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TMGAX Touchstone Merger Arbitrage A

  • Fund
  • TMGAX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Market Neutral

TMGAX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 2.2%
  • 5 Yr Annualized Return 1.8%
  • Net Assets $43.6 M
  • Holdings in Top 10 32.1%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.19%

SALES FEES

  • Front Load 5.00%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 214.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$1,000

Investment Themes

CATEGORY

Market Neutral
  • Fund Type Open End Mutual Fund
  • Investment Style Market Neutral

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 0.5%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Touchstone Merger Arbitrage Fund
  • Fund Family Name Touchstone
  • Inception Date Aug 09, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States

Fund Description

The fund primarily invests, in equity securities of U.S. and foreign issuers. Equity securities include common stock, preferred stock, and warrants. The fund's sub-advisor, seeks to purchase companies that are involved in various types of corporate restructurings, such as tender offers, publicly announced mergers, takeovers, and stock buybacks, convertible bonds, preferred stock, SPACs, debt restructurings, minority purchases, leveraged buyouts, spinoffs, liquidations and other types of arbitrage investments. The fund is non-diversified.

TMGAX - Performance

Return Ranking - Trailing

Period TMGAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -13.0% 17.1% N/A
1 Yr 4.4% -33.5% 5.0% N/A
3 Yr 2.2%* -15.3% 5.9% N/A
5 Yr 1.8%* -22.7% 2.3% N/A
10 Yr N/A* -14.0% 13.9% N/A

* Annualized


Return Ranking - Calendar

Period TMGAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -27.8% 6.2% N/A
2017 N/A -21.2% 6.1% N/A
2016 N/A -8.4% 7.9% N/A
2015 N/A -71.0% 5.6% N/A
2014 N/A -7.6% 5.2% N/A

Total Return Ranking - Trailing

Period TMGAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -13.0% 17.1% N/A
1 Yr -0.9% -33.5% 8.8% N/A
3 Yr 0.5%* -13.2% 7.6% N/A
5 Yr 0.7%* -22.7% 4.1% N/A
10 Yr N/A* -14.0% 15.5% N/A

* Annualized


Total Return Ranking - Calendar

Period TMGAX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -27.8% 8.0% N/A
2017 N/A -9.9% 7.0% N/A
2016 N/A -8.4% 11.2% N/A
2015 N/A -71.0% 5.6% N/A
2014 N/A -7.6% 6.4% N/A

NAV & Total Return History

TMGAX - Holdings

Concentration Analysis

TMGAX Category Low Category High TMGAX % Rank
Net Assets 43.6 M 8.31 M 7.94 B N/A
Number of Holdings 104 8 1081 N/A
Net Assets in Top 10 16.1 M -1.78 B 552 M N/A
Weighting of Top 10 32.10% 5.9% 947.2% N/A

Top 10 Holdings

  1. Capitol Investment Corp IV Units Cons of 1 Class A Shs + 1/3 of 1 redeemabl 4.00%

  2. Gores Holdings III Inc Units (1 Ord Class A & 1/3 War) 3.93%

  3. Nrc Group Holdings Corp 3.84%

  4. Social Capital Hedosophia Holdings Corp Units Cons of 1 Cl A Sh + 1/3 Wt 3.73%

  5. Gores Metropoulos Inc Units (1 Class A & 1/3 War) 3.12%

  6. Collier Creek Holdings Units 2.98%

  7. DiamondPeak Holdings Corp Unit (1 Ordinary share Cls A & 1/3 Wrt) 2.69%

  8. GS Acquisition Holdings Corp Unit 2.66%

  9. TPG Pace Holdings Corp Class A 2.60%

  10. Acamar Partners Acquisition Corp Unit (1 Ordinary Class A & 0.33 War) 2.57%


Asset Allocation

Weighting Return Low Return High TMGAX % Rank
Stocks
92.19% -33.31% 100.96% N/A
Preferred Stocks
3.84% -0.69% 10.66% N/A
Bonds
2.79% -47.88% 30.25% N/A
Cash
1.18% -9.61% 132.20% N/A
Other
0.00% -4.02% 93.48% N/A
Convertible Bonds
0.00% 0.00% 77.54% N/A

Stock Sector Breakdown

Weighting Return Low Return High TMGAX % Rank
Industrials
82.28% -2.10% 328.02% N/A
Financial Services
2.03% -2.63% 20.52% N/A
Consumer Cyclical
1.93% -7.91% 743.61% N/A
Technology
1.54% -705.25% 32.80% N/A
Healthcare
1.22% -7.96% 73.95% N/A
Utilities
0.00% -26.15% 8.92% N/A
Real Estate
0.00% -70.72% 6.21% N/A
Communication Services
0.00% -269.20% 5.75% N/A
Consumer Defense
0.00% -193.88% 32.21% N/A
Basic Materials
0.00% -33.88% 9.25% N/A
Energy
-0.15% -5.65% 191.94% N/A

Stock Geographic Breakdown

Weighting Return Low Return High TMGAX % Rank
US
89.53% -32.17% 109.63% N/A
Non US
2.66% -112.79% 54.85% N/A

Bond Sector Breakdown

Weighting Return Low Return High TMGAX % Rank
Corporate
6.63% -0.70% 87.45% N/A
Cash & Equivalents
1.18% -10.16% 132.18% N/A
Derivative
0.00% -68.08% 3.30% N/A
Securitized
0.00% 0.00% 35.43% N/A
Municipal
0.00% 0.00% 3.44% N/A
Government
0.00% -29.73% 21.36% N/A

Bond Geographic Breakdown

Weighting Return Low Return High TMGAX % Rank
US
2.79% -83.47% 30.25% N/A
Non US
0.00% 0.00% 35.59% N/A

TMGAX - Expenses

Operational Fees

TMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.19% 0.77% 4.58% N/A
Management Fee 1.05% 0.13% 2.00% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.15% 0.04% 0.40% N/A

Sales Fees

TMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Turnover 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.

TMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 214.00% 64.00% 4753.00% N/A

TMGAX - Distributions

Dividend Yield Analysis

TMGAX Category Low Category High TMGAX % Rank
Dividend Yield 0.01% 0.00% 0.11% N/A

Dividend Distribution Analysis

TMGAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

TMGAX Category Low Category High TMGAX % Rank
Net Income Ratio -0.41% -2.09% 2.72% N/A

Capital Gain Distribution Analysis

TMGAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

TMGAX - Managers

Tenure Analysis

Category Low

0.0

Category High

28.84

Category Average

6.42

Category Mode

5.54