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CUSIP
89155T615
Inception Date
Aug 31, 2015
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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.02%0.05%-1.20%1.31%0.37%0.11%1.65%
20250.76%0.57%-1.48%-0.26%2.02%1.88%0.74%0.50%0.77%0.21%0.14%0.17%6.15%
20240.13%0.48%1.05%-0.96%1.30%1.07%1.53%1.45%1.41%-0.61%1.21%-0.04%8.27%
20233.49%-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%
20211.10%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
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.


TMAYX Risk / Return Rank: 6060
Overall Rank
TMAYX Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
TMAYX Sortino Ratio Rank: 7171
Sortino Ratio Rank
TMAYX Omega Ratio Rank: 6262
Omega Ratio Rank
TMAYX Calmar Ratio Rank: 5151
Calmar Ratio Rank
TMAYX Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.


TMAYXBenchmarkDifference
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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%$0.00$0.20$0.40$0.60$0.8020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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
28d8mo 5d
9mo 3dFeb 2020 - Nov 2020
Bear market2022
-13.66%Jun 2022
6mo 22d1y 5mo
2y 9dDec 2021 - Dec 2023
2025 selloff2025
-4.36%Apr 2025
1mo 11d1mo 20d
3mo 1dFeb 2025 - May 2025
Rate-hike selloffLate 2018
-4.17%Dec 2018
1y 6mo3mo 4d
1y 9moJun 2017 - Mar 2019
2014 pullback2014
-3.87%Oct 2014
7mo 13d5mo 4d
1y 12dMar 2014 - Mar 2015

Drawdown Indicators


TMAYXBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.11%

-1.80%

+1.69%

Average Drawdown

Average peak-to-trough decline

-2.10%

-10.71%

+8.61%

Ulcer Index

Depth 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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Portfolio Analyzer

Build a portfolio with TMAYX

Add Touchstone Ares Credit Opportunities Fund Class Y to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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