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Touchstone Impact Bond Fund (TCPYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Touchstone Impact Bond Fund (TCPYX)

Mutual Fund · Currency in USD · Last updated May 31, 2025

The fund invests, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in fixed-income securities. Fixed-income securities primarily consist of U.S. government obligations, corporate debt obligations (including non-investment-grade corporate debt obligations), mortgage-backed securities, asset-backed securities and taxable and tax-exempt municipal securities.

Fund Info

ISIN

US89155T4094

CUSIP

89155T409

Issuer

Touchstone

Inception Date

Nov 15, 1991

Category

Intermediate Core Bond

Min. Investment

$2,500

Asset Class

Bond

Expense Ratio

TCPYX has an expense ratio of 0.51%, placing it in the medium range.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Touchstone Impact Bond Fund

Performance

Performance Chart

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S&P 500

Returns By Period

Touchstone Impact Bond Fund (TCPYX) returned 1.93% year-to-date (YTD) and 5.22% over the past 12 months. Over the past 10 years, TCPYX returned 1.44% annually, underperforming the S&P 500 benchmark at 10.85%.

TCPYX

YTD

1.93%

1M

-1.21%

6M

0.15%

1Y

5.22%

3Y*

1.57%

5Y*

-0.72%

10Y*

1.44%

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of TCPYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.54%2.31%0.00%0.31%-1.21%1.93%
20240.07%-1.27%0.86%-2.39%1.56%1.33%1.87%1.62%1.26%-2.48%1.20%-1.75%1.75%
20232.83%-2.17%2.17%0.46%-1.06%-0.52%-0.18%-0.28%-2.45%-1.34%3.93%4.09%5.32%
2022-1.93%-1.22%-3.01%-3.49%-0.04%-0.87%1.91%-2.54%-3.91%-1.68%3.18%-0.07%-13.07%
2021-0.54%-1.54%-0.89%1.04%0.51%0.90%1.25%-0.30%-1.28%-0.07%0.38%-0.45%-1.02%
20202.48%1.96%-2.97%2.08%0.46%0.91%1.67%-0.76%0.24%-0.58%0.86%0.29%6.71%
20190.74%0.02%1.87%0.04%2.04%0.99%0.30%2.73%-0.73%0.25%-0.11%-0.43%7.93%
2018-0.96%-0.78%0.54%-0.57%0.66%-0.08%-0.18%0.75%-0.68%-0.67%0.48%1.69%0.16%
20170.35%0.63%0.04%0.72%0.93%-0.07%0.44%1.01%-0.58%0.13%-0.05%0.33%3.93%
20161.35%0.82%0.74%0.44%0.34%1.84%0.51%-0.06%-0.17%-0.63%-2.26%-0.04%2.86%
20152.20%-1.12%0.42%-0.25%-0.23%-1.03%0.53%-0.15%0.51%0.05%-0.35%-0.74%-0.20%
20141.67%0.65%0.07%0.95%1.05%0.17%-0.03%1.05%-0.72%0.96%0.64%0.04%6.67%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TCPYX is 60, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of TCPYX is 6060
Overall Rank
The Sharpe Ratio Rank of TCPYX is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of TCPYX is 7474
Sortino Ratio Rank
The Omega Ratio Rank of TCPYX is 6464
Omega Ratio Rank
The Calmar Ratio Rank of TCPYX is 4141
Calmar Ratio Rank
The Martin Ratio Rank of TCPYX is 5252
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Touchstone Impact Bond Fund (TCPYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Touchstone Impact Bond Fund Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: 0.94
  • 5-Year: -0.12
  • 10-Year: 0.30
  • All Time: 0.59

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Touchstone Impact Bond Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Touchstone Impact Bond Fund provided a 3.44% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.

2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.31$0.33$0.29$0.23$0.20$0.23$0.27$0.28$0.28$0.30$0.29$0.32

Dividend yield

3.44%3.66%3.22%2.63%1.90%2.13%2.65%2.86%2.77%2.99%2.91%3.09%

Monthly Dividends

The table displays the monthly dividend distributions for Touchstone Impact Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.11
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.03$0.03$0.03$0.29
2022$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.04$0.02$0.23
2021$0.01$0.02$0.02$0.01$0.01$0.02$0.01$0.02$0.01$0.01$0.04$0.02$0.20
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.23
2019$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.27
2018$0.02$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.03$0.03$0.02$0.28
2017$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.02$0.28
2016$0.03$0.02$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.03$0.03$0.03$0.30
2015$0.03$0.02$0.02$0.02$0.03$0.02$0.02$0.03$0.02$0.03$0.02$0.03$0.29
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.32

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Touchstone Impact Bond 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 Impact Bond Fund was 18.13%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Touchstone Impact Bond Fund drawdown is 6.93%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.13%Aug 5, 2021308Oct 24, 2022———
-7.38%Mar 10, 20209Mar 20, 202091Jul 30, 2020100
-5.23%May 3, 201387Sep 5, 2013173May 14, 2014260
-4.12%Jul 11, 2016113Dec 16, 2016162Aug 10, 2017275
-3.3%Nov 5, 201028Dec 15, 201082Apr 13, 2011110
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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