- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$5.27
- Net Assets:$283.83 Million
- Peer Rank:34 of 111
- Investment Rating:C+
We rate TCW Strategic Income Fund at C+. Positive factors that influence this rating include a greater than above average total return, low price volatility and low expense structure. The fund invests approximately 90% of its assets in bonds and may be considered for investors seeking a Growth & Income strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The TCW Strategic Income Fund has returned an annual rate of 8.62% since inception. More recently, the fund has generated a total return of 8.88% in the last five years, 3.32% in the last three years, and 1.06% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 60% of them. It has also outpaced 53% of its competitors on a three year basis and 67% of them over the last year for the period ending 12/31/2015. On a year to date basis, TSI has returned 1.06%.
Downside risk has been below average. TSI has a draw down risk of -13.74%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 8.4%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $5.27, which is 2.2% below its 52-week high of $5.39 and 2.1% above its 52-week low of $5.16.
Low expense ratio helps performance. On total assets of $283.84 million, TSI maintains a low expense ratio compared to its Growth & Income peers of just 0.87% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As TSI is a closed end fund, it has no front end or back end load.
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