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Metropolitan West AlphaTrak 500 (MWATX) Fund Ranking and Research

Ranking, Research and Recommendation of Metropolitan West AlphaTrak 500 (MWATX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Metropolitan West AlphaTrak 500 Fund (MWATX) ManagerFund Manager - Tad M. Rivelle

Fund Manager Information

Fund Manager Tenure: 21.8 years
Fund Family: Metropolitan West Funds
Fund Category: Large Blend
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.72)     (What does this score mean?)

 

Graph of Metropolitan West AlphaTrak 500 Fund (MWATX) ProfileMetropolitan West AlphaTrak 500 Fund (MWATX) Profile

Fund Profile and Description

Metropolitan West AlphaTrak 500 Fund seeks a total return that exceeds the return of the S&P index. Metropolitan West AlphaTrak 500 Fund is an enhanced S&P 500 index fund that combines non-leveraged investments in the S&P 500 with a fixed-income portfolio. It normally invests in S&P 500 index futures contracts with a contractual or “notional” value substantially equal to the fund’s total assets. The portfolio duration is up to three years and the dollar-weighted average maturity ranges from one to five years. Metropolitan West AlphaTrak 500 Fund normally invests at least 85% of assets in fixed income securities rated at least investment grade. It invests up to 15% of assets in securities rated below investment grade.

 

Metropolitan West AlphaTrak 500 (MWATX) Fund Strength What we like about Metropolitan West AlphaTrak 500 (MWATX) Fund

Data for Metropolitan West AlphaTrak 500 Fund (MWATX) as of May 30, 2016

  • Metropolitan West AlphaTrak 500 Fund (MWATX) management has been with Metropolitan West AlphaTrak 500 Fund for 21.8 years
  • Metropolitan West AlphaTrak 500 Fund (MWATX) has good short-term performance (1-year return 1.07% vs -1.15% Large Blend category median performance)
  • Metropolitan West AlphaTrak 500 Fund (MWATX) has good mid-term performance (3-year return 10.90% vs 9.43% Large Blend category median performance)
  • Metropolitan West AlphaTrak 500 Fund (MWATX) has good Long-term performance (5-year return 11.87% vs 10.15% Large Blend category median performance)
  • Metropolitan West AlphaTrak 500 Fund (MWATX) ratio of up-years vs down years is greater than 2
  • Metropolitan West AlphaTrak 500 Fund (MWATX) is less volatile than its peers as it has a 3-year Standard Deviation of 11.49, lower than category average of 11.67
  • Metropolitan West AlphaTrak 500 Fund (MWATX) has a lower expense ratio than its Large Blend average: 0.90% vs 1.02%
  • Metropolitan West AlphaTrak 500 Fund (MWATX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Metropolitan West AlphaTrak 500 Fund (MWATX) Weakness What we are cautious about Metropolitan West AlphaTrak 500 (MWATX) Fund

Data for Metropolitan West AlphaTrak 500 Fund (MWATX) as of May 30, 2016

  • Metropolitan West AlphaTrak 500 Fund (MWATX) has a Morningstar rating of 3 and below
  • Metropolitan West AlphaTrak 500 Fund (MWATX) has an annual stock turnover rate of 59.00% that is higher than the Large Blend average of 53.12%. This could mean Metropolitan West AlphaTrak 500 is more nimble, but also signal potential high tax impact and high trading fees
See Metropolitan West AlphaTrak 500 Fund (MWATX) performance details as of May 30, 2016

 

What do you think?

 

Compare Metropolitan West AlphaTrak 500 Fund (MWATX)Compare with other top Large Blend category mutual funds

Aadditional top Large Blend mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Metropolitan West AlphaTrak 5003.771.0710.9011.87
Bright Rock Quality Large Cap Instl (BQLCX)7.755.9810.4611.67Compare
Fidelity Spartan Total Market Index F (FFSMX)3.370.1410.4511.10Compare
Voya Russell Large Cap Index Port S2 (IRLUX)2.551.2910.3911.09Compare

See top fund managers for Large Blend Category Funds

 

Compare Metropolitan West AlphaTrak 500 Fund (MWATX)Compare with Large Blend category ETFs

Some Large Blend ETFs for your consideration

ETFYear to DateOne YearThree Year
Guggenheim Russell Top 50 Mega Cap ETF (XLG)3.23%4.23%10.80%
ProShares Large Cap Core Plus (CSM)4.27%2.27%11.72%
iShares Russell Top 200 (IWL)2.28%1.75%11.00%
Vanguard Mega Cap ETF (MGC)3.22%1.57%10.85%
iShares Core S&P 500 (IVV)3.54%1.57%10.97%

 

Graph of Metropolitan West AlphaTrak 500 Fund (MWATX) Net Asset TrackingMetropolitan West AlphaTrak 500 (MWATX) Fund Net Asset

Track net asset change of Metropolitan West AlphaTrak 500 fund (MWATX)

DateNet Asset
05/2016$2.74M
03/2016$2.39M
02/2016$2.43M
More historic net asset information on Metropolitan West AlphaTrak 500 Fund (MWATX)

  

Graph of Metropolitan West AlphaTrak 500 Fund (MWATX) Portfolio TrackingMetropolitan West AlphaTrak 500 (MWATX) Fund Portfolio Allocation

Track portfolio allocation change of Metropolitan West AlphaTrak 500 fund (MWATX)

DateCashStockBondOther
03/201613.56%4.76%81.63%0.03%
12/201532.05%0%67.94%0%
09/201558.32%0%41.67%0%
Click here to see more historic asset allocation information on Metropolitan West AlphaTrak 500 Fund (MWATX)

 

graph of Metropolitan West AlphaTrak 500 Fund (MWATX) Top 10 Position TrackingTop 10 Holdings in Metropolitan West AlphaTrak 500 (MWATX) Fund

Discover what Metropolitan West AlphaTrak 500 Fund (MWATX) manager is buying

Mar 30, 2016
SPDR® S&P 500 ETF [4.89%]
Chase Cap Ii FRN [3.32%]
Terwin Mtg Tr 2004-13alt CMO 0.34% [2.97%]
General Elec Cap Corp Mtn Be FRN [2.58%]
Wells Fargo Mbs 2003-I CMO [2.43%]
FHLMC CMO 5% [2.22%]
Jp Morgan Chase Cmbs 2011-C3 CMO 3.6727% [2.15%]
FNMA FRN [2.13%]
US Treasury Note 0.577% [2.07%]
Morgan Stanley Cap 2007-Iq14 CMO 5.61% [1.78%]

Dec 30, 2015
Chase Cap Ii FRN [2.76%]
Terwin Mtg Tr 2004-13alt CMO 0.34% [2.38%]
General Elec Cap Corp Mtn Be FRN [2.07%]
Wells Fargo Mbs 2003-I CMO [2.06%]
1m Trs S&P500/Us0001m + 36bps (Bacr) Contract Swco [2.05%]
FHLMC CMO 5% [1.78%]
Continental Air 1997-4 6.9% [1.75%]
FNMA FRN [1.68%]
Slc Stud Ln Tr 2006-2 FRN [1.41%]
Morgan Stanley Cap 2007-Iq14 CMO 5.61% [1.39%]

Sep 29, 2015
1m Trs S&P500/Us0001m +40bps (Bacr) Contract Swcot [1.24%]
Chase Cap Ii FRN [1.17%]
Terwin Mtg Tr 2004-13alt CMO 0.34% [1.1%]
FFCB FRN [1.02%]
FNMA CMO [1.01%]
General Elec Cap Corp Mtn Be FRN [0.92%]
Wells Fargo Mbs 2003-I CMO [0.9%]
FHLMC CMO 5% [0.78%]
Continental Air 1997-4 6.9% [0.76%]
Hsbc Heq Tr 2007-3 FRN [0.73%]
Click here for Stock Holding Change Map in Metropolitan West AlphaTrak 500 Fund (MWATX)

  

Latest News on Metropolitan West AlphaTrak 500 (MWATX) Fund

See what is happening with Metropolitan West AlphaTrak 500 Fund (MWATX)

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Metropolitan West AlphaTrak 500 Fund (MWATX) Related ResourcesSee more information on Metropolitan West AlphaTrak 500 (MWATX) Fund

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