Metropolitan West Total Return Bond is led by an impressive group of investors that executes a time-tested investment approach. However, an upcoming lead manager departure and the elevated potential for changes among senior leadership through 2022 has led to a downgrade of the strategy's People Pillar to Above Average from High. As a result, all share classes now earn a Morningstar Analyst Rating of Silver.
Metropolitan West Total Return Bd I MWTIX
NAV / 1-Day Return
9.70
/
0.33
%
Total Assets
69.9 Bil
Adj. Expense Ratio
0.440%
Expense Ratio
0.440%
Fee Level
Below Average
Longest Manager Tenure
25.37
years
Category
Intermediate Core-Plus Bond
Credit Quality / Interest Rate Sensitivity
Medium / ModerateMin. Initial Investment
3,000,000
Status
Open
TTM Yield
1.89%
Effective Duration
6.48
years
Morningstar’s Fund Analysis MWTIX
Will MWTIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MWTIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MWTIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of MWTIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Change is afoot.
