1WS Credit Income Fund
OWSCX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 S. Wacker Drive, Suite 4600 New York NY United States of America 60606
- IPO Date
- Mar 4, 2019
- CIK
- 0001748680
- Website
- 1wscapital.com
- Similar Companies
- Business
- 1WS Credit Income Fund (OWSCX) is a non-diversified, closed-end interval fund that seeks attractive risk-adjusted total returns through income generation and capital appreciation by investing primarily in structured credit and securitized debt instruments; these include residential and commercial mortgage-backed securities, asset-backed securities secured by financial, physical, or intangible assets such as receivables, debt and equity tranches of collateralized loan obligations and collateralized debt obligations, public and private senior and mezzanine bonds and loans, as well as other income-producing securities like investment grade debt, debentures, notes, and deferred interest or zero-coupon instruments. The Fund also pursues fundamental credit opportunities with high-conviction long positions, idiosyncratic or event-driven securities featuring catalysts for asset re-pricing such as structural changes or call optionality, and direct loan investments in first lien and mezzanine positions within residential, consumer loan portfolios, and commercial real estate to capture liquidity premiums. It may invest indirectly via exchange-traded funds or derivatives including credit default swaps and total return swaps, and allocates to U.S. and foreign government obligations or equity securities as needed, with potential use of leverage through borrowings or reverse repurchase agreements; the portfolio remains unconstrained by benchmarks, emphasizing top-down risk management across 771 holdings as of recent reports, including U.S. Treasury bills, FIGRE Trust securities, and various auto loan and CLO trusts. Launched in March 2019 as a continuously offered interval fund with quarterly repurchase offers to buy back up to 5% of outstanding shares at net asset value in March, June, September, and December, the Fund is managed by 1WS Capital Advisors LLC, a retail affiliate controlled by One William Street Capital Management L.P., which was founded in 2008 by David Sherr and oversees over $3.6 billion in institutional assets focused on global credit strategies. Headquartered at 1290 Avenue of the Americas, 34th Floor, New York, New York, the Fund distributes via ALPS Distributors Inc., reports via Form 1099-DIV, and targets quarterly income with annual capital gains; Class I shares (OWSCX) suit institutional and high-minimum investors ($1 million initial), while Class A-2 (OWSAX) accommodates broader access, with fees varying by dealer per prospectus. As of April 30, 2025, the Fund manages approximately $664 million in gross assets ($580 million net), reflecting steady operational growth amid selective re-allocations in recovering hospitality credit sectors and caution on non-investment grade risks, as detailed in its 2024 annual report; recent SEC filings in November 2025 seek exemptive relief to enable co-investments and multiple-class structures alongside affiliated business development companies, enhancing strategic flexibility without noted acquisitions, funding rounds, or major partnerships in the past 1-2 years. The strategy serves institutional and retail investors seeking credit diversification and enhanced income, with global exposure including emerging markets and no geographic limits on investments.