TCW Strategic Income Fund, Inc.

Frequently Asked Questions About TSI

What does TSI invest in?

The TCW Strategic Income Fund, Inc. (TSI) operates as a closed-end, balanced mutual fund, originally established by The TCW Group, Inc. Its investment operations are directed by TCW Investment Management Company. The fund strategically allocates capital across both public equity and fixed-income markets within the United States. For its equity component, it pursues investments in growth and value stocks of companies spanning diverse sectors. The fixed-income portfolio exhibits broad diversification, encompassing mortgage-backed securities, asset-backed securities, money market instruments, convertible securities, high-yield bonds, collateralized debt obligations (CDOs), and debt obligations issued or guaranteed by the United States Government or its associated agencies and instrumentalities. To assess its performance, the fund utilizes several benchmarks: the S&P 500 Index, the NASDAQ, and a specially constructed custom index. This bespoke benchmark incorporates the Barclays U.S. Aggregate Bond Index, the Citigroup High Yield Cash Pay Index, the S&P 500 Index, and the BofA Merrill Lynch All Convertibles All Qualities. The fund was formed in the United States on January 13, 1987, and was previously known as the TCW Convertible Securities Fund, Inc.

What is the expense ratio of TSI?

TCW Strategic Income Fund, Inc. (TSI) charges an expense ratio of 1.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is TSI's dividend yield?

TSI's trailing-twelve-month yield is 10.83%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TSI?

Effective duration measures TSI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TSI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TSI?

TSI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TSI?

Yield to maturity (YTM) is the total return you'd earn from TSI if every bond in the portfolio is held to maturity at the current price. TSI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.