The Fund seeks to obtain long-term capital appreciation from hedged equity investments with less risk than a fully invested, unhedged equity portfolio by investing in a combination of equity securities, short-term debt securities and derivative instruments.
|Portfolio Turnover Rate1||382%|
|Total Annual Fund Operating Expense Ratio2||2.42%|
|Net Annual Fund Operating Expense Ratio2||2.22%|
|Total Net Assets as of 6/30/2014||$16,354,660|
|Fiscal Year End||December 31st|
|Benchmark||S&P 500 Index3|
1 Annualized as of 12/31/2013
2 Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit annual operating expenses to 1.55% for Class A shares, 2.30% for Class C Shares, 1.30% for Class Y Shares and 1.25% for Class INST shares. The expense limitations will remain in effect until at least 04/29/15. 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 interest and borrowing expenses on securities sold short. Please see the Fund's Prospectus for further information.
3 The S&P 500® Index is a group of 500 widely held stocks and is commonly regarded to be representative of the large capitalization stock universe. 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.