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Touchstone Anti-Benchmark® International Core Equity Fund

Touchstone Anti-Benchmark® International Core Equity Fund

Overview

Overview

Actively Managed and Sub-Advised by TOBAM S.A.S.

Objective

The fund seeks capital appreciation by primarily investing in non-U.S. equity securities.

Investment Style

  • Pursues its objective by seeking to track the net total return, before fees and expenses, of the TOBAM Anti-Benchmark® International Core Equity Index1 (the “Index”).
  • The Index is a proprietary rules-based index created by the Fund’s sub–advisor, TOBAM S.A.S. (“TOBAM”) which is designed to create a more diversified portfolio of equity securities of non-U.S. issuers relative to traditional market capitalization weighted benchmarks.
    • The Index is based on TOBAM’s proprietary quantitative model, which selects and weights companies to maximize diversification. TOBAM quantitatively selects securities, subject to certain constraints, that maximize the portfolio’s Diversification Ratio®, a patented, proprietary mathematical metric based on the volatility of the Index constituents and their correlation to the other Index constituents. Constraints include a minimum and maximum weight for any given stock. TOBAM’s Anti-Benchmark® strategy seeks to avoid the concentration risk that exists in traditional market capitalization-weighted indices through its quantitative approach to diversification. The Index will typically hold approximately 100 to 150 securities. The Index typically is reconstituted (i.e. Index constituents are added or deleted and weights are reset) monthly. The Fund will be rebalanced following the same schedule as the Index.
  • The Fund intends to fully replicate the Index to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as the Index.
  • The equity securities that comprise the Index primarily include common and preferred stock of non-U.S. companies that trade on foreign exchanges. TOBAM may replace the common or preferred stock of a foreign issuer with a depositary receipt when it deems the depositary receipt to be more liquid than the corresponding stock. The Index is comprised of securities of issuers located in developed markets.
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. The Fund invests in foreign securities which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. Foreign receipts, which include American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts, are securities that evidence ownership interests in a security or a pool of securities issued by a foreign issuer. The risks of depositary receipts include many risks associated with investing directly in foreign securities. As the Fund is intended to track the Index, portfolio managers do not attempt to take defensive positions under any market conditions, including during declining markets. TOBAM uses proprietary statistical analyses and models to construct the Index, which the Fund seeks to track. A securities portfolio selected using TOBAM’s proprietary models can perform differently than the market as a whole as a result of the correlation factors used in the analysis to construct the models, the weight placed on each factor, and changes in the factors’ historical trends. As a result, the Fund may be more or less exposed to a risk factor than its individual holdings. The performance of the Fund and its Index may differ from each other for a variety of reasons. The Advisor engages a sub-advisor to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-advisor who achieves superior investment returns relative to other similar sub-advisors.

Fund Facts

  Y Shares INST Shares
Symbol TYBAX  TIABX
CUSIP  89155T573  89155T565
Share Class Inception Date 11/19/2018 11/19/2018
Total Share Class Net Assets as of 12/31/2018 $2,378 $23,781,802
Total Fund Net Assets as of 12/31/2018 $23,784,180 $23,784,180 
Asset Class  International / Global Equity International / Global Equity
Morningstar Category  Foreign Large Blend Foreign Large Blend
Benchmark  MSCI EAFE® Index2 MSCI EAFE® Index2
Distribution Frequency  Annually  Annually
Fiscal Year End  September 30 September 30
Prospectus Date  1/30/2019  1/30/2019

 

2The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure developed market equity performance excluding the U.S. and Canada. The Index is unmanaged and returns do not reflect any fees, expenses or sales charges.

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Anti-Benchmark® International Core Equity Fund -
HISTORICAL DAILY NAV
as of 03/31/2019 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Anti-Benchmark® International Core Equity Fund -
Including Sales Charge
Touchstone Anti-Benchmark® International Core Equity Fund -
Excluding Sales Charge
MSCI EAFE® Index 0.63% 9.98% 9.98% -3.71% 7.27% 2.33% 8.96% --
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class Y Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.

Consider Touchstone Anti-Benchmark® International Core Equity Fund for Your Portfolio

Touchstone Anti-Benchmark® International Core Equity Fund utilizes a quantitative approach to diversification of its portfolio holdings. It seeks to provide capital appreciation.
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Portfolio

as of 03/31/2019
Number of Holdings
130
Active Share
93%

Active Share

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.

Active
Closet Index
Passive
 100%-80%  80%-60%  60%-40% 40%-20%   20%-0%
Generally, a Fund with an active share of more than 60% is considered actively managed. Active Share is not a performance measurement. A high degree of Active Share does not assure outperformance of a fund relative to its benchmark index. 
 
Weighted Average Market Capitalization
$14.5 B
Median Market Capitalization
$8.1 B
Price To Earnings Ratio
(Weighted Harmonic Average)
21.0x
Price to Book Ratio
(Weighted Harmonic Average)
1.9x
as of 03/31/2019
Composition % of Portfolio
Equities Non-U.S. Developed Markets 98.8
Cash Equivalents 1.2
Equities U.S. 0.0
Equities Emerging Markets 0.0
Data may not total due to rounding.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Country % of Portfolio
Japan 25.4
Hong Kong 10.7
United Kingdom 10.2
Australia 7.8
Denmark 6.8
Germany 5.4
France 4.7
Netherlands 3.3
Israel 3.0
Belgium 3.0
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Sector % of Portfolio
Consumer Staples 22.6
Consumer Discretionary 19.1
Industrials 12.4
Communication Services 10.9
Health Care 9.7
Information Technology 5.7
Materials 4.7
Financials 4.5
Utilities 4.1
Real Estate 2.6
Energy 2.5
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. 
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Security Description % of Portfolio
Nice Ltd. 1.9
Koninklijke Ahold N.V. 1.8
Novo Nordisk A/S 1.8
Kerry Group PLC 1.8
Colruyt SA 1.8
UCB SA 1.8
Adidas AG 1.6
Mowi ASA 1.6
NEXT PLC 1.5
Neste Oyj 1.5
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. 
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
A2 MILK CO LTD NZ 12,645 9.78 123,727 0.30
ABC-MART INC JP 6,300 59.46 374,601 0.91
ADIDAS AG DE 1,985 243.22 482,797 1.17
AEGON NV NL 13,569 4.80 65,178 0.16
AIB GROUP PLC IE 86,893 4.50 391,023 0.95
AIN HOLDINGS INC JP 4,800 75.20 360,977 0.88
AIR FRANCE-KLM FR 26,891 11.25 302,405 0.73
ALSTOM FR 1,315 43.36 57,021 0.14
AMARIN CORP PLC -ADR IE 2,200 20.76 45,672 0.11
AMBU A/S-B DK 10,257 26.53 272,137 0.66
APA GROUP AU 38,953 7.10 276,513 0.67
ASICS CORP JP 4,900 13.46 65,937 0.16
ASM PACIFIC TECHNOLOGY HK 18,300 11.17 204,483 0.50
ATLANTIA SPA IT 9,938 25.93 257,732 0.63
BANDAI NAMCO HOLDINGS INC JP 7,200 46.95 338,047 0.82
BANK LEUMI LE-ISRAEL IL 41,580 6.55 272,413 0.66
CARREFOUR SA FR 8,061 18.68 150,557 0.37
CENTRICA PLC GB 269,245 1.49 401,069 0.97
CHOCOLADEFABRIKEN LINDT-PC CH 35 6,799.39 237,979 0.58
CHOCOLADEFABRIKEN LINDT-REG CH 1 78,232.49 78,232 0.19
CINEWORLD GROUP PLC GB 98,154 3.81 374,312 0.91
COBHAM PLC GB 315,235 1.44 453,399 1.10
COCA-COLA BOTTLERS JAPAN HOL JP 1,300 25.44 33,068 0.08
COLOPLAST-B DK 664 109.77 72,888 0.18
COLRUYT SA BE 7,340 73.92 542,600 1.32
COMPASS GROUP PLC GB 7,996 23.50 187,929 0.46
COSMOS PHARMACEUTICAL CORP JP 600 173.15 103,888 0.25
DAIRY FARM INTL HLDGS LTD HK 31,600 8.39 265,277 0.64
DAITO TRUST CONSTRUCT CO LTD JP 600 139.52 83,711 0.20
DOMINO'S PIZZA ENTERPRISES L AU 8,720 30.84 268,889 0.65
DREYFUS-GOV C-IN US 10,787,119 1.00 10,787,119 26.20
EASYJET PLC GB 19,420 14.57 282,924 0.69
ELEKTA AB-B SHS SE 4,477 12.46 55,765 0.14
ELISA OYJ FI 1,491 45.12 67,269 0.16
ENDESA SA ES 2,622 25.52 66,915 0.16
ERICSSON LM-B SHS SE 43,078 9.21 396,830 0.96
ERSTE GROUP BANK AG AT 2,016 36.75 74,085 0.18
EUTELSAT COMMUNICATIONS FR 20,221 17.49 353,742 0.86
EVOLUTION MINING LTD AU 111,197 2.60 288,988 0.70
EZAKI GLICO CO LTD JP 6,800 52.63 357,875 0.87
FAMILYMART UNY HOLDINGS CO L JP 9,200 25.49 234,516 0.57
FAST RETAILING CO LTD JP 200 470.96 94,192 0.23
FORTESCUE METALS GROUP LTD AU 26,356 5.06 133,392 0.32
FUJI MEDIA HOLDINGS INC JP 16,300 13.81 225,163 0.55
GENMAB A/S DK 1,040 173.52 180,458 0.44
GETLINK SE FR 4,428 15.16 67,148 0.16
GLANBIA PLC IE 7,533 19.56 147,371 0.36
GN STORE NORD A/S DK 1,350 46.44 62,697 0.15
GW PHARMACEUTICALS -ADR GB 600 168.57 101,142 0.25
H LUNDBECK A/S DK 7,442 43.37 322,723 0.78
HENNES & MAURITZ AB-B SHS SE 19,049 16.67 317,576 0.77
HOSHIZAKI CORP JP 900 62.08 55,869 0.14
ICA GRUPPEN AB SE 11,181 40.12 448,572 1.09
IDEMITSU KOSAN CO LTD JP 5,500 33.45 183,965 0.45
IG GROUP HOLDINGS PLC GB 50,329 6.77 340,867 0.83
INGENICO GROUP FR 5,376 71.37 383,664 0.93
JAMES HARDIE INDUSTRIES-CDI IE 5,294 12.90 68,304 0.17
JARDINE MATHESON HLDGS LTD HK 5,400 62.43 337,120 0.82
JARDINE STRATEGIC HLDGS LTD HK 6,800 37.51 255,067 0.62
KANSAI ELECTRIC POWER CO INC JP 9,400 14.75 138,623 0.34
KDDI CORP JP 12,400 21.54 267,063 0.65
KERRY GROUP PLC-A IE 4,884 111.61 545,126 1.32
KONINKLIJKE AHOLD DELHAIZE N NL 20,947 26.61 557,476 1.35
K'S HOLDINGS CORP JP 18,200 8.87 161,476 0.39
LAWSON INC JP 6,300 55.48 349,493 0.85
LINK REIT HK 32,500 11.71 380,499 0.92
LION CORP JP 9,200 21.07 193,882 0.47
METCASH LTD AU 55,979 1.88 105,473 0.26
METRO AG DE 25,209 16.61 418,688 1.02
MICRO FOCUS INTERNATIONAL GB 11,673 26.00 303,493 0.74
MOWI ASA NO 21,261 22.34 474,991 1.15
NESTE OYJ FI 4,340 106.60 462,649 1.12
NEWCREST MINING LTD AU 18,164 18.11 328,951 0.80
NEXT PLC GB 6,392 72.67 464,483 1.13
NH FOODS LTD JP 4,700 36.03 169,350 0.41
NIB HOLDINGS LTD AU 16,978 3.72 63,234 0.15
NICE LTD IL 4,612 122.14 563,287 1.37
NIHON KOHDEN CORP JP 11,400 29.80 339,756 0.83
NIPPON TELEGRAPH & TELEPHONE JP 3,900 42.63 166,261 0.40
NITORI HOLDINGS CO LTD JP 300 129.30 38,789 0.09
NOKIA OYJ FI 22,497 5.70 128,157 0.31
NORSK HYDRO ASA NO 38,349 4.07 155,958 0.38
NORTHERN STAR RESOURCES LTD AU 39,011 6.35 247,841 0.60
NOVO NORDISK A/S-B DK 10,567 52.27 552,288 1.34
NTT DOCOMO INC JP 9,400 22.16 208,338 0.51
OLYMPUS CORP JP 4,000 10.88 43,517 0.11
ORION OYJ-CLASS B FI 5,802 37.58 218,018 0.53
ORKLA ASA NO 16,788 7.68 128,928 0.31
ORSTED A/S DK 922 75.79 69,877 0.17
OSRAM LICHT AG DE 6,700 34.42 230,583 0.56
PADDY POWER BETFAIR PLC IE 1,589 77.50 123,145 0.30
PAN PACIFIC INTERNATIONAL HO JP 3,700 66.14 244,708 0.59
PANDORA A/S DK 5,572 46.82 260,876 0.63
PARK24 CO LTD JP 7,000 21.74 152,180 0.37
PCCW LTD HK 586,000 0.62 364,326 0.88
PEARSON PLC GB 38,087 10.91 415,520 1.01
PRADA S.P.A. IT 43,600 2.98 129,969 0.32
PSP SWISS PROPERTY AG-REG CH 542 108.68 58,906 0.14
PUMA SE DE 714 579.95 414,082 1.01
RED ELECTRICA CORPORACION SA ES 13,339 21.32 284,344 0.69
RELIANCE WORLDWIDE CORP LTD US 46,922 3.07 143,961 0.35
ROYAL MAIL PLC GB 58,091 3.10 180,300 0.44
ROYAL UNIBREW DK 2,747 73.85 202,868 0.49
SAINSBURY (J) PLC GB 22,523 3.07 69,116 0.17
SATS LTD SG 61,800 3.78 233,541 0.57
SBM OFFSHORE NV NL 8,035 19.05 153,062 0.37
SCOR SE FR 1,476 42.59 62,866 0.15
SES LU 20,331 15.55 316,211 0.77
SHIMAMURA CO LTD JP 2,800 84.75 237,305 0.58
SIGNIFY NV NL 15,319 26.75 409,842 1.00
SKYLARK HOLDINGS CO LTD JP 23,600 16.57 391,145 0.95
SPARK NEW ZEALAND LTD NZ 134,075 2.59 347,305 0.84
SUMITOMO DAINIPPON PHARMA CO JP 7,200 24.82 178,697 0.43
SUN ART RETAIL GROUP LTD HK 203,000 0.98 198,042 0.48
SUNRISE COMMUNICATIONS GROUP CH 710 73.65 52,290 0.13
SUZUKI MOTOR CORP JP 3,700 44.33 164,013 0.40
SWIRE PROPERTIES LTD HK 28,000 4.30 120,509 0.29
TELSTRA CORP LTD AU 16,332 2.36 38,512 0.09
TEVA PHARMACEUTICAL IND LTD IL 16,750 15.66 262,358 0.64
UBI BANCA SPA IT 120,198 2.65 318,523 0.77
UCB SA BE 6,190 85.90 531,738 1.29
UNITED UTILITIES GROUP PLC GB 4,762 10.62 50,576 0.12
VESTAS WIND SYSTEMS A/S DK 5,244 84.29 441,997 1.07
VONOVIA SE DE 1,294 51.90 67,153 0.16
WH GROUP LTD HK 253,500 1.07 271,150 0.66
YAMADA DENKI CO LTD JP 44,300 4.93 218,482 0.53
YAMATO HOLDINGS CO LTD JP 1,900 25.87 49,155 0.12
YAMAZAKI BAKING CO LTD JP 6,200 16.26 100,789 0.24
YUE YUEN INDUSTRIAL HLDG HK 83,500 3.44 287,470 0.70
ZALANDO SE DE 7,916 38.98 308,573 0.75
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. 
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management

Actively Managed and Sub-Advised by TOBAM S.A.S.

Ayazz Allymun

Ayazz Allymun

Investment Experience since 2004

Career Summary 
TOBAM
Credit Agricole Asset Management (“CAAM”)
Credit Lyonnais Asset Management (“CLAM”)

Education 
DESS (equivalent to MSc) - Pierre & Marie Curie University (Paris VI)

Feriel Ben Amor

Feriel Ben Amor

Investment Experience since 2016

Career Summary 
TOBAM

Education 
MSc – ENSIMAG (Ecole Nationale Supérieure d'Informatique et Mathématiques Appliquées de Grenoble)

Mara Maccagnan

Mara Maccagnan

Investment Experience since 2011

Career Summary 
TOBAM
ANIMA Asset Management Ltd
Banca IMI

Education 
Post MSc – University of Bologna
BA - University of Udine

Guillaume Toison

Guillaume Toison

Investment Experience since 2006

Career Summary 
TOBAM
Credit Agricole Asset Management (“CAAM”)

Education 
BA - ENST Paris

Fees

Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio
Touchstone Advisors, Inc. has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit certain annual Fund operating expenses (excluding Acquired Fund Fees and Expenses “AFFE” and other expenses, if any) to 0.69% for Class Y Shares and 0.59% for Class INST Shares. These expense limitations will remain in effect until at least 1/29/20.

Distributions

Capital Gain and Income Distribution as of
Pay Date Income Distribution Short Term Capital Gains Per Share Long Term Capital Gains Per Share Total Capital Gains Per Share

Resources

Consider Touchstone Anti-Benchmark® International Core Equity Fund for Your Portfolio

Touchstone Anti-Benchmark® International Core Equity Fund utilizes a quantitative approach to diversification of its portfolio holdings. It seeks to provide capital appreciation.
Contact Us Now

1TOBAM Anti-Benchmark® International Core Equity Index data copyright ©2018, TOBAM S.A.S. All rights reserved. Anti-Benchmark® is a registered trademark and service mark of TOBAM S.A.S. or its affiliates (“TOBAM”) and is used under license for certain purposes by Touchstone Advisors, Inc. Reproduction of the TOBAM data and information in any form is prohibited except with the prior written permission of TOBAM S.A.S. Touchstone Anti-Benchmark® International Core Equity Fund is not sponsored, endorsed, sold or promoted by TOBAM and TOBAM makes no representation regarding the advisability of investing in such fund. TOBAM DOES NOT GUARANTEE THE RESULTS TO BE OBTAINED BY LICENSEE, OWNERS OR PROSPECTIVE OWNERS OF SECURITIES OF THE FUND OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE ANTI-BENCHMARK® INTERNATIONAL CORE EQUITY INDEX OR ANY DATA INCLUDED THEREIN.

Solactive AG is the third-party calculation agent of the TOBAM Anti-Benchmark® International Core Equity Index and received compensation in that capacity. Solactive AG does not sponsor, endorse, sell, or promote any investment vehicle that is offered by any third party that seeks to provide an investment return based on the performance of any index. It is not possible to invest directly in an index.

The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trademark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trademark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.

TOBAM’s quantitative investment process is supported by extensive proprietary computer code. TOBAM’s researchers, software developers, and IT teams follow a structured design, development, testing, change control, and review processes during the development of its systems and the implementation within TOBAM’s investment process. These controls and their effectiveness are subject to regular internal reviews. However, despite these extensive controls it is possible that errors may occur in coding and within the investment process, as is the case with any complex software or data-driven model, and no guarantee or warranty can be provided that any quantitative investment model is completely free of errors. Any such errors could have a negative impact on investment results.

Touchstone Anti-Benchmark® International Core Equity Fund is distributed by Touchstone Securities, Inc., a registered broker-dealer and member FINRA and SIPC, and advised by Touchstone Advisors, Inc., a registered investment advisor. TOBAM S.A.S. is sub-advisor of the Fund and Solactive AG is a third party calculation agent of the TOBAM Anti-Benchmark® International Core Equity Index. Both TOBAM S.A.S. and Solactive AG are independent of Touchstone Securities, Inc. and Touchstone Advisors, Inc.

Please consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the fund. To obtain a prospectus or a summary prospectus, contact your financial advisor or download and/or request one at Resources & Tools. Please read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. All investing involves risk.

Touchstone Funds are distributed by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC


Investment products offered are not FDIC insured, may lose value and have no bank guarantee.

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