Touchstone Ultra Short Duration Fixed Income Fund Class Y is an open-end mutual fund designed to deliver maximum total return while emphasizing preservation of capital. It primarily invests in investment-grade, fixed-income securities with an effective duration kept well below one year, placing it in the ultrashort bond category and aiming to limit interest rate sensitivity. The strategy blends high-quality short-term corporate and securitized credit with cash-like instruments, distributes income monthly, and maintains a low-volatility profile relative to longer-duration bond funds. Class Y shares feature no front load and a net expense ratio around the lower end for its category, with a modest minimum initial investment. The fund’s portfolio construction emphasizes diversified exposure across asset-backed and mortgage-related securities alongside short-dated corporate issuers, seeking consistent income generation with disciplined risk controls. Within the fixed-income market, it serves as a liquidity-friendly option for investors seeking a step up from cash equivalents while retaining tight duration management and broad diversification across high-credit-quality instruments.
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