TCW MetWest Unconstrained Bd I (MWCIX)
| Fund Assets | 2.68B |
| Expense Ratio | 0.75% |
| Min. Investment | $3,000,000 |
| Turnover | 188.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 6.35% |
| Dividend Growth | -5.19% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.40 |
| YTD Return | 2.00% |
| 1-Year Return | 2.98% |
| 5-Year Return | 6.88% |
| 52-Week Low | 10.19 |
| 52-Week High | 10.54 |
| Beta (5Y) | 0.16 |
| Holdings | 929 |
| Inception Date | Sep 30, 2011 |
About MWCIX
TCW MetWest Unconstrained Bond Fund Class I is an actively managed mutual fund in the nontraditional bond category, designed to pursue positive long-term returns independent of broad market direction. The strategy employs a flexible, benchmark-agnostic approach that can allocate across global fixed income, including investment-grade and high yield corporates, securitized credit, government bonds, and foreign issuers, with the mandate to invest at least a substantial majority of assets in bonds in the U.S. and abroad across varying maturities. The fund emphasizes dynamic duration and yield-curve positioning, sector rotation, and security selection, allowing managers to adjust interest-rate exposure and credit risk as conditions evolve. It distributes income monthly and has a Class I minimum investment tailored to institutions. The vehicle’s role in the market is to provide diversifying fixed-income exposure that can navigate shifting rate regimes and credit cycles by expanding beyond traditional benchmark constraints. Managed by TCW/MetWest’s fixed-income team, it targets risk-adjusted total return through active management, liquidity oversight, and broad opportunity sourcing across hundreds of holdings.
Performance
MWCIX had a total return of 2.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.93%.
Top 10 Holdings
16.21% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 0.03875% | T.3.875 06.30.30 | 4.44% |
| Tcw Fds | TGCXX | 3.91% |
| Government National Mortgage Association 0.055% | G2SF.5.5 7.11 | 1.40% |
| Tcw Private Asset Income Fund | TPYTX | 1.19% |
| Government National Mortgage Association 0.05% | G2SF.5 7.11 | 1.07% |
| Federal Home Loan Mortgage Corp. 0.045% | FR.SD8275 | 0.99% |
| Federal National Mortgage Association 0.035% | FNCL.3.5 7.11 | 0.87% |
| Federal National Mortgage Association 0.045% | FNCL.4.5 7.11 | 0.81% |
| Federal Home Loan Mortgage Corp. 0.04% | FR.SD8265 | 0.79% |
| Federal National Mortgage Association 0.05% | FNCL.5 7.11 | 0.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.04778 | Jul 31, 2025 |
| Jun 30, 2025 | $0.06395 | Jun 30, 2025 |
| May 30, 2025 | $0.0647 | May 30, 2025 |
| Apr 30, 2025 | $0.0555 | Apr 30, 2025 |
| Mar 31, 2025 | $0.05278 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04928 | Feb 28, 2025 |