The TCW Transform Supply Chain ETF operates as an actively managed exchange-traded fund. It seeks exposure to a dynamic range of equity securities, including U.S.-listed stocks, American Depositary Receipts (ADRs), and publicly traded companies in both developed and emerging international markets. The composition of these holdings may shift over time, adapting to evolving market conditions and investment prospects. To facilitate transactions involving equities denominated in foreign currencies, the fund has the flexibility to engage in immediate currency exchanges (spot transactions). Additionally, it may utilize derivative instruments, such as currency futures or forward contracts, or other futures, primarily to mitigate potential risks associated with foreign currency exposure. Investors should note that this fund is categorized as non-diversified.