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    Touchstone Merger Arbitrage Instl (TMGLX)

    11.05 Down 0.03(0.27%) Jun 24

    Profile as of May 30, 2016Get Profile for:
    Touchstone Merger Arbitrage Instl
    Touchstone Funds Group Trust303 Broadway, Suite 1100Cincinnati, OH 45202
    Phone: 800-543-0407
    Fund Overview 
    Category:Market Neutral
    Fund Family:Touchstone
    Net Assets:198.09M
    Year-to-Date Return:2.31%
    Morningstar Rating:3 stars
    Fund Inception Date:Aug 9, 2011
    Morningstar Style Box 
    Market Neutral
    [View Category Definition]
    View Top Market Neutral Funds
    About the Morningstar Style Box
    Management Information 
    John E. Villela
    Lead Manager since Aug 9, 2011
    John E. Villela, CFA, is Principal and Portfolio Manager and Senior Analyst. Prior to joining Longfellow in 2005, Mr. Villela was a portfolio analyst at State Street Research & Management Company from 2003 to 2005, where he focused on credit assets and short/intermediate duration accounts. From 1999 to 2003, Mr. Villela was a trader at Standish Mellon Asset Management, specializing in credit, asset backed securities, and government and fixed income derivatives.
    Investment Information 
    Min Initial Investment:500,000
    Min Initial Investment, IRA:N/A
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:50
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:50
    TMGLX can be purchased from 25 brokerages.

    Fund Summary 
    The investment seeks to achieve positive absolute returns regardless of market conditions over the long-term. The fund primarily invests, under normal market conditions, in equity securities of U.S. and foreign issuers. It primarily buys securities of companies being acquired (the "target company") in publicly announced transactions where the terms of the transaction have been largely defined and disclosed. The weighted average maturity of the fund's fixed income investments will normally range from 3 to 7 years. The fund is non-diversified.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 10, 2014) : 0.00
    Annual Holdings Turnover (Dec 29, 2015) : 227.00%
    Average for Category:187.85%
    Fees & Expenses 
    ExpenseTMGLXCategory Avg
    Annual Report Expense Ratio (net):1.26%1.73%
    Prospectus Net Expense Ratio:1.30%N/A
    Prospectus Gross Expense Ratio:2.17%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.03%
    Max Deferred Sales Load: N/A1.31%
    3 Yr Expense Projection*:679947
    5 Yr Expense Projection*:1,1641,536
    10 Yr Expense Projection*:2,5033,135
    * Per $10,000 invested