As part of Touchstone’s ongoing management of the strategy, the cash allocation will be reduced from 10% to 2%. The strategy will add an allocation to the Touchstone Ultra Short Income ETF (TUSI), which will serve as a short-term fixed income position within the portfolio.
What is changing?
- Cash allocation: Reduced from 10% to 2%
- New allocation: Touchstone Ultra Short Income ETF (TUSI)
- Role within the strategy: Short-term fixed income exposure
This adjustment is designed to maintain an appropriate level of liquidity within the Touchstone Retirement Income Strategy while putting a greater portion of the portfolio to work in short-term fixed income. TUSI provides diversified exposure to short-duration fixed income securities and is intended to complement the strategy’s broader income-oriented objectives.
No action is required from financial professionals or clients as a result of this change. We are providing this update so you are aware of the revised positioning and are prepared to discuss the change with your clients.
Please call Touchstone with any questions on their Income Strategy, 800-638-8194.
TC9085345(0826)1