Skip to Main Navigation Skip to Main Content

Touchstone Value Fund

Touchstone Value Fund

Daily NAV
$
Overall Morningstar Rating™
Large Value

Morningstar

Overall Morningstar Rating™ is calculated against 1100 funds in the Large 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
75 %

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 Barrow, Hanley, Mewhinney & Strauss, LLC

Objective

The fund seeks long-term capital growth by investing primarily in equity securities of large- and mid-cap companies believed to be undervalued.

Value Fund Fund Commentary

Investment Style

  • Stock selection is driven by fundamental securities analysis on individual companies rather than by broad market themes
  • Utilizes traditional methods of stock selection, research, and analysis, to identify securities of companies that have price-to-earnings and price-to-book ratios below the market and dividend yields above the market
  • Focuses on companies that are out of favor due to internal or external challenges judged to be short-term in nature
  • Seeks to identify the reasons for a temporary undervaluation of a company's shares and believes that value can be added through individual stock selection
  • Utilizes risk management tools in an effort to prevent overexposure to particular market segments
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 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 preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. The Fund invests in foreign securities, including depositary receipts, such as ADRs, GDRs and EDRs, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. 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. 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 $293,785,606
Asset Class US Equity
Morningstar Category Large Value
Benchmark Russell 1000® Value Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Value Fund -
HISTORICAL DAILY NAV
as of 02/28/2019 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Value Fund -
Including Sales Charge
Touchstone Value Fund -
Excluding Sales Charge
Russell 1000® Value Index 3.20% 0.55% 11.23% 3.16% 12.80% 8.09% 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.
The performance presented for Class A, C, and INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 09/10/98, with the performance since the inception date of each share class.
as of 12/31/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Value Fund -
Including Sales Charge
Touchstone Value Fund -
Excluding Sales Charge
Russell 1000® Value Index -8.27% 6.95% 5.95% 11.18% --
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.
The performance presented for Class A, C, and INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 09/10/98, with the performance since the inception date of each share class.

Consider Touchstone Value Fund for Your Portfolio

Seeking long-term capital growth by Investing primarily in equity securities of large- and mid-cap companies believed to be undervalued, Touchstone Value Fund utilizes fundamental securities analysis on individual companies rather than broad market themes to drive stock selection.
Contact Us Now

Portfolio

as of 12/31/2018
Number of Holdings
43
Active Share
75%

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
$125.3 B
Median Market Capitalization
$74.2 B
Price To Earnings Ratio
(Weighted Harmonic Average)
15.1x
Price to Book Ratio
(Weighted Harmonic Average)
2.0x
as of 12/31/2018
Composition % of Portfolio
Equities 97.7
Cash Equivalents 2.3
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
Healthcare 19.3
Financials 17.9
Energy 14.7
Information Technology 12.7
Consumer Discretionary 9.4
Industrials 7.8
Materials 6.7
Utilities 4.1
Communication Services 3.9
Consumer Staples 3.7
Real Estate 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 02/28/2019
Security Description % of Portfolio
COMCAST CORP-CLASS A 4.0
LOWE'S COS INC 3.9
AIR PRODUCTS & CHEMICALS INC 3.8
DOLLAR GENERAL CORP 3.7
PHILLIPS 66 3.5
MEDTRONIC PLC 3.4
WELLS FARGO & CO 3.3
ORACLE CORP 3.3
MICROSOFT CORP 3.1
CONOCOPHILLIPS 3.1
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
ADVANCE AUTO PARTS INC US 26,056 157.46 4,102,778 1.40
AIR PRODUCTS & CHEMICALS INC US 66,706 160.05 10,676,295 3.64
ALTRIA GROUP INC US 93,542 49.39 4,620,039 1.58
AMERICAN EXPRESS CO US 73,823 95.32 7,036,808 2.40
AMERICAN INTERNATIONAL GROUP US 186,213 39.41 7,338,654 2.50
ANTHEM INC US 26,520 262.63 6,964,948 2.38
BANK OF NEW YORK MELLON CORP US 123,646 47.07 5,820,017 1.99
BP PLC-SPONS ADR GB 199,501 37.92 7,565,078 2.58
BROADCOM INC US 12,620 254.28 3,209,014 1.10
CARDINAL HEALTH INC US 56,312 44.60 2,511,515 0.86
CHEVRON CORP US 66,981 108.79 7,286,863 2.49
CIGNA (NEW) US 15,468 189.92 2,937,742 1.00
COMCAST CORP-CLASS A US 315,428 34.05 10,740,323 3.67
CONOCOPHILLIPS US 151,496 62.35 9,445,776 3.22
CVS HEALTH CORP US 140,017 65.52 9,173,914 3.13
DOLLAR GENERAL CORP US 109,373 108.08 11,821,034 4.03
DOMINION ENERGY INC US 92,636 71.46 6,619,769 2.26
DOWDUPONT INC US 155,331 53.48 8,307,102 2.83
DREYFUS-GOV C-IN US 6,609,725 1.00 6,609,725 2.26
EXELON CORP US 109,302 45.10 4,929,520 1.68
GENERAL DYNAMICS CORP US 19,876 157.21 3,124,706 1.07
GENERAL ELECTRIC CO US 566,692 7.57 4,289,858 1.46
JOHNSON & JOHNSON US 35,627 129.05 4,597,664 1.57
JOHNSON CONTROLS INTERNATION US 256,616 29.65 7,608,664 2.60
JPMORGAN CHASE & CO US 86,013 97.62 8,396,589 2.87
LOWE'S COS INC US 115,251 92.36 10,644,582 3.63
MEDTRONIC PLC US 114,288 90.96 10,395,636 3.55
MERCK & CO. INC. US 48,511 76.41 3,706,726 1.26
MICROSOFT CORP US 86,242 101.57 8,759,600 2.99
NEW YORK COMMUNITY BANCORP US 322,141 9.41 3,031,347 1.03
OCCIDENTAL PETROLEUM CORP US 68,430 61.38 4,200,233 1.43
ORACLE CORP US 202,416 45.15 9,139,082 3.12
PFIZER INC US 237,197 43.65 10,353,649 3.53
PHILIP MORRIS INTERNATIONAL US 87,247 66.76 5,824,610 1.99
PHILLIPS 66 US 109,142 86.15 9,402,583 3.21
QUALCOMM INC US 148,934 56.91 8,475,834 2.89
SANOFI-ADR FR 160,195 43.41 6,954,065 2.37
SCHLUMBERGER LTD US 103,650 36.08 3,739,692 1.28
STATE STREET CORP US 52,381 63.07 3,303,670 1.13
TEXAS INSTRUMENTS INC US 69,168 94.50 6,536,376 2.23
UNITED TECHNOLOGIES CORP US 67,056 106.48 7,140,123 2.44
US BANCORP US 133,223 45.70 6,088,291 2.08
WELLS FARGO & CO US 208,584 46.08 9,611,551 3.28
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 Barrow, Hanley, Mewhinney & Strauss, LLC
Giambrone

Mark Giambrone

Investment Experience  since 1992 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC
HOLT Value Associates
KMPG Peat Marwick
Ernst & Young Kenneth Leventhal 

Education 
MBA - University of Chicago
BS - Indiana University
Ropp

R. Lewis Ropp

Investment Experience since 1981 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC 
Frost Securities 
Shell Oil Company 
Howard, Weil, Labouisse, Fredrichs Inc.  

Education 
MBA, MS - Tulane University 
BS - University of Louisiana at Lafayette 
Ganucheau

David W. Ganucheau, CFA

Investment Experience since 1996 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC
Clover Partners LP
GSB Investment Management 

Education 
BA - Southern Methodist University
Fahrenbruch

Jeff G. Fahrenbruch, CFA

Investment Experience since 1997 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC
Westwood Holdings Group 

Education 
BA - University of Texas

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 1.08% for Class A Shares, 1.83% for Class C Shares, 0.83% for Class Y Shares and 0.68% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2019.

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 Value Fund for Your Portfolio

Seeking long-term capital growth by Investing primarily in equity securities of large- and mid-cap companies believed to be undervalued, Touchstone Value Fund utilizes fundamental securities analysis on individual companies rather than broad market themes to drive stock selection.
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.

Ready to Continue?

You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com

Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content. 

Are you ready to move forward?