I hereby represent that I:

» 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 Growth Opportunities Fund

Objective

The Fund seeks long-term growth of capital by investing primarily in stocks of U.S. companies of any size.

Investment Style

  • Seeks to invest in stocks of U.S. companies that span the capitalization spectrum
  • Has the ability to shift assets to the most attractive segments of the market based on fundamental research and current market and economic conditions.
  • Focuses on companies that are believed to have demonstrated records of achievement with excellent prospects for earnings growth over a 1- to 3-year period.
  • Looks for companies believed to be reasonably priced with high forecasted earnings potential
  • Evaluates companies by analyzing financial statements, interviews with management, operations and product development, with consideration to a company's industry
A Word About Risk
The Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in stocks of small- and mid-cap companies, which may be subject to more erratic market movements than stocks of larger, more established companies. The Fund invests in growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund may experience higher portfolio turnover which may lead to increased fund expenses, lower investment returns, and higher short-term capital gains taxable to shareholders. The Fund may focus its investments in certain industries within certain sectors which will have a greater impact on the Fund than a fund that does not focus its investments in a particular sector. 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. 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
NASDAQ Symbol TGVFX
CUSIP 89154X708
Touchstone Fund Number 91
Portfolio Turnover Rate1 95%
Total Annual Fund Operating Expense Ratio2 1.37%
Net Annual Fund Operating Expense Ratio2 1.24%
Total Net Assets as of 12/31/2013 $47,169,092
Inception Date 9/29/1995

Fiscal Year End March 31st
Benchmark Russell 3000 Growth Index3
Prospectus Date 7/30/2013

1 Annualized as of 3/31/2013

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 to 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class Y Shares and 0.84% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/14.

3 The Russell 3000® Growth Index measures the performance of those Russell 3000 companies with higher price-to-book ratios and higher forecasted growth values. Investing in an index is not possible.

All Russell® Indices are trademarks/service marks of the Frank Russell Company. Russell is a trademark of the Frank Russell Company. The Frank Russell Company (FRC) is the source and owner of the data contained or reflected in this material and all trademarks and copyrights related thereto. The material may contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a Touchstone Investments presentation of the data, and FRC is not responsible for the formatting or configuration of this material or for any inaccuracy in the presentation thereof.

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.