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Touchstone International Small Cap Fund

Daily NAV
$
Overall Morningstar Rating™
Foreign Small/Mid Growth
Active Share
94 %

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 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 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

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 $201,484,411
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 07/31/2019
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 -0.97% -1.28% 12.18% -7.24% 6.17% 4.25% 8.61% --
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 06/30/2019
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 -5.74% 8.57% 3.91% 9.54% --
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 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 06/30/2019
Number of Holdings
86
Active Share
94%
Weighted Average Market Capitalization
$3.4 B
Median Market Capitalization
$3.4 B
Price To Earnings Ratio
(Weighted Harmonic Average)
16.3x
Price to Book Ratio
(Weighted Harmonic Average)
2.1x
as of 06/30/2019
Composition % of Portfolio
Equities Non-U.S. Developed Markets 91.2
Equities Emerging Markets 4.9
Cash Equivalents 4.0
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
Japan 23.1
United Kingdom 15.4
Germany 8.4
Canada 6.8
Australia 6.8
France 6.2
Cash & ETFs 3.9
Italy 3.7
Sweden 3.5
Netherlands 3.3
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
ISHARES MSCI EAFE SMALL-CAP ET 3.3
MARUI GROUP CO LTD 1.9
NIHON UNISYS LTD 1.7
DECHRA PHARMACEUTICALS PLC 1.6
PREMIUM BRANDS HOLDINGS CORP 1.6
BRITVIC PLC 1.6
STROEER SE & CO KGAA 1.6
ALTEN SA 1.6
WNS HOLDINGS LTD 1.5
UDG HEALTHCARE PLC 1.5
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
ABCAM PLC GB 106,554 18.72 1,994,591 0.99
ADVANTEST CORP JP 59,800 27.53 1,646,347 0.82
ALMIRALL SA ES 138,915 18.47 2,565,274 1.28
ALTEN SA FR 23,559 119.85 2,823,554 1.41
AMG ADVANCED METALLURGICAL GRO NL 67,354 31.03 2,089,756 1.04
AMPLIFON SPA IT 90,235 23.43 2,114,289 1.05
ANSELL LTD AU 143,222 18.88 2,704,313 1.35
ARUHI CORP JP 132,800 19.66 2,611,023 1.30
ASR NEDERLAND NV NL 59,309 40.63 2,409,806 1.20
AZBIL CORP JP 82,600 24.49 2,022,631 1.01
BADGER DAYLIGHTING LTD CA 59,461 36.49 2,169,483 1.08
BEACH ENERGY LTD AU 1,172,364 1.41 1,648,823 0.82
BOYD GROUP INCOME FUND CA 19,193 126.36 2,425,158 1.21
BRITVIC PLC GB 255,712 11.28 2,885,079 1.44
BUZZI UNICEM SPA IT 119,935 20.30 2,435,142 1.21
CAPITAL POWER CORP CA 111,682 23.02 2,571,274 1.28
CHARTER HALL GROUP AU 366,137 7.61 2,788,102 1.39
CHIPBOND TECHNOLOGY CORP TW 973,000 1.95 1,897,320 0.95
CLEANAWAY WASTE MANAGEMENT LTD AU 1,883,704 1.64 3,087,319 1.54
COLLIERS INTERNATIONAL GROUP I CA 28,474 71.50 2,035,830 1.01
COMFORTDELGRO CORP LTD SG 1,434,700 1.97 2,821,470 1.41
DECHRA PHARMACEUTICALS PLC GB 84,902 34.90 2,963,282 1.48
DFDS A/S DK 46,223 42.47 1,963,125 0.98
DIALOG SEMICONDUCTOR PLC GB 58,246 40.24 2,343,783 1.17
DIGITAL GARAGE INC JP 57,200 31.77 1,817,366 0.91
DOMETIC GROUP AB SE 240,806 10.03 2,414,591 1.20
DREYFUS GOVERNMENT CASH MANAGE 12/01/2099 US 4,631,580 1.00 4,631,580 2.31
DUERR AG DE 12,343 34.16 421,692 0.21
ELECTROCOMPONENTS PLC GB 192,576 8.03 1,547,108 0.77
EUROMONEY INSTITUTIONAL INVEST GB 127,323 16.53 2,105,254 1.05
EURONEXT NV NL 27,705 75.67 2,096,548 1.05
EVOTEC SE DE 93,945 28.00 2,630,244 1.31
FORBO HOLDING AG CH 1,198 1,765.92 2,115,577 1.05
FUJI MEDIA HOLDINGS INC JP 145,800 13.97 2,036,497 1.02
GLOBANT SA LU 24,613 101.05 2,487,144 1.24
GMO INTERNET INC JP 127,200 18.18 2,312,386 1.15
GRAND CITY PROPERTIES SA LU 84,099 22.87 1,923,423 0.96
GREENCORE GROUP PLC IE 1,052,197 2.78 2,926,360 1.46
HEMFOSA FASTIGHETER AB SE 214,008 9.46 2,023,897 1.01
HOMESERVE PLC GB 113,183 15.07 1,706,155 0.85
HUGO BOSS AG DE 35,246 66.65 2,348,999 1.17
HUHTAMAKI OYJ FI 56,388 41.12 2,318,536 1.16
INTERMEDIATE CAPITAL GROUP PLC GB 134,269 17.54 2,355,160 1.17
ISHARES MSCI EAFE SMALL-CAP ET US 68,771 57.40 3,947,455 1.97
ITALGAS SPA IT 428,290 6.72 2,877,247 1.43
JAPAN AIRPORT TERMINAL CO LTD JP 52,900 42.77 2,262,474 1.13
KAMIGUMI CO LTD JP 85,400 23.71 2,025,150 1.01
KORIAN SA FR 61,643 38.05 2,345,354 1.17
KYORITSU MAINTENANCE CO LTD JP 50,600 46.82 2,369,227 1.18
LAGARDERE SCA FR 98,068 26.04 2,553,651 1.27
LEROY SEAFOOD GROUP ASA NO 352,012 6.62 2,332,050 1.16
LI NING CO LTD KY 772,000 2.36 1,825,646 0.91
LOOMIS AB SE 76,008 34.38 2,613,006 1.30
MARUI GROUP CO LTD JP 161,800 20.39 3,299,609 1.64
MERITZ SECURITIES CO LTD KR 413,238 4.64 1,919,482 0.96
MORINAGA & CO LTD/JAPAN JP 53,200 48.77 2,594,634 1.29
MORINAGA MILK INDUSTRY CO LTD JP 65,600 39.60 2,597,545 1.29
NIHON UNISYS LTD JP 95,800 33.64 3,222,702 1.61
NIPPON SUISAN KAISHA LTD JP 403,500 6.21 2,504,333 1.25
OC OERLIKON CORP AG CH 191,043 12.22 2,334,515 1.16
PAGEGROUP PLC GB 250,623 6.51 1,631,319 0.81
PARKLAND FUEL CORP CA 53,029 31.73 1,682,528 0.84
PREMIUM BRANDS HOLDINGS CORP CA 38,451 68.35 2,628,192 1.31
REGIS RESOURCES LTD AU 401,329 3.71 1,490,242 0.74
REXEL SA FR 175,989 12.69 2,233,716 1.11
RHEINMETALL AG DE 23,884 122.56 2,927,249 1.46
ROHTO PHARMACEUTICAL CO LTD JP 75,200 27.23 2,047,431 1.02
SEINO HOLDINGS CO LTD JP 142,400 13.36 1,901,853 0.95
SHIP HEALTHCARE HOLDINGS INC JP 58,700 43.26 2,539,413 1.27
SIMCORP A/S DK 15,594 96.80 1,509,532 0.75
SOITEC FR 22,684 109.40 2,481,622 1.24
SPECTRIS PLC GB 73,095 36.53 2,669,946 1.33
SSP GROUP PLC GB 263,639 8.72 2,297,760 1.15
STOREBRAND ASA NO 358,378 7.36 2,637,670 1.31
STROEER SE & CO KGAA DE 37,522 75.11 2,818,107 1.40
SUMITOMO BAKELITE CO LTD JP 50,800 35.80 1,818,597 0.91
SUNRISE COMMUNICATIONS GROUP A CH 19,829 74.69 1,480,993 0.74
TAG IMMOBILIEN AG DE 74,293 23.10 1,716,032 0.86
TECHNOPRO HOLDINGS INC JP 42,500 53.38 2,268,713 1.13
TOPDANMARK A/S DK 53,805 56.44 3,036,577 1.51
UDG HEALTHCARE PLC IE 280,811 10.14 2,848,684 1.42
WIZZ AIR HOLDINGS PLC JE 64,033 43.31 2,773,199 1.38
WNS HOLDINGS LTD JE 45,205 59.20 2,676,136 1.33
WORLEYPARSONS LTD AU 174,734 10.40 1,816,410 0.91
XINYI GLASS HOLDINGS LTD KY 1,388,000 1.05 1,458,031 0.73
ZENKOKU HOSHO CO LTD JP 61,600 38.46 2,368,905 1.18
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

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 1.55% 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 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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