Touchstone Large Company Growth Fund Class Institutional (DSMLX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of large capitalization U.S. companies projected to grow faster than other large-cap stocks; the fund primarily targets growth-oriented stocks in sectors such as technology (approximately 56%), communication services (12%), and consumer cyclical (11%), with top holdings typically comprising over 50% of the portfolio and a focus on 25-30 long positions; it offers institutional share class with a net expense ratio of 0.72%, no front-end or deferred loads, a minimum initial investment of $500,000, and daily pricing.
Independent Advisors LLC, doing business as DSM Capital Partners LLC, serves as the sub-adviser, with a team led by Daniel Strickberger (since inception), David McVey (since October 2020), and Eric Woodworth (since October 2021); the fund is part of the Touchstone Funds group, distributed by Touchstone Securities, Inc., and managed under Western & Southern Financial Group; as of late 2025, total net assets stand at approximately $159-175 million USD, domiciled in the United States and available for sale to U.S. investors.
The fund was launched on August 28, 2009, with institutional shares (DSMLX), and is headquartered in Cincinnati, Ohio, through its Touchstone Investments sponsor.
In a significant strategic shift announced in August 2025, Touchstone Investments filed to convert the Touchstone Large Company Growth Fund (DSMLX), with approximately $170 million in assets and managed by DSM Capital Partners for over a decade, into an active ETF expected to launch in the first quarter of 2026; this conversion aligns with Touchstone's broader expansion into ETFs, including three new active ETF launches in 2025 and plans for ETF share classes pending SEC exemptive relief by late 2025 or 2026.