Touchstone International Value Fund

Touchstone International Value Fund

Daily NAV
$
Overall Morningstar RatingTM
Foreign Large Value

Morningstar

Overall Morningstar RatingTM is calculated against 276 funds in the Foreign Large Value 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
94 %

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 Barrow, Hanley, Mewhinney & Strauss, LLC

Objective

The fund seeks long-term capital growth by investing primarily in equity securities of non-U.S. companies.

International Value Fund Commentary

Investment Style

  • Stock selection is driven by fundamental securities analysis on individual companies rather than by broad market themes
  • Utilizes traditional methods of stock selection, research and analysis, to identify securities of companies that have price-to-earnings, price-to-book  and enterprise value/free cash flow ratios at or below the market, and dividend yields at or above the market
  • Focuses on companies that are out of favor due to internal or external challenges judged to be short-term in nature
  • Seeks to identify the reasons for a temporary undervaluation of a company's shares and believes that value can be added through individual stock selection
  • Utilizes risk management tools in an effort to prevent overexposure to particular market segments
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign securities, 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 large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in stocks of small- and mid-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. The Fund invests in value stocks which may not appreciate in value as anticipated or may experience a decline in value. The Fund may focus its investments in specific sectors and therefore be susceptible to positive or negative developments in the sector which may increase the Fund’s volatility and magnify its effects on total return. Dividend issuing companies may choose not to pay a dividend or the dividend may be less than anticipated. 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 $19,047,601
Asset Class International / Global Equity
Morningstar Category Foreign Large Value
Benchmark MSCI EAFE Value Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 07/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone International Value Fund -
HISTORICAL DAILY NAV
as of 11/30/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone International Value Fund -
Including Sales Charge
Touchstone International Value Fund -
Excluding Sales Charge
MSCI EAFE Value Index -0.56% -5.24% -10.40% -9.02% 3.88% 0.66% 6.61% --
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 C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 08/18/94, 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 Value Fund -
Including Sales Charge
Touchstone International Value Fund -
Excluding Sales Charge
MSCI EAFE Value Index -0.36% 8.12% 3.14% 4.49% --
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 C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 08/18/94, with the performance since the inception date of each share class.

Consider Touchstone International Value Fund for Your Portfolio

Touchstone International Value Fund invests primarily in equity securities of non-U.S. companies believed to be undervalued. It seeks long-term capital growth for its investors.
Contact Us Now

Portfolio

as of 09/30/2018
Number of Holdings
51
Active Share
94%

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
$29.7 B
Median Market Capitalization
$12.8 B
Price Earnings Ratio
(Weighted Harmonic Average)
15.5x
Price to Book Ratio
(Weighted Harmonic Average)
1.6x
as of 09/30/2018
Composition % of Portfolio
Equities Non-U.S. Developed Markets 83.7
Equities Emerging Markets 8.1
Equities U.S. 6.0
Cash Equivalents 2.2
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 09/30/2018
Country % of Portfolio
Japan 20.1
United Kingdom 15.1
France 11.8
Germany 10.8
Netherlands 7.2
Italy 5.9
United States 5.2
Colombia 3.9
Singapore 2.7
Switzerland 2.5
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 09/30/2018
Sector % of Portfolio
Industrials 22.7
Financials 20.7
Energy 19.6
Consumer Staples 7.6
Consumer Discretionary 7.3
Materials 7.2
Utilities 3.9
Communication Services 3.8
Information Technology 3.6
Health Care 3.6
Real Estate 0.0
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 11/30/2018
Security Description % of Portfolio
AIRBUS SE 4.4
COBHAM PLC 3.3
COCA-COLA EUROPEAN PARTNERS 2.9
UNITED OVERSEAS BANK LTD 2.8
SUMITOMO CORP 2.7
SIEMENS AG-REG 2.7
SEIBU HOLDINGS INC 2.7
VOPAK 2.6
JAPAN TOBACCO INC 2.5
LINDE PLC 2.5
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 09/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
AIR LIQUIDE SA FR 3,145 131.32 413,008 2.18
AIRBUS SE FR 6,802 125.54 853,941 4.50
AMP LTD AU 114,088 2.31 263,002 1.39
ARION BANKI HF-SDR IS 229,945 0.77 177,490 0.94
BANK OF IRELAND GROUP PLC IE 42,404 7.65 324,260 1.71
CGG SA FR 69,196 2.80 193,459 1.02
CI FINANCIAL CORP CA 11,300 15.88 179,432 0.95
CIMB GROUP HOLDINGS BHD MY 247,200 1.45 358,891 1.89
CNH INDUSTRIAL NV GB 35,002 12.00 420,039 2.22
COBHAM PLC GB 275,018 1.52 417,897 2.20
COCA-COLA EUROPEAN PARTNERS GB 11,696 45.47 531,817 2.81
CREDIT SUISSE GROUP AG-REG CH 31,148 15.01 467,390 2.47
DEUTSCHE TELEKOM AG-REG DE 22,212 16.10 357,583 1.89
DREYFUS-GOV C-IN US 338,361 1.00 338,361 1.78
ECOPETROL SA-SPONSORED ADR CO 27,200 26.93 732,496 3.86
ELIOR GROUP FR 24,524 15.48 379,750 2.00
ENAGAS SA ES 10,841 26.95 292,199 1.54
ENGIE FR 24,148 14.72 355,513 1.88
ENI SPA IT 24,451 18.85 460,891 2.43
FORTUM OYJ FI 14,806 25.06 371,058 1.96
FUJI ELECTRIC CO LTD JP 6,896 40.06 276,232 1.46
GEA GROUP AG DE 12,219 35.59 434,924 2.29
GLAXOSMITHKLINE PLC GB 15,185 20.05 304,532 1.61
GREENE KING PLC GB 46,523 6.39 297,063 1.57
HITACHI LTD JP 12,144 33.99 412,794 2.18
HUGO BOSS AG -ORD DE 4,415 76.94 339,668 1.79
IMPERIAL BRANDS PLC GB 12,848 34.80 447,087 2.36
INPEX CORP JP 28,200 12.49 352,346 1.86
ITV PLC GB 168,834 2.05 346,511 1.83
JAPAN TOBACCO INC JP 16,900 26.11 441,315 2.33
KONINKLIJKE PHILIPS NV NL 8,042 45.58 366,566 1.93
LINDE AG - TENDER DE 1,667 236.16 393,674 2.08
MEDIATEK INC TW 32,400 8.07 261,438 1.38
NABTESCO CORP JP 3,100 26.59 82,423 0.43
OCEANEERING INTL INC US 20,324 27.60 560,942 2.96
ORIX CORP JP 21,900 16.19 354,597 1.87
RESONA HOLDINGS INC JP 58,400 5.61 327,885 1.73
RPC GROUP PLC GB 32,199 10.36 333,451 1.76
SAMSUNG SECURITIES CO LTD KR 6,620 29.45 194,940 1.03
SCHLUMBERGER LTD US 6,575 60.92 400,549 2.11
SEIBU HOLDINGS INC JP 23,800 17.98 427,906 2.26
SEVEN BANK LTD JP 117,800 3.16 372,054 1.96
SIEMENS AG-REG DE 3,791 127.86 484,731 2.56
SJM HOLDINGS LTD HK 365,000 0.92 336,298 1.77
SNAM SPA IT 50,547 4.16 210,199 1.11
STANDARD LIFE ABERDEEN PLC GB 84,981 3.98 338,619 1.79
SUMITOMO CORP JP 28,830 16.67 480,459 2.53
SUMITOMO OSAKA CEMENT CO LTD JP 5,001 41.45 207,292 1.09
TRAVIS PERKINS PLC GB 23,885 13.88 331,455 1.75
UNITED OVERSEAS BANK LTD SG 25,470 19.77 503,502 2.66
VOPAK NL 9,080 49.27 447,337 2.36
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 Barrow, Hanley, Mewhinney & Strauss, LLC
Wrighton

Randolph S. Wrighton, Jr., CFA

Investment Experience since 2002 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC
University of Texas Investment Management Co.
Perry Capital
Deutsche Bank Securities 

Education 
MBA - University of Texas
BA - Vanderbilt University
TJ Carter

T.J. Carter, CFA, CPA

Investment Experience since 2004 

Career Summary 
Barrow, Hanley, Mewhinney & Strauss, LLC
Kingston Capital Management
Outpoint Capital Management
Highland Capital Management
Deloitte & Touche LLP 

Education 
MBA - Columbia Business School
BSBA - University of Arkansas

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 1.34% for Class A Shares, 2.09% for Class C Shares, 1.09% for Class Y Shares and 0.99% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/2019.

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 Value for Your Portfolio

Touchstone International Value Fund invests primarily in equity securities of non-U.S. companies believed to be undervalued. It seeks long-term capital growth for its investors.
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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