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Touchstone Dividend Equity Fund

Daily NAV
$
as of
Overall Morningstar Rating™
Large Value
as of 09/30/2024
Active Share
70 percent 70 %
as of 09/30/2024
Fact Sheet
Summary Prospectus

Overview

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

Objective

The Fund seeks a high level of current income and capital appreciation by investing primarily in a portfolio of dividend-paying large-capitalization equities.

Investment Style

Dividend-focused strategy invests primarily in U.S. large capitalization companies that

  • Have historically paid consistent, growing dividends
  • Have sustainable competitive advantages, which have the potential to support reliable, growing dividends along with reasonable valuations
  • Competitive advantages are evaluated by assessing a company's barriers to entry through
    • High customer loyalty
    • Economies of scale
    • Cost advantage
    • Government barrier (e.g., license or subsidy)
  • Trade at reasonable valuations compared to their intrinsic value
  • Active, high conviction portfolio typically holds 65-90 stocks

Fund Facts

Fund Facts

Fund Facts for Share Class
Symbol
CUSIP
Inception Date
Total Share Class Net Assets as of 09/30/2024
Total Fund Net Assets as of 09/30/2024 $2,527,840,972
Asset Class US Equity
Benchmark Russell 1000® Value Index
Distribution Frequency Quarterly
Fiscal Year End
Prospectus Date 01/26/2024

Performance

HISTORICAL DAILY NAV
Historical Daily NAV on
NAV POP
Touchstone Dividend Equity Fund -
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class R6 Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 U.S. Equity, International Equity, and Multi-Asset Funds is 5.00%.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC 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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class R6 Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 U.S. Equity, International Equity, and Multi-Asset Funds is 5.00%.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC 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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.
Effective July 19, 2021 the AIG Focused Dividend Strategy Fund and the AIG Select Dividend Growth Fund merged into the newly created Touchstone Dividend Equity Fund. The Touchstone Dividend Equity Fund adopted the performance and accounting history of the AIG Focused Dividend Strategy Fund; however, the Touchstone Dividend Equity Fund has a new, separate and distinct investment strategy and sub-adviser. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Focused Dividend Strategy Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.

Morningstar Rating™

Morningstar Rating™

Portfolio

Portfolio

as of 09/30/2024
Number of Holdings
87
Benchmark Holdings 872
Active Share
70%
Weighted Average Market Capitalization
$366.0 B
Median Market Capitalization
$114.6 B
Price To Earnings Ratio
(Weighted Harmonic Average)
21.2x
Price to Book Ratio
(Weighted Harmonic Average)
2.8x
as of 09/30/2024
Composition % of Portfolio
Equities 99.1
Cash Equivalents 0.9
Data may not total due to rounding.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 09/30/2024
Sector % of Portfolio
Information Technology 21.4
Financials 14.9
Health Care 14.0
Industrials 10.4
Consumer Discretionary 8.6
Communication Services 8.1
Consumer Staples 6.8
Energy 4.6
Utilities 4.4
Materials 3.6
Real Estate 3.3
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 10/31/2024
Security Description % of Portfolio
MICROSOFT CORP 3.4
BROADCOM INC 2.2
BLACKROCK INC 2.0
APPLE INC 2.0
MEDTRONIC PLC 2.0
PHILIP MORRIS INTERNATIONAL IN 1.9
ENTERGY CORP 1.8
JOHNSON & JOHNSON 1.7
ORACLE CORP 1.7
HOME DEPOT INC/THE 1.7
as of 09/30/2024
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
{name} {country} {sharesParValue} {currentPriceBase} {marketBaseValue} {percentOfPortfolio}
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.
sub-advisor-fwia-kummer

Austin R. Kummer, CFA

Investment Experience since 2013

Career Summary 
Fort Washington Investment Advisors, Inc.

Education 
MBA – Xavier University
BBA – Ohio University
Brendan White

Brendan M. White, CFA

Investment Experience since 1987

Career Summary 
Fort Washington Investment Advisors, Inc.
Ohio Casualty Corporation

Education 
MBA - Xavier University
BS - The Ohio State University
Jaime WIlhelm

James E. Wilhelm, Jr.

Investment Experience since 1993 

Career Summary 
Fort Washington Investment Advisors, Inc.
Riggs Investment Management Incorporation
First Union Securities
Evergreen Funds
Salomon Smith Barney 

Education 
MBA – Johns Hopkins University
BS – Wingate University

Fees

Expense Fees for Share Class
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 0.99% for Class A Shares, 1.69% for Class C Shares, 0.77% for Class Y Shares, 0.67% for Class INST Shares and 0.65% for Class R6 Shares. These expense limitations will remain in effect until at least 01/29/2025.

Distributions

Resources

Fact Sheet
Commentary

Annual Report

Statement of Additional Information (SAI)

Semi Annual Report

Statutory Prospectus

Summary Prospectus

A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in dividend-paying companies. There is no guarantee that the companies in which the Fund invests will declare dividends in the future or that dividends, if declared, will remain at current levels or increase over time. Securities that pay dividends may be sensitive to changes in interest rates, and as interest rates rise or fall, the prices of such securities may fall. The Adviser engages a sub-adviser to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-adviser who achieves superior investment returns relative to other similar sub-advisers. Events in the U.S. and global financial markets, including actions taken to stimulate or stabilize economic growth may at times result in unusually high market volatility, which could negatively impact Fund performance and cause it to experience illiquidity, shareholder redemptions, or other potentially adverse effects. Banks and financial services companies could suffer losses if interest rates rise or economic conditions deteriorate. The Fund invests in value stocks which may not appreciate in value as anticipated or may experience a decline in value. The Fund's service providers are susceptible to cyber security risks that could result in losses to a Fund and its shareholders. Cyber security incidents could affect issuers in which a Fund invests, thereby causing the Fund’s investments to lose value. Current and future portfolio holdings are subject to change.

Consider Touchstone Dividend Equity Fund for Your Portfolio

Touchstone Dividend Equity Fund invests primarily in a portfolio of dividend-paying large-capitalization equities.
Contact Us

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 professional or download and/or request one on the resources section or call Touchstone at 800-638-8194. 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.

Not FDIC Insured | No Bank Guarantee | May Lose Value

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.

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CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.