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» am an institutional investor that is a "qualified client" as that term is defined in Rule 205-3(d)(1) under the Investment Advisers Act of 1040, as amended; and

» have such knowledge and experience in financial and business matters that I am capable of evaluating the merits and risks of the investments that may be presented to me by Touchstone Investments.

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Touchstone Total Return Bond Fund


The Fund seeks current income by investing primarily in fixed income securities.

Investment Style

  • Seeks to maximize duration-adjusted total return by investing in market sectors or securities that are considered undervalued for their risk characteristics
  • Employs a bottom-up, three-step investment process: "GAP" Framework analysis, fundamental security review, and portfolio risk management
  • Seeks to be diversified according to issuer, sector and industry
  • Makes tactical allocations to high yield and non-dollar-denominated bonds in an effort to enhance returns and diversification
  • Constructs a portfolio that strives to maximize yield while minimizing the risks inherent in fixed income investing
A Word About Risk
The Fund invests in debt securities which can lose their value as interest rates rise and are subject to the possibility of an issuer failing to make timely payments of principal or interest including the possibility of prepayment and an investor can lose principal. The Fund invests in investment grade debt securities which can be downgraded by a Nationally Recognized Statistical Rating Organization (NRSRO) to below investment grade status which would increase the risk of holding these securities. The Fund invests in non-investment grade debt securities which are considered speculative with respect to the issuers' ability to make timely payments of interest or principal and has in the past, had more frequent and larger price changes than other debt securities. The Fund invests in U.S. government securities which are not guaranteed against price movements due to changing interest rates. The Fund invests in mortgage-backed securities and asset backed securities which are subject to the risks of prepayment, defaults, changing interest rates and at times, the financial condition of the issuer. Current and future portfolio holdings are subject to risk. The advisor engages the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

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Select Share Class:  A  |  C  |  Y  |  INST

Fund Facts

A Shares
CUSIP 89155T102
Touchstone Fund Number 409
Portfolio Turnover Rate1 35%
Total Annual Fund Operating Expense Ratio2 1.10%
Net Annual Fund Operating Expense Ratio2 0.90%
Total Net Assets as of 3/31/2014 $6,683,610
Inception Date 8/16/2010

Fiscal Year End September 30th
Benchmark Barclays Capital Aggregate Bond Index3
Prospectus Date 1/30/2014

1 Annualized as of 9/30/2013

2 Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit annual fund operating expenses (excluding Acquired Fund Fees and Expenses "AFFE") to 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/15.

3 The Barclays U.S. Aggregate Bond Index is an unmanaged index comprised of U.S. investment grade, fixed rate bond market securities, including government, government agency, corporate and mortgage-backed securities between one and ten years.

Please consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and the summary prospectus contain this and other information about the Fund. To obtain a prospectus or a summary prospectus, contact your financial advisor or download and/or request one at Touchstoneinvestments.com/home/formslit/or call Touchstone at 800.638.8194. Please read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost.