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Touchstone Premium Yield Equity Fund

Daily NAV
$
Overall Morningstar Rating™
Large Value
Active Share
91 %

Overview

Overview

Actively Managed and Sub-Advised by Miller/Howard Investments Inc.

Objective

The fund seeks long-term growth of capital and high current income by investing primarily in equity securities of any size.

Premium Yield Equity Fund Commentary

Investment Style

  • Utilizes quantitative screens to identify stocks of companies with above-average dividend yield plus a consistent history of dividend growth that offer financial strength and solid appreciation potential
  • Builds a portfolio using bottom-up stock selection with a preference for companies with monopoly-like characteristics and recurring revenues
  • Diversifies across capitalization ranges and economic sectors
  • Employs social, environmental, and governance screens
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 including those of certain European countries that may have the potential to leave the European Union. The Fund invests in emerging markets securities which are more likely to experience turmoil or rapid changes in market or economic conditions than developed countries. The Fund's environmental, social and corporate governance criteria may cause the Fund to forgo opportunities to buy certain securities and/or gain exposure to certain industries, sectors, regions and countries. The Fund may be required to sell a security when it could be disadvantageous to do so. The Fund invests in REITs; the risks are similar to those associated with direct ownership of real estate. Shareholders will indirectly bear the additional expenses of investing in REITs. The Fund's investments in the real estate industry are subject to the risk that the industry will underperform the broader market, as well as the risk that issuers in the industry will be impacted by market conditions, legislative or regulatory changes, or competition. Dividend issuing companies may choose not to pay a dividend or the dividend may be less than anticipated. 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 $53,826,013
Asset Class US Equity, Income
Morningstar Category Large Value
Benchmark Russell 3000® Value Index
Distribution Frequency Monthly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Premium Yield Equity 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 Premium Yield Equity Fund -
Including Sales Charge
Touchstone Premium Yield Equity Fund -
Excluding Sales Charge
Russell 3000® Value Index 0.78% 0.89% 16.96% 4.23% 9.36% 7.93% 12.31% --
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.
The performance presented for Class Y Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 12/03/07, 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 Premium Yield Equity Fund -
Including Sales Charge
Touchstone Premium Yield Equity Fund -
Excluding Sales Charge
Russell 3000® Value Index 7.34% 10.19% 7.31% 13.14% --
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.
The performance presented for Class Y Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 12/03/07, with the performance since the inception date of each share class.

Consider Touchstone Premium Yield Equity Fund For Your Portfolio

Investing primarily in equity securities of any size, Touchstone Premium Yield Equity Fund utilizes a bottom-up stock selection process to build a portfolio across capitalization ranges and economic sectors. It seeks to provide long-term growth of capital and high current income. 
Contact Us Now

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
35
Active Share
91%
Weighted Average Market Capitalization
$81.5 B
Median Market Capitalization
$35.2 B
Price To Earnings Ratio
(Weighted Harmonic Average)
14.7x
Price to Book Ratio
(Weighted Harmonic Average)
2.2x
as of 06/30/2019
Composition % of Portfolio
Equities 98.9
Cash Equivalents 1.1
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
Sector % of Portfolio
Information Technology 19.5
Financials 18.4
Consumer Discretionary 15.5
Energy 8.8
Healthcare 8.5
Utilities 7.0
Industrials 6.6
Real Estate 5.8
Communication Services 5.5
Materials 3.6
Consumer Staples 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
GILEAD SCIENCES INC 4.1
CITIGROUP INC 4.1
FIDELITY NATIONAL FINANCIAL IN 3.9
CITIZENS FINANCIAL GROUP INC 3.8
VERIZON COMMUNICATIONS INC 3.7
AES CORP/VA 3.6
CISCO SYSTEMS INC 3.6
TARGET CORP 3.6
PFIZER INC 3.5
TEXAS INSTRUMENTS INC 3.5
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. 
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AES CORP/VA US 111,753 16.76 1,872,980 3.48
BCE INC CA 20,803 45.48 946,120 1.76
BROADCOM INC US 6,130 287.86 1,764,582 3.28
CENTERPOINT ENERGY INC US 53,465 28.63 1,530,703 2.84
CISCO SYSTEMS INC US 33,566 54.73 1,837,067 3.41
CITIGROUP INC US 29,446 70.03 2,062,103 3.83
CITIZENS FINANCIAL GROUP INC US 52,962 35.36 1,872,736 3.48
COCA-COLA EUROPEAN PARTNERS PL GB 31,255 56.50 1,765,908 3.28
CROWN CASTLE INTERNATIONAL COR US 12,060 130.35 1,572,021 2.92
CUMMINS INC US 10,251 171.34 1,756,406 3.26
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 586,230 1.00 586,230 1.09
EATON CORP PLC IE 19,497 83.28 1,623,710 3.02
ENBRIDGE INC CA 44,118 36.08 1,591,777 2.96
FIDELITY NATIONAL FINANCIAL IN US 47,133 40.30 1,899,460 3.53
GILEAD SCIENCES INC US 32,662 67.56 2,206,645 4.10
HOME DEPOT INC/THE US 8,040 207.97 1,672,079 3.11
HUNTINGTON BANCSHARES INC/OH US 105,824 13.82 1,462,488 2.72
JPMORGAN CHASE & CO US 12,541 111.80 1,402,084 2.60
KLA-TENCOR CORP US 8,944 118.20 1,057,181 1.96
KOHL'S CORP US 19,296 47.55 917,525 1.70
LAMAR ADVERTISING CO US 18,492 80.71 1,492,489 2.77
LYONDELLBASELL INDUSTRIES NV NL 20,702 86.13 1,783,063 3.31
MAGNA INTERNATIONAL INC CA 33,164 49.70 1,648,251 3.06
NOKIA OYJ FI 186,322 5.01 933,473 1.73
OCCIDENTAL PETROLEUM CORP US 21,406 50.28 1,076,294 2.00
OLD REPUBLIC INTERNATIONAL COR US 44,319 22.38 991,859 1.84
PFIZER INC US 47,033 43.32 2,037,470 3.78
REGIONS FINANCIAL CORP US 64,117 14.94 957,908 1.78
SABRE CORP US 57,485 22.20 1,276,167 2.37
TAIWAN SEMICONDUCTOR MANUFACTU TW 32,360 39.17 1,267,541 2.35
TARGET CORP US 21,406 86.61 1,853,974 3.44
TEXAS INSTRUMENTS INC US 14,271 114.76 1,637,740 3.04
TOTAL SA FR 32,762 55.79 1,827,792 3.39
VERIZON COMMUNICATIONS INC US 34,169 57.13 1,952,075 3.63
WHIRLPOOL CORP US 11,959 142.36 1,702,483 3.16
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 Miller/Howard Investments Inc.
Lowell Miller

Lowell G. Miller

Investment Experience since 1976

Career Summary 
Miller/Howard Investments Inc. 

Education 
JD – New York University School of Law
BA – Sarah Lawrence College
John E Leslie III

John E. Leslie III, CFA

Investment Experience since 1984

Career Summary 
Miller/Howard Investments Inc.
Dewey Square Investors Corp.
M&T Capital Advisors Group
Value Line Asset Management 

Education 
MBA – Babson College
BSBA – Suffolk University
Bryan J Spratt

Bryan J. Spratt, CFA

Investment Experience since 1990

Career Summary 
Miller/Howard Investments Inc.
Banc One Investment Advisors
Comerica Capital Management
Munder Capital Management 

Education 
BA – Spring Arbor College
Gregory Powell

Gregory Powell, PhD

Investment Experience since 1997

Career Summary 
Miller/Howard Investments Inc.
AllianceBernstein
General Motors

Education 
PhD – Northwestern University
MA - Northwestern University
BA - University of California, Santa Barbara

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 1.20% for Class A Shares, 1.95% for Class C Shares and 0.95% for Class Y Shares. These expense limitations will remain in effect until at least 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 Premium Yield Equity Fund For Your Portfolio

Investing primarily in equity securities of any size, Touchstone Premium Yield Equity Fund utilizes a bottom-up stock selection process to build a portfolio across capitalization ranges and economic sectors. It seeks to provide long-term growth of capital and high current income.
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

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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.