MWCSX: Metropolitan West Corporate Bond Fund - MutualFunds.com

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Metropolitan West Corporate Bond M

MWCSX - Snapshot

Vitals

  • YTD Return 3.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $13.2 M
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$10.93
$9.65
$11.18

Expenses

OPERATING RELATED FEES

  • Expense Ratio 8.55%

SALES FEES

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

BROKERAGE FEES

  • Turnover 65.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Compare MWCSX to Popular Corporate Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$134.62

+0.25%

$55.20 B

3.13%

$4.21

5.42%

0.14%

$95.82

+0.09%

$40.70 B

3.21%

$3.08

5.01%

0.05%

$31.93

+0.16%

$40.70 B

3.21%

$1.02

5.21%

0.05%

$10.61

+0.09%

$35.96 B

2.91%

$0.31

5.57%

0.20%

$11.05

+0.27%

$19.78 B

3.89%

$0.43

1.19%

0.85%

MWCSX - Profile

Distributions

  • YTD Total Return 3.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 8.31%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Metropolitan West Corporate Bond Fund
  • Fund Family Name
    Metropolitan West Funds
  • Inception Date
    Jun 29, 2018
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bryan Whalen

Fund Description

The advisor intends to pursue its objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in a diversified portfolio of corporate debt instruments of varying maturities issued by U.S. and foreign corporations domiciled in developed market and emerging market countries. The fund may invest in securities of any maturity, and there is no limit on the weighted average maturity of the fund's portfolio.


MWCSX - Performance

Return Ranking - Trailing

Period MWCSX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -15.6% 9.4% 68.52%
1 Yr 9.9% -5.8% 12.6% 14.75%
3 Yr N/A* -1.2% 7.8% N/A
5 Yr N/A* 2.6% 7.8% N/A
10 Yr N/A* 2.2% 7.9% N/A

* Annualized

Return Ranking - Calendar

Period MWCSX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -3.9% 14.2% 93.84%
2018 N/A -52.7% 0.3% N/A
2017 N/A -3.5% 6.1% N/A
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 1.3% N/A

Total Return Ranking - Trailing

Period MWCSX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.4% -15.6% 9.8% 69.91%
1 Yr 9.9% -5.8% 12.6% 11.98%
3 Yr N/A* -1.2% 7.8% N/A
5 Yr N/A* 2.6% 7.8% N/A
10 Yr N/A* 2.2% 7.9% N/A

* Annualized

Total Return Ranking - Calendar

Period MWCSX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -3.9% 14.2% 93.81%
2018 N/A -14.6% 92.1% N/A
2017 N/A -3.5% 7.2% N/A
2016 N/A -0.7% 35.8% N/A
2015 N/A -11.7% 3.1% N/A

NAV & Total Return History


MWCSX - Holdings

Concentration Analysis

MWCSX Category Low Category High MWCSX % Rank
Net Assets 13.2 M 7.34 M 55.2 B 92.41%
Number of Holdings 402 4 7554 54.30%
Net Assets in Top 10 1.77 M -25.3 M 3.55 B 96.83%
Weighting of Top 10 13.38% 2.1% 100.0% 47.06%

Top 10 Holdings

  1. Federal Home Loan Banks 0% 2.27%
  2. US Treasury Bill 0% 1.89%
  3. United States Treasury Bills 0% 1.89%
  4. AT&T Inc 4.35% 1.76%
  5. Wells Fargo & Company 2.57% 1.15%
  6. GE Capital International Funding Company Unlimited Company 4.42% 0.94%
  7. Goldman Sachs Group, Inc. 2.6% 0.92%
  8. Pricoa Global Funding I 2.55% 0.91%
  9. Bank of America Corporation 2.59% 0.88%
  10. New York Life Insurance Company 3.75% 0.88%

Asset Allocation

Weighting Return Low Return High MWCSX % Rank
Bonds
82.08% 24.75% 128.14% 97.74%
Cash
16.08% -40.73% 17.31% 1.36%
Convertible Bonds
1.84% 0.00% 70.11% 71.04%
Stocks
0.00% 0.00% 1.76% 75.11%
Preferred Stocks
0.00% 0.00% 31.40% 84.62%
Other
0.00% -0.84% 5.68% 70.14%

Bond Sector Breakdown

Weighting Return Low Return High MWCSX % Rank
Corporate
75.15% 43.34% 99.92% 93.67%
Cash & Equivalents
17.97% 0.00% 17.97% 0.90%
Securitized
2.93% 0.00% 42.90% 24.89%
Government
2.44% 0.00% 33.61% 58.37%
Municipal
1.50% 0.00% 2.73% 7.24%
Derivative
0.00% 0.00% 16.45% 75.11%

Bond Geographic Breakdown

Weighting Return Low Return High MWCSX % Rank
US
72.66% 21.89% 102.65% 81.00%
Non US
9.42% 0.00% 41.66% 85.52%

MWCSX - Expenses

Operational Fees

MWCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 8.55% 0.03% 8.55% 0.47%
Management Fee 0.40% 0.00% 1.35% 61.78%
12b-1 Fee 0.25% 0.00% 1.00% 49.52%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

MWCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MWCSX 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.

MWCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 2.00% 232.00% 54.25%

MWCSX - Distributions

Dividend Yield Analysis

MWCSX Category Low Category High MWCSX % Rank
Dividend Yield 0.00% 0.00% 4.79% 73.78%

Dividend Distribution Analysis

MWCSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MWCSX Category Low Category High MWCSX % Rank
Net Income Ratio 8.31% 0.96% 8.62% 0.92%

Capital Gain Distribution Analysis

MWCSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MWCSX - Fund Manager Analysis

Managers

Bryan Whalen


Start Date

Tenure

Tenure Rank

Jun 29, 2018

2.26

2.3%

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.

Jerry Cudzil


Start Date

Tenure

Tenure Rank

Jun 29, 2018

2.26

2.3%

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.

Tammy Karp


Start Date

Tenure

Tenure Rank

Jul 31, 2020

0.17

0.2%

Ms. Karp is the managing Director of the TCW since August 1997. Ms. Karp manages the Investment Grade Credit Fundis a Corporate Trader in the U.S. Fixed Income group. Ms. Karp joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). At MetWest, she traded various corporate debt instruments including investment grade and cross over corporate bonds, a role similar to what she performs at TCW. Prior to joining MetWest in 1997, she was with the fixed income department at The Capital Group. Ms. Karp earned her BS in Business from University of Arizona.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 23.09 5.67 0.75