Description
The AlphaTrak 500 Fund is an enhanced equity index fund whose objective is to outperform the S&P 500. The Fund combines a short duration fixed income portfolio with non-leveraged investments in S&P 500 index futures and S&P 500 swaps. Under normal market conditions, the Fund will invest in S&P 500 index futures contracts and swaps with a contractual or "notional" value substantially equal to the Fund's total assets. The Fund normally invests at least 85% of assets in fixed-income securities rated investment grade or higher. Up to 15% may be invested in below investment grade debt rated as low as B. While offering higher yields, these securities generally are considered more speculative and are subject to greater risks than higher-rated bonds.

Management Team

All of MetWest's mutual funds and investment strategies are team-managed with a generalist/specialist structure. The AlphaTrak 500 Fund team has three managers:

Tad Rivelle Joined MetWest: 1996 Education: Yale (B.S.), USC (M.S.), UCLA (M.B.A.)	Steve Kane, CFA Joined MetWest: 1996 Education: UC, Berkeley (B.S.), University of Chicago (M.B.A.)

David Lippman Joined MetWest: 2001 Education: Drew University (B.A.), Hofstra University (J.D.)