MWATX: Metropolitan West AlphaTrak 500

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MWATX Metropolitan West AlphaTrak 500


Profile

MWATX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 14.9%
  • 5 Yr Annualized Return 12.9%
  • Net Assets $40.9 M
  • Holdings in Top 10 14.6%

52 WEEK LOW AND HIGH

$11.80
$9.97
$11.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

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

BROKERAGE FEES

  • Turnover 115.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 14.9%
  • 5 Yr Annualized Total Return 12.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.15%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Metropolitan West AlphaTrak 500 Fund
  • Fund Family Name
    Metropolitan West Funds
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Tad Rivelle

Fund Description

The fund is an enhanced S&P 500 Index fund that combines a fixed-income portfolio with non-leveraged investments in S&P 500 Index futures. The portfolio duration is up to three years and the dollar-weighted average maturity is up to five years. At least 85% of the fund's fixed income investments are securities rated at least investment grade or unrated securities determined by the Adviser to be of comparable quality.


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Categories

Performance

MWATX - Performance

Return Ranking - Trailing

Period MWATX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -6.8% 3.7% 18.87%
1 Yr 32.0% -25.0% 33.8% 4.55%
3 Yr 14.9%* -18.3% 15.1% 5.71%
5 Yr 12.9%* -13.0% 12.9% 3.03%
10 Yr 16.2%* -2.0% 16.2% 5.00%

* Annualized

Return Ranking - Calendar

Period MWATX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -13.8% 39.5% 20.45%
2018 -6.7% -48.9% 1.4% 12.50%
2017 19.9% -3.9% 24.8% 17.14%
2016 17.8% -9.5% 17.8% 2.94%
2015 0.3% -18.8% 1.4% 15.63%

Total Return Ranking - Trailing

Period MWATX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -6.8% 3.7% 18.87%
1 Yr 32.0% -25.0% 33.8% 4.55%
3 Yr 14.9%* -18.3% 15.1% 5.71%
5 Yr 12.9%* -12.5% 12.9% 3.03%
10 Yr 16.2%* 1.4% 16.3% 10.00%

* Annualized

Total Return Ranking - Calendar

Period MWATX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -13.8% 39.5% 20.45%
2018 -5.6% -48.9% 1.4% 7.50%
2017 20.8% -3.9% 24.8% 25.71%
2016 20.5% -9.5% 26.8% 5.88%
2015 0.4% -15.9% 1.4% 25.00%

NAV & Total Return History


Holdings

MWATX - Holdings

Concentration Analysis

MWATX Category Low Category High MWATX % Rank
Net Assets 40.9 M 100 11.2 B 78.57%
Number of Holdings 350 3 425 11.36%
Net Assets in Top 10 5.95 M 5.95 M 2.12 B 100.00%
Weighting of Top 10 14.55% 14.6% 200.3% 100.00%

Top 10 Holdings

  1. SPDR® S&P 500 ETF Trust 4.28%
  2. iShares Core S&P 500 ETF 3.04%
  3. United States Treasury Notes 1.78% 1.71%
  4. GE Capital International Funding Company Unlimited Company 2.34% 1.03%
  5. DBRR CMBS RE-REMIC Trust 4.54% 0.90%
  6. Government National Mortgage Association 5.56% 0.89%
  7. Bank of America Corporation 2.74% 0.80%
  8. Federal Home Loan Mortgage Corporation 2.35% 0.67%
  9. U.S. Bank National Association 3.05% 0.62%
  10. Wells Fargo Bank, National Association 2.08% 0.61%

Asset Allocation

Weighting Return Low Return High MWATX % Rank
Bonds
65.68% 0.00% 65.68% 2.27%
Cash
26.68% 0.00% 49.81% 6.82%
Stocks
7.31% 7.31% 99.97% 100.00%
Convertible Bonds
0.33% 0.00% 22.88% 6.82%
Preferred Stocks
0.00% 0.00% 22.85% 54.55%
Other
0.00% 0.00% 30.25% 59.09%

Stock Sector Breakdown

Weighting Return Low Return High MWATX % Rank
Technology
19.78% 0.00% 31.48% 27.27%
Financial Services
15.93% 0.00% 46.55% 56.82%
Healthcare
14.37% 0.00% 24.62% 18.18%
Communication Services
10.39% 0.00% 15.57% 29.55%
Consumer Cyclical
9.57% 2.76% 29.47% 61.36%
Industrials
9.53% 5.44% 27.13% 75.00%
Consumer Defense
7.54% 0.00% 39.26% 70.45%
Energy
4.35% 0.00% 11.60% 56.82%
Utilities
3.32% 0.00% 13.04% 29.55%
Real Estate
2.92% 0.00% 9.80% 50.00%
Basic Materials
2.30% 0.00% 9.48% 61.36%

Stock Geographic Breakdown

Weighting Return Low Return High MWATX % Rank
US
7.24% -19.25% 79.60% 97.73%
Non US
0.07% 0.00% 112.38% 95.45%

Bond Sector Breakdown

Weighting Return Low Return High MWATX % Rank
Securitized
38.48% 0.00% 38.48% 2.27%
Corporate
28.31% 0.00% 99.00% 45.45%
Cash & Equivalents
27.95% 1.00% 100.00% 72.73%
Derivative
2.86% 0.00% 2.86% 2.27%
Government
2.35% 0.00% 76.95% 25.00%
Municipal
0.05% 0.00% 2.31% 13.64%

Bond Geographic Breakdown

Weighting Return Low Return High MWATX % Rank
US
59.88% 0.00% 59.88% 2.27%
Non US
5.80% 0.00% 7.54% 11.36%

Expenses

MWATX - Expenses

Operational Fees

MWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.35% 5.40% 47.83%
Management Fee 0.28% 0.20% 1.00% 7.02%
12b-1 Fee 0.00% 0.00% 1.00% 3.85%
Administrative Fee N/A 0.01% 0.95% N/A

Sales Fees

MWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MWATX 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.

MWATX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 1.00% 3908.00% 93.02%

Distributions

MWATX - Distributions

Dividend Yield Analysis

MWATX Category Low Category High MWATX % Rank
Dividend Yield 0.51% 0.00% 19.23% 26.32%

Dividend Distribution Analysis

MWATX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

MWATX Category Low Category High MWATX % Rank
Net Income Ratio 2.15% -0.43% 2.39% 8.70%

Capital Gain Distribution Analysis

MWATX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

MWATX - Fund Manager Analysis

Managers

Tad Rivelle


Start Date

Tenure

Tenure Rank

Jun 29, 1998

21.52

21.5%

Tad Rivelle Group Managing Director Chief Investment Officer–Fixed Income Co-Director Fixed Income Tad Rivelle is Chief Investment Officer, Fixed Income. 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.

Stephen Kane


Start Date

Tenure

Tenure Rank

Jun 29, 1998

21.52

21.5%

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 Category High Category Average Category Mode
0.04 33.85 6.96 0.08