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 110 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 09/30/2018
Total Fund Net Assets as of 09/30/2018 $276,528,183
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 09/30/2018 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 -0.78% -0.27% -2.22% 3.89% 12.22% 7.76% 9.00% --
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.
as of 09/30/2018 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 3.89% 12.22% 7.76% 9.00% --
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 09/30/2018
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 09/30/2018
Composition % of Portfolio
Equities Non-U.S. Developed Markets 95.8
Equities Emerging Markets 2.4
Cash Equivalents 1.8
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 09/30/2018
Country % of Portfolio
Japan 28.7
United Kingdom 18.1
Australia 7.7
Germany 6.7
Canada 5.6
Switzerland 4.8
Netherlands 4.1
Sweden 2.5
Norway 2.4
France 2.3
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 09/30/2018
Security Description % of Portfolio
ASR Nederland NV 1.8
Nippon Suisan Kaisha Ltd. 1.7
Marui Group Co. Ltd. 1.6
Charter Hall Group 1.6
WNS Holdings Ltd. ADR 1.6
Beach Energy Ltd. 1.6
Amer Sports Oyj 1.5
Lion Corp. 1.5
Finning International Inc. 1.5
Premier Oil PLC 1.5
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ABCAM PLC GB 168,531 18.66 3,145,595 1.12
ALMIRALL SA ES 145,619 20.07 2,921,874 1.04
ALTEN SA FR 28,277 102.87 2,908,932 1.03
AMER SPORTS OYJ FI 106,348 40.86 4,345,773 1.54
AMG ADVANCED METALLURGICAL NL 68,566 46.44 3,184,210 1.13
ANSELL LTD AU 141,858 18.24 2,587,617 0.92
ASR NEDERLAND NV NL 106,847 47.67 5,092,961 1.81
AZBIL CORP JP 110,800 21.74 2,409,262 0.86
BEACH ENERGY LTD AU 2,812,833 1.55 4,354,727 1.55
BLUESCOPE STEEL LTD AU 205,377 12.26 2,518,904 0.89
BRITVIC PLC GB 307,522 10.18 3,130,427 1.11
CAPCOM CO LTD JP 135,100 25.36 3,426,272 1.22
CAPITAL POWER CORP CA 97,187 22.07 2,145,164 0.76
CHARTER HALL GROUP AU 853,555 5.18 4,418,043 1.57
COMFORTDELGRO CORP LTD SG 1,878,300 1.78 3,338,193 1.18
COSMO ENERGY HOLDINGS CO LTD JP 80,000 41.18 3,294,115 1.17
DECHRA PHARMACEUTICALS PLC GB 82,270 28.37 2,334,078 0.83
DEUTSCHE PFANDBRIEFBANK AG DE 212,265 14.95 3,173,059 1.13
DOMETIC GROUP AB SE 236,269 8.75 2,067,004 0.73
ELECTROCOMPONENTS PLC GB 404,614 9.36 3,785,223 1.34
ENCE ENERGIA Y CELULOSA SA ES 320,229 10.14 3,245,676 1.15
ENERPLUS CORP CA 251,332 12.35 3,103,585 1.10
EURONEXT NV NL 49,568 65.71 3,256,878 1.16
FINNING INTERNATIONAL INC CA 176,333 24.43 4,307,131 1.53
FORBO HOLDING AG-REG CH 1,937 1,603.77 3,106,493 1.10
FUKUOKA FINANCIAL GROUP INC JP 84,800 27.50 2,332,048 0.83
GALENICA AG CH 59,166 57.05 3,375,236 1.20
GETINGE AB-B SHS SE 205,453 11.52 2,367,215 0.84
GLOBANT SA LU 56,255 58.99 3,318,482 1.18
GRAND CITY PROPERTIES LU 165,646 25.95 4,297,930 1.53
GREAT CANADIAN GAMING CORP CA 73,564 35.85 2,636,947 0.94
GREENCORE GROUP PLC IE 1,013,397 2.41 2,444,928 0.87
HEMFOSA FASTIGHETER AB SE 187,590 13.80 2,589,526 0.92
HIKMA PHARMACEUTICALS PLC JO 161,983 24.08 3,900,249 1.38
HOMESERVE PLC GB 306,954 13.34 4,094,743 1.45
IG GROUP HOLDINGS PLC GB 283,292 8.26 2,341,012 0.83
INTERMEDIATE CAPITAL GROUP GB 287,631 14.18 4,079,578 1.45
INTERPUMP GROUP SPA IT 68,302 32.71 2,234,375 0.79
ISHARES MSCI EAFE SMALL-CAP US 51,935 62.28 3,234,512 1.15
JAPAN AIRPORT TERMINAL CO JP 65,200 45.49 2,965,969 1.05
KAMIGUMI CO LTD JP 140,100 22.04 3,088,183 1.10
KANDENKO CO LTD JP 306,600 10.33 3,167,327 1.12
KATITAS CO LTD JP 67,700 30.45 2,061,779 0.73
LEROY SEAFOOD GROUP ASA NO 376,747 8.16 3,074,617 1.09
LION CORP JP 194,700 22.21 4,324,216 1.53
MARUI GROUP CO LTD JP 182,300 24.67 4,498,046 1.60
MEDIPAL HOLDINGS CORP JP 144,400 20.89 3,016,772 1.07
MELCO INTERNATIONAL DEVELOP. HK 971,000 1.99 1,933,033 0.69
NIHON UNISYS LTD JP 155,900 25.79 4,021,403 1.43
NIPPON SUISAN KAISHA LTD JP 734,200 6.52 4,784,631 1.70
OPEN HOUSE CO LTD JP 62,800 49.26 3,093,839 1.10
ORION CORP/REPUBLIC OF KOREA KR 25,140 95.11 2,391,048 0.85
ORION ENGINEERED CARBONS SA LU 84,984 32.10 2,727,986 0.97
PAGEGROUP PLC GB 435,332 7.45 3,243,993 1.15
PARKLAND FUEL CORP CA 112,264 33.61 3,772,988 1.34
PENNON GROUP PLC GB 304,105 9.29 2,826,300 1.00
PETROFAC LTD GB 378,487 8.41 3,182,627 1.13
PIGEON CORP JP 49,900 56.35 2,812,090 1.00
PREMIER OIL PLC GB 2,401,341 1.79 4,304,905 1.53
REXEL SA FR 242,451 15.02 3,641,748 1.29
RHEINMETALL AG DE 21,891 104.53 2,288,264 0.81
ROHTO PHARMACEUTICAL CO LTD JP 100,500 35.14 3,531,458 1.25
SARAS SPA IT 1,383,868 2.14 2,961,219 1.05
SEGA SAMMY HOLDINGS INC JP 180,800 14.75 2,665,957 0.95
SEINO HOLDINGS CO LTD JP 173,300 15.11 2,618,536 0.93
SEVEN GROUP HOLDINGS LTD AU 140,621 16.34 2,297,228 0.82
SIMCORP A/S DK 37,281 86.51 3,225,017 1.14
SOFTWARE AG DE 82,753 45.53 3,767,671 1.34
SPARK NEW ZEALAND LTD NZ 1,154,250 2.68 3,098,079 1.10
SSP GROUP PLC GB 376,215 9.44 3,552,945 1.26
ST BARBARA LTD AU 924,750 2.52 2,334,265 0.83
STOREBRAND ASA NO 429,116 8.93 3,833,660 1.36
STROEER SE & CO KGAA DE 42,578 57.13 2,432,403 0.86
SULZER AG-REG CH 30,149 119.89 3,614,491 1.28
SUMITOMO BAKELITE CO LTD JP 88,600 44.99 3,985,738 1.41
SUNRISE COMMUNICATIONS GROUP CH 38,962 90.62 3,530,684 1.25
TAG IMMOBILIEN AG DE 130,640 23.83 3,112,674 1.10
TAIYO YUDEN CO LTD JP 91,200 22.48 2,049,859 0.73
TAKARA BIO INC JP 151,900 27.75 4,215,137 1.50
TECHNOPRO HOLDINGS INC JP 56,400 62.07 3,500,661 1.24
TODA CORP JP 324,300 7.22 2,341,625 0.83
TOKAI CARBON CO LTD JP 198,700 19.62 3,897,603 1.38
TOPDANMARK A/S DK 68,426 45.70 3,127,343 1.11
UNITED DRUG PLC IE 251,662 8.85 2,228,449 0.79
WIZZ AIR HOLDINGS PLC CH 71,243 37.42 2,666,184 0.95
WNS HOLDINGS LTD-ADR IN 86,391 50.75 4,384,343 1.56
WORLEYPARSONS LTD AU 221,971 14.77 3,278,502 1.16
ZENKOKU HOSHO CO LTD JP 86,400 39.96 3,452,497 1.23
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 10/29/2019.
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.

Ready to Continue?

You have clicked a link to access information on a new website, so you will be leaving westernsouthern.com

Because this new site is independent, Western & Southern Financial Group neither manages nor assumes responsibility for its content. 

Are you ready to move forward?