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Touchstone Dynamic Equity Fund

Daily NAV
$
Overall Morningstar Rating™
Options-based

Overview

Overview

Actively Managed and Sub-Advised by Wells Capital Management, Inc.

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 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 and securities such as forward currency exchange contracts, futures contracts and options including those based on the London Interbank Offered Rate (LIBOR). 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 a sub-advisor to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-advisor who achieves superior investment returns relative to other similar sub-advisors.

Fund Facts

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2019
Total Fund Net Assets as of 06/30/2019 $44,061,532
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 04/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Dynamic Equity Fund -
HISTORICAL DAILY NAV
as of 07/31/2019
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 1.44% 1.69% 20.24% 7.99% 13.36% 11.34% 14.03% --
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 06/30/2019
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 10.42% 14.19% 10.71% 14.70% --
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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Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Long Holdings
288
Number of Short Holdings
116
Weighted Average Market Capitalization Long Positions
$201.8 B
Weighted Average Market Capitalization Short Positions
$9.4 B
Price To Earnings Ratio Long
(Weighted Harmonic Average)
20.1x
Price To Earnings Ratio Short
(Weighted Harmonic Average)
16.8x
Price to Book Ratio Long
(Weighted Harmonic Average)
2.9x
Price to Book Ratio Short
(Weighted Harmonic Average)
1.6x
as of 06/30/2019
Sector
% of Portfolio - Long Positions
% of Portfolio - Short Positions
Information Technology 23.5 -2.6
Financials 18.5 -5.1
Health Care 14.0 -0.9
Communication Services 12.8 -0.5
Consumer Discretionary 10.9 -1.6
Industrials 9.7 -1.7
Consumer Staples 8.9 -0.6
Real Estate 6.9 -3.3
Utilities 5.3 -1.3
Energy 4.6 -0.5
Materials 2.5 -1.1
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 the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. 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. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 07/31/2019
Security Description % of Portfolio
MICROSOFT CORP 3.9
APPLE INC 3.3
AMAZON.COM INC 3.0
BERKSHIRE HATHAWAY INC 2.2
FACEBOOK INC 1.9
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 the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. 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. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 07/31/2019
Security Description % of Portfolio
SPXW US 08/16/19 C2930 08/16/2019 -0.8
TWO HARBORS INVESTMENT CORP -0.7
STERICYCLE INC -0.7
ENTERGY CORP -0.6
MARKEL CORP -0.6
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 the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. 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. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
3M CO US 2,436 173.34 422,256 0.96
ABBVIE INC US 3,387 72.72 246,303 0.56
ACCENTURE PLC IE 684 184.77 126,383 0.29
ACTIVISION BLIZZARD INC US 621 47.20 29,311 0.07
ADOBE INC US 708 294.65 208,612 0.47
ADVANCED MICRO DEVICES INC US 3,926 30.37 119,233 0.27
AGILENT TECHNOLOGIES INC US 3,296 74.67 246,112 0.56
ALEXION PHARMACEUTICALS INC US 1,301 130.98 170,405 0.39
ALIGN TECHNOLOGY INC US 163 273.70 44,613 0.10
ALLERGAN PLC IE 55 167.43 9,209 0.02
ALLIANT ENERGY CORP US 1,496 49.08 73,424 0.17
ALLY FINANCIAL INC US 14,951 30.99 463,331 1.05
ALPHABET INC US 575 1,080.91 621,523 1.41
ALPHABET INC US 593 1,082.80 642,100 1.46
ALTRIA GROUP INC US 6,701 47.35 317,292 0.72
AMAZON.COM INC US 754 1,893.63 1,427,797 3.24
AMEREN CORP US 5,605 75.11 420,992 0.96
AMERICAN FINANCIAL GROUP INC/O US 533 102.47 54,617 0.12
AMERICAN NATIONAL INSURANCE CO US 2,419 116.47 281,741 0.64
AMERICAN TOWER CORP US 2,074 204.45 424,029 0.96
AMERIPRISE FINANCIAL INC US 2,331 145.16 338,368 0.77
AMERISOURCEBERGEN CORP US 422 85.26 35,980 0.08
AMETEK INC US 702 90.84 63,770 0.14
AMGEN INC US 1,391 184.28 256,333 0.58
AMPHENOL CORP US 2,208 95.94 211,836 0.48
ANTHEM INC US 579 282.21 163,400 0.37
AON PLC GB 259 192.98 49,982 0.11
APPLE INC US 7,466 197.92 1,477,671 3.35
ARCHER-DANIELS-MIDLAND CO US 7,945 40.80 324,156 0.74
ARISTA NETWORKS INC US 117 259.62 30,376 0.07
ARTHUR J GALLAGHER & CO US 1,445 87.59 126,568 0.29
ASSURED GUARANTY LTD BM 1,142 42.08 48,055 0.11
AT&T INC US 13,412 33.51 449,436 1.02
ATHENE HOLDING LTD BM 606 43.06 26,094 0.06
AUTODESK INC US 255 162.90 41,540 0.09
AUTOMATIC DATA PROCESSING INC US 2,804 165.33 463,585 1.05
AVALONBAY COMMUNITIES INC US 501 203.18 101,793 0.23
BANK OF AMERICA CORP US 20,564 29.00 596,356 1.35
BANK OF NEW YORK MELLON CORP/T US 7,419 44.15 327,549 0.74
BANK OZK US 3,566 30.09 107,301 0.24
BERKSHIRE HATHAWAY INC US 5,329 213.17 1,135,983 2.58
BIO-RAD LABORATORIES INC US 251 312.59 78,460 0.18
BIO-TECHNE CORP US 700 208.49 145,943 0.33
BLACKROCK INC US 725 469.30 340,243 0.77
BOEING CO/THE US 769 364.01 279,924 0.64
BOOZ ALLEN HAMILTON HOLDING CO US 1,322 66.21 87,530 0.20
BOSTON PROPERTIES INC US 96 129.00 12,384 0.03
BROADCOM INC US 1,123 287.86 323,267 0.73
BRUKER CORP US 2,298 49.95 114,785 0.26
CABLE ONE INC US 33 1,170.99 38,643 0.09
CADENCE DESIGN SYSTEMS INC US 2,474 70.81 175,184 0.40
CAMDEN PROPERTY TRUST US 1,564 104.39 163,266 0.37
CAPITAL ONE FINANCIAL CORP US 3,008 90.74 272,946 0.62
CARNIVAL CORP PA 784 46.55 36,495 0.08
CBRE GROUP INC US 1,514 51.30 77,668 0.18
CBS CORP US 4,350 49.90 217,065 0.49
CDW CORP/DE US 508 111.00 56,388 0.13
CENTERPOINT ENERGY INC US 3,474 28.63 99,461 0.23
CHARTER COMMUNICATIONS INC US 910 395.18 359,614 0.82
CHEMED CORP US 277 360.84 99,953 0.23
CHEVRON CORP US 2,169 124.44 269,910 0.61
CHIPOTLE MEXICAN GRILL INC US 198 732.88 145,110 0.33
CIGNA CORP US 287 157.55 45,217 0.10
CIMAREX ENERGY CO US 1,115 59.33 66,153 0.15
CINCINNATI FINANCIAL CORP US 535 103.67 55,463 0.13
CISCO SYSTEMS INC US 6,500 54.73 355,745 0.81
CITIGROUP INC US 2,750 70.03 192,583 0.44
CITIZENS FINANCIAL GROUP INC US 4,819 35.36 170,400 0.39
CLOROX CO/THE US 1,142 153.11 174,852 0.40
CMS ENERGY CORP US 1,554 57.91 89,992 0.20
CNA FINANCIAL CORP US 4,528 47.07 213,133 0.48
COCA-COLA CO/THE US 5,083 50.92 258,826 0.59
COLGATE-PALMOLIVE CO US 1,876 71.67 134,453 0.31
COMCAST CORP US 13,425 42.28 567,609 1.29
CONOCOPHILLIPS US 3,647 61.00 222,467 0.50
COSTAR GROUP INC US 523 554.06 289,773 0.66
COSTCO WHOLESALE CORP US 1,699 264.26 448,978 1.02
CRANE CO US 1,560 83.44 130,166 0.30
CREDIT ACCEPTANCE CORP US 35 483.83 16,934 0.04
CROWN CASTLE INTERNATIONAL COR US 211 130.35 27,504 0.06
CURTISS-WRIGHT CORP US 859 127.13 109,205 0.25
CVS HEALTH CORP US 962 54.49 52,419 0.12
DISCOVER FINANCIAL SERVICES US 615 77.59 47,718 0.11
DOLLAR GENERAL CORP US 1,086 135.16 146,784 0.33
DONALDSON CO INC US 751 50.86 38,196 0.09
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 598,509 1.00 598,509 1.36
DUKE ENERGY CORP US 4,811 88.24 424,523 0.96
DXC TECHNOLOGY CO US 866 55.15 47,760 0.11
EAST WEST BANCORP INC US 3,176 46.77 148,542 0.34
EASTMAN CHEMICAL CO US 224 77.83 17,434 0.04
EATON CORP PLC IE 74 83.28 6,163 0.01
ECOLAB INC US 1,909 197.44 376,913 0.86
EOG RESOURCES INC US 57 93.16 5,310 0.01
EPAM SYSTEMS INC US 1,412 173.10 244,417 0.55
EPR PROPERTIES US 2,518 74.59 187,818 0.43
ESTEE LAUDER COS INC/THE US 373 183.11 68,300 0.16
EVERSOURCE ENERGY US 947 75.76 71,745 0.16
EXTENDED STAY AMERICA INC US 1,309 16.89 22,109 0.05
EXXON MOBIL CORP US 7,524 76.63 576,564 1.31
FACEBOOK INC US 4,003 193.00 772,579 1.75
FAIR ISAAC CORP US 573 314.02 179,933 0.41
FEDERAL REALTY INVESTMENT TRUS US 1,354 128.76 174,341 0.40
FEDEX CORP US 161 164.19 26,435 0.06
FIRST HORIZON NATIONAL CORP US 2,467 14.93 36,832 0.08
FLOOR & DECOR HOLDINGS INC US 724 41.90 30,336 0.07
FMC CORP US 290 82.95 24,056 0.05
FNB CORP/PA US 5,169 11.77 60,839 0.14
GAMING AND LEISURE PROPERTIES US 2,750 38.98 107,195 0.24
GENERAL DYNAMICS CORP US 724 181.82 131,638 0.30
GENERAL MILLS INC US 2,033 52.52 106,773 0.24
GENPACT LTD BM 2,139 38.09 81,475 0.18
GENUINE PARTS CO US 825 103.58 85,454 0.19
GOLDMAN SACHS GROUP INC/THE US 142 204.60 29,053 0.07
HARTFORD FINANCIAL SERVICES GR US 545 55.72 30,367 0.07
HEALTHCARE TRUST OF AMERICA IN US 2,790 27.43 76,530 0.17
HELMERICH & PAYNE INC US 375 50.62 18,983 0.04
HERSHEY CO/THE US 631 134.03 84,573 0.19
HEWLETT PACKARD ENTERPRISE CO US 4,328 14.95 64,704 0.15
HILL-ROM HOLDINGS INC US 1,841 104.62 192,605 0.44
HILTON WORLDWIDE HOLDINGS INC US 1,592 97.74 155,602 0.35
HOME DEPOT INC/THE US 1,071 207.97 222,736 0.51
HONEYWELL INTERNATIONAL INC US 1,982 174.59 346,037 0.79
HOSPITALITY PROPERTIES TRUST US 2,718 25.00 67,950 0.15
HP INC US 6,242 20.79 129,771 0.29
HUMANA INC US 416 265.30 110,365 0.25
HUNTSMAN CORP US 1,050 20.44 21,462 0.05
IAC/INTERACTIVECORP US 1,348 217.53 293,230 0.67
ILLINOIS TOOL WORKS INC US 114 150.81 17,192 0.04
INGERSOLL-RAND PLC IE 1,157 126.67 146,557 0.33
INGREDION INC US 897 82.49 73,994 0.17
INTEL CORP US 8,915 47.87 426,761 0.97
INTERPUBLIC GROUP OF COS INC/T US 5,025 22.59 113,515 0.26
INTUIT INC US 1,220 261.33 318,823 0.72
IONIS PHARMACEUTICALS INC US 270 64.27 17,353 0.04
IQVIA HOLDINGS INC US 448 160.90 72,083 0.16
JACK HENRY & ASSOCIATES INC US 404 133.92 54,104 0.12
JOHNSON & JOHNSON US 5,793 139.28 806,849 1.83
JPMORGAN CHASE & CO US 3,856 111.80 431,101 0.98
KANSAS CITY SOUTHERN US 440 121.82 53,601 0.12
KINDER MORGAN INC/DE US 2,000 20.88 41,760 0.09
KONTOOR BRANDS INC US 327 28.02 9,163 0.02
L3 TECHNOLOGIES INC US 239 245.17 58,596 0.13
LAMAR ADVERTISING CO US 304 80.71 24,536 0.06
LAS VEGAS SANDS CORP US 3,120 59.09 184,361 0.42
LEGGETT & PLATT INC US 57 38.37 2,187 0.00
LEIDOS HOLDINGS INC US 382 79.85 30,503 0.07
LENNAR CORP US 821 38.51 31,617 0.07
LIBERTY PROPERTY TRUST US 1,389 50.04 69,506 0.16
LINCOLN ELECTRIC HOLDINGS INC US 156 82.32 12,842 0.03
LINCOLN NATIONAL CORP US 2,993 64.45 192,899 0.44
LINDE PLC IE 746 200.80 149,797 0.34
LOCKHEED MARTIN CORP US 165 363.54 59,984 0.14
LOWE'S COS INC US 3,596 100.91 362,872 0.82
LPL FINANCIAL HOLDINGS INC US 192 81.57 15,661 0.04
LULULEMON ATHLETICA INC US 1,975 180.21 355,915 0.81
LYONDELLBASELL INDUSTRIES NV NL 91 86.13 7,838 0.02
MANHATTAN ASSOCIATES INC US 844 69.33 58,515 0.13
MARATHON PETROLEUM CORP US 2,271 55.88 126,903 0.29
MASIMO CORP US 1,677 148.82 249,571 0.57
MASTERCARD INC US 3,175 264.53 839,883 1.91
MATCH GROUP INC US 2,121 67.27 142,680 0.32
MAXIM INTEGRATED PRODUCTS INC US 6,918 59.82 413,835 0.94
MCDONALD'S CORP US 115 207.66 23,881 0.05
MDU RESOURCES GROUP INC US 3,402 25.80 87,772 0.20
MEDICAL PROPERTIES TRUST INC US 7,478 17.44 130,416 0.30
MEDTRONIC PLC IE 374 97.39 36,424 0.08
MERCK & CO INC US 6,324 83.85 530,267 1.20
MERCURY GENERAL CORP US 399 62.50 24,938 0.06
METTLER-TOLEDO INTERNATIONAL I US 46 840.00 38,640 0.09
MICROSOFT CORP US 14,362 133.96 1,923,934 4.37
MONDELEZ INTERNATIONAL INC US 4,273 53.90 230,315 0.52
MONOLITHIC POWER SYSTEMS INC US 470 135.78 63,817 0.14
MORGAN STANLEY US 3,873 43.81 169,676 0.39
MOSAIC CO/THE US 4,653 25.03 116,465 0.26
MSCI INC US 432 238.79 103,157 0.23
NETFLIX INC US 102 367.32 37,467 0.09
NEXTERA ENERGY INC US 493 204.86 100,996 0.23
NIKE INC US 3,516 83.95 295,168 0.67
NORFOLK SOUTHERN CORP US 1,004 199.33 200,127 0.45
NORTHERN TRUST CORP US 992 90.00 89,280 0.20
NORTHROP GRUMMAN CORP US 39 323.11 12,601 0.03
NORWEGIAN CRUISE LINE HOLDINGS BM 268 53.63 14,373 0.03
NUCOR CORP US 739 55.10 40,719 0.09
NVIDIA CORP US 512 164.23 84,086 0.19
NVR INC US 50 3,370.25 168,513 0.38
OGE ENERGY CORP US 3,357 42.56 142,874 0.32
OKTA INC US 100 123.51 12,351 0.03
OLD REPUBLIC INTERNATIONAL COR US 12,020 22.38 269,008 0.61
OMNICOM GROUP INC US 680 81.95 55,726 0.13
ONEOK INC US 3,904 68.81 268,634 0.61
ORACLE CORP US 1,693 56.97 96,450 0.22
O'REILLY AUTOMOTIVE INC US 72 369.32 26,591 0.06
OSHKOSH CORP US 1,727 83.49 144,187 0.33
OUTFRONT MEDIA INC US 3,228 25.79 83,250 0.19
PACCAR INC US 1,044 71.66 74,813 0.17
PATTERSON-UTI ENERGY INC US 6,069 11.51 69,854 0.16
PAYCHEX INC US 3,790 82.29 311,879 0.71
PAYCOM SOFTWARE INC US 249 226.72 56,453 0.13
PAYPAL HOLDINGS INC US 4,239 114.46 485,196 1.10
PBF ENERGY INC US 3,299 31.30 103,259 0.23
PEPSICO INC US 4,286 131.13 562,023 1.28
PERKINELMER INC US 1,294 96.34 124,664 0.28
PFIZER INC US 15,590 43.32 675,359 1.53
PHILIP MORRIS INTERNATIONAL IN US 3,414 78.53 268,101 0.61
PINNACLE WEST CAPITAL CORP US 5,450 94.09 512,791 1.16
PIONEER NATURAL RESOURCES CO US 94 153.86 14,463 0.03
POST HOLDINGS INC US 1,263 103.97 131,314 0.30
PRINCIPAL FINANCIAL GROUP INC US 2,468 57.92 142,947 0.32
PROCTER & GAMBLE CO/THE US 5,571 109.65 610,860 1.39
PROGRESSIVE CORP/THE US 1,658 79.93 132,524 0.30
PRUDENTIAL FINANCIAL INC US 4,843 101.00 489,143 1.11
PUBLIC STORAGE US 69 238.17 16,434 0.04
QUALCOMM INC US 534 76.07 40,621 0.09
RAYMOND JAMES FINANCIAL INC US 201 84.55 16,995 0.04
REALOGY HOLDINGS CORP US 9,976 7.24 72,226 0.16
REALTY INCOME CORP US 1,572 68.97 108,421 0.25
REGENERON PHARMACEUTICALS INC US 66 313.00 20,658 0.05
REGIONS FINANCIAL CORP US 3,580 14.94 53,485 0.12
REPUBLIC SERVICES INC US 3,079 86.64 266,765 0.61
RETAIL PROPERTIES OF AMERICA I US 17,678 11.76 207,893 0.47
RINGCENTRAL INC US 170 114.92 19,536 0.04
ROBERT HALF INTERNATIONAL INC US 475 57.01 27,080 0.06
ROLLINS INC US 4,103 35.87 147,175 0.33
ROSS STORES INC US 901 99.12 89,307 0.20
ROYAL CARIBBEAN CRUISES LTD LR 679 121.21 82,302 0.19
RPM INTERNATIONAL INC US 1,400 61.11 85,554 0.19
SALESFORCE.COM INC US 238 151.73 36,112 0.08
SBA COMMUNICATIONS CORP US 643 224.84 144,572 0.33
SEI INVESTMENTS CO US 5,626 56.10 315,619 0.72
SENIOR HOUSING PROPERTIES TRUS US 6,740 8.27 55,740 0.13
SERVICENOW INC US 144 274.57 39,538 0.09
SIMON PROPERTY GROUP INC US 1,179 159.76 188,357 0.43
SM ENERGY CO US 1,521 12.52 19,043 0.04
SONOCO PRODUCTS CO US 1,858 65.34 121,402 0.28
SOUTHWEST AIRLINES CO US 4,663 50.78 236,787 0.54
SQUARE INC US 1,035 72.53 75,069 0.17
STATE STREET CORP US 3,008 56.06 168,628 0.38
STEEL DYNAMICS INC US 1,400 30.20 42,280 0.10
STORE CAPITAL CORP US 4,749 33.19 157,619 0.36
STRYKER CORP US 840 205.58 172,687 0.39
SYNOPSYS INC US 577 128.69 74,254 0.17
TAPESTRY INC US 2,125 31.73 67,426 0.15
TARGET CORP US 163 86.61 14,117 0.03
TD AMERITRADE HOLDING CORP US 1,953 49.92 97,494 0.22
TELEPHONE & DATA SYSTEMS INC US 4,966 30.40 150,966 0.34
TEXAS INSTRUMENTS INC US 2,343 114.76 268,883 0.61
TEXTRON INC US 790 53.04 41,902 0.10
THERMO FISHER SCIENTIFIC INC US 95 293.68 27,900 0.06
TJX COS INC/THE US 6,374 52.88 337,057 0.76
TORO CO/THE US 943 66.90 63,087 0.14
TWITTER INC US 2,209 34.90 77,094 0.17
ULTA BEAUTY INC US 547 346.89 189,749 0.43
UMPQUA HOLDINGS CORP US 375 16.59 6,221 0.01
UNION PACIFIC CORP US 1,156 169.11 195,491 0.44
UNITED AIRLINES HOLDINGS INC US 618 87.55 54,106 0.12
UNITED PARCEL SERVICE INC US 3,094 103.27 319,517 0.73
UNITED STATES CELLULAR CORP US 617 44.67 27,561 0.06
UNITED TECHNOLOGIES CORP US 442 130.20 57,548 0.13
UNITEDHEALTH GROUP INC US 1,408 244.01 343,566 0.78
UNIVERSAL DISPLAY CORP US 658 188.06 123,743 0.28
UNUM GROUP US 2,662 33.55 89,310 0.20
US BANCORP US 3,911 52.40 204,936 0.47
VALERO ENERGY CORP US 1,093 85.61 93,572 0.21
VALVOLINE INC US 2,274 19.53 44,411 0.10
VEEVA SYSTEMS INC US 1,757 162.11 284,827 0.65
VENTAS INC US 2,510 68.35 171,559 0.39
VERISIGN INC US 1,055 209.16 220,664 0.50
VERISK ANALYTICS INC US 1,836 146.46 268,901 0.61
VERIZON COMMUNICATIONS INC US 8,815 57.13 503,601 1.14
VERTEX PHARMACEUTICALS INC US 1,348 183.38 247,196 0.56
VF CORP US 1,875 87.35 163,781 0.37
VIACOM INC US 3,707 34.10 126,409 0.29
VIACOM INC US 6,038 29.87 180,355 0.41
WALMART INC US 1,751 110.49 193,468 0.44
WALT DISNEY CO/THE US 1,950 139.64 272,298 0.62
WASTE MANAGEMENT INC US 684 115.37 78,913 0.18
WAYFAIR INC US 934 146.00 136,364 0.31
WEBSTER FINANCIAL CORP US 767 47.77 36,640 0.08
WEINGARTEN REALTY INVESTORS US 8,594 27.42 235,647 0.53
WEST PHARMACEUTICAL SERVICES I US 1,432 125.15 179,215 0.41
WESTROCK CO US 2,692 36.47 98,177 0.22
WILLIAMS COS INC/THE US 5,820 28.04 163,193 0.37
WR BERKLEY CORP US 1,596 65.93 105,224 0.24
XCEL ENERGY INC US 6,018 59.49 358,011 0.81
XILINX INC US 452 117.92 53,300 0.12
YUM CHINA HOLDINGS INC US 1,370 46.20 63,294 0.14
ZOETIS INC US 4,160 113.49 472,118 1.07
ZYNGA INC US 11,712 6.13 71,795 0.16
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 the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. 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. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
2U INC US -779 37.64 -29,322 -0.07
ACADIA HEALTHCARE CO INC US -339 34.95 -11,848 -0.03
AECOM US -854 37.85 -32,324 -0.07
AFFILIATED MANAGERS GROUP INC US -479 92.14 -44,135 -0.10
AGIOS PHARMACEUTICALS INC US -932 49.88 -46,488 -0.11
AGNC INVESTMENT CORP US -14,317 16.82 -240,812 -0.55
ALCOA CORP US -651 23.41 -15,240 -0.03
ALEXANDRIA REAL ESTATE EQUITIE US -299 141.09 -42,186 -0.10
ALLEGHANY CORP US -238 681.11 -162,104 -0.37
AMERICAN INTERNATIONAL GROUP I US -3,803 53.28 -202,624 -0.46
AMERICAN WATER WORKS CO INC US -1,682 116.00 -195,112 -0.44
ANNALY CAPITAL MANAGEMENT INC US -12,216 9.13 -111,532 -0.25
ANTERO RESOURCES CORP US -2,836 5.53 -15,683 -0.04
AQUA AMERICA INC US -1,091 41.37 -45,135 -0.10
ARCOSA INC US -240 37.63 -9,031 -0.02
ASHLAND GLOBAL HOLDINGS INC US -2,274 79.97 -181,852 -0.41
ATMOS ENERGY CORP US -751 105.56 -79,276 -0.18
AXIS CAPITAL HOLDINGS LTD BM -1,101 59.65 -65,675 -0.15
BLUEBIRD BIO INC US -695 127.20 -88,404 -0.20
BROOKFIELD PROPERTY REIT INC US -1,673 18.89 -31,603 -0.07
BUNGE LTD BM -341 55.71 -18,997 -0.04
CAESARS ENTERTAINMENT CORP US -11,243 11.82 -132,892 -0.30
CAMPBELL SOUP CO US -3,680 40.07 -147,458 -0.33
CHIMERA INVESTMENT CORP US -3,645 18.87 -68,781 -0.16
COLFAX CORP US -4,115 28.03 -115,343 -0.26
COPA HOLDINGS SA PA -105 97.57 -10,245 -0.02
CORELOGIC INC/UNITED STATES US -1,603 41.83 -67,053 -0.15
COVETRUS INC US -1,393 24.46 -34,073 -0.08
CROWN HOLDINGS INC US -1,422 61.10 -86,884 -0.20
CUBESMART US -864 33.44 -28,892 -0.07
CYRUSONE INC US -1,609 57.72 -92,871 -0.21
DIGITAL REALTY TRUST INC US -229 117.79 -26,974 -0.06
EAGLE MATERIALS INC US -1,431 92.70 -132,654 -0.30
ECHOSTAR CORP US -1,871 44.32 -82,923 -0.19
ELASTIC NV NL -697 74.66 -52,038 -0.12
ENERGIZER HOLDINGS INC US -1,760 38.64 -68,006 -0.15
ENTERGY CORP US -583 102.93 -60,008 -0.14
EQUITY LIFESTYLE PROPERTIES IN US -446 121.34 -54,118 -0.12
EVEREST RE GROUP LTD BM -224 247.18 -55,368 -0.13
FIREEYE INC US -918 14.81 -13,596 -0.03
FIRST REPUBLIC BANK/CA US -364 97.65 -35,545 -0.08
FIRST SOLAR INC US -1,462 65.68 -96,024 -0.22
FIRSTENERGY CORP US -2,948 42.81 -126,204 -0.29
FISERV INC US -344 91.16 -31,359 -0.07
FORTIVE CORP US -31 81.52 -2,527 -0.01
FRONTDOOR INC US -3,911 43.55 -170,324 -0.39
GARDNER DENVER HOLDINGS INC US -1,074 34.60 -37,160 -0.08
GARRETT MOTION INC US -9,023 15.35 -138,503 -0.31
GRAPHIC PACKAGING HOLDING CO US -1,469 13.98 -20,537 -0.05
GUIDEWIRE SOFTWARE INC US -2,060 101.38 -208,843 -0.47
HAIN CELESTIAL GROUP INC/THE US -1,952 21.90 -42,749 -0.10
HD SUPPLY HOLDINGS INC US -444 40.28 -17,884 -0.04
HOWARD HUGHES CORP/THE US -263 123.84 -32,570 -0.07
HYATT HOTELS CORP US -1,090 76.13 -82,982 -0.19
IAA INC US -1,323 38.78 -51,306 -0.12
ICU MEDICAL INC US -451 251.91 -113,611 -0.26
IHS MARKIT LTD BM -606 63.72 -38,614 -0.09
INSULET CORP US -1,006 119.38 -120,096 -0.27
INTERACTIVE BROKERS GROUP INC US -142 54.20 -7,696 -0.02
INTERNATIONAL GAME TECHNOLOGY GB -1,549 12.97 -20,091 -0.05
INVITATION HOMES INC US -5,557 26.73 -148,539 -0.34
JBG SMITH PROPERTIES US -4,688 39.34 -184,426 -0.42
KAR AUCTION SERVICES INC US -1,323 25.00 -33,075 -0.08
KILROY REALTY CORP US -1,106 73.81 -81,634 -0.19
LITTELFUSE INC US -98 176.91 -17,337 -0.04
LOEWS CORP US -364 54.67 -19,900 -0.05
MACERICH CO/THE US -4,098 33.49 -137,242 -0.31
MARKEL CORP US -246 1,089.60 -268,042 -0.61
MARVELL TECHNOLOGY GROUP LTD BM -2,613 23.87 -62,372 -0.14
MATTEL INC US -10,955 11.21 -122,806 -0.28
MIDDLEBY CORP/THE US -424 135.70 -57,537 -0.13
NCR CORP US -815 31.10 -25,347 -0.06
NIELSEN HOLDINGS PLC GB -469 22.60 -10,599 -0.02
NISOURCE INC US -2,013 28.80 -57,974 -0.13
NUANCE COMMUNICATIONS INC US -9,173 15.97 -146,493 -0.33
OWENS-ILLINOIS INC US -4,032 17.27 -69,633 -0.16
PARAMOUNT GROUP INC US -2,884 14.01 -40,405 -0.09
PENUMBRA INC US -10 160.00 -1,600 0.00
PINNACLE FINANCIAL PARTNERS IN US -417 57.48 -23,969 -0.05
PULTEGROUP INC US -912 31.62 -28,837 -0.07
REALPAGE INC US -995 58.85 -58,556 -0.13
SEALED AIR CORP US -77 42.78 -3,294 -0.01
SITE CENTERS CORP US -1,465 13.24 -19,397 -0.04
SL GREEN REALTY CORP US -1,005 80.37 -80,772 -0.18
SPIRIT REALTY CAPITAL INC US -3,621 42.66 -154,472 -0.35
SPX US 07/19/19 P2940 07/19/2019 US -3 31.80 -9,540 -0.02
SPX US 08/16/19 C3130 08/16/2019 US -16 2.60 -4,160 -0.01
SPXW US 06/28/19 C2790 06/28/2019 US -9 140.97 -126,873 -0.29
SPXW US 07/05/19 C2955 07/05/2019 US -9 20.40 -18,360 -0.04
SPXW US 07/12/19 C2895 07/12/2019 US -3 59.50 -17,850 -0.04
SPXW US 07/19/19 C2890 07/19/2019 US -2 68.15 -13,630 -0.03
SPXW US 07/19/19 C2955 07/19/2019 US -10 30.75 -30,750 -0.07
SPXW US 07/19/19 C3070 07/19/2019 US -24 1.56 -3,744 -0.01
SPXW US 07/26/19 C2880 07/26/2019 US -69 87.73 -605,337 -1.37
STERICYCLE INC US -6,221 47.75 -297,053 -0.67
STERLING BANCORP/DE US -1,567 21.28 -33,346 -0.08
SUN COMMUNITIES INC US -344 128.19 -44,097 -0.10
TECHNIPFMC PLC GB -5,684 25.94 -147,443 -0.33
TEXAS CAPITAL BANCSHARES INC US -1,161 61.37 -71,251 -0.16
TIFFANY & CO US -95 93.64 -8,896 -0.02
TRANSDIGM GROUP INC US -59 483.80 -28,544 -0.06
TRANSOCEAN LTD CH -8,984 6.41 -57,587 -0.13
TRAVELERS COS INC/THE US -688 149.52 -102,870 -0.23
TRINITY INDUSTRIES INC US -1,448 20.75 -30,046 -0.07
TWO HARBORS INVESTMENT CORP US -24,556 12.67 -311,125 -0.71
UNITI GROUP INC COM US -3,740 9.50 -35,530 -0.08
UTY US 07/19/19 C810 07/19/2019 US -9 5.00 -4,500 -0.01
VEREIT INC US -8,836 9.01 -79,612 -0.18
VIRTU FINANCIAL INC US -460 21.78 -10,019 -0.02
VOYA FINANCIAL INC US -2,309 55.30 -127,688 -0.29
WESTERN UNION CO/THE US -14,836 19.89 -295,088 -0.67
WEYERHAEUSER CO US -4,921 26.34 -129,619 -0.29
WHITE MOUNTAINS INSURANCE GROU BM -267 1,021.46 -272,730 -0.62
WP CAREY INC US -682 81.18 -55,365 -0.13
ZILLOW GROUP INC US -2,232 45.76 -102,136 -0.23
ZILLOW GROUP INC US -2,801 46.39 -129,938 -0.29
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 the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. 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. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management

Actively Managed and Sub-Advised by Wells Capital Management, Inc.
harindra de silva

Harindra de Silva Ph.D., CFA

Investment Experience since 1986 

Career Summary 
Wells Capital Management, Inc.
Analytic Investors
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 
Wells Capital Management, Inc.
Analytic Investors
Analysis Group Inc. 

Education 
MBA - Finance, UC Riverside
BS - Business Administration, UC Riverside
ryan brown