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Morningstar

Touchstone Ultra Short Dur F/I Z TSDOX

Morningstar Medalist Rating
Medalist Rating as of | See Touchstone Investments Investment Hub
  • NAV / 1-Day Return 9.09  /  0.01 %
  • Total Assets 485.6 Mil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity High / Limited
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.89%
  • Effective Duration 0.57 years

USD | NAV as of Nov 27, 2023 | 1-Day Return as of Nov 27, 2023, 11:26 PM GMT+0

Morningstar’s Analysis TSDOX

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

People Pillar

The People Pillar is our evaluation of the TSDOX 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 TSDOX’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

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Portfolio Holdings TSDOX

More TSDOX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 187
  • Other Holdings 12
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Autozone, Inc.

3.05
14,791,268
Cash and Equivalents

AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 3.85%

2.52
12,217,406
Securitized

FIDELITY NATL INFORMATION SERVICES

2.31
11,194,938
Cash and Equivalents

LIBERTY UTILS CO DISC CP

2.09
10,145,412
Cash and Equivalents

Humana Inc.

2.06
9,995,326
Cash and Equivalents

Progress Residential 2019-SFR3 Trust 2.571%

1.92
9,339,595
Securitized

BPR TRUST 2021-KEN 7.39648%

1.81
8,789,751
Securitized

CSMC TRUST 3.85%

1.73
8,402,064
Securitized

DTE Energy Co.

1.67
8,092,671
Cash and Equivalents

BHMS Mortgage Trust 6.8792%

1.66
8,040,901
Securitized