From Touchstone Investments
Touchstone Anti-Benchmark® International Core Equity Fund Updates
IMPORTANT NOTICE
Touchstone Anti-Benchmark International Core Equity Fund
Liquidation Notice – March 30, 2023
At a meeting held on February 16, 2023, the Touchstone Board of Trustees (“The Board”) approved a plan to close and liquidate the Touchstone Anti-Benchmark International Core Equity Fund (the “Fund”). The Fund is expected to close and liquidate on or about March 30, 2023 (the “Liquidation Date”).
| TA# | Touchstone Fund Name | CUSIP | TICKER |
| 6702 | Anti-Benchmark International Core Equity Fund Class Y | 89155T573 | TYBAX |
| 6705 | Anti-Benchmark International Core Equity Fund Inst Class | 89155T565 | TIABX |
- The Fund is immediately closed to new accounts.
- The Fund will be closed to new and subsequent investments effective on Trade Date March 13, 2023.
- At any time prior to the Liquidation Date, shareholders may redeem shares of the Fund.
- At any time prior to the Liquidation Date, shareholders may exchange their shares of the Fund for shares in another Touchstone Fund, subject to the minimum investment account requirements and other restrictions on exchanges as described in the applicable Fund’s prospectus.
- Shares remaining in the Fund on the Liquidation Date will automatically be redeemed for cash and the proceeds remitted to the shareholder of record. The liquidation of Fund shares will generally be a taxable event.
- Any applicable CDSC on redemptions from the Fund will be waived effective February 17, 2023.
- Additional details including NSCC trading and fund distributions (if any) will be provided closer to the Liquidation Date.
Should you have any questions, DTCC participant firms are invited to call BNY Mellon Broker Dealer Services at 1-877-332-2371. For any fund direct business or fund related inquiries, please contact Touchstone Shareholder Services at 1-800-543-0407.
FOR BROKER DEALER USE ONLY
TOUCHSTONE FUNDS GROUP TRUST
Touchstone Anti-Benchmark® International Core Equity Fund
(the “Fund”)
Supplement dated February 17, 2023 to the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”), each dated January 27, 2023, as may be amended or supplemented from time to time
At a meeting of the Board of Trustees (the “Board”) of Touchstone Funds Group Trust held on February 16, 2023, the Board approved a plan to close and liquidate the Fund. The Fund is expected to be closed and liquidated on or about March 30, 2023 (the “Liquidation Date”). In making its decision, the Board carefully considered the recommendation by the Fund’s investment adviser, Touchstone Advisors, Inc. (“Touchstone”), to close and liquidate the Fund due to factors including the Fund’s small size and limited growth potential.
Accordingly, the Fund will be closed to new accounts immediately. The Fund will be closed to new and subsequent investments effective as of the close of business on March 10, 2023, except that the Fund may continue to accept systematic contributions from defined contribution and similar plans until suchtime as it is administratively feasible to terminate these arrangements or the Liquidation Date, whichever is sooner.
At any time prior to the Liquidation Date, shareholders may redeem shares of the Fund or exchange their shares of the Fund for shares in other Touchstone Funds, subject to minimum investment account requirements, other restrictions on exchanges and any sales load differentials as described in the applicable Touchstone Fund’s prospectus. Any contingent deferred sales charges applicable to the redemption of Fund shares will be waived.
If you still hold shares of the Fund on the Liquidation Date, your shares will be automatically redeemed for cash and the proceeds will be remitted to you (via check or wire) based on the instructions listed on your account. The sale or liquidation of your shares will generally be a taxable event. You should consult your personal tax advisor concerning your particular tax situation.
If you hold Fund shares in a Touchstone IRA or Coverdell ESA and we do not receive instructions on the disposition of your shares by the Liquidation Date, Fund shares held in your IRA or Coverdell ESA will be exchanged into shares of the Touchstone Ultra Short Duration Fixed Income Fund and such exchange will not be a tax-reportable event.
As shareholders redeem shares of the Fund between the date of this Supplement and the Liquidation Date, the Fund may not be able to continue to invest its assets in accordance with its stated investment goal and other investment policies. Accordingly, the Fund may deviate from its stated investment goal and other investment policies during the period between the date of this Supplement and the Liquidation Date.
Following the Liquidation Date, all references to the Fund will be removed from the Prospectus and the SAI.
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Please contact your financial advisor or Touchstone at 800.543.0407 if you have any questions.
P.O. Box 9878 · Providence, RI 02940-8078
Ph: 800.543.0407 · TouchstoneInvestments.com
Touchstone Funds are distributed by Touchstone Securities, Inc.*
*A registered broker-dealer and member FINRA and SIPC
A Member of Western & Southern Financial Group
Please retain this Supplement for future reference.
Touchstone Dynamic Allocation Fund Updates
TOUCHSTONE STRATEGIC TRUST
Touchstone Dynamic Allocation Fund (the “Fund”)
Supplement dated February 24, 2023 to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”) dated April 29, 2022, as supplemented from time to time
IMPORTANT NOTICE REGARDING PROPOSED CHANGES TO THE FUND
Proposed Reorganization
On February 16, 2023, the Board of Trustees of the Touchstone Strategic Trust (“Trust”) approved converting the Fund into an exchange-traded fund (“ETF”) by the reorganization of the Fund into a new ETF, which upon filing and regulatory approval will be a newly-created fund in the Touchstone family of funds, (the “Reorganization”). The Fund’s shareholders will be required to approve the Reorganization. Additional information about the ETF will be available on or about March 13, 2023.
A proxy statement/prospectus containing more information regarding the Reorganization will be filed with the Securities and Exchange Commission, and once effective, will be mailed to Fund shareholders in the second quarter of 2023. A special meeting of the Fund’s shareholders is expected to be held in the third quarter of 2023 (the “Special Meeting”), at which shareholders of record of the Fund will be asked to vote on the proposal to approve the Reorganization. If the Reorganization is approved by Fund shareholders at the Special Meeting and subject to certain additional conditions, the Reorganization is expected to be completed in the fourth quarter of 2023. Expenses associated with the Reorganization will be borne by Touchstone Advisors, Inc.
The foregoing is not an offer to sell, nor a solicitation of an offer to buy, any shares in connection with the Reorganization, nor is it a solicitation of any proxy.
Please retain this Supplement for future reference.
IMPORTANT NOTICE
Touchstone Mutual Fund Conversion to Exchange-Traded Fund Q4 2023
Touchstone Dynamic Allocation Fund
| TA# | Touchstone Mutual Fund Name | CUSIP | TICKER |
| 3067 | Dynamic Allocation Fund Class A | 89154Q307 | TSMAX |
| 3068 | Dynamic Allocation Fund Class C | 89154Q406 | TSMCX |
| 3086 | Dynamic Allocation Fund Class Y | 89154Q505 | TSMYX |
On February 16, 2023, the Board of Trustees of the Touchstone Strategic Trust (“Trust”) approved converting the Touchstone Dynamic Allocation Fund (the “Fund”) into an exchange-traded fund (“ETF”) by the reorganization of the Fund into a new ETF, which upon filing and regulatory approval will be a newly-created fund in the Touchstone family of funds, (the “Reorganization”). The Fund’s shareholders will be required to approve the Reorganization. Additional information will be available on or about March 13, 2023.
A Special Meeting of Shareholders is expected to be held (the “Special Meeting”), at which shareholders of the Target Fund will be asked to vote on the proposal to approve the Reorganization. The Reorganization is expected to be tax-free for U.S. federal income tax purposes.
Touchstone will distribute more details on the expected share class collapse and subsequent reorganization and in the coming months ahead of the event.
Should you have any questions, DTCC participant firms are invited to call BNY Mellon Broker Dealer Services at 877-332-2371. For any fund direct business or fund related inquiries, please contact Touchstone Shareholder Services at 800-543-0407.
FOR BROKER DEALER USE ONLY
TC131987(0223)1