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Morningstar

Touchstone Ultra Short Dur F/I C TSDCX

Morningstar Medalist Rating
Medalist Rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 9.17  /  +0.01 %
  • Total Assets 477.8 Mil
  • Adj. Expense Ratio
    1.150%
  • Expense Ratio 1.150%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.89%
  • Effective Duration 0.59 years

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:25 PM GMT+0

Morningstar’s Analysis TSDCX

Will TSDCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSDCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the TSDCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of TSDCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A high-risk, high-return structured credit heavy ultra-short offering.

Analyst Saraja Samant

Saraja Samant

Analyst

Summary

Touchstone Ultra Short Duration’s focus on securitized products is well thought but adds more risk and is supported by a relatively lean dedicated securitized analyst cohort. It earns a Morningstar Medalist Rating of Neutral for its cheaper share classes, and Negative for more expensive ones.

by Saraja Samant
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TSDCX

More TSDCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

CVS Health Corp 5.40324%

2.64 13.0 Mil
Cash and Equivalents

MONTANA-DAKOTA UTILS CO DISC

2.62 12.9 Mil
Cash and Equivalents

The J M Smucker Company

2.44 12.0 Mil
Cash and Equivalents

Gls Auto Receivables Trust 3.68%

2.07 10.2 Mil
Securitized

Orange & Rockland Utilities Inc.

2.03 10.0 Mil
Cash and Equivalents

BHMS Mortgage Trust 6.87233%

1.65 8.1 Mil
Securitized

EXETER AUTOMOBILE RECEIVABLES TRUST 2022-4 4.92%

1.65 8.1 Mil
Securitized

Bxmt 2020-Fl2 Ltd / Llc 6.58981%

1.60 7.9 Mil
Securitized

DELL EQUIPMENT FINANCE TRUST 2022-1 2.94%

1.59 7.8 Mil
Securitized

CSMC TRUST 3.85%

1.58 7.8 Mil
Securitized