- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 303 Broadway, Suite 1100, PO Box 5354Cincinnati,OH 45201-5354United States DE United States of America
- IPO Date
- Feb 28, 1994
- Business
- Touchstone Ultra Short Duration Fixed Income Fund (TSDOX) is an open-end mutual fund that seeks current income consistent with capital preservation by investing primarily in a diversified portfolio of short-duration, high-quality fixed income securities, including U.S. and non-U.S. bonds, cash equivalents, and other debt instruments with limited interest-rate sensitivity. The fund allocates approximately 79.52% to U.S. bonds, 11.66% to non-U.S. bonds, and 8.82% to cash, targeting the ultrashort bond category with a net expense ratio of 0.65% and total net assets of around $731 million as of recent data. It offers multiple share classes, including Class Z (TSDOX) with a minimum initial investment of $2,500, and is available for sale in the United States through financial intermediaries such as registered investment advisors, private banks, and broker-dealers.
Touchstone Investments, the fund sponsor and a wholly owned subsidiary of Western & Southern Financial Group, provides the fund with sub-advisory management from experienced portfolio teams, including managers Scott Weston and Brent Miller (since 2008), Laura Mayfield (since 2021), and Richard V. Schneider (since 2023). The firm, founded in 1994 and headquartered in Cincinnati, Ohio, operates a lineup of actively managed mutual funds and ETFs focused on portfolio building blocks across equity, fixed income, and alternative strategies; it distributes these products nationwide through third-party channels. Touchstone emphasizes partnerships with premier institutional asset managers for sub-advisory roles, serving financial professionals and investors seeking differentiated active strategies.
In recent developments, Touchstone Investments completed the acquisition of select retail mutual fund assets from AIG Life & Retirement in July 2021, adding approximately $7.5 billion in assets under management and introducing new funds such as the Touchstone Sands Capital Select Growth Fund (formerly AIG Focused Growth Fund) and Touchstone Strategic Income Opportunities Fund (incorporating AIG Flexible Credit Fund strategies). Positive fund flows continued into the third quarter of 2025, driven by the fund's stable performance relative to peers amid varying interest rate environments, with no major reorganizations or name changes reported in the last 1-2 years. The broader Touchstone platform also earned recognition, including a 2025 LSEG Lipper Fund Award for another of its credit-focused funds, underscoring ongoing strategic enhancements in alternative and income strategies.