The TSW High Yield Bond Fund - Institutional Class (TSWHX) is a mutual fund that primarily invests in high-yield bonds, also known as "junk bonds." These bonds typically have lower credit ratings and higher risk, but also offer higher potential returns. The fund is designed for institutional investors, such as large corporations or pension funds, and aims to provide a steady stream of income through interest payments from its bond holdings. TSWHX may be a suitable option for investors seeking higher yields and are willing to take on a moderate level of risk.