Touchstone Sands Capital Emerging Markets Growth Fund

Touchstone Sands Capital Emerging Markets Growth Fund

Daily NAV
$
Overall Morningstar RatingTM
Diversified Emerging Mkts

Morningstar

Overall Morningstar RatingTM is calculated against 708 funds in the Diversified Emerging Mkts 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
85 %

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 Sands Capital Management, LLC

Objective

The fund seeks long-term capital appreciation by investing primarily in companies located in emerging market countries and opportunistically, in frontier market countries.

Sands Capital Emerging Markets Growth Fund Commentary

Investment Style

  • Seeks to identify leading growth businesses that meet the following criteria:
    - Sustainable, above-average earnings growth
    - Leadership position in a promising business space
    - Significant competitive advantages / distinctive business franchise
    - Clear mission and value-added focus
    - Financial strength
    - Rational valuation relative to the market and business prospects
  • Concentrated, conviction-weighted portfolio typically holds 30-50 companies within global emerging markets
  • Country and sector exposures are primarily a by-product of individual stock selection
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign, emerging and frontier market securities, 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 risks associated with investing in foreign markets are magnified in emerging markets and further magnified in frontier markets due to their smaller economies. 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 growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. 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 derivatives including options and equity-related securities such as in low-exercise-price options (“LEPOs”), low exercise price warrants (“LEPWs”) and participatory notes (“P-notes”) which are offshore derivative instruments used to gain exposure to issuers in certain emerging and frontier market countries. The risks of investing in LEPOs, LEPWs and P-notes are similar to the risks of investing in foreign securities and depositary receipts. These securities may lack a liquid market, are subject to correlation, liquidity, counterparty and leverage risks which could result in increased volatility of returns as well as losses. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers and may be subject to greater risks. 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 $687,135,618
Asset Class International / Global Equity
Morningstar Category Diversified Emerging Mkts
Benchmark MSCI Emerging Markets Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 07/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Sands Capital Emerging Markets Growth 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 Sands Capital Emerging Markets Growth Fund -
Including Sales Charge
Touchstone Sands Capital Emerging Markets Growth Fund -
Excluding Sales Charge
MSCI Emerging Markets Index -0.53% -1.09% -7.68% -0.81% 12.36% 3.61% 5.40% --
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.
as of 09/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Sands Capital Emerging Markets Growth Fund -
Including Sales Charge
Touchstone Sands Capital Emerging Markets Growth Fund -
Excluding Sales Charge
MSCI Emerging Markets Index -0.81% 12.36% 3.61% 5.40% --
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.

Consider Touchstone Sands Capital Emerging Markets Growth Fund for Your Portfolio

Touchstone Sands Capital Emerging Markets Growth Fund primarily invests in what are believed to be leading growth businesses in emerging market countries, and opportunistically, in frontier market countries. The fund seeks long-term capital appreciation through a concentrated, conviction-weighted portfolio. 
Contact Us Now

Portfolio

as of 09/30/2018
Number of Holdings
45
Active Share
85%

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
$81.5 B
Median Market Capitalization
$12.8 B
Price Earnings Ratio
(Weighted Harmonic Average)
24.5x
Price to Book Ratio
(Weighted Harmonic Average)
4.7x
as of 09/30/2018
Composition % of Portfolio
Equity 94.6
Cash Equivalents 5.4
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 09/30/2018
Country % of Portfolio
India 30.7
China 28.1
Russia 6.3
South Africa 5.9
Korea 5.1
Taiwan 3.0
Argentina 2.7
Philippines 2.7
Thailand 2.5
Mexico 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
Sector % of Portfolio
Consumer Discretionary 30.5
Communication Services 22.5
Financials 11.7
Consumer Staples 8.5
Industrials 7.9
Health Care 7.5
Information Technology 4.6
Real Estate 1.4
Materials 1.4
Energy 0.0
Utilities 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
Security Description % of Portfolio
Alibaba Group Holding Ltd. 8.9
Naspers Ltd. 6.0
Yandex NV 4.5
Tencent Holdings Ltd. 4.4
Baidu Inc. 4.0
Data may not total due to rounding.
There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.
For the data illustrated for Touchstone Domestic Equity Funds,  Morningstar is the source. For Russell index information,  the Frank Russell Company is the source and owner. For MSCI index information, the MSCI is the source and owner. For the data illustrated for Touchstone Fixed Income Funds,  International/Global Equity Funds and Multi-Asset & Alternative Funds, the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 06/30/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ALIBABA GROUP HOLDING-SP ADR CN 263,743 185.53 48,932,239 7.37
BAIDU INC - SPON ADR CN 132,581 243.00 32,217,183 4.85
CTRIP.COM INTERNATIONAL-ADR CN 571,200 47.63 27,206,256 4.10
DREYFUS-GOV C-IN US 32,677,560 1.00 32,677,560 4.92
GRUPO AEROPORTUARIO SUR-ADR MX 65,185 159.16 10,374,845 1.56
MAGNIT PJSC-SPON GDR REGS RU 270,800 18.00 4,874,400 0.73
MAIL.RU GROUP-GDR REGS RU 331,700 28.88 9,580,620 1.44
MERCADOLIBRE INC AR 53,575 298.93 16,015,175 2.41
EICHER MOTORS LTD IN 26,635 417.00 11,106,689 1.67
INDUSIND BANK LTD IN 605,051 28.23 17,079,169 2.57
BRITANNIA INDUSTRIES LTD IN 103,512 90.68 9,386,112 1.41
HOUSING DEVELOPMENT FINANCE IN 796,269 27.86 22,187,703 3.34
ZEE ENTERTAINMENT ENTERPRISE IN 1,739,497 7.95 13,821,576 2.08
APOLLO HOSPITALS ENTERPRISE IN 950,962 15.31 14,563,700 2.19
INTL CONTAINER TERM SVCS INC PH 4,314,820 1.45 6,249,788 0.94
NASPERS LTD-N SHS ZA 173,800 252.14 43,822,598 6.60
MARUTI SUZUKI INDIA LTD IN 73,430 128.88 9,463,834 1.42
SM PRIME HOLDINGS INC PH 12,395,500 0.67 8,349,909 1.26
SEA LTD-ADR SG 546,200 15.00 8,193,000 1.23
TAIWAN SEMICONDUCTOR-SP ADR TW 393,940 36.56 14,402,446 2.17
LARSEN & TOUBRO LTD IN 624,214 18.62 11,621,667 1.75
BANK CENTRAL ASIA TBK PT ID 6,370,700 1.49 9,514,197 1.43
CP ALL PCL TH 6,969,600 2.22 15,446,642 2.33
ITC LTD IN 1,683,747 3.89 6,543,106 0.98
AMOREPACIFIC CORP KR 41,408 289.47 11,986,550 1.80
NAGACORP LTD KH 11,426,000 0.91 10,362,786 1.56
SUNNY OPTICAL TECH CN 566,200 18.55 10,501,516 1.58
ANTA SPORTS PRODUCTS LTD CN 3,838,000 5.27 20,238,955 3.05
ADANI PORTS AND SPECIAL ECON IN 3,143,186 5.46 17,160,575 2.58
MEDY-TOX INC KR 36,057 687.50 24,789,013 3.73
JUBILANT FOODWORKS LTD IN 1,294,850 20.23 26,198,015 3.94
SANDS CHINA LTD MO 3,041,400 5.33 16,214,884 2.44
HDFC BANK LIMITED IN 599,300 30.80 18,461,236 2.78
RAIA DROGASIL SA BR 443,900 16.90 7,503,035 1.13
IHH HEALTHCARE BHD MY 4,511,800 1.51 6,819,523 1.03
ASIAN PAINTS LTD IN 446,213 18.46 8,236,334 1.24
SILOAM INTERNATIONAL HOSPITA ID 6,584,018 0.36 2,399,131 0.36
TENCENT HOLDINGS LTD CN 342,500 50.22 17,198,775 2.59
AVENUE SUPERMARTS LTD IN 264,788 21.69 5,744,386 0.86
BRAZIL REAL BR 0 0.26 0 0.00
EUROPEAN CURRENCY EU 0 1.17 0 0.00
INDIA RUPEE IN 103,761,109 0.01 1,514,429 0.23
CREDICORP LTD PE 47,393 225.12 10,669,112 1.61
YANDEX NV-A NL 775,700 35.90 27,847,630 4.19
MAKEMYTRIP LTD IN 467,100 36.15 16,885,665 2.54
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 Sands Capital Management, LLC
Brian A Christiansen

Brian A. Christiansen, CFA

Investment Experience since 2006

Career Summary 
Sands Capital Management, LLC 

Education 
MBA - Yale School of Management
BA - Yale University
Ashraf A. Haque

Ashraf A. Haque

Investment Experience since 2007

Career Summary 
Chesapeake Partners
McKinsey & Company
GH Smart & Company 

Education 
MBA - Harvard Business School
BA - Northwestern University 
 
Neil Kansari

Neil Kansari

Investment Experience since 2008 

Career Summary 
PRTM, part of PricewaterhouseCoopers LLP
University of Virginia Department of Electrical Engineering
Millennium Solutions; Universal Impex
Mahajan & Aibara: Shah Gupta & Co.

Education 
MBA - University of Virginia, Darden School of Business
MS - University of Virginia
BE - University of Mumbai

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 1.35% for Class Y Shares and 1.25% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/2019.
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.

Resources

Consider Touchstone Sands Capital Emerging Markets Growth Fund for Your Portfolio

Touchstone Sands Capital Emerging Markets Growth Fund primarily invests in what are believed to be leading growth businesses in emerging market countries, and opportunistically, in frontier market countries. The fund seeks long-term capital appreciation through a concentrated, conviction-weighted portfolio. 
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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