PortfoliosLab logo
PortfoliosLab logo
Tools
Portfolios
Screeners
Discussions
Metropolitan West Strategic Income Fund (MWSTX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Metropolitan West Strategic Income Fund (MWSTX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

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 above-average management fees.

Share Price Chart

Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Metropolitan West Strategic Income Fund

Performance

Performance Chart

Loading data...

S&P 500

Returns By Period

Metropolitan West Strategic Income Fund (MWSTX) returned 2.38% year-to-date (YTD) and 8.26% over the past 12 months. Over the past 10 years, MWSTX returned 2.90% annually, underperforming the S&P 500 benchmark at 10.85%.

MWSTX

YTD

2.38%

1M

-0.16%

6M

1.94%

1Y

8.26%

3Y*

5.06%

5Y*

3.76%

10Y*

2.90%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.61%1.49%-0.02%0.45%-0.16%2.38%
20240.77%-0.75%1.03%-1.25%1.24%0.95%1.69%1.51%0.98%-1.00%1.19%-0.44%6.04%
20232.52%-1.05%1.08%1.16%-0.28%0.20%0.83%0.19%-1.00%-0.84%3.18%2.61%8.81%
2022-0.95%-0.75%-2.21%-1.69%0.45%-1.75%1.69%-1.19%-2.50%-0.57%2.22%0.32%-6.84%
20210.37%0.77%0.05%0.62%0.16%0.35%0.05%0.11%0.23%-0.49%-0.15%0.12%2.20%
20200.78%0.08%-7.82%3.26%2.22%1.68%1.24%0.68%0.34%0.57%1.49%0.71%4.91%
20191.22%0.36%0.74%0.45%0.57%0.81%0.18%0.69%0.00%0.50%0.07%0.10%5.83%
20180.10%-0.12%0.02%-0.23%0.15%-0.11%0.16%0.47%0.31%-0.12%-0.24%0.29%0.68%
20170.36%0.46%0.16%0.33%0.62%0.13%0.11%0.69%0.15%0.41%0.27%0.05%3.81%
20160.16%-0.49%0.33%0.95%-0.01%0.48%0.89%0.25%0.32%0.04%-0.27%0.25%2.91%
20150.33%0.17%0.19%0.17%-0.05%-0.02%-0.13%-0.34%-0.24%-0.21%0.19%-0.20%-0.15%
20140.37%0.51%-0.04%0.52%0.41%0.16%0.51%0.01%-0.01%-0.11%0.26%-0.08%2.54%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, MWSTX 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.

The Risk-Adjusted Performance Rank of MWSTX is 9494
Overall Rank
The Sharpe Ratio Rank of MWSTX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of MWSTX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of MWSTX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of MWSTX is 9797
Calmar Ratio Rank
The Martin Ratio Rank of MWSTX is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Metropolitan West Strategic Income Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 2.30
  • 5-Year: 0.94
  • 10-Year: 0.84
  • All Time: 0.92

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Metropolitan West Strategic Income Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Metropolitan West Strategic Income Fund provided a 7.12% dividend yield over the last twelve months, with an annual payout of $0.44 per share.

2.00%4.00%6.00%8.00%10.00%12.00%$0.00$0.20$0.40$0.60$0.8020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.44$0.43$0.47$0.72$0.65$0.43$0.33$0.30$0.28$0.28$0.22$0.15

Dividend yield

7.12%7.00%7.54%11.67%8.77%5.46%4.13%3.88%3.49%3.49%2.70%1.78%

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.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.03$0.04$0.04$0.00$0.14
2024$0.04$0.03$0.02$0.04$0.04$0.04$0.04$0.03$0.03$0.04$0.04$0.03$0.43
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

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.

Loading data...

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 37.20%, occurring on Mar 19, 2009. Recovery took 354 trading sessions.

The current Metropolitan West Strategic Income Fund drawdown is 0.16%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-37.2%May 16, 2007463Mar 19, 2009354Aug 13, 2010817
-11.19%Mar 6, 202014Mar 25, 202089Jul 31, 2020103
-11.12%Oct 4, 2021265Oct 20, 2022296Dec 26, 2023561
-4.05%Jun 1, 201188Oct 4, 2011123Mar 30, 2012211
-2.55%Jul 30, 20036Aug 6, 20032Aug 8, 20038
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...