Fund Description

The fund was incepted in October 1994 and is managed by Touchstone Advisors. The fund seeks to increase the value of fund shares as a primary goal and to earn income as a secondary goal. The fund invests at least 65% of its assets in emerging growth companies. Emerging growth companies can include companies that have earnings that the portfolio managers believe may grow faster than the U.S. economy in general due to new products, management changes at the company or economic shocks such as high inflation or sudden increases or decreases in interest rates. These companies can also include companies that the portfolio managers believe are undervalued, including companies with unrecognized asset values or undervalued growth, and companies undergoing a turnaround. The fund invests in common stocks of small cap and mid cap companies. The fund may also invest in companies in the technology sector. The fund offers dividends and capital gains annually.