TCW Strategic Income Fund, Inc.Find Ratings Reports
- Last Ratings Update:03/31/2018
- Price as of 03/31/2018 :$5.57
- Net Assets:$282.03 Million
- Peer Rank:56 of 129
- 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 8.58% since inception. More recently, the fund has generated a total return of 4.22% in the last five years, 5.93% in the last three years, and 7.94% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 46% of them. It has also outpaced 56% of its competitors on a three year basis and 50% of them over the last year for the period ending 3/31/2018. On a year to date basis, TSI has returned -5.11%.
Downside risk has been below average. TSI has a draw down risk of -8.01%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 9.0%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 3/31/2018, the fund was trading at a price of $5.57, which is 1.6% below its 52-week high of $5.66 and 3.5% above its 52-week low of $5.38.
Low expense ratio helps performance. On total assets of $282.03 million, TSI maintains a low expense ratio compared to its Growth & Income peers of just 0.82% 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.