MWUSX

About MWUSX

TCW MetWest Ultra Short Bond Fund Class M is an open‑end mutual fund focused on **ultra‑short‑duration fixed income**. Its primary objective is to maximize current income while preserving capital, using a flexible approach to manage credit exposure and limit interest rate sensitivity, which the managers describe as a central risk for bond investors. The portfolio spans high‑quality **government, agency mortgage‑backed, securitized, and investment‑grade corporate** instruments, with significant use of U.S. Treasury notes and agency MBS to anchor liquidity and quality. Positioned in the **Ultrashort Bond** category, the strategy aims to keep duration very low—generally around a year or less under normal conditions—to dampen price volatility from rate moves. The fund’s role in the market is to serve as a cash‑plus allocation, offering enhanced income over traditional cash vehicles while maintaining tight risk controls and broad diversification across hundreds of holdings. Key characteristics include a relatively high portfolio turnover reflecting active positioning, institutional‑style credit research from the TCW/Metropolitan West team, and daily liquidity for efficient cash management.