Touchstone International Equity Fund

(formerly the Sentinel International Equity Fund)

Daily NAV
$
Overall Morningstar RatingTM
Foreign Large Blend

Morningstar

Overall Morningstar RatingTM is calculated against 623 funds in the Foreign Large Blend 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 Fort Washington Investment Advisors, Inc.

Objective

The fund seeks long-term capital growth.

International Equity Fund Commentary

Investment Style

  • Invests primarily in common stocks of established companies across the capitalization spectrum located in or that conduct their business mainly in one or more foreign countries
  • Focuses on quality at a reasonable price, beginning with a regular quantitative screening in order to narrow the investable universe
  • Analyzes companies based on the following five fundamental factors: business quality, valuation, growth, management and balance sheet strength
  • Manages risk through portfolio diversification, by individual issuer, sector, and country
  • Index-agnostic portfolio construction approach typically results in a concentrated, high-conviction portfolio
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign and emerging market securities, and 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 risks associated with investing in foreign markets are magnified in emerging markets due to their smaller economies. 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 $184,938,520
Asset Class International / Global Equity
Morningstar Category Foreign Large Blend
Benchmark MSCI EAFE® Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 03/30/2018

Performance 

Daily Returns as of
NAV NAV $ Change
Touchstone International Equity 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 International Equity Fund -
Including Sales Charge
Touchstone International Equity Fund -
Excluding Sales Charge
MSCI EAFE® Index 2.46% -1.07% -0.36% 6.40% 5.03% 5.86% 3.43% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Equity Fund -
Including Sales Charge
Touchstone International Equity Fund -
Excluding Sales Charge
MSCI EAFE® Index 6.84% 4.90% 6.44% 2.84% --
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.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 03/01/93, with the performance since the inception date of each share class.
Prior to October 30, 2017, the performance, rating and ranking history is that of the Sentinel International Equity Fund.

Consider Touchstone International Equity Fund for Your Portfolio

Touchstone International Equity Fund invests primarily in common stock of established companies across the capitalization spectrum located in or that conduct business mainly in one or more foreign countries. It seeks to provide long-term capital growth.
Contact Us Now

Portfolio

as of 06/30/2018
Number of Holdings
42
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
$44.0 B
Median Market Capitalization
$7.4 B
Price Earnings Ratio
(Weighted Harmonic Average)
16.2x
Price to Book Ratio
(Weighted Harmonic Average)
2.6x
as of 06/30/2018
Composition % of Portfolio
Equities Non-U.S. Developed Markets 75.1
Equities U.S. 11.7
Equities Emerging Markets 8.5
Cash Equivalents 4.7
as of 06/30/2018
Country % of Portfolio
United Kingdom 30.7
United States 11.7
France 8.9
Switzerland 7.9
Canada 6.5
Germany 5.8
India 3.8
Japan 3.7
Spain 3.0
Denmark 2.6
as of 06/30/2018
Sector % of Portfolio
Consumer Discretionary 33.2
Information Technology 15.4
Industrials 13.3
Consumer Staples 8.7
Health Care 7.3
Materials 4.5
Real Estate 3.1
Utilities 3.0
Energy 2.2
Financials 2.0
Telecommunication Services 0.0
as of 07/31/2018
Security Description % of Portfolio
MEDTRONIC PLC 4.1
ITV PLC 3.8
NESTLE SA-REG 3.7
WPP PLC 3.4
BRENNTAG AG 3.3
RECKITT BENCKISER GROUP PLC 3.3
SAP SE 3.2
SHRIRAM TRANSPORT FINANCE 3.0
SAVILLS PLC 3.0
ISS A/S 3.0
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ADECCO GROUP AG-REG CH 63,000 59.01 3,717,888 2.06
APTIV PLC US 31,500 91.63 2,886,345 1.60
AUTO TRADER GROUP PLC GB 825,000 5.60 4,623,622 2.56
AVEVA GROUP PLC GB 120,000 35.45 4,253,815 2.35
BAIDU INC - SPON ADR CN 11,000 243.00 2,673,000 1.48
BCA MARKETPLACE PLC GB 2,213,837 2.89 6,407,136 3.54
BLACKBERRY LTD CA 419,000 9.65 4,043,350 2.24
BRENNTAG AG DE 93,000 55.56 5,167,239 2.86
COMPASS GROUP PLC GB 209,615 21.32 4,468,073 2.47
CORE LABORATORIES N.V. NL 34,000 126.21 4,291,140 2.37
DREYFUS GOV'T CASH MANAGEMENT US 8,779,611 1.00 8,779,611 4.86
EDENRED FR 113,000 31.59 3,569,301 1.97
EUTELSAT COMMUNICATIONS FR 217,000 20.70 4,490,871 2.48
EXPERIAN PLC GB 167,000 24.67 4,119,658 2.28
FANUC CORP JP 15,800 198.21 3,131,747 1.73
FOXTONS GROUP PLC GB 1,750,000 0.75 1,307,211 0.72
GRUMA S.A.B.-B MX 346,000 12.21 4,225,816 2.34
INDIVIOR PLC GB 431,000 5.04 2,170,297 1.20
INTERCONTINENTAL HOTELS GROU GB 46,000 62.17 2,859,598 1.58
ISS A/S DK 136,000 34.25 4,658,265 2.58
ITV PLC GB 3,410,000 2.29 7,796,077 4.31
JCDECAUX SA FR 111,000 33.39 3,706,476 2.05
MASTERCARD INC - A US 15,100 196.52 2,967,452 1.64
MEDTRONIC PLC US 77,000 85.61 6,591,970 3.65
NAVER CORP KR 4,500 684.30 3,079,371 1.70
NESTLE SA-REG CH 77,000 77.50 5,967,565 3.30
NORTHERN STAR RESOURCES LTD AU 500,000 5.41 2,706,851 1.50
NOVARTIS AG-REG CH 60,000 75.75 4,545,057 2.51
OPAP SA GR 370,000 11.27 4,171,727 2.31
PC JEWELLER LTD IN 1,745,000 2.00 3,493,305 1.93
PRETIUM RESOURCES INC CA 389,000 7.34 2,855,260 1.58
RANDGOLD RESOURCES LTD JE 34,000 76.97 2,616,887 1.45
RECKITT BENCKISER GROUP PLC GB 62,500 82.16 5,135,298 2.84
RED ELECTRICA CORPORACION SA ES 255,000 20.32 5,180,590 2.87
RENAULT SA FR 51,000 84.72 4,320,798 2.39
SAP SE DE 47,000 115.42 5,424,641 3.00
SAVILLS PLC GB 392,000 11.46 4,491,100 2.48
SHRIRAM TRANSPORT FINANCE IN 235,000 18.98 4,459,556 2.47
TENCENT HOLDINGS LTD CN 60,000 50.22 3,012,924 1.67
UNI-SELECT INC CA 300,000 15.91 4,771,612 2.64
USS CO LTD JP 202,000 19.01 3,840,537 2.12
WPP PLC GB 495,000 15.71 7,777,227 4.30
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 Fort Washington Investment Advisors, Inc.
Andrew Boczek

Andrew Boczek

Investment Experience since 1987 

Career Summary 
Fort Washington Investment Advisors, Inc.
Sentinel Asset Management Inc.
Legend Capital Management LLC
Artisan Partners LP 

Education 
MBA - University of Chicago Booth School of Business, with honors
BA - Cornell University, Phi Beta Kappa

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 1.36% for Class A Shares, 2.49% for Class C Shares, 0.99% for Class Y Shares and 0.89% for Class INST Shares. These expense limitations will remain in effect until at least 10/26/2019.

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 International Equity Fund for Your Portfolio

Touchstone International Equity Fund invests primarily in common stock of established companies across the capitalization spectrum located in or that conduct business mainly in one or more foreign countries. It seeks to provide long-term capital growth.
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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