Touchstone Emerging Markets Small Cap Fund

Daily NAV
$
Overall Morningstar RatingTM
Diversified Emerging Mkts

Morningstar

Overall Morningstar RatingTM is calculated against 688 funds in the Diversified Emerging Mkts category.

The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds and separate accounts) with at least a 3-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35%receive three stars, the next 22.5% receive two stars, and the bottom 10%receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36-59 months of total returns, 60% 5-year rating/40% 3-year rating for 60-119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods.

Class A Shares star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms.
Active Share
95 %

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. 
 

Overview

Overview

Actively Managed and Sub-Advised by Copper Rock Capital Partners LLC

Objective

The fund seeks capital appreciation by investing primarily in equity securities of small-cap companies located in emerging market countries.

Emerging Market Small Cap Fund Commentary

Investment Style

  • Applies a blend of fundamental and quantitative analyses to generate initial investment ideas
  • Seeks to add value through bottom-up stock selection and in-depth fundamental research
  • Examines a company's financial condition, management team, business prospects, competitive position and overall business strategy
  • Looks for companies believed to have strong management, superior earnings growth prospects, and attractive relative valuations
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign securities, including depositary receipts, such as ADRs, GDRs and EDRs, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in emerging markets securities which are more likely to experience turmoil or rapid changes in market or economic conditions than developed countries. The Fund invests in stocks of small- and mid-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. The Fund may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns and higher short-term capital gains taxable to shareholders. Current and future portfolio holdings are subject to risk. The advisor engages the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2018
Total Fund Net Assets as of 06/30/2018 $10,364,005
Asset Class International / Global Equity
Morningstar Category Diversified Emerging Mkts
Benchmark MSCI Emerging Markets Small Cap Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Emerging Markets Small Cap Fund -
HISTORICAL DAILY NAV
as of 07/31/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Emerging Markets Small Cap Fund -
Including Sales Charge
Touchstone Emerging Markets Small Cap Fund -
Excluding Sales Charge
MSCI Emerging Markets Small Cap Index 1.22% -7.38% -7.33% 3.24% 5.78% 4.46% 4.79% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Emerging Markets Small Cap Fund -
Including Sales Charge
Touchstone Emerging Markets Small Cap Fund -
Excluding Sales Charge
MSCI Emerging Markets Small Cap Index 5.64% 2.55% 4.32% 4.44% --
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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. The maximum front-end sales charge for Class A shares of Touchstone Equity Funds is 5.75%.
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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C shares is adjusted for the contingent deferred sales charges in effect at the end of the specified period. The contingent deferred sales charge for Class C shares is 1.00% the first year you hold the shares and declines to 0% after the first year.
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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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 NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.
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 Funds 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, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.

Consider Touchstone Emerging Markets Small Cap Fund for Your Portfolio

Touchstone Emerging Markets Small Cap Fund invests primarily in equity securities of small-cap companies located in emerging market countries. It seeks to provide capital appreciation.
Contact Us Now

Portfolio

as of 06/30/2018
Number of Holdings
86
Active Share
95%

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
$2.1 B
Median Market Capitalization
$1.8 B
Price Earnings Ratio
(Weighted Harmonic Average)
11.9x
Price to Book Ratio
(Weighted Harmonic Average)
2.0x
as of 06/30/2018
Composition % of Portfolio
Equities Emerging Markets 99.3
Cash Equivalents 0.7
Equities U.S. 0.0
Equities Non-U.S. Developed Markets 0.0
as of 06/30/2018
Country % of Portfolio
Korea 19.7
Taiwan 19.6
China 18.5
India 14.0
Thailand 6.6
South Africa 5.3
Brazil 5.0
Malaysia 2.8
Mexico 2.1
Indonesia 1.8
as of 06/30/2018
Sector % of Portfolio
Consumer Discretionary 19.3
Financials 12.8
Consumer Staples 8.2
Health Care 8.1
Energy 1.1
as of 07/31/2018
Security Description % of Portfolio
MUANGTHAI CAPITAL PCL 1.8
MPHASIS LTD 1.8
KOH YOUNG TECHNOLOGY INC 1.7
JUBILANT FOODWORKS LTD 1.7
ORION CORP/REPUBLIC OF KOREA 1.6
GRAPE KING BIO LTD 1.6
JUBILANT LIFE SCIENCES LTD 1.6
MAANSHAN IRON & STEEL-H 1.6
MALAYSIA AIRPORTS HLDGS BHD 1.6
TCS GROUP HOLDING -REG S 1.6
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AFRICAN RAINBOW MINERALS LTD ZA 10,255 7.95 81,562 0.79
AIRASIA BHD MY 142,500 0.74 105,617 1.03
AIRTAC INTERNATIONAL GROUP TW 8,000 14.19 113,554 1.10
ALSEA SAB DE CV MX 38,600 3.45 132,980 1.29
ASIA CEMENT CORP TW 46,000 1.10 50,496 0.49
ASPEED TECHNOLOGY INC TW 4,000 26.18 104,726 1.02
AVI LTD ZA 12,437 7.89 98,100 0.95
BANK TABUNGAN NEGARA PERSERO ID 721,700 0.17 123,170 1.20
BAOZUN INC-SPN ADR CN 1,815 54.70 99,281 0.97
BARLOWORLD LTD ZA 7,713 9.43 72,742 0.71
BIOTEQUE CORPORATION TW 31,000 3.47 107,581 1.05
CCC SA PL 1,558 55.01 85,713 0.83
CHINA GENERAL PLASTICS TW 164,289 0.99 162,992 1.58
CHINA YONGDA AUTOMOBILES SER CN 146,000 0.98 143,074 1.39
CHINASOFT INTERNATIONAL LTD CN 188,000 0.78 146,178 1.42
CHOLAMANDALAM INVESTMENT AND IN 5,016 22.08 110,765 1.08
DILIP BUILDCON LTD IN 9,746 9.70 94,516 0.92
DOUZONE BIZON CO LTD KR 3,751 55.57 208,455 2.03
DREYFUS-GOV C-IN US 303,472 1.00 303,472 2.95
E INK HOLDINGS INC TW 90,000 1.11 99,889 0.97
ELITE ADVANCED LASER CORP TW 27,400 3.39 92,834 0.90
FILA KOREA LTD KR 4,780 30.09 143,821 1.40
FU SHOU YUAN INTERNATIONAL CN 116,000 1.13 130,553 1.27
GOURMET MASTER CO LTD TW 9,351 9.66 90,341 0.88
GRAPE KING BIO LTD TW 20,000 7.54 150,707 1.47
GUANGZHOU R&F PROPERTIES - H CN 68,000 2.01 136,473 1.33
HAITIAN INTERNATIONAL HLDGS CN 42,000 2.36 99,143 0.96
HOLLYSYS AUTOMAT CN 6,533 22.14 144,641 1.41
HUNG SHENG CONSTRUCTION LTD TW 30,000 1.34 40,137 0.39
HYVISION SYSTEM INC KR 9,633 12.83 123,622 1.20
INDRAPRASTHA GAS LTD IN 34,201 3.71 127,048 1.24
INNOCEAN WORLDWIDE INC KR 1,919 53.30 102,278 0.99
INVENTEC CORP TW 123,000 0.78 96,459 0.94
IOCHPE-MAXION S.A. BR 16,700 5.39 90,055 0.88
IRB BRASIL RESSEGUROS SA BR 11,400 12.24 139,509 1.36
JAIN IRRIGATION SYSTEMS LTD IN 56,145 1.12 62,990 0.61
JUBILANT FOODWORKS LTD IN 8,564 20.23 173,271 1.68
JUBILANT LIFE SCIENCES LTD IN 14,735 10.22 150,625 1.46
JUMBO SA GR 7,728 16.49 127,430 1.24
JUSUNG ENGINEERING CO LTD KR 9,698 7.36 71,388 0.69
KING YUAN ELECTRONICS CO LTD TW 129,000 0.91 117,277 1.14
KIWOOM SECURITIES CO LTD KR 1,700 97.27 165,367 1.61
KOH YOUNG TECHNOLOGY INC KR 1,951 91.42 178,360 1.73
KOREA PETRO CHEMICAL IND KR 701 224.54 157,400 1.53
KRUNGTHAI CARD PCL-FOREIGN TH 15,500 10.61 164,519 1.60
L&T FINANCE HOLDINGS LTD IN 55,493 2.21 122,895 1.19
LIVZON PHARMACEUTICAL GROU-H CN 19,500 4.78 93,224 0.91
LONKING HOLDINGS LTD CN 316,000 0.46 144,721 1.41
LOTTE HIMART CO LTD KR 1,991 70.76 140,891 1.37
MAANSHAN IRON & STEEL-H CN 298,000 0.44 131,859 1.28
MAGAZINE LUIZA SA BR 3,300 32.90 108,560 1.06
MALAYSIA AIRPORTS HLDGS BHD MY 81,700 2.18 177,982 1.73
MEGA LIFESCIENCES PCL TH 112,800 1.20 135,309 1.32
MICRO-STAR INTERNATIONAL CO TW 38,000 3.08 116,975 1.14
MODETOUR NETWORK INC KR 5,229 24.39 127,531 1.24
MPHASIS LTD IN 11,588 15.82 183,362 1.78
MRV ENGENHARIA BR 28,500 3.09 88,020 0.86
MUANGTHAI CAPITAL PCL TH 155,900 1.00 155,364 1.51
NATCO PHARMA LTD IN 8,770 11.77 103,249 1.00
NATIONAL ALUMINIUM CO LTD IN 118,409 0.94 111,878 1.09
ORION CORP/REPUBLIC OF KOREA KR 1,416 133.51 189,057 1.84
PICK N PAY STORES LTD ZA 18,551 5.45 101,129 0.98
POWERTECH TECHNOLOGY INC TW 49,000 2.90 142,030 1.38
PRIMAX ELECTRONICS LTD TW 39,000 2.02 78,929 0.77
PROMOTORA Y OPERADORA DE INF MX 8,690 8.95 77,780 0.76
QUALITY HOUSES PCL TH 574,900 0.09 53,447 0.52
RADICO KHAITAN LTD IN 7,716 6.04 46,617 0.45
SAPPI LIMITED ZA 17,210 6.65 114,510 1.11
SEEGENE INC KR 4,108 25.03 102,806 1.00
SILICON WORKS CO LTD KR 2,609 32.37 84,442 0.82
SOULBRAIN CO LTD KR 1,435 55.51 79,661 0.77
SREI INFRASTRUCTURE FINANCE IN 77,050 0.91 69,968 0.68
STAR PETROLEUM REFINING TH 296,700 0.39 116,337 1.13
SUNNY FRIEND ENVIRONMENTAL T TW 17,000 7.04 119,744 1.16
TCI CO LTD TW 13,000 15.41 200,327 1.95
TCS GROUP HOLDING -REG S CY 8,769 20.70 181,518 1.76
TIANNENG POWER INTL LTD CN 98,000 1.55 152,120 1.48
TRUWORTHS INTERNATIONAL LTD ZA 14,788 5.59 82,681 0.80
TURK SISE VE CAM FABRIKALARI TR 101,325 0.92 93,277 0.91
USINAS SIDER MINAS GER-PF A BR 39,900 1.89 75,461 0.73
VALUE ADDED TECHNOLOGY CO LT KR 4,420 30.05 132,832 1.29
WASKITA KARYA PERSERO TBK PT ID 494,300 0.13 66,221 0.64
WEST CHINA CEMENT LTD CN 626,000 0.16 99,608 0.97
XIABUXIABU CATERING MANAGEME CN 66,000 2.18 144,188 1.40
YIRENDAI LTD - ADR CN 3,841 21.22 81,506 0.79
YUZHOU PROPERTIES CO CN 231,000 0.59 135,751 1.32
Data may not total due to rounding.
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.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. 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. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management

Actively Managed and Sub-Advised by Copper Rock Capital Partners LLC
Stephen Dexter

Stephen Dexter

Investment Experience since 1984 

Career Summary 
Copper Rock Capital Partners LLC
Putnam Investments
Scudder Kemper Investments
Kemper Financial Services
Sears Investment Management 

Education 
MBA - University of Wisconsin
BA - University of Wisconsin
H David Shea

H. David Shea, CFA

Investment Experience since 1989 

Career Summary 
Copper Rock Capital Partners LLC
Putnam Investments
Citigroup Asset Management
Independence Investment Associates
Boston International Advisors Inc
MFS Investment Management 

Education 
BA - Tufts University

Fees

Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio
Touchstone Advisors 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 1.69% for Class A Shares, 2.44% for Class C Shares, 1.44% for Class Y Shares and 1.29% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/2019.

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 Emerging Markets Small Cap Fund for Your Portfolio

Touchstone Emerging Markets Small Cap Fund invests primarily in equity securities of small-cap companies located in emerging market countries. It seeks to provide capital appreciation.
Contact Us Now
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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