Touchstone Premium Yield Equity Fund

Touchstone Premium Yield Equity Fund

Daily NAV
$
Overall Morningstar RatingTM
Large Value

Morningstar

Overall Morningstar RatingTM is calculated against 1109 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 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.
Active Share
90 %

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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $87,553,491
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 11/30/2018 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 2.89% -2.73% 1.33% 2.62% 9.85% 8.50% 12.47% --
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 09/30/2018 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 9.46% 13.75% 10.65% 9.76% --
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

Portfolio

as of 09/30/2018
Number of Holdings
41
Active Share
90%

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
$75.9 B
Median Market Capitalization
$37.6 B
Price Earnings Ratio
(Weighted Harmonic Average)
14.5x
Price to Book Ratio
(Weighted Harmonic Average)
2.3x
as of 09/30/2018
Composition % of Portfolio
Equities 99.8
Cash Equivalents 0.2
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
Sector % of Portfolio
Financials 24.6
Information Technology 24.2
Energy 13.2
Consumer Discretionary 7.6
Real Estate 6.3
Utilities 6.2
Materials 6.2
Healthcare 4.1
Communication Services 3.7
Industrials 3.5
Consumer Staples 0.4
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 11/30/2018
Security Description % of Portfolio
BB&T CORP 4.2
PFIZER INC 4.1
VERIZON COMMUNICATIONS INC 3.9
LYONDELLBASELL INDU-CL A 3.6
TEXAS INSTRUMENTS INC 3.1
TORONTO-DOMINION BANK 3.1
KLA-TENCOR CORP 3.0
CME GROUP INC 3.0
HUNTINGTON BANCSHARES INC 2.9
COCA-COLA EUROPEAN PARTNERS 2.9
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
AEGON N.V.-NY REG SHR NL 267,784 6.43 1,721,851 2.03
AES CORP US 120,265 14.00 1,683,710 1.98
BB&T CORP US 69,243 48.54 3,361,055 3.96
BROADCOM INC US 9,516 246.73 2,347,883 2.77
CARNIVAL CORP US 26,620 63.77 1,697,557 2.00
CENTERPOINT ENERGY INC US 84,296 27.65 2,330,784 2.75
CISCO SYSTEMS INC US 38,662 48.65 1,880,906 2.22
CITIGROUP INC US 25,035 71.74 1,796,011 2.12
CME GROUP INC US 13,151 170.21 2,238,432 2.64
CROWN CASTLE INTL CORP US 19,014 111.33 2,116,829 2.49
CYPRESS SEMICONDUCTOR CORP US 152,906 14.49 2,215,608 2.61
DIGITAL REALTY TRUST INC US 8,873 112.48 998,035 1.18
DREYFUS-GOV C-IN US 157,745 1.00 157,745 0.19
EATON CORP PLC IE 30,740 86.73 2,666,080 3.14
FIDELITY NATIONAL FINANCIAL US 45,634 39.35 1,795,698 2.12
HP INC US 35,744 25.77 921,123 1.09
HSBC HOLDINGS PLC-SPONS ADR GB 43,733 43.99 1,923,815 2.27
HUNTINGTON BANCSHARES INC US 166,850 14.92 2,489,402 2.93
INTERNATIONAL PAPER CO US 32,334 49.15 1,589,216 1.87
ISHARES SELECT DIVIDEND ETF US 42,952 99.76 4,284,892 5.05
KLA-TENCOR CORP US 25,669 101.71 2,610,794 3.08
LAMAR ADVERTISING CO-A US 29,155 77.80 2,268,259 2.67
LYONDELLBASELL INDU-CL A US 32,641 102.51 3,346,029 3.94
NOKIA CORP-SPON ADR FI 289,456 5.58 1,615,164 1.90
OCCIDENTAL PETROLEUM CORP US 33,739 82.17 2,772,334 3.27
OLD REPUBLIC INTL CORP US 69,877 22.38 1,563,847 1.84
ONEOK INC US 35,969 67.79 2,438,339 2.87
PEMBINA PIPELINE CORP CA 22,183 33.99 754,000 0.89
PFIZER INC US 74,155 44.07 3,268,011 3.85
QUALCOMM INC US 29,314 72.03 2,111,487 2.49
SABRE CORP US 90,634 26.08 2,363,735 2.79
SIX FLAGS ENTERTAINMENT CORP US 28,204 69.82 1,969,203 2.32
TAIWAN SEMICONDUCTOR-SP ADR TW 51,021 44.16 2,253,087 2.66
TARGET CORP US 24,718 88.21 2,180,375 2.57
TEXAS INSTRUMENTS INC US 18,222 107.29 1,955,038 2.30
TORONTO-DOMINION BANK CA 46,109 60.80 2,803,427 3.30
TOTAL SA-SPON ADR FR 38,504 64.39 2,479,273 2.92
UMPQUA HOLDINGS CORP US 37,236 20.80 774,509 0.91
VERIZON COMMUNICATIONS INC US 53,874 53.39 2,876,333 3.39
VODAFONE GROUP PLC-SP ADR GB 0 21.70 0 0.00
WILLIAMS COS INC US 81,761 27.19 2,223,082 2.62
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

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.

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 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.

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