CAREERS NEWSROOM CONTACT
Clients Go

Ultra Short Bond Fund – Performance

PRINTER FRIENDLY
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.
 
Daily Snapshot

09/05/2008
Ticker MWUIX
NAV 4.35
Daily NAV change ($) $-0.01
YTD Return -9.39%

Net Performance Total Returns 06/30/2008
Morningstar Ratings (Overall)
2-Star Overall Morningstar Rating based on risk-adjusted returns as of 06/30/2008 among 113 Ultrashort Bond Funds.
 
Annualized
Q2 '08 YTD 1-Year 3-Year 5-Year 10-Year Since
Incept.
07/31/2004
MWUIX1 -0.59% -6.28% -5.90% 1.10% - - 1.48%
Merrill Lynch 1 Year UST Index2 -0.18% 1.94% 5.42% 4.49% - - 3.82%
Under / Outperformance -41 bps -822 bps -1132 bps -339 bps - - -234 bps


Chart

You should consider the fund’s investment objectives, risks, charges, and expenses carefully before investing. Click here to obtain a prospectus which contains this and other information on the fund. Please read the prospectus carefully before you invest. Consult the prospectus for more information.

Calculations include reinvestment of all distributions. Returns for periods less than one year are cumulative. Performance would have been lower if fees had not been waived in various periods. For MWUIX the total expense ratio is 0.38% and the net expense ratio is 0.34%. Expenses reflect a contractual agreement by the Advisor to reduce its fees and/or absorb expenses to limit the fund’s total annual operating expenses for the current fiscal year. The advisor voluntarily extended the agreement for the current fiscal year, and expects to renew the contractual expense limitation each year in May.

Bond Funds have the same interest rate, high yield and credit risks associated with the underlying bonds in the portfolio, all of which could reduce the Fund’s value. As interest rates rise, the value of the Fund can decline and an investor can lose principal.

The index listed is unmanaged, and is not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees, or other expenses. The securities in the fund may differ substantially from those in the index.

1 Total return figures assume reinvestment of all distributions. Total returns reflect fee waivers in effect. Without fee waivers, returns would have been lower.

2 The Merrill Lynch 1 Year U.S. Treasury Index is an unmanaged index not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses. The securities in the Fund may differ substantially from those in the index.

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. As of 6/30/08 the Metropolitan West Ultra-Short Bond Fund I-Class was rated 2 stars for the 3-year period against 113 U.S.-Domiciled Ultrashort Bond Funds respectively.

 

PROSPECTUS TERMS OF USE PRIVACY POLICY