Metropolitan West High Yield Bond Fund (MWHYX)
The investment seeks to maximize long-term total return consistent with preservation of capital. The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in high yield bonds (commonly known as "junk bonds"), which are bonds rated below investment grade or unrated bonds determined by the Adviser to be of comparable quality. Under normal circumstances, the portfolio duration is two to eight years and the fund's dollar-weighted average maturity ranges from two to fifteen years.
Fund Info
US5929058718
592905871
Sep 30, 2002
$5,000
Expense Ratio
MWHYX has an expense ratio of 0.85%, placing it in the medium range.
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 High Yield 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 High Yield Bond Fund (MWHYX) returned 0.91% year-to-date (YTD) and 6.18% over the past 12 months. Over the past 10 years, MWHYX returned 4.02% annually, underperforming the S&P 500 benchmark at 10.35%.
MWHYX
0.91%
0.99%
1.12%
6.18%
4.14%
4.02%
^GSPC (Benchmark)
-3.93%
11.36%
-1.09%
10.19%
14.74%
10.35%
Monthly Returns
The table below presents the monthly returns of MWHYX, 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 | 0.96% | 0.70% | -0.53% | -0.54% | 0.33% | 0.91% | |||||||
| 2024 | 0.35% | 0.09% | 0.80% | -1.05% | 1.22% | 0.85% | 1.63% | 1.46% | 1.03% | -0.50% | 0.76% | -0.55% | 6.22% |
| 2023 | 3.52% | -1.60% | 0.64% | 1.38% | -1.00% | 1.08% | 1.21% | 0.12% | -1.11% | -1.21% | 3.88% | 3.56% | 10.77% |
| 2022 | -2.48% | -1.42% | -0.70% | -3.62% | -0.71% | -5.98% | 5.86% | -1.70% | -4.42% | 2.19% | 1.72% | -0.19% | -11.36% |
| 2021 | 0.37% | -0.04% | -0.37% | 1.03% | 0.30% | 0.85% | 0.29% | 0.49% | 0.35% | -0.46% | -1.02% | 1.56% | 3.38% |
| 2020 | 0.42% | -0.19% | -5.91% | 4.85% | 2.83% | 0.74% | 3.84% | 0.87% | -0.94% | 0.41% | 3.10% | 1.32% | 11.47% |
| 2019 | 3.89% | 1.18% | 0.80% | 1.30% | 0.07% | 1.69% | 0.66% | 0.35% | 0.22% | 0.42% | -0.10% | 1.24% | 12.30% |
| 2018 | 0.21% | -0.74% | -0.41% | 0.43% | -0.06% | 0.15% | 0.45% | 0.46% | 0.45% | -0.81% | -0.06% | -1.33% | -1.26% |
| 2017 | 0.73% | 1.11% | 0.29% | 0.81% | 0.72% | 0.28% | 0.80% | 0.18% | 0.57% | 0.27% | -0.02% | 0.34% | 6.23% |
| 2016 | -0.57% | -0.30% | 1.71% | 1.82% | 0.52% | 0.44% | 0.97% | 1.41% | 0.41% | 0.37% | -0.30% | 1.20% | 7.94% |
| 2015 | 0.18% | 1.77% | -0.76% | 0.77% | 0.04% | -1.39% | 0.62% | -1.21% | -1.91% | 2.21% | -0.83% | -1.58% | -2.16% |
| 2014 | 0.33% | 1.74% | 0.09% | 0.46% | 0.66% | 0.84% | -1.43% | 1.57% | -2.34% | 0.65% | -0.75% | -2.77% | -1.05% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, MWHYX is among the top 7% 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 High Yield Bond Fund (MWHYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Metropolitan West High Yield Bond Fund provided a 5.94% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.61 | $0.58 | $0.48 | $0.36 | $0.38 | $0.41 | $0.39 | $0.33 | $0.34 | $0.40 | $0.47 |
Dividend yield | 5.94% | 6.57% | 6.20% | 5.32% | 3.42% | 3.55% | 4.11% | 4.23% | 3.42% | 3.57% | 4.38% | 4.79% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West High Yield 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 | $0.00 | $0.00 | $0.14 | |||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.61 |
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.58 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2019 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.34 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.47 |
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 High Yield 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 High Yield Bond Fund was 29.13%, occurring on Dec 15, 2008. Recovery took 121 trading sessions.
The current Metropolitan West High Yield Bond Fund drawdown is 0.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.13% | Jun 5, 2007 | 386 | Dec 15, 2008 | 121 | Jun 10, 2009 | 507 |
| -15.19% | Nov 10, 2021 | 223 | Sep 29, 2022 | 427 | Jun 12, 2024 | 650 |
| -14.24% | Mar 5, 2020 | 13 | Mar 23, 2020 | 45 | May 27, 2020 | 58 |
| -12.4% | May 3, 2011 | 108 | Oct 4, 2011 | 204 | Jul 27, 2012 | 312 |
| -10.06% | Sep 3, 2014 | 364 | Feb 11, 2016 | 224 | Dec 30, 2016 | 588 |
Volatility
Volatility Chart
The current Metropolitan West High Yield Bond Fund volatility is 1.66%, 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.