Affiliate of Metropolitan West Asset Management Purchases Leveraged Loan Assets from ING Capital Advisors.

LOS ANGELES -- West Gate Advisors, a wholly-owned subsidiary of Metropolitan West Asset Management, LLC ("MWAM"), announced that it has agreed to purchase certain assets of ING Capital Advisors (ICA). ICA has specialized expertise in the U.S. floating rate senior secured leveraged loan market including the management of collateralized loan obligation (CLO) and privately managed leveraged loan portfolios. ICA has approximately $2.1 billion in assets under management. The new entity, purchasing such assets, will be called West Gate Horizons, LLC. Terms of the transaction were not disclosed.

West Gate Horizons will specialize in nontraditional credit based strategies. These will include: leveraged loans on behalf of institutional investors in separate accounts, a leveraged loan commingled fund, and the existing CLO business. Mike Hatley, Mike Campbell and Graydon Wilcox will run West Gate Horizons as principals. Messrs. Hatley, Campbell and Wilcox formerly oversaw the collateral advisory and management services business at ICA and each brings more than twenty years of experience in corporate credit and financial analysis.

"Historically, leveraged loans have provided investors with high income and price stability throughout a variety of market environments. This is evident in the return pattern produced by the asset class," said Scott Dubchansky, CEO of MWAM. "This team further deepens MWAM's capabilities and commitment to the needs of the fixed income investor."

About Metropolitan West Asset Management

Metropolitan West Asset Management is an employee-owned investment management firm. MWAM concentrates on managing portfolios of fixed income securities for institutions, financial advisers and individual mutual fund shareholders. Located in Los Angeles, MWAM manages over $14 billion including the assets of the Metropolitan West Funds. Visit www.mwamllc.com for additional company information.

For more information, contact Lisa Weeks: 310-966-8971.

For more complete information about Metropolitan West Funds, including charges and expenses, please call [phone] for a prospectus. Please read it carefully before investing. The Funds are distributed by PFPC Distributors, Inc.