Touchstone Controlled Growth with Income Fund

Daily NAV
$
Overall Morningstar RatingTM
Multialternative

Morningstar

Overall Morningstar RatingTM is calculated against 288 funds in the Multialternative category.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35%receive three stars, the next 22.5% receive two stars, and the bottom 10%receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

Class A Shares star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms.

Overview

Overview

Actively Managed and Sub-Advised by Wilshire Associates Incorporated

Objective

The fund seeks to provide investors with growth and income.

Controlled Growth with Income Fund Commentary

Investment Style

  • This "fund of funds" primarily invests in a diversified portfolio of underlying equity, fixed income, and alternative funds. These underlying funds, in turn, invest in a variety of U.S. and foreign securities
  • The fund will allocate a significant portion of its assets to underlying funds utilizing alternative or non-traditional investment strategies
  • The majority of the underlying funds in which the Fund invests will be affiliated funds; however, the fund has the ability to invest in unaffiliated underlying funds
  • The fund's sub-advisor seeks to develop an optimal model allocation among underlying funds in accordance with these principles:
    - Controlled Growth seeks growth through lower volatility and equities as well as alternative strategy exposure
    - Low Volatility seeks lower duration and lower bond correlation
    - Attractive Income seeks higher-yielding debt to produce attractive income
  • Under normal circumstances, the fund expects to allocate its assets among equity and fixed income funds as follows:
    - Equity Fund Allocation: 0-25%;
    - Fixed Income Fund Allocation: 25-50%;
    - Alternative Fund Allocation 50-75%
A WORD ABOUT RISK

The value of an investment in the Fund is based on the performance of the underlying funds in which it invests and the allocation of its assets among those funds. The Fund bears a proportionate amount of the expenses charged by the underlying funds. The Fund’s ability to achieve its investment goal depends upon the sub-advisor’s skill in selecting the best mix of underlying funds. The principal risks of an investment in the Fund include the principal risks of investing in the underlying funds in addition to those of the Fund. The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign securities, foreign depositary receipts and emerging markets securities which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in debt securities which can lose their value as interest rates rise and are subject to credit risk which is the risk of deterioration in the financial condition of an issuer and/or general economic conditions that can cause the issuer to not make timely payments of principal and interest also causing the securities to decline in value and an investor can lose principal. The Fund invests in non-investment grade debt securities which are considered speculative with respect to the issuers’ ability to make timely payments of interest and principal, may lack liquidity and has had more frequent and larger price changes than other debt securities. The Fund invests in derivatives which may expose the Fund to additional risk than directly investing in securities and may lack a liquid market, are subject to counterparty risk and leverage risk which could result in increased volatility of returns as well as losses. Liquidity risk may exist when particular investments are difficult to purchase or sell, which can reduce an underlying fund’s return. Leverage can create an interest expense that may lower the Fund's overall returns. There can be no guarantee that a leveraging strategy will be successful. Current and future portfolio holdings are subject to risk. The advisor engages the sub-advisor to manage the Fund’s portfolio; the sub-advisor’s judgment may impact the Fund’s performance.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2018
Total Fund Net Assets as of 06/30/2018 $66,313,621
Asset Class Multi-Asset / Alternative
Morningstar Category Multialternative
Benchmark ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index
Benchmark 2 Wilshire Liquid Alternative Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 04/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Controlled Growth with Income Fund -
HISTORICAL DAILY NAV
as of 07/31/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Controlled Growth with Income Fund -
Including Sales Charge
Touchstone Controlled Growth with Income Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.16% 0.48% 0.97% 1.43% 0.73% 0.45% 0.35% --
Wilshire Liquid Alternative Index 0.71% 0.20% -0.85% 1.37% 0.90% 1.32% 1.48% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Controlled Growth with Income Fund -
Including Sales Charge
Touchstone Controlled Growth with Income Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 1.36% 0.68% 0.42% 0.35% --
Wilshire Liquid Alternative Index 1.32% 0.75% 1.32% 1.30% --
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A shares of Touchstone Equity Funds is 5.75%.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C shares is adjusted for the contingent deferred sales charges in effect at the end of the specified period. The contingent deferred sales charge for Class C shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class Y shares are sold at NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.
The performance presented for Class Y Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 09/30/04, with the performance since the inception date of each share class.

Consider Touchstone Controlled Growth With Income Fund for Your Portfolio

Touchstone Controlled Growth with Income Fund is a “fund of funds." It primarily invests in a diversified portfolio of underlying equity, fixed income, and alternative funds. It seeks to provide investors with growth and income.
Contact Us Now

Portfolio

as of 06/30/2018
Target Asset Class Mix % of Portfolio
Alternatives 49.0
Opportunistic Fixed Income 30.0
Fixed Income 11.0
U.S. Large Cap Equity 10.0
U.S. Small/Mid Cap Equity 0.0
Non U.S. Equity 0.0
REITS & Commodities 0.0
as of 07/31/2018
Security Description % of Portfolio
TS DYNAMIC EQUITY - INST 25.3
TOUCHSTONE-ARB-I 24.3
TOUCHS-CR OP-I 15.0
TS FLX INC I INST 15.0
TS IMPACT BOND FUND - INST 10.0
TS FOCUSED - INST 5.2
TS VALUE - INST 5.2
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
DREYFUS-GOV C-IN US 656,180 1.00 656,180 0.99
TOUCHS-CR OP-I US 991,257 9.96 9,872,922 14.88
TOUCHSTONE-ARB-I US 1,626,094 9.95 16,179,636 24.39
TS DYNAMIC EQUITY - INST US 1,010,112 16.38 16,545,630 24.94
TS FLX INC I INST US 916,862 10.74 9,847,095 14.84
TS FOCUSED - INST US 75,250 44.45 3,344,842 5.04
TS TOTAL RETURN BOND - INST US 669,471 9.85 6,594,293 9.94
TS VALUE - INST US 332,298 9.93 3,299,718 4.97
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
Target Asset Class Mix: actual weightings will change periodically in response to market conditions and recommendations by Wilshire Associates Incorporated. Target allocations shown are set by Wilshire Associates Incorporated and are not intended as investment advice.

Management

Management

Actively Managed and Sub-Advised by Wilshire Associates Incorporated
Nathan Palmer

Nathan Palmer, CFA

Investment Experience since 1997 

Career Summary 
Wilshire Associates Incorporated
Convergent Wealth Advisors
California Institute of Technology
Intel Corporation 

Education 
MBA - Stern School of Business, New York University
BA - University of Washington
Anthony Wicklund

Anthony Wicklund, CFA, CAIA

Investment Experience since 2001 

Career Summary 
Wilshire Associates Incorporated
Convergent Wealth Advisors
Pacific Seafood 

Education 
MBA - Marshall School of Business, University of Southern California
BS - University of Oregon

Fees 

Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio
Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit certain annual fund operating expenses (excluding Acquired Fund Fees and Expenses “AFFE,” and other expenses, if any) to 0.49% for Class A Shares, 1.24% for Class C Shares and 0.24% for Class Y Shares. These expense limitations will remain in effect until at least 04/29/2019.

Distributions

Capital Gain and Income Distribution as of
Pay Date Income Distribution Short Term Capital Gains Per Share Long Term Capital Gains Per Share Total Capital Gains Per Share

Resources

Consider Touchstone Controlled Growth With Income Fund for Your Portfolio

Touchstone Controlled Growth with Income Fund is a “fund of funds." It primarily invests in a diversified portfolio of underlying equity, fixed income, and alternative funds. It seeks to provide investors with growth and income.
Contact Us Now
Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. To obtain a prospectus or a summary prospectus, contact your financial advisor or download and/or request one at Resources & Tools. Please read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. All investing involves risk.

Touchstone Funds are distributed by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC

Investment products offered are not FDIC insured, may lose value and have no bank guarantee.

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