Touchstone Ares Credit Opportunities Fund (TARBX)
The investment seeks absolute total return, primarily from income and capital appreciation. The fund invests normally at least 80% of its assets (including the amount of borrowings for investment purposes) in U.S. and non-U.S. debt instruments. It seeks to achieve its investment goal by investing in a wide array of debt securities or other debt instruments. It may invest in debt instruments of any credit quality or rating and may invest without limit in loans, bonds and other debt instruments that are rated below investment grade by one or more NRSRO or, if unrated, deemed by the sub-advisor to be of comparable quality. The fund is non-diversified.
Fund Info
| ISIN | US89155T5992 |
|---|---|
| CUSIP | 89155T599 |
| Issuer | Touchstone |
| Inception Date | Aug 30, 2015 |
| Category | High Yield Bonds |
| Min. Investment | $500,000 |
| Asset Class | Bond |
Expense Ratio
TARBX features an expense ratio of 0.73%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Touchstone Ares Credit Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Touchstone Ares Credit Opportunities Fund had a return of 7.56% year-to-date (YTD) and 13.06% in the last 12 months. Over the past 10 years, Touchstone Ares Credit Opportunities Fund had an annualized return of 4.32%, while the S&P 500 had an annualized return of 10.85%, indicating that Touchstone Ares Credit Opportunities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.56% | 17.79% |
| 1 month | 1.76% | 0.18% |
| 6 months | 6.20% | 7.53% |
| 1 year | 13.06% | 26.42% |
| 5 years (annualized) | 5.57% | 13.48% |
| 10 years (annualized) | 4.32% | 10.85% |
Monthly Returns
The table below presents the monthly returns of TARBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.03% | 0.59% | 1.14% | -1.04% | 1.30% | 1.18% | 1.42% | 1.55% | 7.56% | ||||
| 2023 | 3.47% | -0.79% | 0.15% | 0.84% | -0.59% | 1.98% | 1.83% | 0.79% | -1.06% | -1.89% | 4.31% | 3.70% | 13.26% |
| 2022 | -1.65% | -0.98% | -0.14% | -2.65% | -0.73% | -5.83% | 5.12% | -0.42% | -3.69% | 1.68% | 1.42% | -0.42% | -8.38% |
| 2021 | 1.10% | 1.18% | 0.63% | 1.17% | 0.67% | 1.21% | -0.29% | 0.48% | 2.63% | -0.37% | -0.85% | 1.68% | 9.60% |
| 2020 | 0.19% | -1.56% | -14.94% | 3.06% | 5.59% | 1.92% | 4.09% | 1.45% | -0.66% | 0.41% | 4.14% | 2.60% | 4.71% |
| 2019 | 2.12% | -0.10% | 1.87% | 1.22% | -1.21% | 1.53% | 1.10% | 0.89% | 1.81% | -0.10% | 0.20% | 2.36% | 12.27% |
| 2018 | -0.10% | -1.62% | 0.31% | -0.61% | 0.93% | 1.63% | -0.60% | 0.10% | -0.30% | -1.82% | 0.62% | -0.86% | -2.37% |
| 2017 | -1.46% | 0.39% | 0.00% | 1.08% | 0.10% | 0.78% | -0.19% | 0.19% | 0.10% | -0.10% | -0.67% | 0.21% | 0.40% |
| 2016 | 0.10% | 0.30% | 1.78% | -0.29% | 1.07% | -0.00% | -0.00% | -0.10% | 0.68% | -0.29% | 1.16% | 0.71% | 5.21% |
| 2015 | -0.10% | 0.50% | 0.50% | -0.99% | 0.80% | -0.10% | 0.20% | -0.20% | -0.20% | 1.60% | 0.20% | 0.64% | 2.86% |
| 2014 | -0.20% | 0.40% | -0.40% | -0.20% | -0.90% | 0.20% | -0.40% | 0.71% | -0.40% | -1.01% | 0.51% | 1.17% | -0.54% |
| 2013 | -0.20% | 0.30% | 0.30% | 0.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TARBX is 92, placing it in the top 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund (TARBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Touchstone Ares Credit Opportunities Fund granted a 8.15% dividend yield in the last twelve months. The annual payout for that period amounted to $0.77 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.74 | $0.56 | $0.66 | $0.65 | $0.35 | $0.21 | $0.44 | $0.29 | $0.18 | $0.02 |
Dividend yield | 8.15% | 7.94% | 6.32% | 6.40% | 6.49% | 3.45% | 2.27% | 4.45% | 2.85% | 1.84% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Ares Credit Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.07 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.00 | $0.51 | |||
| 2023 | $0.07 | $0.05 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.07 | $0.10 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.56 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.41 | $0.66 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.30 | $0.65 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.35 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2014 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Touchstone Ares Credit Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Touchstone Ares Credit Opportunities Fund was 21.48%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.48% | Feb 24, 2020 | 21 | Mar 23, 2020 | 171 | Nov 23, 2020 | 192 |
| -11.52% | Nov 10, 2021 | 162 | Jul 5, 2022 | 354 | Nov 29, 2023 | 516 |
| -4.06% | Jun 27, 2017 | 377 | Dec 24, 2018 | 57 | Mar 19, 2019 | 434 |
| -3.87% | Mar 5, 2014 | 157 | Oct 15, 2014 | 105 | Mar 18, 2015 | 262 |
| -1.94% | Dec 21, 2016 | 52 | Mar 8, 2017 | 43 | May 9, 2017 | 95 |
Volatility
Volatility Chart
The current Touchstone Ares Credit Opportunities Fund volatility is 0.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.