Our Family of Companies
western & southern financial group logo
western & southern life logo
columbus life logo
eagle realty group logo
Fabric by Gerber Life
fort washington logo
gerber life logo
integrity life logo
lafayette life logo
national integrity life logo
touchstone investments logo
w&s financial group distributors logo

Touchstone Investments to Merge Away Funds and Liquidate Others as Part of an Effort to Rationalize Small Funds With Limited Growth Potential

Touchstone Investments •
Touchstone Merge Away

CINCINNATI – February 20, 2019 – Touchstone Investments (Touchstone) announced that, after careful consideration, the Board of Trustees of the Touchstone Funds approved the items summarized below at its February 12, 2019 meeting. For more information, please review each item below or call us at 800-543-0407.

  1. Closure and Liquidation of the Touchstone Emerging Markets Small Cap Fund. The Fund is expected to be closed and liquidated on or about March 28, 2019. The Fund will be closed to new and subsequent investments effective as of the close of business on March 12, 2019, except that the Fund may continue to accept systematic contributions from defined contribution and similar plans.

  2. Closure and Liquidation of the Touchstone International Value Fund. The Fund is expected to be closed and liquidated on or about March 28, 2019. The Fund will be closed to new and subsequent investments effective as of the close of business on March 12, 2019, except that the Fund may continue to accept systematic contributions from defined contribution and similar plans.

  3. Changes to Touchstone Credit Opportunities Fund Expense Limitation Agreement and Advisory Fees. The reduction of the expense limitations, the advisory fees and sub-advisory fees for the Touchstone Credit Opportunities Fund are effective March 1, 2019.

  4. Merger of the Touchstone Merger Arbitrage Fund into the Touchstone Arbitrage Fund, and Subsequent Appointment of Ares as Sub-Advisor for the Touchstone Arbitrage Fund, Change of Fund Name, Investment Goal and Principal Investment Strategies, Reduction of Expense Limits, Reduction of Advisory Fees and Reduction of Sub-Advisory Fees. The Board approved the following items:

    a. The Touchstone Merger Arbitrage Fund is expected to be merged into the Touchstone Arbitrage Fund effective after the close of business on May 10, 2019.
    b. The name change of the Touchstone Arbitrage Fund to the Touchstone Credit Opportunities II Fund and the appointment of Ares Capital Management II as the sub-advisor to the Fund is effective May 11, 2019.
    c. The change to the investment goal and principal investment strategies of the Credit Opportunities II Fund to reflect Ares’ Credit Opportunities strategy is effective May 11, 2019.
    d. The reduction of the expense limitations and advisory fees will be effective May 10, 2019. The new sub-advisory schedule with payment to Ares will be effective May 11, 2019.

  5. Merger of the Controlled Growth with Income Fund into the Dynamic Diversified Income Fund. The Touchstone Controlled Growth with Income Fund will be merged into the Touchstone Dynamic Diversified Income Fund. There will be no changes to the Advisory Fee, Sub-Advisory Fee and Expense limitations of the funds. The merger is currently targeted to occur after the close of business on April 26, 2019 or as soon as reasonably practicable thereafter.

  6. Reorganization of TVST Active Bond Fund into the TVST Bond Fund. The TVST Active Bond Fund will be merged into the TVST Bond Fund pending shareholder approval and other regulatory approvals. If approved by shareholders, the TVST Active Bond Fund assets will merge into the new SC class of the Bond Fund. The merger is currently targeted to occur July 12, 2019. The new SC share class will be effective on or about July 5, 2019.

  7. Reorganization of TVST Focused Fund and TVST Large Cap Core Equity Fund into the TVST Common Stock Fund. The TVST Focused Fund and TVST Large Cap Core Equity Fund will be merged into the TVST Common Stock Fund pending shareholder approval and other regulatory approvals. If approved by shareholders, the Focused Fund and Large Cap Core Equity Fund assets will merge into the new SC class of the Common Stock Fund. The merger is currently targeted to occur July 12, 2019. The new SC share class will be effective on or about July 5, 2019.

Please consider the investment objectives, risks, charges and expenses of a 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/resources or call Touchstone at 800-638-8194. Please read the prospectus and/or summary prospectus carefully before investing.

About Touchstone Investments
Touchstone Investments is a Distinctively Active mutual fund company committed to providing investors with access to institutional asset managers who provide active management in a sub-advisory capacity. Managed by sub-advisors with high-conviction, concentrated portfolios, Touchstone’s entire equity fund lineup is composed of high Active Share funds, which means their holdings are highly differentiated from their benchmarks. Touchstone’s sub-advisor selection and monitoring approach is built upon the conviction that an asset manager’s organizational stability, quality of its personnel, adherence to its investment discipline and infrastructure represent the elements of repeatable, value-added performance results over time. This philosophy has resulted in a diverse but focused product offering that gives investors a full breadth of investment options across styles and asset classes. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment advisor, and are distributed nationally through intermediaries, including broker-dealers, financial planners and institutions by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc., and IFS Financial Services, Inc., are members of Western & Southern Financial Group. For more information, visit TouchstoneInvestments.com.
 
Company Contact:
Sharon Karp
Touchstone Investments
513-362-8026
sharon.karp@touchstonefunds.com

Media Contact:
José Marques
Western & Southern Financial Group
513-629-1488
jose.marques@westernsouthern.com

TSF-2327-1902