Touchstone Balanced Fund (formerly the Sentinel Balanced Fund)Sub-Advised by: Fort Washington Investment Advisors Inc.

Select Share Class: A C Y
Average Annual Total Returns
as of 12/31/2017
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Balanced Fund - A
Including Sales Charge
Inception 11/15/1938
9.88% 5.65% 8.47% 6.09% 8.54% 1.12% 1.03% 10/30/2017
Touchstone Balanced Fund - A
Excluding Sales Charge
Inception 11/15/1938
15.68% 7.46% 9.59% 6.63% 8.61% 1.12% 1.03% 10/30/2017

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. The maximum front-end sales charge for Class A shares of Touchstone Equity Funds is 5.75%.

Average Annual Total Returns
as of 12/31/2017
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Touchstone Balanced Fund - C
Including Sales Charge
Inception 5/4/1998
13.80% 6.65% 8.74% 5.76% 7.55% 1.88% 1.80% 10/30/2017
*Touchstone Balanced Fund - C
Excluding Sales Charge
Inception 5/4/1998
14.80% 6.65% 8.74% 5.76% 7.55% 1.88% 1.80% 10/30/2017

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.

Average Annual Total Returns
as of 12/31/2017
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Touchstone Balanced Fund - Y
Inception 8/27/2007
15.99% 7.71% 9.85% 6.73% 8.63% 0.93% 0.83% 10/30/2017

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.

Prior to October 30, 2017, the performance, rating and ranking history is that of the Sentinel Balanced Fund.

The performance presented for Class C and Y Shares combines the performance of an older class of shares (A Shares) from the Fund’s inception, 11/15/1938, with the performance since the inception date of each share class.

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/literature-center or call Touchstone at 800.638.8194. Please read the prospectus and/or summary prospectus carefully before investing.

Touchstone Balanced Fund - Touchstone Advisors has contractually agreed to waive a portion of its fees and/or reimburse certain Fund expenses in order to limit certain annual fund operating expenses (excluding Acquired Fund Fees and Expenses "AFFE," and other expenses, if any) to 1.01% for Class A Shares, 1.78% for Class C Shares, 0.81% for Class Y Shares. These expense limitations will remain in effect until at least 10/29/19.