Touchstone Emerging Markets Small Cap Fund Sub-Advised by: Copper Rock Capital Partners LLC*

Objective

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

Investment Style

  • Applies a blend of fundamental and quantitative analyses to generate initial investment ideas
  • 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 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, 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 small- and mid-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. 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 SymbolTEMAX
CUSIP89155H496
Portfolio Turnover Rate168%
Total Annual Fund Operating Expense Ratio23.51%
Net Annual Fund Operating Expense Ratio21.69%
Total Net Assets as of 9/30/2017 $2,973,989
Inception Date9/30/2009
Fiscal Year EndSeptember 30th
BenchmarkMSCI Emerging Markets Small Cap Index3
Prospectus Date1/30/2017

1 Annualized as of 9/30/2016

2 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 1.69% 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 01/29/18.

3The MSCI Emerging Markets Small Cap Index measures the equity market performance of small cap 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 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.

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.

*Effective April 19, 2016, Copper Rock was appointed sub-advisor to the Touchstone Emerging Markets Equity Fund. Concurrent with this change, the Fund was renamed the Touchstone Emerging Markets Small Cap Fund and its Principal Investment Strategies, Principal Risks, and benchmark index have changed to reflect those of Touchstone Emerging Markets Small Cap Fund’s investment strategy.