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Touchstone International Small Cap Fund

Touchstone International Small Cap Fund

Daily NAV
$
Overall Morningstar Rating™
Foreign Small/Mid Growth

Morningstar

Overall Morningstar Rating™ is calculated against 113 funds in the Foreign Small/Mid Growth category.

The Morningstar Rating™ 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 Rating™ 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.
©2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
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 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. 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 03/31/2019
Total Fund Net Assets as of 03/31/2019 $208,854,290
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 03/31/2019 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 -0.49% 10.38% 10.38% -9.16% 7.16% 4.06% 12.35% --
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 03/31/2019 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 -9.16% 7.16% 4.06% 12.35% --
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

Morningstar Rating™

Portfolio

as of 03/31/2019
Number of Holdings
91
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
$3.3 B
Median Market Capitalization
$3.2 B
Price To Earnings Ratio
(Weighted Harmonic Average)
15.4x
Price to Book Ratio
(Weighted Harmonic Average)
2.1x
as of 03/31/2019
Composition % of Portfolio
Equities Non-U.S. Developed Markets 92.5
Emerging Markets 5.7
Cash Equivalents 1.8
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 03/31/2019
Country % of Portfolio
Japan 27.5
United Kingdom 15.1
France 7.3
Australia 7.3
Germany 7.0
Canada 4.7
Italy 4.0
Denmark 3.1
Netherlands 3.1
Sweden 2.9
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 03/31/2019
Security Description % of Portfolio
Nippon Suisan Kaisha Ltd. 1.9
Marui Group Co. Ltd. 1.7
Nihon Unisys Ltd. 1.6
Charter Hall Group 1.5
Cleanaway Waste Management Ltd. 1.5
Britvic PLC 1.5
Alten SA 1.5
Beach Energy Ltd. 1.4
Dechra Pharmaceuticals PLC 1.4
Takara Bio Inc. 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 03/31/2019
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABCAM PLC GB 105,425 14.78 1,558,485 0.75
ADVANTEST CORP JP 81,800 23.36 1,910,647 0.92
AIR FRANCE-KLM FR 210,203 11.25 2,363,858 1.14
ALMIRALL SA ES 153,937 17.08 2,628,554 1.26
ALTEN SA FR 28,057 107.02 3,002,532 1.44
AMG ADVANCED METALLURGICAL NL 61,174 31.18 1,907,313 0.92
AMPLIFON SPA IT 140,540 19.52 2,742,687 1.32
ANSELL LTD AU 151,582 18.07 2,738,651 1.32
ARUHI CORP JP 117,100 19.95 2,335,702 1.12
ASR NEDERLAND NV NL 61,127 41.67 2,546,951 1.23
AZBIL CORP JP 94,900 23.44 2,224,795 1.07
BEACH ENERGY LTD AU 1,992,229 1.46 2,907,145 1.40
BOYD GROUP INCOME FUND CA 27,366 102.90 2,815,953 1.35
BRITVIC PLC GB 249,263 12.41 3,093,533 1.49
BUZZI UNICEM SPA IT 73,750 20.49 1,510,985 0.73
CAPITAL POWER CORP CA 111,682 23.42 2,615,817 1.26
CHARTER HALL GROUP AU 429,607 7.30 3,134,370 1.51
CHIPBOND TECHNOLOGY CORP TW 952,000 2.31 2,202,591 1.06
CLEANAWAY WASTE MANAGEMENT L AU 1,973,535 1.58 3,116,983 1.50
COMFORTDELGRO CORP LTD SG 1,488,400 1.90 2,828,921 1.36
DECHRA PHARMACEUTICALS PLC GB 81,861 35.19 2,880,372 1.39
DFDS A/S DK 32,838 41.40 1,359,487 0.65
DIALOG SEMICONDUCTOR PLC DE 76,793 30.50 2,341,996 1.13
DOMETIC GROUP AB SE 195,310 7.87 1,536,465 0.74
DREYFUS-GOV C-IN US 935,975 1.00 935,975 0.45
ELECTROCOMPONENTS PLC GB 235,758 7.32 1,726,589 0.83
EURONEXT NV NL 31,224 63.44 1,980,974 0.95
FORBO HOLDING AG-REG CH 1,198 1,569.63 1,880,411 0.90
FUJI MEDIA HOLDINGS INC JP 145,800 13.81 2,014,034 0.97
GLOBANT SA LU 30,031 71.40 2,144,213 1.03
GMO INTERNET INC JP 149,200 16.36 2,441,076 1.17
GRAND CITY PROPERTIES LU 108,098 24.15 2,610,578 1.26
GREAT CANADIAN GAMING CORP CA 70,830 37.51 2,657,019 1.28
GREENCORE GROUP PLC IE 987,379 2.63 2,597,756 1.25
HEMFOSA FASTIGHETER AB SE 214,008 8.78 1,879,450 0.90
HOKKAIDO ELECTRIC POWER CO JP 290,800 5.76 1,673,940 0.81
HOMESERVE PLC GB 207,245 13.36 2,768,597 1.33
HUGO BOSS AG -ORD DE 31,924 68.29 2,180,168 1.05
INTERMEDIATE CAPITAL GROUP GB 140,597 13.89 1,952,930 0.94
ISHARES MSCI EAFE SMALL-CAP US 40,270 57.44 2,313,109 1.11
ITALGAS SPA IT 439,357 6.17 2,712,651 1.31
JAPAN AIRPORT TERMINAL CO JP 57,200 42.37 2,423,563 1.17
KAMIGUMI CO LTD JP 116,800 23.19 2,708,982 1.30
KANDENKO CO LTD JP 96,800 8.56 828,526 0.40
KATITAS CO LTD JP 77,100 34.43 2,654,698 1.28
KORIAN FR 59,157 40.50 2,395,581 1.15
KYORITSU MAINTENANCE CO LTD JP 53,500 49.72 2,660,125 1.28
LAGARDERE SCA FR 98,068 25.71 2,521,390 1.21
LEROY SEAFOOD GROUP ASA NO 303,761 7.27 2,206,842 1.06
LI NING CO LTD CN 1,189,000 1.57 1,869,389 0.90
LION CORP JP 120,000 21.07 2,528,901 1.22
LOOMIS AB-B SE 76,008 34.48 2,621,104 1.26
MARUI GROUP CO LTD JP 173,400 20.22 3,506,002 1.69
MEDIPAL HOLDINGS CORP JP 91,100 23.79 2,167,619 1.04
MERITZ SECURITIES CO LTD KR 396,062 4.31 1,705,953 0.82
MORINAGA & CO LTD JP 56,300 43.49 2,448,457 1.18
NIHON UNISYS LTD JP 127,400 26.55 3,382,323 1.63
NIPPON SUISAN KAISHA LTD JP 522,500 7.65 3,994,724 1.92
ORION CORP/REPUBLIC OF KOREA KR 19,515 88.16 1,720,497 0.83
PAGEGROUP PLC GB 250,623 6.13 1,535,374 0.74
PARKLAND FUEL CORP CA 53,029 30.55 1,620,215 0.78
PENNON GROUP PLC GB 260,846 9.69 2,526,310 1.22
PREMIER OIL PLC GB 1,532,886 1.22 1,873,827 0.90
REXEL SA FR 146,156 11.29 1,649,420 0.79
RHEINMETALL AG DE 24,952 104.40 2,604,870 1.25
ROHTO PHARMACEUTICAL CO LTD JP 81,500 25.77 2,100,393 1.01
S.O.I.T.E.C. FR 23,839 82.05 1,955,895 0.94
SARAS SPA IT 692,565 1.85 1,282,643 0.62
SEINO HOLDINGS CO LTD JP 150,700 13.36 2,013,906 0.97
SIMCORP A/S DK 24,104 96.62 2,328,822 1.12
SOCIETE BIC SA FR 14,404 89.12 1,283,734 0.62
SPARK NEW ZEALAND LTD NZ 1,066,204 2.59 2,761,871 1.33
SPECTRIS PLC GB 66,175 32.72 2,165,526 1.04
SSP GROUP PLC GB 286,818 9.02 2,588,216 1.25
ST BARBARA LTD AU 578,952 2.39 1,385,368 0.67
STOREBRAND ASA NO 365,240 7.79 2,845,409 1.37
STROEER SE & CO KGAA DE 38,998 58.56 2,283,552 1.10
SUMITOMO BAKELITE CO LTD JP 53,600 35.91 1,924,616 0.93
SUNRISE COMMUNICATIONS GROUP CH 33,470 73.65 2,465,014 1.19
TAG IMMOBILIEN AG DE 106,787 24.70 2,637,420 1.27
TAKARA BIO INC JP 123,400 23.28 2,873,189 1.38
TECHNOPRO HOLDINGS INC JP 46,600 59.92 2,792,055 1.34
TODA CORP JP 248,400 6.16 1,531,300 0.74
TOPDANMARK A/S DK 55,786 49.96 2,787,112 1.34
UNITED DRUG PLC IE 200,334 7.38 1,477,627 0.71
VALMET OYJ FI 86,478 25.34 2,191,034 1.05
WIZZ AIR HOLDINGS PLC CH 66,857 39.24 2,623,449 1.26
WNS HOLDINGS LTD-ADR IN 52,413 53.27 2,792,041 1.34
WORLEYPARSONS LTD AU 185,121 10.04 1,857,996 0.89
XINYI GLASS HOLDINGS LTD HK 1,388,000 1.15 1,593,844 0.77
ZENKOKU HOSHO CO LTD JP 68,000 35.00 2,379,790 1.14
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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