Metropolitan West Floating Rate Income Fd Cl I Shs (MWFLX)
Metropolitan West Floating Rate Income Fd Cl I Shs operates in the Asset Management - Income industry of the Financial Services sector. The stock last traded at $47.61, up 0.04% on the session, giving a market capitalisation of $299.4M. Its beta of 0.17 implies it has historically moved less than the broad market.
The fund typically allocates at least 80% of its net assets, along with any borrowed capital for investment, to floating-rate securities or instruments that functionally replicate such returns. It operates without restrictions on the credit quality of its holdings, enabling investments across the entire spectrum, including those classified as below investment grade. Under prevailing market conditions, a significant portion of the portfolio is anticipated to consist of leveraged loans, many of which will be either unrated or possess a speculative (below investment grade) credit rating.
Metropolitan West Floating Rate Income Fd Cl I Shs is most often compared with the following Financial Services names: