Touchstone Global Real Estate Fund Sub-Advised by: Forum Securities Limited


The Fund seeks income and capital appreciation by investing primarily in common stocks and other equity securities of U.S. and foreign real estate companies without regard to market capitalization.

Investment Style

  • Invests significantly (generally more than 40%) in real estate equity securities domiciled or with a majority of their assets or real estate activities outside the U.S.
  • Real estate equity securities include common stocks, preferred stocks, and other equity securities issued by REITs and other real estate operating companies that derive the majority of their revenue from the direct or indirect ownership, construction, financing, management, or sale of commercial, industrial, or residential real estate
  • Utilizes proprietary return and risk models to select investments that are believed to have either high and sustainable dividends or a combination of characteristics in an effort to generate sustainable returns, higher income and lower volatility relative to the benchmark index
The Fund invests in equities which are subject to market volatility and loss. 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 invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. 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. The Fund invests in derivatives such as forward currency exchange contracts, futures contracts, options and swap agreements. Derivatives can be highly volatile, illiquid and difficult to value, subject to counterparty and leverage risks and there is risk that changes in the value of a derivative held by the Fund will not correlate with the Fund's other investments. Gains or losses from speculative positions in a derivative may be much greater than the original cost and potential losses may be substantial. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers and may be subject to greater risks. 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.

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Select Share Class:A C Y INST

Fund Facts

A Shares
Portfolio Turnover Rate141%
Total Annual Fund Operating Expense Ratio22.08%
Net Annual Fund Operating Expense Ratio21.40%
Total Net Assets as of 12/31/2015 $7,204,583
Inception Date9/30/2009
Fiscal Year EndSeptember 30th
BenchmarkFTSE EPRA/NAREIT Developed Index3
Prospectus Date1/30/2016

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", if any) to 1.39% for Class A Shares, 2.14% for Class C Shares, 1.14% for Class Y Shares and 0.99% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

3 The FTSE EPRA/NAREIT Developed Index measures the general trends in eligible real estate equities worldwide. Relevant real estate activities are defined as the ownership, disposure and development of income-producing real estate. 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 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.