TSW High Yield Bond Institutional (TSWHX)
| Fund Assets | 8.97M |
| Expense Ratio | 0.65% |
| Min. Investment | $100,000 |
| Turnover | 21.73% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 5.99% |
| Dividend Growth | 0.90% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.29 |
| YTD Return | 2.14% |
| 1-Year Return | 5.73% |
| 5-Year Return | n/a |
| 52-Week Low | 9.13 |
| 52-Week High | 9.40 |
| Beta (5Y) | n/a |
| Holdings | 58 |
| 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 5.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.72%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04634 | Jun 30, 2026 |
| May 29, 2026 | $0.04779 | May 29, 2026 |
| Apr 30, 2026 | $0.04617 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04758 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04371 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04583 | Jan 30, 2026 |