THIYX

About THIYX

Touchstone High Yield Fund Institutional Class is an actively managed open‑end mutual fund focused on **below‑investment‑grade U.S. corporate bonds**. Its primary objective is to deliver high current income by investing across the high yield spectrum, balancing credit-driven opportunities with rigorous risk controls. The strategy typically emphasizes diversified exposure to **BB and B-rated issuers**, while tactically allocating to **CCC** credits when compensated for default risk, and may use sector and security selection to manage credit cycle dynamics. The fund commonly spans cyclical industries such as **energy, communications, consumer discretionary, and healthcare**, aiming to capture spread premia while mitigating concentration risk through issuer and industry limits. Duration and yield curve positioning are managed to reduce interest-rate sensitivity relative to investment-grade peers, keeping performance primarily tied to **credit spreads**. Within the fixed income market, Touchstone High Yield Fund Institutional Class serves as a **core high yield allocation** for investors seeking income and diversification from equities and higher‑quality bonds, with a mandate that adapts to changing liquidity, default, and recovery conditions in the speculative‑grade market.