Touchstone Strategic Income Opportunities Fund

Overall Morningstar Rating™

Multisector Bond

Overview

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

Objective

The Fund seeks a high level of current income with a focus on capital preservation by investing primarily in public fixed income securities.

Investment Style

Primarily invests in income producing securities including corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks
Expanded opportunity set provides the flexibility to react to market dislocations
Broadly diversified by sector, resulting in multiple sources of return potential and low correlation to traditional asset classes
Duration management is used as a risk mitigation tool; seeks to avoid taking large duration positions due to the difficulty in predicting interest rates
Active management and security selection are focused on building a high conviction portfolio

Fund Facts

Fund Facts for Share Class
Symbol
CUSIP
Share Class Inception Date
Total Share Class Net Assets as of 09/30/2021
Total Fund Net Assets as of 09/30/2021	$419,529,261
Asset Class	Income, Multi-Asset
Morningstar Category	Multisector Bond
Benchmark	Bloomberg U.S. Aggregate Bond Index
Distribution Frequency	Monthly
Fiscal Year End
Prospectus Date	07/30/2021

Performance

Daily

Daily Returns as of
	NAV	NAV $ Change
Touchstone Strategic Income Opportunities Fund -

HISTORICAL DAILY NAV

Date*

Historical Daily NAV on
	NAV	POP
Touchstone Strategic Income Opportunities Fund -

as of 09/30/2021
	1 Month	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception
Touchstone Strategic Income Opportunities Fund - Including Sales Charge
Touchstone Strategic Income Opportunities Fund - Excluding Sales Charge
Bloomberg U.S. Aggregate Bond Index	-0.87%	0.05%	-1.55%	-0.90%	5.36%	2.94%	3.01%	--

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 Fund 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, will lower performance. 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 Fixed Income Funds is 3.25% excluding Touchstone Ultra Short Duration Fixed Income Fund which is 2.00%.

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 Fund 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, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.

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 Fund 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, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.

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 Fund 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, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.

Effective July 19, 2021 the AIG Strategic Bond Fund and the AIG Flexible Credit Fund merged into the newly created Touchstone Strategic Income Opportunities Fund. The Touchstone Strategic Income Opportunities Fund adopted the performance and accounting history of the AIG Strategic Bond Fund; however, the Touchstone Strategic Income Opportunities Fund has a new, separate and distinct investment strategy and sub-advisor. Prior to July 19, 2021 the Fund’s performance history is that of the AIG Strategic Bond Fund.

AIG Funds Class W Shares became Touchstone Class Y Shares on 7/19/2021.

as of 09/30/2021
	1 Year	3 Year	5 Year	10 Year	Since Inception
Touchstone Strategic Income Opportunities Fund - Including Sales Charge
Touchstone Strategic Income Opportunities Fund - Excluding Sales Charge
Bloomberg U.S. Aggregate Bond Index	-0.90%	5.36%	2.94%	3.01%	--

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 Fund 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, will lower performance. 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 U.S. Equity, International/Global Equity, and Multi-Asset Funds is 5.00%.

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 Fund 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, will lower performance. 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 (CDSC) in effect at the end of the specified period. The CDSC for Class C Shares is 1.00% the first year you hold the shares and declines to 0% after the first year.

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 Fund 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, will lower performance. 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 net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.

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 Fund 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, will lower performance. Returns are not annualized for periods of less than one year. Assumes reinvestment of all dividends and capital gains. Class INST Shares are sold at net asset value (NAV), without an initial sales charge and are not subject to a 12b-1 fee or contingent deferred sales charges.

Morningstar Rating™

Morningstar as of 09/30/2021
	Overall	3 Year	5 Year	10 Year
Touchstone Strategic Income Opportunities Fund - Shares
Funds in Multisector Bond Category	--	271	237	128

Management

Actively Managed and Sub-Advised by Fort Washington Investment Advisors, Inc.

Daniel J. Carter, CFA

Investment Experience since 1996

Career Summary
Fort Washington Investment Advisors, Inc.
Ohio Casualty Corporation
Provident Bank

Education
BS – Miami University

Austin R. Kummer, CFA

Investment Experience since 2013

Career Summary
Fort Washington Investment Advisors, Inc.

Education
MBA – Xavier University
BBA – Ohio University

Brendan M. White, CFA

Investment Experience since 1987

Career Summary
Fort Washington Investment Advisors, Inc.
Ohio Casualty Corporation

Education
MBA - Xavier University
BS - The Ohio State University

Fees

Expense Fees for Share Class
Total Annual Fund Operating Expense Ratio
Net Annual Fund Operating Expense Ratio

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 1.00% for Class A Shares, 1.71% for Class C Shares, 0.75% for Class Y Shares and 0.65% for Class INST Shares. These expense limitations will remain in effect until at least 07/29/2023.

Resources

Fact Sheet

Statement of Additional Information (SAI)

Statutory Prospectus
Summary Prospectus

Consider Touchstone Strategic Income Opportunities Fund for Your Portfolio

Touchstone Strategic Income Opportunities Fund primarily invests in income producing securities including corporate debt securities, mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and preferred stocks.

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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