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Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

METROPOLITAN WEST HIGH YIELD BOND FUND

MWHIX | Fund

$9.27

$469 M

6.79%

$0.63

0.63%

Vitals

YTD Return

6.6%

1 yr return

6.8%

3 Yr Avg Return

1.6%

5 Yr Avg Return

4.0%

Net Assets

$469 M

Holdings in Top 10

13.3%

52 WEEK LOW AND HIGH

$9.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 117.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

METROPOLITAN WEST HIGH YIELD BOND FUND

MWHIX | Fund

$9.27

$469 M

6.79%

$0.63

0.63%

MWHIX - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return 4.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.88%
DIVIDENDS
  • Dividend Yield 6.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    METROPOLITAN WEST HIGH YIELD BOND FUND
  • Fund Family Name
    TCW Family of Investment Companies
  • Inception Date
    Mar 31, 2003
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Laird Landmann

Fund Description

The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in high yield bonds (commonly known as “junk bonds”), which are bonds rated below investment grade or unrated bonds determined by the Adviser to be of comparable quality. The remainder of the Fund’s net assets may be invested in investment grade securities rated by one of the nationally recognized statistical rating organizations or, if unrated, determined by the Adviser to be of comparable quality.
Under normal circumstances, the Fund’s portfolio duration is two to eight years and the Fund’s dollar-weighted average maturity ranges from two to fifteen years. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security to changes in interest rates. The Fund invests in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments. The Adviser focuses the Fund’s portfolio holdings in areas of the bond market that the Adviser believes to be relatively undervalued, based on its analysis of quality, sector, coupon or maturity, and that the
Adviser believes offer attractive prospective risk-adjusted returns compared to other segments of the bond market. The Fund may invest up to 25% of its assets in foreign securities that are denominated in U.S. dollars. The Fund may invest up to 15% of its assets in securities of foreign issuers that are not denominated in U.S. dollars. The Fund may invest up to 10% of its assets in emerging market securities.
The Fund’s investments include various types of bonds and debt securities, including corporate bonds, mezzanine investments, swaps (including credit default swaps), currency futures and options, bank loans, preferred stock, mortgage-related and asset-backed securities (including collateralized debt obligations, which in turn include collateralized bond obligations and collateralized loan obligations), foreign securities, U.S. Treasuries and agency securities, private placements, defaulted debt securities and restricted securities, cash and cash equivalents; and common stocks or other equity securities, such as warrants. The Fund’s fixed income investments may have interest rates that are fixed, variable or floating.
Derivatives are used in an effort to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques such as reverse repurchase agreements. The Fund may normally borrow or short sell up to 33 1/3% of the value of its total assets. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
Read More

MWHIX - Performance

Return Ranking - Trailing

Period MWHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -8.8% 17.7% 71.95%
1 Yr 6.8% -9.2% 18.4% 73.76%
3 Yr 1.6%* -14.6% 21.0% 75.97%
5 Yr 4.0%* -12.0% 36.6% 28.44%
10 Yr 4.3%* -4.8% 20.1% 39.24%

* Annualized

Return Ranking - Calendar

Period MWHIX Return Category Return Low Category Return High Rank in Category (%)
2023 3.9% -4.7% 14.3% 79.61%
2022 -15.9% -33.4% 3.6% 56.81%
2021 -0.1% -8.4% 8.2% 54.31%
2020 7.4% -13.2% 302.7% 2.84%
2019 7.7% -4.4% 13.3% 56.20%

Total Return Ranking - Trailing

Period MWHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -8.8% 17.7% 71.95%
1 Yr 6.8% -9.2% 18.4% 73.76%
3 Yr 1.6%* -14.6% 21.0% 75.97%
5 Yr 4.0%* -12.0% 36.6% 28.44%
10 Yr 4.3%* -4.8% 20.1% 39.24%

* Annualized

Total Return Ranking - Calendar

Period MWHIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% -4.7% 18.7% 65.46%
2022 -10.9% -33.4% 47.8% 55.65%
2021 3.9% -8.4% 12.4% 75.86%
2020 12.1% -9.6% 325.6% 2.13%
2019 13.0% -3.8% 21.6% 62.04%

NAV & Total Return History

MWHIX - Holdings

Concentration Analysis

MWHIX Category Low Category High MWHIX % Rank
Net Assets 469 M 3.13 M 25.3 B 54.59%
Number of Holdings 303 2 3879 62.27%
Net Assets in Top 10 63.3 M -492 M 5.25 B 61.12%
Weighting of Top 10 13.34% 4.2% 146.0% 52.06%

Top 10 Holdings

  1. Centene Corp 1.69%
  2. Tenet Healthcare Corp 1.68%
  3. CCO Holdings LLC / CCO Holdings Capital Corp 1.59%
  4. TransDigm Inc 1.43%
  5. Ford Motor Credit Co LLC 1.28%
  6. VICI Properties LP 1.20%
  7. CSC Holdings LLC 1.20%
  8. Pilgrim's Pride Corp 1.19%
  9. Ball Corp 1.05%
  10. Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp 1.02%

Asset Allocation

Weighting Return Low Return High MWHIX % Rank
Bonds 		90.70% 0.00% 145.36% 83.77%
Cash 		8.85% -52.00% 48.02% 12.52%
Convertible Bonds 		0.59% 0.00% 17.89% 70.84%
Stocks 		0.50% 0.00% 97.54% 44.10%
Preferred Stocks 		0.00% 0.00% 4.97% 53.54%
Other 		-0.05% -39.08% 99.86% 92.59%

Stock Sector Breakdown

Weighting Return Low Return High MWHIX % Rank
Utilities 		0.00% 0.00% 100.00% 34.15%
Technology 		0.00% 0.00% 33.17% 33.40%
Real Estate 		0.00% 0.00% 86.71% 23.08%
Industrials 		0.00% 0.00% 93.12% 42.78%
Healthcare 		0.00% 0.00% 22.17% 32.46%
Financial Services 		0.00% 0.00% 100.00% 39.77%
Energy 		0.00% 0.00% 100.00% 1.31%
Communication Services 		0.00% 0.00% 99.99% 52.91%
Consumer Defense 		0.00% 0.00% 100.00% 28.52%
Consumer Cyclical 		0.00% 0.00% 100.00% 40.53%
Basic Materials 		0.00% 0.00% 100.00% 44.28%

Stock Geographic Breakdown

Weighting Return Low Return High MWHIX % Rank
US 		0.50% 0.00% 97.54% 43.66%
Non US 		0.00% -0.01% 2.00% 33.61%

Bond Sector Breakdown

Weighting Return Low Return High MWHIX % Rank
Corporate 		89.91% 0.00% 100.00% 81.02%
Cash & Equivalents 		0.41% 0.00% 48.02% 84.84%
Securitized 		0.32% 0.00% 97.24% 30.86%
Government 		0.11% 0.00% 99.07% 26.90%
Municipal 		0.00% 0.00% 1.17% 22.44%
Derivative 		-0.05% -14.58% 42.26% 92.75%

Bond Geographic Breakdown

Weighting Return Low Return High MWHIX % Rank
US 		88.11% 0.00% 126.57% 76.11%
Non US 		2.59% 0.00% 96.91% 23.06%

MWHIX - Expenses

Operational Fees

MWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.02% 38.33% 82.07%
Management Fee 0.50% 0.00% 1.75% 30.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

MWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MWHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 117.00% 1.00% 255.00% 92.45%

MWHIX - Distributions

Dividend Yield Analysis

MWHIX Category Low Category High MWHIX % Rank
Dividend Yield 6.79% 0.00% 11.76% 22.26%

Dividend Distribution Analysis

MWHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

MWHIX Category Low Category High MWHIX % Rank
Net Income Ratio 3.88% -2.39% 9.30% 75.17%

Capital Gain Distribution Analysis

MWHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MWHIX - Fund Manager Analysis

Managers

Laird Landmann

Start Date

Tenure

Tenure Rank

Sep 30, 2002

19.68

19.7%

Laird R. Landmann Group Managing Director Co-Director Fixed Income U.S. Fixed Income Mr. Landmann is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). Mr. Landmann currently serves on the boards of the Trust Company of the West and the Metropolitan West Mutual Funds. He is a leader of the MetWest investment team that was recognized as Morningstar's Fixed Income Manager of the Year for 2005 and has been nominated for the award eight times. Prior to founding MetWest in 1996, Mr. Landmann was a principal and the co-director of fixed income at Hotchkis and Wiley. He also served as a portfolio manager and vice president at PIMCO. Mr. Landmann holds an AB in Economics from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

Stephen Kane

Start Date

Tenure

Tenure Rank

Sep 30, 2002

19.68

19.7%

Stephen M. Kane, CFA Group Managing Director U.S. Fixed Income Mr. Kane is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). At MetWest, Mr. Kane was responsible for leading MetWest's AlphaTrak, Ultra Short and Liability Driven Investment (LDI) products, and he co-manages many of the firm's mutual funds. Under his co-leadership, the MetWest investment team was recognized as Morningstar's Fixed Income Manager of the Year for 2005. Prior to establishing MetWest, he was a fixed income portfolio manager at Hotchkis and Wiley. He also served as a Vice President at PIMCO. Mr. Kane earned a BS in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.

Jerry Cudzil

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Jerry Cudzil is a Managing Director of the Metropolitan West Asset Management, LLC, has been with the Metropolitan West Asset Management, LLC since May, 2012. From June, 2004, until May 2010, Mr. Cudzil was a portfolio manager for Dimaio Ahman Capital. From May, 2010 until May, 2011, Mr. Cudzil was a high yield bond trader with Morgan Stanley & Co., and from September, 2011 until May, 2012, he was a high yield bond trader with Deutsche Bank.

Steven Purdy

Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Managing Director of Metropolitan West Asset Management since March 2016. Prior to joining Metropolitan, Mr. Purdy was a Managing Director at TPG Capital and Goldman Sachs. Mr. Purdy manages the High Yield Bond Fund.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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