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Touchstone International Equity Fund

Daily NAV
$
Overall Morningstar Rating™
Foreign Large Blend
The Fund received a 2-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 3-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 3-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 3-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 2-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 2-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 3-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
The Fund received a 2-star Overall Morningstar Rating among 698 Foreign Large Blend funds based on three-year, five-year and ten-year risk-adjusted performance as of 12/31/2023.
Active Share
88 percent 88 %

Overview

Overview
Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

Objective

The Fund seeks long-term capital growth.

Investment Style

  • Invests primarily in common stocks of established companies across the capitalization spectrum located in or that conduct their business mainly in one or more foreign countries
  • Focuses on quality at a reasonable price, beginning with a regular quantitative screening in order to narrow the investable universe
  • Analyzes companies based on the following five fundamental factors: business quality, valuation, growth, management and balance sheet strength
  • Manages risk through portfolio diversification, by individual issuer, sector, and country
  • Index-agnostic portfolio construction approach typically results in a concentrated, high-conviction portfolio

Fund Facts

Fund Facts
Fund Facts for Share Class
Symbol
CUSIP
Inception Date
Total Share Class Net Assets as of 12/31/2023
Total Fund Net Assets as of 12/31/2023 $116,261,678
Asset Class International Equity
Benchmark MSCI EAFE® Index
Distribution Frequency Annually
Portfolio Turnover Rate
Fiscal Year End
Prospectus Date 10/27/2023

Performance 

Performance 
HISTORICAL DAILY NAV
Historical Daily NAV on
NAV POP
Touchstone International Equity 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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 U.S. Equity, International Equity, and Multi-Asset Funds is 5.00%.
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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC 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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 03/01/93, with the performance since the inception date of each share class.
Prior to October 30, 2017, the performance, rating and ranking history is that of the Sentinel International Equity 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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 U.S. Equity, International Equity, and Multi-Asset Funds is 5.00%.
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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC 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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
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 Fund 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 adviser may waive some fees and/or reimburse expenses, which if not waived or reimbursed, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.
The performance presented for Class C, Y, and INST Shares combines the performance of an older class of shares (A Shares) from the Fund's inception, 03/01/93, with the performance since the inception date of each share class.
Prior to October 30, 2017, the performance, rating and ranking history is that of the Sentinel International Equity Fund.

Consider Touchstone International Equity Fund for Your Portfolio

Touchstone International Equity Fund invests primarily in common stock of established companies across the capitalization spectrum located in or that conduct business mainly in one or more foreign countries. It seeks to provide long-term capital growth.
Contact Us

Morningstar Rating™

Morningstar Rating™

Portfolio

Portfolio
as of 12/31/2023
Number of Holdings
43
Weighted Average Market Capitalization
$79.1 B
Median Market Capitalization
$17.5 B
Price To Earnings Ratio
(Weighted Harmonic Average)
19.8x
Price to Book Ratio
(Weighted Harmonic Average)
2.4x
as of 12/31/2023
Composition % of Portfolio
Equities Non-U.S. Developed Markets 80.2
Equities Emerging Markets 13.3
Cash Equivalents 6.0
Equities U.S. 0.0
Data may not total due to rounding.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2023
Country % of Portfolio
France 19.9
United Kingdom 13.7
Germany 11.5
Switzerland 10.4
Japan 6.1
Ireland 5.7
Canada 5.0
Mexico 3.5
Netherlands 3.2
Hong Kong 2.8
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2023
Sector % of Portfolio
Health Care 21.7
Consumer Discretionary 14.7
Industrials 13.4
Communication Services 10.1
Information Technology 9.2
Materials 7.5
Consumer Staples 6.6
Energy 5.5
Financials 5.3
Utilities 0.0
Real Estate 0.0
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 02/29/2024
Security Description % of Portfolio
ISHARES MSCI EAFE ETF 4.4
CIE GENERALE DES ETABLISSEMENT 3.6
CONVATEC GROUP PLC 3.4
TOTALENERGIES SE 3.2
NESTLE SA 3.2
MEDTRONIC PLC 3.1
NOVARTIS AG 3.1
JCDECAUX SE 3.0
ACCOR SA 3.0
GALAXY ENTERTAINMENT GROUP LTD 2.8
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.
as of 12/31/2023
Security Description
Country
Shares Par Value
Current Price ($)
Market Value ($)
% of Portfolio
{name} {country} {sharesParValue} {currentPriceBase} {marketBaseValue} {percentOfPortfolio}
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. Calculations for sectors and top holdings exclude cash equivalents. Data may not total due to rounding. For details regarding country code abbreviations, please visit this page.
For the data illustrated for Touchstone Domestic Equity Funds, Morningstar is the source. For the data illustrated for Touchstone Fixed Income Funds, International Equity Funds and Multi-Asset Funds, the fund’s sub-adviser is the source. All holdings data is sourced from BNY Mellon Asset Servicing.

Management

Management
Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.
Andrew Boczek

Andrew Boczek

Investment Experience since 1987 

Career Summary 
Fort Washington Investment Advisors, Inc.
Sentinel Asset Management Inc.
Legend Capital Management LLC
Artisan Partners LP 

Education 
MBA - University of Chicago Booth School of Business, with honors
BA - Cornell University, Phi Beta Kappa

Fees

Fees
Expense Fees for Share Class
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 1.36% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class Y Shares and 0.89% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/2024.

Distributions

Distributions

Resources

Resources
A WORD ABOUT RISK

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign and emerging markets securities, and depositary receipts, such as American Depositary Receipts, Global Depositary Receipts, and European Depositary Receipts, which carry the associated risks of economic and political instability, market liquidity, currency volatility and accounting standards that differ from those of U.S. markets and may offer less protection to investors. The risks associated with investing in foreign markets are magnified in emerging markets due to their smaller economies. Events in the U.S. and global financial markets, including actions taken to stimulate or stabilize economic growth may at times result in unusually high market volatility, which could negatively impact Fund performance and cause it to experience illiquidity, shareholder redemptions, or other potentially adverse effects. Banks and financial services companies could suffer losses if interest rates rise or economic conditions deteriorate. Current and future portfolio holdings are subject to change. The Adviser engages a sub-adviser to make investment decisions for the Fund’s portfolio; it may be unable to identify and retain a sub-adviser who achieves superior investment returns relative to other similar sub-advisers.

Consider Touchstone International Equity Fund for Your Portfolio

Touchstone International Equity Fund invests primarily in common stock of established companies across the capitalization spectrum located in or that conduct business mainly in one or more foreign countries. It seeks to provide long-term capital growth.
Contact Us

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 professional or download and/or request one on the resources section 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. All investing involves risk.

Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC.

Not FDIC Insured | No Bank Guarantee | May Lose Value

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

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CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.