Trina Solar Ltd

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TSL : NYSE : Technology
$9.91 -0.02 | -0.2%
Today's Range: 9.9 - 9.96
Avg. Daily Volume: 1297500.0
01/20/17 - 3:22 PM ET
  • Last Ratings Update:12/31/2016
  • Price as of 12/31/2016 :$18.74
  • Net Assets:$127.95 Million
  • NAV:$18.63
  • Premium0.59%
  • Peer Rank:28 of 29
  • Investment Rating:C-
  • Performance:A-
  • RiskD
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We rate THL Credit Senior Loan at C-. Positive factors that influence this rating include a well above average total return and low price volatility. The fund may be considered for investors seeking a Loan Participation strategy.


Total return ranks very high in comparison with peers over the last three years. The THL Credit Senior Loan has returned an annual rate of 6.11% since inception. More recently, the fund has generated a total return of 9.08% in the last three years, 27.82% in the last year, and 20.84% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 75% of them. It has also outpaced 90% of its competitors on a one year basis for the period ending 12/31/2016. On a year to date basis, TSL has returned 27.82%.

Downside risk has been above average. TSL has a draw down risk of -56.66%, 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 12/31/2016, the fund was trading at a price of $18.74, which is 70.4% below its 52-week high of $11.00 and 169.3% above its 52-week low of $6.96.

High expense ratio hinders performance. On total assets of $127.96 million, TSL maintains a high expense ratio compared to its Loan Participation peers of 2.63% 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.

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