Updated name reflects long-standing
sub-advisor relationship with Ares
CINCINNATI, April 25,
2022 /PRNewswire/ -- Touchstone Investments, a
Distinctively Active mutual fund company, announced today that the
Touchstone Credit Opportunities Fund is now the Touchstone Ares
Credit Opportunities Fund (the "Fund"). The updated name reflects
the long-standing, successful sub-advisor relationship of the
Touchstone Fund with Ares Management Corporation (NYSE: ARES)
("Ares")1, a leading global alternative investment
manager with offices in the North
Asia Pacific and the Middle East.
The Fund seeks to provide current income and capital
appreciation by opportunistically investing across multiple credit
asset classes with flexibility aimed at capitalizing on market
inefficiencies and relative value opportunities. Portfolio risks,
including credit risk and interest rate risk, are actively managed.
The investment strategies and current investment process of the
Fund are unchanged.
"Ares is a leading, global alternative asset manager and we
wanted to bring it to the forefront via the name of the Fund," said
Blake Moore, president and chief
executive officer of Touchstone Investments. "As market conditions
continue to evolve, especially in this interest rate environment,
it is important to consider an active manager such as Ares. Its
dedicated investment team, deep fundamental credit research,
integrated operating platform and broad perspective of relative
value have helped produce a track record of strong risk-adjusted
returns through varying market conditions."
Touchstone incorporates a sub-advisor model that offers
investors access to institutional asset managers whose strategies
are typically not available to the average investor. The Fund seeks
to generate absolute returns by investing primarily in global debt
instruments, identifying opportunities believed to offer attractive
relative value when compared to their fundamental credit risk. Ares
incorporates a flexible investment strategy with the ability to
allocate between high yield bonds, syndicated loans, CLO securities
and liquid special situations.
"We look forward to continuing our long-standing relationship
with Touchstone and to delivering upon our objective of providing
our Fund investors access to institutional quality investment
opportunities," said Kapil Singh,
partner and portfolio manager of U.S. Liquid Credit at Ares. "We
plan to continue leveraging the global Ares platform, including our
leading credit investment experience and integrated and
collaborative approach, to support our investors' long-term
The Touchstone Ares Credit Opportunities Fund's tickers—TMARX
for Class A Shares, TMACX for Class C Shares, TMAYX for Class Y
Shares, and TARBX for INST Shares — will remain the same.
In addition to the updated name, beginning April 2022 the Fund will declare and pay
dividends on a monthly, rather than quarterly,
Learn more at Touchstone Ares Credit Opportunities Fund.
1. Ares Management Corporation is the parent company
of the Fund's sub-advisor, Ares Capital Management II LLC.
2.There is no guarantee dividends will be paid.
About Touchstone Investments
to being Distinctively Active has purposeful intent. Recognizing
that not all mutual fund companies are created equal, we actively
apply an integrated and rigorous approach for identifying and
partnering with highly-skilled asset managers who act in a
sub-advisory capacity. Their expertise, disciplined investment
processes and employment of active management provide the
differentiation required for robust portfolio construction.
Touchstone offers a full breadth of investment options across
styles and asset classes, including U.S. equity,
international/global equity, income and multi-asset funds. The
Touchstone Funds are advised by Touchstone Advisors, Inc., a
registered investment adviser, and are distributed nationally
through intermediaries including broker-dealers, registered
investment advisers, institutions and others by Touchstone
Securities, Inc., a registered broker-dealer and member
FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments
are federal service mark registrations and applications owned by
IFS Financial Services, Inc. Touchstone Securities, Inc.,
Touchstone Advisors, Inc., and IFS Financial Services, Inc., are
members of Western & Southern Financial Group. For more
information, please visit TouchstoneInvestments.com.
About Ares Management Corporation
Corporation (NYSE: ARES) is a leading global alternative investment
manager offering clients complementary primary and secondary
investment solutions across the credit, private equity, real estate
and infrastructure asset classes. We seek to provide flexible
capital to support businesses and create value for our stakeholders
and within our communities. By collaborating across our investment
groups, we aim to generate consistent and attractive investment
returns throughout market cycles. As of December 31, 2021, Ares Management Corporation's
global platform had approximately 2,100 employees operating across
North America, Europe, Asia
Pacific and the Middle East
and approximately $314 billion of
assets under management, including Ares Management's acquisition of
AMP Capital's Infrastructure Debt platform which closed
February 10, 2022. For more
information, please visit www.aresmgmt.com.
Jacob Silber, 212.301.0376
Investment return and principal value of an investment in a
Fund will fluctuate so that investor's shares, when redeemed, may
be worth more or less than their original cost.
Please consider the investment objectives, risks, charges and
expenses of the Fund carefully before investing. The prospectus and
the summary prospectus contain this and other information about the
Fund. To obtain a prospectus or a summary prospectus, contact your
financial professional or download and/or request one at
TouchstoneInvestments.com/resources or call Touchstone at
800.638.8194. Please read the prospectus and/or summary prospectus
carefully before investing.
Touchstone Funds are distributed by Touchstone Securities,
*A registered broker-dealer and member FINRA/SIPC
Not FDIC Insured | No Bank Guarantee | May Lose Value
SOURCE Western & Southern Financial Group