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, takeovers, tender offers, debt restructurings, minority purchases, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations.
|Portfolio Turnover Rate1||276%|
|Total Annual Fund Operating Expense Ratio2||2.46%|
|Net Annual Fund Operating Expense Ratio2||2.44%|
|Total Net Assets as of 6/30/2016||$9,173,714|
|Fiscal Year End||September 30th|
|Benchmark||BofA Merrill Lynch 3-Month U.S. Treasury Bill Index3|
1 Annualized as of 9/30/2015
2 Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit annual fund operating expenses (excluding Acquired Fund Fees and Expenses “AFFE” and Dividend Expenses on Securities sold short) to 1.68%, 2.43%, 1.43%, and 1.28% for Classes A, C, and Y shares and Institutional Class shares, respectively. The expense ratios include AFFE, interest and borrowing expenses on securities sold short, and dividends on securities sold short. The Expense Limitations will remain in effect until at least 01/29/17. These limits exclude expenses not charged to shareholders by the Fund or by any Fund service provider. There are expenses related to the ongoing management of the Fund’s portfolio and include AFFE, interest and borrowing expenses on securities sold short, and dividends on securities sold short. The Fund is obligated to record the expenses of the dividend on securities sold short; these expenses may be offset by gains on the day the dividends are announced. Please see the Fund’s Prospectus for further information.
3 The BofA Merrill Lynch 3-Month U.S. Treasury Bill Index is an unmanaged index of Treasury securities maturing in 90 days that assumes reinvestment of all income. Investing in an index is not possible.
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 TouchstoneInvestments.com/literature-center 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.