Touchstone International Small Cap Fund Sub-Advised by: Copper Rock Capital Partners LLC

Objective

The Fund seeks capital appreciation by investing primarily in equity securities of non-U.S. small-cap companies including those located in emerging market countries.

Investment Style

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  • Seeks to add value through bottom-up stock selection and in-depth fundamental research
  • Examines a company's financial condition, management team, business prospects, competitive position and overall business strategy
  • Looks for small-cap companies believed to have strong management, superior earnings growth prospects and attractive relative valuations
The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign securities and foreign depositary receipts 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 small-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 may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns and higher short-term capital gains taxable to shareholders. 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
NASDAQ SymbolTNSAX
CUSIP89154X427
Portfolio Turnover Rate160%
Total Annual Fund Operating Expense Ratio27.78%
Net Annual Fund Operating Expense Ratio21.56%
Total Net Assets as of 9/30/2014$7,975,113
Inception Date7/31/2003
Fiscal Year EndJune 30th
BenchmarkS&P Developed ex-U.S. Small Cap Index3
Prospectus Date10/30/2013

1 Annualized as of 6/30/2014

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") to 1.55% for Class A Shares, 2.30% for Class C Shares, 1.30% for Class Y Shares and 1.18% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/14.

3 The S&P Developed Ex-U.S. Small Cap Index is an unmanaged index of small-cap stocks from developed countries, excluding the United States. 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 TouchstoneInvestments.com/literature-center 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.