TCW, which is the parent to the TCW and Metropolitan West fund lineups, reported that it was the victim of a recent cyberattack, though the nature of the attack was not made public. It immediately hired a cyber-security firm to help inventory and clean the affected software systems. The firm's strategy assets are held with a bank custodian and therefore were not impacted. As TCW worked through the software issues, it confirmed that it was able to trade and manage portfolios without disruption. This news does not impact TCW's Average Parent rating.
Metropolitan West Low Duration Bd I MWLIX
NAV / 1-Day Return
8.91
/
0.00
%
Total Assets
2.4 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.420%
Expense Ratio
0.420%
Fee Level
Below Average
Longest Manager Tenure
23.91
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
3,000,000
Status
Open
TTM Yield
1.54%
Effective Duration
1.29
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MWLIX 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 MWLIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MWLIX 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 MWLIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
TCW Says No Evidence of Harm to Investors Following Cyberattack
