Touchstone Emerging Markets Equity Fund Sub-Advised by: AGF Investments America Inc.


The Fund seeks capital appreciation by investing primarily in equity securities of companies located in emerging markets.

Investment Style

  • Seeks to invest in businesses of any size that are believed to be mispriced by the market and that are expected to generate positive and sustainable earnings growth
  • Performs in-depth proprietary fundamental research which seeks emerging market securities with sustainable earnings growth prospects that are not recognized by the market and are priced at what are believed to be attractive valuations
  • Assesses company valuations using the Economic Value-Added (EVA) approach and considers factors such as cash flow return on investment, franchise value, competitive advantage, and investment profile
  • Attempts to broadly diversify among securities and countries
The Fund invests in equities which are subject to market volatility and loss. 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 invests in emerging markets securities which are more likely to experience turmoil or rapid changes in market or economic conditions than developed countries. 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 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 such as forward currency exchange contracts, futures contracts, options and swap agreements. Derivatives can be highly volatile, illiquid and difficult to value, subject to counterparty and leverage risks and there is risk that changes in the value of a derivative held by the Fund will not correlate with the Fund's other investments. Gains or losses from speculative positions in a derivative may be much greater than the original cost and potential losses may be substantial. 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.

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Select Share Class:A C Y INST

Fund Facts

A Shares
Portfolio Turnover Rate128%
Total Annual Fund Operating Expense Ratio22.41%
Net Annual Fund Operating Expense Ratio21.69%
Total Net Assets as of 12/31/2015 $2,394,176
Inception Date9/30/2009
Fiscal Year EndSeptember 30th
BenchmarkMSCI Emerging Markets Index3
Prospectus Date1/30/2016

1 Annualized as of 9/30/2015

2 Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit annual fund operating expenses (excluding Acquired Fund Fees and Expenses "AFFE", if any) to 1.69% for Class A Shares, 2.44% for Class C Shares, 1.44% for Class Y Shares and 1.29% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

3 The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. Investing in an index is not possible.

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 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.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used to create indices or financial products. This report is not approved or produced by MSCI.