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 * Mutual Funds , To navigate this menu use the arrow keys, tab, escape, and
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   Discover Touchstone’s strategically focused mutual funds featuring actively
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   Examine our distinctive group of some of the industry's leading institutional
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    * Ares Capital Management II LLC
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    * Rockefeller & Co. LLC
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   Touchstone Investments is a DISTINCTIVELY ACTIVE® mutual fund company that
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Do You Have Active Management In Your Portfolio?

The art and science of managing money involves the consideration of active and
passively managed funds. As you construct your portfolio of investments, we
invite you to explore how we apply active management strategies with our
proprietary approach.

Active Management


ACTIVELY MANAGED MUTUAL FUNDS

We offer a broad selection of mutual funds that are actively managed and
different from their respective benchmarks. Sub-advised by a distinctive group
of institutional asset managers, our funds are offered across styles and asset
classes.
All Mutual Funds
U.S. Equity Funds
International/Global Equity Funds
Income Funds
Multi-Asset Funds


INVESTING INSIGHTS

Discover relevant information around investment themes, strategies, asset
classes and mutual funds for engaged investment insight.
Explore All Insights


FIXED INCOME MONTHLY

Income Investing


EQUITIES INVESTMENT OUTLOOK: MARCH 2022

U.S. Equities


FIXED INCOME INVESTMENT OUTLOOK: MARCH 2022

Income Investing


FOOD & ENERGY PRICES ARE SPIKING

Economy & Markets


RUSSIA EXPOSURE

Economy & Markets


TOUCHSTONE 2022 INVESTMENT OUTLOOK: PULLING IN OUR HORNS

Economy & Markets


INTERNATIONAL EQUITIES INVESTMENT OUTLOOK: DECEMBER 2021

International Equities


ARE THE MARKETS MOVING INTO A NEW PHASE?

Economy & Markets, In the News


MARKET & ELECTION UPDATE

Economy & Markets, In the News


MARTIJN CREMERS UNVEILS ACTIVESHARE.INFO FUND WEBSITE 2.0

In the News, Active Investing


RIA INTEL: ‘VALUABLE TOOL’ FOR SELECTING ACTIVE MANAGERS ‘JUST GOT EVEN BETTER’

Active Investing, In the News


MULTI-ASSET PORTFOLIO MANAGEMENT: COMBINING PRUDENT INVESTING WITH TIMELY
EXECUTION

Income Investing, U.S. Equities


HOW WILL WE PAY FOR ALL THIS STIMULUS?

In the News, Economy & Markets


WILL THE FED’S PRINTING PRESS LEAD US DOWN THE ROAD TO PERDITION?

Economy & Markets


CURRENT HIGH YIELD SPREADS PRESENT INVESTMENT OPPORTUNITY

Economy & Markets, Income Investing


FIVE ESG IMPLICATIONS FROM COVID-19

In the News, ESG Investing


COVID-19: IMPACT & IMPLICATIONS FOR THE CREDIT MARKETS

In the News, Income Investing


STAY FOCUSED ON THE LONG TERM

In the News, Economy & Markets

CRIT THOMAS ON CONSIDERING CORONAVIRUS

Economy & Markets, In the News


COVID-19: ADDRESSING THE CHANGING BACKDROP FOR INVESTORS

Economy & Markets, In the News


OUR DEDICATION TO ACTIVE MANAGEMENT

Our commitment to actively managed mutual funds has purposeful intent by
providing investors with access to best-in-class institutional money managers.
Recognizing that not all mutual fund companies are created equal, we actively
manage a fully integrated and rigorous process for identifying and monitoring
institutional asset managers who are not available to the typical investor.
Their expertise, disciplined investment processes and employment of active
management provide the differentiation required for a robust approach to
portfolio construction.
Explore Our Perspective

WHAT'S IMPORTANT ABOUT ACTIVE SHARE

Tim Paulin of Touchstone speaks with Martijn Cremers, one of the thought leaders
responsible for introducing active share, about the importance of active share.
You'll learn about the background of his research, pitfalls in how advisors and
investors apply active share, the three pillars of active management and the
evolving fiduciary environment.
Active Share Interview Active Share Research
Active Share Interview Active Share Research
Touchstone 2022 Investment Outlook: Pulling In Our Horns

With the tide of liquidity starting to move back out we are taking off the
risk-on posture we advocated at the start of 2021 and think a shift back toward
strategic weights may be prudent. We believe opportunities will develop over the
course of 2022, which will lead to advantageous positioning changes.

Read Investment Letter






TOUCHSTONE 2022 INVESTMENT LETTER – CRIT THOMAS

2022 Investment Outlook: Pulling In Our Horns

We’ve had this tidal wave, this tsunami of money that has flooded into our
economy over the last 2 years and it drove economic growth and earnings, as well
as inflation and asset prices. I believe that we’ve reached ebb tide and that
flood of liquidity is going to start to wash back out. Now that sounds serious,
but I do believe that the receding tide will happen in a much slower fashion
than its arrival. This is true of most past cycles, though this cycle does
differ in magnitude. 

Last year we were correct to maintain a risk-on posture, as we saw a strong
economy, strong earnings growth, and a Fed standing on the sidelines.

We believe 2022 is going to feel very different from 2021 as economic and
earnings growth slows and Fed policy begins to tighten. We have now moved to a
risk neutral stance as we fear that given high current valuations and this
transition to slower growth could result in greater market volatility.
Additionally, there are a number of events in front of us with little visibility
and a wide range of outcomes namely with respect to what happens with inflation
and how the Fed responds, The pace of economic slowing, …. also the pandemic,
geopolitics, and China. 

Getting back to a market neutral stance likely means a rebalancing out of stocks
and into bonds. It might feel strange to be bringing the bond weight up back to
neutral given how low interest rates are, but bonds play another function by
adding ballast to a portfolio, and I think we’ll need it. 

One other thing to note is that as a strategist my lens is typically through
indexes. Whether it is stocks or bonds, indexes today seem to be masking a lot
of turbulence below the surface, especially on the equity side. That does
suggest a lot of potential opportunities for an active manager to take advantage
of. With this neutral positioning we see active management as a way to help add
alpha.  

For further insight on our market views please see our website.
 
The information provided represents Touchstone’s views and observations
regarding past and current market conditions and investor behaviors. The
information and statements provided herein are believed to be true and accurate.
There can be no assurance however that the beliefs expressed herein will be
consistent with future market conditions and investor behaviors.

J.P.Morgan Global Manufacturing PMI™ provides the first indication each month of
world manufacturing business conditions.
The S&P 500® Index is a group of 500 widely held stocks and is commonly regarded
to be representative of the large capitalization stock universe.
The MSCI EAFE Index is a free float-adjusted market capitalization index that is
designed to measure developed market equity performance excluding the U.S. and
Canada.
The MSCI Emerging Markets Index is a free float-adjusted market capitalization
index that is designed to measure equity market performance of emerging markets.
MSCI makes no express or implied warranties or representations and shall have no
liability whatsoever with respect to any MSCI data contained herein. The MSCI
data may not be further redistributed or used to create indices or financial
products. This report is not approved or produced by MSCI.
The U.S. Dollar Index (USDX, DXY, DX) is an index (or measure) of the value of
the United States dollar relative to a basket of foreign currencies, often
referred to as a basket of U.S. trade partners’ currencies. The Index goes up
when the U.S. dollar gains “strength” (value) when compared to other currencies.
The indexes mentioned are unmanaged statistical composites of stock market or
bond market performance. Investing in an index is not possible. Unmanaged index
returns do not reflect any fees, expenses or sales charges.

Performance data quoted represents past performance, which is no guarantee of
future results.

Investing in Equities is subject to market volatility and loss. International,
Emerging and Frontier Market equities also carry the associated risks of
economic and political instability, market liquidity, currency volatility and
differences in accounting standards. The risks associated with investing in
international markets are magnified in emerging markets and frontier markets.
Fixed Income/Debt securities can lose their value as interest rates rise and are
subject to credit risk which is the risk of deterioration in the financial
condition of an issuer and/or general economic conditions that can cause the
issuer to not make timely payments of principal and interest also causing the
securities to decline in value and an investor can lose principal.

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 professional or download and/or
request one on the resources section or call Touchstone at 800-638-8194. Please
read the prospectus and/or summary prospectus carefully before investing.

Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC.
Touchstone is a member of Western & Southern Financial Group

Not FDIC Insured | No Bank Guarantee | May Lose Value


INVESTMENT STRATEGIES

Take a deeper look at our strategies including mid-cap, sustainable investing,
income investing, emerging markets and asset allocation investing.

Our Mutual Fund Strategies


EXPERIENCED SUB-ADVISORS

Examine our group of some of the industry's leading institutional asset managers
who are respected for proficiency in their respective asset category.
Meet Our Sub-Advisors


INVESTOR RESOURCES

Find and order literature and important regulatory documents related to our
funds. You can also register for eDelivery of statements and download our tax
app.
Access Our Tools
Make informed choices about your financial future. Visit BrokerCheck by FINRA.



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 professional or download and/or
request one on the resources section or call Touchstone at 800-638-8194. Please
read the prospectus and/or summary prospectus carefully before investing.

Investment return and principal value of an investment in a Fund will fluctuate
so that investor's shares, when redeemed, may be worth more or less than their
original cost. All investing involves risk.

Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA/SIPC.

Not FDIC Insured | No Bank Guarantee | May Lose Value








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WS20180306151114 • Last Updated 7/20/2021

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