TSW High Yield Bond Institutional (TSWHX)
| Fund Assets | 9.55M |
| Expense Ratio | 0.66% |
| Min. Investment | $100,000 |
| Turnover | 21.73% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 5.89% |
| Dividend Growth | 0.46% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.39 |
| YTD Return | 0.60% |
| 1-Year Return | 7.05% |
| 5-Year Return | n/a |
| 52-Week Low | 8.53 |
| 52-Week High | 9.40 |
| Beta (5Y) | n/a |
| Holdings | 61 |
| Inception Date | Oct 26, 2021 |
About TSWHX
TSW High Yield Bond Fund – Institutional Class is an open-end mutual fund focused on below investment-grade corporate credit. Its primary objective is to deliver high current income, with a secondary aim of capital appreciation, by investing predominantly in high yield bonds across diversified sectors of the U.S. economy. The portfolio emphasizes higher-quality non-investment-grade issuers—primarily BB and B ratings—while opportunistically allocating to lower-rated credits when risk/reward is favorable, using fundamental credit research, relative value analysis, and a macro overlay in portfolio construction. The strategy references the ICE Bank of America U.S. High Yield Constrained Index for context, a benchmark that tracks dollar-denominated, below investment-grade corporate debt with issuer exposure capped to improve diversification. The fund distributes income regularly, aligning with its income-oriented mandate. With an institutional share class structure and an expense profile positioned for professional allocators, the fund serves as a credit-focused tool for investors seeking exposure to the high yield market’s income potential while maintaining attention to credit selection and sector balance within non-investment-grade fixed income.
Performance
TSWHX had a total return of 7.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.06%.
Top 10 Holdings
26.24% of assets| Name | Symbol | Weight |
|---|---|---|
| Fortress Transportation & Infrastructure Investors LLC - FTAI 7 06/15/32 144A | FTAI | 3.19% |
| Bath & Body Works Inc - BBWI 6.875 11/01/35 | BBWI | 3.17% |
| Northern Institutional Funds - Treasury Portfolio | NTPXX | 2.67% |
| Gen Digital Inc - GEN 6.25 04/01/33 144A | GEN | 2.60% |
| Iron Mountain Inc. - IRM 6.25 01/15/33 144A | IRM | 2.59% |
| American Axle & Manufacturing, Inc. - AXL 7.75 10/15/33 144A | AXL | 2.56% |
| Acadian Asset Management Inc - AAMI 4.8 07/27/26 | AAMI | 2.53% |
| StoneX Group Inc - SNEX 7.875 03/01/31 144A | SNEX | 2.41% |
| American Airlines, Inc. - AAL 8.5 05/15/29 144A | AAL | 2.39% |
| JB Poindexter & Co Inc - JBPOIN 8.75 12/15/31 144A | JBPOIN | 2.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04583 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04739 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04579 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04711 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04561 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04676 | Aug 29, 2025 |