(TSI) TCW Strategic Income - Ratings and Ratios

TCW Strategic Income Closed Fund (NYSE: TSI) is a U.S.–based closed-end fund that invests across multiple fixed-income sectors, including investment-grade corporates, high-yield, mortgage-backed securities, and emerging-market debt. Its multi-sector mandate aims to generate current income while preserving capital, positioning the fund as a diversified alternative to a single-sector bond index.

As of the most recent filing, TSI reported a weighted-average duration of roughly 5.2 years and a 30-day SEC yield near 5.1 %, reflecting a relatively aggressive stance on interest-rate risk for a closed-end structure. The fund’s assets under management (AUM) sit around $1.2 billion, and its expense ratio is 0.84 % (net). Recent performance has trailed the Bloomberg Barclays U.S. Aggregate Index by about 120 bps over the past 12 months, a gap largely attributable to higher credit spreads in the high-yield segment and the fund’s exposure to mortgage-backed securities, which are sensitive to both rate moves and prepayment risk.

Given the Federal Reserve’s current tightening cycle and the ongoing moderation in inflation, TSI’s income profile will be heavily influenced by the trajectory of the 10-year Treasury yield and the evolution of corporate credit spreads. Investors should monitor the fund’s net asset value discount/premium to NAV, which has historically widened during periods of market stress, as this can materially affect realized returns.

If you want a data-driven, side-by-side comparison of TSI’s risk-adjusted metrics against peers, the fund’s analytics page on ValueRay offers a concise, quantitative snapshot worth exploring.