Touchstone High Yield Fund (THYAX)
The fund normally invests at least 80% of its net assets (including borrowings for investment purposes) in non-investment-grade debt securities. It generally invests in non-investment-grade debt securities of domestic corporations. Non-investment-grade debt securities are higher risk, lower quality securities, often referred to as "junk bonds," and are considered speculative.
Fund Info
| ISIN | US89154W8091 |
|---|---|
| CUSIP | 89154W809 |
| Issuer | Touchstone |
| Inception Date | May 1, 2000 |
| Category | High Yield Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
THYAX has a high expense ratio of 1.21%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Touchstone High Yield 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 High Yield Fund had a return of 5.90% year-to-date (YTD) and 11.65% in the last 12 months. Over the past 10 years, Touchstone High Yield Fund had an annualized return of 3.36%, while the S&P 500 had an annualized return of 11.33%, indicating that Touchstone High Yield Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.90% | 24.30% |
| 1 month | 0.13% | 4.09% |
| 6 months | 5.11% | 14.29% |
| 1 year | 11.65% | 35.42% |
| 5 years (annualized) | 3.42% | 13.95% |
| 10 years (annualized) | 3.36% | 11.33% |
Monthly Returns
The table below presents the monthly returns of THYAX, 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 | 0.11% | 0.05% | 0.91% | -1.14% | 0.91% | 1.04% | 1.44% | 1.44% | 1.28% | -0.67% | 5.90% | ||
| 2023 | 3.89% | -1.80% | 1.21% | 0.90% | -0.63% | 1.36% | 1.31% | 0.38% | -1.03% | -0.75% | 4.13% | 3.28% | 12.73% |
| 2022 | -2.56% | -0.79% | -0.78% | -4.11% | 0.54% | -7.49% | 6.65% | -2.58% | -4.49% | 3.41% | 2.23% | -0.82% | -11.00% |
| 2021 | 0.04% | 0.16% | 0.16% | 1.02% | 0.28% | 1.39% | 0.41% | 0.65% | 0.20% | -0.49% | -1.25% | 2.07% | 4.69% |
| 2020 | -0.32% | -1.90% | -11.82% | 3.29% | 4.84% | 0.43% | 5.03% | 0.79% | -1.34% | 0.29% | 3.86% | 2.01% | 4.06% |
| 2019 | 4.74% | 1.79% | 1.15% | 1.51% | -1.17% | 2.37% | 0.40% | 0.64% | 0.11% | 0.16% | 0.04% | 1.86% | 14.32% |
| 2018 | 0.35% | -0.97% | -0.62% | 0.36% | -0.01% | 0.23% | 0.97% | 0.60% | 0.33% | -1.69% | -0.46% | -2.24% | -3.16% |
| 2017 | 1.11% | 1.35% | -0.35% | 1.22% | 0.98% | 0.01% | 1.21% | 0.01% | 0.97% | 0.13% | -0.34% | 0.25% | 6.74% |
| 2016 | -1.96% | 0.07% | 3.97% | 3.04% | 0.43% | 0.69% | 2.39% | 1.60% | 0.25% | 0.00% | -0.86% | 1.60% | 11.64% |
| 2015 | 0.67% | 2.71% | -0.62% | 1.45% | 0.32% | -1.65% | -1.08% | -2.05% | -2.98% | 2.84% | -1.92% | -2.66% | -5.06% |
| 2014 | 0.55% | 2.07% | 0.21% | 0.54% | 0.96% | 0.62% | -1.33% | 1.64% | -2.25% | 1.44% | -1.27% | -3.05% | -0.03% |
| 2013 | 1.17% | 0.34% | 1.04% | 1.78% | -0.84% | -2.96% | 1.60% | -1.00% | 0.90% | 2.75% | 0.34% | 0.33% | 5.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of THYAX is 91, placing it in the top 9% 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 High Yield Fund (THYAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Touchstone High Yield Fund provided a 5.88% dividend yield over the last twelve months, with an annual payout of $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.43 | $0.36 | $0.37 | $0.40 | $0.41 | $0.41 | $0.38 | $0.40 | $0.43 | $0.45 | $0.50 |
Dividend yield | 5.88% | 5.79% | 5.11% | 4.46% | 4.80% | 4.94% | 5.32% | 4.59% | 4.93% | 5.61% | 5.29% | 5.56% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone High Yield 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 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.37 | |
| 2023 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.36 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.04 | $0.03 | $0.04 | $0.03 | $0.37 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.40 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.03 | $0.03 | $0.03 | $0.41 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.40 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2013 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.50 |
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 High Yield 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 High Yield Fund was 31.51%, occurring on Dec 16, 2008. Recovery took 155 trading sessions.
The current Touchstone High Yield Fund drawdown is 0.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.51% | May 24, 2007 | 394 | Dec 16, 2008 | 155 | Jul 30, 2009 | 549 |
| -22.22% | Feb 20, 2020 | 23 | Mar 23, 2020 | 161 | Nov 9, 2020 | 184 |
| -15.3% | Sep 20, 2021 | 260 | Sep 29, 2022 | 312 | Dec 27, 2023 | 572 |
| -14.84% | Sep 3, 2014 | 364 | Feb 11, 2016 | 164 | Oct 5, 2016 | 528 |
| -10.22% | Apr 30, 2002 | 114 | Oct 10, 2002 | 118 | Apr 1, 2003 | 232 |
Volatility
Volatility Chart
The current Touchstone High Yield Fund volatility is 0.71%, 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.