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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Touchstone Active Bond Fund

TOBIX | Fund

$9.10

$249 M

0.00%

0.63%

Vitals

YTD Return

-2.1%

1 yr return

1.2%

3 Yr Avg Return

-3.2%

5 Yr Avg Return

0.8%

Net Assets

$249 M

Holdings in Top 10

20.4%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.63%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 144.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Touchstone Active Bond Fund

TOBIX | Fund

$9.10

$249 M

0.00%

0.63%

TOBIX - Profile

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return -3.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Touchstone Active Bond Fund
  • Fund Family Name
    Touchstone Funds
  • Inception Date
    Apr 12, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Carter

Fund Description

Under normal circumstances, the Fund invests at least 80% of its assets in bonds. This is a non-fundamental investment policy that the Fund can change upon 60 days’ prior notice to shareholders. Bonds include mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and corporate debt securities. The Fund may engage in frequent and active trading as part of its principal investment strategies.In deciding what securities to buy and sell for the Fund, the Fund’s sub-adviser, Fort Washington Investment Advisors, Inc. (“Fort Washington”), analyzes the overall investment opportunities and risks in different sectors of the debt securities markets by focusing on maximizing total return while reducing volatility of the Fund’s portfolio. Fort Washington follows a disciplined sector allocation process in order to build a diversified portfolio of investments.In building the Fund’s portfolio, Fort Washington primarily invests in investment-grade debt securities, but may invest up to 30% of the Fund’s total assets in non-investment-grade debt securities rated as low as a B by a Nationally Recognized Statistical Rating Organization (“NRSRO”). Non-investment-grade debt securities are often referred to as “junk bonds” and are considered speculative. The Fund’s investment policies are based on credit ratings at the time of purchase. The Fund may also invest up to 20% of its total assets in foreign-issued debt securities denominated in either the U.S. dollar or a foreign currency. Foreign-issued debt securities may include debt securities of emerging market countries.Additionally, in order to implement its investment strategy, the Fund may invest in collateralized loan obligations, mortgage dollar-roll transactions and reverse repurchase agreements, and in derivatives, including forwards, futures contracts, interest rate and credit default swap agreements, and options. These investments may be used to gain or hedge market exposure, to adjust the Fund’s duration, to manage interest rate risk, and for any other purposes consistent with the Fund’s investment strategies and limitations.
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TOBIX - Performance

Return Ranking - Trailing

Period TOBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -12.9% 2.8% 25.69%
1 Yr 1.2% -10.7% 10.3% 21.59%
3 Yr -3.2%* -11.2% 24.8% 28.33%
5 Yr 0.8%* -7.0% 190.6% 16.46%
10 Yr 1.7%* -2.6% 73.4% 17.08%

* Annualized

Return Ranking - Calendar

Period TOBIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.4% -16.2% 8.1% 33.07%
2022 -16.6% -34.7% 131.9% 69.89%
2021 -3.6% -11.6% 4.4% 58.28%
2020 7.0% -10.1% 946.1% 11.53%
2019 7.4% -1.7% 16.9% 5.27%

Total Return Ranking - Trailing

Period TOBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.1% -12.9% 2.8% 25.69%
1 Yr 1.2% -10.7% 10.3% 21.59%
3 Yr -3.2%* -11.2% 24.8% 28.33%
5 Yr 0.8%* -7.0% 190.6% 16.46%
10 Yr 1.7%* -2.6% 73.4% 17.08%

* Annualized

Total Return Ranking - Calendar

Period TOBIX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -11.3% 11.0% 29.08%
2022 -13.8% -32.2% 131.9% 57.27%
2021 -1.1% -9.4% 9.2% 53.93%
2020 10.3% -1.9% 1009.0% 14.71%
2019 10.6% 1.1% 21668.0% 9.28%

NAV & Total Return History

TOBIX - Holdings

Concentration Analysis

TOBIX Category Low Category High TOBIX % Rank
Net Assets 249 M 2.9 M 314 B 76.15%
Number of Holdings 357 1 17889 74.43%
Net Assets in Top 10 51.1 M -106 M 36.5 B 81.12%
Weighting of Top 10 20.36% 4.4% 134.1% 64.49%

Top 10 Holdings

  1. T 4.375 11/30/28 5.45%
  2. Dreyfus Government Cash Management Funds SH BEN INT 2.70%
  3. T 4 02/29/28 2.15%
  4. T 3.625 05/31/28 2.09%
  5. T 3.875 08/15/33 2.04%
  6. T 4.875 11/30/25 1.80%
  7. T 3.375 05/15/33 1.17%
  8. T 2.375 02/15/42 1.09%
  9. T 4 11/15/42 0.94%
  10. BBCMS 2021-C12 A5 0.93%

Asset Allocation

Weighting Return Low Return High TOBIX % Rank
Bonds 		70.50% 0.00% 215.98% 95.09%
Other 		24.99% -13.23% 50.66% 3.54%
Cash 		4.51% -54.51% 79.52% 34.51%
Convertible Bonds 		1.62% 0.00% 7.93% 43.07%
Stocks 		0.00% 0.00% 99.93% 92.25%
Preferred Stocks 		0.00% 0.00% 74.68% 91.05%

Bond Sector Breakdown

Weighting Return Low Return High TOBIX % Rank
Corporate 		39.98% 0.00% 100.00% 21.98%
Securitized 		32.88% 0.00% 98.40% 41.78%
Government 		23.90% 0.00% 86.23% 51.58%
Cash & Equivalents 		2.70% 0.00% 76.23% 49.95%
Municipal 		0.00% 0.00% 100.00% 96.73%
Derivative 		-0.58% -3.37% 50.66% 97.35%

Bond Geographic Breakdown

Weighting Return Low Return High TOBIX % Rank
US 		70.50% 0.00% 215.98% 93.81%
Non US 		0.00% 0.00% 39.04% 93.12%

TOBIX - Expenses

Operational Fees

TOBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 39.10% 57.48%
Management Fee 0.36% 0.00% 1.76% 50.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.50% 69.40%

Sales Fees

TOBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TOBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TOBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 144.00% 2.00% 493.39% 54.27%

TOBIX - Distributions

Dividend Yield Analysis

TOBIX Category Low Category High TOBIX % Rank
Dividend Yield 0.00% 0.00% 9.89% 36.11%

Dividend Distribution Analysis

TOBIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

TOBIX Category Low Category High TOBIX % Rank
Net Income Ratio 2.32% -1.28% 4.79% 15.62%

Capital Gain Distribution Analysis

TOBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TOBIX - Fund Manager Analysis

Managers

Daniel Carter

Start Date

Tenure

Tenure Rank

Sep 30, 2001

20.68

20.7%

Dan Carter focuses on diversified broad market fixed income portfolios. He also serves as an asset specialist for the Government (Treasury/Agency/TIPS) sectors within the fixed income markets. Carter joined the firm in 2000 as a credit analyst. Prior to joining Fort Washington, Carter was an analyst focusing on fixed income with the Ohio Casualty Group and Provident Financial Group. Carter received a BS in Business (Finance and Accounting) from Miami University and holds the Chartered Financial Analyst® designation.

Austin Kummer

Start Date

Tenure

Tenure Rank

Jul 31, 2021

0.83

0.8%

Austin Kummer is a vice president and senior portfolio manager, focused on portfolio management and research functions within several strategies, including Total Return Fixed Income, Multi-Strategy, Private Debt, and Dividend Equity. Kummer joined the firm in 2013. Prior to becoming a portfolio manager, he was primarily focused on investment grade credit research. Kummer received a BBA from Ohio University in Finance and Business Economics and an MBA in Finance from Xavier University. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.81 1.16

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