Touchstone Large Cap Fund

Touchstone Large Cap Fund

Daily NAV
$
Overall Morningstar RatingTM
Large Blend

Morningstar

Overall Morningstar RatingTM is calculated against 1166 funds in the Large Blend category.

The Morningstar RatingTM 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 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.

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
82 %

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 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 the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2018
Total Fund Net Assets as of 06/30/2018 $367,614,788
Asset Class US Equity
Morningstar Category Large Blend
Benchmark Russell 1000® Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2017

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Large Cap Fund -
HISTORICAL DAILY NAV
as of 08/31/2018 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 3.45% 7.71% 10.07% 19.82% 15.84% 14.37% 10.93% --
as of 06/30/2018 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 14.54% 11.64% 13.37% 10.20% --
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 Funds 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. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A shares of Touchstone Equity Funds is 5.75%.
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 Funds 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. Assumes reinvestment of all dividends and capital gains. Performance for Class C shares is adjusted for the contingent deferred sales charges in effect at the end of the specified period. The contingent deferred sales charge 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 Funds 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. Assumes reinvestment of all dividends and capital gains. Class Y shares are sold at NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.
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 Funds 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, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.

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.
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Portfolio

as of 06/30/2018
Number of Holdings
31
Active Share
82%

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
$208.5 B
Median Market Capitalization
$79.2 B
Price Earnings Ratio
(Weighted Harmonic Average)
18.2x
Price to Book Ratio
(Weighted Harmonic Average)
2.9x
as of 06/30/2018
Composition % of Portfolio
Equities 98.9
Cash Equivalents 1.1
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2018
Sector % of Portfolio
Financials 24.4
Consumer Discretionary 23.7
Information Technology 19.1
Industrials 13.5
Materials 5.9
Healthcare 4.9
Consumer Staples 4.7
Energy 2.4
Telecommunication Services 1.6
Real Estate 0.0
Utilities 0.0
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 08/31/2018
Security Description % of Portfolio
BERKSHIRE HATHAWAY INC-CL B 7.2
APPLE INC 6.5
PROGRESSIVE CORP 5.5
ALPHABET INC-CL C 5.4
VISA INC-CLASS A SHARES 5.2
NORFOLK SOUTHERN CORP 4.4
CARMAX INC 4.2
CARNIVAL CORP 4.0
BLACKROCK INC 3.7
DOLLAR TREE INC 3.6
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALBEMARLE CORP US 114,300 94.33 10,781,919 2.93
ALEXION PHARMACEUTICALS INC US 84,110 124.15 10,442,257 2.84
ALLEGHANY CORP US 19,363 574.97 11,133,144 3.03
ALPHABET INC-CL C US 17,480 1,115.65 19,501,562 5.30
ALTRIA GROUP INC US 185,055 56.79 10,509,273 2.86
APPLE INC US 111,955 185.11 20,723,990 5.64
BANK OF AMERICA CORP US 218,659 28.19 6,163,997 1.68
BERKSHIRE HATHAWAY INC-CL B US 134,654 186.65 25,133,169 6.84
BLACKROCK INC US 30,332 499.04 15,136,881 4.12
BRISTOL-MYERS SQUIBB CO US 130,709 55.34 7,233,436 1.97
CARMAX INC US 212,832 72.87 15,509,068 4.22
CARNIVAL CORP US 257,724 57.31 14,770,162 4.02
CHEVRON CORP US 68,541 126.43 8,665,639 2.36
CISCO SYSTEMS INC US 253,382 43.03 10,903,027 2.97
COCA-COLA CO/THE US 146,573 43.86 6,428,692 1.75
DEERE & CO US 69,148 139.80 9,666,890 2.63
DOLLAR TREE INC US 176,105 85.00 14,968,925 4.07
DREYFUS-GOV C-IN US 3,974,454 1.00 3,974,454 1.08
FEDEX CORP US 35,355 227.06 8,027,706 2.18
GENERAL DYNAMICS CORP US 55,697 186.41 10,382,478 2.82
HOME DEPOT INC US 63,860 195.10 12,459,086 3.39
LOWE'S COS INC US 55,362 95.57 5,290,946 1.44
NEWMARKET CORP US 26,382 404.50 10,671,519 2.90
NIKE INC -CL B US 170,900 79.68 13,617,312 3.70
NORFOLK SOUTHERN CORP US 98,600 150.87 14,875,782 4.05
O'REILLY AUTOMOTIVE INC US 34,440 273.57 9,421,751 2.56
PROGRESSIVE CORP US 317,925 59.15 18,805,264 5.11
SOUTHWEST AIRLINES CO US 122,005 50.88 6,207,614 1.69
VERIZON COMMUNICATIONS INC US 113,144 50.31 5,692,275 1.55
VISA INC-CLASS A SHARES US 138,097 132.45 18,290,948 4.97
WELLS FARGO & CO US 221,739 55.44 12,293,210 3.34
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. 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

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 1.12% for Class A Shares, 1.87% for Class C Shares, 0.87% for Class Y Shares and 0.77% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2018.
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

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
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

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 at Resources & Tools. 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

Investment products offered are not FDIC insured, may lose value and have no bank guarantee.

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