As of April 30, Touchstone Investments managed $15.6 billion of assets (excluding money market instruments) invested in a wide range of mutual funds. The mutual funds are managed by equity and fixed income funds as well as domestic and foreign funds. The company seeks to "help investors achieve their financial goals by providing access to a distinctive selection of institutional asset managers who are known and respected for proficiency in their specific area of expertise." Touchstone provides financial services to its clients, with around 18 sub-advisors, including Analytic Investors LLC and Apex Capital Management Inc.
Below, we share with you four top-rated Touchstone mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Touchstone mutual funds, investors can click here.
Touchstone Mid Cap Value Fund Adv (MUTF:TCVYX) seeks growth of capital. It invests a large chunk of its assets in common stocks of companies having market capitalization within the range of the Russell Midcap Index. The fund gained 16.9% over the last three-month period.
Jay C. Willadsen has been one of the fund managers of TCVYX since 2014.
Touchstone Dynamic Diversified Income Fund A (MUTF:TBAAX) is a "fund of funds." It invests in a wide range of underlying mutual funds, including both equity and fixed-income focused mutual funds. Most of the underlying funds in which TBAAX invests its assets are expected to be affiliated. It gained 8.9% over the last three-month period.
TBAAX has an expense ratio of 0.49%, as compared to the category average of 0.80%.
Touchstone Value Fund A (MUTF:TVLAX) seeks capital appreciation over the long run. It invests primarily in equity securities of mid- and large-cap companies. The fund invests in securities of companies that are believed to be undervalued. TVLAX may invest not more than 15% of its assets in securities of companies located in foreign lands. It gained 10.3% over the last three-month period.
As of March 2016, TVLAX held 46 issues, with 3.57% of its assets invested in Verizon Communications Inc. (NYSE:VZ)
Touchstone Active Bond Fund Adv (MUTF:TOBYX) invests a lion's share of its assets in bonds, including government as well as corporate debt securities, and mortgage-related securities. It may also invest a maximum of 20% of its assets in debt securities that are issued by foreign entities. The fund gained 1.4% over the last three-month period.
TOBYX has an expense ratio of 0.65%, as compared to the category average of 0.82%.