Metropolitan West Floating Rate Income Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.1%
1 yr return
10.7%
3 Yr Avg Return
4.6%
5 Yr Avg Return
4.3%
Net Assets
$305 M
Holdings in Top 10
9.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.71%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 49.00%
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 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MWFLX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 4.6%
- 5 Yr Annualized Total Return 4.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.32%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMetropolitan West Floating Rate Income Fund
-
Fund Family NameMetWest Funds
-
Inception DateJun 28, 2013
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJerry Cudzil
Fund Description
MWFLX - Performance
Return Ranking - Trailing
Period | MWFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.4% | 4.8% | 7.60% |
1 Yr | 10.7% | -6.1% | 21.5% | 33.46% |
3 Yr | 4.6%* | -5.8% | 7.3% | 43.60% |
5 Yr | 4.3%* | -7.2% | 37.3% | 25.53% |
10 Yr | 3.8%* | -2.0% | 19.3% | 18.64% |
* Annualized
Return Ranking - Calendar
Period | MWFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.8% | -12.0% | 17.3% | 57.03% |
2022 | -7.5% | -22.9% | 5.1% | 54.69% |
2021 | 0.3% | -12.2% | 12.0% | 88.00% |
2020 | -0.3% | -14.1% | 289.8% | 5.02% |
2019 | 2.6% | -8.1% | 14.6% | 55.84% |
Total Return Ranking - Trailing
Period | MWFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.4% | 4.8% | 7.60% |
1 Yr | 10.7% | -6.1% | 21.5% | 33.46% |
3 Yr | 4.6%* | -5.8% | 7.3% | 43.60% |
5 Yr | 4.3%* | -7.2% | 37.3% | 25.53% |
10 Yr | 3.8%* | -2.0% | 19.3% | 18.64% |
* Annualized
Total Return Ranking - Calendar
Period | MWFLX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -12.0% | 30.3% | 35.74% |
2022 | -2.3% | -22.9% | 5.1% | 49.61% |
2021 | 3.8% | -10.2% | 19.4% | 75.20% |
2020 | 3.7% | -14.1% | 306.9% | 9.62% |
2019 | 7.9% | -3.6% | 23.8% | 45.45% |
NAV & Total Return History
MWFLX - Holdings
Concentration Analysis
MWFLX | Category Low | Category High | MWFLX % Rank | |
---|---|---|---|---|
Net Assets | 305 M | 29.9 M | 13.5 B | 67.91% |
Number of Holdings | 362 | 2 | 1605 | 42.28% |
Net Assets in Top 10 | 29.5 M | -191 M | 2.48 B | 76.84% |
Weighting of Top 10 | 9.31% | 5.2% | 100.8% | 86.35% |
Top 10 Holdings
- MSILF Government Portfolio 2.99%
- EagleView Technology Corp 0.82%
- AAdvantage Loyalty IP Ltd 0.80%
- Bausch + Lomb Corp 0.79%
- DELTA 2 LUX SARL 0.70%
- Sunshine Luxembourg VII Sarl 0.70%
- Premise Health Holding Corp 0.65%
- Phoenix Newco Inc 0.62%
- Option Care Health Inc 0.62%
- Certara Holdco Inc 0.62%
Asset Allocation
Weighting | Return Low | Return High | MWFLX % Rank | |
---|---|---|---|---|
Bonds | 94.03% | 0.00% | 161.82% | 56.99% |
Cash | 5.88% | -61.90% | 18.85% | 40.07% |
Stocks | 0.09% | 0.00% | 100.78% | 81.62% |
Preferred Stocks | 0.00% | -3.99% | 6.42% | 81.99% |
Other | 0.00% | -52.39% | 26.58% | 80.88% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 82.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MWFLX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 59.38% |
Technology | 0.00% | 0.00% | 100.00% | 59.82% |
Real Estate | 0.00% | 0.00% | 48.61% | 54.91% |
Industrials | 0.00% | 0.00% | 100.00% | 69.20% |
Healthcare | 0.00% | 0.00% | 100.00% | 57.59% |
Financial Services | 0.00% | 0.00% | 89.61% | 57.14% |
Energy | 0.00% | 0.00% | 100.00% | 77.23% |
Communication Services | 0.00% | 0.00% | 100.00% | 74.11% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 56.70% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 37.95% |
Basic Materials | 0.00% | 0.00% | 1.36% | 66.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MWFLX % Rank | |
---|---|---|---|---|
US | 0.09% | -0.01% | 100.78% | 79.78% |
Non US | 0.00% | 0.00% | 0.68% | 78.68% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MWFLX % Rank | |
---|---|---|---|---|
Corporate | 95.20% | 0.00% | 141.23% | 25.93% |
Cash & Equivalents | 3.26% | 0.00% | 25.03% | 61.03% |
Derivative | 0.00% | -8.79% | 1.12% | 76.84% |
Securitized | 0.00% | 0.00% | 91.68% | 85.19% |
Municipal | 0.00% | 0.00% | 0.47% | 74.44% |
Government | 0.00% | 0.00% | 3.18% | 78.15% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MWFLX % Rank | |
---|---|---|---|---|
US | 94.03% | 0.00% | 144.71% | 39.71% |
Non US | 0.00% | 0.00% | 63.23% | 88.60% |
MWFLX - Expenses
Operational Fees
MWFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.71% | 0.03% | 12.26% | 89.42% |
Management Fee | 0.55% | 0.00% | 1.89% | 23.30% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
MWFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
MWFLX 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.
MWFLX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 49.00% | 4.00% | 180.00% | 38.91% |
MWFLX - Distributions
Dividend Yield Analysis
MWFLX | Category Low | Category High | MWFLX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 11.09% | 33.93% |
Dividend Distribution Analysis
MWFLX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MWFLX | Category Low | Category High | MWFLX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.32% | 1.77% | 9.82% | 65.92% |
Capital Gain Distribution Analysis
MWFLX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.071 | OrdinaryDividend |
Feb 29, 2024 | $0.072 | DailyAccrualFund |
Jan 31, 2024 | $0.069 | DailyAccrualFund |
Dec 29, 2023 | $0.071 | DailyAccrualFund |
Nov 30, 2023 | $0.068 | DailyAccrualFund |
Oct 31, 2023 | $0.070 | DailyAccrualFund |
Sep 29, 2023 | $0.068 | DailyAccrualFund |
Aug 31, 2023 | $0.072 | DailyAccrualFund |
Jul 31, 2023 | $0.071 | DailyAccrualFund |
Jun 30, 2023 | $0.066 | DailyAccrualFund |
May 31, 2023 | $0.069 | DailyAccrualFund |
Apr 28, 2023 | $0.066 | DailyAccrualFund |
Mar 31, 2023 | $0.063 | DailyAccrualFund |
Feb 28, 2023 | $0.062 | DailyAccrualFund |
Jan 31, 2023 | $0.066 | DailyAccrualFund |
Dec 30, 2022 | $0.060 | DailyAccrualFund |
Nov 30, 2022 | $0.056 | DailyAccrualFund |
Oct 31, 2022 | $0.055 | DailyAccrualFund |
Sep 30, 2022 | $0.044 | DailyAccrualFund |
Aug 31, 2022 | $0.049 | DailyAccrualFund |
Jul 29, 2022 | $0.042 | DailyAccrualFund |
Jun 30, 2022 | $0.036 | DailyAccrualFund |
May 31, 2022 | $0.034 | DailyAccrualFund |
Apr 29, 2022 | $0.031 | DailyAccrualFund |
Mar 31, 2022 | $0.032 | DailyAccrualFund |
Jan 31, 2022 | $0.030 | DailyAccrualFund |
Dec 31, 2021 | $0.029 | DailyAccrualFund |
Nov 30, 2021 | $0.027 | DailyAccrualFund |
Oct 29, 2021 | $0.027 | DailyAccrualFund |
Sep 30, 2021 | $0.026 | DailyAccrualFund |
Aug 31, 2021 | $0.026 | DailyAccrualFund |
Jul 30, 2021 | $0.027 | DailyAccrualFund |
Jun 30, 2021 | $0.026 | DailyAccrualFund |
May 28, 2021 | $0.026 | DailyAccrualFund |
Apr 30, 2021 | $0.026 | DailyAccrualFund |
Mar 31, 2021 | $0.025 | DailyAccrualFund |
Feb 26, 2021 | $0.022 | DailyAccrualFund |
Jan 29, 2021 | $0.027 | DailyAccrualFund |
Dec 31, 2020 | $0.030 | DailyAccrualFund |
Nov 30, 2020 | $0.025 | DailyAccrualFund |
Oct 30, 2020 | $0.026 | DailyAccrualFund |
Sep 30, 2020 | $0.027 | DailyAccrualFund |
Aug 31, 2020 | $0.029 | DailyAccrualFund |
Jul 31, 2020 | $0.028 | DailyAccrualFund |
Jun 30, 2020 | $0.026 | DailyAccrualFund |
May 29, 2020 | $0.028 | DailyAccrualFund |
Apr 30, 2020 | $0.027 | DailyAccrualFund |
Mar 31, 2020 | $0.030 | DailyAccrualFund |
Feb 28, 2020 | $0.030 | DailyAccrualFund |
Jan 31, 2020 | $0.034 | DailyAccrualFund |
Dec 31, 2019 | $0.035 | DailyAccrualFund |
Nov 29, 2019 | $0.034 | DailyAccrualFund |
Oct 31, 2019 | $0.037 | DailyAccrualFund |
Sep 30, 2019 | $0.038 | DailyAccrualFund |
Aug 30, 2019 | $0.038 | DailyAccrualFund |
Jul 31, 2019 | $0.040 | DailyAccrualFund |
Jun 28, 2019 | $0.039 | DailyAccrualFund |
May 31, 2019 | $0.041 | DailyAccrualFund |
Apr 30, 2019 | $0.041 | DailyAccrualFund |
Mar 29, 2019 | $0.042 | DailyAccrualFund |
Feb 28, 2019 | $0.038 | DailyAccrualFund |
Jan 31, 2019 | $0.042 | DailyAccrualFund |
Dec 31, 2018 | $0.038 | DailyAccrualFund |
Nov 30, 2018 | $0.036 | DailyAccrualFund |
Oct 31, 2018 | $0.037 | DailyAccrualFund |
Aug 31, 2018 | $0.036 | DailyAccrualFund |
Jul 31, 2018 | $0.037 | DailyAccrualFund |
Jun 29, 2018 | $0.036 | DailyAccrualFund |
May 31, 2018 | $0.036 | DailyAccrualFund |
Apr 30, 2018 | $0.035 | DailyAccrualFund |
Mar 29, 2018 | $0.034 | DailyAccrualFund |
Feb 28, 2018 | $0.030 | DailyAccrualFund |
Jan 31, 2018 | $0.034 | DailyAccrualFund |
Dec 29, 2017 | $0.032 | DailyAccrualFund |
Nov 30, 2017 | $0.032 | DailyAccrualFund |
Oct 31, 2017 | $0.031 | DailyAccrualFund |
Sep 29, 2017 | $0.031 | DailyAccrualFund |
Aug 31, 2017 | $0.031 | DailyAccrualFund |
Jul 31, 2017 | $0.033 | DailyAccrualFund |
Jun 30, 2017 | $0.030 | DailyAccrualFund |
May 31, 2017 | $0.030 | DailyAccrualFund |
Apr 28, 2017 | $0.029 | DailyAccrualFund |
Mar 31, 2017 | $0.030 | DailyAccrualFund |
Feb 28, 2017 | $0.028 | DailyAccrualFund |
Jan 31, 2017 | $0.029 | DailyAccrualFund |
Dec 30, 2016 | $0.030 | DailyAccrualFund |
Nov 30, 2016 | $0.027 | DailyAccrualFund |
Oct 31, 2016 | $0.029 | DailyAccrualFund |
Sep 30, 2016 | $0.029 | DailyAccrualFund |
Aug 31, 2016 | $0.029 | DailyAccrualFund |
Jul 29, 2016 | $0.030 | DailyAccrualFund |
Jun 30, 2016 | $0.030 | DailyAccrualFund |
May 31, 2016 | $0.030 | DailyAccrualFund |
Apr 29, 2016 | $0.028 | DailyAccrualFund |
Mar 31, 2016 | $0.032 | DailyAccrualFund |
Feb 29, 2016 | $0.029 | DailyAccrualFund |
Jan 29, 2016 | $0.030 | DailyAccrualFund |
Dec 31, 2015 | $0.029 | DailyAccrualFund |
Nov 30, 2015 | $0.028 | DailyAccrualFund |
Oct 30, 2015 | $0.032 | DailyAccrualFund |
Sep 30, 2015 | $0.030 | DailyAccrualFund |
Aug 31, 2015 | $0.031 | DailyAccrualFund |
Jul 31, 2015 | $0.030 | DailyAccrualFund |
Jun 30, 2015 | $0.031 | DailyAccrualFund |
May 29, 2015 | $0.031 | DailyAccrualFund |
Apr 30, 2015 | $0.027 | DailyAccrualFund |
Mar 31, 2015 | $0.032 | DailyAccrualFund |
Feb 27, 2015 | $0.027 | DailyAccrualFund |
Jan 30, 2015 | $0.029 | DailyAccrualFund |
Dec 31, 2014 | $0.028 | DailyAccrualFund |
Nov 28, 2014 | $0.027 | DailyAccrualFund |
Oct 31, 2014 | $0.029 | DailyAccrualFund |
Sep 30, 2014 | $0.027 | DailyAccrualFund |
Aug 29, 2014 | $0.028 | DailyAccrualFund |
Jul 31, 2014 | $0.029 | DailyAccrualFund |
Jun 30, 2014 | $0.027 | DailyAccrualFund |
May 31, 2014 | $0.029 | DailyAccrualFund |
Apr 30, 2014 | $0.029 | DailyAccrualFund |
Mar 31, 2014 | $0.037 | DailyAccrualFund |
Feb 28, 2014 | $0.031 | DailyAccrualFund |
Jan 31, 2014 | $0.030 | DailyAccrualFund |
Dec 31, 2013 | $0.027 | DailyAccrualFund |
Nov 29, 2013 | $0.027 | DailyAccrualFund |
Oct 31, 2013 | $0.028 | DailyAccrualFund |
Sep 30, 2013 | $0.024 | DailyAccrualFund |
Aug 30, 2013 | $0.025 | DailyAccrualFund |
Jul 31, 2013 | $0.003 | DailyAccrualFund |
MWFLX - Fund Manager Analysis
Managers
Jerry Cudzil
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
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.
Laird Landmann
Start Date
Tenure
Tenure Rank
Jun 28, 2013
8.93
8.9%
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.
Drew Sweeney
Start Date
Tenure
Tenure Rank
Jul 29, 2020
1.84
1.8%
Drew Sweeney was the managing Director of the TCW Group, Inc, has been with the TCW Group, Inc since 2015. Prior to joining TCW, Mr. Sweeney was was a Managing Director of Bradford & Marzec, LLC and Macquarie Group. Mr. Sweeney manages the Floating Rate Income Fund. Drew Sweeney was a member of Bradford & Marzec’s Portfolio Management Team. Drew manages bank loan portfolios and co-manages the full-quality high yield strategy. He works with a team of credit specialists to develop strategies for the bank loan portfolios and contributes to the overall investment grade and high yield strategies. Prior to his current position as Portfolio Manager, Drew was Portfolio Manager for Four Corners Capital Management (part of the Macquarie Group) in Los Angeles, where he managed both high yield bond and bank loan investments. Prior to Four Corners, Drew was responsible for bank loan and high yield investments for Columbia Management (Ameriprise Financial, Inc.). Drew has an MBA from the University of North Carolina Kenan-Flagler Business School and a Bachelor’s degree from Rutgers University.
Steven Purdy
Start Date
Tenure
Tenure Rank
Jul 29, 2021
0.84
0.8%
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 |
---|---|---|---|
0.09 | 21.18 | 6.0 | 3.25 |