Fund Evaluator:

Touchstone Large Cap Focused Y Overview

Touchstone Large Cap Focused Y (SICWX) is an actively managed U.S. Equity Large Blend fund. Touchstone launched the fund in 2007.

The investment seeks to provide investors with capital appreciation. The fund invests, under normal market conditions, at least 80% of its assets in large capitalization equity securities. It invests primarily in issuers having a market capitalization, at the time of purchase, above $5 billion. The fund will generally hold 25 to 45 companies, with residual cash and equivalents expected to represent less than 10% of the fund's net assets. It may invest up to 35% of its assets in securities of foreign issuers through the use of ordinary shares or depositary receipts such as American Depositary Receipts ("ADRs"). The fund is non-diversified.

About Touchstone Large Cap Focused Y (SICWX)

There are 2 members of the management team with an average tenure of 5.26 years: James Wilhelm (2017), Sunit Gogia (2024). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 TR USD index with a weighting of 100%. Touchstone Large Cap Focused Y has 47 securities in its portfolio. The top 10 holdings constitute 57.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Touchstone Large Cap Focused Y is part of the Equity global asset class and is within the U.S. Equity fund group. Touchstone Large Cap Focused Y has 4.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.7%. There is 4.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Touchstone Large Cap Focused Y has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $938 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SICWX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Touchstone Large Cap Focused Y expense ratio is above average compared to funds in the Large Blend category. Touchstone Large Cap Focused Y has an expense ratio of 0.73%, which is 10% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Touchstone Large Cap Focused Y has a portfolio turnover rate of 7%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of July 2026, Touchstone Large Cap Focused Y returned 4.0%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Touchstone Large Cap Focused Y has a trailing yield of 0.40%, which is below the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Touchstone Large Cap Focused Y Grades

Year to date, the fund has returned 6.8%, 2.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.0% over the past year (grade of D), 16.1% over the past three years (grade of D) and 10.6% per year over the past five years (grade of D) and 14.9% per year over the past 10 years (grade of A).

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