Metropolitan West Flexible Income Fund (MWFEX)
The investment seeks a high level of current income with a secondary objective of long-term capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in fixed income securities and instruments that generate income. These investments include securities issued in the U.S. and abroad by domestic and foreign corporations and governments, including emerging markets.
Fund Info
| ISIN | US5929057157 |
|---|---|
| CUSIP | 592905715 |
| Issuer | Metropolitan West Funds |
| Inception Date | Nov 29, 2018 |
| Category | Multisector Bonds |
| Min. Investment | $3,000,000 |
| Asset Class | Bond |
Expense Ratio
MWFEX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MWFEX vs. MTGDX, MWFEX vs. MWSTX, MWFEX vs. VWAHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Metropolitan West Flexible Income 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 Flexible Income Fund had a return of 481.65% year-to-date (YTD) and 589.82% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 481.65% | 18.13% |
| 1 month | 0.00% | 1.45% |
| 6 months | 457.12% | 8.81% |
| 1 year | 589.82% | 26.52% |
| 5 years (annualized) | 120.04% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of MWFEX, 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 | 3.00% | 1.36% | 3.32% | 1.33% | 4.46% | 404.34% | 0.35% | 0.66% | 481.65% | ||||
| 2023 | 6.27% | 0.92% | 4.52% | 4.23% | 2.01% | 2.57% | 3.92% | 3.00% | 1.47% | 1.99% | 7.12% | 6.00% | 53.77% |
| 2022 | 2.30% | 2.22% | 1.17% | 1.07% | 2.83% | 0.75% | 5.75% | 2.05% | -0.21% | 3.70% | 5.87% | 3.11% | 35.01% |
| 2021 | 2.77% | 1.91% | 2.22% | 3.98% | 3.50% | 3.47% | 3.76% | 3.85% | 3.67% | 2.89% | 3.69% | 4.78% | 48.86% |
| 2020 | 8.67% | 10.53% | 6.64% | 10.48% | 7.29% | 7.39% | 4.03% | 3.03% | 2.70% | 2.52% | 4.37% | 4.10% | 99.92% |
| 2019 | 3.30% | 5.83% | 7.88% | 5.89% | 6.08% | 5.65% | 4.10% | 12.24% | 8.70% | 7.67% | 11.95% | 6.70% | 128.64% |
| 2018 | 1.37% | 1.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MWFEX is 87, placing it in the top 13% 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.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Metropolitan West Flexible Income Fund (MWFEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Metropolitan West Flexible Income Fund granted a 6.92% dividend yield in the last twelve months. The annual payout for that period amounted to $2.65 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $2.65 | $3.23 | $3.93 | $4.44 | $6.91 | $8.30 | $0.03 |
Dividend yield | 6.92% | 41.45% | 50.68% | 47.59% | 69.02% | 81.02% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West Flexible Income 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 | $0.24 | $0.21 | $0.21 | $0.27 | $0.26 | $0.00 | $0.14 | $0.25 | $0.00 | $1.57 | |||
| 2023 | $0.28 | $0.25 | $0.25 | $0.28 | $0.28 | $0.26 | $0.27 | $0.27 | $0.26 | $0.28 | $0.28 | $0.26 | $3.23 |
| 2022 | $0.39 | $0.36 | $0.32 | $0.34 | $0.31 | $0.32 | $0.30 | $0.35 | $0.35 | $0.36 | $0.27 | $0.27 | $3.93 |
| 2021 | $0.26 | $0.24 | $0.31 | $0.35 | $0.37 | $0.37 | $0.37 | $0.43 | $0.41 | $0.38 | $0.45 | $0.50 | $4.44 |
| 2020 | $0.82 | $1.03 | $0.93 | $0.82 | $0.67 | $0.67 | $0.39 | $0.31 | $0.29 | $0.27 | $0.31 | $0.41 | $6.91 |
| 2019 | $0.22 | $0.34 | $0.49 | $0.59 | $0.53 | $0.55 | $0.52 | $1.16 | $0.99 | $0.89 | $1.27 | $0.74 | $8.30 |
| 2018 | $0.03 | $0.03 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Metropolitan West Flexible Income 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 Flexible Income Fund was 6.74%, occurring on Mar 25, 2020. Recovery took 4 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.74% | Mar 5, 2020 | 15 | Mar 25, 2020 | 4 | Mar 31, 2020 | 19 |
| -4.82% | Sep 6, 2022 | 15 | Sep 26, 2022 | 5 | Oct 3, 2022 | 20 |
| -3.69% | Jun 1, 2022 | 10 | Jun 14, 2022 | 11 | Jun 30, 2022 | 21 |
| -3.33% | Mar 2, 2022 | 18 | Mar 25, 2022 | 4 | Mar 31, 2022 | 22 |
| -3.33% | Oct 5, 2022 | 12 | Oct 20, 2022 | 7 | Oct 31, 2022 | 19 |
Volatility
Volatility Chart
The current Metropolitan West Flexible Income Fund volatility is 0.00%, 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.