Touchstone Mid Cap Growth Fund

Touchstone Mid Cap Growth Fund

Daily NAV
$
Overall Morningstar RatingTM
Mid-Cap Growth

Morningstar

Overall Morningstar RatingTM is calculated against 540 funds in the Mid-Cap 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 Morningstar RatingTM does not include any adjustment for sales load. 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 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. 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 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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $1,093,847,865
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 07/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Mid Cap Growth Fund -
HISTORICAL DAILY NAV
as of 11/30/2018 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 2.54% -8.00% 4.75% 5.32% 11.24% 10.17% 16.64% --
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 09/30/2018 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 21.10% 16.65% 13.00% 13.46% --
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

Portfolio

as of 09/30/2018
Number of Holdings
59
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
$19.1 B
Median Market Capitalization
$17.3 B
Price Earnings Ratio
(Weighted Harmonic Average)
25.4x
Price to Book Ratio
(Weighted Harmonic Average)
4.4x
as of 09/30/2018
Composition % of Portfolio
Equities 97.1
Cash Equivalents 3.0
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 09/30/2018
Sector % of Portfolio
Information Technology 29.6
Industrials 20.6
Healthcare 12.9
Consumer Discretionary 11.5
Financials 8.2
Materials 6.0
Energy 4.9
Consumer Staples 3.3
Real Estate 3.2
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 11/30/2018
Security Description % of Portfolio
WORLDPAY INC-CLASS A 2.9
FIDELITY NATIONAL INFO SERV 2.9
METTLER-TOLEDO INTERNATIONAL 2.6
SERVICENOW INC 2.6
FLEETCOR TECHNOLOGIES INC 2.6
HILTON WORLDWIDE HOLDINGS IN 2.5
TELEDYNE TECHNOLOGIES INC 2.5
TRANSDIGM GROUP INC 2.4
ZENDESK INC 2.4
HUNT (JB) TRANSPRT SVCS INC 2.4
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALEXANDRIA REAL ESTATE EQUIT US 122,640 125.79 15,426,886 1.41
ALEXION PHARMACEUTICALS INC US 142,750 139.01 19,843,678 1.82
AMETEK INC US 295,660 79.12 23,392,619 2.14
ANDEAVOR US 156,065 153.50 23,955,978 2.19
APTIV PLC US 151,147 83.90 12,681,233 1.16
ARISTA NETWORKS INC US 30,408 265.86 8,084,271 0.74
ARTHUR J GALLAGHER & CO US 255,880 74.44 19,047,707 1.74
AUTODESK INC US 128,715 156.11 20,093,699 1.84
AVERY DENNISON CORP US 169,920 108.35 18,410,832 1.69
CELANESE CORP US 136,340 114.00 15,542,760 1.42
CONAGRA BRANDS INC US 577,390 33.97 19,613,938 1.80
CONSTELLATION BRANDS INC-A US 68,721 215.62 14,817,622 1.36
COOPER COS INC/THE US 83,749 277.15 23,211,035 2.13
DELPHI TECHNOLOGIES PLC US 276,502 31.36 8,671,103 0.79
DEXCOM INC US 38,960 143.04 5,572,838 0.51
DREYFUS-GOV C-IN US 32,259,225 1.00 32,259,225 2.95
E*TRADE FINANCIAL CORP US 202,190 52.39 10,592,734 0.97
EXPEDIA GROUP INC US 98,660 130.48 12,873,157 1.18
FERGUSON PLC-ADR CH 2,607,092 8.49 22,134,211 2.03
FIDELITY NATIONAL INFO SERV US 268,480 109.07 29,283,114 2.68
FLEETCOR TECHNOLOGIES INC US 131,915 227.84 30,055,514 2.75
FORTINET INC US 223,622 92.27 20,633,602 1.89
HILTON WORLDWIDE HOLDINGS IN US 288,810 80.78 23,330,072 2.14
HUNT (JB) TRANSPRT SVCS INC US 197,436 118.94 23,483,038 2.15
ICON PLC IE 125,070 153.75 19,229,513 1.76
IDEXX LABORATORIES INC US 71,373 249.66 17,818,983 1.63
IHS MARKIT LTD GB 383,204 53.96 20,677,688 1.89
JAZZ PHARMACEUTI IE 99,854 168.13 16,788,453 1.54
LAM RESEARCH CORP US 108,940 151.70 16,526,198 1.51
LENNOX INTERNATIONAL INC US 97,911 218.40 21,383,762 1.96
MEDICINES COMPANY US 409,230 29.91 12,240,069 1.12
METTLER-TOLEDO INTERNATIONAL US 35,910 608.98 21,868,472 2.00
MSCI INC US 81,980 177.41 14,544,072 1.33
NETAPP INC US 173,456 85.89 14,898,136 1.36
NICE LTD - SPON ADR IL 138,103 114.47 15,808,650 1.45
NXP SEMICONDUCTORS NV NL 150,700 85.50 12,884,850 1.18
PALO ALTO NETWORKS INC US 79,000 225.26 17,795,540 1.63
PIONEER NATURAL RESOURCES CO US 157,775 174.19 27,482,827 2.52
PROGRESSIVE CORP US 209,040 71.04 14,850,202 1.36
PVH CORP US 131,140 144.40 18,936,616 1.73
RED HAT INC US 129,050 136.28 17,586,934 1.61
ROCKWELL AUTOMATION INC US 77,445 187.52 14,522,486 1.33
RPM INTERNATIONAL INC US 257,650 64.94 16,731,791 1.53
SBA COMMUNICATIONS CORP US 106,830 160.63 17,160,103 1.57
SERVICENOW INC US 107,940 195.63 21,116,302 1.93
SPLUNK INC US 120,870 120.91 14,614,392 1.34
SVB FINANCIAL GROUP US 42,825 310.83 13,311,295 1.22
TELEDYNE TECHNOLOGIES INC US 108,049 246.68 26,653,527 2.44
TIFFANY & CO US 124,850 128.97 16,101,905 1.47
TRACTOR SUPPLY COMPANY US 123,078 90.88 11,185,329 1.02
TRANSDIGM GROUP INC US 66,552 372.30 24,777,310 2.27
TRANSUNION US 315,541 73.58 23,217,507 2.13
ULTA SALON COSMETICS & FRAGR US 62,645 282.12 17,673,407 1.62
UNITED CONTINENTAL HOLDINGS US 205,060 89.06 18,262,644 1.67
VULCAN MATERIALS CO US 116,670 111.20 12,973,704 1.19
WESTERN ALLIANCE BANCORP US 259,420 56.89 14,758,404 1.35
WORLDPAY INC-CLASS A US 306,700 101.27 31,059,509 2.84
XILINX INC US 283,280 80.17 22,710,558 2.08
ZENDESK INC US 293,220 71.00 20,818,620 1.91
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

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 07/29/2019.

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 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.

Ready to Continue?

You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com

Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content. 

Are you ready to move forward?