Touchstone Emerging Markets Equity Fund Sub-Advised by: AGF Investments America Inc.

Portfolio Characteristics as of 3/31/2015
Market Capitalization $32.3 Billion
Price Earnings Ratio113.4
Number of Holdings ^72
Active Share81

1 Price Earnings Ratio is calculated using the weighted harmonic average which reduces the impact of extreme observations on the aggregate calculation by weighting them based on their size in the portfolio.

^ Number of holdings may include cash equivalents.

Top Country Allocation as of 3/31/2015(% of Portfolio)
China / Hong Kong16.9
India15.7
South Korea13.0
Taiwan9.1
Mexico8.0
Brazil7.6
Thailand4.9
South Africa4.4
United Kingdom3.5
Peru3.3
Full Holdings as of 3/31/2015
TickerSecurity DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ALPHAALPHA BANK A.E.GR3,917,300.301,160,3600.36
AMXAMERICA MOVIL-SPN ADR CL LMX181,83220.463,720,2831.14
522ASM PACIFIC TECHNOLOGYHK82,74810.41861,2900.26
BBDC4BANCO BRADESCO SA-PREFBR679,1569.286,305,2061.93
BMRIBANK MANDIRI PERSERO TBK PTID3,890,573.953,710,3211.14
NBHFCBHARAT FORGE LIMITEDIN482,53820.419,850,2583.01
NBHARTIBHARTI AIRTEL LIMITEDIN512,8056.283,220,4040.99
ROTHBRITISH AMERICAN TOBACCO BHDMY331,45918.546,144,2561.88
138930BS FINANCIAL GROUP INCKR488,48713.686,680,1932.04
3983CHINA BLUECHEMICAL LTD - HCN4,042,731.381,542,8380.47
688CHINA OVERSEAS LAND & INVESTHK2,218,7073.237,165,0852.19
883CNOOC LTDCN3,952,7921.415,578,6761.71
BAPCREDICORP LTDPE50,290140.637,072,2832.16
210DAPHNE INTERNATIONAL HOLDINGCN4,699,954.341,576,2200.48
2308DELTA ELECTRONICS INCTW645,9086.304,070,1501.25
1476ECLAT TEXTILE COMPANY LTDTW303,93813.103,982,7281.22
ELDELDORADO GOLD CORPCA334,9054.591,536,2980.47
ENERSISENERSIS SACL14,406,206.334,713,3321.44
142FIRST PACIFIC COHK3,640,9921.003,635,0511.11
FMXFOMENTO ECONOMICO MEX-SP ADRMX52,97093.504,952,6951.52
LABBGENOMMA LAB INTERNACIONAL-BMX1,779,300.931,662,2430.51
GGBR4GERDAU SA-PREFBR462,3133.191,473,1790.45
9921GIANT MANUFACTURINGTW767,0919.657,400,1782.26
GFNORTEOGRUPO FINANCIERO BANORTE-OMX1,306,1705.807,573,1912.32
161390HANKOOK TIRE CO LTDKR142,88240.805,829,8971.78
HCLTHCL TECHNOLOGIES LTDIN410,06615.626,405,9311.96
3658HERMES MICROVISION INCTW48,40057.532,784,5500.85
1398IND & COMM BK OF CHINA-HCN9,952,230.747,361,4882.25
ITCITC LTDIN1,107,7705.205,758,8271.76
KBANK/FKASIKORNBANK PCL-FOREIGNTH520,3927.073,677,7891.13
270KIA MOTORS CORPKR119,17740.644,843,1061.48
KIMBERAKIMBERLY-CLARK DE MEXICO-AMX1,399,0622.092,923,1390.89
KOMBKOMERCNI BANKA ASCZ30,578215.706,595,6302.02
RENT3LOCALIZA RENT A CARBR410,36011.464,703,3481.44
LAME4LOJAS AMERICANAS SA-PREFBR739,6495.173,823,9131.17
LPCLUPIN LTDIN233,26732.097,486,1632.29
MMMAHINDRA & MAHINDRA LTDIN220,69618.984,189,0801.28
MTNMTN GROUP LTDZA193,72816.863,265,7031.00
ODPV3ODONTOPREV S.A.BR1,571,4333.435,391,4841.65
NONGCOIL & NATURAL GAS CORP LTDIN742,8374.893,636,1161.11
857PETROCHINA CO LTD-HCN2,996,1371.113,327,2081.02
5490POSCOKR11,207218.572,449,4910.75
PTTEP/FPTT EXPLORATION & PROD-FORTH1,726,1923.355,780,1711.77
GOLDRANDGOLD RESOURCES LTD-ADRJE40,97369.272,838,2000.87
RILRELIANCE INDUSTRIES LTDIN325,79013.214,302,7021.32
SABSABMILLER PLCGB159,53352.388,356,5832.56
5930SAMSUNG ELECTRONICS CO LTDKR11,6481296.7515,104,5834.62
55550SHINHAN FINANCIAL GROUP LTDKR180,00537.576,762,7562.07
SCCRSIAM CEMENT PCL-NVDRTH105,72315.731,663,2720.51
SCC/FSIAM CEMENT PUB CO-FOR REGTH98,96015.671,551,0330.47
SCCOSOUTHERN COPPER CORPUS125,07929.183,649,8051.12
2330TAIWAN SEMICONDUCTOR MANUFACTW2,338,1134.6510,866,5243.32
TLKMTELEKOMUNIKASI INDONESIA PERID22,334,294.224,924,6201.51
TSTENARIS SA-ADRLU168,15328.004,708,2841.44
700TENCENT HOLDINGS LTDCN224,19118.994,257,3691.30
TEVATEVA PHARMACEUTICAL-SP ADRIL56,62162.303,527,4881.08
TOPRTHAI OIL PCL-NVDRTH1,825,3621.602,913,3870.89
TFGTHE FOSCHINI GROUP LTDZA276,79214.874,115,3241.26
322TINGYI (CAYMAN ISLN) HLDG COCN1,160,3002.152,498,1320.76
TOTS3TOTVS SABR149,46611.481,716,3850.53
TINXXTOUCHSTONE-I MMUS6,121,4601.006,121,4601.87
TUPRSTUPRAS-TURKIYE PETROL RAFINETR58,09523.691,376,3660.42
TCELLTURKCELL ILETISIM HIZMET ASTR615,9565.133,159,2890.97
GARANTURKIYE GARANTI BANKASITR655,9363.262,139,0640.65
NUNTPUNITED PHOSPHORUS LTDIN765,2487.075,406,6421.65
VALE5VALE SA-PREFBR67,4634.85327,2160.10
VALEVALE SA-SP ADRBR139,7515.65789,5930.24
303VTECH HOLDINGS LTDHK326,15214.254,647,6731.42
WALMEX*WALMART DE MEXICO SAB DE CVMX1,941,0792.494,836,9501.48
2338WEICHAI POWER CO LTD-HCN1,647,9973.866,353,8891.94
4WHARF HOLDINGS LTDHK774,5256.985,406,8401.65
WHLWOOLWORTHS HOLDINGS LTDZA946,2797.096,708,8592.05
Top 10 Holdings as of 3/31/2015
Security Description
% of
Portfolio
1. SAMSUNG ELECTRONICS CO. LTD.4.7
2. TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.3.4
3. BHARAT FORGE LTD.3.1
4. SABMILLER PLC2.6
5. GRUPO FINANCIERO BANORTE2.4
6. LUPIN LTD.2.3
7. GIANT MANUFACTURING CO., LTD.2.3
8. INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.2.3
9. CHINA OVERSEAS LAND & INVESTMENT LTD.2.2
10. CREDICORP LTD.2.2

Data may not total due to rounding.

Active Share measures the percentage of the Fund's holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.

The data illustrated for Touchstone Domestic Equity Funds – Morningstar is the source. For Russell index information – the Frank Russell Company is the source and owner. For MSCI index information- the MSCI is the source and owner. The data illustrated for Touchstone Fixed Income Funds, Diversified Income Funds, Alternative Investment Funds, International Equity Funds, Asset Allocation Funds and Money Market Funds – the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.