Touchstone Mid Cap Value Fund

Touchstone Mid Cap Value Fund

Daily NAV
$
Overall Morningstar RatingTM
Mid-Cap Value

Morningstar

Overall Morningstar RatingTM is calculated against 365 funds in the Mid-Cap Value 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
88 %

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 LMCG Investments, LLC

Objective

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

Touchstone Mid Cap Value Fund Commentary

Investment Style

  • Utilizes a classic value-driven fundamental investment process
  • Seeks to identify companies believed to be selling at a discount to their intrinsic value
  • Employs five valuation screens that seek to identify attractively priced securities
  • Conducts in-depth research and analysis on the securities that pass the valuation screens in an effort to identify leading companies selling at attractive valuations
  • Examines financial statements and assesses the company's management team, competitive strategy, and its current market position
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 value stocks which may not appreciate in value as anticipated or may experience a decline in value. The Fund invests in REITs; the risks are similar to those associated with direct ownership of real estate. Shareholders will indirectly bear the additional expenses of investing in REITs. 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 $777,630,855
Asset Class US Equity
Morningstar Category Mid-Cap Value
Benchmark Russell Midcap® Value Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Mid Cap Value 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 Value Fund -
Including Sales Charge
Touchstone Mid Cap Value Fund -
Excluding Sales Charge
Russell Midcap® Value Index 1.36% 4.96% 3.95% 12.67% 12.12% 11.81% 10.33% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Mid Cap Value Fund -
Including Sales Charge
Touchstone Mid Cap Value Fund -
Excluding Sales Charge
Russell Midcap® Value Index 7.60% 8.80% 11.27% 10.06% --
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.

Consider Touchstone Mid Cap Value Fund for Your Portfolio

Seeking to provide long-term capital growth by Investing primarily in common stocks of mid-cap companies, Touchstone Mid Cap Value Fund utilizes a classic value-driven fundamental investment process to identify companies believed to be selling at a discount to their intrinsic value.
Contact Us Now

Portfolio

as of 06/30/2018
Number of Holdings
74
Active Share
88%

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
$11.3 B
Median Market Capitalization
$8.8 B
Price Earnings Ratio
(Weighted Harmonic Average)
18.3x
Price to Book Ratio
(Weighted Harmonic Average)
2.1x
as of 06/30/2018
Composition % of Portfolio
Equities 99.2
Cash Equivalents 0.8
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
Financials 18.9
Industrials 13.1
Materials 12.1
Information Technology 9.8
Consumer Discretionary 9.3
Energy 8.7
Real Estate 8.3
Utilities 7.7
Healthcare 6.2
Consumer Staples 5.8
Telecommunication Services 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
MACOM TECHNOLOGY SOLUTIONS H 2.6
EVERGY INC 2.4
LKQ CORP 2.4
KAR AUCTION SERVICES INC 2.1
AERCAP HOLDINGS NV 2.0
SYNOPSYS INC 2.0
SNAP-ON INC 1.9
FIDELITY NATIONAL INFO SERV 1.9
LEIDOS HOLDINGS INC 1.8
FMC CORP 1.8
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
AERCAP HOLDINGS NV NL 279,468 54.15 15,133,192 1.95
ALEXANDRIA REAL ESTATE EQUIT US 105,347 126.17 13,291,631 1.71
ALLEGHENY TECHNOLOGIES INC US 353,488 25.12 8,879,619 1.14
ALLSTATE CORP US 133,469 91.27 12,181,716 1.57
AMERICAN CAMPUS COMMUNITIES US 278,011 42.88 11,921,112 1.53
AMERIPRISE FINANCIAL INC US 85,094 139.88 11,902,949 1.53
AMERISOURCEBERGEN CORP US 63,966 85.27 5,454,381 0.70
ANADARKO PETROLEUM CORP US 208,654 73.25 15,283,906 1.97
APERGY CORP US 69,357 41.75 2,895,655 0.37
ARAMARK US 197,872 37.10 7,341,051 0.94
BEMIS COMPANY US 157,642 42.21 6,654,069 0.86
BERRY GLOBAL GROUP INC US 267,656 45.94 12,296,117 1.58
BLACKSTONE MORTGAGE TRU-CL A US 372,285 31.43 11,700,918 1.51
BORGWARNER INC US 213,463 43.16 9,213,063 1.19
BRIXMOR PROPERTY GROUP INC US 529,358 17.43 9,226,710 1.19
CARTER'S INC US 61,926 108.39 6,712,159 0.86
CHARLES RIVER LABORATORIES US 98,790 112.26 11,090,165 1.43
CIMAREX ENERGY CO US 123,269 101.74 12,541,388 1.61
CLEAN HARBORS INC US 177,618 55.55 9,866,680 1.27
DARLING INGREDIENTS INC US 522,486 19.88 10,387,022 1.34
DENTSPLY SIRONA INC US 242,896 43.77 10,631,558 1.37
DIEBOLD NIXDORF INC US 299,430 11.95 3,578,189 0.46
DOLLAR GENERAL CORP US 43,567 98.60 4,295,706 0.55
DOLLAR TREE INC US 133,469 85.00 11,344,865 1.46
DOVER CORP US 138,714 73.20 10,153,865 1.31
DREYFUS-GOV C-IN US 6,016,470 1.00 6,016,470 0.77
DTE ENERGY COMPANY US 120,355 103.63 12,472,389 1.60
E*TRADE FINANCIAL CORP US 208,071 61.16 12,725,622 1.64
EDISON INTERNATIONAL US 129,826 63.27 8,214,091 1.06
ENVISION HEALTHCARE CORP US 308,610 44.01 13,581,926 1.75
EQT CORP US 206,323 55.18 11,384,903 1.46
EQUINIX INC US 21,711 429.89 9,333,342 1.20
EVERGY INC US 327,698 56.15 18,400,243 2.37
FIDELITY NATIONAL INFO SERV US 134,780 106.03 14,290,723 1.84
FLUOR CORP US 144,980 48.78 7,072,124 0.91
FMC CORP US 160,862 89.21 14,350,499 1.85
HAIN CELESTIAL GROUP INC US 266,938 29.80 7,954,752 1.02
HANOVER INSURANCE GROUP INC/ US 85,385 119.56 10,208,631 1.31
HARTFORD FINANCIAL SVCS GRP US 203,992 51.13 10,430,111 1.34
HOST HOTELS & RESORTS INC US 490,017 21.07 10,324,658 1.33
ISHARES RUSSELL MID-CAP VALU US 109,573 88.49 9,696,115 1.25
KAR AUCTION SERVICES INC US 261,983 54.80 14,356,668 1.85
KROGER CO US 225,119 28.45 6,404,636 0.82
LKQ CORP US 532,855 31.90 16,998,075 2.19
M & T BANK CORP US 46,481 170.15 7,908,742 1.02
MACOM TECHNOLOGY SOLUTIONS H US 885,760 23.04 20,407,910 2.63
MICHAELS COS INC/THE US 375,828 19.17 7,204,623 0.93
MID-AMERICA APARTMENT COMM US 94,710 100.67 9,534,456 1.23
NEWELL BRANDS INC US 286,462 25.79 7,387,855 0.95
NEWFIELD EXPLORATION CO US 327,698 30.25 9,912,865 1.28
NOBLE ENERGY INC US 397,784 35.28 14,033,820 1.81
OLIN CORP US 345,183 28.72 9,913,656 1.28
PACWEST BANCORP US 238,233 49.42 11,773,475 1.51
PARKER HANNIFIN CORP US 41,964 155.85 6,540,089 0.84
PATTERSON COS INC US 270,580 22.67 6,134,049 0.79
PINNACLE FINANCIAL PARTNERS US 158,385 61.35 9,716,920 1.25
PINNACLE FOODS INC US 95,293 65.06 6,199,763 0.80
PINNACLE WEST CAPITAL US 159,842 80.56 12,876,872 1.66
PPL CORP US 235,610 28.55 6,726,666 0.87
PTC INC US 139,151 93.81 13,053,755 1.68
QORVO INC US 128,515 80.17 10,303,048 1.33
REGAL BELOIT CORP US 156,491 81.80 12,800,964 1.65
REINSURANCE GROUP OF AMERICA US 85,385 133.48 11,397,190 1.47
RPM INTERNATIONAL INC US 168,293 58.32 9,814,848 1.26
SCOTTS MIRACLE-GRO CO US 138,277 83.16 11,499,115 1.48
SIGNATURE BANK US 88,299 127.88 11,291,676 1.45
SNAP-ON INC US 84,656 160.72 13,605,912 1.75
SONOCO PRODUCTS CO US 139,734 52.50 7,336,035 0.94
STERICYCLE INC US 159,696 65.29 10,426,552 1.34
STERLING BANCORP/DE US 396,181 23.50 9,310,254 1.20
SVB FINANCIAL GROUP US 47,792 288.76 13,800,418 1.78
SYNOPSYS INC US 154,742 85.57 13,241,273 1.70
TREEHOUSE FOODS INC US 250,910 52.51 13,175,284 1.70
VALVOLINE INC US 544,949 21.57 11,754,550 1.51
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

Actively Managed and Sub-Advised by LMCG Investments, LLC
R Todd Vingers

R. Todd Vingers, CFA

Investment Experience since 1990

Career Summary 
LMCG Investments, LLC 
American Century Investments 
Hawthorne Company  

Education 
MBA - University of Chicago Booth School of Business 
BA - University of St. Thomas 
Jay Willadsen

Jay C. Willadsen, CFA

Investment Experience since 1998

Career Summary 
LMCG Investments, LLC 
Independence Investment, LLC 
Indiana University Foundation 
Comptroller of Currency, Omaha, NE 

Education 
MBA - Indiana University 
BA - Buena Vista University 

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 1.22% for Class A Shares, 1.97% for Class C Shares, 0.97% for Class Y Shares and 0.84% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/2019.
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 Value Fund for Your Portfolio

Seeking to provide long-term capital growth by Investing primarily in common stocks of mid-cap companies, Touchstone Mid Cap Value Fund utilizes a classic value-driven fundamental investment process to identify companies believed to be selling at a discount to their intrinsic value.
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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