Touchstone Active Bond Fund (TOBAX)
Under normal circumstances, the fund invests at least 80% of its assets in bonds. Bonds include mortgage-related securities, asset-backed securities, government securities, and corporate debt securities. The fund may also invest up to 20% of its total assets in foreign-issued debt securities denominated in either the U.S. dollar or a foreign currency.
Fund Info
| ISIN | US89154W5022 |
|---|---|
| CUSIP | 89154W502 |
| Issuer | Touchstone |
| Inception Date | Oct 3, 1994 |
| Category | Intermediate Core-Plus Bond |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
TOBAX features an expense ratio of 0.83%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: TOBAX vs. FBNDX, TOBAX vs. QQQ, TOBAX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Touchstone Active Bond 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 Active Bond Fund had a return of 5.96% year-to-date (YTD) and 11.48% in the last 12 months. Over the past 10 years, Touchstone Active Bond Fund had an annualized return of 2.09%, while the S&P 500 had an annualized return of 10.88%, indicating that Touchstone Active Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.96% | 18.13% |
| 1 month | 2.09% | 1.45% |
| 6 months | 6.93% | 8.81% |
| 1 year | 11.48% | 26.52% |
| 5 years (annualized) | 1.16% | 13.43% |
| 10 years (annualized) | 2.09% | 10.88% |
Monthly Returns
The table below presents the monthly returns of TOBAX, 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 | 0.20% | -1.31% | 0.95% | -2.37% | 1.64% | 1.19% | 1.93% | 1.79% | 5.96% | ||||
| 2023 | 3.68% | -2.49% | 2.13% | 0.50% | -1.19% | -0.24% | 0.30% | -0.45% | -2.43% | -1.70% | 4.54% | 3.89% | 6.38% |
| 2022 | -2.30% | -1.62% | -2.38% | -4.10% | 0.12% | -2.33% | 2.57% | -2.41% | -5.10% | -1.37% | 4.07% | 0.01% | -14.19% |
| 2021 | -0.62% | -1.61% | -0.88% | 0.88% | 0.42% | 0.86% | 0.84% | -0.13% | -0.94% | -0.06% | 0.02% | -0.09% | -1.34% |
| 2020 | 1.80% | 1.00% | -5.00% | 3.53% | 2.31% | 1.71% | 2.40% | -0.06% | -0.25% | -0.26% | 1.92% | 0.67% | 9.93% |
| 2019 | 1.73% | 0.30% | 1.83% | 0.35% | 1.52% | 1.67% | 0.21% | 2.27% | -0.61% | 0.54% | -0.11% | 0.04% | 10.11% |
| 2018 | -1.07% | -1.08% | 0.43% | -0.89% | 0.44% | -0.14% | 0.34% | 0.44% | -0.47% | -1.25% | 0.15% | 1.17% | -1.93% |
| 2017 | 0.47% | 0.76% | -0.13% | 0.88% | 0.66% | -0.28% | 0.56% | 0.66% | -0.25% | -0.02% | -0.33% | 0.48% | 3.51% |
| 2016 | 0.15% | 0.79% | 2.22% | 0.89% | 0.03% | 1.57% | 1.09% | 0.29% | 0.07% | -0.56% | -2.19% | 0.72% | 5.12% |
| 2015 | 1.43% | -0.11% | 0.39% | 0.03% | -0.15% | -1.10% | 0.34% | -0.89% | -0.35% | 0.92% | -0.34% | -0.95% | -0.80% |
| 2014 | 1.22% | 0.83% | 0.08% | 0.74% | 0.82% | 0.20% | -0.17% | 0.90% | -1.10% | 0.83% | 0.14% | -0.29% | 4.25% |
| 2013 | -0.56% | 0.35% | 0.05% | 0.96% | -1.23% | -1.91% | 0.71% | -0.49% | 0.71% | 1.05% | 0.04% | -0.26% | -0.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TOBAX is 45, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Touchstone Active Bond Fund (TOBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Touchstone Active Bond Fund granted a 3.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.29 | $0.25 | $0.29 | $0.28 | $0.28 | $0.24 | $0.27 | $0.30 | $0.31 | $0.36 |
Dividend yield | 3.63% | 3.63% | 3.11% | 2.24% | 2.58% | 2.59% | 2.79% | 2.29% | 2.65% | 2.99% | 2.93% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Active Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.23 | |||
| 2023 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.05 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.29 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.28 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.28 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.03 | $0.02 | $0.24 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.01 | $0.02 | $0.04 | $0.04 | $0.30 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.04 | $0.03 | $0.02 | $0.31 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.04 | $0.03 | $0.03 | $0.36 |
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 Active 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 Active Bond Fund was 19.73%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Touchstone Active Bond Fund drawdown is 4.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.73% | Aug 5, 2021 | 306 | Oct 20, 2022 | — | — | — |
| -10.44% | Jan 24, 2008 | 211 | Nov 21, 2008 | 141 | Jun 17, 2009 | 352 |
| -9.93% | Mar 9, 2020 | 9 | Mar 19, 2020 | 55 | Jun 8, 2020 | 64 |
| -4.56% | Jun 16, 2003 | 42 | Aug 14, 2003 | 106 | Jan 15, 2004 | 148 |
| -4.34% | Feb 1, 1996 | 95 | Jun 12, 1996 | 99 | Oct 29, 1996 | 194 |
Volatility
Volatility Chart
The current Touchstone Active Bond Fund volatility is 1.07%, 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.