The Fund seeks to achieve a high level of income by investing primarily in non-investment grade debt securities.
|Portfolio Turnover Rate1||69%|
|Total Annual Fund Operating Expense Ratio2||0.75%|
|Net Annual Fund Operating Expense Ratio2||0.72%|
|Total Net Assets as of 12/31/2017||$112,503,592|
|Fiscal Year End||0/th|
|Benchmark||ICE BofA Merrill Lynch High Yield Cash Pay Index3|
1 Annualized as of 9////207
2 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.
3 The BofA Merrill Lynch High Yield Cash Pay Index is an unmanaged index used as a general measure of market performance consisting of fixed-rate, coupon-bearing bonds with an outstanding par which is greater than or equal to $50 million, amaturity range greater than or equal to one year and must be less than BBB/Baa3 rated but not in default. 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.