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.
Metropolitan West Low Duration Bd I MWLIX
NAV / 1-Day Return
8.37
/
0.13
%
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
Average
Longest Manager Tenure
25.25
years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
3,000,000
Status
Open
TTM Yield
1.23%
Effective Duration
1.96
years
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.
Change is afoot.
