Touchstone High Yield Institutional (THIYX)
| Fund Assets | 107.21M |
| Expense Ratio | 0.73% |
| Min. Investment | $500,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 6.17% |
| Dividend Growth | 4.48% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 7.81 |
| YTD Return | 4.11% |
| 1-Year Return | 5.30% |
| 5-Year Return | 23.58% |
| 52-Week Low | 7.44 |
| 52-Week High | 7.86 |
| Beta (5Y) | n/a |
| Holdings | 164 |
| Inception Date | Jan 27, 2012 |
About THIYX
Touchstone High Yield Fund Institutional Class is an actively managed open‑end mutual fund focused on **below‑investment‑grade U.S. corporate bonds**. Its primary objective is to deliver high current income by investing across the high yield spectrum, balancing credit-driven opportunities with rigorous risk controls. The strategy typically emphasizes diversified exposure to **BB and B-rated issuers**, while tactically allocating to **CCC** credits when compensated for default risk, and may use sector and security selection to manage credit cycle dynamics. The fund commonly spans cyclical industries such as **energy, communications, consumer discretionary, and healthcare**, aiming to capture spread premia while mitigating concentration risk through issuer and industry limits. Duration and yield curve positioning are managed to reduce interest-rate sensitivity relative to investment-grade peers, keeping performance primarily tied to **credit spreads**. Within the fixed income market, Touchstone High Yield Fund Institutional Class serves as a **core high yield allocation** for investors seeking income and diversification from equities and higher‑quality bonds, with a mandate that adapts to changing liquidity, default, and recovery conditions in the speculative‑grade market.
Performance
THIYX had a total return of 5.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.24%.
Top 10 Holdings
13.09% of assets| Name | Symbol | Weight |
|---|---|---|
| CCO Holdings, LLC/ CCO Holdings Capital Corp. - CHTR 4.25 02/01/31 144A | CHTR | 1.66% |
| CQP Holdco LP & Bip-V Chinook Holdco LLC - BLKCQP 5.5 06/15/31 | BLKCQP | 1.57% |
| The Allstate Corporation - ALL V0 08/15/53 B | ALL | 1.47% |
| Energy Transfer LP - ET F 11/01/66 * | ET | 1.40% |
| Dreyfus Government Cash Management Fund | DGCXX | 1.24% |
| Goodyear Tire & Rubber Co. The - GT 5.625 04/30/33 | GT | 1.22% |
| Air Lease Corporation - AL V4.65 PERP B | AL | 1.17% |
| Turning Point Brands Inc - TPB 7.625 03/15/32 144A | TPB | 1.14% |
| AHP Health Partners Inc. - ARDT 5.75 07/15/29 144A | ARDT | 1.12% |
| Carriage Services, Inc. - CSV 4.25 05/15/29 144A | CSV | 1.10% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.04134 | Aug 28, 2025 |
| Jul 30, 2025 | $0.04132 | Jul 30, 2025 |
| Jun 27, 2025 | $0.03827 | Jun 27, 2025 |
| May 29, 2025 | $0.04096 | May 29, 2025 |
| Apr 29, 2025 | $0.04099 | Apr 29, 2025 |
| Mar 28, 2025 | $0.04278 | Mar 28, 2025 |