| Investment Objective: |
Touchstone Dynamic International ETF seeks capital appreciation. The Fund invests, under normal circumstances, at least 80% of its assets in equity securities of non-U.S. companies. The Fund's 80% policy is a non-fundamental investment policy that can be changed upon 60 days' prior notice to shareholders. Equity securities include common stocks, preferred stocks, depositary receipts such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs"), Real Estate Investment Trusts ("REITs"), and interests in other investment companies, including other exchange-traded funds that invest in equity securities. The Fund's sub-adviser, Los Angeles Capital Management LLC ("Los Angeles Capital"), employs a quantitative investment process for security selection and risk management. Los Angeles Capital's Dynamic Alpha Stock Selection Model is a proprietary quantitative model used to build equity portfolios that adapt to market conditions. The model considers a range of valuation, earnings and management characteristics to identify current drivers of return. |
