Touchstone Sands Capital Institutional Growth Fund

Touchstone Sands Capital Institutional Growth Fund

Daily NAV
$
Overall Morningstar RatingTM
Large Growth

Morningstar

Overall Morningstar RatingTM is calculated against 1247 funds in the Large 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
78 %

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 Sands Capital Management, LLC

Objective

The fund seeks long-term capital appreciation by investing primarily in common stocks of U.S. companies believed to have above-average potential for revenue and earnings growth.

Sands Capital Institutional Growth Fund Commentary

Investment Style

  • Identifies leading companies with dramatic wealth creation potential, focusing on six key investment criteria:
    - Sustainable, above-average earnings growth
    - Leadership position in a promising business space
    - Significant competitive advantages
    - Clear mission and value-added focus
    - Financial strength
    - Rational stock market valuation
  • Emphasizes investments in large-cap companies
  • Typically holds 25-35 companies
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. 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 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. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers and may be subject to greater risks. 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 $1,582,133,106
Asset Class US Equity
Morningstar Category Large Growth
Benchmark Russell 1000® Growth Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 04/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Sands Capital Institutional 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 Sands Capital Institutional Growth Fund -
Including Sales Charge
Touchstone Sands Capital Institutional Growth Fund -
Excluding Sales Charge
Russell 1000® Growth Index 8.99% 0.68% 8.99% 0.24% 16.60% 12.97% 16.86% --
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 Sands Capital Institutional Growth Fund -
Including Sales Charge
Touchstone Sands Capital Institutional Growth Fund -
Excluding Sales Charge
Russell 1000® Growth Index -1.51% 11.15% 10.40% 15.29% --
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 Sands Capital Institutional Growth Fund for Your Portfolio

Touchstone Sands Capital Institutional Growth Fund invests primarily in common stocks of U.S. companies believed to have above average potential for revenue and earnings growth. It seeks long-term capital appreciation.
Contact Us Now

Portfolio

as of 12/31/2018
Number of Holdings
30
Active Share
78%

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
$198.7 B
Median Market Capitalization
$32.0 B
Price To Earnings Ratio
(Weighted Harmonic Average)
44.6x
Price to Book Ratio
(Weighted Harmonic Average)
7.8x
as of 12/31/2018
Composition % of Portfolio
Equities 99.3
Cash Equivalents 0.7
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 34.8
Healthcare 19.9
Consumer Discretionary 19.9
Communication Services 19.3
Consumer Staples 3.4
Industrials 3.2
Real Estate 0.0
Utilities 0.0
Financials 0.0
Materials 0.0
Energy 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
AMAZON.COM INC 8.7
SERVICENOW INC 7.9
ALIBABA GROUP HOLDING-SP ADR 7.6
VISA INC-CLASS A SHARES 7.1
NETFLIX INC 6.9
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
ABIOMED INC US 41,164 325.04 13,379,947 0.85
ACTIVISION BLIZZARD INC US 583,692 46.57 27,182,536 1.73
ADOBE INC US 320,526 226.24 72,515,802 4.62
ALEXION PHARMACEUTICALS INC US 275,497 97.36 26,822,388 1.71
ALIBABA GROUP HOLDING-SP ADR CN 780,974 137.07 107,048,106 6.83
ALIGN TECHNOLOGY INC US 171,460 209.43 35,908,868 2.29
ALPHABET INC-CL C US 6,090 1,035.61 6,306,865 0.40
ALPHABET INC-CL A US 87,346 1,044.96 91,273,076 5.82
AMAZON.COM INC US 88,235 1,501.97 132,526,323 8.45
BIOMARIN PHARMACEUTICAL INC US 350,122 85.15 29,812,888 1.90
BOOKING HOLDINGS INC US 27,765 1,722.42 47,822,991 3.05
COSTAR GROUP INC US 148,373 337.34 50,052,148 3.19
DREYFUS-GOV C-IN US 11,186,622 1.00 11,186,622 0.71
EDWARDS LIFESCIENCES CORP US 392,951 153.17 60,188,305 3.84
FACEBOOK INC-CLASS A US 323,513 131.09 42,409,319 2.70
FLOOR & DECOR HOLDINGS INC-A US 861,488 25.90 22,312,539 1.42
ILLUMINA INC US 210,992 299.93 63,282,831 4.04
LOXO ONCOLOGY INC US 170,394 140.07 23,867,088 1.52
MATCH GROUP INC US 740,753 42.77 31,682,006 2.02
MONSTER BEVERAGE CORP US 1,072,797 49.22 52,803,068 3.37
NETFLIX INC US 350,114 267.66 93,711,513 5.98
PALO ALTO NETWORKS INC US 246,735 188.35 46,472,537 2.96
REGENERON PHARMACEUTICALS US 105,263 373.50 39,315,731 2.51
SALESFORCE.COM INC US 753,400 136.97 103,193,198 6.58
SAREPTA THERAPEUTICS INC US 164,100 109.13 17,908,233 1.14
SERVICENOW INC US 621,301 178.05 110,622,643 7.05
SPLUNK INC US 375,487 104.85 39,369,812 2.51
VISA INC-CLASS A SHARES US 907,678 131.94 119,759,035 7.64
WORKDAY INC-CLASS A US 196,891 159.68 31,439,555 2.00
ATLASSIAN CORP PLC-CLASS A AU 202,658 88.98 18,032,509 1.15
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 Sands Capital Management, LLC
Frank M Sands

Frank M. Sands, Jr., CFA

Investment Experience since 1994 

Career Summary 
Sands Capital Management, LLC
Fayez Sarofim & Co. 

Education 
MBA - University of Virginia's Darden Graduate School of Business
MS - Real Estate Finance & Development, John Hopkins University
BA - Economics, Washington & Lee University
Wesley A. Johnston

Wesley A. Johnston, CFA

Investment Experience since 2004

Career Summary 
Sands Capital Management, LLC

Education 
BS - Economics, University of Pennsylvania
Michael Sramek

A. Michael Sramek, CFA

Investment Experience since 1995

Career Summary 
Sands Capital Management, LLC 
Mastrapasqua & Associates 
BARRA/Rogers Casey  

Education 
MBA – Vanderbilt University, Owen Graduate School of Management
AB – Princeton University
Thomas Trentman

Thomas H. Trentman, CFA

Investment Experience since 2005

Career Summary 
Sands Capital Management, LLC 

Education 
BS - Physics-Engineering, Washington & Lee University
BA - Chemistry, Washington & Lee 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 0.80% for Class INST Shares. These expense limitations will remain in effect until at least 04/29/2019.

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 Sands Capital Institutional Growth Fund for Your Portfolio

Touchstone Sands Capital Institutional Growth Fund invests primarily in common stocks of U.S. companies believed to have above average potential for revenue and earnings growth. It seeks long-term capital appreciation.
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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