Touchstone Ultra Short Income ETF (TUSI)
Touchstone Ultra Short Income ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Cincinnati, OH, US. The stock last traded at $25.32, up 0.08% on the session, giving a market capitalisation of $497.7M. Its beta of 0.04 implies it has historically moved less than the broad market.
TUSI seeks maximum total returns by investing in a diversified portfolio of US fixed income securities, which may include US treasurys, government securities, corporate bonds, cash equivalents, and with an emphasis on structured products (i.e., MBS, commercial MBS, ABS, and CLOs). The portfolio mainly consists of investment grade securities, but may allocate up to 15% of the portfolio in high-yield securities. The fund may invest in debt of any maturity but seeks to maintain an effective fund duration of one year or less. In selecting components for the fund, the portfolio manager will invest in securities believed to be attractively priced relative to the market or to similar instruments. The fund may engage in frequent and active trading of securities.
Touchstone Ultra Short Income ETF is most often compared with the following Financial Services names: