Metropolitan West Low Duration Bond has seen some team turnover, but it still benefits from an impressive remaining team that executes a time-tested approach. However, a recent manager departure and the uncertainty it creates led to a downgrade of the strategy's People Pillar to Above Average from High. As a result, its Morningstar Analyst Rating has been downgraded to Silver from Gold on its cheapest share classes, while its more-expensive share classes earn Bronze and Neutral ratings.
Will MWLDX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MWLDX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MWLDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MWLDX’s parent organization’s priorities and whether they’re in line with investors’ interests.