Touchstone Active Bond Fund Class Y is an open-ended mutual fund that aims to deliver a high level of current income while prioritizing the preservation of capital. This fund primarily invests in a diversified portfolio of investment-grade bonds, including mortgage-backed securities, asset-backed securities, U.S. government debt, and corporate bonds. It typically maintains an average effective maturity between 5 and 15 years, balancing income potential with interest rate risk. The fund is categorized as Intermediate Core-Plus Bond, which means it mainly holds investment-grade fixed income securities but retains the flexibility to allocate a portion of assets—up to 20%—to sectors such as high-yield, bank loans, emerging market debt, or foreign-currency debt for enhanced return prospects. Managed by Touchstone Advisors and Fort Washington Investment Advisors, the fund benchmarks its performance against the Bloomberg U.S. Aggregate Bond Index. With over 300 individual holdings, monthly income distributions, and a focus on risk-adjusted returns, Touchstone Active Bond Fund Class Y serves as a core fixed income solution within diversified portfolios seeking consistent income and capital stability in the U.S. bond market.
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