The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher.  Performance data current to the most recent month-end may be obtained at www.mwamllc.com. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.  Without fee waivers, returns would have been lower.  The Fund offers two classes, the performance for which will vary due to fees and expenses.

30-day Yield – Institutional Class as of March 31, 3010: 4.46%

For MWTIX the total expense ratio is 0.44%. Expenses reflect a contractual agreement by the Adviser to reduce its fees and/or absorb expenses to limit the fund’s total annual operating expenses until March 31, 2011. For more information about fees and expenses, please read the prospectus.

Bond Funds have the same interest rate, 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.

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 Barclays Capital Aggregate Index is an unmanaged index of investment grade fixed-rate debt issues with maturities of at least one year. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees, or other expenses, and is not available for direct investment.

Shares of the Metropolitan West Funds are distributed by PFPC Distributors, Inc., 760 Moore Road, King of Prussia, PA 19406.

For each fund with at least a three-year history, Morningstar calculates as Morningstar Rating™ 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 5 stars for the 3-year period, 5 stars for the 5-year period and 5 stars for the 10-year period against 991, 866 and 501 U.S.-Domiciled Intermediate-Term Bond Funds respectively. Past performance is no guarantee of future results. Morningstar Rating is for the I share class only; other classes may have different performance characteristics.

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 April 16, 2010, 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 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. 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 and had no role in the selection of other persons who appear in the video. Mention of other asset managers or the products offered by other firms is not an offer of those securities or services by MetWest.

© 2010 Morningstar. Used by permission.