Touchstone Core Municipal Bond Fund (TOHAX)
The investment seeks a high level of current income exempt from federal income taxes, consistent with the protection of capital. Under normal circumstances, the fund seeks to achieve its investment goal by investing its assets primarily in high-quality, municipal debt, including general obligation bonds, revenue bonds, and pre-refunded municipal bonds. This includes but is not limited to municipal bonds that are issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax.
Fund Info
US89154V6039
89154V603
Mar 31, 1985
$2,500
Expense Ratio
TOHAX has an expense ratio of 0.82%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Touchstone Core Municipal Bond Fund (TOHAX) returned -1.09% year-to-date (YTD) and 2.39% over the past 12 months. Over the past 10 years, TOHAX returned 1.70% annually, underperforming the S&P 500 benchmark at 10.85%.
TOHAX
-1.09%
-0.28%
-2.12%
2.39%
1.37%
0.12%
1.70%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of TOHAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.07% | 0.78% | -1.25% | -0.41% | -0.28% | -1.09% | |||||||
| 2024 | 0.08% | -0.06% | -0.28% | -0.83% | -0.12% | 1.45% | 1.04% | 0.90% | 0.86% | -1.40% | 1.45% | -1.04% | 2.01% |
| 2023 | 2.84% | -2.28% | 1.97% | -0.17% | -0.84% | 0.69% | 0.30% | -1.09% | -2.61% | -1.23% | 5.67% | 2.38% | 5.46% |
| 2022 | -2.45% | -0.61% | -2.95% | -2.88% | 1.82% | -2.04% | 2.68% | -2.38% | -3.83% | -0.80% | 4.61% | -0.09% | -8.91% |
| 2021 | 0.35% | -1.33% | 0.45% | 0.71% | 0.35% | 0.19% | 0.60% | -0.30% | -0.71% | -0.11% | 0.88% | 0.15% | 1.21% |
| 2020 | 1.67% | 1.20% | -2.39% | -1.17% | 2.82% | 0.37% | 1.32% | -0.38% | 0.03% | -0.22% | 1.05% | 0.38% | 4.67% |
| 2019 | 0.99% | 0.39% | 1.20% | 0.22% | 1.53% | 0.40% | 0.75% | 1.52% | -0.65% | -0.04% | 0.05% | 0.27% | 6.81% |
| 2018 | -1.06% | -0.31% | 0.09% | -0.13% | 0.88% | -0.02% | 0.08% | 0.07% | -0.47% | -0.54% | 1.05% | 1.29% | 0.90% |
| 2017 | 0.18% | 0.50% | 0.26% | 0.60% | 1.21% | -0.36% | 0.51% | 0.60% | -0.36% | 0.07% | -0.19% | 0.95% | 4.02% |
| 2016 | 1.10% | -0.10% | 0.42% | 0.50% | 0.25% | 1.42% | -0.01% | 0.07% | -0.51% | -0.76% | -3.07% | 0.92% | 0.18% |
| 2015 | 1.37% | -0.92% | 0.35% | -0.50% | -0.08% | -0.17% | 0.62% | 0.19% | 0.60% | 0.18% | 0.33% | 0.59% | 2.57% |
| 2014 | 2.06% | 0.88% | 0.29% | 1.04% | 1.14% | -0.07% | 0.11% | 1.13% | 0.09% | 0.61% | 0.01% | 0.69% | 8.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TOHAX is 34, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Touchstone Core Municipal Bond Fund (TOHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Touchstone Core Municipal Bond Fund provided a 3.17% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.35 | $0.25 | $0.19 | $0.23 | $0.29 | $0.37 | $0.36 | $0.34 | $0.37 | $0.39 | $0.39 |
Dividend yield | 3.17% | 3.28% | 2.27% | 1.75% | 1.96% | 2.43% | 3.17% | 3.16% | 2.97% | 3.20% | 3.30% | 3.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Core Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.10 | |||||||
| 2024 | $0.05 | $0.02 | $0.00 | $0.05 | $0.03 | $0.02 | $0.05 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2023 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.23 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2019 | $0.05 | $0.02 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.37 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
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 Core Municipal 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 Core Municipal Bond Fund was 13.35%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Touchstone Core Municipal Bond Fund drawdown is 3.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.35% | Aug 6, 2021 | 309 | Oct 25, 2022 | — | — | — |
| -11.66% | Feb 1, 1994 | 204 | Nov 21, 1994 | 94 | Apr 6, 1995 | 298 |
| -10.7% | Jan 24, 2008 | 186 | Oct 16, 2008 | 59 | Jan 12, 2009 | 245 |
| -9.63% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -7.22% | Oct 6, 1998 | 267 | Oct 26, 1999 | 200 | Aug 10, 2000 | 467 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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