About TMACX
The Touchstone Ares Credit Opportunities Fund C is a mutual fund share class within the high yield bond category, sub-advised by Ares Capital Management II LLC since August 2015. It seeks total return, primarily through income and capital appreciation, by investing at least 80% of its assets in a diversified portfolio of global debt securities, including high yield bonds, bank loans, special situations, structured credit, and collateralized loan obligations. The fund employs a flexible allocation strategy across core and opportunistic investments, targeting securities with attractive risk-adjusted values, while actively hedging credit, interest rate, and currency risks to help preserve capital. With total fund assets around $787 million, its portfolio features 389 long holdings across 253 issuers, an effective duration of about 3.2 years, and heavy weighting toward U.S. issuers (83.8%), primarily in BB/Ba (38.4%) and B/B (35.3%) rated credits. Sector exposures include media, healthcare, and capital goods, with top holdings like Charter Communications. The Class C shares carry a net expense ratio of 1.73%, a 1% contingent deferred sales charge for holdings under one year, and have delivered competitive performance relative to the ICE BofA U.S. High Yield Constrained Index, earning solid Morningstar ratings.
Fund Family Touchstone
Category High Yield Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TMACX
Share Class Class C
Index ICE BofA US High Yield Constrained TR
TMACX had a total return of -0.32% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.78%.
