Metropolitan West High Yield Bond I  MWHIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
High Yield Bond Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Avg Duration
   3.28 Yrs
   Avg Credit Quality
   BBB
As of 2009-09-30
Day Change
$ -0.01
  
NAV (2009-11-20)
$ 10.00
  
YTD Return % (2009-11-20)
50.31%
  
Total Assets ($ mil)
530
View Data Definitions
  Performance    
Growth of $10,000 Fund: Metropolitan West High Yield Bond I
(from 2003-03-31 to 2009-10-31) Category: High Yield Bond
Index: BarCap US Agg Bond TR USD
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 2003-03-31 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 50.31 55.87 7.15 6.88 --- 9.37
+/- Category 9.36 20.29 4.54 2.83 --- ---
+/- BarCap US Agg Bond TR USD 43.40 43.38 0.70 1.61 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 46.78 24.24 7.05 6.98 --- 9.22
Month-End (as of 2009-10-31) 49.22 41.21 7.24 6.95 --- 9.37
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 35.59 3.63 2.94 --- ---
On Distribution & Sale of Shares --- 26.05 3.96 3.50 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 471 funds), (5 yrs : out of 401 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
US Government 0.02
US Treasuries 0.00
TIPS 0.00
US Agency 0.02
Mortgage 0.26
Mortgage Pass-Thru 0.00
Mortgage CMO 0.26
Mortgage ARM 0.00
Credit 82.77
US Corporate 70.04
Asset-Backed 6.97
Convertible 4.02
Municipal 1.74
Corporate Inflation-Protected 0.00
Foreign 3.10
Foreign Corp 3.10
Foreign Govt 0.00
Cash 13.86
Bond Quality % of Bonds
AAA 8.6
AA 2.7
A 0.1
BBB 7.7
BB 80.9
B 0.0
Below B 0.0
Not Rated 0.0
 
Asset Allocation
% of Net Assets
Cash 13.6
Stocks 0.0
Bonds 80.7
Other 5.8
Foreign Stocks 0.0
(as a % of Assets)
Data through 2009-09-30 Data through 2009-09-30
 
Holding Status
Total Number of Stock Holdings Turnover % 107
Total Number of Bond Holdings 209 30 Day SEC Yield % 8.27
% of Assets in Top 10 Holdings 13.20 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Maturity
Date		 Amount
$000		 Value
$000		 % of Net
Assets
Pennsylvania Econ Dev Fin Rev Bds 6.75% 2036-12-01 7,535 7,844 1.72
Sabine Pass Lng L P 7.25% 2013-11-30 8,200 7,360 1.61
MASSEY ENERGY 2015-08-01 8,375 6,700 1.47
Southern Un FRN 2066-11-01 7,992 6,334 1.39
Continental Air 2007-1 6.903% 2022-04-19 6,842 5,884 1.29
Chase Cap Ii FRN 2027-02-01 8,390 5,715 1.25
United Air Lines 2014-02-01 6,964 5,206 1.14
Kelson 1st Lien 2013-03-08 5,663 5,182 1.14
Calpine Constr Fin Co L P / 144A 8% 2016-06-01 5,000 5,150 1.13
Fpl Engy Natl Wind Portfolio 144A 6.125% 2019-03-25 5,302 4,847 1.06
Data through 2009-09-30
  Other Information
Fund Inception: 2003-03-31
Portfolio Manager  (Start Date)
Stephen Kane  (2003-03-31)
STEPHEN KANE Generalist Portfolio Manager and Corporate Bond Specialist Prior to founding Metropolitan West Asset Management, he was a fixed income portfolio manager at Hotchkis and Wiley. Before that, he was VP & fixed income specialist at the Pacific Investment Management Company. Mr. Kane was responsible for managing client relationships on accounts totaling approximately $7 billion.
Laird Landmann  (2004-07-30)
Laird Landmann is a generalist portfolio manager, whose role is to co-manage security selection and the trade execution process for Metropolitan West Asset Management LLC. He has 21 years of investment experience and has been with MWAM since founding it in 1996.
Jamie Farnham  (2006-03-06)
Farnham is with Metropolitan West Asset Management LLC, his employer since November 2002. Prior to that, he served as an investment associate with Primus Venture Partners from July 1998. From October 1995 to July 1998, Farnham was an investment banking analyst at Merrill Lynch.
Gino Nucci  (2006-03-06)
Nucci joined the Metropolitan West Asset Management LLC since January 2004. From June 2003 to September 2003, he was an associate at Pacific Life Insurance Company. From April 1999 to March 2000, Nucci was an investment banking associate at Volpe Brown Whelan & Co.
Sales Charge %
(taken from prospectus dated 2009-07-31)
Front: None
Deferred: None
Expense Ratio % 0.55
based on net assets
(taken from annual report dated 2009-03-31)
Correspondence Information
11766 Wilshire Blvd
Suite 1580
Los Angeles,  CA  90025
USA
Telephone:
800-241-4671
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.