Touchstone Small Cap Value Opportunities Fund

Touchstone Small Cap Value Opportunities Fund

Daily NAV
$
Overall Morningstar RatingTM
Small Blend

Morningstar

Overall Morningstar RatingTM is calculated against 639 funds in the Small Blend 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 equity securities of small-cap companies.

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 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. 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 foreign securities, including 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 Fund may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns and higher short-term capital gains taxable to shareholders. 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. 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 $58,568,610
Asset Class US Equity
Morningstar Category Small Blend
Benchmark Russell 2000® Value Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/30/2017

Performance

Daily Returns as of
NAV NAV $ Change
Touchstone Small Cap Value Opportunities 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 Opportunities Fund -
Including Sales Charge
Touchstone Small Cap Value Opportunities 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 Opportunities Fund -
Including Sales Charge
Touchstone Small Cap Value Opportunities 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 and INST Shares combines the performance of an older class of shares (Y Shares) from the Fund’s inception, 07/25/03, with the performance since the inception date of each share class. Performance information presented prior to 07/25/03 for Class Y Shares includes performance of a predecessor fund whose inception date was 07/31/00.

Add Touchstone Small Cap Value Opportunities Fund to Your Client Portfolios

Seeking long-term capital growth, Touchstone’s Small Cap Value Opportunities Fund invests in small-cap companies it believes present a value that is not recognized by prevailing market prices or that have experienced some fundamental changes and are intrinsically undervalued by the investment community.
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
$2.1 B
Median Market Capitalization
$1.9 B
Price Earnings Ratio
(Weighted Harmonic Average)
18.7x
Price to Book Ratio
(Weighted Harmonic Average)
1.6x
as of 06/30/2018
Composition % of Portfolio
Equities 99.9
Cash Equivalents 0.1
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 32.5
Industrials 15.9
Consumer Discretionary 13.3
Information Technology 11.3
Real Estate 7.3
Healthcare 5.6
Energy 5.1
Consumer Staples 3.6
Utilities 2.0
Materials 1.8
Telecommunication Services 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 08/31/2018
Security Description % of Portfolio
SEMTECH CORP 1.8
VONAGE HOLDINGS CORP 1.8
MACOM TECHNOLOGY SOLUTIONS H 1.6
PORTLAND GENERAL ELECTRIC CO 1.6
FIRST BUSEY CORP 1.6
BOOT BARN HOLDINGS INC 1.6
CASELLA WASTE SYSTEMS INC-A 1.5
COMFORT SYSTEMS USA INC 1.5
CASEY'S GENERAL STORES INC 1.5
AIR TRANSPORT SERVICES GROUP 1.5
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
ACI WORLDWIDE INC US 29,800 24.67 735,166 1.28
AIR TRANSPORT SERVICES GROUP US 38,500 22.59 869,715 1.51
AMC ENTERTAINMENT HLDS-CL A US 24,300 15.90 386,370 0.67
AMN HEALTHCARE SERVICES INC US 11,625 58.60 681,225 1.18
APOGEE ENTERPRISES INC US 17,500 48.17 842,975 1.46
ARGO GROUP INTERNATIONAL BM 17,442 58.15 1,014,252 1.76
B&G FOODS INC US 19,000 29.90 568,100 0.99
BANCORP INC/THE US 111,560 10.46 1,166,918 2.02
BASIC ENERGY SERVICES INC US 44,100 11.11 489,951 0.85
BIOTELEMETRY INC US 16,200 45.00 729,000 1.26
BLOOMIN' BRANDS INC US 22,300 20.10 448,230 0.78
BOFI HOLDING INC US 18,100 40.91 740,471 1.28
BOOT BARN HOLDINGS INC US 27,800 20.75 576,850 1.00
BOSTON PRIVATE FINL HOLDING US 47,478 15.90 754,900 1.31
BROOKS AUTOMATION INC US 9,300 32.62 303,366 0.53
CACI INTERNATIONAL INC -CL A US 5,175 168.55 872,246 1.51
CASELLA WASTE SYSTEMS INC-A US 29,600 25.61 758,056 1.32
CASEY'S GENERAL STORES INC US 6,050 105.08 635,734 1.10
CHILDREN'S PLACE INC/THE US 3,900 120.80 471,120 0.82
COLUMBIA PROPERTY TRUST INC US 31,300 22.71 710,823 1.23
COMFORT SYSTEMS USA INC US 14,500 45.80 664,100 1.15
COMPASS MINERALS INTERNATION US 7,300 65.75 479,975 0.83
CONDUENT INC US 13,700 18.17 248,929 0.43
CORECIVIC INC US 19,300 23.89 461,077 0.80
COVANTA HOLDING CORP US 44,500 16.50 734,250 1.27
COWEN INC US 47,475 13.85 657,529 1.14
CUSTOMERS BANCORP INC US 43,020 28.38 1,220,908 2.12
DELEK US HOLDINGS INC US 11,900 50.17 597,023 1.04
DIEBOLD NIXDORF INC US 19,500 11.95 233,025 0.40
DREYFUS-GOV C-IN US 30,671 1.00 30,671 0.05
DYCOM INDUSTRIES INC US 7,600 94.51 718,276 1.25
ENERSYS US 9,500 74.64 709,080 1.23
ENTEGRIS INC US 16,100 33.90 545,790 0.95
EQUITY COMMONWEALTH US 27,100 31.50 853,650 1.48
FERROGLOBE PLC GB 61,400 8.57 526,198 0.91
FERROGLOBE REPRESENTATION US 173,700 0.00 0 0.00
FINISAR CORPORATION US 39,100 18.00 703,800 1.22
FIRST BANCORP/NC US 25,700 40.91 1,051,387 1.82
FIRST BUSEY CORP US 37,000 31.72 1,173,640 2.04
FIRST FOUNDATION INC US 58,700 18.54 1,088,298 1.89
FIRSTCASH INC US 7,400 89.85 664,890 1.15
GENWORTH FINANCIAL INC-CL A US 85,800 4.50 386,100 0.67
GREEN DOT CORP-CLASS A US 7,900 73.39 579,781 1.01
GREENLIGHT CAPITAL RE LTD-A KY 32,700 14.20 464,340 0.81
HOMESTREET INC US 33,165 26.95 893,797 1.55
IMPERVA INC US 8,200 48.25 395,650 0.69
INVESTORS BANCORP INC US 47,200 12.79 603,688 1.05
JAMES RIVER GROU BM 13,250 39.29 520,593 0.90
LAREDO PETROLEUM INC US 65,600 9.62 631,072 1.10
MBIA INC US 55,300 9.04 499,912 0.87
MCDERMOTT INTL US 26,033 19.65 511,555 0.89
METHODE ELECTRONICS INC US 16,900 40.30 681,070 1.18
MICHAELS COS INC/THE US 32,700 19.17 626,859 1.09
MOTORCAR PARTS OF AMERICA IN US 20,200 18.71 377,942 0.66
MRC GLOBAL INC US 38,250 21.67 828,878 1.44
NATIONSTAR MORTGAGE HOLDINGS US 52,900 17.53 927,337 1.61
NCI BUILDING SYSTEMS INC US 33,700 21.00 707,700 1.23
NET 1 UEPS TECHNOLOGIES INC ZA 51,200 9.08 464,896 0.81
NEW MEDIA INVESTMENT GROUP US 26,487 18.48 489,480 0.85
NORTHWESTERN CORP US 5,800 57.25 332,050 0.58
ORASURE TECHNOLOGIES INC US 18,400 16.47 303,048 0.53
OXFORD INDUSTRIES INC US 7,700 82.98 638,946 1.11
PATTERSON COS INC US 17,400 22.67 394,458 0.68
POPULAR INC PR 11,400 45.21 515,394 0.89
PORTLAND GENERAL ELECTRIC CO US 19,500 42.76 833,820 1.45
RADIAN GROUP INC US 30,900 16.22 501,198 0.87
RED ROBIN GOURMET BURGERS US 10,000 46.60 466,000 0.81
REPUBLIC FIRST BANCORP INC US 85,500 7.85 671,175 1.16
RETAIL OPPORTUNITY INVESTMEN US 37,600 19.16 720,416 1.25
RING ENERGY INC US 55,000 12.62 694,100 1.20
RLJ LODGING TRUST US 29,537 22.05 651,291 1.13
SEAWORLD ENTERTAINMENT INC US 36,500 21.82 796,430 1.38
SEMTECH CORP US 17,800 47.05 837,490 1.45
SIMMONS FIRST NATL CORP-CL A US 28,400 29.90 849,160 1.47
SOUTH STATE CORP US 8,800 86.25 759,000 1.32
SP PLUS CORP US 15,513 37.20 577,084 1.00
SPIRIT REALTY CAPITAL INC US 84,600 8.03 679,338 1.18
STARS GROUP INC/THE CA 16,600 36.30 602,580 1.05
STEWART INFORMATION SERVICES US 15,800 43.07 680,506 1.18
STONERIDGE INC US 15,300 35.14 537,642 0.93
SYNEOS HEALTH INC US 15,000 46.90 703,500 1.22
TEXAS CAPITAL BANCSHARES INC US 8,300 91.50 759,450 1.32
TEXTAINER GROUP HOLDINGS LTD US 34,300 15.90 545,370 0.95
TIVITY HEALTH INC US 11,300 35.20 397,760 0.69
TIVO CORP US 31,816 13.45 427,925 0.74
TRI POINTE GROUP INC US 41,400 16.36 677,304 1.18
TURNING POINT BRANDS INC US 15,000 31.90 478,500 0.83
TUTOR PERINI CORP US 22,500 18.45 415,125 0.72
UNITED NATURAL FOODS INC US 8,500 42.66 362,610 0.63
VONAGE HOLDINGS CORP US 74,000 12.89 953,860 1.66
YRC WORLDWIDE INC US 67,432 10.05 677,692 1.18
ZAGG INC US 27,830 17.30 481,459 0.84
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

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 1.43% for Class A Shares, 2.18% for Class C Shares, 1.18% for Class Y Shares and 1.10% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2018.
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

Add Touchstone Small Cap Value Opportunities Fund to Your Client Portfolios

Seeking long-term capital growth, Touchstone’s Small Cap Value Opportunities Fund invests in small-cap companies it believes present a value that is not recognized by prevailing market prices or that have experienced some fundamental changes and are intrinsically undervalued by the investment community. 
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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