Touchstone International Value Fund
Sub-Advised by: Barrow, Hanley, Mewhinney & Strauss LLC


The Fund seeks long-term capital growth by investing primarily in equity securities of non-U.S. companies.

Investment Style

  • Utilizes traditional methods of stock selection, research and analysis, to identify non-U.S. securities believed to be undervalued and searches for companies that have price-to-earnings and price-to-book ratios below the market, free cash flow ratios at or below the market, and dividend yields above the market
  • Focuses on companies that are out of favor due to internal or external challenges judged to be short-term in nature
  • Seeks to identify the reasons for a temporary undervaluation of a company's shares and believes that value can be added through individual stock selection
  • Utilizes risk management tools in an effort to prevent overexposure to particular market segments
  • Stock selection is driven by fundamental securities analysis on individual companies rather than by broad market themes
The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign securities, 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 value stocks which may not appreciate in value as anticipated or may experience a decline in value. The Fund may focus its investments in specific sectors and therefore be susceptible to positive or negative developments in the sector which may increase the Fund's volatility and magnify its effects on total return. Dividend issuing companies may choose not to pay a dividend or the dividend may be less than anticipated. 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

INST Shares
Portfolio Turnover Rate163%
Total Annual Fund Operating Expense Ratio21.73%
Net Annual Fund Operating Expense Ratio20.99%
Total Net Assets as of 6/30/2018 $16,802,756
Inception Date9/10/2012
Fiscal Year EndMarch 31st
BenchmarkMSCI EAFE Value Index3
Prospectus Date7/30/2018

1 Annualized as of 3/31/2018

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 1.34% for Class A Shares, 2.09% for Class C Shares, 1.09% for Class Y Shares and 0.99% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/18.

The MSCI EAFE Value Index captures large- and mid-cap securities exhibiting overall value style characteristics across developed markets countries around the world, excluding the U.S. and Canada.

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.