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MWCIX Metropolitan West Unconstrained Bd I

  • Fund
  • MWCIX
  • Price as of: Sep 20, 2017
  • $11.98
  • - $0.01
  • - 0.08%
  • Category
  • Total Bond Market

MWCIX - Profile

Vitals

  • YTD Return 1.4%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $3.7 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$11.98
$11.79
$12.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Nontraditional Bond

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.46%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Metropolitan West Unconstrained Bond Fund
  • Fund Family Name Metropolitan West Funds
  • Inception Date Sep 30, 2011
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Bryan T. Whalen

MWCIX - Performance

Return Ranking - Trailing

Period MWCIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -19.6% 23.1% 36.37% 3
1 Yr 3.8% -15.5% 18.5% 19.01% 1
3 Yr 2.5% * -6.1% 8.7% 32.00% 2
5 Yr 3.6% * -2.4% 13.6% 11.22% 1
10 Yr N/A * -1.3% 10.1% N/A N/A

* Annualized

Return Ranking - Calendar

Period MWCIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.9% -10.9% 192.8% 25.72% 2
2015 -1.8% -33.0% 4.2% 20.62% 2
2014 1.4% -9.3% 14.9% 26.35% 2
2013 0.2% -24.1% 40.4% 7.31% 1
2012 9.7% -100.0% 18.7% 1.15% 1

Total Return Ranking - Trailing

Period MWCIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.4% -19.6% 23.1% 36.41% 3
1 Yr 3.8% -15.5% 18.5% 15.16% 1
3 Yr 2.5% * -7.0% 8.7% 28.28% 2
5 Yr 3.6% * -2.8% 13.6% 9.96% 1
10 Yr N/A * -1.3% 10.1% N/A N/A

* Annualized

Total Return Ranking - Calendar

Period MWCIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 0.9% -9.5% 195.3% 37.34% 3
2015 -1.8% -32.5% 7.4% 41.27% 3
2014 1.4% -8.3% 16.8% 44.64% 3
2013 0.3% -12.9% 58.5% 15.59% 1
2012 10.8% -100.0% 35.2% 9.69% 1

NAV & Total Return History

MWCIX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

MWCIX Category Low Category High MWCIX % Rank Quintile
Net Assets 3.7 B 319 K 189 B 6.51% 2
Number of Holdings 917 1 17352 6.61% 2
Net Assets in Top 10 126 M -36 B 31.4 B 14.95% 3
Weighting of Top 10 11.5% 0.0% 1168.9% 28.33% 5

Top 10 Holdings

  1. Us 5yr Note (Cbt) Sep17 2.73%
  2. Us 10yr Note (Cbt)sep17 2.09%
  3. Us Ultra Bond Cbt Sep17 1.84%
  4. US Treasury Note 1.75% 1.04%
  5. FNMA CMO 0.71%
  6. FHLMC CMO 0.63%
  7. US Treasury Note 0.75% 0.62%
  8. Comm Mtg Tr 2013-Lc13 CMO 3.009% 0.59%
  9. Morgan Stanley 0.03% 0.64%
  10. Goldman Sachs Grp 5.95% 0.59%

Asset Allocation

Weighting Category Low Category High MWCIX % Rank Quintile
Bonds 		92.59% -175.98% 562.01% 14.95% 3
Cash 		6.03% -461.99% 275.92% 13.58% 2
Other 		1.38% -24.51% 99.99% 9.56% 2
Stocks 		0.00% -3.75% 97.71% 5.75% 3
Preferred Stocks 		0.00% -0.56% 16.37% 7.32% 4
Convertible Bonds 		0.00% 0.00% 13.10% 6.56% 4

Bond Sector Breakdown

Weighting Category Low Category High MWCIX % Rank Quintile
Securitized 		57.70% 0.00% 118.59% 2.59% 1
Corporate 		31.49% 0.00% 221.70% 19.63% 3
Cash & Equivalents 		5.99% -462.00% 275.92% 13.94% 3
Government 		2.44% -389.49% 503.27% 26.55% 5
Municipal 		0.96% 0.00% 97.96% 9.26% 2
Derivative 		0.04% -64.42% 83.22% 2.75% 1

Bond Geographic Breakdown

Weighting Category Low Category High MWCIX % Rank Quintile
US 		85.20% -482.62% 500.82% 10.94% 2
Non US 		7.39% -124.80% 530.33% 21.16% 4

MWCIX - Expenses

Operational Fees

MWCIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.73% 0.00% 32.76% 10.64% 2
Management Fee 0.65% 0.00% 2.15% 1.58% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

MWCIX Fees (% of AUM) Category Low Category High MWCIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

MWCIX Fees (% of AUM) Category Low Category High MWCIX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover 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.

MWCIX Fees (% of AUM) Category Low Category High MWCIX Rank Quintile
Turnover 33.00% 0.00% 1711.00% 15.88% 1

MWCIX - Distributions

Dividend Yield Analysis

MWCIX Category Low Category High MWCIX % Rank Quintile
Dividend Yield N/A 0.00% 1.38% N/A N/A

Dividend Distribution Analysis

MWCIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

MWCIX Category Low Category High MWCIX % Rank Quintile
Net Income Ratio 2.46% -1.56% 9.28% 11.50% 2

Capital Gain Distribution Analysis

MWCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MWCIX - Managers

Bryan T. Whalen

Manager

Start Date

Sep 30, 2011

Tenure

5.92

Tenure Rank

5.2%

Bryan T. Whalen, CFA Group Managing Director U.S. Fixed Income Mr. Whalen is a Generalist Portfolio Manager in the U.S. Fixed Income Group. Mr. Whalen joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest) as co-head of the Securitized Products division. Prior to joining TCW, Mr. Whalen was a partner and co-head of MetWest's Securitized Products division. Prior to joining MetWest in 2004, he was a director in the fixed income department at Credit Suisse First Boston in New York. Previously, he was a vice president at Donaldson, Lufkin & Jenrette. Mr. Whalen earned a BA in Economics from Yale University. He is a CFA charterholder.

Tad Rivelle

Manager

Start Date

Sep 30, 2011

Tenure

5.92

Tenure Rank

5.2%

Tad Rivelle Group Managing Director Chief Investment Officer–Fixed Income Co-Director Fixed Income Tad Rivelle is Chief Investment Officer, Fixed Income, overseeing more than $160 billion in U.S. fixed income assets, including over $90 billion of U.S. fixed income mutual fund assets under the TCW Funds and MetWest Funds brands. Prior to joining TCW, Tad served as Chief Investment Officer for MetWest, an independent institutional investment manager that he cofounded. The MetWest investment team has been recognized for a number of performance related awards, including Morningstar’s Fixed Income Manager of the Year. Mr. Rivelle was also the co-director of fixed income at Hotchkis & Wiley and a portfolio manager at PIMCO. Tad holds a BS in Physics from Yale University, an MS in Applied Mathematics from University of Southern California, and an MBA from the UCLA Anderson School of Management.

Laird R. Landmann

Manager

Start Date

Sep 30, 2011

Tenure

5.92

Tenure Rank

5.2%

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. Mr. Landmann currently co-manages many of TCW and MetWest’s mutual funds, including the MetWest Total Return Bond Fund, the MetWest High Yield Bond Fund and the TCW Core Fixed Income Fund, and leads the fixed income group’s risk management efforts. 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 M. Kane

Manager

Start Date

Sep 30, 2011

Tenure

5.92

Tenure Rank

5.2%

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.

Tenure Analysis

Category Low

0.0

Category High

28.7

Category Average

6.38

Category Mode

2.7

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