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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 Global Real Estate Fund


The Fund seeks capital appreciation by investing primarily in common stocks and other equity securities of U.S. and foreign real estate companies without regard to market capitalization.

Investment Style

  • Invests significantly (generally more than 40%) in real estate equity securities domiciled or with a majority of their assets or real estate activities outside the U.S.
  • Real estate equity securities include common stocks, preferred stocks, and other equity securities issued by REITs and other real estate operating companies that derive the majority of their revenue from the direct or indirect ownership, construction, financing, management, or sale of commercial, industrial, or residential real estate
  • Utilizes proprietary return and risk models to select investments that are believed to have either high and sustainable dividends or a combination of characteristics in an effort to generate sustainable returns, higher income and lower volatility relative to the benchmark index
A Word About Risk

The Fund invests in equities which are subject to market volatility and loss. The Fund invests in foreign and emerging market securities which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated and can be called or redeemed prior to maturity, negatively impacting the stock's price when interest rates decline. The Fund invests in securities of issuers of commercial real estate which may be affected by changes in real estate values and property taxes, overbuilding, variations in rental income and vacancy rates, interest rates and changes in tax and regulatory requirements. The Fund invests in REITs whose risks are similar to those associated with direct investments in real estate securities. REITs incur fees that are separate from those of the Fund and Fund shareholders will indirectly bear a proportionate share of the operating expense. The Fund invests in forward currency exchange contracts which may limit potential gains, do not protect against fluctuations in value of the underlying position and are subject to counterparty risk. The Fund's investments are concentrated in the real estate industry, are subject to the risk that the industry will underperform the broader market, as well as the risk that issuers in the industry will be impacted by market conditions, legislative or regulatory changes, or competition. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers than a diversified fund and may be subject to greater risks. Dividend issuing companies may choose not to pay a dividend or the dividend may be less than anticipated. 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 89155H363
Touchstone Fund Number 403
Portfolio Turnover Rate1 159%
Total Annual Fund Operating Expense Ratio2 3.73%
Net Annual Fund Operating Expense Ratio2 1.39%
Total Net Assets as of 3/31/2014 $637,283
Inception Date 9/30/2009

Fiscal Year End September 30th
Benchmark FTSE EPRA/NAREIT Developed 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 1.39% for Class A Shares, 2.14% for Class C Shares, 1.14% for Class Y Shares and 0.99% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/15.

3 The FTSE EPRA/NAREIT Developed Index measures the general trends in eligible real estate equities worldwide. Relevant real estate activities are defined as the ownership, disposure and development of income-producing real estate. Investing in an index is not possible.

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.