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Touchstone Growth Opportunities Fund

Daily NAV
$
Overall Morningstar Rating™
Large Growth
Active Share
65 %

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 06/30/2019
Total Fund Net Assets as of 06/30/2019 $132,278,438
Asset Class US Equity
Morningstar Category Large Growth
Benchmark Russell 3000® Growth Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 07/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Growth Opportunities Fund -
HISTORICAL DAILY NAV
as of 07/31/2019
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 2.17% 2.26% 24.05% 9.88% 16.80% 13.94% 15.58% --
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 06/30/2019
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 10.60% 17.81% 13.02% 16.13% --
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 06/30/2019
Number of Holdings
51
Active Share
65%
Weighted Average Market Capitalization
$264.7 B
Median Market Capitalization
$46.7 B
Price To Earnings Ratio
(Weighted Harmonic Average)
24.4x
Price to Book Ratio
(Weighted Harmonic Average)
4.3x
as of 06/30/2019
Composition % of Portfolio
Equities 98.2
Cash Equivalents 1.8
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 06/30/2019
Sector % of Portfolio
Information Technology 34.9
Communication Services 17.0
Industrials 12.4
Healthcare 12.2
Consumer Discretionary 11.7
Financials 4.7
Energy 3.5
Real Estate 1.4
Consumer Staples 1.4
Materials 0.0
Utilities 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 07/31/2019
Security Description % of Portfolio
APPLE INC 5.3
AMAZON.COM INC 5.3
FACEBOOK INC 4.4
MICROSOFT CORP 4.2
VISA INC 4.1
HOME DEPOT INC/THE 3.4
ALPHABET INC 3.0
FIDELITY NATIONAL INFORMATION 3.0
ALPHABET INC 2.8
SALESFORCE.COM INC 2.7
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 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALPHABET INC US 3,219 1,080.91 3,479,449 2.63
ALPHABET INC US 2,990 1,082.80 3,237,572 2.45
AMAZON.COM INC US 3,339 1,893.63 6,322,831 4.78
AMETEK INC US 26,871 90.84 2,440,962 1.85
APPLE INC US 32,402 197.92 6,413,004 4.85
APPLIED MATERIALS INC US 6,267 44.91 281,451 0.21
ASCENDIS PHARMA A/S DK 10,984 115.15 1,264,808 0.96
AVNET INC US 34,278 45.27 1,551,765 1.17
BANK OF AMERICA CORP US 55,941 29.00 1,622,289 1.23
BIO-RAD LABORATORIES INC US 9,085 312.59 2,839,880 2.15
BLACK KNIGHT INC US 42,223 60.15 2,539,713 1.92
BOEING CO/THE US 6,200 364.01 2,256,862 1.71
BRISTOL-MYERS SQUIBB CO US 69,926 45.35 3,171,144 2.40
CATERPILLAR INC US 15,274 136.29 2,081,693 1.58
CHARTER COMMUNICATIONS INC US 6,798 395.18 2,686,434 2.03
COHERENT INC US 9,860 136.37 1,344,608 1.02
CONSTELLATION BRANDS INC US 10,000 196.94 1,969,400 1.49
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 2,417,556 1.00 2,417,556 1.83
FACEBOOK INC US 25,999 193.00 5,017,807 3.80
HOME DEPOT INC/THE US 20,294 207.97 4,220,543 3.19
IHS MARKIT LTD BM 27,549 63.72 1,755,422 1.33
ILLINOIS TOOL WORKS INC US 12,354 150.81 1,863,107 1.41
INGERSOLL-RAND PLC IE 23,636 126.67 2,993,972 2.27
INTERSECT ENT INC US 46,595 22.76 1,060,502 0.80
LUMENTUM HOLDINGS INC US 36,680 53.41 1,959,079 1.48
MARATHON PETROLEUM CORP US 42,495 55.88 2,374,621 1.80
MARRIOTT INTERNATIONAL INC/MD US 22,593 140.29 3,169,572 2.40
MEDICINES CO/THE US 66,777 36.47 2,435,357 1.84
MICRON TECHNOLOGY INC US 31,659 38.59 1,221,721 0.92
MICROSOFT CORP US 39,449 133.96 5,284,588 4.00
NETFLIX INC US 8,091 367.32 2,971,986 2.25
ORCHARD THERAPEUTICS PLC GB 33,560 13.99 469,504 0.36
PIONEER NATURAL RESOURCES CO US 15,586 153.86 2,398,062 1.81
PROGRESSIVE CORP/THE US 28,698 79.93 2,293,831 1.74
PROOFPOINT INC US 16,039 120.25 1,928,690 1.46
QUALCOMM INC US 21,738 76.07 1,653,610 1.25
S&P GLOBAL INC US 9,066 227.79 2,065,144 1.56
SALESFORCE.COM INC US 22,818 151.73 3,462,175 2.62
SERVICENOW INC US 11,211 274.57 3,078,204 2.33
SPIRIT REALTY CAPITAL INC US 42,870 42.66 1,828,834 1.38
STERIS PLC IE 14,596 148.88 2,173,052 1.64
THERMO FISHER SCIENTIFIC INC US 7,072 293.68 2,076,905 1.57
T-MOBILE US INC US 25,840 74.14 1,915,778 1.45
TOTAL SYSTEM SERVICES INC US 20,899 128.27 2,680,715 2.03
ULTA BEAUTY INC US 3,746 346.89 1,299,450 0.98
UNION PACIFIC CORP US 14,407 169.11 2,436,368 1.84
VERTEX PHARMACEUTICALS INC US 13,075 183.38 2,397,694 1.81
VISA INC US 29,682 173.55 5,151,311 3.90
WALT DISNEY CO/THE US 18,430 139.64 2,573,565 1.95
WORLDPAY INC US 31,244 122.55 3,828,952 2.90
ZENDESK INC US 24,628 89.03 2,192,631 1.66
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 07/29/2020.

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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