TBAYX — Touchstone Dynamic Diversified Income Fund
Data updated: 2021-05-27
TBAYX — Touchstone Dynamic Diversified Income Fund. Money Market · $56.33M AUM · 0.76% expense ratio. Holdings, fees, performance and SEC filings.
TBAYX Fund Overview
TBAYX — Touchstone Dynamic Diversified Income Fund is a US mutual fund managed by Touchstone Strategic Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Touchstone Strategic Trust
- Category: Money Market
- Assets under management: $56.33M
- 1-year return: 27.4%
- Ticker: TBAYX
- SEC CIK: 0000711080
- SEC series ID: S000035687
- Share class ID: C000109273
TBAYX Investment Objective and Strategy
Touchstone Dynamic Diversified Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Touchstone Strategic Trust.
Investment objective
The Touchstone Dynamic Diversified Income Fund (the Fund) seeks to provide investors with current income.
Principal investment strategy
The Fund is a fund-of-funds, which seeks to achieve its investment goal by investing primarily in a diversified portfolio of fixed-income and equity-income oriented underlying funds (although a portion of its assets may be invested in cash, cash equivalents, or in money market funds). The majority of the underlying funds in which the Fund invests will be affiliated funds; however, the Fund will have the ability to invest in unaffiliated underlying funds, including exchange-traded funds (ETFs) and exchange-traded notes (ETNs), to the extent that the desired asset class exposure is not available through Touchstone Funds. The following table details, under normal circumstances, how the Fund generally expects to allocate its assets among equity, fixed-income, and alternative funds, as of the date of this prospectus.
Allocations Approximate Allocation Range Approximate Strategic Allocation Equity Fund Allocation 25-55% 40% Fixed-Income Fund Allocation 25-55% 40% Alternative Fund Allocation 0-30% 20% The Fund may invest up to 45% of its assets in any individual underlying fund. Though not expected to be a substantial part of the overall strategy of the Fund, the Fund, through its investment in underlying funds, will gain exposure to additional strategies and instruments of the underlying funds, including: collateralized loan obligations, derivatives (such as futures contracts, options, and swaps), and real estate investments. Several of the underlying funds in which the Fund invests may invest without limit in securities of issuers outside of the United States. As a result, the Fund will have exposure to foreign markets (including emerging markets).
The Fund, through its investment in underlying funds, may also be exposed to equity securities of companies of all market capitalizations, including small-, mid-, and large-cap companies. The Funds sub-advisor, Wilshire Associates Incorporated (Wilshire or Sub-Advisor), seeks to develop an optimal model allocation among underlying funds that seeks to maximize income efficiency, or yield achieved per unit of risk. The Fund primarily invests in fixed-income and equity-income oriented funds, ETFs, and ETNs and is dynamically managed as yield and volatility environments change. Wilshire and the Funds Advisor routinely agree on the universe of underlying funds that Wilshire may consider when making allocation decisions. Wilshire, subject to approval by the Funds Advisor, may change the Funds target allocation to each asset class, the underlying funds or other securities in each asset class (including the addition or removal of funds from the universe of underlying funds), or target allocations to each underlying fund without prior approval from or notice to shareholders.
For information on the underlying funds, please see the section entitled Additional Information Regarding the Underlying Funds under Principal Investment Strategies and Risks in the Funds prospectus.
TBAYX Performance
Total returns for TBAYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 27.4% |
TBAYX Risk Information
Risk metrics for TBAYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.1%
TBAYX Costs and Fees
TBAYX costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 1.34%
- Portfolio turnover: 32%
- Brokerage commissions: 1.69 bps of average net assets (SEC N-CEN)
TBAYX Cashflows
Over the 12 months to 2021-03, Touchstone Dynamic Diversified Income Fund had net outflows of $8.66M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-03 | −$482.60K |
| 2021-02 | −$440.12K |
| 2021-01 | −$760.72K |
| 2020-12 | −$60.24K |
| 2020-11 | −$825.14K |
| 2020-10 | −$850.56K |
TBAYX Debt Constituents
No individual debt constituents are reported in Touchstone Dynamic Diversified Income Fund's latest SEC N-PORT filing.
TBAYX Prospectus and SEC Filings
Official Touchstone Dynamic Diversified Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-04-28
- Prospectus (485BPOS) — filed 2020-05-15
- Prospectus (485BPOS) — filed 2019-05-14
- Portfolio holdings (N-PORT) — filed 2021-05-27
- Portfolio holdings (N-PORT) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2020-11-25
- Annual census (N-CEN) — filed 2021-03-12
- Annual census (N-CEN) — filed 2020-03-09
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.