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.
Based on technical indicators and chart patterns, TSWHX shows...
Market sentiment analysis indicates...