Touchstone Ares Credit Opportunities Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.4%
1 yr return
13.2%
3 Yr Avg Return
3.8%
5 Yr Avg Return
5.1%
Net Assets
$370 M
Holdings in Top 10
11.1%
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 135.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TMAYX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 5.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 4.66%
- Dividend Yield 0.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameTouchstone Ares Credit Opportunities Fund
-
Fund Family NameTouchstone
-
Inception DateAug 31, 2015
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerSeth Brufsky
Fund Description
TMAYX - Performance
Return Ranking - Trailing
Period | TMAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -6.5% | 5.7% | 38.18% |
1 Yr | 13.2% | -9.3% | 24.0% | 3.71% |
3 Yr | 3.8%* | -16.7% | 18.1% | 6.18% |
5 Yr | 5.1%* | -13.0% | 15.2% | 3.56% |
10 Yr | 3.3%* | -13.4% | 6.7% | 16.47% |
* Annualized
Return Ranking - Calendar
Period | TMAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.4% | -12.0% | 15.7% | 16.67% |
2022 | -13.9% | -31.8% | 18.4% | 59.49% |
2021 | 2.8% | -26.6% | 25.7% | 3.76% |
2020 | -2.1% | -49.2% | 18.7% | 76.50% |
2019 | 8.2% | -35.1% | 15.3% | 9.90% |
Total Return Ranking - Trailing
Period | TMAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -6.5% | 5.7% | 38.18% |
1 Yr | 13.2% | -9.3% | 24.0% | 3.71% |
3 Yr | 3.8%* | -16.7% | 18.1% | 6.18% |
5 Yr | 5.1%* | -13.0% | 15.2% | 3.56% |
10 Yr | 3.3%* | -13.4% | 6.7% | 16.47% |
* Annualized
Total Return Ranking - Calendar
Period | TMAYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.2% | -7.0% | 22.2% | 2.78% |
2022 | -8.6% | -31.8% | 21.1% | 47.78% |
2021 | 9.5% | -13.5% | 49.9% | 3.59% |
2020 | 4.7% | -28.6% | 24.1% | 57.77% |
2019 | 10.5% | -4.8% | 19.1% | 32.38% |
NAV & Total Return History
TMAYX - Holdings
Concentration Analysis
TMAYX | Category Low | Category High | TMAYX % Rank | |
---|---|---|---|---|
Net Assets | 370 M | 2.32 M | 127 B | 60.47% |
Number of Holdings | 341 | 2 | 10577 | 58.88% |
Net Assets in Top 10 | 40.9 M | -1.57 B | 65.8 B | 78.60% |
Weighting of Top 10 | 11.06% | 0.7% | 170.6% | 91.51% |
Top 10 Holdings
- Dreyfus Government Cash Management Funds SH BEN INT 2.96%
- Short-Term Invts T INVSCO GOVT INST 1.09%
- BMCAUS 4.375 07/15/30 144A 0.94%
- CMP 6.75 12/01/27 144A 0.91%
- BALL 2.875 08/15/30 0.91%
- EQM 6.5 07/15/48 0.91%
- TPC 6.875 05/01/25 144A 0.88%
- CF 5.15 03/15/34 0.87%
- RRAM 2023-26A SUB 0.80%
- SBPLLC 6.375 09/30/26 144A 0.79%
Asset Allocation
Weighting | Return Low | Return High | TMAYX % Rank | |
---|---|---|---|---|
Bonds | 95.77% | -150.81% | 203.29% | 25.95% |
Cash | 4.05% | -94.66% | 258.91% | 47.04% |
Stocks | 1.29% | -1.60% | 99.88% | 37.78% |
Convertible Bonds | 0.97% | 0.00% | 33.50% | 58.41% |
Preferred Stocks | 0.00% | 0.00% | 30.46% | 87.10% |
Other | -0.04% | -72.32% | 100.00% | 83.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TMAYX % Rank | |
---|---|---|---|---|
Energy | 93.27% | 0.00% | 100.00% | 14.04% |
Industrials | 6.73% | 0.00% | 100.00% | 32.87% |
Utilities | 0.00% | 0.00% | 100.00% | 88.48% |
Technology | 0.00% | 0.00% | 28.30% | 87.08% |
Real Estate | 0.00% | 0.00% | 100.00% | 89.04% |
Healthcare | 0.00% | 0.00% | 18.60% | 87.08% |
Financial Services | 0.00% | 0.00% | 100.00% | 92.42% |
Communication Services | 0.00% | 0.00% | 100.00% | 90.17% |
Consumer Defense | 0.00% | 0.00% | 99.97% | 86.52% |
Consumer Cyclical | 0.00% | 0.00% | 89.95% | 88.76% |
Basic Materials | 0.00% | 0.00% | 100.00% | 88.20% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TMAYX % Rank | |
---|---|---|---|---|
US | 1.29% | -1.47% | 99.88% | 33.38% |
Non US | 0.00% | -0.13% | 17.73% | 82.25% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TMAYX % Rank | |
---|---|---|---|---|
Corporate | 88.07% | 0.00% | 96.66% | 2.03% |
Securitized | 8.43% | 0.00% | 99.65% | 67.92% |
Cash & Equivalents | 4.05% | 0.00% | 88.14% | 39.88% |
Municipal | 0.00% | 0.00% | 54.26% | 86.07% |
Government | 0.00% | 0.00% | 99.43% | 96.71% |
Derivative | -0.04% | -72.32% | 37.37% | 62.40% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TMAYX % Rank | |
---|---|---|---|---|
US | 93.90% | -151.11% | 203.29% | 23.52% |
Non US | 1.87% | 0.00% | 67.77% | 52.50% |
TMAYX - Expenses
Operational Fees
TMAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.01% | 0.01% | 20.67% | 60.21% |
Management Fee | 0.60% | 0.00% | 2.29% | 53.01% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.00% | 0.70% | 62.15% |
Sales Fees
TMAYX 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
TMAYX 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.
TMAYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 135.00% | 0.00% | 632.00% | 79.49% |
TMAYX - Distributions
Dividend Yield Analysis
TMAYX | Category Low | Category High | TMAYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.58% | 0.00% | 18.15% | 5.86% |
Dividend Distribution Analysis
TMAYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
TMAYX | Category Low | Category High | TMAYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.66% | -1.55% | 11.51% | 11.56% |
Capital Gain Distribution Analysis
TMAYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 28, 2024 | $0.054 | OrdinaryDividend |
Jan 30, 2024 | $0.072 | OrdinaryDividend |
Dec 27, 2023 | $0.094 | OrdinaryDividend |
Nov 29, 2023 | $0.066 | OrdinaryDividend |
Oct 30, 2023 | $0.050 | OrdinaryDividend |
Sep 27, 2023 | $0.053 | OrdinaryDividend |
Aug 30, 2023 | $0.061 | OrdinaryDividend |
Jul 28, 2023 | $0.064 | OrdinaryDividend |
Jun 28, 2023 | $0.054 | OrdinaryDividend |
May 30, 2023 | $0.056 | OrdinaryDividend |
Apr 27, 2023 | $0.064 | OrdinaryDividend |
Mar 29, 2023 | $0.052 | OrdinaryDividend |
Feb 27, 2023 | $0.047 | OrdinaryDividend |
Jan 30, 2023 | $0.068 | OrdinaryDividend |
Dec 28, 2022 | $0.072 | OrdinaryDividend |
Nov 30, 2022 | $0.046 | OrdinaryDividend |
Nov 29, 2022 | $0.046 | OrdinaryDividend |
Oct 31, 2022 | $0.058 | OrdinaryDividend |
Sep 29, 2022 | $0.048 | OrdinaryDividend |
Aug 31, 2022 | $0.050 | OrdinaryDividend |
Jul 29, 2022 | $0.045 | OrdinaryDividend |
Jun 29, 2022 | $0.036 | OrdinaryDividend |
May 31, 2022 | $0.038 | OrdinaryDividend |
Apr 29, 2022 | $0.046 | OrdinaryDividend |
Mar 30, 2022 | $0.112 | OrdinaryDividend |
Dec 29, 2021 | $0.086 | OrdinaryDividend |
Sep 28, 2021 | $0.105 | OrdinaryDividend |
Jun 28, 2021 | $0.083 | OrdinaryDividend |
Mar 29, 2021 | $0.062 | OrdinaryDividend |
Dec 30, 2020 | $0.299 | OrdinaryDividend |
Sep 29, 2020 | $0.122 | OrdinaryDividend |
Jun 29, 2020 | $0.136 | OrdinaryDividend |
Mar 30, 2020 | $0.084 | OrdinaryDividend |
Dec 30, 2019 | $0.219 | OrdinaryDividend |
Dec 28, 2018 | $0.205 | OrdinaryDividend |
Dec 30, 2015 | $0.033 | OrdinaryDividend |
TMAYX - Fund Manager Analysis
Managers
Seth Brufsky
Start Date
Tenure
Tenure Rank
Aug 31, 2015
6.75
6.8%
Mr. Brufsky is a Partner in the Ares Credit Group, Co-Head and Portfolio Manager of Global Liquid Credit and a member of the Management Committee of Ares Management. Mr. Brufsky also serves as a Director, President, Chief Executive Officer and Portfolio Manager of the Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC). Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Ares Dynamic Credit Allocation Fund Investment Committee.
Jason Duko
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Mr. Duko is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. bank loan credit strategies. Mr. Duko also serves as a Vice President of Ares Dynamic Credit Allocation Fund, Inc. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee.
Kapil Singh
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
Mr. Singh is a Partner and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. high yield credit strategies. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee and the Liquid Credit Allocation Committee. Prior to joining Ares in 2018, Mr. Singh was a Portfolio Manager in the Global Developed Credit Group at DoubleLine Capital, where he managed high yield bonds across strategies and portfolios in a variety of investment vehicles. Previously, Mr. Singh was a Senior Analyst at the Post Advisory Group, where he managed high yield bonds and leveraged loans within the energy sector. In addition, Mr. Singh was Co-Portfolio Manager and Senior Credit Analyst at Four Corners Capital, a subsidiary of Macquarie Funds Group. He also held positions at Bradford & Marzec, PPM America and Heller Financial. Mr. Singh holds a B.S. from the University of Illinois, Urbana-Champaign College of Business in Finance and an M.B.A. from Northwestern University, Kellogg School of Management in Strategy and Finance. Additionally, Mr. Singh is a CFA® charterholder.
Chris Mathewson
Start Date
Tenure
Tenure Rank
Sep 18, 2019
2.7
2.7%
Mr. Mathewson is a Managing Director and Portfolio Manager of U.S. Liquid Credit in the Ares Credit Group, where he is primarily responsible for managing Ares’ U.S. high yield credit strategies. Additionally, he serves as a member of the Ares Credit Group’s U.S. Liquid Credit Investment Committee. Prior to joining Ares in 2006, Mr. Mathewson was an Analyst in the Communications and Media Investment Banking Group at Lehman Brothers, where he focused on creating financial models, performing valuation analysis and conducting due diligence. Mr. Mathewson holds a B.A. from Dartmouth College in Economics.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 28.19 | 5.72 | 3.19 |