MWLIX : Metropolitan West Low Duration Bond Fund Class I

Fund Summary

The investment seeks to maximize current income, consistent with preservation of capital. The fund pursues its objective by investing, under normal circumstances, at least 70% of its net assets in highly rated fixed income securities or unrated securities that are determined by the Adviser to be of comparable quality. Up to 30% of the fund's net assets may be invested in securities rated below highly rated securities but not more than 20% may be below investment grade. The fund also invests at least 80% of its net assets plus borrowings for investment purposes in fixed income securities it regards as bonds.