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Touchstone Merger Arbitrage Fund

Touchstone Merger Arbitrage Fund

Daily NAV
$
Overall Morningstar Rating™
Market Neutral

Morningstar

Overall Morningstar Rating™ is calculated against 130 funds in the Market Neutral 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 Longfellow Investment Management Co., LLC 

Objective

The fund seeks to achieve positive absolute returns regardless of market conditions over the long-term by investing primarily in securities of companies that are involved in publicly announced mergers and other corporate reorganizations.

Touchstone Merger Arbitrage Fund Commentary

Investment Style

  • Primarily buys securities of companies being acquired in publicly announced transactions where the terms of the transaction have been defined and disclosed
  • Seeks to capture the arbitrage spread represented by the difference in the market price of the securities of the target company and the value that is offered for these securities by the acquiring company
  • Analyzes a number of factors when selecting securities including proposed financing terms, the size of the transaction, anti-trust concerns, regulatory approvals, and shareholder voting requirements
  • Invests across the entire market-capitalization spectrum with an emphasis on small- and mid-cap companies
  • May invest in a variety of fixed-income securities dependent upon the level of corporate restructuring activity, the market or other conditions
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 invests in foreign securities, including depositary receipts, such as American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in companies that are or expected to be the subject of a publicly announced transaction that may not be completed or may be completed on less favorable terms than originally expected. The Fund invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. The Fund invests in convertible securities which are subject to the risks of both debt securities and equity securities. The Fund invests in debt securities which can lose their value as interest rates rise and are subject to credit risk which is the risk of deterioration in the financial condition of an issuer and/or general economic conditions that can cause the issuer to not make timely payments of principal and interest also causing the securities to decline in value and an investor can lose principal. When interest rates rise, the price of debt securities generally falls. Longer term securities are generally more volatile. The Fund invests in non-investment grade debt securities which are considered speculative with respect to the issuers' ability to make timely payments of interest and principal, may lack liquidity and has had more frequent and larger price changes than other debt securities. The Fund invests in investment grade debt securities which may be downgraded by a Nationally Recognized Statistical Rating Organization (NRSRO) to below investment grade status. The Fund’s investments in other investment companies will be subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolios of such investment companies, and the value of the Fund's investment will fluctuate in response to the performance of such portfolios. In addition, if the Fund acquires shares of investment companies, shareholders of the Fund will bear their proportionate share of the fees and expenses of the Fund and, indirectly, the fees and expenses of the investment 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 restricted securities which may have reduced liquidity and prices that reflect a discount from the market price of comparable securities for which a liquid trading market exists. 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. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers and may be subject to greater risks. 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

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 $50,287,498
Asset Class Multi-Asset / Alternative
Morningstar Category Market Neutral
Benchmark ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Merger Arbitrage Fund -
HISTORICAL DAILY NAV
as of 03/31/2019 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Merger Arbitrage Fund -
Including Sales Charge
Touchstone Merger Arbitrage Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.22% 0.60% 0.60% 2.12% 1.19% 0.74% 0.43% --
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.
as of 03/31/2019 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Merger Arbitrage Fund -
Including Sales Charge
Touchstone Merger Arbitrage Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 2.12% 1.19% 0.74% 0.43% --
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.

Consider Touchstone Merger Arbitrage Fund For Your Portfolio

Touchstones Merger Arbitrage Fund seeks to achieve positive absolute returns regardless of market conditions over the long-term by investing primarily in securities of companies that are involved in publicly announced mergers and other corporate reorganizations.
Contact Us Now

Morningstar Rating™

Portfolio

as of 03/31/2019
New Deals for the Quarter
22
Closed Deals for the Quarter
17
Number of Long Holdings
102
Number of Short Holdings
3
as of 03/31/2019
Security Description % of Portfolio
CAPITOL INVESTMENT CORP IV 4.0
GORES HOLDINGS III INC 3.9
NRC GROUP HLDGS 3.8
SOCIAL CAPITAL HEDOSOPHIA HO 3.7
GORES METROPOULOS INC 3.1
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 03/31/2019
Security Description % of Portfolio
SPDR S&P OIL & GAS EXP & PR -0.9
SPY4/18C2830US 04/18/2019 0.0
SPY4/18P2700US 04/18/2019 0.0
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
ACAMAR PARTNERS ACQUISITION US 128,422 10.00 1,284,220 2.55
AGLITI-CW22 US 197,185 0.50 98,593 0.20
ALLEGRO MERGER CORP US 49,907 10.25 511,547 1.02
ALTA MESA RESOURCES INC-A US 164,499 0.04 6,086 0.01
ALTUS MIDSTREAM CO -A US 14,707 5.90 86,771 0.17
ALTUS MIDSTREAM CO -A US 162,015 0.55 89,108 0.18
AMCI ACQUISITION CORP US 37,978 10.06 382,059 0.76
ARYA SCIENCES ACQUISITION CO US 34,103 10.35 352,966 0.70
AVISTA HE-CW21 US 75,874 0.29 22,003 0.04
BIG ROCK PA-CW22 US 45,200 0.18 8,136 0.02
BIG ROCK PARTNERS ACQUIS-RTS US 88,400 0.29 25,636 0.05
BLACK RIDGE ACQU CORP-RTS US 61,299 0.35 21,455 0.04
BLACK RIDGE-CW US 62,329 0.30 18,699 0.04
CAPITOL INVESTMENT CORP IV US 189,373 10.57 2,001,673 3.98
CELGENE CORP 3.25% 08/15/2022 US 225,000 101.01 227,265 0.45
CF FINANCE ACQUISITION CORP US 94,963 10.20 968,623 1.93
CHASERG TECHNOLOGY ACQUISITI US 53,411 10.10 539,451 1.07
CHURCHILL CAPITAL CORP-A US 43,398 13.44 583,269 1.16
CHURCHILL C-CW23 US 38,108 3.28 124,994 0.25
COLLIER CREEK HOLDINGS US 144,150 10.35 1,491,953 2.97
CONCRETE PUMPING WTS US 895 1.20 1,074 0.00
CONSTEL ALP-CW22 US 399,207 0.12 47,905 0.10
CONSTELLATION ALP CAPIT - R US 180,707 0.13 22,697 0.05
CRESCENT ACQUISITION CORP US 127,000 10.00 1,270,000 2.53
DFB HEALTHCARE ACQUISITIONS US 82,695 10.15 839,354 1.67
DIAMONDPEAK HOLDINGS CORP US 134,328 10.02 1,345,967 2.68
DREYFUS-GOV C-IN US 590,994 1.00 590,994 1.18
FAR POINT ACQUISITION CORP US 110,170 10.30 1,134,751 2.26
FINTECH ACQUISITION CORP III US 100,179 10.19 1,020,824 2.03
FORUM MERGER II CORP US 37,192 10.25 381,218 0.76
GIGCAPITAL INC-UNIT US 27,768 10.90 302,671 0.60
GORES HOLDINGS III INC US 189,861 10.35 1,965,061 3.91
GORES HOLDINGS WTS EXP 3/6 US 33,079 3.00 99,237 0.20
GORES METROPOULOS INC US 152,256 10.24 1,559,101 3.10
GRAF INDUSTRIAL CORP US 73,913 10.12 748,000 1.49
GS ACQUISIT-CW23 US 14,409 1.40 20,173 0.04
GS ACQUISITION HOLDINGS CORP US 126,709 10.49 1,329,177 2.64
GTY TECHNO US 88,638 0.60 53,183 0.11
GTY TECHNOLOGY HOLDINGS IN-A US 26,633 8.80 234,370 0.47
HENNESSY CAPITAL ACQUISITION US 107,618 10.08 1,084,789 2.16
IMMUNE DESIGN CORP US 46,836 5.85 273,991 0.54
LEGACY ACQU-CW22 US 117,836 0.30 35,351 0.07
LEGACY ACQUISITION CORP US 121,904 10.27 1,251,954 2.49
LEISURE ACQUISITION CORP US 49,003 10.20 499,831 0.99
LEO HOLDING-CW23 US 19,010 0.78 14,828 0.03
LEO HOLDINGS CORP GB 61,678 10.36 638,984 1.27
MAGNOLIA OIL & GAS CORP US 24,782 12.00 297,384 0.59
MAGNOLIA OIL & GAS CORP US 8,535 3.39 28,934 0.06
MEDIA GENERAL INC CVR US 208,090 0.10 20,809 0.04
MELLANOX TECHNOLOGIES LTD IL 6,500 118.36 769,340 1.53
MODERN MEDIA ACQUISITION-RTS US 81,914 0.22 18,078 0.04
MODERN MEDI-CW22 US 2,558 0.30 767 0.00
MONOCLE ACQUISITION CORP US 62,500 10.01 625,625 1.24
MOSAIC ACQU-CW22 US 99,756 0.81 81,201 0.16
MOSAIC ACQUISITION CORP US 79,530 10.30 819,159 1.63
MOSAIC ACQUISITION CORP-CL A US 20,295 10.08 204,574 0.41
MUDRICK CAPITAL ACQUISITION US 49,682 10.55 524,145 1.04
NEBULA ACQUISITION CORP US 107,801 10.05 1,083,400 2.15
NRC GROUP HLDGS US 19,200 100.00 1,920,000 3.82
NRC GROUP HOLDINGS CORP US 62,965 8.73 549,684 1.09
NRC GROUP HOLDINGS CORP US 159,597 0.90 143,637 0.29
ONE MADISON CORP-CLASS A US 67,721 10.25 694,140 1.38
ONE MADISON-CW US 67,553 1.13 76,335 0.15
ONESPAWORLD HOLDINGS LTD US 35,207 13.66 480,928 0.96
ONESPAWORLD HOLDINGS LTD WTS US 35,854 2.33 83,540 0.17
PENSARE ACQUI-CW US 127,703 0.20 25,541 0.05
PENSARE ACQUISITION CORP-RTS US 187,804 0.26 48,829 0.10
PIVOTAL ACQUISITION CORP US 105,000 10.15 1,065,750 2.12
PURE ACQUISITION CORP US 107,527 10.51 1,130,109 2.25
REEBONZ HOLDING US 779 11.86 9,239 0.02
REEBONZ WT EXP: 2023 US 36,171 0.06 2,170 0.00
REGALWOOD -CW22 US 48,790 0.90 43,911 0.09
REGALWOOD GLOBAL ENERGY LTD US 103,578 10.32 1,068,925 2.13
RMG ACQUISITION CORP US 83,510 10.03 837,605 1.67
SABAN CAPITAL ACQUISITION US 85,948 0.00 284 0.00
SABAN CAPITAL ACQUISITION-A US 46,503 10.28 478,051 0.95
SENTINEL EN-CW22 US 106,096 0.68 72,145 0.14
SOCIAL CAPI-CW22 US 109,863 0.80 87,890 0.17
SOCIAL CAPITAL HEDOSOPHIA HO US 180,644 10.32 1,864,246 3.71
SPARK THERAPEUTICS INC US 2,939 113.88 334,693 0.67
SPARTAN ENERGY ACQUISITION C US 100,411 10.11 1,015,155 2.02
SPY4/18P2630US 04/18/2019 US 70 0.23 1,610 0.00
SPY4/18P2800US 04/18/2019 US 70 2.02 14,140 0.03
TARGET HOSPITALITY CORP US 32,380 9.50 307,610 0.61
TARGET HOSPITALITY CORP US 39,687 1.55 61,515 0.12
THUNDER BRIDGE A US 151,666 0.72 109,200 0.22
TIBERIUS ACQUISITION CORP US 34,683 10.35 358,969 0.71
TKK SYMPHONY ACQUISITION COR HK 66,173 10.22 676,288 1.34
TPG PACE HOLD-CW US 133,269 1.34 178,580 0.36
TPG PACE HOLDINGS CORP US 14,625 10.66 155,903 0.31
TPG PACE HOLDINGS CORP-CL A US 127,070 10.24 1,301,197 2.59
TRINE ACQUISITION CORP US 100,000 10.02 1,002,000 1.99
TRINITY MER-CW23 US 186,000 0.29 53,940 0.11
TUSCAN HOLDINGS CORP US 76,401 10.39 793,806 1.58
TWELVE SEAS INVESTMENT CO GB 64,428 10.35 666,830 1.33
USG CORP 4.88% 06/01/2027 US 648,000 101.06 654,885 1.30
VANTAGE ENE-CW24 US 164,570 0.23 37,851 0.08
VANTAGE ENERGY ACQUISITION C US 59,800 10.15 606,970 1.21
VECTOIQ AC-CW23 US 99,739 0.40 39,896 0.08
VERRA MOBILITY CORP US 32,850 11.90 390,915 0.78
WAITR HOLDINGS INC US 38,499 12.29 473,153 0.94
WILLIAMS SCOTSMA 7.88% 12/15/2022 US 500,000 103.00 515,000 1.02
SPDR S&P OIL & GAS EXP & PR US -15,003 30.74 -461,192 -0.92
SPY4/18C2830US 04/18/2019 US -35 3.18 -11,130 -0.02
SPY4/18P2700US 04/18/2019 US -140 0.55 -7,700 -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
SPDR S&P OIL & GAS EXP & PR US -15,003 30.74 -461,192 -0.92
SPY4/18C2830US 04/18/2019 US -35 3.18 -11,130 -0.02
SPY4/18P2700US 04/18/2019 US -140 0.55 -7,700 -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.

Management

Management

Actively Managed and Sub-Advised by Longfellow Investment Management Co., LLC
Barbara McKenna

Barbara J. McKenna, CFA 

Investment Experience since 1985 

Career Summary 
Longfellow Investment Management Co., LLC
State Street Research
Standish, Ayer & Wood
BayBank Investment Management
Massachusetts Capital Resource Company 

Education 
MS - Finance, Boston College 
BS - Business Administration, Boston College 
Andrew Bail

Andrew G. Bail

Investment Experience since 2006 

Career Summary 
Longfellow Investment Management Co., LLC
JPMorgan Chase & Co.
Babson Capital Management
The Flatley Co.
Peak6 Investments 

Education 
MBA - Finance, Boston College
BA - John Hopkins University
David Stuehr

David Stuehr, CFA 

Investment Experience since 1986

Career Summary 
Longfellow Investment Management Co., LLC
Hanover Strategic Management
Seneca Capital Management
Standish, Ayer & Wood 

Education 
MS - Finance, Boston College
MA - Economics, Bowling Green State University

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 1.68% for Class A Shares, 2.43% for Class C Shares, 1.43% for Class Y Shares and 1.28% for Class INST Shares. This contractual expense limitation is effective through 01/29/2020.

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 Merger Arbitrage Fund For Your Portfolio

Touchstones Merger Arbitrage Fund seeks to achieve positive absolute returns regardless of market conditions over the long-term by investing primarily in securities of companies that are involved in publicly announced mergers and other corporate reorganizations.
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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