Touchstone Credit Opportunities Fund
Sub-Advised by: Ares Capital Management II LLC

Select Share Class: A C Y INST
Average Annual Total Returns
as of 6/30/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Credit Opportunities Fund - A
Including Sales Charge
Inception 8/31/2015
-2.49% -- -- -- 3.27% 16.02% 1.88% 10/30/2017
Touchstone Credit Opportunities Fund - A
Excluding Sales Charge
Inception 8/31/2015
3.50% -- -- -- 5.45% 16.02% 1.88% 10/30/2017

Average Annual Total Returns
as of 6/30/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Credit Opportunities Fund - C
Including Sales Charge
Inception 8/31/2015
1.73% -- -- -- 4.77% 73.31% 2.63% 10/30/2017
Touchstone Credit Opportunities Fund - C
Excluding Sales Charge
Inception 8/31/2015
2.69% -- -- -- 4.77% 73.31% 2.63% 10/30/2017

Average Annual Total Returns
as of 6/30/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Credit Opportunities Fund - Y
Inception 8/31/2015
3.73% -- -- -- 5.67% 8.26% 1.63% 10/30/2017

Average Annual Total Returns
as of 6/30/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Credit Opportunities Fund - Inst
Inception 8/31/2015
3.85% -- -- -- 5.81% 1.70% 1.53% 10/30/2017

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 Credit Opportunities 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 1.69% for Class A Shares, 2.44% for Class C Shares, 1.44% for Class Y Shares and 1.34% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.