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 542 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
81 %

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 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

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 12/31/2018
Total Fund Net Assets as of 12/31/2018 $905,157,397
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 01/31/2019 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 11.49% 3.95% 11.49% 0.51% 15.60% 10.26% 16.92% --
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 12/31/2018 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 -4.75% 8.59% 7.42% 15.12% --
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 12/31/2018
Number of Holdings
55
Active Share
81%

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
$16.1 B
Median Market Capitalization
$13.3 B
Price To Earnings Ratio
(Weighted Harmonic Average)
21.8x
Price to Book Ratio
(Weighted Harmonic Average)
4.1x
as of 12/31/2018
Composition % of Portfolio
Equities 99.5
Cash Equivalents 0.5
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 12/31/2018
Sector % of Portfolio
Information Technology 34.6
Industrials 18.3
Healthcare 14.5
Consumer Discretionary 12.3
Financials 6.4
Energy 4.5
Real Estate 4.3
Materials 3.6
Consumer Staples 1.5
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 01/31/2019
Security Description % of Portfolio
FLEETCOR TECHNOLOGIES INC 2.9
TRANSDIGM GROUP INC 2.8
ULTA SALON COSMETICS & FRAGR 2.7
SERVICENOW INC 2.7
TELEDYNE TECHNOLOGIES INC 2.6
ZENDESK INC 2.6
METTLER-TOLEDO INTERNATIONAL 2.5
MARATHON PETROLEUM CORP 2.5
SBA COMMUNICATIONS CORP 2.4
HILTON WORLDWIDE HOLDINGS IN 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 12/31/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALEXANDRIA REAL ESTATE EQUIT US 145,410 115.24 16,757,048 1.86
AMETEK INC US 290,300 67.70 19,653,310 2.18
ARTHUR J GALLAGHER & CO US 251,300 73.70 18,520,810 2.05
AUTODESK INC US 126,425 128.61 16,259,519 1.80
AVERY DENNISON CORP US 193,190 89.83 17,354,258 1.92
CONAGRA BRANDS INC US 639,750 21.36 13,665,060 1.51
COOPER COS INC/THE US 82,129 254.50 20,901,831 2.31
DEXCOM INC US 117,260 119.80 14,047,748 1.56
DREYFUS-GOV C-IN US 4,663,455 1.00 4,663,455 0.52
FIDELITY NATIONAL INFO SERV US 263,700 102.55 27,042,435 2.99
FLEETCOR TECHNOLOGIES INC US 142,180 185.72 26,405,670 2.92
FORTINET INC US 219,532 70.43 15,461,639 1.71
HILTON WORLDWIDE HOLDINGS IN US 317,680 71.80 22,809,424 2.53
HUNT (JB) TRANSPRT SVCS INC US 216,566 93.04 20,149,301 2.23
ICON PLC IE 138,950 129.21 17,953,730 1.99
IDEXX LABORATORIES INC US 82,518 186.02 15,349,998 1.70
IHS MARKIT LTD GB 425,434 47.97 20,408,069 2.26
INGERSOLL-RAND PLC US 118,810 91.23 10,839,036 1.20
JAZZ PHARMACEUTI IE 125,754 123.96 15,588,466 1.73
LAM RESEARCH CORP US 123,710 136.17 16,845,591 1.87
LENNOX INTERNATIONAL INC US 89,781 218.86 19,649,470 2.18
LULULEMON ATHLETICA INC CA 110,890 121.61 13,485,333 1.49
MARATHON PETROLEUM CORP US 335,114 59.01 19,775,077 2.19
MEDICINES COMPANY US 496,570 19.14 9,504,350 1.05
METTLER-TOLEDO INTERNATIONAL US 39,617 565.58 22,406,583 2.48
MSCI INC US 119,195 147.43 17,572,919 1.95
NETAPP INC US 215,916 59.67 12,883,708 1.43
NICE LTD - SPON ADR IL 135,853 108.21 14,700,653 1.63
NXP SEMICONDUCTORS NV NL 186,730 73.28 13,683,574 1.52
PALO ALTO NETWORKS INC US 77,350 188.35 14,568,873 1.61
PIONEER NATURAL RESOURCES CO US 154,965 131.52 20,380,997 2.26
RED HAT INC US 126,810 175.64 22,272,908 2.47
ROCKWELL AUTOMATION INC US 90,655 150.48 13,641,764 1.51
RPM INTERNATIONAL INC US 258,770 58.78 15,210,501 1.68
SBA COMMUNICATIONS CORP US 131,720 161.89 21,324,151 2.36
SERVICENOW INC US 135,725 178.05 24,165,836 2.68
SIX FLAGS ENTERTAINMENT CORP US 214,800 55.63 11,949,324 1.32
SKYWORKS SOLUTIONS INC US 136,110 67.02 9,122,092 1.01
SPLUNK INC US 118,810 104.85 12,457,229 1.38
SQUARE INC - A US 176,140 56.09 9,879,693 1.09
SS&C TECHNOLOGIES HOLDINGS US 160,310 45.11 7,231,584 0.80
STERIS PLC GB 132,669 106.85 14,175,683 1.57
SVB FINANCIAL GROUP US 60,362 189.92 11,463,951 1.27
TELEDYNE TECHNOLOGIES INC US 117,899 207.07 24,413,346 2.70
TIFFANY & CO US 156,000 80.51 12,559,560 1.39
TRACTOR SUPPLY COMPANY US 162,198 83.44 13,533,801 1.50
TRANSDIGM GROUP INC US 72,167 340.06 24,541,110 2.72
TRANSUNION US 199,911 56.80 11,354,945 1.26
ULTA SALON COSMETICS & FRAGR US 93,055 244.84 22,783,586 2.52
ULTIMATE SOFTWARE GROUP INC US 53,570 244.87 13,117,686 1.45
VAIL RESORTS INC US 63,405 210.82 13,367,042 1.48
WESTERN ALLIANCE BANCORP US 256,240 39.49 10,118,918 1.12
WORLDPAY INC-CLASS A US 331,890 76.43 25,366,353 2.81
XILINX INC US 80,580 85.17 6,862,999 0.76
ZENDESK INC US 389,740 58.37 22,749,124 2.52
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.

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