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 363 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 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
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. 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 $650,808,352
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 01/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Mid Cap Value 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 Value Fund -
Including Sales Charge
Touchstone Mid Cap Value Fund -
Excluding Sales Charge
Russell Midcap® Value Index 10.29% 1.08% 10.29% -5.43% 11.67% 7.90% 15.39% --
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.
as of 12/31/2018 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 -12.29% 6.06% 5.44% 13.03% --
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.

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 12/31/2018
Number of Holdings
71
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
$10.2 B
Median Market Capitalization
$7.6 B
Price To Earnings Ratio
(Weighted Harmonic Average)
14.0x
Price to Book Ratio
(Weighted Harmonic Average)
1.8x
as of 12/31/2018
Composition % of Portfolio
Equities 98.9
Cash Equivalents 1.1
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
Financials 15.0
Industrials 12.6
Materials 12.3
Consumer Discretionary 11.6
Utilities 10.6
Information Technology 10.0
Real Estate 8.8
Consumer Staples 8.3
Energy 5.9
Healthcare 4.8
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
EVERGY INC 2.6
LKQ CORP 2.4
TREEHOUSE FOODS INC 2.3
MACOM TECHNOLOGY SOLUTIONS H 2.2
NISOURCE INC 2.2
BERRY GLOBAL GROUP INC 2.0
DTE ENERGY COMPANY 2.0
FIDELITY NATIONAL INFO SERV 1.9
PINNACLE WEST CAPITAL 1.9
ALEXANDRIA REAL ESTATE EQUIT 1.9
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
AERCAP HOLDINGS NV NL 228,091 39.60 9,032,404 1.38
AGNC INVESTMENT CORP US 574,082 17.54 10,069,398 1.54
ALEXANDRIA REAL ESTATE EQUIT US 105,711 115.24 12,182,136 1.87
ALLEGHENY TECHNOLOGIES INC US 354,711 21.77 7,722,058 1.18
ALLSTATE CORP US 133,930 82.63 11,066,636 1.70
AMERICAN CAMPUS COMMUNITIES US 278,973 41.39 11,546,692 1.77
AMERIPRISE FINANCIAL INC US 99,132 104.37 10,346,407 1.59
AMERISOURCEBERGEN CORP US 64,187 74.40 4,775,513 0.73
ANADARKO PETROLEUM CORP US 209,376 43.84 9,179,044 1.41
APERGY CORP US 69,597 27.08 1,884,687 0.29
ARAMARK US 274,536 28.97 7,953,308 1.22
BERRY GLOBAL GROUP INC US 301,846 47.53 14,346,740 2.20
BORGWARNER INC US 214,201 34.74 7,441,343 1.14
BRIXMOR PROPERTY GROUP INC US 531,189 14.69 7,803,166 1.20
CARTER'S INC US 101,910 81.62 8,317,894 1.27
CHARLES RIVER LABORATORIES US 99,132 113.18 11,219,760 1.72
CIMAREX ENERGY CO US 145,660 61.65 8,979,939 1.38
CLEAN HARBORS INC US 178,233 49.35 8,795,799 1.35
CONAGRA BRANDS INC US 0 21.36 0 0.00
DARLING INGREDIENTS INC US 649,913 19.24 12,504,326 1.92
DENTSPLY SIRONA INC US 243,736 37.21 9,069,417 1.39
DIAMONDBACK ENERGY INC US 101,329 92.70 9,393,198 1.44
DOLLAR GENERAL CORP US 71,498 108.08 7,727,504 1.18
DOLLAR TREE INC US 133,930 90.32 12,096,558 1.85
DOVER CORP US 139,194 70.95 9,875,814 1.51
DREYFUS-GOV C-IN US 7,132,910 1.00 7,132,910 1.09
DTE ENERGY COMPANY US 120,771 110.30 13,321,041 2.04
EDISON INTERNATIONAL US 130,275 56.77 7,395,712 1.13
EQT CORP US 267,041 18.89 5,044,404 0.77
EQUINIX INC US 21,786 352.56 7,680,872 1.18
EQUITRANS MIDSTREAM CORP US 165,512 20.02 3,313,550 0.51
EVERGY INC US 328,831 56.77 18,667,736 2.86
FIDELITY NATIONAL INFO SERV US 135,246 102.55 13,869,477 2.13
FLUOR CORP US 145,481 32.20 4,684,488 0.72
FMC CORP US 161,418 73.96 11,938,475 1.83
HAIN CELESTIAL GROUP INC US 267,861 15.86 4,248,275 0.65
HARTFORD FINANCIAL SVCS GRP US 204,697 44.45 9,098,782 1.39
HOST HOTELS & RESORTS INC US 491,712 16.67 8,196,839 1.26
INGREDION INC US 78,662 91.40 7,189,707 1.10
ISHARES RUSSELL MID-CAP VALU US 88,020 76.35 6,720,327 1.03
KAR AUCTION SERVICES INC US 262,889 47.72 12,545,063 1.92
KROGER CO US 285,845 27.50 7,860,738 1.20
LEIDOS HOLDINGS INC US 194,462 52.72 10,252,037 1.57
LKQ CORP US 661,025 23.73 15,686,123 2.40
M & T BANK CORP US 46,642 143.13 6,675,869 1.02
MACOM TECHNOLOGY SOLUTIONS H US 888,824 14.51 12,896,836 1.98
MICHAELS COS INC/THE US 377,081 13.54 5,105,677 0.78
MID-AMERICA APARTMENT COMM US 95,038 95.70 9,095,137 1.39
NEWELL BRANDS INC US 530,458 18.59 9,861,214 1.51
NISOURCE INC US 581,047 25.35 14,729,541 2.26
OLIN CORP US 346,377 20.11 6,965,641 1.07
PACWEST BANCORP US 239,057 33.28 7,955,817 1.22
PARKER HANNIFIN CORP US 42,109 149.14 6,280,136 0.96
PATTERSON COS INC US 271,516 19.66 5,338,005 0.82
PINNACLE FINANCIAL PARTNERS US 158,933 46.10 7,326,811 1.12
PINNACLE WEST CAPITAL US 160,395 85.20 13,665,654 2.09
PTC INC US 120,479 82.90 9,987,709 1.53
QORVO INC US 128,959 60.73 7,831,680 1.20
REGAL BELOIT CORP US 157,032 70.05 11,000,092 1.69
REINSURANCE GROUP OF AMERICA US 85,680 140.23 12,014,906 1.84
RPM INTERNATIONAL INC US 196,948 58.78 11,576,603 1.77
SCOTTS MIRACLE-GRO CO US 138,755 61.46 8,527,882 1.31
SIGNATURE BANK US 103,957 102.81 10,687,819 1.64
SNAP-ON INC US 84,949 145.29 12,342,240 1.89
SONOCO PRODUCTS CO US 140,217 53.13 7,449,729 1.14
STERICYCLE INC US 160,249 36.69 5,879,536 0.90
STERLING BANCORP/DE US 621,694 16.51 10,264,168 1.57
SYNOPSYS INC US 105,858 84.24 8,917,478 1.37
TREEHOUSE FOODS INC US 290,962 50.71 14,754,683 2.26
TYSON FOODS INC-CL A US 126,245 53.40 6,741,483 1.03
VALVOLINE INC US 546,833 19.35 10,581,219 1.62
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

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 01/29/2020.

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 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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