Touchstone Premium Yield Equity Fund

Touchstone Premium Yield Equity Fund

Daily NAV
$
Overall Morningstar RatingTM
Large Value

Morningstar

Overall Morningstar RatingTM is calculated against 1099 funds in the Large Value 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.
Active Share
92 %

Active Share

Active Share measures the percentage of the Fund’s holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

Active
Closet Index
Passive
 100%-80%  80%-60%  60%-40% 40%-20%   20%-0%
Generally, a Fund with an active share of more than 60% is considered actively managed. Active Share is not a performance measurement. A high degree of Active Share does not assure outperformance of a fund relative to its benchmark index. 
 

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 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 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 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 $89,650,222
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 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Premium Yield Equity 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 Premium Yield Equity Fund -
Including Sales Charge
Touchstone Premium Yield Equity Fund -
Excluding Sales Charge
Russell 3000® Value Index 1.55% 5.69% 4.17% 13.04% 12.58% 11.25% 8.95% --
as of 06/30/2018 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 7.25% 8.48% 10.40% 8.60% --
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.
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

Portfolio

as of 06/30/2018
Number of Holdings
44
Active Share
92%

Active Share

Active Share measures the percentage of the Fund’s holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

Active
Closet Index
Passive
 100%-80%  80%-60%  60%-40% 40%-20%   20%-0%
Generally, a Fund with an active share of more than 60% is considered actively managed. Active Share is not a performance measurement. A high degree of Active Share does not assure outperformance of a fund relative to its benchmark index. 
 
Weighted Average Market Capitalization
$60.5 B
Median Market Capitalization
$35.6 B
Price Earnings Ratio
(Weighted Harmonic Average)
14.0x
Price to Book Ratio
(Weighted Harmonic Average)
2.1x
as of 06/30/2018
Composition % of Portfolio
Equities 98.2
Cash Equivalents 1.8
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
Sector % of Portfolio
Information Technology 25.7
Financials 21.4
Energy 10.6
Consumer Discretionary 8.6
Telecommunication Services 8.2
Materials 6.1
Real Estate 5.9
Utilities 4.6
Industrials 4.2
Healthcare 3.1
Consumer Staples 1.6
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
LYONDELLBASELL INDU-CL A 4.2
BB&T CORP 4.1
PFIZER INC 3.5
KLA-TENCOR CORP 3.4
VERIZON COMMUNICATIONS INC 3.3
TORONTO-DOMINION BANK 3.2
HUNTINGTON BANCSHARES INC 3.1
OCCIDENTAL PETROLEUM CORP 3.0
CYPRESS SEMICONDUCTOR CORP 3.0
EATON CORP PLC 2.9
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
AEGON N.V.-NY REG SHR NL 273,524 5.92 1,619,262 1.81
AES CORP US 122,843 13.41 1,647,325 1.84
BB&T CORP US 70,728 50.44 3,567,520 3.99
BCE INC CA 46,612 40.49 1,887,320 2.11
CANON INC-SPONS ADR JP 62,797 32.69 2,052,834 2.30
CARNIVAL CORP US 27,191 57.31 1,558,316 1.74
CENTERPOINT ENERGY INC US 86,103 27.71 2,385,914 2.67
CISCO SYSTEMS INC US 39,491 43.03 1,699,298 1.90
CME GROUP INC US 13,433 163.92 2,201,937 2.46
CROWN CASTLE INTL CORP US 19,422 107.82 2,094,080 2.34
CYPRESS SEMICONDUCTOR CORP US 156,184 15.58 2,433,347 2.72
DIGITAL REALTY TRUST INC US 9,064 111.58 1,011,361 1.13
DREYFUS-GOV C-IN US 1,596,182 1.00 1,596,182 1.79
EATON CORP PLC IE 31,399 74.74 2,346,761 2.62
FNF GROUP US 46,612 37.62 1,753,543 1.96
GAP INC/THE US 62,150 32.39 2,013,039 2.25
HP INC US 87,560 22.69 1,986,736 2.22
HSBC HOLDINGS PLC-SPONS ADR GB 44,670 47.14 2,105,744 2.36
HUNTINGTON BANCSHARES INC US 170,426 14.76 2,515,488 2.81
INTERNATIONAL PAPER CO US 32,334 52.08 1,683,955 1.88
KLA-TENCOR CORP US 26,219 102.53 2,688,234 3.01
LAMAR ADVERTISING CO-A US 29,780 68.31 2,034,272 2.28
LYONDELLBASELL INDU-CL A US 33,341 109.85 3,662,509 4.10
NOKIA CORP-SPON ADR FI 289,456 5.75 1,664,372 1.86
OCCIDENTAL PETROLEUM CORP US 16,023 83.68 1,340,805 1.50
OLD REPUBLIC INTL CORP US 71,375 19.91 1,421,076 1.59
ONEOK INC US 36,740 69.83 2,565,554 2.87
PEMBINA PIPELINE CORP CA 22,659 34.60 784,001 0.88
PFIZER INC US 75,745 36.28 2,748,029 3.07
QUALCOMM INC US 29,942 56.12 1,680,345 1.88
SABRE CORP US 92,577 24.64 2,281,097 2.55
SIX FLAGS ENTERTAINMENT CORP US 28,809 70.05 2,018,070 2.26
SYSCO CORP US 20,878 68.29 1,425,759 1.59
TAIWAN SEMICONDUCTOR-SP ADR TW 52,115 36.56 1,905,324 2.13
TARGET CORP US 25,248 76.12 1,921,878 2.15
TEXAS INSTRUMENTS INC US 18,613 110.25 2,052,083 2.30
TORONTO-DOMINION BANK CA 47,098 57.86 2,725,090 3.05
TOTAL SA-SPON ADR FR 39,329 60.56 2,381,764 2.66
UMPQUA HOLDINGS CORP US 38,034 22.59 859,188 0.96
UNITED PARCEL SERVICE-CL B US 12,624 106.23 1,341,048 1.50
VERIZON COMMUNICATIONS INC US 55,028 50.31 2,768,459 3.10
VODAFONE GROUP PLC-SP ADR GB 105,525 24.31 2,565,313 2.87
WESTERN DIGITAL CORP US 27,838 77.41 2,154,940 2.41
WILLIAMS COS INC US 83,514 27.11 2,264,065 2.53
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 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
Deepak Ahuja

Deepak Ahuja, CFA

Investment Experience since 2005 

Career Summary 
Miller/Howard Investments Inc.
SKBA Capital Management
Brookfield Asset Management
FTI Consulting 

Education 
MBA – University of Western Ontario
BA – University of Western Ontario

Fees

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 01/29/2019.
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 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 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?