Skip to Main Navigation Skip to Main Content

Touchstone Ohio Tax-Free Bond Fund

Daily NAV
$
Overall Morningstar Rating™
Muni Ohio

Overview

Overview

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc. 

Objective

The fund seeks the highest level of interest income exempt from federal income and Ohio personal income taxes, consistent with the protection of capital by investing primarily in high-quality, long-term Ohio municipal obligations.

Ohio Tax-Free Bond Fund Commentary

Investment Style

  • Reviews various economic reports, yield-curve analysis and other market indicators in an effort to identify trends and relative value in the marketplace
  • Conducts macroeconomic analysis and yield-curve analysis in an effort to gain insight into the current trends and future expectations
  • Assesses municipal market variables—including supply and demand, cash flows, yield spreads and credit spreads—in an effort to identify which sectors represent the most potential value
A WORD ABOUT RISK

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 is subject to prepayment risk which is when a debt security may be paid off and proceeds invested earlier than anticipated. 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 invests in municipal securities which may be affected by uncertainties in the municipal market related to legislation or litigation involving the taxation of municipal securities or the rights of municipal security holders in the event of bankruptcy and may not be able to meet their obligations. Political and economic conditions in the State of Ohio may impact the value of Ohio municipal obligations which may lose value due to decreased economic growth, increased unemployment and decreased tax revenue. 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

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2019
Total Fund Net Assets as of 06/30/2019 $47,177,827
Asset Class Income
Morningstar Category Muni Ohio
Benchmark Bloomberg Barclays Municipal Bond Index
Distribution Frequency Monthly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Ohio Tax-Free Bond Fund -
HISTORICAL DAILY NAV
as of 07/31/2019
1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Ohio Tax-Free Bond Fund -
Including Sales Charge
Touchstone Ohio Tax-Free Bond Fund -
Excluding Sales Charge
Bloomberg Barclays Municipal Bond Index 0.81% 2.57% 5.94% 7.31% 2.80% 3.77% 4.63% --
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 Fixed Income Funds including Touchstone Flexible Income Fund is 2.00%.
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 C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 04/01/85, with the performance since the inception date of each share class.
as of 06/30/2019
1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Ohio Tax-Free Bond Fund -
Including Sales Charge
Touchstone Ohio Tax-Free Bond Fund -
Excluding Sales Charge
Bloomberg Barclays Municipal Bond Index 6.71% 2.55% 3.64% 4.72% --
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 Fixed Income Funds including Touchstone Flexible Income Fund is 2.00%.
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 C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 04/01/85, with the performance since the inception date of each share class.

Consider Touchstone Ohio Tax-Free Bond Fund for Your Portfolio

Touchstone Ohio Tax-Free Bond Fund seeks the highest level of interest income exempt from federal income and Ohio personal income taxes, consistent with the protection of capital by investing primarily in high-quality, long-term Ohio municipal obligations. 
Contact Us Now

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
65
Weighted Average Effective Maturity
13.3 Years
Weighted Average Effective Duration
4.8 Years
as of 06/30/2019
Credit Quality % of Portfolio
AAA/Aaa 9.0
AA/Aa 69.8
A/A 15.3
BBB/Baa 5.0
Not Rated 0.9
Data may not total due to rounding. The ratings agencies that provided the ratings are Standard & Poor's and Moody's Investors Service. When ratings vary, the highest rating is used. Credit ratings of A or better are considered to be high credit quality; credit ratings of BBB are good credit quality, and the lowest category of investment grade; credit ratings BB and below are lower-rated securities ("junk bonds"); and credit ratings of CCC or below have high default risk. Where no rating has been assigned, it could be for reasons unrelated to the creditworthiness of the issuer. The credit quality ratings apply only to the credit worthiness of the issuers of the underlying securities and not the fund or its shares.  Ratings are subject to change.  
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2019
Sector % of Portfolio
Education 23.4
General Obligations 21.5
Hospital/Healthcare 19.1
IDR/EDR 9.6
Miscellaneous 9.0
Prerefunded/Escrowed to Maturity 8.5
Lease Revenue 5.3
Water and Sewer 2.3
Transportation 1.3
Housing 0.0
Utilities 0.0
Insured 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 07/31/2019
Security Description % of Portfolio
CITY OF CINCINNATI OH 5.00% 11/01/2033 4.5
CINCINNATI CITY SCHOOL DISTRIC 5.00% 06/01/2031 3.2
BRECKSVILLE-BROADVIEW HEIGHTS 5.00% 12/01/2038 3.0
COUNTY OF BUTLER OH 5.00% 05/15/2030 2.7
CITY OF CINCINNATI OH 5.00% 11/01/2035 2.6
STATE OF OHIO 5.00% 12/01/2036 2.6
COUNTY OF HAMILTON OH 5.00% 05/15/2033 2.6
UNIVERSITY OF CINCINNATI 5.00% 06/01/2037 2.5
COUNTY OF HAMILTON OH 5.00% 12/01/2037 2.5
COUNTY OF HAMILTON OH 5.00% 06/01/2033 2.4
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. 
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2019
Security Description
Country
Coupon Rate (%)
Maturity Date
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ATHENS CITY SCHOOL DISTRICT 4.00% 12/01/2040 US 4.000 12/01/2040 400,000 110.85 443,400 0.94
BOWLING GREEN CITY SCHOOL DIST 5.00% 12/01/2034 US 5.000 12/01/2034 345,000 116.24 401,035 0.85
BRECKSVILLE-BROADVIEW HEIGHTS 5.00% 12/01/2038 US 5.000 12/01/2038 1,250,000 112.71 1,408,863 2.99
CINCINNATI CITY SCHOOL DISTRIC 5.00% 06/01/2031 US 5.000 06/01/2031 1,500,000 103.40 1,550,940 3.29
CITY OF CINCINNATI OH 5.00% 11/01/2033 US 5.000 11/01/2033 2,000,000 107.53 2,150,640 4.56
CITY OF CINCINNATI OH 5.00% 11/01/2035 US 5.000 11/01/2035 1,085,000 116.08 1,259,446 2.67
CITY OF CINCINNATI OH WATER SY 5.00% 12/01/2035 US 5.000 12/01/2035 475,000 118.28 561,849 1.19
CITY OF CLEVELAND OH AIRPORT S 5.00% 01/01/2037 US 5.000 01/01/2037 500,000 120.19 600,950 1.27
CITY OF CLEVELAND OH INCOME TA 5.00% 10/01/2029 US 5.000 10/01/2029 750,000 118.53 888,953 1.88
CITY OF DAYTON OH WATER SYSTEM 4.00% 12/01/2030 US 4.000 12/01/2030 200,000 112.99 225,988 0.48
CITY OF DUBLIN OH 5.00% 12/01/2035 US 5.000 12/01/2035 500,000 124.33 621,670 1.32
CITY OF GREEN OH 4.00% 12/01/2030 US 4.000 12/01/2030 1,000,000 107.47 1,074,650 2.28
CITY OF LAKEWOOD OH 5.00% 12/01/2036 US 5.000 12/01/2036 500,000 118.32 591,595 1.25
CITY OF MIDDLEBURG HEIGHTS OH 5.13% 08/01/2031 US 5.130 08/01/2031 750,000 106.58 799,313 1.69
CITY OF UPPER ARLINGTON OH 4.00% 12/01/2032 US 4.000 12/01/2032 300,000 110.14 330,414 0.70
CLERMONT COUNTY PORT AUTHORITY 5.00% 12/01/2035 US 5.000 12/01/2035 200,000 115.67 231,342 0.49
CLEVELAND DEPARTMENT OF PUBLIC 4.00% 01/01/2034 US 4.000 01/01/2034 265,000 107.17 284,008 0.60
COUNTY OF BUTLER OH 5.00% 05/15/2030 US 5.000 05/15/2030 1,000,000 129.72 1,297,170 2.75
COUNTY OF BUTLER OH 5.25% 04/01/2031 US 5.250 04/01/2031 500,000 105.54 527,710 1.12
COUNTY OF CUYAHOGA OH 5.00% 12/01/2032 US 5.000 12/01/2032 1,000,000 112.42 1,124,200 2.38
COUNTY OF CUYAHOGA OH 5.00% 12/01/2034 US 5.000 12/01/2034 500,000 115.83 579,160 1.23
COUNTY OF FRANKLIN OH 4.00% 11/01/2036 US 4.000 11/01/2036 550,000 109.53 602,399 1.28
COUNTY OF FRANKLIN OH 4.75% 11/01/2029 US 4.750 11/01/2029 500,000 101.10 505,495 1.07
COUNTY OF FRANKLIN OH SALES TA 4.00% 06/01/2033 US 4.000 06/01/2033 970,000 114.05 1,106,285 2.34
COUNTY OF HAMILTON OH 5.00% 02/01/2030 US 5.000 02/01/2030 500,000 112.67 563,325 1.19
COUNTY OF HAMILTON OH 5.00% 05/15/2033 US 5.000 05/15/2033 1,080,000 113.16 1,222,106 2.59
COUNTY OF HAMILTON OH 5.00% 05/15/2034 US 5.000 05/15/2034 625,000 112.80 705,025 1.49
COUNTY OF HAMILTON OH 5.00% 06/01/2030 US 5.000 06/01/2030 1,000,000 103.13 1,031,270 2.19
COUNTY OF HAMILTON OH 5.00% 06/01/2033 US 5.000 06/01/2033 1,000,000 115.68 1,156,770 2.45
COUNTY OF HAMILTON OH 5.00% 12/01/2037 US 5.000 12/01/2037 1,000,000 120.45 1,204,480 2.55
COUNTY OF HAMILTON OH 5.25% 06/01/2032 US 5.250 06/01/2032 1,000,000 109.14 1,091,350 2.31
COUNTY OF MIAMI OH 5.00% 08/01/2035 US 5.000 08/01/2035 215,000 119.04 255,940 0.54
COUNTY OF MONTGOMERY OH 5.25% 05/01/2029 US 5.250 05/01/2029 350,000 114.96 402,367 0.85
COUNTY OF MONTGOMERY OH 5.25% 05/01/2029 US 5.250 05/01/2029 650,000 115.36 749,840 1.59
GREENE COUNTY VOCATIONAL SCHOO 4.00% 12/01/2037 US 4.000 12/01/2037 500,000 111.70 558,485 1.18
KENT STATE UNIVERSITY 4.50% 05/01/2032 US 4.500 05/01/2032 1,000,000 106.89 1,068,860 2.27
LAKEWOOD CITY SCHOOL DISTRICT 5.00% 11/01/2033 US 5.000 11/01/2033 250,000 112.12 280,310 0.59
LEXINGTON LOCAL SCHOOL DISTRIC 4.00% 10/01/2039 US 4.000 10/01/2039 300,000 110.63 331,890 0.70
LICKING HEIGHTS LOCAL SCHOOL D 6.40% 12/01/2028 US 6.400 12/01/2028 840,000 126.24 1,060,416 2.25
MIAMI TRACE LOCAL SCHOOL DISTR 5.00% 12/01/2035 US 5.000 12/01/2035 435,000 116.97 508,815 1.08
MIAMI UNIVERSITY/OXFORD OH 5.00% 09/01/2035 US 5.000 09/01/2035 570,000 118.52 675,547 1.43
MIAMI VALLEY CAREER TECHNOLOGY 4.00% 12/01/2034 US 4.000 12/01/2034 700,000 112.28 785,939 1.67
MILFORD EXEMPT VILLAGE SCHOOL 5.00% 12/01/2035 US 5.000 12/01/2035 200,000 116.39 232,784 0.49
MILTON-UNION EXEMPTED VILLAGE 4.88% 12/01/2029 US 4.880 12/01/2029 895,000 101.45 907,969 1.92
NEW ALBANY COMMUNITY AUTHORITY 5.00% 10/01/2024 US 5.000 10/01/2024 500,000 110.90 554,500 1.18
OHIO HIGHER EDUCATIONAL FACILI 1.92% 01/01/2039 US 1.920 01/01/2039 100,000 100.00 100,000 0.21
OHIO HIGHER EDUCATIONAL FACILI 4.00% 12/01/2035 US 4.000 12/01/2035 290,000 110.71 321,068 0.68
OHIO HIGHER EDUCATIONAL FACILI 5.00% 03/01/2034 US 5.000 03/01/2034 500,000 112.21 561,025 1.19
OHIO HIGHER EDUCATIONAL FACILI 5.00% 04/01/2036 US 5.000 04/01/2036 500,000 112.12 560,620 1.19
OHIO HIGHER EDUCATIONAL FACILI 5.00% 05/01/2033 US 5.000 05/01/2033 265,000 112.80 298,917 0.63
OHIO HIGHER EDUCATIONAL FACILI 5.00% 11/01/2039 US 5.000 11/01/2039 250,000 122.97 307,418 0.65
OHIO STATE UNIVERSITY/THE 4.00% 12/01/2032 US 4.000 12/01/2032 500,000 108.81 544,060 1.15
OHIO STATE UNIVERSITY/THE 4.00% 12/01/2033 US 4.000 12/01/2033 525,000 108.57 569,982 1.21
OHIO UNIVERSITY 5.00% 12/01/2032 US 5.000 12/01/2032 150,000 120.31 180,458 0.38
POLARIS CAREER CENTER 5.00% 11/01/2035 US 5.000 11/01/2035 500,000 116.46 582,315 1.23
PORT OF GREATER CINCINNATI DEV 4.00% 12/01/2032 US 4.000 12/01/2032 390,000 112.86 440,150 0.93
STATE OF OHIO 4.00% 01/01/2040 US 4.000 01/01/2040 1,000,000 109.92 1,099,230 2.33
STATE OF OHIO 4.75% 12/01/2032 US 4.750 12/01/2032 1,060,000 104.43 1,106,905 2.35
STATE OF OHIO 5.00% 12/01/2036 US 5.000 12/01/2036 1,000,000 122.75 1,227,530 2.60
THREE RIVERS LOCAL SCHOOL DIST 5.00% 12/01/2034 US 5.000 12/01/2034 500,000 115.28 576,380 1.22
TOLEDO CITY SCHOOL DISTRICT 5.00% 12/01/2032 US 5.000 12/01/2032 1,000,000 112.98 1,129,800 2.39
UNIVERSITY OF AKRON/THE 5.00% 01/01/2028 US 5.000 01/01/2028 375,000 114.37 428,873 0.91
UNIVERSITY OF CINCINNATI 5.00% 06/01/2037 US 5.000 06/01/2037 1,000,000 121.00 1,209,960 2.56
UNIVERSITY OF TOLEDO 5.00% 06/01/2029 US 5.000 06/01/2029 345,000 107.05 369,319 0.78
WRIGHT STATE UNIVERSITY 5.00% 05/01/2031 US 5.000 05/01/2031 1,000,000 104.92 1,049,150 2.22
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 Fort Washington Investment Advisors, Inc.
John Goetz

John J. Goetz, CFA

Investment Experience since 1981

Career Summary 
Fort Washington Investment Advisors, Inc.
Countrywide Investments, Inc.
Leshner Financial Services, Inc. 

Education 
BS - University of Cincinnati
Richard A. Ellensohn

Richard A. Ellensohn

Investment Experience since 1997

Career Summary 
Fort Washington Investment Advisors, Inc.
BISYS Fund Services 

Education 
MBA - Xavier University
BBA - Ohio University

Fees

Expense Fees for Share Class
Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio
Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit certain annual fund operating expenses (excluding Acquired Fund Fees and Expenses “AFFE,” and other expenses, if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2019.

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 Ohio Tax-Free Bond Fund for Your Portfolio

Touchstone Ohio Tax-Free Bond Fund seeks the highest level of interest income exempt from federal income and Ohio personal income taxes, consistent with the protection of capital by investing primarily in high-quality, long-term Ohio municipal obligations.
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

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.

©2019 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. 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.