Metropolitan West AlphaTrak 500 Fund (MWATX)
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.
Fund Info
US5929054006
592905400
Jun 29, 1998
$5,000
Large-Cap
Blend
Expense Ratio
MWATX has an expense ratio of 0.47%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
MWATX
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^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of MWATX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.60% | 4.64% | 3.43% | -4.66% | 5.49% | 3.57% | 1.67% | 2.58% | 2.44% | 1.47% | 24.17% | ||
| 2023 | 7.16% | -3.14% | 3.25% | 2.45% | -0.00% | 6.39% | 3.31% | -1.83% | -5.32% | -2.69% | 10.24% | 7.23% | 29.01% |
| 2022 | -5.65% | -3.21% | 3.14% | -9.23% | 0.29% | -8.95% | 9.82% | -4.62% | -10.44% | 7.60% | 6.11% | -5.81% | -21.25% |
| 2021 | -0.88% | 2.74% | 4.44% | 5.35% | 0.57% | 2.29% | 2.44% | 2.86% | -4.70% | 6.76% | -0.85% | 5.11% | 28.80% |
| 2020 | 0.17% | -7.76% | -15.23% | 13.61% | 5.25% | 2.45% | 6.18% | 7.30% | -3.57% | -2.53% | 11.26% | 3.64% | 18.48% |
| 2019 | 8.14% | 3.32% | 2.09% | 4.01% | -6.18% | 7.20% | 1.25% | -1.42% | 1.93% | 2.04% | 3.65% | 3.68% | 33.13% |
| 2018 | 5.52% | -3.92% | -2.72% | 0.20% | 2.40% | 0.49% | 3.61% | 3.20% | 0.59% | -6.30% | 1.75% | -8.85% | -4.94% |
| 2017 | 1.89% | 3.95% | 0.00% | 1.00% | 1.33% | 0.49% | 2.07% | 0.21% | 1.84% | 2.30% | 2.76% | 1.30% | 20.83% |
| 2016 | -5.29% | -0.44% | 7.09% | 0.83% | 1.92% | 0.55% | 3.91% | 0.13% | 2.66% | -1.78% | 3.49% | 6.37% | 20.51% |
| 2015 | -3.07% | 5.62% | -1.50% | 0.83% | 1.38% | -2.17% | 1.94% | -6.11% | -2.61% | 8.17% | 0.28% | -1.53% | 0.39% |
| 2014 | -3.30% | 4.55% | 1.09% | 0.77% | 2.29% | 2.10% | -1.33% | 3.89% | -1.44% | 2.34% | 2.71% | -0.31% | 13.88% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, MWATX is among the top 14% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Metropolitan West AlphaTrak 500 Fund (MWATX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Metropolitan West AlphaTrak 500 Fund provided a 117.04% dividend yield over the last twelve months, with an annual payout of $13.80 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $13.80 | $0.60 | $0.40 | $3.72 | $0.98 | $1.09 | $0.19 | $0.08 | $0.18 | $0.01 | $0.08 |
Dividend yield | 117.04% | 5.33% | 4.36% | 30.49% | 7.87% | 9.52% | 2.01% | 0.77% | 2.07% | 0.11% | 1.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West AlphaTrak 500 Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $13.50 | $13.93 | ||
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.30 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.27 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $3.60 | $3.72 |
| 2020 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.80 | $0.98 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.89 | $1.09 |
| 2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.19 |
| 2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.08 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.18 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2014 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Metropolitan West AlphaTrak 500 Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Metropolitan West AlphaTrak 500 Fund was 70.59%, occurring on Mar 9, 2009. Recovery took 972 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.59% | Oct 10, 2007 | 354 | Mar 9, 2009 | 972 | Jan 17, 2013 | 1326 |
| -52.14% | Sep 5, 2000 | 523 | Oct 9, 2002 | 1031 | Nov 14, 2006 | 1554 |
| -36.35% | Feb 20, 2020 | 23 | Mar 23, 2020 | 99 | Aug 12, 2020 | 122 |
| -27.38% | Dec 30, 2021 | 198 | Oct 12, 2022 | 297 | Dec 18, 2023 | 495 |
| -19.02% | Sep 21, 2018 | 65 | Dec 24, 2018 | 69 | Apr 4, 2019 | 134 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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