Touchstone Large Company Growth Fund

Touchstone Large Company Growth Fund

Daily NAV
$
Overall Morningstar RatingTM
Large Growth

Morningstar

Overall Morningstar RatingTM is calculated against 1265 funds in the Large Growth 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
79 %

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 DSM Capital Partners LLC 

Objective

The fund seeks long-term capital appreciation.

Large Company Growth Fund Commentary

Investment Style

  • Invests primarily in U.S. equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations
  • Utilizes a bottom-up idea-driven growth style with a long-term investment horizon, coupled with a distinct valuation discipline
  • Seeks to identify companies which are believed to exhibit certain quality characteristics, including:
    - Predictable growth
    - Solid fundamentals
    - Attractive profitability
    - Successful management
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 growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund invests in convertible securities which are subject to the risks of both debt securities and equity securities. The Fund invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. The Fund invests in foreign securities, including depositary receipts, such as ADRs, GDRs and EDRs, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in emerging markets securities which are more likely to experience turmoil or rapid changes in market or economic conditions than developed countries. The Fund may focus its investments in specific sectors and therefore be susceptible to positive or negative developments in the sector which may increase the Fund’s volatility and magnify its effects on total return. 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 than a diversified fund 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 $243,491,677
Asset Class US Equity
Morningstar Category Large Growth
Benchmark Russell 1000® Growth 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 Company Growth 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 Company Growth Fund -
Including Sales Charge
Touchstone Large Company Growth Fund -
Excluding Sales Charge
Russell 1000® Growth Index 5.47% 9.61% 16.44% 27.23% 19.33% 17.47% 12.84% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Large Company Growth Fund -
Including Sales Charge
Touchstone Large Company Growth Fund -
Excluding Sales Charge
Russell 1000® Growth Index 22.51% 14.98% 16.36% 11.83% --
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.
The performance presented for Class A, C and Y Shares combines the performance of an older class of shares (INST Shares) from the Fund's inception, 08/28/09, with the performance since the inception date of each share class.

Consider Touchstone Large Company Growth Fund for Your Portfolio

Touchstone Large Company Growth Fund invests primarily in U.S. equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations. It seeks long-term capital appreciation.
Contact Us Now

Portfolio

as of 06/30/2018
Number of Holdings
28
Active Share
79%

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
$256.7 B
Median Market Capitalization
$74.7 B
Price Earnings Ratio
(Weighted Harmonic Average)
34.8x
Price to Book Ratio
(Weighted Harmonic Average)
5.7x
as of 06/30/2018
Composition % of Portfolio
Equities 99.4
Cash Equivalents 0.6
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
Sector % of Portfolio
Information Technology 52.5
Healthcare 16.5
Financials 12.6
Consumer Discretionary 11.0
Consumer Staples 3.9
Industrials 3.6
Real Estate 0.0
Telecommunication Services 0.0
Materials 0.0
Energy 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
MICROSOFT CORP 7.9
VISA INC-CLASS A SHARES 7.0
ALIBABA GROUP HOLDING-SP ADR 6.8
FACEBOOK INC-A 6.7
ADOBE SYSTEMS INC 6.5
ALPHABET INC-CL A 6.4
TENCENT HOLDINGS LTD-UNS ADR 5.0
ZOETIS INC 4.6
SCHWAB (CHARLES) CORP 4.4
BOOKING HOLDINGS INC 4.1
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
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABBOTT LABORATORIES US 136,200 60.99 8,306,838 3.39
ADOBE SYSTEMS INC US 61,525 243.81 15,000,410 6.12
ALIBABA GROUP HOLDING-SP ADR CN 96,850 185.53 17,968,581 7.33
ALPHABET INC-CL A US 13,035 1,129.19 14,718,992 6.01
BECTON DICKINSON AND CO US 36,800 239.56 8,815,808 3.60
BLACKROCK INC US 13,125 499.04 6,549,900 2.67
BOOKING HOLDINGS INC US 5,375 2,027.09 10,895,609 4.45
CANADIAN PACIFIC RAILWAY LTD CA 25,225 183.02 4,616,680 1.88
DREYFUS-GOV C-IN US 1,567,713 1.00 1,567,713 0.64
ELECTRONIC ARTS INC US 29,300 141.02 4,131,886 1.69
FACEBOOK INC-A US 95,100 194.32 18,479,832 7.54
INTUIT INC US 26,300 204.31 5,373,222 2.19
IPG PHOTONICS CORP US 17,650 220.63 3,894,120 1.59
MICROSOFT CORP US 118,850 98.61 11,719,799 4.78
MONSTER BEVERAGE CORP US 163,800 57.30 9,385,740 3.83
MSCI INC US 34,075 165.43 5,637,027 2.30
NORWEGIAN CRUISE LINE HOLDIN US 119,425 47.25 5,642,831 2.30
PAYPAL HOLDINGS INC US 72,650 83.27 6,049,566 2.47
RAYTHEON COMPANY US 21,650 193.18 4,182,347 1.71
REGENERON PHARMACEUTICALS US 11,225 344.99 3,872,513 1.58
ROYAL CARIBBEAN CRUISES LTD US 66,630 103.60 6,902,868 2.82
SCHWAB (CHARLES) CORP US 213,775 51.10 10,923,903 4.46
SIRIUS XM HOLDINGS INC US 486,800 6.77 3,295,636 1.34
TENCENT HOLDINGS LTD-UNS ADR CN 290,875 50.25 14,616,469 5.96
THERMO FISHER SCIENTIFIC INC US 36,900 207.14 7,643,466 3.12
TORONTO-DOMINION BANK CA 129,350 57.86 7,484,191 3.05
VISA INC-CLASS A SHARES US 119,225 132.45 15,791,351 6.44
ZOETIS INC US 136,625 85.19 11,639,084 4.75
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 DSM Capital Partners LLC
Daniel Strickberger

Daniel Strickberger

Investment Experience since 1982

Career Summary 
DSM Capital Partners LLC
W.P. Stewart & Co.
Lazard Freres & Co.
Oppenheimer & Co.
Bank of Tokyo
Morgan Guaranty 

Education 
MBA - Finance & International Business, New York University
BS - Business Administration & Finance, University of Delaware

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 1.23% for Class A Shares, 1.98% for Class C Shares, 0.98% for Class Y Shares and 0.88% 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 Company Growth Fund for Your Portfolio

Touchstone Large Company Growth Fund invests primarily in U.S. equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations. It seeks long-term capital appreciation.
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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