Tcw Metwest High Yield Bond Fund
Data updated: 2026-08-27
C000263830 — Tcw Metwest High Yield Bond Fund. Intermediate Corporate Bond · $375.82M AUM · 0.76% expense ratio. Holdings, fees, performance and SEC filings.
C000263830 Fund Overview
Tcw Metwest High Yield Bond Fund is a US mutual fund managed by TCW Metropolitan West Funds, categorised as Intermediate Corporate 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 Corporate Bond
- Assets under management: $375.82M
- SEC CIK: 0001028621
- SEC series ID: S000001149
- Share class ID: C000263830
C000263830 Investment Objective and Strategy
Tcw Metwest High Yield Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by TCW Metropolitan West Funds.
Investment objective
The High Yield Bond Fund seeks to maximize long-term total return consistent with preservation of capital.
Principal investment strategy
The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in high yield bonds (commonly called junk bonds) which are rated below investment grade or are unrated and determined by the Adviser to be of similar quality. The remainder of the Funds net assets may be invested in investment grade securities rated by one of the nationally recognized statistical rating organizations or, if unrated, of comparable quality in the opinion of the Adviser. Under normal conditions, the portfolio duration is two to eight years and the dollar-weighted average maturity ranges from two to fifteen years. The Fund invests in the U.S. and abroad, including emerging markets, and may purchase securities of varying maturities issued by domestic and foreign corporations and governments.
The Adviser will focus the Funds portfolio holdings in areas of the bond market that the Adviser believes to be relatively undervalued, based on its analysis of quality, sector, coupon or maturity, and that offer attractive prospective risk-adjusted returns compared to other segments of the bond market. The Fund may invest up to 25% of its assets in foreign securities that are denominated in U.S. dollars. 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 10% of its assets in emerging market foreign securities. Investments include various types of bonds and debt securities, including corporate bonds, mezzanine investments, swaps, credit default swaps, currency futures and options, bank loans, preferred stock, common stock, warrants, mortgage-related and asset-backed securities (including collateralized debt obligations, which in turn include collateralized bond obligations and collateralized loan obligations), foreign securities, U.S.
Treasuries and agency securities, cash and cash equivalents, private placements, defaulted debt securities and restricted securities. These investments may have interest rates that are fixed, variable or floating. Derivatives will be used in an effort to hedge investments, for risk management, or to increase income or gains for the Fund. The Fund may also seek to obtain market exposure to the securities in which it invests by entering into a series of purchase and sale contracts or by using other investment techniques such as reverse repurchase agreements. The Fund may normally borrow or short sell up to 33 1/3% of the value of its total assets.
C000263830 Holdings
Top 10 holdings of Tcw Metwest High Yield Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| TCW Central Cash Fund | 4.08% |
| Cco Hldgs Llc/cap Corp. | 1.48% |
| Transdigm, Inc. | 1.12% |
| Jane Street Grp/jsg Fin | 1.10% |
| 1261229 Bc Ltd. | 1.00% |
| Equipmentshare.com, Inc. | 0.99% |
| Pnc Financial Services | 0.93% |
| Cloud Software Grp, Inc. | 0.93% |
| Yondr Jk 1 LLC | 0.91% |
| Discovery Holdings, Inc. | 0.89% |
C000263830 Portfolio Allocation
Asset-class allocation of Tcw Metwest High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 90.8% |
| Loans | 4.6% |
| Equity | 4.5% |
| Cash & Equivalents | 0.8% |
C000263830 Performance
Total returns for C000263830 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
C000263830 Costs and Fees
C000263830 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 82.39%
- Portfolio turnover: 100%
- Brokerage commissions: 0.03 bps of average net assets (SEC N-CEN)
C000263830 Cashflows
Over the 12 months to 2026-06, Tcw Metwest High Yield Bond Fund had net outflows of $44.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$1.95M |
| 2026-05 | −$5.61M |
| 2026-04 | −$1.30M |
| 2026-03 | −$5.23M |
| 2026-02 | −$4.60M |
| 2026-01 | −$20.30M |
C000263830 Debt Constituents
Largest debt holdings of Tcw Metwest High Yield Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Cco Hldgs Llc/cap Corp. | 1.48% |
| Transdigm, Inc. | 1.12% |
| Jane Street Grp/jsg Fin | 1.10% |
| 1261229 Bc Ltd. | 1.00% |
| Equipmentshare.com, Inc. | 0.99% |
| Pnc Financial Services | 0.93% |
| Cloud Software Grp, Inc. | 0.93% |
| Yondr Jk 1 LLC | 0.91% |
| Discovery Holdings, Inc. | 0.89% |
| Csc Holdings LLC | 0.86% |
C000263830 Prospectus and SEC Filings
Official Tcw Metwest High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-29
- Prospectus (485BPOS) — filed 2025-08-22
- Prospectus (485BPOS) — filed 2025-07-28
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-11
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
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.