Fund Evaluator:
TCW MetWest Invstmt Gr Crdt I (MWIGX)
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Best Performing in Intermediate Core-Plus Bond Over the Last Year
| 4.1% | Diamond Hill Core Plus Bond Y (DHNYX) |
| 3.9% | Diamond Hill Core Plus Bond I (DHNIX) |
| 3.7% | Diamond Hill Core Plus Bond Investor (DHNAX) |
| 3.5% | Weitz Core Plus Income Investor (WCPNX) |
| 3.4% | Nuveen Core Plus Bond I (TCBHX) |
Fund Details
TCW MetWest Invstmt Gr Crdt I Overview
TCW MetWest Invstmt Gr Crdt I (MWIGX) is an actively managed Taxable Bond Intermediate Core-Plus Bond fund. TCW launched the fund in 2018.
The investment seeks to maximize long-term total return. The fund invests at least 90% of its net assets in investment grade fixed income securities or unrated securities determined by the Adviser to be of comparable quality. Up to 10% of its net assets may be invested in securities rated below investment grade. The emerging market fixed-income securities in which the fund may invest are not subject to any minimum credit quality standards, so long as the value of those investments does not cause the fund to exceed its limit on investments in securities rated below investment grade.
About TCW MetWest Invstmt Gr Crdt I (MWIGX)
There are 3 members of the management team with an average tenure of 4.63 years: Bryan Whalen (2018), Jerry Cudzil (2023), Ruben Hovhannisyan (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Interm Credit TR USD index with a weighting of 100%. TCW MetWest Invstmt Gr Crdt I has 428 securities in its portfolio. The top 10 holdings constitute 19.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
TCW MetWest Invstmt Gr Crdt I is part of the Fixed Income global asset class and is within the Taxable Bond fund group. TCW MetWest Invstmt Gr Crdt I has 8.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.1% (89.0% domestic bond, 8.1% foreign bond and 0.0% convertible bond). TCW MetWest Invstmt Gr Crdt I has 2.9% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $1 billion average for the Intermediate Core-Plus Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MWIGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The TCW MetWest Invstmt Gr Crdt I expense ratio is average compared to funds in the Intermediate Core-Plus Bond category. TCW MetWest Invstmt Gr Crdt I has an expense ratio of 0.49%, which is 37% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. TCW MetWest Invstmt Gr Crdt I has a portfolio turnover rate of 305%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 181% for the Intermediate Core-Plus Bond category.
Recently, in the month of July 2026, TCW MetWest Invstmt Gr Crdt I returned -0.6%, which earned it a grade of A, as the Intermediate Core-Plus Bond category had an average return of -1.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
TCW MetWest Invstmt Gr Crdt I has a trailing yield of 3.77%, which is below the 4.36% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
TCW MetWest Invstmt Gr Crdt I Grades
Year to date, the fund has returned -0.1%, 0.5 percentage points better than the category, which translates into a grade of A. The fund has returned 3.2% over the past year (grade of A), 5.5% over the past three years (grade of A) and 1.3% per year over the past five years (grade of A).
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MWIGX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MWIGX Return (NAV) | -0.6% | -0.3% | 3.2% | 5.5% | 1.3% | na |
| MWIGX Grade | A | A | A | A | A | na |
| +/- Category | 0.7% | 0.4% | 0.5% | 1.3% | 1.4% | na |
| Intermediate Core-Plus Bond Avg | -1.3% | -0.7% | 2.7% | 4.2% | -0.2% | 1.8% |
| MWIGX Tax Cost Ratio | na | na | 1.9% | 1.9% | 2.3% | na |
MWIGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MWIGX Return (NAV) | -0.1% | 8.3% | 3.8% | 7.7% | -10.7% | -0.4% | 8.3% | 9.9% | na | na | na |
| MWIGX Grade | A | A | A | A | A | B | C | B | na | na | na |
| +/- Category | 0.5% | 1.0% | 1.6% | 1.5% | 2.7% | 0.2% | -0.3% | 0.8% | na | na | na |
| Intermediate Core-Plus Bond Avg | -0.6% | 7.3% | 2.3% | 6.1% | -13.4% | -0.6% | 8.6% | 9.1% | -0.9% | 4.4% | 4.3% |
| Risk Measures | |
| Standard Deviation: | 4.5% |
| Total Risk Index: | 0.37 - Low |
| Category Risk Index: | 0.80 - Low |
| Category Risk Grade: | A (7% Rank) |
| Beta: | 0.78 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Limited Sensitivity |
| Yield: | 3.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $25 Mil |
| Fund Total Assets: | $ 18 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 305% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.1 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Whalen Bryan (2018), Cudzil Jerry (2023), Hovhannisyan Ruben (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 428 |
| % in Top 10 Holdings: | 19.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 8.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 89.0% |
| Foreign Bond: | 8.1% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.9% |
Purchase Information
| Fund Family: | TCW |
| Phone Number: | 800-386-3829 |
| Website: | www.mwamllc.com |
| Status: | Open |
| Inception Date: | June 29, 2018 |
| Min. Initial Purchase: | $3,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.49% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.78% |
| Share Class: | TCW MetWest Invstmt Gr Crdt I |
| Min. Subsequent Purchase: | $50,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
