TCW Strategic Income

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TSI : NYSE : Financial
$5.51 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 79000.0
05/25/17 - 3:59 PM ET
  • Last Ratings Update:04/30/2017
  • Price as of 04/30/2017 :$5.44
  • Net Assets:$277.13 Million
  • NAV:$5.88
  • Premium-7.48%
  •   
  • Peer Rank:86 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 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 8.56% since inception. More recently, the fund has generated a total return of 7.08% in the last five years, 4.32% in the last three years, and 7.76% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 54% of them. It has also outpaced 47% of its competitors on a three year basis and 39% of them over the last year for the period ending 4/30/2017. On a year to date basis, TSI has returned 3.10%.

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 6.0%. This fund has had very little volatility in its monthly performance over the last 36 months. As of 4/30/2017, the fund was trading at a price of $5.44, which is 1.3% below its 52-week high of $5.51 and 1.7% above its 52-week low of $5.35.

Low expense ratio helps performance. On total assets of $277.13 million, TSI maintains a low expense ratio compared to its Growth & Income peers of just 0.85% 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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