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Fund Spy: Morningstar Medalist Edition

New Ratings on Funds From TCW, PIMCO, Weitz, and T. Rowe Price

Our list of rated funds continues to grow.

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We continue to add funds to our Morningstar Analyst Ratings for Funds list and to revisit existing ratings on funds. Below, we look at one reaffirmed rating and a few new ones.

 Metropolitan West Total Return Bond (MWTRX)
Reaffirmed Rating: Gold
We initially rated this intermediate-term bond fund Gold in November 2011. Its time-tested management team has favored a mix of nongovernment mortgage-backed securities and corporate debt since 2008's financial crisis. Its bargain-hunting style can lead to periodic short-term losses (such as its 7.6% loss between February and October 2008). Yet discipline and rigorous research resources have rewarded investors willing to weather those rough patches, and the fund's long-term risk-adjusted performance (by measures such as the Sharpe ratio and Morningstar Risk-Adjusted Returns) outpace the vast majority of its peers.

Michael Herbst does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.