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

Portfolio Characteristics as of 6/30/2014
Market Capitalization $32.4 Billion
Price Earnings Ratio13.3
Beta(vs Benchmark)10.90
Number of Holdings69
Active Share81

1Beta measures a fund’s market-rated risk. By definition, the market beta is 1.00.

Top Country Allocation as of 6/30/2014(% of Portfolio)
China / Hong Kong17.8
South Korea13.9
Brazil11.2
India10.2
Mexico7.6
Taiwan6.0
South Africa5.8
United Kingdom4.5
Thailand4.4
Malaysia3.0
Full Holdings as of 6/30/2014
CUSIPTickerSecurity DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
02364W105AMXAMERICA MOVIL-ADR SERIES LMX187,77520.753,896,3311.1
483548SABSABMILLER PLCGB196,39557.9811,387,3613.1
2257127VALE5VALE SA-PREFBR299,56711.893,560,3661.0
2299453ENERSISENERSIS SACL20,566,575.346,932,1981.9
2307873ELDELDORADO GOLD CORPCA455,8437.653,485,9460.9
2421041GFNORTEOGRUPO FINANCIERO BANORTE-OMX1,046,0387.157,480,7422.0
2491914KIMBERAKIMBERLY-CLARK DE MEXICO-AMX1,442,4942.814,048,3451.1
2516710LAME4LOJAS AMERICANAS SA-PREFBR1,077,5856.376,866,8921.9
2645517GGBR4GERDAU SA-PREFBR481,2285.892,833,5720.8
2684532PETR4PETROBRAS - PETROLEO BRAS-PRBR401,8197.833,144,3540.9
344419106FMXFOMENTO ECONOMICO MEX-SP ADRMX54,73293.655,125,6521.4
4519449KOMBKOMERCNI BANKA ASCZ21,274230.004,892,9411.3
6002453522ASM PACIFIC TECHNOLOGYHK86,34310.93943,5970.3
6075745CIMBCIMB GROUP HOLDINGS BHDMY1,780,7932.284,059,6091.1
6099626RILRELIANCE INDUSTRIES LTDIN336,55116.885,681,8341.5
6100186MMMAHINDRA & MAHINDRA LTDIN228,73719.074,362,9081.2
6139362NONGCOIL & NATURAL GAS CORP LTDIN769,6177.065,436,3921.5
6143761LPCLUPIN LTDIN242,70817.434,229,2811.1
6153339AEGAVENG LTDZA1,036,4582.182,256,1360.6
6192150688CHINA OVERSEAS LAND & INVESTHK2,677,7592.436,495,3901.8
6226576857PETROCHINA CO LTD-HCN3,087,1481.263,899,5641.1
6294896HCLTHCL TECHNOLOGIES LTDIN145,70024.943,634,0821.0
6339872142FIRST PACIFIC COHK3,769,5641.124,211,9661.1
63457831476ECLAT TEXTILE COMPANY LTDTW181,00012.122,194,4540.6
6349688TFGTHE FOSCHINI GROUP LTDZA571,57510.485,992,5351.6
63721679921GIANT MANUFACTURINGTW998,1307.797,772,2962.1
639750255550SHINHAN FINANCIAL GROUP LTDKR192,18746.308,898,9532.4
64355764WHARF HOLDINGS LTDHK1,036,0967.207,459,5062.0
6442327NBHARTIBHARTI AIRTEL LIMITEDIN531,1955.602,975,4690.8
6490928270KIA MOTORS CORPORATIONKR123,80955.946,925,8641.9
6563206MTNMTN GROUP LTDZA287,89521.066,063,5261.6
6609906SCC/FSIAM CEMENT PUB CO-FOR REGTH102,41214.051,438,9110.4
6609928SCCRSIAM CEMENT PCL-NVDRTH108,92513.931,516,9960.4
6651048BMRIBANK MANDIRI PERSERO TBK PTID3,896,720.823,196,5920.9
66932335490POSCOKR14,709300.454,419,3871.2
6704351210DAPHNE INTERNATIONAL HOLDINGCN4,704,170.391,845,1530.5
67439562338WEICHAI POWER CO LTD-HCN2,426,8793.869,378,2312.5
6752349ROTHBRITISH AMERICAN TOBACCO BHDMY343,80320.417,017,3931.9
67717205930SAMSUNG ELECTRONICS CO LTDKR12,2101306.5815,953,3704.3
6853468KPLDKEPPEL LAND LTDSG1,296,9892.713,515,7771.0
6888794KBANK/FKASIKORNBANK PCL-FOREIGNTH532,9166.323,366,1310.9
68891062330TAIWAN SEMICONDUCTOR MANUFACTW2,900,4554.2412,288,4173.3
6903556322TINGYI (CAYMAN ISLN) HLDG COCN1,192,5002.803,338,8280.9
6928560303VTECH HOLDINGS LTDHK590,87713.297,852,5412.1
752344309GOLDRANDGOLD RESOURCES LTD-ADRJE63,31984.605,356,7871.5
84265V105SCCOSOUTHERN COPPER CORPUS7,82530.37237,6450.1
88031M109TSTENARIS SA-ADRLU174,88247.158,245,6862.2
881624209TEVATEVA PHARMACEUTICAL-SP ADRIL58,86552.423,085,7030.8
91912E105VALEVALE SA-SP ADRBR144,55613.231,912,4760.5
B00FM53BBDC4BANCO BRADESCO SA-PREFBR569,23014.538,269,8722.2
B00G0S5883CNOOC LTDCN4,097,1771.807,358,6792.0
B02YZ04WALMEXVWALMART DE MEXICO-SER VMX2,811,8552.687,538,1602.0
B030K62TOPRTHAI OIL PCL-NVDRTH1,881,1511.603,014,0150.8
B03MYN3TCELLTURKCELL ILETISIM HIZMET ASTR635,3286.253,973,4241.1
B03MYP5GARANTURKIYE GARANTI BANKASITR938,2793.913,671,4491.0
B03MYT9TUPRSTUPRAS-TURKIYE PETROL RAFINETR60,59923.321,413,0040.4
B06KZ97WHLWOOLWORTHS HOLDINGS LTDZA978,2897.357,188,8371.9
B08K3S0RENT3LOCALIZA RENT A CARBR128,50016.452,114,0420.6
B0C1DM3NBHFCBHARAT FORGE LIMITEDIN500,17110.415,205,8701.4
B0JGGP5ITCITC LTDIN1,148,7515.406,208,3551.7
B10LQP6TOTS3TOTVS SABR343,89317.225,922,2131.6
B1359J0PTTEP/FPTT EXPLORATION & PROD-FORTH1,327,1695.166,849,5091.9
B1DN3X63983CHINA BLUECHEMICAL LTD - HCN6,720,031.553,667,6471.0
B1G1QD81398IND & COMM BK OF CHINA-HCN14,618,461.639,242,1632.5
B1H6R62ODPV3ODONTOPREV S.A.BR1,630,8934.317,034,3561.9
B3S98W7138930BS FINANCIAL GROUP INCKR485,72814.737,152,9441.9
B7T5KQ0161390HANKOOK TIRE CO LTDKR148,62859.708,872,4362.4
BD4T6W7TLKMTELEKOMUNIKASI INDONESIA PERID23,036,970.214,790,0571.3
G2519Y108BAPCREDICORP LTDPE63,808155.479,920,2302.7
Top 10 Holdings as of 8/31/2014
Security Description
% of
Portfolio
1. SAMSUNG ELECTRONICS CO LTD3.9
2. SABMILLER PLC2.9
3. TAIWAN SEMICONDUCTOR MANUFAC2.6
4. CREDICORP LTD2.6
5. IND & COMM BK OF CHINA-H2.6
6. WEICHAI POWER CO LTD-H2.3
7. BS FINANCIAL GROUP INC2.2
8. BANCO BRADESCO SA-PREF2.2
9. GIANT MANUFACTURING2.2
10. CNOOC LTD2.2

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 Fund Characteristics, Holdings, Sector Allocation, Industries, Regional Exposure, and Credit Quality is as follows: For Touchstone Domestic Equity Funds – Morningstar is the source. For Russell index information – the Frank Russell Company is the source and owner. For Touchstone Fixed Income Funds, Diversified Income Funds, Alternative Investment Funds and International Equity Funds – the fund’s sub-advisor (as well as BondEdge for Fixed Income Funds) is the source. Calculations for sectors and holdings include cash equivalents.