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
| ISIN | US5929056654 |
|---|---|
| CUSIP | 592905665 |
| Issuer | Metropolitan West Funds |
| Inception Date | Jun 29, 2018 |
| Category | Corporate Bonds |
| Min. Investment | $3,000,000 |
| Asset Class | Bond |
Expense Ratio
MWCBX has a high expense ratio of 2.40%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Metropolitan West Corporate Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Metropolitan West Corporate Bond Fund had a return of -0.91% year-to-date (YTD) and 4.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.91% | 11.29% |
| 1 month | 2.64% | 4.87% |
| 6 months | 6.39% | 17.88% |
| 1 year | 4.28% | 29.16% |
| 5 years (annualized) | 1.68% | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
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 | 0.12% | -1.79% | 1.10% | -2.89% | -0.91% | ||||||||
| 2023 | 4.40% | -3.47% | 2.59% | 1.20% | -1.57% | 0.10% | 0.23% | -0.57% | -2.99% | -2.00% | 6.05% | 4.67% | 8.41% |
| 2022 | -3.16% | -1.94% | -2.65% | -5.25% | 0.97% | -2.84% | 3.10% | -3.06% | -5.58% | -1.24% | 5.05% | -0.52% | -16.31% |
| 2021 | -0.98% | -1.54% | -1.60% | 0.95% | 0.66% | 1.68% | 1.39% | -0.26% | -1.00% | 0.17% | 0.01% | -0.24% | -0.83% |
| 2020 | 2.70% | 1.42% | -3.99% | 4.71% | 0.97% | 1.73% | 2.46% | -0.88% | -0.05% | -0.16% | 2.61% | 0.50% | 12.42% |
| 2019 | 1.97% | 0.10% | 2.90% | 0.73% | 1.78% | 2.82% | 0.20% | 3.46% | -0.77% | 0.52% | 0.35% | 0.13% | 15.06% |
| 2018 | 0.30% | 1.83% | -0.36% | -1.02% | 0.19% | 1.86% | 2.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MWCBX is 12, indicating that it is in the bottom 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MWCBX (Metropolitan West Corporate Bond Fund)
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.
Dividends
Dividend History
Metropolitan West Corporate Bond Fund granted a 3.90% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.26 | $0.31 | $0.69 | $0.83 | $0.31 |
Dividend yield | 3.90% | 3.68% | 3.02% | 2.93% | 6.15% | 7.86% | 3.15% |
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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.12 | |||||||
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 | $0.31 |
| 2020 | $0.09 | $0.08 | $0.11 | $0.07 | $0.06 | $0.06 | $0.05 | $0.03 | $0.03 | $0.02 | $0.02 | $0.08 | $0.69 |
| 2019 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.08 | $0.08 | $0.08 | $0.09 | $0.15 | $0.83 |
| 2018 | $0.02 | $0.05 | $0.05 | $0.05 | $0.06 | $0.08 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 22.63%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current Metropolitan West Corporate Bond Fund drawdown is 11.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.63% | Sep 15, 2021 | 279 | Oct 21, 2022 | — | — | — |
| -12.83% | Mar 10, 2020 | 9 | Mar 20, 2020 | 54 | Jun 8, 2020 | 63 |
| -5.03% | Jan 4, 2021 | 52 | Mar 18, 2021 | 84 | Jul 19, 2021 | 136 |
| -2.92% | Sep 5, 2019 | 7 | Sep 13, 2019 | 54 | Nov 29, 2019 | 61 |
| -1.97% | Aug 7, 2020 | 15 | Aug 27, 2020 | 58 | Nov 18, 2020 | 73 |
Volatility
Volatility Chart
The current Metropolitan West Corporate Bond Fund volatility is 1.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.