Metropolitan West Alpha Trak 500 Fund
Data updated: 2024-11-22
C000003067 — Metropolitan West Alpha Trak 500 Fund. Intermediate Securitized (MBS/ABS/CMBS) Bond · $30.13M AUM. Holdings, fees, performance and SEC filings.
C000003067 Fund Overview
Metropolitan West Alpha Trak 500 Fund is a US mutual fund managed by TCW Metropolitan West Funds, categorised as Intermediate Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: TCW Metropolitan West Funds
- Category: Intermediate Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $30.13M
- 1-year return: 38.4%
- SEC CIK: 0001028621
- SEC series ID: S000001148
- Share class ID: C000003067
C000003067 Investment Objective and Strategy
Metropolitan West Alpha Trak 500 Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by TCW Metropolitan West Funds.
Investment objective
The AlphaTrak 500 Fund seeks to achieve a total return that exceeds the total return of the S&P 500 Index.
Principal investment strategy
The Fund is an enhanced S&P 500 Index fund that combines non-leveraged investments in the S&P 500 with a fixed-income portfolio. The Adviser actively manages the fixed-income portfolio in an effort to produce an investment return that, when combined with the Funds return on the S&P 500 Index futures, will exceed the total return of the S&P 500 Index. The Fund may also use S&P 500 swap contracts together or in lieu of the S&P index futures. The Fund is not designed for investors that are sensitive to taxable gains. The Fund pursues its objective by investing, under normal circumstances, in S&P 500 Index futures contracts with a contractual or notional value substantially equal to the Funds total assets. The Fund will typically make margin deposits with futures commission merchants with a total value equal to approximately 4% to 5% of the notional value of the futures contracts and invest the rest of its assets in a diversified portfolio of fixed-income securities of varying maturities issued by domestic and foreign corporations, mortgage-related issuers and governments.
The portfolio duration is up to three years and the dollar-weighted average maturity is up to five years. At least 85% of the Funds fixed income investments will normally be rated at least investment grade or be unrated securities that are determined by the Adviser to be of similar quality. Up to 15% of the Funds fixed income investments may be invested in securities rated below investment grade. The Fund may invest up to 15% of its assets in securities of foreign issuers that are not denominated in U.S. dollars. The Fund may invest up to 15% of its assets in emerging market foreign securities. Investments typically include bonds, notes, mortgage-related and asset-backed securities (including collateralized debt obligations, which in turn include collateralized bond obligations and collateralized loan obligations), bank loans, U.S.
and non-U.S. money-market securities, swaps, futures, options, credit default swaps, private placements, defaulted debt securities and restricted securities. These investments may have interest rates that are fixed, variable or floating. The Fund invests in the U.S. and abroad, including emerging markets. The Fund may normally borrow or sell securities short up to 25% of the value of its total assets.
C000003067 Holdings
Top 10 holdings of Metropolitan West Alpha Trak 500 Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Government Portfolio | 18.12% |
| iShares Core S&P 500 ETF | 12.80% |
| US Treasury N/b | 5.08% |
| Fannie Mae or Freddie Mac | 4.23% |
| Fannie Mae or Freddie Mac | 4.04% |
| Fannie Mae or Freddie Mac | 4.00% |
| Fannie Mae or Freddie Mac | 3.95% |
| US Treasury N/b | 2.36% |
| Chicago Mercantile Exchange Inc. | 1.89% |
| JPMorgan Chase & Co. | 1.31% |
C000003067 Portfolio Allocation
Asset-class allocation of Metropolitan West Alpha Trak 500 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 37.2% |
| Fixed Income | 34.7% |
| Cash & Equivalents | 18.1% |
| Equity | 12.9% |
| Derivatives | 1.9% |
C000003067 Performance
Total returns for C000003067 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 38.4% |
| 3 years (annualised) | 10.5% |
| 5 years (annualised) | 15.0% |
C000003067 Risk Information
Risk metrics for C000003067, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.3%
C000003067 Costs and Fees
C000003067 costs about $46 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.46%
- Gross expense ratio: 1.22%
- Portfolio turnover: 260%
- Brokerage commissions: 1.09 bps of average net assets (SEC N-CEN)
C000003067 Cashflows
Over the 12 months to 2024-09, Metropolitan West Alpha Trak 500 Fund had net inflows of $3.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$268.72K |
| 2024-08 | −$285.23K |
| 2024-07 | $6.04K |
| 2024-06 | −$89.91K |
| 2024-05 | −$1.36M |
| 2024-04 | −$139.49K |
C000003067 Debt Constituents
Largest debt holdings of Metropolitan West Alpha Trak 500 Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 5.08% |
| US Treasury N/b | 2.36% |
| JPMorgan Chase & Co. | 1.31% |
| Morgan Stanley | 1.25% |
| Wells Fargo & Company | 1.17% |
| Citigroup, Inc. | 0.94% |
| Goldman Sachs Group, Inc. | 0.90% |
| Bank Of America Corp. | 0.79% |
| Bank Of America Corp. | 0.75% |
| Ing Groep NV | 0.66% |
C000003067 Prospectus and SEC Filings
Official Metropolitan West Alpha Trak 500 Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-07-26
- Prospectus (485BPOS) — filed 2023-07-25
- Prospectus supplement (497) — filed 2022-08-18
- Portfolio holdings (N-PORT) — filed 2024-11-22
- Portfolio holdings (N-PORT) — filed 2024-08-21
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Annual census (N-CEN) — filed 2024-06-11
- Annual census (N-CEN) — filed 2023-06-02
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.