Touchstone Merger Arbitrage Fund

Touchstone Merger Arbitrage Fund

Daily NAV
$
Overall Morningstar RatingTM
Market Neutral

Morningstar

Overall Morningstar RatingTM is calculated against 129 funds in the Market Neutral category.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35%receive three stars, the next 22.5% receive two stars, and the bottom 10%receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

Class A Shares star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms.

Overview

Overview

Actively Managed and Sub-Advised by 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 ADRs, GDRs and EDRs, 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 other investment companies such as closed-end funds and ETFs which are subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolios; however, the price movements of the investment companies may not track the underlying securities or market index; the value of their shares may be lower than the value of the portfolio securities, and may be illiquid and shareholders will bear, indirectly, the additional expenses of investing in other 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 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 the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2018
Total Fund Net Assets as of 06/30/2018 $173,403,527
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 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Merger Arbitrage Fund -
HISTORICAL DAILY NAV
as of 08/31/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Merger Arbitrage Fund -
Including Sales Charge
Touchstone Merger Arbitrage Fund -
Excluding Sales Charge
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index 0.18% 0.51% 1.15% 1.52% 0.79% 0.49% 0.36% --
as of 06/30/2018 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 1.36% 0.68% 0.42% 0.35% --
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A shares of Touchstone Equity Funds is 5.75%.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C shares is adjusted for the contingent deferred sales charges in effect at the end of the specified period. The contingent deferred sales charge for Class C shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class Y shares are sold at NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.

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

Portfolio

as of 06/30/2018
New Deals for the Quarter
25
Closed Deals for the Quarter
24
Number of Long Holdings
116
Number of Short Holdings
26
as of 08/31/2018
Security Description % of Portfolio
NXP SEMICONDUCTORS NV 3.5
TRIBUNE MEDIA CO - A 3.1
TWENTY-FIRST CENTURY FOX - B 3.1
MOSAIC ACQUISITION CORP 2.9
XL GROUP LTD 2.7
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 08/31/2018
Security Description % of Portfolio
SPDR S&P 500 ETF TRUST -4.5
MARATHON PETROLEUM CORP -2.3
WALT DISNEY CO/THE -1.4
SPDR S&P OIL & GAS EXP & PR -1.2
BROOKFIELD PROPERTY REIT - WHE -1.0
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AKORN INC US 126,138 16.59 2,092,629 1.21
ALTA MESA HLDGS 7.88% 12/15/2024 US 950,000 105.88 1,005,813 0.58
ALTA MESA RESOURCES INC US 240,436 6.81 1,637,369 0.94
ALTA MESA RESOURCES INC US 164,499 1.40 230,299 0.13
ANDEAVOR US 18,490 131.18 2,425,518 1.40
AT&T INC US 26,646 32.11 855,603 0.49
AVISTA CORP US 46,713 52.66 2,459,907 1.42
AVISTA HEALTHCARE WTS US 306,682 0.46 141,074 0.08
BIG ROCK PARTNERS ACQUISITIO US 100,400 10.45 1,049,180 0.61
BLACK RIDGE ACQU CORP-RTS US 68,895 0.30 20,669 0.01
BLACK RIDGE-CW US 109,420 0.25 27,355 0.02
CAPITOL INVESTMENT CORP IV US 185,312 10.30 1,908,714 1.10
CAPITOL INVESTMENT CORP IV-A US 176,350 9.85 1,737,048 1.00
CAVIUM INC US 30,830 86.50 2,666,795 1.54
CONSTEL ALP-CW22 US 499,683 0.32 159,899 0.09
CONSTELLATION ALP CAPIT - R US 292,203 0.42 122,725 0.07
CONSTELLATION ALPHA CAPITAL US 258,614 9.95 2,573,209 1.48
CONSUMER DISCRETIONARY SELT US 865 109.30 94,545 0.05
CORESTATES CAPTL 2.41% 02/15/2027 US 500,000 93.00 465,000 0.27
DFB HEALTHCARE ACQUISITIONS US 88,256 10.13 894,033 0.52
DOUBLE EAGLE-CW US 45,667 2.26 103,207 0.06
DR PEPPER SNAPPLE GROUP INC US 20,800 122.00 2,537,600 1.46
DRAPER OAKWOOD TECHNOLOGY AC US 74,275 10.50 779,888 0.45
DRAPER OAKWOOD TECHNOLOGY-A US 81,899 9.98 817,352 0.47
DREYFUS-GOV C-IN US 20,941,420 1.00 20,941,420 12.08
FAR POINT ACQUISITION CORP US 315,000 10.19 3,209,850 1.85
FEDERAL ACQ-CW22 US 189,101 1.20 226,921 0.13
FEDERAL STREET ACQUISIT-CL A US 490,614 9.77 4,793,299 2.76
FINANCIAL SELECT SECTOR SPDR US 1,112 26.59 29,568 0.02
FOUNDATION MEDICINE INC US 14,850 136.70 2,029,995 1.17
GIGCAPITAL INC-UNIT US 119,397 10.50 1,253,669 0.72
GORES HOLDINGS II INC - A US 272,605 10.17 2,772,393 1.60
GORES HOLDINGS WTS EXP 3/6 US 50,425 1.60 80,680 0.05
GRAMERCY PROPERTY TRUST US 64,510 27.32 1,762,413 1.02
GS ACQUISITION HOLDINGS CORP US 80,000 10.20 816,000 0.47
GSCCRE COMMERCIAL MORTGAGE TRU 4.67% 08/15/2032 US 1,320,000 100.27 1,323,568 0.00
GTY TECHNO US 59,477 1.25 74,346 0.04
GTY TECHNOLOGY HOLDINGS IN-A US 370,266 10.06 3,724,876 2.15
HAYMAKER ACQUISITION CORP US 426,711 10.00 4,267,110 2.46
HEALTH CARE SELECT SECTOR US 81 83.46 6,760 0.00
HENNESSY CA-CW24 US 41,825 1.44 60,228 0.03
HENNESSY CAPITAL ACQUISITION US 70,002 10.14 709,820 0.41
HENNESSY CAPITAL ACQUISITION US 127,196 11.15 1,418,235 0.82
HL ACQUISITIONS US 125,000 10.06 1,257,500 0.73
INDUSTREA A-CW24 US 75,000 0.55 41,250 0.02
INDUSTRIAL SELECT SECT SPDR US 29 71.63 2,077 0.00
JPMORGAN CHASE 3.25% 09/30/2034 US 500,000 92.75 463,750 0.27
KAPSTONE PAPER AND PACKAGING US 97,980 34.50 3,380,310 1.95
KAYNE ANDER-CW22 US 141,229 1.20 169,475 0.10
KAYNE ANDERSON ACQUISITION-A US 406,346 9.81 3,986,254 2.30
KINDRED HEALTHCARE INC US 162,621 9.00 1,463,589 0.84
LANDCADIA -CW23 US 83,293 0.80 66,634 0.04
LANDCADIA HOLDINGS INC US 318,291 10.13 3,224,288 1.86
LASALLE HOTEL PROPERTIES US 63,500 34.23 2,173,605 1.25
LEGACY ACQU-CW22 US 152,961 0.43 65,773 0.04
LEGACY ACQUISITION CORP US 383,027 10.02 3,837,931 2.21
LEISURE ACQUISITION CORP US 169,962 10.00 1,699,620 0.98
LENNAR CORP - B SHS US 10,107 42.69 431,468 0.25
LENNAR CORP-A US 22,400 52.50 1,176,000 0.68
LEO HOLDINGS CORP GB 176,897 10.17 1,799,042 1.04
MATLIN AND -CW21 US 376,292 0.65 244,590 0.14
MATLIN AND PARTNERS ACQUIS-A US 457,029 9.87 4,510,876 2.60
MEDIA GENERAL INC CVR US 208,090 0.10 20,809 0.01
MODERN MEDIA ACQUISITION COR US 96,765 10.70 1,035,386 0.60
MOSAIC ACQUISITION CORP US 479,200 10.02 4,801,584 2.77
MTGE INVESTMENT CORP US 22,360 19.60 438,256 0.25
MUDRICK CAPITAL ACQUISITION US 140,271 10.25 1,437,778 0.83
NEBULA ACQUISITION CORP US 170,000 10.07 1,711,900 0.99
NEW FRONTIER COR HK 150,000 10.05 1,507,500 0.87
NEXSTAR BROADC 6.13% 02/15/2022 US 750,000 102.25 766,875 0.44
NXP SEMICONDUCTORS NV NL 55,413 109.27 6,054,979 3.49
ONE MADISON CORP US 261,504 10.10 2,641,190 1.52
PENSARE ACQUI-CW US 107,893 0.64 69,052 0.04
PENSARE ACQUISITION CORP US 325,286 9.91 3,223,584 1.86
PENSARE ACQUISITION CORP-RTS US 215,786 0.45 97,104 0.06
PINNACLE FOODS INC US 22,260 65.06 1,448,236 0.84
PLATINUM EAGLE A US 8,137 1.40 11,392 0.01
PLATINUM EAGLE ACQUISITION C US 15,244 9.72 148,172 0.09
PLATINUM EAGLE ACQUISITION C US 218,327 10.05 2,194,186 1.27
PURE ACQUISITION CORP US 441,932 10.25 4,529,803 2.61
REGALWOOD GLOBAL ENERGY LTD US 125,062 10.13 1,266,878 0.73
RITE AID CORP US 525,002 1.73 908,253 0.52
ROCKWELL COLLINS INC US 9,990 134.68 1,345,453 0.78
RSP PERMIAN INC US 61,750 44.02 2,718,235 1.57
SABAN CAPITAL ACQUISITION CO US 34,950 10.64 371,868 0.21
SABAN CAPITAL ACQUISITION-A US 222,960 10.08 2,247,437 1.30
SENTINEL ENERGY SERVICES INC US 238,176 10.09 2,403,196 1.39
SILGAN HOLDINGS 5.50% 02/01/2022 US 1,000,000 101.00 1,010,000 0.58
SOCIAL CAPITAL HEDOSOPHIA HO US 120,447 10.97 1,321,304 0.76
SPARTON CORP US 130,000 18.99 2,468,700 1.42
SPDR S&P 500 ETF TRUST US 5,000 271.28 1,356,400 0.78
SPY6/29P2750US 07/03/2018 US 70 3.76 26,320 0.02
SPY7/11P2700US 07/11/2018 US 50 1.84 9,200 0.01
SPY7/20P2720US 07/20/2018 US 78 3.35 26,130 0.02
TECHNOLOGY SELECT SECT SPDR US 2,343 69.47 162,768 0.09
THUNDER BRIDGE ACQUISITION US 74,295 10.04 745,922 0.43
TIBERIUS ACQUISITION CORP US 102,675 10.15 1,042,151 0.60
TPG PACE ENERGY US 106,873 2.75 293,901 0.17
TPG PACE ENERGY HOLDINGS - A US 224,704 10.87 2,442,532 1.41
TPG PACE HOLD-CW US 133,836 1.65 220,829 0.13
TPG PACE HOLDINGS CORP-CL A US 429,019 9.93 4,260,159 2.46
TRIBUNE MEDIA CO - A US 124,510 38.27 4,764,998 2.75
TRINITY MERGER CORP US 253,884 10.06 2,554,073 1.47
TWELVE SEAS INVESTMENT CO GB 170,000 10.06 1,710,200 0.99
TWENTY-FIRST CENTURY FOX - B US 101,895 49.27 5,020,367 2.90
USG CORP US 11,990 43.12 517,009 0.30
USG CORP 4.88% 06/01/2027 US 648,000 102.25 662,580 0.38
VALIDUS HOLDINGS LTD BM 56,075 67.60 3,790,670 2.19
VANTAGE ENE-CW24 US 107,685 0.96 103,055 0.06
VANTAGE ENERGY ACQUISITION-A US 459,008 9.84 4,516,639 2.60
VECTOIQ ACQUISITION CORP US 81,145 10.06 816,319 0.47
VERIFONE SYSTEMS INC US 77,074 22.82 1,758,829 1.01
WEB.COM GROUP INC US 68,400 25.85 1,768,140 1.02
WGL HOLDINGS INC US 46,815 88.75 4,154,831 2.40
WILLIAMS SCOTSMA 7.88% 12/15/2022 US 900,000 103.50 931,500 0.54
XL GROUP LTD BM 68,795 55.95 3,849,080 2.22
ANNALY CAPITAL MANAGEMENT IN US -21,285 10.29 -219,023 -0.13
CONAGRA BRANDS INC US -14,458 35.73 -516,584 -0.30
CONCHO RESOURCES INC US -19,760 138.35 -2,733,796 -1.58
CONSUMER STAPLES SPDR US -291 51.53 -14,995 -0.01
DPS7/20C1200US 07/20/2018 US -208 2.35 -48,880 -0.03
ENERGY SELECT SECTOR SPDR US -2,501 75.94 -189,926 -0.11
ISHARES US TELECOMMUNICATION US -243 27.57 -6,700 0.00
LENNAR CORP - B SHS US -607 42.69 -25,913 -0.01
LENNAR CORP-A US -22,400 52.50 -1,176,000 -0.68
MARATHON PETROLEUM CORP US -29,392 70.16 -2,062,143 -1.19
MARVELL TECHNOLOGY GROUP LTD BM -67,078 21.44 -1,438,152 -0.83
MATERIALS SELECT SECTOR SPDR US -269 58.07 -15,621 -0.01
REAL ESTATE SELECT SECT SPDR US -1,761 32.71 -57,602 -0.03
SINCLAIR BROADCAST GROUP -A US -28,639 32.15 -920,744 -0.53
SPDR S&P 500 ETF TRUST US -23,000 271.28 -6,239,440 -3.60
SPDR S&P OIL & GAS EXP & PR US -42,000 43.06 -1,808,520 -1.04
SPY6/29P2700US 07/03/2018 US -140 0.01 -140 0.00
SPY6/29P2740US 07/03/2018 US -78 2.66 -20,748 -0.01
SPY7/03P2730US 07/03/2018 US -102 2.12 -21,624 -0.01
SPY7/11C2720US 07/11/2018 US -50 2.16 -10,800 -0.01
SPY7/11P2630US 07/11/2018 US -50 0.61 -3,050 0.00
SPY7/20C2740US 07/20/2018 US -78 2.01 -15,678 -0.01
SPY7/20P2650US 07/20/2018 US -78 1.56 -12,168 -0.01
UNITED TECHNOLOGIES CORP US -3,750 125.03 -468,863 -0.27
UTILITIES SELECT SECTOR SPDR US -390 51.96 -20,264 -0.01
WALT DISNEY CO/THE US -18,280 104.81 -1,915,927 -1.10
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ANNALY CAPITAL MANAGEMENT IN US -21,285 10.29 -219,023 -0.13
CONAGRA BRANDS INC US -14,458 35.73 -516,584 -0.30
CONCHO RESOURCES INC US -19,760 138.35 -2,733,796 -1.58
CONSUMER STAPLES SPDR US -291 51.53 -14,995 -0.01
DPS7/20C1200US 07/20/2018 US -208 2.35 -48,880 -0.03
ENERGY SELECT SECTOR SPDR US -2,501 75.94 -189,926 -0.11
ISHARES US TELECOMMUNICATION US -243 27.57 -6,700 0.00
LENNAR CORP - B SHS US -607 42.69 -25,913 -0.01
LENNAR CORP-A US -22,400 52.50 -1,176,000 -0.68
MARATHON PETROLEUM CORP US -29,392 70.16 -2,062,143 -1.19
MARVELL TECHNOLOGY GROUP LTD BM -67,078 21.44 -1,438,152 -0.83
MATERIALS SELECT SECTOR SPDR US -269 58.07 -15,621 -0.01
REAL ESTATE SELECT SECT SPDR US -1,761 32.71 -57,602 -0.03
SINCLAIR BROADCAST GROUP -A US -28,639 32.15 -920,744 -0.53
SPDR S&P 500 ETF TRUST US -23,000 271.28 -6,239,440 -3.60
SPDR S&P OIL & GAS EXP & PR US -42,000 43.06 -1,808,520 -1.04
SPY6/29P2700US 07/03/2018 US -140 0.01 -140 0.00
SPY6/29P2740US 07/03/2018 US -78 2.66 -20,748 -0.01
SPY7/03P2730US 07/03/2018 US -102 2.12 -21,624 -0.01
SPY7/11C2720US 07/11/2018 US -50 2.16 -10,800 -0.01
SPY7/11P2630US 07/11/2018 US -50 0.61 -3,050 0.00
SPY7/20C2740US 07/20/2018 US -78 2.01 -15,678 -0.01
SPY7/20P2650US 07/20/2018 US -78 1.56 -12,168 -0.01
UNITED TECHNOLOGIES CORP US -3,750 125.03 -468,863 -0.27
UTILITIES SELECT SECTOR SPDR US -390 51.96 -20,264 -0.01
WALT DISNEY CO/THE US -18,280 104.81 -1,915,927 -1.10
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management

Actively Managed and Sub-Advised by Longfellow Investment Management Co., LLC
Alexander Graham

Alexander R. Graham, CAIA

Investment Experience since 1993

Career Summary 
Longfellow Investment Management Co., LLC
Boston Safe Deposit & Trust
Pioneer Group 

Education 
BS - Finance, University of Massachusetts at Lowell
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 01/29/2019.
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

Distributions

Capital Gain and Income Distribution as of
Pay Date Income Distribution Short Term Capital Gains Per Share Long Term Capital Gains Per Share Total Capital Gains Per Share
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

Resources

Consider Touchstone 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.

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?