Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Metropolitan West Total Return Bd Plan  MWTSX
Release date as of 2021-10-31. 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 2021-10-31
Out of 570
Intermediate Core-Plus Bond Funds
Morningstar®
Style Box™
What is this?
As of 2021-09-30
Total Fund Assets ($ Mil)
86,439.44
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 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 2011-07-29 to 2021-10-31)
Investment: Metropolitan West Total Return Bd Plan
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 -1.08 0.52 6.50 3.70 4.19 4.11
Bloomberg US Agg Bond TR USD -1.58 -0.48 5.63 3.10 3.00 5.05
Bloomberg US Universal TR USD -1.16 0.48 5.84 3.42 3.39 ---
Category -0.64 1.66 5.90 3.59 3.65 5.10
Morningstar Rating --- --- ---
# of compared Intermediate Core-Plus Bond funds covered (3 yrs : out of 570 funds) (5 yrs : out of 496 funds) (10 yrs : out of 354 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 0.0
Bonds 108.1
Cash -10.0
Other 1.8
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2021-10-31
Morningstar Fixed-Income Sectors
% Fund
Government 35.40
Corporate 20.53
Securitized 36.29
Municipal 0.54
Cash & Equivalents 6.27
Other 0.98
Data through 2021-10-31
Credit Analysis
% Bonds
AAA 65.80
AA 4.10
A 9.31
BBB 14.82
BB 2.60
B 0.68
Below B 2.67
Not Rated 0.01
Data through 2021-09-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 1679
% of Net Assets in Top 10 Holdings 46.92
Turnover % (as of 2021-03-31) 470.00
30 Day SEC Yield % 1.25
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
United States Treasury Notes 0.25% 2023-09-30 7,750,046 7,719,772 8.93
United States Treasury Notes 0.875% 2026-09-30 6,116,927 6,033,918 6.98
Federal National Mortgage Association 2.5% 2051-12-01 4,545,000 4,658,612 5.39
United States Treasury Bonds 2% 2051-08-15 4,271,690 4,334,307 5.01
United States Treasury Notes 0.375% 2023-10-31 4,030,640 4,021,363 4.65
Federal National Mortgage Association 2% 2052-01-01 3,129,825 3,117,770 3.61
Federal National Mortgage Association 2% 2051-12-01 3,014,825 3,009,486 3.48
United States Treasury Notes 1.125% 2026-10-31 2,890,813 2,881,723 3.33
United States Treasury Notes 1.25% 2031-08-15 2,751,985 2,674,370 3.09
United States Treasury Notes 0.75% 2026-08-31 2,163,760 2,120,400 2.45
Data through 2021-10-31
  Principal Risks   
Short Sale, Credit and Counterparty, Extension, 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)
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.
Tad Rivelle   (1997-03-31)
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.
Laird R. Landmann   (1997-03-31)
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.
Stephen M. Kane   (1997-03-31)
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.
Investment Advisor(s)
Metropolitan West Asset Management, LLC.
Issuer
Metropolitan West Funds
Show Data Definitions

© Copyright 2021 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
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.