TSW High Yield Bond Institutional (TSWHX)

Fund Assets	8.89M
Expense Ratio	0.65%
Min. Investment	$100,000
Turnover	21.73%
Dividend (ttm)	0.56
Dividend Yield	6.01%
Dividend Growth	1.05%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.28
YTD Return	2.45%
1-Year Return	4.95%
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.

• Fund Family: TSW
• Category: High Yield Bond
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: TSWHX
• Share Class: Institutional Shares
• Index: Index is not available on Lipper Database

Performance

TSWHX had a total return of 4.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.71%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.0475	Jul 31, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 28, 2026

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