# EDGAR Filing Document

**Accession Number:** 0001919700
**File Stem:** 0001193125-26-194918
**Filing Date:** 2026-4
**Character Count:** 22977
**Document Hash:** 3b78ae79c85cfc6f84d9081305b8f305
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-194918.hdr.sgml**: 20260430

**ACCESSION NUMBER**: 0001193125-26-194918

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260430

**DATE AS OF CHANGE**: 20260430

**EFFECTIVENESS DATE**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Touchstone ETF Trust
- **CENTRAL INDEX KEY:** 0001919700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-264194
- **FILM NUMBER:** 26920932

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202
- **BUSINESS PHONE:** 513-362-8224

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202

## Series and Classes Contracts Data

### Touchstone US Large Cap Focused ETF (Series ID: S000076659)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000236660 | Touchstone US Large Cap Focused ETF | LCF             |

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

![](g360985touchstone_smblk.gif)

Summary Prospectus

Touchstone US Large Cap Focused ETF April 30, 2026

**Ticker Symbol: LCF**

**Principal U.S. Listing Exchange: Cboe BZX Exchange, Inc.**

Before you invest, you may want to review the Fund's prospectus, which contains information about the Fund and its risks. The Fund's prospectus and Statement of Additional Information, both dated April 30, 2026, as amended from time to time, are incorporated by reference into this summary prospectus. For free paper or electronic copies of the Fund's prospectus and other information about the Fund, go to TouchstoneInvestments.com/Resources, call (833) 368-7383, or ask a financial intermediary through which shares of the Fund are sold.

**Touchstone US Large Cap Focused ETF Summary**

**<u>The Fund's Investment Goal</u>**

The Touchstone US Large Cap Focused ETF (the "Fund") seeks to provide investors with capital appreciation.

**<u>The Fund's Fees and Expenses</u>**

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. **You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.** 

---

| | |
|:---|:---|
|  | **Touchstone** <br> **US Large** <br> **Cap** <br> **Focused** <br> **ETF**<br>|
| **Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)** |  |
| Management Fees | 0.70% |
| Distribution and/or Shareholder Service (12b-1) Fees<sup>(1)</sup> <br>| 0.00% |
| Other Expenses | 0.47% |
| Acquired Fund Fees and Expenses (AFFE) | 0.01% |
| Total Annual Fund Operating Expenses<sup>(2)</sup> <br>| 1.18% |
| Fee Waiver and/or Expense Reimbursement<sup>(3)</sup> <br>| (0.62)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement<sup>(2)</sup><sup>(3)</sup> <br>| 0.56% |

---

<sup>(1)</sup>

*The Fund has adopted a Distribution (12b-1) Plan pursuant to which the Fund may incur and pay a Distribution (12b-1) Fee of up to a maximum of 0.25%. No such fee is currently incurred and paid by the Fund. The Fund will not incur and pay such a Distribution (12b-1) Fee until such time as approved by the Fund's Board of Trustees (the "Board").*

<sup>(2)</sup>

*Total Annual Fund Operating Expenses include Acquired Fund Fees and Expenses and will differ from the ratios of expenses to average net assets that are included in the Fund's Form N-CSR filing for the fiscal year ended December 31, 2025.*

<sup>(3)</sup>

*Touchstone Advisors, Inc. (the "Adviser" or "Touchstone Advisors") and Touchstone ETF Trust (the "Trust") have entered into a contractual expense limitation agreement whereby Touchstone Advisors will waive a portion of its fees or reimburse certain Fund expenses (excluding dividend and interest expenses relating to short sales; interest; taxes; brokerage commissions and other transaction costs; portfolio transaction and investment related expenses, including expenses associated with the Fund's interfund lending program, if any; other expenditures which are capitalized in accordance with U.S. generally accepted accounting principles; the cost of "Acquired Fund Fees and Expenses", if any; and other extraordinary expenses not incurred in the ordinary course of business) in order to limit annual Fund operating expenses to 0.55% of average daily net assets. This contractual expense limitation is effective through* 

------

Touchstone US Large Cap Focused ETF April 30, 2026

*April 29, 2027, but can be terminated by a vote of the Board if it deems the termination to be beneficial to the Fund's shareholders. The terms of the contractual expense limitation agreement provide that Touchstone Advisors is entitled to recoup, subject to approval by the Board, such amounts waived or reimbursed for a period of up to three years from the date on which the Adviser reduced its compensation or assumed expenses for the Fund. The Fund will make repayments to the Adviser only if such repayment does not cause the annual Fund operating expenses (after the repayment is taken into account) to exceed either (1) the expense cap in place when such amounts were waived or reimbursed or (2) the Fund's current expense limitation.*

**Example.** This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other exchange-traded funds ("ETFs"). The example assumes that you invest $10,000 in the Fund for the time periods indicated and then, except as indicated, redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, that the Fund's operating expenses remain the same and that all fee waivers or expense limits for the Fund will expire after one year. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

---

| | |
|:---|:---|
| 1 Year | &nbsp;&nbsp; $57 |
| 3 Years | &nbsp;&nbsp; $313 |
| 5 Years | &nbsp;&nbsp; $589 |
| 10 Years | &nbsp;&nbsp; $1377 |

---

**Portfolio Turnover.** The Fund pays transaction costs, such as brokerage commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in total annual Fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 8% of the average value of the Fund's portfolio.

**<u>The Fund's Principal Investment Strategies</u>**

The Fund invests, under normal market conditions, at least 80% of its assets in U.S.-listed large capitalization equity securities. For the purpose of the Fund's 80% policy, a large capitalization company has a market capitalization, at the time of purchase, above $5 billion. The Fund's 80% policy is a non-fundamental investment policy that can be changed by the Fund's Board upon 60 days' prior written notice to shareholders. Equity securities generally include common stock. These securities may be listed on an exchange or traded over-the-counter.

In selecting securities for the Fund, the Fund's sub-adviser, Fort Washington Investment Advisors, Inc. ("Fort Washington"), seeks to invest in companies that:

<sup>●</sup>

Are trading below its estimate of the companies' intrinsic value; and

<sup>●</sup>

Have sustainable competitive advantages in place. Fort Washington evaluates a company's competitive advantage by assessing its barrier(s) to entry. A company's barrier(s) to entry can be created through a cost advantage, economies of scale, high customer loyalty, or a government barrier (e.g., license or subsidy). Fort Washington believes that the strongest barrier to entry is the combination of economies of scale and higher customer loyalty.

The Fund is non-diversified and, therefore may, from time to time, have significant exposure to a limited number of issuers. The Fund will generally hold 25 to 45 companies, with residual cash and cash equivalents expected to represent less than 10% of the Fund's net assets. The Fund may, at times, hold fewer securities and a higher

------

Touchstone US Large Cap Focused ETF April 30, 2026

percentage of cash and cash equivalents when, among other reasons, Fort Washington cannot find a sufficient number of securities that meet its purchase requirements. Although the Fund may invest in any economic sector, at times it may emphasize one or more particular sectors.

The Fund will generally sell a security if it reaches Fort Washington's estimate of fair value, if a more attractive investment opportunity is available, or if a structural change has taken place and Fort Washington cannot reliably estimate the impact of the change on the business fundamentals.

**<u>The Fund's Principal Risks</u>**

The Fund's share price will fluctuate. You could lose money on your investment in the Fund and the Fund could also return less than other investments. Investments in the Fund are not bank guaranteed, are not deposits, and are not insured by the Federal Deposit Insurance Corporation or any other federal government agency. As with any ETF, there is no guarantee that the Fund will achieve its investment goal. You can find more information about the Fund's investments and risks under the "Principal Investment Strategies and Risks" section of the Fund's prospectus. The Fund is subject to the principal risks summarized below.

**Equity Securities Risk:** The Fund is subject to the risk that stock prices will fall over short or extended periods of time. Individual companies may report poor results or be negatively affected by industry and/or economic trends and developments, or as a result of irregular and/or unexpected trading activity among retail investors. The prices of securities issued by these companies may decline in response to such developments, which could result in a decline in the value of the Fund's shares.

<sup>●</sup>

**Large-Cap Risk:** Large-cap companies may be unable to respond quickly to new competitive challenges, such as changes in technology and consumer tastes, and also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.

<sup>●</sup>

**Mid-Cap Risk:** Stocks of mid-sized companies may be subject to more abrupt or erratic market movements than stocks of larger, more established companies. Mid-sized companies may have limited product lines or financial resources, and may be dependent upon a particular niche of the market.

**ETF Risk:** As an ETF, the Fund is subject to the following risks:

<sup>●</sup>

**Authorized Participants Concentration Risk:** The Fund has a limited number of financial institutions that may act as Authorized Participants ("APs"), which are responsible for the creation and redemption activity for the Fund. To the extent APs exit the business, become unable or are otherwise unwilling to engage in creation and redemption transactions with the Fund and no other AP steps in to create or redeem, Fund shares may trade at a material discount to net asset value ("NAV") and possibly face delisting from the Exchange.

<sup>●</sup>

**Premium/Discount Risk:** As with all ETFs, Fund shares may only be bought and sold in the secondary market at market prices. There may be times when the trading prices of Fund shares in the secondary market are more than the NAV (a premium) or less than the NAV (a discount). As a result, shareholders of the Fund may pay more than NAV when purchasing shares and receive less than NAV when selling Fund shares. This risk is heightened in times of market volatility or periods of steep market declines. In such market conditions, market or stop loss orders to sell Fund shares may be executed at prices well below a Fund's NAV.

<sup>●</sup>

**Secondary Market Trading Risk:** Investors buying or selling shares in the secondary market will normally pay brokerage commissions, which are often a fixed amount and may be a significant proportional cost for investors buying or selling relatively small amounts of Fund shares. Secondary market trading is subject to bid-ask spreads and trading in Fund shares may be halted by the Exchange because of market conditions or other reasons. If a trading halt occurs, a shareholder may temporarily be unable to purchase or sell shares of the Fund. In addition, although the Fund's shares are listed on the Exchange, there can be no assurance that

------

Touchstone US Large Cap Focused ETF April 30, 2026

an active trading market for shares will develop or be maintained or that the Fund's shares will continue to be listed. A portion of the securities owned by the Fund may trade in a market that is closed while the Exchange on which the Fund's shares are listed is open. As a result, there may be changes between the last quote for a security from a closed foreign market and the value of such security during the Fund's domestic trading day, which could lead to differences between the market price of the ETF shares and the underlying value of those shares.

**Non-Diversification Risk:** The Fund is non-diversified, which means that it may invest a greater percentage of its assets than a diversified fund in the securities of a limited number of issuers. The use of a non-diversified investment strategy may increase the volatility of the Fund's investment performance, as the Fund may be more susceptible to risks associated with a single economic, political or regulatory event.

**Management Risk:** In managing the Fund's portfolio, the Adviser engages one or more sub-advisers to make investment decisions for a portion of or the entire portfolio. There is a risk that the Adviser may be unable to identify and retain sub-advisers who achieve superior investment returns relative to other similar sub-advisers.

**Economic and Market Events Risk:** Events in the U.S. and global financial markets, including actions taken by the U.S. Federal Reserve or foreign central banks to stimulate or stabilize economic growth, may at times, and for varying periods of time, result in unusually high market volatility, which could negatively impact the Fund's performance and cause the Fund to experience illiquidity, shareholder redemptions, or other potentially adverse effects. Reduced liquidity in credit and fixed-income markets could negatively affect issuers worldwide. Financial institutions could suffer losses as interest rates rise or economic conditions deteriorate. In addition, the Fund's service providers are susceptible to operational and information or cybersecurity risks that could result in losses to a Fund and its shareholders.

**Sector and Industry Focus Risk:** The Fund may invest a high percentage of its assets in specific sectors and/or industries of the market in order to achieve a potentially greater investment return. As a result, the Fund may be more susceptible to economic, political, and regulatory developments in a particular sector or industry of the market, positive or negative, than a fund that does not invest a high percentage of its assets in specific sectors or industries.

**Cash and Cash Equivalents Risk:** Under certain market conditions, such as during a rising stock market, rising interest rates or rising credit spread markets, the use of cash and/or cash equivalents, including money market instruments, could have a negative effect on the Fund's ability to achieve its investment objective and may negatively impact the Fund's performance.

**Cybersecurity Risk:** Cybersecurity breaches are either intentional or unintentional events that allow an unauthorized party to gain access to Fund assets, customer data, or proprietary information, or cause a Fund or Fund service provider to suffer data corruption or lose operational functionality. A cybersecurity breach could result in the loss or theft of customer data or funds, loss or theft of proprietary information or corporate data, physical damage to a computer or network system, or costs associated with system repairs, any of which could have a substantial impact on the Fund. Such incidents could affect issuers in which a Fund invests, thereby causing the Fund's investments to lose value. The Fund has established risk management systems reasonably designed to seek to reduce the risks associated with cyber-events. However, there is no guarantee that the Fund will be able to prevent or mitigate the impact of any or all cyber-events.

**<u>The Fund's Performance</u>**

The bar chart and performance table below illustrate some indication of the risks and volatility of an investment in the Fund by showing changes in the Fund's performance from calendar year to calendar year and by showing how the Fund's average annual total returns for one year and since inception compare with the Bloomberg US 3000 Index and the Russell 3000<sup>®</sup> Index. The Bloomberg US 1000 Index and the Russell 1000<sup>®</sup> Index show how the Fund's performance compares against the returns of indexes with similar investment objectives. The bar chart

------

Touchstone US Large Cap Focused ETF April 30, 2026

does not reflect any sales charges, which would reduce your return. The performance table reflects any applicable sales charges. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. More recent performance information is available at no cost by visiting TouchstoneInvestments.com or by calling 1.833.368.7383.

**Touchstone US Large Cap Focused ETF — Shares Total Return as of December 31**

![](g360985etftlcf.jpg)

---

| | | |
|:---|:---|:---|
| Best Quarter: | 4th Quarter 2023 | 10.35<br> %<br>|
| Worst Quarter: | 3rd Quarter 2023 | &nbsp;&nbsp; (3.67)%<br>|
| Year-To-Date: | 3/31/2026 | &nbsp;&nbsp; (7.10)%<br>|

---

After-tax returns are calculated using the highest individual marginal federal income tax rates in effect on a given distribution reinvestment date and do not reflect the impact of state and local taxes. Your actual after-tax returns may differ from those shown and depend on your tax situation. The after-tax returns do not apply to shares held in an individual retirement account ("IRA"), 401(k), or other tax-advantaged account. The Return After Taxes on Distributions and Sale of Fund Shares may be greater than other returns for the same period due to a tax benefit of realizing a capital loss on the sale of Fund shares.

------

Touchstone US Large Cap Focused ETF April 30, 2026

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns**<br> **For the periods ended December 31, 2025**<br>|  | **Since**<br> **Inception**<br>|
|  | **1 Year** | **7/27/2022** |
| **Touchstone US Large Cap Focused ETF** |  |  |
| Return Before Taxes | 17.00<br> %<br>| 17.23<br> %<br>|
| Return After Taxes on Distributions | 16.85<br> %<br>| 17.06<br> %<br>|
| Return After Taxes on Distributions and Sale of Fund Shares | 10.17<br> %<br>| 13.66<br> %<br>|
| **Bloomberg US 3000 Index**<sup>(1)</sup> (reflects no deduction for fees, expenses or taxes) | 17.21<br> %<br>| 17.77<br> %<br>|
| **Bloomberg US 1000 Index**<sup>(2)</sup> (reflects no deduction for fees, expenses or taxes) | 17.51<br> %<br>| 18.18<br> %<br>|
| **Russell 3000**<sup>®</sup> **Index** (reflects no deduction for fees, expenses or taxes) | 17.15<br> %<br>| 17.82<br> %<br>|
| **Russell 1000**<sup>®</sup> **Index** (reflects no deduction for fees, expenses or taxes) | 17.37<br> %<br>| 18.24<br> %<br>|

---

<sup>(1)</sup>

*The Fund changed its broad-based securities market index to the Bloomberg US 3000 Index which is similarly representative of the overall securities market applicable to the Fund.*

<sup>(2)</sup>

*The Fund changed its additional index to the Bloomberg US 1000 Index which has similar investment objectives to the Fund.*

**<u>The Fund's Management</u>**

**Investment Adviser**

Touchstone Advisors, Inc. serves as the Fund's investment adviser.

---

| | | | |
|:---|:---|:---|:---|
| **Sub-Adviser** | **Portfolio Manager** | &nbsp;&nbsp; **Investment Experience** <br> **with the Fund**<br>| &nbsp;&nbsp; **Primary Title with** <br> **Sub-Adviser**<br>|
| Fort Washington <br> Investment Advisors, <br> Inc. | James E. Wilhelm, Jr. | &nbsp;&nbsp; Since inception in July <br> 2022<br>| &nbsp;&nbsp; Managing Director & <br> Senior Portfolio <br> Manager<br>|
| Fort Washington <br> Investment Advisors, <br> Inc. | Sunit Gogia | Since October 2024 | &nbsp;&nbsp; Vice President, <br> Portfolio Manager<br> and Director<br> of Equity Research<br>|

---

**<u>Buying and Selling Fund Shares</u>**

The Fund is an ETF. Individual Fund shares may only be purchased and sold on a national securities exchange through a broker-dealer and may not be purchased or redeemed directly with the Fund. The price of Fund shares is based on market price, and because ETF shares trade at market prices rather than NAV, shares may trade at a premium or a discount. An investor may incur costs attributable to the difference between the highest price a buyer is willing to pay to purchase shares of the Fund ("bid") and the lowest price a seller is willing to accept for shares ("ask") when buying or selling shares in the secondary market (the "bid-ask spread"). Recent information, including information about the Fund's NAV, market price, premiums and discounts, and bid-ask spreads, is included on the Fund's website at TouchstoneInvestments.com/ETFs.

**<u>Tax Information</u>**

The Fund intends to make distributions that may be taxed as ordinary income or capital gains except when shares are held through a tax-advantaged account, such as a 401(k) plan or an IRA. Withdrawals from a tax-advantaged account, however, may be taxable.

------

Touchstone US Large Cap Focused ETF April 30, 2026

**<u>Financial Intermediary Compensation</u>**

If you purchase shares in the Fund through a broker-dealer or other financial intermediary (such as a bank), the Adviser and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other financial intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.

ETF-TUE0020-SUMPRO-2604

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

(This Page Intentionally Left Blank)

------