Touchstone Securitized Income ETF

Frequently Asked Questions About TSEC

What does TSEC invest in?

Under typical market conditions, the fund dedicates a minimum of 80% of its total assets to securitized fixed-income instruments. This specific 80% allocation, however, represents a non-fundamental investment guideline that the fund's Board of Directors has the authority to change. Any modification to this policy would require 60 days' prior notification to shareholders.

What is the expense ratio of TSEC?

Touchstone Securitized Income ETF (TSEC) charges an expense ratio of 0.69%. This is the annual fee deducted from fund assets to cover management and operations.

What is TSEC's dividend yield?

TSEC's trailing-twelve-month yield is 7.61%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TSEC?

Effective duration measures TSEC's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TSEC's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TSEC?

TSEC's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TSEC?

Yield to maturity (YTM) is the total return you'd earn from TSEC if every bond in the portfolio is held to maturity at the current price. TSEC's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.