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2012-11-30
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TOUCHSTONE STRATEGIC TRUST
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2013-01-16
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<div>
<p style="margin: 0in 0in 6pt; text-align: justify; line-height: normal;" class="msonormal"><font size="2" style="font-family:times new roman,times"><b>TOUCHSTONE MICRO CAP VALUE FUND</b></font></p>
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<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">TOUCHSTONE STRATEGIC TRUST</font></b></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">TOUCHSTONE MICRO CAP VALUE FUND</font></b></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">Supplement To the Prospectus and Summary Prospectus Dated November 30, 2012</font></b></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">The Fund’s Principal Investment Strategies</font></b></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">The section of the Prospectus, “The Fund’s Principal Investment Strategies”, is replaced with the following:</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">Under normal circumstances, the Fund invests at least 80% of its assets in equity securities of micro-cap companies. This is a non-fundamental policy that the Fund can change upon 60 days’ prior notice to shareholders. In implementing this policy, the Fund primarily invests in common stocks of micro-cap companies. Micro-cap companies are those companies contained within the Russell Micro Cap® Value Index, or companies with similar size characteristics at the time of initial purchase.  As of October 31, 2012, the market capitalization of companies included in the Russell Micro Cap® Value Index ranged from $11 million to $837 million.  As of October 31, 2012, the average market capitalization for companies contained within the Russell Micro Cap® Value Index was approximately $310 million and the median market capitalization was approximately $162 million.  The size of the companies in the Russell Micro Cap® Value Index will change with market conditions.</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">The Fund’s sub-advisor, Russell Implementation Services, Inc. (“Russell”), will seek to achieve returns similar to the Fund’s benchmark index, the Russell Micro Cap® Value Index, based on estimated tracking error while controlling transaction-related expenses through reduced trading.  In seeking to achieve returns similar to the Index, Russell purchases a representative sample of the securities within the Russell Micro Cap® Value Index.  Russell will seek to manage the Fund’s risk, as measured by the annualized estimated tracking error relative to the benchmark index, by targeting a 2.0% tracking error and</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
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<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">rebalancing the Fund if the tracking error exceeds 2.25%. The Fund’s portfolio will be determined through various risk optimization models to target a 2.0% tracking error and will also be designed to mitigate and reduce other risk. If the Fund’s tracking error exceeds 2.25%, as measured at least weekly, Russell will re-optimize the Fund’s portfolio back to the 2.0% annualized target, under the limitation that any securities purchased are within the Russell Micro Cap® Value Index’s universe.</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">The Principal Risks and Investment Strategies and Risks</font></b></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">The following risk is added to the sections of the Prospectus, “The Principal Risks” and “Investment Strategies and Risks”:</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">Tracking Error Risk:</font></b><font style="font-size: 10.0pt;" size="2">  There is no assurance that the sub-advisor will achieve returns similar to that of the index.  The sub-advisor does not attempt to manage market volatility or reduce the effects of poor stock performance.  In addition, factors such as Fund expenses, changes in the composition of the index, or the timing of purchases or redemptions of Fund shares may affect the correlation between the performance of the index and the Fund’s performance.</font></p>
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<div><font size="2" style="font-family:times new roman,times"> <b>The Fund’s Principal Investment Strategies</b></font></div>
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<div style="font-family: times new roman;">
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">The section of the Prospectus, “The Fund’s Principal Investment Strategies”, is replaced with the following:</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">Under normal circumstances, the Fund invests at least 80% of its assets in equity securities of micro-cap companies. This is a non-fundamental policy that the Fund can change upon 60 days’ prior notice to shareholders. In implementing this policy, the Fund primarily invests in common stocks of micro-cap companies. Micro-cap companies are those companies contained within the Russell Micro Cap® Value Index, or companies with similar size characteristics at the time of initial purchase.  As of October 31, 2012, the market capitalization of companies included in the Russell Micro Cap® Value Index ranged from $11 million to $837 million.  As of October 31, 2012, the average market capitalization for companies contained within the Russell Micro Cap® Value Index was approximately $310 million and the median market capitalization was approximately $162 million.  The size of the companies in the Russell Micro Cap® Value Index will change with market conditions.</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">The Fund’s sub-advisor, Russell Implementation Services, Inc. (“Russell”), will seek to achieve returns similar to the Fund’s benchmark index, the Russell Micro Cap® Value Index, based on estimated tracking error while controlling transaction-related expenses through reduced trading.  In seeking to achieve returns similar to the Index, Russell purchases a representative sample of the securities within the Russell Micro Cap® Value Index.  Russell will seek to manage the Fund’s risk, as measured by the annualized estimated tracking error relative to the benchmark index, by targeting a 2.0% tracking error and</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font><font style="font-size: 10.0pt;; font-family:times new roman" size="2"> </font></p>
</div>
<div style="font-family: times new roman;">
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">rebalancing the Fund if the tracking error exceeds 2.25%. The Fund’s portfolio will be determined through various risk optimization models to target a 2.0% tracking error and will also be designed to mitigate and reduce other risk. If the Fund’s tracking error exceeds 2.25%, as measured at least weekly, Russell will re-optimize the Fund’s portfolio back to the 2.0% annualized target, under the limitation that any securities purchased are within the Russell Micro Cap® Value Index’s universe.</font></p>
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<div><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">The Principal Risks</font></b></div>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt; ; font-family: times new roman;; font-family:times new roman,times">The following risk is added to the sections of the Prospectus, “The Principal Risks” and “Investment Strategies and Risks”:</font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt; ; font-family: times new roman;; font-family:times new roman,times"> </font></p>
<p style="margin: 0in 0in .0001pt;"><font style="font-family:times new roman,times"><b><font style="font-size: 10.0pt; font-weight: bold; ; font-family: times new roman;">Tracking Error Risk:</font></b><font style="font-size: 10.0pt;">  There is no assurance that the sub-advisor will achieve returns similar to that of the index.  The sub-advisor does not attempt to manage market volatility or reduce the effects of poor stock performance.  In addition, factors such as Fund expenses, changes in the composition of the index, or the timing of purchases or redemptions of Fund shares may affect the correlation between the performance of the index and the Fund’s performance.</font></font></p>
<p align="center" style="margin: 0in 0in .0001pt; text-align: center;"><b><font style="font-size: 10.0pt; font-weight: bold;; font-family:times new roman" size="2">Please retain this Supplement for future reference.</font></b></p>
<div style="font-family: times new roman;">
<p style="margin: 0in 0in .0001pt;"><font style="font-size: 10.0pt;; font-family:times new roman" size="2">Under normal circumstances, the Fund invests at least 80% of its assets in equity securities of micro-cap companies.</font></p>
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