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

Portfolio Characteristics as of 6/30/2018
Market Capitalization $2.1 Billion
Price Earnings Ratio111.9
Number of Holdings ^86
Active Share95

1 The Price Earnings Ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.

^ Total number of holdings includes cash equivalents

Top Country Allocation as of 6/30/2018(% of Portfolio)
Korea19.7
Taiwan19.6
China18.5
India14.0
Thailand6.6
South Africa5.3
Brazil5.0
Malaysia2.8
Mexico2.1
Indonesia1.8
Full Holdings as of 6/30/2018
Security DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
AFRICAN RAINBOW MINERALS LTDZA10,2557.9581,5620.79
AIRASIA BHDMY142,500.74105,6171.03
AIRTAC INTERNATIONAL GROUPTW8,00014.19113,5541.10
ALSEA SAB DE CVMX38,6003.45132,9801.29
ASIA CEMENT CORPTW46,0001.1050,4960.49
ASPEED TECHNOLOGY INCTW4,00026.18104,7261.02
AVI LTDZA12,4377.8998,1000.95
BANK TABUNGAN NEGARA PERSEROID721,700.17123,1701.20
BAOZUN INC-SPN ADRCN1,81554.7099,2810.97
BARLOWORLD LTDZA7,7139.4372,7420.71
BIOTEQUE CORPORATIONTW31,0003.47107,5811.05
CCC SAPL1,55855.0185,7130.83
CHINA GENERAL PLASTICSTW164,289.99162,9921.58
CHINA YONGDA AUTOMOBILES SERCN146,000.98143,0741.39
CHINASOFT INTERNATIONAL LTDCN188,000.78146,1781.42
CHOLAMANDALAM INVESTMENT ANDIN5,01622.08110,7651.08
DILIP BUILDCON LTDIN9,7469.7094,5160.92
DOUZONE BIZON CO LTDKR3,75155.57208,4552.03
DREYFUS-GOV C-INUS303,4721.00303,4722.95
E INK HOLDINGS INCTW90,0001.1199,8890.97
ELITE ADVANCED LASER CORPTW27,4003.3992,8340.90
FILA KOREA LTDKR4,78030.09143,8211.40
FU SHOU YUAN INTERNATIONALCN116,0001.13130,5531.27
GOURMET MASTER CO LTDTW9,3519.6690,3410.88
GRAPE KING BIO LTDTW20,0007.54150,7071.47
GUANGZHOU R&F PROPERTIES - HCN68,0002.01136,4731.33
HAITIAN INTERNATIONAL HLDGSCN42,0002.3699,1430.96
HOLLYSYS AUTOMATCN6,53322.14144,6411.41
HUNG SHENG CONSTRUCTION LTDTW30,0001.3440,1370.39
HYVISION SYSTEM INCKR9,63312.83123,6221.20
INDRAPRASTHA GAS LTDIN34,2013.71127,0481.24
INNOCEAN WORLDWIDE INCKR1,91953.30102,2780.99
INVENTEC CORPTW123,000.7896,4590.94
IOCHPE-MAXION S.A.BR16,7005.3990,0550.88
IRB BRASIL RESSEGUROS SABR11,40012.24139,5091.36
JAIN IRRIGATION SYSTEMS LTDIN56,1451.1262,9900.61
JUBILANT FOODWORKS LTDIN8,56420.23173,2711.68
JUBILANT LIFE SCIENCES LTDIN14,73510.22150,6251.46
JUMBO SAGR7,72816.49127,4301.24
JUSUNG ENGINEERING CO LTDKR9,6987.3671,3880.69
KING YUAN ELECTRONICS CO LTDTW129,000.91117,2771.14
KIWOOM SECURITIES CO LTDKR1,70097.27165,3671.61
KOH YOUNG TECHNOLOGY INCKR1,95191.42178,3601.73
KOREA PETRO CHEMICAL INDKR701224.54157,4001.53
KRUNGTHAI CARD PCL-FOREIGNTH15,50010.61164,5191.60
L&T FINANCE HOLDINGS LTDIN55,4932.21122,8951.19
LIVZON PHARMACEUTICAL GROU-HCN19,5004.7893,2240.91
LONKING HOLDINGS LTDCN316,000.46144,7211.41
LOTTE HIMART CO LTDKR1,99170.76140,8911.37
MAANSHAN IRON & STEEL-HCN298,000.44131,8591.28
MAGAZINE LUIZA SABR3,30032.90108,5601.06
MALAYSIA AIRPORTS HLDGS BHDMY81,7002.18177,9821.73
MEGA LIFESCIENCES PCLTH112,8001.20135,3091.32
MICRO-STAR INTERNATIONAL COTW38,0003.08116,9751.14
MODETOUR NETWORK INCKR5,22924.39127,5311.24
MPHASIS LTDIN11,58815.82183,3621.78
MRV ENGENHARIABR28,5003.0988,0200.86
MUANGTHAI CAPITAL PCLTH155,9001.00155,3641.51
NATCO PHARMA LTDIN8,77011.77103,2491.00
NATIONAL ALUMINIUM CO LTDIN118,409.94111,8781.09
ORION CORP/REPUBLIC OF KOREAKR1,416133.51189,0571.84
PICK N PAY STORES LTDZA18,5515.45101,1290.98
POWERTECH TECHNOLOGY INCTW49,0002.90142,0301.38
PRIMAX ELECTRONICS LTDTW39,0002.0278,9290.77
PROMOTORA Y OPERADORA DE INFMX8,6908.9577,7800.76
QUALITY HOUSES PCLTH574,900.0953,4470.52
RADICO KHAITAN LTDIN7,7166.0446,6170.45
SAPPI LIMITEDZA17,2106.65114,5101.11
SEEGENE INCKR4,10825.03102,8061.00
SILICON WORKS CO LTDKR2,60932.3784,4420.82
SOULBRAIN CO LTDKR1,43555.5179,6610.77
SREI INFRASTRUCTURE FINANCEIN77,050.9169,9680.68
STAR PETROLEUM REFININGTH296,700.39116,3371.13
SUNNY FRIEND ENVIRONMENTAL TTW17,0007.04119,7441.16
TCI CO LTDTW13,00015.41200,3271.95
TCS GROUP HOLDING -REG SCY8,76920.70181,5181.76
TIANNENG POWER INTL LTDCN98,0001.55152,1201.48
TRUWORTHS INTERNATIONAL LTDZA14,7885.5982,6810.80
TURK SISE VE CAM FABRIKALARITR101,325.9293,2770.91
USINAS SIDER MINAS GER-PF ABR39,9001.8975,4610.73
VALUE ADDED TECHNOLOGY CO LTKR4,42030.05132,8321.29
WASKITA KARYA PERSERO TBK PTID494,300.1366,2210.64
WEST CHINA CEMENT LTDCN626,000.1699,6080.97
XIABUXIABU CATERING MANAGEMECN66,0002.18144,1881.40
YIRENDAI LTD - ADRCN3,84121.2281,5060.79
YUZHOU PROPERTIES COCN231,000.59135,7511.32
Top 10 Equity Holdings as of 6/30/2018
Security Description
% of
Portfolio
1. DOUZONE BIZON CO., LTD.2.1
2. TRANSPORT CORPORATION OF INDIA LTD.2.0
3. ORION CORP.1.9
4. MPHASIS LTD.1.8
5. TCS GROUP HOLDING PLC1.8
6. KOH YOUNG TECHNOLOGY INC.1.8
7. MALAYSIA AIRPORTS HOLDINGS BERHAD1.8
8. JUBILANT FOODWORKS LTD.1.7
9. KIWOOM SECURITIES CO. LTD.1.7
10. KRUNGTHAI CARD PCL1.7

Data may not total due to rounding.

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.

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.

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. The data illustrated for Touchstone Fixed Income Funds, Diversified Income Funds, Alternative Investment Funds, International Equity Funds and Asset Allocation 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.