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Touchstone Mid Cap Fund

Daily NAV
$
Overall Morningstar Rating™
Mid-Cap Blend
Active Share
95 %

Overview

Overview

Actively Managed and Sub-Advised by The London Company

Overview

The fund seeks long-term capital growth by investing primarily in common stocks of mid-cap U.S. listed companies.

Touchstone Mid Cap Fund Commentary

Investment Style

  • Emphasizes investments in mid-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 mid-cap companies which may be subject to more erratic market movements than stocks of larger, more established companies. 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 $1,349,606,695
Asset Class US Equity
Morningstar Category Mid-Cap Blend
Benchmark Russell Midcap® Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Mid 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 Mid Cap Fund -
Including Sales Charge
Touchstone Mid Cap Fund -
Excluding Sales Charge
Russell Midcap® Index 1.43% 1.74% 23.08% 6.71% 11.02% 9.60% 14.35% --
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 Z Shares are sold at Net Asset Value (NAV), without an initial sales charge and may be subject to a shareholder service fee. Class Z Shares are available through a financial intermediary or through financial institutions such as retirement plans, fee-based platforms, and brokerage accounts (who may impose transaction charges in addition to those described in the prospectus). Class Z Shares are not available directly from Touchstone and may not be available through certain financial intermediaries who do not have appropriate agreements in place with Touchstone.
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 A, C, Z, INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 01/02/03, 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 Mid Cap Fund -
Including Sales Charge
Touchstone Mid Cap Fund -
Excluding Sales Charge
Russell Midcap® Index 7.83% 12.16% 8.63% 15.16% --
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 Z Shares are sold at Net Asset Value (NAV), without an initial sales charge and may be subject to a shareholder service fee. Class Z Shares are available through a financial intermediary or through financial institutions such as retirement plans, fee-based platforms, and brokerage accounts (who may impose transaction charges in addition to those described in the prospectus). Class Z Shares are not available directly from Touchstone and may not be available through certain financial intermediaries who do not have appropriate agreements in place with Touchstone.
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 A, C, Z, INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 01/02/03, with the performance since the inception date of each share class.

Consider Touchstone Mid Cap Fund for Your Portfolio

Investing primarily in common stocks of mid-cap U.S. companies, Touchstone Mid Cap Fund utilizes a bottom-up security selection process to purchase generally profitable, financially stable companies. It seeks to provide long-term capital growth.
Contact Us Now

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
31
Active Share
95%
Weighted Average Market Capitalization
$15.1 B
Median Market Capitalization
$12.1 B
Price To Earnings Ratio
(Weighted Harmonic Average)
23.7x
Price to Book Ratio
(Weighted Harmonic Average)
3.7x
as of 06/30/2019
Composition % of Portfolio
Equities 98.1
Cash Equivalents 1.9
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 20.8
Industrials 19.2
Consumer Discretionary 18.4
Materials 13.7
Financials 11.6
Consumer Staples 10.2
Real Estate 3.5
Healthcare 2.3
Energy 0.0
Utilities 0.0
Communication Services 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
COPART INC 5.2
OLD DOMINION FREIGHT LINE INC 4.9
ARMSTRONG WORLD INDUSTRIES INC 4.9
CINTAS CORP 4.3
VULCAN MATERIALS CO 4.3
ENTEGRIS INC 4.2
ALLEGHANY CORP 4.0
DOLLAR TREE INC 3.9
CITRIX SYSTEMS INC 3.9
CARMAX INC 3.8
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 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALLEGHANY CORP US 78,940 681.11 53,766,823 3.99
AMPHENOL CORP US 557,640 95.94 53,499,982 3.97
ARMSTRONG WORLD INDUSTRIES INC US 678,850 97.20 65,984,220 4.90
AXALTA COATING SYSTEMS LTD BM 1,126,200 29.77 33,526,974 2.49
BALL CORP US 684,885 69.99 47,935,101 3.56
BROWN-FORMAN CORP US 719,525 55.43 39,883,271 2.96
CARMAX INC US 597,025 86.83 51,839,681 3.85
CDK GLOBAL INC US 539,200 49.44 26,658,048 1.98
CINTAS CORP US 226,620 237.29 53,774,660 3.99
CITRIX SYSTEMS INC US 422,180 98.14 41,432,745 3.08
COPART INC US 924,178 74.74 69,073,064 5.13
DOLLAR TREE INC US 527,490 107.39 56,647,151 4.21
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 26,062,398 1.00 26,062,398 1.94
ENERGIZER HOLDINGS INC US 473,601 38.64 18,299,943 1.36
ENTEGRIS INC US 1,309,305 37.32 48,863,263 3.63
HASBRO INC US 383,235 105.68 40,500,275 3.01
LAMB WESTON HOLDINGS INC US 451,810 63.36 28,626,682 2.13
M&T BANK CORP US 280,205 170.07 47,654,464 3.54
NEWMARKET CORP US 101,555 400.94 40,717,462 3.02
OLD DOMINION FREIGHT LINE INC US 403,290 149.26 60,195,065 4.47
PAYCHEX INC US 689,825 82.29 56,765,699 4.22
PENSKE AUTOMOTIVE GROUP INC US 670,494 47.30 31,714,366 2.36
PERRIGO CO PLC IE 641,980 47.62 30,571,088 2.27
POST HOLDINGS INC US 366,620 103.97 38,117,481 2.83
SENSATA TECHNOLOGIES HOLDING P GB 670,245 49.00 32,842,005 2.44
SKYWORKS SOLUTIONS INC US 517,815 77.27 40,011,565 2.97
STORE CAPITAL CORP US 1,380,810 33.19 45,829,084 3.40
T ROWE PRICE GROUP INC US 415,585 109.71 45,593,830 3.39
TIFFANY & CO US 398,545 93.64 37,319,754 2.77
VULCAN MATERIALS CO US 425,040 137.31 58,362,242 4.33
WHIRLPOOL CORP US 172,045 142.36 24,492,326 1.82
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
Jonathan Moody

Jonathan T. Moody, CFA

Investment Experience since 1987 

Career Summary 
The London Company
Primary Research Group
BB&T Capital Markets
Crestar Asset Management
Piedmont Capital
Woodward and Associates


Education 
BS -Virginia Military Institute

J Bryan Campbell

J. Brian Campbell, CFA

Investment Experience since 2000 

Career Summary 
The London Company
Hilliard Lyons Capital Management
INVESCO-National Asset Management

Education 
MBA - Indiana University
BBA in Finance (with Honors) -University of Kentucky
Mark Devauls

Mark E. DeVaul, CFA, CPA

Investment Experience since 1998 

Career Summary 
The London Company
Nuveen Investments
Salomon Smith Barney
First Union Securities

Education 
MBA - University of Notre Dame
BS in Accounting -Liberty University

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 1.21% for Class A Shares, 1.96% for Class C Shares, 0.96% for Class Y Shares, 0.89% for Class INST Shares and 1.21% for Class Z 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 Mid Cap Fund for Your Portfolio

Investing primarily in common stocks of mid-cap U.S. companies, Touchstone Mid Cap Fund utilizes a bottom-up security selection process to purchase generally profitable, financially stable companies. It seeks to provide 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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