Touchstone International Growth Opportunities Fund Institutional Class
DSMGX
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- Touchstone International Growth Opportunities Fund Institutional Class (DSMGX) is a mutual fund series of Touchstone Strategic Trust that seeks long-term capital appreciation through investments primarily in equity securities of non-U.S. companies exhibiting growth characteristics; under normal circumstances, the Fund normally invests at least 80% of its net assets in common stocks of foreign companies, including those in emerging markets, selected for their high-quality business models, sustainable competitive advantages, and attractive long-term growth prospects. The Institutional Class shares (ticker: DSMGX) are offered to institutional investors with a minimum initial investment, alongside Class A (TGGAX), Class C (TGGCX), and Class Y (TYGGX) shares, each with applicable sales loads, 12b-1 fees, or no-load structures depending on the class. Touchstone Advisors, Inc. serves as the investment adviser, with DSM Capital Partners LLC acting as sub-adviser and portfolio managers Daniel Strickberger, Dave McVey, and Eric Woodworth overseeing the strategy until recent transitions. The Fund, launched on March 28, 2012, and based at Touchstone Investments' headquarters in Cincinnati, Ohio, targets institutional and high-net-worth investors seeking exposure to international large-cap growth equities across developed and emerging markets worldwide; it focuses on companies with strong fundamentals, emphasizing sectors such as technology, consumer discretionary, and healthcare. Geographic operations span global markets outside the U.S., with allocations typically favoring Europe, Asia-Pacific, and select emerging regions. In September 2020, the Fund underwent a tax-free reorganization, merging into Touchstone International Small Cap Fund, with shareholders receiving approximately 1.88 to 1.92 shares of the acquiring fund per DSMGX share based on relative net asset values. More recently, in June 2024, Touchstone International Growth Fund (encompassing DSMGX Institutional Class) completed another reorganization into Touchstone Sands Capital International Growth Equity Fund, shifting sub-advisory oversight to Sands Capital Management, LLC, with portfolio managers Sunil H. Thakor, David E. Levanson, and Danielle Menichella; this consolidation aimed to enhance economies of scale, reduce advisory fees from 0.80% to 0.65%, and lower expense limitations (e.g., Institutional Class from 0.89% to 0.86% net). These strategic changes reflect Touchstone Investments' ongoing efforts to streamline its lineup, as seen in prior integrations like the 2021 acquisition of AIG SunAmerica mutual funds and 2016 launch of related international growth strategies.