The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TSYYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TSYYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TSYYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This is unlike most ultra short offerings.
Saraja Samant
Analyst
Summary
Touchstone Ultra Short Duration’s strengths are offset by potential risks and limited analytical resources in securitized debt, which is the fund’s primary focus.