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  |  B  |  C  |  Y  |  Z  |  INST

U.S. Equity 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
* Capital Growth Fund - INST Inception Date 12/20/2006 22.00% 12.57% 19.85% 6.29% 8.06% 24.29% 0.90% 10/30/2013
* Focused Fund - INST Inception Date 2/20/2006 28.19% 18.04% 22.14% 9.53% 10.57% 1.17% 0.82% 7/30/2013
* Growth Opportunities Fund - INST Inception Date 2/2/2009 26.34% 13.77% 21.24% 7.66% 9.09% 1.00% 0.84% 7/30/2013
Mid Cap Fund - INST Inception Date 1/27/2012 16.62% 14.85% 21.95% 9.11% 11.75% 1.08% 0.93% 1/30/2014
* Mid Cap Growth Fund - INST Inception Date 4/1/2011 25.32% 11.09% 21.40% 8.41% 12.29% 0.99% 0.99% 7/30/2013
Mid Cap Value Fund - INST Inception Date 9/30/2009 20.49% 12.29% -- -- 17.16% 0.90% 0.90% 1/30/2014
Sands Capital Institutional Growth Fund - INST Inception Date 1/21/2005 32.72% 19.85% 29.93% -- 11.14% 0.79% 0.79% 4/30/2013
Small Cap Core Fund - INST Inception Date 9/30/2009 15.82% 17.46% -- -- 19.99% 1.07% 1.05% 1/30/2014
Small Cap Growth Fund - INST Inception Date 9/10/2012 23.04% 12.49% 25.14% 7.64% 11.16% 945.44% 1.05% 7/30/2013
* Small Cap Value Fund - INST Inception Date 3/1/2011 22.85% 14.64% 22.09% 7.92% 10.86% 1.80% 0.98% 1/30/2014
* Small Cap Value Opportunities Fund - INST Inception Date 12/9/2008 39.54% 17.69% 23.20% 10.14% 13.32% 1.47% 1.11% 10/30/2013
* Value Fund - INST Inception Date 12/20/2006 23.99% 15.54% 21.74% 6.44% 8.91% 0.89% 0.68% 10/30/2013

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. From time to time, the investment advisor may waive some fees and/or reimburse expenses, which if not waived or reimbursed, may lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains.

* The performance presented for Institutional 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 Capital Growth Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 11/29/1996 to 12/19/2006, with the performance of this class of shares from its inception on 12/20/2006.
The Touchstone Focused Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, 2/12/1999 to 12/19/2006, with the performance of this class of shares from its inception on 12/20/2006.  The Touchstone Growth Opportunities Fund combines the performance of Class A shares from 9/29/95 to 2/1/09 with this class of shares from 2/2/09. The Touchstone Mid Cap Growth Fund combines the performance of Class A shares from 10/3/94 to 3/31/11 with this class of shares from 4/1/11. The Touchstone Small Cap Value Fund combines the performance of Class Z Shares from 3/4/02 to 2/28/11 with this class of shares from its inception on 3/1/11. The Touchstone Small Cap Value Opportunities Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, from the Fund's inception, 7/31/2003 to 12/8/2008, with the performance of this class of shares from its inception at 12/9/2008. The Touchstone Value Fund combines the performance of Class Y Shares, which were originally Class Z Shares, from the Fund's inception, from the Fund's inception, 9/10/1998 to 12/19/2006, with the performance of this class of shares from its inception on 12/20/2006.

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 Capital Growth 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 to 1.25% for Class A Shares, 2.00% for Class C Shares, 1.00% for Class Y Shares and 0.90% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/14.

Touchstone Focused 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 1.20% for Class A Shares, 1.95% for Class C Shares, 0.95% for Class Y Shares and 0.80% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/14.

Touchstone Growth Opportunities 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 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.

Touchstone Large Cap Growth 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 to 1.25% for Class A Shares, 2.00% for Class C Shares and 0.99% for Class Y Shares. These expense limitations will remain in effect until at least 07/29/14.

Touchstone Mid Cap 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 to 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class Y Shares, 1.24% for Class Z Shares and 0.92% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/15.

Touchstone Mid Cap Growth 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 to 1.43% for Class A Shares, 2.18% for Class C Shares, 1.18% for Class Y Shares and 1.03% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/14.

Touchstone Mid Cap Value 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 1.29% for Class A Shares, 2.04% for Class C Shares, 1.04% for Class Y Shares and 0.89% for Class INST Shares. These expense limitations will remain in effect until at least 03/23/15.

Touchstone Premium Yield Equity 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 1.20% for Class A Shares, 1.95% for Class C Shares and 0.95% for Class Y Shares. These expense limitations will remain in effect until at least 01/29/15.

Touchstone Small Cap Core 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 to 1.38% for Class A Shares, 2.13% for Class C Shares, 1.13% for Class Y Shares and 1.05% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/15.

Touchstone Small Cap Growth 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 to 1.44% for Class A Shares, 2.19% for Class C Shares, 1.19% for Class Y Shares and 1.04% for Class INST Shares. These expense limitations will remain in effect until at least 08/31/14.

Touchstone Small Cap Value 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 1.38% for Class A Shares, 2.13% for Class C Shares, 1.13% for Class Y Shares and 0.98% for Class INST Shares. These expense limitations will remain in effect until at least 03/23/15.

Touchstone Small Cap Value Opportunities 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 1.50% for Class A Shares, 2.25% for Class C Shares, 1.25% for Class Y Shares and 1.10% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/14.

Touchstone Value 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 1.08% for Class A Shares, 1.83% for Class C Shares, 0.83% for Class Y Shares and 0.68% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/14.