Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.8%
1 yr return
5.0%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$6.75 M
Holdings in Top 10
26.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.94%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 276.00%
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 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MWESX - Profile
Distributions
- YTD Total Return 0.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.94%
- Dividend Yield 7.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMetropolitan West ESG Securitized Fund
-
Fund Family NameMetWest Funds
-
Inception DateSep 30, 2021
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMitchell Flack
Fund Description
MWESX - Performance
Return Ranking - Trailing
Period | MWESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -6.0% | 3.9% | 3.07% |
1 Yr | 5.0% | -10.3% | 16.1% | 8.64% |
3 Yr | N/A* | -10.4% | 26.2% | N/A |
5 Yr | N/A* | -6.6% | 191.4% | N/A |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | MWESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.6% | -16.2% | 8.1% | 72.84% |
2022 | -16.2% | -34.7% | 131.9% | 54.86% |
2021 | N/A | -11.6% | 4.4% | N/A |
2020 | N/A | -10.1% | 946.1% | N/A |
2019 | N/A | -1.7% | 156.4% | N/A |
Total Return Ranking - Trailing
Period | MWESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.8% | -6.0% | 3.9% | 3.07% |
1 Yr | 5.0% | -10.3% | 16.1% | 8.64% |
3 Yr | N/A* | -10.4% | 26.2% | N/A |
5 Yr | N/A* | -6.6% | 191.4% | N/A |
10 Yr | N/A* | -2.4% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | MWESX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -11.3% | 11.0% | 17.84% |
2022 | -13.9% | -32.2% | 131.9% | 60.73% |
2021 | N/A | -9.4% | 9.2% | N/A |
2020 | N/A | -1.9% | 1009.0% | N/A |
2019 | N/A | 1.1% | 21668.0% | N/A |
NAV & Total Return History
MWESX - Holdings
Concentration Analysis
MWESX | Category Low | Category High | MWESX % Rank | |
---|---|---|---|---|
Net Assets | 6.75 M | 2.73 M | 292 B | 99.32% |
Number of Holdings | 98 | 1 | 17889 | 95.01% |
Net Assets in Top 10 | 1.79 M | -106 M | 36.5 B | 99.51% |
Weighting of Top 10 | 26.48% | 4.4% | 134.1% | 41.93% |
Top 10 Holdings
- MSILF Government Portfolio 4.21%
- Freddie Mac Pool 2.93%
- Ginnie Mae 2.89%
- Fannie Mae REMICS 2.63%
- Fannie Mae or Freddie Mac 2.51%
- Fannie Mae or Freddie Mac 2.45%
- Freddie Mac Pool 2.40%
- United States Treasury Note/Bond 2.23%
- Sunnova Helios VII Issuer LLC 2.18%
- One New York Plaza Trust 2020-1NYP 2.05%
Asset Allocation
Weighting | Return Low | Return High | MWESX % Rank | |
---|---|---|---|---|
Bonds | 99.05% | 0.00% | 215.98% | 26.76% |
Other | 13.76% | -13.23% | 58.65% | 16.83% |
Cash | 4.63% | -54.51% | 88.26% | 33.56% |
Stocks | 0.00% | 0.00% | 99.93% | 90.23% |
Preferred Stocks | 0.00% | 0.00% | 74.68% | 88.75% |
Convertible Bonds | 0.00% | 0.00% | 7.93% | 97.83% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MWESX % Rank | |
---|---|---|---|---|
Securitized | 82.93% | 0.00% | 98.40% | 4.24% |
Government | 12.75% | 0.00% | 86.23% | 79.21% |
Cash & Equivalents | 4.63% | 0.00% | 88.06% | 31.60% |
Municipal | 1.12% | 0.00% | 100.00% | 26.01% |
Derivative | 0.78% | -5.38% | 58.65% | 12.43% |
Corporate | 0.00% | 0.00% | 100.00% | 100.00% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MWESX % Rank | |
---|---|---|---|---|
US | 99.05% | 0.00% | 215.98% | 23.29% |
Non US | 0.00% | 0.00% | 39.04% | 89.53% |
MWESX - Expenses
Operational Fees
MWESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.94% | 0.01% | 39.10% | 1.87% |
Management Fee | 0.40% | 0.00% | 1.76% | 68.58% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
MWESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MWESX 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.
MWESX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 276.00% | 2.00% | 493.39% | 81.91% |
MWESX - Distributions
Dividend Yield Analysis
MWESX | Category Low | Category High | MWESX % Rank | |
---|---|---|---|---|
Dividend Yield | 7.03% | 0.00% | 9.75% | 4.49% |
Dividend Distribution Analysis
MWESX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Monthly |
Net Income Ratio Analysis
MWESX | Category Low | Category High | MWESX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.94% | -1.28% | 4.79% | 90.02% |
Capital Gain Distribution Analysis
MWESX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 29, 2024 | $0.049 | OrdinaryDividend |
Jan 31, 2024 | $0.066 | OrdinaryDividend |
Dec 29, 2023 | $0.051 | OrdinaryDividend |
Nov 30, 2023 | $0.053 | OrdinaryDividend |
Oct 31, 2023 | $0.040 | OrdinaryDividend |
Sep 29, 2023 | $0.033 | OrdinaryDividend |
Aug 31, 2023 | $0.030 | OrdinaryDividend |
Jul 31, 2023 | $0.025 | OrdinaryDividend |
Jun 30, 2023 | $0.024 | OrdinaryDividend |
May 31, 2023 | $0.023 | OrdinaryDividend |
Apr 28, 2023 | $0.023 | OrdinaryDividend |
Mar 31, 2023 | $0.024 | OrdinaryDividend |
Feb 28, 2023 | $0.021 | OrdinaryDividend |
Jan 31, 2023 | $0.023 | OrdinaryDividend |
Dec 30, 2022 | $0.060 | OrdinaryDividend |
Nov 30, 2022 | $0.020 | OrdinaryDividend |
Oct 31, 2022 | $0.018 | OrdinaryDividend |
Sep 30, 2022 | $0.020 | OrdinaryDividend |
Aug 31, 2022 | $0.017 | OrdinaryDividend |
Jul 29, 2022 | $0.015 | OrdinaryDividend |
Jun 30, 2022 | $0.014 | OrdinaryDividend |
May 31, 2022 | $0.014 | OrdinaryDividend |
Apr 29, 2022 | $0.014 | OrdinaryDividend |
Mar 31, 2022 | $0.011 | OrdinaryDividend |
Feb 28, 2022 | $0.010 | OrdinaryDividend |
Jan 31, 2022 | $0.009 | OrdinaryDividend |
Dec 31, 2021 | $0.009 | OrdinaryDividend |
Nov 30, 2021 | $0.004 | OrdinaryDividend |
Oct 29, 2021 | $0.002 | OrdinaryDividend |
MWESX - Fund Manager Analysis
Managers
Mitchell Flack
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Mitchell Flack joined Metropolitan West Asset Management, which is a wholly-owned subsidiary of The TCW Group, Inc. (“TCW Group”), in March 2001. Prior to joining that, he was a Managing Director at Bear Stearns & Co. He was also with Bankers Trust, where he marketed derivative products to financial institutions. Prior to that, he served as Senior Vice President and Chief Investment Officer of Southern California Savings. He began his career with Weyerhaeuser Mortgage Company. Mr. Flack holds a bachelor's degree in Business Economics from the University of California, Santa Barbara and an MBA from the University of Chicago Booth School of Business.
Harrison Choi
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Harrison Choi is a Managing Director for TCW Investment Management Company LLC and TCW LLC.
Elizabeth Crawford
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Managing Director of the Metropolitan West Asset Management, LLC, has been with Metropolitan West Asset Management, LLC since 2015.
Stephen Kane
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 33.43 | 6.82 | 1.16 |