Touchstone Small Cap Growth Fund
Sub-Advised by: Fiera Capital Inc.


The Fund seeks to achieve long-term capital growth by investing primarily in equity securities of small-cap companies.

Investment Style

  • Invests in a diversified portfolio of common stocks of small-cap growth-oriented companies that are selected for their long-term capital appreciation potential and which are expected to grow faster than the U.S. economy
  • Uses an approach that combines 'top-down' secular/macro-economic theme analysis with 'bottom-up' security selection
  • 'Top-down' approach is thematic. Thematic investing seeks to identify secular growth trends that will provide a tailwind for companies that benefit from or that provide innovative solutions to major technological, economic, demographic, regulatory or societal changes
  • Applies fundamental 'bottom-up' research to identify individual companies which exhibit earnings growth potential and may benefit from the observed secular/macro themes
  • Typically invests 60-80% of its portfolio in 'established growth' companies which generally provide more stability and consistency in volatile markets
  • Typically invests 20-40% of its portfolio in companies that are in the earlier stages of their growth cycle that are recognized as 'emerging growth' companies which generally exhibit more aggressive growth characteristics and may be experiencing a significant positive transformation or a favorable catalyst impacting their long-term earnings potential
The Fund invests in equities which are subject to market volatility and loss. 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 growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund invests in emerging growth companies which typically have less ability to withstand any changes to their business prospects, may involve greater risk than is customarily associated with established companies and may have heightened liquidity risk and exposure to price movements. 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 other investment companies such as closed-end funds and ETFs which are subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolios; however, the price movements of the investment companies may not track the underlying securities or market index; the value of their shares may be lower than the value of the portfolio securities, and may be illiquid and shareholders will bear, indirectly, the additional expenses of investing in other investment 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.

Visit our Literature Center to find all the forms and literature you need.

Select Share Class:A C Y INST

Fund Facts

A Shares
Portfolio Turnover Rate168%
Total Annual Fund Operating Expense Ratio21.70%
Net Annual Fund Operating Expense Ratio21.44%
Total Net Assets as of 6/30/2018 $22,159,103
Inception Date8/13/2001
Fiscal Year EndMarch 31st
BenchmarkRussell 2000® Growth Index3
Prospectus Date7/30/2018

1 Annualized as of 3/31/2018

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 1.44% for Class A Shares, 2.19% for Class C Shares, 1.19% for Class Y Shares and 1.04% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/18.

3 The Russell 2000® Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth sales. Investing in an index is not possible.

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.

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.