TCW MetWest Ultra Short Bond Fund Class M (MWUSX)

Overview

The fund is focused on achieving its investment objective by primarily allocating its assets into fixed income securities that are either rated investment grade or deemed by the Adviser to have a comparable quality. It ensures that a substantial portion of its net assets is invested in what it considers to be bonds. The fund maintains a strategic approach to its investments, ensuring its portfolio duration stays aligned with its benchmark index, while the dollar-weighted average maturity of the investments may surpass one year. This disciplined investment strategy underscores the fund's commitment to capitalizing on fixed income securities while managing risk and seeking to ensure steady returns for its investors.

Products and Services

The fund offers a nuanced approach to income investing, focusing on two primary types of investment products:

• Investment Grade Fixed Income Securities

  These are bonds and other debt instruments that are rated as being of high credit quality by major rating agencies or determined by the Adviser to bear similar characteristics. The fund commits at least 90% of its net assets to this class of investments, targeting securities that offer a balance of yield and security to protect and grow the capital of its investors.

• Bonds

  Emphasizing bonds, the fund invests at least 80% of its net assets, along with any borrowings for investment purposes, in fixed income securities it identifies as bonds. This focus allows it to seek out opportunities within the bond market that align with its investment strategy, balancing risk and return in an effort to achieve its overall investment objective. The fund's strategy also involves maintaining a portfolio duration within one year of its benchmark index, and it is open to having a dollar-weighted average maturity that extends beyond one year, mapping out a path for potential income generation and capital appreciation over time.