Touchstone International Growth Opportunities Fund

(formerly the Global Growth Fund)

Touchstone International Growth Opportunities Fund

(formerly the Global Growth Fund)

Daily NAV
$
Overall Morningstar RatingTM
World Large Stock

Morningstar

Overall Morningstar RatingTM is calculated against 739 funds in the World Large Stock 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 Morningstar RatingTM does not include any adjustment for sales load. 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 DSM Capital Partners LLC

Objective

The fund seeks long-term capital appreciation.

International Growth Opportunities Fund Commentary

Investment Style

  • Invests primarily in international equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations
  • Utilizes a bottom-up idea-driven growth style with a long-term investment horizon, coupled with a distinct valuation discipline
  • Seeks to identify companies which are believed to exhibit certain quality characteristics, including:
    - Predictable growth
    - Solid fundamentals
    - Attractive profitability
    - Successful managements
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund invests in convertible securities which are subject to the risks of both debt securities and equity securities. 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, 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 may focus its investments in specific sectors and therefore be susceptible to positive or negative developments in the sector which may increase the Fund’s volatility and magnify its effects on total return. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers than a diversified fund and may be subject to greater risks. 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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $40,958,221
Asset Class International / Global Equity
Morningstar Category World Large Stock
Benchmark MSCI All Country World Ex-U.S. Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone International Growth Opportunities Fund -
HISTORICAL DAILY NAV
as of 11/30/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Growth Opportunities Fund -
Including Sales Charge
Touchstone International Growth Opportunities Fund -
Excluding Sales Charge
MSCI All Country World Ex-U.S. Index 0.95% -6.84% -10.13% -8.12% 5.43% 1.79% 7.66% --
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. The maximum front-end sales charge for Class A Shares of Touchstone U.S. Equity, International/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund is 5.00%.
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. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC 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 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.
The performance presented for Class A, C and Y Shares combines the performance of an older class of shares (INST Shares) from the Fund's inception, 03/28/12, with the performance since the inception date of each share class.
as of 09/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Growth Opportunities Fund -
Including Sales Charge
Touchstone International Growth Opportunities Fund -
Excluding Sales Charge
MSCI All Country World Ex-U.S. Index 1.76% 9.97% 4.12% 5.18% --
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. The maximum front-end sales charge for Class A Shares of Touchstone U.S. Equity, International/Global Equity and Multi-Asset/Alternative Investment Funds excluding Touchstone Flexible Income Fund is 5.00%.
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. Performance for Class C Shares is adjusted for the contingent deferred sales charges (CDSC) in effect at the end of the specified period. The CDSC 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 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.
The performance presented for Class A, C and Y Shares combines the performance of an older class of shares (INST Shares) from the Fund's inception, 03/28/12, with the performance since the inception date of each share class.

Consider Touchstone International Growth Opportunities Fund for Your Portfolio

Touchstone International Growth Opportunities Fund seeks to provide long-term capital appreciation by investing primarily in international equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations.
Contact Us Now

Portfolio

as of 09/30/2018
Number of Holdings
37
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
$89.5 B
Median Market Capitalization
$15.2 B
Price Earnings Ratio
(Weighted Harmonic Average)
25.6x
Price to Book Ratio
(Weighted Harmonic Average)
3.7x
as of 09/30/2018
Composition % of Portfolio
Equities Emerging Markets 52.7
Equities Non-U.S. Developed Markets 47.1
Cash Equivalents 0.2
Equities U.S. 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 09/30/2018
Country % of Portfolio
China 42.6
Canada 8.2
France 7.7
Switzerland 7.0
India 6.7
Japan 6.6
Singapore 5.0
Germany 4.4
Sweden 3.0
Brazil 2.4
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 09/30/2018
Sector % of Portfolio
Consumer Discretionary 23.1
Communication Services 18.8
Financials 17.9
Information Technology 17.1
Industrials 11.3
Consumer Staples 5.8
Utilities 3.1
Health Care 2.7
Materials 0.0
Real Estate 0.0
Energy 0.0
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 11/30/2018
Security Description % of Portfolio
ALIBABA GROUP HOLDING-SP ADR 8.6
TENCENT HOLDINGS LTD 7.1
HDFC BANK LTD-ADR 5.7
WEIBO CORP-SPON ADR 5.5
SAFRAN SA 5.2
DBS GROUP HOLDINGS LTD 5.1
TORONTO-DOMINION BANK 4.4
SAP SE 4.0
NICE LTD - SPON ADR 3.8
CANADIAN PACIFIC RAILWAY LTD 3.8
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
58.COM INC-ADR CN 14,730 73.60 1,084,128 2.65
ALIBABA GROUP HOLDING-SP ADR CN 18,710 164.76 3,082,660 7.52
AMS AG AT 7,280 56.28 409,753 1.00
ANTA SPORTS PRODUCTS LTD CN 165,000 4.77 787,683 1.92
AUTOHOME INC-ADR CN 16,310 77.41 1,262,557 3.08
BAIDU INC - SPON ADR CN 2,555 228.68 584,277 1.43
CANADIAN PACIFIC RAILWAY LTD CA 6,615 211.94 1,401,983 3.42
CAPGEMINI SE FR 3,250 125.90 409,168 1.00
COCA-COLA HBC AG-DI CH 34,065 34.07 1,160,572 2.83
CTRIP.COM INTERNATIONAL-ADR CN 61,865 37.17 2,299,522 5.61
DBS GROUP HOLDINGS LTD SG 107,300 19.08 2,046,979 5.00
DREYFUS-GOV C-IN US 95,319 1.00 95,319 0.23
ENN ENERGY HOLDINGS LTD CN 144,000 8.69 1,250,838 3.05
HDFC BANK LTD-ADR IN 20,295 94.10 1,909,760 4.66
HEXAGON AB-B SHS SE 20,805 58.55 1,218,065 2.97
INDUSIND BANK LTD IN 35,540 23.33 829,082 2.02
INTERCONTINENTAL HOTELS GROU GB 13,125 62.25 816,998 1.99
JULIUS BAER GROUP LTD CH 11,765 49.98 587,969 1.44
KWEICHOW MOUTAI CO LTD-A CN 5,800 106.13 615,530 1.50
MAGAZINE LUIZA SA BR 19,800 30.46 603,038 1.47
NEW ORIENTAL EDUCATIO-SP ADR CN 18,810 74.01 1,392,128 3.40
NEXON CO LTD JP 60,800 13.07 794,748 1.94
NICE LTD - SPON ADR IL 7,515 114.47 860,242 2.10
PAGSEGURO DIGITAL LTD-CL A BR 13,015 27.67 360,125 0.88
RECRUIT HOLDINGS CO LTD JP 42,800 33.40 1,429,583 3.49
SAFRAN SA FR 12,940 140.02 1,811,910 4.42
SAP SE DE 14,655 122.96 1,802,029 4.40
SONOVA HOLDING AG-REG CH 5,600 198.47 1,111,421 2.71
SUNNY OPTICAL TECH CN 16,400 11.55 189,339 0.46
SUZUKI MOTOR CORP JP 8,700 57.31 498,607 1.22
TELEKOMUNIKASI INDONESIA PER ID 1,760,100 0.24 430,829 1.05
TENCENT HOLDINGS LTD CN 57,425 40.83 2,344,710 5.72
TORONTO-DOMINION BANK CA 32,595 60.77 1,980,708 4.83
UBISOFT ENTERTAINMENT FR 8,730 107.98 942,671 2.30
WEIBO CORP-SPON ADR CN 20,030 73.13 1,464,794 3.58
WULIANGYE YIBIN CO LTD-A CN 60,528 9.87 597,398 1.46
YY INC-ADR CN 6,685 74.92 500,840 1.22
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 DSM Capital Partners LLC
Daniel Strickberger

Daniel Strickberger

Investment Experience since 1982

Career Summary 
DSM Capital Partners LLC
W.P. Stewart & Co.
Lazard Freres & Co.
Oppenheimer & Co.
Bank of Tokyo
Morgan Guaranty 

Education 
MBA - Finance & International Business, New York University
BS - Business Administration & Finance, University of Delaware

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 1.24% for Class A Shares, 1.99% 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 10/29/2019.

Distribution

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 Growth Opportunities Fund for Your Portfolio

Touchstone International Growth Opportunities Fund seeks to provide long-term capital appreciation by investing primarily in international equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations.
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.

Ready to Continue?

You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com

Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content. 

Are you ready to move forward?