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 Morningstar RatingTM 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.

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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $140,272,668
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 11/30/2018 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 0.21% 0.53% 1.69% 1.80% 0.97% 0.59% 0.36% --
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 09/30/2018 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 1.59% 0.84% 0.52% 0.34% --
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

Portfolio

as of 09/30/2018
New Deals for the Quarter
18
Closed Deals for the Quarter
15
Number of Long Holdings
120
Number of Short Holdings
22
as of 11/30/2018
Security Description % of Portfolio
TRIBUNE MEDIA CO - A 4.3
TWENTY-FIRST CENTURY FOX - B 4.3
MOSAIC ACQUISITION CORP 3.5
HAYMAKER ACQUISITION CORP 2.9
GORES HOLDINGS III INC 2.8
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 11/30/2018
Security Description % of Portfolio
WALT DISNEY CO/THE -1.8
SPDR S&P OIL & GAS EXP & PR -1.2
SIRIUS XM HOLDINGS INC -1.1
CIGNA CORP -1.0
UNITED TECHNOLOGIES CORP -0.8
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AETNA INC US 13,600 202.85 2,758,760 1.97
AKORN INC US 126,138 12.98 1,637,271 1.17
ALLEGRO MERGER CORP US 102,500 10.10 1,035,250 0.74
ALTA MESA HLDGS 7.88% 12/15/2024 US 950,000 95.00 902,500 0.64
ALTA MESA RESOURCES INC US 242,859 4.18 1,015,151 0.72
ALTA MESA RESOURCES INC US 164,499 0.50 82,233 0.06
ANDEAVOR US 25,490 153.50 3,912,715 2.79
AV HOMES INC US 64,228 20.00 1,284,560 0.92
AVISTA CORP US 46,713 50.56 2,361,809 1.68
AVISTA HEALTHCARE WTS US 304,682 0.20 60,936 0.04
BIG ROCK PA-CW22 US 45,200 0.31 14,053 0.01
BIG ROCK PARTNERS ACQUISITIO US 77,654 10.00 776,540 0.55
BIG ROCK PARTNERS ACQUIS-RTS US 90,400 0.41 37,064 0.03
BLACK RIDGE ACQU CORP-RTS US 68,895 0.32 22,177 0.02
BLACK RIDGE-CW US 109,420 0.43 47,051 0.03
CA INC US 65,740 44.15 2,902,421 2.07
CAPITOL INVESTMENT CORP IV US 150,718 10.36 1,561,438 1.11
CAPITOL INVESTMENT CORP IV-A US 83,715 9.90 828,779 0.59
CHURCHILL CAPITAL CORP US 290,600 10.15 2,949,590 2.10
CONSTEL ALP-CW22 US 399,207 0.22 87,826 0.06
CONSTELLATION ALP CAPIT - R US 180,707 0.40 72,283 0.05
CONSTELLATION ALPHA CAPITAL US 134,302 10.12 1,359,136 0.97
CONSUMER DISCRETIONARY SELT US 420 117.22 49,232 0.04
CORESTATES CAPTL 2.88% 02/15/2027 US 500,000 93.00 465,000 0.33
DFB HEALTHCARE ACQUISITIONS US 82,695 10.20 843,489 0.60
DOUBLE EAGLE-CW US 12,570 2.98 37,459 0.03
DRAPER OAKWOOD TECHNOLOGY AC US 72,988 10.70 780,972 0.56
DREYFUS-GOV C-IN US 17,852,576 1.00 17,852,576 12.73
ENERGY XXI GULF COAST INC US 193,750 8.36 1,619,750 1.15
ENVISION HEALTHCARE CORP US 32,100 45.73 1,467,933 1.05
EXPRESS SCRIPTS HOLDING CO US 22,000 95.01 2,090,220 1.49
FAR POINT ACQUISITION CORP US 258,041 10.28 2,652,661 1.89
FEDERAL ACQ-CW22 US 159,507 1.40 223,310 0.16
FEDERAL STREET ACQUISIT-CL A US 257,886 10.07 2,596,912 1.85
FOREST CITY REALTY TRUST- A US 126,610 25.09 3,176,645 2.26
FORUM MERGER II CORP US 98,150 10.10 991,315 0.71
GIGCAPITAL INC-UNIT US 103,030 10.74 1,106,542 0.79
GORES HOLDINGS II INC - A US 179,782 10.62 1,909,285 1.36
GORES HOLDINGS III INC US 325,000 10.22 3,321,500 2.37
GORES HOLDINGS WTS EXP 3/6 US 42,226 2.15 90,786 0.06
GRAMERCY PROPERTY TRUST US 84,010 27.44 2,305,234 1.64
GS ACQUISITION HOLDINGS- A US 65,622 9.75 639,815 0.46
GS ACQUISITION HOLDINGS CORP US 90,714 10.30 934,354 0.67
GTY TECHNO US 92,755 1.25 115,944 0.08
GTY TECHNOLOGY HOLDINGS IN-A US 197,253 10.14 2,000,145 1.43
HAYMAKER ACQUISITION CORP US 327,648 10.27 3,364,945 2.40
HEALTH CARE SELECT SECTOR US 423 95.15 40,248 0.03
HENNESSY CA-CW24 US 137,222 1.50 205,833 0.15
HENNESSY CAPITAL ACQUISITION US 74,143 10.19 755,517 0.54
HL ACQUISITIONS CORP US 82,201 10.20 838,450 0.60
INDUSTREA A-CW24 US 54,508 0.99 53,963 0.04
INDUSTRIAL SELECT SECT SPDR US 156 78.40 12,230 0.01
INVUITY INC US 260,987 7.40 1,931,304 1.38
JPMORGAN CHASE 3.28% 09/30/2034 US 500,000 90.00 450,000 0.32
KAPSTONE PAPER AND PACKAGING US 97,980 33.91 3,322,502 2.37
KAYNE ANDER-CW22 US 157,486 1.25 196,858 0.14
KAYNE ANDERSON ACQUISITION-A US 203,358 10.12 2,057,983 1.47
KLX ENERGY SERVICES HOLDING US 5,440 32.01 174,134 0.12
KLX INC US 13,600 62.78 853,808 0.61
LANDCADIA -CW23 US 100,566 1.19 119,674 0.09
LANDCADIA HOLDINGS INC US 214,415 10.84 2,324,259 1.66
LASALLE HOTEL PROPERTIES US 27,827 34.59 962,536 0.69
LEGACY ACQU-CW22 US 117,936 0.41 48,354 0.03
LEGACY ACQUISITION CORP US 321,241 10.13 3,254,171 2.32
LEISURE ACQUISITION CORP US 136,139 10.15 1,381,811 0.99
LENNAR CORP - B SHS US 10,107 38.50 389,120 0.28
LENNAR CORP-A US 22,400 46.69 1,045,856 0.75
LEO HOLDINGS CORP GB 125,411 10.25 1,285,463 0.92
MAGNOLIA OIL & GAS CORP US 104,267 15.01 1,565,048 1.12
MAGNOLIA OIL & GAS CORP US 48,373 4.70 227,353 0.16
MAGNOLIA OIL 6.00% 08/01/2026 US 2,000,000 99.75 1,995,000 1.42
MATLIN AND -CW21 US 64,100 0.75 48,075 0.03
MEDIA GENERAL INC CVR US 208,090 0.10 20,809 0.01
MITEL NETWORKS CORP CA 146,100 11.02 1,610,022 1.15
MODERN MEDIA ACQUISITION COR US 81,915 10.50 860,108 0.61
MOSAIC ACQUISITION CORP US 409,200 10.18 4,165,656 2.97
MUDRICK CAPITAL ACQUISITION US 113,492 10.18 1,155,349 0.82
NEBULA ACQUISITION CORP US 155,577 10.10 1,571,328 1.12
NEW FRONTIER CORP HK 76,880 10.20 784,176 0.56
NXP SEMICONDUCTORS NV NL 55,413 85.50 4,737,812 3.38
ONE MADISON CORP US 236,188 10.35 2,444,546 1.74
PENSARE ACQUI-CW US 107,893 0.46 49,631 0.04
PENSARE ACQUISITION CORP US 299,131 9.96 2,979,345 2.12
PENSARE ACQUISITION CORP-RTS US 215,786 0.45 97,104 0.07
PLATINUM EAGLE A US 8,037 1.35 10,850 0.01
PLATINUM EAGLE ACQUISITION C US 3,449 9.79 33,766 0.02
PLATINUM EAGLE ACQUISITION C US 159,039 10.08 1,603,113 1.14
PURE ACQUISITION CORP US 304,358 10.31 3,137,931 2.24
REAL ESTATE SELECT SECT SPDR US 1,115 32.61 36,360 0.03
REGALWOOD GLOBAL ENERGY LTD US 111,423 10.28 1,145,428 0.82
RITE AID CORP US 38,366 1.28 49,108 0.04
ROCKWELL COLLINS INC US 21,090 140.47 2,962,512 2.11
SABAN CAPITAL ACQUISITION US 104,594 1.10 115,053 0.08
SABAN CAPITAL ACQUISITION-A US 175,505 10.05 1,763,825 1.26
SBGI10/19C300US 10/19/2018 US 206 0.25 5,150 0.00
SENTINEL ENERGY SERVICES INC US 142,989 10.19 1,457,058 1.04
SOCIAL CAPI-CW22 US 109,903 1.07 117,596 0.08
SOCIAL CAPITAL HEDOSOPHIA HO US 192,344 10.20 1,961,909 1.40
SPARTAN ENERGY ACQUISITION C US 320,000 10.16 3,251,200 2.32
SPARTON CORP US 130,000 14.43 1,875,900 1.34
SPY10/29P2900US 10/29/2018 US 90 2.61 23,490 0.02
TECHNOLOGY SELECT SECT SPDR US 1,947 75.33 146,668 0.10
THUNDER BRIDGE A US 116,000 0.45 52,200 0.04
TIBERIUS ACQUISITION CORP US 28,528 10.10 288,133 0.21
TKK SYMPHONY ACQUISITION COR HK 163,684 10.10 1,653,208 1.18
TPG PACE HOLD-CW US 128,175 1.75 224,306 0.16
TPG PACE HOLDINGS CORP-CL A US 308,226 10.07 3,103,836 2.21
TRIBUNE MEDIA CO - A US 124,510 38.43 4,784,919 3.41
TRINITY MERGER CORP US 74,079 10.20 755,606 0.54
TWELVE SEAS INVESTMENT CO GB 121,591 10.20 1,240,228 0.88
TWENTY-FIRST CENTURY FOX - B US 101,895 45.82 4,668,829 3.33
UNIVERSAL HOSP 7.63% 08/15/2020 US 329,000 100.13 329,411 0.23
USG CORP US 11,990 43.31 519,287 0.37
USG CORP 4.88% 06/01/2027 US 648,000 101.10 655,134 0.47
VANTAGE ENE-CW24 US 85,539 1.50 128,309 0.09
VANTAGE ENERGY ACQUISITION-A US 319,275 9.95 3,176,786 2.26
VECTOIQ AC-CW23 US 99,739 0.59 58,846 0.04
WILLIAMS SCOTSMA 7.88% 12/15/2022 US 900,000 103.00 927,000 0.66
WILLIAMS SCOTSMAN INTL INC 6.88% 08/15/2023 US 1,250,000 99.25 1,240,625 0.88
XCERRA CORP US 50,350 14.27 718,495 0.51
CIGNA CORP US -5,355 208.25 -1,115,179 -0.80
COHU INC US -10,621 25.10 -266,587 -0.19
CONSUMER STAPLES SPDR US -223 53.93 -12,026 -0.01
CVS HEALTH CORP US -11,396 78.72 -897,093 -0.64
ENERGY SELECT SECTOR SPDR US -1,974 75.74 -149,511 -0.11
FINANCIAL SELECT SECTOR SPDR US -233 27.58 -6,426 0.00
ISHARES US TELECOMMUNICATION US -1,813 29.74 -53,919 -0.04
KLX ENERGY SERVICES HOLDING US -5,440 32.01 -174,134 -0.12
KLX INC- WHEN ISSUED US -13,600 62.78 -853,808 -0.61
LENNAR CORP - B SHS US -607 38.50 -23,370 -0.02
LENNAR CORP-A US -22,400 46.69 -1,045,856 -0.75
MARATHON PETROLEUM CORP US -40,519 79.97 -3,240,304 -2.31
MATERIALS SELECT SECTOR SPDR US -364 57.93 -21,087 -0.02
SBGI10/19P280US 10/19/2018 US -206 0.85 -17,510 -0.01
SINCLAIR BROADCAST GROUP -A US -20,600 28.35 -584,010 -0.42
SPDR S&P 500 ETF TRUST US -23,000 290.72 -6,686,560 -4.77
SPDR S&P OIL & GAS EXP & PR US -42,000 43.29 -1,818,180 -1.30
SPY10/29P2850US 10/29/2018 US -180 1.51 -27,180 -0.02
SPY9/28P2850US 10/01/2018 US -140 0.01 -140 0.00
UNITED TECHNOLOGIES CORP US -7,869 139.81 -1,100,165 -0.78
UTILITIES SELECT SECTOR SPDR US -540 52.65 -28,431 -0.02
WALT DISNEY CO/THE US -18,280 116.94 -2,137,663 -1.52
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
CIGNA CORP US -5,355 208.25 -1,115,179 -0.80
COHU INC US -10,621 25.10 -266,587 -0.19
CONSUMER STAPLES SPDR US -223 53.93 -12,026 -0.01
CVS HEALTH CORP US -11,396 78.72 -897,093 -0.64
ENERGY SELECT SECTOR SPDR US -1,974 75.74 -149,511 -0.11
FINANCIAL SELECT SECTOR SPDR US -233 27.58 -6,426 0.00
ISHARES US TELECOMMUNICATION US -1,813 29.74 -53,919 -0.04
KLX ENERGY SERVICES HOLDING US -5,440 32.01 -174,134 -0.12
KLX INC- WHEN ISSUED US -13,600 62.78 -853,808 -0.61
LENNAR CORP - B SHS US -607 38.50 -23,370 -0.02
LENNAR CORP-A US -22,400 46.69 -1,045,856 -0.75
MARATHON PETROLEUM CORP US -40,519 79.97 -3,240,304 -2.31
MATERIALS SELECT SECTOR SPDR US -364 57.93 -21,087 -0.02
SBGI10/19P280US 10/19/2018 US -206 0.85 -17,510 -0.01
SINCLAIR BROADCAST GROUP -A US -20,600 28.35 -584,010 -0.42
SPDR S&P 500 ETF TRUST US -23,000 290.72 -6,686,560 -4.77
SPDR S&P OIL & GAS EXP & PR US -42,000 43.29 -1,818,180 -1.30
SPY10/29P2850US 10/29/2018 US -180 1.51 -27,180 -0.02
SPY9/28P2850US 10/01/2018 US -140 0.01 -140 0.00
UNITED TECHNOLOGIES CORP US -7,869 139.81 -1,100,165 -0.78
UTILITIES SELECT SECTOR SPDR US -540 52.65 -28,431 -0.02
WALT DISNEY CO/THE US -18,280 116.94 -2,137,663 -1.52
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
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.

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.

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?