Touchstone International Equity Fund

This fund typically allocates a minimum of 80% of its capital to equity securities. Its primary focus is on common stocks issued by companies based in or deriving most of their revenue from international markets, including potential exposure to developing economies. The portfolio is generally diversified across at least ten different foreign nations, with no more than 40% of assets concentrated in any single country. While its main emphasis is on developed foreign markets, the fund has the flexibility to commit up to 25% of its total assets to emerging markets.