Touchstone Credit Opportunities Instl
Name
As of 09/06/2019Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$302 M
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 135.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/06/2019Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TOCIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.76%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameTouchstone Ares Credit Opportunities Fund
-
Fund Family NameTouchstone
-
Inception DateAug 31, 2015
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerSeth Brufsky
Fund Description
TOCIX - Performance
Return Ranking - Trailing
| Period | TOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -47.8% | 15.5% | 71.83% |
| 1 Yr | N/A | -47.2% | 12.9% | 11.57% |
| 3 Yr | N/A* | -22.8% | 51.4% | 5.45% |
| 5 Yr | N/A* | -29.5% | 29.1% | 9.65% |
| 10 Yr | N/A* | -27.4% | 13.1% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.8% | 18.4% | 20.62% |
| 2022 | N/A | -14.3% | 15.8% | 20.23% |
| 2021 | N/A | -20.2% | 60.6% | 23.29% |
| 2020 | N/A | -10.2% | 3.6% | 22.60% |
| 2019 | -8.8% | -12.3% | 0.7% | 91.05% |
Total Return Ranking - Trailing
| Period | TOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | N/A | -11.7% | 15.5% | 71.83% |
| 1 Yr | N/A | -17.6% | 12.9% | 9.86% |
| 3 Yr | N/A* | -22.8% | 51.4% | 5.72% |
| 5 Yr | N/A* | -29.5% | 29.8% | 11.54% |
| 10 Yr | N/A* | -27.4% | 16.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TOCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | N/A | -31.8% | 18.4% | 22.17% |
| 2022 | N/A | -14.3% | 15.8% | 21.36% |
| 2021 | N/A | -20.2% | 60.6% | 24.46% |
| 2020 | N/A | -10.2% | 3.6% | 23.80% |
| 2019 | -2.3% | -12.3% | 1.5% | 61.52% |
NAV & Total Return History
TOCIX - Holdings
Concentration Analysis
| TOCIX | Category Low | Category High | TOCIX % Rank | |
|---|---|---|---|---|
| Net Assets | 302 M | 100 | 124 B | 62.70% |
| Number of Holdings | 401 | 2 | 8175 | 57.20% |
| Net Assets in Top 10 | 26.9 M | -1.57 B | 20.5 B | 73.63% |
| Weighting of Top 10 | 8.77% | 4.3% | 105.0% | 90.78% |
Top 10 Holdings
- Dreyfus Government Cash Mgmt Instl 1.41%
- Nexstar Broadcasting Inc 4.75% 1.19%
- FTS International Inc 1.05%
- Exterran Energy Solutions LP/EES Fin Corp 8.12% 1.05%
- Sinclair Television Group, Inc. 5.12% 1.04%
- T-Mobile US, Inc. 7.62% 0.94%
- Extraction Oil & Gas Inc Ordinary Shares - New 0.93%
- TELENET FINANCE LUXEMBOURG NOTES S.A.R.L 5.5% 0.93%
- TELENET FINANCE LUXEMBOURG NOTES S.A.R.L 5.5% 0.93%
- TELENET FINANCE LUXEMBOURG NOTES S.A.R.L 5.5% 0.93%
Asset Allocation
| Weighting | Return Low | Return High | TOCIX % Rank | |
|---|---|---|---|---|
| Bonds | 95.66% | -150.81% | 180.51% | 17.15% |
| Cash | 1.84% | -261.12% | 258.91% | 79.25% |
| Stocks | 1.53% | -38.22% | 261.12% | 24.50% |
| Convertible Bonds | 0.97% | 0.00% | 33.50% | 57.93% |
| Preferred Stocks | 0.00% | 0.00% | 13.21% | 74.50% |
| Other | 0.00% | -25.82% | 276.99% | 61.38% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TOCIX % Rank | |
|---|---|---|---|---|
| Energy | 93.27% | 0.00% | 100.00% | 14.10% |
| Industrials | 6.73% | 0.00% | 100.00% | 32.05% |
| Utilities | 0.00% | 0.00% | 100.00% | 69.49% |
| Technology | 0.00% | 0.00% | 29.61% | 65.13% |
| Real Estate | 0.00% | 0.00% | 100.00% | 68.72% |
| Healthcare | 0.00% | 0.00% | 100.00% | 66.15% |
| Financial Services | 0.00% | 0.00% | 100.00% | 74.62% |
| Communication Services | 0.00% | 0.00% | 100.00% | 71.03% |
| Consumer Defense | 0.00% | 0.00% | 99.97% | 67.69% |
| Consumer Cyclical | 0.00% | 0.00% | 89.95% | 73.08% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 69.49% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TOCIX % Rank | |
|---|---|---|---|---|
| US | 1.53% | -40.06% | 261.12% | 21.47% |
| Non US | 0.00% | -0.10% | 18.33% | 64.41% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TOCIX % Rank | |
|---|---|---|---|---|
| Corporate | 88.07% | 0.00% | 97.25% | 1.88% |
| Securitized | 8.43% | 0.00% | 99.65% | 65.27% |
| Cash & Equivalents | 1.84% | 0.00% | 100.00% | 88.15% |
| Derivative | 1.67% | -0.52% | 72.98% | 39.16% |
| Municipal | 0.00% | 0.00% | 54.26% | 66.57% |
| Government | 0.00% | 0.00% | 99.43% | 91.32% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TOCIX % Rank | |
|---|---|---|---|---|
| US | 82.35% | -151.11% | 194.51% | 18.88% |
| Non US | 13.31% | -136.75% | 104.82% | 58.21% |
TOCIX - Expenses
Operational Fees
| TOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.01% | 26.65% | 62.41% |
| Management Fee | 0.60% | 0.00% | 2.29% | 49.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.70% | 60.96% |
Sales Fees
| TOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 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.
| TOCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 135.00% | 0.00% | 632.00% | 78.64% |
TOCIX - Distributions
Dividend Yield Analysis
| TOCIX | Category Low | Category High | TOCIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 18.24% | 93.04% |
Dividend Distribution Analysis
| TOCIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| TOCIX | Category Low | Category High | TOCIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 4.76% | -1.55% | 11.51% | 10.59% |
Capital Gain Distribution Analysis
| TOCIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Jun 27, 2019 | $0.136 | OrdinaryDividend |
| Mar 28, 2019 | $0.121 | OrdinaryDividend |
| Dec 28, 2018 | $0.144 | OrdinaryDividend |
| Sep 27, 2018 | $0.167 | OrdinaryDividend |
| Jun 28, 2018 | $0.129 | OrdinaryDividend |
| Mar 28, 2018 | $0.132 | OrdinaryDividend |
| Dec 28, 2017 | $0.157 | OrdinaryDividend |
| Sep 28, 2017 | $0.146 | OrdinaryDividend |
| Jun 29, 2017 | $0.122 | OrdinaryDividend |
| Mar 30, 2017 | $0.115 | OrdinaryDividend |
| Dec 29, 2016 | $0.132 | OrdinaryDividend |
| Sep 29, 2016 | $0.133 | OrdinaryDividend |
| Jun 29, 2016 | $0.101 | OrdinaryDividend |
| Mar 30, 2016 | $0.093 | OrdinaryDividend |
| Dec 30, 2015 | $0.053 | OrdinaryDividend |
| Sep 29, 2015 | $0.005 | OrdinaryDividend |
TOCIX - Fund Manager Analysis
Managers
Seth Brufsky
Start Date
Tenure
Tenure Rank
Aug 31, 2015
6.75
6.8%
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
3.42
3.4%
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
3.42
3.4%
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
2.7
2.7%
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 |
|---|---|---|---|
| 0.08 | 28.19 | 5.65 | 3.19 |