Skip to Main Navigation Skip to Main Content

Touchstone Dynamic Equity Fund

Daily NAV
$
Overall Morningstar Rating™
Options-based

Morningstar

Overall Morningstar Rating™ is calculated against 94 funds in the Options-based category.

The Morningstar Rating™ 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 Morningstar Rating™ does not include any adjustment for sales load. 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.
©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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 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 03/31/2019
Total Fund Net Assets as of 03/31/2019 $59,397,806
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 05/31/2019
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 -6.35% -0.67% 10.74% 3.78% 11.72% 9.66% 13.95% --
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 03/31/2019
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 9.50% 13.51% 10.91% 15.92% --
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.
Contact Us Now

Morningstar Rating™

Portfolio

as of 03/31/2019
Number of Long Holdings
266
Number of Short Holdings
96
Weighted Average Market Capitalization Long Positions
$192.0 B
Weighted Average Market Capitalization Short Positions
$9.8 B
Price To Earnings Ratio Long
(Weighted Harmonic Average)
19.1x
Price To Earnings Ratio Short
(Weighted Harmonic Average)
12.9x
Price to Book Ratio Long
(Weighted Harmonic Average)
3.1x
Price to Book Ratio Short
(Weighted Harmonic Average)
1.9x
as of 03/31/2019
Sector
% of Portfolio - Long Positions
% of Portfolio - Short Positions
Information Technology 21.8 -1.5
Financials 14.9 -5.0
Health Care 14.4 -1.5
Industrials 12.2 -2.4
Communication Services 10.7 -0.3
Consumer Discretionary 10.0 -2.1
Consumer Staples 8.3 -0.2
Real Estate 7.5 -2.9
Energy 5.9 -0.2
Utilities 5.8 -1.6
Materials 3.5 -1.5
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 05/31/2019
Security Description % of Portfolio
MICROSOFT CORP 4.7
APPLE INC 3.4
AMAZON.COM INC 3.3
MASTERCARD INC - A 2.3
PFIZER INC 1.8
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 05/31/2019
Security Description % of Portfolio
STERICYCLE INC -0.7
FIRST REPUBLIC BANK/CA -0.7
MARKEL CORP -0.6
AGNC INVESTMENT CORP -0.5
NUANCE COMMUNICATIONS INC -0.5
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 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
3M CO US 3,702 207.78 769,202 1.29
ABBVIE INC US 3,330 80.59 268,365 0.45
ACCENTURE PLC-CL A IE 4,609 176.02 811,276 1.37
ACTAVIS PLC US 541 146.41 79,208 0.13
ADOBE INC US 1,619 266.49 431,447 0.73
ADVANCED MICRO DEVICES US 1,920 25.52 48,998 0.08
AGILENT TECHNOLOGIES INC US 5,585 80.38 448,922 0.76
ALEXION PHARMACEUTICALS INC US 1,999 135.18 270,225 0.45
ALLY FINANCIAL INC US 26,036 27.49 715,730 1.20
ALPHABET INC-CL A US 1,040 1,176.89 1,223,966 2.06
ALPHABET INC-CL C US 935 1,173.31 1,097,045 1.85
ALTRIA GROUP INC US 4,012 57.43 230,409 0.39
AMAZON.COM INC US 1,010 1,780.75 1,798,558 3.03
AMEREN CORPORATION US 6,857 73.55 504,332 0.85
AMERICAN CAMPUS COMMUNITIES US 220 47.58 10,468 0.02
AMERICAN EXPRESS CO US 1,711 109.30 187,012 0.31
AMERICAN FINANCIAL GROUP INC US 533 96.21 51,280 0.09
AMERICAN NATIONAL INSURANCE US 3,089 120.82 373,213 0.63
AMERICAN TOWER CORP US 337 197.06 66,409 0.11
AMERIPRISE FINANCIAL INC US 2,331 128.10 298,601 0.50
AMERISOURCEBERGEN CORP US 1,614 79.52 128,345 0.22
ANADARKO PETROLEUM CORP US 3,476 45.48 158,088 0.27
ANSYS INC US 363 182.71 66,324 0.11
ANTHEM INC US 434 286.98 124,549 0.21
AON PLC GB 1,651 170.70 281,826 0.47
APPLE HOSPITALITY REIT INC US 791 16.30 12,893 0.02
APPLE INC US 10,758 189.95 2,043,482 3.44
ARAMARK US 7,909 29.55 233,711 0.39
ARCHER-DANIELS-MIDLAND CO US 6,859 43.13 295,829 0.50
ARISTA NETWORKS INC US 33 314.46 10,377 0.02
ASPEN TECHNOLOGY INC US 764 104.26 79,655 0.13
AT&T INC US 12,467 31.36 390,965 0.66
AUTODESK INC US 276 155.82 43,006 0.07
AUTOMATIC DATA PROCESSING US 2,804 159.74 447,911 0.75
AVALONBAY COMMUNITIES INC US 1,528 200.73 306,715 0.52
BAKER HUGHES A GE CO US 470 27.72 13,028 0.02
BANK OF AMERICA CORP US 27,500 27.59 758,725 1.28
BANK OF NEW YORK MELLON CORP US 4,009 50.43 202,174 0.34
BERKSHIRE HATHAWAY INC-CL B US 1,558 200.89 312,987 0.53
BEST BUY CO INC US 2,384 71.06 169,407 0.29
BIOGEN INC US 279 236.38 65,950 0.11
BIO-TECHNE CORP US 450 198.55 89,348 0.15
BLACKROCK INC US 662 427.37 282,919 0.48
BOEING CO/THE US 2,463 381.42 939,437 1.58
BOOKING HOLDINGS INC US 8 1,744.91 13,959 0.02
BOOZ ALLEN HAMILTON HOLDINGS US 1,100 58.14 63,954 0.11
BORGWARNER INC US 3,467 38.41 133,167 0.22
BOSTON PROPERTIES INC US 53 133.88 7,096 0.01
BROADCOM INC US 741 300.71 222,826 0.38
BROADRIDGE FINANCIAL SOLUTIO US 1,491 103.69 154,602 0.26
BRUKER CORP US 7,766 38.44 298,525 0.50
CADENCE DESIGN SYS INC US 5,632 63.51 357,688 0.60
CAMDEN PROPERTY TRUST US 3,015 101.50 306,023 0.52
CAPITAL ONE FINANCIAL CORP US 2,324 81.69 189,848 0.32
CARDINAL HEALTH INC US 173 48.15 8,330 0.01
CBRE GROUP INC - A US 7,223 49.45 357,177 0.60
CBS CORP-CLASS B NON VOTING US 7,574 47.53 359,992 0.61
CELGENE CORP US 1,115 94.34 105,189 0.18
CENTERPOINT ENERGY INC US 9,288 30.70 285,142 0.48
CENTURYLINK INC US 8,023 11.99 96,196 0.16
CHARLES RIVER LABORATORIES US 334 145.25 48,514 0.08
CHEMED CORP US 370 320.07 118,426 0.20
CHEVRON CORP US 5,704 123.18 702,619 1.18
CHIPOTLE MEXICAN GRILL INC US 101 710.31 71,741 0.12
CIGNA (NEW) US 689 160.82 110,805 0.19
CISCO SYSTEMS INC US 5,536 53.99 298,889 0.50
CITIGROUP INC US 3,367 62.22 209,495 0.35
CITIZENS FINANCIAL GROUP US 1,199 32.50 38,968 0.07
CNA FINANCIAL CORP US 2,058 43.35 89,214 0.15
CNX RESOURCES CORP US 1,048 10.77 11,287 0.02
COCA-COLA CO/THE US 5,030 46.86 235,706 0.40
COGNEX CORP US 473 50.86 24,057 0.04
COGNIZANT TECH SOLUTIONS-A US 37 72.45 2,681 0.00
COLGATE-PALMOLIVE CO US 81 68.54 5,552 0.01
COMCAST CORP-CLASS A US 13,764 39.98 550,285 0.93
COMERICA INC US 1,668 73.32 122,298 0.21
CONOCOPHILLIPS US 13,712 66.74 915,139 1.54
CONTINENTAL RESOURCES INC/OK US 1,434 44.77 64,200 0.11
COSTCO WHOLESALE CORP US 3,091 242.14 748,455 1.26
CUMMINS INC US 1,082 157.87 170,815 0.29
CURTISS-WRIGHT CORP US 149 113.34 16,888 0.03
CVS HEALTH CORP US 1,273 53.93 68,653 0.12
DAVITA HEALTHCARE PARTNERS I US 363 54.29 19,707 0.03
DEVON ENERGY CORP US 858 31.56 27,078 0.05
DISCOVER FINANCIAL SERVICES US 3,442 71.16 244,933 0.41
DISH NETWORK CORP-A US 3,077 31.69 97,510 0.16
DOLLAR GENERAL CORP US 3,802 119.30 453,579 0.76
DONALDSON CO INC US 2,978 50.06 149,079 0.25
DOVER CORP US 2,131 93.80 199,888 0.34
DREYFUS-GOV C-IN US 5,502,317 1.00 5,502,317 9.26
DTE ENERGY COMPANY US 1,600 124.74 199,584 0.34
DUKE ENERGY CORP US 2,251 90.00 202,590 0.34
DXC TECHNOLOGY CO US 2,918 64.31 187,657 0.32
E*TRADE FINANCIAL CORP US 553 46.43 25,676 0.04
EAST WEST BANCORP INC US 3,651 47.97 175,138 0.29
EASTMAN CHEMICAL CO US 3,048 75.88 231,282 0.39
EATON CORP PLC IE 4,645 80.56 374,201 0.63
ECOLAB INC US 3,263 176.54 576,050 0.97
ELI LILLY & CO US 144 129.76 18,685 0.03
EOG RESOURCES INC US 1,181 95.18 112,408 0.19
EPR PROPERTIES US 1,515 76.90 116,504 0.20
EQUITY RESIDENTIAL US 1,654 75.32 124,579 0.21
ERIE INDEMNITY COMPANY-CL A US 90 178.52 16,067 0.03
EVERSOURCE ENERGY US 2,054 70.95 145,731 0.25
EXELON CORP US 7,523 50.13 377,128 0.63
EXPEDITORS INTL WASH INC US 2,515 75.90 190,889 0.32
EXTENDED STAY AMERICA INC US 8,846 17.95 158,786 0.27
EXXON MOBIL CORP US 9,840 80.80 795,072 1.34
FACEBOOK INC-CLASS A US 6,460 166.69 1,076,817 1.81
FACTSET RESEARCH SYSTEMS INC US 322 248.27 79,943 0.13
FIRST HORIZON NATIONAL CORP US 9,464 13.98 132,307 0.22
FLIR SYSTEMS INC US 1,512 47.58 71,941 0.12
FORTINET INC US 1,793 83.97 150,558 0.25
GARMIN LTD CH 973 86.35 84,019 0.14
GENERAL DYNAMICS CORP US 582 169.28 98,521 0.17
GILEAD SCIENCES INC US 1,018 65.01 66,180 0.11
HAWAIIAN ELECTRIC INDS US 862 40.77 35,144 0.06
HIGHWOODS PROPERTIES INC US 16,751 46.78 783,612 1.32
HILL-ROM HOLDINGS INC US 536 105.86 56,741 0.10
HOLLYFRONTIER CORP US 29 49.27 1,429 0.00
HOME DEPOT INC US 1,058 191.89 203,020 0.34
HONEYWELL INTERNATIONAL INC US 4,854 158.92 771,398 1.30
HOSPITALITY PROPERTIES TRUST US 9,320 26.31 245,209 0.41
HP INC US 15,459 19.43 300,368 0.51
HUMANA INC US 1,311 266.00 348,726 0.59
HUNTSMAN CORP US 1,978 22.49 44,485 0.07
IAC/INTERACTIVECORP US 867 210.11 182,165 0.31
IDEXX LABORATORIES INC US 258 223.60 57,689 0.10
INCYTE CORP US 294 86.01 25,287 0.04
INGERSOLL-RAND PLC US 1,730 107.95 186,754 0.31
INGREDION INC US 1,458 94.69 138,058 0.23
INTEL CORP US 9,018 53.70 484,267 0.82
INTUIT INC US 2,513 261.41 656,923 1.11
INTUITIVE SURGICAL INC US 307 570.58 175,168 0.29
JOHNSON & JOHNSON US 6,875 139.79 961,056 1.62
JPMORGAN CHASE & CO US 2,562 101.23 259,351 0.44
KIMBERLY-CLARK CORP US 861 123.90 106,678 0.18
KINDER MORGAN INC US 8,574 20.01 171,566 0.29
LABORATORY CRP OF AMER HLDGS US 330 152.98 50,483 0.08
LAMAR ADVERTISING CO-A US 1,078 79.26 85,442 0.14
LAS VEGAS SANDS CORP US 4,725 60.96 288,036 0.48
LEIDOS HOLDINGS INC US 755 64.09 48,388 0.08
LINCOLN ELECTRIC HOLDINGS US 1,090 83.87 91,418 0.15
LINCOLN NATIONAL CORP US 2,314 58.70 135,832 0.23
LOCKHEED MARTIN CORP US 603 300.16 180,996 0.30
LOWE'S COS INC US 5,622 109.47 615,440 1.04
LPL FINANCIAL HOLDINGS INC US 3,743 69.65 260,700 0.44
LULULEMON ATHLETICA INC CA 1,673 163.87 274,155 0.46
LYONDELLBASELL INDU-CL A US 5,200 84.08 437,216 0.74
MANHATTAN ASSOCIATES INC US 134 55.11 7,385 0.01
MANPOWERGROUP INC US 653 82.69 53,997 0.09
MARSH & MCLENNAN COS US 337 93.90 31,644 0.05
MASIMO CORP US 1,380 138.28 190,826 0.32
MASTERCARD INC - A US 6,176 235.45 1,454,139 2.45
MCDONALD'S CORP US 32 189.90 6,077 0.01
MDU RESOURCES GROUP INC US 16,340 25.83 422,062 0.71
MEDTRONIC PLC US 4,402 91.08 400,934 0.67
MERCK & CO. INC. US 9,173 83.17 762,918 1.28
METLIFE INC US 5,588 42.57 237,881 0.40
METTLER-TOLEDO INTERNATIONAL US 70 723.00 50,610 0.09
MICROSOFT CORP US 20,420 117.94 2,408,335 4.05
MONDELEZ INTERNATIONAL INC-A US 6,718 49.92 335,363 0.56
MORGAN STANLEY US 1,827 42.20 77,099 0.13
MOSAIC CO/THE US 9,132 27.31 249,395 0.42
MYLAN NV US 2,372 28.34 67,222 0.11
NETAPP INC US 364 69.34 25,240 0.04
NEW RESIDENTIAL INVESTMENT US 1,245 16.91 21,053 0.04
NEWMARKET CORP US 52 433.56 22,545 0.04
NIKE INC -CL B US 1,326 84.21 111,662 0.19
NORFOLK SOUTHERN CORP US 489 186.89 91,389 0.15
NUCOR CORP US 5,607 58.35 327,168 0.55
NVIDIA CORP US 1,034 179.56 185,665 0.31
OGE ENERGY CORP US 8,518 43.12 367,296 0.62
OLD REPUBLIC INTL CORP US 27,827 20.92 582,141 0.98
OMNICOM GROUP US 2,069 72.99 151,016 0.25
ONEOK INC US 3,560 69.84 248,630 0.42
ORACLE CORP US 5,514 53.71 296,157 0.50
OSHKOSH CORP US 361 75.13 27,122 0.05
OUTFRONT MEDIA INC US 13,162 23.40 307,991 0.52
PACCAR INC US 3,540 68.14 241,216 0.41
PAYPAL HOLDINGS INC US 3,886 103.84 403,522 0.68
PEPSICO INC US 7,272 122.55 891,184 1.50
PERKINELMER INC US 1,294 96.36 124,690 0.21
PFIZER INC US 19,865 42.47 843,667 1.42
PHILIP MORRIS INTERNATIONAL US 5,648 88.39 499,227 0.84
PHILLIPS 66 US 764 95.17 72,710 0.12
PINNACLE WEST CAPITAL US 3,921 95.58 374,769 0.63
PIONEER NATURAL RESOURCES CO US 1,020 152.28 155,326 0.26
PNC FINANCIAL SERVICES GROUP US 64 122.66 7,850 0.01
POLARIS INDUSTRIES INC US 427 84.43 36,052 0.06
PPL CORP US 6,865 31.74 217,895 0.37
PROCTER & GAMBLE CO/THE US 9,743 104.05 1,013,759 1.71
PROGRESSIVE CORP US 2,348 72.09 169,267 0.28
PRUDENTIAL FINANCIAL INC US 3,559 91.88 327,001 0.55
PUBLIC STORAGE US 1,639 217.78 356,941 0.60
PVH CORP US 2,598 121.95 316,826 0.53
QUALCOMM INC US 6,431 57.03 366,760 0.62
RAYMOND JAMES FINANCIAL INC US 201 80.41 16,162 0.03
RAYTHEON COMPANY US 775 182.08 141,112 0.24
REALOGY HOLDINGS CORP US 9,848 11.40 112,267 0.19
REGENERON PHARMACEUTICALS US 284 410.62 116,616 0.20
REGIONS FINANCIAL CORP US 11,208 14.15 158,593 0.27
REPUBLIC SERVICES INC US 2,210 80.38 177,640 0.30
RETAIL PROPERTIES OF AME - A US 17,163 12.19 209,217 0.35
ROBERT HALF INTL INC US 2,917 65.16 190,072 0.32
ROSS STORES INC US 758 93.10 70,570 0.12
ROYAL CARIBBEAN CRUISES LTD US 1,200 114.62 137,544 0.23
S&P GLOBAL INC US 552 210.55 116,224 0.20
SALESFORCE.COM INC US 894 158.37 141,583 0.24
SEI INVESTMENTS COMPANY US 1,842 52.25 96,245 0.16
SENIOR HOUSING PROP TRUST US 17,339 11.78 204,253 0.34
SIMON PROPERTY GROUP INC US 2,371 182.21 432,020 0.73
SKYWORKS SOLUTIONS INC US 331 82.48 27,301 0.05
SONOCO PRODUCTS CO US 3,860 61.53 237,506 0.40
SOUTHERN CO/THE US 1,056 51.68 54,574 0.09
SOUTHWEST AIRLINES CO US 5,934 51.91 308,034 0.52
STATE STREET CORP US 3,008 65.81 197,956 0.33
STERIS PLC US 1,459 128.03 186,796 0.31
STRYKER CORP US 93 197.52 18,369 0.03
SVB FINANCIAL GROUP US 315 222.36 70,043 0.12
SYNCHRONY FINANCIAL US 249 31.90 7,943 0.01
SYNOVUS FINANCIAL CORP US 2,506 34.36 86,106 0.14
SYSCO CORP US 1,509 66.76 100,741 0.17
T ROWE PRICE GROUP INC US 1,923 100.12 192,531 0.32
TARGET CORP US 975 80.26 78,254 0.13
TD AMERITRADE HOLDING CORP US 769 49.99 38,442 0.06
TELEPHONE AND DATA SYSTEMS US 4,579 30.73 140,713 0.24
TERADATA CORP US 5,730 43.65 250,115 0.42
TEXAS INSTRUMENTS INC US 2,615 106.07 277,373 0.47
TEXTRON INC US 2,121 50.66 107,450 0.18
TIMKEN CO US 1,117 43.62 48,724 0.08
TJX COMPANIES INC US 5,608 53.21 298,402 0.50
TORCHMARK CORP US 2,659 81.95 217,905 0.37
TORO CO US 100 68.84 6,884 0.01
TRACTOR SUPPLY COMPANY US 193 97.76 18,868 0.03
TRIPADVISOR INC US 1,401 51.45 72,081 0.12
TYSON FOODS INC-CL A US 999 69.43 69,361 0.12
UGI CORP US 5,540 55.42 307,027 0.52
ULTA SALON COSMETICS & FRAGR US 267 348.73 93,111 0.16
UNION PACIFIC CORP US 2,766 167.20 462,475 0.78
UNITED PARCEL SERVICE-CL B US 3,258 111.74 364,049 0.61
UNITED TECHNOLOGIES CORP US 131 128.89 16,885 0.03
UNITEDHEALTH GROUP INC US 1,563 247.26 386,467 0.65
UNUM GROUP US 10,096 33.83 341,548 0.58
US BANCORP US 12,172 48.19 586,569 0.99
VALERO ENERGY CORP US 1,347 84.83 114,266 0.19
VARIAN MEDICAL SYSTEMS INC US 1,520 141.72 215,414 0.36
VEEVA SYSTEMS INC-CLASS A US 1,899 126.86 240,907 0.41
VENTAS INC US 1,767 63.81 112,752 0.19
VERIZON COMMUNICATIONS INC US 8,439 59.13 498,998 0.84
VERTEX PHARMACEUTICALS INC US 1,830 183.95 336,629 0.57
VF CORP US 3,276 86.91 284,717 0.48
VIACOM INC-CLASS A US 4,208 32.45 136,550 0.23
VIACOM INC-CLASS B US 14,226 28.07 399,324 0.67
VMWARE INC-CLASS A US 269 180.51 48,557 0.08
WALGREENS BOOTS ALLIANCE INC US 3,702 63.27 234,226 0.39
WALMART INC US 1,442 97.53 140,638 0.24
WASTE MANAGEMENT INC US 8,068 103.91 838,346 1.41
WEINGARTEN REALTY INVESTORS US 13,969 29.37 410,270 0.69
WESCO INTERNATIONAL INC US 3,159 53.01 167,459 0.28
WEST PHARMACEUTICAL SERVICES US 2,475 110.20 272,745 0.46
WILLIAMS-SONOMA INC US 476 56.27 26,785 0.05
WYNDHAM DESTINATIONS INC US 2,086 40.49 84,462 0.14
XILINX INC US 2,589 126.79 328,259 0.55
ZOETIS INC US 5,147 100.67 518,148 0.87
ZYNGA INC - CL A US 2,602 5.33 13,869 0.02
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 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
2U INC US -2,151 70.85 -152,398 -0.26
AGNC INVESTMENT CORP US -20,343 18.00 -366,174 -0.62
ALCOA CORP US -3,775 28.16 -106,304 -0.18
ALLEGHANY CORP US -46 612.40 -28,170 -0.05
ALNYLAM PHARMACEUTICALS INC US -1,049 93.45 -98,029 -0.17
AMERCO US -548 371.51 -203,587 -0.34
AMERICAN HOMES 4 RENT- A US -5,423 22.72 -123,211 -0.21
AMERICAN WATER WORKS CO INC US -3,076 104.26 -320,704 -0.54
APARTMENT INVT & MGMT CO -A US -975 50.29 -49,033 -0.08
ARCH CAPITAL GROUP LTD BM -7 32.32 -226 0.00
ARCOSA INC US -4,721 30.55 -144,227 -0.24
ASHLAND GLOBAL HOLDINGS INC US -3,746 78.13 -292,675 -0.49
ATMOS ENERGY CORP US -162 102.93 -16,675 -0.03
BLACK KNIGHT INC US -638 54.50 -34,771 -0.06
BLUEBIRD BIO INC US -1,820 157.33 -286,341 -0.48
CAESARS ENTERTAINMENT CORP US -3,822 8.69 -33,213 -0.06
CAMPBELL SOUP CO US -2,310 38.13 -88,080 -0.15
CBOE GLOBAL MARKETS INC US -626 95.44 -59,745 -0.10
COSTAR GROUP INC US -19 466.42 -8,862 -0.01
COVETRUS INC US -3,526 31.85 -112,303 -0.19
CREDIT ACCEPTANCE CORP US -439 451.93 -198,397 -0.33
CUBESMART US -864 32.04 -27,683 -0.05
CYRUSONE INC US -1,832 52.44 -96,070 -0.16
DELL TECHNOLOGIES -C US -1,799 58.69 -105,583 -0.18
DIGITAL REALTY TRUST INC US -626 119.00 -74,494 -0.13
DJX 04/18/19 WC260 04/19/2019 US -290 2.50 -72,500 -0.12
ELASTIC NV US -890 79.87 -71,084 -0.12
ENTERGY CORP US -2,451 95.63 -234,389 -0.39
EVEREST RE GROUP LTD BM -650 215.96 -140,374 -0.24
FIRST REPUBLIC BANK/CA US -4,063 100.46 -408,169 -0.69
FIRST SOLAR INC US -1,462 52.84 -77,252 -0.13
FIRSTENERGY CORP US -4,259 41.61 -177,217 -0.30
FORTIVE CORP US -4,207 83.89 -352,925 -0.59
FRONTDOOR INC US -6,174 34.42 -212,509 -0.36
GARDNER DENVER HOLDINGS INC US -1,074 27.81 -29,868 -0.05
GARRETT MOTION INC CH -19,968 14.73 -294,129 -0.50
GARTNER INC US -341 151.68 -51,723 -0.09
GRAPHIC PACKAGING HOLDING CO US -11,400 12.63 -143,982 -0.24
H&R BLOCK INC US -553 23.94 -13,239 -0.02
HASBRO INC US -717 85.02 -60,959 -0.10
HEICO CORP-CLASS A US -1,864 84.06 -156,688 -0.26
HORMEL FOODS CORP US -607 44.76 -27,169 -0.05
HOWARD HUGHES CORP/THE US -1,547 110.00 -170,170 -0.29
IHS MARKIT LTD GB -606 54.38 -32,954 -0.06
INSULET CORP US -1,589 95.09 -151,098 -0.25
INVITATION HOMES INC US -6,435 24.33 -156,564 -0.26
JBG SMITH PROPERTIES US -2,540 41.35 -105,029 -0.18
KILROY REALTY CORP US -578 75.96 -43,905 -0.07
KOSMOS ENERGY LTD US -15,702 6.23 -97,823 -0.16
LITTELFUSE INC US -395 182.48 -72,080 -0.12
MACERICH CO/THE US -2,227 43.35 -96,540 -0.16
MARKEL CORP US -25 996.24 -24,906 -0.04
MARVELL TECHNOLOGY GROUP LTD US -1,079 19.89 -21,461 -0.04
MATTEL INC US -1,771 13.00 -23,023 -0.04
MOODY'S CORP US -134 181.09 -24,266 -0.04
NEW YORK COMMUNITY BANCORP US -12,423 11.57 -143,734 -0.24
NISOURCE INC US -3,520 28.66 -100,883 -0.17
NUANCE COMMUNICATIONS INC US -5,835 16.93 -98,787 -0.17
OEX 04/18/19 WC1185 04/19/2019 US -41 71.50 -293,150 -0.49
PENUMBRA INC US -270 147.01 -39,693 -0.07
PREMIER INC-CLASS A US -1,768 34.49 -60,978 -0.10
PROOFPOINT INC US -798 121.43 -96,901 -0.16
REALPAGE INC US -1,521 60.69 -92,309 -0.16
RENAISSANCERE HOLDINGS LTD BM -1,849 143.50 -265,332 -0.45
SCOTTS MIRACLE-GRO CO US -215 78.58 -16,895 -0.03
SEALED AIR CORP US -8,049 46.06 -370,737 -0.62
SEMPRA ENERGY US -1,196 125.86 -150,529 -0.25
SERVICEMASTER GLOBAL HOLDING US -8,386 46.70 -391,626 -0.66
SITE CENTERS CORP US -1,465 13.62 -19,953 -0.03
SKECHERS USA INC-CL A US -3,874 33.61 -130,205 -0.22
SPIRIT REALTY CAPITAL INC US -4,598 39.73 -182,679 -0.31
SPX 04/18/19 WC2810 04/20/2019 US -14 47.70 -66,780 -0.11
SPX 04/18/19 WP2815 04/19/2019 US -11 21.79 -23,969 -0.04
SPX 06/21/19 WC3050 06/22/2019 US -22 3.82 -8,404 -0.01
SPXW 03/29/19 WC2805 03/30/2019 US -15 28.95 -43,425 -0.07
SPXW 04/05/19 WC2740 04/06/2019 US -6 90.47 -54,282 -0.09
SPXW 04/12/19 WC2820 04/13/2019 US -14 32.90 -46,060 -0.08
SPXW 04/18/19 WC2760 04/19/2019 US -66 82.38 -543,708 -0.92
SPXW 05/17/19 WC3000 05/18/2019 US -42 2.25 -9,450 -0.02
STERICYCLE INC US -8,397 54.42 -456,965 -0.77
STERLING BANCORP/DE US -9,616 18.63 -179,146 -0.30
SUN COMMUNITIES INC US -371 118.52 -43,971 -0.07
TESLA INC US -349 279.86 -97,671 -0.16
TWO HARBORS INVESTMENT CORP US -2,775 13.53 -37,546 -0.06
UNITED RENTALS INC US -66 114.25 -7,541 -0.01
UNITED THERAPEUTICS CORP US -1,515 117.37 -177,816 -0.30
UNITI GROUP INC US -3,740 11.19 -41,851 -0.07
VEREIT INC US -8,836 8.37 -73,957 -0.12
VIRTU FINANCIAL INC-CLASS A US -3,577 23.75 -84,954 -0.14
VOYA FINANCIAL INC US -4,415 49.96 -220,573 -0.37
WABTEC CORP US -561 73.72 -41,357 -0.07
WESTERN UNION CO US -692 18.47 -12,781 -0.02
WHITE MOUNTAINS INSURANCE GP US -905 925.48 -837,559 -1.41
WP CAREY INC US -5,570 78.33 -436,298 -0.73
ZILLOW GROUP INC - A US -2,232 34.20 -76,334 -0.13
ZILLOW GROUP INC - C US -3,764 34.74 -130,761 -0.22
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

Ryan Brown, CFA

Investment Experience since 2006 

Career Summary 
Wells Capital Management, Inc.
Analytic Investors
Beekman Capital Management 

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

Gregory McMurran

Investment Experience since 1977 

Career Summary 
Wells Capital Management, Inc.
Analytic Investors

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

Fees

Expense Fees for Share Class
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 04/29/2020.

Distributions

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

Resources

Consider Touchstone 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 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

Ready to Continue?

You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com

Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content. 

Are you ready to move forward?