| Additional Disclosures |
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Bond
Markets in Focus
May 29, 2009
Tad Rivelle discusses concerns about a further sell off in the
Treasury bond market.
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Investment strategies may not achieve the desired
results due to implementation lag, other timing factors, portfolio
management decision-making, economic or market conditions or other
unanticipated factors. The views and forecasts expressed in this
video are as of May 29, 2009, are subject to change without notice,
may not come to pass, and do not represent a recommendation or
offer of any particular security, strategy, or investments.
Securities
or sectors discussed are not recommendations and are presented
as examples of issue selection or portfolio management processes.
They have been picked for comparison or illustration purposes only.
No security presented within is either offered for sale or purchase.
U.S. Treasuries are guaranteed by the full faith and credit of
the U.S. Government. Mutual funds are not guaranteed and involve
risk including the possible loss of principal. High yield investments
by the Funds in lower-rated and non-rated securities present a
greater risk of loss of principal and interest than higher-rated
securities. MetWest reserves the right to change its investment
perspective and outlook without notice as market conditions dictate.
While we have gathered this information from
sources believed to be reliable, MetWest cannot guarantee the accuracy
of the information provided. Metropolitan West Asset Management
LLC had no editorial control over the content of this material.
The performance data quoted represents past
performance and does not guarantee future results. Current performance
may be lower or higher. Click here to obtain the most recent month-end
performance. Investment return and principal value of the fund
will fluctuate, and shares may be worth more or less than their
original cost when redeemed.
For MWTIX the total expense ratio is 0.44%. For MWLIX
the total expense ratio is 0.40% and the net expense ratio
is 0.39%.
MWTIX received a 4-Star Overall Morningstar Rating based on risk-adjusted
returns as of 3/31/2009 among 993 Intermediate-Term Bond Funds.
For each fund with at least a three-year history, Morningstar calculates
a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return
measure that accounts for variation in a fund’s monthly performance
(including the effects of sales charges, loads, and redemption
fees), placing more emphasis on downward variations and rewarding
consistent performance. The top 10% of funds in each category receive
5 stars, the next 22.5% receive 4 stars, the next 35% receive 3
stars, the next 22.5% receive 2 stars and the bottom 10% receive
1 star. (Each share class is counted as a fraction of one fund
within this scale and rated separately, which may cause slight
variations in the distribution percentages.) The Overall Morningstar
Rating for a fund is derived from a weighted average of the performance
figures associated with its three-, five- and ten-year Morningstar
Rating metrics. The Metropolitan West Total Return Bond Fund I-Class
was rated 4 stars for the 3-year period and 4 stars for the 5-year
period against 993 and 856 U.S.-Domiciled Intermediate-Term Bond
Funds respectively.
Morningstar designates a “Fund Manager of the Year” in
three categories each year based on its own research and an in-depth
evaluation by its editorial staff. Morningstar Analysts base this
designation on a number of criteria including calendar year returns,
long-term results, durable strategies and stewardship. MetWest
was designated the Fixed Income Fund Manager of the Year for 2005.
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