All Variable Series Trust

Touchstone Variable Series Trust (the "Trust") is a group of 9 mutual funds: the Touchstone Active Bond Fund (formerly the Touchstone Core Bond Fund), Touchstone Baron Small Cap Growth Fund, Touchstone High Yield Fund, Touchstone Large Cap Core Equity Fund, Touchstone Focused Fund (formerly the Touchstone Mid Cap Growth Fund), Touchstone Third Avenue Value Fund, Touchstone Conservative ETF Fund, Touchstone Moderate ETF Fund, Touchstone Aggressive ETF Fund. Each Fund has a different investment goal and risk level.

The Funds are managed by Touchstone Advisors, Inc. Touchstone Advisors selects the sub-advisor(s) to manage the investments held by each Fund. The information presented here pertains to Touchstone Variable Series Trust Funds offered only as underlying investment options through variable insurance products of Qualified Retirement Plans. Funds are not available for direct investment. Investments are made to the investment option in the variable contract of Qualified Retirement Plan.

You should read the prospectus for the variable annuity contract or variable life policy that you want to purchase to learn about purchasing a contract and selecting your investment options. That prospectus also contains information about the contract, your investment options, the Sub-Accounts and expenses related to purchasing a variable annuity contract or variable life policy.





Annuities are not bank products and are neither the obligations of, nor are they guaranteed by, the financial institution where they are offered. They are not insured by the FDIC, NCUSIF or any other federal entity and are subject to investment risk, including possible loss of principal and interest. Payment of benefits under the annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer.