Touchstone Sands Capital Select Growth Fund Class Z 

The primary objective of this fund is to achieve substantial growth in capital over an extended period. Typically, a minimum of 80% of its assets are deployed into equity shares of U.S.-based companies. These selections are made by the sub-advisor, Sands Capital Management, LLC, who targets businesses believed to have an exceptional capacity for revenue or earnings expansion. The strategy places considerable emphasis on large-capitalization growth-oriented firms. While the weighted-average market value of its holdings generally exceeds $25 billion, the fund typically refrains from investing in companies with a market capitalization of less than $2 billion. Its portfolio ordinarily consists of a concentrated selection of 25 to 35 enterprises, reflecting its non-diversified nature.