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Touchstone Sands Capital Institutional Growth Fund

Daily NAV
$
Overall Morningstar Rating™
Large Growth
Active Share
78 %

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

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2019
Total Fund Net Assets as of 06/30/2019 $1,947,487,077
Asset Class US Equity
Morningstar Category Large Growth
Benchmark Russell 1000® Growth Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 04/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Sands Capital Institutional Growth Fund -
HISTORICAL DAILY NAV
as of 07/31/2019
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 2.26% 2.38% 24.23% 10.82% 17.13% 14.25% 15.74% --
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 06/30/2019
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 11.56% 18.07% 13.39% 16.28% --
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

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
29
Active Share
78%
Weighted Average Market Capitalization
$247.3 B
Median Market Capitalization
$42.4 B
Price To Earnings Ratio
(Weighted Harmonic Average)
46.0x
Price to Book Ratio
(Weighted Harmonic Average)
9.1x
as of 06/30/2019
Composition % of Portfolio
Equities 95.9
Cash Equivalents 4.1
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 06/30/2019
Sector % of Portfolio
Information Technology 35.3
Communication Services 21.3
Healthcare 17.8
Consumer Discretionary 17.3
Industrials 4.6
Consumer Staples 3.8
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 07/31/2019
Security Description % of Portfolio
VISA INC 8.9
SERVICENOW INC 8.8
AMAZON.COM INC 8.4
ALIBABA GROUP HOLDING LTD 6.9
NETFLIX INC 5.8
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 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABIOMED INC US 106,518 260.49 27,746,874 1.42
ACTIVISION BLIZZARD INC US 602,850 47.20 28,454,520 1.46
ADOBE INC US 279,504 294.65 82,355,854 4.22
ALIBABA GROUP HOLDING LTD KY 748,260 169.45 126,792,657 6.50
ALIGN TECHNOLOGY INC US 177,930 273.70 48,699,441 2.50
ALPHABET INC US 5,715 1,080.91 6,177,401 0.32
ALPHABET INC US 83,682 1,082.80 90,610,870 4.65
AMAZON.COM INC US 84,828 1,893.63 160,632,846 8.24
BIOMARIN PHARMACEUTICAL INC US 360,853 85.65 30,907,059 1.59
COSTAR GROUP INC US 152,406 554.06 84,442,068 4.33
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 80,439,723 1.00 80,439,723 4.11
EDWARDS LIFESCIENCES CORP US 405,299 184.74 74,874,937 3.84
FACEBOOK INC US 409,683 193.00 79,068,819 4.05
FLOOR & DECOR HOLDINGS INC US 891,679 41.90 37,361,350 1.92
ILLUMINA INC US 217,191 368.15 79,958,867 4.10
INTUIT INC US 170,164 261.33 44,468,958 2.28
MATCH GROUP INC US 1,020,511 67.27 68,649,775 3.52
MIRATI THERAPEUTICS INC US 140,086 103.00 14,428,858 0.74
MONSTER BEVERAGE CORP US 1,108,182 63.83 70,735,257 3.63
NETFLIX INC US 335,503 367.32 123,236,962 6.32
PALO ALTO NETWORKS INC US 77,368 203.76 15,764,504 0.81
SALESFORCE.COM INC US 551,763 151.73 83,719,000 4.29
SAREPTA THERAPEUTICS INC US 202,481 151.95 30,766,988 1.58
SERVICENOW INC US 594,486 274.57 163,228,021 8.37
TWILIO INC US 218,333 136.35 29,769,705 1.53
VISA INC US 943,250 173.55 163,701,038 8.40
WORKDAY INC US 187,936 205.58 38,635,883 1.98
ZOETIS INC US 343,743 113.49 39,011,393 2.00
ATLASSIAN CORP PLC GB 193,526 130.84 25,320,942 1.30
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

Expense Fees for Share Class
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 04/29/2020.

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 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 on the resources section or call Touchstone at 800-638-8194. 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.

Not FDIC Insured | No Bank Guarantee | May Lose Value

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