TYBAX — Touchstone Anti-Benchmark International Core Equity Fund
Data updated: 2023-02-27
TYBAX — Touchstone Anti-Benchmark International Core Equity Fund. Japan Blend / Core Equity · $9.53M AUM. Holdings, fees, performance and SEC filings.
TYBAX Fund Overview
TYBAX — Touchstone Anti-Benchmark International Core Equity Fund is a US mutual fund managed by Touchstone Funds Group Trust, categorised as Japan Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Touchstone Funds Group Trust
- Category: Japan Blend / Core Equity
- Assets under management: $9.53M
- 1-year return: -17.2%
- Ticker: TYBAX
- SEC CIK: 0000914243
- SEC series ID: S000063210
- Share class ID: C000204885
TYBAX Investment Objective and Strategy
Touchstone Anti-Benchmark International Core Equity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Touchstone Funds Group Trust.
Investment objective
The Touchstone Anti-Benchmark International Core Equity Fund (the Fund) seeks capital appreciation.
Principal investment strategy
"The Fund invests, under normal market conditions, at least 80% of its assets in equity securities of non-U.S. issuers. The Funds 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior notice to shareholders. The Fund pursues its objective by seeking to track the net total return, before fees and expenses, of the TOBAM AntiBenchmark International Core Equity Index (the ""Index""). The Index is a proprietary rulesbased index created by the Fund's subadvisor, TOBAM S.A.S. (""TOBAM""), which is designed to create a more diversified portfolio of equity securities of non-U.S. issuers relative to traditional market capitalization weighted benchmarks. The Fund intends to fully replicate the Index to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index in the same approximate proportions as the Index.
The equity securities that comprise the Index primarily include common and preferred stock of non-U.S. companies that trade on foreign exchanges. TOBAM may replace the common or preferred stock of a foreign issuer with a depositary receipt when it deems the depositary receipt to be more liquid than the corresponding stock. In determining whether a company is foreign, TOBAM primarily looks to both the country of incorporation and the main listing country. If both of these countries are non-U.S., the company is considered non-U.S. for purposes of inclusion in the Index. The Index is comprised of securities of issuers located in developed markets. TOBAM considers the following countries to be developed markets for these purposes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.
The Index is based on TOBAM's proprietary quantitative model, which selects and weights companies to maximize diversification. TOBAM quantitatively selects securities, subject to certain constraints, that maximize the portfolio's patented Diversification Ratio, a proprietary mathematical metric based on the volatility of each Index constituent and its correlation to the other Index constituents. Such constraints include a minimum and maximum weight for any given stock, as well as geographic and country constraints. TOBAM's Anti-Benchmark strategy seeks to avoid the concentration risk that exists in traditional market capitalization-weighted indices through its quantitative approach to diversification. The Index typically is reconstituted (i.e., Index constituents are added or deleted and weights are reset) monthly.
The Fund is rebalanced following the same schedule as the Index."
TYBAX Performance
Total returns for TYBAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -17.2% |
| 3 years (annualised) | -4.1% |
TYBAX Risk Information
Risk metrics for TYBAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.2%
TYBAX Costs and Fees
TYBAX costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 4.49%
- Portfolio turnover: 84%
- Brokerage commissions: 6.03 bps of average net assets (SEC N-CEN)
TYBAX Cashflows
Over the 12 months to 2022-12, Touchstone Anti-Benchmark International Core Equity Fund had net outflows of $1.92M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-12 | $13.61K |
| 2022-11 | −$23.75K |
| 2022-10 | −$37.51K |
| 2022-09 | −$16.27K |
| 2022-08 | $9.44K |
| 2022-07 | −$5.36K |
TYBAX Debt Constituents
No individual debt constituents are reported in Touchstone Anti-Benchmark International Core Equity Fund's latest SEC N-PORT filing.
TYBAX Prospectus and SEC Filings
Official Touchstone Anti-Benchmark International Core Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-26
- Prospectus (485BPOS) — filed 2022-01-27
- Prospectus (485BPOS) — filed 2021-01-27
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-28
- Portfolio holdings (N-PORT) — filed 2022-08-25
- Annual census (N-CEN) — filed 2022-12-12
- Annual census (N-CEN) — filed 2021-12-07
Related Funds
Other Japan Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.