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Trending ETFs

Touchstone High Yield Fund

mutual fund
THYAX
Payout Change
Pending
Price as of:
$7.47 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (THYCX) Y (THYYX) A (THYAX) Instl (THIYX)
THYAX (Mutual Fund)

Touchstone High Yield Fund

Payout Change
Pending
Price as of:
$7.47 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (THYCX) Y (THYYX) A (THYAX) Instl (THIYX)
THYAX (Mutual Fund)

Touchstone High Yield Fund

Payout Change
Pending
Price as of:
$7.47 +0.0 +0.0%
primary theme
High Yield Bond
share class
C (THYCX) Y (THYYX) A (THYAX) Instl (THIYX)

Name

As of 12/23/2024

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 High Yield Fund

THYAX | Fund

$7.47

$105 M

5.77%

$0.43

1.35%

Vitals

YTD Return

6.1%

1 yr return

6.5%

3 Yr Avg Return

2.2%

5 Yr Avg Return

3.0%

Net Assets

$105 M

Holdings in Top 10

15.7%

52 WEEK LOW AND HIGH

$7.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.35%

SALES FEES

Front Load 3.25%

Deferred Load N/A

TRADING FEES

Turnover 96.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/23/2024

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 High Yield Fund

THYAX | Fund

$7.47

$105 M

5.77%

$0.43

1.35%

THYAX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.35%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Touchstone High Yield Fund
  • Fund Family Name
    Touchstone Funds
  • Inception Date
    Jan 24, 2001
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Timothy Jossart

Fund Description

The Fund normally invests at least 80% of its net assets (including borrowings for investment purposes) in non-investment-grade debt securities. This is a non-fundamental policy that can be changed by the Fund upon 60 days’ prior notice to shareholders. The Fund generally invests in non-investment-grade debt securities of domestic corporations, including Rule 144A securities, but may also invest in foreign-issued debt securities, including up to 5% of its total assets in securities of foreign companies that are denominated in a currency other than the U.S. dollar. Non-investment-grade debt securities are higher risk, lower quality securities, often referred to as “junk bonds,” and are considered speculative. They are rated below BBB- by S&P Global Ratings and Fitch Ratings, Inc. or below Baa3 by Moody’s Investors Service, Inc. The Fund’s investment policies are based on credit ratings at the time of purchase.In selecting securities for the Fund, the sub-adviser, Fort Washington Investment Advisors, Inc. (“Fort Washington”), analyzes the overall investment opportunities and risks in different industry sectors focusing on those industries that exhibit stability and predictability. Having developed certain industry biases resulting from the current macroeconomic environment, Fort Washington implements a process of elimination through which certain types of securities are removed from the list of initially selected securities due to their structure. The next step is to apply a rigorous credit selection process in order to identify securities that offer attractive investment opportunities. Once a security has been purchased, the credit analysis process is re-applied to each individual security in the Fund’s portfolio on a periodic basis or as new information becomes available to determine whether or not to keep a security in the Fund’s portfolio.
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THYAX - Performance

Return Ranking - Trailing

Period THYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -8.8% 17.7% 81.35%
1 Yr 6.5% -9.2% 18.4% 80.86%
3 Yr 2.2%* -14.6% 21.0% 59.90%
5 Yr 3.0%* -12.0% 36.6% 67.98%
10 Yr 3.8%* -4.8% 20.1% 66.19%

* Annualized

Return Ranking - Calendar

Period THYAX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -4.7% 14.3% 21.71%
2022 -15.3% -33.4% 3.6% 44.52%
2021 0.1% -8.4% 8.2% 46.21%
2020 -1.1% -13.2% 302.7% 69.27%
2019 8.7% -4.4% 13.3% 34.67%

Total Return Ranking - Trailing

Period THYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -8.8% 17.7% 81.35%
1 Yr 6.5% -9.2% 18.4% 80.86%
3 Yr 2.2%* -14.6% 21.0% 59.90%
5 Yr 3.0%* -12.0% 36.6% 67.98%
10 Yr 3.8%* -4.8% 20.1% 66.19%

* Annualized

Total Return Ranking - Calendar

Period THYAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.7% -4.7% 18.7% 35.86%
2022 -11.0% -33.4% 47.8% 57.31%
2021 4.6% -8.4% 12.4% 60.86%
2020 4.0% -9.6% 325.6% 73.71%
2019 14.2% -3.8% 21.6% 42.34%

NAV & Total Return History

THYAX - Holdings

Concentration Analysis

THYAX Category Low Category High THYAX % Rank
Net Assets 105 M 3.13 M 25.3 B 84.43%
Number of Holdings 152 2 3879 85.34%
Net Assets in Top 10 16.8 M -492 M 5.25 B 85.83%
Weighting of Top 10 15.74% 4.2% 146.0% 37.89%

Top 10 Holdings

  1. Dreyfus Government Cash Management Funds SH BEN INT 2.94%
  2. BLKCQP 5.5 06/15/31 1.80%
  3. Short-Term Invts T INVSCO GOVT INST 1.63%
  4. CHTR 4.25 02/01/31 144A 1.57%
  5. WYNMAC 4.875 10/01/24 144A 1.51%
  6. STGW 5.625 08/15/29 144A 1.49%
  7. WRLDPY 7.5 01/15/31 144A 1.35%
  8. VST V8 PERP 144A 1.20%
  9. ARDT 5.75 07/15/29 144A 1.13%
  10. GT 5.625 04/30/33 1.12%

Asset Allocation

Weighting Return Low Return High THYAX % Rank
Bonds 		97.46% 0.00% 145.36% 16.72%
Cash 		4.57% -52.00% 48.02% 36.41%
Convertible Bonds 		1.45% 0.00% 17.89% 31.80%
Other 		0.32% -39.08% 99.86% 24.88%
Stocks 		0.00% 0.00% 97.54% 95.25%
Preferred Stocks 		0.00% 0.00% 4.97% 86.00%

Bond Sector Breakdown

Weighting Return Low Return High THYAX % Rank
Corporate 		97.27% 0.00% 100.00% 26.57%
Cash & Equivalents 		4.57% 0.00% 48.02% 31.30%
Derivative 		0.00% -14.58% 42.26% 72.32%
Securitized 		0.00% 0.00% 97.24% 88.28%
Municipal 		0.00% 0.00% 1.17% 77.89%
Government 		0.00% 0.00% 99.07% 84.98%

Bond Geographic Breakdown

Weighting Return Low Return High THYAX % Rank
US 		97.46% 0.00% 126.57% 13.18%
Non US 		0.00% 0.00% 96.91% 86.82%

THYAX - Expenses

Operational Fees

THYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.02% 38.33% 27.14%
Management Fee 0.55% 0.00% 1.75% 53.53%
12b-1 Fee 0.25% 0.00% 1.00% 57.48%
Administrative Fee 0.15% 0.00% 0.50% 65.95%

Sales Fees

THYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 2.25% 5.75% 85.11%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

THYAX 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.

THYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 96.00% 1.00% 255.00% 85.79%

THYAX - Distributions

Dividend Yield Analysis

THYAX Category Low Category High THYAX % Rank
Dividend Yield 5.77% 0.00% 11.76% 58.76%

Dividend Distribution Analysis

THYAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly SemiAnnual Monthly Monthly

Net Income Ratio Analysis

THYAX Category Low Category High THYAX % Rank
Net Income Ratio 4.35% -2.39% 9.30% 52.68%

Capital Gain Distribution Analysis

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

Distributions History

View More +

THYAX - Fund Manager Analysis

Managers

Timothy Jossart

Start Date

Tenure

Tenure Rank

Dec 31, 2011

10.42

10.4%

Timothy J. Jossart, CFA is Vice President and Portfolio Manager for the firm’s High Yield Fixed Income strategy. Jossart joined Fort Washington in 1996 as a member of the Public Equity team before moving to High Yield in 2005. Prior to joining Fort Washington, Tim worked for Star Bank in Cincinnati where he was an equity analyst supporting Trust Department investments. Prior to his work at Star Bank (now US Bancorp), he spent two-and-a-half years as a credit analyst with PNC Bank overseeing corporate credits. Jossart received a BBA in Finance from the University of Wisconsin-Madison. He is a CFA charterholder.

Garrick Bauer

Start Date

Tenure

Tenure Rank

Jan 30, 2017

5.33

5.3%

Garrick Bauer, CFA is Vice President and Portfolio Manager for the Opportunistic High Yield strategy. Garrick joined the firm in 2013. Prior to joining Fort Washington, he worked at Wellington Management Company as a credit portfolio manager on several mutual funds. While at Wellington he was also an analyst on the High Yield team following a variety of sectors. Prior to Wellington Management, he worked at Summit Investment Partners and PricewaterhouseCoopers. Garrick received his BS in Accounting from Miami University and his Masters in Business Administration from the University of Virginia. He is a CFA charterholder and earned the Certified Public Accountant (CPA) designation (inactive).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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