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Touchstone Sands Capital Emerging Markets Growth Fund
mutual fund
TSRMX
Payout Change
Pending
Price as of:
$14.72
+0.06
+0.41%
primary theme
Emerging Markets Equity
share class
TSRMX (Mutual Fund)
Touchstone Sands Capital Emerging Markets Growth Fund
Payout Change
Pending
Price as of:
$14.72
+0.06
+0.41%
primary theme
Emerging Markets Equity
share class
TSRMX (Mutual Fund)
Touchstone Sands Capital Emerging Markets Growth Fund
Payout Change
Pending
Price as of:
$14.72
+0.06
+0.41%
primary theme
Emerging Markets Equity
share class
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.0%
1 yr return
6.3%
3 Yr Avg Return
-8.3%
5 Yr Avg Return
N/A
Net Assets
$2.22 B
Holdings in Top 10
48.1%
52 WEEK LOW AND HIGH
$14.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TSRMX - Profile
Distributions
- YTD Total Return 5.0%
- 3 Yr Annualized Total Return -8.3%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.59%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTouchstone Sands Capital Emerging Markets Growth Fund
-
Fund Family NameTouchstone Funds
-
Inception DateApr 26, 2021
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeil Kansari
Fund Description
The Fund invests, under normal market conditions, at least 80% of its assets (including borrowings for investment purposes) in equity and equity-related securities issued by companies in “emerging” or “frontier” market countries. The Fund’s 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund invests primarily in a portfolio of equity securities such as common stock, preferred stock, and depositary receipts. Emerging or frontier market companies are companies of any size that are economically tied to emerging or frontier markets. The Fund will generally consider qualifying investments to be in companies that are organized under the laws of, or maintain their principal place of business in, an emerging or frontier market country; have securities that are principally traded in such countries; or derive at least 50% of revenues or profits from, or have at least 50% of their assets in, such countries. The Fund generally invests in a portfolio of 30 to 50 issuers selected on the basis of “bottom-up” research undertaken by the sub-adviser, Sands Capital Management, LLC (“Sands Capital”).The Fund classifies emerging markets as those countries not included in the MSCI World Index, a developed market index. As of June 30, 2024, the countries in the MSCI World Index included: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. The country composition of the MSCI World Index can change over time. Frontier markets are those emerging market countries that have the smallest, least mature economies and least developed capital markets. The Fund classifies frontier markets as those countries included in the MSCI Frontier Markets Index. As of June 30, 2024, the countries in the MSCI Frontier Markets Index included:Bahrain, Bangladesh, Benin, Burkina Faso, Croatia, Estonia, Iceland, Ivory Coast, Jordan, Kazakhstan, Kenya, Latvia, Lithuania, Mauritius, Morocco, Niger, Oman, Pakistan, Romania, Senegal, Serbia, Slovenia, Sri Lanka, Tunisia and Vietnam.Sands Capital uses a “bottom-up” approach to investment selection, as opposed to sector or regional allocations that focuses on a company’s long-term business fundamentals. Therefore, the Fund may overweight certain geographies or sectors and may underweight other geographies or sectors. Sands Capital looks for companies that have: sustainable above-average earnings growth; a leadership position in a promising business space; significant competitive advantages, such as profitability, superior quality, or distribution relative to competitors, or strong brand and consumer loyalty; a clear mission in an understandable business model; financial strength; and a rational valuation in relation to competitors, the market, and business prospects.As an integral part of the evaluation of a company, Sands Capital considers corporate governance, social, and environmental factors (collectively, “ESG”) when it believes such factors may be material to the long-term shareowner value creation potential of the company. Sands Capital utilizes proprietary ESG-related research to enhance its evaluation of portfolio businesses. The relevance and materiality of ESG factors vary and are highly dependent on the region, country, industry, and company. Sands Capital’s analysis of these factors is integrated into the investment decision making process to the extent it believes they may affect a company’s value creation potential.Sands Capital generally intends for the Fund’s investments to be held for an average term of three to five years, although the Fund may hold any investment for any length of time. Sands Capital generally considers selling a security when it no longer meets the investment criteria outlined above, for risk management purposes, or if a more attractive investment opportunity presents itself.The Fund is non-diversified and may invest a significant percentage of its assets in the securities of a single company.
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TSRMX - Performance
Return Ranking - Trailing
| Period | TSRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -22.8% | 34.2% | 74.00% |
| 1 Yr | 6.3% | -21.0% | 33.0% | 78.43% |
| 3 Yr | -8.3%* | -11.5% | 10.6% | 96.75% |
| 5 Yr | N/A* | -6.7% | 10.4% | 31.64% |
| 10 Yr | N/A* | -1.5% | 8.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | TSRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.0% | -6.5% | 35.5% | 27.53% |
| 2022 | -34.7% | -50.1% | -2.4% | 93.08% |
| 2021 | N/A | -33.1% | 22.5% | N/A |
| 2020 | N/A | -22.1% | 80.1% | N/A |
| 2019 | N/A | -0.7% | 42.0% | N/A |
Total Return Ranking - Trailing
| Period | TSRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.0% | -22.8% | 34.2% | 74.00% |
| 1 Yr | 6.3% | -21.0% | 33.0% | 78.43% |
| 3 Yr | -8.3%* | -11.5% | 10.6% | 96.75% |
| 5 Yr | N/A* | -6.7% | 10.4% | 30.69% |
| 10 Yr | N/A* | -1.5% | 8.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | TSRMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.0% | -1.0% | 42.0% | 49.93% |
| 2022 | -34.7% | -42.2% | 1.9% | 96.61% |
| 2021 | N/A | -32.5% | 33.1% | N/A |
| 2020 | N/A | -20.0% | 81.6% | N/A |
| 2019 | N/A | 2.3% | 42.0% | N/A |
NAV & Total Return History
TSRMX - Holdings
Concentration Analysis
| TSRMX | Category Low | Category High | TSRMX % Rank | |
|---|---|---|---|---|
| Net Assets | 2.22 B | 682 K | 111 B | 22.22% |
| Number of Holdings | 40 | 9 | 7534 | 94.44% |
| Net Assets in Top 10 | 1.09 B | 290 K | 23.8 B | 19.09% |
| Weighting of Top 10 | 48.07% | 2.9% | 101.1% | 7.56% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 9.10%
- Mercadolibre Inc COM USD0.001 6.17%
- Bajaj Finance Ltd. INR2 4.86%
- Nu Holdings Ltd. ORD SHS CL A 4.71%
- Tencent Holdings Ltd. HKD0.00002 4.47%
- HDFC Bank Ltd. INR1 4.27%
- Britannia Industries Ltd. INR1(POST SUBDIVISION) 4.07%
- Titan Co Ltd. INR1 3.54%
- Sea Ltd. ADS EACH REP ONE CL A SHS 3.52%
- ANTA Sports Products Ltd. HKD0.10 3.37%
Asset Allocation
| Weighting | Return Low | Return High | TSRMX % Rank | |
|---|---|---|---|---|
| Stocks | 98.39% | 0.00% | 103.28% | 32.48% |
| Cash | 2.90% | -2.03% | 98.08% | 26.50% |
| Preferred Stocks | 0.00% | 0.00% | 13.31% | 78.06% |
| Other | 0.00% | -1.11% | 39.53% | 59.69% |
| Convertible Bonds | 0.00% | 0.00% | 7.40% | 47.49% |
| Bonds | 0.00% | 0.00% | 95.13% | 51.71% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TSRMX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.87% | 0.00% | 48.86% | 42.28% |
| Consumer Cyclical | 21.66% | 0.00% | 48.94% | 6.20% |
| Technology | 15.10% | 0.00% | 47.50% | 89.18% |
| Communication Services | 13.85% | 0.00% | 39.29% | 5.48% |
| Healthcare | 12.08% | 0.00% | 16.53% | 9.38% |
| Consumer Defense | 6.65% | 0.00% | 25.90% | 38.38% |
| Industrials | 2.94% | 0.00% | 43.53% | 87.88% |
| Basic Materials | 2.01% | 0.00% | 30.03% | 92.64% |
| Energy | 1.65% | 0.00% | 24.80% | 78.93% |
| Real Estate | 1.19% | 0.00% | 17.15% | 62.77% |
| Utilities | 0.00% | 0.00% | 39.12% | 83.69% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TSRMX % Rank | |
|---|---|---|---|---|
| Non US | 59.49% | 0.00% | 100.52% | 96.01% |
| US | 38.90% | 0.00% | 100.95% | 3.42% |
TSRMX - Expenses
Operational Fees
| TSRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.05% | 0.03% | 29.98% | 71.71% |
| Management Fee | 0.86% | 0.00% | 2.00% | 47.50% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.15% | 0.01% | 0.85% | 69.81% |
Sales Fees
| TSRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| TSRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TSRMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 28.00% | 0.00% | 189.00% | 23.55% |
TSRMX - Distributions
Dividend Yield Analysis
| TSRMX | Category Low | Category High | TSRMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 9.74% | 95.73% |
Dividend Distribution Analysis
| TSRMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| TSRMX | Category Low | Category High | TSRMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.59% | -1.98% | 17.62% | 90.68% |
Capital Gain Distribution Analysis
| TSRMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2022 | $0.002 | OrdinaryDividend |
| Dec 29, 2021 | $0.385 | OrdinaryDividend |
TSRMX - Fund Manager Analysis
Managers
Neil Kansari
Start Date
Tenure
Tenure Rank
May 12, 2014
8.06
8.1%
Neil Kansari, Research Analyst and Senior Portfolio Manager, joined Sands Capital in June 2008. Prior to 2008, Mr. Kansari worked as an Associate, Sr. Business Analyst at PRTM in Waltham, Massachusetts, from 2002 to 2006. From 1999 to 2002, he worked as a Graduate Research Assistant for the Department of Electrical Engineering at the University of Virginia in Charlottesville, Virginia. From 1996 to 1999, he worked as an Application Analyst at Millennium Solutions, Universal Impex and as an Accounting Trainee at Mahajan & Aibara: Shah Gupta & Co. in Mumbai, India. Mr. Kansari earned his BE in Electronics Engineering from the University of Mumbai (1996), and his MS in Electrical Engineering from the University of Virginia (2002). He also earned his MBA from the Darden School of Business (2008).
Ashraf Haque
Start Date
Tenure
Tenure Rank
May 12, 2014
8.06
8.1%
Sr. Portfolio Manager, Research Analyst Joined Sands Capital in 2008 Research Analyst (2008-2013) Chesapeake Partners (2007-2008) Baltimore, MD • Investment Analyst McKinsey & Company (2003-2005) Chicago, IL • Business Analyst GH Smart & Company (2001-2003) Chicago, IL • Director, Business Development Harvard University MBA, Harvard Business School (2007) Northwestern University BA, Mathematical Methods in the Social Sciences and Economics (2001)
Brian Christiansen
Start Date
Tenure
Tenure Rank
May 12, 2014
8.06
8.1%
Joined Sands Capital in 2006 • Research Analyst (2008-2013) • Research Associate (2006-2008) Yale University • MBA, School of Management (2009) • BA, Economics (2005)
Teeja Boye
Start Date
Tenure
Tenure Rank
Mar 31, 2022
0.17
0.2%
Mr. Teeja Boye, Senior Research Analyst and Portfolio Manager, joined Sands Capital in 2014 as a Research Analyst. Prior to 2008, Mr. Boye worked as an Investment Analyst for Insparo Asset Management in London, UK, from 2008 to 2013. From 2006 to 2008, he worked as an Associate Analyst for UBS in London, UK. Mr. Boye received his BSc in Economics and Economic History from the London School of Economics in 2006. He also earned his MBA from the University of Virginia in 2019.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 33.71 | 6.68 | 13.42 |
