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Touchstone International Growth Opportunities Fund

(formerly the Global Growth Fund)

Daily NAV
$
Overall Morningstar Rating™
Foreign Large Growth
Active Share
94 %

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 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 American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards including those of certain European countries that may have the potential to leave the European Union. 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 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

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 06/30/2019
Total Fund Net Assets as of 06/30/2019 $34,726,624
Asset Class International / Global Equity
Morningstar Category Foreign Large Growth
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 07/31/2019
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 -1.21% -0.88% 12.22% -2.27% 7.20% 2.12% 5.42% --
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 06/30/2019
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 1.29% 9.39% 2.16% 6.54% --
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

Morningstar Rating™

Portfolio

as of 06/30/2019
Number of Holdings
34
Active Share
94%
Weighted Average Market Capitalization
$109.0 B
Median Market Capitalization
$20.8 B
Price To Earnings Ratio
(Weighted Harmonic Average)
30.1x
Price to Book Ratio
(Weighted Harmonic Average)
4.7x
as of 06/30/2019
Composition % of Portfolio
Equities Emerging Markets 54.3
Equities Non-U.S. Developed Markets 45.1
Cash Equivalents 0.6
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 06/30/2019
Country % of Portfolio
China 40.8
France 12.7
Switzerland 8.3
Germany 5.1
India 5.0
Japan 4.4
Singapore 4.2
Israel 3.8
Brazil 3.6
Sweden 3.2
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 06/30/2019
Sector % of Portfolio
Information Technology 20.0
Consumer Discretionary 19.0
Communication Services 14.8
Industrials 14.7
Consumer Staples 12.8
Financials 10.6
Health Care 7.6
Real Estate 0.0
Utilities 0.0
Energy 0.0
Materials 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 07/31/2019
Security Description % of Portfolio
ALIBABA GROUP HOLDING LTD 9.0
TENCENT HOLDINGS LTD 7.3
NEW ORIENTAL EDUCATION & TECHN 5.9
RECRUIT HOLDINGS CO LTD 4.5
NICE LTD 4.3
DBS GROUP HOLDINGS LTD 4.2
HDFC BANK LTD 4.2
WULIANGYE YIBIN CO LTD 4.1
SAP SE 3.8
CAPGEMINI SE 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 06/30/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
51JOB INC KY 4,650 75.50 351,075 1.01
58.COM INC KY 7,735 62.17 480,885 1.38
AIRBUS SE NL 3,385 141.52 479,050 1.38
ALIBABA GROUP HOLDING LTD KY 17,950 169.45 3,041,628 8.75
ASTRAZENECA PLC GB 8,990 81.75 734,948 2.12
AUTOHOME INC KY 12,940 85.62 1,107,923 3.19
CANADIAN PACIFIC RAILWAY LTD CA 1,980 235.24 465,775 1.34
CAPGEMINI SE FR 9,345 124.34 1,161,975 3.34
COCA-COLA HBC AG CH 26,540 37.78 1,002,552 2.89
DALI FOODS GROUP CO LTD KY 1,160,500 0.66 770,047 2.22
DBS GROUP HOLDINGS LTD SG 75,100 19.21 1,442,676 4.15
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 203,767 1.00 203,767 0.59
GLOBANT SA LU 10,115 101.05 1,022,121 2.94
HDFC BANK LTD IN 13,275 130.04 1,726,281 4.97
HEXAGON AB SE 19,855 55.60 1,104,011 3.18
KERING SA FR 840 591.41 496,781 1.43
KWEICHOW MOUTAI CO LTD CN 8,000 143.62 1,148,989 3.31
MAGAZINE LUIZA SA BR 12,500 54.36 679,534 1.96
MEDACTA GROUP SA CH 7,775 90.35 702,474 2.02
NEW ORIENTAL EDUCATION & TECHN KY 19,430 96.58 1,876,549 5.40
NICE LTD IL 9,615 137.00 1,317,255 3.79
PAGSEGURO DIGITAL LTD KY 14,650 38.97 570,911 1.64
PING AN INSURANCE GROUP CO OF CN 42,700 12.02 513,462 1.48
RECRUIT HOLDINGS CO LTD JP 46,100 33.48 1,543,515 4.44
SAFRAN SA FR 8,990 146.29 1,315,163 3.79
SAP SE DE 6,000 137.09 822,551 2.37
SONOVA HOLDING AG CH 5,205 227.60 1,184,651 3.41
TENCENT HOLDINGS LTD KY 53,525 45.24 2,421,440 6.97
TENCENT MUSIC ENTERTAINMENT GR KY 31,885 14.99 477,956 1.38
THALES SA FR 7,735 123.52 955,444 2.75
TONGCHENG-ELONG HOLDINGS LTD KY 246,000 1.98 488,306 1.41
WIRECARD AG DE 5,630 168.35 947,797 2.73
WULIANGYE YIBIN CO LTD CN 88,728 17.22 1,528,217 4.40
YANDEX NV NL 17,380 38.00 660,440 1.90
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 1979

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

Expense Fees for Share Class
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 on the resources section or call Touchstone at 800-638-8194. 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.

Not FDIC Insured | No Bank Guarantee | May Lose Value

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