TSW High Yield Bond Fund (TSWHX)
The fund primarily invests in high yield fixed income securities, commonly referred to as "junk bonds," including corporate debt, with a focus on U.S. dollar denominated securities across companies of various sizes.
Fund Info
Oct 25, 2021
$1,000,000
Expense Ratio
TSWHX features an expense ratio of 0.65%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TSW High Yield Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
TSW High Yield Bond Fund had a return of 0.95% year-to-date (YTD) and 8.86% in the last 12 months.
TSWHX
0.95%
0.52%
3.49%
8.86%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of TSWHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.06% | 0.95% | |||||||||||
| 2024 | 0.73% | 0.37% | 1.17% | -0.60% | 0.95% | 1.05% | 1.39% | 1.38% | 1.03% | -0.26% | 1.14% | -0.24% | 8.39% |
| 2023 | 3.41% | -0.77% | 1.19% | 1.18% | -0.52% | 1.19% | 1.54% | 0.17% | -0.97% | -0.49% | 3.53% | 2.78% | 12.80% |
| 2022 | -1.80% | -1.16% | -0.94% | -2.75% | -0.88% | -6.49% | 5.08% | -1.46% | -3.81% | 2.51% | 1.90% | -0.33% | -10.12% |
| 2021 | -0.04% | -0.52% | 1.66% | 1.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, TSWHX is among the top 5% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for TSW High Yield Bond Fund (TSWHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
TSW High Yield Bond Fund provided a 5.91% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $0.55 | $0.55 | $0.53 | $0.47 | $0.09 |
Dividend yield | 5.91% | 5.92% | 5.81% | 5.52% | 0.88% |
Monthly Dividends
The table displays the monthly dividend distributions for TSW High Yield Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.55 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.53 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2021 | $0.01 | $0.04 | $0.04 | $0.09 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the TSW High Yield Bond 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 High Yield Bond Fund was 13.98%, occurring on Sep 29, 2022. Recovery took 304 trading sessions.
The current TSW High Yield Bond Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.98% | Jan 4, 2022 | 186 | Sep 29, 2022 | 304 | Dec 14, 2023 | 490 |
| -1.69% | Nov 9, 2021 | 13 | Nov 26, 2021 | 22 | Dec 29, 2021 | 35 |
| -1.42% | Apr 1, 2024 | 12 | Apr 16, 2024 | 13 | May 3, 2024 | 25 |
| -1.39% | Dec 9, 2024 | 9 | Dec 19, 2024 | 27 | Jan 31, 2025 | 36 |
| -0.75% | Oct 2, 2024 | 16 | Oct 23, 2024 | 11 | Nov 7, 2024 | 27 |
Volatility
Volatility Chart
The current TSW High Yield Bond Fund volatility is 0.76%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.