Fund |
Ticker Symbol |
Principal U.S. Listing Exchange |
Touchstone Dynamic International ETF |
TDI |
The Nasdaq Stock Market LLC |
|
Touchstone
Dynamic
International
ETF |
|
|
Management Fees |
|
Distribution and/or Shareholder Service (12b-1) Fees(1)
|
|
Other Expenses(2)
|
|
Total Annual Fund Operating Expenses |
|
Fee Waiver and/or Expense Reimbursement(3)
|
( |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(3)
|
|
| |
1 Year |
$ |
3 Years |
$ |
| ||
|
|
% |
|
|
)% |
|
1 Year |
5 Years |
10 Years |
Predecessor Fund - Touchstone Dynamic International ETF |
|
|
|
Return Before Taxes |
)% |
% |
% |
Return After Taxes on Distributions |
)% |
% |
% |
Return After Taxes on Distributions and Sale of Fund Shares |
)% |
% |
% |
MSCI ACWI (reflects no deduction for fees, expenses or taxes) |
)% |
% |
% |
Bloomberg US Universal Index (reflects no deduction for fees, expenses or taxes) |
)% |
% |
% |
Sub-Adviser |
Portfolio Managers |
Investment Experience
with the Fund |
Primary Title with
Sub-Adviser |
Los Angeles Capital
Management LLC |
Hal W. Reynolds, CFA |
Since inception in December
2023 |
Co-Chief Investment Officer |
|
Ed Rackham, Ph.D. |
Since inception in December
2023 |
Co-Chief Investment Officer |
|
Daniel Arche, CFA |
Since inception in December
2023 |
Senior Portfolio Manager |
|
Dynamic International ETF |
Authorized Participants Concentration Risk |
X |
Depositary Receipt Risk |
X |
Economic and Market Events Risk |
X |
Emerging Markets Risk |
X |
Equity Securities Risk |
X |
ETF Risk |
X |
Foreign Securities Risk |
X |
Management Risk |
X |
Other Investment Companies Risk |
X |
Preferred Stock Risk |
X |
Premium/Discount Risk |
X |
Quantitative Strategy Risk |
X |
REIT Risk |
X |
Secondary Market Trading Risk |
X |
Fund |
Annual Investment Advisory Fee Rate |
Dynamic International ETF |
0.55% on the first $500 million; and 0.50% on assets over $500
million |
Fund |
Dividends Declared |
Dividends Paid |
Touchstone Dynamic International ETF |
Annually |
Annually |
Touchstone Dynamic Allocation Fund | ||||||||||||||
Period ended |
Net
asset
value at
beginning
of period |
Net
investment
income |
Net
realized
and
unrealized
gains (losses)
on
investments |
Total from
investment
operations |
Distributions
from net
investment
income |
Distributions
from realized
capital
gains |
Total
distributions |
Net
asset
value
at end
of period |
Total
return(1) |
Net
assets
at end
of period
(000's) |
Ratio of net
expenses
to average
net assets(2) |
Ratio of gross
expenses
to average
net assets(2) |
Ratio
of net
investment
income (loss)
to average
net assets |
Portfolio
turnover
rate |
Class A | ||||||||||||||
12/31/18 |
$12.56 |
$0.20 |
$(1.16
) |
$(0.96
) |
$(0.26
) |
$(0.71
) |
$(0.97
) |
$10.63 |
(7.91
)% |
$54,871 |
0.49
% |
0.92
% |
1.57
% |
40
% |
12/31/19 |
10.63 |
0.21 |
1.68 |
1.89 |
(0.26
) |
(0.20
) |
(0.46
) |
12.06 |
17.95 |
77,001 |
0.49 |
0.94 |
1.77 |
38 |
12/31/20 |
12.06 |
0.16 |
1.41 |
1.57 |
(0.19
) |
(0.20
) |
(0.39
) |
13.24 |
13.09 |
81,624 |
0.49 |
0.91 |
1.26 |
33 |
12/31/21 |
13.24 |
0.17 |
0.50 |
0.67 |
(0.33
) |
(0.42
) |
(0.75
) |
13.16 |
5.11 |
77,866 |
0.49 |
0.88 |
1.26 |
20 |
12/31/22 |
13.16 |
0.17
(3) |
(2.35
) |
(2.18
) |
(0.29
) |
(0.28
) |
(0.57
) |
10.41 |
(16.59
) |
58,573 |
0.49 |
1.00 |
1.50 |
60 |
06/30/23(4) |
10.41 |
0.07
(3) |
0.83 |
0.90 |
(0.07
) |
— |
(0.07
) |
11.24 |
8.70
(5) |
60,607 |
0.49
(6) |
0.95
(6) |
1.33
(6) |
36
(5) |
Class C | ||||||||||||||
12/31/18 |
$12.28 |
$0.11 |
$(1.13
) |
$(1.02
) |
$(0.17
) |
$(0.71
) |
$(0.88
) |
$10.38 |
(8.55
)% |
$24,897 |
1.24
% |
1.68
% |
0.82
% |
40
% |
12/31/19 |
10.38 |
0.25 |
1.51 |
1.76 |
(0.14
) |
(0.20
) |
(0.34
) |
11.80 |
17.01 |
5,250 |
1.24 |
1.90 |
1.02 |
38 |
12/31/20 |
11.80 |
0.25 |
1.20 |
1.45 |
(0.10
) |
(0.20
) |
(0.30
) |
12.95 |
12.28 |
3,015 |
1.24 |
2.03 |
0.51 |
33 |
12/31/21 |
12.95 |
0.08 |
0.48 |
0.56 |
(0.22
) |
(0.42
) |
(0.64
) |
12.87 |
4.34 |
2,035 |
1.24 |
2.33 |
0.51 |
20 |
12/31/22 |
12.87 |
0.08
(3) |
(2.29
) |
(2.21
) |
(0.39
) |
(0.28
) |
(0.67
) |
9.99 |
(17.18
) |
1,270 |
1.24 |
2.72 |
0.75 |
60 |
06/30/23(4) |
9.99 |
0.03
(3) |
0.79 |
0.82 |
(0.03
) |
— |
(0.03
) |
10.78 |
8.25
(5) |
1,189 |
1.24
(6) |
3.02
(6) |
0.58
(6) |
36
(5) |
Class Y | ||||||||||||||
12/31/18 |
$12.67 |
$0.27 |
$(1.21
) |
$(0.94
) |
$(0.29
) |
$(0.71
) |
$(1.00
) |
$10.73 |
(7.69
)% |
$5,525 |
0.24
% |
0.85
% |
1.82
% |
40
% |
12/31/19 |
10.73 |
0.31 |
1.64 |
1.95 |
(0.29
) |
(0.20
) |
(0.49
) |
12.19 |
18.35 |
4,060 |
0.24 |
0.97 |
2.02 |
38 |
12/31/20 |
12.19 |
0.17 |
1.42 |
1.59 |
(0.21
) |
(0.20
) |
(0.41
) |
13.37 |
13.23 |
4,735 |
0.24 |
0.88 |
1.51 |
33 |
12/31/21 |
13.37 |
0.21 |
0.51 |
0.72 |
(0.37
) |
(0.42
) |
(0.79
) |
13.30 |
5.39 |
5,061 |
0.24 |
0.87 |
1.51 |
20 |
12/31/22 |
13.30 |
0.20
(3) |
(2.37
) |
(2.17
) |
(0.32
) |
(0.28
) |
(0.60
) |
10.53 |
(16.34
) |
2,987 |
0.24 |
0.99 |
1.75 |
60 |
06/30/23(4) |
10.53 |
0.09
(3) |
0.84 |
0.93 |
(0.09
) |
— |
(0.09
) |
11.37 |
8.83
(5) |
2,972 |
0.24
(6) |
1.06
(6) |
1.58
(6) |
36
(5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) |
Ratio does not include expenses of the underlying funds. |
(3) |
The net investment income per share was based on average shares outstanding for the period. |
(4) |
Unaudited. |
(5) |
Not annualized. |
(6) |
Annualized. |
Fund
|
Ticker Symbol
|
Principal U.S. Listing Exchange
|
Touchstone Dynamic International ETF
|
TDI
|
The Nasdaq Stock Market LLC
|
|
Page
|
3
|
|
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|
|
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|
|
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|
|
38
|
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45
|
|
46
|
|
49
|
|
49
|
|
50
|
|
50
|
|
51
|
|
51
|
|
51
|
|
51
|
|
52
|
|
52
|
|
54
|
|
54
|
|
60
|
|
61
|
|
69
|
|
70
|
|
70
|
|
70
|
|
70
|
|
70
|
|
71
|
|
76
|
Name
Address
Year of Birth
|
Position Held
with Trust
|
Term of Office
And Length of
Time Served
|
Principal Occupation(s)
During Past 5 Years
|
Number
of Funds
Overseen
in the
Touchstone
Fund
Complex(2)
|
Other
Directorships
Held During the
Past 5 Years(3)
|
Jill T. McGruder
Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1955
|
Trustee
|
Until retirement at age
75 or until she resigns or
is removed
Trustee since 2022
|
President of Touchstone
Funds from 1999 to 2020;
Director and CEO of IFS
Financial Services, Inc. (a
holding company) since
1999; and Senior Vice
President and Chief
Marketing Officer of
Western & Southern
Financial Group, Inc. (a
financial services
company) since 2016.
|
39
|
Director, Integrity Life
Insurance Co. and
National Integrity Life
Insurance Co. since 2005;
Director, Touchstone
Securities (the
Distributor) since 1999;
Director, Touchstone
Advisors (the Adviser)
since 1999; Director, W&S
Brokerage Services, Inc.
since 1999; Director, W&S
Financial Group
Distributors, Inc. since
1999; Director, Insurance
Profillment Solutions LLC
since 2014; Director,
Columbus Life Insurance
Co. since 2016; Director,
The Lafayette Life
Insurance Co. since 2016;
Director, Gerber Life
Insurance Company
since 2019; Director,
Western & Southern
Agency, Inc. since 2018;
and Director, LL Global,
Inc. (not-for-profit trade
organization with
operating divisions
LIMRA and LOMA) since
2016.
|
Name
Address
Year of Birth
|
Position Held
with Trust
|
Term of Office
And Length of
Time Served
|
Principal Occupation(s)
During Past 5 Years
|
Number
of Funds
Overseen
in the
Touchstone
Fund
Complex(2)
|
Other
Directorships
Held During the
Past 5 Years(3)
|
E. Blake Moore, Jr.
Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1958
|
President and Trustee
|
Until retirement at age
75 or until he resigns or
is removed
Trustee since 2022
|
President, Touchstone
Funds since 2021; Chief
Executive Officer of
Touchstone Advisors, Inc.
and Touchstone
Securities, Inc. since
2020; President, Foresters
Investment
Management Company,
Inc. from 2018 to 2020;
President, North
American Asset
Management at
Foresters Financial from
2018 to 2020; Managing
Director, Head of
Americas at UBS Asset
Management from 2015
to 2017; and Executive
Vice President, Head of
Distribution at
Mackenzie Investments
from 2011 to 2014.
|
39
|
Trustee, College of
Wooster since 2008; and
Director, UBS Funds from
2015 to 2017.
|
Name
Address
Year of Birth
|
Position Held
with Trust
|
Term of Office
And Length of
Time Served
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Funds
Overseen
in the
Touchstone
Fund Complex(2)
|
Other
Directorships
Held During the
Past 5 Years(3)
|
Karen Carnahan
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1954
|
Trustee
|
Until retirement at age
75 or until she resigns
or is removed
Trustee since 2022
|
Retired; formerly Chief
Operating Officer of
Shred-it (a business
services company)
from 2014 to 2015;
formerly President &
Chief Operating Officer
of the document
management division
of Cintas Corporation
(a business services
company) from 2008
to 2014.
|
39
|
Director, Cintas
Corporation since
2019; Director, Boys &
Girls Club of West
Chester/Liberty from
2016 to 2022; and
Board of Advisors, Best
Upon Request from
2020 to 2021.
|
William C. Gale
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1952
|
Trustee
|
Until retirement at age
75 or until he resigns
or is removed
Trustee since 2022
|
Retired; formerly
Senior Vice President
and Chief Financial
Officer of Cintas
Corporation (a
business services
company) from 1995
to 2015.
|
39
|
None.
|
Name
Address
Year of Birth
|
Position Held
with Trust
|
Term of Office
And Length of
Time Served
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Funds
Overseen
in the
Touchstone
Fund Complex(2)
|
Other
Directorships
Held During the
Past 5 Years(3)
|
Susan M. King
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1963
|
Trustee
|
Until retirement at age
75 or until she resigns
or is removed
Trustee since 2022
|
Formerly, Partner of ID
Fund LLC (2020 to
2021); formerly, Senior
Vice President, Head of
Product and Marketing
Strategy of Foresters
Financial (2018 to
2020); formerly,
Managing Director,
Head of Sales Strategy
and Marketing,
Americas of UBS Asset
Management (2015 to
2017); formerly,
Director, Allianz Funds,
Allianz Funds
Multi-Strategy Trust
and AllianzGI
Institutional
Multi-Series Trust
(2014 to 2015); and
formerly, Director,
Alliance Capital Cash
Management Offshore
Funds (2003 to 2005).
|
39
|
Trustee, Claremont
McKenna College
since 2017; Trustee,
Israel Cancer Research
Fund since 2019; and
Board Member of
WHAM! (Women’s
Health Access Matters)
since 2021.
|
Kevin A. Robie
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1956
|
Trustee
|
Until retirement at age
75 or until he resigns
or is removed
Trustee since 2022
|
Retired; formerly Vice
President of Portfolio
Management at Soin
LLC (private
multinational holding
company and family
office) from 2004 to
2020.
|
39
|
Director, SaverSystems,
Inc. since 2015;
Director, Buckeye
EcoCare, Inc. from
2013 to 2018; Director,
Turner Property
Services Group, Inc.
since 2017; Trustee,
Dayton Region New
Market Fund, LLC
(private fund) since
2010; and Trustee,
Entrepreneurs Center,
Inc. (business
incubator) since 2006.
|
Sally J. Staley(4)
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1956
|
Trustee
|
Until retirement at age
75 or until she resigns
or is removed
Trustee since 2023
|
Independent
Consultant to
Institutional Asset
Owners since 2017;
formerly Chief
Investment Officer and
Corporate Officer for
Case Western Reserve
University from 2006
to 2017; formerly
Adviser to Fairport
Asset Management
LLC/Luma Wealth
Advisors from 2011 to
2019.
|
39
|
Trustee, College of
Wooster since 2006
(Chair since 2021);
Trustee, Great Lakes
Theater Festival since
2005; and Member of
Advisory Committee,
Certified Investment
Fund Director Institute
from 2015 to 2020.
|
Name
Address
Year of Birth
|
Position Held
with Trust
|
Term of Office
And Length of
Time Served
|
Principal
Occupation(s)
During Past 5 Years
|
Number
of Funds
Overseen
in the
Touchstone
Fund Complex(2)
|
Other
Directorships
Held During the
Past 5 Years(3)
|
William H. Zimmer III
c/o Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1953
|
Trustee
|
Until retirement at age
75 or until he resigns
or is removed
Trustee since 2022
|
Independent Treasury
Consultant since 2014.
|
39
|
Director, Deaconess
Associations, Inc.
(healthcare) since
2001; Trustee,
Huntington Funds
(mutual funds) from
2006 to 2015; and
Director, National
Association of
Corporate Treasurers
from 2011 to 2015.
|
Name
Address
Year of Birth
|
Position Held
with Trust(1)
|
Term of Office and
Length of Time
Served
|
Principal Occupation(s)
During Past 5 Years
|
E. Blake Moore, Jr.
Touchstone Advisors, Inc.
303 Broadway,
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1958
|
President and Trustee
|
Until resignation, removal or disquali-
fication
President since 2022
|
See biography above.
|
Timothy D. Paulin
Touchstone Advisors, Inc.
303 Broadway
Suite 1100 Cincinnati, Ohio 45202
Year of Birth: 1963
|
Vice President
|
Until resignation, removal or disquali-
fication Vice
President since 2022
|
Senior Vice President of Investment
Research and Product Management of
Touchstone Advisors, Inc.
|
Timothy S. Stearns
Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1963
|
Chief Compliance Officer
|
Until resignation, removal or disquali-
fication
Chief Compliance Officer since 2022
|
Chief Compliance Officer of
Touchstone Advisors, Inc. and
Touchstone Securities, Inc.
|
Terrie A. Wiedenheft
Touchstone Advisors, Inc.
303 Broadway
Suite 1100
Cincinnati, Ohio 45202
Year of Birth: 1962
|
Controller and Treasurer
|
Until resignation, removal or disquali-
fication
Controller and Treasurer since 2022
|
Senior Vice President and Chief
Administration Officer within the
Office of the Chief Marketing Officer of
Western & Southern Financial Group
(since 2021); and Senior Vice President,
Chief Financial Officer, and Chief
Operations Officer of IFS Financial
Services, Inc. (a holding company).
|
Benjamin V. Mollozzi
Western & Southern Financial Group
400 Broadway
Cincinnati, Ohio 45202
Year of Birth: 1984
|
Secretary
|
Until resignation, removal or disquali-
fication
Secretary since November 2023
|
Counsel - Securities/Registered Funds
of Western & Southern Financial Group
(2022 to present); Attorney at U.S. Bank
(2021 to 2022); Attorney at Ultimus
Fund Solutions, LLC (2016 to 2021).
|
|
Trustees
|
|||||||
|
Interested Trustees
|
Independent Trustees
|
||||||
Fund
|
Jill T.
McGruder
|
E. Blake
Moore, Jr.
|
Karen
Carnahan
|
Susan M.
King
|
William C.
Gale
|
Sally J. Staley (2)
|
Kevin A.
Robie
|
William H.
Zimmer III
|
Dynamic International ETF
|
None
|
None
|
None
|
None
|
None
|
None
|
None
|
None
|
Aggregate Dollar Range of Securities in the Touchstone Fund
Complex(1)
|
Over
$100,000
|
Over
$100,000
|
$50,001
-$100,000
|
$50,001
-$100,000
|
$50,001
-$100,000
|
None
|
Over
$100,000
|
Over
$100,000
|
Name
|
Compensation from the Trust
|
Aggregate Compensation from the
Touchstone Fund Complex(1)
|
Interested Trustees
|
|
|
Jill T. McGruder
|
$—
|
$—
|
E. Blake Moore, Jr.
|
$—
|
$—
|
Independent Trustees(2)
|
|
|
Karen Carnahan
|
$4,400
|
$176,000
|
William C. Gale
|
$4,700
|
$188,000
|
Susan J. Hickenlooper(3)
|
$4,400
|
$176,000
|
Susan M. King
|
$4,025
|
$161,000
|
Kevin A. Robie
|
$4,025
|
$161,000
|
Sally J. Staley(4)
|
$—
|
$—
|
William H. Zimmer III
|
$4,025
|
$161,000
|
|
Retainer
|
Governance
Committee
Meeting
Attendance
Fees
|
Audit
Committee
Meeting
Attendance
Fees
|
Board
Meeting
Attendance
Fees
|
Retainer and Meeting Attendance Fees
|
$29,500
|
$6,000
|
$6,000
|
$7,250
|
Lead Independent Trustee Fees
|
$8,100
|
|
|
|
Committee Chair Fees
|
$1,500
|
$3,000
|
$3,000
|
|
Telephonic/Virtual Meeting Attendance Fee = $2,500
|
|
|
|
|
Limited items in-person meeting = $3,500
|
|
|
|
|
Fund
|
Annual Investment Advisory Fee Rate
|
Dynamic International ETF
|
0.55% on the first $500 million; and 0.50% on assets over $500
million
|
Fund
|
Date of Fiscal
Period End
|
Gross Advisory Fee Paid
|
Fees Waived/Recouped
|
Touchstone Dynamic International ETF (Predecessor Fund)
|
12/31/2020
|
$203,607
|
$367,610
|
12/31/2021
|
$221,461
|
$373,151
|
|
12/31/2022
|
$176,178
|
$385,701
|
Fund
|
Date of Fiscal
Period End
|
Sub-Advisory Fees Paid
|
Touchstone Dynamic International ETF (Predecessor Fund)
|
12/31/2020
|
$65,154
|
12/31/2021
|
$70,867
|
|
12/31/2022
|
$56,377
|
Portfolio Manager/Types of Accounts
|
Total
Number of
Other
Accounts
Managed
|
Total Other
Assets
|
Number of
Other Accounts
Managed subject
to a Performance
Based Advisory Fee
|
Total Other Assets
Managed subject
to a Performance
Based Advisory
Fee (million)
|
Hal W. Reynolds, CFA
|
|
|
|
|
Registered Investment Companies
|
15
|
$6,203,751,344
|
1
|
$3,311,932,043
|
Other Pooled Investment Vehicles
|
19
|
$9,802,235,230
|
4
|
$812,468,661
|
Other Accounts
|
44
|
$9,984,821,369
|
8
|
$6,087,730,162
|
Daniel Arche, CFA
|
|
|
|
|
Registered Investment Companies
|
7
|
$1,617,333,456
|
0
|
$0
|
Other Pooled Investment Vehicles
|
6
|
$1,440,724,462
|
2
|
$474,941,914
|
Other Accounts
|
12
|
$1,845,618,679
|
0
|
$0
|
Ed Rackham, Ph.D.
|
|
|
|
|
Registered Investment Companies
|
0
|
$0
|
0
|
$0
|
Other Pooled Investment Vehicles
|
0
|
$0
|
0
|
$0
|
Other Accounts
|
2
|
$995,521
|
0
|
$0
|
|
Aggregate Brokerage Commissions
|
||
Fund
|
2020
|
2021
|
2022
|
Touchstone Dynamic International ETF (Predecessor Fund)
|
$4,269
|
$819
|
$3,349
|
|
Date of Fiscal Period End
|
Portfolio Turnover
|
Touchstone Dynamic International ETF (Predecessor Fund)
|
12/31/2021
|
20
%
|
12/31/2022
|
60
%
|
Fund Name and Share Class
|
Name and Address
|
Percentage
of Class
|
Dynamic Allocation Fund Class Y
|
NATIONAL FINANCIAL SERVICES CORP
(FBO) OUR CUSTOMERS
ATTN MUTUAL FUNDS DEPARTMENT 4TH FL
499 WASHINGTON BLVD
JERSEY CITY NJ 07310-2010
|
53.15
%
|
|
MLPF & S THE SOLE BENEFIT OF
FOR IT'S CUSTOMERS
ATTN FUND ADMISTRATION
4800 DEER LAKE DR EAST-2ND FLR
JACKSONVILLE FL 32246
|
7.89
%
|
|
LPL FINANCIAL
A/C 1000-0005
4707 EXECUTIVE DRIVE
SAN DIEGO CA 92121-3091
|
5.93
%
|
Fund
|
Standard Transaction Fee
|
Maximum Variable Transaction Fee*
(All Funds)
|
Dynamic International ETF
|
$2,100
|
3
%
|
Fund
|
Standard Transaction Fee
|
Maximum Variable Transaction Fee*
(All Funds)
|
Dynamic International ETF
|
$2,100
|
|