Touchstone International Small Cap Fund

Touchstone International Small Cap Fund

Daily NAV
$
Overall Morningstar RatingTM
Foreign Small/Mid Growth

Morningstar

Overall Morningstar RatingTM is calculated against 109 funds in the Foreign Small/Mid Growth 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 Copper Rock Capital Partners LLC

Objective

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

International Small Cap Fund Commentary

Investment Style

  • 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-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. 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. 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

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 12/31/2018
Total Fund Net Assets as of 12/31/2018 $209,996,979
Asset Class International / Global Equity
Morningstar Category Foreign Small/Mid Growth
Benchmark S&P Developed ex-U.S. Small Cap 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 Small Cap Fund -
HISTORICAL DAILY NAV
as of 01/31/2019 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Small Cap Fund -
Including Sales Charge
Touchstone International Small Cap Fund -
Excluding Sales Charge
S&P Developed ex-U.S. Small Cap Index 8.13% 0.21% 8.13% -15.86% 9.36% 4.72% 11.67% --
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 INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 12/31/96, with the performance since the inception date of each share class.
as of 12/31/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Small Cap Fund -
Including Sales Charge
Touchstone International Small Cap Fund -
Excluding Sales Charge
S&P Developed ex-U.S. Small Cap Index -18.41% 3.88% 2.78% 10.00% --
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. 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 INST Shares combines the performance of an older class of shares (Y Shares) from the Fund's inception, 12/31/96, with the performance since the inception date of each share class.

Consider Touchstone International Small Cap Fund for Your Portfolio

Touchstone International Small Cap Fund invests primarily in equity securities of non-U.S. small-cap companies, including those located in emerging market countries. It seeks to provide capital appreciation.
Contact Us Now

Portfolio

as of 12/31/2018
Number of Holdings
92
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
$2.9 B
Median Market Capitalization
$2.7 B
Price To Earnings Ratio
(Weighted Harmonic Average)
14.4x
Price to Book Ratio
(Weighted Harmonic Average)
1.8x
as of 12/31/2018
Composition % of Portfolio
Equities Non-U.S. Developed Markets 96.5
Equities Emerging Markets 2.8
Cash Equivalents 0.7
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 12/31/2018
Country % of Portfolio
Japan 26.8
United Kingdom 15.5
Australia 8.1
Germany 7.2
Canada 6.3
France 5.5
Switzerland 4.0
Netherlands 3.6
Italy 3.1
Denmark 2.6
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 01/31/2019
Security Description % of Portfolio
NIPPON SUISAN KAISHA LTD 1.8
CHARTER HALL GROUP 1.7
MARUI GROUP CO LTD 1.6
GLOBANT SA 1.5
NIHON UNISYS LTD 1.5
WNS HOLDINGS LTD-ADR 1.5
SPARK NEW ZEALAND LTD 1.5
BEACH ENERGY LTD 1.5
ASR NEDERLAND NV 1.5
GREAT CANADIAN GAMING CORP 1.4
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 12/31/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABCAM PLC GB 122,724 13.92 1,708,257 0.80
AIR FRANCE-KLM FR 186,878 10.86 2,029,448 0.95
ALMIRALL SA ES 174,714 15.31 2,674,748 1.26
ALTEN SA FR 31,702 83.38 2,643,165 1.24
AMG ADVANCED METALLURGICAL NL 61,174 32.27 1,973,816 0.93
AMPLIFON SPA IT 158,501 16.15 2,559,146 1.20
ANSELL LTD AU 150,243 15.53 2,333,979 1.10
ASR NEDERLAND NV NL 75,363 39.57 2,982,038 1.40
AZBIL CORP JP 99,100 19.76 1,958,591 0.92
BEACH ENERGY LTD AU 2,568,287 0.94 2,426,544 1.14
BOYD GROUP INCOME FUND CA 28,124 82.74 2,326,843 1.09
BRITVIC PLC GB 271,694 10.18 2,767,155 1.30
CAPCOM CO LTD JP 130,400 19.83 2,585,509 1.22
CAPITAL POWER CORP CA 117,690 19.48 2,292,248 1.08
CHARTER HALL GROUP AU 853,555 5.23 4,462,980 2.10
CLEANAWAY WASTE MANAGEMENT L AU 2,065,294 1.17 2,422,067 1.14
COMFORTDELGRO CORP LTD SG 1,615,600 1.58 2,551,913 1.20
DECHRA PHARMACEUTICALS PLC GB 89,504 26.42 2,364,795 1.11
DEUTSCHE PFANDBRIEFBANK AG DE 166,962 10.00 1,669,477 0.79
DIALOG SEMICONDUCTOR PLC DE 79,859 25.91 2,069,442 0.97
DOMETIC GROUP AB SE 236,269 6.24 1,473,975 0.69
DREYFUS-GOV C-IN US 1,071,361 1.00 1,071,361 0.50
ELECTROCOMPONENTS PLC GB 254,374 6.46 1,643,097 0.77
ENERPLUS CORP CA 185,890 7.78 1,446,053 0.68
EURONEXT NV NL 44,786 57.62 2,580,461 1.21
FINNING INTERNATIONAL INC CA 95,530 17.43 1,665,407 0.78
FORBO HOLDING AG-REG CH 2,046 1,407.42 2,879,587 1.35
FUKUOKA FINANCIAL GROUP INC JP 72,700 20.27 1,473,885 0.69
GALENICA AG CH 37,353 44.05 1,645,384 0.77
GLOBANT SA LU 50,093 56.32 2,821,238 1.33
GRAND CITY PROPERTIES LU 119,997 21.74 2,608,139 1.23
GREAT CANADIAN GAMING CORP CA 83,001 35.06 2,910,385 1.37
GREENCORE GROUP PLC IE 1,013,397 2.27 2,301,766 1.08
HEMFOSA FASTIGHETER AB SE 187,590 7.89 1,480,319 0.70
HIKMA PHARMACEUTICALS PLC JO 125,999 21.87 2,755,351 1.30
HOKKAIDO ELECTRIC POWER CO JP 313,700 6.91 2,167,460 1.02
HOMESERVE PLC GB 237,606 11.05 2,624,571 1.23
HUGO BOSS AG -ORD DE 30,007 61.64 1,849,762 0.87
INTERMEDIATE CAPITAL GROUP GB 122,648 11.93 1,462,972 0.69
ISHARES MSCI EAFE SMALL-CAP US 16,366 51.82 848,086 0.40
ITALGAS SPA IT 375,813 5.73 2,155,113 1.01
JAPAN AIRPORT TERMINAL CO JP 61,300 34.57 2,119,110 1.00
KAMIGUMI CO LTD JP 138,000 20.46 2,823,309 1.33
KANDENKO CO LTD JP 280,900 9.69 2,722,660 1.28
KATITAS CO LTD JP 82,800 23.69 1,961,782 0.92
KORIAN FR 63,593 35.59 2,263,313 1.06
KYORITSU MAINTENANCE CO LTD JP 62,300 43.73 2,724,505 1.28
LAGARDERE SCA FR 96,905 25.24 2,445,435 1.15
LEROY SEAFOOD GROUP ASA NO 337,894 7.61 2,571,537 1.21
LION CORP JP 157,100 20.67 3,246,867 1.53
LOOMIS AB-B SE 72,304 32.23 2,330,712 1.10
MARUI GROUP CO LTD JP 171,400 19.38 3,321,718 1.56
MEDIPAL HOLDINGS CORP JP 103,500 21.39 2,214,299 1.04
MELCO INTERNATIONAL DEVELOP. HK 1,225,000 2.03 2,484,044 1.17
MORINAGA & CO LTD JP 63,000 42.91 2,703,198 1.27
NIHON UNISYS LTD JP 140,200 22.29 3,124,848 1.47
NIPPON SUISAN KAISHA LTD JP 682,500 5.58 3,806,640 1.79
ORION CORP/REPUBLIC OF KOREA KR 22,340 107.25 2,395,901 1.13
ORION ENGINEERED CARBONS SA LU 77,324 25.28 1,954,751 0.92
PAGEGROUP PLC GB 359,883 5.74 2,067,326 0.97
PARKLAND FUEL CORP CA 96,496 25.89 2,497,926 1.17
PENNON GROUP PLC GB 292,015 8.84 2,581,401 1.21
PETROFAC LTD GB 267,245 6.07 1,622,217 0.76
PREMIER OIL PLC GB 1,983,198 0.84 1,673,661 0.79
REXEL SA FR 214,668 10.65 2,286,668 1.08
RHEINMETALL AG DE 24,774 88.68 2,196,933 1.03
ROHTO PHARMACEUTICAL CO LTD JP 90,400 27.30 2,467,485 1.16
SARAS SPA IT 970,490 1.94 1,880,290 0.88
SEGA SAMMY HOLDINGS INC JP 177,300 13.94 2,471,695 1.16
SEINO HOLDINGS CO LTD JP 155,200 13.09 2,031,938 0.96
SIMCORP A/S DK 37,281 68.58 2,556,778 1.20
SPARK NEW ZEALAND LTD NZ 1,230,597 2.79 3,432,657 1.61
SSP GROUP PLC GB 302,235 8.25 2,494,910 1.17
ST BARBARA LTD AU 771,860 3.31 2,556,664 1.20
STOREBRAND ASA NO 395,631 7.13 2,822,361 1.33
STROEER SE & CO KGAA DE 43,389 48.47 2,102,987 0.99
STUDIO CITY INTERNATIONA-ADR HK 306 16.72 5,121 0.00
SULZER AG-REG CH 6,785 79.70 540,740 0.25
SUMITOMO BAKELITE CO LTD JP 45,000 34.41 1,548,499 0.73
SUNRISE COMMUNICATIONS GROUP CH 38,962 88.04 3,430,342 1.61
TAG IMMOBILIEN AG DE 117,940 22.78 2,686,298 1.26
TAIYO YUDEN CO LTD JP 91,200 14.83 1,352,892 0.64
TAKARA BIO INC JP 138,200 23.38 3,230,840 1.52
TECHNOPRO HOLDINGS INC JP 52,400 41.08 2,152,707 1.01
TODA CORP JP 283,500 6.23 1,766,774 0.83
TOPDANMARK A/S DK 63,364 46.67 2,957,138 1.39
UNITED DRUG PLC IE 217,553 7.61 1,656,279 0.78
VALMET OYJ FI 110,729 20.60 2,280,686 1.07
WIZZ AIR HOLDINGS PLC CH 77,320 35.73 2,762,337 1.30
WNS HOLDINGS LTD-ADR IN 86,391 41.26 3,564,493 1.68
WORLEYPARSONS LTD AU 344,700 8.03 2,768,582 1.30
ZENKOKU HOSHO CO LTD JP 73,200 31.36 2,295,579 1.08
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 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
David Dineen, CFA

David Dineen, CFA

Investment Experience since 1990

Career Summary 
Copper Rock Capital Partners LLC
Granahan Investments Management
Pinnacle Associates
Morgan Stanley Investment Management

Education 
MBA - New York University
BA - Binghamton 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 1.55% for Class A Shares, 2.30% for Class C Shares, 1.30% for Class Y Shares and 1.18% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2019.

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 International Small Cap Fund for Your Portfolio

Touchstone International Small Cap Fund invests primarily in equity securities of non-U.S. small-cap companies, including those 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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