Metropolitan West Ultra Short Bond Fund (MWUSX)

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Metropolitan West Ultra Short Bond Fund (MWUSX) is up 1.2% since the beginning of the year. MWUSX is currently trading at $4 per share. Investors who bought $1,000 worth of MWUSX shares 5 years ago would now be looking at an investment worth $1,122.

Metropolitan West Ultra Short Bond Fund (MWUSX) has returned 1.16% so far this year and 4.43% over the past 12 months. Over the last ten years, MWUSX has returned 1.93% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jun 30, 2003, MWUSX's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.

Historically, 76% of months were positive and 24% were negative. The best month was Jul 2009 with a return of +6.2%, while the worst month was Nov 2008 at -8.7%. The longest winning streak lasted 20 consecutive months, and the longest losing streak was 8 months.

On a daily basis, MWUSX closed higher 13% of trading days. The best single day was Mar 25, 2009 with a return of +1.1%, while the worst single day was Nov 13, 2008 at -1.5%.

Metropolitan West Ultra Short Bond Fund has an annualized alpha of 1.77%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since July 01, 2003.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (9.48%) than losses (7.15%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 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 0.01 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.

MWUSX has an expense ratio of 0.50%, placing it in the medium range.

MWUSX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Metropolitan West Ultra Short Bond Fund (MWUSX) and compare them to S&P 500 Index.

Metropolitan West Ultra Short Bond Fund provided a 3.85% dividend yield over the last twelve months, with an annual payout of $0.16 per share. The fund has been increasing its distributions for 4 consecutive years.

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.

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 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 25.25%, occurring on Apr 15, 2009. Recovery took 729 trading sessions.

The chart below shows the rolling one-month volatility.