TCW Strategic Income

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TSI : NYSE : Financial
$5.23 -0.01 | -0.19%
Today's Range: 5.23 - 5.25
Avg. Daily Volume: 97000.0
12/09/16 - 3:59 PM ET
  • Last Ratings Update:10/31/2016
  • Price as of 10/31/2016 :$5.31
  • Net Assets:$277.93 Million
  • NAV:$5.91
  • Premium-10.15%
  •   
  • Peer Rank:50 of 121
  • Investment Rating:C+
  • Performance:C-
  • RiskB
TSI Price Chart

SUMMARY


We rate TCW Strategic Income Fund at C+. Positive factors that influence this rating include a 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 below peers over the last three years. The TCW Strategic Income Fund has returned an annual rate of 8.50% since inception. More recently, the fund has generated a total return of 9.26% in the last five years, 2.74% in the last three years, and 3.63% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 62% of them. It has also outpaced 45% of its competitors on a three year basis and 42% of them over the last year for the period ending 10/31/2016. On a year to date basis, TSI has returned 3.69%.

Downside risk has been below average. TSI has a draw down risk of -8.88%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 5.5%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $5.31, which is 0.7% below its 52-week high of $5.35 and 1.0% above its 52-week low of $5.26.

Low expense ratio helps performance. On total assets of $277.93 million, TSI maintains a low expense ratio compared to its Growth & Income peers of just 0.88% 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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