About THYAX
Touchstone High Yield Fund Class A is a mutual fund specializing in high-yield bonds, primarily aimed at generating a high level of income for its investors, with capital appreciation as a secondary objective. The fund predominantly invests in non-investment grade (below BBB) debt securities, which offer higher yields compared to investment-grade bonds, reflecting their greater credit risk. Its portfolio features substantial allocations to BB and B rated bonds, along with smaller positions in securities rated below B, BBB, and a modest amount in preferred and convertible securities, as well as cash equivalents. By focusing on lower-quality corporate debt, the fund plays a key role in the fixed-income market by providing income-focused investors with access to riskier segments of the bond market, typically characterized by higher return potential, increased volatility, and sensitivity to credit market conditions. Its diversified holdings span various industries, and the fund’s structure is designed for those seeking enhanced yield opportunities within their fixed-income allocations, while recognizing the associated risks of defaults and market fluctuations inherent to high-yield instruments.
Fund Family Touchstone
Category High Yield Bond
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol THYAX
Share Class Class A
Index ICE BofA US High Yield Cash Pay TR USD
THYAX had a total return of 3.47% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.61%.
