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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 (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.