Touchstone Small Cap Value Fund

Touchstone Small Cap Value Fund

Daily NAV
$
Overall Morningstar RatingTM
Small Value

Morningstar

Overall Morningstar RatingTM is calculated against 373 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 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
92 %

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 a sub-advisor to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-advisor who achieves superior investment returns relative to other similar sub-advisors.

Fund Facts

Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 12/31/2018
Total Fund Net Assets as of 12/31/2018 $123,782,157
Asset Class US Equity
Morningstar Category Small Value
Benchmark Russell 2000® Value Index
Distribution Frequency Quarterly
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 01/30/2019

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Small Cap Value Fund -
HISTORICAL DAILY NAV
as of 01/31/2019 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 10.94% -0.90% 10.94% -4.51% 13.76% 6.62% 13.28% --
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, 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.
as of 12/31/2018 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 -12.86% 7.37% 3.61% 10.40% --
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. 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, 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 12/31/2018
Number of Holdings
93
Active Share
92%

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
$2.6 B
Median Market Capitalization
$2.3 B
Price To Earnings Ratio
(Weighted Harmonic Average)
12.8x
Price to Book Ratio
(Weighted Harmonic Average)
1.5x
as of 12/31/2018
Composition % of Portfolio
Equities 95.3
Cash Equivalents 4.7
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 12/31/2018
Sector % of Portfolio
Financials 22.0
Industrials 21.7
Materials 11.8
Consumer Staples 9.4
Information Technology 8.9
Consumer Discretionary 6.6
Utilities 5.1
Healthcare 3.8
Real Estate 3.7
Communication Services 3.3
Energy 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 01/31/2019
Security Description % of Portfolio
MACOM TECHNOLOGY SOLUTIONS H 2.8
TREEHOUSE FOODS INC 2.5
STERLING BANCORP/DE 2.2
BLACKSTONE MORTGAGE TRU-CL A 2.1
IBERIABANK CORP 2.1
NATIONAL GENERAL HLDGS 2.1
DARLING INGREDIENTS INC 2.0
NEXSTAR MEDIA GROUP INC-CL A 1.9
PORTLAND GENERAL ELECTRIC CO 1.8
FNB CORP 1.8
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 12/31/2018
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
ACTUANT CORP-A US 42,895 20.99 900,366 0.72
ALLEGHENY TECHNOLOGIES INC US 65,920 21.77 1,435,078 1.15
ALTRA INDUSTRIAL MOTION CORP US 39,512 25.15 993,727 0.80
AMERICOLD REALTY TRUST US 31,060 25.54 793,272 0.64
B&G FOODS INC US 32,841 28.91 949,433 0.76
BANC OF CALIFORNIA INC US 56,973 13.31 758,311 0.61
BANK OF NT BUTTE BM 58,899 31.35 1,846,484 1.49
BANKUNITED INC US 65,803 29.94 1,970,142 1.58
BELDEN INC US 23,766 41.77 992,706 0.80
BLACK HILLS CORP US 17,737 62.78 1,113,529 0.90
BLACKSTONE MORTGAGE TRU-CL A US 80,361 31.86 2,560,301 2.06
CACI INTERNATIONAL INC -CL A US 8,907 144.03 1,282,875 1.03
CALLON PETROLEUM CO US 176,411 6.49 1,144,907 0.92
CARRIZO OIL & GAS INC US 78,297 11.29 883,973 0.71
CARTER'S INC US 15,723 81.62 1,283,311 1.03
CHARLES RIVER LABORATORIES US 11,330 113.18 1,282,329 1.03
CHEMICAL FINANCIAL CORP US 34,185 36.61 1,251,513 1.01
CIRCOR INTERNATIONAL INC US 19,257 21.30 410,174 0.33
CLEAN HARBORS INC US 25,350 49.35 1,251,023 1.01
COGENT COMMUNICATIONS HOLDIN US 21,074 45.21 952,756 0.77
COLUMBIA PROPERTY TRUST INC US 79,904 19.35 1,546,142 1.24
CONDUENT INC US 81,050 10.63 861,562 0.69
CORPORATE OFFICE PROPERTIES US 59,553 21.03 1,252,400 1.01
DARLING INGREDIENTS INC US 119,741 19.24 2,303,817 1.85
DEL FRISCO'S RESTAURANT GROU US 82,532 7.15 590,104 0.47
DREYFUS-GOV C-IN US 5,892,509 1.00 5,892,509 4.74
EAGLE BANCORP INC US 26,168 48.71 1,274,643 1.03
EMCOR GROUP INC US 15,946 59.69 951,817 0.77
ENCOMPASS HEALTH CORP US 5,256 61.70 324,295 0.26
ENPRO INDUSTRIES INC US 23,282 60.10 1,399,248 1.13
FEDERATED INVESTORS INC-CL B US 18,829 26.55 499,910 0.40
FERROGLOBE REPRESENTATION US 173,700 0.00 0 0.00
FIRST HORIZON NATIONAL CORP US 113,571 13.16 1,494,594 1.20
FNB CORP US 204,803 9.84 2,015,262 1.62
GENERAC HOLDINGS INC US 31,047 49.70 1,543,036 1.24
H.B. FULLER CO. US 27,293 42.67 1,164,592 0.94
HAIN CELESTIAL GROUP INC US 48,863 15.86 774,967 0.62
HANOVER INSURANCE GROUP INC/ US 6,606 116.77 771,383 0.62
HAWAIIAN ELECTRIC INDS US 30,066 36.62 1,101,017 0.89
HEXCEL CORP US 25,658 57.34 1,471,230 1.18
HORIZON GLOBAL CORP US 99,185 1.43 141,835 0.11
HOSTESS BRANDS INC US 96,610 10.94 1,056,913 0.85
HURON CONSULTING GROUP INC US 36,725 51.31 1,884,360 1.52
IBERIABANK CORP US 36,760 64.28 2,362,933 1.90
IDACORP INC US 14,678 93.06 1,365,935 1.10
INGEVITY CORP US 8,360 83.69 699,648 0.56
ISHARES RUSSELL 2000 VALUE E US 26,043 107.54 2,800,664 2.25
ITT INC US 36,247 48.27 1,749,643 1.41
KELLY SERVICES INC -A US 39,664 20.48 812,319 0.65
KORN/FERRY INTERNATIONAL US 38,931 39.54 1,539,332 1.24
LEXINGTON REALTY TRUST US 99,289 8.21 815,163 0.66
LIVENT CORP US 58,137 13.80 802,291 0.65
MACOM TECHNOLOGY SOLUTIONS H US 201,187 14.51 2,919,223 2.35
MANTECH INTERNATIONAL CORP-A US 26,091 52.30 1,364,429 1.10
MASONITE INTERNATIONAL CORP US 15,356 44.83 688,409 0.55
MATTHEWS INTL CORP-CLASS A US 26,126 40.62 1,061,238 0.85
MB FINANCIAL INC US 45,629 39.63 1,808,277 1.45
MICHAELS COS INC/THE US 59,816 13.54 809,909 0.65
MILACRON HOLDINGS CORP US 115,397 11.89 1,372,070 1.10
MURPHY USA INC US 25,371 76.64 1,944,433 1.56
NATIONAL GENERAL HLDGS US 110,847 24.21 2,683,606 2.16
NEXSTAR MEDIA GROUP INC-CL A US 29,128 78.64 2,290,626 1.84
OLIN CORP US 67,471 20.11 1,356,842 1.09
OWENS-ILLINOIS INC US 97,634 17.24 1,683,210 1.35
OXFORD INDUSTRIES INC US 11,946 71.04 848,644 0.68
PATTERSON COS INC US 45,730 19.66 899,052 0.72
PERFORMANCE FOOD GROUP CO US 47,311 32.27 1,526,726 1.23
PORTLAND GENERAL ELECTRIC CO US 49,503 45.85 2,269,713 1.83
PRESTIGE CONSUMER HEALTHCARE US 60,106 30.88 1,856,073 1.49
REGAL BELOIT CORP US 20,766 70.05 1,454,658 1.17
SANDERSON FARMS INC US 9,013 99.29 894,901 0.72
SELECT ENERGY SERVICES INC-A US 59,053 6.32 373,215 0.30
SEMTECH CORP US 25,049 45.87 1,148,998 0.92
SENSIENT TECHNOLOGIES CORP US 21,983 55.85 1,227,751 0.99
SILGAN HOLDINGS INC US 38,301 23.62 904,670 0.73
SONOCO PRODUCTS CO US 18,618 53.13 989,174 0.80
SPECTRUM BRANDS HOLDINGS INC US 19,145 42.25 808,876 0.65
SPX FLOW INC US 16,517 30.42 502,447 0.40
SRC ENERGY INC US 90,366 4.70 424,720 0.34
STANDEX INTERNATIONAL CORP US 21,707 67.18 1,458,276 1.17
STERLING BANCORP/DE US 151,835 16.51 2,506,796 2.02
STEVEN MADDEN LTD US 24,996 30.26 756,379 0.61
TAILORED BRANDS INC US 27,986 13.64 381,729 0.31
TEAM INC US 116,749 14.65 1,710,373 1.38
TETRA TECH INC US 10,012 51.77 518,321 0.42
TREEHOUSE FOODS INC US 54,924 50.71 2,785,196 2.24
TRIBUNE MEDIA CO - A US 34,931 45.38 1,585,169 1.28
TRIMAS CORP US 60,268 27.29 1,644,714 1.32
UNIVEST CORP OF PENNSYLVANIA US 65,967 21.57 1,422,908 1.14
VALVOLINE INC US 100,641 19.35 1,947,403 1.57
VIAVI SOLUTIONS INC US 171,171 10.05 1,720,269 1.38
VISTA OUTDOOR INC US 67,384 11.35 764,808 0.62
WR GRACE & CO US 25,841 64.91 1,677,339 1.35
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 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 01/29/2020.

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 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.

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?