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Touchstone Value Fund

Daily NAV
$
Overall Morningstar Rating™
Large Value

Morningstar

Overall Morningstar Rating™ is calculated against 1103 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
80 %

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 American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards including those of certain European countries that may have the potential to leave the European Union. 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

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 $337,750,204
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 06/30/2019
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 7.18% 3.84% 16.24% 8.46% 10.19% 7.46% 13.19% --
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 06/30/2019
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 8.46% 10.19% 7.46% 13.19% --
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

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
46
Active Share
80%

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
$127.0 B
Median Market Capitalization
$64.7 B
Price To Earnings Ratio
(Weighted Harmonic Average)
18.0x
Price to Book Ratio
(Weighted Harmonic Average)
2.0x
as of 06/30/2019
Composition % of Portfolio
Equities 97.9
Cash Equivalents 2.1
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
Financials 19.6
Energy 13.4
Information Technology 13.0
Consumer Discretionary 12.6
Industrials 11.5
Healthcare 11.3
Materials 8.0
Utilities 4.7
Communication Services 3.9
Consumer Staples 2.0
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 06/30/2019
Security Description % of Portfolio
Air Products & Chemicals Inc. 4.4
Comcast Corp. 3.9
Dollar General Corp. 3.8
Lowe's Companies, Inc. 3.5
Medtronic PLC 3.4
Microsoft Corp. 3.4
Oracle Corp. 3.3
American International Group Inc. 3.3
Phillips 66 3.2
JPMorgan Chase & Co. 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 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ADVANCE AUTO PARTS INC US 51,319 154.14 7,910,311 2.35
AIR PRODUCTS & CHEMICALS INC US 63,621 226.37 14,401,886 4.27
AMERICAN EXPRESS CO US 66,431 123.44 8,200,243 2.43
AMERICAN INTERNATIONAL GROUP I US 202,154 53.28 10,770,765 3.19
ANTHEM INC US 26,394 282.21 7,448,651 2.21
ARAMARK US 245,451 36.06 8,850,963 2.62
BP PLC GB 220,376 41.70 9,189,679 2.73
BROADCOM INC US 15,098 287.86 4,346,110 1.29
CHEVRON CORP US 42,239 124.44 5,256,221 1.56
CHUBB LTD CH 23,562 147.29 3,470,447 1.03
CIGNA CORP US 13,674 157.55 2,154,339 0.64
COMCAST CORP US 304,026 42.28 12,854,219 3.81
CORTEVA INC US 86,187 29.57 2,548,550 0.76
CVS HEALTH CORP US 130,184 54.49 7,093,726 2.10
DOLLAR GENERAL CORP US 92,298 135.16 12,474,998 3.70
DOMINION ENERGY INC US 123,161 77.32 9,522,809 2.82
DOW INC US 50,415 49.31 2,485,964 0.74
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 7,131,031 1.00 7,131,031 2.11
DUPONT DE NEMOURS INC US 86,187 75.07 6,470,058 1.92
EOG RESOURCES INC US 76,246 93.16 7,103,077 2.11
EXELON CORP US 105,941 47.94 5,078,812 1.51
GENERAL DYNAMICS CORP US 16,123 181.82 2,931,484 0.87
GENERAL ELECTRIC CO US 726,435 10.50 7,627,568 2.26
HESS CORP US 102,351 63.57 6,506,453 1.93
JACOBS ENGINEERING GROUP INC US 50,549 84.39 4,265,830 1.27
JOHNSON CONTROLS INTERNATIONAL IE 243,380 41.31 10,054,028 2.98
JPMORGAN CHASE & CO US 92,186 111.80 10,306,395 3.06
LOWE'S COS INC US 112,700 100.91 11,372,557 3.37
MEDTRONIC PLC IE 114,288 97.39 11,130,508 3.30
MICROSOFT CORP US 82,495 133.96 11,051,030 3.28
NEW YORK COMMUNITY BANCORP INC US 261,375 9.98 2,608,523 0.77
NORTHERN TRUST CORP US 64,316 90.00 5,788,440 1.72
ORACLE CORP US 192,927 56.97 10,991,051 3.26
PHILIP MORRIS INTERNATIONAL IN US 81,715 78.53 6,417,079 1.90
PHILLIPS 66 US 112,472 93.54 10,520,631 3.12
QUALCOMM INC US 135,383 76.07 10,298,585 3.05
SANOFI FR 150,785 43.27 6,524,467 1.93
SCHLUMBERGER LTD CW 89,247 39.74 3,546,676 1.05
STATE STREET CORP US 98,140 56.06 5,501,728 1.63
TEXAS INSTRUMENTS INC US 56,149 114.76 6,443,659 1.91
UNITED TECHNOLOGIES CORP US 64,291 130.20 8,370,688 2.48
UNITEDHEALTH GROUP INC US 17,411 244.01 4,248,458 1.26
US BANCORP US 133,223 52.40 6,980,885 2.07
VALERO ENERGY CORP US 42,103 85.61 3,604,438 1.07
WABTEC CORP US 73,872 71.76 5,301,055 1.57
WELLS FARGO & CO US 212,464 47.32 10,053,796 2.98
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
r lewis 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

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 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 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

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.

©2019 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. 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

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