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

Portfolio Characteristics as of 6/30/2015
Market Capitalization $31.2 Billion
Price Earnings Ratio112.8
Number of Holdings ^72
Active Share80

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 6/30/2015(% of Portfolio)
China / Hong Kong17.3
India13.5
South Korea12.1
Taiwan11.2
Mexico9.0
Brazil7.6
South Africa4.7
Thailand4.6
United Kingdom3.4
Peru3.4
Full Holdings as of 6/30/2015
Security DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ALPHA BANK A.E.GR4,536,322.301,368,5580.42
AMERICA MOVIL-SPN ADR CL LMX183,63221.313,913,1981.20
ASM PACIFIC TECHNOLOGYHK82,7489.90818,9010.25
BANCO BRADESCO SA-PREFBR700,0569.176,417,1581.97
BANK MANDIRI PERSERO TBK PTID5,501,845.754,135,9031.27
BHARAT FORGE LIMITEDIN487,03816.678,116,8242.49
BHARTI AIRTEL LIMITEDIN229,1056.591,509,1750.46
BNK FINANCIAL GROUP INCKR495,98712.716,305,8681.94
BRITISH AMERICAN TOBACCO BHDMY334,55916.425,492,4811.69
CHINA BLUECHEMICAL LTD - HCN4,079,031.361,487,9510.46
CHINA OVERSEAS LAND & INVESTHK2,211,4493.527,784,5622.39
CNOOC LTDCN3,987,6921.425,656,4511.74
CREDICORP LTDPE52,061138.927,232,3142.22
DELTA ELECTRONICS INCTW1,240,6085.126,346,7901.95
DREYFUS-CS MG-INUS3,135,5211.003,135,5210.96
ECLAT TEXTILE COMPANY LTDTW385,93816.416,332,5731.95
ELDORADO GOLD CORPCA334,9054.151,388,9570.43
ENERSIS SACL14,518,906.324,615,4351.42
FIRST GULF BANKAE203,0004.13837,6840.26
FOMENTO ECONOMICO MEX-SP ADRMX53,47089.094,763,6421.46
GENOMMA LAB INTERNACIONAL-BMX5,015,2641.004,990,5351.53
GERDAU SA-PREFBR470,7132.401,127,9190.35
GIANT MANUFACTURINGTW785,0918.466,645,5682.04
GRUPO FINANCIERO BANORTE-OMX1,360,3245.507,479,5102.30
HANKOOK TIRE CO LTDKR144,28237.615,426,2321.67
HCL TECHNOLOGIES LTDIN294,88014.444,259,0431.31
HERMES MICROVISION INCTW95,10164.946,175,6021.90
IND & COMM BK OF CHINA-HCN14,290,330.7911,339,7513.49
ITC LTDIN1,117,8704.945,525,4631.70
KASIKORNBANK PCL-FOREIGNTH564,4925.583,148,6550.97
KIA MOTORS CORPKR120,37740.574,883,6921.50
KIMBERLY-CLARK DE MEXICO-AMX1,412,4622.163,054,5310.94
KOMERCNI BANKA ASCZ31,109221.616,894,0702.12
LOCALIZA RENT A CARBR414,1609.904,100,1721.26
LOJAS AMERICANAS SA-PREFBR746,7495.614,191,1711.29
LUPIN LTDIN180,66729.625,350,9261.64
MAHINDRA & MAHINDRA LTDIN141,38220.122,845,0460.87
MTN GROUP LTDZA194,62818.783,655,9251.12
ODONTOPREV S.A.BR1,586,2333.485,525,3621.70
OIL & NATURAL GAS CORP LTDIN749,7374.853,639,5231.12
PETROCHINA CO LTD-HCN3,023,7371.113,367,5281.04
POSCOKR11,307200.242,264,1100.70
PTT EXPLORATION & PROD-FORTH1,742,9923.225,606,5381.72
RANDGOLD RESOURCES LTD-ADRJE41,37366.952,769,9220.85
RELIANCE INDUSTRIES LTDIN328,79015.695,158,9401.59
SABMILLER PLCGB160,33351.858,313,2792.56
SAMSUNG ELECTRONICS CO LTDKR11,6481134.5913,215,6604.06
SHINHAN FINANCIAL GROUP LTDKR185,90037.226,919,5652.13
SIAM CEMENT PCL-NVDRTH106,42315.361,634,7070.50
SIAM CEMENT PUB CO-FOR REGTH99,66015.311,525,3810.47
SOUTHERN COPPER CORPMX126,17929.413,710,9241.14
TAIWAN SEMICONDUCTOR MANUFACTW2,351,1134.5510,694,3183.29
TELEKOMUNIKASI INDONESIA PERID14,744,946.223,232,0080.99
TENARIS SA-ADRLU169,75327.024,586,7261.41
TENCENT HOLDINGS LTDCN228,19120.004,563,0291.40
TEVA PHARMACEUTICAL-SP ADRIL57,22159.103,381,7611.04
THAI OIL PCL-NVDRTH1,841,0621.622,991,0470.92
THE FOSCHINI GROUP LTDZA278,69213.073,643,1141.12
TINGYI (CAYMAN ISLN) HLDG COCN1,918,9002.043,915,0071.20
TOTVS SABR150,96612.541,893,2050.58
TUPRAS-TURKIYE PETROL RAFINETR59,09525.331,497,0880.46
TURKCELL ILETISIM HIZMET ASTR621,2564.602,858,1240.88
TURKIYE GARANTI BANKASITR662,5363.122,066,3540.64
UNITED PHOSPHORUS LTDIN772,5488.416,497,7502.00
VALE SA-PREFBR68,6635.04345,8440.11
VALE SA-SP ADRBR141,1515.89831,3790.26
VTECH HOLDINGS LTDHK321,35213.264,261,9251.31
WALMART DE MEXICO SAB DE CVMX1,959,6792.444,786,5171.47
WEICHAI POWER CO LTD-HCN2,170,6563.337,225,3712.22
WHARF HOLDINGS LTDHK804,8256.655,348,5001.64
WOOLWORTHS HOLDINGS LTDZA951,8798.107,713,1622.37
ZEE ENTERTAINMENT ENTERPRISEIN103,7905.77599,0450.18
Top 10 Equity Holdings as of 6/30/2015
Security Description
% of
Portfolio
1. SAMSUNG ELECTRONICS CO LTD.4.1
2. INDUSTRIAL & COMMERCIAL BANK OF CHINA LTD.3.5
3. TAIWAN SEMICONDUCTOR MANUFACTURING CO. LTD.3.3
4. SABMILLER PLC2.6
5. BHARAT FORGE LTD.2.5
6. CHINA OVERSEAS LAND & INVESTMENT LTD.2.4
7. WOOLWORTHS HOLDINGS LTD.2.4
8. GRUPO FINANCIERO BANORTE2.3
9. CREDICORP LTD.2.2
10. WEICHAI POWER CO. 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.