Touchstone Dynamic Equity Fund

Touchstone Dynamic Equity Fund

Daily NAV
$
Overall Morningstar RatingTM
Options-based

Morningstar

Overall Morningstar RatingTM is calculated against 87 funds in the Options-based 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 Analytic Investors, LLC

Objective

The fund seeks to obtain long-term capital appreciation from hedged equity investments with less risk than a fully invested, unhedged equity portfolio by investing in a combination of equity securities, short-term debt securities, and derivative instruments.

Dynamic Equity Fund Commentary

Investment Style

  • Invests primarily in long and short positions of U.S. large-cap stocks, although it may invest in small- and mid-cap stocks
  • Utilizes a proprietary model that attempts to determine a security's intrinsic value by evaluating variables such as relative valuation, price momentum, company fundamentals, liquidity and risk
  • Buys securities 'long' that are believed will outperform and sells securities 'short' on those believed will underperform
  • Intends to take long and short equity positions that may vary over time-based on an assessment of market conditions and other factors
  • Seeks to reduce overall portfolio risk through the use of options, primarily focusing on writing call options
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 stocks of small- and mid-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. The Fund is involved in short selling which may result in additional costs associated with covering short positions and a possibility of unlimited loss. The Fund invests in covered call options, and index and ETF call options which may result in limited gains and illiquidity for the option or for the security. Premiums generated from these options typically result in tax consequences. The Fund invests in derivatives such as forward currency exchange contracts, futures contracts, options and swap agreements. Derivatives can be highly volatile, illiquid and difficult to value, subject to counterparty and leverage risks and there is risk that changes in the value of a derivative held by the Fund will not correlate with the Fund’s other investments. 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. Gains or losses from speculative positions in a derivative may be much greater than the original cost and potential losses may be substantial. When the Fund has a cash balance, any market upswing may adversely affect the Fund's performance. The Fund may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns and higher short-term capital gains taxable to shareholders. 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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $101,350,663
Asset Class Multi-Asset / Alternative
Morningstar Category Options-based
Benchmark S&P 500 Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 04/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Dynamic Equity Fund -
HISTORICAL DAILY NAV
as of 09/30/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Dynamic Equity Fund -
Including Sales Charge
Touchstone Dynamic Equity Fund -
Excluding Sales Charge
S&P 500 Index 0.57% 7.71% 10.56% 17.91% 17.31% 13.95% 11.97% --
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 advisor 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/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund 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 advisor 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 advisor 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 advisor 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.
The performance presented for Class A, C, and INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 07/01/78, with the performance since the inception date of each share class.
as of 09/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Dynamic Equity Fund -
Including Sales Charge
Touchstone Dynamic Equity Fund -
Excluding Sales Charge
S&P 500 Index 17.91% 17.31% 13.95% 11.97% --
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 advisor 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/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund 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 advisor 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 advisor 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 advisor 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.
The performance presented for Class A, C, and INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 07/01/78, with the performance since the inception date of each share class.

Consider Touchstone Dynamic Equity Fund for Your Portfolio

Touchstone Dynamic Equity Fund invests in a combination of equity securities, short-term debt securities and derivative instruments to build a long/short equity portfolio that utilizes a covered call strategy. It seeks to provide long-term capital appreciation.
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Portfolio

as of 09/30/2018
Number of Long Holdings
92
Number of Short Holdings
41
Weighted Average Market Capitalization Long Positions
$182.9 B
Weighted Average Market Capitalization Short Positions
$6.7 B
Price Earnings Ratio Long
(Weighted Harmonic Average)
22.6x
Price Earnings Ratio Short
(Weighted Harmonic Average)
38.3x
Price to Book Ratio Long
(Weighted Harmonic Average)
3.8x
Price to Book Ratio Short
(Weighted Harmonic Average)
2.8x
as of 09/30/2018
Sector
% of Portfolio - Long Positions
% of Portfolio - Short Positions
Information Technology 28.4 -5.5
Financials 16.9 -3.1
Consumer Discretionary 13.7 -1.7
Health Care 13.5 -0.1
Consumer Staples 9.2 -1.2
Industrials 8.2 -1.6
Energy 8.2 -1.0
Real Estate 7.2 -1.9
Communication Services 6.0 -0.4
Utilities 4.8 -1.1
Materials 1.0 -2.0
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.
as of 09/30/2018
Security Description % of Portfolio
Apple, Inc. 3.8
Microsoft Corp. 3.6
Mastercard Inc. 3.4
Accenture PLC 3.2
Amazon.com Inc. 3.1
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.
as of 09/30/2018
Security Description % of Portfolio
Sealed Air Corp. -1.9
TFS Financial Corporation -1.9
Nuance Communications, Inc. -1.7
FireEye Inc. -1.5
Guidewire Software Inc. -1.5
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.
as of 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
3M CO US 6,384 210.71 1,345,173 1.33
ACCENTURE PLC-CL A IE 18,911 170.20 3,218,652 3.18
ADOBE SYSTEMS INC US 9,490 269.95 2,561,826 2.53
ADVANCED MICRO DEVICES US 5,987 30.89 184,938 0.18
ALPHABET INC-CL A US 1,750 1,207.08 2,112,390 2.08
ALPHABET INC-CL C US 466 1,193.47 556,157 0.55
ALTRIA GROUP INC US 28,735 60.31 1,733,008 1.71
AMAZON.COM INC US 1,585 2,003.00 3,174,755 3.13
AMERIPRISE FINANCIAL INC US 10,785 147.66 1,592,513 1.57
AMERISOURCEBERGEN CORP US 6,678 92.22 615,845 0.61
APPLE INC US 17,176 225.74 3,877,310 3.83
ARCHER-DANIELS-MIDLAND CO US 17,398 50.27 874,597 0.86
ASSURED GUARANTY LTD BM 3,704 42.23 156,420 0.15
AT&T INC US 70,820 33.58 2,378,136 2.35
AUTOMATIC DATA PROCESSING US 19,487 150.66 2,935,911 2.90
AVANGRID INC US 54,428 47.93 2,608,734 2.57
BANK OF AMERICA CORP US 79,495 29.46 2,341,923 2.31
BERKSHIRE HATHAWAY INC-CL B US 214 214.11 45,820 0.05
BOEING CO/THE US 3,605 371.90 1,340,700 1.32
BURLINGTON STORES INC US 3,557 162.92 579,506 0.57
CBRE GROUP INC - A US 40,536 44.10 1,787,638 1.76
CELGENE CORP US 16,447 89.49 1,471,842 1.45
CENTENNIAL RESOURCE DEVELO-A US 6,004 21.85 131,187 0.13
CHEVRON CORP US 11,922 122.28 1,457,822 1.44
COMERICA INC US 22,571 90.20 2,035,904 2.01
CONOCOPHILLIPS US 35,869 77.40 2,776,261 2.74
DREYFUS-GOV C-IN US 1,835,296 1.00 1,835,296 1.81
EOG RESOURCES INC US 4,647 127.57 592,818 0.58
EXPRESS SCRIPTS HOLDING CO US 21,498 95.01 2,042,525 2.02
EXTENDED STAY AMERICA INC US 69,764 20.23 1,411,326 1.39
EXXON MOBIL CORP US 17,966 85.02 1,527,469 1.51
FACEBOOK INC-A US 215 164.46 35,359 0.03
FORTINET INC US 18,643 92.27 1,720,190 1.70
FREEPORT-MCMORAN INC US 6,972 13.92 97,050 0.10
GARMIN LTD CH 1,194 70.05 83,640 0.08
HELMERICH & PAYNE US 11,262 68.77 774,488 0.76
HOME DEPOT INC US 4,874 207.15 1,009,649 1.00
HONEYWELL INTERNATIONAL INC US 15,980 166.40 2,659,072 2.62
HUMANA INC US 2,521 338.52 853,409 0.84
ICU MEDICAL INC US 5,263 282.75 1,488,113 1.47
ILLUMINA INC US 761 367.06 279,333 0.28
INGREDION INC US 21,123 104.96 2,217,070 2.19
INTUIT INC US 13,786 227.40 3,134,936 3.09
JOHNSON & JOHNSON US 5,213 138.17 720,280 0.71
JPMORGAN CHASE & CO US 9,660 112.84 1,090,034 1.08
LEAR CORP US 4 145.00 580 0.00
LULULEMON ATHLETICA INC CA 9,337 162.49 1,517,169 1.50
MASTERCARD INC - A US 15,674 222.61 3,489,189 3.44
MDU RESOURCES GROUP INC US 62,460 25.69 1,604,597 1.58
METTLER-TOLEDO INTERNATIONAL US 3,661 608.98 2,229,476 2.20
MICROSOFT CORP US 32,228 114.37 3,685,916 3.64
NATIONAL INSTRUMENTS CORP US 5,972 48.33 288,627 0.28
NEWS CORP - CLASS B US 9,474 13.60 128,846 0.13
NEXTERA ENERGY INC US 4,324 167.60 724,702 0.72
NIKE INC -CL B US 37,444 84.72 3,172,256 3.13
NORFOLK SOUTHERN CORP US 2,762 180.50 498,541 0.49
NVR INC US 602 2,470.80 1,487,422 1.47
ONEOK INC US 6,489 67.79 439,889 0.43
OUTFRONT MEDIA INC US 36,089 19.95 719,976 0.71
PARK HOTELS & RESORTS INC US 42,366 32.82 1,390,452 1.37
PEPSICO INC US 25,691 111.80 2,872,254 2.83
PHILIP MORRIS INTERNATIONAL US 5,379 81.54 438,604 0.43
POLARIS INDUSTRIES INC US 934 100.95 94,287 0.09
PROCTER & GAMBLE CO/THE US 1,280 83.23 106,534 0.11
PROGRESSIVE CORP US 40,535 71.04 2,879,606 2.84
RAYTHEON COMPANY US 8,287 206.66 1,712,591 1.69
RETAIL PROPERTIES OF AME - A US 109,116 12.19 1,330,124 1.31
ROBERT HALF INTL INC US 11,447 70.38 805,640 0.79
RPC INC US 41,205 15.48 637,853 0.63
S&P GLOBAL INC US 14,198 195.39 2,774,147 2.74
SIRIUS XM HOLDINGS INC US 19,997 6.32 126,381 0.12
SONOCO PRODUCTS CO US 17,278 55.50 958,929 0.95
SQUARE INC - A US 14,742 99.01 1,459,605 1.44
T ROWE PRICE GROUP INC US 15,532 109.18 1,695,784 1.67
TEXAS INSTRUMENTS INC US 25,312 107.29 2,715,724 2.68
TJX COMPANIES INC US 2,471 112.02 276,801 0.27
TWENTY-FIRST CENTURY FOX - B US 2,701 45.82 123,760 0.12
TYSON FOODS INC-CL A US 20,639 59.53 1,228,640 1.21
UNITED THERAPEUTICS CORP US 940 127.88 120,207 0.12
UNUM GROUP US 36,629 39.07 1,431,095 1.41
US BANCORP US 22,860 52.81 1,207,237 1.19
VERIZON COMMUNICATIONS INC US 14,326 53.39 764,865 0.75
VERTEX PHARMACEUTICALS INC US 2,065 192.74 398,008 0.39
WASTE MANAGEMENT INC US 350 90.36 31,626 0.03
WELLCARE HEALTH PLANS INC US 2,012 320.49 644,826 0.64
WESCO INTERNATIONAL INC US 566 61.45 34,781 0.03
WEST PHARMACEUTICAL SERVICES US 567 123.47 70,007 0.07
WESTERN ALLIANCE BANCORP US 3,254 56.89 185,120 0.18
WEYERHAEUSER CO US 69,409 32.27 2,239,828 2.21
WILEY (JOHN) & SONS-CLASS A US 417 60.60 25,270 0.02
YUM CHINA HOLDINGS INC CN 37,864 35.11 1,329,405 1.31
ZOETIS INC US 31,982 91.56 2,928,272 2.89
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.
as of 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
2U INC US -4,700 75.19 -353,393 -0.35
BLUEBIRD BIO INC US -1,040 146.00 -151,840 -0.15
BRIGHTHOUSE FINANCIAL INC US -7,181 44.24 -317,687 -0.31
CAMPBELL SOUP CO US -27,217 36.63 -996,959 -0.98
CHESAPEAKE ENERGY CORP US -33,126 4.49 -148,736 -0.15
CREDIT ACCEPTANCE CORP US -22 438.07 -9,638 -0.01
DJX 10/19/18 WC276 10/20/2018 US -32 0.18 -576 0.00
FIREEYE INC US -89,158 17.00 -1,515,686 -1.50
FIRSTENERGY CORP US -29,503 37.17 -1,096,627 -1.08
FLOWSERVE CORP US -6,161 54.69 -336,945 -0.33
GUIDEWIRE SOFTWARE INC US -14,804 101.01 -1,495,352 -1.48
HANESBRANDS INC US -45,241 18.43 -833,792 -0.82
MATTEL INC US -53,765 15.70 -844,111 -0.83
NDX 10/19/18 WC7300 10/20/2018 US -4 369.40 -147,760 -0.15
NIELSEN HOLDINGS PLC US -42,032 27.66 -1,162,605 -1.15
NRG ENERGY INC US -899 37.40 -33,623 -0.03
NUANCE COMMUNICATIONS INC US -97,898 17.32 -1,695,593 -1.67
PLATFORM SPECIALTY PRODUCTS US -7,015 12.47 -87,477 -0.09
RUTW 10/26/18 WC1665 10/27/2018 US -10 41.94 -41,940 -0.04
SEALED AIR CORP US -47,897 40.15 -1,923,065 -1.90
SPX 10/19/18 WC2935 10/20/2018 US -21 13.00 -27,300 -0.03
SPXW 09/28/18 WC2900 09/29/2018 US -22 12.51 -27,522 -0.03
SPXW 10/05/18 WC2875 10/06/2018 US -22 45.20 -99,440 -0.10
SPXW 10/19/18 WP2930 10/20/2018 US -6 30.35 -18,210 -0.02
SPXW 10/26/18 WC2850 10/27/2018 US -127 81.20 -1,031,240 -1.02
SPXW 10/31/18 WC3020 11/01/2018 US -107 2.06 -22,042 -0.02
SS&C TECHNOLOGIES HOLDINGS US -1,922 56.83 -109,227 -0.11
STERLING BANCORP/DE US -410 22.00 -9,020 -0.01
TAUBMAN CENTERS INC US -7,406 59.83 -443,101 -0.44
TEMPUR SEALY INTERNATIONAL I US -1,297 52.90 -68,611 -0.07
TFS FINANCIAL CORP US -125,446 15.01 -1,882,944 -1.86
TRANSDIGM GROUP INC US -403 372.30 -150,037 -0.15
TREEHOUSE FOODS INC US -4,185 47.85 -200,252 -0.20
UNITI GROUP INC US -74,139 20.15 -1,493,901 -1.47
VIRTU FINANCIAL INC-CLASS A US -24,941 20.45 -510,043 -0.50
WEATHERFORD INTERNATIONAL PL CH -259,098 2.71 -702,156 -0.69
WESTERN UNION CO US -17,125 19.06 -326,403 -0.32
WHITE MOUNTAINS INSURANCE GP US -631 935.87 -590,534 -0.58
WORKDAY INC-CLASS A US -995 145.98 -145,250 -0.14
WPX ENERGY INC US -8,141 20.12 -163,797 -0.16
ZILLOW GROUP INC - A US -8,393 44.20 -370,971 -0.37
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.

Management

Management

Actively Managed and Sub-Advised by Analytic Investors, LLC
Silva

Harindra de Silva Ph.D., CFA

Investment Experience since 1986 

Career Summary 
Analytic Investors, LLC
Analysis Group Inc. 

Education 
Ph.D. - Finance, UC Irvine
MBA - Finance, University of Rochester
MS - Econometrics, University of Rochester
BS - Mechanical Engineering, University of Manchester
Dennis Bein

Dennis Bein, CFA

Investment Experience since 1991 

Career Summary 
Analytic Investors, LLC
Analysis Group Inc. 

Education 
MBA - Finance, UC Riverside
BS - Business Administration, UC Riverside
Brown

Ryan Brown, CFA

Investment Experience since 2006 

Career Summary 
Analytic Investors, LLC
Beekman Capital Management 

Education 
MS - Finance, University of Utah
BS - Economics, Brigham Young University
McCurran

Gregory McMurran

Investment Experience since 1977 

Career Summary 
Analytic Investors, LLC 

Education 
MA - Economics, California State University, Fullerton
BA - Economics, UC Irvine

Fees

Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio
Touchstone Advisors, Inc. and the Funds Trust have entered into a contractual expense limitation agreement whereby Touchstone Advisors will waive a portion of its fees or reimburse certain Fund expenses (excluding dividend and interest expenses relating to short sales; interest; taxes; brokerage commissions and other transaction costs; portfolio transactions and investment related expenses; other expenditures which are capitalized in accordance with U.S. generally accepted accounting principles; the costs of “Acquired Fund Fees and Expenses,” if any; and other extraordinary expenses not incurred in the ordinary course of business) in order to limit certain annual Fund operating expenses to 1.55% for Class A Shares, 2.30% for Class C Shares, 1.30% for Class Y Shares and 1.25% for Class INST Shares. This contractual expense limitation is effective through 04/29/2019.
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.

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
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.

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Consider Touchstone Dynamic Equity Fund for Your Portfolio

Touchstone Dynamic Equity Fund invests in a combination of equity securities, short-term debt securities and derivative instruments to build a long/short equity portfolio that utilizes a covered call strategy. It seeks to provide long-term capital appreciation.

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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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