About TMARX
The Touchstone Ares Credit Opportunities Fund Class A is a mutual fund that seeks total return, primarily through income and capital appreciation from a diversified portfolio of global debt securities. Managed by Ares Capital Management II LLC since August 2015, with experienced portfolio managers Seth Brufsky and Kapil Singh, CFA, it employs a flexible investment style by allocating assets across core and opportunistic strategies amid changing market conditions. The fund identifies undervalued companies and securities relative to their credit risk, actively hedges against credit, interest rate, and currency risks to preserve capital, and invests in categories like high yield bonds (80.1% of portfolio), bank loans (11.5%), collateralized loan obligations, special situations, equities, and derivatives. Primarily U.S.-focused (83.8%), it features a credit profile heavy in BB/Ba (38.4%) and B/B (35.3%) rated securities, spanning sectors such as telecommunications, consumer cyclicals, and healthcare. With an effective duration of 3.2 years, 389 long holdings across 253 issuers, and a net expense ratio of 1.01%, it plays a key role in the high yield bond market by offering income-oriented exposure with risk management.
Fund Family Touchstone
Category High Yield Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol TMARX
Share Class Class A
Index ICE BofA US High Yield Constrained TR
TMARX had a total return of 0.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.45%.
