- CUSIP
- 89155T615
- Issuer
- Touchstone
- Inception Date
- Aug 31, 2015
- Category
- High Yield Bonds
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TMAYX Performance Chart
Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) is up 1.7% since the beginning of the year. TMAYX is currently trading at $9 per share. Investors who bought $1,000 worth of TMAYX shares 5 years ago would now be looking at an investment worth $1,255.
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Returns By Period
Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) has returned 1.65% so far this year and 5.29% over the past 12 months. Over the last ten years, TMAYX has returned 4.55% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Touchstone Ares Credit Opportunities Fund Class Y
- 1D
- 0.00%
- 1M
- 0.59%
- YTD
- 1.65%
- 6M
- 2.15%
- 1Y
- 5.29%
- 3Y*
- 7.96%
- 5Y*
- 4.65%
- 10Y*
- 4.55%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TMAYX Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2013, TMAYX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, an investment would double in approximately 17.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2020 with a return of +5.5%, while the worst month was Mar 2020 at -15.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TMAYX closed higher 42% of trading days. The best single day was Apr 9, 2020 with a return of +3.2%, while the worst single day was Mar 9, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.02% | 0.05% | -1.20% | 1.31% | 0.37% | 0.11% | 1.65% | ||||||
| 2025 | 0.76% | 0.57% | -1.48% | -0.26% | 2.02% | 1.88% | 0.74% | 0.50% | 0.77% | 0.21% | 0.14% | 0.17% | 6.15% |
| 2024 | 0.13% | 0.48% | 1.05% | -0.96% | 1.30% | 1.07% | 1.53% | 1.45% | 1.41% | -0.61% | 1.21% | -0.04% | 8.27% |
| 2023 | 3.49% | -0.81% | 0.14% | 0.95% | -0.60% | 1.98% | 1.72% | 0.79% | -0.96% | -1.91% | 4.34% | 3.61% | 13.25% |
| 2022 | -1.56% | -1.09% | -0.06% | -2.68% | -0.86% | -5.78% | 5.14% | -0.43% | -3.73% | 1.69% | 1.31% | -0.43% | -8.54% |
| 2021 | 1.10% | 1.09% | 0.71% | 1.18% | 0.58% | 1.19% | -0.19% | 0.48% | 2.55% | -0.38% | -0.85% | 1.67% | 9.47% |
Benchmark Metrics
Touchstone Ares Credit Opportunities Fund Class Y has an annualized alpha of 2.35%, beta of 0.13, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since October 03, 2013.
- This fund participated in 26.35% of S&P 500 Index downside but only 23.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.23 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.23 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.35%
- Beta
- 0.13
- R²
- 0.23
- Upside Capture
- 23.65%
- Downside Capture
- 26.35%
Expense Ratio
TMAYX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TMAYX ranks 60 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Touchstone Ares Credit Opportunities Fund Class Y (TMAYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TMAYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.78 | -0.16 |
| Martin ratioReturn relative to average drawdown | 10.95 | 12.44 | -1.49 |
Dividends
Dividend History
Touchstone Ares Credit Opportunities Fund Class Y provided a 7.72% dividend yield over the last twelve months, with an annual payout of $0.70 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.70 | $0.66 | $0.72 | $0.73 | $0.55 | $0.65 | $0.64 | $0.39 | $0.21 | $0.44 | $0.29 | $0.18 |
Dividend yield | 7.72% | 7.25% | 7.82% | 7.91% | 6.25% | 6.37% | 6.43% | 3.81% | 2.18% | 4.47% | 2.86% | 1.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Ares Credit Opportunities Fund Class Y. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.09 | $0.05 | $0.08 | $0.66 |
| 2024 | $0.07 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.07 | $0.06 | $0.04 | $0.07 | $0.05 | $0.06 | $0.72 |
| 2023 | $0.07 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.07 | $0.09 | $0.73 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.40 | $0.65 |
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 Ares Credit Opportunities Fund Class Y. 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 Class Y was 21.44%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current Touchstone Ares Credit Opportunities Fund Class Y drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -21.44%Mar 2020 | 28d | 8mo 5d | 9mo 3dFeb 2020 - Nov 2020 |
Bear market2022 | -13.66%Jun 2022 | 6mo 22d | 1y 5mo | 2y 9dDec 2021 - Dec 2023 |
2025 selloff2025 | -4.36%Apr 2025 | 1mo 11d | 1mo 20d | 3mo 1dFeb 2025 - May 2025 |
Rate-hike selloffLate 2018 | -4.17%Dec 2018 | 1y 6mo | 3mo 4d | 1y 9moJun 2017 - Mar 2019 |
2014 pullback2014 | -3.87%Oct 2014 | 7mo 13d | 5mo 4d | 1y 12dMar 2014 - Mar 2015 |
Drawdown Indicators
| TMAYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.44% | -56.78% | +35.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.10% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.36% | -18.90% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -13.66% | -25.43% | +11.77% |
Max Drawdown (10Y)Largest decline over 10 years | -21.44% | -33.92% | +12.48% |
Current DrawdownCurrent decline from peak | -0.11% | -1.80% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -10.71% | +8.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 2.03% | -1.55% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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