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Morningstar

Touchstone Strategic Income Opp A TQPAX

Morningstar Analyst Rating
Analyst rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 2.99  /  0.00
  • Total Assets 221.0 Mil
  • Adj. Expense Ratio
    —
  • Expense Ratio 1.000%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.40%
  • Effective Duration 4.46 years

USD | NAV as of Mar 21, 2023 | 1-Day Return as of Mar 21, 2023, 10:33 PM GMT+0

Morningstar’s Analysis TQPAX

Will TQPAX 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 TQPAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the TQPAX 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 TQPAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strategy and team changes remain fresh.

Associate Analyst

Summary

| by Elizabeth Templeton

Touchstone Strategic Income Opportunities’s new team and undifferentiated approach support a Morningstar Analyst Rating of Neutral on its cheaper share classes; its more expensive C shares are rated Negative.

Unlock our full analysis with Morningstar Investor

Portfolio Holdings TQPAX

More TQPAX Holdings
  • Current Portfolio Date Dec 31, 2022
  • Equity Holdings 14
  • Bond Holdings 149
  • Other Holdings 14
  • % Assets in Top 10 Holdings 19.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 0.5%

4.69
10,583,203
Government

United States Treasury Notes 2.75%

3.34
7,548,866
Government

United States Treasury Bonds 2.375%

3.10
7,005,448
Government

NEIGHBORLY ISSUER LLC 3.584%

1.74
3,938,380
Securitized

Commercial Mortgage Trust 2017 3%

1.56
3,525,857
Securitized

BX COMMERCIAL MORTGAGE TRUST 3.54238%

1.56
3,525,339
Securitized

Whitebox Clo I Ltd/Llc 6.37457%

1.56
3,522,079
Securitized

NEW MOUNTAIN CLO 3 LTD 6.34257%

1.54
3,487,339
Securitized

Birch Grove Clo 2 Ltd / Llc 6.47657%

1.53
3,466,710
Securitized

AB ISSUER LLC 3.734%

1.51
3,401,478
Securitized