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Touchstone Mid Cap Growth Fund

Daily NAV
$
Overall Morningstar Rating™
Mid-Cap Growth
Active Share
78 %

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 mid-cap U.S. companies.

Touchstone Mid Cap Growth Fund Commentary

Investment Style

  • Focuses on mid-cap 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 a company's financial statements, interviews with management, analysis of a company's operations and product development, with consideration to 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 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 invests in foreign securities which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards including those of certain European countries that may have the potential to leave the European Union. 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 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. 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 $1,211,919,519
Asset Class US Equity
Morningstar Category Mid-Cap Growth
Benchmark Russell Midcap® 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 Mid Cap Growth 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 Growth Fund -
Including Sales Charge
Touchstone Mid Cap Growth Fund -
Excluding Sales Charge
Russell Midcap® Growth Index 2.33% 3.22% 29.03% 14.15% 15.51% 12.30% 15.41% --
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 Y and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 10/03/94, 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 Growth Fund -
Including Sales Charge
Touchstone Mid Cap Growth Fund -
Excluding Sales Charge
Russell Midcap® Growth Index 13.94% 16.49% 11.11% 16.02% --
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 Y and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 10/03/94, with the performance since the inception date of each share class.

Consider Touchstone Mid Cap Growth Fund for Your Portfolio

Seeking long-term growth of capital, Touchstone Mid Cap Growth Fund invests primarily in stocks of mid-cap U.S. companies that are believed to have demonstrated records of achievement with excellent prospects for earnings growth over a one- to three-year period. 
Contact Us Now

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
57
Active Share
78%
Weighted Average Market Capitalization
$21.0 B
Median Market Capitalization
$19.5 B
Price To Earnings Ratio
(Weighted Harmonic Average)
29.3x
Price to Book Ratio
(Weighted Harmonic Average)
4.6x
as of 06/30/2019
Composition % of Portfolio
Equities 98.0
Cash Equivalents 2.0
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 34.2
Industrials 21.1
Consumer Discretionary 15.2
Healthcare 13.4
Financials 5.4
Energy 4.0
Materials 3.2
Real Estate 1.9
Communication Services 1.1
Consumer Staples 0.8
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
FIDELITY NATIONAL INFORMATION 4.4
TRANSDIGM GROUP INC 3.2
TELEDYNE TECHNOLOGIES INC 2.9
HILTON WORLDWIDE HOLDINGS INC 2.6
TRANSUNION 2.6
ULTA BEAUTY INC 2.5
L3HARRIS TECHNOLOGIES INC 2.1
COOPER COS INC/THE 2.1
MARATHON PETROLEUM CORP 2.1
FLEETCOR TECHNOLOGIES INC 2.1
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
ADVANCE AUTO PARTS INC US 118,080 154.14 18,200,851 1.52
AMETEK INC US 265,870 90.84 24,151,631 2.02
ARTHUR J GALLAGHER & CO US 260,940 87.59 22,855,735 1.91
ASCENDIS PHARMA A/S DK 212,880 115.15 24,513,132 2.05
AUTODESK INC US 148,955 162.90 24,264,770 2.03
AVERY DENNISON CORP US 152,190 115.68 17,605,339 1.47
COGNIZANT TECHNOLOGY SOLUTIONS US 274,810 63.39 17,420,206 1.46
COOPER COS INC/THE US 76,849 336.89 25,889,660 2.16
DEXCOM INC US 98,890 149.84 14,817,678 1.24
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 23,980,830 1.00 23,980,830 2.00
FIDELITY NATIONAL INFORMATION US 134,010 122.68 16,440,347 1.37
FISERV INC US 183,000 91.16 16,682,280 1.39
FLEETCOR TECHNOLOGIES INC US 89,955 280.85 25,263,862 2.11
FORTINET INC US 227,982 76.83 17,515,857 1.46
HILTON WORLDWIDE HOLDINGS INC US 329,640 97.74 32,219,014 2.69
ICON PLC IE 143,870 153.97 22,151,664 1.85
IDEXX LABORATORIES INC US 85,488 275.33 23,537,411 1.97
IHS MARKIT LTD BM 341,964 63.72 21,789,946 1.82
INGERSOLL-RAND PLC IE 194,400 126.67 24,624,648 2.06
JB HUNT TRANSPORT SERVICES INC US 204,106 91.41 18,657,329 1.56
L3HARRIS TECHNOLOGIES INC US 109,437 189.13 20,697,820 1.73
LAM RESEARCH CORP US 95,505 187.84 17,939,659 1.50
LENNOX INTERNATIONAL INC US 92,921 275.00 25,553,275 2.13
LULULEMON ATHLETICA INC US 95,500 180.21 17,210,055 1.44
MARATHON PETROLEUM CORP US 453,334 55.88 25,332,304 2.12
MEDICINES CO/THE US 562,256 36.47 20,505,476 1.71
METTLER-TOLEDO INTERNATIONAL I US 27,879 840.00 23,418,360 1.96
MICROCHIP TECHNOLOGY INC US 190,080 86.70 16,479,936 1.38
MSCI INC US 51,420 238.79 12,278,582 1.03
NCR CORP US 455,801 31.10 14,175,411 1.18
NICE LTD IL 140,793 137.00 19,288,641 1.61
ON SEMICONDUCTOR CORP US 858,610 20.21 17,352,508 1.45
PALO ALTO NETWORKS INC US 95,655 203.76 19,490,663 1.63
PIONEER NATURAL RESOURCES CO US 160,815 153.86 24,742,996 2.07
PURE STORAGE INC US 887,270 15.27 13,548,613 1.13
ROCKWELL AUTOMATION INC US 80,565 163.83 13,198,964 1.10
ROSS STORES INC US 203,940 99.12 20,214,533 1.69
RPM INTERNATIONAL INC US 341,660 61.11 20,878,843 1.74
SBA COMMUNICATIONS CORP US 118,030 224.84 26,537,865 2.22
SERVICENOW INC US 103,980 274.57 28,549,789 2.38
SIGNATURE BANK/NEW YORK NY US 115,835 120.84 13,997,501 1.17
SPLUNK INC US 122,920 125.75 15,457,190 1.29
SQUARE INC US 182,690 72.53 13,250,506 1.11
SS&C TECHNOLOGIES HOLDINGS INC US 449,490 57.61 25,895,119 2.16
STERIS PLC IE 136,479 148.88 20,318,994 1.70
SVB FINANCIAL GROUP US 51,357 224.59 11,534,269 0.96
TELEDYNE TECHNOLOGIES INC US 122,149 273.87 33,452,947 2.79
TRACTOR SUPPLY CO US 210,108 108.80 22,859,750 1.91
TRANSDIGM GROUP INC US 80,997 483.80 39,186,349 3.27
TRANSUNION US 379,861 73.51 27,923,582 2.33
TWILIO INC US 89,960 136.35 12,266,046 1.02
ULTA BEAUTY INC US 88,405 346.89 30,666,810 2.56
VF CORP US 139,170 87.35 12,156,500 1.02
WORLDPAY INC US 284,050 122.55 34,810,328 2.91
XILINX INC US 99,820 117.92 11,770,774 0.98
YUM CHINA HOLDINGS INC US 357,780 46.20 16,529,436 1.38
ZENDESK INC US 282,820 89.03 25,179,465 2.10
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

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 1.39% for Class A Shares, 2.14% for Class C Shares, 1.14% for Class Y Shares and 0.99% 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 Mid Cap Growth Fund for Your Portfolio

Seeking long-term growth of capital, Touchstone Mid Cap Growth Fund invests primarily in stocks of mid-cap U.S. companies that are believed to have demonstrated records of achievement with excellent prospects for earnings growth over a one- to three-year period.
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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