- ISIN
- US46653M6416
- Issuer
- TS&W Funds
- Inception Date
- Jul 17, 1992
- Category
- Large Cap Value Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TSWEX Performance Chart
TSW Large Cap Value Fund (TSWEX) is up 6.8% since the beginning of the year. TSWEX is currently trading at $14 per share. Investors who bought $1,000 worth of TSWEX shares 5 years ago would now be looking at an investment worth $1,361.
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Returns By Period
TSW Large Cap Value Fund (TSWEX) has returned 6.79% so far this year and 1.80% over the past 12 months. Over the last ten years, TSWEX has returned 9.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
TSW Large Cap Value Fund
- 1D
- -0.14%
- 1M
- 0.66%
- YTD
- 6.79%
- 6M
- -6.38%
- 1Y
- 1.80%
- 3Y*
- 9.83%
- 5Y*
- 6.36%
- 10Y*
- 9.81%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.68%
- YTD
- 11.16%
- 6M
- 11.10%
- 1Y
- 27.46%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
TSWEX Monthly Returns History
Based on dividend-adjusted daily data since Jul 17, 1992, TSWEX's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.1%, while the worst month was Oct 2008 at -17.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TSWEX closed higher 51% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Dec 15, 2025 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.77% | 3.56% | -3.79% | 3.21% | 0.22% | -0.14% | 6.79% | ||||||
| 2025 | 5.53% | 0.96% | 0.86% | -2.11% | 2.08% | 2.55% | -2.13% | 4.42% | 2.57% | -2.52% | 3.07% | -11.80% | 2.29% |
| 2024 | 0.56% | 2.14% | 4.40% | -3.51% | 3.02% | -1.18% | 5.73% | 1.45% | -0.02% | -0.93% | 5.34% | -5.73% | 11.12% |
| 2023 | 2.19% | -3.37% | -0.65% | 1.04% | -3.41% | 5.46% | 2.03% | -0.38% | -2.44% | -1.50% | 4.33% | 3.46% | 6.47% |
| 2022 | 1.83% | 0.69% | 2.47% | -4.34% | 3.49% | -8.09% | 3.25% | -1.72% | -7.21% | 10.23% | 5.14% | -3.32% | 0.85% |
| 2021 | -0.85% | 5.16% | 7.69% | 4.22% | 1.99% | -1.18% | -1.12% | 2.20% | -2.15% | 3.93% | -3.46% | 7.04% | 25.23% |
Benchmark Metrics
TSW Large Cap Value Fund has an annualized alpha of 0.40%, beta of 0.85, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since July 20, 1992.
- This fund participated in 87.96% of S&P 500 Index downside but only 84.56% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.85, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.40%
- Beta
- 0.85
- R²
- 0.85
- Upside Capture
- 84.56%
- Downside Capture
- 87.96%
Expense Ratio
TSWEX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TSWEX ranks 3 for risk / return — in the bottom 3% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TSW Large Cap Value Fund (TSWEX) and compare them to S&P 500 Index.
| TSWEX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 2.39 | -2.28 |
Sortino ratioReturn per unit of downside risk | 0.23 | 3.25 | -3.03 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.43 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.11 | -2.98 |
Martin ratioReturn relative to average drawdown | 0.27 | 14.38 | -14.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
TSW Large Cap Value Fund provided a 1.14% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.14 | $1.14 | $1.02 | $1.59 | $1.86 | $0.66 | $0.56 | $1.76 | $1.10 | $1.35 | $0.86 |
Dividend yield | 1.14% | 1.05% | 8.86% | 8.12% | 12.42% | 13.07% | 5.12% | 4.40% | 16.09% | 8.52% | 11.06% | 6.91% |
Monthly Dividends
The table displays the monthly dividend distributions for TSW Large Cap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.14 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.95 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.87 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.48 | $1.59 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 | $1.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TSW Large Cap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the TSW Large Cap Value Fund was 53.14%, occurring on Mar 9, 2009. Recovery took 1046 trading sessions.
The current TSW Large Cap Value Fund drawdown is 8.12%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.14%Mar 2009 | 1y 5mo | 4y 1mo | 5y 6moOct 2007 - May 2013 |
Dot-com crash2000–2002 | -39.73%Oct 2002 | 1y 4mo | 2y 1mo | 3y 5moMay 2001 - Nov 2004 |
COVID crash2020 | -33.90%Mar 2020 | 1mo 2d | 7mo 25d | 8mo 27dFeb 2020 - Nov 2020 |
1998 correction1998 | -17.68%Aug 1998 | 4mo 26d | 4mo 10d | 9mo 6dApr 1998 - Jan 1999 |
Rate-hike selloffLate 2018 | -16.43%Dec 2018 | 3mo 4d | 6mo 11d | 9mo 15dSep 2018 - Jul 2019 |
Drawdown Indicators
| TSWEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.14% | -56.78% | +3.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.35% | -9.10% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -18.90% | +4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.34% | -25.43% | +9.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -33.92% | +0.02% |
Current DrawdownCurrent decline from peak | -8.12% | 0.00% | -8.12% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -10.72% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 1.97% | +4.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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