Metropolitan West Strategic Income Fund (MWSTX)
The fund pursues its objective by using techniques intended to provide absolute (positive) returns in all markets and employs a strategy intended to produce high income while exploiting disparities or inefficiencies in markets. The adviser focuses on inefficiencies related to secured or asset-backed debt compared with unsecured and subordinated debt or equity of companies and issuers. Additionally, the adviser focuses on longer-term cyclical anomalies in the fixed income markets to both enhance yield and realize potential price appreciation.
Fund Info
| ISIN | US5929058304 |
|---|---|
| CUSIP | 592905830 |
| Issuer | Metropolitan West Funds |
| Inception Date | Jun 29, 2003 |
| Category | Nontraditional Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
MWSTX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: MWSTX vs. MWFEX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Metropolitan West Strategic 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 Strategic Income Fund had a return of 5.08% year-to-date (YTD) and 9.24% in the last 12 months. Over the past 10 years, Metropolitan West Strategic Income Fund had an annualized return of 2.66%, while the S&P 500 had an annualized return of 11.39%, indicating that Metropolitan West Strategic Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.08% | 25.48% |
| 1 month | -0.52% | 2.14% |
| 6 months | 3.93% | 12.76% |
| 1 year | 9.24% | 33.14% |
| 5 years (annualized) | 2.79% | 13.96% |
| 10 years (annualized) | 2.66% | 11.39% |
Monthly Returns
The table below presents the monthly returns of MWSTX, 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 | 0.78% | -0.75% | 1.03% | -1.24% | 1.24% | 0.95% | 1.69% | 1.51% | 0.98% | -1.00% | 5.08% | ||
| 2023 | 2.52% | -1.05% | 1.07% | 1.17% | -0.28% | 0.20% | 0.83% | 0.18% | -1.01% | -0.84% | 3.18% | 2.61% | 8.82% |
| 2022 | -0.95% | -0.75% | -2.21% | -1.69% | 0.44% | -1.74% | 1.69% | -1.19% | -2.50% | -0.57% | 2.23% | 0.31% | -6.84% |
| 2021 | 0.37% | 0.77% | 0.04% | 0.62% | 0.16% | 0.35% | 0.07% | 0.11% | 0.23% | -0.49% | -0.15% | 0.12% | 2.20% |
| 2020 | 0.78% | 0.09% | -7.82% | 3.25% | 2.22% | 1.68% | 1.25% | 0.68% | 0.34% | 0.57% | 1.50% | 0.70% | 4.92% |
| 2019 | 1.22% | 0.36% | 0.74% | 0.44% | 0.57% | 0.81% | 0.18% | 0.69% | 0.00% | 0.50% | 0.06% | 0.10% | 5.83% |
| 2018 | 0.10% | -0.12% | 0.03% | -0.22% | 0.15% | -0.11% | 0.17% | 0.47% | 0.31% | -0.11% | -0.24% | 0.28% | 0.69% |
| 2017 | 0.36% | 0.46% | 0.16% | 0.32% | 0.62% | 0.12% | 0.11% | 0.70% | 0.15% | 0.41% | 0.27% | 0.05% | 3.82% |
| 2016 | 0.16% | -0.49% | 0.33% | 0.95% | -0.01% | 0.47% | 0.89% | 0.25% | 0.32% | 0.04% | -0.27% | 0.25% | 2.91% |
| 2015 | 0.33% | 0.17% | 0.19% | 0.17% | -0.05% | -0.03% | -0.13% | -0.34% | -0.24% | -0.21% | 0.19% | -0.20% | -0.15% |
| 2014 | 0.37% | 0.51% | -0.04% | 0.52% | 0.41% | 0.16% | 0.52% | 0.01% | -0.01% | -0.11% | 0.26% | -0.08% | 2.54% |
| 2013 | 0.95% | 0.42% | 0.77% | 1.06% | 0.15% | -1.40% | 0.20% | 0.04% | 0.24% | 0.87% | 0.22% | 0.21% | 3.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MWSTX is 76, placing it in the top 24% 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 Strategic Income Fund (MWSTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Metropolitan West Strategic Income Fund provided a 7.02% dividend yield over the last twelve months, with an annual payout of $0.43 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.47 | $0.72 | $0.65 | $0.43 | $0.33 | $0.30 | $0.28 | $0.28 | $0.22 | $0.15 | $0.28 |
Dividend yield | 7.02% | 7.54% | 11.67% | 8.77% | 5.46% | 4.13% | 3.88% | 3.49% | 3.49% | 2.70% | 1.78% | 3.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West Strategic 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 | $0.04 | $0.03 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.00 | $0.35 | |
| 2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2022 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.07 | $0.04 | $0.06 | $0.06 | $0.05 | $0.04 | $0.72 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.07 | $0.07 | $0.08 | $0.65 |
| 2020 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.05 | $0.05 | $0.43 |
| 2019 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2016 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.28 |
| 2015 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.02 | $0.03 | $0.03 | $0.22 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2013 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
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 Strategic 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 Strategic Income Fund was 37.19%, occurring on Mar 19, 2009. Recovery took 354 trading sessions.
The current Metropolitan West Strategic Income Fund drawdown is 1.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.19% | May 16, 2007 | 463 | Mar 19, 2009 | 354 | Aug 13, 2010 | 817 |
| -11.19% | Mar 6, 2020 | 14 | Mar 25, 2020 | 89 | Jul 31, 2020 | 103 |
| -11.13% | Oct 4, 2021 | 265 | Oct 20, 2022 | 296 | Dec 26, 2023 | 561 |
| -4.05% | Jun 1, 2011 | 88 | Oct 4, 2011 | 123 | Mar 30, 2012 | 211 |
| -2.55% | Jul 30, 2003 | 6 | Aug 6, 2003 | 2 | Aug 8, 2003 | 8 |
Volatility
Volatility Chart
The current Metropolitan West Strategic Income Fund volatility is 1.06%, 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.