TCW MetWest Ultra Short Bond M (MWUSX)
| Fund Assets | 43.71M |
| Expense Ratio | 0.51% |
| Min. Investment | $5,000 |
| Turnover | 553.00% |
| Dividend (ttm) | 0.17 |
| Dividend Yield | 4.07% |
| Dividend Growth | -6.33% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 4.180 |
| YTD Return | 1.88% |
| 1-Year Return | 2.33% |
| 5-Year Return | 7.68% |
| 52-Week Low | 4.110 |
| 52-Week High | 4.180 |
| Beta (5Y) | n/a |
| Holdings | 236 |
| Inception Date | Jun 30, 2003 |
About MWUSX
TCW MetWest Ultra Short Bond Fund Class M is an open‑end mutual fund focused on **ultra‑short‑duration fixed income**. Its primary objective is to maximize current income while preserving capital, using a flexible approach to manage credit exposure and limit interest rate sensitivity, which the managers describe as a central risk for bond investors. The portfolio spans high‑quality **government, agency mortgage‑backed, securitized, and investment‑grade corporate** instruments, with significant use of U.S. Treasury notes and agency MBS to anchor liquidity and quality. Positioned in the **Ultrashort Bond** category, the strategy aims to keep duration very low—generally around a year or less under normal conditions—to dampen price volatility from rate moves. The fund’s role in the market is to serve as a cash‑plus allocation, offering enhanced income over traditional cash vehicles while maintaining tight risk controls and broad diversification across hundreds of holdings. Key characteristics include a relatively high portfolio turnover reflecting active positioning, institutional‑style credit research from the TCW/Metropolitan West team, and daily liquidity for efficient cash management.
Performance
MWUSX had a total return of 2.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.70%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| MWUIX | Class I | 0.35% |
Top 10 Holdings
45.44% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes 0.03875% | T.3.875 07.31.27 | 16.52% |
| Tcw Fds | TGCXX | 11.49% |
| U.S. International Development Finance Corporation 0.0149% | DFC.1.49 08.15.31 2 | 3.08% |
| Federal National Mortgage Association 0.045% | FNCI.4.5 8.11 | 2.75% |
| Federal National Mortgage Association 0.05% | FNCI.5 8.11 | 2.74% |
| JPMorgan Chase & Co. 0.0104% | JPM.V1.04 02.04.27 | 2.16% |
| Federal National Mortgage Association 0.04% | FNCI.4 8.11 | 1.84% |
| Bank of America Corp. 0.03824% | BAC.V3.824 01.20.28 MTN | 1.81% |
| United States Treasury Notes 0.03875% | T.3.875 07.15.28 | 1.59% |
| Citigroup Inc. 0.01462% | C.V1.462 06.09.27 | 1.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0143 | Aug 29, 2025 |
| Jul 31, 2025 | $0.01376 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0143 | Jun 30, 2025 |
| May 30, 2025 | $0.0161 | May 30, 2025 |
| Apr 30, 2025 | $0.01211 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01438 | Mar 31, 2025 |