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

Select Share Class:  A  |  C  |  Y  |  INST

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 - Y Inception Date 12/9/2005 11.01% 7.83% 13.96% -- 6.70% 1.36% 1.00% 4/30/2013
* Conservative Allocation Fund - Y Inception Date 12/9/2005 5.77% 5.31% 9.60% -- 5.64% 1.29% 0.88% 4/30/2013
* Growth Allocation Fund - Y Inception Date 12/9/2005 15.89% 9.59% 18.59% -- 6.88% 1.65% 1.16% 4/30/2013
* Moderate Growth Allocation Fund - Y Inception Date 12/9/2005 13.59% 8.97% 16.35% -- 6.73% 1.45% 1.07% 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. Class Y shares are sold at NAV, without an initial sales charge and are not subject to a 12b-1 fee or CDSC, but may be subject to higher initial investment requirements than other classes of shares of a Fund.

* The performance presented for Class Y shares combines the performance of an older class of shares from the Fund's inception with the performance of this class of shares from its inception. The Touchstone Balanced Allocation Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 9/30/2004 to 12/8/2005, with the performance of this class of shares from its inception on 12/9/2005. The Touchstone Conservative Allocation Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 9/30/2004 to 12/8/2005, with the performance of this class of shares from its inception on 12/9/2005. The Touchstone Growth Allocation Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 9/30/2004 to 12/8/2005, with the performance of this class of shares from its inception on 12/9/2005. The Touchstone Moderate Growth Allocation Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 9/30/2004 to 12/8/2005, with the performance of this class of shares from its inception on 12/9/2005.

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.