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Touchstone Mid Cap Value Fund

Touchstone Mid Cap Value Fund

Daily NAV
$
Overall Morningstar Rating™
Mid-Cap Value

Morningstar

Overall Morningstar Rating™ is calculated against 368 funds in the Mid-Cap Value category.

The Morningstar Rating™ 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 Rating™ 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.
©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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 03/31/2019
Total Fund Net Assets as of 03/31/2019 $755,704,575
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 03/31/2019 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 0.50% 14.37% 14.37% 2.89% 9.50% 7.22% 16.39% --
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 03/31/2019 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 2.89% 9.50% 7.22% 16.39% --
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.

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

Morningstar Rating™

Portfolio

as of 03/31/2019
Number of Holdings
73
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
$11.9 B
Median Market Capitalization
$8.0 B
Price To Earnings Ratio
(Weighted Harmonic Average)
17.3x
Price to Book Ratio
(Weighted Harmonic Average)
2.0x
as of 03/31/2019
Composition % of Portfolio
Equities 99.6
Cash Equivalents 0.4
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 03/31/2019
Sector % of Portfolio
Financials 14.9
Materials 11.9
Information Technology 11.1
Industrials 10.8
Consumer Discretionary 10.2
Consumer Staples 10.1
Utilities 9.9
Real Estate 8.9
Healthcare 6.4
Energy 5.6
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 03/31/2019
Security Description % of Portfolio
Evergy Inc. 2.5
LKQ Corp. 2.5
NiSource Inc. 2.2
Pinnacle West Capital Corp. 2.0
Fidelity National Information Services 2.0
Alexandria Real Estate Equities Inc. 2.0
DTE Energy Co. 2.0
MACOM Technology Solutions Holdings Inc. 2.0
Treehouse Foods, Inc. 1.9
Darling Ingredients Inc. 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 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AERCAP HOLDINGS NV NL 227,608 46.54 10,592,876 1.40
AGNC INVESTMENT CORP US 630,591 18.00 11,350,638 1.50
ALEXANDRIA REAL ESTATE EQUIT US 105,488 142.56 15,038,369 1.99
ALLEGHENY TECHNOLOGIES INC US 285,386 25.57 7,297,320 0.97
ALLSTATE CORP US 133,647 94.18 12,586,874 1.67
AMERICAN CAMPUS COMMUNITIES US 278,382 47.58 13,245,416 1.75
AMERIPRISE FINANCIAL INC US 98,922 128.10 12,671,908 1.68
AMERISOURCEBERGEN CORP US 64,051 79.52 5,093,336 0.67
ANADARKO PETROLEUM CORP US 208,933 45.48 9,502,273 1.26
APERGY CORP US 69,450 41.06 2,851,617 0.38
ARAMARK US 126,060 29.55 3,725,073 0.49
BERRY GLOBAL GROUP INC US 252,266 53.87 13,589,569 1.80
BORGWARNER INC US 213,747 38.41 8,210,022 1.09
BRIXMOR PROPERTY GROUP INC US 530,064 18.37 9,737,276 1.29
CARTER'S INC US 101,694 100.79 10,249,738 1.36
CHARLES RIVER LABORATORIES US 93,524 145.25 13,584,361 1.80
CIMAREX ENERGY CO US 146,194 69.90 10,218,961 1.35
CLEAN HARBORS INC US 177,855 71.53 12,721,968 1.68
CONDUENT INC US 591,927 13.83 8,186,350 1.08
CONSTELLATION BRANDS INC-A US 61,425 175.33 10,769,645 1.43
DARLING INGREDIENTS INC US 648,537 21.65 14,040,826 1.86
DENTSPLY SIRONA INC US 243,220 49.59 12,061,280 1.60
DIAMONDBACK ENERGY INC US 101,694 101.53 10,324,992 1.37
DOLLAR GENERAL CORP US 71,346 119.30 8,511,578 1.13
DOLLAR TREE INC US 133,647 105.04 14,038,281 1.86
DOVER CORP US 138,899 93.80 13,028,726 1.72
DREYFUS-GOV C-IN US 2,976,250 1.00 2,976,250 0.39
DTE ENERGY COMPANY US 120,516 124.74 15,033,166 1.99
EDISON INTERNATIONAL US 129,999 61.92 8,049,538 1.07
ENCOMPASS HEALTH CORP US 189,528 58.40 11,068,435 1.47
EQT CORP US 268,023 20.74 5,558,797 0.74
EQUINIX INC US 21,739 453.16 9,851,245 1.30
EQUITRANS MIDSTREAM CORP US 165,162 21.78 3,597,228 0.48
EVERGY INC US 328,135 58.05 19,048,237 2.52
FIDELITY NATIONAL INFO SERV US 134,960 113.10 15,263,976 2.02
FLUOR CORP US 145,173 36.80 5,342,366 0.71
FMC CORP US 161,076 76.82 12,373,858 1.64
HAIN CELESTIAL GROUP INC US 353,248 23.12 8,167,094 1.08
HARTFORD FINANCIAL SVCS GRP US 204,264 49.72 10,156,006 1.34
HOST HOTELS & RESORTS INC US 490,671 18.90 9,273,682 1.23
INGREDION INC US 78,496 94.69 7,432,786 0.98
ISHARES RUSSELL MID-CAP VALU US 65,802 86.86 5,715,562 0.76
KROGER CO US 367,237 24.60 9,034,030 1.20
LEIDOS HOLDINGS INC US 194,050 64.09 12,436,665 1.65
LIVENT CORP US 619,173 12.28 7,603,443 1.01
LKQ CORP US 659,626 28.38 18,720,186 2.48
M & T BANK CORP US 46,543 157.02 7,308,182 0.97
MACOM TECHNOLOGY SOLUTIONS H US 886,942 16.71 14,820,801 1.96
MICHAELS COS INC/THE US 376,283 11.42 4,297,152 0.57
MID-AMERICA APARTMENT COMM US 94,837 109.33 10,368,529 1.37
NEWELL BRANDS INC US 529,335 15.34 8,119,999 1.08
NISOURCE INC US 579,817 28.66 16,617,555 2.20
OLIN CORP US 345,643 23.14 7,998,179 1.06
PACWEST BANCORP US 238,551 37.61 8,971,903 1.19
PARKER HANNIFIN CORP US 42,020 171.62 7,211,472 0.95
PATTERSON COS INC US 270,941 21.85 5,920,061 0.78
PINNACLE FINANCIAL PARTNERS US 199,887 54.70 10,933,819 1.45
PINNACLE WEST CAPITAL US 160,055 95.58 15,298,057 2.03
PTC INC US 120,224 92.18 11,082,248 1.47
QORVO INC US 128,686 71.73 9,230,647 1.22
REGAL BELOIT CORP US 156,699 81.87 12,828,947 1.70
REINSURANCE GROUP OF AMERICA US 85,499 141.98 12,139,148 1.61
RPM INTERNATIONAL INC US 196,531 58.04 11,406,659 1.51
SCOTTS MIRACLE-GRO CO US 138,462 78.58 10,880,344 1.44
SIGNATURE BANK US 103,737 128.07 13,285,598 1.76
SNAP-ON INC US 66,969 156.52 10,481,988 1.39
SONOCO PRODUCTS CO US 106,509 61.53 6,553,499 0.87
STERICYCLE INC US 159,909 54.42 8,702,248 1.15
STERLING BANCORP/DE US 620,378 18.63 11,557,642 1.53
SYNOPSYS INC US 105,634 115.15 12,163,755 1.61
TREEHOUSE FOODS INC US 220,313 64.55 14,221,204 1.88
TYSON FOODS INC-CL A US 170,268 69.43 11,821,707 1.57
VALVOLINE INC US 600,243 18.56 11,140,510 1.47
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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