Quarterly Performance Select Share Class - Excluding Sales Charge:

Select Share Class - Including Sales Charge:A C
Select Share Class - Excluding Sales Charge:A C Y Z INST S
Including Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Active Bond Fund - A Inception Date 10/3/1994-1.38% 0.93% 1.26% 3.92% 4.92% 1.18% 0.90% 1/30/2018
High Yield Fund - A Inception Date 5/1/20001.60% 2.48% 2.91% 5.94% 6.32% 1.24% 1.05% 1/30/2018
Ohio Tax-Free Bond Fund - A Inception Date 4/1/1985-0.93% 0.60% 1.49% 3.32% 5.49% 1.13% 0.85% 10/30/2017
*Total Return Bond Fund - A Inception Date 8/16/2010-1.26% 0.30% 0.94% 3.95% 5.10% 1.23% 0.86% 1/30/2018
*Ultra Short Duration Fixed Income Fund - A Inception Date 4/12/2012-0.71% 0.40% 0.47% 1.11% 3.24% 0.90% 0.69% 1/30/2018

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%.

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

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Ohio Tax-Free Bond Fund - Touchstone Advisors has contractually agreed towaive 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 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Including Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Active Bond Fund - C Inception Date 10/3/19941.71% 1.82% 1.50% 3.65% 4.28% 2.18% 1.65% 1/30/2018
*High Yield Fund - C Inception Date 5/23/20004.95% 3.41% 3.16% 5.65% 5.86% 1.97% 1.80% 1/30/2018
*Ohio Tax-Free Bond Fund - C Inception Date 11/1/19932.23% 1.45% 1.72% 3.05% 4.90% 2.03% 1.60% 10/30/2017
*Total Return Bond Fund - C Inception Date 8/1/20111.89% 1.17% 1.18% 3.68% 4.52% 2.31% 1.61% 1/30/2018
*Ultra Short Duration Fixed Income Fund - C Inception Date 4/12/2012-0.18% 0.57% 0.36% 0.70% 2.62% 1.56% 1.19% 1/30/2018

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.

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

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Ohio Tax-Free Bond Fund - Touchstone Advisors has contractually agreed towaive 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 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Active Bond Fund - A Inception Date 10/3/19943.50% 2.58% 2.26% 4.42% 5.14% 1.18% 0.90% 1/30/2018
High Yield Fund - A Inception Date 5/1/20006.70% 4.18% 3.92% 6.45% 6.62% 1.24% 1.05% 1/30/2018
Ohio Tax-Free Bond Fund - A Inception Date 4/1/19854.01% 2.24% 2.48% 3.82% 5.65% 1.13% 0.85% 10/30/2017
*Total Return Bond Fund - A Inception Date 8/16/20103.68% 1.93% 1.92% 4.46% 5.30% 1.23% 0.86% 1/30/2018
*Ultra Short Duration Fixed Income Fund - A Inception Date 4/12/20121.32% 1.07% 0.86% 1.31% 3.33% 0.90% 0.69% 1/30/2018

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%.

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Ohio Tax-Free Bond Fund - Touchstone Advisors has contractually agreed towaive 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 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Active Bond Fund - C Inception Date 10/3/19942.71% 1.82% 1.50% 3.65% 4.28% 2.18% 1.65% 1/30/2018
*High Yield Fund - C Inception Date 5/23/20005.95% 3.41% 3.16% 5.65% 5.86% 1.97% 1.80% 1/30/2018
*Ohio Tax-Free Bond Fund - C Inception Date 11/1/19933.23% 1.45% 1.72% 3.05% 4.90% 2.03% 1.60% 10/30/2017
*Total Return Bond Fund - C Inception Date 8/1/20112.89% 1.17% 1.18% 3.68% 4.52% 2.31% 1.61% 1/30/2018
*Ultra Short Duration Fixed Income Fund - C Inception Date 4/12/20120.81% 0.57% 0.36% 0.70% 2.62% 1.56% 1.19% 1/30/2018

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.

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

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Ohio Tax-Free Bond Fund - Touchstone Advisors has contractually agreed towaive 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 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Active Bond Fund - Y Inception Date 4/12/20123.77% 2.84% 2.52% 4.57% 5.20% 0.86% 0.65% 1/30/2018
*High Yield Fund - Y Inception Date 2/1/20077.01% 4.45% 4.21% 6.77% 6.81% 0.90% 0.80% 1/30/2018
*Ohio Tax-Free Bond Fund - Y Inception Date 8/30/20164.33% 2.38% 2.56% 3.86% 5.66% 298.27% 0.60% 10/30/2017
Total Return Bond Fund - Y Inception Date 11/15/19913.94% 2.18% 2.17% 4.72% 5.56% 0.74% 0.61% 1/30/2018
*Ultra Short Duration Fixed Income Fund - Y Inception Date 4/12/20121.68% 1.33% 1.12% 1.46% 3.39% 0.51% 0.44% 1/30/2018

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.

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

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
Ultra Short Duration Fixed Income Fund - Z Inception Date 3/1/19941.31% 1.07% 0.87% 1.32% 3.33% 0.78% 0.69% 1/30/2018

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 Z shares are sold at Net Asset Value ("NAV"), without an initial sales charge and may be subject to a shareholder service fee. Class Z shares are available through a financial intermediary or through financial institutions such as retirement plans, fee-based platforms, and brokerage accounts (who may impose transaction charges in addition to those described in the prospectus). Class Z shares are not available directly from Touchstone and may not be available through certain financial intermediaries who do not have appropriate agreements in place with Touchstone.

Performance for all share classes will differ due to difference in sales charges and class expenses. Some performance does not include sales charges which, if imposed, would lower performance. From time to time, the investment advisor may waive some fees or reimburse expenses, which if not waived or reimbursed, would lower returns.

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 Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Active Bond Fund - Inst Inception Date 4/12/20123.85% 2.92% 2.60% 4.62% 5.22% 0.87% 0.57% 1/30/2018
*High Yield Fund - Inst Inception Date 1/27/20126.97% 4.54% 4.28% 6.67% 6.75% 0.75% 0.72% 1/30/2018
*Ohio Tax-Free Bond Fund - Inst Inception Date 8/30/20164.34% 2.37% 2.56% 3.86% 5.66% 298.26% 0.55% 10/30/2017
*Total Return Bond Fund - Inst Inception Date 8/1/20114.05% 2.31% 2.32% 4.81% 5.60% 0.61% 0.51% 1/30/2018
*Ultra Short Duration Fixed Income Fund - Inst Inception Date 4/12/20121.62% 1.34% 1.15% 1.48% 3.40% 0.45% 0.39% 1/30/2018

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 this share class combines the performance since inception of an older class of shares. 

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 Active Bond 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 0.90% for Class A Shares, 1.65% for Class C Shares, 0.65% for Class Y Shares and 0.57% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone High Yield 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 1.05% for Class A Shares, 1.80% for Class C Shares, 0.80% for Class Y Shares and 0.72% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/18.

Touchstone Ohio Tax-Free Bond Fund - Touchstone Advisors has contractually agreed towaive 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 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.55% for Class INST Shares. These expense limitations will remain in effect until at least 10/29/18.

Touchstone Total Return Bond 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", if any) to 0.85% for Class A Shares, 1.60% for Class C Shares, 0.60% for Class Y Shares and 0.50% for Class INST Shares. These expense limitations will remain in effect until at least 01/29/17.

Touchstone Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.

Excluding Maximum Sales Charge as of 12/31/2017
Average Annual Total ReturnsAnnual Fund Operating Expenses
Touchstone Funds1
Year
3
Year
5
Year
10
Year
Since
Inception
TotalNetProspectus
Date
*Ultra Short Duration Fixed Income Fund - S Inception Date 10/27/20171.06% 0.79% 0.59% 1.05% 3.06% 0.96% 0.94% 1/30/2018

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 this share class combines the performance since inception of an older class of shares. 

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 Ultra Short Duration Fixed 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 0.69% for Class A Shares, 1.19% for Class C Shares, 0.44% for Class Y Shares, 0.69% for Class Z Shares, 0.39% for Class INST Shares and 0.94% for Class S Shares. These expense limitations will remain in effect until at least 01/29/18.