Filings Digest
11 Strive funds will move to NYSE Arca on Dec. 15
Touchstone Strategic Income ETF
The ETF.net SIO Grade
C
Score 48 out of 100
- 19 of 29
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D39 out of 100Rank 16 of 29Mission
Whether the fund did what it promised, tested against its stated mandate.A70 out of 100Rank 18 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B60 out of 100Rank 10 of 29Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 28 of 29Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C47 out of 100Rank 19 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 20 of 29
Our read on SIO
In short
CA go-anywhere income fund that leans into structured credit (mortgage, asset-backed and CLO paper) instead of guessing on rates, with at least half the book kept in investment-grade debt. Income lands monthly.
Stated mandate
The Fund seeks a high level of current income while emphasizing capital preservation. It invests primarily in income-producing fixed-income securities through an actively managed, yield-oriented strategy.
Why people hold it
Worth knowing
SIO Holdings
- Bonds
- 242
- 31%
- United States Treasury Note/Bond
Geography
- United States90.04%
- Canada2.53%
- United Kingdom2.39%
- Cayman Islands1.05%
- Luxembourg0.65%
- Argentina0.62%
- Norway0.62%
- Ireland0.43%
- 1.68%
SIO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
SIO$10,110
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SIO |
|---|---|
| Year to date | +0.3% |
| 1 month | +1.9% |
| 3 months | 0.0% |
| 1 year | +1.1% |
| 3 years | +7.9% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SIO |
|---|---|---|
| 2026 YTD | +0.3% | |
| 2025 | +9.3% | |
| 2024 | +6.2% | |
| 2023 | +8.1% | |
| 2022 | −0.4% |
SIO in the news
SIO Dividends
- 7.01%
- $1.75
- $0.10 per share
- Monthly
SIO Risk
- 5.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.66
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.84
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SIO Cost
Overpaying vs BNDW, cheapest in Global Aggregate Bond (Unhedged)
$8,919
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SIO 0.50%
$9,979
BNDW 0.05% Cheapest
$1,060
Cost over time
Year by year
| Year | SIO | BNDW | Overpaying |
|---|---|---|---|
| 10 | $900 | $92 | $808 |
| 20 | $3,460 | $360 | $3,100 |
| 30 | $9,979 | $1,060 | $8,919 |
You pay 0.50%Waived by Touchstone 0.32%
Full fee 0.82% waiver 0.32% you pay 0.50%
Other funds in Global Aggregate Bond (Unhedged)
- BBONDPIMCO Active Bond Exchange-Traded FundExpense ratio 0.51%1 year return −0.1%
- BNFLTVirtus Newfleet Multi-Sector Bond ETFExpense ratio 0.50%1 year return +1.5%
- CSCMCSterling Capital Multi-Strategy Income ETFExpense ratio 0.55%1 year return
- CFTBDFidelity Tactical Bond ETFExpense ratio 0.55%1 year return −0.2%
- CJFLXJPMorgan Flexible Debt ETFExpense ratio 0.64%1 year return +2.1%
