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 108 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 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 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 $315,826,987
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 10/30/2017

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone International Small Cap Fund -
HISTORICAL DAILY NAV
as of 08/31/2018 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 -0.12% -1.49% -1.45% 7.55% 11.25% 9.66% 7.14% --
as of 06/30/2018 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 11.43% 9.31% 10.80% 6.12% --
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 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 06/30/2018
Number of Holdings
88
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
$3.6 B
Median Market Capitalization
$3.4 B
Price Earnings Ratio
(Weighted Harmonic Average)
15.6x
Price to Book Ratio
(Weighted Harmonic Average)
2.2x
as of 06/30/2018
Composition % of Portfolio
Equities Non-U.S. Developed Markets 88.0
Equities Emerging Markets 7.2
Cash Equivalents 4.9
Equities U.S. 0.0
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.
as of 06/30/2018
Country % of Portfolio
Japan 29.5
United Kingdom 15.1
Germany 8.8
Australia 8.2
Netherlands 5.4
France 4.7
Italy 4.1
Canada 4.0
Denmark 3.9
China 2.6
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.
as of 08/31/2018
Security Description % of Portfolio
ISHARES MSCI EAFE SMALL-CAP 2.0
ASR NEDERLAND NV 1.7
SUMITOMO BAKELITE CO LTD 1.6
LION CORP 1.5
MARUI GROUP CO LTD 1.5
GRAND CITY PROPERTIES 1.5
BEACH ENERGY LTD 1.4
HIKMA PHARMACEUTICALS PLC 1.4
WNS HOLDINGS LTD-ADR 1.4
CHARTER HALL GROUP 1.4
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.
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABCAM PLC GB 177,920 17.57 3,125,547 0.99
AEON MALL CO LTD JP 188,900 17.94 3,388,686 1.07
ALTEN SA FR 26,946 102.80 2,769,938 0.88
AMG ADVANCED METALLURGICAL NL 86,564 55.92 4,840,892 1.53
ANSELL LTD AU 153,789 20.09 3,089,763 0.98
ASM INTERNATIONAL NV NL 61,001 55.10 3,361,324 1.06
ASR NEDERLAND NV NL 106,847 40.72 4,350,909 1.37
AURELIUS EQUITY OPPORTUNITIE DE 61,198 59.19 3,622,210 1.14
AZBIL CORP JP 61,300 43.51 2,667,248 0.84
BEACH ENERGY LTD AU 3,060,581 1.29 3,961,541 1.25
BLUESCOPE STEEL LTD AU 313,216 12.76 3,997,442 1.26
BREMBO SPA IT 203,072 13.49 2,738,787 0.87
CANCOM SE DE 30,735 101.61 3,123,022 0.99
CHARTER HALL GROUP AU 936,091 4.83 4,517,331 1.43
CHINA MEDICAL SYSTEM HOLDING CN 2,049,000 1.99 4,081,295 1.29
CHINA TRADITIONAL CHINESE ME HK 4,350,000 0.86 3,753,736 1.19
COSMO ENERGY HOLDINGS CO LTD JP 88,400 35.02 3,095,672 0.98
CTS EVENTIM AG & CO KGAA DE 70,389 49.10 3,455,942 1.09
D.A.CONSORTIUM HOLDINGS INC JP 35,300 27.86 983,571 0.31
DECHRA PHARMACEUTICALS PLC GB 86,593 36.60 3,169,058 1.00
DEUTSCHE PFANDBRIEFBANK AG DE 202,256 13.95 2,821,926 0.89
DOMETIC GROUP AB SE 321,692 9.79 3,148,462 0.99
DOOSAN BOBCAT INC KR 95,510 28.71 2,742,550 0.87
DREYFUS-GOV C-IN US 12,926,625 1.00 12,926,625 4.08
ELECTROCOMPONENTS PLC GB 385,546 9.97 3,843,607 1.21
ENCE ENERGIA Y CELULOSA SA ES 182,897 8.84 1,616,653 0.51
ENERPLUS CORP CA 204,146 12.61 2,574,633 0.81
ERAMET FR 17,792 131.19 2,334,128 0.74
EURONEXT NV NL 50,931 63.37 3,227,382 1.02
FINNING INTERNATIONAL INC CA 187,473 24.68 4,627,467 1.46
FISCHER (GEORG)-REG CH 3,144 1,276.98 4,014,840 1.27
FNAC DARTY SA FR 23,740 94.79 2,250,349 0.71
FUKUOKA FINANCIAL GROUP INC JP 663,000 5.02 3,327,134 1.05
GRAND CITY PROPERTIES LU 157,844 25.93 4,092,176 1.29
HEMFOSA FASTIGHETER AB SE 203,314 11.68 2,374,779 0.75
HIKMA PHARMACEUTICALS PLC JO 154,628 19.72 3,049,969 0.96
IG GROUP HOLDINGS PLC GB 269,942 11.36 3,067,361 0.97
INTERFOR CORP CA 221,832 19.21 4,260,646 1.35
INTERMEDIATE CAPITAL GROUP GB 274,077 14.49 3,970,523 1.25
INTERPUMP GROUP SPA IT 105,713 31.00 3,277,110 1.04
IREN SPA IT 1,151,905 2.55 2,939,095 0.93
ISHARES MSCI EAFE SMALL-CAP US 92,467 62.74 5,801,380 1.83
KAMIGUMI CO LTD JP 171,000 20.76 3,549,249 1.12
KANDENKO CO LTD JP 335,900 10.96 3,680,548 1.16
KINDEN CORP JP 222,100 16.31 3,622,349 1.14
KULICKE & SOFFA INDUSTRIES SG 126,556 23.82 3,014,564 0.95
LEROY SEAFOOD GROUP ASA NO 435,184 6.74 2,932,450 0.93
LION CORP JP 210,100 18.30 3,844,463 1.21
MARUI GROUP CO LTD JP 197,400 21.04 4,152,325 1.31
MELCO INTERNATIONAL DEVELOP. HK 1,583,000 3.07 4,856,014 1.53
MELIA HOTELS INTERNATIONAL ES 285,146 13.68 3,900,420 1.23
NIFCO INC JP 109,500 30.90 3,383,955 1.07
NIHON UNISYS LTD JP 169,500 25.08 4,250,692 1.34
OPEN HOUSE CO LTD JP 62,800 59.09 3,710,853 1.17
ORION CORP/REPUBLIC OF KOREA KR 31,180 133.51 4,162,984 1.32
PAGEGROUP PLC GB 453,887 7.42 3,365,583 1.06
PETROFAC LTD GB 446,770 7.68 3,432,107 1.08
PIGEON CORP JP 79,900 48.60 3,882,912 1.23
PREMIER OIL PLC GB 2,628,085 1.69 4,443,942 1.40
REDROW PLC GB 136,686 7.03 961,485 0.30
RHEINMETALL AG DE 20,860 110.02 2,295,068 0.73
ROHTO PHARMACEUTICAL CO LTD JP 110,200 32.04 3,530,918 1.12
ROUND ONE CORP JP 202,700 15.70 3,181,807 1.01
ROYAL UNIBREW DK 56,069 79.47 4,455,688 1.41
RUBIS FR 59,661 62.33 3,718,819 1.17
SARAS SPA IT 1,318,641 2.42 3,187,061 1.01
SCREEN HOLDINGS CO LTD JP 34,900 70.03 2,444,185 0.77
SEINO HOLDINGS CO LTD JP 227,700 17.70 4,029,194 1.27
SIMCORP A/S DK 39,116 80.77 3,159,244 1.00
SOFTWARE AG DE 84,857 46.48 3,943,925 1.25
SOPRA STERIA GROUP FR 13,003 203.47 2,645,710 0.84
SSP GROUP PLC GB 398,017 8.34 3,320,918 1.05
ST BARBARA LTD AU 1,345,554 3.60 4,838,810 1.53
STROEER SE & CO KGAA DE 45,153 60.37 2,726,110 0.86
SUMITOMO BAKELITE CO LTD JP 484,000 9.63 4,658,828 1.47
TAKARA BIO INC JP 164,900 20.87 3,440,689 1.09
TECHNOPRO HOLDINGS INC JP 56,400 61.40 3,463,239 1.09
TEIJIN LTD JP 220,100 18.32 4,031,729 1.27
TODA CORP JP 400,000 8.68 3,473,660 1.10
TOKAI CARBON CO LTD JP 198,700 17.91 3,559,360 1.12
TOP GLOVE CORP BHD MY 1,251,000 3.00 3,751,027 1.19
TOPDANMARK A/S DK 86,628 43.67 3,783,150 1.20
TULLOW OIL PLC GB 1,020,011 3.22 3,282,023 1.04
UNITED DRUG PLC IE 346,079 10.87 3,760,953 1.19
WIZZ AIR HOLDINGS PLC CH 78,233 47.36 3,704,788 1.17
WNS HOLDINGS LTD-ADR IN 82,323 52.18 4,295,614 1.36
WORLEYPARSONS LTD AU 341,900 12.92 4,416,286 1.40
ZENKOKU HOSHO CO LTD JP 86,400 45.28 3,911,975 1.24
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
Denise Selden

Denise Selden, CFA

Investment Experience since 1974

Career Summary 
Copper Rock Capital Partners LLC
Putnam Investments
Lehman Brothers
State Street Bank and Trust Company 

Education 
MBA - MIT, Sloan School of Management
BA - Brandeis University
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 1.55% 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 10/29/2018.
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.

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
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.

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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