Touchstone Securitized Income ETF
The ETF.net TSEC Grade
C
Score 39 out of 100
- 18 of 25
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays C for now. A new letter must hold for 3 published runs before it replaces it.
Cost
The fund’s net expense ratio, ranked against its category.C44 out of 100Rank 13 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.F8 out of 100Rank 21 of 21Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A85 out of 100Rank 2 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 21 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 11 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C47 out of 100Rank 16 of 25
Our read on TSEC
In short
CMost mortgage-bond ETFs are cheap index trackers stuffed with agency paper. TSEC goes the other way: an active book run by Fort Washington that roams the whole securitized market, from home and commercial mortgages to asset-backed deals and CLOs.
Stated mandate
The Fund pursues combined income and capital growth, with a normal-market commitment of at least 80% of assets to securitized fixed-income securities.
Why people hold it
Worth knowing
TSEC Holdings
- Bonds
- 142
- 25%
- US Dollar
Geography
- United States94.24%
- Cayman Islands5.76%
TSEC 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.
TSEC$10,315
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 | TSEC |
|---|---|
| Year to date | +1.7% |
| 1 month | +0.6% |
| 3 months | +0.3% |
| 1 year | +3.2% |
| 3 years | +6.7% |
| 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 | TSEC |
|---|---|---|
| 2026 YTD | +1.7% | |
| 2025 | +7.4% | |
| 2024 | +7.6% | |
| 2023 | +5.0% |
TSEC in the news
TSEC Dividends
- 7.49%
- $1.88
- $0.15 per share
- Monthly
TSEC Risk
- 2.5%
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.
- 0.86
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.
- −1.7%
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.
- 0.08
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.
TSEC Cost
Overpaying vs VMBS, tied cheapest in Mortgage-Backed Securities
$7,452
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TSEC 0.40%
$8,090
VMBS 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | TSEC | VMBS | Overpaying |
|---|---|---|---|
| 10 | $723 | $55 | $668 |
| 20 | $2,793 | $216 | $2,577 |
| 30 | $8,090 | $638 | $7,452 |
You pay 0.40%Waived by Touchstone 0.29%
Full fee 0.69% waiver 0.29% you pay 0.40%
Other funds in Mortgage-Backed Securities
- CIMTGInvesco Agency MBS ETFExpense ratio 0.22%1 year return
- CMTGPWisdomTree Mortgage Plus Bond FundExpense ratio 0.46%1 year return +0.2%
- DCAAAFirst Trust AAA CMBS ETFExpense ratio 0.46%1 year return +1.7%
- DSCIOFirst Trust Structured Credit Income Opportunities ETFExpense ratio 0.86%1 year return +2.7%
- DPMBSPIMCO Mortgage-Backed Securities Active Exchange-Traded FundExpense ratio 0.83%1 year return −0.1%
