Touchstone Global Growth Fund Renamed Touchstone International Growth Opportunities Fund

Touchstone Investments •
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Touchstone Investments announced today that it is renaming the Touchstone Global Growth Fund the Touchstone International Growth Opportunities Fund (TGGAX). The new name reflects a change from a global strategy, which included both U.S. and foreign equities, to an international strategy that primarily invests in foreign equities.

Concurrently, the expenses of the fund have been reduced and the benchmark changed to the MSCI All Country World Index ex-USA. The fund’s previous benchmark was the MSCI All Country World Index. DSM Capital Partners LLC (DSM), remains sub-advisor to the fund. DSM has an extensive history with
international investing. Industry veteran Daniel Strickberger, who has managed the strategy since its inception in 2013, seeks long-term capital appreciation by primarily investing in international equity securities of large capitalization companies believed to offer the best opportunity for reliable growth at attractive stock valuations.

The fund utilizes a bottom-up, idea-driven growth style with a long-term investment horizon, coupled with a distinct valuation discipline. The high-conviction, concentrated portfolio consists of companies which are believed to exhibit certain quality characteristics, including predictable growth, solid fundamentals, attractive profitability and successful management.

"The Touchstone International Growth Opportunities Fund epitomizes what it means to be DISTINCTIVELY ACTIVE® and capitalizes on DSM’s demonstrated success investing in non-U.S. equities," said Steve Graziano, president of Touchstone Investments. "Further, we believe the fund’s migration from DSM’s Global Equity strategy to DSM’s International Equity strategy better corresponds to the investment preferences of shareholders, investment advisors, and professional buyers."

The International Growth Opportunities Fund’s tickers—TGGAX for Class A shares, TGGCX for Class C shares, TYGGX for Class Y shares and DSMGX for institutional shares—remain the same.

Learn more at the International Growth Opportunities Fund.

About Touchstone Investments 
Touchstone Investments is a DISTINCTIVELY ACTIVE® mutual fund company committed to providing investors with access to institutional asset managers who act in a sub-advisory capacity. Managed by sub-advisors with high conviction, concentrated portfolios, Touchstone’s entire equity fund lineup is composed of high Active Share funds, which means their holdings are highly differentiated from their benchmarks. Touchstone’s sub-advisor selection and monitoring approach is built upon the conviction that an asset manager’s organizational stability, quality of its personnel, adherence to its investment discipline and infrastructure represent the elements of repeatable, value-added performance results over time. This philosophy has resulted in a diverse but focused product offering that gives investors a full breadth of investment options across styles and asset classes. The Touchstone Funds are advised by Touchstone Advisors, Inc., a registered investment advisor, and are distributed nationally through intermediaries, including broker-dealers, financial planners and institutions by Touchstone Securities, Inc., a registered broker-dealer and member FINRA/SIPC. Touchstone, Touchstone Funds and Touchstone Investments are federal service mark registrations and applications owned by IFS Financial Services, Inc. Touchstone Securities, Inc., Touchstone Advisors, Inc., and IFS Financial Services, Inc., are members of Western & Southern Financial Group (Western & Southern).

About DSM Capital Partners
The Palm Beach Gardens, Florida-based DSM Capital Partners LLC (DSM) focuses on managing highly active, high conviction growth strategies for a diverse group of institutional and high-net-worth clients. DSM employs a bottom-up, growth stock process with an intermediate- to long-term investment horizon. The firm’s nine-person investment team specializes in proprietary fundamental research to identify and model reliable growth companies, complemented by a rigorous valuation discipline used for both buying and selling positions. The valuation discipline makes DSM a growth firm with a value backbone. DSM was founded in 2001 and serves as investment adviser to corporations, endowments and foundations, pension plans, family offices, high-net-worth individual investors and registered advisors. The employee-owned firm is located at 7111 Fairway Drive, Suite 350, Palm Beach Gardens, Florida 33418.

The Touchstone International Growth Opportunities Fund invests in equities which are subject to market volatility and loss. The Fund invests in stocks of large-cap companies which may be unable to respond quickly to new competitive challenges. The Fund invests in growth stocks which may be more volatile than investing in other stocks and may underperform when value investing is in favor. The Fund invests in convertible securities which are subject to the risks of both debt securities and equity securities. The Fund invests in preferred stocks which are relegated below bonds for payment should the issuer be liquidated. The fixed dividend may be less attractive in a rising interest rate market. The Fund invests in foreign securities, including depositary receipts, such as ADRs, GDRs and EDRs, which carry the associated risks of economic and political instability, market liquidity, currency volatility and differences in accounting standards. The Fund invests in emerging markets securities which are more likely to experience turmoil or rapid changes in the market or economic conditions than developed countries. The Fund may focus its investments in specific sectors and therefore be susceptible to positive or negative developments in the sector which may increase the Fund's volatility and magnify its effects on total return. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in the securities of a limited number of issuers than a diversified fund and may be subject to greater risks. Current and future portfolio holdings are subject to risk. The advisor engages the sub-advisor to manage the Fund's portfolio; the sub-advisor's judgment may impact the Fund's performance.

Company contact:

Sharon Karp
Touchstone Investments

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 Resources & Tools. 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

Investment products offered are not FDIC insured, may lose value and have no bank guarantee.

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