TSMAX — Touchstone Dynamic Global Allocation Fund
Data updated: 2023-11-24
TSMAX — Touchstone Dynamic Global Allocation Fund. Money Market · $58.40M AUM · 1.16% expense ratio. Holdings, fees, performance and SEC filings.
TSMAX Fund Overview
TSMAX — Touchstone Dynamic Global Allocation Fund is a US mutual fund managed by Touchstone Strategic Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Touchstone Strategic Trust
- Category: Money Market
- Assets under management: $58.40M
- 1-year return: 12.1%
- Ticker: TSMAX
- SEC CIK: 0000711080
- SEC series ID: S000035688
- Share class ID: C000109274
TSMAX Investment Objective and Strategy
Touchstone Dynamic Global Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Touchstone Strategic Trust.
Investment objective
The Touchstone Dynamic Global Allocation Fund (the Fund) seeks to provide investors with capital appreciation.
Principal investment strategy
The Fund is a fund-of-funds, which seeks to achieve its investment goal by primarily investing in a diversified portfolio of underlying equity and fixed-income funds. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities (although a portion of its assets may be invested in cash, cash equivalents, or in money market funds). The majority of the underlying funds in which the Fund invests will be affiliated funds; however, the Fund will have the ability to invest in unaffiliated underlying funds, including exchange-traded funds (ETFs) and exchange-traded notes (ETNs), to the extent that the desired asset class exposure is not available through Touchstone Funds. Under normal circumstances, the Fund (through its investment in underlying funds) will invest at least 40% of its portfolio in securities of issuers outside of the United States.
The following table details, under normal circumstances, how the Fund generally expects to allocate its assets among equity and fixed-income funds, as of the date of this prospectus. Allocations Approximate Allocation Range Approximate Strategic Allocation Equity Fund Allocation 45-75% 60% Fixed-Income Fund Allocation 25-55% 40% The Fund may invest up to 45% of its assets in any individual underlying fund. Several of the underlying funds in which the Fund invests may invest without limit in securities of issuers outside of the United States. As a result, the Fund will have exposure to foreign markets (including emerging markets). The Fund, through its investment in underlying funds, may also be exposed to equity securities of companies of all market capitalizations, including small-, mid-, and large-cap companies.
Though not expected to be a substantial part of the overall strategy of the Fund, the Fund, through its investment in underlying funds, will gain exposure to additional strategies and instruments of the underlying funds, including: collateralized loan obligations, derivatives (such as futures contracts, options, and swaps), and real estate investments. The Funds sub-advisor, Wilshire Associates Incorporated (Wilshire or Sub-Advisor), seeks to develop an optimal model allocation among underlying funds that seeks to provide capital appreciation through global exposure to a broad array of assets classes and investment strategies. The underlying funds encompass funds with both growth and income objectives. Wilshire and the Funds Advisor routinely agree on the universe of underlying funds that Wilshire may consider when making allocation decisions.
Wilshire, subject to approval by the Funds Advisor, may change the Funds target allocation to each asset class, the underlying funds in each asset class (including the addition or removal of funds from the universe of underlying funds), or target allocations to each underlying fund without prior approval from or notice to shareholders. For information on the underlying funds, please see the section entitled Additional Information Regarding the Underlying Funds under Principal Investment Strategies and Risks in the Funds prospectus.
TSMAX Performance
Total returns for TSMAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.1% |
| 3 years (annualised) | 0.7% |
TSMAX Risk Information
Risk metrics for TSMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.1%
TSMAX Costs and Fees
TSMAX costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.67%
- Portfolio turnover: 60%
- Brokerage commissions: 0.48 bps of average net assets (SEC N-CEN)
TSMAX Cashflows
Over the 12 months to 2023-09, Touchstone Dynamic Global Allocation Fund had net outflows of $6.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | −$938.78K |
| 2023-08 | −$1.65M |
| 2023-07 | −$1.81M |
| 2023-06 | −$584.06K |
| 2023-05 | −$380.93K |
| 2023-04 | −$420.60K |
TSMAX Debt Constituents
No individual debt constituents are reported in Touchstone Dynamic Global Allocation Fund's latest SEC N-PORT filing.
TSMAX Prospectus and SEC Filings
Official Touchstone Dynamic Global Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-27
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-04-28
- Portfolio holdings (N-PORT) — filed 2023-11-24
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Annual census (N-CEN) — filed 2023-03-14
- Annual census (N-CEN) — filed 2022-03-10
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.