Metropolitan West Unconstrained Bond Fund (MWCIX)
The fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities and instruments it regards as bonds in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments. It may invest in both investment grade and "junk bonds", subject to investing no more than 50% of its total assets in securities rated below investment grade.
Fund Info
US5929057496
592905749
Sep 29, 2011
$3,000,000
Expense Ratio
MWCIX has an expense ratio of 0.76%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Metropolitan West Unconstrained Bond Fund (MWCIX) returned 2.59% year-to-date (YTD) and 8.18% over the past 12 months. Over the past 10 years, MWCIX returned 2.80% annually, underperforming the S&P 500 benchmark at 10.85%.
MWCIX
2.59%
-0.10%
2.08%
8.18%
4.58%
3.00%
2.80%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of MWCIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.74% | 1.45% | 0.22% | 0.25% | -0.10% | 2.59% | |||||||
| 2024 | 0.60% | -0.44% | 1.01% | -1.29% | 1.41% | 0.79% | 1.88% | 1.32% | 1.28% | -1.25% | 1.13% | -0.50% | 6.04% |
| 2023 | 2.97% | -1.43% | 1.27% | 0.92% | -0.41% | -0.12% | 0.67% | 0.18% | -1.18% | -1.10% | 3.23% | 2.78% | 7.91% |
| 2022 | -0.94% | -1.04% | -1.92% | -1.87% | -0.10% | -2.49% | 1.99% | -0.71% | -2.91% | -0.82% | 2.18% | 0.28% | -8.16% |
| 2021 | 0.29% | 0.03% | -0.28% | 0.63% | 0.30% | 0.22% | 0.39% | 0.06% | -0.12% | -0.37% | -0.28% | 0.18% | 1.06% |
| 2020 | 0.77% | 0.20% | -6.76% | 2.61% | 1.95% | 1.65% | 1.36% | 0.55% | 0.15% | 0.32% | 1.40% | 0.82% | 4.80% |
| 2019 | 1.11% | 0.48% | 0.79% | 0.60% | 0.50% | 0.94% | 0.24% | 0.75% | 0.09% | 0.32% | 0.20% | 0.29% | 6.49% |
| 2018 | -0.02% | -0.23% | 0.05% | -0.02% | 0.29% | 0.04% | 0.39% | 0.39% | 0.16% | -0.21% | -0.12% | 0.25% | 0.98% |
| 2017 | 0.54% | 0.43% | 0.27% | 0.30% | 0.50% | 0.38% | 0.30% | 0.47% | 0.15% | 0.20% | 0.13% | 0.25% | 3.99% |
| 2016 | 0.08% | -0.07% | 0.56% | 0.79% | 0.29% | 0.46% | 0.64% | 0.38% | 0.38% | 0.13% | -0.20% | 0.26% | 3.75% |
| 2015 | 0.13% | 0.33% | 0.16% | 0.16% | 0.17% | -0.29% | -0.08% | -0.32% | 0.00% | 0.11% | 0.11% | -0.14% | 0.34% |
| 2014 | 0.60% | 0.52% | 0.35% | 0.44% | 0.67% | 0.36% | 0.41% | -0.01% | -0.08% | 0.26% | 0.08% | -0.06% | 3.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 94, MWCIX is among the top 6% 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 Unconstrained Bond Fund (MWCIX) 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 Unconstrained Bond Fund provided a 6.38% dividend yield over the last twelve months, with an annual payout of $0.66 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.66 | $0.68 | $0.68 | $0.50 | $0.45 | $0.44 | $0.46 | $0.42 | $0.34 | $0.36 | $0.25 | $0.25 |
Dividend yield | 6.38% | 6.64% | 6.54% | 4.87% | 3.80% | 3.69% | 3.88% | 3.62% | 2.81% | 3.05% | 2.13% | 2.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West Unconstrained 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.05 | $0.05 | $0.06 | $0.00 | $0.20 | |||||||
| 2024 | $0.06 | $0.06 | $0.04 | $0.07 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.07 | $0.05 | $0.06 | $0.68 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.68 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.06 | $0.07 | $0.04 | $0.05 | $0.50 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | $0.45 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.12 | $0.44 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.46 |
| 2018 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.42 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.06 | $0.34 |
| 2016 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.10 | $0.36 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
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 Unconstrained 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 Unconstrained Bond Fund was 11.82%, occurring on Oct 20, 2022. Recovery took 405 trading sessions.
The current Metropolitan West Unconstrained Bond Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.82% | Sep 16, 2021 | 277 | Oct 20, 2022 | 405 | Jun 3, 2024 | 682 |
| -10.67% | Mar 5, 2020 | 13 | Mar 23, 2020 | 91 | Jul 31, 2020 | 104 |
| -2.96% | May 13, 2013 | 31 | Jun 25, 2013 | 110 | Nov 29, 2013 | 141 |
| -2.29% | Nov 9, 2011 | 15 | Nov 30, 2011 | 43 | Feb 2, 2012 | 58 |
| -1.99% | Oct 3, 2024 | 20 | Oct 30, 2024 | 64 | Feb 4, 2025 | 84 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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