- Business
- Touchstone Large Company Growth Fund (TSAGX) 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 issuers, including common stocks, preferred stocks, convertible securities, rights, and warrants; it may allocate up to 20% to foreign issuers via American Depositary Receipts or similar vehicles. The fund offers multiple share classes, including Class A (TSAGX) with a 5.00% front-end load and 1.05% net expense ratio, Class C (TCGLX), Class Y (TLGYX), and Institutional Class (DSMLX), with total net assets of approximately $172 million across classes. It emphasizes growth-oriented large-cap U.S. stocks, with top holdings such as NVIDIA Corp. (16.11%), Microsoft Corp. (11.94%), Amazon.com Inc. (7.44%), Alphabet Inc. (5.99%), and Meta Platforms Inc. (5.98%), and sector allocations led by technology (52.39%) and communication services (18.58%).
The fund operates within the large growth category, targeting institutional and retail investors including financial advisors, broker-dealers, and registered investment advisors, with geographic focus predominantly in the United States (99.30% of assets). Touchstone Investments, the fund's adviser, is a wholly owned subsidiary of Western & Southern Financial Group, located at 303 Broadway, Suite 1100, Cincinnati, Ohio 45202; DSM Capital Partners LLC serves as sub-adviser, with portfolio managers Daniel Strickberger (since inception), David McVey (since October 2020), and Eric Woodworth (since October 2021).
Launched on August 15, 2016, as part of Touchstone Strategic Trust, the fund continues a strategy previously managed since 2009 by its sub-adviser on a predecessor vehicle. In a significant recent development, Touchstone Investments completed the acquisition of select AIG Life & Retirement mutual fund assets in July 2021, reorganizing 12 AIG funds into existing or new Touchstone funds to expand its product suite. The fund has maintained stable management and strategy through 2025, issuing its Q3 2025 commentary highlighting sustained focus on large-cap growth equities amid market volatility, with no reported major reorganizations, new product launches, or funding events in the past 1-2 years.