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 541 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 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
84 %

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 06/30/2018
Total Fund Net Assets as of 06/30/2018 $828,306,123
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 08/31/2018 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 5.76% 8.45% 13.87% 25.06% 15.29% 14.19% 11.64% --
as of 06/30/2018 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 18.52% 10.73% 13.37% 10.45% --
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 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 06/30/2018
Number of Holdings
60
Active Share
84%

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
$18.1 B
Median Market Capitalization
$16.7 B
Price Earnings Ratio
(Weighted Harmonic Average)
25.8x
Price to Book Ratio
(Weighted Harmonic Average)
4.1x
as of 06/30/2018
Composition % of Portfolio
Equities 95.8
Cash Equivalents 4.2
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 28.9
Industrials 19.7
Consumer Discretionary 13.9
Healthcare 13.3
Financials 8.9
Energy 4.8
Materials 4.5
Consumer Staples 3.3
Real Estate 2.7
Telecommunication Services 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
WORLDPAY INC-CLASS A 2.8
FIDELITY NATIONAL INFO SERV 2.7
FLEETCOR TECHNOLOGIES INC 2.6
TELEDYNE TECHNOLOGIES INC 2.4
PIONEER NATURAL RESOURCES CO 2.3
ANDEAVOR 2.3
HUNT (JB) TRANSPRT SVCS INC 2.2
TRANSUNION 2.2
AMETEK INC 2.1
HILTON WORLDWIDE HOLDINGS IN 2.1
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
ALEXANDRIA REAL ESTATE EQUIT US 97,730 126.17 12,330,594 1.48
ALEXION PHARMACEUTICALS INC US 101,960 124.15 12,658,334 1.52
AMETEK INC US 235,620 72.16 17,002,339 2.04
ANALOG DEVICES INC US 130,380 95.92 12,506,050 1.50
ANDEAVOR US 125,735 131.18 16,493,917 1.98
APTIV PLC US 102,217 91.63 9,366,144 1.13
ARAMARK US 310,640 37.10 11,524,744 1.39
ARTHUR J GALLAGHER & CO US 203,920 65.28 13,311,898 1.60
AUTODESK INC US 103,015 131.09 13,504,236 1.62
AVERY DENNISON CORP US 119,040 102.10 12,153,984 1.46
CELANESE CORP-SERIES A US 108,650 111.06 12,066,669 1.45
CONSTELLATION BRANDS INC-A US 54,771 218.87 11,987,729 1.44
COOPER COS INC/THE US 73,079 235.45 17,206,451 2.07
CYRUSONE INC US 155,315 58.36 9,064,183 1.09
DELPHI TECHNOLOGIES PLC US 220,352 45.46 10,017,202 1.20
DOLLAR TREE INC US 127,320 85.00 10,822,200 1.30
DREYFUS-GOV C-IN US 34,747,984 1.00 34,747,984 4.18
E*TRADE FINANCIAL CORP US 224,510 61.16 13,731,032 1.65
EXPEDIA GROUP INC US 78,630 120.19 9,450,540 1.14
FERGUSON PLC-ADR CH 2,077,692 8.15 16,933,190 2.04
FIDELITY NATIONAL INFO SERV US 193,470 106.03 20,513,624 2.47
FLEETCOR TECHNOLOGIES INC US 95,090 210.65 20,030,709 2.41
FORTINET INC US 178,342 62.43 11,133,891 1.34
HILTON WORLDWIDE HOLDINGS IN US 199,170 79.16 15,766,297 1.90
HUNT (JB) TRANSPRT SVCS INC US 157,426 121.55 19,135,130 2.30
ICON PLC IE 99,670 132.53 13,209,265 1.59
IDEXX LABORATORIES INC US 56,893 217.94 12,399,260 1.49
IHS MARKIT LTD GB 305,384 51.59 15,754,761 1.89
JAZZ PHARMACEUTI IE 67,514 172.30 11,632,662 1.40
LAM RESEARCH CORP US 86,860 172.85 15,013,751 1.80
LENNOX INTERNATIONAL INC US 78,031 200.15 15,617,905 1.88
MEDICINES COMPANY US 245,830 36.70 9,021,961 1.08
METTLER-TOLEDO INTERNATIONAL US 28,620 578.63 16,560,391 1.99
MICROCHIP TECHNOLOGY INC US 158,140 90.95 14,382,833 1.73
MSCI INC US 65,330 165.43 10,807,542 1.30
NCR CORPORATION US 317,790 29.98 9,527,344 1.15
NETAPP INC US 170,466 78.53 13,386,695 1.61
NICE LTD - SPON ADR IL 128,553 103.77 13,339,945 1.60
NXP SEMICONDUCTORS NV NL 8,615 109.27 941,361 0.11
PALO ALTO NETWORKS INC US 62,950 205.47 12,934,337 1.55
PINNACLE FOODS INC US 219,767 65.06 14,298,041 1.72
PIONEER NATURAL RESOURCES CO US 113,230 189.24 21,427,645 2.58
PROGRESSIVE CORP US 227,690 59.15 13,467,864 1.62
PVH CORP US 88,840 149.72 13,301,125 1.60
RED HAT INC US 102,840 134.37 13,818,611 1.66
ROCKWELL AUTOMATION INC US 61,725 166.23 10,260,547 1.23
SERVICENOW INC US 86,350 172.47 14,892,785 1.79
SIX FLAGS ENTERTAINMENT CORP US 188,250 70.05 13,186,913 1.59
SPLUNK INC US 96,950 99.11 9,608,715 1.16
SVB FINANCIAL GROUP US 27,196 288.76 7,853,117 0.94
TELEDYNE TECHNOLOGIES INC US 86,109 199.06 17,140,858 2.06
TIFFANY & CO US 132,070 131.60 17,380,412 2.09
TRANSDIGM GROUP INC US 45,961 345.14 15,862,980 1.91
TRANSUNION US 251,471 71.64 18,015,382 2.17
UNITED CONTINENTAL HOLDINGS US 163,420 69.73 11,395,277 1.37
VULCAN MATERIALS CO US 92,980 129.06 11,999,999 1.44
WESTERN ALLIANCE BANCORP US 206,740 56.61 11,703,551 1.41
WORLDPAY INC-CLASS A US 295,540 81.78 24,169,261 2.91
ZENDESK INC US 197,210 54.49 10,745,973 1.29
ZOETIS INC US 156,020 85.19 13,291,344 1.60
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

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.
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 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.

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