Touchstone Large Cap Fund Sub-Advised by: The London Company

Portfolio Characteristics as of 12/31/2014
Market Capitalization $110.6 Billion
Price Earnings Ratio118.4
Number of Holdings ^34
Active Share84

1 Price Earnings Ratio is calculated using the weighted harmonic average which reduces the impact of extreme observations on the aggregate calculation by weighting them based on their size in the portfolio.

^ Number of holdings may include cash equivalents.

Sector Allocation as of 12/31/2014(% of Portfolio)
Information Technology19.8
Financials19.1
Consumer Discretionary16.2
Consumer Staples11.8
Healthcare9.5
Materials8.9
Industrials6.5
Energy6.5
Telecommunication Services1.8
Full Holdings as of 12/31/2014
TickerSecurity DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ALBALBEMARLE CORPUS37,08060.132,229,6202.70
YALLEGHANY CORPUS5,325463.502,468,1382.99
MOALTRIA GROUP INCUS52,32049.272,577,8063.12
APAAPACHE CORPUS17,11062.671,072,2841.30
BACBANK OF AMERICA CORPUS134,85017.892,412,4672.92
BBBYBED BATH & BEYOND INCUS34,83076.172,653,0013.21
BRK/BBERKSHIRE HATHAWAY INC-CL BUS27,510150.154,130,6275.01
BLKBLACKROCK INCUS8,580357.563,067,8653.72
BMYBRISTOL-MYERS SQUIBB COUS55,12059.033,253,7343.94
BF/BBROWN-FORMAN CORP-CLASS BUS10,05087.84882,7921.07
KMXCARMAX INCUS61,60066.584,101,3284.97
CCLCARNIVAL CORPUS74,47045.333,375,7254.09
CVXCHEVRON CORPUS19,980112.182,241,3562.72
CSCOCISCO SYSTEMS INCUS72,87027.822,026,8792.46
KOCOCA-COLA CO/THEUS42,00042.221,773,2402.15
COPCONOCOPHILLIPSUS28,51069.061,968,9012.39
GLWCORNING INCUS119,23022.932,733,9443.31
LLYELI LILLY & COUS42,00068.992,897,5803.51
EMCEMC CORP/MAUS85,04029.742,529,0903.06
ENRENERGIZER HOLDINGS INCUS20,420128.562,625,1953.18
FDXFEDEX CORPUS9,540173.661,656,7162.01
GDGENERAL DYNAMICS CORPUS26,370137.623,629,0394.40
INTCINTEL CORPUS64,36036.292,335,6242.83
IBMINTL BUSINESS MACHINES CORPUS9,150160.441,468,0261.78
LOWLOWE'S COS INCUS45,01068.803,096,6883.75
MSFTMICROSOFT CORPUS31,37046.451,457,1371.77
MOSMOSAIC CO/THEUS43,16045.651,970,2542.39
NEUNEWMARKET CORPUS7,554403.533,048,2663.69
PFEPFIZER INCUS50,09031.151,560,3041.89
TINXXTOUCHSTONE-I MMUS1,076,4241.001,076,4241.30
VZVERIZON COMMUNICATIONS INCUS32,08046.781,500,7021.82
VVISA INC-CLASS A SHARESUS13,500262.203,539,7004.29
WMTWAL-MART STORES INCUS19,99085.881,716,7412.08
WFCWELLS FARGO & COUS62,82054.823,443,7924.17
Top 10 Holdings as of 2/28/2015
Security Description
% of
Portfolio
1. CARMAX INC5.0
2. BERKSHIRE HATHAWAY INC-CL B4.9
3. VISA INC-CLASS A SHARES4.5
4. GENERAL DYNAMICS CORP4.4
5. NEWMARKET CORP4.3
6. WELLS FARGO & CO4.1
7. BRISTOL-MYERS SQUIBB CO4.0
8. LOWE'S COS INC4.0
9. CARNIVAL CORP4.0
10. BLACKROCK INC3.9

Data may not total due to rounding.

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.

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.

The data illustrated for Touchstone Domestic Equity Funds – Morningstar is the source. For Russell index information – the Frank Russell Company is the source and owner. For MSCI index information- the MSCI is the source and owner. The data illustrated for Touchstone Fixed Income Funds, Diversified Income Funds, Alternative Investment Funds, International Equity Funds, Asset Allocation Funds and Money Market Funds – the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.