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Touchstone Sands Capital International Growth Fund

Daily NAV
$
as of
Contact Us
Fact Sheet
Summary Prospectus

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 in foreign countries.

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 advantage/unique business franchise
    - Clear mission and value-added focus
    - Financial strength
    - Rational stock market valuation relative to the market and business prospects 
  • Concentrated, conviction-weighted portfolio will typically hold 25-40 issuers
  • 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 preferred stocks which are relegated below bonds for payment should the issuer be liquidated. If interest rates rise, the fixed dividend on preferred stocks may be less attractive, causing their price to decline. The Fund invests in foreign, emerging and frontier markets securities, and 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 accounting standards that differ from those of U.S. markets and may offer less protection to investors. The risks associated with investing in foreign markets are magnified in emerging markets, and in frontier markets due to their smaller and less developed economies. 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 Adviser engages a sub-adviser to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-adviser who achieves superior investment returns relative to other similar sub-advisers. Events in the U.S. and global financial markets, including actions taken to stimulate or stabilize economic growth may at times result in unusually high market volatility, which could negatively impact Fund performance and cause it to experience illiquidity, shareholder redemptions, or other potentially adverse effects. Financial institutions could suffer losses if interest rates rise or economic conditions deteriorate. 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. The sub-adviser considers ESG factors that it deems relevant or additive along with other material factors. The ESG criteria may cause the Fund to forgo opportunities to buy certain securities and/or gain exposure to certain industries, sectors, regions and countries. The Fund may be required to sell a security when it could be disadvantageous to do so. Current and future portfolio holdings are subject to change.

Fund Facts

Fund Facts
Fund Facts for Share Class
Symbol
CUSIP
Inception Date
Total Share Class Net Assets as of 12/31/2022
Total Fund Net Assets as of 12/31/2022 $19,584,982
Asset Class International Equity
Morningstar Category Foreign Large Growth
Benchmark MSCI All Country World Ex-U.S. Index
Distribution Frequency Annually
Fiscal Year End
Prospectus Date 04/29/2022

Performance

Performance
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 R6 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 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 R6 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. The maximum front-end sales charge for Class A Shares of Touchstone U.S. Equity, International Equity, and Multi-Asset Funds 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 Y Shares combines the performance of an older class of shares (INST Shares) from the Fund's inception, 03/28/12, with the performance since the inception date of each share class.
Effective September 12, 2020, the Fund changed its name, principal investment strategies, and sub-advisor. Prior to September 12, 2020, the performance history is that of the Touchstone International Growth Opportunities Fund.
 
HISTORICAL DAILY NAV
Historical Daily NAV on
NAV POP
Touchstone Sands Capital International Growth Fund -

Consider Touchstone Sands Capital International Growth Fund for Your Portfolio

Touchstone Sands Capital International Growth Fund seeks long-term capital appreciation by investing primarily in companies in foreign countries.
Contact Us

Portfolio

Portfolio
as of 12/31/2022
Number of Holdings
34
Benchmark Holdings 2261
Weighted Average Market Capitalization
$69.7 B
Median Market Capitalization
$30.6 B
Price To Earnings Ratio
(Weighted Harmonic Average)
32.1x
Price to Book Ratio
(Weighted Harmonic Average)
5.6x
as of 12/31/2022
Composition % of Portfolio
Equities Non-U.S. Developed Markets 73.4
Equities Emerging Markets 18.0
Equities U.S. 5.4
Cash Equivalents 3.2
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 Equity Funds and Multi-Asset Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2022
Country % of Portfolio
Japan 16.9
Netherlands 10.8
Switzerland 8.8
India 7.7
United Kingdom 6.2
Germany 6.0
United States 5.4
Taiwan 4.7
Argentina 4.0
Denmark 3.8
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2022
Sector % of Portfolio
Information Technology 30.9
Consumer Discretionary 15.8
Health Care 13.9
Industrials 12.7
Financials 11.4
Communication Services 8.1
Consumer Staples 3.7
Materials 3.5
Real Estate 0.0
Energy 0.0
Utilities 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 details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2022
Security Description % of Portfolio
ASML Holding NV 6.8
Taiwan Semiconductor Mfg. Co. Ltd. 4.8
Keyence Corp. 4.8
HDFC Bank Ltd. 4.7
Adyen NV 4.5
Mercadolibre Inc. 4.1
Genmab A/S 3.9
Entain PLC 3.8
Hexagon AB 3.8
Shopify Inc. 3.7
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 details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-advisor is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2022
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
{name} {country} {sharesParValue} {currentPriceBase} {marketBaseValue} {percentOfPortfolio}
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 details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset 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 Sands Capital Management, LLC
Sunil Thakor

Sunil H. Thakor, CFA

Investment Experience since 2004

Career Summary 
Sands Capital Management, LLC 
Charles River Associates, Inc.

Education
MBA – Columbia University 
BA – Colby College

David E. Levanson, CFA

David E. Levanson, CFA

Investment Experience since 1990

Career Summary
Sands Capital Management, LLC
State Street Research & Management
MFS Investment Management
The Capital Management Group, Folger Nolan Fleming Douglas Inc.

Education
MBA – University of Virginia, Darden School of Business
BS – University of Florida
Danielle Menichella, CFA

Danielle Menichella, CFA

Investment Experience since 1997 

Career Summary
Sands Capital Management, LLC
Emerging Markets Management
Ashmore Equity Investment Management

Education
AB - Duke University

Fees

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 0.98% for Class Y Shares, 0.88% for Class INST Shares and 0.82% for Class R6 Shares. These expense limitations will remain in effect until at least 04/29/2023.

Resources

Resources
Annual Report
Fact Sheet
Commentary
Semi-Annual Report
Statement of Additional Information (SAI)

Statutory Prospectus

Summary Prospectus

Consider Touchstone Sands Capital International Growth Fund for Your Portfolio

Touchstone Sands Capital International Growth Fund seeks long-term capital appreciation by investing primarily in companies in foreign countries.
Contact Us

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 professional 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

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

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CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.