Touchstone Strategic Income Fund Class Y is a mutual fund that primarily focuses on generating a high level of current income while emphasizing capital preservation. The fund takes a multisector bond approach, investing at least 80% of its assets under normal conditions in a diversified mix of fixed-income securities, including U.S. government obligations, corporate bonds, high-yield debt, and foreign bonds. Its portfolio allocation is characterized by substantial exposure to U.S. Treasury securities, comprising a significant portion of its top holdings, alongside selected securitized and corporate instruments. The fund regularly distributes income to shareholders through monthly dividends, aiming to provide steady cash flow. With an expense ratio of 0.75%, Touchstone Strategic Income Fund Class Y appeals to investors seeking moderate risk and diversification beyond single-sector bond funds. Its strategy seeks to preserve capital while capturing income opportunities across various fixed-income sectors, making it a notable choice within the multisector bond mutual fund category for those focused on income generation and downside risk management.
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