
2.50%		06/25/42	6,926		6,087

RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 0.0% (Cost: $12,509)
Federal National Mortgage Association REMICS Series 2011-116, Class SA (I/O) (I/F)
2.27% (-30 day USD SOFR Average + 5.886%)⁽⁵⁾		11/25/41	16,307		1,141
U.S. TREASURY SECURITIES — 11.9%
U.S. Treasury Bonds
5.00%		05/15/56	1,921,000		1,848,212
U.S. Treasury Notes
4.13%		06/30/28	242,000		241,385
4.25%		07/31/28	2,550,000		2,549,203
4.38%		05/15/36	217,000		211,355

Total U.S. Treasury Securities (Cost: $4,922,224)					4,850,155


Total Fixed Income Securities (Cost: $41,022,562)					39,907,934


Issues	Shares			Value
MONEY MARKET INVESTMENTS — 2.3%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽⁷⁾			163,314		163,314
TCW Central Cash Fund, 3.74%^(7),(8)			771,635		771,635
Total Money Market Investments (Cost: $934,949)					934,949

Total Investments (99.9%) (Cost: $41,957,511)					40,842,883

Excess Of Other Assets Over Liabilities (0.1%)					35,619
Net Assets (100.0%)				$	40,878,502

TCW Corporate Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

Futures Contracts


Number of Contracts	Type	Expiration Date	Notional		Market Value		Net Unrealized Appreciation (Depreciation)

Long Futures
69	2-Year U.S. Treasury Note Futures	09/30/26		14,230,302	$	14,187,047	$	(43,255)
1	Euro-Bobl Futures	09/08/26		132,141		131,275		(866)
1	U.S. Long Bond Futures	09/21/26		109,596		108,313		(1,283)
1	U.S. Ultra Long Bond Futures	09/21/26		112,244		109,688		(2,556)
			$	14,584,283	$	14,536,323	$	(47,960)

Short Futures
3	10-Year Australian Bond Futures	09/15/26		(228,579)	$	(228,240)	$	339
4	10-Year U.S. Treasury Note Futures	09/21/26		(442,539)		(438,813)		3,726
16	3-Year Australian Bond Futures	09/15/26		(1,172,122)		(1,173,062)		(940)
69	5-Year U.S. Treasury Note Futures	09/30/26		(7,368,242)		(7,312,383)		55,859
3	Euro-Bund Futures	09/08/26		(434,849)		(430,217)		4,632
			$	(9,646,331)	$	(9,582,715)	$	63,616

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

SELL (9)
Bank of New York		AUD		394,565		09/11/26		274,409		277,449		(3,040	)
Goldman Sachs & Co.		AUD		702,317		09/11/26		484,289		493,853		(9,564	)
Citibank N.A.		EUR		264,005		09/11/26		301,542		304,895		(3,353	)

							$	1,060,240	$	1,076,197	$	(15,957	)

Notes to the Schedule of Investments:

CMT	Constant Maturity Treasury Index.

I/F	Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates.

I/O	Interest Only Security.

LIBOR

London Interbank Offered Rate.

REIT	Real Estate Investment Trust.

REMICS

Real Estate Mortgage Investment Conduits.

SOFR	Secured Overnight Financing Rate.

AUD	Australian Dollar.

EUR	Euro Currency.

(1)	For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(2)	Security is not accruing interest.

(3)

(4)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $4,019,798 or 9.8% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(5)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(6)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $532,181 or 1.3% of net assets.

(7)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(8)	Affiliated issuer.

(9)	Fund sells foreign currency, buys USD.

TCW Corporate Bond ETF


Fair Valuation Summary (Unaudited)		July 31, 2026

The following is a summary of the fair valuations according to the inputs used as of July 31, 2026 in valuing the Fund’s investments:



Description	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total

Fixed Income Securities

Corporate Bonds	$	—		$	34,852,792	$	—	$	34,852,792

U.S. Treasury Securities		—			4,850,155		—		4,850,155

Foreign Government Bonds		—			164,911		—		164,911

Asset-Backed Securities		—			—		28,924		28,924

Residential Mortgage-Backed Securities — Agency		—			6,087		—		6,087

Commercial Mortgage-Backed Securities — Agency		—			3,924		—		3,924

Residential Mortgage-Backed Securities — Non-Agency		—			1,141		—		1,141

Commercial Mortgage-Backed Securities — Non-Agency		—			—		—		—

Total Fixed Income Securities		—			39,879,010		28,924		39,907,934

Equity Securities

Money Market Investments		934,949			—		—		934,949

Total Investments	$	934,949		$	39,879,010	$	28,924	$	40,842,883

Asset Derivatives

Futures Contracts

Interest Rate Risk		64,556			—		—		64,556

Total	$	999,505		$	39,879,010	$	28,924	$	40,907,439



Liability Derivatives

Futures Contracts

Interest Rate Risk	$	(48,900	)	$	—	$	—	$	(48,900	)

Total	$	(48,900	)	$	—	$	—	$	(48,900	)

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
FIXED INCOME SECURITIES — 108.0% of Net Assets
CORPORATE BONDS — 20.2%

Aerospace & Defense — 0.1%
General Electric Co.
4.39% (3 mo. USD Term SOFR + 0.742%)⁽¹⁾		08/15/36	$ 52,000	$	49,414
TransDigm, Inc.
6.00%⁽²⁾		01/15/33	1,665,000		1,665,899
6.38%⁽²⁾		05/31/33	1,827,000		1,828,005
6.75%⁽²⁾		01/31/34	670,000		681,216

					4,224,534


Agriculture — 0.1%
Altria Group, Inc.
4.88%		02/04/28	490,000		491,803
BAT Capital Corp. (United Kingdom)
3.56%		08/15/27	44,000		43,579
Imperial Brands Finance PLC (United Kingdom)
4.50%⁽²⁾		06/30/28	2,955,000		2,941,821
6.13%⁽²⁾		07/27/27	195,000		197,738

					3,674,941


Airlines — 0.2%
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.75%⁽²⁾		04/20/29	3,861,917		3,846,430
JetBlue Pass-Through Trust Series 2019-1, Class AA
2.75%		11/15/33	2,134,198		1,872,076
JetBlue Pass-Through Trust Series 2020-1, Class A
4.00%		05/15/34	48,007		45,161

					5,763,667


Apparel — 0.1%
Crocs, Inc.
4.13%⁽²⁾		08/15/31	1,897,000		1,747,706


Auto Manufacturers — 0.1%
Volkswagen Bank GmbH (Germany)
4.38%⁽³⁾		11/26/33	EUR 1,600,000		1,831,811
Volkswagen Group of America Finance LLC (Germany)
5.65%⁽²⁾		03/25/32	70,000		70,338
Volkswagen International Finance NV (Germany)
7.88% (9 yr. EUR Swap + 4.783%)^(1),(3),(4)		09/06/32	EUR 1,200,000		1,542,070

					3,444,219


Auto Parts & Equipment — 0.1%
Robert Bosch GmbH (Germany)
4.38%⁽³⁾		06/02/43	EUR 2,500,000		2,764,821


Banks — 2.4%
Bank of America Corp.
1.92% (1 day USD SOFR + 1.370%)⁽¹⁾		10/24/31	5,025,000		4,428,482
2.55% (1 day USD SOFR + 1.050%)⁽¹⁾		02/04/28	2,625,000		2,599,800
2.65% (1 day USD SOFR + 1.220%)⁽¹⁾		03/11/32	225,000		202,131
2.97% (1 day USD SOFR + 1.330%)⁽¹⁾		02/04/33	1,395,000		1,245,414
3.42% (3 mo. USD Term SOFR + 1.302%)⁽¹⁾		12/20/28	685,000		673,547
4.38% (5 yr. CMT + 2.760%)^(1),(4)		01/27/27	100,000		99,433
Citibank NA


Issues	Maturity Date	Principal Amount	Value
4.85% (1 day USD SOFR + 0.910%)⁽¹⁾	06/18/32	$ 510,000	$	503,880
4.88% (1 day USD SOFR + 0.712%)⁽¹⁾	11/19/27	5,000,000		5,007,900
4.91%	05/29/30	2,000,000		2,004,280
Citigroup, Inc.
6.63% (5 yr. CMT + 3.001%)^(1),(4)	02/15/31	3,075,000		3,084,840
Goldman Sachs Bank USA
4.66% (1 day USD SOFR + 0.720%)⁽¹⁾	06/03/29	2,075,000		2,069,771
Goldman Sachs Group, Inc.
1.54% (1 day USD SOFR + 0.818%)⁽¹⁾	09/10/27	5,000		4,985
1.95% (1 day USD SOFR + 0.913%)⁽¹⁾	10/21/27	325,000		323,235
2.38% (1 day USD SOFR + 1.248%)⁽¹⁾	07/21/32	1,000,000		873,980
JPMorgan Chase & Co.
1.76% (3 mo. USD Term SOFR + 1.105%)⁽¹⁾	11/19/31	3,080,000		2,690,257
2.07% (1 day USD SOFR + 1.015%)⁽¹⁾	06/01/29	120,000		114,419
2.18% (1 day USD SOFR + 1.890%)⁽¹⁾	06/01/28	5,000,000		4,902,700
2.55% (1 day USD SOFR + 1.180%)⁽¹⁾	11/08/32	2,770,000		2,436,381
2.58% (3 mo. USD Term SOFR + 1.250%)⁽¹⁾	04/22/32	760,000		679,182
4.01% (3 mo. USD Term SOFR + 1.382%)⁽¹⁾	04/23/29	255,000		252,016
4.32% (1 day USD SOFR + 1.560%)⁽¹⁾	04/26/28	3,500,000		3,493,140
4.98% (1 day USD SOFR + 0.930%)⁽¹⁾	07/22/28	1,470,000		1,474,616
5.77% (1 day USD SOFR + 1.490%)⁽¹⁾	04/22/35	415,000		424,159
Morgan Stanley
2.24% (1 day USD SOFR + 1.178%)⁽¹⁾	07/21/32	230,000		199,879
2.94% (1 day USD SOFR + 1.290%)⁽¹⁾	01/21/33	354,000		314,784
4.49% (1 day USD SOFR + 0.950%)⁽¹⁾	01/16/32	5,215,000		5,063,243
Morgan Stanley Bank NA
4.79% (1 day USD SOFR Index + 0.974%)⁽¹⁾	05/10/30	325,000		323,781
5.50% (1 day USD SOFR + 0.865%)⁽¹⁾	05/26/28	10,000,000		10,070,700
Morgan Stanley Private Bank NA
4.20% (1 day USD SOFR + 0.780%)⁽¹⁾	11/17/28	5,685,000		5,651,288
4.47% (1 day USD SOFR + 1.020%)⁽¹⁾	11/19/31	2,370,000		2,307,361
4.73% (1 day USD SOFR + 1.080%)⁽¹⁾	07/18/31	3,200,000		3,159,616
PNC Financial Services Group, Inc.
3.40% (5 yr. CMT + 2.595%)^(1),(4)	09/15/26	105,000		104,654
5.58% (1 day USD SOFR + 1.841%)⁽¹⁾	06/12/29	1,370,000		1,390,317

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
U.S. Bancorp
5.78% (1 day USD SOFR + 2.020%)⁽¹⁾	06/12/29	$ 5,000,000	$	5,092,600
Wells Fargo & Co.
2.39% (1 day USD SOFR + 2.100%)⁽¹⁾	06/02/28	460,000		451,766
2.88% (3 mo. USD Term SOFR + 1.432%)⁽¹⁾	10/30/30	5,000,000		4,693,150
3.35% (1 day USD SOFR + 1.500%)⁽¹⁾	03/02/33	2,835,000		2,578,688
4.84% (1 day USD SOFR + 0.970%)⁽¹⁾	05/20/32	2,485,000		2,452,397
5.50% (1 day USD SOFR + 1.780%)⁽¹⁾	01/23/35	225,000		225,493

				83,668,265


Beverages — 0.2%
Becle SAB de CV (Mexico)
2.50%⁽²⁾	10/14/31	1,790,000		1,525,581
Heineken NV (Netherlands)
4.24%⁽³⁾	11/14/45	EUR 925,000		1,014,472
JDE Peet’s NV (Netherlands)
2.25%⁽²⁾	09/24/31	750,000		646,432
Maple Parent Holdings Corp.
4.73%⁽²⁾	03/26/35	EUR 1,755,000		2,037,621

				5,224,106


Biotechnology — 0.0%
Amgen, Inc.
3.15%	02/21/40	100,000		75,636


Building Materials — 0.1%
JH North America Holdings, Inc.
6.13%⁽²⁾	07/31/32	2,975,000		2,983,925


Chemicals — 0.3%
FIS Fabbrica Italiana Sintetici SpA
5.25%⁽²⁾	02/05/31	EUR 1,100,000		1,280,655
International Flavors & Fragrances, Inc.
1.83%⁽²⁾	10/15/27	405,000		391,963
2.30%⁽²⁾	11/01/30	505,000		451,879
Itelyum Regeneration SpA (Italy)
5.75%⁽²⁾	04/15/30	EUR 250,000		293,528
5.75%⁽³⁾	04/15/30	EUR 820,000		962,774
SCIH Salt Holdings, Inc.
6.63%^(2),(5)	08/15/31	2,953,000		2,951,789
8.00%^(2),(5)	08/15/32	2,772,000		2,758,916
WR Grace Holdings LLC
7.00%⁽²⁾	08/01/33	500,000		480,025
7.38%⁽²⁾	03/01/31	1,732,000		1,721,279

				11,292,808


Commercial Services — 0.8%
AA Bond Co. Ltd. (United Kingdom)
5.50%⁽³⁾	07/31/50	GBP 940,000		1,234,466
ADT Security Corp.
5.88%⁽²⁾	10/15/33	1,668,000		1,623,331
BCP V Modular Services Finance II PLC (United Kingdom)
6.50%⁽³⁾	07/10/31	EUR 1,070,000		1,030,195
Dalrymple Bay Finance Pty. Ltd. (Australia)
6.23%	03/24/31	AUD 840,000		599,181
EquipmentShare.com, Inc.
7.13%⁽²⁾	07/01/34	2,642,000		2,527,443
Global Payments, Inc.
4.50%	11/15/28	4,215,000		4,160,247


Issues	Maturity Date	Principal Amount	Value
Grand Canyon University
5.13%	10/01/28	$ 1,000,000	$	989,620
Herc Holdings, Inc.
7.25%⁽²⁾	06/15/33	1,445,000		1,492,122
ION Platform Finance U.S., Inc.
7.88%⁽²⁾	09/30/32	500,000		397,085
RAC Bond Co. PLC (United Kingdom)
8.25%⁽³⁾	05/06/46	GBP 100,000		141,926
Raven Acquisition Holdings LLC
6.88%⁽²⁾	11/15/31	1,809,000		1,761,749
Rentokil Terminix Funding LLC
5.00%⁽²⁾	04/28/30	1,970,000		1,962,928
Rollins, Inc.
5.25%	02/24/35	1,090,000		1,065,104
Upbound Group, Inc.
6.38%⁽²⁾	02/15/29	2,564,000		2,551,283
VT Topco, Inc.
8.50%⁽²⁾	08/15/30	2,883,000		2,947,954
WestConnex Finance Co. Pty. Ltd. (Australia)
5.94%	04/30/32	AUD 1,170,000		825,592
6.41%	04/30/36	AUD 1,380,000		974,659

				26,284,885


Computers — 0.3%
Dell International LLC/EMC Corp.
4.75%	04/01/28	1,135,000		1,136,532
5.00%	04/01/30	840,000		840,286
Gartner, Inc.
3.75%⁽²⁾	10/01/30	4,200,000		3,835,272
McAfee Corp.
7.38%⁽²⁾	02/15/30	1,869,000		1,585,155
NCR Voyix Corp.
5.00%⁽²⁾	10/01/28	1,699,000		1,646,382
Science Applications International Corp.
5.88%⁽²⁾	11/01/33	800,000		783,784

				9,827,411


Cosmetics/Personal Care — 0.1%
Edgewell Personal Care Co.
4.13%⁽²⁾	04/01/29	860,000		828,610
Perrigo Finance Unlimited Co.
5.15%	06/15/30	2,507,000		2,373,853
6.13%	09/30/32	1,113,000		1,057,973

				4,260,436


Distribution & Wholesale — 0.1%
Core & Main LP
6.00%⁽²⁾	07/01/34	3,369,000		3,352,391


Diversified Financial Services — 0.4%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)
2.45%	10/29/26	123,000		122,455
3.88%	01/23/28	5,000		4,938
American Express Co.
4.92% (1 day USD SOFR + 1.220%)⁽¹⁾	07/20/33	1,680,000		1,656,816
AT&T Reign II Multi-Property Lease-Backed Pass-Through Trust
6.09%⁽²⁾	12/15/44	2,702,607		2,636,555
Avolon Holdings Funding Ltd. (Ireland)
2.53%⁽²⁾	11/18/27	1,976,000		1,919,783
First Eagle Holdings, Inc.
7.25%⁽²⁾	08/15/32	4,951,000		5,013,383
Jane Street Group/JSG Finance, Inc.
6.13%⁽²⁾	11/01/32	780,000		776,747
6.75%⁽²⁾	05/01/33	90,000		91,816

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
7.13%⁽²⁾	04/30/31	$ 905,000	$	934,757

				13,157,250


Electric — 1.9%
Alliant Energy Corp.
5.75% (5 yr. CMT + 2.077%)⁽¹⁾	04/01/56	3,630,000		3,562,409
Alliant Energy Finance LLC
3.60%⁽²⁾	03/01/32	655,000		602,403
5.95%⁽²⁾	03/30/29	1,500,000		1,536,105
Alpha Generation LLC
6.25%⁽²⁾	01/15/34	1,785,000		1,746,783
American Electric Power Co., Inc.
5.80% (5 yr. CMT + 2.128%)⁽¹⁾	03/15/56	5,570,000		5,471,801
Amprion GmbH (Germany)
4.58%⁽³⁾	01/15/46	EUR 1,600,000		1,781,663
Arizona Public Service Co.
6.35%	12/15/32	135,000		142,316
Ausgrid Finance Pty. Ltd. (Australia)
5.41%	03/28/31	AUD 940,000		654,453
5.95%⁽³⁾	12/10/35	AUD 1,520,000		1,046,767
CenterPoint Energy, Inc.
5.95% (5 yr. CMT + 2.223%)⁽¹⁾	04/01/56	4,685,000		4,642,320
6.40% (5 yr. CMT + 1.885%)⁽¹⁾	08/15/58	4,500,000		4,498,425
Dominion Energy, Inc.
6.00% (5 yr. CMT + 2.262%)⁽¹⁾	02/15/56	5,325,000		5,276,276
Electricite de France SA
4.75%⁽³⁾	06/17/44	EUR 3,100,000		3,476,172
5.64%⁽³⁾	08/28/35	AUD 610,000		414,028
7.38% (5 yr. U.K. Government Bond + 3.775%)^(1),(3),(4)	06/17/35	GBP 300,000		418,214
9.13% (5 yr. CMT + 5.411%)^(1),(2),(4)	03/15/33	575,000		664,849
Elia Group SA (Belgium)
3.88%⁽³⁾	06/11/31	EUR 100,000		115,562
EnBW Energie Baden-Wuerttemberg AG (Germany)
4.50% (5 yr. EURIBOR ICE Swap + 1.846%)^(1),(3)	02/10/56	EUR 1,200,000		1,340,135
EnBW International Finance BV (Germany)
5.79%⁽³⁾	02/26/36	AUD 1,570,000		1,064,308
6.05%⁽³⁾	10/30/34	AUD 2,460,000		1,719,018
Enel SpA (Italy)
4.50% (5 yr. EURIBOR ICE Swap + 1.821%)^(1),(3),(4)	10/14/34	EUR 1,470,000		1,638,733
Entergy Corp.
5.88% (5 yr. CMT + 2.179%)⁽¹⁾	06/15/56	2,000,000		1,978,900
Eurogrid GmbH (Germany)
3.28%⁽³⁾	09/05/31	EUR 200,000		226,299
FirstEnergy Transmission LLC
2.87%⁽²⁾	09/15/28	418,000		401,736
Florida Power & Light Co.
5.70%	03/15/55	2,000,000		1,892,600
Interstate Power & Light Co.
5.70%	10/15/33	1,000,000		1,017,380
MVM Energetika Zrt (Hungary)
6.50%⁽³⁾	03/13/31	400,000		415,740
Public Service Co. of Oklahoma
5.45%	01/15/36	3,000,000		2,962,380


Issues	Maturity Date	Principal Amount	Value
Southern Co.
3.75% (5 yr. CMT + 2.915%)⁽¹⁾	09/15/51	$ 9,500,000	$	9,490,785
Southwestern Electric Power Co.
5.30%	04/01/33	600,000		597,786
TenneT Holding BV (Netherlands)
4.88% (5 yr. EURIBOR ICE Swap + 2.214%)^(1),(3),(4)	12/21/31	EUR 2,000,000		2,341,286
Tucson Electric Power Co.
5.50%	04/15/53	305,000		278,081
Vistra Operations Co. LLC
6.88%⁽²⁾	04/15/32	1,720,000		1,777,431

				65,193,144


Electrical Components & Equipment — 0.1%
Energizer Holdings, Inc.
6.00%⁽²⁾	09/15/33	2,245,000		2,134,658


Electronics — 0.0%
Amphenol Corp.
3.38%	05/12/29	EUR 825,000		950,255


Engineering & Construction — 0.1%
Heathrow Funding Ltd. (United Kingdom)
3.88%⁽³⁾	01/16/38	EUR 250,000		277,433
4.38%⁽³⁾	06/11/39	EUR 375,000		425,979
4.50%⁽³⁾	07/11/35	EUR 865,000		1,020,038
Sydney Airport Finance Co. Pty. Ltd. (Australia)
5.90%⁽³⁾	04/19/34	AUD 750,000		523,748

				2,247,198


Entertainment — 0.5%
Brightstar Lottery PLC/Brightstar Global Solutions Corp. (United Kingdom)
5.75%⁽²⁾	01/15/33	1,592,000		1,536,296
Caesars Entertainment, Inc.
4.63%⁽²⁾	10/15/29	1,453,000		1,384,244
6.00%⁽²⁾	10/15/32	2,600,000		2,285,920
6.50%⁽²⁾	02/15/32	2,220,000		2,126,360
7.00%⁽²⁾	02/15/30	1,000,000		1,004,260
European Entertainment Group AB (Sweden)
9.74% (3 mo. EUR EURIBOR + 7.250%)⁽¹⁾	09/29/30	EUR 300,000		310,873
FDJ United (France)
3.38%⁽³⁾	11/21/33	EUR 1,000,000		1,104,706
Flutter Treasury DAC (Ireland)
5.00%⁽²⁾	04/29/29	EUR 100,000		117,544
6.13%⁽³⁾	06/04/31	GBP 525,000		702,241
LHMC Finco 2 SARL (Luxemburg) (8.63% Cash or 9.38% PIK)
8.63%⁽²⁾	05/15/30	EUR 1,037,180		1,238,806
8.63%⁽³⁾	05/15/30	EUR 1,000,000		1,194,398
Light & Wonder International, Inc.
6.25%⁽²⁾	10/01/33	1,752,000		1,723,127
Rivers Enterprise Borrower LLC
6.25%⁽²⁾	10/15/30	1,800,000		1,809,828
Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.
6.63%⁽²⁾	02/01/33	803,000		808,412
Voyager Parent LLC
9.25%⁽²⁾	07/01/32	1,056,000		1,122,961

				18,469,976


Environmental Control — 0.2%
Luna 1.5 SARL (Luxemburg)
10.50%⁽³⁾	07/01/32	EUR 1,056,250		1,294,542
Luna 2 5 SARL (Luxemburg)

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
5.50%⁽²⁾	07/01/32	EUR 1,100,000	$	1,278,093
5.50%⁽³⁾	07/01/32	EUR 1,000,000		1,161,902
Seche Environnement SACA (France)
5.87% (5 yr. EURIBOR ICE Swap + 3.707%)^(1),(3),(4)	01/09/31	EUR 2,000,000		2,288,979
Waste Pro USA, Inc.
7.00%⁽²⁾	02/01/33	2,460,000		2,505,240

				8,528,756


Financial — 0.4%
Nomura Corporate Funding Americas LLC
0.00%^(6),(7)	10/27/26	6,475,467		6,471,581
Olympus Member LLC
5.77%⁽⁶⁾	07/15/51	2,174,114		2,150,369
5.77%⁽⁶⁾	07/15/51	5,178,220		5,121,666
5.97%⁽⁶⁾	07/15/51	314,127		310,716
5.97%⁽⁶⁾	07/15/51	748,175		740,050
7.00%⁽⁶⁾	07/15/51	25,242		24,755
7.00%⁽⁶⁾	07/15/51	60,122		58,962


Total Financial				14,878,099


Food — 0.4%
General Mills, Inc.
5.25% (5 yr. EURIBOR ICE Swap + 2.390%)⁽¹⁾	07/16/56	EUR 1,810,000		2,042,786
JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings
6.75%	03/15/34	202,000		216,845
JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL
5.75%	04/01/33	2,000,000		2,029,680
Magnum Icc Finance BV (Netherlands)
3.25%⁽³⁾	11/26/31	EUR 1,080,000		1,213,794
Pilgrim’s Pride Corp.
3.50%	03/01/32	385,000		346,793
4.25%	04/15/31	2,930,000		2,786,723
6.25%	07/01/33	950,000		977,683
Post Holdings, Inc.
4.63%⁽²⁾	04/15/30	1,475,000		1,421,177
6.25%⁽²⁾	10/15/34	950,000		924,103
Roquette Freres SA (France)
6.00% (5 yr. EURIBOR ICE Swap + 3.098%)^(1),(3),(4)	01/21/32	EUR 700,000		809,158
Smithfield Foods, Inc.
5.20%⁽²⁾	04/01/29	5,000		5,010

				12,773,752


Gas — 0.2%
CenterPoint Energy Resources Corp.
5.40%	03/01/33	765,000		769,246
KeySpan Gas East Corp.
5.99%⁽²⁾	03/06/33	385,000		395,141
NiSource, Inc.
5.75% (5 yr. CMT + 2.035%)⁽¹⁾	07/15/56	3,160,000		3,115,001
Nortegas Energia Grupo SA (Spain)
4.13%⁽³⁾	01/21/33	EUR 900,000		1,019,870
Northwest Natural Holding Co.
7.00% (5 yr. CMT + 2.701%)⁽¹⁾	09/15/55	2,000,000		2,031,380
Redexis SA (Spain)
4.38%⁽³⁾	05/30/31	EUR 1,100,000		1,281,314

				8,611,952


Issues	Maturity Date	Principal Amount	Value

Health Care-Products — 0.3%
180 Medical, Inc. (United Kingdom)
3.88%⁽²⁾	10/15/29	$ 269,000	$	258,673
Medline Borrower LP
3.88%⁽²⁾	04/01/29	8,925,000		8,643,327
Sartorius Finance BV (Germany)
4.50%⁽³⁾	09/14/32	EUR 100,000		118,280
4.88%⁽³⁾	09/14/35	EUR 1,600,000		1,917,347

				10,937,627


Health Care-Services — 0.7%
Charlotte Buyer, Inc.
8.00%⁽²⁾	06/30/31	4,954,000		5,011,714
Cigna Group
4.50%	09/15/30	6,995,000		6,895,251
HCA, Inc.
2.38%	07/15/31	2,000,000		1,758,980
5.63%	09/01/28	3,275,000		3,319,049
Horseshoe Funding Trust I
6.06%⁽²⁾	02/15/36	570,000		568,336
Kedrion SpA (Italy)
6.50%⁽²⁾	09/01/29	1,380,000		1,364,571
Mehilainen Yhtiot OYJ (Finland)
5.13%⁽²⁾	06/30/32	EUR 1,145,000		1,328,015
ModivCare, Inc.
0.00%^(2),(8)	10/01/29	744,450		11,167
Molina Healthcare, Inc.
6.25%⁽²⁾	01/15/33	1,637,000		1,620,875
Star Parent, Inc.
9.00%⁽²⁾	10/01/30	2,476,000		2,605,198

				24,483,156


Household Products/Wares — 0.1%
Spectrum Brands, Inc.
3.88%⁽²⁾	03/15/31	2,214,000		1,952,615


Housewares — 0.0%
Newell Brands, Inc.
7.38%	04/01/36	1,685,000		1,701,816


Insurance — 0.6%
Acrisure LLC/Acrisure Finance, Inc.
6.00%⁽²⁾	08/01/29	405,000		366,278
7.50%⁽²⁾	11/06/30	380,000		368,030
8.25%⁽²⁾	02/01/29	2,005,000		1,923,697
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
6.50%⁽²⁾	10/01/31	938,000		938,779
7.00%⁽²⁾	01/15/31	1,155,000		1,173,919
7.38%⁽²⁾	10/01/32	1,444,000		1,455,494
Ardonagh Finco Ltd. (United Kingdom)
7.75%⁽²⁾	02/15/31	1,679,000		1,705,511
Asurion LLC/Asurion Co-Issuer, Inc.
8.38%⁽²⁾	02/01/34	805,000		734,571
CRC Insurance Group LLC
7.13%⁽²⁾	06/01/31	1,708,000		1,706,787
Farmers Exchange Capital
7.05%⁽²⁾	07/15/28	6,200,000		6,399,826
Farmers Exchange Capital II
6.15% (3 mo. USD Term SOFR + 4.006%)^(1),(2)	11/01/53	550,000		539,324
Farmers Exchange Capital III
5.45% (3 mo. USD Term SOFR + 3.716%)^(1),(2)	10/15/54	835,000		776,550
Farmers Insurance Exchange

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
4.75% (3 mo. USD LIBOR + 3.231%)^(1),(2)	11/01/57	$ 135,000	$	115,937
7.00% (10 yr. CMT + 3.864%)^(1),(2)	10/15/64	265,000		267,753
Marsh & McLennan Cos., Inc.
4.95%	03/15/36	1,500,000		1,445,910
Mercury General Corp.
6.25%	06/15/36	1,755,000		1,747,489
Metropolitan Life Global Funding I
2.95%⁽²⁾	04/09/30	15,000		14,007

				21,679,862


Internet — 1.6%
Alphabet, Inc.
3.50%	11/06/38	EUR 1,375,000		1,476,208
4.00%	11/06/44	EUR 1,305,000		1,384,110
4.50%	05/11/45	EUR 1,420,000		1,596,798
Amazon.com, Inc.
4.85%	03/16/64	EUR 4,125,000		4,534,508
4.88%	03/13/36	1,960,000		1,872,506
5.30%	07/09/36	3,000,000		2,947,860
5.80%	03/13/56	2,800,000		2,579,892
6.10%	07/09/56	3,700,000		3,553,147
Arches Buyer, Inc.
9.00%⁽²⁾	08/15/31	6,634,000		6,670,620
Booking Holdings, Inc.
3.88%	03/21/45	EUR 500,000		496,644
4.00%	03/01/44	EUR 530,000		541,716
4.50%	05/11/39	EUR 1,705,000		1,930,789
Cerved Group SpA (Italy)
6.00%⁽³⁾	02/15/29	EUR 855,000		669,682
7.65% (3 mo. EUR EURIBOR + 5.250%)^(1),(3)	02/15/29	EUR 2,250,000		1,769,431
ION Platform Finance U.S., Inc./ION Platform Finance SARL
8.75%⁽²⁾	05/01/29	678,000		632,954
Meta Platforms, Inc.
4.60%	11/15/32	8,945,000		8,614,035
5.25%	05/15/36	2,800,000		2,685,620
5.63%	11/15/55	2,250,000		1,884,802
6.30%	05/15/56	2,576,000		2,364,562
Snap, Inc.
6.88%⁽²⁾	03/01/33	1,258,000		1,231,129
6.88%⁽²⁾	03/15/34	2,874,000		2,791,143
Sopaipilla Investor LLC
7.53%⁽²⁾	11/30/48	4,200,000		4,359,075
Uber Technologies, Inc.
4.30%	01/15/30	700,000		686,840

				57,274,071


Investment Companies — 0.1%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
9.75%	01/15/29	2,060,000		2,053,202
10.00%⁽²⁾	11/15/29	2,957,000		2,964,511

				5,017,713


Iron & Steel — 0.2%
CSN Inova Ventures (Brazil)
6.75%⁽²⁾	01/28/28	2,369,000		1,985,104
6.75%⁽³⁾	01/28/28	300,000		251,385
CSN Resources SA (Brazil)
5.88%⁽²⁾	04/08/32	4,396,000		2,718,442
CSN Resources SA (Brazil)
8.88%⁽³⁾	12/05/30	1,000,000		710,690

				5,665,621


Issues	Maturity Date	Principal Amount	Value

Lodging — 0.3%
Hyatt Hotels Corp.
5.05%	03/30/28	$ 3,405,000	$	3,418,007
Las Vegas Sands Corp.
5.63%	06/15/28	1,825,000		1,842,410
6.00%	06/14/30	1,500,000		1,528,650
MGM Resorts International
6.50%	04/15/32	1,526,000		1,517,409
Wyndham Hotels & Resorts, Inc.
5.63%⁽²⁾	03/01/33	2,635,000		2,565,304

				10,871,780


Machinery-Construction & Mining — 0.0%
Eaton Capital ULC
3.55%	03/10/34	EUR 1,370,000		1,548,393


Machinery-Diversified — 0.1%
Columbus McKinnon Corp.
7.13%⁽²⁾	02/01/33	1,606,000		1,620,968
Lsf12 Helix Parent LLC
7.13%⁽²⁾	02/01/33	1,110,000		1,091,374
Oregon Tool Lux LP
7.88%⁽²⁾	10/15/29	549,538		97,538

				2,809,880


Media — 0.9%
CCO Holdings LLC/CCO Holdings Capital Corp.
5.38%⁽²⁾	06/01/29	2,471,000		2,404,431
7.38%⁽²⁾	02/01/36	2,614,000		2,491,926
Charter Communications Operating LLC/Charter Communications Operating Capital
2.80%	04/01/31	140,000		122,682
3.70%	04/01/51	530,000		312,112
3.90%	06/01/52	1,360,000		812,994
4.80%	03/01/50	250,000		174,988
5.85%	12/01/35	1,175,000		1,098,179
6.65%	02/01/34	246,000		244,768
CSC Holdings LLC
4.63%⁽²⁾	12/01/30	300,000		64,377
6.50%⁽²⁾	02/01/29	1,490,000		847,691
11.75%⁽²⁾	01/31/29	5,141,000		2,950,368
EchoStar Corp.
10.75%	11/30/29	2,628,000		2,844,127
Midcontinent Communications
8.00%⁽²⁾	08/15/32	4,956,000		4,213,690
Sirius XM Radio LLC
4.13%⁽²⁾	07/01/30	1,685,000		1,576,840
5.00%⁽²⁾	08/01/27	955,000		954,379
Time Warner Cable LLC
5.50%	09/01/41	1,535,000		1,268,984
Univision Communications, Inc.
8.88%⁽²⁾	04/15/33	3,460,000		3,356,200
Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)
8.50%⁽²⁾	03/15/33	5,119,000		3,295,356
Virgin Media O2 Vendor Financing Notes VII DAC (Ireland)
7.50%⁽³⁾	07/15/33	EUR 385,000		303,235
VZ Secured Financing BV (Netherlands)
5.00%⁽²⁾	01/15/32	3,540,000		2,906,411
Ziggo Bonds Co. BV (Netherlands)
5.13%⁽²⁾	02/28/30	53,000		43,052

				32,286,790


Mining — 0.0%
Corp. Nacional del Cobre de Chile
5.13%⁽³⁾	02/02/33	407,000		395,832

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
5.95%⁽³⁾	01/08/34	$ 407,000	$	411,339

				807,171


Miscellaneous Manufacturers — 0.2%
Dyno Nobel Ltd. (Australia)
5.40%	11/08/32	AUD 2,230,000		1,514,659
Smiths Group PLC (United Kingdom)
3.63%⁽³⁾	11/13/33	EUR 3,845,000		4,285,415

				5,800,074


Oil & Gas — 0.4%
Ecopetrol SA
8.38%	01/19/36	1,660,000		1,755,035
KazMunayGas National Co. JSC (Kazakhstan)
3.50%⁽²⁾	04/14/33	2,073,000		1,843,229
Matador Resources Co.
6.00%⁽²⁾	04/15/34	1,685,000		1,630,608
SM Energy Co.
9.63%⁽²⁾	06/15/33	1,500,000		1,651,515
Sunoco LP
5.63%⁽²⁾	07/15/34	560,000		542,433
5.88%⁽²⁾	03/15/34	1,555,000		1,524,429
7.88% (5 yr. CMT + 4.230%)^(1),(2),(4)	09/18/30	4,300,000		4,417,046
Transocean International Ltd.
8.75%⁽²⁾	02/15/30	66,500		69,123

				13,433,418


Oil & Gas Services — 0.1%
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.
4.74%	03/11/46	EUR 1,160,000		1,317,857
Kodiak Gas Services LLC
6.50%⁽²⁾	10/01/33	1,058,000		1,058,476
6.75%⁽²⁾	10/01/35	500,000		504,240

				2,880,573


Packaging & Containers — 0.3%
Amcor Finance USA, Inc.
4.50%	05/15/28	245,000		244,010
Amcor Flexibles North America, Inc.
4.80%	03/17/28	2,225,000		2,229,606
5.10%	03/17/30	1,000,000		1,003,550
5.50%	03/17/35	755,000		754,124
Amcor Group Finance PLC
5.45%	05/23/29	2,170,000		2,204,221
Amcor U.K. Finance PLC (Australia)
3.75%	02/20/33	EUR 700,000		788,357
Ardagh Group SA (5.50% Cash or 6.50% PIK)
11.00%⁽²⁾	12/01/30	1,621,531		1,504,213
Berry Global, Inc.
1.65%	01/15/27	40,000		39,514
5.50%	04/15/28	255,000		258,376
5.65%	01/15/34	150,000		151,068
Constantia Flexibles GmbH (Austria)
6.25%⁽²⁾	07/15/32	EUR 1,000,000		1,159,607
Graphic Packaging International LLC
6.38%⁽²⁾	07/15/32	1,616,000		1,615,790

				11,952,436


Pharmaceuticals — 0.4%
1261229 BC Ltd.
10.00%⁽²⁾	04/15/32	4,857,000		4,967,302
Bayer U.S. Finance II LLC (Germany)
4.38%⁽²⁾	12/15/28	510,000		503,411
4.40%⁽²⁾	07/15/44	245,000		189,934
4.63%⁽²⁾	06/25/38	750,000		662,730
6.50%⁽²⁾	11/21/33	500,000		526,180
CVS Health Corp.
5.05%	03/25/48	3,250,000		2,748,265


Issues	Maturity Date	Principal Amount	Value
5.88%	06/01/53	$ 212,000	$	197,317
6.75% (5 yr. CMT + 2.516%)⁽¹⁾	12/10/54	1,290,000		1,327,410
7.00% (5 yr. CMT + 2.886%)⁽¹⁾	03/10/55	1,275,000		1,312,230
Dolcetto Holdco SpA (Italy)
5.63%⁽³⁾	07/14/32	EUR 625,000		725,100
Grifols SA (Spain)
7.50%⁽³⁾	05/01/30	EUR 508,923		611,090
Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.
8.75%⁽²⁾	04/17/32	932,000		856,061

				14,627,030


Pipelines — 0.5%
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.50%⁽²⁾	06/15/31	1,860,000		1,813,240
Energy Transfer LP
6.63% (3 mo. USD Term SOFR + 4.417%)^(1),(4)	02/15/28	2,733,000		2,744,697
Harvest Midstream I LP
6.75%⁽²⁾	05/15/34	1,585,000		1,592,909
ITT Holdings LLC
6.50%⁽²⁾	08/01/29	2,468,000		2,442,530
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.38%⁽²⁾	02/15/32	2,373,000		2,467,635
Pipeline Funding Co. LLC
7.50%⁽²⁾	01/15/30	130,725		131,671
Southern Natural Gas Co. LLC
4.80%⁽²⁾	03/15/47	65,000		54,529
TransMontaigne Partners LLC
8.50%⁽²⁾	06/15/30	496,000		507,339
Venture Global Calcasieu Pass LLC
3.88%⁽²⁾	11/01/33	750,000		659,168
4.13%⁽²⁾	08/15/31	580,000		538,379
Venture Global LNG, Inc.
6.63%⁽²⁾	06/15/36	1,865,000		1,829,845
9.00% (5 yr. CMT + 5.440%)^(1),(2),(4)	09/30/29	511,000		508,174
Venture Global Plaquemines LNG LLC
6.75%⁽²⁾	01/15/36	1,224,000		1,282,152

				16,572,268


Real Estate — 0.2%
Blackstone Property Partners Europe Holdings SARL (Luxembourg)
1.00%⁽³⁾	05/04/28	EUR 195,000		215,089
Blackstone Property Partners Europe Holdings SARL (Luxemburg)
3.50%⁽³⁾	01/29/31	EUR 555,000		623,544
DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH (Germany)
4.88%⁽³⁾	08/21/30	EUR 1,200,000		1,403,997
Finco Opal SARL (Luxemburg)
10.02% (3 mo. EUR EURIBOR + 7.750%)^(1),(3)	03/02/30	EUR 2,700,000		3,084,798
Vonovia SE (Germany)
5.72%⁽³⁾	09/03/35	AUD 1,750,000		1,160,866

				6,488,294


REIT — 0.8%
American Tower Corp.
2.10%	06/15/30	2,550,000		2,288,191
2.90%	01/15/30	3,000,000		2,802,450
4.70%	12/15/32	2,000,000		1,938,860

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
4.90%	03/15/30	$ 500,000	$	498,095
5.55%	07/15/33	1,500,000		1,511,610
5.90%	11/15/33	4,500,000		4,621,635
Boston Properties LP (REIT)
2.75%	10/01/26	10,000		9,979
Crown Castle, Inc. (REIT)
2.10%	04/01/31	1,250,000		1,088,762
Digital Dutch Finco BV
1.25%⁽³⁾	02/01/31	EUR 220,000		226,500
3.88%⁽³⁾	03/15/35	EUR 500,000		551,626
Equinix Asia Financing Corp. Pte. Ltd. (REIT)
4.40%	03/15/31	3,700,000		3,574,903
Extra Space Storage LP
2.40%	10/15/31	71,000		62,074
GLP Capital LP/GLP Financing II, Inc.
4.00%	01/15/31	73,000		68,453
5.30%	01/15/29	2,500,000		2,503,275
5.75%	06/01/28	10,000		10,088
Healthcare Realty Holdings LP
3.63%	01/15/28	150,000		147,390
Host Hotels & Resorts LP (REIT)
5.70%	06/15/32	725,000		734,686
Hudson Pacific Properties LP
3.95%	11/01/27	1,869,000		1,824,275
5.95%	02/15/28	491,000		486,989
Iron Mountain, Inc. (REIT)
6.25%⁽²⁾	01/15/33	1,034,000		1,038,963
LXP Industrial Trust
2.70%	09/15/30	160,000		145,598
VICI Properties LP/VICI Notes Co., Inc.
3.88%⁽²⁾	02/15/29	30,000		29,089
5.75%⁽²⁾	02/01/27	65,000		65,185
WP Carey, Inc.
3.75%	05/10/35	EUR 2,010,000		2,207,526
4.25%	07/23/32	EUR 200,000		232,097

				28,668,299


Retail — 0.9%
Academy Ltd.
5.88%⁽²⁾	05/15/31	3,389,000		3,357,584
BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.
9.50%⁽²⁾	07/01/32	1,990,000		1,939,116
Ferrellgas LP/Ferrellgas Finance Corp.
9.25%⁽²⁾	01/15/31	4,422,000		4,650,883
FirstCash, Inc.
6.13%⁽²⁾	05/01/34	2,954,000		2,912,526
6.88%⁽²⁾	03/01/32	320,000		325,258
HOA RoyaltyCo LLC Series 2025-1, Class A-2I
4.72%^(2),(6)	11/22/55	793,589		5,555
Michaels Cos., Inc.
8.50%⁽²⁾	03/15/33	2,125,000		2,108,127
11.00%⁽²⁾	03/15/34	270,000		264,392
Papa John’s International, Inc.
3.88%⁽²⁾	09/15/29	2,535,000		2,390,150
Punch Finance PLC (United Kingdom)
7.88%⁽³⁾	12/30/30	GBP 910,000		1,266,865
QXO Building Products, Inc.
6.50%⁽²⁾	07/15/31	3,840,000		3,856,819
Stonegate Pub Co. Financing PLC (United Kingdom)
8.91% (3 mo. EUR EURIBOR + 6.625%)^(1),(3)	07/31/29	EUR 1,710,000		1,985,689


Issues	Maturity Date	Principal Amount	Value
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.50%⁽²⁾	12/15/35	$ 5,050,000	$	4,867,038

				29,930,002


Semiconductors — 0.1%
Foundry JV Holdco LLC
5.50%⁽²⁾	01/25/31	185,000		186,830
Intel Corp.
2.00%	08/12/31	560,000		481,925
3.73%	12/08/47	2,000,000		1,358,440
NVIDIA Corp.
5.63%	06/15/56	2,575,000		2,330,761

				4,357,956


Software — 0.9%
AthenaHealth Group, Inc.
7.50%⁽²⁾	02/15/32	1,821,000		1,869,512
Atlassian Corp.
5.50%	05/15/34	1,400,000		1,368,388
Cloud Software Group LLC
8.25%⁽²⁾	06/30/32	2,957,000		2,801,905
Constellation Software, Inc. (Canada)
5.46%⁽²⁾	02/16/34	1,470,000		1,416,360
Db Data Center Red Oak LLC
0.90%^(6),(9)	03/06/31	906,924		—
Fiserv, Inc.
4.55%	02/15/31	675,000		653,657
5.25%	08/11/35	2,370,000		2,263,895
5.45%	03/15/34	1,505,000		1,466,457
5.63%	08/21/33	675,000		670,221
Open Text Corp. (Canada)
6.90%⁽²⁾	12/01/27	760,000		775,565
Open Text Holdings, Inc. (Canada)
4.13%⁽²⁾	12/01/31	3,350,000		2,958,050
Oracle Corp.
6.70%	02/04/56	2,500,000		2,208,325
Paychex, Inc.
5.10%	04/15/30	3,880,000		3,881,940
5.35%	04/15/32	700,000		702,065
Salesforce, Inc.
4.65%	03/15/29	1,600,000		1,593,536
ServiceNow, Inc.
4.70%	08/15/31	1,940,000		1,910,958
SS&C Technologies, Inc.
5.50%⁽²⁾	09/30/27	52,000		52,011
6.50%⁽²⁾	06/01/32	2,443,000		2,466,941
TeamSystem SpA (Italy)
5.00%⁽³⁾	07/01/31	EUR 840,000		933,997
5.68% (3 mo. EUR EURIBOR + 3.250%)^(1),(2)	07/01/32	EUR 800,000		908,774
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.
3.88%⁽²⁾	02/01/29	282,000		235,174

				31,137,731


Telecommunications — 0.8%
Altice Financing SA (Luxembourg)
9.63%⁽²⁾	07/15/27	3,691,000		2,459,387
Big Sky Funding LLC
5.75%⁽⁶⁾	06/30/34	8,020,000		7,998,667
Global Switch Finance BV (United Kingdom)
1.38%⁽³⁾	10/07/30	EUR 725,000		766,032
Road Michigan Property Owner I LLC
7.50%⁽²⁾	03/30/45	4,410,000		4,264,823

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC
5.15%⁽²⁾	09/20/29	$ 899,850	$	902,064
Stingray Compute LLC
6.00%⁽²⁾	06/15/31	1,607,000		1,571,598
SV RNO Property Owner 1 LLC
5.88%⁽²⁾	03/01/31	749,000		696,877
T-Mobile USA, Inc.
2.55%	02/15/31	6,996,000		6,278,350
5.00%	02/15/36	1,300,000		1,232,322
Zayo Group Holdings, Inc. (5.75% Cash or 0.50% PIK) due 3/29/27
9.25%⁽²⁾	03/09/30	948,262		948,926

				27,119,046


Toys/Games/Hobbies — 0.1%
Mattel, Inc.
5.00%	11/17/30	2,200,000		2,182,334


Transportation — 0.1%
Aurizon Network Pty. Ltd. (Australia)
2.90%⁽³⁾	09/02/30	AUD 1,700,000		1,069,922
6.10%⁽³⁾	09/12/31	AUD 1,740,000		1,232,677
Pacific National Finance Pty. Ltd. (Australia)
3.70%	09/24/29	AUD 3,250,000		2,120,813

				4,423,412


Water — 0.5%
DWR Cymru Financing U.K. PLC
2.38%⁽³⁾	03/31/34	GBP 2,665,000		2,698,773
2.50%⁽³⁾	03/31/36	GBP 530,000		520,059
Severn Trent Utilities Finance PLC (United Kingdom)
3.88%⁽³⁾	08/04/37	EUR 3,300,000		3,630,308
South West Water Finance PLC (United Kingdom)
6.38%⁽³⁾	08/05/41	GBP 1,200,000		1,542,954
Thames Water Super Senior Issuer PLC (United Kingdom)
9.75%⁽³⁾	10/10/27	GBP 2,600,000		3,676,661
United Utilities Water Finance PLC (United Kingdom)
3.75%⁽³⁾	05/23/34	EUR 420,000		473,784
Veolia Environnement SA (France) (I/F)
2.50% (-5 yr. EUR Swap + 2.840%)^(1),(3),(4)	01/20/29	EUR 800,000		884,392
Yorkshire Water Finance PLC (United Kingdom)
2.75%⁽³⁾	04/18/41	GBP 935,000		778,607
6.38%⁽³⁾	11/18/34	GBP 2,070,000		2,785,492

				16,991,030


Total Corporate Bonds (Cost: $722,704,027)				709,135,189

FOREIGN GOVERNMENT BONDS — 1.5%
Abu Dhabi Government International Bonds
5.50%⁽²⁾	04/30/54	2,516,000		2,343,981
Brazil Government International Bonds
6.00%	10/20/33	1,539,000		1,532,690
6.13%	03/15/34	814,000		807,854
6.63%	03/15/35	867,000		877,326
Colombia Government International Bonds
7.75%	11/07/36	1,940,000		2,075,606
Guatemala Government Bonds
3.70%⁽³⁾	10/07/33	507,000		443,402
6.25%⁽³⁾	08/15/36	3,034,000		3,083,636
Hungary Government International Bonds
5.50%⁽²⁾	03/26/36	546,000		535,293
Kuwait International Government Bonds
5.51%⁽²⁾	07/29/36	4,060,000		4,046,643
Mexico Government International Bonds
4.88%	05/19/33	1,293,000		1,212,162
5.63%	09/22/35	2,551,000		2,434,317
6.35%	02/09/35	610,000		613,453


Issues	Maturity Date	Principal Amount	Value
New South Wales Treasury Corp.
5.25%⁽³⁾	02/24/38	AUD 7,030,000	$	4,732,074
5.25%	02/22/39	AUD 1,195,000		796,557
Qatar Government International Bonds
5.10%⁽²⁾	04/23/48	2,812,000		2,534,821
Queensland Treasury Corp.
5.25%⁽³⁾	08/13/38	AUD 3,450,000		2,300,970
Republic of South Africa Government International Bonds
5.88%	06/22/30	632,000		642,251
5.88%	04/20/32	557,000		564,692
Romania Government International Bonds
5.75%⁽³⁾	03/24/35	1,900,000		1,815,583
6.63%⁽²⁾	05/16/36	594,000		597,932
6.63%⁽³⁾	05/16/36	2,732,000		2,750,086
Saudi Government International Bonds
5.88%⁽²⁾	01/12/56	2,688,000		2,470,460
Treasury Corp. of Victoria
2.00%	11/20/37	AUD 2,415,000		1,165,373
5.50%	09/15/39	AUD 2,010,000		1,356,646
Turkiye Government Bonds
36.00%	08/12/26	TRY 570,500,000		11,990,780

Total Foreign Government Bonds (Cost: $55,163,761)				53,724,588

ASSET-BACKED SECURITIES — 11.2%
522 Funding CLO Ltd. Series 2020-6A, Class CR2
5.70% (3 mo. USD Term SOFR + 1.950%)^(1),(2)	10/23/34	1,100,000		1,086,311
Abry Liquid Credit CLO Ltd. Series 2025-2A, Class C
5.85% (3 mo. USD Term SOFR + 2.100%)^(1),(2)	01/15/39	5,750,000		5,773,960
AGL CLO 9 Ltd. Series 2020-9A, Class CR2
5.73% (3 mo. USD Term SOFR + 2.000%)^(1),(2)	04/20/37	3,200,000		3,208,995
AIMCO CLO 14 Ltd. Series 2021-14A, Class SUB
0.00%^(2),(7)	10/20/38	700,000		433,644
Aligned Data Centers Issuer LLC Series 2026-1A, Class B
6.69%⁽²⁾	06/15/56	4,009,000		3,985,930
Alinea CLO Ltd. Series 2018-1A, Class DR
5.98% (3 mo. USD Term SOFR + 2.250%)^(1),(2)	07/20/31	750,000		745,443
ALLO Issuer LLC Series 2024-1A, Class C
11.19%⁽²⁾	07/20/54	2,734,000		2,852,350
ALLO Issuer LLC Series 2025-1A, Class C
8.10%⁽²⁾	04/20/55	1,120,184		1,139,135
AMMC CLO 23 Ltd. Series 2020-23A, Class D1R3
6.95% (3 mo. USD Term SOFR + 3.200%)^(1),(2)	07/17/38	3,200,000		3,206,803
AMMC CLO 24 Ltd. Series 2021-24A, Class BR
5.33% (3 mo. USD Term SOFR + 1.600%)^(1),(2)	01/20/35	700,000		700,435
AMMC CLO 27 Ltd. Series 2022-27A, Class CR
5.53% (3 mo. USD Term SOFR + 1.800%)^(1),(2)	01/20/37	3,000,000		3,002,895
Anchorage Credit Funding 19 Ltd. Series 2025-19A, Class C
5.59%⁽²⁾	10/25/40	2,300,000		2,239,678
APL Finance DAC Series 2025-1A, Class C
5.82%⁽²⁾	03/20/36	3,509,000		3,458,324

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Aqueduct European CLO 9 DAC Series 2025-9A, Class B
4.18% (3 mo. EUR EURIBOR + 1.750%)^(1),(2)	04/15/38	EUR 1,775,000	$	2,053,139
Arbour CLO VI DAC Series 6A, Class BR
4.18% (3 mo. EUR EURIBOR + 1.900%)^(1),(2)	11/15/37	EUR 1,500,000		1,734,047
Arbour CLO VII DAC Series 7A, Class BR
4.45% (3 mo. EUR EURIBOR + 2.050%)^(1),(2)	12/15/38	EUR 1,350,000		1,561,812
Aurium CLO XIII DAC Series 13A, Class B
4.13% (3 mo. EUR EURIBOR + 1.700%)^(1),(2)	04/15/38	EUR 1,775,000		2,048,599
Avis Budget Rental Car Funding AESOP LLC Series 2021-1A, Class D
3.71%⁽²⁾	08/20/27	256,667		256,397
Avis Budget Rental Car Funding AESOP LLC Series 2021-2A, Class D
4.08%⁽²⁾	02/20/28	3,682,000		3,662,295
Avis Budget Rental Car Funding AESOP LLC Series 2023-3A, Class D
7.32%⁽²⁾	02/20/28	3,580,000		3,598,588
Avis Budget Rental Car Funding AESOP LLC Series 2023-4A, Class D
7.31%⁽²⁾	06/20/29	5,605,000		5,680,164
Avis Budget Rental Car Funding AESOP LLC Series 2023-5A, Class D
7.35%⁽²⁾	04/20/28	2,780,000		2,800,762
Bain Capital Credit CLO Ltd. Series 2020-4A, Class DBR2
6.68% (3 mo. USD Term SOFR + 2.950%)^(1),(2)	10/20/36	2,100,000		2,075,113
Bain Capital Credit CLO Ltd. Series 2020-4A, Class ERR
10.48% (3 mo. USD Term SOFR + 6.750%)^(1),(2)	10/20/36	1,000,000		957,604
Bain Capital Credit CLO Ltd. Series 2021-3A, Class BR
5.33% (3 mo. USD Term SOFR + 1.550%)^(1),(2)	07/24/34	2,650,000		2,655,258
Bain Capital Credit CLO Ltd. Series 2021-3A, Class CR
5.68% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	07/24/34	1,200,000		1,200,916
Bain Capital Credit CLO Ltd. Series 2023-2A, Class SUB
0.00%^(2),(7)	07/18/38	3,200,000		1,516,125
Ballyrock CLO 19 Ltd. Series 2022-19A, Class CR
6.83% (3 mo. USD Term SOFR + 3.100%)^(1),(2)	04/20/35	2,000,000		1,968,534
Ballyrock CLO 20 Ltd. Series 2022-20A, Class C1R3
6.55% (3 mo. USD Term SOFR + 2.800%)^(1),(2)	10/15/36	1,400,000		1,376,739
Bardot CLO Ltd. Series 2019-2A, Class DRR
6.23% (3 mo. USD Term SOFR + 2.500%)^(1),(2)	10/22/32	1,200,000		1,202,716
Basswood Park CLO Ltd. Series 2021-1A, Class SUB
0.00%^(2),(7)	04/20/34	3,000,000		509,271
Bayard Park CLO Ltd. Series 2025-1A, Class SUB
0.00%^(2),(7)	07/24/38	2,150,000		1,132,592


Issues	Maturity Date	Principal Amount	Value
BBAM U.S. CLO VI Ltd. Series 2025-6A, Class SUB
0.00%^(2),(7)	01/27/39	$ 2,200,000	$	1,561,756
BCRED CLO LLC Series 2023-1A, Class A
6.03% (3 mo. USD Term SOFR + 2.300%)^(1),(2)	01/20/36	1,200,000		1,201,549
Birch Grove CLO Ltd. Series 19AR, Class CR3 (I/F)
0.00% (-3 mo. USD Term SOFR + 1.850%)^(1),(2)	07/17/37	3,370,000		3,372,527
Blackbird Capital II Aircraft Lease Ltd. Series 2021-1A, Class B
3.45%⁽²⁾	07/15/46	4,258,202		4,084,280
Blue Stream Issuer LLC Series 2023-1A, Class C
8.90%⁽²⁾	05/20/53	4,200,000		4,237,300
Blue Stream Issuer LLC Series 2024-1A, Class C
8.71%⁽²⁾	11/20/54	2,430,000		2,522,670
BMO SBA COOF Trust Series 2019-1, Class A (I/O)
1.81%^(2),(9)	10/25/45	1,167,534		26,502
CARS-DB4 LP Series 2020-1A, Class B3
4.95%⁽²⁾	02/15/50	4,980,000		4,654,437
Carvana Auto Receivables Trust Series 2021-N3, Class R
0.00%^(2),(7),(10)	06/12/28	1,500		119,928
Carvana Auto Receivables Trust Series 2022-P2, Class R
0.00%^(2),(7),(10)	05/10/29	3,050		328,561
Carvana Auto Receivables Trust Series 2023-N3, Class R
0.00%^(2),(7),(10)	09/10/30	2,200		296,410
Carvana Auto Receivables Trust Series 2023-N3, Class XS (I/O)
0.00%^(2),(7)	09/10/30	10,966,458		163,137
Carvana Auto Receivables Trust Series 2023-P1, Class R
0.00%^(2),(7),(10)	03/11/30	3,100		214,538
Carvana Auto Receivables Trust Series 2023-P2, Class R
0.00%^(2),(7),(10)	06/10/30	2,000		124,252
Carvana Auto Receivables Trust Series 2023-P3, Class R
0.00%^(2),(7),(10)	08/12/30	2,000		144,651
Castlelake Aircraft Structured Trust Series 2025-1A, Class A
5.78%⁽²⁾	02/15/50	3,043,795		3,054,073
Castlelake Aircraft Structured Trust Series 2025-2A, Class A
5.47%⁽²⁾	08/15/50	1,971,568		1,963,748
Castlelake Aircraft Structured Trust Series 2025-3A, Class A
5.09%⁽²⁾	11/15/50	1,545,364		1,521,945
CIFC Funding Ltd. Series 2022-2A, Class B
0.00%^(2),(7)	04/19/35	475,000		197,191
CLI Funding VIII LLC Series 2022-1A, Class B
3.12%⁽²⁾	01/18/47	208,384		187,774
Cloud Capital Holdco LP Series 2024-1A, Class A2
5.78%⁽²⁾	11/22/49	6,145,000		6,135,332
Cologix Canadian Issuer LP Series 2022-1CAN, Class A2
4.94%⁽²⁾	01/25/52	CAD 1,290,000		917,470
Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC Series 2025-1A, Class C
9.41%⁽²⁾	05/20/55	7,415,000		7,676,993
Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC Series 2025-4A, Class C
8.10%⁽²⁾	12/20/55	3,100,000		3,156,649
Contego CLO XII DAC Series 12A, Class CR
4.87% (3 mo. EUR EURIBOR + 2.400%)^(1),(2)	01/25/40	EUR 3,600,000		4,172,291
CVC Cordatus Loan Fund XXIII DAC Series 23A, Class CRR
4.52% (3 mo. EUR EURIBOR + 2.050%)^(1),(2)	04/25/36	EUR 4,000,000		4,619,610

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
DailyPay Securitization Trust Series 2025-1A, Class B
6.20%⁽²⁾	06/26/28	$ 2,920,000	$	2,926,311
Davis Park CLO Ltd. Series 2022-1A, Class D1R
6.83% (3 mo. USD Term SOFR + 3.100%)^(1),(2)	07/20/38	3,500,000		3,395,000
Diamond Infrastructure Funding LLC Series 2021-1A, Class C
3.48%⁽²⁾	04/15/49	5,290,000		5,242,912
Diamond Issuer LLC Series 2021-1A, Class C
3.79%⁽²⁾	11/20/51	4,550,000		4,446,179
Dryden 68 CLO Ltd. Series 2019-68A, Class CRR
5.55% (3 mo. USD Term SOFR + 1.800%)^(1),(2)	07/15/35	5,750,000		5,719,784
Dryden 75 CLO Ltd. Series 2019-75A, Class CR2
5.81% (3 mo. USD Term SOFR + 2.062%)^(1),(2)	04/15/34	3,700,000		3,679,643
Dryden 98 CLO Ltd. Series 2022-98A, Class CR
5.63% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	04/20/35	3,025,000		3,000,476
Eaton Vance CLO Ltd. Series 2019-1A, Class CR3
5.65% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	07/15/37	3,797,000		3,805,046
Edgeconnex Data Centers Issuer LLC Series 2022-1, Class A2
4.25%⁽²⁾	03/25/52	8,143,450		7,943,383
Elmwood CLO 17 Ltd. Series 2022-4A, Class SUB
3.72%^(2),(9)	07/17/39	4,000,000		2,039,080
Elmwood CLO 17 Ltd. Series 2022-4AR, Class FR2
10.66% (3 mo. USD Term SOFR + 6.910%)^(1),(2)	07/17/39	669,500		616,092
Elmwood CLO III Ltd. Series 2019-3A, Class ERR
9.68% (3 mo. USD Term SOFR + 5.950%)^(1),(2)	07/18/37	1,900,000		1,876,431
Elmwood CLO IV Ltd. Series 2020-1A, Class CRR
5.68% (3 mo. USD Term SOFR + 1.950%)^(1),(2)	04/18/37	8,160,000		8,199,649
Elmwood CLO VI Ltd. Series 2020-3A, Class D1RR
6.83% (3 mo. USD Term SOFR + 3.100%)^(1),(2)	07/18/37	3,400,000		3,394,536
eStruxture Issuer LP Series 2025-1, Class A2
5.89%⁽²⁾	07/20/55	CAD 4,740,000		3,373,816
Exeter Automobile Receivables Trust Series 2024-5A, Class E
7.22%⁽²⁾	05/17/32	2,690,000		2,747,146
ExteNet Issuer LLC Series 2025-1A, Class C
8.27%⁽²⁾	07/25/54	2,500,000		1,964,202
Fidelity Grand Harbour CLO DAC Series 2023-1A, Class B1R
4.03% (3 mo. EUR EURIBOR + 1.750%)^(1),(2)	02/15/38	EUR 2,140,000		2,474,527
FIGRE Trust Series 2026-FL2, Class B1
6.91%^(2),(9)	06/25/56	2,793,000		2,746,603
FIP Master Funding LLC Series 2025-1A, Class A5
5.66%⁽²⁾	10/15/55	2,500,000		2,453,472
Firstlight Issuer LLC Series 2026-1A, Class C
7.54%⁽²⁾	06/20/56	6,716,000		6,679,615


Issues	Maturity Date	Principal Amount	Value
GLS Auto Receivables Issuer Trust Series 2023-2A, Class D
6.31%⁽²⁾	03/15/29	$ 1,110,000	$	1,123,689
GoldenTree Loan Management U.S. CLO 15 Ltd. Series 2022-15A, Class DR2
6.38% (3 mo. USD Term SOFR + 2.650%)^(1),(2)	10/20/38	2,500,000		2,506,672
GoldenTree Loan Management U.S. CLO 22 Ltd. Series 2024-22A, Class F
11.65% (3 mo. USD Term SOFR + 7.920%)^(1),(2)	10/20/37	1,000,000		991,080
Harriman Park CLO Ltd. Series 2020-1A, Class ERR
9.73% (3 mo. USD Term SOFR + 6.000%)^(1),(2)	07/20/38	1,950,000		1,684,712
Hertz Vehicle Financing III LP Series 2021-2A, Class C
2.52%⁽²⁾	12/27/27	791,667		786,935
Hertz Vehicle Financing III LP Series 2021-2A, Class D
4.34%⁽²⁾	12/27/27	9,991,667		9,916,900
HOA Funding LLC
0.00%^(2),(6),(7)	08/20/51	814,277		—
Hotwire Funding LLC Series 2021-1, Class C
4.46%⁽²⁾	11/20/51	3,000,000		2,992,212
Hotwire Funding LLC Series 2024-1A, Class C
9.19%⁽²⁾	06/20/54	2,250,000		2,315,263
HPS Loan Management Ltd. Series 2021-16A, Class BR
5.40% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	01/23/35	6,075,000		6,089,155
Huntington Bank Auto Credit-Linked Notes Series 2025-1, Class D
7.12% (30 day USD SOFR Average + 3.500%)^(1),(2)	03/21/33	690,247		683,438
Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class C
5.97% (30 day USD SOFR Average + 2.350%)^(1),(2)	09/20/33	1,074,810		1,077,034
Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class D
6.87% (30 day USD SOFR Average + 3.250%)^(1),(2)	09/20/33	1,410,070		1,373,325
Huntington Bank Auto Credit-Linked Notes Series 2025-2, Class E
10.22% (30 day USD SOFR Average + 6.600%)^(1),(2)	09/20/33	1,328,842		948,753
Huntington Bank Auto Credit-Linked Notes Series 2026-1, Class E
12.27% (30 day USD SOFR Average + 8.650%)^(1),(2)	02/20/34	1,778,352		1,780,886
ICG U.S. CLO Ltd. Series 2022-1A, Class DR
6.83% (3 mo. USD Term SOFR + 3.100%)^(1),(2)	10/20/38	2,800,000		2,808,235
Invesco CLO Ltd. Series 2021-2A, Class SUB
0.00%^(2),(7)	07/15/34	5,000,000		573,535
Invesco CLO Ltd. Series 2021-2A, Class Y
0.00%^{(2),(6),(7),(8),(9)}	07/15/34	500,000		—

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Invesco U.S. CLO Ltd. Series 2024-3A, Class CR
5.63% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	07/20/37	$ 5,820,000	$	5,874,411
Invesco U.S. CLO Ltd. Series 2024-4A, Class SUB
0.00%^(2),(7)	01/15/38	1,400,000		763,020
Invesco U.S. CLO Ltd. Series 2024-4A, Class Y
0.05%^{(2),(6),(8),(9)}	01/15/38	1,400,000		—
JG Wentworth XLII LLC Series 2018-2A, Class B
4.70%⁽²⁾	10/15/77	130,686		118,238
JG Wentworth XXXIX LLC Series 2017-2A, Class B
5.09%⁽²⁾	09/17/74	247,627		224,297
JGWPT XXX LLC Series 2013-3A, Class A
4.08%⁽²⁾	01/17/73	28,414		26,621
JGWPT XXXII LLC Series 2014-2A, Class A
3.61%⁽²⁾	01/17/73	28,773		25,696
Kinetic ABS Issuer LLC Series 2026-1A, Class C
7.65%⁽²⁾	02/25/56	3,500,000		3,533,164
LCM 35 Ltd. Series 35A, Class BR
5.40% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	10/15/34	1,700,000		1,703,456
LMDV Issuer Co. LLC Series 2025-1A, Class C
7.88%⁽²⁾	12/15/55	6,275,000		6,348,788
LMRK Issuer Co. 2 LLC Series 2025-1A, Class B
6.20%⁽²⁾	09/15/55	5,705,000		5,718,281
Lunar Structured Aircraft Portfolio Notes Series 2021-1, Class A
2.64%⁽²⁾	10/15/46	1,262,640		1,200,050
Madison Park Funding XXXVI Ltd. Series 2019-36A, Class CRR
5.60% (3 mo. USD Term SOFR + 1.850%)^(1),(2)	04/15/35	6,150,000		6,157,509
Magnetite XLII Ltd. Series 2024-42A, Class SUB
9.66%^(2),(9)	01/25/38	7,186,000		4,199,491
Navient Student Loan Trust Series 2018-4A, Class B
5.03% (30 day USD SOFR Average + 1.414%)^(1),(2)	06/27/67	850,000		831,244
NCFA LLC – Loan Participation 1
2.75%⁽⁶⁾	06/12/28	1,760,675		1,758,738
NCFA LLC – Loan Participation 2
3.14%⁽⁶⁾	12/19/27	1,978,937		1,976,958
NCFA LLC – Loan Participation 3
7.90%^(6),(9)	04/11/30	1,771,738		1,771,738
NCFA LLC – Loan Participation 5
6.16%⁽⁶⁾	07/03/27	6,200,000		6,200,000
Neuberger Berman Loan Advisers CLO 24 Ltd. Series 2021-44A, Class DR
6.44% (3 mo. USD Term SOFR + 2.650%)^(1),(2)	10/16/35	2,750,000		2,729,235
Neuberger Berman Loan Advisers CLO 26 Ltd. Series 2017-26A
0.00%^(2),(7)	10/18/38	5,540,000		1,671,872
Neuberger Berman Loan Advisers CLO 40 Ltd. Series 2021-40A, Class SUB
0.00%^(2),(7)	10/16/37	316,250		121,080
New Mountain CLO 8 Ltd. Series CLO-8A, Class M
0.10%^(2),(6),(8)	10/20/38	400,000		—
New Mountain CLO 8 Ltd. Series CLO-8A, Class SUB
0.00%^(2),(7)	10/20/38	4,000,000		2,639,964
Newday Funding Master Issuer PLC Series 2024-2X, Class E
7.64% (1 day GBP SONIA + 3.900%)^(1),(3)	07/15/32	GBP 1,600,000		2,186,983


Issues	Maturity Date	Principal Amount	Value
Newday Funding Master Issuer PLC Series 2025-2A, Class E
6.74% (1 day GBP SONIA + 3.000%)^(1),(2)	07/15/33	GBP 2,500,000	$	3,369,046
NMEF Funding LLC Series 2025-B, Class E
7.66%⁽²⁾	01/18/33	2,300,000		2,335,294
OCP Aegis CLO Ltd. Series 2023-29A, Class D2R
7.58% (3 mo. USD Term SOFR + 3.850%)^(1),(2)	01/20/36	1,100,000		1,090,285
OCP Aegis CLO Ltd. Series 2024-39A, Class D1R
6.39% (3 mo. USD Term SOFR + 2.600%)^(1),(2)	04/16/38	2,000,000		2,006,808
OCP CLO Ltd. Series 2021-23A, Class SUB
6.80%^(2),(9)	01/17/39	4,714,493		1,970,677
Octagon 56 Ltd. Series 2021-1AR, Class CR
5.85% (3 mo. USD Term SOFR + 2.100%)^(1),(2)	10/15/34	2,955,000		2,958,635
Octagon Investment Partners 29 Ltd. Series 2016-1A, Class CR3
5.63% (3 mo. USD Term SOFR + 1.900%)^(1),(2)	07/18/37	2,670,000		2,674,966
Oxford Finance Funding Trust LLC Series 2025-1A, Class B
6.49%⁽²⁾	02/15/35	3,770,000		3,742,729
Palmer Square European Loan Funding DAC Series 2024-3A, Class B
4.13% (3 mo. EUR EURIBOR + 1.850%)^(1),(2)	05/15/34	EUR 1,400,000		1,624,208
Park Avenue Institutional Advisers CLO Ltd. Series 2021-2A, Class DR
7.10% (3 mo. USD Term SOFR + 3.350%)^(1),(2)	07/15/34	2,200,000		2,205,511
PHEAA Student Loan Trust Series 2014-3A, Class A
4.32% (30 day USD SOFR Average + 0.704%)^(1),(2)	08/25/40	12,106		12,020
QTS Issuer ABS II LLC Series 2026-1A, Class B
6.73%⁽²⁾	01/05/56	3,500,000		3,460,310
Rockford Tower CLO Ltd. Series 2019-1A, Class DR
7.09% (3 mo. USD Term SOFR + 3.362%)^(1),(2)	04/20/34	1,900,000		1,857,499
Rockford Tower CLO Ltd. Series 2019-2A, Class BR2
5.29% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	08/20/32	2,000,000		2,001,246
Santander Consumer Auto Receivables Trust Series 2021-CA, Class R
0.00%^{(2),(6),(7),(10)}	06/15/28	5,150		558,295
Sierra Timeshare Receivables Funding LLC Series 2024-2A, Class C
5.83%⁽²⁾	06/20/41	322,422		324,640
Sierra Timeshare Receivables Funding LLC Series 2025-2A, Class D
6.79%⁽²⁾	04/20/44	1,021,157		1,014,120
Sixth Street CLO VIII Ltd. Series 2017-8A, Class CR2
6.68% (3 mo. USD Term SOFR + 2.950%)^(1),(2)	10/20/34	3,450,000		3,432,995
Sixth Street CLO XX Ltd. Series 2021-20A, Class SUB
0.00%^(2),(7)	07/17/38	3,100,250		1,168,416

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Skyline Aviation, Inc. Class A
3.23%⁽⁶⁾	07/03/38	$ 373,914	$	353,509
Slam Ltd. Series 2024-1A, Class A
5.34%⁽²⁾	09/15/49	1,910,306		1,890,583
SLM Student Loan Trust Series 2004-1, Class B
4.39% (90 day USD SOFR Average + 0.762%)⁽¹⁾	07/25/39	90,243		87,106
SVC ABS LLC Series 2026-1A, Class M
7.55%⁽²⁾	03/20/56	5,300,000		5,416,411
Switch ABS Issuer LLC Series 2024-1A, Class B
6.50%⁽²⁾	03/25/54	400,000		398,825
Switch ABS Issuer LLC Series 2024-2A, Class C
10.03%⁽²⁾	06/25/54	6,860,000		6,974,076
Switch ABS Issuer LLC Series 2025-2A, Class B
6.24%⁽²⁾	10/25/55	3,215,000		3,113,647
Symphony CLO 30 Ltd. Series 2023-30AR, Class CR2
5.73% (3 mo. USD Term SOFR + 2.000%)^(1),(2)	10/20/37	3,750,000		3,754,890
Taco Bell Funding LLC Series 2021-1A, Class A2I
1.95%⁽²⁾	08/25/51	953,025		939,028
Textainer Marine Containers VII Ltd. Series 2021-1A, Class B
2.52%⁽²⁾	02/20/46	434,810		408,094
Trinitas CLO XXII Ltd. Series 2023-22A, Class D1R
6.83% (3 mo. USD Term SOFR + 3.100%)^(1),(2)	03/20/38	1,740,000		1,745,117
Truist Bank Auto Credit-Linked Notes Series 2025-1, Class C
6.81%⁽²⁾	09/26/33	1,462,630		1,458,484
U.S. Bank C&I Credit-Linked Notes Series 2025-SUP2, Class D
5.82% (30 day USD SOFR Average + 2.200%)^(1),(2)	09/25/32	2,945,242		2,943,027
U.S. Bank NA Series 2026-SUP1, Class D
5.87% (30 day USD SOFR Average + 2.250%)^(1),(2)	06/27/33	4,722,975		4,731,019
U.S. Bank NA Series 2026-SUP1, Class E
7.12% (30 day USD SOFR Average + 3.500%)^(1),(2)	06/27/33	2,901,518		2,948,663
Unity-Peace Park CLO Ltd. Series 2022-1A, Class CR
5.38% (3 mo. USD Term SOFR + 1.650%)^(1),(2)	04/20/35	2,800,000		2,797,001
VB-S1 Issuer LLC Series 2022-1A, Class F
5.27%⁽²⁾	02/15/52	2,075,000		2,060,269
VB-S1 Issuer LLC Series 2026-1A, Class F
6.84%⁽²⁾	03/15/56	2,860,000		2,862,773
Voya CLO Ltd. Series 2019-4A, Class ER
10.72% (3 mo. USD Term SOFR + 6.972%)^(1),(2)	01/15/35	1,351,000		1,319,701
Western Funding Auto Loan Trust Series 2025-1, Class D
5.79%⁽²⁾	01/15/36	2,500,000		2,505,745
Wingstop Funding LLC Series 2020-1A, Class A2
2.84%⁽²⁾	12/05/50	1,477,500		1,435,489
Wireless PropCo Funding LLC Series 2025-1A, Class C
8.51%⁽²⁾	06/25/55	2,250,000		2,274,221

Total Asset-Backed Securities (Cost: $401,872,475)				390,862,087


Issues	Maturity Date	Principal Amount	Value
COMMERCIAL MORTGAGE-BACKED SECURITIES — AGENCY — 0.0%
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K062, Class X3 (I/O)
2.08%⁽⁹⁾	01/25/45	$ 2,999,971	$	25,250
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K106, Class X1 (I/O)
1.31%⁽⁹⁾	01/25/30	9,007,069		353,743
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KC05, Class X1 (I/O)
1.12%⁽⁹⁾	06/25/27	243,635		2,024
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series KLU1, Class X3 (I/O)
4.00%⁽⁹⁾	01/25/31	134,708		15,581
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series Q013, Class XPT2 (I/O)
1.81%⁽⁹⁾	05/25/27	2,979,005		35,980
Federal National Mortgage Association-ACES Series 2016-M11, Class X2 (I/O)
2.97%⁽⁹⁾	07/25/39	166,599		2,986
Federal National Mortgage Association-ACES Series 2016-M4, Class X2 (I/O)
2.69%⁽⁹⁾	01/25/39	377,718		12,776
Government National Mortgage Association Series 2009-111, Class IO (I/O)
0.00%⁽⁷⁾	09/16/51	672,768		4,969
Government National Mortgage Association Series 2011-119, Class IO (I/O)
0.13%⁽⁹⁾	08/16/51	733,146		2,526
Government National Mortgage Association Series 2012-123 (I/O)
0.60%⁽⁹⁾	12/16/51	1,148,950		18,260
Government National Mortgage Association Series 2012-135 (I/O)
0.35%⁽⁹⁾	01/16/53	201,144		2,701
Government National Mortgage Association Series 2013-33, Class IO (I/O)
0.14%⁽⁹⁾	04/16/54	274,813		451
Government National Mortgage Association Series 2014-126, Class IO (I/O)
0.69%⁽⁹⁾	02/16/55	3,888,696		116,908

Total Commercial Mortgage-Backed Securities — Agency (Cost: $929,761)				594,155

COMMERCIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY—14.3%
1211 Avenue of the Americas Trust Series 2015-1211, Class C
4.14%^(2),(9)	08/10/35	1,080,000		1,035,315
1211 Avenue of the Americas Trust Series 2015-1211, Class D
4.14%^(2),(9)	08/10/35	4,365,000		4,163,119
1345 Trust Series 2025-AOA, Class D
6.68% (1 mo. USD Term SOFR + 3.000%)^(1),(2)	06/15/42	3,000,000		3,007,168
245 Park Avenue Trust Series 2017-245P, Class E
3.66%^(2),(9)	06/05/37	4,800,000		4,688,110
280 Park Avenue Mortgage Trust Series 2017-280P, Class C
5.22% (1 mo. USD Term SOFR + 1.550%)^(1),(2)	09/15/34	1,700,000		1,694,889
280 Park Avenue Mortgage Trust Series 2017-280P, Class E
6.09% (1 mo. USD Term SOFR + 2.419%)^(1),(2)	09/15/34	4,430,280		4,406,259

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
ACRE Multifamily Housing Mortgage Loan Trust Series 2022-Q018, Class B
7.62% (30 day USD SOFR Average + 4.000%)^(1),(2)	06/25/27	$3,070,725	$	3,064,448
ACREC LLC Series 2026-FL4, Class C
5.67% (1 mo. USD Term SOFR + 2.000%)^(1),(2)	01/18/43	4,000,000		4,005,873
AMSR Trust Series 2021-SFR1, Class F
3.60%⁽²⁾	06/17/38	3,530,000		3,371,298
AMSR Trust Series 2021-SFR1, Class G
4.61%⁽²⁾	06/17/38	2,500,000		2,421,244
AMSR Trust Series 2021-SFR3, Class F
3.23%⁽²⁾	10/17/38	5,809,000		5,768,831
AMSR Trust Series 2021-SFR3, Class G
3.80%⁽²⁾	10/17/38	4,260,000		4,233,749
AMSR Trust Series 2021-SFR3, Class H
4.90%⁽²⁾	10/17/38	1,500,000		1,493,153
AMSR Trust Series 2021-SFR3, Class I
5.88%⁽²⁾	10/17/38	4,520,000		4,503,531
AMSR Trust Series 2022-SFR1, Class F
6.02%⁽²⁾	03/17/39	3,150,000		3,139,947
AMSR Trust Series 2022-SFR1, Class G
5.00%⁽²⁾	03/17/39	3,290,000		3,256,883
AMSR Trust Series 2024-SFR1, Class E
4.29%⁽²⁾	07/17/41	4,653,000		4,403,906
AMSR Trust Series 2024-SFR2, Class F1
4.15%⁽²⁾	11/17/41	3,200,000		2,959,144
AMSR Trust Series 2025-SFR1, Class F1
3.66%⁽²⁾	06/17/42	3,000,000		2,681,921
AMSR Trust Series 2025-SFR1, Class F2
3.66%⁽²⁾	06/17/42	2,566,000		2,274,138
AMSR Trust Series 2025-SFR2, Class E2
4.28%⁽²⁾	11/17/42	4,560,000		4,202,732
AMSR Trust Series 2025-SFR2, Class F1
4.28%⁽²⁾	11/17/42	9,380,000		8,486,377
Arbor Realty Commercial Real Estate Notes LLC Series 2025-FL1, Class C
6.36% (1 mo. USD Term SOFR + 2.693%)^(1),(2)	01/20/43	2,300,000		2,312,896
ARZ Trust Series 2024-BILT, Class F
8.27%⁽²⁾	06/11/39	2,325,000		2,366,678
ARZ Trust Series 2024-BILT, Class G
8.80%⁽²⁾	06/11/39	2,400,000		2,434,419
Banc of America Commercial Mortgage Trust Series 2015-UBS7, Class XE (I/O)
1.25%^(2),(9)	09/15/48	500,000		120
Bank Series 2020-BN25, Class C
3.35%⁽⁹⁾	01/15/63	5,941,000		5,066,665
BBCMS Mortgage Trust Series 2015-SRCH, Class D
4.96%^(2),(9)	08/10/35	4,500,000		4,444,694
Benchmark Mortgage Trust Series 2024-V10, Class C
5.68%⁽⁹⁾	09/15/57	1,338,000		1,304,856
Benchmark Mortgage Trust Series 2024-V8, Class C
6.95%⁽⁹⁾	07/15/57	2,000,000		2,033,741
BFLD Commercial Mortgage Trust Series 2024-UNIV, Class D
6.37% (1 mo. USD Term SOFR + 2.691%)^(1),(2)	11/15/41	3,010,000		3,022,243
BGME Trust Series 2021-VR, Class C
2.99%^(2),(9)	01/10/43	1,600,000		1,231,869
BGME Trust Series 2021-VR, Class D
2.99%^(2),(9)	01/10/43	1,700,000		1,256,642


Issues	Maturity Date	Principal Amount	Value
BPR Commercial Mortgage Trust Series 2024-PARK, Class E
9.69%^(2),(9)	11/05/39	$2,690,000	$	2,856,853
BSPDF Issuer LLC Series 2026-FL4, Class D
6.42% (1 mo. USD Term SOFR + 2.750%)^(1),(2)	11/18/43	3,000,000		2,999,648
BX Commercial Mortgage Trust Series 2020-VIV2, Class C
3.54%^(2),(9)	03/09/44	1,100,000		1,016,861
BX Commercial Mortgage Trust Series 2020-VIVA, Class E
3.55%^(2),(9)	03/11/44	1,200,000		1,082,231
BX Commercial Mortgage Trust Series 2025-BCAT, Class D
6.33% (1 mo. USD Term SOFR + 2.650%)^(1),(2)	08/15/42	3,080,000		3,103,107
BX Commercial Mortgage Trust Series 2025-BCAT, Class E
7.18% (1 mo. USD Term SOFR + 3.500%)^(1),(2)	08/15/42	4,536,000		4,566,001
BX Commercial Mortgage Trust Series 2025-SPOT, Class E
7.37% (1 mo. USD Term SOFR + 3.690%)^(1),(2)	04/15/40	2,067,312		2,074,478
BX Commercial Mortgage Trust Series 2026-CSMO, Class D
6.13% (1 mo. USD Term SOFR + 2.450%)^(1),(2)	02/15/43	3,840,000		3,881,950
BX Commercial Mortgage Trust Series 2026-XL6, Class E
6.68% (1 mo. USD Term SOFR + 3.000%)^(1),(2)	03/15/43	2,350,898		2,373,509
BX Trust Series 2019-OC11, Class E
3.94%^(2),(9)	12/09/41	3,000,000		2,718,568
BX Trust Series 2023-LIFE, Class C
5.88%⁽²⁾	02/15/28	3,920,000		3,796,777
BX Trust Series 2023-LIFE, Class D
6.87%⁽²⁾	02/15/28	4,300,000		4,138,934
BX Trust Series 2024-BIO, Class B
5.62% (1 mo. USD Term SOFR + 1.941%)^(1),(2)	02/15/41	2,000,000		2,001,849
BX Trust Series 2024-BIO, Class C
6.32% (1 mo. USD Term SOFR + 2.640%)^(1),(2)	02/15/41	1,837,000		1,829,475
BX Trust Series 2024-BIO, Class D
7.32% (1 mo. USD Term SOFR + 3.639%)^(1),(2)	02/15/41	1,530,000		1,519,126
BX Trust Series 2025-LUNR, Class E
7.63% (1 mo. USD Term SOFR + 3.950%)^(1),(2)	06/15/40	1,556,520		1,563,766
BX Trust Series 2025-ROIC, Class E
6.62% (1 mo. USD Term SOFR + 2.941%)^(1),(2)	03/15/30	1,575,102		1,578,252
BX Trust Series 2025-VLT6, Class E
6.87% (1 mo. USD Term SOFR + 3.191%)^(1),(2)	03/15/42	2,900,000		2,887,580
BX Trust Series 2025-VLT7, Class D
6.93% (1 mo. USD Term SOFR + 3.250%)^(1),(2)	07/15/44	5,620,000		5,635,117

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
BX Trust Series 2026-ORBT, Class E
6.68% (1 mo. USD Term SOFR + 3.000%)^(1),(2)	07/15/43	$ 3,720,000	$	3,742,766
BXHPP Trust Series 2021-FILM, Class E
5.79% (1 mo. USD Term SOFR + 2.114%)^(1),(2)	08/15/36	1,200,000		1,014,727
BXP Trust Series 2017-GM, Class D
3.42%^(2),(9)	06/13/39	1,000,000		979,457
BXP Trust Series 2017-GM, Class E
3.42%^(2),(9)	06/13/39	750,000		729,238
BXSC Commercial Mortgage Trust Series 2022-WSS, Class B
5.77% (1 mo. USD Term SOFR + 2.092%)^(1),(2)	03/15/35	1,643,972		1,644,990
Caister Finance DAC Series 1A, Class E
9.50% (1 day GBP SONIA + 5.750%)^(1),(2)	08/17/35	GBP 2,115,000		2,837,825
CD Mortgage Trust Series 2016-CD1, Class XA (I/O)
1.41%⁽⁹⁾	08/10/49	2,883,812		29
Century Plaza Towers Series 2019-CPT, Class F
3.00%^(2),(9)	11/13/39	450,000		362,585
CGMS Commercial Mortgage Trust Series 2017-B1, Class XF (I/O)
0.80%^(2),(9)	08/15/50	11,628,000		74,349
CHI Commercial Mortgage Trust Series 2025-SFT, Class D
7.32%^(2),(9)	04/15/42	1,920,000		1,927,179
Citigroup Commercial Mortgage Trust Series 2016-GC36, Class XA (I/O)
0.91%⁽⁹⁾	02/10/49	753,103		8
Citigroup Commercial Mortgage Trust Series 2020-555, Class A
2.65%⁽²⁾	12/10/41	1,450,000		1,305,951
COMM Mortgage Trust Series 2012-CR4, Class XA (I/O)
1.14%⁽⁹⁾	10/15/45	160,043		4,018
COMM Mortgage Trust Series 2012-LC4, Class XB (I/O)
0.42%^(2),(8),(9)	12/10/44	793,834		8
COMM Mortgage Trust Series 2014-CR19, Class XC (I/O)
0.92%^(2),(9)	08/10/47	534,492		2,600
COMM Mortgage Trust Series 2014-UBS5, Class XA (I/O)
0.53%⁽⁹⁾	09/10/47	1,241,861		12
COMM Mortgage Trust Series 2015-LC21, Class XE (I/O)
1.04%^(2),(8),(9)	07/10/48	10,015,000		100
CONE Trust Series 2024-DFW1, Class B
5.97% (1 mo. USD Term SOFR + 2.291%)^(1),(2)	08/15/41	1,267,000		1,265,602
CoreVest American Finance Trust Series 2019-3, Class XA (I/O)
1.99%^(2),(8),(9)	10/15/52	21,019		—
CoreVest American Finance Trust Series 2021-1, Class XB (I/O)
1.26%^(2),(9)	04/15/53	4,459,000		165,373
CRSNT Trust Series 2026-MOON, Class D
6.08% (1 mo. USD Term SOFR + 2.400%)^(1),(2)	02/15/43	2,700,000		2,714,498
CRSNT Trust Series 2026-MOON, Class E
7.18% (1 mo. USD Term SOFR + 3.500%)^(1),(2)	02/15/43	3,000,000		3,020,680
CSAIL Commercial Mortgage Trust Series 2019-C16, Class XA (I/O)
1.53%⁽⁹⁾	06/15/52	528,219		17,768


Issues	Maturity Date	Principal Amount	Value
CVLR Trust Series 2026-R3LX, Class D
6.53% (1 mo. USD Term SOFR + 2.850%)^(1),(2)	06/15/43	$ 3,000,000	$	3,003,727
DBGS Mortgage Trust Series 2021-W52, Class B
5.69% (1 mo. USD Term SOFR + 2.011%)^(1),(2)	10/15/39	3,600,000		3,557,588
DBGS Mortgage Trust Series 2021-W52, Class C
6.24% (1 mo. USD Term SOFR + 2.564%)^(1),(2)	10/15/39	1,350,000		1,327,999
DBJPM Mortgage Trust Series 2016-C1, Class XA (I/O)
0.97%⁽⁹⁾	05/10/49	458,225		5
DBSG Mortgage Trust Series 2024-ALTA, Class D
7.06%^(2),(9)	06/10/37	500,000		501,061
Del Amo Fashion Center Trust Series 2017-AMO, Class D
3.64%^(2),(9)	06/05/35	1,515,000		1,459,873
DGWD Trust Series 2025-INFL, Class D
6.43% (1 mo. USD Term SOFR + 2.750%)^(1),(2)	08/15/35	2,510,000		2,500,995
DGWD Trust Series 2025-INFL, Class E
7.68% (1 mo. USD Term SOFR + 4.000%)^(1),(2)	08/15/35	2,425,000		2,420,919
DOLP Trust Series 2021-NYC, Class E
3.70%^(2),(9)	05/10/41	600,000		500,800
DOLP Trust Series 2021-NYC, Class G
3.70%^(2),(9)	05/10/41	2,250,000		1,725,097
ELP Commercial Mortgage Trust Series 2025-ELP, Class E
6.45%^(2),(9)	11/13/42	4,150,000		4,118,535
Extended Stay America Trust Series 2025-ESH, Class D
6.28% (1 mo. USD Term SOFR + 2.600%)^(1),(2)	10/15/42	5,335,759		5,393,686
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K049, Class X3 (I/O)
4.05%⁽⁹⁾	10/25/43	181,304		2
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K056, Class X3 (I/O)
3.73%⁽⁹⁾	06/25/44	1,419,061		14
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series K736, Class X3 (I/O)
1.96%⁽⁹⁾	09/25/47	1,174,812		12
Federal National Mortgage Association-ACES Series 2016-M2, Class X3 (I/O)
2.04%⁽⁹⁾	04/25/36	50,828		1
FirstKey Homes Trust Series 2021-SFR1, Class F1
3.24%⁽²⁾	08/17/38	9,000,000		8,977,959
FirstKey Homes Trust Series 2021-SFR1, Class F3
3.69%⁽²⁾	08/17/38	6,393,000		6,376,621
FirstKey Homes Trust Series 2021-SFR3, Class E1
2.99%⁽²⁾	12/17/38	944,000		933,979
FirstKey Homes Trust Series 2022-SFR1, Class D
5.20%⁽²⁾	05/19/39	1,600,000		1,588,489
Fontainebleau Miami Beach Mortgage Trust Series 2024-FBLU, Class D
6.28% (1 mo. USD Term SOFR + 2.600%)^(1),(2)	12/15/39	5,000,000		5,038,621
Fontainebleau Miami Beach Mortgage Trust Series 2024-FBLU, Class E
6.83% (1 mo. USD Term SOFR + 3.150%)^(1),(2)	12/15/39	3,887,000		3,919,610

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
FRTKL Group, Inc. Series 2021-SFR1, Class F
3.17%⁽²⁾	09/17/38	$ 1,779,000	$	1,769,078
FRTKL Group, Inc. Series 2021-SFR1, Class G
4.11%⁽²⁾	09/17/38	5,073,000		5,042,699
FS Commercial Mortgage Trust Series 2023-4SZN, Class E
10.42%^(2),(9)	11/10/39	1,000,000		1,005,658
Great Wolf Trust Series 2024-WOLF, Class C
6.07% (1 mo. USD Term SOFR + 2.391%)^(1),(2)	03/15/39	4,000,000		4,024,681
Great Wolf Trust Series 2024-WOLF, Class E
7.32% (1 mo. USD Term SOFR + 3.639%)^(1),(2)	03/15/39	3,225,000		3,250,638
Great Wolf Trust Series 2024-WOLF, Class F
8.11% (1 mo. USD Term SOFR + 4.438%)^(1),(2)	03/15/39	2,610,000		2,632,924
GS Mortgage Securities Corp. Trust Series 2017-375H, Class B
3.48%^(2),(9)	09/10/37	2,920,000		2,832,075
GS Mortgage Securities Corp. Trust Series 2024-UPTN, Class E
9.38% (1 mo. USD Term SOFR + 5.700%)^(1),(2)	10/15/29	1,450,000		1,456,244
GS Mortgage Securities Trust Series 2015-GC34, Class XA (I/O)
0.63%⁽⁹⁾	10/10/48	254,949		3
GS Mortgage Securities Trust Series 2016-GS2, Class XA (I/O)
1.32%⁽⁹⁾	05/10/49	33,135		—
GS Mortgage Securities Trust Series 2016-GS4, Class XA (I/O)
0.34%⁽⁹⁾	11/10/49	7,818,521		78
GWT Trust Series 2024-WLF2, Class B
5.82% (1 mo. USD Term SOFR + 2.141%)^(1),(2)	05/15/41	522,000		524,214
HAVN Trust Series 2025-MOB, Class D
7.48% (1 mo. USD Term SOFR + 3.800%)^(1),(2)	10/15/35	3,315,000		3,202,920
Hilton USA Trust Series 2016-HHV, Class F
4.19%^(2),(9)	11/05/38	5,135,000		5,098,393
Hilton USA Trust Series 2025-NVIL, Class E
8.96% (1 mo. USD Term SOFR + 5.288%)^(1),(2)	07/15/42	1,010,000		1,021,925
Hilton USA Trust Series 2025-NVIL, Class F
10.61% (1 mo. USD Term SOFR + 6.936%)^(1),(2)	07/15/42	1,075,000		1,085,951
Hudson Yards Mortgage Trust Series 2019-30HY, Class D
3.44%^(2),(9)	07/10/39	800,000		736,266
Hudson Yards Mortgage Trust Series 2019-55HY, Class D
2.94%^(2),(9)	12/10/41	4,000,000		3,593,846
Hudson Yards Mortgage Trust Series 2025-SPRL, Class E
6.68%^(2),(9)	01/13/40	1,000,000		1,018,806
Hudson Yards Mortgage Trust Series 2025-SPRL, Class F
7.40%^(2),(9)	01/13/40	1,550,000		1,554,514
Idun European Loan Conduit No. 42 SARL Series 42A, Class D
5.31% (3 mo. EUR EURIBOR + 2.900%)^(1),(2)	07/28/38	EUR 2,400,000		2,770,347


Issues	Maturity Date	Principal Amount	Value
ILPT Commercial Mortgage Trust Series 2025-LPF2, Class E
8.20%^(2),(9)	07/13/42	$ 2,235,000	$	2,258,480
IRV Trust Series 2025-200P, Class D
6.17%^(2),(9)	03/14/47	1,370,000		1,365,940
JPMBB Commercial Mortgage Securities Trust Series 2015-C30, Class XA (I/O)
0.00%⁽⁹⁾	07/15/48	2,264,563		23
JPMBB Commercial Mortgage Securities Trust Series 2015-C31, Class XA (I/O)
0.43%⁽⁹⁾	08/15/48	171,903		2
JPMCC Commercial Mortgage Securities Trust Series 2017-JP5, Class XA (I/O)
0.76%⁽⁹⁾	03/15/50	3,635,213		10,019
JPMDB Commercial Mortgage Securities Trust Series 2016-C2, Class XA (I/O)
1.21%⁽⁹⁾	06/15/49	64,046		1
JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX, Class XB (I/O)
0.51%^(2),(8),(9)	06/15/45	46,918,825		469
JPMorgan Chase Commercial Mortgage Securities Trust Series 2019-COR4, Class A3
3.76%	03/10/52	500,000		494,095
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-LOOP, Class XB (I/O)
0.25%^(2),(9)	12/05/38	2,003,380		1,423
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class XAFX (I/O)
1.88%^(2),(9)	01/16/37	450,000		8,353
JPMorgan Chase Commercial Mortgage Securities Trust Series 2020-NNN, Class XBFX (I/O)
0.57%^(2),(9)	01/16/37	1,450,000		8,529
JPMorgan Chase Commercial Mortgage Securities Trust Series 2026-FUN, Class E
7.23% (1 mo. USD Term SOFR + 3.550%)^(1),(2)	06/15/39	3,550,000		3,566,902
KSL Commercial Mortgage Trust Series 2025-MH, Class E
7.62% (1 mo. USD Term SOFR + 3.940%)^(1),(2)	12/15/42	6,500,000		6,508,277
KSL Commercial Mortgage Trust Series 2026-HT3, Class E
7.43% (1 mo. USD Term SOFR + 3.750%)^(1),(2)	06/15/43	3,000,000		3,013,267
LMRE SFR1 Trust Series 2025-SFR1, Class F1
6.85%⁽²⁾	12/17/42	5,370,000		5,251,213
MAD Commercial Mortgage Trust Series 2025-11MD, Class D
6.36%^(2),(9)	10/15/42	2,300,000		2,319,659
MAD Commercial Mortgage Trust Series 2025-11MD, Class E
7.33%^(2),(9)	10/15/42	2,300,000		2,292,295
Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C5, Class XC (I/O)
0.14%^(2),(8),(9)	08/15/45	16,952,810		170
Morgan Stanley Bank of America Merrill Lynch Trust Series 2013-C12, Class XC (I/O)
0.98%^(2),(9)	10/15/46	15,953,130		224,603
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C22, Class XA (I/O)
0.50%⁽⁹⁾	04/15/48	159,482		2
Morgan Stanley Capital I Trust Series 2011-C2, Class XB (I/O)
0.50%^(2),(9)	06/15/44	9,923,196		37,003

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Natixis Commercial Mortgage Securities Trust Series 2018-ALXA, Class E
4.32%^(2),(9)	01/15/43	$ 100,000	$	89,657
Natixis Commercial Mortgage Securities Trust Series 2020-2PAC, Class AMZ1
3.50%^(2),(9)	01/15/37	3,041,000		2,607,629
New Residential Mortgage Loan Trust Series 2022-SFR1, Class G
5.00%⁽²⁾	02/17/39	7,900,000		7,794,519
New Residential Mortgage Loan Trust Series 2022-SFR1, Class H
5.40%⁽²⁾	02/17/39	3,680,000		3,630,388
NXPT Commercial Mortgage Trust Series 2024-STOR, Class E
6.70%^(2),(9)	11/05/41	811,000		800,538
NYC Commercial Mortgage Trust Series 2021-909, Class D
3.21%^(2),(9)	04/10/43	1,400,000		1,050,275
NYC Commercial Mortgage Trust Series 2025-1155, Class C
6.81%⁽²⁾	06/10/42	3,800,000		3,799,417
NYC Commercial Mortgage Trust Series 2025-1155, Class E
7.36%^(2),(9)	06/10/42	3,355,000		3,273,725
NYC Commercial Mortgage Trust Series 2025-3BP, Class D
6.12% (1 mo. USD Term SOFR + 2.441%)^(1),(2)	02/15/42	4,200,000		4,218,199
NYCT Trust Series 2024-3ELV, Class C
6.52% (1 mo. USD Term SOFR + 2.840%)^(1),(2)	08/15/29	6,500,000		6,482,567
NYO Commercial Mortgage Trust Series 2021-1290, Class B
5.34% (1 mo. USD Term SOFR + 1.659%)^(1),(2)	12/15/38	1,780,000		1,778,136
NYO Commercial Mortgage Trust Series 2021-1290, Class C
5.79% (1 mo. USD Term SOFR + 2.109%)^(1),(2)	11/15/38	820,000		818,566
NYO Commercial Mortgage Trust Series 2021-1290, Class D
6.34% (1 mo. USD Term SOFR + 2.659%)^(1),(2)	11/15/38	2,765,000		2,757,497
PFP Ltd. Series 2025-12, Class C
6.21% (1 mo. USD Term SOFR + 2.542%)^(1),(2)	12/18/42	2,840,000		2,851,460
PFP Ltd. Series 2025-12, Class D
6.76% (1 mo. USD Term SOFR + 3.091%)^(1),(2)	12/18/42	1,834,000		1,833,308
Progress Residential Trust Series 2021-SFR10, Class F
4.61%⁽²⁾	12/17/40	1,118,543		1,087,180
Progress Residential Trust Series 2021-SFR10, Class H
5.23%⁽²⁾	12/17/40	7,934,616		7,679,477
Progress Residential Trust Series 2021-SFR11, Class F
4.42%⁽²⁾	01/17/39	1,250,000		1,205,766
Progress Residential Trust Series 2021-SFR8, Class F
3.18%⁽²⁾	10/17/38	2,433,000		2,419,410
Progress Residential Trust Series 2021-SFR8, Class G
4.01%⁽²⁾	10/17/38	1,488,000		1,479,534
Progress Residential Trust Series 2021-SFR9, Class E1
2.81%⁽²⁾	11/17/40	1,531,000		1,440,757
Progress Residential Trust Series 2021-SFR9, Class F
4.05%⁽²⁾	11/17/40	3,960,000		3,806,759
Progress Residential Trust Series 2022-SFR1, Class F
4.88%⁽²⁾	02/17/41	1,770,000		1,702,437


Issues	Maturity Date	Principal Amount	Value
Progress Residential Trust Series 2022-SFR1, Class G
5.52%⁽²⁾	02/17/41	$ 5,160,000	$	4,999,284
Progress Residential Trust Series 2022-SFR1, Class H
5.25%⁽²⁾	02/17/41	7,720,000		7,444,124
Progress Residential Trust Series 2022-SFR3, Class E2
5.60%⁽²⁾	04/17/39	2,895,000		2,881,592
Progress Residential Trust Series 2023-SFR1, Class E1
6.15%⁽²⁾	03/17/40	3,600,000		3,584,040
Progress Residential Trust Series 2023-SFR2, Class E1
4.75%⁽²⁾	10/17/40	5,141,000		4,995,548
Progress Residential Trust Series 2024-SFR2, Class E2
3.65%^(2),(9)	04/17/41	2,800,000		2,622,636
Progress Residential Trust Series 2024-SFR2, Class F
3.65%^(2),(9)	04/17/41	5,000,000		4,633,368
Progress Residential Trust Series 2024-SFR4, Class E2
3.40%⁽²⁾	07/17/41	4,500,000		4,168,344
Progress Residential Trust Series 2024-SFR4, Class F1
3.40%⁽²⁾	07/17/41	6,482,000		5,934,812
Progress Residential Trust Series 2024-SFR5, Class E1
3.38%^(2),(9)	08/17/41	7,860,000		7,210,343
Progress Residential Trust Series 2024-SFR5, Class E2
3.63%^(2),(9)	08/17/41	2,050,000		1,879,041
Progress Residential Trust Series 2025-SFR1, Class E2
3.75%⁽²⁾	02/17/42	5,780,000		5,323,902
RIDE Series 2025-SHRE, Class D
6.75%^(2),(9)	02/14/47	3,000,000		3,004,679
RIDE Series 2025-SHRE, Class E
7.81%^(2),(9)	02/14/47	2,500,000		2,523,829
ROCK Trust Series 2024-CNTR, Class E
8.82%⁽²⁾	11/13/41	6,375,000		6,637,821
Sage AR Funding Series 2026-2A, Class C
6.49% (1 day GBP SONIA + 2.750%)^(1),(2)	08/18/38	GBP 3,500,000		4,647,814
SCG Commercial Mortgage Trust Series 2025-FLWR, Class D
5.98% (1 mo. USD Term SOFR + 2.300%)^(1),(2)	08/15/42	3,500,000		3,514,581
Sequoia Logistics DAC Series 2025-1A, Class E
6.08% (3 mo. EUR EURIBOR + 3.800%)^(1),(2)	02/17/37	EUR 3,350,000		3,867,757
Sequoia Logistics DAC Series 2025-1X, Class C
4.18% (3 mo. EUR EURIBOR + 1.900%)^(1),(3)	02/17/37	EUR 3,840,000		4,435,065
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2A
3.66%^(2),(9)	01/05/43	400,000		346,675
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class A2B
4.14%^(2),(9)	01/05/43	460,000		400,047
SFAVE Commercial Mortgage Securities Trust Series 2015-5AVE, Class C
4.39%^(2),(9)	01/05/43	925,000		718,413
SFO Commercial Mortgage Trust Series 2021-555, Class A
5.19% (1 mo. USD Term SOFR + 1.514%)^(1),(2)	05/15/38	1,040,000		1,039,852
SFO Commercial Mortgage Trust Series 2021-555, Class D
6.44% (1 mo. USD Term SOFR + 2.764%)^(1),(2)	05/15/38	500,000		499,826
SLG Office Trust Series 2021-OVA, Class E
2.85%⁽²⁾	07/15/41	4,700,000		4,015,925

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
SMRT Commercial Mortgage Trust Series 2022-MINI, Class D
5.63% (1 mo. USD Term SOFR + 1.950%)^(1),(2)	01/15/39	$ 1,400,000	$	1,399,451
SMRT Commercial Mortgage Trust Series 2022-MINI, Class F
7.03% (1 mo. USD Term SOFR + 3.350%)^(1),(2)	01/15/39	6,500,000		6,478,510
SREIT Trust Series 2021-MFP2, Class C
5.16% (1 mo. USD Term SOFR + 1.485%)^(1),(2)	11/15/36	1,060,000		1,059,790
STWD LLC Series 2025-FL4, Class D
6.32% (1 mo. USD Term SOFR + 2.650%)^(1),(2)	11/19/42	3,500,000		3,499,276
SWCH Commercial Mortgage Trust Series 2025-DATA, Class E
7.02% (1 mo. USD Term SOFR + 3.340%)^(1),(2)	02/15/42	6,300,000		6,246,282
TEXAS Commercial Mortgage Trust Series 2025-TWR, Class D
6.77% (1 mo. USD Term SOFR + 3.091%)^(1),(2)	04/15/42	1,325,000		1,330,601
Tricon Residential Trust Series 2022-SFR1, Class E2
5.74%⁽²⁾	04/17/39	1,600,000		1,586,677
Tricon Residential Trust Series 2024-SFR4, Class D
5.35%⁽²⁾	11/17/41	1,480,000		1,452,826
TRTX Issuer Ltd. Series 2025-FL7, Class B
5.62% (1 mo. USD Term SOFR + 1.950%)^(1),(2)	06/18/43	3,000,000		3,006,677
TRTX Issuer Ltd. Series 2025-FL7, Class C
5.87% (1 mo. USD Term SOFR + 2.200%)^(1),(2)	06/18/43	1,000,000		1,002,301
TRTX Issuer Ltd. Series 2025-FL7, Class D
6.32% (1 mo. USD Term SOFR + 2.650%)^(1),(2)	06/18/43	3,125,000		3,129,865
U.K. Logistics DAC Series 2024-2A, Class D
6.85% (1 day GBP SONIA + 3.100%)^(1),(2)	02/17/35	GBP 677,016		907,495
U.K. Logistics DAC Series 2024-2X, Class D
6.85% (1 day GBP SONIA + 3.100%)^(1),(3)	02/17/35	GBP 376,667		504,897
U.K. Logistics DAC Series 2024-2X, Class E
8.00% (1 day GBP SONIA + 4.250%)^(1),(3)	02/17/35	GBP 1,230,937		1,650,342
U.K. Logistics DAC Series 2025-1A, Class E
9.25% (1 day GBP SONIA + 5.500%)^(1),(2)	05/17/35	GBP 885,987		1,197,402
U.K. Logistics DAC Series 2026-2A, Class E
7.39% (1 day GBP SONIA + 3.650%)^(1),(2)	08/15/36	GBP 2,300,000		3,125,978
UBS Commercial Mortgage Trust Series 2017-C4, Class XA (I/O)
1.08%⁽⁹⁾	10/15/50	7,541,200		56,996


Issues	Maturity Date	Principal Amount	Value
WBHT Commercial Mortgage Trust Series 2025-WBM, Class B
5.87% (1 mo. USD Term SOFR + 2.192%)^(1),(2)	06/15/42	$ 3,125,000	$	3,123,180
Wells Fargo Commercial Mortgage Trust Series 2015-LC20, Class XF (I/O)
2.03%^(2),(9)	04/15/50	415,000		11,198
Wells Fargo Commercial Mortgage Trust Series 2018-C47, Class AS
4.67%⁽⁹⁾	09/15/61	1,100,000		1,081,116
Wells Fargo Commercial Mortgage Trust Series 2024-5C1, Class C
6.80%⁽⁹⁾	07/15/57	847,000		846,451
WFRBS Commercial Mortgage Trust Series 2012-C10, Class XB (I/O)
0.32%^(2),(8),(9)	12/15/45	37,611,299		376
WFRBS Commercial Mortgage Trust Series 2014-C22, Class XA (I/O)
0.24%⁽⁹⁾	09/15/57	7,743		—

Total Commercial Mortgage-Backed Securities — Non-agency
(Cost: $501,218,123)				500,132,487

RESIDENTIAL MORTGAGE-BACKED SECURITIES — AGENCY — 21.5%
Federal Home Loan Mortgage Corp., Pool #SD8243
3.50%	09/01/52	5,658,559		5,025,250
Federal Home Loan Mortgage Corp., Pool #SD8237
4.00%	08/01/52	1,661,114		1,522,921
Federal Home Loan Mortgage Corp., Pool #SD8244
4.00%	09/01/52	40,280,669		36,926,477
Federal Home Loan Mortgage Corp., Pool #SD8265
4.00%	11/01/52	590,802		541,514
Federal Home Loan Mortgage Corp., Pool #SD5324
4.00%	02/01/53	319,245		292,686
Federal Home Loan Mortgage Corp., Pool #SD8238
4.50%	08/01/52	3,025,217		2,866,895
Federal Home Loan Mortgage Corp., Pool #SD8245
4.50%	09/01/52	5,929,359		5,618,503
Federal Home Loan Mortgage Corp., Pool #SD8257
4.50%	10/01/52	448,953		425,374
Federal Home Loan Mortgage Corp., Pool #SD8266
4.50%	11/01/52	2,537,213		2,403,725
Federal Home Loan Mortgage Corp., Pool #SD8275
4.50%	12/01/52	2,612,979		2,475,504
Federal Home Loan Mortgage Corp., Pool #SD8298
4.50%	02/01/53	29,697,644		28,112,746
Federal Home Loan Mortgage Corp., Pool #RQ0083
4.50%	01/01/56	5,297,791		4,977,673
Federal Home Loan Mortgage Corp., Pool #RQ0093
4.50%	02/01/56	16,293,469		15,308,938
Federal Home Loan Mortgage Corp., Pool #SD8299
5.00%	02/01/53	2,327,875		2,266,977
Federal Home Loan Mortgage Corp., Pool #SD8323
5.00%	05/01/53	6,615,185		6,436,464
Federal Home Loan Mortgage Corp. REMICS Series 5452, Class JF
4.92% (30 day USD SOFR Average + 1.300%)⁽¹⁾	09/25/54	1,443,418		1,453,584
Federal Home Loan Mortgage Corp. REMICS Series 5473, Class DF
4.77% (30 day USD SOFR Average + 1.150%)⁽¹⁾	11/25/54	2,795,819		2,806,858

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Federal Home Loan Mortgage Corp. REMICS Series 5500, Class AF
4.62% (30 day USD SOFR Average + 1.000%)⁽¹⁾	02/25/55	$ 964,862	$	964,373
Federal Home Loan Mortgage Corp. REMICS Series 5524, Class FB
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	04/25/55	10,851,872		10,884,644
Federal Home Loan Mortgage Corp. REMICS Series 5527, Class FD
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	09/25/54	12,154,882		12,192,410
Federal Home Loan Mortgage Corp. REMICS Series 5549, Class DF
5.02% (30 day USD SOFR Average + 1.400%)⁽¹⁾	06/25/55	1,860,786		1,878,002
Federal National Mortgage Association, Pool #MA4626
4.00%	06/01/52	6,759,056		6,197,793
Federal National Mortgage Association, Pool #MA4700
4.00%	08/01/52	2,732,913		2,505,553
Federal National Mortgage Association, Pool #MA4783
4.00%	10/01/52	26,969,732		24,721,864
Federal National Mortgage Association, Pool #MA4784
4.50%	10/01/52	5,664,046		5,366,574
Federal National Mortgage Association, Pool #FS9508
4.50%	03/01/54	4,045,135		3,827,426
Federal National Mortgage Association, Pool #FA0658
4.50%	10/01/54	8,897,348		8,416,840
Federal National Mortgage Association, Pool #MA5943
4.50%	01/01/56	19,744,998		18,551,909
Federal National Mortgage Association, Pool #MA5009
5.00%	05/01/53	9,137,051		8,879,764
Federal National Mortgage Association, Pool #462209
5.69% (1 yr. CMT + 2.176%)⁽¹⁾	04/01/36	35,457		35,293
Federal National Mortgage Association REMICS Series 2024-73, Class FB
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	10/25/54	1,716,447		1,721,733
Federal National Mortgage Association REMICS Series 2024-96, Class FC
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	12/25/54	6,977,454		6,998,959
Federal National Mortgage Association REMICS Series 2025-13, Class FA
4.92% (30 day USD SOFR Average + 1.300%)⁽¹⁾	03/25/55	3,290,647		3,312,772
Federal National Mortgage Association REMICS Series 2025-15, Class FQ
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	04/25/55	975,501		978,031
Federal National Mortgage Association REMICS Series 2025-85, Class EF
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	09/25/55	11,492,422		11,521,222


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association REMICS Series 2025-92, Class FD
4.77% (30 day USD SOFR Average + 1.150%)⁽¹⁾	11/25/55	$ 10,392,277	$	10,426,009
Federal National Mortgage Association REMICS Series 2026-10, Class FA
4.57% (30 day USD SOFR Average + 0.950%)⁽¹⁾	10/25/54	3,695,953		3,666,280
Federal National Mortgage Association REMICS Series 2026-5, Class CF
4.67% (30 day USD SOFR Average + 1.050%)⁽¹⁾	02/25/56	5,019,021		4,979,262
Government National Mortgage Association, Pool #MA8346
4.00%	10/20/52	12,916,441		11,888,328
Government National Mortgage Association, Pool #MA8427
4.50%	11/20/52	1,494,226		1,420,780
Government National Mortgage Association, Pool #MA8948
5.50%	06/20/53	5,949,873		5,960,484
Government National Mortgage Association, Pool #MA9488
5.50%	02/20/54	8,880,113		8,888,077
Government National Mortgage Association REMICS Series 2018-124, Class NW
3.50%	09/20/48	19,265		17,495
Government National Mortgage Association REMICS Series 2018-154, Class BP (PAC)
3.50%	11/20/48	1,844		1,721
Government National Mortgage Association REMICS Series 2025-27, Class FG
4.82% (30 day USD SOFR Average + 1.200%)⁽¹⁾	02/20/55	1,832,859		1,839,294
Government National Mortgage Association REMICS Series 2026-10, Class CF
4.65% (30 day USD SOFR Average + 1.030%)⁽¹⁾	01/20/56	4,557,409		4,527,370
Government National Mortgage Association, TBA, 30 Year
4.00%⁽¹¹⁾	07/01/55	74,000,000		66,970,518
Government National Mortgage Association, TBA
4.50%⁽¹¹⁾	03/01/56	16,700,000		15,658,797
5.00%⁽¹¹⁾	03/01/56	27,725,000		26,834,431
5.50%⁽¹¹⁾	03/01/56	9,325,000		9,263,436
Uniform Mortgage-Backed Security, TBA
3.50%⁽¹¹⁾	12/01/51	85,075,000		75,460,861
4.00%⁽¹¹⁾	04/01/56	91,600,000		83,433,723
4.50%⁽¹¹⁾	02/01/56	81,275,000		76,227,172
Uniform Mortgage-Backed Security, TBA
5.00%⁽¹¹⁾	01/01/56	50,275,000		48,464,145
Uniform Mortgage-Backed Security, TBA
5.50%⁽¹¹⁾	03/01/56	51,125,000		50,514,312

Total Residential Mortgage-Backed Securities — Agency
(Cost: $763,008,760)				754,859,746

RESIDENTIAL MORTGAGE-BACKED SECURITIES — NON-AGENCY — 23.5%
ACRA Trust Series 2024-NQM1, Class M1A
6.19%^(2),(9)	10/25/64	1,470,000		1,471,516
Ajax Mortgage Loan Trust Series 2021-D, Class A
6.00%⁽²⁾	03/25/60	2,297,677		2,300,660
American Home Mortgage Assets Trust Series 2006-6, Class XP (P/O)
0.04%⁽⁹⁾	12/25/46	16,533,489		69,399

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
American Home Mortgage Assets Trust Series 2007-1, Class A1
4.10% (1 yr. MTA + 0.700%)⁽¹⁾	02/25/47	$ 2,199,820	$	739,348
American Home Mortgage Assets Trust Series 2007-5, Class XP (P/O)
0.10%⁽⁹⁾	06/25/47	6,008		48
Angel Oak Mortgage Trust Series 2024-11, Class M1A
6.58%^(2),(9)	08/25/69	1,925,000		1,941,163
Angel Oak Mortgage Trust Series 2024-6, Class A2
4.65%⁽²⁾	11/25/67	1,938,439		1,904,404
Angel Oak Mortgage Trust Series 2025-13, Class M1
5.74%^(2),(9)	10/25/70	4,502,000		4,447,898
Angel Oak Mortgage Trust Series 2025-HB1, Class M3
6.67% (30 day USD SOFR Average + 3.050%)^(1),(2)	02/25/55	1,832,000		1,858,055
Angel Oak Mortgage Trust Series 2026-1, Class M1
5.53%^(2),(9)	02/25/71	4,200,000		4,131,294
Aspire Mortgage Trust Series 2026-1, Class B1
6.44%^(2),(9)	01/25/66	5,580,000		5,431,698
Aspire Mortgage Trust Series 2026-1, Class M1
5.40%^(2),(9)	01/25/66	3,000,000		2,939,085
Aspire Mortgage Trust Series 2026-2, Class B1
6.54%^(2),(9)	04/26/66	4,600,000		4,528,004
Aspire Mortgage Trust Series 2026-3, Class B1
6.47%^(2),(9)	05/25/66	5,765,000		5,643,552
Aspire Mortgage Trust Series 2026-4, Class M1
6.09%^(2),(9)	07/26/66	6,830,000		6,831,717
Atlas Funding PLC Series 2023-1, Class F
13.47% (1 day GBP SONIA + 9.730%)^(1),(3)	01/20/61	GBP 725,000		989,113
Banc of America Alternative Loan Trust Series 2006-5, Class CB8
4.15% (1 mo. USD Term SOFR + 0.424%)⁽¹⁾	06/25/46	1,270,335		1,039,387
Banc of America Alternative Loan Trust Series 2006-5, Class CB9 (I/O) (I/F)
2.85% (-1 mo. USD Term SOFR + 6.576%)⁽¹⁾	06/25/46	1,270,343		136,541
Banc of America Funding Trust Series 2006-3, Class 5A3
5.50%	03/25/36	3,727		3,382
Banc of America Funding Trust Series 2006-7, Class T2A5
6.54%	10/25/36	515,025		471,026
Banc of America Funding Trust Series 2014-R5, Class 1A2
3.65% (6 mo. USD Term SOFR + 1.928%)^(1),(2)	09/26/45	875,913		616,337
BCAP LLC Trust Series 2007-AA2, Class 2A12
5.50%	04/25/37	2,359,137		889,867
BCMSC Trust Series 1999-B, Class A2
6.98%⁽⁹⁾	06/15/12	997,492		43,010
BCMSC Trust Series 2000-A, Class A3
7.83%⁽⁹⁾	06/15/30	1,658,345		78,239
BCMSC Trust Series 2000-A, Class A4
8.29%⁽⁹⁾	06/15/30	142,144		7,007
Bear Stearns ARM Trust Series 2004-3, Class 2A
4.40%⁽⁹⁾	07/25/34	3,970		3,780
Bear Stearns ARM Trust Series 2005-10, Class A3
5.77%⁽⁹⁾	10/25/35	77,355		77,455
Braccan Mortgage Funding PLC Series 2025-1A, Class X
7.68% (1 day GBP SONIA + 3.930%)^(1),(2)	05/17/67	GBP 990,089		1,341,215


Issues	Maturity Date	Principal Amount	Value
BRAVO Residential Funding Trust Series 2023-NQM5, Class B1
7.26%^(2),(9)	06/25/63	$ 3,210,000	$	3,199,166
BRAVO Residential Funding Trust Series 2025-NQM6, Class M1
6.03%^(2),(9)	06/25/65	1,650,000		1,642,154
BRAVO Residential Funding Trust Series 2025-NQM9, Class A3
5.55%⁽²⁾	09/25/65	6,248,705		6,209,149
BRAVO Residential Funding Trust Series 2026-CES1, Class M1
6.01%^(2),(9)	04/25/56	4,300,000		4,249,900
C-BASS Mortgage Loan Trust Series 2007-CB2, Class A2B
3.43%	02/25/37	743,287		414,125
C-BASS Trust Series 2006-CB7, Class A4
4.16% (1 mo. USD Term SOFR + 0.434%)⁽¹⁾	10/25/36	28,684		19,466
C-BASS Trust Series 2007-CB1, Class AF3
3.10%	01/25/37	905,146		240,369
C-BASS Trust Series 2007-CB1, Class AF6
3.10%	01/25/37	1,597,964		424,222
Cascade MH Asset Trust Series 2022-MH1, Class A
4.25%⁽²⁾	08/25/54	997,566		979,834
Central Park Funding Trust Series 2026-1, Class PT
7.25%⁽²⁾	07/27/28	12,150,000		12,149,994
CFMT LLC Series 2024-NR1, Class A1
6.41%⁽²⁾	11/25/29	5,427,544		5,427,691
CFMT LLC Series 2024-R1, Class A3
4.00%⁽²⁾	10/25/54	1,500,000		1,432,842
CHL Mortgage Pass-Through Trust Series 2007-20, Class A1
6.50%	01/25/38	193,004		77,057
CHL Mortgage Pass-Through Trust Series 2007-7, Class A9
5.50%	06/25/37	574,321		238,733
CHNGE Mortgage Trust Series 2023-1, Class M1
8.02%^(2),(9)	03/25/58	580,000		578,453
CIM Trust Series 2021-R5, Class A1B
2.00%^(2),(9)	08/25/61	681,000		449,418
CIM Trust Series 2025-R1, Class A1
5.00%⁽²⁾	02/25/99	1,946,782		1,925,741
Citigroup Mortgage Loan Trust, Inc. Series 2005-WF2, Class AF6A
6.13%	08/25/35	1,167,986		1,075,044
Citigroup Mortgage Loan Trust, Inc. Series 2006-WF1, Class A2C
6.10%	03/25/36	25,904		11,460
Citigroup Mortgage Loan Trust, Inc. Series 2009-10, Class 2A2
7.00%^(2),(9)	12/25/35	476,371		326,715
CitiMortgage Alternative Loan Trust Series 2005-A1, Class 1A5
5.50%	07/25/35	881,885		843,517
CitiMortgage Alternative Loan Trust Series 2006-A1, Class 1A5
5.50%	04/25/36	185,086		168,902
CitiMortgage Alternative Loan Trust Series 2007-A1, Class 1A1
6.00%	01/25/37	80,347		70,266
CitiMortgage Alternative Loan Trust Series 2007-A1, Class 1A5
6.00%	01/25/37	153,367		134,126
CitiMortgage Alternative Loan Trust Series 2007-A2, Class 1A13
5.75%	02/25/37	175,619		154,534

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
CitiMortgage Alternative Loan Trust Series 2007-A3, Class 1A7
5.75%	03/25/37	$ 145,738	$	127,105
CitiMortgage Alternative Loan Trust Series 2007-A5, Class 1A1
6.00%	05/25/37	622,752		568,563
CLIP Trust Series 2026-NQM1, Class M1
5.96%^(2),(9)	05/25/71	4,238,000		4,196,331
COLT Mortgage Loan Trust Series 2024-7, Class B1
7.11%^(2),(9)	12/26/69	1,000,000		1,006,487
COLT Mortgage Loan Trust Series 2025-7, Class B1
6.92%^(2),(9)	06/25/70	2,000,000		1,995,991
Conseco Finance Securitizations Corp. Series 2000-1, Class A5
8.06%⁽⁹⁾	09/01/29	3,422,743		355,213
Conseco Finance Securitizations Corp. Series 2000-4, Class A5
7.97%	05/01/32	1,992,158		212,219
COOPR Residential Mortgage Trust Series 2025-CES2, Class B1
7.32%^(2),(9)	06/25/60	2,434,000		2,449,034
COOPR Residential Mortgage Trust Series 2025-CES3, Class M1
5.63%^(2),(9)	09/25/60	4,500,000		4,403,801
Countrywide Alternative Loan Trust Series 2004-30CB, Class 1A6
5.50%	02/25/35	640,324		630,760
Countrywide Alternative Loan Trust Series 2005-10CB, Class 1A8
5.50%	05/25/35	1,179,022		928,773
Countrywide Alternative Loan Trust Series 2005-46CB, Class A3
5.50%	10/25/35	204,425		136,800
Countrywide Alternative Loan Trust Series 2005-46CB, Class A4
5.25%	10/25/35	154,472		101,381
Countrywide Alternative Loan Trust Series 2005-46CB, Class A7
5.50%	10/25/35	435,752		291,602
Countrywide Alternative Loan Trust Series 2005-55CB, Class 1A1
5.50%	11/25/35	171,987		107,433
Countrywide Alternative Loan Trust Series 2005-64CB, Class 2A1
6.00%	11/25/35	2,989,361		398,339
Countrywide Alternative Loan Trust Series 2005-65CB, Class 2A4
5.50%	12/25/35	245,533		157,414
Countrywide Alternative Loan Trust Series 2005-67CB, Class A1
5.50%	01/25/36	50,336		35,616
Countrywide Alternative Loan Trust Series 2005-74T1, Class A5
6.00%	01/25/36	439,556		240,781
Countrywide Alternative Loan Trust Series 2005-7CB, Class 2A2 (I/O) (I/F)
1.21% (-1 mo. USD Term SOFR + 4.936%)⁽¹⁾	04/25/35	989,858		36,096
Countrywide Alternative Loan Trust Series 2005-86CB, Class A1
5.50%	02/25/36	480,030		253,976
Countrywide Alternative Loan Trust Series 2005-86CB, Class A8
5.50%	02/25/36	219,443		116,104


Issues	Maturity Date	Principal Amount	Value
Countrywide Alternative Loan Trust Series 2006-19CB, Class A15 (PAC)
6.00%	08/25/36	$ 109,359	$	56,957
Countrywide Alternative Loan Trust Series 2006-19CB, Class A17 (TAC)
4.24% (1 mo. USD Term SOFR + 0.514%)⁽¹⁾	08/25/36	3,629,027		1,472,523
Countrywide Alternative Loan Trust Series 2006-19CB, Class A18 (I/O) (I/F)
1.76% (-1 mo. USD Term SOFR + 5.486%)⁽¹⁾	08/25/36	3,502,465		303,882
Countrywide Alternative Loan Trust Series 2006-32CB, Class A18
6.00%	11/25/36	124,556		65,926
Countrywide Alternative Loan Trust Series 2006-34, Class A5
6.25%	11/25/46	1,255,091		543,142
Countrywide Alternative Loan Trust Series 2006-J1, Class 1A11
5.50%	02/25/36	164,049		106,075
Countrywide Alternative Loan Trust Series 2007-13, Class A1 (PAC)
6.00%	06/25/47	268,176		128,574
Countrywide Alternative Loan Trust Series 2007-15CB, Class A6
5.75%	07/25/37	497,814		260,857
Countrywide Alternative Loan Trust Series 2007-15CB, Class A7
6.00%	07/25/37	1,773,055		961,372
Countrywide Alternative Loan Trust Series 2007-16CB, Class 1A7
6.00%	08/25/37	5,796		4,063
Countrywide Alternative Loan Trust Series 2007-18CB, Class 2A25
6.00%	08/25/37	286,165		156,610
Countrywide Alternative Loan Trust Series 2007-22, Class 2A16
6.50%	09/25/37	235,716		85,629
Countrywide Alternative Loan Trust Series 2007-5CB, Class 1A3
6.00%	04/25/37	164,925		75,653
Countrywide Alternative Loan Trust Series 2007-5CB, Class 1A4
6.00%	04/25/37	486,548		223,188
Credit-Based Asset Servicing & Securitization LLC Series 2006-MH1, Class B1
6.75%⁽²⁾	10/25/36	14,291		14,199
Cross Mortgage Trust Series 2024-H4, Class B1B
8.11%^(2),(9)	07/25/69	3,768,000		3,824,237
Cross Mortgage Trust Series 2024-H5, Class B1B
8.11%^(2),(9)	08/26/69	3,654,000		3,660,629
Cross Mortgage Trust Series 2024-H6, Class A2
5.38%⁽²⁾	09/25/69	600,912		599,643
Cross Mortgage Trust Series 2024-H6, Class A3
5.48%⁽²⁾	09/25/69	540,821		539,558
Cross Mortgage Trust Series 2024-H7, Class B1B
7.57%^(2),(9)	11/25/69	3,930,000		3,945,241
Cross Mortgage Trust Series 2024-H8, Class B1B
7.33%^(2),(9)	12/25/69	3,300,000		3,304,861
Cross Mortgage Trust Series 2025-CES1, Class B1
6.68%^(2),(9)	11/25/60	4,200,000		4,155,549
Cross Mortgage Trust Series 2025-H10, Class B1
7.13%^(2),(9)	01/25/71	3,199,000		3,161,645

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Cross Mortgage Trust Series 2025-H10, Class M1
5.90%^(2),(9)	01/25/71	$ 5,303,000	$	5,240,982
Cross Mortgage Trust Series 2025-H5, Class B1B
7.60%^(2),(9)	07/25/70	3,160,000		3,185,241
Cross Mortgage Trust Series 2025-H7, Class M1
5.64%^(2),(9)	09/25/70	6,406,000		6,321,053
Cross Mortgage Trust Series 2026-NQM1, Class M1
5.53%^(2),(9)	02/25/61	4,684,000		4,584,819
Cross Mortgage Trust Series 2026-NQM2, Class A3
5.24%⁽²⁾	03/25/61	6,425,576		6,348,271
Cross Mortgage Trust Series 2026-NQM3, Class M1
5.80%^(2),(9)	03/25/71	3,230,000		3,181,527
Cross Mortgage Trust Series 2026-NQM4, Class M1
6.14%^(2),(9)	04/25/71	7,015,000		7,016,982
Cross Mortgage Trust Series 2026-NQM5, Class M1
6.00%^(2),(9)	03/25/71	6,613,000		6,579,860
Cross Mortgage Trust Series 2026-NQM8, Class B1
6.94%^(2),(9)	07/25/71	3,354,000		3,306,535
Cross Mortgage Trust Series 2026-NQM9, Class M1
6.24%^(2),(9)	08/25/71	5,550,000		5,543,489
CSMC Mortgage-Backed Trust Series 2006-7, Class 10A6
6.50%	08/25/36	1,021,126		467,918
CSMC Mortgage-Backed Trust Series 2006-7, Class 8A11
6.50%	08/25/36	390,431		131,917
CSMC Mortgage-Backed Trust Series 2007-5, Class 1A9
7.00%⁽⁹⁾	08/25/37	718,110		378,256
CSMC Trust Series 2014-8R, Class 3A2
5.38%^(2),(9)	02/27/36	825,994		778,717
DB Data Center Red Oak LLC
0.00%⁽⁶⁾	03/06/31	4,155,804		4,155,810
Deutsche Alt-B Securities, Inc. Mortgage Loan Trust Series 2006-AB2, Class A2
6.16%⁽⁹⁾	06/25/36	160,355		144,779
Deutsche Mortgage & Asset Receiving Corp. Series 2014-RS1, Class 1A2
6.50%^(2),(9)	07/27/37	248,641		200,956
EFMT Series 2025-INV2, Class B1
7.50%^(2),(9)	05/26/70	4,000,000		4,017,085
Ellington Financial Mortgage Trust Series 2022-4, Class B1
5.84%^(2),(9)	09/25/67	900,000		895,054
Ellington Financial Mortgage Trust Series 2024-CES1, Class B1
7.04%^(2),(9)	01/26/60	4,263,000		4,271,394
Ellington Financial Mortgage Trust Series 2024-NQM1, Class B1B
7.45%^(2),(9)	11/25/69	3,707,000		3,706,771
Ellington Financial Mortgage Trust Series 2025-CES4, Class B1
7.05%^(2),(9)	06/25/60	2,811,000		2,815,401
Ellington Financial Mortgage Trust Series 2025-NQM6, Class A3
5.40%⁽²⁾	12/25/70	3,823,570		3,785,295
Ellington Financial Mortgage Trust Series 2026-AE2, Class A13
5.50%^(2),(9)	04/25/61	5,871,573		5,762,698
Federal Home Loan Mortgage Corp. REMICS Series 4994, Class LI (I/O)
4.00%	12/25/48	6,969,052		1,320,467
Federal Home Loan Mortgage Corp. REMICS Series 5070, Class MI (I/O)
3.50%	02/25/51	8,841,258		1,320,175
Federal Home Loan Mortgage Corp. REMICS Series 5100, Class HI (I/O)
4.00%	02/25/47	10,979,716		1,840,894


Issues	Maturity Date	Principal Amount	Value
Federal Home Loan Mortgage Corp. REMICS Series 5104, Class HI (I/O) (PAC)
3.50%	06/25/49	$ 13,363,758	$	2,489,914
Federal Home Loan Mortgage Corp. REMICS Series 5149, Class DI (I/O)
4.00%	10/25/48	5,963,827		1,114,519
Federal Home Loan Mortgage Corp. REMICS Series 5492, Class SH (I/O) (I/F)
2.38% (-30 day USD SOFR Average + 6.000%)⁽¹⁾	01/25/55	5,896,232		456,220
Federal Home Loan Mortgage Corp. REMICS Series 5500, Class SJ (I/F)
2.13% (-30 day USD SOFR Average + 5.750%)⁽¹⁾	02/25/55	5,822,995		460,352
Federal Home Loan Mortgage Corp. REMICS Series 5544, Class SD (I/O) (I/F)
1.43% (-30 day USD SOFR Average + 5.050%)⁽¹⁾	06/25/55	12,676,096		609,952
Federal Home Loan Mortgage Corp. REMICS Series 5546, Class AS (I/F)
5.08% (-30 day USD SOFR Average + 10.500%)⁽¹⁾	06/25/55	1,048,755		967,156
Federal Home Loan Mortgage Corp. REMICS Series 5547, Class S (I/F)
5.15% (-30 day USD SOFR Average + 10.575%)⁽¹⁾	06/25/55	1,063,306		963,664
Federal Home Loan Mortgage Corp. REMICS Series 5548, Class S (I/F)
5.64% (-30 day USD SOFR Average + 11.667%)⁽¹⁾	06/25/55	1,025,454		955,333
Federal Home Loan Mortgage Corp. REMICS Series 5549, Class JS (I/F)
5.08% (-30 day USD SOFR Average + 10.500%)⁽¹⁾	06/25/55	347,187		320,501
Federal Home Loan Mortgage Corp. REMICS Series 5566, Class AS (I/F)
5.15% (-30 day USD SOFR Average + 10.575%)⁽¹⁾	08/25/55	1,185,739		1,066,319
Federal Home Loan Mortgage Corp. REMICS Series 5578, Class SD (I/O) (I/F)
2.28% (-30 day USD SOFR Average + 5.900%)⁽¹⁾	09/25/55	17,519,860		1,528,723
Federal Home Loan Mortgage Corp. REMICS Series 5617, Class IL (I/O)
4.00%	08/25/51	11,672,682		2,440,036
Federal Home Loan Mortgage Corp. REMICS Series 5626, Class SH (I/O) (I/F)
2.03% (-30 day USD SOFR Average + 5.650%)⁽¹⁾	01/25/56	35,687,219		2,802,426
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA6, Class B2
11.12% (30 day USD SOFR Average + 7.500%)^(1),(2)	10/25/41	7,130,000		7,230,010

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA7, Class B2
11.42% (30 day USD SOFR Average + 7.800%)^(1),(2)	11/25/41	$ 7,069,000	$	7,208,348
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA3, Class B2
9.87% (30 day USD SOFR Average + 6.250%)^(1),(2)	09/25/41	7,800,789		7,856,413
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1, Class M2
6.12% (30 day USD SOFR Average + 2.500%)^(1),(2)	01/25/42	1,000,000		1,006,484
Federal Home Loan Mortgage Corp. STRIPS Series 240 (I/O)
5.50%	07/15/36	139,371		23,024
Federal Home Loan Mortgage Corp. STRIPS Series 386, Class C1 (I/O)
2.00%	03/15/52	5,797,410		754,741
Federal Home Loan Mortgage Corp. STRIPS Series 389, Class C40 (I/O)
2.50%	10/15/52	5,067,467		773,123
Federal Home Loan Mortgage Corp. STRIPS Series 390, Class C12 (I/O)
4.00%	11/15/52	13,126,126		3,011,069
Federal Home Loan Mortgage Corp. STRIPS Series 399, Class C38 (I/O)
3.50%	12/25/52	5,709,648		1,087,953
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-HRP1, Class B1
12.98% (30 day USD SOFR Average + 9.364%)^(1),(2)	11/25/39	3,518,416		3,604,667
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R06, Class 2B1
7.48% (30 day USD SOFR Average + 3.864%)^(1),(2)	09/25/39	729,789		732,588
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R01, Class 1B2
9.62% (30 day USD SOFR Average + 6.000%)^(1),(2)	10/25/41	6,635,000		6,706,138
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R02, Class 2B2
9.82% (30 day USD SOFR Average + 6.200%)^(1),(2)	11/25/41	5,000,000		5,074,647
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2021-R03, Class 1B2
9.12% (30 day USD SOFR Average + 5.500%)^(1),(2)	12/25/41	7,330,000		7,451,273
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R01, Class 1B2
9.62% (30 day USD SOFR Average + 6.000%)^(1),(2)	12/25/41	6,610,000		6,730,679
Federal National Mortgage Association Interest STRIPS Series 426, Class C24 (I/O)
1.50%	01/25/52	34,974,653		3,816,658
Federal National Mortgage Association Interest STRIPS Series 434, Class C29 (I/O)
2.00%	10/25/52	7,102,466		916,846


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association Interest STRIPS Series 440, Class C46 (I/O)
4.00%	10/25/53	$ 14,657,195	$	3,289,417
Federal National Mortgage Association REMICS Series 2011-116, Class SA (I/O) (I/F)
2.27% (-30 day USD SOFR Average + 5.886%)⁽¹⁾	11/25/41	48,921		3,422
Federal National Mortgage Association REMICS Series 2012-139, Class AI (I/O)
3.00%	12/25/27	21,585		267
Federal National Mortgage Association REMICS Series 2021-59, Class KI (I/O)
4.00%	09/25/51	8,249,148		1,982,115
Federal National Mortgage Association REMICS Series 2021-70, Class AI (I/O)
4.00%	10/25/51	8,246,558		1,794,423
Federal National Mortgage Association REMICS Series 2024-76, Class SY (I/O) (I/F)
1.88% (-30 day USD SOFR Average + 5.500%)⁽¹⁾	11/25/54	13,116,452		853,347
Federal National Mortgage Association REMICS Series 2024-81, Class SE (I/O) (I/F)
1.73% (-30 day USD SOFR Average + 5.350%)⁽¹⁾	07/25/54	11,351,581		570,439
Federal National Mortgage Association REMICS Series 2024-91, Class SB (I/O) (I/F)
2.23% (-30 day USD SOFR Average + 5.850%)⁽¹⁾	12/25/54	5,988,223		399,380
Federal National Mortgage Association REMICS Series 2024-98, Class SE (I/O) (I/F)
2.36% (-30 day USD SOFR Average + 5.980%)⁽¹⁾	12/25/54	2,649,575		211,077
Federal National Mortgage Association REMICS Series 2024-98, Class SG (I/F)
2.38% (-30 day USD SOFR Average + 6.000%)⁽¹⁾	11/25/54	935,149		80,188
Federal National Mortgage Association REMICS Series 2025-104, Class SB (I/O)
1.93% (30 day USD SOFR Average + 5.550%)⁽¹⁾	12/25/55	22,402,002		1,704,578
Federal National Mortgage Association REMICS Series 2025-40, Class S (I/F)
5.64% (-30 day USD SOFR Average + 11.667%)⁽¹⁾	02/25/55	224,038		206,443
Federal National Mortgage Association REMICS Series 2025-49, Class SC (I/O) (I/F)
1.58% (-30 day USD SOFR Average + 5.200%)⁽¹⁾	06/25/55	17,049,007		791,219
Federal National Mortgage Association REMICS Series 2025-59, Class DS (I/O) (I/F)
2.24% (-30 day USD SOFR Average + 5.857%)⁽¹⁾	08/25/55	15,843,474		1,014,293

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Federal National Mortgage Association REMICS Series 2025-87, Class SA (I/O) (I/F)
2.28% (-30 day USD SOFR Average + 5.900%)⁽¹⁾	10/25/55	$ 8,881,250	$	712,980
Federal National Mortgage Association REMICS Series 2026-23, Class SC (I/O) (I/F)
2.03% (-30 day USD SOFR Average + 5.650%)⁽¹⁾	04/25/56	31,218,031		2,382,259
FIGRE Trust Series 2025-HE3, Class C
5.91% ^(2),(9)	05/25/55	1,455,981		1,448,298
FIGRE Trust Series 2025-HE5, Class C
5.69% ^(2),(9)	08/25/55	6,993,705		6,935,931
FIGRE Trust Series 2026-FL1, Class M1
6.23% ^(2),(9)	03/25/56	5,630,000		5,596,972
FIGRE Trust Series 2026-HF3, Class C
5.62% (30 day USD SOFR Average + 2.000%)^(1),(2)	03/25/56	4,578,255		4,592,850
First Franklin Mortgage Loan Trust Series 2006-FF13, Class A2C
4.16% (1 mo. USD Term SOFR + 0.434%)⁽¹⁾	10/25/36	9,321,666		5,948,086
First Franklin Mortgage Loan Trust Series 2007-FF2, Class A2D
4.28% (1 mo. USD Term SOFR + 0.554%)⁽¹⁾	03/25/37	616,056		288,326
First Horizon Alternative Mortgage Securities Trust Series 2007-FA1, Class A4
6.25%	03/25/37	515,649		147,013
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A4
5.75%	04/25/37	705,764		209,334
GCAT Trust Series 2021-NQM6, Class A1
1.86% ^(2),(9)	08/25/66	1,016,891		927,600
GCAT Trust Series 2024-NQM2, Class B2
7.96% ^(2),(9)	06/25/59	4,050,000		4,087,690
GCAT Trust Series 2025-NQM1, Class B1
7.06% ^(2),(9)	11/25/69	4,036,000		4,038,022
GCAT Trust Series 2025-NQM3, Class A3
5.96% ⁽²⁾	05/25/70	1,436,769		1,435,303
GCAT Trust Series 2025-NQM4, Class B1
7.20% ^(2),(9)	06/25/70	3,356,000		3,359,862
GCAT Trust Series 2025-NQM6, Class M1
5.78% ^(2),(9)	10/25/70	4,206,500		4,149,943
GCAT Trust Series 2026-NQM1, Class M1
5.53% ^(2),(9)	12/25/70	7,110,000		6,976,112
GCAT Trust Series 2026-NQM2, Class B1
6.61% ^(2),(9)	02/25/71	2,895,000		2,818,641
GCAT Trust Series 2026-NQM2, Class M1
6.15% ^(2),(9)	02/25/71	2,856,000		2,839,855
Government National Mortgage Association REMICS Series 2003-110, Class S (I/O) (I/F)
2.82% (-1 mo. USD Term SOFR + 6.486%)⁽¹⁾	10/20/33	132,049		7,072
Government National Mortgage Association REMICS Series 2024-159, Class XS (I/O) (I/F)
1.88% (-30 day USD SOFR Average + 5.500%)⁽¹⁾	10/20/54	10,070,894		657,597


Issues	Maturity Date	Principal Amount	Value
Government National Mortgage Association REMICS Series 2025-134, Class SJ (I/O) (I/F)
2.33% (-30 day USD SOFR Average + 5.950%)⁽¹⁾	08/20/55	$ 11,042,283	$	847,222
Government National Mortgage Association REMICS Series 2025-41, Class HS (I/F)
1.72% (-30 day USD SOFR Average + 5.340%)⁽¹⁾	03/20/55	10,533,599		607,709
Government National Mortgage Association REMICS Series 2025-45, Class ST (I/O) (I/F)
1.68% (-30 day USD SOFR Average + 5.300%)⁽¹⁾	03/20/55	12,845,648		633,435
GSAA Home Equity Trust Series 2007-5, Class 1F3B
6.00% ⁽⁹⁾	05/25/37	4,300,000		270,988
GSAA Home Equity Trust Series 2007-5, Class 1F5B
6.44%	05/25/37	1,987,261		125,461
GSAA Home Equity Trust Series 2007-5, Class 2A2A
4.30% (1 mo. USD Term SOFR + 0.574%)⁽¹⁾	04/25/47	689,115		293,308
GSAA Trust Series 2006-7, Class AF3
6.72%	03/25/46	2,589,342		862,319
GSAA Trust Series 2007-3, Class 2A1B
4.04% (1 mo. USD Term SOFR + 0.314%)⁽¹⁾	03/25/47	166,316		6,949
GSR Mortgage Loan Trust Series 2005-AR6, Class 2A1
4.82% ⁽⁹⁾	09/25/35	2,114		2,031
HarborView Mortgage Loan Trust Series 2005-9, Class 2A1A
4.46% (1 mo. USD Term SOFR + 0.794%)⁽¹⁾	06/20/35	10,596		9,852
HarborView Mortgage Loan Trust Series 2006-4, Class 1A1A
4.14% (1 mo. USD Term SOFR + 0.474%)⁽¹⁾	05/19/46	2,330,385		1,131,273
HOMES Trust Series 2024-NQM2, Class B1
7.70% ^(2),(9)	10/25/69	5,461,000		5,514,873
HOMES Trust Series 2025-NQM1, Class M1
6.52% ^(2),(9)	01/25/70	3,542,000		3,548,644
HOMES Trust Series 2025-NQM3, Class B1
7.38% ^(2),(9)	02/25/70	2,794,000		2,800,930
HOMES Trust Series 2025-NQM4, Class B1
6.90% ^(2),(9)	08/25/70	2,405,500		2,396,341
Homeward Opportunities Fund Trust Series 2024-RRTL2, Class A2
6.37% ⁽²⁾	09/25/39	3,800,000		3,804,499
Homeward Opportunities Fund Trust Series 2025-RRTL1, Class M1
6.83% ^(2),(9)	03/25/40	2,645,000		2,647,943
Homeward Opportunities Fund Trust Series 2025-RRTL2, Class A2
5.66% ⁽²⁾	09/25/40	4,130,000		4,134,377
HSI Asset Loan Obligation Trust Series 2007-WF1, Class A5
6.72%	12/25/36	234,150		70,199
IndyMac INDX Mortgage Loan Trust Series 2006-AR3, Class 2A1A
3.61% ⁽⁹⁾	03/25/36	62,970		42,414
JPMorgan Alternative Loan Trust Series 2006-S1, Class 3A4
6.18% ⁽⁹⁾	03/25/36	850,662		755,183

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
JPMorgan Mortgage Acquisition Trust Series 2006-CH2, Class AF3
5.96%	09/25/29	$ 392,179	$	225,922
JPMorgan Mortgage Acquisition Trust Series 2006-CW2, Class AF4
6.08%	08/25/36	1,278,579		724,195
JPMorgan Mortgage Acquisition Trust Series 2006-CW2, Class AF5
6.34%	08/25/36	242,970		137,568
JPMorgan Mortgage Acquisition Trust Series 2006-WF1, Class A5
6.91%	07/25/36	1,546,949		375,405
JPMorgan Mortgage Acquisition Trust Series 2007-CH1, Class AF6
4.32%	11/25/36	411		406
JPMorgan Mortgage Acquisition Trust Series 2007-CH2, Class AF2
4.08%	01/25/37	348,734		165,470
JPMorgan Mortgage Acquisition Trust Series 2007-CH2, Class AF3
4.08%	10/25/30	535,399		254,008
JPMorgan Mortgage Trust Series 2007-S1, Class 2A11
6.00%	03/25/37	351,625		120,662
JPMorgan Mortgage Trust Series 2024-CES1, Class A1B
6.02%⁽²⁾	06/25/54	573,351		574,628
JPMorgan Mortgage Trust Series 2024-CES1, Class A2
6.15%⁽²⁾	06/25/54	532,852		534,434
JPMorgan Mortgage Trust Series 2025-CES1, Class A3
6.07%^(2),(9)	05/25/55	1,539,000		1,545,067
JPMorgan Mortgage Trust Series 2025-CES5, Class B1
6.69%^(2),(9)	02/25/56	3,980,000		3,951,013
JPMorgan Mortgage Trust Series 2025-CES7, Class B1
6.95%^(2),(9)	04/25/56	4,000,000		4,005,114
JPMorgan Mortgage Trust Series 2025-NQM1, Class B1
7.39%^(2),(9)	06/25/65	3,243,000		3,255,139
JPMorgan Mortgage Trust Series 2025-NQM1, Class M1A
6.35%^(2),(9)	06/25/65	3,190,000		3,202,814
JPMorgan Mortgage Trust Series 2025-NQM2, Class B1
7.58%^(2),(9)	09/25/65	3,046,000		3,066,023
JPMorgan Mortgage Trust Series 2025-NQM4, Class B1
6.69%^(2),(9)	03/25/66	4,400,000		4,357,904
Knock Issuer Trust Series 2025-1, Class A1
7.12%⁽²⁾	02/25/30	2,545,000		2,554,767
Lehman ABS Manufactured Housing Contract Trust Series 2001-B, Class M1
6.63%⁽⁹⁾	04/15/40	66,464		66,732
Lehman Mortgage Trust Series 2006-1, Class 1A5
5.50%	02/25/36	127,746		54,917
Lehman Mortgage Trust Series 2006-7, Class 2A5 (I/O) (I/F)
2.71% (-1 mo. USD Term SOFR + 6.436%)⁽¹⁾	11/25/36	183,071		17,913
Lehman Mortgage Trust Series 2006-9, Class 3A2 (I/O) (I/F)
3.39% (-1 mo. USD Term SOFR + 7.116%)⁽¹⁾	01/25/37	5,516,821		306,059
Lehman Mortgage Trust Series 2007-5, Class 10A2 (I/O) (I/F)
2.50% (-1 mo. USD Term SOFR + 6.226%)⁽¹⁾	06/25/37	8,054,726		695,278
Lehman Mortgage Trust Series 2007-5, Class 7A3
7.50%	10/25/36	482,014		128,181
Lehman XS Trust Series 2005-1, Class 3A4
5.37%	07/25/35	20,568		21,953


Issues	Maturity Date	Principal Amount	Value
Lehman XS Trust Series 2006-17, Class 1A (I/O)
0.60%	08/25/46	$ 6,032,455	$	144,965
Lehman XS Trust Series 2006-17, Class 1A3
4.34% (1 mo. USD Term SOFR + 0.614%)⁽¹⁾	08/25/46	151,264		140,688
LHOME Mortgage Trust Series 2025-RTL1, Class A2
5.95%⁽²⁾	01/25/40	3,609,000		3,609,186
LHOME Mortgage Trust Series 2025-RTL2, Class A2
6.10%^(2),(9)	04/25/40	2,905,000		2,901,268
LHOME Mortgage Trust Series 2025-RTL3, Class A2
5.67%⁽²⁾	08/25/40	4,175,000		4,167,561
LHOME Mortgage Trust Series 2025-RTL3, Class M1
6.89%^(2),(9)	08/25/40	6,163,000		6,160,907
LHOME Mortgage Trust Series 2026-RTL1, Class A2
5.21%⁽²⁾	01/25/41	6,250,000		6,172,039
MASTR Alternative Loan Trust Series 2005-2, Class 4A3
4.24% (1 mo. USD Term SOFR + 0.514%)⁽¹⁾	03/25/35	1,593		1,586
MASTR Asset-Backed Securities Trust Series 2006-NC2, Class A3
4.06% (1 mo. USD Term SOFR + 0.334%)⁽¹⁾	08/25/36	631,937		215,103
Merrill Lynch Alternative Notes Asset Trust Series 2007-A1, Class A3
4.16% (1 mo. USD Term SOFR + 0.434%)⁽¹⁾	01/25/37	599,368		173,305
Merrill Lynch First Franklin Mortgage Loan Trust Series 2007-3, Class A2B
4.10% (1 mo. USD Term SOFR + 0.374%)⁽¹⁾	06/25/37	162,398		162,194
Merrill Lynch Mortgage Investors Trust Series 2004-B, Class A1
4.34% (1 mo. USD Term SOFR + 0.614%)⁽¹⁾	05/25/29	2,015		1,981
Merrill Lynch Mortgage Investors Trust Series 2006-HE6, Class A2B
3.83% (1 mo. USD Term SOFR + 0.414%)⁽¹⁾	11/25/37	704,879		207,978
Merrill Lynch Mortgage Investors Trust Series 2006-RM2, Class A1A
4.21% (1 mo. USD Term SOFR + 0.484%)⁽¹⁾	05/25/37	3,236,914		901,896
Mid-State Capital Corp. Trust Series 2005-1, Class A
5.75%	01/15/40	42		41
Mid-State Capital Corp. Trust Series 2006-1, Class A
5.79%⁽²⁾	10/15/40	16,267		16,304
Mid-State Trust XI Series 11, Class A1
4.86%	07/15/38	228		228
Morgan Stanley Mortgage Loan Trust Series 2007-13, Class 6A1
6.00%	10/25/37	173,211		85,557
Morgan Stanley Residential Mortgage Loan Trust Series 2024-INV3, Class A1
6.50%^(2),(9)	06/25/54	1,113,981		1,136,961
Morgan Stanley Residential Mortgage Loan Trust Series 2025-NQM1, Class B1B
7.12%^(2),(9)	11/25/69	3,350,000		3,328,276

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Morgan Stanley Residential Mortgage Loan Trust Series 2025-NQM5, Class M1
6.14%^(2),(9)	07/25/70	$ 4,055,000	$	4,039,835
Morgan Stanley Residential Mortgage Loan Trust Series 2025-NQM9, Class A3
5.32%⁽²⁾	09/25/70	5,510,971		5,426,810
Morgan Stanley Residential Mortgage Loan Trust Series 2026-NQM1, Class A3
5.13%⁽²⁾	12/25/70	3,462,345		3,409,799
Morgan Stanley Residential Mortgage Loan Trust Series 2026-NQM1, Class M1
5.67%^(2),(9)	12/25/70	4,150,000		4,060,409
Morgan Stanley Residential Mortgage Loan Trust Series 2026-NQM2, Class M1
5.48%^(2),(9)	01/26/71	5,018,000		4,895,647
Morgan Stanley Residential Mortgage Loan Trust Series 2026-NQM3, Class M1
5.86%^(2),(9)	03/25/71	8,165,000		8,087,830
Mortimer PLC Series 2024-MIX, Class E
9.67% (1 day GBP SONIA + 5.920%)^(1),(3)	09/22/67	GBP 1,400,000		2,012,639
Nationstar Home Equity Loan Trust Series 2007-C, Class 2AV4
4.34% (1 mo. USD Term SOFR + 0.614%)⁽¹⁾	06/25/37	10,534		10,240
NEW Residential Mortgage Loan Trust Series 2025-NQM2, Class B1
7.23%^(2),(9)	04/25/65	3,550,000		3,697,245
New Residential Mortgage Loan Trust Series 2026-NQM4, Class M1
5.67%^(2),(9)	02/25/66	6,720,000		6,615,209
New Residential Mortgage Loan Trust Series 2026-NQM5, Class A3
5.68%⁽²⁾	04/25/66	2,940,780		2,927,930
New Residential Mortgage Loan Trust Series 2026-NQM5, Class M1
5.92%^(2),(9)	04/25/66	5,610,000		5,567,784
New Residential Mortgage Loan Trust Series 2026-NQM7, Class M1
6.02%^(2),(9)	06/25/66	2,930,000		2,910,399
NYMT Loan Trust Series 2025-CP1, Class M2B
3.75%^(2),(9)	11/25/69	4,930,000		4,502,003
Oakwood Mortgage Investors, Inc. Series 1999-C, Class A2
7.48%	08/15/27	153,892		97,947
OBX Trust Series 2022-NQM7, Class A3
5.70%⁽²⁾	08/25/62	1,030,569		1,028,838
OBX Trust Series 2024-NQM16, Class M1
6.37%^(2),(9)	10/25/64	4,000,000		4,027,247
OBX Trust Series 2025-NQM20, Class M1
5.80%^(2),(9)	10/25/65	6,500,000		6,409,580
OBX Trust Series 2025-NQM6, Class A3
5.96%⁽²⁾	03/25/65	4,644,350		4,655,087
OBX Trust Series 2026-NQM1, Class M1
5.64%^(2),(9)	11/25/65	5,250,000		5,169,170
OBX Trust Series 2026-NQM10, Class M1
5.89%^(2),(9)	06/25/66	3,725,000		3,687,227
OBX Trust Series 2026-NQM4, Class M1
5.71%^(2),(9)	02/25/66	6,000,000		5,916,414
OBX Trust Series 2026-NQM8, Class M1
5.79%^(2),(9)	05/25/66	3,980,000		3,957,252
PMT Loan Trust Series 2024-INV1, Class A29
6.00%^(2),(9)	10/25/59	926,839		927,778
PMT Loan Trust Series 2026-INV4, Class A28
6.00%^(2),(9)	03/25/57	4,807,388		4,794,471


Issues	Maturity Date	Principal Amount	Value
Polaris PLC Series 2026-2A, Class X1
5.96% (1 day GBP SONIA + 2.220%)^(1),(2)	03/27/69	GBP 3,434,422	$	4,615,058
PRET LLC Series 2025-NPL8, Class A1
5.73%⁽²⁾	08/25/55	8,351,290		8,362,921
PRET LLC Series 2025-NPL9, Class A1
5.39%⁽²⁾	08/25/55	3,845,931		3,849,584
Pretium Mortgage Credit Partners LLC Series 2025-NPL6, Class A1
5.74%⁽²⁾	06/25/55	3,118,849		3,123,299
Pretium Mortgage Credit Partners LLC Series 2025-NPL7, Class A1
5.66%⁽²⁾	07/25/55	10,130,612		10,142,068
Pretium Mortgage Credit Partners LLC Series 2026-NPL1, Class A1
5.18%⁽²⁾	01/25/56	5,796,013		5,743,175
Pretium Mortgage Credit Partners LLC Series 2026-NPL4, Class A1
5.51%⁽²⁾	04/25/56	6,766,529		6,740,904
Pretium Mortgage Credit Partners LLC Series 2026-NPL5, Class A1
5.71%⁽²⁾	04/25/56	7,086,147		7,077,620
Pretium Mortgage Credit Partners LLC Series 2026-NPL6, Class A1
5.69%⁽²⁾	05/25/56	10,002,542		9,983,224
Pretium Mortgage Credit Partners LLC Series 2026-RN1, Class A1
5.67%⁽²⁾	06/25/66	6,190,306		6,203,695
Pretium Mortgage Credit Partners LLC Series 2026-RN3, Class A1
5.85%⁽²⁾	08/25/56	6,520,000		6,544,324
PRKCM Trust Series 2023-AFC1, Class B1
7.29%^(2),(9)	02/25/58	1,200,000		1,195,742
PRPM LLC Series 2024-RPL1, Class B1
4.28%^(2),(9)	12/25/64	8,131,000		7,867,395
PRPM LLC Series 2024-RPL1, Class M1
4.28%^(2),(9)	12/25/64	1,600,000		1,566,750
PRPM LLC Series 2024-RPL3, Class A2
4.00%⁽²⁾	11/25/54	1,150,000		1,111,604
PRPM LLC Series 2024-RPL4, Class M1
4.00%⁽²⁾	12/25/54	1,280,000		1,223,698
PRPM LLC Series 2025-RCF1, Class A2
4.50%⁽²⁾	02/25/55	3,000,000		2,930,328
PRPM LLC Series 2025-RPL3, Class M2
3.25%⁽²⁾	04/25/55	4,150,000		3,876,011
PRPM LLC Series 2026-RCF2, Class M1
5.50%^(2),(9)	03/25/56	5,000,000		4,888,795
PRPM Trust Series 2023-NQM2, Class B1
6.82%^(2),(9)	08/25/68	1,250,000		1,248,435
PRPM Trust Series 2023-NQM3, Class B2
7.31%^(2),(9)	11/25/68	850,000		852,255
PRPM Trust Series 2025-NQM1, Class M1B
7.14%^(2),(9)	11/25/69	2,300,000		2,323,593
PRPM Trust Series 2026-RCF1, Class M1
5.50%⁽²⁾	01/25/56	5,000,000		4,899,906
RALI Trust Series 2005-QS14, Class 3A3
6.00%	09/25/35	84,949		74,464
RALI Trust Series 2005-QS16, Class A7
5.50%	11/25/35	284,728		250,046
RALI Trust Series 2006-QS15, Class A3
6.50%	10/25/36	603,066		521,554
RALI Trust Series 2006-QS18, Class 2A2 (I/O) (I/F)
2.71% (-1 mo. USD Term SOFR + 6.436%)⁽¹⁾	12/25/36	2,970,473		299,690

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
RALI Trust Series 2006-QS4, Class A2 (PAC)
6.00%	04/25/36	$ 215,394	$	173,945
RALI Trust Series 2006-QS4, Class A4
6.00%	04/25/36	266,826		215,480
RALI Trust Series 2006-QS6, Class 1A15
6.00%	06/25/36	106,870		88,100
RALI Trust Series 2006-QS6, Class 1A2
6.00%	06/25/36	419,823		346,087
RALI Trust Series 2006-QS6, Class 1A4
6.00%	06/25/36	700,657		577,596
RALI Trust Series 2007-QH9, Class X (P/O)
0.70%⁽⁹⁾	11/25/37	9,133,604		308,835
RALI Trust Series 2007-QO2, Class A1
3.99% (1 mo. USD Term SOFR + 0.264%)⁽¹⁾	02/25/47	502,303		146,182
RALI Trust Series 2007-QS1, Class 1A4
6.00%	01/25/37	352,767		289,855
RALI Trust Series 2007-QS1, Class 2A1 (I/O) (I/F)
2.80% (-1 mo. USD Term SOFR + 6.526%)⁽¹⁾	01/25/37	4,961,900		587,442
RALI Trust Series 2007-QS3, Class A1
6.50%	02/25/37	330,621		276,220
RALI Trust Series 2007-QS7, Class 1A1 (PAC)
6.00%	05/25/37	37,136		30,740
RCKT Mortgage Trust Series 2024-CES5, Class A3
6.44%⁽²⁾	08/25/44	860,000		864,408
RCKT Mortgage Trust Series 2024-CES6, Class B1
7.23%⁽²⁾	09/25/44	2,300,000		2,307,223
RCKT Mortgage Trust Series 2024-CES7, Class B1
7.31%⁽²⁾	10/25/44	4,325,000		4,350,701
RCKT Mortgage Trust Series 2024-CES8, Class A2
5.66%⁽²⁾	11/25/44	1,560,000		1,560,307
RCKT Mortgage Trust Series 2024-CES8, Class B1
7.40%⁽²⁾	11/25/44	5,010,000		5,050,168
RCKT Mortgage Trust Series 2025-CES1, Class B2B
6.64%^(2),(9)	01/25/45	2,300,000		2,272,256
RCKT Mortgage Trust Series 2025-CES12, Class B1
6.55%^(2),(9)	11/25/55	4,314,000		4,256,444
RCKT Mortgage Trust Series 2025-CES12, Class M1
5.65%^(2),(9)	11/25/55	5,000,000		4,940,966
RCKT Mortgage Trust Series 2025-CES4, Class B1
6.93%^(2),(9)	04/25/55	4,450,000		4,477,949
RCKT Mortgage Trust Series 2025-CES5, Class B1A
6.88%^(2),(9)	05/25/55	4,500,000		4,509,241
RCKT Mortgage Trust Series 2025-CES7, Class B1
6.97%^(2),(9)	07/25/55	3,890,000		3,897,929
RCKT Mortgage Trust Series 2025-CES8, Class B1A
6.04%^(2),(9)	08/25/55	5,250,000		5,180,575
RCKT Mortgage Trust Series 2026-CES6, Class B1
6.96%^(2),(9)	06/25/56	5,940,000		5,869,012
Reneu Redi Q-1 Trust Series 2026-RTL1, Class A1
5.89%⁽²⁾	06/25/41	7,800,000		7,788,986
Residential Asset Mortgage Products Trust Series 2006-EFC2, Class A4
4.28% (1 mo. USD Term SOFR + 0.554%)⁽¹⁾	12/25/36	675		675
Residential Asset Securitization Trust Series 2003-A15, Class 1A3 (I/O) (I/F)
3.71% (-1 mo. USD Term SOFR + 7.436%)⁽¹⁾	02/25/34	275,575		29,414


Issues	Maturity Date	Principal Amount	Value
Residential Asset Securitization Trust Series 2005-A8CB, Class A9
5.38%	07/25/35	$ 211,170	$	98,938
Residential Asset Securitization Trust Series 2006-A12, Class A1
6.25%	11/25/36	508,309		164,929
Residential Asset Securitization Trust Series 2006-A15, Class A2
6.25%	01/25/37	508,296		144,995
Residential Asset Securitization Trust Series 2006-A16, Class 1A3
6.00%	02/25/37	333,561		130,563
Residential Asset Securitization Trust Series 2006-A5CB, Class A4
6.00%	06/25/36	210,002		68,963
Residential Asset Securitization Trust Series 2007-A1, Class A1
6.00%	03/25/37	321,925		93,687
Residential Asset Securitization Trust Series 2007-A3, Class 1A4
5.75%	04/25/37	459,334		189,179
Residential Asset Securitization Trust Series 2007-A6, Class 1A3
6.00%	06/25/37	137,260		64,361
RFMSI Trust Series 2006-S10, Class 1A1
6.00%	10/25/36	511,583		411,448
RFMSI Trust Series 2006-S3, Class A7
5.50%	03/25/36	306,709		242,195
RFMSI Trust Series 2006-S6, Class A10
6.00%	07/25/36	170,241		146,070
RFMSI Trust Series 2006-S6, Class A14
6.00%	07/25/36	54,588		46,837
RFMSI Trust Series 2007-S8, Class 1A1
6.00%	09/25/37	118,594		78,714
RFT Trust Series 2026-RR1, Class A1
6.63%⁽²⁾	07/27/30	4,500,000		4,499,935
Saluda Grade Alternative Mortgage Trust Series 2024-FIG5, Class C
6.85%^(2),(9)	04/25/54	3,079,498		3,117,250
Saluda Grade Alternative Mortgage Trust Series 2024-FIG5, Class E
8.49%^(2),(9)	04/25/54	2,226,667		2,272,178
Saluda Grade Alternative Mortgage Trust Series 2025-LOC5, Class M3
6.57% (1 mo. USD Term SOFR + 2.850%)^(1),(2)	10/25/55	3,580,000		3,590,997
Santander Mortgage Asset Receivable Trust Series 2025-CES1, Class B1
6.47%^(2),(9)	09/25/55	3,255,000		3,201,201
Securitized Asset-Backed Receivables LLC Trust Series 2006-CB1, Class AF4
2.80%	01/25/36	215,054		181,159
Securitized Asset-Backed Receivables LLC Trust Series 2007-NC1, Class A2B
4.14% (1 mo. USD Term SOFR + 0.414%)⁽¹⁾	12/25/36	788,750		393,069
Sequoia Mortgage Trust Series 2026-5, Class A19
5.50%^(2),(9)	05/25/56	10,363,671		10,151,291
Shamrock Residential DAC Series 2024-1A, Class C
4.38% (1 mo. EUR EURIBOR + 2.200%)^(1),(2)	12/24/78	EUR 1,075,000		1,236,388

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Soundview Home Loan Trust Series 2007-OPT2, Class 2A4
4.09% (1 mo. USD Term SOFR + 0.364%)⁽¹⁾	07/25/37	$ 202,189	$	163,487
Soundview Home Loan Trust Series 2007-OPT4, Class 1A1
4.84% (1 mo. USD Term SOFR + 1.114%)⁽¹⁾	09/25/37	331,944		247,678
Structured Adjustable Rate Mortgage Loan Trust Series 2004-1, Class 4A1
5.86% ⁽⁹⁾	02/25/34	575		559
Structured Asset Mortgage Investments II Trust Series 2006-AR2, Class A1
4.30% (1 mo. USD Term SOFR + 0.574%)⁽¹⁾	02/25/36	6,594		6,052
Towd Point Mortgage Trust Series 2024-CES1, Class A1B
6.05%^(2),(9)	01/25/64	501,593		501,961
Towd Point Mortgage Trust Series 2026-CES1, Class M2
5.87% ^(2),(9)	01/25/66	2,250,000		2,219,624
Twin Bridges PLC Series 2026-1A, Class X
6.21% (1 day GBP SONIA + 2.470%)^(1),(2)	10/17/71	GBP 3,400,000		4,605,195
VCAT LLC Series 2026-NPL1, Class A1
5.10%⁽²⁾	01/25/56	5,379,868		5,336,370
VCAT LLC Series 2026-NPL2, Class A1
5.06%⁽²⁾	02/25/56	6,080,968		6,042,998
VCAT LLC Series 2026-NPL3, Class A1
5.57%⁽²⁾	05/25/56	7,567,374		7,563,159
Verus Securitization Trust Series 2022-2, Class A2
4.26%⁽²⁾	02/25/67	718,133		676,947
Verus Securitization Trust Series 2024-1, Class B1
7.91%^(2),(9)	01/25/69	2,980,000		3,001,383
Verus Securitization Trust Series 2024-INV1, Class B2
8.42%^(2),(9)	03/25/69	3,000,000		3,029,817
Verus Securitization Trust Series 2024-INV2, Class B2
7.90%^(2),(9)	08/26/69	550,000		554,284
Verus Securitization Trust Series 2025-12, Class B1
6.56%^(2),(9)	12/25/70	3,090,000		3,073,785
Verus Securitization Trust Series 2025-6, Class B1
6.87%^(2),(9)	07/25/70	2,250,000		2,259,262
Verus Securitization Trust Series 2025-7, Class M1
5.82%^(2),(9)	08/25/70	4,144,000		4,112,951
Verus Securitization Trust Series 2025-INV1, Class B1
6.95%^(2),(9)	02/25/70	1,750,000		1,762,633
Vista Point Securitization Trust Series 2024-CES2, Class A3
5.91%⁽²⁾	10/25/54	2,060,000		2,062,381
Vista Point Securitization Trust Series 2024-CES2, Class B1
7.50%^(2),(9)	10/25/54	3,500,000		3,514,713
Vista Point Securitization Trust Series 2025-CES3, Class B1
6.99%^(2),(9)	11/25/55	3,918,000		3,908,831
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2006-2, Class 1A6
6.00%	03/25/36	16,507		16,193
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust Series 2006-AR3, Class X3 (I/O)
1.15%	05/25/46	5,159,042		229,219
Wells Fargo Alternative Loan Trust Series 2007-PA2, Class 1A1
6.00%	06/25/37	136,162		122,737
Wells Fargo Alternative Loan Trust Series 2007-PA5, Class 1A1
6.25%	11/25/37	230,669		194,800
Wells Fargo Mortgage-Backed Securities Trust Series 2006-AR14, Class 2A3
6.49%⁽⁹⁾	10/25/36	19,887		18,453


Issues	Maturity Date	Principal Amount	Value
Wells Fargo Mortgage-Backed Securities Trust Series 2006-AR4, Class 2A1
5.70% ⁽⁹⁾	04/25/36	$ 3,961	$	3,950
Wells Fargo Mortgage-Backed Securities Trust Series 2007-7, Class A1
6.00%	06/25/37	1,057,538		980,545

Total Residential Mortgage-Backed Securities — Non-agency
(Cost: $845,264,365)				822,556,910

BANK LOANS — 8.5%
Advertising — 0.1%
Advantage Sales & Marketing, Inc. 2026 First Out Term Loan
10.01% (3 mo. USD Term SOFR + 6.000%)⁽¹⁾	04/19/30	758,281		671,234
Research Now Group, Inc. 2024 First Lien First Out Term Loan
8.90% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	07/15/28	1,449,922		1,378,629

				2,049,863

Aerospace & Defense — 0.1%
HDI Aerospace Intermediate Holding III Corp. Term Loan B
7.12% (6 mo. USD Term SOFR + 3.250%)⁽¹⁾	02/11/32	1,496,212		1,501,194
PMI U.S. Bidco, Inc Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/16/33	1,293,103		1,302,802
TransDigm, Inc. 2023 Term Loan J
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	02/28/31	634,353		635,897
TransDigm, Inc. 2025 Term Loan M
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/19/32	1,455,597		1,459,273

				4,899,166

Airlines — 0.0%
American Airlines, Inc. 2026 1st Lien Term Loan B
6.67% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	05/29/33	272,963		271,456
Apparel — 0.1%
ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	12/21/28	1,220,741		1,224,092
WH Borrower LLC 2025 Term Loan B
8.14% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	02/20/32	1,090,468		1,096,542

				2,320,634

Auto Manufacturers — 0.0%
Allison Transmission, Inc. 2025 Incremental Term Loan B
5.43% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	01/02/33	1,695,750		1,700,693

Auto Parts & Equipment — 0.1%
Stonepeak Motion Finco LLC Term Loan B
0.00%⁽¹²⁾	06/24/33	2,000,000		2,003,650

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Banks — 0.0%
Chrysaor Bidco SARL 2025 USD Term Loan B
6.76% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/30/31	$ 992,519	$	997,233
Beverages — 0.2%
Arterra Wines Canada, Inc. 2020 Term Loan
7.49% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	11/24/27	1,935,241		1,935,241
Naked Juice LLC 2025 FLFO Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	01/24/29	1,992,319		2,030,920
Pegasus BidCo BV 2026 USD Term Loan B
6.17% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	07/12/32	1,500,000		1,504,500
Primo Brands Corp. 2026 Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/31/31	912,711		917,499

				6,388,160

Biotechnology — 0.1%
BioMarin Pharmaceutical, Inc. Term Loan B
5.43% (6 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/27/33	1,500,000		1,500,285
Genmab AS 2026 Term Loan B
5.73% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	12/13/32	1,425,000		1,425,563
Grifols Worldwide Operations USA, Inc. 2026 USD Term Loan B
6.19% (6 mo. USD Term SOFR + 2.500%)⁽¹⁾	04/14/33	735,656		737,996

Total Biotechnology				3,663,844

Chemicals — 0.2%
Archroma Finance SARL 2026 USD Term Loan B
9.25% (6 mo. USD Term SOFR + 5.500%)⁽¹⁾	06/30/30	693,505		634,644
BASF Coatings USD Term Loan B
0.00%⁽¹²⁾	06/29/33	1,500,000		1,508,438
Chemcat Acquisition LLC Term Loan B
0.00%⁽¹²⁾	06/30/33	1,500,000		1,484,070
Illuminate Buyer LLC 2025 Term Loan B
0.00%⁽¹²⁾	12/31/29	2,000,000		1,989,160
Nouryon Finance BV 2026 USD Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/08/31	869,151		870,376

				6,486,688

Commercial Services — 0.9%
Albion Financing 3 SARL 2025 USD Term Loan
6.63% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	05/21/31	990,000		995,940
Allied Universal Holdco LLC 2025 USD Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	08/20/32	1,290,250		1,295,224


Issues	Maturity Date	Principal Amount	Value
Amspec Parent LLC 2026 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	12/22/31	$ 1,991,205	$	2,001,161
APi Group DE, Inc. 2026 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	05/16/33	1,271,813		1,275,755
ASP Dream Acquisition Co. LLC Term Loan B
8.08% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/15/28	1,114,204		1,044,104
Belron Finance 2019 LLC 2026 Repriced Term Loan B
5.66% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	10/16/31	1,942,500		1,943,520
Camelot U.S. Acquisition LLC 2024 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	01/31/31	1,000,000		935,470
CCRR Parent, Inc. 2026 Term Loan
8.91% (3 mo. USD Term SOFR + 5.250%)⁽¹⁾	05/27/32	181,283		129,768
CHG Healthcare Services, Inc. 2026 Term Loan B
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	09/29/31	1,747,500		1,748,050
Corpay Technologies Operating Co. LLC 2025 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/05/32	995,004		994,656
Crisis Prevention Institute, Inc. 2024 Term Loan B
0.00% ⁽¹²⁾	04/09/31	2,000,000		1,983,130
DTI Holdco, Inc. 2025 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/26/29	1,010,207		954,297
Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/06/29	1,489,481		1,497,546
Fugue Finance BV 2026 USD Term Loan B
5.92% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	01/09/32	1,003,297		1,002,895
Inspired Finco Holdings Ltd. 2026 USD Term Loan B
6.57% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	02/28/31	1,000,000		1,000,630
Kelso Industries LLC Term Loan
9.42% (3 mo. USD Term SOFR + 5.750%)⁽¹⁾	12/30/29	113,367		111,383
KUEHG Corp. 2025 Term Loan
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	06/12/30	992,481		940,202
Lernen Bidco Ltd. 2025 USD Term Loan B3
7.01% (6 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/27/31	992,519		967,706

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Nuvei Corp. 2025 Repriced Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/17/31	$ 1,334,140	$	1,303,709
PG Investment Co. 59 SARL 2025 Repriced Term Loan B
0.00%⁽¹²⁾	03/26/31	2,000,000		1,999,920
Prime Security Services Borrower LLC 2025 Incremental Term Loan B
5.41% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/07/32	992,462		984,676
Priority Holdings LLC 2025 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	08/02/32	733,584		726,938
Prometric Holdings, Inc. 2025 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	06/25/32	1,489,994		1,492,393
Sabert Corp. 2026 Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/10/28	1,745,625		1,755,444
Secretariat Advisors LLC 2025 Delayed Draw Term Loan
4.00%⁽¹⁾	02/28/32	108,495		104,517
Secretariat Advisors LLC 2025 Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	02/28/32	1,791,673		1,725,973
TTF Holdings LLC 2024 Term Loan
7.38% (6 mo. USD Term SOFR + 3.750%)⁽¹⁾	07/18/31	972,106		771,405
Valvoline, Inc. 2026 Term Loan B
5.50% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	12/01/32	657,392		659,775

				32,346,187

Computers — 0.2%
Amentum Holdings, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	09/29/31	2,494,391		2,496,262
McAfee LLC 2024 USD 1st Lien Term Loan B
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/01/29	1,174,339		1,065,507
NCR Atleos LLC 2025 Term Loan B
6.67% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	04/16/29	975,128		975,743
Peraton Corp. Term Loan B
7.67% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	02/01/28	687,278		627,385
Plano HoldCo, Inc. Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/02/31	989,356		780,355
Surf Holdings LLC 2025 Incremental Term Loan
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/05/27	1,484,221		1,408,688
Tempo Acquisition LLC 2025 Repriced Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	08/31/28	1,086,964		935,131

				8,289,071


Issues	Maturity Date	Principal Amount	Value
Cosmetics/personal Care — 0.1%
ACP Tara Holdings, Inc. 2026 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/15/32	$ 997,500	$	1,000,368
Opal Bidco SAS 2026 USD Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	04/28/32	876,231		878,812
Perrigo Investments LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/20/29	2,167,949		2,167,949

				4,047,129

Distribution &wholesale — 0.2%
BCPE Empire Holdings, Inc. 2025 Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/11/30	1,350,181		1,336,679
BCPE Empire Holdings, Inc. 2026 10th Amendment Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/29/32	1,496,250		1,481,759
Gloves Buyer, Inc. 2026 Term Loan B
7.48% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	05/21/32	1,369,010		1,372,720
Veritiv Corp. Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	12/02/30	1,059,706		1,008,708
VSE Corp. Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	05/05/33	750,000		754,687

				5,954,553

Diversified Financial Services — 0.2%
Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6
5.42% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/24/30	1,133,601		1,136,350
Blackhawk Network Holdings, Inc. 2026 Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/12/29	1,554,766		1,551,485
GC Ferry Acquisition I, Inc. Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	08/16/32	1,357,654		1,359,738
Guggenheim Partners LLC 2024 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/26/31	2,357,925		2,313,714
Jane Street Group LLC 2024 Term Loan B1
5.67% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	12/15/31	1,450,870		1,446,851

				7,808,138

Electric — 0.2%
Alpha Generation LLC Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/30/31	1,758,912		1,753,670

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Astoria Energy LLC 2025 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/23/32	$ 1,422,267	$	1,425,923
South Field LLC 2025 1st Lien Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/29/31	327,275		329,116
South Field LLC 2025 1st Lien Term Loan C
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/29/31	21,453		21,573
Talen Energy Supply LLC 2023 Term Loan B
0.00%⁽¹²⁾	11/25/32	398,972		396,893
Talen Energy Supply LLC 2024-1 Incremental Term Loan
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	12/15/31	1,771,475		1,768,339

				5,695,514

Electrical Components & Equipment — 0.1%
Energizer Holdings, Inc. 2025 Term Loan B
5.67% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	03/19/32	1,328,626		1,330,294
Pelican Products, Inc. 2021 Term Loan
8.24% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/29/28	2,142,089		2,072,986

				3,403,280

Electronics — 0.1%
Coherent Corp. 2025 Term Loan B2
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	07/02/29	1,991,897		1,996,458
Dwyer Instruments, Inc. 2026 Delayed Draw Term Loan
0.00%⁽¹²⁾	07/15/33	126,307		126,346
Dwyer Instruments, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	07/15/33	1,852,495		1,853,079
LSF12 Crown U.S. Commercial Bidco LLC 2026 Term Loan B
6.24% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/02/31	855,223		857,806
TCP Sunbelt Acquisition Co. 2024 Term Loan B
7.92% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	10/24/31	839,262		839,262

				5,672,951

Engineering & Construction — 0.1%
Astrion Group LLC 2024 Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	08/29/31	487,456		411,900
DG Investment Intermediate Holdings 2, Inc. 2025 Term Loan
0.00%⁽¹²⁾	07/09/32	2,050,000		2,056,406
ITG Communications LLC Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	07/09/31	966,838		967,641
SBA Senior Finance II LLC 2024 Term Loan B
0.00%⁽¹²⁾	01/25/31	218,159		218,463
Trilon Group LLC 2026 Delayed Draw Term Loan
0.00%	06/13/33	29,714		29,733


Issues	Maturity Date	Principal Amount	Value
Trilon Group LLC 2026 Term Loan
9.25% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/13/33	$ 948,082	$	948,674

				4,632,817

Entertainment — 0.8%
Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/24/32	1,645,875		1,632,708
Betclic Everest Group SAS 2026 EUR Term Loan B2
5.23% (3 mo. EURIBOR + 3.000%)⁽¹⁾	12/10/31	EUR 1,380,555		1,598,259
Caesars Entertainment, Inc. 2022 Term Loan A
5.83% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	01/31/28	1,477,612		1,468,990
Caesars Entertainment, Inc. Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	02/06/30	299,074		289,466
Churchill Downs, Inc. 2021 Incremental Term Loan B1
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/17/28	1,606,405		1,610,421
City Football Group Ltd. 2024 Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	07/22/30	1,445,867		1,445,687
Delta 2 Lux SARL 2024 Term Loan B1
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/30/31	2,000,000		2,003,330
DK Crown Holdings, Inc. 2025 Term Loan B
5.43% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/04/32	2,012,480		2,009,803
EOC Borrower LLC Term Loan A
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	03/24/28	155,428		155,767
EOC Borrower LLC Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/24/32	495,000		497,166
Flutter Financing BV 2024 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/30/30	905,760		899,193
Great Canadian Gaming Corp. 2024 Term Loan B
8.43% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾	11/01/29	2,000,000		1,983,750
GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	10/31/29	964,574		966,687
J&J Ventures Gaming LLC 2025 Repriced Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	04/26/30	1,489,162		1,484,769
Light and Wonder International, Inc. 2026 Term Loan B
5.67% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/16/29	1,496,250		1,499,991

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Live Nation Entertainment, Inc. 2025 Term Loan B
5.67% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	10/21/32	$ 995,000	$	996,711
PCI Gaming Authority Term Loan
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	07/18/31	1,997,455		1,997,855
PENN Entertainment, Inc. 2022 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	05/30/33	1,992,248		1,989,310
Pioneer Opco LLC Term Loan B
7.00% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	05/16/33	1,191,373		1,199,779
TKO Worldwide Holdings LLC 2026 Term Loan B
5.41% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/21/31	1,736,891		1,735,909
Voyager Parent LLC Repriced Term Loan B
7.98% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	07/01/32	846,168		848,435

				28,313,986

Environmental Control — 0.2%
Action Environmental Group, Inc. 2023 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/24/30	992,386		984,328
Heritage Environmental Services, Inc. 2026 Term Loan B
6.82% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	04/01/33	1,173,113		1,180,445
Heritage-Crystal Clean, Inc. Term Loan B
6.64% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/17/30	1,745,524		1,754,252
MIP V Waste Holdings LLC 2026 Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/20/32	1,982,538		1,994,928

				5,913,953

Financial — 0.0%
ACI Rover Parent LLC 2026 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/09/33	1,500,000		1,500,000
Food — 0.3%
1440 Food Topco LLC Term Loan B
8.73% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	10/31/31	738,693		545,787
B&G Foods, Inc. 2024 Term Loan B
0.00%⁽¹²⁾	10/10/29	1,496,193		1,480,917
BCPE North Star U.S. HoldCo 2, Inc. Term Loan
7.85% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	06/09/28	1,485,460		1,490,481
C&S Wholesale Grocers, Inc. Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	09/20/30	1,833,856		1,737,579


Issues	Maturity Date	Principal Amount	Value
Chobani LLC 2025 Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	10/28/32	$ 995,000	$	999,975
Snacking Investments Bidco Pty. Ltd. 2026 Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	10/29/32	1,492,500		1,497,477
United Natural Foods, Inc. 2026 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	05/01/31	976,258		986,938
Upfield BV 2026 USD Term Loan B15
8.12% (6 mo. USD Term SOFR + 4.250%)⁽¹⁾	10/31/30	997,061		969,283

				9,708,437

Forest Products & Paper — 0.1%
Ahlstrom Holding 3 OYJ 2026 Fungible Add-On Term Loan B
0.00%⁽¹²⁾	05/23/30	2,000,000		2,007,350

Health Care-products — 0.3%
Antylia Scientific Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	05/27/32	98,465		97,583
Auris Luxembourg III SARL 2026 USD Term Loan B
0.00%⁽¹²⁾	02/28/32	1,500,000		1,504,995
Hologic, Inc. 2026 USD Term Loan B
5.99% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	04/07/33	2,362,085		2,325,756
Mckesson Medical-Surgical Top Holdings, Inc. Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/09/32	1,500,000		1,503,285
Medline Borrower LP 2026 Term Loan B
5.23% (1 mo. USD Term SOFR + 1.500%)⁽¹⁾	05/30/33	2,090,991		2,085,638
Neogen Food Safety Corp. Refinancing Term Loan A
0.00%⁽¹²⁾	04/04/30	1,986,035		1,966,175

				9,483,432

Health Care-services — 0.5%
ADMI Corp. 2021 Incremental Term Loan B3
7.60% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	12/23/27	492,248		461,583
ADMI Corp. 2021 Term Loan B2
7.22% (1 mo. USD Term SOFR + 3.375%)⁽¹⁾	12/23/27	1,165,902		1,090,393
ADMI Corp. 2023 Term Loan B5
9.48% (1 mo. USD Term SOFR + 5.750%)⁽¹⁾	12/23/27	82,617		78,968
Charlotte Buyer, Inc. 2026 Term Loan B
8.15% (1 mo. USD Term SOFR + 4.500%)⁽¹⁾	06/30/31	1,491,088		1,494,771
Concentra Health Services, Inc. 2025 Repriced Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	07/26/31	1,994,949		1,997,024

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
DaVita, Inc. 2025 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	05/09/31	$ 1,496,222	$	1,497,740
Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B
8.07% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	03/30/29	1,493,520		1,387,107
Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B
9.32% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	03/30/29	492,353		468,967
Heartland Dental LLC 2025 Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	08/25/32	1,382,785		1,386,360
IQVIA, Inc. 2025 Incremental Term Loan B5
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	01/02/31	122,947		123,523
Lumexa Imaging, Inc. 2026 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/17/32	1,496,250		1,502,953
ModivCare Buyer LLC Takeback Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	12/30/32	1,124,578		959,636
NAPA Management Services Corp. Term Loan B
9.08% (1 mo. USD Term SOFR + 5.250%)⁽¹⁾	02/23/29	1,366,859		987,986
Pediatric Associates Holding Co. LLC 2026 Term Loan B
8.67% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	12/29/31	1,498,070		1,502,961
Star Parent, Inc. Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	09/27/30	1,087,689		1,092,975
U.S. Fertility Enterprises LLC 2025 Delayed Draw Term Loan
3.50% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/30/32	24,211		24,339
U.S. Fertility Enterprises LLC 2025 Term Loan
6.65% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	12/30/32	1,898,400		1,908,480

				17,965,766

Household Products/wares — 0.0%
Lavender Dutch BorrowerCo BV USD Term Loan
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/30/32	1,492,500		1,493,060

Insurance — 0.1%
Acrisure LLC 2024 1st Lien Term Loan B6
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	11/06/30	1,984,962		1,822,195
AmWINS Group, Inc. 2026 Term Loan B
5.73% (3 mo. USD Term SOFR + 2.000%)	01/30/32	1,195,696		1,186,914


Issues	Maturity Date	Principal Amount	Value
Asurion LLC 2024 Term Loan B12
8.07% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	09/19/30	$ 179,516	$	175,522

				3,184,631

Internet — 0.2%
Arches Buyer, Inc. 2021 Term Loan B
7.08% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/06/27	1,486,323		1,487,252
Barracuda Networks, Inc. 2022 Term Loan
8.32% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	08/15/29	536,465		362,578
Delivery Hero SE 2024 USD Term Loan B
8.64% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	12/12/29	2,028,687		2,055,314
MH Sub I LLC 2024 Term Loan B4
7.98% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/31/31	106,634		95,677
PUG LLC 2024 Extended Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	03/15/30	1,235,107		1,238,503
Red Ventures LLC 2024 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/04/30	472,684		438,178
TripAdvisor, Inc. Term Loan
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	07/08/31	998,075		966,267
WatchGuard Technologies, Inc. Term Loan
8.98% (1 mo. USD Term SOFR + 5.250%)⁽¹⁾	07/02/29	700,928		653,966

				7,297,735

Investment Companies — 0.1%
AAL Delaware Holdco, Inc. 2026 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	07/30/31	994,962		1,000,042
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 100mm
0.00%⁽¹²⁾	07/14/33	140,845		140,845
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 200mm
0.00%⁽¹²⁾	07/14/33	281,690		281,690
Emerald Expositions Holding, Inc. 2026 Term Loan
0.00%⁽¹²⁾	07/14/33	1,077,465		1,077,465

				2,500,042

Leisure Time — 0.0%
Alterra Mountain Co. 2025 Term Loan B9
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/17/28	994,987		997,475

Lodging — 0.2%
Four Seasons Hotels Ltd. 2026 Term Loan B
0.00%⁽¹²⁾	09/16/32	3,077,472		3,086,135
Hilton Domestic Operating Co., Inc. 2023 Term Loan B4
5.47% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/08/30	924,611		926,997

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Station Casinos LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	03/14/31	$ 1,489,841	$	1,493,297
Wyndham Hotels & Resorts, Inc. 2024 Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	05/24/30	992,405		995,298

				6,501,727

Machinery-Construction & Mining — 0.2%
SGB-SMIT MidCo GmbH EUR Term Loan B
5.94% (1 mo. EURIBOR + 3.750%)⁽¹⁾	03/10/33	EUR 1,990,738		2,309,485
Tenaska Westmoreland Management LLC Term Loan B
5.87% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	02/18/33	1,496,250		1,495,786
Terex Corp. 2025 Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	10/08/31	992,481		995,121
WEC U.S. Holdings Ltd. 2024 Term Loan
5.65% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	01/27/31	1,600,012		1,599,972

				6,400,364

Machinery-Diversified — 0.1%
LSF12 Helix Parent LLC USD Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	02/10/33	2,000,000		1,981,050
Pro Mach Group, Inc. 2026 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	10/15/32	1,492,509		1,496,905

				3,477,955

Media — 0.4%
Charter Communications Operating LLC 2024 Term Loan B5
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	12/15/31	4,488,074		4,327,895
Discovery Global Holdings, Inc. 2026 USD Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/03/33	1,781,601		1,785,128
Midcontinent Communications 2024 Term Loan B
0.00%⁽¹²⁾	08/18/31	1,808,125		1,782,133
Mission Broadcasting, Inc. 2021 Term Loan B
6.26% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/02/28	1,221,148		1,222,369
MJH Healthcare Holdings LLC 2025 Fungible Add On Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	01/29/29	997,500		955,106
NEP Group, Inc. 2025 Term Loan B
0.00%⁽¹²⁾	10/17/31	149,625		140,443
Nexstar Broadcasting, Inc. 2025 Term Loan B5
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/28/32	990,000		987,530


Issues	Maturity Date	Principal Amount	Value
Virgin Media Bristol LLC 2023 USD Term Loan Y
6.97% (6 mo. USD Term SOFR + 3.175%)⁽¹⁾	03/31/31	$ 2,696,507	$	2,315,626

				13,516,230

Mining — 0.0%
American Rock Salt Co. LLC 2024 First Out Term Loan
10.85% (1 mo. USD Term SOFR + 7.000%)⁽¹⁾	06/09/28	179,797		181,633

Miscellaneous Manufacturers — 0.1%
Cleanova U.S. Holdings LLC 2025 Term Loan B
8.41% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾	06/14/32	2,056,695		2,048,982
Plastipak Packaging, Inc. 2025 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	09/24/32	992,500		994,426

				3,043,408

Office/Business Equipment — 0.1%
Xerox Holdings Corp. 2023 Non-CoOp Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	11/19/29	3,415,999		2,772,647

Oil & Gas — 0.0%
Liquid Tech Solutions LLC 2025 Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/12/32	1,396,191		1,390,955

Packaging & Containers — 0.2%
Amneal Pharmaceuticals LLC 2026 Term Loan
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/01/32	992,506		997,002
Balcan Innovations, Inc. Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	10/20/31	573,801		470,876
Clydesdale Acquisition Holdings, Inc. Term Loan B
6.91% (1 mo. USD Term SOFR + 3.175%)⁽¹⁾	04/13/29	869,798		850,988
Dechra Pharmaceuticals Holdings Ltd. 2026 USD Term Loan B3
6.70% (6 mo. USD Term SOFR + 2.750%)⁽¹⁾	01/27/32	1,494,754		1,500,591
LSF12 Pillar Investments SARL Term Loan B
0.00%⁽¹²⁾	04/30/33	EUR 1,929,176		2,234,194
Sword Purchaser LLC USD Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/11/33	450,000		434,653
TricorBraun Holdings, Inc. 2021 Term Loan
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/03/31	997,382		904,252

				7,392,556

Pharmaceuticals — 0.1%
Alkermes, Inc. 2026 Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	08/12/31	997,500		1,002,069

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Elanco Animal Health, Inc. 2025 Term Loan B
5.40% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	10/31/32	$ 995,000	$	996,368
Jazz Financing Lux SARL 2024 1st Lien Term Loan B2
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	05/05/28	872,356		875,710
Paradigm Parent LLC 1st Lien Term Loan
8.23% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	04/16/32	595,500		523,072

				3,397,219

Pipelines — 0.3%
Colossus Acquireco LLC 2026 Term Loan B
5.37% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	01/31/33	1,495,000		1,491,158
Crescent Midstream Operating LLC Term Loan B
7.40% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	02/18/33	1,500,000		1,509,225
Freeport LNG Investments LLLP 2026 Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	02/11/33	1,496,243		1,503,859
ITT Holdings LLC 2026 Term Loan B
5.71% (1 mo. USD Term SOFR + 1.975%)⁽¹⁾	10/11/30	992,481		993,722
Traverse Midstream Partners LLC 2026 Term Loan B
6.04% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	07/14/33	1,500,000		1,501,312
Venture Global Calcasieu Pass LLC 2026 Term Loan B
6.95% (6 mo. USD Term SOFR + 3.250%)⁽¹⁾	04/11/33	1,500,000		1,512,067
Whitewater Matterhorn Holdings LLC 2026 Term Loan B
0.00%⁽¹²⁾	06/16/32	2,000,000		1,986,790

Total Pipelines (Cost: $10,467,212)				10,498,133

REIT — 0.1%
Healthpeak Properties, Inc. 2024 Term Loan A3
4.47% (3 mo. USD Term SOFR + 0.850%)⁽¹⁾	03/01/29	223,979		220,060
Healthpeak Properties, Inc. Term Loan A1
4.57% (1 mo. USD Term SOFR + 0.840%)⁽¹⁾	08/20/27	110,979		109,869
Healthpeak Properties, Inc. Term Loan A2
4.57% (1 mo. USD Term SOFR + 0.840%)⁽¹⁾	02/22/27	110,979		109,869
Invitation Homes Operating Partnership LP 2024 Term Loan
4.52% (1 mo. USD Term SOFR + 0.850%)⁽¹⁾	09/11/28	739,444		733,440
OEG Borrower LLC 2024 Term Loan B
7.17% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	06/30/31	992,424		1,000,284


Issues	Maturity Date	Principal Amount	Value
Outfront Media Capital LLC 2025 Term Loan B
5.49% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/24/32	$ 1,000,000	$	1,002,080

				3,175,602

Retail — 0.4%
1011778 BC Unlimited Liability Co. 2024 Term Loan B6
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/20/30	864,103		865,364
BW Gas & Convenience Holdings LLC 2021 Term Loan B
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/31/28	996,928		1,000,667
Dave & Buster’s, Inc. 2024 1st Lien Term Loan B
6.94% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	11/01/31	361,755		293,399
Lakeshore Intermediate LLC Term Loan
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	09/29/28	491,003		459,139
Men’s Wearhouse, Inc. 2026 Term Loan B
9.41% (3 mo. USD Term SOFR + 5.750%)⁽¹⁾	01/28/31	1,130,769		1,142,258
Michaels Cos., Inc. 2026 Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	03/15/33	1,400,000		1,399,846
Peer Holding III BV 2025 USD Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	10/14/32	1,097,250		1,099,033
Peer Holding III BV 2025 USD Term Loan B5B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	07/01/31	1,713,400		1,719,183
QXO, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	07/01/33	1,500,000		1,499,250
Raising Cane’s Restaurants LLC 2025 Term Loan A
0.00%⁽¹²⁾	11/05/30	2,000,000		1,990,000
Raising Cane’s Restaurants LLC 2025 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	11/03/32	993,753		991,766
Thermostat Purchaser III, Inc. 2024 Term Loan B
7.98% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	08/31/28	1,496,183		1,471,496

				13,931,401

Software — 0.5%
Access CIG LLC 2025 Term Loan
7.82% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	08/19/30	987,487		871,458
Athenahealth Group, Inc. 2026 Term Loan B
0.00%⁽¹²⁾	02/16/32	1,000,000		994,480
Boxer Parent Co., Inc. 2025 USD Term Loan B
6.42% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	07/30/31	90,363		82,532
Cast & Crew Payroll LLC 2021 Incremental Term Loan
7.57% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	12/29/28	1,712,722		606,586

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Cloud Software Group, Inc. 2025 Term Loan B (2031)
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/21/31	$ 1,489,994	$	1,354,859
Cloudera, Inc. 2021 Term Loan
7.58% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	10/08/28	1,038,239		922,091
Cotiviti Corp. 2025 2nd Amendment Term Loan
6.40% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/26/32	1,246,851		1,167,926
Darktrace PLC 1st Lien Term Loan
6.99% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/09/31	741,209		681,746
Dayforce, Inc. 2026 Term Loan
6.82% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	02/04/33	800,000		746,140
Electronic Arts, Inc. Term Loan B
0.00%⁽¹²⁾	03/24/33	614,066		618,558
EP Purchaser LLC 2023 Term Loan B
8.28% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	11/06/28	429,263		281,167
Genesys Cloud Services Holdings II LLC 2025 USD Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	01/30/32	570,912		551,587
Genius Sports Ltd. Term Loan
0.00%⁽¹²⁾	04/30/31	1,500,000		1,440,000
Planview Parent, Inc. 2024 1st Lien Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/17/27	1,463,792		1,264,087
Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/26/30	1,489,893		1,168,821
Quartz Acquireco LLC 2025 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/28/30	1,723,686		1,460,824
Renaissance Holding Corp. 2024 1st Lien Term Loan
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/05/30	2,073,506		1,608,408
SolarWinds Holdings, Inc. 2025 Term Loan
7.67% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/16/32	1,083,602		850,627
Tuple U.S. Bidco LLC Term Loan B
7.73% (6 mo. USD Term SOFR + 3.750%)⁽¹⁾	01/18/33	1,246,875		1,200,117

				17,872,014

Telecommunications — 0.1%
GOGO Intermediate Holdings LLC Term Loan B
7.60% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	04/30/28	1,790,273		1,628,871


Issues	Maturity Date	Principal Amount	Value
Zayo Group Holdings, Inc. 2025 USD Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/11/30	$ 882,631	$	884,790

				2,513,661

Transportation — 0.1%
Genesee & Wyoming, Inc. 2024 Term Loan
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/10/31	2,094,670		2,091,277
Kenan Advantage Group, Inc. 2024 Term Loan B4
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	01/25/29	1,496,183		1,500,866

				3,592,143

Total Bank Loans (Cost: $303,063,406)				298,654,542

U.S. TREASURY SECURITIES — 7.2%
U.S. Treasury Notes
4.13%	06/30/28	1,055,000		1,052,321
4.13%	06/30/31	8,847,000		8,731,920
4.25%	07/31/28	83,866,000		83,839,792
4.38%	07/31/31	160,264,000		159,919,682

Total U.S. Treasury Securities (Cost: $253,600,405)				253,543,715

Foreign Government Bonds — 0.1%
Iron & Steel — 0.0%
Total Fixed Income Securities (Cost: $3,846,825,083)				3,784,063,419

CONVERTIBLE SECURITIES — 0.1%
CONVERTIBLE CORPORATE BONDS — 0.1%
Beverages — 0.0%
Davide Campari-Milano NV (Italy)
2.38%⁽³⁾	01/17/29	EUR 1,500,000		1,682,469

Engineering & Construction — 0.1%
Cellnex Telecom SA
0.75%⁽³⁾	11/20/31	EUR 1,800,000		1,921,987

Total Convertible Corporate Bonds (Cost: $3,611,373)				3,604,456

Total Convertible Securities (Cost: $3,611,373)				3,604,456


Issues	Shares		Value
COMMON STOCK — 0.0%
Beverages — 0.0%
Luxco Co. Ltd.⁽¹³⁾	5,862			115,338

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026



Security		Shares	Value

Health Care-Services — 0.0%
ModivCare, Inc.⁽¹³⁾		71,577	$	409,349

Packaging & Containers — 0.0%
Ardagh Holdings SA⁽¹³⁾		32,376		194,256

Real Estate — 0.0%
China Aoyuan Group Ltd.⁽¹³⁾		30,741		153

REIT — 0.0%
AGNC Investment Corp.		25,500		271,830

Software — 0.0%
Research Now Group LLC⁽¹³⁾		506		844


Total Common Stock

(Cost: $1,655,945)				991,770


Issues		Shares	Value
WARRANTS — 0.0%
Cineworld Group PLC^(6),(13)		152,713		2

Total Warrants
(Cost: $—)				2


Security		Shares	Value
INVESTMENT COMPANIES — 2.6%
TCW Private Asset Income Fund⁽¹⁴⁾		9,157,916		91,487,583

Total Investment Companies (Cost: $91,599,914)				91,487,583

MONEY MARKET INVESTMENTS — 5.2%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽¹⁵⁾		18,370,547		18,370,547
TCW Central Cash Fund, 3.74%^(14),(15)		162,100,997		162,100,997

Total Money Market Investments (Cost: $180,471,544)				180,471,544


Issues	Maturity Date	Principal Amount	Value
SHORT -TERM INVESTMENTS — 0.1%
Egypt Treasury Bills
0.00%⁽⁷⁾	12/01/26	EGP 148,425,000		2,698,583

Total Short -term Investments (Cost: $2,926,265)				2,698,583

Total Investments (116.0%) (Cost: $4,127,090,124)				4,063,317,357
Net Unrealized Appreciation/depreciation On Unfunded Commitments(16) (0.0%)				(1,593	)
Liabilities In Excess Of Other Assets (-16.0%)				(560,623,946	)

Net Assets (100.0%)			$	3,502,691,818

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

BUY (17)
Bank of New York		EUR		2,733,113		09/11/26		3,117,848		3,156,431		38,583
JP Morgan Chase Bank		EUR		84,505		09/11/26		96,543		97,593		1,050
Goldman Sachs & Co.		GBP		18,689,267		09/11/26		24,669,428		25,187,849		518,421

							$	27,883,819	$	28,441,873	$	558,054

SELL (18)
JP Morgan Chase Bank		AUD		36,313,717		09/11/26		25,045,752		25,534,998		(489,246	)
Bank of New York		AUD		946,928		09/11/26		662,788		665,858		(3,070	)
Bank of New York		CAD		6,027,798		09/11/26		4,259,983		4,306,929		(46,946	)
Bank of New York		EUR		114,413,057		09/11/26		130,624,017		132,133,925		(1,509,908	)
JP Morgan Chase Bank		EUR		5,958,935		09/11/26		6,816,139		6,881,885		(65,746	)
JP Morgan Chase Bank		GBP		57,018,592		09/11/26		75,265,748		76,844,943		(1,579,195	)

							$	242,674,427	$	246,368,538	$	(3,694,111	)

FUTURES CONTRACTS


Number of Contracts	Type	Expiration Date		Notional Contract Value		Value			Net Unrealized Appreciation (Depreciation)

Long Futures
3,444	2-Year U.S. Treasury Note Futures		09/30/26		709,729,490		708,118,691			(1,610,799	)
8,103	5-Year U.S. Treasury Note Futures		09/30/26		864,125,189		858,728,090			(5,397,099	)

				$	1,573,854,679	$	1,566,846,781		$	(7,007,898	)

Short Futures
150	10-Year Australian Bond Futures		09/15/26		(11,427,342)	$	(11,411,976	)	$	15,366
3,098	10-Year U.S. Treasury Note Futures		09/21/26		(342,994,492)		(339,860,281	)		3,134,211
453	3-Year Australian Bond Futures		09/15/26		(33,185,780)		(33,212,304	)		(26,524	)
55	30-Year Euro-Buxl Futures		09/08/26		(6,863,586)		(6,711,447	)		152,139
30	5-Year Canadian Bond Futures		09/18/26		(2,407,787)		(2,395,121	)		12,666
359	Euro Schatz Futures		09/08/26		(43,752,645)		(43,656,344	)		96,301
208	Euro-Bobl Futures		09/08/26		(27,476,641)		(27,305,112	)		171,529
204	Euro-Bund Futures		09/08/26		(29,566,685)		(29,254,765	)		311,920
68	Long Gilt Futures		09/28/26		(8,014,600)		(7,926,553	)		88,047
757	U.S. Ultra Long Bond Futures		09/21/26		(84,396,077)		(83,033,438	)		1,362,639

				$	(590,085,635)	$	(584,767,341	)	$	5,318,294

CENTRALLY CLEARED - INTEREST RATE SWAP AGREEMENTS


Notional Amount	Expiration Date		Counterparty		Payment Made by Fund Frequency		Payment Made by Fund	Payment Received by Fund Frequency		Payment Received by Fund		Unrealized Appreciation (Depreciation)			Premium Paid			Value
GBP 10,098,636		06/26/28		Citibank N.A.		Annual	12 - Month SONIA		Annual		4.000%	$	(66,859	)	$	62		$	(66,797	)
GBP 200,385,468		06/26/28		Citibank N.A.		Annual	12 - Month SONIA		Annual		4.000%		(1,201,627	)		(123,821	)		(1,325,448	)

												$	(1,268,486	)	$	(123,759	)	$	(1,392,245	)

SWAPTIONS


Description	Counterparty	Exercise Price	Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation (Depreciation)

Written Swaptions — OTC

2-Year Interest Rate Swap	Barclays Capital	4.94	10/26/26		(138,785,000	)		(138,785,000	)		(166,435	)		(258,836	)		92,401

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Description	Counterparty	Exercise Price	Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums Paid (Received) by Fund			Unrealized Appreciation (Depreciation)

2-Year Interest Rate Swap	Barclays Capital	3.94	10/26/26	$	(138,785,000	)		(138,785,000	)	$	(153,229	)		(110,929	)		(42,300	)


										$	(319,664	)	$	(369,765	)	$	50,101

Notes to the Schedule of Investments:

ABS	Asset-Backed Securities.

ACES	Alternative Credit Enhancement Securities.

CLO	Collateralized Loan Obligation.

I/F	Inverse Floating rate security whose interest rate moves in the opposite direction of prevailing interest rates.

I/O	Interest Only Security.

LIBOR

London Interbank Offered Rate.

MTA	Monthly Treasury Average.

PAC	Planned Amortization Class.

PIK	Payment In Kind.

P/O	Principal Only Security.

REIT	Real Estate Investment Trust.

REMIC

Real Estate Mortgage Investment Conduits.

SOFR	Secured Overnight Financing Rate.

SONIA

Sterling Overnight Index Average.

STACR

Structured Agency Credit Risk.

STRIPS

Separate Trading of Registered Interest and Principal Securities.

TAC	Target Amortization Class.

TBA	To Be Announced.

AUD	Australian Dollar.

CAD	Canadian Dollar.

EGP	Egyptian Pound.

EUR	Euro Currency.

GBP	British Pound Sterling.

TRY	Turkish New Lira.

(1)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(2)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $1,882,125,807 or 53.7% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(3)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $115,029,266 or 3.3% of net assets.

(4)	Perpetual maturity.

(5)	This security is purchased on a when-issued, delayed-delivery or forward commitment basis.

(6)	For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(7)	Security is not accruing interest.

(8)	Restricted security (Note 7).

(9)

(10)

This security is a residual or equity position that does not have a stated interest rate. This residual or equity position is entitled to recurring distributions which are generally equal to the remaining cash flow of payments made by underlying securities less contractual payments to debt holders and fund expenses.

(11)	Security purchased on a forward commitment with an approximate principal amount. The actual principal amount and maturity date will be determined upon settlement when the security is delivered.

(12)	This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.

(13)	Non-income producing security.

(14)	Affiliated issuer.

(15)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(16)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.

(17)	Fund buys foreign currency, sells USD.

(18)	Fund sells foreign currency, buys USD.

TCW Flexible Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

The summary of the TCW Flexible Income ETF transactions in the affiliated funds for the period ended July 31, 2026 is as follows:


Name of Affiliated Fund	Value at October 31, 2025		Purchases at Cost		Proceeds from Sales		Number of Shares Held July 31, 2026		Value at July 31, 2026		Dividends and Interest Income Received		Distributions Received from Net Realized Gain		Net Realized Gain (Loss) on Investments			Net change in Unrealized Gain (Loss) on Investments

TCW Central Cash Fund	$	130,360,997	$	1,285,900,000	$	1,254,160,000		162,100,997	$	162,100,997	$	3,479,653	$	–	$	–		$	–

TCW Private Asset Income Fund		43,407,511		48,230,392		82,057		9,157,916		91,487,583	$	4,174,092				(38	)		(68,225	)


Total				—					$	253,588,580	$	7,653,745	$	–	$	(38	)	$	(68,225	)

TCW Flexible Income ETF


Fair Valuation Summary (Unaudited)		July 31, 2026

The following is a summary of the fair valuations according to the inputs used as of July 31, 2026 in valuing the Fund’s investments:



Description	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total

Fixed Income Securities

Residential Mortgage-Backed Securities — Non-Agency	$	—		$	818,401,100		$	4,155,810	$	822,556,910

Residential Mortgage-Backed Securities — Agency		—			754,859,746			—		754,859,746

Corporate Bonds		—			686,252,868			22,882,321		709,135,189

Commercial Mortgage-Backed Securities — Non-Agency		—			500,132,487			—		500,132,487

Asset-Backed Securities		—			378,242,849			12,619,238		390,862,087

Bank Loans		—			298,654,542			—		298,654,542

U.S. Treasury Securities		—			253,543,715			—		253,543,715

Foreign Government Bonds		—			53,724,588			—		53,724,588

Commercial Mortgage-Backed Securities — Agency		—			594,155			—		594,155

Total Fixed Income Securities		—			3,744,406,050			39,657,369		3,784,063,419

Convertible Securities

Convertible Corporate Bonds		—			3,604,456			—		3,604,456

Equity Securities

Money Market Investments		180,471,544			—			—		180,471,544

Investment Companies		—			91,487,583			—		91,487,583

Common Stock		153			991,617			—		991,770

Warrants		—			—			2		2

Total Equity Securities		180,471,697			92,479,200			2		272,950,899

Short -Term Investments

Short-Term Investment		—			2,698,583			—		2,698,583

Net Unrealized Appreciation (Depreciation) on Unfunded Commitments	$	—		$	(1,593	)	$	—	$	(1,593	)

Total Investments	$	180,471,697		$	3,843,186,696		$	39,657,371	$	4,063,315,764

Asset Derivatives

Forward Currency Contracts

Foreign Currency Risk		—			558,054			—		558,054

Futures Contracts

Interest Rate Risk		5,344,818			—			—		5,344,818

Swap Agreements

Interest Rate Risk		—			1,392,245			—		1,392,245

Total	$	185,816,515		$	3,845,136,995		$	39,657,371	$	4,070,610,881



Liability Derivatives

Forward Currency Contracts

Foreign Currency Risk	$	—		$	(3,694,111	)	$	—	$	(3,694,111	)

Futures Contracts

Interest Rate Risk		(7,034,422	)		—			—		(7,034,422	)

Written Swaptions

Interest Rate Risk		—			(319,664	)		—		(319,664	)

Total	$	(7,034,422	)	$	(4,013,775	)	$	—	$	(11,048,197	)

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
FIXED INCOME SECURITIES — 93.8% of Net Assets
CORPORATE BONDS — 89.8%

Advertising — 1.1%
Advantage Sales & Marketing, Inc.
9.00%⁽¹⁾		11/15/30	$ 61,540	$	54,205
Clear Channel Outdoor Holdings, Inc.
7.13%⁽¹⁾		02/15/31	80,000		82,556
Neptune Bidco U.S., Inc.
10.38%⁽¹⁾		05/15/31	100,000		104,810
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.63%⁽¹⁾		03/15/30	105,000		101,576

					343,147


Aerospace & Defense — 1.9%
TransDigm, Inc.
6.38%⁽¹⁾		03/01/29	277,000		280,463
6.38%⁽¹⁾		05/31/33	205,000		205,113
6.75%⁽¹⁾		01/31/34	45,000		45,753
6.88%⁽¹⁾		12/15/30	70,000		71,775

					603,104


Airlines — 0.7%
American Airlines, Inc./AAdvantage Loyalty IP Ltd.
5.75%⁽¹⁾		04/20/29	220,000		219,118


Apparel — 0.5%
Crocs, Inc.
4.13%⁽¹⁾		08/15/31	174,000		160,306


Auto Manufacturers — 0.4%
Allison Transmission, Inc.
3.75%⁽¹⁾		01/30/31	100,000		92,850
Aston Martin Capital Holdings Ltd. (Jersey)
10.00%⁽¹⁾		03/31/29	35,000		19,730

					112,580


Auto Parts & Equipment — 1.3%
Cyprium Corp./Cyprium Holdings Luxembourg SARL
6.38%⁽¹⁾		04/15/34	200,000		197,618
IHO Verwaltungs GmbH (Germany) (7.38% Cash or 8.12% PIK)
7.38%⁽¹⁾		05/15/33	54,000		56,040
ZF North America Capital, Inc. (Germany)
6.88%⁽¹⁾		04/23/32	35,000		34,370
7.50%⁽¹⁾		03/24/31	130,000		130,848

					418,876


Banks — 0.5%
Citigroup, Inc.
6.63% (5 yr. CMT + 3.001%)^(2),(3)		02/15/31	170,000		170,544


Beverages — 0.3%
Primo Water Holdings, Inc./Triton Water Holdings, Inc.
6.25%⁽¹⁾		04/01/29	100,000		100,542


Biotechnology — 0.4%
Genmab AS/Genmab Finance LLC (Denmark)
6.25%⁽¹⁾		12/15/32	125,000		126,251


Building Materials — 0.5%
Quikrete Holdings, Inc.
6.38%⁽¹⁾		03/01/32	160,000		162,034


Chemicals — 1.4%
SCIH Salt Holdings, Inc.
6.63%⁽¹⁾		05/01/29	51,000		51,018


Issues	Maturity Date		Principal Amount	Value
6.63%^(1),(4)		08/15/31	$ 79,000	$	78,968
8.00%^(1),(4)		08/15/32	157,000		156,259
WR Grace Holdings LLC
7.00%⁽¹⁾		08/01/33	90,000		86,404
7.38%⁽¹⁾		03/01/31	60,000		59,629

					432,278


Commercial Services — 5.5%
ADT Security Corp.
5.88%⁽¹⁾		10/15/33	130,000		126,519
Albion Financing 1 Sarl/Aggreko Holdings, Inc. (Luxemburg)
7.00%⁽¹⁾		05/21/30	155,000		158,035
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.88%⁽¹⁾		06/15/30	130,000		132,900
Brink’s Co.
6.75%⁽¹⁾		06/15/32	97,000		98,903
Carriage Services, Inc.
4.25%⁽¹⁾		05/15/29	146,000		138,542
EquipmentShare.com, Inc.
7.13%⁽¹⁾		07/01/34	330,000		315,691
Garda World Security Corp. (Canada)
8.38%⁽¹⁾		11/15/32	60,000		61,008
Grand Canyon University
5.13%		10/01/28	150,000		148,443
Herc Holdings, Inc.
7.25%⁽¹⁾		06/15/33	166,000		171,413
Raven Acquisition Holdings LLC
6.88%⁽¹⁾		11/15/31	115,000		111,996
Service Corp. International
5.75%		10/15/32	100,000		99,405
Upbound Group, Inc.
6.38%⁽¹⁾		02/15/29	35,000		34,827
VT Topco, Inc.
8.50%⁽¹⁾		08/15/30	124,000		126,794

					1,724,476


Computers — 0.6%
McAfee Corp.
7.38%⁽¹⁾		02/15/30	45,000		38,166
Science Applications International Corp.
5.88%⁽¹⁾		11/01/33	140,000		137,162

					175,328


Cosmetics/Personal Care — 1.0%
Edgewell Personal Care Co.
4.13%⁽¹⁾		04/01/29	140,000		134,890
Perrigo Finance Unlimited Co.
5.15%		06/15/30	30,000		28,407
6.13%		09/30/32	142,000		134,979

					298,276


Distribution &Wholesale — 0.7%
Core & Main LP
6.00%⁽¹⁾		07/01/34	80,000		79,606
RB Global Holdings, Inc. (Canada)
6.75%⁽¹⁾		03/15/28	137,000		138,634

					218,240


Diversified Financial Services — 3.6%
First Eagle Holdings, Inc.
7.25%⁽¹⁾		08/15/32	245,000		248,087
GGAM Finance Ltd. (Ireland)
8.00%⁽¹⁾		02/15/27	405,000		405,846
Jane Street Group/JSG Finance, Inc.
6.13%⁽¹⁾		11/01/32	285,000		283,812

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
7.13%⁽¹⁾		04/30/31	$ 194,000	$	200,379

					1,138,124


Electric — 4.4%
Alliant Energy Corp.
5.75% (5 yr. CMT + 2.077%)⁽²⁾		04/01/56	262,000		257,122
Alpha Generation LLC
6.25%⁽¹⁾		01/15/34	130,000		127,217
6.75%⁽¹⁾		10/15/32	105,000		105,987
American Electric Power Co., Inc.
6.05% (5 yr. CMT + 1.940%)⁽²⁾		03/15/56	110,000		107,901
CenterPoint Energy, Inc.
5.95% (5 yr. CMT + 2.223%)⁽²⁾		04/01/56	260,000		257,631
Dominion Energy, Inc.
6.20% (5 yr. CMT + 2.006%)⁽²⁾		02/15/56	140,000		138,107
Entergy Corp.
5.88% (5 yr. CMT + 2.179%)⁽²⁾		06/15/56	60,000		59,367
Southern Co.
6.00% (5 yr. CMT + 1.993%)⁽²⁾		04/01/58	80,000		79,381
Vistra Operations Co. LLC
6.88%⁽¹⁾		04/15/32	190,000		196,344
WEC Energy Group, Inc.
5.63% (5 yr. CMT + 1.905%)⁽²⁾		05/15/56	60,000		59,090

					1,388,147


Electrical Components & Equipment — 0.5%
Energizer Holdings, Inc.
6.00%⁽¹⁾		09/15/33	177,000		168,300


Electronics — 0.6%
Coherent Corp.
5.00%⁽¹⁾		12/15/29	65,000		63,619
Sensata Technologies, Inc.
6.63%⁽¹⁾		07/15/32	136,000		139,312

					202,931


Engineering & Construction — 0.1%
Brand Industrial Services, Inc.
10.38%⁽¹⁾		08/01/30	37,000		32,056


Entertainment — 4.2%
Banijay Entertainment SAS (France)
8.13%⁽¹⁾		05/01/29	110,000		113,294
Brightstar Lottery PLC/Brightstar Global Solutions Corp. (United Kingdom)
5.75%⁽¹⁾		01/15/33	55,000		53,076
Caesars Entertainment, Inc.
4.63%⁽¹⁾		10/15/29	75,000		71,451
6.00%⁽¹⁾		10/15/32	124,000		109,021
6.50%⁽¹⁾		02/15/32	45,000		43,102
7.00%⁽¹⁾		02/15/30	97,000		97,413
Churchill Downs, Inc.
6.75%⁽¹⁾		05/01/31	33,000		33,501
Great Canadian Gaming Corp./Raptor LLC (Canada)
8.75%⁽¹⁾		11/15/29	90,000		90,911
Light & Wonder International, Inc.
6.25%⁽¹⁾		10/01/33	205,000		201,622
Pioneer Opco LLC
7.00%⁽¹⁾		05/15/33	80,000		80,991


Issues	Maturity Date		Principal Amount	Value
Rivers Enterprise Borrower LLC
6.25%⁽¹⁾		10/15/30	$ 140,000	$	140,764
Rivers Enterprise Borrower LLC/Rivers Enterprise Finance Corp.
6.63%⁽¹⁾		02/01/33	98,000		98,661
Voyager Parent LLC
9.25%⁽¹⁾		07/01/32	44,000		46,790
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
6.25%⁽¹⁾		03/15/33	141,000		139,897

					1,320,494


Environmental Control — 1.7%
GFL Environmental, Inc.
4.00%⁽¹⁾		08/01/28	260,000		253,781
Luna 1.5 SARL (Luxemburg)
12.00%⁽¹⁾		07/01/32	53,187		57,074
Waste Pro USA, Inc.
7.00%⁽¹⁾		02/01/33	205,000		208,770

					519,625


Food — 1.3%
Chobani LLC/Chobani Finance Corp., Inc.
6.38%⁽¹⁾		04/15/34	115,000		115,472
Post Holdings, Inc.
6.38%⁽¹⁾		03/01/33	201,000		198,154
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed
4.63%⁽¹⁾		03/01/29	108,000		104,462

					418,088


Gas — 1.2%
AmeriGas Partners LP/AmeriGas Finance Corp.
9.50%⁽¹⁾		06/01/30	112,000		120,123
NiSource, Inc.
5.75% (5 yr. CMT + 2.035%)⁽²⁾		07/15/56	105,000		103,505
Northwest Natural Holding Co.
7.00% (5 yr. CMT + 2.701%)⁽²⁾		09/15/55	145,000		147,275

					370,903


Hand/Machine Tools — 0.4%
IMA Industria Macchine Automatiche SpA (Italy)
6.18% (3 mo. EUR EURIBOR + 3.750%)^(1),(2)		04/15/29	EUR 100,000		116,396


Health Care-Products — 0.8%
Bausch & Lomb Corp.
8.38%⁽¹⁾		10/01/28	83,000		85,290
Medline Borrower LP
5.25%⁽¹⁾		10/01/29	104,000		103,121
Teleflex, Inc.
5.88%⁽¹⁾		01/15/32	50,000		49,704

					238,115


Health Care-Services — 3.9%
Charlotte Buyer, Inc.
8.00%⁽¹⁾		06/30/31	160,000		161,864
CHS/Community Health Systems, Inc.
5.25%⁽¹⁾		05/15/30	209,000		193,542
DaVita, Inc.
6.88%⁽¹⁾		09/01/32	98,000		100,771
HealthEquity, Inc.
4.50%⁽¹⁾		10/01/29	62,000		60,192
Kedrion SpA (Italy)
6.50%⁽¹⁾		09/01/29	205,000		202,708

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
ModivCare, Inc.
0.00%^{(1),(5),(6),(7)}		10/01/29	$ 210,000	$	3,150
Molina Healthcare, Inc.
6.25%⁽¹⁾		01/15/33	41,000		40,596
6.50%⁽¹⁾		02/15/31	19,000		19,195
Star Parent, Inc.
9.00%⁽¹⁾		10/01/30	15,000		15,783
Surgery Center Holdings, Inc.
7.25%⁽¹⁾		04/15/32	138,000		138,493
Tenet Healthcare Corp.
6.75%		05/15/31	200,000		204,190
6.88%		11/15/31	96,000		101,952

					1,242,436


Home Builders — 0.5%
Installed Building Products, Inc.
5.63%⁽¹⁾		02/01/34	175,000		169,663


Home Furnishings — 0.3%
Tempur Sealy International, Inc.
3.88%⁽¹⁾		10/15/31	115,000		104,852


Household Products/Wares — 0.5%
Spectrum Brands, Inc.
3.88%⁽¹⁾		03/15/31	193,000		170,214


Housewares — 1.2%
Central Garden & Pet Co.
4.13%		10/15/30	65,000		61,575
4.13%⁽¹⁾		04/30/31	90,000		84,069
Newell Brands, Inc.
6.63%		05/15/32	125,000		126,476
7.38%		04/01/36	57,000		57,569
7.50%		04/01/46	45,000		41,781

					371,470


Insurance — 3.7%
Acrisure LLC/Acrisure Finance, Inc.
7.50%⁽¹⁾		11/06/30	95,000		92,008
8.25%⁽¹⁾		02/01/29	136,000		130,485
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
7.00%⁽¹⁾		01/15/31	169,000		171,768
7.38%⁽¹⁾		10/01/32	130,000		131,035
AmWINS Group, Inc.
6.38%⁽¹⁾		02/15/29	60,000		60,375
Ardonagh Finco Ltd. (United Kingdom)
7.75%⁽¹⁾		02/15/31	125,000		126,974
Ardonagh Group Finance Ltd. (United Kingdom)
8.88%⁽¹⁾		02/15/32	60,000		59,786
Asurion LLC/Asurion Co-Issuer, Inc.
8.38%⁽¹⁾		02/01/34	50,000		45,626
CRC Insurance Group LLC
7.13%⁽¹⁾		06/01/31	70,000		69,950
Farmers Exchange Capital II
6.15% (3 mo. USD Term SOFR + 4.006%)^(1),(2)		11/01/53	160,000		156,894
HUB International Ltd.
7.25%⁽¹⁾		06/15/30	115,000		118,589

					1,163,490


Internet — 2.8%
Arches Buyer, Inc.
9.00%⁽¹⁾		08/15/31	200,000		201,104
Beignet Investor LLC
6.58%⁽¹⁾		05/30/49	80,000		77,422


Issues	Maturity Date		Principal Amount	Value
Getty Images, Inc.
11.25%⁽¹⁾		02/21/30	$ 82,500	$	64,593
ION Platform Finance U.S., Inc./ION Platform Finance SARL
8.75%⁽¹⁾		05/01/29	140,000		130,698
Match Group Holdings II LLC
5.63%⁽¹⁾		02/15/29	143,000		142,728
Snap, Inc.
6.88%⁽¹⁾		03/01/33	171,000		167,348
Sopaipilla Investor LLC
7.53%⁽¹⁾		11/30/48	80,000		83,030

					866,923


Investment Companies — 0.9%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
9.00%		06/15/30	45,000		42,951
9.75%		01/15/29	140,000		139,538
10.00%⁽¹⁾		11/15/29	109,000		109,277

					291,766


Iron & Steel — 0.3%
Cleveland-Cliffs, Inc.
7.38%⁽¹⁾		05/01/33	80,000		80,934


Leisure Time — 0.7%
Gaia Purchaser, Inc.
7.63%⁽¹⁾		07/15/33	152,000		152,645
Sabre Financial Borrower LLC
11.13%⁽¹⁾		06/15/29	55,000		57,930

					210,575


Lodging — 1.8%
Hilton Domestic Operating Co., Inc.
5.88%⁽¹⁾		04/01/29	158,000		159,368
MGM Resorts International
6.50%		04/15/32	75,000		74,578
Studio City Finance Ltd. (Mongolia)
5.00%⁽¹⁾		01/15/29	110,000		105,080
Wyndham Hotels & Resorts, Inc.
5.63%⁽¹⁾		03/01/33	170,000		165,503
Wynn Macau Ltd. (Mongolia)
5.13%⁽¹⁾		12/15/29	64,000		62,054

					566,583


Machinery-Diversified — 0.6%
Columbus McKinnon Corp.
7.13%⁽¹⁾		02/01/33	53,000		53,494
Lsf12 Helix Parent LLC
7.13%⁽¹⁾		02/01/33	120,000		117,987
Oregon Tool Lux LP
7.88%⁽¹⁾		10/15/29	10,548		1,872

					173,353


Media — 9.3%
Belo Corp.
7.25%		09/15/27	160,000		163,763
CCO Holdings LLC/CCO Holdings Capital Corp.
5.38%⁽¹⁾		06/01/29	449,000		436,904
7.38%⁽¹⁾		02/01/36	384,000		366,067
CSC Holdings LLC
5.75%⁽¹⁾		01/15/30	158,000		34,344
6.50%⁽¹⁾		02/01/29	200,000		113,784
DirectTV Financing LLC/DirectTV Financing Co-Obligor, Inc.
10.00%⁽¹⁾		02/15/31	107,000		111,913
Discovery Global Holdings, Inc.
5.05%		03/15/42	405,000		283,306

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value
EchoStar Corp.
10.75%		11/30/29	$ 240,000	$	259,738
Midcontinent Communications
8.00%⁽¹⁾		08/15/32	209,000		177,696
Paramount Global
4.20%		06/01/29	75,000		71,306
4.95%		01/15/31	75,000		68,758
Sinclair Television Group, Inc.
4.38%⁽¹⁾		12/31/32	50,000		37,921
8.13%⁽¹⁾		02/15/33	90,000		92,821
Sirius XM Radio LLC
4.13%⁽¹⁾		07/01/30	225,000		210,557
Univision Communications, Inc.
8.88%⁽¹⁾		04/15/33	220,000		213,400
Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)
8.50%⁽¹⁾		03/15/33	103,000		66,306
VZ Secured Financing BV (Netherlands)
5.00%⁽¹⁾		01/15/32	200,000		164,204
Ziggo Bonds Co. BV (Netherlands)
5.13%⁽¹⁾		02/28/30	74,000		60,110

					2,932,898


Mining — 0.3%
Compass Minerals International, Inc.
8.00%⁽¹⁾		07/01/30	100,000		104,441


Oil & Gas — 2.8%
Hilcorp Energy I LP/Hilcorp Finance Co.
6.88%⁽¹⁾		05/15/34	84,000		82,287
Matador Resources Co.
6.00%⁽¹⁾		04/15/34	120,000		116,127
6.25%⁽¹⁾		04/15/33	102,000		100,467
SM Energy Co.
7.00%⁽¹⁾		08/01/32	78,000		79,322
9.63%⁽¹⁾		06/15/33	140,000		154,142
Sunoco LP
5.63%⁽¹⁾		07/15/34	80,000		77,490
7.88% (5 yr. CMT + 4.230%)^(1),(2),(3)		09/18/30	260,000		267,077

					876,912


Oil & Gas Services — 1.6%
Archrock Partners LP/Archrock Partners Finance Corp.
6.63%⁽¹⁾		09/01/32	80,000		81,227
Archrock Services LP/Archrock Partners Finance Corp.
6.00%⁽¹⁾		02/01/34	120,000		117,566
Kodiak Gas Services LLC
6.75%⁽¹⁾		10/01/35	70,000		70,594
USA Compression Partners LP/USA Compression Finance Corp.
6.25%⁽¹⁾		10/01/33	100,000		98,544
WBI Operating LLC
6.50%⁽¹⁾		10/15/33	140,000		139,773

					507,704


Packaging & Containers — 0.4%
Graphic Packaging International LLC
6.38%⁽¹⁾		07/15/32	130,000		129,983


Pharmaceuticals — 2.7%
1261229 BC Ltd.
10.00%⁽¹⁾		04/15/32	330,000		337,494
Amneal Pharmaceuticals LLC
6.88%⁽¹⁾		08/01/32	31,000		31,950
CVS Health Corp.
6.75% (5 yr. CMT + 2.516%)⁽²⁾		12/10/54	145,000		149,205


Issues	Maturity Date		Principal Amount	Value
Grifols SA (Spain)
7.50%⁽⁸⁾		05/01/30	EUR 83,077	$	99,755
Paradigm Parent LLC & Paradigm Parent Co-Issuer, Inc.
8.75%⁽¹⁾		04/17/32	65,000		59,704
Teva Pharmaceutical Finance Netherlands III BV (Israel)
6.00%		12/01/32	174,000		177,678

					855,786


Pipelines — 4.5%
Buckeye Partners LP
6.75%		08/15/33	97,000		99,454
Energy Transfer LP
6.63% (3 mo. USD LIBOR + 4.155%)^(2),(3)		02/15/28	240,000		241,027
Global Partners LP/GLP Finance Corp.
7.13%⁽¹⁾		07/01/33	120,000		121,829
Harvest Midstream I LP
6.75%⁽¹⁾		05/15/34	60,000		60,299
ITT Holdings LLC
6.50%⁽¹⁾		08/01/29	155,000		153,400
NGL Energy Operating LLC/NGL Energy Finance Corp.
8.13%⁽¹⁾		02/15/29	65,000		66,660
Rockies Express Pipeline LLC
4.95%⁽¹⁾		07/15/29	63,000		62,273
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
6.00%⁽¹⁾		09/01/31	106,000		104,599
Venture Global Calcasieu Pass LLC
6.00%⁽¹⁾		05/01/36	160,000		158,463
Venture Global LNG, Inc.
6.63%⁽¹⁾		06/15/36	80,000		78,492
9.00% (5 yr. CMT + 5.440%)^(1),(2),(3)		09/30/29	32,000		31,823
Venture Global Plaquemines LNG LLC
6.75%⁽¹⁾		01/15/36	143,000		149,794
7.75%⁽¹⁾		05/01/35	90,000		99,752

					1,427,865


Real Estate — 0.2%
Cushman & Wakefield U.S. Borrower LLC
8.88%⁽¹⁾		09/01/31	54,000		56,580


REIT — 1.2%
GLP Capital LP/GLP Financing II, Inc. (REIT)
5.63%		03/01/36	165,000		158,440
Hudson Pacific Properties LP
5.95%		02/15/28	92,000		91,248
RHP Hotel Properties LP/RHP Finance Corp. (REIT)
5.75%⁽¹⁾		03/15/34	115,000		112,686

					362,374


Retail — 6.8%
1011778 BC ULC/New Red Finance, Inc. (Canada)
4.00%⁽¹⁾		10/15/30	111,000		104,545
Academy Ltd.
5.88%⁽¹⁾		05/15/31	80,000		79,258
Asbury Automotive Group, Inc.
4.63%⁽¹⁾		11/15/29	115,000		111,790
BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.
9.50%⁽¹⁾		07/01/32	150,000		146,165
Ferrellgas LP/Ferrellgas Finance Corp.
9.25%⁽¹⁾		01/15/31	133,000		139,884
FirstCash, Inc.
6.88%⁽¹⁾		03/01/32	236,000		239,878
LCM Investments Holdings II LLC
8.25%⁽¹⁾		08/01/31	133,000		138,784

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Lithia Motors, Inc.
5.50%⁽¹⁾	10/01/30	$ 60,000	$	59,347
Macy’s Retail Holdings LLC
7.38%⁽¹⁾	08/01/33	82,000		85,524
Men’s Wearhouse LLC
9.00%⁽¹⁾	02/01/31	50,000		53,326
Michaels Cos., Inc.
8.50%⁽¹⁾	03/15/33	100,000		99,206
11.00%⁽¹⁾	03/15/34	15,000		14,689
Murphy Oil USA, Inc.
3.75%⁽¹⁾	02/15/31	100,000		93,074
Papa John’s International, Inc.
3.88%⁽¹⁾	09/15/29	223,000		210,258
QXO Building Products, Inc.
6.75%⁽¹⁾	04/30/32	115,000		117,563
6.88%⁽¹⁾	07/15/34	110,000		110,308
Sally Holdings LLC/Sally Capital, Inc.
6.75%	04/01/32	98,000		99,998
Staples, Inc.
10.75%⁽¹⁾	09/01/29	61,000		58,439
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.50%⁽¹⁾	12/15/35	180,000		173,479

				2,135,515


Software — 3.4%
AthenaHealth Group, Inc.
7.50%⁽¹⁾	02/15/32	110,000		112,930
Cloud Software Group LLC
8.25%⁽¹⁾	06/30/32	315,000		298,478
OAK-Eagle Acquireco, Inc.
7.25%⁽¹⁾	07/01/33	90,000		93,419
Open Text Corp. (Canada)
3.88%⁽¹⁾	12/01/29	90,000		83,047
Open Text Holdings, Inc. (Canada)
4.13%⁽¹⁾	12/01/31	15,000		13,245
Oracle Corp.
5.70%	02/04/36	85,000		78,783
RingCentral, Inc.
8.50%⁽¹⁾	08/15/30	31,000		32,373
Salesforce, Inc.
5.55%	03/15/36	115,000		112,138
SS&C Technologies, Inc.
6.50%⁽¹⁾	06/01/32	110,000		111,078
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.
3.88%⁽¹⁾	02/01/29	165,000		137,602

				1,073,093


Telecommunications — 3.8%
Global Switch Finance BV (United Kingdom)
1.38%⁽⁸⁾	10/07/30	EUR 115,000		121,509
Level 3 Financing, Inc.
6.88%⁽¹⁾	06/30/33	210,000		212,782
Road Michigan Property Owner I LLC
7.50%⁽¹⁾	03/30/45	65,000		62,860
Stingray Compute LLC
6.00%⁽¹⁾	06/15/31	48,000		46,943
SV RNO Property Owner 1 LLC
5.88%⁽¹⁾	03/01/31	146,000		135,840
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
8.63%⁽¹⁾	06/15/32	95,000		97,064
Vmed O2 U.K. Financing I PLC (United Kingdom)
4.75%⁽¹⁾	07/15/31	56,000		44,289


Issues	Maturity Date	Principal Amount	Value
Windstream Services LLC/Windstream Escrow Finance Corp.
8.25%⁽¹⁾	10/01/31	$ 146,000	$	151,897
Yondr JK 1 LLC
6.88%⁽¹⁾	06/30/31	304,000		289,803
Zayo Group Holdings, Inc. (5.75% Cash or 0.50% PIK) due 3/29/27
9.25%⁽¹⁾	03/09/30	42,382		42,412

				1,205,399

Total Corporate Bonds (Cost: $28,548,441)				28,259,088

BANK LOANS — 4.0%

Beverages — 0.6%
Naked Juice LLC 2025 FLFO Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽²⁾	01/24/29	196,114		199,914


Commercial Services — 0.2%
Kelso Industries LLC Term Loan
9.42% (3 mo. USD Term SOFR + 5.750%)⁽²⁾	12/30/29	47,236		46,410


Electrical Components & Equipment — 0.2%
Pelican Products, Inc. 2021 Term Loan
8.24% (3 mo. USD Term SOFR + 4.250%)⁽²⁾	12/29/28	59,225		57,314


Electronics — 0.2%
TCP Sunbelt Acquisition Co. 2024 Term Loan B
7.92% (3 mo. USD Term SOFR + 4.250%)⁽²⁾	10/24/31	64,025		64,025


Health Care-Services — 0.8%
ADMI Corp. 2021 Term Loan B2
7.22% (1 mo. USD Term SOFR + 3.375%)⁽²⁾	12/23/27	34,908		32,647
ADMI Corp. 2023 Term Loan B5
9.48% (1 mo. USD Term SOFR + 5.750%)⁽²⁾	12/23/27	63,693		60,880
ModivCare Buyer LLC Takeback Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽²⁾	12/30/32	113,776		97,089
Pluto Acquisition I, Inc. 2024 First Out Superpriority Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽²⁾	06/20/28	70,000		70,963

				261,579


Internet — 0.4%
Barracuda Networks, Inc. 2022 Term Loan
8.32% (3 mo. USD Term SOFR + 4.500%)⁽²⁾	08/15/29	34,198		23,114
Delivery Hero SE 2024 USD Term Loan B
8.64% (3 mo. USD Term SOFR + 5.000%)⁽²⁾	12/12/29	74,298		75,273

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
PUG LLC 2024 Extended Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽²⁾	03/15/30	$ 41,805	$	41,920

				140,307


Media — 0.3%
Virgin Media Bristol LLC 2023 USD Term Loan Y
6.97% (6 mo. USD Term SOFR + 3.175%)⁽²⁾	03/31/31	111,290		95,571


Office/Business Equipment — 0.4%
Xerox Holdings Corp. 2023 Non-CoOp Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽²⁾	11/19/29	150,228		121,934


Software — 0.9%
Cast & Crew Payroll LLC 2021 Incremental Term Loan
7.57% (3 mo. USD Term SOFR + 3.750%)⁽²⁾	12/29/28	119,272		42,242
Cloudera, Inc. 2021 Term Loan
7.58% (1 mo. USD Term SOFR + 3.750%)⁽²⁾	10/08/28	54,238		48,171
Planview Parent, Inc. 2024 1st Lien Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽²⁾	12/17/27	79,494		68,649
Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽²⁾	10/26/30	49,747		39,026
Renaissance Holding Corp. 2024 1st Lien Term Loan
7.73% (1 mo. USD Term SOFR + 4.000%)⁽²⁾	04/05/30	104,198		80,826

				278,914

Total Bank Loans (Cost: $1,308,137)				1,265,968

Total Fixed Income Securities (Cost: $29,856,578)				29,525,056


Issues		Shares	Value
COMMON STOCK — 0.5%

Beverages — 0.1%
Luxco Co. Ltd.⁽⁹⁾		1,289		25,362

Health Care-Services — 0.3%
ModivCare, Inc.⁽⁹⁾		17,678		101,100

Packaging & Containers — 0.1%
Ardagh Holdings SA⁽⁹⁾		3,932		23,592

Total Common Stock (Cost: $234,774)				150,054

WARRANTS — 0.0% Cineworld Group PLC^(9),(10)		42,717		—

Total Warrants (Cost: $—)				—


Issues	Shares		Value
MONEY MARKET INVESTMENTS — 5.0%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽¹¹⁾		450,424	$	450,424
TCW Central Cash Fund, 3.74%^(11),(12)		1,127,000		1,127,000
Total Money Market Investments (Cost: $1,577,424)				1,577,424

Total Investments (99.3%) (Cost: $31,668,776)				31,252,534

Excess Of Other Assets Over Liabilities (0.7%)				235,036
Net Assets (100.0%)			$	31,487,570

TCW High Yield Bond ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

BUY (13)
Goldman Sachs & Co.		EUR		62,087		09/11/26		70,963		71,704		741

							$	70,963	$	71,704	$	741

SELL (14)
Citibank N.A.		EUR		391,884		09/11/26		447,604		452,581		(4,977	)

							$	447,604	$	452,581	$	(4,977	)

FUTURES CONTRACTS


Number of Contracts	Type	Expiration Date	Notional			Market Value			Net Unrealized Appreciation (Depreciation)

Short Futures
7	10-Year U.S. Treasury Note Futures	09/21/26		(774,248	)		(767,922	)		6,326
12	5-Year U.S. Treasury Note Futures	09/30/26		(1,281,564	)		(1,271,719	)		9,845
1	Euro-Bobl Futures	09/08/26		(132,127	)		(131,275	)		852
			$	(2,187,939	)	$	(2,170,916	)	$	17,023

Notes to the Schedule of Investments:

CMT	Constant Maturity Treasury Index.

EURIBOR

Euro Interbank Offered Rate.

PAC	Planned Amortization Class.

PIK	Payment In Kind.

REIT	Real Estate Investment Trust.

SOFR	Secured Overnight Financing Rate.

EUR	Euro Currency.

(1)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $23,341,215 or 74.1% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(2)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(3)	Perpetual maturity.

(4)	This security is purchased on a when-issued, delayed-delivery or forward commitment basis.

(5)	Restricted security (Note 14).

(6)	Security is not accruing interest.

(7)	Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued.

(8)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $221,264 or 0.7% of net assets.

(9)	Non-income producing security.

(10)	For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.

(11)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(12)	Affiliated issuer.

(13)	Fund buys foreign currency, sells USD.

(14)	Fund sells foreign currency, buys USD.

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
FIXED INCOME SECURITIES — 97.3% of Net Assets
CORPORATE BONDS — 47.1%

Advertising — 0.1%
Neptune Bidco U.S., Inc.
10.38%⁽¹⁾	05/15/31	$ 40,000	$	41,924


Auto Manufacturers — 0.4%
Aston Martin Capital Holdings Ltd. (Jersey)
10.00%⁽¹⁾	03/31/29	45,000		25,366
Volkswagen International Finance NV (Germany)
7.88% (9 yr. EUR Swap + 4.783%)^(2),(3),(4)	09/06/32	EUR 100,000		128,506

				153,872


Auto Parts & Equipment — 0.1%
IHO Verwaltungs GmbH (Germany) (7.38% Cash or 8.12% PIK)
7.38%⁽¹⁾	05/15/33	50,000		51,889


Banks — 0.5%
Citigroup, Inc.
6.63% (5 yr. CMT + 3.001%)^(3),(4)	02/15/31	210,000		210,672


Building Materials — 0.9%
Limak Cimento Sanayi ve Ticaret AS
9.75%⁽²⁾	07/25/29	260,000		261,269
Quikrete Holdings, Inc.
6.38%⁽¹⁾	03/01/32	75,000		75,953

				337,222


Chemicals — 2.0%
Alpek SAB de CV
4.25%⁽²⁾	09/18/29	209,000		196,617
Orbia Advance Corp. SAB de CV
5.88%⁽²⁾	09/17/44	253,000		203,665
SCIH Salt Holdings, Inc.
6.63%^(1),(5)	08/15/31	96,000		95,961
8.00%^(1),(5)	08/15/32	193,000		192,089
WR Grace Holdings LLC
7.00%⁽¹⁾	08/01/33	98,000		94,085

				782,417


Coal — 0.7%
Indika Energy Tbk. PT
8.75%⁽²⁾	05/07/29	270,000		274,903


Commercial Services — 2.3%
ADT Security Corp.
5.88%⁽¹⁾	10/15/33	60,000		58,393
Albion Financing 1 Sarl/Aggreko Holdings, Inc. (Luxemburg)
7.00%⁽¹⁾	05/21/30	190,000		193,720
Carriage Services, Inc.
4.25%⁽¹⁾	05/15/29	35,000		33,212
EquipmentShare.com, Inc.
7.13%⁽¹⁾	07/01/34	138,000		132,016
Kaspi.KZ JSC
5.90%⁽¹⁾	04/28/31	200,000		198,450
Raven Acquisition Holdings LLC
6.88%⁽¹⁾	11/15/31	100,000		97,388
Upbound Group, Inc.
6.38%⁽¹⁾	02/15/29	60,000		59,703
Valvoline, Inc.
3.63%⁽¹⁾	06/15/31	65,000		59,318
VT Topco, Inc.
8.50%⁽¹⁾	08/15/30	65,000		66,465

				898,665


Computers — 0.3%
McAfee Corp.
7.38%⁽¹⁾	02/15/30	47,000		39,862
NCR Voyix Corp.
5.13%⁽¹⁾	04/15/29	60,000		58,347

				98,209


Cosmetics/Personal Care — 0.3%
Edgewell Personal Care Co.
4.13%⁽¹⁾	04/01/29	62,000		59,737


Issues	Maturity Date	Principal Amount	Value
Perrigo Finance Unlimited Co.
6.13%	09/30/32	$ 75,000	$	71,292

				131,029


Distribution & Wholesale — 0.3%
Core & Main LP
6.00%⁽¹⁾	07/01/34	97,000		96,522


Diversified Financial Services — 1.0%
First Eagle Holdings, Inc.
7.25%⁽¹⁾	08/15/32	138,000		139,739
Jane Street Group/JSG Finance, Inc.
6.13%⁽¹⁾	11/01/32	125,000		124,479
7.13%⁽¹⁾	04/30/31	119,000		122,912

				387,130


Electric — 6.0%
Alliant Energy Corp.
5.75% (5 yr. CMT + 2.077%)⁽⁴⁾	04/01/56	256,000		251,233
Alpha Generation LLC
6.25%⁽¹⁾	01/15/34	59,000		57,737
American Electric Power Co., Inc.
6.05% (5 yr. CMT + 1.940%)⁽⁴⁾	03/15/56	135,000		132,424
Aydem Yenilenebilir Enerji AS
9.88%⁽²⁾	09/30/30	200,000		197,826
CenterPoint Energy, Inc.
5.95% (5 yr. CMT + 2.223%)⁽⁴⁾	04/01/56	253,000		250,695
Dominion Energy, Inc.
6.20% (5 yr. CMT + 2.006%)⁽⁴⁾	02/15/56	175,000		172,634
EnfraGen Energia Sur SAU/EnfraGen Chile SpA/EnfraGen Spain SAU
8.50%⁽¹⁾	06/30/32	200,000		208,094
Entergy Corp.
5.88% (5 yr. CMT + 2.179%)⁽⁴⁾	06/15/56	75,000		74,209
Eskom Holdings
8.45%⁽²⁾	08/10/28	200,000		210,338
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple (Mexico)
7.25%⁽¹⁾	01/31/41	193,548		192,567
Generadora de Gatun SA
6.87%⁽¹⁾	09/30/44	200,000		200,454
Termocandelaria Power SA (Colombia)
7.75%⁽¹⁾	09/17/31	263,000		270,901
Vistra Operations Co. LLC
6.88%⁽¹⁾	04/15/32	95,000		98,172

				2,317,284


Electrical Components & Equipment — 0.2%
Energizer Holdings, Inc.
6.00%⁽¹⁾	09/15/33	62,000		58,953


Engineering & Construction — 0.5%
IRB Infrastructure Developers Ltd. (India)
7.11%⁽¹⁾	03/11/32	200,000		202,230


Entertainment — 1.5%
Banijay Entertainment SAS (France)
8.13%⁽¹⁾	05/01/29	72,000		74,156
Brightstar Lottery PLC/Brightstar Global Solutions Corp. (United Kingdom)
5.75%⁽¹⁾	01/15/33	60,000		57,901
Caesars Entertainment, Inc.
6.00%⁽¹⁾	10/15/32	64,000		56,269
6.50%⁽¹⁾	02/15/32	75,000		71,837
Great Canadian Gaming Corp./Raptor LLC (Canada)
8.75%⁽¹⁾	11/15/29	72,000		72,729
Light & Wonder International, Inc.
6.25%⁽¹⁾	10/01/33	60,000		59,011

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Pioneer Opco LLC
7.00%⁽¹⁾	05/15/33	$ 100,000	$	101,239
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
6.25%⁽¹⁾	03/15/33	75,000		74,413

				567,555


Environmental Control — 0.5%
Luna 1.5 SARL (Luxemburg)
12.00%⁽¹⁾	07/01/32	69,143		74,196
Waste Pro USA, Inc.
7.00%⁽¹⁾	02/01/33	125,000		127,299

				201,495


Food — 0.4%
Post Holdings, Inc.
6.38%⁽¹⁾	03/01/33	174,000		171,536


Gas — 0.6%
AmeriGas Partners LP/AmeriGas Finance Corp.
9.50%⁽¹⁾	06/01/30	90,000		96,527
NiSource, Inc.
5.75% (5 yr. CMT + 2.035%)⁽⁴⁾	07/15/56	155,000		152,793

				249,320


Health Care-Products — 0.2%
Teleflex, Inc.
5.88%⁽¹⁾	01/15/32	80,000		79,526


Health Care-Services — 0.7%
Kedrion SpA (Italy)
6.50%⁽¹⁾	09/01/29	180,000		177,987
ModivCare, Inc.
0.00%^{(1),(6),(7),(8)}	10/01/29	258,300		3,874
Star Parent, Inc.
9.00%⁽¹⁾	10/01/30	32,000		33,670
Surgery Center Holdings, Inc.
7.25%⁽¹⁾	04/15/32	73,000		73,261

				288,792


Household Products/Wares — 0.3%
Spectrum Brands, Inc.
3.88%⁽¹⁾	03/15/31	142,000		125,235


Housewares — 0.3%
Newell Brands, Inc.
7.38%	04/01/36	125,000		126,247


Insurance — 2.0%
Acrisure LLC/Acrisure Finance, Inc.
7.50%⁽¹⁾	11/06/30	162,000		156,897
8.25%⁽¹⁾	02/01/29	72,000		69,080
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
7.00%⁽¹⁾	01/15/31	126,000		128,064
7.38%⁽¹⁾	10/01/32	113,000		113,900
Ardonagh Finco Ltd. (United Kingdom)
7.75%⁽¹⁾	02/15/31	135,000		137,132
Asurion LLC/Asurion Co-Issuer, Inc.
8.38%⁽¹⁾	02/01/34	40,000		36,500
Farmers Exchange Capital II
6.15% (3 mo. USD Term SOFR + 4.006%)^(1),(4)	11/01/53	120,000		117,671

				759,244


Issues	Maturity Date	Principal Amount	Value

Internet — 2.3%
Arches Buyer, Inc.
9.00%⁽¹⁾	08/15/31	$ 290,000	$	291,601
Beignet Investor LLC
6.58%⁽¹⁾	05/30/49	100,000		96,778
Cerved Group SpA (Italy)
7.65% (3 mo. EURIBOR + 5.250%)^(2),(4)	02/15/29	EUR 100,000		78,641
Getty Images, Inc.
11.25%⁽¹⁾	02/21/30	155,000		121,356
Snap, Inc.
6.88%⁽¹⁾	03/15/34	200,000		194,234
Sopaipilla Investor LLC
7.53%⁽¹⁾	11/30/48	95,000		98,598

				881,208


Investment Companies — 0.3%
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
10.00%⁽¹⁾	11/15/29	98,000		98,249


Iron & Steel — 1.5%
CSN Resources SA
8.88%⁽¹⁾	12/05/30	255,000		181,226
Samarco Mineracao SA (4.00% Cash or 5.00% PIK) due 12/31/26
9.50%⁽¹⁾	06/30/31	394,906		397,844

				579,070


Leisure Time — 0.5%
Gaia Purchaser, Inc.
7.63%⁽¹⁾	07/15/33	126,000		126,534
Sabre Financial Borrower LLC
11.13%⁽¹⁾	06/15/29	60,000		63,197

				189,731


Lodging — 0.3%
Wyndham Hotels & Resorts, Inc.
5.63%⁽¹⁾	03/01/33	100,000		97,355


Machinery-Diversified — 0.3%
Columbus McKinnon Corp.
7.13%⁽¹⁾	02/01/33	60,000		60,559
Lsf12 Helix Parent LLC
7.13%⁽¹⁾	02/01/33	60,000		58,993

				119,552


Media — 4.0%
CCO Holdings LLC/CCO Holdings Capital Corp.
7.38%⁽¹⁾	02/01/36	275,000		262,158
Charter Communications Operating LLC/Charter Communications Operating Capital
3.90%	06/01/52	55,000		32,878
CSC Holdings LLC
11.75%⁽¹⁾	01/31/29	110,000		63,128
DirecTv Financing LLC
8.88%⁽¹⁾	02/01/30	58,000		59,169
Discovery Global Holdings, Inc.
5.05%	03/15/42	190,000		132,909
EchoStar Corp.
10.75%	11/30/29	85,000		91,990
Grupo Televisa SAB (Mexico)
8.50%	03/11/32	168,000		179,644
Midcontinent Communications
8.00%⁽¹⁾	08/15/32	183,000		155,590
Sinclair Television Group, Inc.
4.38%⁽¹⁾	12/31/32	100,000		75,841
Univision Communications, Inc.
8.88%⁽¹⁾	04/15/33	95,000		92,150
Virgin Media O2 Vendor Financing Notes VI DAC (Ireland)
8.50%⁽¹⁾	03/15/33	128,000		82,400
VZ Secured Financing BV (Netherlands)
5.00%⁽¹⁾	01/15/32	226,000		185,551

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
7.50%⁽¹⁾	01/15/33	$ 150,000	$	134,862

				1,548,270


Mining — 0.2%
Compass Minerals International, Inc.
8.00%⁽¹⁾	07/01/30	56,000		58,487


Oil & Gas — 1.8%
Ecopetrol SA (Colombia)
5.88%	11/02/51	530,000		409,960
Gran Tierra Energy, Inc.
9.75%⁽¹⁾	04/15/31	283,000		254,505

				664,465



Oil & Gas Services — 1.6%
Archrock Services LP/Archrock Partners Finance Corp.
6.00%⁽¹⁾	02/01/34	59,000		57,803
Kodiak Gas Services LLC
6.75%⁽¹⁾	10/01/35	56,000		56,475
USA Compression Partners LP/USA Compression Finance Corp.
6.25%⁽¹⁾	10/01/33	125,000		123,180
WBI Operating LLC
6.50%⁽¹⁾	10/15/33	70,000		69,887
Yinson Boronia Production BV (Brazil)
8.95%⁽¹⁾	07/31/42	288,036		317,433

				624,778


Packaging & Containers — 0.2%
Graphic Packaging International LLC
6.38%⁽¹⁾	07/15/32	95,000		94,988


Pharmaceuticals — 0.5%
1261229 BC Ltd.
10.00%⁽¹⁾	04/15/32	125,000		127,839
CVS Health Corp.
6.75% (5 yr. CMT + 2.516%)⁽⁴⁾	12/10/54	75,000		77,175

				205,014


Pipelines — 1.5%
Global Partners LP/GLP Finance Corp.
7.13%⁽¹⁾	07/01/33	100,000		101,524
ITT Holdings LLC
6.50%⁽¹⁾	08/01/29	140,000		138,555
QazaqGaz NC JSC
5.63%⁽¹⁾	05/08/36	200,000		193,718
Venture Global LNG, Inc.
6.63%⁽¹⁾	06/15/36	100,000		98,115
9.00% (5 yr. CMT + 5.440%)^(1),(3),(4)	09/30/29	39,000		38,785

				570,697


REIT — 0.7%
Hudson Pacific Properties LP
3.95%	11/01/27	199,000		194,238
Iron Mountain, Inc. (REIT)
5.63%⁽¹⁾	07/15/32	76,000		74,476

				268,714


Real Estate — 0.5%
Port of Spain Waterfront Development
7.88%⁽¹⁾	02/19/40	192,267		199,086


Retail — 3.5%
Academy Ltd.
5.88%⁽¹⁾	05/15/31	60,000		59,444
BCPE Flavor Debt Merger Sub LLC & BCPE Flavor Issuer, Inc.
9.50%⁽¹⁾	07/01/32	175,000		170,525
Ferrellgas LP/Ferrellgas Finance Corp.
9.25%⁽¹⁾	01/15/31	186,000		195,627
FirstCash, Inc.
6.13%⁽¹⁾	05/01/34	59,000		58,172
LCM Investments Holdings II LLC
8.25%⁽¹⁾	08/01/31	117,000		122,088


Issues	Maturity Date	Principal Amount	Value
Lithia Motors, Inc.
5.50%⁽¹⁾	10/01/30	$ 139,000	$	137,488
Men’s Wearhouse LLC
9.00%⁽¹⁾	02/01/31	60,000		63,991
Michaels Cos., Inc.
8.50%⁽¹⁾	03/15/33	120,000		119,047
11.00%⁽¹⁾	03/15/34	20,000		19,585
Papa John’s International, Inc.
3.88%⁽¹⁾	09/15/29	146,000		137,658
QXO Building Products, Inc.
6.88%⁽¹⁾	07/15/34	140,000		140,392
Suburban Propane Partners LP/Suburban Energy Finance Corp.
6.50%⁽¹⁾	12/15/35	120,000		115,652

				1,339,669


Software — 1.8%
AthenaHealth Group, Inc.
7.50%⁽¹⁾	02/15/32	135,000		138,596
Cloud Software Group LLC
8.25%⁽¹⁾	06/30/32	61,000		57,801
Open Text Holdings, Inc. (Canada)
4.13%⁽¹⁾	12/01/31	68,000		60,044
Oracle Corp.
5.70%	02/04/36	100,000		92,686
Salesforce, Inc.
5.55%	03/15/36	137,000		133,590
SS&C Technologies, Inc.
6.50%⁽¹⁾	06/01/32	135,000		136,323
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.
3.88%⁽¹⁾	02/01/29	81,000		67,550

				686,590


Telecommunications — 2.9%
Global Switch Finance BV (United Kingdom)
1.38%⁽²⁾	10/07/30	EUR 100,000		105,660
Road Michigan Property Owner I LLC
7.50%⁽¹⁾	03/30/45	100,000		96,708
Stingray Compute LLC
6.00%⁽¹⁾	06/15/31	59,000		57,700
Telecom Argentina SA (Argentina)
9.50%⁽¹⁾	07/18/31	251,000		272,184
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC
8.63%⁽¹⁾	06/15/32	56,000		57,217
Vmed O2 U.K. Financing I PLC (United Kingdom)
7.75%⁽¹⁾	04/15/32	63,000		53,040
Windstream Services LLC/Windstream Escrow Finance Corp.
8.25%⁽¹⁾	10/01/31	125,000		130,049
Yondr JK 1 LLC
6.88%⁽¹⁾	06/30/31	315,000		300,289
Zayo Group Holdings, Inc. (5.75% Cash or 0.50% PIK) due 3/29/27
9.25%⁽¹⁾	03/09/30	47,212		47,245

				1,120,092


Water — 0.7%
Aegea Finance SARL
7.63%⁽¹⁾	01/20/36	300,000		257,361

Total Corporate Bonds (Cost: $18,599,490)				18,215,247

FOREIGN GOVERNMENT BONDS — 16.8%
Abu Dhabi Government International Bonds
5.00%⁽¹⁾	04/30/34	300,000		298,593
5.50%⁽¹⁾	04/30/54	425,000		395,943
Angola Government International Bonds
8.75%⁽²⁾	04/14/32	370,000		378,547
Argentina Republic Government International Bonds
4.13%	07/09/35	266,529		210,803

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Brazil Government International Bonds
7.13%	05/13/54	$ 300,000	$	288,105
CBB International Sukuk Programme Co. WLL
5.88%⁽¹⁾	06/05/32	159,000		150,904
5.88%⁽²⁾	06/05/32	214,000		203,103
DRC International Bonds
8.75%⁽¹⁾	04/16/32	200,000		206,694
Dominican Republic International Bonds
5.88%⁽²⁾	01/30/60	305,000		258,744
Ecuador Government International Bonds
6.90%⁽²⁾	07/31/35	239,849		216,723
Egypt Government International Bonds
7.30%⁽²⁾	09/30/33	275,000		270,198
7.30%⁽¹⁾	09/30/33	78,000		76,638
El Salvador Government International Bonds
9.50%⁽²⁾	07/15/52	161,000		181,096
Gabon Government International Bonds
6.63%⁽¹⁾	02/06/31	173,000		153,297
Ghana Government International Bonds
5.00%⁽¹⁾	07/03/35	153,000		140,581
Hungary Government International Bonds
5.50%⁽²⁾	03/26/36	200,000		196,078
Hungary Government International Bonds
6.75%⁽²⁾	09/23/55	200,000		206,744
Indonesia Government International Bonds
1.85%	03/12/31	292,000		253,634
Ivory Coast Government International Bonds
6.13%⁽¹⁾	06/15/33	288,000		279,832
8.08%⁽¹⁾	04/01/36	172,000		183,754
Nigeria Government International Bonds
7.70%⁽¹⁾	02/23/38	321,000		327,901
Pakistan Government International Bonds
8.88%⁽¹⁾	04/08/51	82,000		81,039
Provincia de Buenos Aires/Government Bonds (Argentina)
6.63%⁽²⁾	09/01/37	168,097		139,798
Romania Government International Bonds
6.38%⁽²⁾	01/30/34	432,000		432,899
7.63%⁽²⁾	01/17/53	186,000		197,126
Saudi Government International Bonds
5.00%⁽²⁾	01/18/53	390,000		318,646
5.00%⁽¹⁾	01/18/53	92,000		75,168
Senegal Government International Bonds
6.25%⁽¹⁾	05/23/33	221,000		116,410
Ukraine Government International Bonds
3.00%⁽²⁾	02/01/36	427,546		257,122

Total Foreign Government Bonds (Cost: $6,329,843)				6,496,120

ASSET-BACKED SECURITIES — 1.9%
Bear Mountain Park CLO Ltd. Series 2022-1A, Class BR
5.50% (3 mo. USD Term SOFR + 1.750%)^(1),(4)	07/15/37	225,000		225,313
OHA Credit Funding 1 Ltd. Series 2018-1A, Class B1R
5.73% (3 mo. USD Term SOFR + 2.000%)^(1),(4)	04/20/37	250,000		250,012
Sixth Street CLO VIII Ltd. Series 2017-8A, Class A1R2
4.88% (3 mo. USD Term SOFR + 1.150%)^(1),(4)	10/20/34	250,000		250,176

Total Asset-Backed Securities (Cost: $746,182)				725,501

BANK LOANS — 30.7%

Advertising — 0.3%
Research Now Group, Inc. 2024 First Lien First Out Term Loan
8.90% (3 mo. USD Term SOFR + 5.000%)⁽⁴⁾	07/15/28	124,682		118,551


Issues	Maturity Date	Principal Amount	Value

Aerospace & Defense — 1.5%
Air Comm Corp. LLC 2026 Term Loan
6.20% (3 mo. USD Term SOFR + 2.500%)⁽⁴⁾	12/11/31	$ 238,707	$	239,081
HDI Aerospace Intermediate Holding III Corp. Term Loan B
7.12% (6 mo. USD Term SOFR + 3.250%)⁽⁴⁾	02/11/32	99,747		100,080
TransDigm, Inc. 2025 Term Loan M
6.23% (1 mo. USD Term SOFR + 2.500%)⁽⁴⁾	08/19/32	248,125		248,751

				587,912


Airlines — 0.6%
Air Canada 2024 Term Loan B
5.57% (3 mo. USD Term SOFR + 1.750%)⁽⁴⁾	03/21/31	245,606		245,568


Beverages — 0.5%
Arterra Wines Canada, Inc. 2020 Term Loan
7.49% (3 mo. USD Term SOFR + 3.500%)⁽⁴⁾	11/24/27	99,473		99,473
Primo Brands Corp. 2026 Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽⁴⁾	03/31/31	99,750		100,273

				199,746


Biotechnology — 0.5%
BioMarin Pharmaceutical, Inc. Term Loan B
5.43% (6 mo. USD Term SOFR + 1.750%)⁽⁴⁾	04/27/33	100,000		100,019
Genmab AS 2026 Term Loan B
5.73% (3 mo. USD Term SOFR + 2.000%)⁽⁴⁾	12/13/32	95,000		95,038

				195,057


Chemicals — 0.3%
BASF Coatings USD Term Loan B
7.24% (3 mo. USD Term SOFR + 3.500%)	06/29/33	100,000		100,563


Commercial Services — 2.9%
Amspec Parent LLC 2026 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽⁴⁾	12/22/31	199,246		200,242
ASP Dream Acquisition Co. LLC Term Loan B
8.08% (1 mo. USD Term SOFR + 4.250%)⁽⁴⁾	12/15/28	246,144		230,658
Crisis Prevention Institute, Inc. 2024 Term Loan B
0.00%	04/09/31	175,000		173,524
Fugue Finance BV 2026 USD Term Loan B
5.92% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	01/09/32	166,572		166,505

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Jupiter Buyer, Inc. 2024 Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽⁴⁾	11/03/31	$ 121,592	$	122,549
Nuvei Corp. 2025 Repriced Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽⁴⁾	11/17/31	99,497		97,228
Trans Union LLC 2024 Term Loan B9
5.48% (1 mo. USD Term SOFR + 1.750%)⁽⁴⁾	06/24/31	123,125		122,919

				1,113,625


Computers — 0.7%
Surf Holdings LLC 2025 Incremental Term Loan
7.35% (1 mo. USD Term SOFR + 3.500%)⁽⁴⁾	03/05/27	246,076		233,553
Tempo Acquisition LLC 2025 Repriced Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽⁴⁾	08/31/28	49,747		42,798

				276,351


Cosmetics/Personal Care — 0.3%
Opal Bidco SAS 2026 USD Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽⁴⁾	04/28/32	124,064		124,429


Distribution & Wholesale — 0.9%
BCPE Empire Holdings, Inc. 2026 10th Amendment Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽⁴⁾	12/29/32	149,625		148,176
Gloves Buyer, Inc. 2026 Term Loan B
7.48% (3 mo. USD Term SOFR + 3.750%)⁽⁴⁾	05/21/32	99,500		99,769
Veritiv Corp. Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽⁴⁾	12/02/30	99,746		94,946

				342,891


Diversified Financial Services — 2.2%
Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6
5.42% (1 mo. USD Term SOFR + 1.750%)⁽⁴⁾	06/24/30	344,750		345,586
Blackhawk Network Holdings, Inc. 2026 Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽⁴⁾	03/12/29	171,952		171,589
GC Ferry Acquisition I, Inc. Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)^(4),(9)	08/16/32	106,237		106,400
Guggenheim Partners LLC 2024 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽⁴⁾	11/26/31	246,250		241,633

				865,208


Issues	Maturity Date	Principal Amount	Value

Electric — 0.8%
South Field LLC 2025 1st Lien Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽⁴⁾	08/29/31	$ 273,012	$	274,547
South Field LLC 2025 1st Lien Term Loan C
6.73% (3 mo. USD Term SOFR + 3.000%)⁽⁴⁾	08/29/31	17,896		17,997

				292,544


Electrical Components & Equipment — 0.6%
Pelican Products, Inc. 2021 Term Loan
8.24% (3 mo. USD Term SOFR + 4.250%)⁽⁴⁾	12/29/28	248,052		240,050


Electronics — 0.4%
TCP Sunbelt Acquisition Co. 2024 Term Loan B
7.92% (3 mo. USD Term SOFR + 4.250%)⁽⁴⁾	10/24/31	144,750		144,750


Engineering & Construction — 1.5%
DG Investment Intermediate Holdings 2, Inc. 2025 Term Loan
0.00% (1 mo. USD Term SOFR + 3.250%)⁽⁹⁾	07/09/32	200,000		200,625
Holding Socotec SAS 2026 USD Term Loan B
6.37% (3 mo. USD Term SOFR + 2.750%)⁽⁴⁾	06/02/31	122,513		122,934
ITG Communications LLC Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽⁴⁾	07/09/31	64,456		64,509
Trilon Group LLC 2026 Delayed Draw Term Loan
0.00%	06/13/33	5,943		5,947
Trilon Group LLC 2026 Term Loan
9.25% (3 mo. USD Term SOFR + 2.500%)⁽⁴⁾	06/13/33	183,673		183,788

				577,803


Entertainment — 1.0%
City Football Group Ltd. 2024 Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽⁴⁾	07/22/30	99,492		99,480
Great Canadian Gaming Corp. 2024 Term Loan B
8.43% (3 mo. USD Term SOFR + 4.750%)⁽⁴⁾	11/01/29	125,000		123,984
TKO Worldwide Holdings LLC 2026 Term Loan B
5.41% (3 mo. USD Term SOFR + 1.750%)⁽⁴⁾	11/21/31	149,249		149,165

				372,629


Environmental Control — 0.3%
Heritage Environmental Services, Inc. 2026 Term Loan B
6.82% (3 mo. USD Term SOFR + 3.000%)⁽⁴⁾	04/01/33	100,000		100,625

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Food — 1.9%
1440 Food Topco LLC Term Loan B
8.73% (1 mo. USD Term SOFR + 5.000%)⁽⁴⁾	10/31/31	$ 123,115	$	90,965
B&G Foods, Inc. 2024 Term Loan B
0.00%⁽⁹⁾	10/10/29	99,746		98,728
BCPE North Star U.S. HoldCo 2, Inc. Term Loan
7.85% (1 mo. USD Term SOFR + 4.000%)⁽⁴⁾	06/09/28	147,295		147,793
C&S Wholesale Grocers, Inc. Term Loan B
0.00%⁽⁹⁾	09/20/30	125,000		118,438
United Natural Foods, Inc. 2026 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽⁴⁾	05/01/31	186,277		188,315
Upfield BV 2026 USD Term Loan B15
8.12% (6 mo. USD Term SOFR + 4.250%)⁽⁴⁾	10/31/30	99,706		96,928

				741,167


Health Care-Products — 1.5%
Hologic, Inc. 2026 USD Term Loan B
5.99% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	04/07/33	250,000		246,155
Mckesson Medical-Surgical Top Holdings, Inc. Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	06/09/32	100,000		100,219
Medline Borrower LP 2026 Term Loan B
5.23% (1 mo. USD Term SOFR + 1.500%)⁽⁴⁾	05/30/33	249,375		248,737

				595,111


Health Care-Services — 1.9%
ADMI Corp. 2021 Term Loan B2
7.22% (1 mo. USD Term SOFR + 3.375%)⁽⁴⁾	12/23/27	124,671		116,596
Charlotte Buyer, Inc. 2026 Term Loan B
8.15% (1 mo. USD Term SOFR + 4.500%)⁽⁴⁾	06/30/31	99,747		99,994
Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B
8.07% (3 mo. USD Term SOFR + 4.250%)⁽⁴⁾	03/30/29	99,740		92,634
Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B
9.32% (3 mo. USD Term SOFR + 5.500%)⁽⁴⁾	03/30/29	121,555		115,781
Heartland Dental LLC 2025 Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽⁴⁾	08/25/32	247,500		248,140


Issues	Maturity Date	Principal Amount	Value
ModivCare Buyer LLC Takeback Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽⁴⁾	12/30/32	$ 76,391	$	65,187

				738,332


Household Products/Wares — 0.3%
Lavender Dutch BorrowerCo BV USD Term Loan
6.98% (3 mo. USD Term SOFR + 3.250%)⁽⁴⁾	12/30/32	99,500		99,537


Internet — 1.3%
Arches Buyer, Inc. 2021 Term Loan B
7.08% (1 mo. USD Term SOFR + 3.250%)⁽⁴⁾	12/06/27	48,188		48,218
Delivery Hero SE 2024 USD Term Loan B
8.64% (3 mo. USD Term SOFR + 5.000%)⁽⁴⁾	12/12/29	343,844		348,357
PUG LLC 2024 Extended Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽⁴⁾	03/15/30	87,095		87,334

				483,909


Investment Companies — 0.3%
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 100mm
0.00%⁽⁹⁾	07/14/33	9,390		9,390
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 200mm
0.00% ⁽⁹⁾	07/14/33	18,779		18,779
Emerald Expositions Holding, Inc. 2026 Term Loan
0.00%⁽⁹⁾	07/14/33	71,831		71,831

				100,000


Machinery-Construction & Mining — 0.6%
WEC U.S. Holdings Ltd. 2024 Term Loan
5.65% (1 mo. USD Term SOFR + 2.000%)⁽⁴⁾	01/27/31	245,614		245,608


Machinery-Diversified — 0.4%
LSF12 Helix Parent LLC USD Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽⁴⁾	02/10/33	150,000		148,579


Media — 0.6%
Charter Communications Operating LLC 2024 Term Loan B5
5.98% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	12/15/31	247,809		238,964


Miscellaneous Manufacturers — 0.6%
Cleanova U.S. Holdings LLC 2025 Term Loan B
8.41% (3 mo. USD Term SOFR + 4.750%)⁽⁴⁾	06/14/32	248,125		247,195

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Office/Business Equipment — 0.6%
Xerox Holdings Corp. 2023 Non-CoOp Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽⁴⁾	11/19/29	$ 280,909	$	228,004


Packaging & Containers — 0.2%
Sword Purchaser LLC USD Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽⁴⁾	04/11/33	100,000		96,590


Pipelines — 0.5%
Colossus Acquireco LLC 2026 Term Loan B
5.37% (3 mo. USD Term SOFR + 1.750%)⁽⁴⁾	01/31/33	100,000		99,743
Freeport LNG Investments LLLP 2026 Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽⁴⁾	02/11/33	99,750		100,257

				200,000


Retail — 1.3%
Peer Holding III BV 2025 USD Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	10/14/32	249,375		249,780
Thermostat Purchaser III, Inc. 2024 Term Loan B
7.98% (3 mo. USD Term SOFR + 4.250%)⁽⁴⁾	08/31/28	247,475		243,392

				493,172


Software — 2.6%
Cast & Crew Payroll LLC 2021 Incremental Term Loan
7.57% (3 mo. USD Term SOFR + 3.750%)⁽⁴⁾	12/29/28	222,489		78,798
Cloudera, Inc. 2021 Term Loan
7.58% (1 mo. USD Term SOFR + 3.750%)⁽⁴⁾	10/08/28	74,546		66,206
Cotiviti Corp. 2025 2nd Amendment Term Loan
6.40% (1 mo. USD Term SOFR + 2.750%)⁽⁴⁾	03/26/32	249,370		233,585
Electronic Arts, Inc. Term Loan B
0.00%⁽⁹⁾	03/24/33	100,000		100,732
Planview Parent, Inc. 2024 1st Lien Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽⁴⁾	12/17/27	99,494		85,920
Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽⁴⁾	10/26/30	246,859		193,661
Quartz Acquireco LLC 2025 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽⁴⁾	06/28/30	74,553		63,183


Issues	Maturity Date	Principal Amount	Value
Renaissance Holding Corp. 2024 1st Lien Term Loan
7.73% (1 mo. USD Term SOFR + 4.000%)⁽⁴⁾	04/05/30	$ 245,592	$	190,504

				1,012,589


Telecommunications — 0.5%
GOGO Intermediate Holdings LLC Term Loan B
7.60% (1 mo. USD Term SOFR + 3.750%)⁽⁴⁾	04/30/28	100,000		90,984
Zayo Group Holdings, Inc. 2025 USD Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽⁴⁾	03/11/30	100,128		100,373

				191,357


Transportation — 0.3%
Kenan Advantage Group, Inc. 2024 Term Loan B4
6.98% (1 mo. USD Term SOFR + 3.250%)⁽⁴⁾	01/25/29	124,682		125,072

Total Bank Loans (Cost: $12,159,080)				11,883,488

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Municipal Bonds — 0.8% (Cost: $312,344)
Istanbul Metropolitan Municipality
10.50%⁽¹⁾	12/06/28	$296,000	$	317,386


Total Fixed Income Securities (Cost: $38,146,939)				37,637,742


Issues	Shares		Value
COMMON STOCK — 0.2%

Beverages — 0.1%
Luxco Co. Ltd.⁽¹⁰⁾		1,312		25,815

Health Care-Services — 0.1%
ModivCare, Inc.⁽¹⁰⁾		5,853		33,473

Total Common Stock (Cost: $61,287)				59,288


MONEY MARKET INVESTMENTS — 3.6%
State Street Institutional U.S. Government Money Market Fund — Premier Class, 3.62%⁽¹¹⁾		125,730		125,730
TCW Central Cash Fund, 3.74%^(11),(12)		1,260,000		1,260,000

Total Money Market Investments (Cost: $1,385,730)				1,385,730

Total Investments (101.1%) (Cost: $39,593,956)				39,082,760

Net unrealized depreciation on unfunded commitments(13) (0.0%) (Cost: $ —)				29
Liabilities In Excess Of Other Assets (-1.1%)				(427,956	)
Net Assets (100.0%)			$	38,654,833

TCW Multisector Credit Income ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FORWARD CURRENCY EXCHANGE CONTRACTS ((1.0)% )

Counterparty

Contracts to
Deliver

Units of

Currency

Settlement
Date

In Exchange for
USD

Contracts at Value

Unrealized
Appreciation
(Depreciation)

SELL (14)

Citibank N.A.

EUR

322,454

09/11/26

368,303

372,398

(4,095

)

368,303

372,398

(4,095

)

FUTURES CONTRACTS


Number of Contracts	Type	Expiration Date	Notional		Market Value		Net Unrealized Appreciation (Depreciation)

Short Futures
6	10-Year U.S. Treasury Note Futures	09/21/26		(663,446)		(658,219)		5,227
1	2-Year U.S. Treasury Note Futures	09/30/26		(206,100)		(205,609)		491
7	5-Year U.S. Treasury Note Futures	09/30/26		(746,152)		(741,836)		4,316
3	Euro-Bobl Futures	09/08/26		(396,380)		(393,824)		2,556
1	U.S. Ultra Long Bond Futures	09/21/26		(111,084)		(109,688)		1,396
			$	(2,123,162)	$	(2,109,176)	$	13,986

Notes to the Schedule of Investments:

ABS	Asset-Backed Securities.

CLO	Collateralized Loan Obligation.

CMT	Constant Maturity Treasury Index.

EURIBOR

Euro Interbank Offered Rate.

PAC	Planned Amortization Class.

PIK	Payment In Kind.

REIT	Real Estate Investment Trust.

SOFR	Secured Overnight Financing Rate.

EUR	Euro Currency.

(1)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $17,300,194 or 44.8% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.

(2)	Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $4,914,249 or 12.7% of net assets.

(3)	Perpetual maturity.

(4)	Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.

(5)	This security is purchased on a when-issued, delayed-delivery or forward commitment basis.

(6)	Security is not accruing interest.

(7)	Restricted security (Note 7).

(8)	Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued.

(9)	This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.

(10)	Non-income producing security.

(11)	Rate disclosed is the 7-day net yield as of July 31, 2026.

(12)	Affiliated issuer.

(13)	Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.

(14)	Fund sells foreign currency, buys USD.

TCW Multisector Credit Income ETF


Fair Valuation Summary (Unaudited)		July 31, 2026

The following is a summary of the fair valuations according to the inputs used as of July 31, 2026 in valuing the Fund’s investments:


Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Fixed Income Securities
Corporate Bonds	$	—	$	18,215,247		$	—	$	18,215,247
Bank Loans		—		11,883,488			—		11,883,488
Foreign Government Bonds		—		6,496,120			—		6,496,120
Asset-Backed Securities		—		725,501			—		725,501
Municipal Bonds		—		317,386			—		317,386
Total Fixed Income Securities		—		37,637,742			—		37,637,742
Equity Securities
Money Market Investments		1,385,730		—			—		1,385,730
Common Stock		—		59,288			—		59,288
Total Equity Securities		1,385,730		59,288			—		1,445,018
Net Unrealized Appreciation (Depreciation) on Unfunded Commitments	$	—	$	29		$	—	$	29
Total Investments	$	1,385,730	$	37,697,059		$	—	$	39,082,789
Asset Derivatives
Futures Contracts
Interest Rate Risk		13,986		—			—		13,986
Total	$	1,399,716	$	37,697,059		$	—	$	39,096,775

Liability Derivatives
Forward Currency Contracts
Foreign Currency Risk	$	—	$	(4,095	)	$	—	$	(4,095	)
Total	$	—	$	(4,095	)	$	—	$	(4,095	)

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
FIXED INCOME SECURITIES — 92.6% of Net Assets
BANK LOANS — 85.2%

Advertising — 0.9%
Advantage Sales & Marketing, Inc. 2026 First Out Term Loan
9.75% (3 mo. USD Term SOFR + 6.000%)⁽¹⁾	04/19/30	$ 771,931	$	683,318
Research Now Group, Inc. 2024 First Lien First Out Term Loan
8.90% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	07/15/28	1,351,644		1,285,183

				1,968,501


Aerospace & Defense — 1.1%
Air Comm Corp. LLC 2026 Term Loan
6.20% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/11/31	336,139		336,665
HDI Aerospace Intermediate Holding III Corp. Term Loan B
7.12% (6 mo. USD Term SOFR + 3.250%)⁽¹⁾	02/11/32	1,221,907		1,225,975
PMI U.S. Bidco, Inc Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/16/33	898,398		905,136

				2,467,776


Agriculture — 0.3%
Alltech, Inc. 2025 Term Loan
8.10% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾	08/13/30	542,734		545,787


Airlines — 0.2%
United Airlines, Inc. 2026 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	02/22/31	388,025		387,734


Apparel — 0.9%
ABG Intermediate Holdings 2 LLC 2024 1st Lien Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	12/21/28	1,166,789		1,169,992
WH Borrower LLC 2025 Term Loan B
8.14% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	02/20/32	734,399		738,489
WH Borrower LLC 2026 Add-On Term Loan B
0.00%⁽²⁾	02/20/32	138,000		138,748

				2,047,229


Auto Manufacturers — 0.2%
Allison Transmission, Inc. 2025 Incremental Term Loan B
0.00%⁽²⁾	01/02/33	500,000		501,457


Auto Parts & Equipment — 0.2%
Holley Purchaser, Inc. 2021 Term Loan
0.00%⁽²⁾	11/17/28	150,000		150,020
Stonepeak Motion Finco LLC Term Loan B
0.00%⁽²⁾	06/24/33	375,000		375,685

				525,705


Issues	Maturity Date	Principal Amount	Value

Beverages — 1.5%
Arterra Wines Canada, Inc. 2020 Term Loan
7.49% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	11/24/27	$ 1,380,676	$	1,380,676
Celsius Holdings, Inc. 2026 Term Loan B
5.75% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/01/32	408,613		408,954
Naked Juice LLC 2025 FLFO Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	01/24/29	662,817		675,659
Pegasus BidCo BV 2026 USD Term Loan B
6.17% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	07/12/32	833,594		836,094

				3,301,383


Biotechnology — 1.2%
BioMarin Pharmaceutical, Inc. Term Loan B
5.43% (6 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/27/33	1,197,350		1,197,577
Genmab AS 2026 Term Loan B
5.73% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	12/13/32	1,261,794		1,262,292
Genmab AS Term Loan A
5.50% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	12/12/30	246,835		246,835

				2,706,704


Chemicals — 2.2%
Archroma Finance SARL 2026 USD Term Loan B
9.25% (6 mo. USD Term SOFR + 5.500%)⁽¹⁾	06/30/30	940,000		860,218
BASF Coatings USD Term Loan B
7.24% (3 mo. USD Term SOFR + 3.500%)	06/29/33	694,031		697,935
Chemcat Acquisition LLC Term Loan B
0.00%⁽²⁾	06/30/33	750,000		742,035
Illuminate Buyer LLC 2025 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)	12/31/29	618,919		615,564
Ineos U.S. Finance LLC 2024 1st Lien Term Loan B
0.00%⁽²⁾	02/07/31	100,000		93,438
Mativ Holdings, Inc. 2026 Term Loan B
8.23% (1 mo. USD Term SOFR + 4.500%)⁽¹⁾	04/04/33	298,099		298,471
Nouryon Finance BV 2026 USD Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/08/31	775,979		777,073
SCIH Salt Holdings, Inc. 2026 Term Loan B
0.00%⁽²⁾	08/15/31	800,000		796,168

				4,880,902


Commercial Services — 7.4%
Albion Financing 3 SARL 2025 USD Term Loan
6.63% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	05/21/31	85,401		85,913

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Amspec Parent LLC 2026 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	12/22/31	$ 216,797	$	217,881
APi Group DE, Inc. 2026 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	05/16/33	1,202,687		1,206,415
ASP Dream Acquisition Co. LLC Term Loan B
8.08% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/15/28	870,864		816,074
Belron Finance 2019 LLC 2026 Repriced Term Loan B
5.66% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	10/16/31	965,838		966,345
Brightview Landscapes LLC 2026 Term Loan B
5.82% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	06/17/33	780,000		781,299
Camelot U.S. Acquisition LLC 2024 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	01/31/31	942,050		881,260
CCRR Parent, Inc. 2026 Term Loan
8.91% (3 mo. USD Term SOFR + 5.250%)⁽¹⁾	05/27/32	280,893		201,073
CHG Healthcare Services, Inc. 2026 Term Loan B
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	09/29/31	362,056		362,170
Corpay Technologies Operating Co. LLC 2025 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/05/32	141,271		141,221
Crisis Prevention Institute, Inc. 2024 Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)	04/09/31	753,777		747,419
DTI Holdco, Inc. 2025 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/26/29	930,946		879,423
Element Materials Technology Group U.S. Holdings, Inc. 2022 USD Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	07/06/29	798,136		802,458
Herc Holdings, Inc. 2026 Term Loan B
5.43% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/02/32	1,189,966		1,191,876
Inspired Finco Holdings Ltd. 2026 USD Term Loan B
6.57% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	02/28/31	154,879		154,977
ION Platform Finance U.S., Inc. USD Term Loan
7.48% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	10/07/32	748,125		594,658
Kelso Industries LLC Term Loan
9.42% (3 mo. USD Term SOFR + 5.750%)⁽¹⁾	12/30/29	1,431,504		1,406,453


Issues	Maturity Date	Principal Amount	Value
Lernen Bidco Ltd. 2025 USD Term Loan B3
7.01% (6 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/27/31	$ 237,572	$	231,632
Nuvei Corp. 2025 Repriced Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/17/31	405,005		395,767
PG Investment Co. 59 SARL 2025 Repriced Term Loan B
0.00%⁽²⁾	03/26/31	544,051		544,029
Prime Security Services Borrower LLC 2025 Incremental Term Loan B
5.41% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/07/32	695,111		689,657
Priority Holdings LLC 2025 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	08/02/32	594,747		589,359
Sabert Corp. 2026 Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/10/28	657,400		661,097
Secretariat Advisors LLC 2025 Delayed Draw Term Loan
4.00%⁽¹⁾	02/28/32	54,248		52,258
Secretariat Advisors LLC 2025 Term Loan B
0.00% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	/ /0	445,752		429,407
St. George’s University Scholastic Services 2022 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	02/10/29	806,050		801,230
TruGreen LP 2020 2nd Lien Term Loan
12.58% (3 mo. USD Term SOFR + 8.500%)⁽¹⁾	11/02/28	500,000		446,875
TTF Holdings LLC 2024 Term Loan
7.38% (6 mo. USD Term SOFR + 3.750%)⁽¹⁾	07/18/31	343,187		272,333

				16,550,559


Computers — 2.2%
Amentum Holdings, Inc. 2026 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)	09/29/31	710,717		711,250
McAfee LLC 2024 USD 1st Lien Term Loan B
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/01/29	503,881		457,184
MIS Acquisition LLC 2026 1st Out Term Loan B
8.29% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	04/22/31	500,000		462,187
NCR Atleos LLC 2025 Term Loan B
6.67% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	04/16/29	1,160,100		1,160,831
Surf Holdings LLC 2025 Incremental Term Loan
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/05/27	1,477,100		1,401,930

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Tempo Acquisition LLC 2025 Repriced Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	08/31/28	$ 779,845	$	670,912

				4,864,294


Cosmetics/Personal Care — 1.0%
ACP Tara Holdings, Inc. 2026 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/15/32	420,470		421,679
Perrigo Investments LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/20/29	1,275,054		1,275,054
Prestige Brands, Inc. 2026 Term Loan B
0.25%	06/13/33	612,963		615,455

				2,312,188


Distribution &Wholesale — 2.2%
BCPE Empire Holdings, Inc. 2025 Term Loan B
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/11/30	496,222		491,260
BCPE Empire Holdings, Inc. 2026 10th Amendment Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/29/32	498,750		493,920
Core & Main LP 2026 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	07/01/33	194,273		194,840
Gates Global LLC 2022 Term Loan B4
0.00%⁽²⁾	11/16/29	750,000		750,371
Gloves Buyer, Inc. 2026 Term Loan B
7.48% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	05/21/32	1,245,620		1,248,996
Resideo Funding, Inc. 2024 1st Lien Term Loan B
5.71% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	02/11/28	292,778		292,961
Veritiv Corp. Term Loan B
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	12/02/30	632,664		602,217
VSE Corp. Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	05/05/33	785,000		789,906

				4,864,471


Diversified Financial Services — 2.3%
Avolon TLB Borrower 1 U.S. LLC 2023 Term Loan B6
5.42% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/24/30	977,613		979,983
Blackhawk Network Holdings, Inc. 2026 Term Loan B
0.00%⁽¹⁾	03/12/29	500,000		498,945
Edelman Financial Center LLC 2026 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	12/01/31	265,000		266,399


Issues	Maturity Date	Principal Amount	Value
GC Ferry Acquisition I, Inc. Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	08/16/32	$ 424,948	$	425,600
Guggenheim Partners LLC 2024 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/26/31	1,225,000		1,202,032
Jane Street Group LLC 2024 Term Loan B1
5.67% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	12/15/31	972,494		969,800
Jupiter Borrower, Inc. Term Loan B
8.50% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/30/33	400,000		402,916
Setanta Aircraft Leasing DAC 2024 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/05/28	420,583		422,276

				5,167,951


Electric — 1.6%
Alpha Generation LLC Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/30/31	369,666		368,564
Carroll County Energy LLC 2025 Repriced Term Loan
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	06/30/31	474,717		477,140
Compass Power Generation LLC 2026 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	04/13/29	745,024		747,069
Indeck Niles LLC Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/09/33	393,468		394,206
Pathfinder Power LLC Term Loan B
0.00%⁽²⁾	06/22/33	755,507		754,917
South Field LLC 2025 1st Lien Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/29/31	442,146		444,633
South Field LLC 2025 1st Lien Term Loan C
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/29/31	28,982		29,146
Talen Energy Supply LLC 2023 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)	11/25/32	165,968		165,103
Talen Energy Supply LLC 2024-1 Incremental Term Loan
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	12/15/31	59,722		59,617

				3,440,395


Electrical Components & Equipment — 1.0%
Belden, Inc. Term Loan
5.90% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	07/01/33	388,546		390,975

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Energizer Holdings, Inc. 2025 Term Loan B
5.67% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	03/19/32	$ 221,337	$	221,615
Pelican Products, Inc. 2021 Term Loan
8.24% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/29/28	1,695,244		1,640,555

				2,253,145


Electronics — 2.3%
Coherent Corp. 2025 Term Loan B2
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	07/02/29	1,185,758		1,188,473
Dwyer Instruments, Inc. 2026 Delayed Draw Term Loan
0.00%⁽²⁾	07/15/33	47,872		47,888
Dwyer Instruments, Inc. 2026 Term Loan B
0.00%⁽²⁾	07/15/33	702,128		702,349
Esco Technologies, Inc. Term Loan B
0.00%⁽²⁾	05/27/33	853,546		853,546
LSF12 Crown US Commercial Bidco LLC 2026 1st Lien Term Loan B
0.00%⁽²⁾	12/02/31	247,678		248,426
Mirion Technologies, Inc. 2025 Repriced Term Loan B
5.73% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	06/04/32	1,000,000		1,004,380
Skyshield U.S. Bidco Ltd. USD Term Loan B
6.37% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/30/33	259,031		259,518
TCP Sunbelt Acquisition Co. 2024 Term Loan B
7.92% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	10/24/31	877,500		877,500

				5,182,080


Engineering & Construction — 1.8%
Astrion Group LLC 2024 Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	08/29/31	676,368		571,531
DG Investment Intermediate Holdings 2, Inc. 2025 Term Loan
6.98% (1 mo. USD Term SOFR + 3.250%)	07/09/32	1,051,525		1,054,811
ITG Communications LLC Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	07/09/31	577,666		578,145
Modern Aviation FBO Holdings LLC Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	06/30/33	516,197		518,778
SBA Senior Finance II LLC 2024 Term Loan B
0.00%⁽²⁾	01/25/31	500,000		500,698
Trilon Group LLC 2026 Delayed Draw Term Loan
0.00%	07/13/33	20,653		20,666
Trilon Group LLC 2026 Term Loan
9.25% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/13/33	638,326		638,725

				3,883,354


Issues	Maturity Date	Principal Amount	Value

Entertainment — 8.8%
Allwyn Entertainment Financing U.S. LLC 2025 1st Lien Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	11/24/32	$ 682,943	$	677,479
Allwyn Entertainment Financing U.S. LLC 2025 Term Loan B
5.76% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	06/02/31	644,081		635,428
Betclic Everest Group SAS 2026 USD Term Loan B
6.50% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	12/10/31	1,012,000		1,015,795
Caesars Entertainment, Inc. 2022 Term Loan A
5.83% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	01/31/28	390,046		387,770
Caesars Entertainment, Inc. Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	02/06/30	1,169,840		1,132,259
Churchill Downs, Inc. 2021 Incremental Term Loan B1
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/17/28	1,290,103		1,293,328
City Football Group Ltd. 2024 Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	07/22/30	1,239,173		1,239,019
Delta 2 Lux SARL 2024 Term Loan B1
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/30/31	1,366,667		1,368,942
DK Crown Holdings, Inc. 2025 Term Loan B
5.43% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/04/32	1,234,375		1,232,733
EOC Borrower LLC Term Loan A
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	03/24/28	104,112		104,339
EOC Borrower LLC Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/24/32	564,300		566,769
Flutter Financing BV 2024 Term Loan B
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/30/30	1,275,396		1,266,149
Great Canadian Gaming Corp. 2024 Term Loan B
8.43% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾	11/01/29	1,372,458		1,361,307
GVC Holdings Gibraltar Ltd. 2025 Term Loan B6 (2029)
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	10/31/29	1,338,009		1,340,940
J&J Ventures Gaming LLC 2025 Repriced Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	04/26/30	1,229,434		1,225,808

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
Light and Wonder International, Inc. 2026 Term Loan B
5.67% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	04/16/29	$ 769,901		$ 771,825
PCI Gaming Authority Term Loan
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	07/18/31	781,834		781,990
PENN Entertainment, Inc. 2022 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	05/30/33	498,701		497,966
Pioneer Opco LLC Term Loan B
7.00% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	05/16/33	925,000		931,526
TKO Worldwide Holdings LLC 2026 Term Loan B
5.41% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/21/31	1,808,773		1,807,751

				19,639,123


Environmental Control — 2.0%
Action Environmental Group, Inc. 2023 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/24/30	696,277		690,623
Heritage Environmental Services, Inc. 2026 Term Loan B
6.82% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	04/01/33	735,000		739,594
Heritage-Crystal Clean, Inc. Term Loan B
6.64% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	10/17/30	1,144,999		1,150,724
MIP V Waste Holdings LLC 2026 Term Loan B
6.32% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/20/32	1,185,045		1,192,451
Reworld Holding Corp. Term Loan B
5.97% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	11/30/28	555,657		557,047

				4,330,439


Financial — 0.3%
ACI Rover Parent LLC 2026 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/09/33	600,000		600,000


Food — 2.9%
1440 Food Topco LLC Term Loan B
8.73% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	10/31/31	627,468		463,608
B&G Foods, Inc. 2024 Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)	10/10/29	997,462		987,278
BCPE North Star U.S. HoldCo 2, Inc. Term Loan
7.85% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	06/09/28	878,955		881,926


Issues	Maturity Date	Principal Amount	Value
C&S Wholesale Grocers, Inc. Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	09/20/30	$ 1,151,500	$	1,091,046
Chobani LLC 2025 Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	10/28/32	619,902		623,002
Nourish Buyer I, Inc. 2026 Repriced Term Loan B
7.76% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	07/09/32	316,169		318,739
United Natural Foods, Inc. 2026 Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	05/01/31	1,297,421		1,311,615
Upfield BV 2026 USD Term Loan B15
8.12% (6 mo. USD Term SOFR + 4.250%)⁽¹⁾	10/31/30	705,714		686,052

				6,363,266


Food Service — 0.5%
Aramark Services, Inc. 2025 Repriced Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/06/28	1,169,059		1,171,982


Forest Products & Paper — 0.1%
Ahlstrom Holding 3 OYJ 2026 Fungible Add-On Term Loan B
0.00%⁽²⁾	05/23/30	262,140		263,103


Gas — 0.3%
Subterra Energy Borrower LLC Term Loan B
6.99% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	06/30/33	539,648		542,346


Health Care-Products — 2.4%
Antylia Scientific Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	05/27/32	755,000		748,235
Auris Luxembourg III SARL 2026 USD Term Loan B
7.02% (3 mo. USD Term SOFR + 3.250%)	02/28/32	723,128		725,536
Confluent Medical Technologies, Inc. 2025 Term Loan B
6.73% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	02/16/32	500,000		502,500
Hologic, Inc. 2026 USD Term Loan B
5.99% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	04/07/33	1,240,000		1,220,929
Mckesson Medical-Surgical Top Holdings, Inc. Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/09/32	729,604		731,201
Medline Borrower LP 2026 Term Loan B
5.23% (1 mo. USD Term SOFR + 1.500%)⁽¹⁾	05/30/33	495,617		494,348
Neogen Food Safety Corp. Refinancing Term Loan A
0.00%⁽²⁾	04/04/30	1,000,000		990,000

				5,412,749

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Health Care-Services — 7.0%
Acadia Healthcare Co., Inc. Term Loan A
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	02/28/30	$ 1,471,338	$	1,445,589
ADMI Corp. 2021 Incremental Term Loan B3
7.60% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	12/23/27	496,094		465,190
ADMI Corp. 2021 Term Loan B2
7.22% (1 mo. USD Term SOFR + 3.375%)⁽¹⁾	12/23/27	299,211		279,832
ADMI Corp. 2023 Term Loan B5
9.48% (1 mo. USD Term SOFR + 5.750%)⁽¹⁾	12/23/27	498,306		476,296
AHP Health Partners, Inc. 2025 Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	09/20/32	496,250		498,215
Charlotte Buyer, Inc. 2026 Term Loan B
8.15% (1 mo. USD Term SOFR + 4.500%)⁽¹⁾	06/30/31	1,199,090		1,202,051
Concentra Health Services, Inc. 2025 Repriced Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	07/26/31	1,312,728		1,314,093
DaVita, Inc. 2025 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	05/09/31	997,481		998,494
Dermatology Intermediate Holdings III, Inc. 2022 Term Loan B
8.07% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	03/30/29	257,750		239,385
Dermatology Intermediate Holdings III, Inc. 2023 Incremental Term Loan B
9.32% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	03/30/29	1,262,167		1,202,214
Heartland Dental LLC 2025 Term Loan
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	08/25/32	1,199,339		1,202,439
Help At Home, Inc. 2024 Term Loan B
8.73% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	09/24/31	447,353		400,522
Inception Holdco SARL 2026 USD Term Loan
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	04/09/31	100,000		100,479
Lumexa Imaging, Inc. 2026 Term Loan B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	12/17/32	472,346		474,462
ModivCare Buyer LLC Takeback Term Loan
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	12/30/32	235,384		200,860


Issues	Maturity Date	Principal Amount	Value
NAPA Management Services Corp. Term Loan B
9.08% (1 mo. USD Term SOFR + 5.250%)⁽¹⁾	02/23/29	$ 1,034,102	$	747,465
Option Care Health, Inc. 2025 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/22/32	532,704		534,203
Pediatric Associates Holding Co. LLC 2026 Term Loan B
8.67% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	12/29/31	847,466		850,233
Pluto Acquisition I, Inc. 2024 First Out Superpriority Term Loan
9.23% (3 mo. USD Term SOFR + 5.500%)⁽¹⁾	06/20/28	1,116,653		1,132,013
Sotera Health Holdings LLC 2026 Term Loan B
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	05/30/31	998,747		1,003,431
Star Parent, Inc. Term Loan B
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	09/27/30	228,709		229,820
U.S. Fertility Enterprises LLC 2025 Term Loan
6.65% (3 mo. USD Term SOFR + 3.000%)⁽¹⁾	12/30/32	568,728		571,748

				15,569,034


Insurance — 0.8%
Acrisure LLC 2024 1st Lien Term Loan B6
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	11/06/30	1,231,873		1,130,860
AmWINS Group, Inc. 2026 Term Loan B
0.00%⁽²⁾	01/30/32	258,076		256,180
Asurion LLC 2026 Term Loan B14
7.57% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	02/23/33	399,000		374,811

				1,761,851


Internet — 1.1%
Arches Buyer, Inc. 2021 Term Loan B
7.08% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	12/06/27	497,368		497,679
Barracuda Networks, Inc. 2022 Term Loan
8.32% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	08/15/29	847,835		573,022
Chewy, Inc. Term Loan B
5.45% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	06/23/33	750,000		749,531
Hoya Midco LLC 2025 Term Loan B
6.07% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	02/05/29	288,706		158,789
MH Sub I LLC 2024 Term Loan B4
7.98% (1 mo. USD Term SOFR + 4.250%)⁽¹⁾	12/31/31	106,701		95,738

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
TripAdvisor, Inc. Term Loan
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	07/08/31	$ 149,619	$	144,851
WeddingWire, Inc. 2024 Term Loan B
7.48% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	01/31/28	368,127		259,529

				2,479,139


Investment Companies — 0.4%
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 100mm
0.00%⁽²⁾	07/14/33	86,749		86,749
Emerald Expositions Holding, Inc. 2026 Delayed Draw Term Loan 200mm
0.00%⁽²⁾	07/14/33	173,498		173,498
Emerald Expositions Holding, Inc. 2026 Term Loan
0.00%⁽²⁾	07/14/33	663,630		663,630

				923,877


Leisure Time — 1.2%
Alterra Mountain Co. 2025 Term Loan B8
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	05/31/30	460,083		460,851
Alterra Mountain Co. 2025 Term Loan B9
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	08/17/28	792,850		794,832
Arcis Golf LLC 2025 Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	11/24/28	1,253,273		1,258,913
Lakeland Tours LLC 2026 2nd Lien Term Loan A
9.00%	03/29/30	317,559		71,451

				2,586,047


Lodging — 1.2%
Four Seasons Hotels Ltd. 2026 Term Loan B
0.00%⁽²⁾	09/16/32	1,000,000		1,002,815
Hilton Domestic Operating Co., Inc. 2023 Term Loan B4
5.47% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	11/08/30	1,000,000		1,002,580
Station Casinos LLC 2024 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	03/14/31	748,724		750,462

				2,755,857


Machinery-Construction & Mining — 1.3%
Tenaska Westmoreland Management LLC Term Loan B
5.87% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	02/18/33	1,137,075		1,136,723
Terex Corp. 2025 Term Loan
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	10/08/31	792,000		794,106
WEC U.S. Holdings Ltd. 2024 Term Loan
5.65% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	01/27/31	977,425		977,401

				2,908,230


Issues	Maturity Date	Principal Amount	Value

Machinery-Diversified — 0.6%
Bettcher Industries, Inc. 2026 Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/15/33	$ 40,000	$	40,240
Engineered Machinery Holdings, Inc. 2026 USD Term Loan B
6.49% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	11/26/32	250,000		251,059
LSF12 Helix Parent LLC USD Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	02/10/33	1,112,280		1,101,741

				1,393,040


Media — 2.9%
Charter Communications Operating LLC 2023 Term Loan B4
5.73% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	12/07/30	299,233		289,695
Charter Communications Operating LLC 2024 Term Loan B5
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	12/15/31	1,185,731		1,143,413
Discovery Global Holdings, Inc. 2026 USD Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/03/33	1,201,442		1,203,821
Midcontinent Communications 2024 Term Loan B
6.23% (1 mo. USD Term SOFR + 2.500%)	08/18/31	724,053		713,645
Mission Broadcasting, Inc. 2021 Term Loan B
6.26% (1 mo. USD Term SOFR + 2.500%)⁽¹⁾	06/02/28	813,402		814,215
MJH Healthcare Holdings LLC 2025 Repriced Term Loan B
6.48% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	01/29/29	496,241		469,833
NEP Group, Inc. 2025 Term Loan B
8.23% (1 mo. USD Term SOFR + 4.500%)	10/17/31	226,303		212,416
Virgin Media Bristol LLC 2020 USD Term Loan Q
7.04% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	01/31/29	500,666		454,176
Virgin Media Bristol LLC 2023 USD Term Loan Y
6.97% (6 mo. USD Term SOFR + 3.175%)⁽¹⁾	03/31/31	775,000		665,531
Ziggo Financing Partnership 2025 Term Loan B
6.91% (6 mo. USD Term SOFR + 3.220%)⁽¹⁾	01/15/33	500,000		455,105

				6,421,850


Metal Fabricate & Hardware — 0.3%
TMS International Corp. 2025 Term Loan B
7.23% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/04/30	748,101		750,907

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value

Mining — 0.2%
American Rock Salt Co. LLC 2024 First Out Term Loan
10.85% (1 mo. USD Term SOFR + 7.000%)⁽¹⁾	06/09/28	$ 535,036	$	540,498


Miscellaneous Manufacturers — 0.5%
Cleanova U.S. Holdings LLC 2025 Term Loan B
8.41% (3 mo. USD Term SOFR + 4.750%)⁽¹⁾	06/14/32	1,210,079		1,205,541


Office/Business Equipment — 0.4%
Xerox Holdings Corp. 2023 Non-CoOp Term Loan
7.73% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	11/19/29	1,167,528		947,642


Oil & Gas — 0.5%
Apro LLC 2024 Term Loan B
7.43% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	07/09/31	459,679		461,021
Liquid Tech Solutions LLC 2025 Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	10/12/32	698,096		695,478

				1,156,499


Packaging & Containers — 1.5%
Amneal Pharmaceuticals LLC 2026 Term Loan
6.73% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	08/01/32	141,644		142,286
Balcan Innovations, Inc. Term Loan B
8.48% (1 mo. USD Term SOFR + 4.750%)⁽¹⁾	10/20/31	1,481,250		1,215,551
Clydesdale Acquisition Holdings, Inc. Term Loan B
6.91% (1 mo. USD Term SOFR + 3.175%)⁽¹⁾	04/13/29	237,000		231,875
Dechra Pharmaceuticals Holdings Ltd. 2026 USD Term Loan B3
6.70% (6 mo. USD Term SOFR + 2.750%)⁽¹⁾	01/27/32	478,266		480,134
Sword Purchaser LLC USD Term Loan B
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/11/33	565,000		545,730
TricorBraun Holdings, Inc. 2021 Term Loan
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/03/31	730,084		661,912

				3,277,488


Pharmaceuticals — 2.4%
Alkermes, Inc 2026 1st Lien Term Loan B
0.00%⁽²⁾	08/12/31	250,000		251,145
Alkermes, Inc. 2026 Term Loan B
6.48% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	08/12/31	968,438		972,874


Issues	Maturity Date	Principal Amount	Value
Elanco Animal Health, Inc. 2025 Term Loan B
5.40% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	10/31/32	$ 1,147,118	$	1,148,695
Jazz Financing Lux SARL 2024 1st Lien Term Loan B2
5.98% (1 mo. USD Term SOFR + 2.250%)⁽¹⁾	05/05/28	970,957		974,690
LSCS Holdings, Inc. 2025 Term Loan
8.23% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	03/04/32	946,523		932,718
Paradigm Parent LLC 1st Lien Term Loan
8.23% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	04/16/32	1,265,438		1,111,528

				5,391,650


Pipelines — 2.3%
Colossus Acquireco LLC 2026 Term Loan B
5.37% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾	01/31/33	1,199,250		1,196,168
Crescent Midstream Operating LLC Term Loan B
7.40% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	02/18/33	427,311		429,939
Freeport LNG Investments LLLP 2026 Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	02/11/33	865,372		869,777
ITT Holdings LLC 2026 Term Loan B
5.71% (1 mo. USD Term SOFR + 1.975%)⁽¹⁾	10/11/30	994,390		995,633
Venture Global Calcasieu Pass LLC 2026 Term Loan B
6.95% (6 mo. USD Term SOFR + 3.250%)⁽¹⁾	04/11/33	882,863		889,966
Whitewater Matterhorn Holdings LLC 2026 Term Loan B
0.00%⁽²⁾	06/16/32	729,650		724,830

				5,106,313


REIT — 0.9%
OEG Borrower LLC 2024 Term Loan B
7.17% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	06/30/31	1,212,737		1,222,342
Outfront Media Capital LLC 2025 Term Loan B
5.49% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/24/32	748,893		750,451

				1,972,793


Retail — 5.9%
1011778 BC Unlimited Liability Co. 2024 Term Loan B6
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/20/30	944,982		946,362
Burlington Coat Factory Warehouse Corp. 2024 Term Loan B
5.48% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	09/24/31	993,719		993,719

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date	Principal Amount	Value
BW Gas & Convenience Holdings LLC 2021 Term Loan B
7.35% (1 mo. USD Term SOFR + 3.500%)⁽¹⁾	03/31/28	$ 1,062,434	$	1,066,418
Floor and Decor Outlets of America, Inc. 2026 Term Loan B
5.64% (3 mo. USD Term SOFR + 2.000%)⁽¹⁾	06/24/33	550,000		550,558
KFC Holding Co. 2021 Term Loan B
5.53% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	03/15/28	1,201,768		1,207,025
Men’s Wearhouse, Inc. 2026 Term Loan B
9.41% (3 mo. USD Term SOFR + 5.750%)⁽¹⁾	01/28/31	326,667		329,986
Michaels Cos., Inc. 2026 Term Loan B
8.73% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	03/15/33	500,000		499,945
Murphy USA, Inc. Term Loan B
5.40% (1 mo. USD Term SOFR + 1.750%)⁽¹⁾	04/07/32	744,375		750,423
Peer Holding III BV 2025 USD Term Loan B4B
6.23% (3 mo. USD Term SOFR + 2.500%)⁽¹⁾	10/28/30	1,741,315		1,748,063
QXO, Inc. 2026 Term Loan B
5.73% (1 mo. USD Term SOFR + 2.000%)	07/01/33	614,890		614,582
Raising Cane’s Restaurants LLC 2025 Term Loan A
0.00%⁽²⁾	11/05/30	750,000		746,250
Raising Cane’s Restaurants LLC 2026 Term Loan B
5.66% (1 mo. USD Term SOFR + 2.000%)⁽¹⁾	06/06/33	503,133		501,561
Splat Super Holdco LLC 2025 Term Loan
8.73% (1 mo. USD Term SOFR + 5.000%)⁽¹⁾	07/02/32	1,259,694		1,207,416
Thermostat Purchaser III, Inc. 2024 Term Loan B
7.98% (3 mo. USD Term SOFR + 4.250%)⁽¹⁾	08/31/28	1,188,183		1,168,578
Whatabrands LLC 2026 Term Loan B
0.00%⁽²⁾	07/30/33	850,000		852,125

				13,183,011


Software — 4.6%
Access CIG LLC 2025 Term Loan
7.82% (3 mo. USD Term SOFR + 4.000%)⁽¹⁾	08/19/30	498,741		440,139
Athenahealth Group, Inc. 2026 Term Loan B
0.00%⁽²⁾	02/16/32	311,233		309,515
Avison Young Canada, Inc. 2024 Third Out Term Loan
11.41% (3 mo. USD Term SOFR + 7.500%)⁽¹⁾	03/12/29	173,246		33,783
Boxer Parent Co., Inc. 2025 USD Term Loan B
6.42% (3 mo. USD Term SOFR + 2.750%)⁽¹⁾	07/30/31	147,988		135,163


Issues	Maturity Date	Principal Amount	Value
Cast & Crew Payroll LLC 2021 Incremental Term Loan
7.57% (3 mo. USD Term SOFR + 3.750%)⁽¹⁾	12/29/28	$ 1,473,531	$	521,873
Cloud Software Group, Inc. 2025 Term Loan B (2031)
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	03/21/31	360,542		327,843
Cloudera, Inc. 2021 Term Loan
7.58% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	10/08/28	1,155,745		1,026,452
Cotiviti Corp. 2025 2nd Amendment Term Loan
6.40% (1 mo. USD Term SOFR + 2.750%)⁽¹⁾	03/26/32	912,695		854,922
Darktrace PLC 1st Lien Term Loan
6.99% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/09/31	540,636		497,263
Dayforce, Inc. 2026 Term Loan
0.00%⁽²⁾	02/04/33	333,602		311,142
EP Purchaser LLC 2023 Term Loan B
8.28% (3 mo. USD Term SOFR + 4.500%)⁽¹⁾	11/06/28	917,504		600,965
Genius Sports Ltd. Term Loan
0.00%⁽²⁾	04/30/31	500,000		480,000
Planview Parent, Inc. 2024 1st Lien Term Loan
7.23% (3 mo. USD Term SOFR + 3.500%)⁽¹⁾	12/17/27	1,589,763		1,372,872
Project Alpha Intermediate Holding, Inc. 2024 1st Lien Term Loan B
6.98% (3 mo. USD Term SOFR + 3.250%)⁽¹⁾	10/26/30	1,579,281		1,238,946
Quartz Acquireco LLC 2025 Term Loan B
5.98% (3 mo. USD Term SOFR + 2.250%)⁽¹⁾	06/28/30	1,205,686		1,021,819
Renaissance Holding Corp. 2024 1st Lien Term Loan
7.73% (1 mo. USD Term SOFR + 4.000%)⁽¹⁾	04/05/30	1,273,573		987,904

				10,160,601


Telecommunications — 0.5%
Altice Financing SA 2022 USD Term Loan
8.75% (3 mo. USD Term SOFR + 5.000%)⁽¹⁾	10/31/27	248,072		164,224
Cyxtera DC Holdings, Inc. Term Loan B
0.00%⁽³⁾	01/16/27	292,034		—
GOGO Intermediate Holdings LLC Term Loan B
7.60% (1 mo. USD Term SOFR + 3.750%)⁽¹⁾	04/30/28	1,082,371		984,790
Zayo Group Holdings, Inc. 2025 USD Term Loan
6.85% (1 mo. USD Term SOFR + 3.000%)⁽¹⁾	03/11/30	75		75

				1,149,089

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Issues	Maturity Date		Principal Amount	Value

Transportation — 0.9%
Genesee & Wyoming, Inc. 2024 Term Loan
5.48% (3 mo. USD Term SOFR + 1.750%)⁽¹⁾		04/10/31	$ 1,221,891	$	1,219,912
Kenan Advantage Group, Inc. 2024 Term Loan B4
6.98% (1 mo. USD Term SOFR + 3.250%)⁽¹⁾		01/25/29	807,304		809,831

					2,029,743

Total Bank Loans
(Cost: $193,579,820)					189,845,323

CORPORATE BONDS — 6.8%

Aerospace & Defense — 1.1%
Honeywell Aerospace, Inc.
4.95%⁽⁴⁾		03/16/36	1,000,000		964,470
Lockheed Martin Corp.
4.40%		08/15/30	1,000,000		989,070
Northrop Grumman Corp.
4.65%		07/15/30	500,000		496,455

					2,449,995


Chemicals — 0.7%
Ecolab, Inc.
5.35%		06/15/36	1,000,000		998,080
SCIH Salt Holdings, Inc.
8.00%^(4),(5)		08/15/32	450,000		447,876

					1,445,956


Electric — 0.2%
Duke Energy Carolinas LLC
4.85%		03/15/30	500,000		500,495


Entertainment — 0.2%
WMG Acquisition Corp.
3.88%⁽⁴⁾		07/15/30	500,000		471,300


Environmental Control — 1.1%
Republic Services, Inc.
4.75%		07/15/30	1,000,000		998,140
Waste Management, Inc.
4.95%		03/15/35	1,250,000		1,225,575
Waste Pro USA, Inc.
7.00%⁽⁴⁾		02/01/33	250,000		254,598

					2,478,313


Health Care-Products — 0.4%
Abbott Laboratories
4.00%		03/15/31	1,000,000		966,790


Health Care-Services — 0.2%
UnitedHealth Group, Inc.
4.50%		04/15/33	500,000		480,985


Household Products/Wares — 0.4%
Clorox Co.
4.70%		05/15/31	500,000		492,195
Spectrum Brands, Inc.
3.88%⁽⁴⁾		03/15/31	501,000		441,852

					934,047


Internet — 0.2%
Getty Images, Inc.
11.25%⁽⁴⁾		02/21/30	500,000		391,470


Issues	Maturity Date		Principal Amount	Value

Packaging & Containers — 0.2%
Berry Global, Inc.
5.65%		01/15/34	$ 500,000	$	503,560


Pharmaceuticals — 0.7%
Novartis Capital Corp.
4.90%		03/18/36	1,000,000		971,930
Teva Pharmaceutical Finance Netherlands IV BV (Israel)
5.75%		12/01/30	500,000		506,940

					1,478,870


Retail — 0.9%
1011778 BC ULC/New Red Finance, Inc. (Canada)
3.50%⁽⁴⁾		02/15/29	500,000		479,650
Walmart, Inc.
4.90%		04/28/35	1,500,000		1,485,660

					1,965,310


Transportation — 0.5%
Union Pacific Corp.
5.10%		02/20/35	1,000,000		997,180

Total Corporate Bonds
(Cost: $15,307,723)					15,064,271


FOREIGN GOVERNMENT BONDS — 0.1%
Abu Dhabi Government International Bonds
4.25%⁽⁴⁾		10/02/35	300,000		281,355

Total Foreign Government Bonds
(Cost: $290,407)					281,355


U.S. TREASURY SECURITIES — 0.5%
U.S. Treasury Notes
4.13%		06/30/31	65,000		64,155
4.38%		07/31/31	1,030,000		1,027,787

Total U.S. Treasury Securities
(Cost: $1,093,662)					1,091,942

Total Fixed Income Securities
(Cost: $210,271,612)					206,282,891


CONVERTIBLE SECURITIES — 0.0%
Convertible Corporate Bonds — 0.0%
Engineering & Construction — 0.0%
Cellnex Telecom SA
0.75%⁽⁶⁾		11/20/31	EUR 100,000		106,777

Total Convertible Corporate Bonds
(Cost: $105,855)					106,777

COMMON STOCK — 0.2%

Security			Shares	Value

Financial — 0.0%
WS Purchaser LLC⁽⁷⁾			22,928		1,261

Health Care-Services — 0.2%
ModivCare, Inc.⁽⁷⁾			58,076		332,137

Issues			Shares	Value

Real Estate — 0.0%
Avison Young Canada, Inc.⁽⁷⁾			370		20

Total Common Stock
(Cost: $378,763)					333,418

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026


Security	Shares		Value

MONEY MARKET INVESTMENTS — 11.2%
TCW Central Cash Fund, 3.74%^(8),(9)		24,915,712	$	24,915,712

Total Money Market Investments (Cost: $24,915,712)				24,915,712

PREFERRED STOCK — 0.0%

Real Estate — 0.0%
Avison Young Canada, Inc.⁽⁷⁾		1,054,697		58,008

				58,008


Total Preferred Stock
(Cost: $697,797)				58,008


Issues	Shares		Value
WARRANTS — 0.0%
Cineworld Group PLC^(7),(3)		229,579		3


Total Warrants
(Cost: $—)				3


Total Investments (104.0%) (Cost: $236,369,739)				231,696,809
Net Unrealized Appreciation/depreciation On Unfunded Commitments(10) (0.0%)				356
Liabilities In Excess Of Other Assets (-4.0%)				(8,997,381	)

Net Assets (100.0%)			$	222,699,784

TCW Senior Loan ETF


SCHEDULE OF INVESTMENTS (Unaudited)		July 31, 2026

FUTURES CONTRACTS

Number of

Contracts

Type

Expiration
Date

Notional

Contract

Value

Net Unrealized

Appreciation

(Depreciation)

Short Futures

Euro-Bund Futures

09/08/26

(144,950)

(143,406)

1,544

(144,950)

(143,406)

1,544

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver		Units of Currency		Settlement Date		In Exchange for USD		Contracts at Value		Unrealized Appreciation (Depreciation)

SELL (11)
Citibank N.A.		EUR		90,523		09/11/26		103,394		104,544		(1,150	)

							$	103,394	$	104,544	$	(1,150	)

Notes to the Schedule of Investments:


EUR		Euro Currency.
REIT		Real Estate Investment Trust.
SOFR		Secured Overnight Financing Rate.
(1)		Floating or variable rate security. The interest shown reflects the rate in effect at July 31, 2026.
(2)		This position represents an unsettled bank loan at period end. Certain details associated with this purchase are not known prior to the settlement date, including coupon rate, which will be adjusted on settlement date.
(3)		For fair value measurement disclosure purposes, security is categorized as Level 3. Security is valued using significant unobservable inputs.
(4)		Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers. At July 31, 2026, the value of these securities amounted to $3,732,571 or 1.7% of net assets. These securities are determined to be liquid by the Fund’s investment advisor, unless otherwise noted, under procedures established by and under the general supervision of the Company’s Board of Directors.
(5)		This security is purchased on a when-issued, delayed-delivery or forward commitment basis.
(6)		Investments issued under Regulation S of the Securities Act of 1933, as amended, may not be offered, sold, or delivered within the United States except under special exemptions. At July 31, 2026, the value of these securities amounted to $106,777 or 0.1% of net assets.
(7)		Non-income producing security.
(8)		Rate disclosed is the 7-day net yield as of July 31, 2026.
(9)		Affiliated issuer.
(10)		Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(11)		Fund sells foreign currency, buys USD.

TCW Senior Loan ETF


Fair Valuation Summary (Unaudited)		July 31, 2026

The following is a summary of the fair valuations according to the inputs used as of July 31, 2026 in valuing the Fund’s investments:


Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Other Significant Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)		Total
Fixed Income Securities
Bank Loans	$	—	$	189,845,323		$	—	$	189,845,323
Corporate Bonds		—		15,064,271			—		15,064,271
U.S. Treasury Securities		—		1,091,942			—		1,091,942
Foreign Government Bonds		—		281,355			—		281,355
Total Fixed Income Securities		—		206,282,891			—		206,282,891
Convertible Securities
Convertible Corporate Bonds		—		106,777			—		106,777
Equity Securities
Money Market Investments		24,915,712		—			—		24,915,712
Common Stock		—		333,418			—		333,418
Preferred Stock		—		58,008			—		58,008
Warrants		—		—			3		3
Total Equity Securities		24,915,712		391,426			3		25,307,141
Net Unrealized Appreciation (Depreciation) on Unfunded Commitments	$	—	$	356		$	—	$	356
Total Investments	$	24,915,712	$	206,781,450		$	3	$	231,697,165
Asset Derivatives
Futures Contracts
Interest Rate Risk		1,544		—			—		1,544
Total	$	24,917,256	$	206,781,450		$	3	$	231,698,709

Liability Derivatives
Forward Currency Contracts
Foreign Currency Risk	$	—	$	(1,150	)	$	—	$	(1,150	)
Total	$	—	$	(1,150	)	$	—	$	(1,150	)

Note 1 – Security Valuations

Securities listed or traded on the NYSE and other stock exchanges were valued at the latest sale price on the exchange. Securities traded on the NASDAQ stock market (“NASDAQ”) were valued during the period using official closing prices as reported by NASDAQ, which may not have been the last sale price. Investments in open-end mutual funds including money market funds were valued based on the NAV per share as reported by the investment companies. All other securities for which over-the-counter (“OTC”) market quotations were readily available, including short-term securities, swap agreements and forward currency exchange contracts, were valued with prices furnished by independent pricing services or by broker-dealers.

Shares Not Listed; No Market for Shares. Certain funds may invest in TCW Private Asset Income Fund (“TPAY”), which is a closed-end management investment company that does not currently intend to list its shares for trading on any securities exchange, and TPAY does not expect any secondary market to develop for its shares in the foreseeable future. Therefore, an investment in TPAY, unlike an investment in a typical closed-end fund, is not a liquid investment. Shareholders of TPAY are not able to have their shares redeemed or otherwise sell their shares daily. TPAY is an “interval fund,” a type of fund which, in order to provide liquidity to shareholders, has adopted a fundamental investment policy to make quarterly offers to repurchase between 5% and 25% of its outstanding shares at net asset value (“NAV”) per share.

The Fund’s investment in TPAY is valued in accordance with ASC Topic 820, Fair Value Measurement. TPAY is an interval fund that publishes a daily NAV per share and permits transactions at the published NAV on the applicable measurement date, subject to the terms of its quarterly repurchase offers. The published NAV of TPAY is considered a readily determinable fair value, as it is calculated and disseminated on a daily basis and represents the price at which current transactions may occur on the measurement date. Because TPAY can be transacted at its published NAV, that NAV represents an exit price in an orderly transaction between market participants at the measurement date. Accordingly, the Fund values its investment in TPAY at the published NAV as of the measurement date. For fair value hierarchy classification, the investment in TPAY is classified within Level 2 of the fair value hierarchy, as the valuation is based on observable inputs, specifically the published NAV, but does not represent a quoted price in an active market for an identical investment that is freely tradable on a daily basis.

Pursuant to Rule 2a-5 under the 1940 Act, the Trust’s Board of Trustees (the “Board”, and each member thereof, a “Trustee”) has designated the Adviser as the “valuation designee” with respect to the fair valuation of the Fund’s portfolio securities, subject to oversight by and periodic reporting to the Board. Fair valued securities are those for which market quotations were not readily available, including in circumstances under which it was determined by the Adviser that prices received were not reflective of their market values.

Fair value is defined as the price that a Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market for the investment. In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the Funds disclose investments in their financial statements in a three-tier hierarchy. This hierarchy is utilized to establish classification of fair value measurements based on inputs. Inputs that go into fair value measurement refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the inputs market participants would use in pricing the asset or liability, developed based on the best information available in the circumstances.

The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical investments.

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments).

Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized as Level 3.

In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Level 1, Level 2, or Level 3.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.

Fair Value Measurements: Descriptions of the valuation techniques applied to the Funds’ major categories of assets and liabilities measured at fair value on a recurring basis are as follows:

Asset-backed securities (“ABS”) and mortgage-backed securities (“MBS”). The fair value of ABS and MBS is estimated based on pricing models that consider the estimated cash flows of each debt tranche of the issuer, establish a benchmark yield, and develop an estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche including, but not limited to, the prepayment speed assumptions and attributes of the collateral. To the extent the inputs are observable and timely, the values would be categorized as Level 2 of the fair value hierarchy; otherwise, they would be categorized as Level 3.

Bank loans. The fair value of bank loans is estimated using recently executed transactions, market price quotations, credit/market events, and cross-asset pricing. Inputs are generally observable and are obtained from independent sources. Bank loans are generally categorized as Level 2 of the fair value hierarchy; unless key inputs are unobservable; they would then be categorized as Level 3.

Corporate bonds. The fair value of corporate bonds is estimated using recently executed transactions, market price quotations (where observable), bond spreads, or credit default swap spreads adjusted for any basis difference between cash and derivative instruments. Corporate bonds are generally categorized as Level 2 of the fair value hierarchy; in instances where prices, spreads, or any of the other aforementioned key inputs are unobservable, they are categorized as Level 3 of the hierarchy.

Foreign currency contracts. The fair values of foreign currency contracts are derived from indices, reference rates, and other inputs or a combination of these factors. To the extent that these factors can be observed, foreign currency contracts are categorized as Level 2 of the fair value hierarchy.

Futures contracts. Futures contracts are generally valued at the settlement price established at the close of business each day by the exchange on which they are traded. They are categorized as Level 1. To the extent that valuation adjustments are observable and timely, the fair values of futures contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Government and agency securities. Government and agency securities are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. Accordingly, government and agency securities are normally categorized as Level 1 or 2 of the fair value hierarchy depending on the liquidity and transparency of the market.

Money market funds. Money market funds are open-end mutual funds that invest in short-term debt securities. To the extent that these funds are valued based upon the reported NAV, they are categorized as Level 1 of the fair value hierarchy.

Municipal bonds. Municipal bonds are fair valued based on pricing models that take into account, among other factors, information received from market makers and broker-dealers, current trades, bid-wanted lists, offerings, market movements, the callability of the bond, state of issuance, benchmark yield curves, and bond insurance. To the extent that these inputs are observable and timely, the fair values of municipal bonds are categorized as Level 2; otherwise, the fair values are categorized as Level 3.

Options and Swaptions contracts. Exchange-listed options contracts are traded on securities exchanges and are fair valued based on quoted prices from the applicable exchange, and to the extent valuation adjustments are not applied, they are categorized as Level 1. If valuation adjustments are applied and such adjustments are observable and timely, the fair values of exchange-listed options contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3. Options and swaptions contracts traded over-the-counter (“OTC”) are fair valued based on pricing models and incorporate various inputs such as interest rates, credit spreads, currency exchange rates and volatility measurements for in-the-money, at-the-money, and out-of-the-money contracts based on a given strike price. To the extent that these inputs are observable and timely, the fair values of OTC options and swaptions contracts would be categorized as Level 2; otherwise the fair values would be categorized as Level 3.

Restricted securities. Restricted securities, including illiquid Rule 144A securities, issued by non-public entities are categorized as Level 3 of the fair value hierarchy because they trade infrequently, and therefore the inputs are unobservable. Any other restricted securities valued similar to publicly traded securities may be categorized as Level 2 or 3 of the fair value hierarchy depending on whether a discount is applied and significant to the fair value.

Short-term investments. Short-term investments are valued using market price quotations, and are categorized as Level 1 or Level 2 of the fair value hierarchy.

Warrants. Warrants are generally valued based on quoted prices from the applicable exchange. To the extent these securities are actively traded, and valuation adjustments are not applied, they are generally categorized as Level 1 of the fair value hierarchy.

The summary of the inputs used as of July 31, 2026 in valuing the Funds’ investments is listed after the Schedule of Investments for each Fund.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:


TCW Core Plus Bond ETF	Asset-Backed Securities			Total

Balance as of October 31, 2025	$	1,571,386		$	1,571,386
Accrued Discounts (Premiums)		-			-
Realized Gain (Loss)		-			-
Change in Unrealized Appreciation (Depreciation)		16,713			16,713
Purchases		-			-
Sales		(109,788	)		(109,788	)
Transfers in to Level 3		-			-
Transfers out of Level 3		-			-

Balance as of July 31, 2026	$	1,478,311		$	1,478,311


Change in Unrealized Appreciation (Depreciation) from Investments Still Held at July 31, 2026	$	16,713		$	16,713


TCW Corporate Bond ETF	Asset- Backed Securities			Total

Balance as of October 31, 2025	$	30,745		$	30,745
Accrued Discounts (Premiums)		-			-
Realized Gain (Loss)		-			-
Change in Unrealized Appreciation (Depreciation)		327			327
Purchases		-			-
Sales		(2,148	)		(2,148	)
Transfers in to Level 3		-			-
Transfers out of Level 3		-			-

Balance as of July 31, 2026	$	28,924		$	28,924


Change in Unrealized Appreciation (Depreciation) from Investments Still Held at July 31, 2026	$	327		$	327


TCW Flexible Income ETF	Asset-Backed Securities			Corporate Bonds			Warrants		Residential Mortgage- Backed Securities — Non-Agency			Total

Balance as of October 31, 2025	$	12,511,356		$	-		$	2	$	-		$	12,511,358
Accrued Discounts (Premiums)		57,988			-			-		5,883			63,871
Realized Gain (Loss)		(714,199	)		-			-		-			(714,199	)
Change in Unrealized Appreciation (Depreciation)		327,080			(271,863	)		-		27,123			82,340
Purchases		6,200,008			23,199,950			-		4,155,804			33,555,762
Sales		(3,237,591	)		(45,766	)		-		(33,000	)		(3,316,357	)
Transfers in to Level 3		558,295			-			-		-			558,295
Transfers out of Level 3		(3,083,700	)		-			-		-			(3,083,700	)

Balance as of July 31, 2026	$	12,619,237		$	22,882,321		$	2	$	4,155,810		$	39,657,370


Change in Unrealized Appreciation (Depreciation) from Investments Still Held at July 31, 2026	$	169,969		$	(271,863	)	$	-	$	27,123		$	(74,771	)

Significant unobservable valuation inputs for Level 3 investments as of July 31, 2026 are as follows:

TCW Core Plus Bond ETF

Fair Value
at July 31, 2026

Valuation
Techniques

Unobservable
Input

Price or Price
Range

Average
Weighted
Price

Input to
Valuation
If Input
Increases

Asset-Backed Securities

1,478,311

Broker Quote

Offered Quote

94.543

Increase

TCW Corporate Bond ETF

Fair Value
at July 31, 2026

Valuation
Techniques

Unobservable
Input

Price or Price
Range

Average
Weighted
Price

Input to
Valuation
If Input
Increases

Asset-Backed Securities

28,924

Broker Quote

Offered Quote

94.543

Increase


TCW Flexible Income ETF	Fair Value at July 31, 2026		Valuation Techniques		Unobservable Input		Price or Price Range		Average Weighted Price		Input to Valuation If Input Increases
Asset-Backed Securities	$	12,060,942		Broker Quote		Offered Quote	$	94.543-$100.000	$	98.866		Increase
Asset-Backed Securities	$	0		Fair Value		Zero Market Value	$	0.000	$	0.000		Increase
Asset-Backed Securities	$	558,295		Third-Party Vendor		Vendor Prices	$	10,840.689	$	10,840.689		Increase
Corporate Bonds	$	22,882,321		Fair Value		Broker Pricing	$	0.70-$99.94	$	88.018		Increase
Residential Mortgage-Backed Securities — Non-Agency	$	4,155,810		Broker Quote		Offered Quote	$	100.000	$	100.000		Increase
Warrants	$	2		Fair Value		Broker Pricing	$	0.000	$	0.000		Increase

Note 2 – Portfolio Investments

Mortgage-Backed and Other Asset-Backed Securities: The Funds may invest in MBS which represent interests in pools of mortgages in which payments of both principal and interest on the securities are generally made monthly, in effect “passing through” monthly payments made by borrowers on the residential or commercial mortgage loans which underlie the securities (net of any fees paid to the issuer or guarantor of the securities). Mortgage pass-through securities differ from other forms of debt securities which normally provide for periodic payment of interest in fixed amounts with principal payments at maturity or specified call dates. The Funds may also invest in Collateralized Mortgage Obligations (“CMOs”). CMOs are debt obligations collateralized by residential or commercial mortgage loans or residential or commercial mortgage pass-through securities. Interest and principal are generally paid monthly. CMOs may be collateralized by whole mortgage loans or private mortgage pass-through securities but are more typically collateralized by portfolios of mortgage pass-through securities guaranteed by the Government National Mortgage Association (Ginnie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or Federal National Mortgage Corporation (Fannie Mae). The issuer of a series of CMOs may elect to be treated for tax purposes as a Real Estate Mortgage Investment Conduit. CMOs are structured into multiple classes, each bearing a different stated maturity. Monthly payment of principal received from the pool of underlying mortgages, including prepayments, is first returned to investors holding the shortest maturity class. Investors holding the longer maturity classes usually receive principal only after shorter classes have been retired. An investor may be partially protected against a sooner than desired return of principal because of the sequential payments. The Funds may invest in stripped MBS. Stripped MBS are usually structured with two classes that receive different proportions of the interest and principal distributions on a pool of mortgage assets. In certain cases, one class will receive all of the interest (the interest only or “IO” class), while the other class will receive all of the principal (the principal only or “PO” class). The yield to maturity on IOs is sensitive to the rate of principal repayments (including prepayments) on the related underlying mortgage assets, and principal payments may have a material effect on yield to maturity. If the underlying mortgage assets experience greater than anticipated prepayments of principal, the Funds may not fully

recoup their initial investment in IOs. Mortgage-backed and other asset-backed securities held by the Funds at July 31, 2026 are listed in each Fund’s Schedule of Investments.

Inflation-Indexed Bonds: The Funds may invest in inflation-indexed bonds, which are fixed income securities whose principal value or coupon is periodically adjusted according to the rate of inflation. Any increase or decrease in the principal amount of an inflation-indexed bond will be included as interest income.

Inflation-indexed securities issued by the U.S. Treasury have maturities of five, ten, twenty, or thirty years, although it is possible that securities with other maturities will be issued in the future. The U.S. Treasury securities pay interest on a semi-annual basis, equal to a fixed percentage of the inflation-adjusted principal amount.

If the periodic adjustment rate measuring inflation falls, the principal value of inflation-indexed bonds will be adjusted downward, and consequently the interest payable on these securities (calculated with respect to a smaller principal amount) will be reduced. Repayment of the original bond principal upon maturity (as adjusted for inflation) is guaranteed in the case of U.S. Treasury inflation-indexed bonds, even during a period of deflation. However, the current market value of the bonds is not guaranteed, and will fluctuate. The Funds may also invest in other inflation-related bonds which may or may not provide a similar guarantee. If a guarantee of principal is not provided, the adjusted principal value of the bond repaid at maturity may be less than the original principal.

The value of inflation-indexed bonds is expected to change in response to changes in real interest rates. Real interest rates in turn are tied to the relationship between nominal interest rates and the rate of inflation. Therefore, if inflation were to rise at a faster rate than nominal interest rates, real interest rates might decline, leading to an increase in value of inflation-indexed bonds. In contrast, if nominal interest rates increased at a faster rate than inflation, real interest rates might rise, leading to a decrease in value of inflation-indexed bonds.

While the values of these securities are expected to be protected from long-term inflationary trends, short-term increases in inflation may lead to declines in values. If interest rates rise due to reasons other than inflation (for example, due to changes in currency exchange rates), investors in these securities may not be protected to the extent that the increase is not reflected in the bond’s inflation measure.

When-Issued, Delayed-Delivery, To Be Announced (“TBA”) and Forward Commitment Transactions: The Funds may enter into when-issued, delayed-delivery, TBA or forward commitment transactions in order to lock in the purchase price of the underlying security or to adjust the interest rate exposure of each Fund’s existing portfolio. In when-issued, delayed-delivery, TBA or forward commitment transactions, the Funds commit to purchase or sell particular securities, with payment and delivery to take place at a future date. Although the Funds do not pay for the securities or start earning interest on them until they are delivered, it immediately assumes the risks of ownership, including the risk of price fluctuation. If a Fund’s counterparty fails to deliver a security purchased on a when-issued, delayed-delivery, TBA or forward commitment basis, there may be a loss, and the Funds may have missed an opportunity to make an alternative investment.

Prior to settlement of these transactions, the value of the subject securities will fluctuate with market conditions. In addition, because the Funds are not required to pay for when-issued, delayed-delivery, TBA or forward commitment securities until the delivery date, they may result in a form of leverage to the extent the Funds do not set aside liquid assets to cover the commitment. To guard against this deemed leverage, the Funds monitors the obligations under these transactions on a daily basis and ensures that the Funds have sufficient liquid assets to cover them.

Dollar Roll Transactions: The Funds may enter into dollar roll transactions with financial institutions to take advantage of opportunities in the MBS market. A dollar roll transaction involves a simultaneous sale of securities by a Fund with an agreement to repurchase substantially similar securities at an agreed upon price and date, but generally will be collateralized at time of delivery by different pools of mortgages with different prepayment histories than those securities sold. These transactions are accounted for as financing transactions as opposed to sales and purchases. The differential between the sale price and the repurchase price is recorded as deferred income and recognized between the settlement dates of the sale and repurchase. During the period between the sale and repurchase, the Funds will not be entitled to receive interest and principal payments on the securities sold. Dollar roll transactions involve risk that the market value of the security sold by the Funds may decline below the repurchase price of the security and the counterparties may potentially be unable to complete the transaction. There were no such transactions by the Funds for the period ended July 31, 2026.

Repurchase Agreements: The Funds may enter into repurchase agreements under the terms of a Master Repurchase Agreement (“MRA”). In a repurchase agreement, the Funds purchase a security from a counterparty who agrees to repurchase the same security at a mutually agreed upon date and price. The MRA permits the Funds, under certain circumstances including an event of default (such as bankruptcy or insolvency), to offset payables and/or receivables under the MRA with collateral held and/or posted to the counterparty and create one single net payment due to or from the Funds. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of the MRA counterparty’s bankruptcy or insolvency. Pursuant to the terms of the MRA, the Funds receive securities as collateral with a market value in excess of the repurchase price. Upon a bankruptcy or insolvency of the MRA counterparty, the Funds recognize a liability with respect to such excess collateral to reflect a Fund’s obligation under bankruptcy law to return the excess to the counterparty. There were no repurchase agreements outstanding as of July 31, 2026.

Reverse Repurchase Agreements: The Funds may enter into reverse repurchase agreements. Under a reverse repurchase agreement, the Funds sell portfolio assets subject to an agreement by the Funds to repurchase the same assets at an agreed upon price and date. The Funds may utilize reverse repurchase agreements when it is anticipated that the interest income to be earned from the investment of the proceeds of the transaction is greater than the interest expense of the transaction. During the term of the reverse repurchase agreement, the Funds continue to receive the principal and interest payments on the securities sold. There were no reverse repurchase agreements outstanding during the period ended July 31, 2026.

Securities Lending: The Funds may lend their securities to qualified brokers. The loans must be collateralized at all times primarily with cash although the Funds can accept money market instruments or U.S. Government securities with a market value at least equal to the market value of the securities on loan. As with any extensions of credit, the Funds may bear the risk of delay in recovery or even loss of rights in the collateral if the borrowers of the securities fail financially. The Funds earn additional income for lending its securities by investing the cash collateral in short-term investments. The Funds did not lend any securities during the period ended July 31, 2026..

Derivatives:

Forward Currency Exchange Contracts: The Funds enter into forward currency exchange contracts as a hedge against fluctuations in foreign exchange rates. Forward currency exchange contracts are marked-to-market daily and the change in market value is recorded by the Funds as unrealized gains or losses in the Statement of Assets and Liabilities. When a contract is closed or delivery is taken, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of the foreign currency relative to the U.S. dollar. Outstanding forward currency exchange contracts at July 31, 2026 are disclosed in the Schedule of Investments.

Futures Contracts: The Funds may enter into futures contracts. The Funds may seek to manage a variety of different risks through the use of futures contracts, such as interest rate risk, equity price risk, and currency risk. The Funds may use index futures to hedge against broad market risks to its portfolio or to gain broad market exposure. Securities index futures contracts are contracts to buy or sell units of a securities index at a specified future date at a price agreed upon when the contract is made, and are settled in cash. Positions in futures may be closed out only on an exchange or board of trade which provides a secondary market for such futures. Because futures contracts are exchange-traded, they typically have minimal exposure to counterparty risk. Parties to a futures contract are not required to post the entire notional amount of the contract, but rather a small percentage of that amount (by way of margin), both at the time they enter into futures transactions, and then on a daily basis if their positions decline in value; as a result, futures contracts are highly leveraged. Such payments are known as variation margin and are recorded by the Funds as unrealized gains or losses. Because futures markets are highly leveraged, they can be extremely volatile, and there can be no assurance that the pricing of a futures contract will correlate precisely with the pricing of the asset or index underlying it or the asset or liability of the Funds that is the subject of the hedge. It may not always be possible for the Funds to enter into a closing transaction with respect to a futures contract it has entered into at a favorable time or price. When the Funds enter into a futures transaction, they are subject to the risk that the value of the futures contract will move in a direction unfavorable to it.

When the Funds use futures contracts for hedging purposes, it is likely that the Funds will have an asset or liability that will offset any loss (or gain) on the transactions, at least in part. When a futures contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. During the period ended July 31, 2026, the Funds utilized futures to help manage interest rate duration and credit market exposure. Futures contracts outstanding at July 31, 2026 are listed in each Fund’s Schedule of Investments.

Options: The Funds may purchase and sell put and call options on a security or an index of securities to enhance investment performance and/or to protect against changes in market prices. The Funds may also enter into currency options to hedge against or to take advantage of currency fluctuations.

A call option gives the holder the right to purchase, and obligates the writer to sell, a security at the strike price at any time before the expiration date. A put option gives the holder the right to sell, and obligates the writer to buy, a security at the exercise price at any time before the expiration date. The Funds may purchase put options to protect portfolio holdings against a decline in market value of a security or securities held by it. The Funds may also purchase a put option hoping to profit from an anticipated decline in the value of the underlying security. If the Funds hold the security underlying the option, the option premium and any transaction costs will reduce any profit the Funds might have realized had it sold the underlying security instead of buying the put option. The Funds may purchase call options to hedge against an increase in the price of securities that the Funds ultimately want to buy. The Funds may also purchase a call option as a long directional investment hoping to profit from an anticipated increase in the value of the underlying security. In order for a call option to be profitable, the market price of the underlying security must rise sufficiently above the exercise price to cover the premium and transaction costs. These costs will reduce any profit the Funds might have realized had it bought the underlying security at the time it purchased the call option.

Purchasing foreign currency options gives the Funds the right, but not the obligation, to buy or sell specified amounts of currency at a rate of exchange that may be exercised by a certain date. These currency options may be used as a short or long hedge against possible variations in foreign exchange rates or to gain exposure to foreign currencies.

When a Fund purchases an option, it runs the risk that it will lose its entire investment in the option in a relatively short period of time, unless a Fund exercises the option or enters into a closing sale transaction before the option’s expiration. If the price of the underlying security does not rise (in the case of a call) or fall (in the case of a put) to an extent sufficient to cover the option premium and transaction costs, a Fund will lose part or all of its investment in the option. Premiums paid for purchasing options that expire are treated as realized losses.

Options purchased or sold by the Funds may be traded on a securities or options exchange. Such options typically have minimal exposure to counterparty risk. However, an exchange or market may at times find it necessary to impose restrictions on particular types of options transactions, such as opening transactions. If an underlying security ceases to meet qualifications imposed by an exchange or the Options Clearing Corporation, new series of options on that security will no longer be opened to replace the expiring series, and opening transactions in existing series may be prohibited.

OTC options are options not traded on exchanges or backed by clearinghouses. Rather, they are entered into directly between the Funds and the counterparty to the option. In the case of an OTC option purchased by the Funds, the value of the option to the Funds will depend on the willingness and ability of the option writer to perform its obligations to the Funds. In addition, OTC options may not be transferable and there may be little or no secondary market for them, so they may be considered illiquid. It may not be possible to enter into closing transactions with respect to OTC options or otherwise to terminate such options, and as a result the Funds may be required to remain obligated on an unfavorable OTC option until its expiration.

Swap Agreements: The Funds may enter into swap agreements. Swap agreements are typically two-party contracts entered into primarily by institutional investors. In a standard “swap” transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments, which may be adjusted for an interest factor. The gross returns to be exchanged or “swapped” between the parties are generally calculated with respect to a “notional amount” (i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or in a “basket” of securities representing a particular index).

In a total return swap, one party typically agrees to pay to the other a short-term interest rate in return for a payment at one or more times in the future based on the increase in the value of an underlying security or other asset, or index of securities or assets; if the underlying security, asset, or index declines in value, the party that pays the short-term interest rate must also pay to its counterparty a payment based on the amount of the decline. The Funds may take either side of such a swap, and so may take a long or short position in the underlying security, asset, or index. The Funds may enter into a total return swap to hedge against an exposure in its portfolio — such as interest rate risk (including to adjust the duration or credit quality of the Fund’s bond portfolio), equity risk, or credit risk — or generally to put cash to work efficiently in the markets in anticipation of, or as a replacement for, cash investments. The Funds may also enter into a total return swap to gain exposure to securities or markets in which it might not be able to invest directly (in so-called market access transactions).

Interest rate swaps are agreements in which one party pays a floating rate of interest on a notional principal amount and receives a fixed rate of interest on the same notional principal amount for a specified period of time. Alternatively, a party may pay a fixed rate and receive a floating rate. In more complex swaps, the notional principal amount may decline (or amortize) over time. The Fund’s maximum risk of loss due to counterparty default is the discounted NAV of the cash flows paid to/received from the counterparty over the interest rate swap’s remaining life.

The Funds may write (sell) and purchase put and call swaptions. Swaption contracts written by the Funds represent an option that gives the purchaser the right, but not the obligation, to enter into a new swap agreement, or to shorten, extend, cancel or modify an existing swap agreement, on a future date on specified terms. See “Swap Agreements” below. Depending on the terms of the particular option agreement, the Funds will generally incur a greater degree of risk when it writes a swaption than it will incur when it purchases a swaption. When the Funds purchase a swaption, it risks losing only the amount of the premium it has paid should it decide to let the option expire unexercised. However, when the Funds write swaption, upon exercise of the option the Funds will become obligated according to the terms of the underlying agreement. During the period ended July 31, 2026, TCW Core Plus Bond ETF and TCW Flexible Income ETF entered into written swaptions.

The Funds may enter into credit default swap transactions as a “buyer” or “seller” of credit protection. In a credit default swap, one party provides what is in effect insurance against a default or other adverse credit event affecting an issuer of debt securities (typically referred to as a “reference entity”). In general, the buyer of credit protection is obligated to pay the protection seller an upfront amount or a periodic stream of payments over the term of the swap. If a “credit event” occurs, the buyer has the right to deliver to the seller bonds (or other obligations of the reference entity with a value up to the full notional value of the swap), and to receive a payment equal to the par value of the bonds or other obligations. Credit events that would trigger a request that the seller make payment are specific to each credit default swap agreement, but generally include bankruptcy, failure to pay, restructuring, obligation acceleration, obligation default, or repudiation/moratorium. When the Funds buy protection, they may or may not own securities of the reference entity. When the Funds sell protection under a credit default swap, the position may have the effect of creating leverage in the Fund’s portfolio through the Fund’s indirect long exposure to the issuer or securities on which the swap is written. When the Funds sell protection, they may do so either to earn additional income or to create such a “synthetic” long position.

Whenever the Funds enter into a swap agreement, it takes on counterparty risk — the risk that its counterparty will be unable or unwilling to meet its obligations under the swap agreement. The Funds also take the risk that the market will move against its position in the swap agreement. In the case of a total return swap, the swap will change in value depending on the change in value of the asset or index on which the swap is written. When the Funds enter into any type of swap for hedging purposes, it is likely that the Funds will have an asset or liability that will offset any loss (or gain) on the swap, at least in part. Swap agreements may be non-transferable or otherwise highly illiquid, and the Funds may not be able to terminate or transfer a swap agreement at any particular time or at an acceptable price.

During the term of a swap transaction, changes in the value of the swap are recognized as unrealized gains or losses by marking-to-market to reflect the market value of the swap. When the swap is terminated, the Funds will record a realized gain or loss equal to the difference, if any, between the proceeds from (or cost of) the closing transaction and the Fund’s basis in the agreement. Upfront swap premium payments paid or received by the Funds, if any, are recorded within the value of the open swap agreement on the Fund’s Statement of Assets and Liabilities and represent payments paid or received upon entering into the swap agreement to compensate for differences between stated terms of the swap agreement and prevailing market conditions (credit spreads, currency exchange rates, and

other relevant factors). These upfront payments are recorded as realized gains or losses on the Fund’s Statement of Operations upon termination or maturity of the swap agreement.

During the term of a swap transaction, the periodic net payments can be made for a set period of time or may be triggered by a predetermined credit event. The net periodic payments may be based on a fixed or variable interest rate, the change in market value of a specified security, basket of securities or index, or the return generated by a security. These periodic payments received or made by the Funds are recorded as realized gains and losses, respectively. During the period ended July 31, 2026, TCW Core Plus Bond ETF and TCW Flexible Income ETF entered into interest rate swaps.

Note 3 – Restricted Securities

The Funds are permitted to invest in securities that have legal or contractual restrictions on resale. These securities may be sold privately, but are required to be registered before being sold to the public (exemption rules apply). Private placement securities are generally considered to be restricted except for those securities traded between qualified institutional investors under the provisions of Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”). However, the Company considers 144A securities to be restricted if those securities have been deemed illiquid. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Restricted securities held by the Funds at July 31, 2026 are listed below:


	Acquisition		Acquisition		Aggregate		Percentage
Issuer Description	Date		Cost		Value		of Net Assets
TCW Core Plus Bond ETF
ModivCare, Inc., 0.00%, 10/01/29		05/18/23		$675,902		$13,167		0.01%

				$675,902		$13,167		0.01%


	Acquisition		Acquisition		Aggregate		Percentage
Issuer Description	Date		Cost		Value		of Net Assets
TCW Flexible Income ETF
COMM Mortgage Trust Series 2012-LC4, Class XB (I/O), 0.42%, 12/10/44		01/22/19		$13,640		$8		0.00%
COMM Mortgage Trust Series 2015-LC21, Class XE (I/O), 1.04%, 07/10/48		05/19/21		375,578		$100		0.00%
CoreVest American Finance Trust Series 2019-3, Class XA (I/O),1.99%,10/15/52		11/08/19		4,281		0		0.00%
ModivCare, Inc., 0.00%, 10/01/29		02/02/24		616,295		11,167		0.00%
Invesco CLO Ltd. Series 2021-2A, Class Y, 0.00%, 07/15/34		03/27/25		5		0		0.00%
Invesco U.S. CLO Ltd. Series 2024-4A, Class Y, 0.05%, 01/15/38		11/25/24		0		0		0.00%
JPMorgan Chase Commercial Mortgage Securities Trust Series 2012-CBX, Class XB (I/O), 0.51%, 06/15/45		02/18/21		617,123		469		0.00%
Morgan Stanley Bank of America Merrill Lynch Trust Series 2012-C5, Class XC (I/O), 0.14%, 08/15/45		04/14/20		48,278		170		0.00%
New Mountain CLO 8 Ltd. Series CLO-8A, Class M, 0.10%, 10/20/38		09/16/25		40		0		0.00%
WFRBS Commercial Mortgage Trust Series 2012-C10, Class XB (I/O), 0.32%, 12/15/45		04/21/20		384,748		376		0.00%

				$2,059,988		$12,290		0.00%


	Acquisition		Acquisition		Aggregate		Percentage
Issuer Description	Date		Cost		Value		of Net Assets
TCW High Yield Bond ETF
ModivCare, Inc., 0.00%, 10/01/29		05/18/23		$175,965		$3,150		0.01%

				$175,965		$3,150		0.01%


	Acquisition		Acquisition		Aggregate		Percentage
Issuer Description	Date		Cost		Value		of Net Assets
TCW Multisector Credit Income ETF
ModivCare, Inc., 0.00%, 10/01/29		11/15/24		$186,818		$3,874		0.01%

				$186,818		$3,874		0.01%

Note 4 – Commitments and Contingencies

The following Funds had unfunded commitments and unrealized gain (loss) by investment as of July 31, 2026:


TCW Core Plus Bond ETF

UNFUNDED COMMITMENTS	MATURITY			AMOUNT			UNREALIZED GAIN (LOSS)
GC Ferry Acquisition I, Inc., Delayed Draw Term Loan		08/16/32	$		17,507	$		27
PMI (Us) Bidco, Inc., Delayed Draw Term Loan		03/16/33			20,690			155
Secretariat Advisors, LLC, 2025 Delayed Draw Term Loan		02/28/32			6,225			(228	)
					44,422			(46	)


TCW Flexible Income ETF

UNFUNDED COMMITMENTS	MATURITY			AMOUNT			UNREALIZED GAIN (LOSS)
American Rock Salt Company LLC, 2024 First Out Delayed Draw Term Loan		06/09/28	$		47,311	$		483
GC Ferry Acquisition I Inc., Delayed Draw Term Loan		08/16/32			232,959			358
Liquid Tech Solutions LLC, 2025 Delayed Draw Term Loan		10/12/32			100,310			(376	)
PMI (Us) Bidco, Inc., Delayed Draw Term Loan		03/16/33			206,897			1,552
Secretariat Advisors, LLC, 2025 Delayed Draw Term Loan		02/28/32			109,827			(4,027	)
Trilon Group, LLC, 2026 Delayed Draw Term Loan		06/13/33			51,918			32
US Fertility Enterprises LLC, 2025 Delayed Draw Term Loan		12/30/32			72,631			385
					821,853			(1,593	)


TCW Multisector Credit Income ETF

UNFUNDED COMMITMENTS	MATURITY			AMOUNT			UNREALIZED GAIN (LOSS)
Air Comm Corporation, LLC, 2025 Delayed Draw Term Loan		12/11/31	$		8,333	$		(5	)
GC Ferry Acquisition I Inc., Delayed Draw Term Loan		08/16/32			18,229			28
Trilon Group, LLC, 2026 Delayed Draw Term Loan		06/13/33			10,384			6
					36,946			29


TCW Senior Loan ETF

UNFUNDED COMMITMENTS	MATURITY			AMOUNT			UNREALIZED GAIN (LOSS)
Air Comm Corporation, LLC, 2025 Delayed Draw Term Loan		12/11/31	$		11,735	$		(7	)
American Rock Salt Company LLC, 2024 First Out Delayed Draw Term Loan		06/09/28			140,786			1,437
GC Ferry Acquisition I Inc., Delayed Draw Term Loan		08/16/32			72,917			112
Liquid Tech Solutions LLC, 2025 Delayed Draw Term Loan		10/12/32			50,155			(188	)
PMI (Us) Bidco, Inc., Delayed Draw Term Loan		03/16/33			143,744			1,078
Splat Super Holdco, LLC, 2025 Delayed Draw Term Loan		07/02/32			53,976			(2,240	)
Trilon Group, LLC, 2026 Delayed Draw Term Loan		06/13/33			36,087			23
US Fertility Enterprises LLC, 2025 Delayed Draw Term Loan		12/30/32			26,585			141
					535,985			356


Name of Affiliated Fund	Value at October 31, 2025		Purchases at Cost		Proceeds from Sales		Number of Shares Held July 31, 2026		Value at July 31, 2026		Dividends and Interest Income Received		Distributions Received from Net Realized Gain		Net Realized Gain (Loss) on Investments		Net change in Unrealized Gain (Loss) on Investments

TCW Central Cash Fund	$	8,123,243	$	245,250,001	$	249,900,000		3,473,243	$	3,473,244	$	190,337	$	-	$	-	$	-


Total									$	3,473,244	$	190,337	$	-	$	-	$	-


Name of Affiliated Fund	Value at November 1, 2025		Purchases at Cost		Proceeds from Sales		Number of Shares Held July 31, 2026		Value at July 31, 2026		Dividends and Interest Income Received		Distributions Received from Net Realized Gain		Net Realized Gain (Loss) on Investments			Net change in Unrealized Gain (Loss) on Investments

TCW Central Cash Fund	$	16,629,548	$	274,128,577	$	277,200,000		13,558,125	$	13,558,125	$	468,761	$	–	$	–		$	–

TCW Private Asset Income Fund - Share Class I		3,399,555		228,333		6,423		361,835		3,614,737		223,624				(19	)		(6,709	)


Total									$	17,172,862	$	692,385	$	–	$	(19	)	$	(6,709	)


Name of Affiliated Fund	Value at October 31, 2025		Purchases at Cost		Proceeds from Sales		Number of Shares Held July 31, 2026		Value at July 31, 2026		Dividends and Interest Income Received		Distributions Received from Net Realized Gain		Net Realized Gain (Loss) on Investments		Net change in Unrealized Gain (Loss) on Investments

TCW Central Cash Fund	$	662,635	$	22,759,000	$	22,650,000		771,635	$	771,635	$	45,108	$	-	$	-	$	-

Total									$	771,635	$	45,108	$	-	$	-	$	-