Touchstone Anti-Benchmark® International Core Equity Fund

Touchstone Anti-Benchmark® International Core Equity Fund

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
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  11/19/2018  11/19/2018

 

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

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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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 11/15/19.

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

Resources

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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