TCW Strategic Income Fund, Inc. is a close-ended balanced mutual fund launched by The TCW Group, Inc. The fund is managed by TCW Investment Management Company. It invests in the public equity and fixed income markets of the United States. The fund makes its investments in securities of companies operating across diversified sectors. For its equity investments, it seeks to invest in growth and value stocks of companies. The fund's fixed income investments are comprised of mortgage related securities, asset-backed securities, money market securities, convertible securities, high yield bonds, collateralized debt obligations (CDOs), and securities issued or guaranteed by the United States Government, its agencies and instrumentalities. It benchmarks the performance of its portfolio against the S&P 500 Index, NASDAQ, and a customized benchmark comprised of Barclays U.S. Aggregate Bond Index, Citigroup High Yield Cash Pay Index, S&P 500 Index, and BofA Merrill Lynch All Convertibles All Qualities. The fund was previously known as TCW Convertible Securities Fund, Inc. TCW Strategic Income Fund, Inc. was formed on January 13, 1987 and is domiciled in the United States.

TCW Strategic Income Fund, Inc.

TCW is a leading global asset management firm with a broad range of products across fixed income, equities, emerging markets and alternative investments.  With more than four decades of investment experience, TCW today manages $202 billion in client assets.  Through MetWest Funds, and TCW Funds, TCW manages one of the largest mutual fund complexes in the U.S.  TCW’s clients include many of the world’s largest corporate and public pension plans, financial institutions, endowments and foundations, as well as financial advisors and high net worth individuals.  

TCW is an Affirmative Action-Equal Opportunity Employer.  For more information, please visit www.TCW.com.
To see TCW career opportunities, please visit the TCW website under Our Firm/ Careers.

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The TCW Group

TCW welcomes Wael Younan who joins as Co-Head of Sovereigns. Wael will be based in the Middle East, partnering with Co-Head Peter Moore, CFA who is based in the U.S. Together they will work closely with sovereign wealth clients globally to deliver differentiated investment solutions through their deep understanding of these entities’ unique needs. Please join us in extending a warm welcome to Wael!

Bryan Whalen, CIO of TCW's Fixed Income Group, has released a new Trading Secrets that outlines a set of foundational views for investors to carefully consider in the coming months. He refers to these tenets as "our Magnificent Seven," drawing inspiration from the stock market's tech darlings. TCW advises clients to prepare for an economic slowdown and to question the market's overly optimistic expectations that a soft landing is a sure bet. 
 
"Markets don’t move in straight lines," Whalen writes. "Even when you get it mostly right, there will inevitably be times when the data and markets move against you." https://tcwgrp.com/EMU4RJ

We are pleased to announce the launch of TCW’s first dedicated Asset-Backed Finance Business, led by Portfolio Manager Dylan Ross, as we continue to expand our alternative credit capabilities to meet the needs of clients. For more information on the ABF Business, please visit: https://tcwgrp.com/FjknBP

TCW is excited to welcome Keith VanOrden as Head of U.S. Wealth Distribution. With nearly 30 years of experience leading sales teams across all channels in the U.S. and Canada, he brings a proven track record for partnership and growth. We are excited to enter a new phase of commitment and collaboration with our wealth clients and partners under his leadership. Please join us in welcoming Keith to TCW!

Our Head of Global Wealth, Jennifer Grancio, joined CNBC’s ETF Edge to discuss TCW ETFs, the value of our active approach, and where we’re finding opportunity across the energy transformation. Tune in to learn more: https://tcwgrp.com/kETfqz
 
For fund disclosures and more info on TCW Transform 500 ETF (VOTE): https://etf.tcw.com/vote/
For TCW Transform Systems ETF (NETZ): https://etf.tcw.com/netz
For TCW Transform Supply Chain ETF (SUPP): https://etf.tcw.com/supp

CEO Katie Koch was featured in Bloomberg’s series “Next Big Risk,” discussing the challenges of retirement funding amid the “silver tsunami” of increasing lifespans. With life expectancy growing over the coming decades, the responsibility once shouldered by the government and corporations has shifted to individuals. At TCW, we’re advocating for a reimagination of defined-contribution plans, and are working to develop the solutions for the future. Watch Katie’s interview: https://tcwgrp.com/XdPofI

Changes in office work dynamics have companies gravitating to trophy properties with updated amenities and more desirable locations. TCW is certainly a part of this trend as we move our Los Angeles headquarters this week to 515 South Flower Street, one of the most prestigious buildings in downtown LA’s Financial District. TCW’s downtown LA upgrade exemplifies the bifurcation trend our credit analysts highlight – as high-quality and well-operated office properties remain resilient – even in particularly dislocated markets.
 
These new dynamics also have big implications for fixed income investors. Liza Crawford, Co-Head of Global Securitized, joined the Bloomberg Odd Lots podcast to discuss the parallels between retail and office commercial real estate, what a bifurcating market means for CMBS investors, and why TCW is focused on high quality assets as we look for further disruption and future opportunities. 
 
https://tcwgrp.com/dyNCns

We are honored to announce that TCW has been awarded Best IT Team – Buy Side by WatersTechnology.com’s 2023 American Financial Technology Awards. This is a well-deserved honor in AFTA's most sought-after category* and is a testament to our teams’ diligent partnership with Microsoft in creating a fixed income trading desk in our London office. 

*Nine firms in total were considered for this category.

We’re pleased to welcome Melissa Stolfi to TCW as our new Co-Chief Operating Officer. As we continue to grow our business globally, Melissa will work alongside Co-COO Liz Kraninger on all aspects of TCW operations. As the complexity of our industry continues to grow, Melissa’s experience building and growing investing businesses will be incredibly valuable to TCW as we scale our business for the future. Please join us in welcoming Melissa to TCW!

For the first in our “TCW Talks” series bringing senior leaders across industries to TCW, we were thrilled to welcome JPMorgan Chase & Co. President and Chief Operating Officer Daniel Pinto for a discussion with TCW’s President and Chief Executive Officer Katie Koch and senior bank credit analyst Chet Malhotra. Daniel shared his views about the bank regulatory environment, the opportunity set ahead of JPM, and the health of the consumer. Daniel also offered his perspective on what has kept him at JPM for forty years - leveraging all of JPM to solve complex problems for clients and the dedication of his extraordinarily talented colleagues. We all appreciated his comment that the fact that a kid from Argentina could start out at JPM as an analyst and trader and rise to the level of President speaks to the unique culture of accountability and meritocracy that drives America's largest bank and one of its most admired companies.

	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
asset turnover	0.07 -	0.02 69.53%	0.08 277.31%	0.06 26.66%	0.03 46.30%	-0.07 306.96%	0.05 172.77%
cash conversion cycle							-13.45K -
cash per share	0.00 -	0.00 81.09%	0.00 440.09%		0.00 -		0.42 -
company equity multiplier	1.03 -	1.03 0.37%	1.03 0.38%	1.16 13.47%	1.26 8.16%	1.25 0.80%	1.27 1.45%
days of inventory outstanding
days of payables outstanding							13.66K -
days of sales outstanding	29.57 -	125.10 323.08%	32.13 74.32%	316.33 884.50%	1.06K 233.59%	-96.17 109.11%	204.94 313.11%
ebit per revenue	0.97 -	0.89 8.31%	0.97 8.84%	0.95 1.27%	0.91 4.44%	1.04 13.68%	1.53 47.83%
ebt per ebit	1 -	1 0%	1 0%	1 0%	1 0%	1.01 0.84%	0.99 1.62%
effective tax rate
enterprise value multiple	13.80 -	47.91 247.08%	12.28 74.38%	14.22 15.89%	27.48 93.15%	0.01 99.97%	9.58 123,217.99%
fixed asset turnover
free cash flow per share
gross profit margin	1 -	1 0%	1 0%	1 0%	1 0%	1 0%	0.89 11.47%
interest coverage				167.42 -	178.52 6.63%	-118.75 166.52%	113.92 195.93%
inventory turnover
long term debt to capitalization
net income per ebt	1 -	1 0%	1 0%	1 0%	1 0%	1 0%	1 0%
net profit margin	0.97 -	0.89 8.31%	0.97 8.84%	0.95 1.27%	0.91 4.44%	1.05 14.64%	1.52 45.43%
operating cash flow per share
operating cycle							204.94 -
operating profit margin	0.97 -	0.89 8.31%	0.97 8.84%	0.95 1.27%	0.91 4.44%	1.04 13.68%	1.53 47.83%
payables turnover							0.03 -
pretax profit margin	0.97 -	0.89 8.31%	0.97 8.84%	0.95 1.27%	0.91 4.44%	1.05 14.64%	1.52 45.43%
price fair value	0.97 -	0.95 2.69%	0.99 4.83%	0.95 4.79%	1.01 7.21%		0.91 -
receivables turnover	12.34 -	2.92 76.36%	11.36 289.34%	1.15 89.84%	0.35 70.02%	-3.80 1,197.33%	1.78 146.92%
return on assets	0.07 -	0.02 72.06%	0.08 310.68%	0.06 27.59%	0.03 48.68%	-0.07 337.25%	0.07 205.83%
return on capital employed	0.07 -	0.02 71.96%	0.08 309.03%	0.07 17.84%	0.04 44.62%	-0.09 333.62%	0.09 208.94%
return on equity	0.07 -	0.02 71.96%	0.08 309.11%	0.07 17.83%	0.04 44.50%	-0.09 335.36%	0.09 207.37%
total debt to capitalization

COM:TCW

TCW Group

Last Close

4.95

21/11 20:58

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228.89M

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14.75K

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