Related Info

Literature &

Ultra Short Bond Fund – Overview


The Ultra Short Bond Fund seeks to maximize current income, consistent with the preservation of capital.

The Fund pursues its objective by investing, under normal circumstances, at least 90% of its net assets in investment grade fixed income securities or unrated securities that are determined by the Adviser to be of similar quality. Up to 10% of the Fund’s net assets may be invested in securities rated below investment grade. The Fund also invests at least 80% of its net assets plus borrowings for investment purposes in fixed income securities it regards as bonds. Under normal conditions, the portfolio duration is up to one year and the dollar-weighted average maturity normally exceeds one year. The Fund invests in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments. The Fund also seeks to maintain a low degree of share price fluctuation.

Investments may include various types of bonds and other securities, typically corporate bonds, notes, collateralized bond obligations, collateralized debt obligations, mortgage-related and asset backed securities, bank loans, money-market securities, municipal securities, credit default swaps, private placements, and restricted securities. These investments may have interest rates that are fixed, variable or floating.

Derivatives will be used in an effort to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques such as reverse repurchase agreements.

Management Team
All of MetWest's mutual funds and investment strategies are team-managed with a generalist/specialist structure. The Ultra Short Bond Fund team has four managers:

Tad Rivelle
Education: Yale (B.S.), USC (M.S.),

Steve Kane, CFA
Education: UC, Berkeley (B.S.), University of Chicago (M.B.A.)

Laird Landmann
Education: Dartmouth (B.A.),
University of Chicago (M.B.A.)

Mitch Flack
Education: UC, Santa Barbara (B.A.),
University of Chicago, (M.B.A.)

Bryan Whalen, CFA
Education: Yale (B.A.)


A Word About Risk
Fixed income investments entail interest rate risk, the risk of issuer default, issuer credit risk, and price volatility risk. Funds investing in bonds can lose their value as interest rates rise and an investor can lose principal.

Obtain a Prospectus
You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. A Fund’s Prospectus and Summary Prospectus contain this and other information about the Fund. To receive a Prospectus, please call 800-241-4671 or you may download the Prospectus. Please read it carefully.

The MetWest Funds are distributed by Foreside Funds Distributors LLC, which is not affiliated with TCW. The MetWest Funds are advised by Metropolitan West Asset Management, LLC, which is a wholly-owned subsidiary of The TCW Group, Inc.