Touchstone Dynamic Equity Fund

Touchstone Dynamic Equity Fund

Daily NAV
$
Overall Morningstar RatingTM
Options-based

Morningstar

Overall Morningstar RatingTM is calculated against 80 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 06/30/2018
Total Fund Net Assets as of 06/30/2018 $106,605,064
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 08/31/2018 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 3.26% 7.76% 9.94% 19.66% 16.11% 14.52% 10.86% --
as of 06/30/2018 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 14.37% 11.93% 13.42% 10.17% --
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.
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. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.
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 06/30/2018
Number of Long Holdings
111
Number of Short Holdings
46
Weighted Average Market Capitalization Long Positions
$153.2 B
Weighted Average Market Capitalization Short Positions
$9.3 B
Price Earnings Ratio Long
(Weighted Harmonic Average)
20.0x
Price Earnings Ratio Short
(Weighted Harmonic Average)
22.8x
Price to Book Ratio Long
(Weighted Harmonic Average)
3.3x
Price to Book Ratio Short
(Weighted Harmonic Average)
2.2x
as of 08/31/2018
Security Description % of Portfolio
BANK OF AMERICA CORP 4.0
MICROSOFT CORP 3.8
APPLE INC 3.6
MASTERCARD INC - A 3.3
ACCENTURE PLC-CL A 3.2
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 08/31/2018
Security Description % of Portfolio
SPXW 10/26/18 WC2785 10/27/2018 -2.1
TFS FINANCIAL CORP -1.9
SEALED AIR CORP -1.9
UNITI GROUP 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 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABBVIE INC US 19,266 92.65 1,784,995 1.67
ACCENTURE PLC-CL A IE 20,206 163.59 3,305,500 3.10
ADOBE SYSTEMS INC US 10,993 243.81 2,680,203 2.51
AKAMAI TECHNOLOGIES INC US 19,123 73.23 1,400,377 1.31
ALPHABET INC-CL A US 23 1,129.19 25,971 0.02
AMAZON.COM INC US 1,998 1,699.80 3,396,200 3.19
AMERIPRISE FINANCIAL INC US 3,885 139.88 543,434 0.51
APPLE INC US 19,692 185.11 3,645,186 3.42
ARISTA NETWORKS INC US 1,123 257.49 289,161 0.27
ASSURED GUARANTY LTD BM 3,704 35.73 132,344 0.12
ATHENE HOLDING-A US 15,160 43.84 664,614 0.62
AVANGRID INC US 5,577 52.93 295,191 0.28
BANK OF AMERICA CORP US 126,128 28.19 3,555,548 3.34
BEST BUY CO INC US 906 74.58 67,569 0.06
BIOGEN INC US 6,767 290.24 1,964,054 1.84
BOEING CO/THE US 8,280 335.51 2,778,023 2.61
BOOKING HOLDINGS INC US 232 2,027.09 470,285 0.44
BOSTON SCIENTIFIC CORP US 25,836 32.70 844,837 0.79
BRISTOL-MYERS SQUIBB CO US 33,251 55.34 1,840,110 1.73
CBRE GROUP INC - A US 24,153 47.74 1,153,064 1.08
CELGENE CORP US 13,547 79.42 1,075,903 1.01
CENTENNIAL RESOURCE DEVELO-A US 6,004 18.06 108,432 0.10
CHEVRON CORP US 17,639 126.43 2,230,099 2.09
CITIZENS FINANCIAL GROUP US 45,645 38.90 1,775,591 1.67
COGNIZANT TECH SOLUTIONS-A US 7,175 78.99 566,753 0.53
COLGATE-PALMOLIVE CO US 184 64.81 11,925 0.01
COMERICA INC US 22,571 90.92 2,052,155 1.93
CONOCOPHILLIPS US 2,389 69.62 166,322 0.16
CONSOL ENERGY INC US 3,312 38.35 127,015 0.12
CORECIVIC INC US 73,474 23.89 1,755,294 1.65
COSTCO WHOLESALE CORP US 4,930 208.98 1,030,271 0.97
CUBESMART US 14,811 32.22 477,210 0.45
DIAMONDBACK ENERGY INC US 1,140 131.57 149,990 0.14
DREYFUS-GOV C-IN US 4,115,509 1.00 4,115,509 3.86
DXC TECHNOLOGY CO US 3,062 80.61 246,828 0.23
EOG RESOURCES INC US 9,048 124.43 1,125,843 1.06
EXPRESS SCRIPTS HOLDING CO US 28,320 77.21 2,186,587 2.05
EXXON MOBIL CORP US 10,914 82.73 902,915 0.85
FACEBOOK INC-A US 6,918 194.32 1,344,306 1.26
FLUOR CORP US 4,183 48.78 204,047 0.19
FORTINET INC US 12,952 62.43 808,593 0.76
FREEPORT-MCMORAN INC US 97,219 17.26 1,678,000 1.57
GARMIN LTD CH 22,322 61.00 1,361,642 1.28
GULFPORT ENERGY CORP US 43,416 12.57 545,739 0.51
HALLIBURTON CO US 24,287 45.06 1,094,372 1.03
HARRIS CORP US 418 144.54 60,418 0.06
HEWLETT PACKARD ENTERPRISE US 30,948 14.61 452,150 0.42
HOLLYFRONTIER CORP US 6,604 68.43 451,912 0.42
HOME DEPOT INC US 18,635 195.10 3,635,689 3.41
HONEYWELL INTERNATIONAL INC US 18,249 144.05 2,628,768 2.47
HUMANA INC US 2,521 297.63 750,325 0.70
IDEXX LABORATORIES INC US 493 217.94 107,444 0.10
INGREDION INC US 1,351 110.70 149,556 0.14
JOHNSON & JOHNSON US 11,433 121.34 1,387,280 1.30
JPMORGAN CHASE & CO US 18,853 104.20 1,964,483 1.84
LEAR CORP US 3,726 185.81 692,328 0.65
LIBERTY PROPERTY TRUST US 5,412 44.33 239,914 0.23
LIFEPOINT HEALTH INC US 11,568 48.80 564,518 0.53
LIVE NATION ENTERTAINMENT IN US 25,924 48.57 1,259,129 1.18
LOCKHEED MARTIN CORP US 251 295.43 74,153 0.07
MANPOWERGROUP INC US 3,130 86.06 269,368 0.25
MASTERCARD INC - A US 16,957 196.52 3,332,390 3.13
MAXIM INTEGRATED PRODUCTS US 23,327 58.66 1,368,362 1.28
MDU RESOURCES GROUP INC US 90,621 28.68 2,599,010 2.44
MICRON TECHNOLOGY INC US 19,213 52.44 1,007,530 0.95
MICROSOFT CORP US 26,499 98.61 2,613,066 2.45
MOHAWK INDUSTRIES INC US 2,488 214.27 533,104 0.50
NEW RESIDENTIAL INVESTMENT US 31,694 17.49 554,328 0.52
NEWS CORP - CLASS A US 80,113 15.50 1,241,752 1.16
NEWS CORP - CLASS B US 10,409 15.85 164,983 0.15
NEXTERA ENERGY INC US 10,746 167.03 1,794,904 1.68
NIKE INC -CL B US 12,799 79.68 1,019,824 0.96
NORFOLK SOUTHERN CORP US 4,487 150.87 676,954 0.64
NORTHROP GRUMMAN CORP US 1,038 307.70 319,393 0.30
NRG ENERGY INC US 9,896 30.70 303,807 0.28
NVR INC US 550 2,970.35 1,633,693 1.53
OCCIDENTAL PETROLEUM CORP US 11,151 83.68 933,116 0.88
P G & E CORP US 25,151 42.56 1,070,427 1.00
PARK HOTELS & RESORTS INC US 931 30.63 28,517 0.03
PAYPAL HOLDINGS INC US 5,496 83.27 457,652 0.43
PEPSICO INC US 21,860 108.87 2,379,898 2.23
PHILIP MORRIS INTERNATIONAL US 12,781 80.74 1,031,938 0.97
PILGRIM'S PRIDE CORP US 15,593 20.13 313,887 0.29
PROGRESSIVE CORP US 39,369 59.15 2,328,676 2.18
RAYONIER INC US 38,787 38.69 1,500,669 1.41
RAYTHEON COMPANY US 3,515 193.18 679,028 0.64
REGIONS FINANCIAL CORP US 15,998 17.78 284,444 0.27
RETAIL PROPERTIES OF AME - A US 7,066 12.78 90,303 0.08
ROCKWELL AUTOMATION INC US 1,315 166.23 218,592 0.21
ROSS STORES INC US 25,018 84.75 2,120,276 1.99
RPC INC US 8,776 14.57 127,866 0.12
S&P GLOBAL INC US 15,014 203.89 3,061,204 2.87
SKECHERS USA INC-CL A US 7,346 30.01 220,453 0.21
SQUARE INC - A US 9,629 61.64 593,532 0.56
STORE CAPITAL CORP US 11,000 27.40 301,400 0.28
SYNOVUS FINANCIAL CORP US 817 52.83 43,162 0.04
TEREX CORP US 35,755 42.19 1,508,503 1.42
TEXAS INSTRUMENTS INC US 22,314 110.25 2,460,119 2.31
THOR INDUSTRIES INC US 2,815 97.39 274,153 0.26
TJX COMPANIES INC US 2,471 95.18 235,190 0.22
TYSON FOODS INC-CL A US 22,329 68.85 1,537,352 1.44
US FOODS HOLDING CORP US 54,118 37.82 2,046,743 1.92
VERISIGN INC US 3,297 137.42 453,074 0.43
VERIZON COMMUNICATIONS INC US 51,556 50.31 2,593,782 2.43
VERTEX PHARMACEUTICALS INC US 2,065 169.96 350,967 0.33
VISTRA ENERGY CORP US 25,836 23.66 611,280 0.57
WASTE MANAGEMENT INC US 3,674 81.34 298,843 0.28
WESTLAKE CHEMICAL CORP US 1,091 107.63 117,424 0.11
WEYERHAEUSER CO US 75,053 36.46 2,736,432 2.57
XILINX INC US 1,774 65.26 115,771 0.11
ZOETIS INC US 22,416 85.19 1,909,619 1.79
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 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ACADIA PHARMACEUTICALS INC US -9,484 15.27 -144,821 -0.14
ALNYLAM PHARMACEUTICALS INC US -1,537 98.49 -151,379 -0.14
AMERICAN WATER WORKS CO INC US -9,483 85.38 -809,659 -0.76
AQUA AMERICA INC US -1,137 35.18 -40,000 -0.04
ASHLAND GLOBAL HOLDINGS INC US -9,925 78.18 -775,937 -0.73
BLUEBIRD BIO INC US -1,040 156.95 -163,228 -0.15
BRIGHTHOUSE FINANCIAL INC US -8,129 40.07 -325,729 -0.31
CF INDUSTRIES HOLDINGS INC US -482 44.40 -21,401 -0.02
CREDIT ACCEPTANCE CORP US -622 353.40 -219,815 -0.21
CYRUSONE INC US -657 58.36 -38,343 -0.04
DDR CORP US -2,820 17.90 -50,478 -0.05
DEXCOM INC US -429 94.98 -40,746 -0.04
FIREEYE INC US -49,944 15.39 -768,638 -0.72
FIRST HORIZON NATIONAL CORP US -2,763 17.84 -49,292 -0.05
FIRST REPUBLIC BANK/CA US -3,555 96.79 -344,088 -0.32
FIRSTENERGY CORP US -31,292 35.91 -1,123,696 -1.05
INTERNATIONAL GAME TECHNOLOG US -9,317 23.24 -216,527 -0.20
MATTEL INC US -8,059 16.42 -132,329 -0.12
NEW YORK COMMUNITY BANCORP US -86,884 11.04 -959,199 -0.90
NIELSEN HOLDINGS PLC US -42,032 30.93 -1,300,050 -1.22
NUANCE COMMUNICATIONS INC US -10,764 13.89 -149,458 -0.14
OEX 07/20/18 WC1280 07/21/2018 US -42 0.30 -1,260 0.00
OWENS-ILLINOIS INC US -56,468 16.81 -949,227 -0.89
PANDORA MEDIA INC US -127,334 7.88 -1,003,392 -0.94
PARSLEY ENERGY INC-CLASS A US -407 30.28 -12,324 -0.01
PINNACLE FINANCIAL PARTNERS US -10,847 61.35 -665,463 -0.62
REALTY INCOME CORP US -8,517 53.79 -458,129 -0.43
SEALED AIR CORP US -21,611 42.45 -917,387 -0.86
SPX 07/20/18 WC2765 07/21/2018 US -24 14.00 -33,600 -0.03
SPX 07/20/18 WC2775 07/21/2018 US -40 7.53 -30,120 -0.03
SPXW 06/29/18 WC2735 06/30/2018 US -25 0.05 -125 0.00
SPXW 07/06/18 WC2780 07/07/2018 US -25 0.60 -1,500 0.00
SPXW 07/13/18 WC2770 07/14/2018 US -25 5.44 -13,600 -0.01
SPXW 07/20/18 WP2760 07/21/2018 US -6 49.00 -29,400 -0.03
SPXW 07/27/18 WC2700 07/28/2018 US -125 61.33 -766,625 -0.72
SPXW 08/03/18 WC2900 08/04/2018 US -50 0.50 -2,500 0.00
SPXW 08/17/18 WC2935 08/18/2018 US -42 0.60 -2,520 0.00
TAKE-TWO INTERACTIVE SOFTWRE US -1,016 118.36 -120,254 -0.11
TEMPUR SEALY INTERNATIONAL I US -23,613 48.05 -1,134,605 -1.06
TESLA INC US -2,106 342.95 -722,253 -0.68
TFS FINANCIAL CORP US -132,610 15.77 -2,091,260 -1.96
TRANSDIGM GROUP INC US -4,413 345.14 -1,523,103 -1.43
TREEHOUSE FOODS INC US -12,902 52.51 -677,484 -0.64
UNITI GROUP INC US -59,641 20.03 -1,194,609 -1.12
WAYFAIR INC- CLASS A US -2,114 118.76 -251,059 -0.24
WEATHERFORD INTERNATIONAL PL CH -161,288 3.29 -530,638 -0.50
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.

Resources

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.

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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