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.

Close I agree

Quarterly Performance (Excluding Maximum Sales Charge)

Select Share Class:  A  |  C  |  Y  |  INST
Average Annual Total Returns: Excluding Sales Charge | Including Sales Charge

Asset Allocation Funds Excluding Maximum Sales Charge

as of 3/31/2014

  Average Annual Total Returns Annual Fund Operating Expenses  
Touchstone Funds 1
Year
3
Year
5
Year
10
Year
Since
Inception
Total Net Prospectus
Date
Balanced Allocation Fund - C Inception Date 9/30/2004 9.84% 6.74% 12.82% -- 5.65% 2.44% 2.00% 4/30/2013
Conservative Allocation Fund - C Inception Date 9/30/2004 4.72% 4.28% 8.52% -- 4.61% 2.39% 1.88% 4/30/2013
Growth Allocation Fund - C Inception Date 9/30/2004 14.82% 8.53% 17.41% -- 5.82% 2.81% 2.16% 4/30/2013
Moderate Growth Allocation Fund - C Inception Date 9/30/2004 12.42% 7.88% 15.20% -- 5.65% 2.59% 2.07% 4/30/2013

Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. The investment return and principal value of an investment in the Funds will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Performance for Class C shares is adjusted for the contingent deferred sales charges in effect at the end of the specified period. The contingent deferred sales charge for Class C shares is 1.00% the first year you hold the shares and declines to 0% after the first year.

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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.

Touchstone Balanced Allocation Fund - 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 0.41% for Class A Shares, 1.16% for Class C Shares, 0.16% for Class Y Shares and 0.16% for Class INST Shares. These expense limitations will remain in effect until at least 04/29/14

Touchstone Conservative Allocation Fund - 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 0.41% for Class A Shares, 1.16% for Class C Shares, 0.16% for Class Y Shares and 0.16% for Class INST Shares. These expense limitations will remain in effect until at least 04/29/14.

Touchstone Growth Allocation Fund - 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 0.41% for Class A Shares, 1.16% for Class C Shares, 0.16% for Class Y Shares and 0.16% for Class INST Shares. These expense limitations will remain in effect until at least 04/29/14.

Touchstone Moderate Growth Allocation Fund - 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 0.41% for Class A Shares, 1.16% for Class C Shares, 0.16% for Class Y Shares and 0.16% for Class INST Shares. These expense limitations will remain in effect until at least 04/29/14.