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Trending ETFs

METROPOLITAN WEST STRATEGIC INCOME FUND

mutual fund
MWSIX
Payout Change
Pending
Price as of:
$6.28 +0.01 +0.16%
primary theme
Bond Sector Diversified
share class
MWSIX (Mutual Fund)

METROPOLITAN WEST STRATEGIC INCOME FUND

Payout Change
Pending
Price as of:
$6.28 +0.01 +0.16%
primary theme
Bond Sector Diversified
share class
MWSIX (Mutual Fund)

METROPOLITAN WEST STRATEGIC INCOME FUND

Payout Change
Pending
Price as of:
$6.28 +0.01 +0.16%
primary theme
Bond Sector Diversified
share class

Name

As of 10/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.28

$75.5 M

6.61%

$0.42

1.23%

Vitals

YTD Return

6.8%

1 yr return

12.0%

3 Yr Avg Return

2.4%

5 Yr Avg Return

3.1%

Net Assets

$75.5 M

Holdings in Top 10

30.0%

52 WEEK LOW AND HIGH

$6.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 77.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.28

$75.5 M

6.61%

$0.42

1.23%

MWSIX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 10.06%
DIVIDENDS
  • Dividend Yield 6.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    METROPOLITAN WEST STRATEGIC INCOME FUND
  • Fund Family Name
    TCW Family of Investment Companies
  • Inception Date
    Mar 31, 2004
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Laird Landmann

Fund Description

The Fund pursues its objective by utilizing a flexible investment approach that allocates investments across a range of global investment opportunities related to credit, currencies and interest rates. Satisfying the Fund’s objective would require it to achieve positive total returns over a full market cycle, i.e., a period of time generally understood to be contained between two consecutive periods of heightened default activity within the global fixed income markets. Total return includes income and capital gains, but the Fund’s strategy is also intended to produce high income.
To implement some or all of these strategies, the Fund’s portfolio investments typically include corporate bonds, mezzanine investments, bank loans, preferred stock, common stock, warrants, convertible bonds, municipal securities, mortgage-related and asset-backed securities (including collateralized debt obligations, which in turn include collateralized bond obligations and collateralized loan obligations), derivatives of asset-backed securities (including those involving net interest margins), other derivatives including credit default swaps and other swaps, currency
futures and other futures, and options, foreign securities, U.S. Treasuries and agency securities, cash and cash equivalents, private placements, defaulted debt securities, restricted securities and unrated securities. The Fund’s fixed income investments may have interest rates that are fixed, variable or floating.
Under normal circumstances, the average dollar-weighted credit quality of the Fund’s long-term debt investments is investment grade or unrated and determined by the Adviser to be of comparable quality. The Fund may invest up to 50% of its assets in debt securities rated below investment grade (commonly known as “junk bonds”), or unrated and determined by the Adviser to be of comparable quality.
The Fund invests in the U.S. and abroad, including emerging markets. The Fund may invest up to 25% of its assets in foreign securities that are denominated in U.S. dollars. Investments in securities of foreign issuers that are not denominated in U.S. dollars are limited to a maximum of 30% of the Fund’s assets. The Fund may also invest up to 15% of its assets in emerging market securities. Derivatives are used in an effort to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques.
The Fund may normally borrow or sell securities short each up to 33 1/3% of the value of its total assets.
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MWSIX - Performance

Return Ranking - Trailing

Period MWSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -7.8% 15.1% 44.10%
1 Yr 12.0% -4.4% 29.4% 48.55%
3 Yr 2.4%* -16.8% 17.1% 26.73%
5 Yr 3.1%* -14.0% 14.3% 31.83%
10 Yr 2.9%* -6.9% 7.0% 43.18%

* Annualized

Return Ranking - Calendar

Period MWSIX Return Category Return Low Category Return High Rank in Category (%)
2023 0.8% -12.0% 15.7% 77.25%
2022 -16.5% -31.8% 18.4% 79.34%
2021 -6.1% -26.6% 25.7% 94.50%
2020 -0.8% -49.2% 18.7% 69.77%
2019 1.5% -35.1% 15.3% 84.44%

Total Return Ranking - Trailing

Period MWSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -7.8% 15.1% 44.10%
1 Yr 12.0% -4.4% 29.4% 48.55%
3 Yr 2.4%* -16.8% 17.1% 26.73%
5 Yr 3.1%* -14.0% 14.3% 31.83%
10 Yr 2.9%* -6.9% 7.0% 43.18%

* Annualized

Total Return Ranking - Calendar

Period MWSIX Return Category Return Low Category Return High Rank in Category (%)
2023 9.7% -7.0% 22.2% 25.65%
2022 -5.7% -31.8% 21.1% 27.86%
2021 3.0% -13.5% 49.9% 33.01%
2020 5.3% -28.6% 24.1% 52.37%
2019 6.5% -4.8% 19.1% 72.68%

NAV & Total Return History


MWSIX - Holdings

Concentration Analysis

MWSIX Category Low Category High MWSIX % Rank
Net Assets 75.5 M 2.53 M 143 B 87.24%
Number of Holdings 536 4 9195 45.61%
Net Assets in Top 10 20.4 M -204 M 80.4 B 89.21%
Weighting of Top 10 30.01% 6.2% 209.5% 44.57%

Top 10 Holdings

  1. United States Treasury Bill 10.99%
  2. MSILF Government Portfolio 4.54%
  3. United States Treasury Bill 3.60%
  4. Fannie Mae or Freddie Mac 3.26%
  5. Fannie Mae or Freddie Mac 1.94%
  6. Freddie Mac Pool 1.27%
  7. Ginnie Mae 1.22%
  8. Fannie Mae or Freddie Mac 1.17%
  9. Fannie Mae or Freddie Mac 1.03%
  10. Fannie Mae or Freddie Mac 1.00%

Asset Allocation

Weighting Return Low Return High MWSIX % Rank
Bonds
88.79% 0.00% 192.97% 53.00%
Other
18.73% -73.61% 112.16% 15.25%
Cash
5.60% -94.66% 91.07% 35.44%
Convertible Bonds
1.45% 0.00% 33.50% 46.52%
Stocks
0.12% -4.92% 99.66% 60.86%
Preferred Stocks
0.00% 0.00% 26.42% 80.89%

Stock Sector Breakdown

Weighting Return Low Return High MWSIX % Rank
Real Estate
100.00% 0.00% 100.00% 1.70%
Utilities
0.00% 0.00% 100.00% 80.97%
Technology
0.00% 0.00% 28.30% 78.98%
Industrials
0.00% 0.00% 100.00% 86.08%
Healthcare
0.00% 0.00% 18.60% 79.55%
Financial Services
0.00% 0.00% 100.00% 87.22%
Energy
0.00% 0.00% 100.00% 93.75%
Communication Services
0.00% 0.00% 100.00% 82.67%
Consumer Defense
0.00% 0.00% 99.97% 79.26%
Consumer Cyclical
0.00% 0.00% 89.95% 82.10%
Basic Materials
0.00% 0.00% 100.00% 80.11%

Stock Geographic Breakdown

Weighting Return Low Return High MWSIX % Rank
US
0.12% -4.84% 99.66% 57.78%
Non US
0.00% -0.26% 17.73% 74.42%

Bond Sector Breakdown

Weighting Return Low Return High MWSIX % Rank
Securitized
59.92% 0.00% 99.65% 12.40%
Corporate
33.11% 0.00% 96.66% 53.74%
Cash & Equivalents
5.60% 0.00% 88.00% 32.77%
Government
0.55% 0.00% 99.43% 81.88%
Municipal
0.43% 0.00% 54.26% 22.58%
Derivative
0.10% -73.61% 112.16% 43.28%

Bond Geographic Breakdown

Weighting Return Low Return High MWSIX % Rank
US
87.37% 0.00% 192.97% 39.14%
Non US
1.42% 0.00% 74.14% 55.62%

MWSIX - Expenses

Operational Fees

MWSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.03% 20.67% 46.70%
Management Fee 0.65% 0.00% 2.29% 63.61%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

MWSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

MWSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MWSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 632.00% 47.03%

MWSIX - Distributions

Dividend Yield Analysis

MWSIX Category Low Category High MWSIX % Rank
Dividend Yield 6.61% 0.00% 23.30% 6.72%

Dividend Distribution Analysis

MWSIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MWSIX Category Low Category High MWSIX % Rank
Net Income Ratio 10.06% -1.55% 11.51% 0.94%

Capital Gain Distribution Analysis

MWSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MWSIX - Fund Manager Analysis

Managers

Laird Landmann


Start Date

Tenure

Tenure Rank

Jun 30, 2003

18.93

18.9%

Laird R. Landmann Group Managing Director Co-Director Fixed Income U.S. Fixed Income Mr. Landmann is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). Mr. Landmann currently serves on the boards of the Trust Company of the West and the Metropolitan West Mutual Funds. He is a leader of the MetWest investment team that was recognized as Morningstar's Fixed Income Manager of the Year for 2005 and has been nominated for the award eight times. Prior to founding MetWest in 1996, Mr. Landmann was a principal and the co-director of fixed income at Hotchkis and Wiley. He also served as a portfolio manager and vice president at PIMCO. Mr. Landmann holds an AB in Economics from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

Stephen Kane


Start Date

Tenure

Tenure Rank

Jun 30, 2003

18.93

18.9%

Stephen M. Kane, CFA Group Managing Director U.S. Fixed Income Mr. Kane is a Generalist Portfolio Manager in the U.S. Fixed Income Group. He joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest). At MetWest, Mr. Kane was responsible for leading MetWest's AlphaTrak, Ultra Short and Liability Driven Investment (LDI) products, and he co-manages many of the firm's mutual funds. Under his co-leadership, the MetWest investment team was recognized as Morningstar's Fixed Income Manager of the Year for 2005. Prior to establishing MetWest, he was a fixed income portfolio manager at Hotchkis and Wiley. He also served as a Vice President at PIMCO. Mr. Kane earned a BS in Business from the University of California, Berkeley and an MBA from the University of Chicago Booth School of Business.

Bryan Whalen


Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

Bryan T. Whalen, CFA Group Managing Director U.S. Fixed Income Mr. Whalen is a Generalist Portfolio Manager in the U.S. Fixed Income Group. Mr. Whalen joined TCW in 2009 during the acquisition of Metropolitan West Asset Management LLC (MetWest) as co-head of the Securitized Products division. Prior to joining TCW, Mr. Whalen was a partner and co-head of MetWest's Securitized Products division. Prior to joining MetWest in 2004, he was a director in the fixed income department at Credit Suisse First Boston in New York. Previously, he was a vice president at Donaldson, Lufkin & Jenrette. Mr. Whalen earned a BA in Economics from Yale University. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.73 3.19