Metropolitan West Corporate Bond Fund (MWCBX)
The advisor pursues the fund's 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.
Fund Info
US5929056654
592905665
Jun 29, 2018
$3,000,000
Expense Ratio
MWCBX has a high expense ratio of 2.40%, indicating above-average management fees.
Share Price Chart
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Performance
Performance Chart
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Returns By Period
MWCBX
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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 MWCBX, 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 | 1.48% | -0.58% | 2.39% | -1.54% | 3.41% | 2.24% | 4.12% | 3.22% | 3.16% | -1.43% | 396.71% | 483.75% | |
| 2023 | 5.55% | -2.40% | 3.85% | 2.45% | -0.32% | 1.41% | 1.62% | 0.77% | -1.72% | -0.51% | 7.57% | 5.98% | 26.46% |
| 2022 | -2.42% | -1.23% | -1.82% | -4.41% | 1.88% | -1.86% | 4.11% | -2.09% | -4.55% | -0.10% | 6.24% | 0.61% | -6.05% |
| 2021 | -0.25% | -0.82% | -0.64% | 1.77% | 1.44% | 2.46% | 2.19% | 0.51% | -0.28% | 0.87% | 0.77% | 2.98% | 11.47% |
| 2020 | 6.10% | 4.62% | 0.15% | 7.35% | 3.44% | 3.87% | 4.28% | 0.30% | 0.88% | 0.67% | 3.53% | 3.31% | 45.67% |
| 2019 | 3.88% | 2.14% | 5.03% | 2.93% | 3.92% | 4.99% | 2.19% | 6.53% | 2.11% | 3.47% | 3.75% | 6.21% | 58.58% |
| 2018 | 1.11% | 4.02% | 1.79% | 0.91% | 2.64% | 5.35% | 16.82% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, MWCBX is among the top 4% 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 Corporate Bond Fund (MWCBX) 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 Corporate Bond Fund provided a 1.96% dividend yield over the last twelve months, with an annual payout of $0.89 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.89 | $1.68 | $1.32 | $1.57 | $3.43 | $4.16 | $1.57 |
Dividend yield | 1.96% | 18.38% | 15.09% | 14.63% | 30.75% | 39.29% | 15.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West Corporate Bond 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 | $0.15 | $0.13 | $0.14 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 | $0.14 | $0.15 | $0.00 | $1.47 | |
| 2023 | $0.12 | $0.12 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.15 | $0.14 | $0.15 | $0.15 | $0.14 | $1.68 |
| 2022 | $0.10 | $0.09 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.12 | $0.12 | $1.32 |
| 2021 | $0.10 | $0.10 | $0.13 | $0.11 | $0.10 | $0.10 | $0.11 | $0.11 | $0.10 | $0.09 | $0.10 | $0.42 | $1.57 |
| 2020 | $0.43 | $0.41 | $0.53 | $0.33 | $0.32 | $0.28 | $0.24 | $0.16 | $0.13 | $0.11 | $0.12 | $0.38 | $3.43 |
| 2019 | $0.23 | $0.25 | $0.26 | $0.27 | $0.27 | $0.27 | $0.26 | $0.39 | $0.38 | $0.38 | $0.44 | $0.77 | $4.16 |
| 2018 | $0.10 | $0.27 | $0.27 | $0.24 | $0.29 | $0.41 | $1.57 |
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 Corporate Bond 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 Corporate Bond Fund was 14.69%, occurring on Oct 21, 2022. Recovery took 70 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.69% | Jan 3, 2022 | 203 | Oct 21, 2022 | 70 | Feb 2, 2023 | 273 |
| -12.83% | Mar 10, 2020 | 9 | Mar 20, 2020 | 14 | Apr 9, 2020 | 23 |
| -4.89% | Feb 3, 2023 | 15 | Feb 24, 2023 | 25 | Mar 31, 2023 | 40 |
| -4.51% | Sep 1, 2023 | 34 | Oct 19, 2023 | 11 | Nov 3, 2023 | 45 |
| -3.63% | Jan 4, 2021 | 52 | Mar 18, 2021 | 30 | Apr 30, 2021 | 82 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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