TSWHX Performance — TSW High Yield Bond Fund, Institutional Shares
Data updated: 2026-08-27
TSWHX returned +2.25% year to date and +6.02% over one year to Jun 2026. The annualised 3-year return is +8.30%. The fund beat its High Yield Bond category average: $100 invested three years ago grew to $127, against $125 for the category, and to $106 over one year, against $106. Volatility over the past three years was 3.38% a year. In the 12 months to Jun 2026 the fund lost a net $800K, and assets reached $8.97M.
TSWHX Growth of $100
What $100 invested in TSW High Yield Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | TSWHX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $127 | $125 |
| Since data start (Oct 2021 – Jun 2026) | $122 | $118 |
TSWHX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.25% |
| 1 year | +6.02% |
| 3 years (annualised) | +8.30% |
TSWHX Annual Returns
Calendar-year total returns of TSW High Yield Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +2.25% |
| 2025 | +7.51% |
| 2024 | +8.38% |
| 2023 | +12.72% |
| 2022 | −10.15% |
| 2021 (Oct–Dec) | +1.09% |
TSWHX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +0.4% | −1.5% | +1.5% | +0.7% | +0.6% | — | — | — | — | — | — |
| 2025 | +1.1% | +0.5% | −0.9% | +0.1% | +1.4% | +1.6% | +0.3% | +1.0% | +0.7% | +0.4% | +0.5% | +0.7% |
| 2024 | +0.7% | +0.4% | +1.2% | −0.6% | +1.1% | +0.9% | +1.4% | +1.3% | +1.1% | −0.3% | +1.2% | −0.4% |
| 2023 | +3.4% | −0.8% | +1.2% | +1.2% | −0.5% | +1.2% | +1.5% | +0.2% | −0.9% | −0.6% | +3.5% | +2.8% |
| 2022 | −1.8% | −1.2% | −0.9% | −2.8% | −0.9% | −6.5% | +5.1% | −1.5% | −3.8% | +2.5% | +1.9% | −0.3% |
| 2021 | — | — | — | — | — | — | — | — | — | 0.0% | −0.5% | +1.7% |
TSWHX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.38%
- 3-year Sharpe ratio: 1.12 (vs 4.5% risk-free rate)
- Best month: +3.53% (Nov 2023)
- Worst month: −1.52% (Mar 2026)
TSWHX Fund Flows
Monthly money in and out of TSW High Yield Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$800K
- 12-month gross sales (incl. reinvestments): $526K
- Sales ÷ redemptions: 0.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $43K | $256K | −$213K |
| May 2026 | $42K | $86K | −$44K |
| Apr 2026 | $44K | $45K | −$981 |
| Mar 2026 | $39K | $280K | −$241K |
| Feb 2026 | $45K | $58K | −$13K |
| Jan 2026 | $45K | $248K | −$203K |
| Dec 2025 | $44K | $72K | −$28K |
| Nov 2025 | $45K | $37K | $8K |
| Oct 2025 | $44K | $112K | −$68K |
| Sep 2025 | $45K | $10K | $35K |
| Aug 2025 | $45K | $77K | −$32K |
| Jul 2025 | $43K | $44K | −$298 |
TSWHX Assets Under Management
Net assets of TSW High Yield Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $8.97M |
| 2026-03-31 | $9.11M |
| 2025-12-31 | $9.76M |
| 2025-09-30 | $9.83M |
| 2025-06-30 | $9.78M |
| 2025-03-31 | $9.51M |
| 2024-12-31 | $9.69M |
| 2024-09-30 | $9.72M |
| 2024-06-28 | $9.15M |
| 2024-03-28 | $9.05M |
| 2023-12-29 | $8.87M |
| 2023-09-29 | $13.12M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.