Touchstone US Large Cap Focused ETF (LCF)

Overview

Actively Managed and Sub-Advised by Sands Capital Management, LLC

Objective

The Fund seeks capital appreciation by investing in U.S. listed equity securities.

Investment Style

Invests primarily in issues having a market capitalization above $5 billion at time of purchase
Distinctive approach is centered on linking valuations with barriers to entry
Seeks to invest in businesses that are trading below what is believed to be its estimate of the companies' intrinsic value
Focuses on businesses that are believed to have a sustainable competitive advantage or a high barrier to entry in place
Active, high conviction portfolio generally holds 25-45 companies

Fund Facts

Fund Facts for Touchstone US Large Cap Focused ETF
Symbol
CUSIP
Inception Date
Primary Listing Exchange
Total Fund Net Assets as of 12/31/2024	$39,915,665
Asset Class	US Equity
Benchmark	S&P 500 Index
Distribution Frequency	Annually
Fiscal Year End
Prospectus Date	04/29/2024

Performance

Daily

as of
NAV
NAV $ Change

as of
Market Price
30 Day Median Bid/Ask Spread
Bid/Ask Midpoint

as of
Premium/Discount

HISTORICAL DAILY NAV

Historical Daily NAV on
NAV
Market Price

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Touchstone ETFs are new and have limited operating history to judge. Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the consolidated market price and do not represent the returns you would receive if you traded shares at other times.

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year.

as of 12/31/2024
	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception
NAV
Market Price
S&P 500 Index	-2.38%	2.41%	25.02%	25.02%	8.94%	14.53%	13.10%	--

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Touchstone ETFs are new and have limited operating history to judge. Market price returns are based upon the consolidated market price and do not represent the returns you would receive if you traded shares at other times. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends.

as of 12/31/2024
	3 Month	1 Year	3 Year	5 Year	10 Year	Since Inception
NAV
Market Price
S&P 500 Index	2.41%	25.02%	8.94%	14.53%	13.10%	--

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Touchstone ETFs are new and have limited operating history to judge. Market price returns are based upon the consolidated market price and do not represent the returns you would receive if you traded shares at other times. Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends.

	Calendar Year	Q1	Q2	Q3	Q4
Days Traded at Premium
Days Traded at Discount

The above chart presents information about the difference between the daily market price for shares of the ETF and the ETF’s net asset value. The market price is determined using the midpoint of the bid/ask spread at market close (typically, 4 p.m. ET). The vertical axis of the chart shows the premium or discount expressed as a percentage of NAV. If the fund’s market price exceeds its NAV, it is trading at a premium and is represented by a positive value. If the fund’s market price is below the NAV, the ETF is trading at a discount and is represented by a negative value. This value is recorded daily over the time period displayed along the horizontal axis.

Consider Touchstone US Large Cap Focused ETF for Your Portfolio

Touchstone US Large Cap Focused ETF invests in U.S. listed equity securities of companies having a market capitalization above $5 billion at the time of purchase. The high conviction large-cap core ETF seeks to provide capital appreciation.

Portfolio

Active Share

58%

Full Holdings (CSV)

Portfolio Composition

as of 12/31/2024
Composition	% of Portfolio
Equities	96.8
Cash Equivalents	3.2

as of 12/31/2024
Sector	% of Portfolio
Information Technology	30.9
Communication Services	15.9
Financials	15.2
Health Care	12.9
Consumer Discretionary	8.0
Industrials	7.9
Consumer Staples	3.6
Energy	2.3
Materials	2.1
Real Estate	1.3
Utilities	0.0

as of 01/21/2025
Security Description	Ticker	CUSIP	Country	Shares Par Value	Current Price ($)	Market Value ($)	% of Portfolio
{securityDescription}	{tickerSymbol}	{cusip}	{country}	{sharesParValue}	{currentPrice}	{marketValue}	{portfolioPercent}

There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.

For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International/Global Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

James E. Wilhelm, Jr.

Investment Experience since 1993

Career Summary
Fort Washington Investment Advisors, Inc.
Riggs Investment Management Incorporation
First Union Securities
Evergreen Funds
Salomon Smith Barney

Education
MBA – Johns Hopkins University
BS – Wingate University

Sunit Gogia

Investment Experience since 2007

Career Summary
Fort Washington Investment Advisors, Inc.
Morningstar
Microsoft
AT&T
Tata Consultancy Services

Education
MBA – Columbia University
BE – University of Mumbai

Fees

Expense Fees for Touchstone US Large Cap Focused ETF
Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio

Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit certain annual fund operating expenses (excluding Acquired Fund Fees and Expenses “AFFE,” and other expenses, if any) to 0.69%. These expense limitations will remain in effect until at least 04/29/2025.

Distributions

Capital Gain and Income Distribution as of
Pay Date	Income Distribution	Short Term Capital Gains Per Share	Long Term Capital Gains Per Share	Total Capital Gains Per Share

Resources

Statutory Prospectus

Summary Prospectus

Statement of Additional Information (SAI)

A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in stocks of mid-cap companies which may be subject to more erratic market movements than stocks of larger, more established companies. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers and may be subject to greater risks.

Touchstone exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETFs are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.

The Adviser engages a sub-adviser to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-adviser who achieves superior investment returns relative to other similar sub-advisers. Events in the U.S. and global financial markets, including actions taken to stimulate or stabilize economic growth may at times result in unusually high market volatility, which could negatively impact Fund performance and cause it to experience illiquidity, shareholder redemptions, or other potentially adverse effects. Financial institutions could suffer losses if interest rates rise or economic conditions deteriorate. The Fund's service providers are susceptible to cyber security risks that could result in losses to a Fund and its shareholders. Cyber security incidents could affect issuers in which a Fund invests, thereby causing the Fund’s investments to lose value. Current and future portfolio holdings are subject to change. The Fund may focus its investments in specific sectors and therefore is subject to the risk that adverse circumstances will have greater impact on the fund than on the fund that does not do so.

Consider Touchstone US Large Cap Focused ETF for Your Portfolio

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 on the resources section or call Touchstone at 833-368-7383. Please read the prospectus and/or summary prospectus carefully before investing.

Touchstone ETFs are distributed by Foreside Fund Services LLC
A registered broker-dealer and member of FINRA.

Not FDIC Insured | No Bank Guarantee | May Lose Value

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CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Touchstone exchange-traded funds (ETFs) are actively managed and do not seek to replicate a specific index. ETFs are bought and sold through an exchange at the then current market price, not net asset value (NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV when traded on an exchange. Brokerage commissions will reduce returns. There can be no guarantee that an active market for ETFs will develop or be maintained, or that the ETF's listing will continue or remain unchanged.

Active		Closet Index		Passive
100%-80%	80%-60%	60%-40%	40%-20%	20%-0%

Touchstone US Large Cap Focused ETF

Overview

Overview

Objective

Investment Style

Fund Facts

Fund Facts

Performance

Performance

Premium / Discount to NAV

Premium / Discount Table

Consider Touchstone US Large Cap Focused ETF for Your Portfolio

Portfolio

Portfolio

Active Share

Active

Closet Index

Passive

Management

Management

James E. Wilhelm, Jr.

Sunit Gogia

Fees

Fees

Distributions

Distributions

Resources

Resources

Consider Touchstone US Large Cap Focused ETF for Your Portfolio

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