Metropolitan West Ultra Short Bond Fund (MWUSX)
The investment seeks to maximize current income, consistent with preservation of capital. The fund pursues its objective by investing at least 90% of its net assets in investment grade fixed income securities or unrated securities determined by the Adviser to be of comparable quality. It also invests at least 80% of its net assets, plus any borrowings for investment purposes in fixed income securities it regards as bonds. The portfolio duration will remain within one year of its benchmark index, and its dollar-weighted average maturity can exceed one year.
Fund Info
ISIN | US5929058148 |
---|---|
CUSIP | 592905814 |
Issuer | Metropolitan West Funds |
Inception Date | Jun 30, 2003 |
Category | Ultrashort Bond |
Min. Investment | $5,000 |
Asset Class | Bond |
Expense Ratio
MWUSX has a high expense ratio of 0.50%, indicating higher-than-average management fees.
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 Ultra Short 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 Ultra Short Bond Fund had a return of 0.98% year-to-date (YTD) and 3.93% in the last 12 months. Over the past 10 years, Metropolitan West Ultra Short Bond Fund had an annualized return of 1.12%, while the S&P 500 had an annualized return of 10.71%, indicating that Metropolitan West Ultra Short Bond Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.98% | 8.76% |
1 month | 0.35% | -0.28% |
6 months | 3.22% | 18.36% |
1 year | 3.93% | 25.94% |
5 years (annualized) | 1.24% | 12.51% |
10 years (annualized) | 1.12% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.62% | -0.12% | 0.37% | -0.39% | ||||||||
2023 | 0.16% | 1.61% | 1.11% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MWUSX is 70, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
MWUSX (Metropolitan West Ultra Short Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Metropolitan West Ultra Short Bond Fund (MWUSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Metropolitan West Ultra Short Bond Fund granted a 4.32% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.18 | $0.16 | $0.07 | $0.02 | $0.04 | $0.11 | $0.08 | $0.05 | $0.05 | $0.03 | $0.03 | $0.04 |
Dividend yield | 4.32% | 4.00% | 1.76% | 0.48% | 0.95% | 2.66% | 1.81% | 1.07% | 1.07% | 0.70% | 0.65% | 1.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Metropolitan West Ultra Short 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.02 | $0.02 | $0.02 | $0.01 | ||||||||
2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2020 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2018 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
2013 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Metropolitan West Ultra Short 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 Ultra Short Bond Fund was 25.27%, occurring on Apr 15, 2009. Recovery took 742 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-25.27% | Dec 3, 2007 | 343 | Apr 15, 2009 | 742 | Mar 23, 2012 | 1085 |
-4.58% | Oct 4, 2021 | 265 | Oct 20, 2022 | 268 | Nov 14, 2023 | 533 |
-1.63% | Mar 10, 2020 | 10 | Mar 23, 2020 | 133 | Sep 30, 2020 | 143 |
-1.37% | Aug 3, 2007 | 19 | Aug 29, 2007 | 44 | Oct 31, 2007 | 63 |
-0.81% | May 22, 2013 | 24 | Jun 25, 2013 | 90 | Oct 31, 2013 | 114 |
Volatility
Volatility Chart
The current Metropolitan West Ultra Short Bond Fund volatility is 0.94%, 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.