Morningstar® Investment Profile™   Morningstar®
Disclosure
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for Print
Metropolitan West Total Return Bd Plan  MWTSX
Release date as of 2024-06-30. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-06-30
Out of 561
Intermediate Core-Plus Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-03-31
Total Fund Assets ($ Mil)
45,690.6
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to maximize long-term total return.
The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in investment grade fixed income securities or unrated securities determined by the Adviser to be of comparable quality. Up to 20% of the fund's net assets may be invested in securities rated below investment grade or unrated securities determined by the Adviser to be of comparable quality. The fund also invests at least 80% of its net assets, plus any borrowings for investment purposes in fixed income securities it regards as bonds.
  Morningstar Category: Intermediate Core-Plus Bond
Intermediate-term core-plus bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, but generally have greater flexibility than core offerings to hold non-core sectors such as corporate high yield, bank loan, emerging-markets debt, and non-U.S. currency exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index. 
  Performance
Growth of $10,000
(from 2014-01-01 to 2024-06-30)
Investment: Metropolitan West Total Return Bd Plan
Benchmark 1: Bloomberg US Agg Bond TR USD
Benchmark 2: Bloomberg US Universal TR USD
Category: Intermediate Core-Plus Bond
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment -0.80 2.93 -3.52 -0.12 1.42 2.39
Bloomberg US Agg Bond TR USD -0.71 2.63 -3.02 -0.23 1.35 4.19
Bloomberg US Universal TR USD -0.28 3.47 -2.68 0.11 1.63 ---
Category 0.11 3.83 -2.81 0.20 1.49 4.28
Morningstar Rating --- --- ---
# of compared Intermediate Core-Plus Bond funds covered (3 yrs : out of 561 funds) (5 yrs : out of 525 funds) (10 yrs : out of 374 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 0.37%
Prospectus Net Expense Ratio 0.37%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
--- --- --- ---
  Portfolio Profile
Asset Allocation
% of Net Assets
U.S. Stocks 0.0
Non-U.S. Stocks 0.2
Bonds 113.9
Cash -14.1
Other 0.1
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2024-05-31
Morningstar Fixed-Income Sectors
% Fund
Government 29.85
Corporate 15.59
Securitized 50.02
Municipal 0.56
Cash & Equivalents 1.45
Derivative 2.53
Data through 2024-05-31
Credit Analysis
% Bonds
AAA 65.45
AA 5.65
A 8.60
BBB 11.87
BB 2.37
B 1.57
Below B 4.36
Not Rated 0.12
Data through 2024-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 1
Total Number of Bond Holdings 1616
% of Net Assets in Top 10 Holdings 40.59
Turnover % (as of 2023-03-31) 426.00
30 Day SEC Yield % 4.46
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
United States Treasury Notes 4.5% 2029-05-31 3,929,996 3,931,071 8.38
United States Treasury Notes 4.625% 2029-04-30 3,477,226 3,494,748 7.45
United States Treasury Bonds 4.5% 2044-02-15 2,793,620 2,710,248 5.77
United States Treasury Notes 4.375% 2034-05-15 2,472,724 2,450,894 5.22
Federal National Mortgage Association 4% 2054-07-01 1,819,550 1,651,497 3.52
United States Treasury Bonds 4.625% 2054-05-15 1,551,693 1,549,875 3.30
Federal National Mortgage Association 4.5% 2054-07-01 959,375 898,237 1.91
Federal National Mortgage Association 5% 2054-06-01 909,925 875,677 1.87
United States Treasury Bonds 4.625% 2044-05-15 840,483 831,619 1.77
Federal National Mortgage Association 5.5% 2054-06-01 666,750 655,954 1.40
Data through 2024-05-31
  Principal Risks   
Credit and Counterparty, Extension, Inflation/Deflation, Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Issuer, Interest Rate, Market/Market Volatility, Distressed Investments, Futures, High-Yield Securities, Mortgage-Backed and Asset-Backed Securities, Other, Restricted/Illiquid Securities, U.S. Government Obligations, Derivatives, Leverage, Pricing, Fixed-Income Securities, Management, Swaps, Unrated Securities
Show Risk Definitions
  Other Information
Inception Date: 2011-07-29
Portfolio Manager(s)
Bryan T. Whalen   (2004-12-31)
Mr. Whalen is Co-Chief Investment Officer and a Generalist Portfolio Manager in TCW’s Fixed Income Group, a team that oversees over $180 billion in fixed income assets including the over $60 billion MetWest Total Return Bond Fund, one of the largest actively managed bond funds in the world. Prior to joining TCW, Mr. Whalen was a Partner at Metropolitan West Asset Management and Co-head of its 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 M. Cudzil   (2023-09-06)
Mr. Cudzil is a Specialist Portfolio Manager and Head of Credit Trading. He oversees the Fixed Income group’s trading of investment grade corporate bonds, high yield bonds, leveraged loans and credit derivatives. Prior to joining TCW in 2012, Mr. Cudzil was a High Yield Bond Trader for Morgan Stanley and Deutsche Bank, specializing in project finance, aviation, and energy securities. He was previously a Portfolio Manager for Dimaio Ahmad Capital, managing the multi-strategy credit fund and aviation fund and leading the firm’s risk management team. Mr. Cudzil began his career as a Corporate Bond Trader for Prudential Securities and has also traded investment grade and high yield debt for Credit Suisse and Goldman Sachs. Mr. Cudzil earned a BA in Economics from the University of Pennsylvania.
Ruben Hovhannisyan   (2023-09-06)
Mr. Hovhannisyan is an Associate Generalist Portfolio Manager in the Fixed Income Group, a team that oversees over $180 billion in fixed income assets including the over $60 billion MetWest Total Return Bond Fund, one of the largest actively managed bond funds in the world. Prior to his current role, he served as a Senior Portfolio Analyst working alongside the Generalist Portfolio Managers. Mr. Hovhannisyan joined TCW from Metropolitan West Asset Management company, where he spent two years as a collateralized debt obligations specialist and member of the portfolio risk management group. Prior to joining MetWest in 2007, he was an associate at KPMG Structured Finance Group where he was engaged in various projects analyzing structured products. Mr. Hovhannisyan holds a BA in Business/Economics from the University of California, Los Angeles (UCLA) and an MBA from the UCLA Anderson School of Management. He is a CFA charterholder.
Stephen M. Kane   (1997-03-31)
Mr. Kane is Co-Chief Investment Officer and a Generalist Portfolio Manager in TCW’s Fixed Income Group, a team that oversees over $180 billion in fixed income assets including the over $60 billion MetWest Total Return Bond Fund, one of the largest actively managed bond funds in the world. Under his co-leadership, the MetWest investment team was recognized as Morningstar’s Fixed Income Manager of the Year for 2005. Mr. Kane has led the effort to launch a number of fixed income products, including AlphaTrak, Long Duration/LDI, Unconstrained, and Global. 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. He is a CFA charterholder.
Investment Advisor(s)
Metropolitan West Asset Management, LLC.
Issuer
TCW
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.