Touchstone Strategic Income Opportunities Fund (TQPAX)
The fund primarily invests in income producing fixed income securities, including corporate debt, government securities, and preferred stocks. It may allocate up to 20% of its assets in emerging markets debt securities.
Fund Info
| Issuer | Touchstone |
|---|---|
| Inception Date | Oct 31, 1993 |
| Category | Multisector Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
TQPAX has a high expense ratio of 1.00%, 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 Strategic Income Opportunities 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 Strategic Income Opportunities Fund had a return of 9.20% year-to-date (YTD) and 15.46% in the last 12 months. Over the past 10 years, Touchstone Strategic Income Opportunities Fund had an annualized return of 3.12%, while the S&P 500 had an annualized return of 10.85%, indicating that Touchstone Strategic Income Opportunities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.20% | 17.79% |
| 1 month | 1.61% | 0.18% |
| 6 months | 7.07% | 7.53% |
| 1 year | 15.46% | 26.42% |
| 5 years (annualized) | 3.20% | 13.48% |
| 10 years (annualized) | 3.12% | 10.85% |
Monthly Returns
The table below presents the monthly returns of TQPAX, 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 | 0.65% | 0.03% | 1.92% | -2.18% | 2.00% | 1.03% | 2.29% | 1.94% | 9.20% | ||||
| 2023 | 3.92% | -2.30% | 0.67% | 0.67% | -1.25% | 0.71% | 1.11% | -0.27% | -1.67% | -1.36% | 4.20% | 3.92% | 8.35% |
| 2022 | -1.45% | -1.92% | -1.26% | -3.43% | -0.00% | -4.14% | 3.00% | -1.62% | -4.97% | 0.38% | 5.28% | 0.26% | -9.84% |
| 2021 | -0.37% | -0.68% | -0.40% | 1.10% | 0.26% | 0.57% | 0.00% | 0.00% | -0.32% | -0.40% | -0.95% | 0.79% | -0.44% |
| 2020 | 0.89% | -0.06% | -7.12% | 3.13% | 2.77% | 1.80% | 2.66% | 0.58% | -0.87% | 0.00% | 2.93% | 1.34% | 7.89% |
| 2019 | 2.88% | 1.23% | 1.25% | 0.94% | 0.03% | 1.84% | 0.62% | 1.21% | -0.32% | 0.00% | 0.27% | 1.01% | 11.48% |
| 2018 | -0.09% | -1.28% | -0.35% | -0.62% | -0.30% | -0.30% | 0.94% | -0.24% | 0.67% | -1.75% | -0.59% | -0.23% | -4.08% |
| 2017 | 0.84% | 1.39% | -0.06% | 0.88% | 0.91% | -0.00% | 0.87% | 0.58% | 0.26% | 0.55% | -0.37% | 0.49% | 6.53% |
| 2016 | -0.62% | 0.32% | 3.16% | 1.86% | 0.33% | 1.23% | 1.79% | 1.17% | 0.26% | -0.58% | -2.11% | 0.84% | 7.82% |
| 2015 | 1.19% | 0.86% | 0.03% | 0.60% | -0.23% | -1.41% | -0.26% | -1.15% | -1.19% | 1.55% | -0.90% | -1.78% | -2.71% |
| 2014 | 0.35% | 1.73% | 0.60% | 0.88% | 1.47% | 0.61% | -0.78% | 1.18% | -1.92% | 0.60% | -0.26% | -1.11% | 3.33% |
| 2013 | 0.03% | 0.28% | 0.31% | 1.98% | -2.16% | -3.33% | 0.93% | -1.13% | 1.50% | 1.80% | -0.26% | 0.53% | 0.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of TQPAX is 84, placing it in the top 16% 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 Strategic Income Opportunities Fund (TQPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Touchstone Strategic Income Opportunities Fund granted a 4.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.15 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.15 | $0.15 | $0.12 | $0.07 | $0.12 | $0.13 | $0.15 | $0.11 | $0.12 | $0.14 | $0.14 | $0.15 |
Dividend yield | 4.46% | 4.94% | 4.05% | 2.16% | 3.42% | 3.79% | 4.73% | 3.06% | 3.55% | 4.35% | 3.94% | 4.32% |
Monthly Dividends
The table displays the monthly dividend distributions for Touchstone Strategic Income Opportunities 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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.09 | |||
| 2023 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.15 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.12 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.12 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.15 |
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 Strategic Income Opportunities 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 Strategic Income Opportunities Fund was 22.16%, occurring on Nov 21, 2008. Recovery took 198 trading sessions.
The current Touchstone Strategic Income Opportunities Fund drawdown is 0.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.16% | May 22, 2008 | 129 | Nov 21, 2008 | 198 | Sep 8, 2009 | 327 |
| -17.44% | Apr 21, 1998 | 102 | Sep 14, 1998 | 1162 | Apr 30, 2003 | 1264 |
| -16.8% | Jul 9, 2021 | 284 | Oct 20, 2022 | 411 | Jun 13, 2024 | 695 |
| -12.46% | Mar 5, 2020 | 13 | Mar 23, 2020 | 82 | Jul 20, 2020 | 95 |
| -7.58% | Apr 28, 2015 | 201 | Feb 11, 2016 | 82 | Jun 9, 2016 | 283 |
Volatility
Volatility Chart
The current Touchstone Strategic Income Opportunities Fund volatility is 1.16%, 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.