TSI: Time To Take A Bite Out Of This CEF

TCW Strategic Income earns a 'Buy' rating due to its widened -6% discount to NAV and robust active management. TSI's portfolio is overweight MBS (47%), maintains zero leverage, and delivers a fully covered 5.3% distribution, emphasizing capital gains over unsustainable yields. Performance is strongest when rates fall; with a 3-year duration, TSI is positioned to benefit from anticipated Fed cuts.

Seeking Alpha • Dec 5, 2025

Income-Covered Closed-End Fund Report, November 2025: 3 Non-Leveraged Picks

This report screens closed-end funds (CEFs) with fully covered distributions, highlighting those with attractive discounts, yields, and risk profiles for income-focused investors. TCW Strategic Income (TSI) and Invesco Bond Fund (VBF) stand out as safer, non-leveraged, investment-grade bond CEFs with strong distribution coverage and long track records. RiverNorth Capital and Income Fund (RSF) offers a much higher yield and discount but carries greater credit risk due to its focus on small business loans and Level 3 assets.

Seeking Alpha • Nov 30, 2025

Income-Covered Closed-End Fund Report, October 2025

This report screens ~400 closed-end funds for those with distribution coverage above 100%, aiming to identify lower-risk income opportunities for investors. Key metrics include premium/discount, z-score, leverage, baseline expense, and coverage. Top picks feature funds that offer high yields, deep discounts, and strong coverage, highlighting attractive value and income potential.

Seeking Alpha • Oct 21, 2025

Income-Covered Closed-End Fund Report, September 2025

This report screens ~400 closed-end funds (CEFs) for those with 100%+ net investment income coverage, highlighting lower risk of distribution cuts. Top lists identify CEFs with the widest discounts, most attractive z-scores, highest covered yields, and best combinations of value and income. Investors are encouraged to use these rankings as a starting point for due diligence, not as final buy or sell recommendations.

Seeking Alpha • Sep 22, 2025

TCW Strategic Income Fund Announces Quarterly Distribution

LOS ANGELES--(BUSINESS WIRE)--TCW Strategic Income Fund, Inc. (NYSE: TSI) today announced a quarterly distribution of $0.065 per share payable to shareholders of record on September 30, 2025, with the payable date of October 10, 2025. The distribution is based on a policy that was approved by the Board of Directors in December 2013 which was to pay distributions out of the Fund's accumulated net investment income and/or other sources subject to the requirements of the Investment Company Act of.

Business Wire • Sep 16, 2025

TSI: Unattractive Entry Point (Rating Downgrade)

TCW Strategic Income Fund has delivered over 20% in total return since our 'Buy' rating last year, driven by lower rates and tighter spreads. The fund remains overweight MBS securities and investment-grade corporates, with no leverage, and has seen its discount to NAV narrow significantly. Given the current valuation and narrow discount to NAV, TSI no longer presents an attractive entry point and is downgraded to 'Hold'.

Seeking Alpha • Sep 7, 2024

TSI: This Multi-Sector Bond Fund Is Nothing Special

TCW Strategic Income offers a 5.10% yield, lower than its peers, reducing its appeal to income-seeking investors. The fund has generally underperformed its peers, but it did not decline as severely as most back in 2022. TSI aims to provide total return through current income and capital appreciation, with a focus on mortgage securities and corporate bonds.

Seeking Alpha • Jun 24, 2024

CEF Report | May 2024 | Activism Is Heating Up

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

Seeking Alpha • Jun 13, 2024

Why TCW is betting on Engine No. 1's ETF business

TCW is acquiring Engine No. 1's ETF business, in a deal that is expected to close in the third quarter.

Yahoo Finance • Aug 2, 2023

TSI: Time To Buy Mortgages

The market is pricing a 90% probability of another rate hike in the upcoming July meeting due to strong economic data. Peak rates are expected in 2023, creating opportunities in Treasuries and MBS, with JP Morgan Research recommending Agency MBS bonds as a top fixed income investment. TCW Strategic Income Fund, a multi-asset class closed-end fund, has non-Agency MBS bonds as its largest holding, with over 29% of the fund's portfolio being MBS bonds.

Seeking Alpha • Jul 9, 2023