About THIYX
Touchstone High Yield Fund Institutional Class is a mutual fund in the high yield bond category, designed to provide income through investments in lower-quality, higher-yielding debt securities. It primarily invests at least 65% of its assets in U.S. high-income bonds rated BB or below by major agencies like Standard & Poor's or Moody's, or unrated securities considered speculative, which offer elevated yields but carry greater vulnerability to economic downturns and credit risks. The fund's portfolio emphasizes domestic bonds around 79%, with allocations to non-U.S. bonds, preferred securities, convertibles, and cash investments, featuring credit weightings heavily in BB (49%) and B (30%) ratings. Top holdings include issuers in industries such as telecommunications, energy, insurance, consumer goods, leasing, tobacco, healthcare, and funeral services, with the top 10 comprising about 14% of assets for relatively diversified exposure compared to peers. Launched in 2012 and managed by Touchstone, this institutional share class targets investors seeking income-oriented fixed income strategies amid varying interest rate environments.
Fund Family Touchstone
Category High Yield Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol THIYX
Share Class Institutional
Index ICE BofA US High Yield Cash Pay TR USD
THIYX had a total return of 3.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.24%.
