TCW Strategic Income

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TSI : NYSE : Financial
$5.49 -0.02 | -0.36%
Today's Range: 5.478 - 5.54
Avg. Daily Volume: 94500.0
02/24/17 - 12:54 PM ET
  • Last Ratings Update:01/31/2017
  • Price as of 01/31/2017 :$5.39
  • Net Assets:$277.93 Million
  • NAV:$5.85
  • Premium-7.86%
  •   
  • Peer Rank:72 of 128
  • 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 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 8.56% since inception. More recently, the fund has generated a total return of 8.36% in the last five years, 4.88% in the last three years, and 10.77% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 64% of them. It has also outpaced 50% of its competitors on a three year basis and 34% of them over the last year for the period ending 1/31/2017. On a year to date basis, TSI has returned 2.44%.

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 5.9%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $5.39, which is 3.6% below its 52-week high of $5.59 and 2.7% above its 52-week low of $5.25.

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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