Fund Evaluator:
Touchstone Sands Cptl Emerg Mkts Gr Y (TSEMX)
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Fund Details
Touchstone Sands Cptl Emerg Mkts Gr Y Overview
Touchstone Sands Cptl Emerg Mkts Gr Y (TSEMX) is an actively managed International Equity Diversified Emerging Mkts fund. Touchstone launched the fund in 2014.
The investment seeks long-term capital appreciation. 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. It invests primarily in a portfolio of equity securities such as common stock, preferred stock, and depositary receipts. The fund is non-diversified.
About Touchstone Sands Cptl Emerg Mkts Gr Y (TSEMX)
There are 2 members of the management team with an average tenure of 8.29 years: Brian Christiansen (2014), Teeja Boye (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg Gbl Wd ex US L-M NR USD index with a weighting of 100% and Bloomberg Emg Mkt Large Mid Cap NR USD index with a weighting of 100%. Touchstone Sands Cptl Emerg Mkts Gr Y has 51 securities in its portfolio. The top 10 holdings constitute 54.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Touchstone Sands Cptl Emerg Mkts Gr Y is part of the Equity global asset class and is within the International Equity fund group. Touchstone Sands Cptl Emerg Mkts Gr Y has 96.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.5%. There is 96.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Touchstone Sands Cptl Emerg Mkts Gr Y has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $505 million in total assets, which is below the $967 million average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TSEMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Touchstone Sands Cptl Emerg Mkts Gr Y expense ratio is high compared to funds in the Diversified Emerging Mkts category. Touchstone Sands Cptl Emerg Mkts Gr Y has an expense ratio of 1.15%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Touchstone Sands Cptl Emerg Mkts Gr Y has a portfolio turnover rate of 51%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of July 2026, Touchstone Sands Cptl Emerg Mkts Gr Y returned -6.1%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of -4.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Touchstone Sands Cptl Emerg Mkts Gr Y has a trailing yield of 0.72%, which is below the 1.72% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Touchstone Sands Cptl Emerg Mkts Gr Y Grades
Year to date, the fund has returned 16.3%, 2.8 percentage points worse than the category, which translates into a grade of D. The fund has returned 26.4% over the past year (grade of F), 11.9% over the past three years (grade of F) and -1.3% per year over the past five years (grade of F) and 7.4% per year over the past 10 years (grade of D).
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TSEMX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TSEMX Return (NAV) | -6.1% | 4.4% | 26.4% | 11.9% | -1.3% | 7.4% |
| TSEMX Grade | C | B | F | F | F | D |
| +/- Category | -1.2% | 2.0% | -9.5% | -6.0% | -7.8% | -1.3% |
| Diversified Emerging Mkts Avg | -4.9% | 2.4% | 35.9% | 17.9% | 6.5% | 8.7% |
| TSEMX Tax Cost Ratio | na | na | 0.3% | 0.1% | 0.2% | 0.1% |
TSEMX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TSEMX Return (NAV) | 16.3% | 20.3% | 2.6% | 10.9% | -34.8% | -10.1% | 52.3% | 27.3% | -13.3% | 38.3% | 1.7% |
| TSEMX Grade | D | F | F | C | F | F | A | B | A | C | F |
| +/- Category | -2.8% | -11.1% | -3.6% | -1.2% | -12.1% | -9.8% | 30.7% | 5.5% | 3.1% | 1.7% | -6.9% |
| Diversified Emerging Mkts Avg | 19.1% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 15.8% |
| Total Risk Index: | 1.29 - Above Average |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (34% Rank) |
| Beta: | 1.00 |
| R-Squared: | 77% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $2269 Mil |
| Fund Total Assets: | $ 505 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 51% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.2 years | |||
| Average Tenure: 8.3 years | |||
| Managers (Year): Christiansen Brian (2014), Boye Teeja (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 54.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 96.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.5% |
| Foreign Stock: | 96.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Touchstone |
| Phone Number: | 800-543-0407 |
| Website: | www.touchstoneInvestments.com |
| Status: | Open |
| Inception Date: | May 9, 2014 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.15% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Touchstone Sands Cptl Emerg Mkts Gr Inst |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
