Touchstone Small Cap Value Fund

Touchstone Small Cap Value Fund

Daily NAV
$
Overall Morningstar RatingTM
Small Value

Morningstar

Overall Morningstar RatingTM is calculated against 358 funds in the Small 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 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
93 %

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 LMCG Investments, LLC

Objective

The fund seeks long-term capital growth by investing primarily in stocks of small-cap companies.

Small Cap Value Fund Commentary

Investment Style

  • Utilizes a classic value-driven fundamental investment process
  • Seeks to identify companies believed to be selling at a discount to their intrinsic value
  • Employs five valuation screens that seek to identify attractively priced securities
  • Conducts in-depth research and analysis on the securities that pass the valuation screens in an effort to identify leading companies selling at attractive valuations
  • Examines financial statements and assesses the company's management team, competitive strategy, and its current market position
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. 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 value stocks which may not appreciate in value as anticipated or may experience a decline in value. 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 06/30/2018
Total Fund Net Assets as of 06/30/2018 $102,357,400
Asset Class US Equity
Morningstar Category Small Value
Benchmark Russell 2000® Value Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2018

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Small Cap Value Fund -
HISTORICAL DAILY NAV
as of 08/31/2018 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Small Cap Value Fund -
Including Sales Charge
Touchstone Small Cap Value Fund -
Excluding Sales Charge
Russell 2000® Value Index 2.38% 4.82% 9.86% 20.05% 15.73% 11.72% 9.27% --
as of 06/30/2018 1 Year 3 Year 5 Year 10 Year Since Inception
Touchstone Small Cap Value Fund -
Including Sales Charge
Touchstone Small Cap Value Fund -
Excluding Sales Charge
Russell 2000® Value Index 13.10% 11.22% 11.18% 9.88% --
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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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 Equity Funds is 5.75%.
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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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 in effect at the end of the specified period. The contingent deferred sales charge 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 Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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 NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.
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 Funds 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, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.
The performance presented for Class A, C, Y and INST Shares combines the performance of a predecessor class of shares (Z Shares). Class Z Shares inception date was 03/04/02. Class Z Shares were merged into Class A Shares on 06/10/11.

Consider Touchstone Small Cap Value Fund for Your Portfolio

Investing primarily in stocks of small-cap companies, Touchstone Small Cap Value Fund utilizes a classic value-driven fundamental investment process to identify companies believed to be selling at a discount to their intrinsic value. It seek long-term capital growth for its investors.
Contact Us Now

Portfolio

as of 06/30/2018
Number of Holdings
92
Active Share
93%

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
$3.2 B
Median Market Capitalization
$3.0 B
Price Earnings Ratio
(Weighted Harmonic Average)
16.4x
Price to Book Ratio
(Weighted Harmonic Average)
1.8x
as of 06/30/2018
Composition % of Portfolio
Equities 97.7
Cash Equivalents 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 06/30/2018
Sector % of Portfolio
Financials 25.3
Industrials 22.0
Materials 8.9
Information Technology 8.3
Consumer Discretionary 8.1
Consumer Staples 7.6
Healthcare 6.8
Real Estate 4.4
Utilities 4.0
Energy 3.7
Telecommunication Services 0.8
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 08/31/2018
Security Description % of Portfolio
MACOM TECHNOLOGY SOLUTIONS H 2.5
IBERIABANK CORP 2.1
STERLING BANCORP/DE 2.0
NATIONAL GENERAL HLDGS 2.0
FNB CORP 1.8
BLACKSTONE MORTGAGE TRU-CL A 1.8
TEAM INC 1.8
NEXSTAR MEDIA GROUP INC-CL A 1.8
BANK OF NT BUTTE 1.7
BANKUNITED INC 1.7
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
ACTUANT CORP-A US 30,032 29.35 881,439 0.86
ALLEGHENY TECHNOLOGIES INC US 46,154 25.12 1,159,388 1.13
ALTRA INDUSTRIAL MOTION CORP US 16,049 43.10 691,712 0.67
B&G FOODS INC US 26,247 29.90 784,785 0.76
BANC OF CALIFORNIA INC US 39,888 19.55 779,810 0.76
BANK OF NT BUTTE BM 34,340 45.72 1,570,025 1.53
BANKUNITED INC US 46,070 40.85 1,881,960 1.83
BELDEN INC US 13,614 61.12 832,088 0.81
BLACK HILLS CORP US 12,420 61.21 760,228 0.74
BLACKSTONE MORTGAGE TRU-CL A US 56,264 31.43 1,768,378 1.72
CACI INTERNATIONAL INC -CL A US 6,563 168.55 1,106,194 1.08
CALLAWAY GOLF COMPANY US 28,679 18.97 544,041 0.53
CALLON PETROLEUM CO US 72,826 10.74 782,151 0.76
CARRIZO OIL & GAS INC US 47,994 27.85 1,336,633 1.30
CHARLES RIVER LABORATORIES US 12,303 112.26 1,381,135 1.35
CHEMICAL FINANCIAL CORP US 23,933 55.67 1,332,350 1.30
CLEAN HARBORS INC US 17,748 55.55 985,901 0.96
COGENT COMMUNICATIONS HOLDIN US 14,754 53.40 787,864 0.77
COLUMBIA PROPERTY TRUST INC US 55,944 22.71 1,270,488 1.24
CONDUENT INC US 38,412 18.17 697,946 0.68
CORPORATE OFFICE PROPERTIES US 41,695 28.99 1,208,738 1.18
DARLING INGREDIENTS INC US 68,875 19.88 1,369,235 1.33
DEL FRISCO'S RESTAURANT GROU US 32,997 12.60 415,762 0.41
DIEBOLD NIXDORF INC US 42,487 11.95 507,720 0.49
DREYFUS-GOV C-IN US 2,334,538 1.00 2,334,538 2.28
EAGLE BANCORP INC US 18,321 61.30 1,123,077 1.09
EDUCATION REALTY TRUST INC US 28,342 41.50 1,176,193 1.15
EMCOR GROUP INC US 11,163 76.18 850,397 0.83
ENCOMPASS HEALTH CORP US 22,783 67.72 1,542,865 1.50
ENPRO INDUSTRIES INC US 16,300 69.95 1,140,185 1.11
ENVISION HEALTHCARE CORP US 34,673 44.01 1,525,959 1.49
EXPRESS INC US 18,948 9.15 173,374 0.17
FEDERATED INVESTORS INC-CL B US 13,184 23.32 307,451 0.30
FIRST HORIZON NATIONAL CORP US 79,516 17.84 1,418,565 1.38
FNB CORP US 143,391 13.42 1,924,307 1.88
GENERAC HOLDINGS INC US 21,738 51.73 1,124,507 1.10
H.B. FULLER CO. US 17,355 53.68 931,616 0.91
HAIN CELESTIAL GROUP INC US 34,211 29.80 1,019,488 0.99
HANOVER INSURANCE GROUP INC/ US 14,450 119.56 1,727,642 1.68
HAWAIIAN ELECTRIC INDS US 21,049 34.30 721,981 0.70
HEXCEL CORP US 17,965 66.38 1,192,517 1.16
HORIZON GLOBAL CORP US 69,444 5.96 413,886 0.40
HOSTESS BRANDS INC US 66,245 13.60 900,932 0.88
HURON CONSULTING GROUP INC US 25,713 40.90 1,051,662 1.03
IBERIABANK CORP US 25,737 75.80 1,950,865 1.90
IDACORP INC US 10,277 92.24 947,950 0.92
INGEVITY CORP US 10,279 80.86 831,160 0.81
ISHARES RUSSELL 2000 VALUE E US 9,777 131.92 1,289,782 1.26
ITT INC US 25,378 52.27 1,326,508 1.29
KELLY SERVICES INC -A US 23,688 22.45 531,796 0.52
KORN/FERRY INTERNATIONAL US 24,604 61.93 1,523,726 1.49
LEXINGTON REALTY TRUST US 69,517 8.73 606,883 0.59
MACOM TECHNOLOGY SOLUTIONS H US 113,962 23.04 2,625,684 2.56
MASONITE INTERNATIONAL CORP US 10,751 71.85 772,459 0.75
MATTHEWS INTL CORP-CLASS A US 18,291 58.80 1,075,511 1.05
MB FINANCIAL INC US 31,949 46.70 1,492,018 1.45
MICHAELS COS INC/THE US 41,285 19.17 791,433 0.77
MILACRON HOLDINGS CORP US 64,282 18.93 1,216,858 1.19
MURPHY USA INC US 17,765 74.29 1,319,762 1.29
NATIONAL GENERAL HLDGS US 74,809 26.33 1,969,721 1.92
NEXSTAR MEDIA GROUP INC-CL A US 22,575 73.40 1,657,005 1.62
OLIN CORP US 34,851 28.72 1,000,921 0.98
OWENS-ILLINOIS INC US 38,069 16.81 639,940 0.62
OXFORD INDUSTRIES INC US 6,166 82.98 511,655 0.50
PATTERSON COS INC US 32,018 22.67 725,848 0.71
PERFORMANCE FOOD GROUP CO US 23,307 36.70 855,367 0.83
PORTLAND GENERAL ELECTRIC CO US 34,660 42.76 1,482,062 1.44
PRESTIGE BRANDS HOLDINGS INC US 42,083 38.38 1,615,146 1.57
REGAL BELOIT CORP US 16,384 81.80 1,340,211 1.31
SELECT ENERGY SERVICES INC-A US 29,853 14.53 433,764 0.42
SEMTECH CORP US 17,538 47.05 825,163 0.80
SILGAN HOLDINGS INC US 26,816 26.83 719,473 0.70
SONOCO PRODUCTS CO US 14,158 52.50 743,295 0.72
SPECTRUM BRANDS HOLDINGS INC US 10,751 81.62 877,497 0.86
SPX FLOW INC US 11,565 43.77 506,200 0.49
SRC ENERGY INC US 99,591 11.02 1,097,493 1.07
STANDEX INTERNATIONAL CORP US 15,197 102.20 1,553,133 1.51
STERLING BANCORP/DE US 91,537 23.50 2,151,120 2.10
STEVEN MADDEN LTD US 20,653 53.10 1,096,674 1.07
TAILORED BRANDS INC US 19,593 25.52 500,013 0.49
TCF FINANCIAL CORP US 38,374 24.62 944,768 0.92
TEAM INC US 81,742 23.10 1,888,240 1.84
TETRA TECH INC US 10,999 58.50 643,442 0.63
TREEHOUSE FOODS INC US 34,006 52.51 1,785,655 1.74
TRIMAS CORP US 42,195 29.40 1,240,533 1.21
TRIUMPH GROUP INC US 20,515 19.60 402,094 0.39
UNIVEST CORP OF PENNSYLVANIA US 46,187 27.50 1,270,143 1.24
VALIDUS HOLDINGS LTD BM 20,500 67.60 1,385,800 1.35
VALVOLINE INC US 70,463 21.57 1,519,887 1.48
VIAVI SOLUTIONS INC US 156,801 10.24 1,605,642 1.57
VISTA OUTDOOR INC US 34,459 15.49 533,770 0.52
WR GRACE & CO US 18,094 73.31 1,326,471 1.29
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 LMCG Investments, LLC
R Todd Vingers

R. Todd Vingers, CFA

Investment Experience since 1990

Career Summary 
LMCG Investments, LLC 
American Century Investments 
Hawthorne Company  

Education 
MBA - University of Chicago Booth School of Business 
BA - University of St. Thomas 

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 1.38% for Class A Shares, 2.13% for Class C Shares, 1.13% for Class Y Shares and 0.98% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/2019.
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 Small Cap Value Fund for Your Portfolio

Investing primarily in stocks of small-cap companies, Touchstone Small Cap Value Fund utilizes a classic value-driven fundamental investment process to identify companies believed to be selling at a discount to their intrinsic value. It seek 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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