Touchstone Investments to Get Selected Retail Mutual Fund Business enterprise Assets from AIG Daily life & Retirement

NEW YORK–(Business WIRE)–Feb 8, 2021–

AIG Everyday living & Retirement, a division of American International Team, Inc. (NYSE: AIG), and Touchstone Investments, an indirect wholly-owned subsidiary of Western & Southern Financial Team, right now declared they have entered into a definitive agreement for Touchstone to receive selected property of AIG Lifetime & Retirement’s Retail Mutual Cash organization.

AIG’s Life & Retirement’s Retail Mutual Funds enterprise manages $7.8 billion in assets throughout eighteen resources as of December 31, 2020. In the proposed transaction, which is matter to fund shareholder approval and is predicted to close in mid-2021, twelve funds with approximately $7.5 billion in belongings would be reorganized into Touchstone money.

Under the conditions of the settlement, twelve retail mutual funds at the moment managed by SunAmerica Asset Management, LLC (SAAMCo), a member of AIG Life & Retirement, will be reorganized into possibly existing Touchstone resources or into newly made Touchstone cash, every single of which is or will be encouraged by Touchstone. Six retail mutual money presently managed by SAAMCo not bundled in the transaction will be wound down and liquidated. AIG Lifestyle & Retirement will keep its fund management platform and capabilities committed to its variable insurance products. Tables 1 and 2 down below established out the proposed steps for just about every fund.

“Our retail mutual money platform has been a pioneer in procedures-centered investing and has created long-term returns because its inception,” explained Kevin Hogan, Government Vice President and CEO of AIG Lifetime & Retirement. “The determination to market this organization is not related to AIG’s selection to different the Lifestyle & Retirement organization, alternatively we identified that it was no more time main to our offering. We are self-confident that the funds’ shareholders will benefit from the skilled administration, potent distribution platform, scale and provider that Touchstone will give. I would like to sincerely thank the group that has served to make the retail mutual cash small business the achievement that it is right now.”

“We are fully commited to furnishing a seamless changeover for AIG funds’ shareholders to our Touchstone cash,” claimed Blake Moore, President and CEO of Touchstone. “We feel that our actively managed mutual money provide modern alternatives to assistance shareholders realize their monetary objectives. We are self-confident that both of those AIG funds’ shareholders and their fiscal experts will be effectively served by Touchstone.”

Soon after the completion of the acquisition, the Touchstone complicated will exceed $30 billion in property less than administration and will involve 33 mutual funds across asset lessons and expenditure kinds for equally retail and institutional investors.

Piper Sandler and Willkie Farr & Gallagher LLP advised AIG on the transaction.

Table 1: AIG funds that will be mapped into existing Touchstone Money











AIG Fund

Reorganized into existing Touchstone Money

AIG Centered Alpha Massive-Cap

Touchstone Huge Cap Focused Fund

AIG Targeted Advancement Fund

Touchstone Sands Capital Select Development Fund

AIG Energetic Allocation Fund

Touchstone Well balanced Fund

AIG Multi-Asset Allocation Fund

Touchstone Balanced Fund

AIG Strategic Benefit Fund

Touchstone Worth Fund

AIG Senior Floating Fee Fund

Touchstone Credit Alternatives Fund

AIG U.S. Govt Securities Fund

Touchstone Lively Bond Fund

AIG International Dividend Approach Fund

Touchstone Intercontinental Equity Fund

Table 2: AIG cash that will be mapped into new Touchstone cash







AIG Fund

Reorganized into new Touchstone Cash

AIG Focused Dividend System Fund

Touchstone Dividend Fairness Fund

AIG Decide on Dividend Progress Fund

AIG Strategic Bond Fund

Touchstone Strategic Money Opportunities Fund

AIG Adaptable Credit history Fund

The AIG money to be wound down are: AIG Governing administration Cash Marketplace Fund AIG ESG Dividend Fund AIG Cash flow Explorer Fund AIG Little-Cap Fund AIG Commodity Technique Fund and the AIG Japan Fund.

Disclosures

A Registration Assertion for just about every of the Touchstone Dividend Equity Fund and the Touchstone Strategic Profits Chances Fund has been filed with the Securities and Exchange Fee but is not still efficient. Data contained herein is issue to completion or amendment. Fund securities may possibly not be offered nor may possibly features to obtain be recognized prior to the time the Registration Statement becomes effective. This information and facts shall not constitute an supply to market or the solicitation of an give to acquire nor shall there be any sale of these securities in any condition in which this kind of offer, solicitation, or sale would be unlawful prior to registration or qualification underneath the securities rules of any this sort of condition.

Traders really should think about a fund’s investment decision aims, dangers, costs and expenses just before investing. The prospectus and the summary prospectus include this and other facts about the fund. To obtain a prospectus or a summary prospectus for Touchstone Cash, speak to your economical advisor or down load and/or ask for a person at TouchstoneInvestments.com/means or phone Touchstone at 800-638-8194 the prospectus and summary prospectus for an AIG Fund can be attained from your economic advisor, the AIG Resources Sales Desk at 800-858-8850, ext. 6003, or at aig.com/funds. You should study the prospectus and/or summary prospectus cautiously ahead of investing.

AIG Money are recommended by SunAmerica Asset Management, LLC (SAAMCo) and dispersed by AIG Cash Providers, Inc. (ACS), Member FINRA. Harborside 5, 185 Hudson Road, Suite 3300, Jersey Town, NJ 07311, 800-858-8850. SAAMCo and ACS are members of American Worldwide Group, Inc. (AIG). Not FDIC or NCUA/NCUSIF Insured. Could Reduce Price. No Lender or Credit history Union Assurance. Not a Deposit. Not Insured by any Federal Government Agency.

Buyers and shareholders of the AIG Cash are urged to the go through the proxy assertion/prospectus filed with the SEC carefully and in its entirety when it gets available simply because it will contain vital information about the reorganizations. The proxy statement/prospectus will not represent an supply to buy or market securities in any condition the place such supply or sale is not permitted. Shareholders may well acquire a totally free copy of the proxy assertion/prospectus (when it gets available) at the SEC’s web web page at www.sec.gov.

About AIG

American Intercontinental Group, Inc. (AIG) is a main global insurance coverage business. AIG member providers provide a extensive variety of residence casualty coverage, life insurance policy, retirement options, and other economical solutions to customers in extra than 80 countries and jurisdictions. These various offerings contain products and solutions and services that assistance companies and men and women guard their property, handle pitfalls and give for retirement security. AIG widespread inventory is shown on the New York Inventory Exchange.

Supplemental information about AIG can be discovered at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with more details about AIG have been presented as a usefulness, and the details contained on this kind of sites is not incorporated by reference into this press launch.

AIG is the advertising name for the around the globe residence-casualty, life and retirement, and general insurance policy operations of American Worldwide Group, Inc. For supplemental facts, you should go to our web site at www.aig.com. All merchandise and companies are written or presented by subsidiaries or affiliate marketers of American International Team, Inc. Solutions or companies might not be available in all international locations and jurisdictions, and protection is subject to underwriting specifications and true plan language. Non-insurance coverage items and providers may perhaps be supplied by unbiased third functions. Selected home-casualty coverages could be presented by a surplus traces insurance provider. Surplus traces insurers do not commonly participate in condition guaranty money, and insureds are as a result not secured by such cash.

About Touchstone Investments

Touchstone Investments is a Distinctively Active mutual fund firm dedicated to supplying buyers with obtain to procedures sub-suggested by institutional asset professionals. It employs an built-in and demanding process for determining and partnering with very expert asset managers with organizational stability, high quality staff, strong adherence to investment decision discipline and good infrastructure. These attributes represent what Touchstone retains to be the needed things of repeatable and competitive effects in excess of time. Touchstone advocates a robust tactic when constructing portfolios that use only lively methods or employ active techniques to complement passive types. This philosophy has made a assorted but concentrated solution providing that provides traders a full breadth of investment decision alternatives throughout designs and asset lessons, which includes U.S. equity, global/world equity, money and multi-asset funds. Based mostly on essential investing, Touchstone’s actively managed, significant-conviction, concentrated portfolios are benchmark aware but not benchmark constrained. The Touchstone Money are recommended by Touchstone Advisors, Inc., a registered financial commitment advisor, and are dispersed nationally as a result of intermediaries such as broker-dealers, money planners and establishments by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Resources and Touchstone Investments are federal service mark registrations and apps owned by IFS Fiscal Solutions, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc., and IFS Economic Services, Inc., are members of Western & Southern Financial Group. For extra information, make sure you visit TouchstoneInvestments.com.

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Speak to: Sabra Purtill (Investors):[email protected]

Shelley Singh (Investors):[email protected]

Marc Hazelton (Media):[email protected]

Sharon Karp (Touchstone):[email protected]

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Source: American Worldwide Team, Inc.

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PUB: 02/08/2021 04:00 PM/DISC: 02/08/2021 04:01 PM

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