VIA EDGAR
December 18, 2012
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
| Re: | Touchstone Strategic Trust |
| File Nos. 002-80859 and 811-03651 |
Ladies and Gentlemen:
On behalf of Touchstone Strategic Trust (the “Registrant”), and pursuant to Rule 497(e) under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirror the risk/return summary information as supplemented, dated December 6, 2012, to the Prospectus dated October 30, 2012 for the Touchstone Small Cap Value Opportunities Fund (the “Fund”). The purpose of the filing is to submit the 497(e) filing dated December 6, 2012 (SEC Accession No. 0001104659-12-082428) in XBRL for the Fund.
If you have any questions about this matter please contact Elizabeth Freeman at 617-248-3631.
Very truly yours,
TOUCHSTONE STRATEGIC TRUST
/s/Jill McGruder
Jill McGruder
President
| Touchstone Small Cap Value Opportunities Fund (Prospectus Summary): | Touchstone Small Cap Value Opportunities Fund |
| SMALL CAP VALUE OPPORTUNITIES FUND |
TOUCHSTONE STRATEGIC TRUST
SMALL CAP VALUE OPPORTUNITIES FUND
Supplement to the Prospectus and Summary Prospectus Dated October 30, 2012
The Fund’s Principal Investment Strategies
Thompson, Siegel & Walmsley LLC, sub-adviser to the Touchstone Small Cap Value Opportunities Fund (the “Fund”), has determined that its quantitative optimization procedure described in the Fund’s Prospectus is ancillary to the Fund’s core investment strategy and therefore should not be included in the discussion of the Fund’s principal investment strategies.
Accordingly, the following replaces the section of the Prospectus and Summary Prospectus entitled, “The Fund’s Principal Investment Strategies”:
“The Fund normally invests at least 80% of its assets in equity securities of small-cap companies. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days’ prior notice to shareholders. For purposes of this Fund, small-cap companies are those companies with market capitalizations at the time of investment similar to the market capitalizations of companies in the Russell 2000® Value Index (between approximately $26 million and $5.2 billion as of October 31, 2012). The size of the companies in the Russell 2000® Value Index will change with market conditions. Equity securities include common and preferred stocks.
Thompson, Siegel & Walmsley LLC (“TS&W”), the Fund’s sub-advisor, primarily invests in common stocks. TS&W seeks to invest in companies it believes present a value or potential worth that is not recognized by prevailing market prices or that have experienced some fundamental changes and are intrinsically undervalued by the investment community. TS&W’s small-cap value process uses a combination of quantitative and qualitative methods and is based on a four-factor valuation screen. Parts one and two of the screen attempt to assess a company’s discount to private market value relative to other small-cap stocks. The third factor considers the relative earnings prospects of the company. The fourth factor involves looking at the company’s recent price action.
TS&W’s analysts also explore numerous factors that might affect the outlook for a company. They evaluate publicly available information including but not limited to sell-side research, company filings, and trade periodicals. The analysts may speak with company management to hear their perspectives and outlook on the pertinent business issues. They apply a consistent and disciplined review in a team environment that encourages critical thinking and analysis for each company considered for investment.
TS&W generally considers selling a security when the catalyst for the investment is no longer valid, when TS&W believes that another stock will have a higher expected return, or for portfolio risk management.”
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Please retain this Supplement for future reference.
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Prospectus Date | rr_ProspectusDate | Oct. 30, 2012 |
|
Touchstone Small Cap Value Opportunities Fund (Prospectus Summary): | Touchstone Small Cap Value Opportunities Fund
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Risk/Return, Heading | rr_RiskReturnHeading | SMALL CAP VALUE OPPORTUNITIES FUND |
| Supplement Text | ck0000711080_SupplementTextBlock |
TOUCHSTONE STRATEGIC TRUST
SMALL CAP VALUE OPPORTUNITIES FUND
Supplement to the Prospectus and Summary Prospectus Dated October 30, 2012
The Fund’s Principal Investment Strategies
Thompson, Siegel & Walmsley LLC, sub-adviser to the Touchstone Small Cap Value Opportunities Fund (the “Fund”), has determined that its quantitative optimization procedure described in the Fund’s Prospectus is ancillary to the Fund’s core investment strategy and therefore should not be included in the discussion of the Fund’s principal investment strategies.
Accordingly, the following replaces the section of the Prospectus and Summary Prospectus entitled, “The Fund’s Principal Investment Strategies”:
“The Fund normally invests at least 80% of its assets in equity securities of small-cap companies. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days’ prior notice to shareholders. For purposes of this Fund, small-cap companies are those companies with market capitalizations at the time of investment similar to the market capitalizations of companies in the Russell 2000® Value Index (between approximately $26 million and $5.2 billion as of October 31, 2012). The size of the companies in the Russell 2000® Value Index will change with market conditions. Equity securities include common and preferred stocks.
Thompson, Siegel & Walmsley LLC (“TS&W”), the Fund’s sub-advisor, primarily invests in common stocks. TS&W seeks to invest in companies it believes present a value or potential worth that is not recognized by prevailing market prices or that have experienced some fundamental changes and are intrinsically undervalued by the investment community. TS&W’s small-cap value process uses a combination of quantitative and qualitative methods and is based on a four-factor valuation screen. Parts one and two of the screen attempt to assess a company’s discount to private market value relative to other small-cap stocks. The third factor considers the relative earnings prospects of the company. The fourth factor involves looking at the company’s recent price action.
TS&W’s analysts also explore numerous factors that might affect the outlook for a company. They evaluate publicly available information including but not limited to sell-side research, company filings, and trade periodicals. The analysts may speak with company management to hear their perspectives and outlook on the pertinent business issues. They apply a consistent and disciplined review in a team environment that encourages critical thinking and analysis for each company considered for investment.
TS&W generally considers selling a security when the catalyst for the investment is no longer valid, when TS&W believes that another stock will have a higher expected return, or for portfolio risk management.”
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| Supplement Closing | ck0000711080_SupplementClosingTextBlock |
Please retain this Supplement for future reference.
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Touchstone Small Cap Value Opportunities Fund | A
|
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| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | TSOAX |
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Touchstone Small Cap Value Opportunities Fund | C
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| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | TSOCX |
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Touchstone Small Cap Value Opportunities Fund | Institutional
|
||
| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | TSOIX |
|
Touchstone Small Cap Value Opportunities Fund | Y
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| Risk/Return: | rr_RiskReturnAbstract | |
| Trading Symbol | dei_TradingSymbol | TSOYX |