Metropolitan West Total Return Bond MMWTRX

Morningstar Rating

Fund Research and Analysis

by Sonya Morris, CFA

Metropolitan West Total Return Bond ranks among our favorites for many reasons.

Chief among this fund's many charms is its stable and talented management team. Firm founders Steve Kane, Laird Landmann, and Tad Rivelle have worked together since 1992, and David Lippman joined them in 2001. Read more

Kudos

The fund boasts an experienced, stable, and proven management team.

It charges lower expenses than its average peer.

It has performed well under a variety of market conditions. Read more

Risks

The fund's flexible approach can lead it to take on added credit risk or interest-rate risk, which could make short-term returns a bit unpredictable. Read more

Strategy

This fund attempts to outperform its peers through duration bets, yield-curve adjustments, sector rotation, and issue selection. Management argues that there are issue- and sector-level inefficiencies in the bond market because information is not always widely disseminated. Read more

Management

The fund's management team of Stephen Kane, Laird Landmann, and Tad Rivelle delivered solid returns at Hotchkis & Wiley and PIMCO before starting this fund in 1997. David Lippman joined the team in 2001. The team has also had success with Metropolitan West Low Duration Bond MWLDX, which follows a similar approach to this fund but carries less interest-rate risk. Read more

Inside Scoop

This fund's flexible approach can cause a few bumps in the road, but it also provides potential for greater yield and total return. Read more

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