TMACX: Touchstone Arbitrage C

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

TMACX Touchstone Arbitrage C


Profile

TMACX - Profile

Vitals

  • YTD Return -8.5%
  • 3 Yr Annualized Return -3.5%
  • 5 Yr Annualized Return -1.9%
  • Net Assets $85.7 M
  • Holdings in Top 10 11.2%

52 WEEK LOW AND HIGH

$8.94
$7.76
$9.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.62%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return -8.5%
  • 3 Yr Annualized Total Return -3.5%
  • 5 Yr Annualized Total Return -1.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Touchstone Credit Opportunities II Fund
  • Fund Family Name
    Touchstone
  • Inception Date
    Aug 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Seth Brufsky

Fund Description

The fund invests, under normal circumstances, at least 80% of its assets (including the amount of borrowings for investment purposes) in U.S. and non-U.S. debt instruments. The fund seeks to achieve its investment goal by investing in a wide array of debt securities or other debt instruments. The fund is non-diversified.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

TMACX - Performance

Return Ranking - Trailing

Period TMACX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.5% -20.3% 6.5% 81.67%
1 Yr -6.6% -19.7% 10.4% 67.65%
3 Yr -3.5%* -9.9% 1.4% 72.44%
5 Yr -1.9%* -6.4% 1.4% 55.26%
10 Yr N/A* -4.1% 1.2% N/A

* Annualized

Return Ranking - Calendar

Period TMACX Return Category Return Low Category Return High Rank in Category (%)
2019 7.4% 0.7% 12.6% 59.45%
2018 -3.6% -14.2% -1.8% 3.07%
2017 -5.1% -5.7% 4.9% 99.74%
2016 1.1% 1.1% 13.4% 100.00%
2015 0.0% -20.6% 1.0% 1.19%

Total Return Ranking - Trailing

Period TMACX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.5% -20.3% 6.5% 81.67%
1 Yr -6.6% -19.7% 10.4% 67.65%
3 Yr -3.5%* -9.9% 3.7% 80.98%
5 Yr -1.9%* -6.4% 3.8% 67.54%
10 Yr N/A* -4.1% 6.4% N/A

* Annualized

Total Return Ranking - Calendar

Period TMACX Return Category Return Low Category Return High Rank in Category (%)
2019 7.4% 0.7% 12.6% 63.10%
2018 -3.6% -14.2% 0.4% 16.27%
2017 -5.1% -5.1% 9.3% 100.00%
2016 1.1% 1.1% 20.7% 100.00%
2015 0.0% -20.6% 1.0% 2.39%

NAV & Total Return History


Holdings

TMACX - Holdings

Concentration Analysis

TMACX Category Low Category High TMACX % Rank
Net Assets 85.7 M 251 K 25.6 B 84.60%
Number of Holdings 287 3 1596 59.15%
Net Assets in Top 10 7.85 M -362 M 2.13 B 88.39%
Weighting of Top 10 11.22% 4.1% 98.9% 42.63%

Top 10 Holdings

  1. Townsquare Media, Inc. 6.5% 1.59%
  2. TransDigm, Inc. 6.25% 1.24%
  3. Sinclair Television Group, Inc. 5.12% 1.17%
  4. Ma Financeco Llc Term Loan B2 1.16%
  5. Sprint Corporation 7.62% 1.11%
  6. Greeneden US Holdings II, LLC/ Greeneden Lux 3 S.a r.l./ Genesys Telecommun 1.04%
  7. Exterran Energy Solutions LP/EES Fin Corp 8.12% 0.99%
  8. TerraForm Power Operating, LLC 4.25% 0.98%
  9. CITGO Petroleum Corporation 6.25% 0.98%
  10. HILLMAN GROUP INC 6.38% 0.96%

Asset Allocation

Weighting Return Low Return High TMACX % Rank
Bonds
95.33% 80.46% 148.76% 40.40%
Cash
3.47% -49.31% 19.40% 50.45%
Stocks
0.69% 0.00% 8.60% 26.12%
Convertible Bonds
0.51% 0.00% 6.42% 37.05%
Preferred Stocks
0.00% 0.00% 5.25% 39.73%
Other
0.00% -4.83% 41.18% 30.36%

Stock Sector Breakdown

Weighting Return Low Return High TMACX % Rank
Communication Services
100.00% 0.00% 100.00% 0.72%
Utilities
0.00% 0.00% 100.00% 33.94%
Technology
0.00% 0.00% 43.86% 25.27%
Real Estate
0.00% 0.00% 75.20% 15.52%
Industrials
0.00% 0.00% 100.00% 48.38%
Healthcare
0.00% 0.00% 100.00% 42.96%
Financial Services
0.00% 0.00% 100.00% 26.35%
Energy
0.00% 0.00% 100.00% 58.84%
Consumer Defense
0.00% 0.00% 23.29% 10.47%
Consumer Cyclical
0.00% 0.00% 100.00% 35.02%
Basic Materials
0.00% 0.00% 100.00% 28.52%

Stock Geographic Breakdown

Weighting Return Low Return High TMACX % Rank
US
0.69% 0.00% 8.60% 24.33%
Non US
0.00% 0.00% 0.94% 19.42%

Bond Sector Breakdown

Weighting Return Low Return High TMACX % Rank
Corporate
87.55% 58.22% 100.00% 90.18%
Securitized
9.01% 0.00% 11.23% 1.56%
Cash & Equivalents
3.44% 0.00% 32.30% 53.35%
Derivative
0.00% 0.00% 7.46% 18.75%
Municipal
0.00% 0.00% 0.60% 7.59%
Government
0.00% 0.00% 21.25% 35.49%

Bond Geographic Breakdown

Weighting Return Low Return High TMACX % Rank
US
77.71% 65.89% 127.59% 78.79%
Non US
17.62% 0.17% 29.53% 8.93%

Expenses

TMACX - Expenses

Operational Fees

TMACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.62% 0.13% 20.17% 0.90%
Management Fee 0.60% 0.00% 1.10% 60.00%
12b-1 Fee 1.00% 0.00% 1.00% 77.82%
Administrative Fee 0.15% 0.01% 0.30% 63.12%

Sales Fees

TMACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.50% 13.64%

Trading Fees

TMACX 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.

TMACX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 16.00% 216.00% 7.92%

Distributions

TMACX - Distributions

Dividend Yield Analysis

TMACX Category Low Category High TMACX % Rank
Dividend Yield 0.00% 0.00% 2.43% 8.04%

Dividend Distribution Analysis

TMACX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

TMACX Category Low Category High TMACX % Rank
Net Income Ratio 4.68% 2.13% 9.34% 73.48%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

TMACX - Fund Manager Analysis

Managers

Seth Brufsky


Start Date

Tenure

Tenure Rank

Aug 31, 2015

4.84

4.8%

Mr. Brufsky is a Partner in the Ares Credit Group, Co-Head and Portfolio Manager of Global Liquid Credit and a member of the Management Committee of Ares Management. Mr. Brufsky also serves as a Director, President, Chief Executive Officer and Portfolio Manager of the Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC). Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee.

Jason Duko


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.5

1.5%

Mr. Duko is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. bank loan credit strategies. Mr. Duko also serves as a Vice President of Ares Dynamic Credit Allocation Fund, Inc. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee.

Kapil Singh


Start Date

Tenure

Tenure Rank

Dec 31, 2018

1.5

1.5%

Mr. Singh is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. high yield credit strategies. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Liquid Credit Allocation Committee. Prior to joining Ares in 2018, Mr. Singh was a Portfolio Manager in the Global Developed Credit Group at DoubleLine Capital, where he managed high yield bonds across strategies and portfolios in a variety of investment vehicles. Previously, Mr. Singh was a Senior Analyst at the Post Advisory Group, where he managed high yield bonds and leveraged loans within the energy sector. In addition, Mr. Singh was Co-Portfolio Manager and Senior Credit Analyst at Four Corners Capital, a subsidiary of Macquarie Funds Group. He also held positions at Bradford & Marzec, PPM America and Heller Financial. Mr. Singh holds a B.S. from the University of Illinois, Urbana-Champaign College of Business in Finance and an M.B.A. from Northwestern University, Kellogg School of Management in Strategy and Finance. Additionally, Mr. Singh is a CFA® charterholder.

Chris Mathewson


Start Date

Tenure

Tenure Rank

Sep 18, 2019

0.78

0.8%

Mr. Mathewson is a Managing Director and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. high yield credit strategies. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee. Prior to joining Ares in 2006, Mr. Mathewson was an Analyst in the Communications and Media Investment Banking Group at Lehman Brothers, where he focused on creating financial models, performing valuation analysis and conducting due diligence. Mr. Mathewson holds a B.A. from Dartmouth College in Economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 35.88 6.83 1.5