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Touchstone Dividend Equity Fund
mutual fund
TQCRX
Payout Change
Pending
Price as of:
$18.18
+0.08
+0.44%
primary theme
U.S. Large-Cap Value Equity
share class
TQCRX (Mutual Fund)
Touchstone Dividend Equity Fund
Payout Change
Pending
Price as of:
$18.18
+0.08
+0.44%
primary theme
U.S. Large-Cap Value Equity
share class
TQCRX (Mutual Fund)
Touchstone Dividend Equity Fund
Payout Change
Pending
Price as of:
$18.18
+0.08
+0.44%
primary theme
U.S. Large-Cap Value Equity
share class
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.8%
1 yr return
14.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$2.31 B
Holdings in Top 10
20.0%
52 WEEK LOW AND HIGH
$18.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.39%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 83.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TQCRX - Profile
Distributions
- YTD Total Return 13.8%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.26%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTouchstone Dividend Equity Fund
-
Fund Family NameTouchstone Funds
-
Inception DateAug 02, 2021
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAustin Kummer
Fund Description
The Fund invests, under normal market conditions, at least 80% of its assets in equity securities of U.S. large-cap companies that have historically paid dividends. The Fund’s 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days’ prior notice to shareholders. For the purpose of the Fund’s 80% policy, a large capitalization company has a market capitalization within the range represented in the S&P 500 Index (between approximately $6.5 billion and $2.9 trillion as of December 31, 2023) at the time of purchase. These securities may be listed on an exchange or traded over-the-counter.In selecting securities for the Fund, the Fund’s sub-adviser, Fort Washington Investment Advisors, Inc. (the “Sub-Adviser”), seeks to invest in companies that:•Have historically paid consistent, growing dividends•Have sustainable competitive advantages that should result in excess profits to support future dividend payments•Trade at reasonable valuations compared to their intrinsic valueThe Sub-Adviser believes the unique approach results in a portfolio of high quality companies with sustainable competitive advantages that should pay reliable, growing dividends at reasonable valuations. The Sub-Adviser evaluates a company’s competitive advantage by assessing its barriers to entry. The barrier(s) to entry can be created through a cost advantage, economies of scale, high customer loyalty, or a government barrier (e.g., license or subsidy). The Sub-Adviser believes that the strongest barrier to entry is the combination of economies of scale and high customer loyalty.The Fund will generally hold 65 to 90 companies, with residual cash and equivalents expected to represent less than 10% of the Fund’s net assets. The Fund may, at times, hold fewer securities and a higher percentage of cash and equivalents when, among other reasons, the Sub-Adviser cannot find a sufficient number of securities that meets its purchase requirements.The Fund will generally sell a security if the security does not meet portfolio guidelines, if the security stops paying a dividend and future prospects of paying a dividend are limited, or if better opportunities exist based on the fundamentals and valuation of the business.
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TQCRX - Performance
Return Ranking - Trailing
| Period | TQCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | -32.9% | 48.1% | 56.04% |
| 1 Yr | 14.3% | -32.6% | 48.2% | 56.51% |
| 3 Yr | N/A* | -9.3% | 17.8% | 98.08% |
| 5 Yr | N/A* | -2.1% | 43.8% | 98.27% |
| 10 Yr | N/A* | 1.2% | 24.7% | 90.21% |
* Annualized
Return Ranking - Calendar
| Period | TQCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.6% | -16.9% | 46.1% | 51.88% |
| 2022 | N/A | -64.7% | 4.6% | N/A |
| 2021 | N/A | -44.2% | 57.5% | N/A |
| 2020 | N/A | -23.2% | 285.0% | N/A |
| 2019 | N/A | -21.4% | 48.5% | N/A |
Total Return Ranking - Trailing
| Period | TQCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.8% | -32.9% | 48.1% | 56.04% |
| 1 Yr | 14.3% | -32.6% | 48.2% | 56.51% |
| 3 Yr | N/A* | -9.3% | 17.8% | 96.61% |
| 5 Yr | N/A* | -2.1% | 43.8% | 98.08% |
| 10 Yr | N/A* | 1.2% | 24.7% | 88.82% |
* Annualized
Total Return Ranking - Calendar
| Period | TQCRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.2% | -15.9% | 46.7% | 49.53% |
| 2022 | N/A | -42.0% | 8.5% | N/A |
| 2021 | N/A | 3.6% | 129.7% | N/A |
| 2020 | N/A | -22.6% | 304.8% | N/A |
| 2019 | N/A | -12.7% | 52.1% | N/A |
NAV & Total Return History
TQCRX - Holdings
Concentration Analysis
| TQCRX | Category Low | Category High | TQCRX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.31 B | 2.09 M | 163 B | 32.83% |
| Number of Holdings | 87 | 2 | 1727 | 43.59% |
| Net Assets in Top 10 | 506 M | 466 K | 39.5 B | 40.22% |
| Weighting of Top 10 | 20.01% | 4.4% | 99.1% | 88.57% |
Top 10 Holdings
- Microsoft Corp. COM USD0.00000625 3.53%
- Broadcom Inc COM USD0.001 2.17%
- Apple Inc. COM USD0.00001 2.02%
- Medtronic PLC USD0.0001 1.94%
- BlackRock, Inc. COM USD0.01 1.91%
- Stanley Black Decker, Inc. COM USD2.50 1.77%
- Johnson Johnson COM USD1.00 1.70%
- Oracle Corp. COM USD0.01 1.67%
- Home Depot Inc. COM USD0.05 1.66%
- Philip Morris International Inc. COM NPV 1.64%
Asset Allocation
| Weighting | Return Low | Return High | TQCRX % Rank | |
|---|---|---|---|---|
| Stocks | 99.07% | 4.16% | 102.49% | 33.21% |
| Cash | 0.93% | 0.00% | 17.28% | 66.70% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 48.83% |
| Other | 0.00% | -2.59% | 39.89% | 56.88% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 45.68% |
| Bonds | 0.00% | 0.00% | 97.99% | 47.80% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TQCRX % Rank | |
|---|---|---|---|---|
| Technology | 20.14% | 0.00% | 54.02% | 5.67% |
| Healthcare | 14.05% | 0.00% | 30.08% | 82.81% |
| Financial Services | 13.88% | 0.00% | 58.05% | 88.48% |
| Industrials | 11.59% | 0.00% | 42.76% | 48.44% |
| Consumer Defense | 9.06% | 0.00% | 34.10% | 39.19% |
| Communication Services | 7.80% | 0.00% | 26.58% | 19.92% |
| Consumer Cyclical | 7.65% | 0.00% | 22.74% | 25.68% |
| Energy | 6.53% | 0.00% | 54.00% | 70.63% |
| Utilities | 3.85% | 0.00% | 27.04% | 59.11% |
| Basic Materials | 2.84% | 0.00% | 20.01% | 63.46% |
| Real Estate | 2.62% | 0.00% | 90.54% | 49.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TQCRX % Rank | |
|---|---|---|---|---|
| US | 99.07% | 4.16% | 102.49% | 26.94% |
| Non US | 0.00% | 0.00% | 24.08% | 62.49% |
TQCRX - Expenses
Operational Fees
| TQCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.39% | 0.03% | 14.82% | 20.94% |
| Management Fee | 0.52% | 0.00% | 1.50% | 40.15% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.00% | 0.50% | 64.43% |
Sales Fees
| TQCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
| TQCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TQCRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 83.00% | 0.00% | 488.00% | 84.59% |
TQCRX - Distributions
Dividend Yield Analysis
| TQCRX | Category Low | Category High | TQCRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.06% | 0.00% | 16.67% | 25.09% |
Dividend Distribution Analysis
| TQCRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Semi-Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| TQCRX | Category Low | Category High | TQCRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.26% | -1.51% | 4.28% | 8.91% |
Capital Gain Distribution Analysis
| TQCRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 11, 2024 | $0.035 | CapitalGainShortTerm |
| Dec 11, 2024 | $0.931 | CapitalGainLongTerm |
| Sep 27, 2024 | $0.093 | OrdinaryDividend |
| Mar 28, 2024 | $0.106 | OrdinaryDividend |
| Dec 27, 2023 | $0.149 | OrdinaryDividend |
| Dec 13, 2023 | $0.012 | CapitalGainShortTerm |
| Dec 13, 2023 | $0.421 | CapitalGainLongTerm |
| Sep 27, 2023 | $0.093 | OrdinaryDividend |
| Jun 28, 2023 | $0.091 | OrdinaryDividend |
| Mar 29, 2023 | $0.092 | OrdinaryDividend |
| Dec 28, 2022 | $0.049 | OrdinaryDividend |
| Dec 09, 2022 | $0.586 | OrdinaryDividend |
| Sep 28, 2022 | $0.086 | OrdinaryDividend |
| Jun 28, 2022 | $0.088 | OrdinaryDividend |
| Mar 29, 2022 | $0.104 | OrdinaryDividend |
| Dec 29, 2021 | $0.081 | OrdinaryDividend |
| Dec 09, 2021 | $0.311 | OrdinaryDividend |
| Sep 28, 2021 | $0.078 | OrdinaryDividend |
TQCRX - Fund Manager Analysis
Managers
Austin Kummer
Start Date
Tenure
Tenure Rank
Jul 19, 2021
0.87
0.9%
Austin Kummer is a vice president and senior portfolio manager, focused on portfolio management and research functions within several strategies, including Total Return Fixed Income, Multi-Strategy, Private Debt, and Dividend Equity. Kummer joined the firm in 2013. Prior to becoming a portfolio manager, he was primarily focused on investment grade credit research. Kummer received a BBA from Ohio University in Finance and Business Economics and an MBA in Finance from Xavier University. He is a CFA charterholder.
Brendan White
Start Date
Tenure
Tenure Rank
Jul 19, 2021
0.87
0.9%
Brendan M. White, CFA, is a senior vice president and co-chief investment officer of Fort Washington Investment Advisors, Inc., a wholly owned subsidiary of Western & Southern Financial Group, based in Cincinnati, Ohio. In this role, White is responsible for overseeing the investment activity for all assets under management with emphasis on Fixed Income. He collaborates closely with Jim Vance, co-chief investment officer, on all investment decisions and shares responsibility for asset allocation and macro-positioning for both Fort Washington and the Western & Southern Financial Group. White joined Fort Washington in 1993 and has more than 30 years of industry experience. He spent much of his career building, growing and managing the Fort Washington Leveraged Credit team. Prior to joining the firm, he was with Ohio Casualty Corporation where he was a securities analyst supporting the High Yield and Mortgage Backed Securities portfolios. White is a Chartered Financial Analyst with an MBA from Xavier University and a bachelor's degree in business administration finance from The Ohio State University.
James Wilhelm
Start Date
Tenure
Tenure Rank
Jul 19, 2021
0.87
0.9%
James E. Wilhelm, Jr, is a managing director and senior portfolio manager of the Focused Equity and Large Cap Focused Equity investment strategies and is responsible for the investment process and portfolio construction. He has research sector coverage for consumer staples and consumer discretionary and also manages a team of senior research analysts and a product specialist. Wilhelm joined the firm in 2002 and started the Focused Equity strategy in 2007. Prior to Fort Washington, he served as an equity research analyst for Riggs Investment Management Corp. and First Union Securities. Previously he worked for Evergreen Funds and Salomon Smith Barney. Wilhelm earned a bachelor’s degree in business administration from Wingate University and an MBA in finance from Johns Hopkins University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.05 | 86.59 | 8.12 | 6.71 |
