New York Stock Exchange · ETF
Invest in HYBX ETF from India
Indian and foreign residents can buy TCW High Yield Bond ETF (HYBX) units directly through Paasa.
By Paasa · Updated
HYBX at a glance
- Price
- $28.84-$0.12 (0.41%)
- Expense ratio
- 0.5%
- Day range
- $28.84 – $28.90
- Assets
- $28.1M
- Domicile
- the US
- Holdings
- 255
- Launched
- 1989
- Dividends
- Distributing
- 1 month
- -3.12%
- 6 months
- -2.80%
- YTD
- -3.29%
- 1 year
- -5.91%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST5.8%
- 21261229 BC LTD SR SECURED 144A 04/32 101.2%
- 3EQUIPMENTSHARE.COM INC SECURED 144A 07/34 7.1251.1%
- 4CLOUD SOFTWARE GRP LLC SR SECURED 144A 06/32 8.251.1%
- 5DISCOVERY HOLDINGS INC COMPANY GUAR 03/42 5.051.0%
- 6SUNOCO LP JR SUBORDINA 144A 12/99 VAR0.9%
- 7ECHOSTAR CORP SR SECURED 11/29 10.750.9%
- 8GFL ENVIRONMENTAL INC COMPANY GUAR 144A 08/28 40.9%
- 9ALLIANT ENERGY CORP JR SUBORDINA 04/56 VAR0.9%
- 10CENTERPOINT ENERGY INC JR SUBORDINA 04/56 VAR0.9%
HYBX holds 255 securities in total. These 10 are 14.7% of the fund.
Where the money is invested
Countries
- United States80.1%
- Other9.2%
- Canada2.4%
- Netherlands1.3%
- Italy1.1%
- United Kingdom1.1%
How to invest in HYBX from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search HYBX and buy
Find the fund by its ticker, HYBX, on the New York Stock Exchange, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in HYBX from India
What HYBX holds
The TCW High Yield Bond ETF is engineered to deliver substantial income alongside robust total returns. A key focus is to concurrently minimize credit defaults and market volatility, aiming for levels significantly below those typically observed across the wider high-yield fixed income sector.
Hold a dollar asset
HYBX is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one HYBX unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy HYBX from India?
Yes. Indian residents can buy TCW High Yield Bond ETF (HYBX) through Paasa. It is listed on the New York Stock Exchange and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does HYBX invest in?
TCW High Yield Bond ETF holds 255 securities. Its largest holdings are TCW CENTRAL CASH FUND TCW CENTRAL CASH FUND INST (5.8%), 1261229 BC LTD SR SECURED 144A 04/32 10 (1.2%) and EQUIPMENTSHARE.COM INC SECURED 144A 07/34 7.125 (1.1%). It is a distributing fund domiciled in the US.
What is the expense ratio of HYBX?
TCW High Yield Bond ETF has an expense ratio of 0.5% a year, taken from the fund's assets rather than billed to you. The fund manages about $28.1M.
How are HYBX dividends taxed in India?
TCW High Yield Bond ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell HYBX?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one HYBX unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $28.84, and there is no minimum trade size.
What happens to my HYBX units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.