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<roleRef xlink:type="simple" xlink:href="cik0000914243-20130130.xsd#RiskreturnDetailDataTouchstoneSmallCapValueFundSummaryElements" roleURI="http://www.TouchstoneInvestments.com/role/RiskreturnDetailDataTouchstoneSmallCapValueFundSummaryElements"/>
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<roleRef xlink:type="simple" xlink:href="cik0000914243-20130130.xsd#AnnualFundOperatingExpensesTouchstoneUltraShortDurationFixedIncomeFundSummary" roleURI="http://www.TouchstoneInvestments.com/role/AnnualFundOperatingExpensesTouchstoneUltraShortDurationFixedIncomeFundSummary"/>
<calculationLink xlink:type="extended" xlink:role="http://www.TouchstoneInvestments.com/role/AnnualFundOperatingExpensesTouchstoneUltraShortDurationFixedIncomeFundSummary">











<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_NetExpensesOverAssets" xlink:label="loc_rr_NetExpensesOverAssets"/>
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<loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2012/rr-2012-01-31.xsd#rr_ManagementFeesOverAssets" xlink:label="loc_rr_ManagementFeesOverAssets_1"/>
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