Touchstone Flexible Income Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
6.1%
3 Yr Avg Return
0.4%
5 Yr Avg Return
2.7%
Net Assets
$1.3 B
Holdings in Top 10
35.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MXIIX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 0.4%
- 5 Yr Annualized Total Return 2.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.30%
- Dividend Yield 3.3%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameTouchstone Flexible Income Fund
-
Fund Family NameTouchstone Funds
-
Inception DateJun 28, 2012
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDerek Pines
Fund Description
MXIIX - Performance
Return Ranking - Trailing
Period | MXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -14.1% | 9.6% | 51.09% |
1 Yr | 6.1% | -11.6% | 26.3% | 47.67% |
3 Yr | 0.4%* | -17.8% | 17.9% | 32.90% |
5 Yr | 2.7%* | -13.6% | 14.9% | 22.83% |
10 Yr | 3.4%* | -13.6% | 6.5% | 9.20% |
* Annualized
Return Ranking - Calendar
Period | MXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.9% | -12.0% | 15.7% | 28.37% |
2022 | -12.2% | -31.8% | 18.4% | 42.61% |
2021 | -0.4% | -26.6% | 25.7% | 25.45% |
2020 | 3.1% | -49.2% | 18.7% | 35.35% |
2019 | 4.6% | -35.1% | 15.3% | 50.00% |
Total Return Ranking - Trailing
Period | MXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -14.1% | 9.6% | 51.09% |
1 Yr | 6.1% | -11.6% | 26.3% | 47.67% |
3 Yr | 0.4%* | -17.8% | 17.9% | 32.90% |
5 Yr | 2.7%* | -13.6% | 14.9% | 22.83% |
10 Yr | 3.4%* | -13.6% | 6.5% | 9.20% |
* Annualized
Total Return Ranking - Calendar
Period | MXIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.0% | -7.0% | 22.2% | 48.22% |
2022 | -8.1% | -31.8% | 21.1% | 44.04% |
2021 | 3.2% | -13.5% | 49.9% | 27.59% |
2020 | 8.1% | -28.6% | 24.1% | 21.49% |
2019 | 8.7% | -4.8% | 19.1% | 50.57% |
NAV & Total Return History
MXIIX - Holdings
Concentration Analysis
MXIIX | Category Low | Category High | MXIIX % Rank | |
---|---|---|---|---|
Net Assets | 1.3 B | 2.53 M | 143 B | 37.64% |
Number of Holdings | 215 | 4 | 9868 | 69.71% |
Net Assets in Top 10 | 408 M | -1.57 B | 65.8 B | 34.70% |
Weighting of Top 10 | 35.47% | 0.7% | 171.7% | 36.38% |
Top 10 Holdings
- B 0 01/11/24 8.69%
- Dreyfus Government Cash Management Funds SH BEN INT 5.91%
- B 0 06/06/24 5.11%
- B 0 02/22/24 2.62%
- JPM V3.22 03/01/25 2.51%
- BPLN V4.875 PERP 2.31%
- SRE V4.875 PERP 2.28%
- Ishares Trust 0-5YR HIGH YEILD CORP BD ET 2.13%
- SCHW V5.375 PERP G 1.97%
- WFC V2.406 10/30/25 MTN 1.95%
Asset Allocation
Weighting | Return Low | Return High | MXIIX % Rank | |
---|---|---|---|---|
Bonds | 49.57% | -150.81% | 196.48% | 84.63% |
Other | 29.26% | -62.91% | 100.00% | 6.54% |
Stocks | 8.87% | -4.18% | 99.88% | 15.37% |
Cash | 7.03% | -94.66% | 258.91% | 27.40% |
Preferred Stocks | 5.27% | 0.00% | 30.46% | 1.37% |
Convertible Bonds | 0.19% | 0.00% | 33.50% | 75.16% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MXIIX % Rank | |
---|---|---|---|---|
Technology | 25.18% | 0.00% | 28.30% | 3.93% |
Healthcare | 13.46% | 0.00% | 18.60% | 7.02% |
Financial Services | 13.01% | 0.00% | 100.00% | 34.83% |
Consumer Cyclical | 11.80% | 0.00% | 89.95% | 10.67% |
Communication Services | 9.34% | 0.00% | 100.00% | 20.79% |
Industrials | 8.01% | 0.00% | 100.00% | 28.65% |
Consumer Defense | 6.41% | 0.00% | 99.97% | 19.38% |
Energy | 4.58% | 0.00% | 100.00% | 58.71% |
Utilities | 2.90% | 0.00% | 100.00% | 26.12% |
Real Estate | 2.90% | 0.00% | 100.00% | 33.43% |
Basic Materials | 2.40% | 0.00% | 100.00% | 26.12% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MXIIX % Rank | |
---|---|---|---|---|
US | 8.87% | -4.11% | 99.88% | 14.46% |
Non US | 0.00% | -0.07% | 17.73% | 40.64% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MXIIX % Rank | |
---|---|---|---|---|
Corporate | 40.02% | 0.00% | 96.66% | 42.86% |
Securitized | 38.04% | 0.00% | 99.65% | 24.33% |
Government | 10.63% | 0.00% | 99.43% | 51.65% |
Cash & Equivalents | 6.39% | 0.00% | 74.29% | 28.55% |
Municipal | 4.22% | 0.00% | 54.26% | 3.30% |
Derivative | 0.00% | -62.91% | 37.37% | 43.82% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MXIIX % Rank | |
---|---|---|---|---|
US | 49.57% | -151.11% | 196.48% | 77.63% |
Non US | 0.00% | 0.00% | 67.77% | 73.67% |
MXIIX - Expenses
Operational Fees
MXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.01% | 20.67% | 59.64% |
Management Fee | 0.56% | 0.00% | 2.29% | 40.33% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.00% | 0.70% | 57.94% |
Sales Fees
MXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.50% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MXIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 632.00% | 34.74% |
MXIIX - Distributions
Dividend Yield Analysis
MXIIX | Category Low | Category High | MXIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.32% | 0.00% | 23.30% | 80.24% |
Dividend Distribution Analysis
MXIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Monthly |
Net Income Ratio Analysis
MXIIX | Category Low | Category High | MXIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.30% | -1.55% | 11.51% | 37.09% |
Capital Gain Distribution Analysis
MXIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.028 | OrdinaryDividend |
Feb 28, 2024 | $0.034 | OrdinaryDividend |
Jan 30, 2024 | $0.034 | OrdinaryDividend |
Dec 27, 2023 | $0.036 | OrdinaryDividend |
Nov 29, 2023 | $0.033 | OrdinaryDividend |
Oct 30, 2023 | $0.030 | OrdinaryDividend |
Sep 27, 2023 | $0.032 | OrdinaryDividend |
Aug 30, 2023 | $0.032 | OrdinaryDividend |
Jul 28, 2023 | $0.031 | OrdinaryDividend |
Jun 28, 2023 | $0.027 | OrdinaryDividend |
May 30, 2023 | $0.024 | OrdinaryDividend |
Apr 27, 2023 | $0.047 | OrdinaryDividend |
Mar 29, 2023 | $0.038 | OrdinaryDividend |
Feb 27, 2023 | $0.030 | OrdinaryDividend |
Jan 30, 2023 | $0.026 | OrdinaryDividend |
Dec 28, 2022 | $0.027 | OrdinaryDividend |
Dec 09, 2022 | $0.125 | OrdinaryDividend |
Nov 30, 2022 | $0.026 | OrdinaryDividend |
Oct 31, 2022 | $0.024 | OrdinaryDividend |
Sep 29, 2022 | $0.019 | OrdinaryDividend |
Aug 31, 2022 | $0.028 | OrdinaryDividend |
Jul 29, 2022 | $0.026 | OrdinaryDividend |
Jun 29, 2022 | $0.032 | OrdinaryDividend |
May 31, 2022 | $0.042 | OrdinaryDividend |
Apr 29, 2022 | $0.026 | OrdinaryDividend |
Mar 30, 2022 | $0.016 | OrdinaryDividend |
Feb 28, 2022 | $0.030 | OrdinaryDividend |
Jan 31, 2022 | $0.042 | OrdinaryDividend |
Dec 30, 2021 | $0.043 | OrdinaryDividend |
Nov 30, 2021 | $0.036 | OrdinaryDividend |
Oct 29, 2021 | $0.029 | OrdinaryDividend |
Sep 29, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.031 | OrdinaryDividend |
Jul 30, 2021 | $0.030 | OrdinaryDividend |
Jun 29, 2021 | $0.037 | OrdinaryDividend |
May 31, 2021 | $0.035 | OrdinaryDividend |
Apr 30, 2021 | $0.027 | OrdinaryDividend |
Mar 30, 2021 | $0.019 | OrdinaryDividend |
Feb 26, 2021 | $0.037 | OrdinaryDividend |
Jan 29, 2021 | $0.040 | OrdinaryDividend |
Dec 29, 2020 | $0.038 | OrdinaryDividend |
Nov 27, 2020 | $0.045 | OrdinaryDividend |
Oct 29, 2020 | $0.036 | OrdinaryDividend |
Sep 28, 2020 | $0.040 | OrdinaryDividend |
Aug 28, 2020 | $0.047 | OrdinaryDividend |
Jul 30, 2020 | $0.036 | OrdinaryDividend |
Jun 26, 2020 | $0.038 | OrdinaryDividend |
May 28, 2020 | $0.034 | OrdinaryDividend |
Apr 29, 2020 | $0.029 | OrdinaryDividend |
Mar 27, 2020 | $0.026 | OrdinaryDividend |
Feb 27, 2020 | $0.034 | OrdinaryDividend |
Jan 30, 2020 | $0.026 | OrdinaryDividend |
Dec 30, 2019 | $0.032 | OrdinaryDividend |
Nov 29, 2019 | $0.031 | OrdinaryDividend |
Oct 31, 2019 | $0.028 | OrdinaryDividend |
Sep 27, 2019 | $0.036 | OrdinaryDividend |
Aug 30, 2019 | $0.036 | OrdinaryDividend |
Jul 31, 2019 | $0.027 | OrdinaryDividend |
Jun 27, 2019 | $0.032 | OrdinaryDividend |
May 31, 2019 | $0.041 | OrdinaryDividend |
Apr 30, 2019 | $0.039 | OrdinaryDividend |
Mar 28, 2019 | $0.043 | OrdinaryDividend |
Feb 28, 2019 | $0.030 | OrdinaryDividend |
Jan 31, 2019 | $0.043 | OrdinaryDividend |
Dec 28, 2018 | $0.035 | OrdinaryDividend |
Nov 30, 2018 | $0.031 | OrdinaryDividend |
Oct 31, 2018 | $0.034 | OrdinaryDividend |
Sep 27, 2018 | $0.035 | OrdinaryDividend |
Aug 31, 2018 | $0.035 | OrdinaryDividend |
Jul 31, 2018 | $0.026 | OrdinaryDividend |
Jun 28, 2018 | $0.037 | OrdinaryDividend |
May 31, 2018 | $0.029 | OrdinaryDividend |
Apr 30, 2018 | $0.029 | OrdinaryDividend |
Mar 28, 2018 | $0.026 | OrdinaryDividend |
Feb 28, 2018 | $0.024 | OrdinaryDividend |
Jan 31, 2018 | $0.023 | OrdinaryDividend |
Dec 28, 2017 | $0.028 | OrdinaryDividend |
Nov 30, 2017 | $0.024 | OrdinaryDividend |
Oct 27, 2017 | $0.023 | OrdinaryDividend |
Sep 28, 2017 | $0.026 | OrdinaryDividend |
Aug 31, 2017 | $0.025 | OrdinaryDividend |
Jul 31, 2017 | $0.021 | OrdinaryDividend |
Jun 29, 2017 | $0.029 | OrdinaryDividend |
May 31, 2017 | $0.024 | OrdinaryDividend |
Apr 28, 2017 | $0.024 | OrdinaryDividend |
Mar 30, 2017 | $0.027 | OrdinaryDividend |
Feb 28, 2017 | $0.023 | OrdinaryDividend |
Jan 31, 2017 | $0.025 | OrdinaryDividend |
Dec 29, 2016 | $0.030 | OrdinaryDividend |
Nov 30, 2016 | $0.022 | OrdinaryDividend |
Oct 31, 2016 | $0.030 | OrdinaryDividend |
Sep 29, 2016 | $0.026 | OrdinaryDividend |
Aug 31, 2016 | $0.023 | OrdinaryDividend |
Jul 29, 2016 | $0.022 | OrdinaryDividend |
Jun 29, 2016 | $0.031 | OrdinaryDividend |
May 31, 2016 | $0.030 | OrdinaryDividend |
Apr 29, 2016 | $0.021 | OrdinaryDividend |
Mar 30, 2016 | $0.035 | OrdinaryDividend |
Feb 29, 2016 | $0.030 | OrdinaryDividend |
Jan 29, 2016 | $0.009 | OrdinaryDividend |
Dec 30, 2015 | $0.013 | OrdinaryDividend |
Nov 30, 2015 | $0.023 | OrdinaryDividend |
Oct 30, 2015 | $0.020 | OrdinaryDividend |
Sep 29, 2015 | $0.041 | OrdinaryDividend |
Aug 31, 2015 | $0.029 | OrdinaryDividend |
Jul 31, 2015 | $0.024 | OrdinaryDividend |
Jun 29, 2015 | $0.046 | OrdinaryDividend |
May 29, 2015 | $0.031 | OrdinaryDividend |
Apr 30, 2015 | $0.037 | OrdinaryDividend |
Mar 30, 2015 | $0.042 | OrdinaryDividend |
Feb 27, 2015 | $0.024 | OrdinaryDividend |
Jan 30, 2015 | $0.016 | OrdinaryDividend |
Dec 30, 2014 | $0.077 | OrdinaryDividend |
Nov 28, 2014 | $0.034 | OrdinaryDividend |
Oct 31, 2014 | $0.031 | OrdinaryDividend |
Sep 29, 2014 | $0.051 | OrdinaryDividend |
Aug 29, 2014 | $0.049 | OrdinaryDividend |
Jul 31, 2014 | $0.026 | OrdinaryDividend |
Jun 27, 2014 | $0.065 | OrdinaryDividend |
May 30, 2014 | $0.040 | OrdinaryDividend |
Apr 30, 2014 | $0.043 | OrdinaryDividend |
Mar 28, 2014 | $0.045 | OrdinaryDividend |
Feb 28, 2014 | $0.040 | OrdinaryDividend |
Jan 31, 2014 | $0.011 | OrdinaryDividend |
Dec 30, 2013 | $0.072 | OrdinaryDividend |
Nov 29, 2013 | $0.031 | OrdinaryDividend |
Oct 31, 2013 | $0.037 | OrdinaryDividend |
Sep 27, 2013 | $0.055 | OrdinaryDividend |
Aug 30, 2013 | $0.037 | OrdinaryDividend |
Jul 31, 2013 | $0.037 | OrdinaryDividend |
Jun 27, 2013 | $0.048 | OrdinaryDividend |
May 31, 2013 | $0.047 | OrdinaryDividend |
Apr 30, 2013 | $0.052 | OrdinaryDividend |
Mar 27, 2013 | $0.040 | OrdinaryDividend |
Feb 28, 2013 | $0.038 | OrdinaryDividend |
Jan 31, 2013 | $0.039 | OrdinaryDividend |
Dec 28, 2012 | $0.070 | OrdinaryDividend |
Nov 30, 2012 | $0.036 | OrdinaryDividend |
Nov 01, 2012 | $0.033 | OrdinaryDividend |
Sep 28, 2012 | $0.063 | OrdinaryDividend |
MXIIX - Fund Manager Analysis
Managers
Derek Pines
Start Date
Tenure
Tenure Rank
Nov 30, 2018
3.5
3.5%
Derek Pines is a Portfolio Manager and Analyst at Bramshill Investments. Prior to joining Bramshill Investments in 2012, Mr. Pines spent 10 years as a Proprietary Trader and Portfolio Manager specializing in quantitative strategies across a variety of asset classes, the bulk of that time with Assent (Sungard Financial) and most recently Chimera Securities. He also spent a year with Accenture in their Core Trading Services Group. Mr. Pines holds a Masters Graduate Certificate in Algorithmic Trading from Stevens University. Mr. Pines graduated cum laude with a B.S. in finance from Georgetown University.
Paul van Lingen
Start Date
Tenure
Tenure Rank
Nov 30, 2018
3.5
3.5%
Mr. van Lingen is a Senior Managing Director and Portfolio Manager at Bramshill Investments specializing in Mortgage Backed Securities and all Structured Products. He is a member of the firm’s investment committee. Prior to joining Bramshill Investments in 2017, Mr. van Lingen was a Managing Director, Principal, and Portfolio Manager at Rimrock Capital Management, a west coast Hedge Fund. He served as Head of All Structured Products managing approximately 4 billion dollars in capital. Prior to that Mr. van Lingen was a Managing Director at RBS Greenwich Capital where he managed day to day trading activities overseeing several employees as well as worked with private and government agencies to help restore residential securitization markets. He served as Head of Non-Agency MBS Trading managing approximately four billion dollars in capital. Prior to RBS Greenwich, Mr. van Lingen was a Senior Managing Director at Bear Stearns where he oversaw one of the largest trading and issuance platforms overseeing many employees. He served as Head of Agency and Non-Agency ARM Trading managing over twenty billion dollars of capital. Prior to Bear Stearns, Mr. van Lingen served in various roles in managing, consulting, modeling and technology for all aspects of the securitization business at Bankers Trust, Bank of New York, and PriceWaterhouseCoopers. Mr. van Lingen has a B.S. from New York University, Stern School of Business.
Art DeGaetano
Start Date
Tenure
Tenure Rank
Nov 30, 2018
3.5
3.5%
Art DeGaetano is a Principal of Bramshill Investments. Before starting Bramshill in May of 2012, Mr. DeGaetano was a Senior Portfolio Manager at GLG Partners from 2007. Prior to GLG Partners, he traded at RBS Greenwich Capital where he was a Managing Director and Head of Credit Trading for two years. Prior to RBS, he traded for 12 years for Bear Stearns and was a Senior Managing Director and Head Trader on the high yield desk. Mr. DeGaetano has a B.A. from Colgate University. Mr. DeGaetano has been the primary portfolio manager for the Bramshill Income Performance strategy since its inception in April 2016.
Michael Hirschfield
Start Date
Tenure
Tenure Rank
Nov 30, 2018
3.5
3.5%
Mr. Hirschfield is a Portfolio Manager at Bramshill Investments focusing on credit and special situations. He is a member of the firm’s investment committee. Before joining Bramshill Investments in 2018, Mr. Hirschfield served over 9 years as Portfolio Manager for Man Group, the world’s largest publicly listed Hedge Fund. He ran the US Credit portfolio for their GLG Market Neutral Fund, a multi-strategy credit fund. Michael also worked alongside Bramshill founder, Art DeGaetano, during their tenures together at GLG Partners, helping to develop the predecessor to the Bramshill Income Performance Strategy in 2009. Prior to GLG Partners, Michael was Head Trader for Cedarview Capital, an event-driven credit hedge fund. Prior to the buy-side, Mr. Hirschfield worked as a sell-side bond trader for FTN Financial on their Investment Grade Corporate Bond desk. Michael became a CFA charter holder in 2007. He received his B.A. in Economics in 2003 from Yale University. Michael co-founded the Bulldogs Care Foundation, a 501c charitable foundation which raises funds to support student-athlete development programs for underprivileged youth in NYC. The foundation honors four Yale Bulldogs who passed away in a tragic car accident in 2003. Michael serves on the board and has helped to raise over $1.1mm its since inception in 2007.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |