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Touchstone Growth Opportunities Fund

Daily NAV
$
Overall Morningstar Rating™
Large Growth

Morningstar

Overall Morningstar Rating™ is calculated against 1256 funds in the Large Growth category.

The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating™ does not include any adjustment for sales load. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.
©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Class A Shares star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms.

Active Share
64 %

Active Share

Active Share measures the percentage of the Fund’s holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

Active
Closet Index
Passive
 100%-80%  80%-60%  60%-40% 40%-20%   20%-0%
Generally, a Fund with an active share of more than 60% is considered actively managed. Active Share is not a performance measurement. A high degree of Active Share does not assure outperformance of a fund relative to its benchmark index. 
 

Overview

Overview

Actively Managed and Sub-Advised by Westfield Capital Management Company, L.P.

Objective

The fund seeks long-term growth of capital by investing primarily in stocks of U.S. companies of any size.

Growth Opportunities Fund Commentary

Investment Style

  • Seeks to invest in stocks of U.S. companies that span the capitalization spectrum
  • Has the ability to shift assets to the most attractive segments of the market based on fundamental research and current market and economic conditions
  • Focuses on companies that are believed to have demonstrated records of achievement with excellent prospects for earnings growth over a 1- to 3-year period
  • Looks for companies believed to be reasonably priced with high forecasted earnings potential
  • Evaluates companies by analyzing financial statements, interviews with management, operations and product development, with consideration of a company's industry
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 small- and mid-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. The Fund invests in growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns and higher short-term capital gains taxable to shareholders. 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. Current and future portfolio holdings are subject to risk. The Advisor engages a sub-advisor to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-advisor who achieves superior investment returns relative to other similar sub-advisors.

Fund Facts

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 03/31/2019
Total Fund Net Assets as of 03/31/2019 $161,612,485
Asset Class US Equity
Morningstar Category Large Growth
Benchmark Russell 3000® Growth Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 07/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Growth Opportunities Fund -
HISTORICAL DAILY NAV
as of 05/31/2019
1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Growth Opportunities Fund -
Including Sales Charge
Touchstone Growth Opportunities Fund -
Excluding Sales Charge
Russell 3000® Growth Index -6.40% 0.20% 13.54% 4.42% 15.06% 12.02% 15.51% --
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 and capital gains. The maximum front-end sales charge for Class A Shares of Touchstone U.S. Equity, International/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund is 5.00%.
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 and capital gains. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
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 and capital gains. Class Y Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 09/29/95, with the performance since the inception date of each share class.
as of 03/31/2019
1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Growth Opportunities Fund -
Including Sales Charge
Touchstone Growth Opportunities Fund -
Excluding Sales Charge
Russell 3000® Growth Index 12.06% 16.40% 13.10% 17.44% --
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 and capital gains. The maximum front-end sales charge for Class A Shares of Touchstone U.S. Equity, International/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund is 5.00%.
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 and capital gains. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
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 and capital gains. Class Y Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 09/29/95, with the performance since the inception date of each share class.

Consider Touchstone Growth Opportunities Fund for Your Portfolio

Touchstone Growth Opportunities Fund invests in stocks of U.S. companies of any size that are believed to be reasonably priced with high forecasted earnings potential. It seeks to provide long-term growth of capital.
Contact Us Now

Morningstar Rating™

Portfolio

as of 03/31/2019
Number of Holdings
46
Active Share
64%

Active Share

Active Share measures the percentage of the Fund’s holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

Active
Closet Index
Passive
 100%-80%  80%-60%  60%-40% 40%-20%   20%-0%
Generally, a Fund with an active share of more than 60% is considered actively managed. Active Share is not a performance measurement. A high degree of Active Share does not assure outperformance of a fund relative to its benchmark index. 
 
Weighted Average Market Capitalization
$265.2 B
Median Market Capitalization
$46.9 B
Price To Earnings Ratio
(Weighted Harmonic Average)
25.0x
Price to Book Ratio
(Weighted Harmonic Average)
4.6x
as of 03/31/2019
Composition % of Portfolio
Equities 98.6
Cash Equivalents 1.4
Data may not total due to rounding.
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 & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Sector % of Portfolio
Information Technology 31.5
Communication Services 16.2
Healthcare 15.1
Industrials 15.0
Consumer Discretionary 12.6
Financials 4.0
Energy 3.9
Real Estate 1.6
Materials 0.0
Utilities 0.0
Consumer Staples 0.0
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 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 & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 05/31/2019
Security Description % of Portfolio
APPLE INC 4.9
AMAZON.COM INC 4.9
MICROSOFT CORP 4.0
VISA INC-CLASS A SHARES 3.9
FACEBOOK INC-CLASS A 3.8
HOME DEPOT INC 3.2
WORLDPAY INC-CLASS A 3.1
ALPHABET INC-CL C 2.9
SALESFORCE.COM INC 2.8
BOEING CO/THE 2.8
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 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 & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALEXANDRIA REAL ESTATE EQUIT US 17,609 142.56 2,510,339 1.56
ALPHABET INC-CL A US 3,867 1,176.89 4,551,034 2.82
ALPHABET INC-CL C US 4,163 1,173.31 4,884,490 3.03
AMAZON.COM INC US 4,327 1,780.75 7,705,305 4.78
AMETEK INC US 34,774 82.97 2,885,199 1.79
APPLE INC US 52,709 189.95 10,012,075 6.21
APPLIED MATERIALS INC US 59,180 39.66 2,347,079 1.46
BANK OF AMERICA CORP US 48,980 27.59 1,351,358 0.84
BIOGEN INC US 5,663 236.38 1,338,620 0.83
BIO-RAD LABORATORIES-A US 11,760 305.68 3,594,797 2.23
BLACK KNIGHT INC US 47,026 54.50 2,562,917 1.59
BOEING CO/THE US 16,116 381.42 6,146,965 3.81
BRISTOL-MYERS SQUIBB CO US 90,510 47.71 4,318,232 2.68
CATERPILLAR INC US 19,770 135.49 2,678,637 1.66
CHARTER COMMUNICATIONS INC-A US 8,809 346.91 3,055,930 1.90
DREYFUS-GOV C-IN US 2,321,675 1.00 2,321,675 1.44
FACEBOOK INC-CLASS A US 15,664 166.69 2,611,032 1.62
HAEMONETICS CORP/MASS US 20,860 87.48 1,824,833 1.13
HOME DEPOT INC US 26,273 191.89 5,041,526 3.13
IHS MARKIT LTD GB 51,256 54.38 2,787,301 1.73
ILLINOIS TOOL WORKS US 18,005 143.53 2,584,258 1.60
INGERSOLL-RAND PLC US 30,594 107.95 3,302,622 2.05
MADISON SQUARE GARDEN CO- A US 7,970 293.13 2,336,246 1.45
MARATHON PETROLEUM CORP US 50,036 59.85 2,994,655 1.86
MARRIOTT INTERNATIONAL -CL A US 29,247 125.09 3,658,507 2.27
MEDICINES COMPANY US 97,890 27.95 2,736,026 1.70
MICROSOFT CORP US 51,061 117.94 6,022,134 3.74
NETFLIX INC US 10,474 356.56 3,734,609 2.32
PIONEER NATURAL RESOURCES CO US 20,142 152.28 3,067,224 1.90
PROGRESSIVE CORP US 33,109 72.09 2,386,828 1.48
PROOFPOINT INC US 27,690 121.43 3,362,397 2.09
S&P GLOBAL INC US 11,730 210.55 2,469,752 1.53
SALESFORCE.COM INC US 29,540 158.37 4,678,250 2.90
SERVICENOW INC US 14,515 246.49 3,577,802 2.22
STERIS PLC US 18,890 128.03 2,418,487 1.50
THERMO FISHER SCIENTIFIC INC US 9,151 273.72 2,504,812 1.55
T-MOBILE US INC US 33,450 69.10 2,311,395 1.43
TOTAL SYSTEM SERVICES INC US 31,188 95.01 2,963,172 1.84
ULTA SALON COSMETICS & FRAGR US 9,469 348.73 3,302,124 2.05
UNION PACIFIC CORP US 18,645 167.20 3,117,444 1.93
UNITEDHEALTH GROUP INC US 18,685 247.26 4,620,053 2.87
VERTEX PHARMACEUTICALS INC US 14,760 183.95 2,715,102 1.68
VISA INC-CLASS A SHARES US 38,417 156.19 6,000,351 3.72
WALT DISNEY CO/THE US 18,149 111.03 2,015,083 1.25
WORLDPAY INC-CLASS A US 40,440 113.50 4,589,940 2.85
ZENDESK INC US 36,939 85.00 3,139,815 1.95
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 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 & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management

Actively Managed and Sub-Advised by Westfield Capital Management Company, L.P.
William Muggia

William A. Muggia

Investment Experience since 1983

Career Summary
Westfield Capital Management Company, L.P.
Alex. Brown & Sons
Kidder Peabody & Co.

Education
Harvard Business School, MBA
Middlebury College, BA 

Richard Lee

Richard D. Lee, CFA

Investment Experience since 1994

Career Summary
Westfield Capital Management Company, L.P.
KL Financial Group
Wit Soundview Technology Group
Hambrecht & Quist, LLC
Smith Barney

Education
AB - Harvard College

Ethan Meyers

Ethan J. Meyers, CFA

Investment Experience since 1996

Career Summary
Westfield Capital Management Company, L.P.
Johnson Rice & Company LLC

Education
BS - A.B. Freeman School of Business, Tulane University

John Montgomery

John M. Montgomery

Investment Experience since 1994

Career Summary
Westfield Capital Management Company, L.P.
Lehman Brothers
JP Morgan Securities
Morgan Stanley
P
rocter and Gamble

Education
MM - JL Kellogg Graduate School of Management, Northwestern University
BA - 
Trinity College


Fees

Expense Fees for Share Class
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 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class Y Shares and 0.89% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/2019.

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

Consider Touchstone Growth Opportunities Fund for Your Portfolio

Touchstone Growth Opportunities Fund invests in stocks of U.S. companies of any size that are believed to be reasonably priced with high forecasted earnings potential. It seeks to provide long-term growth of capital.
Contact Us Now
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 advisor or download and/or request one on the resources section or call Touchstone at 800-638-8194. Please read the prospectus and/or summary prospectus carefully before investing.

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. All investing involves risk.

Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC.

Not FDIC Insured | No Bank Guarantee | May Lose Value

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