Metropolitan West Floating Rate Income Fd Cl M Shs
MWFRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- METROPOLITAN WEST ASSET MANAGEMENT United States of America
- IPO Date
- Jul 1, 2013
- CIK
- 0001028621
- Similar Companies
- Business
- Metropolitan West Floating Rate Income Fund Class M Shares (MWFRX) is a mutual fund that seeks primarily to maximize current income, with a secondary objective of long-term capital appreciation; it normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in floating rate investments and investments that are the economic equivalent of floating rate investments, including senior secured floating rate loans or debt, second lien or subordinated or unsecured floating rate loans or debt, fixed-rate loans or debt such as corporate bonds, preferred securities, convertible securities, mezzanine investments, collateralized loan obligations, senior loans, second lien loans, structured products, and U.S. government debt securities converted to floating rates via derivative instruments, as well as writing credit derivatives for exposure to single issuers or indices; the fund may also purchase participations or assignments in senior or second lien floating rate loans without limitation. The fund, part of the MetWest Funds family advised by Metropolitan West Asset Management, LLC—a wholly-owned subsidiary of The TCW Group, Inc.—targets the bank loan segment within the fixed income industry, with a portfolio typically comprising approximately 375 securities, an effective duration of 0.16 years, average maturity of 3.87 years, and sector allocations dominated by credit/corporates (over 92%), supplemented by cash equivalents and asset-backed securities; it caters to institutional and individual investors seeking high current income from leveraged loans and related instruments, benchmarked against the Morningstar LSTA U.S. Leveraged Loan Index. Incepted on June 28, 2013, with headquarters at 515 South Flower Street, Los Angeles, California—the base for TCW Metropolitan West Funds—the fund manages total assets of approximately $316.5 million as of December 31, 2023, across I Shares (MWFLX) and M Shares (MWFRX), distributing income monthly and exhibiting a portfolio turnover of 72% over the prior year. Metropolitan West Asset Management maintains its established investment process following its acquisition by The TCW Group, Inc. in 2010, which integrated MetWest's $30 billion in fixed income assets under management into TCW's broader platform exceeding $210 billion; no major recent partnerships, funding rounds, acquisitions, new product launches, or strategic shifts specific to MWFRX have been reported in the last 1-2 years, with ongoing operations emphasizing disciplined relative value approaches amid market volatility.