From Touchstone Investments:
IMPORTANT NEW CONVERSION DATE
Touchstone Mutual Fund Conversion to Exchange-Traded Fund Q4 2023
Touchstone Dynamic Allocation Fund
The Special Meeting of Shareholders on October 2, 2023 has been adjourned to October 27, 2023 (the “Special Meeting”). Certain dates in connection with the Reorganization have been changed as noted in the table below to reflect a delay in the Reorganization.
On February 16, 2023, the Board of Trustees of the Touchstone Strategic Trust (“Trust”) approved converting the Touchstone Dynamic Allocation Fund (the “Target Fund”) into an exchange-traded fund (“ETF”) by the reorganization of the Fund into a new ETF (“Acquiring Fund”), which upon filing and regulatory approval will be a newly-created fund in the Touchstone family of funds, (the “Reorganization”). The Fund’s shareholders will be required to approve the Reorganization.
| TA# | Existing Touchstone Fund Name | CUSIP | TICKER |
| 3067 | Dynamic Allocation Fund Class A | 89154Q307 | TSMAX |
| 3068 | Dynamic Allocation Fund Class C | 89154Q406 | TSMCX |
| 3086 | Dynamic Allocation Fund Class Y | 89154Q505 | TSMYX |
- The Reorganization is expected to be tax-free for U.S. federal income tax purposes.
- In connection with the Reorganization, the Target Fund closed to new shareholders on May 15, 2023 and was closed to new purchases on September 29, 2023.
- After the Reorganization, shareholders may only purchase or sell shares of the Acquiring ETF on a national securities exchange at prevailing market prices through a broker-dealer.
- The Target Fund is sub-advised by Wilshire Associates Incorporated (“Wilshire”). The Acquiring ETF will be sub-advised by Los Angeles Capital Management LLC (“Los Angeles Capital”).
| Effective Date (COB) | Conversion Events | Impact to Shareholders |
| 9/29/2023 | The Fund closed to new purchases | Purchase orders for trade dates 10/2/23 and beyond will not be accepted |
| 11/1/2023 | IRA/CESA accounts which have not moved to a Brokerage Account will be exchanged to the appropriate share class of the Touchstone Ultra Short Duration Fixed Income Fund. | If no action is taken prior to this date, all IRA and CESA accounts will be automatically exchanged to an appropriate share class of the Touchstone Ultra Short Duration Fixed Income Fund. |
| 11/10/2023 | Publicly available share classes will be consolidated into one share class. | Share classes will automatically consolidate into the Y share class. |
| 11/15/2023 | Last trade date to redeem shares of the Fund via NSCC. | Final trade date to redeem shares of the mutual fund or exchange shares for another mutual fund via NSCC. |
| 11/17/2023 | Reverse stock split occurs for the Y share class. | The total dollar value of a shareholder’s investment in the Fund will not change but the amount of shares owned will change. |
| 11/20/2023 | Last trade date to redeem shares of the Fund. | Final trade date to redeem shares of the mutual fund or exchange shares for another mutual fund. |
| 11/27/2023 | Fractional share liquidation. | Shareholders will receive a small amount of proceeds representing any fractional shares owned. This payment is taxable. |
| 12/1/2023 | Conversion from mutual fund to ETF. | Conversion from the Dynamic Allocation Fund to the |
Should you have any questions, DTCC participant firms are invited to call BNY Mellon Broker Dealer Services at 877-332-2371. For any fund direct business or fund related inquiries, please contact Touchstone Shareholder Services at 800-543-0407.
FOR BROKER DEALER USE ONLY
P.O. Box 534467 ● Pittsburgh, PA 15253-4467
ph 800.543.0407 ● fax 508.599.4066 ● TouchstoneInvestments.com
Touchstone Securities, Inc. ● Member FINRA and SIPC
TC136584(1023)1