Touchstone Dynamic Diversified Income Fund
Sub-Advised by: Wilshire Associates Incorporated

Select Share Class: A C Y
Average Annual Total Returns
as of 3/31/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Dynamic Diversified Income Fund - A
Including Sales Charge
Inception 9/30/2004
-2.12% 1.67% 3.81% 4.26% 5.14% 1.66% 1.25% 4/30/2018
Touchstone Dynamic Diversified Income Fund - A
Excluding Sales Charge
Inception 9/30/2004
3.87% 3.69% 5.05% 4.88% 5.60% 1.66% 1.25% 4/30/2018

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 Dynamic Diversified Income 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 0.49% for Class A Shares, 1.24% for Class C Shares and 0.24% for Class Y Shares. These expense limitations will remain in effect until at least 04/29/18.

Average Annual Total Returns
as of 3/31/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Touchstone Dynamic Diversified Income Fund - C
Including Sales Charge
Inception 9/30/2004
2.09% 2.89% 4.25% 4.10% 4.83% 2.40% 2.00% 4/30/2018
Touchstone Dynamic Diversified Income Fund - C
Excluding Sales Charge
Inception 9/30/2004
3.09% 2.89% 4.25% 4.10% 4.83% 2.40% 2.00% 4/30/2018

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 Dynamic Diversified Income 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 0.49% for Class A Shares, 1.24% for Class C Shares and 0.24% for Class Y Shares. These expense limitations will remain in effect until at least 04/29/18.

Average Annual Total Returns
as of 3/31/2018
Annual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Touchstone Dynamic Diversified Income Fund - Y
Inception 12/9/2005
4.20% 3.97% 5.32% 5.15% 5.87% 1.60% 1.00% 4/30/2018

* The performance presented for this share class combines the performance since inception of an older class of shares. 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.

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 Dynamic Diversified Income 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 0.49% for Class A Shares, 1.24% for Class C Shares and 0.24% for Class Y Shares. These expense limitations will remain in effect until at least 04/29/18.

No performance available for this fund

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 Dynamic Diversified Income 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 0.49% for Class A Shares, 1.24% for Class C Shares and 0.24% for Class Y Shares. These expense limitations will remain in effect until at least 04/29/18.