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Touchstone Large Cap Fund

Daily NAV
$
Overall Morningstar Rating™
Large Blend
Active Share
85 %

Overview

Overview

Actively Managed and Sub-Advised by The London Company

Objective

The fund seeks to provide investors with long-term capital growth by investing primarily in common stocks of large-cap U.S. listed companies.

Large Cap Fund Commentary

Investment Style

  • Emphasizes investments in large-cap companies
  • Utilizes a bottom-up security selection process that screens potential investments against a proprietary quantitative model for return on capital, earnings to value ratio, free cash flow and return on equity
  • Looks at a company's corporate governance structure and management incentives to try to ascertain whether or not management's interests are aligned with shareholder interests
  • Seeks to identify the sources of a company's competitive advantage as well as what means management has at its disposal to increase shareholder value
  • Seeks to purchase generally profitable, financially stable companies that consistently generate high returns on unleveraged operating capital, are run by shareholder-oriented management, and are trading at a discount to their private market value
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 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 $284,325,863
Asset Class US Equity
Morningstar Category Large Blend
Benchmark Russell 1000® Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Large Cap 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 Large Cap Fund -
Including Sales Charge
Touchstone Large Cap Fund -
Excluding Sales Charge
Russell 1000® Index 1.55% 1.76% 20.69% 8.00% 13.32% 11.15% 14.10% --
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.
as of 06/30/2019
1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Large Cap Fund -
Including Sales Charge
Touchstone Large Cap Fund -
Excluding Sales Charge
Russell 1000® Index 10.02% 14.15% 10.45% 14.77% --
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.

Consider Touchstone Large Cap Fund for Your Portfolio

Touchstone Large Cap Fund invests primarily in common stocks of large-cap U.S. listed companies that are generally profitable, financially stable and consistently generating high returns on unleveraged operating capital. It seeks to provide investors with long-term capital growth.
Contact Us Now

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
30
Active Share
85%
Weighted Average Market Capitalization
$209.6 B
Median Market Capitalization
$53.7 B
Price To Earnings Ratio
(Weighted Harmonic Average)
18.5x
Price to Book Ratio
(Weighted Harmonic Average)
2.9x
as of 06/30/2019
Composition % of Portfolio
Equities 97.4
Cash Equivalents 2.6
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
Financials 23.1
Consumer Discretionary 20.8
Information Technology 13.5
Industrials 12.4
Communication Services 9.7
Materials 8.2
Consumer Staples 7.8
Energy 3.2
Healthcare 1.6
Real Estate 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
BERKSHIRE HATHAWAY INC 7.0
APPLE INC 6.1
ALPHABET INC 5.4
VISA INC 4.3
NESTLE SA 3.9
CARMAX INC 3.7
NORFOLK SOUTHERN CORP 3.7
BLACKROCK INC 3.6
CISCO SYSTEMS INC 3.6
MARTIN MARIETTA MATERIALS INC 3.5
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
ALBEMARLE CORP US 81,219 70.41 5,718,630 2.01
ALLEGHANY CORP US 13,809 681.11 9,405,448 3.31
ALPHABET INC US 12,510 1,080.91 13,522,184 4.76
ALTRIA GROUP INC US 211,258 47.35 10,003,066 3.52
APPLE INC US 80,041 197.92 15,841,715 5.57
BERKSHIRE HATHAWAY INC US 96,322 213.17 20,532,961 7.22
BLACKROCK INC US 21,728 469.30 10,196,950 3.59
BRISTOL-MYERS SQUIBB CO US 92,862 45.35 4,211,292 1.48
CARMAX INC US 152,232 86.83 13,218,305 4.65
CARNIVAL CORP PA 184,346 46.55 8,581,306 3.02
CHARLES SCHWAB CORP/THE US 162,845 40.19 6,544,741 2.30
CHEVRON CORP US 72,500 124.44 9,021,900 3.17
CISCO SYSTEMS INC US 181,179 54.73 9,915,927 3.49
DOLLAR TREE INC US 125,893 107.39 13,519,649 4.76
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 7,503,739 1.00 7,503,739 2.64
FEDEX CORP US 54,814 164.19 8,999,911 3.17
FOX CORP US 230,510 36.64 8,445,886 2.97
GENERAL DYNAMICS CORP US 39,797 181.82 7,235,891 2.55
HOME DEPOT INC/THE US 45,662 207.97 9,496,326 3.34
LOWE'S COS INC US 39,535 100.91 3,989,477 1.40
MARTIN MARIETTA MATERIALS INC US 40,138 230.11 9,236,155 3.25
NESTLE SA CH 103,446 103.40 10,696,316 3.76
NEWMARKET CORP US 18,748 400.94 7,516,823 2.64
NORFOLK SOUTHERN CORP US 54,437 199.33 10,850,927 3.82
O'REILLY AUTOMOTIVE INC US 24,574 369.32 9,075,670 3.19
PROGRESSIVE CORP/THE US 120,904 79.93 9,663,857 3.40
SOUTHWEST AIRLINES CO US 143,715 50.78 7,297,848 2.57
VERIZON COMMUNICATIONS INC US 80,438 57.13 4,595,423 1.62
VISA INC US 68,453 173.55 11,880,018 4.18
WELLS FARGO & CO US 158,601 47.32 7,504,999 2.64
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 The London Company
Stephen M. Goddard, CFA

Stephen M. Goddard, CFA

Investment Experience since 1985 

Career Summary 
The London Company
Flippin, Bruce & Porter
CFB Advisory
Scott & Stringfellow 

Education 
MBA - University of Richmond
BA - Virginia Military Institute

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 1.03% for Class A Shares, 1.78% for Class C Shares, 0.78% for Class Y Shares and 0.68% for Class INST Shares. These expense limitations will remain in effect until at least 05/30/2020.

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 Large Cap Fund for Your Portfolio

Touchstone Large Cap Fund invests primarily in common stocks of large-cap U.S. listed companies that are generally profitable, financially stable and consistently generating high returns on unleveraged operating capital. It seeks to provide investors with long-term capital growth.
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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