Touchstone Dividend Select ETF

Touchstone Dividend Select ETF (DVND) is an actively managed fund. Instead of copying an index, Fort Washington Investment Advisors picks about 55 US large-cap stocks with a record of paying dividends. It looks for steady dividend growth, lasting competitive advantages and reasonable prices. Its 0.50% expense ratio is more than double the 0.23% peer average. With $52.7 million in net assets as of June 30, 2026, it is the smallest in its peer group.

• Over the year to Oct 27, 2026, DVND returned +12.9%, 8th of 9 among similar funds.
• Its worst full calendar year was 2024 (+11.6%); its best was 2025 (+16.4%).
• The deepest fall in its price history was 14.8% (Aug 16, 2022 to Oct 12, 2022), recovered by Nov 22, 2022.

As of Jun 30, 2026, the fund held 55 securities; the ten largest made up 26.41% of assets, and 3.47% sat in cash and money-market holdings.

By sector

• Over the three months to Jun 30, 2026, investors added a net $10.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.71%, +2.89%, +0.10%.

DVND does not track an index. It is actively managed, which means a portfolio manager chooses the stocks. In normal markets, at least 80% of assets go into US large-cap companies that have paid dividends in the past. Here, "large-cap" means a company whose total market value is within the S&P 500's range at the time of purchase. That range was about $5.54 billion to $4.53 trillion as of December 31, 2025.

The sub-adviser, Fort Washington Investment Advisors, looks for three traits. The first is a record of steady, growing dividends. The second is a lasting competitive advantage that should earn the extra profit needed to keep paying them. The third is a share price that looks reasonable next to the manager's estimate of the business's intrinsic, or underlying, value. The manager judges advantage by barriers to entry, such as low costs, scale, customer loyalty or a government license. It rates scale combined with loyalty as the strongest.

The fund usually holds 40 to 55 companies and keeps cash under 10%. The prospectus sets no weighting formula or rebalancing schedule, so position sizes are the manager's call. A stock is generally sold if it no longer fits the guidelines, stops paying a dividend with little hope of restarting, or a better opportunity appears. Portfolio turnover was 17%, a fairly low rate of trading. As of June 30, 2026, the fund held 55 companies. The largest were Microsoft (3.8%), Broadcom (3.4%) and KLA (3.1%). Cash was 3.5%, and the fund held no derivatives.

• DVND charges 0.5% a year, versus an average of 0.23% for the similar funds below (7th of 9, cheapest first).
• Of that, 0.55% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.65% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $1,339 over 10 years (assuming a 5% annual return).

Its spread of about 55 US large-cap dividend payers could form part of a portfolio's stock allocation, though it costs more than most similar funds.

DVND launched on August 2, 2022. It has no record through the 2008 crisis or the 2020 crash, and it missed most of the 2022 bear market. Its deepest drop was 14.8%, from August 16 to October 12, 2022. It recovered by November 22, 2022, in about 1.3 months. It had no losing calendar year from 2023 to 2025, and its weakest year, 2024, still gained 11.6%. That short, mostly rising record says little about how it would hold up for someone who has to sell shares during a long slump.

Income is modest: the trailing 12-month yield was 1.76% as of October 27, 2026, paid quarterly. The fund costs 0.50% a year, more than twice the 0.23% peer average. Past results don't predict future ones. A retirement plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.