Metropolitan West Investment Grade Credit Fund (MWIGX)

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Metropolitan West Investment Grade Credit Fund (MWIGX) is up 0.2% since the beginning of the year. MWIGX is currently trading at $8 per share. Investors who bought $1,000 worth of MWIGX shares 5 years ago would now be looking at an investment worth $1,038.

Metropolitan West Investment Grade Credit Fund (MWIGX) has returned 0.20% so far this year and 4.77% over the past 12 months.

Based on dividend-adjusted daily data since Jul 18, 2018, MWIGX's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.

Historically, 63% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +4.2%, while the worst month was Sep 2022 at -4.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.

On a daily basis, MWIGX closed higher 39% of trading days. The best single day was Dec 31, 2019 with a return of +1.7%, while the worst single day was Mar 19, 2020 at -2.0%.

Metropolitan West Investment Grade Credit Fund has an annualized alpha of 2.98%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 19, 2018.

• This fund participated in 18.03% of S&P 500 Index downside but only 15.93% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

MWIGX has a high expense ratio of 1.87%, indicating above-average management fees.

MWIGX ranks 36 for risk / return — below 36% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Metropolitan West Investment Grade Credit Fund (MWIGX) and compare them to S&P 500 Index.

Metropolitan West Investment Grade Credit Fund provided a 4.06% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

The table displays the monthly dividend distributions for Metropolitan West Investment Grade Credit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Metropolitan West Investment Grade Credit 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 Investment Grade Credit Fund was 18.32%, occurring on Oct 20, 2022. Recovery took 714 trading sessions.

The current Metropolitan West Investment Grade Credit Fund drawdown is 1.06%.

The chart below shows the rolling one-month volatility.