Trina Solar LtdFind Ratings Reports
- Last Ratings Update:02/28/2018
- Price as of 02/28/2018 :$17.08
- Net Assets:$138.26 Million
- Peer Rank:29 of 30
- Investment Rating:D+
We rate THL Credit Senior Loan at D+. Negative factors that influence this rating include a high expense structure. The fund may be considered for investors seeking a Loan Participation strategy.
POSITIVES AND RISKS
Total return ranks above peers over the last three years. The THL Credit Senior Loan has returned an annual rate of 4.16% since inception. More recently, the fund has generated a total return of 5.43% in the last three years, -0.72% in the last year, and -0.77% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 50% of them. It has also outpaced 18% of its competitors on a one year basis for the period ending 2/28/2018. On a year to date basis, TSL has returned 1.98%.
Downside risk has been above average. TSL has a draw down risk of -37.43%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.7%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 2/28/2018, the fund was trading at a price of $17.08, which is 8.4% below its 52-week high of $18.65 and 4.8% above its 52-week low of $16.30.
High expense ratio hinders performance. On total assets of $138.26 million, TSL maintains a high expense ratio compared to its Loan Participation peers of 2.65% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As TSL is a closed end fund, it has no front end or back end load.