<?xml version="1.0" encoding="UTF-8"?>
<!--XBRL Document Modified with Ez-Editor Version 1.0.2.3 by DataTracks on Wednesday, February 06, 2013 12:23:24 PM -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
<roleRef xlink:type="simple" xlink:href="cik0000066117-20130130.xsd#OperatingExpensesData" roleURI="http://www.TouchstoneInvestments.com/role/OperatingExpensesData"/>
<calculationLink xlink:type="extended" xlink:role="http://www.TouchstoneInvestments.com/role/OperatingExpensesData">
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="loc_rr_NetExpensesOverAssets"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ExpensesOverAssets" xlink:label="loc_rr_ExpensesOverAssets"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rr_NetExpensesOverAssets" xlink:to="loc_rr_ExpensesOverAssets" order="10" use="optional" weight="1"/>
<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="loc_rr_FeeWaiverOrReimbursementOverAssets"/>
<calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="loc_rr_NetExpensesOverAssets" xlink:to="loc_rr_FeeWaiverOrReimbursementOverAssets" order="20" use="optional" weight="-1"/>
</calculationLink>

</linkbase>
