VIA EDGAR
June 13, 2013
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: | Touchstone Funds Group Trust |
File Nos. 33-70958/811-8104 |
Ladies and Gentlemen:
On behalf of Touchstone Funds Group 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 mirrors that risk/return summary information as supplemented, dated May 24, 2013, to the Prospectus dated January 30, 2013, for the Touchstone Global Real Estate Fund and the Touchstone Small Cap Value Fund (the “Funds”). The purpose of the filing is to submit the 497(e) filing dated May 24, 2013 (Accession No. 0001104659-13-044700) in XBRL for the Funds.
If you have any questions about this matter please contact Elizabeth Freeman at 617-248-3631.
Very truly yours,
TOUCHSTONE FUNDS GROUP TRUST
/s/ Terrie Wiedenheft
Terrie Wiedenheft
Treasurer & Controller
Touchstone Global Real Estate Fund (Prospectus Summary) | Touchstone Global Real Estate Fund |
Touchstone Global Real Estate Fund |
The Fund’s Principal Investment Strategies |
The section of the prospectus entitled, “The Fund’s Principal Investment Strategies”, is replaced with the following:
The Fund invests, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in real estate equity securities of U.S. and foreign companies without regard to market capitalization. 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, real estate equity securities include common stocks, preferred stocks, and other equity securities issued by real estate investment trusts (“REITs”) and other real estate operating companies that derive the majority of their revenue from the direct or indirect ownership, construction, financing, management, or sale of commercial, industrial, or residential real estate. The Fund will invest significantly (generally 40% or more of the Fund’s assets) in real estate equity securities of companies domiciled outside the U.S. or with a majority of their assets or real estate activities outside the U.S.
The Fund’s sub-advisor, Forum Securities Limited (“Forum Securities”), will seek to achieve returns that are equal to or ahead of the Fund’s benchmark index, the FTSE EPRA/NAREIT Developed Index (the “Index”), while generating current income that is in excess of that of the Index and experiencing volatility that is below that of the Index. Forum Securities will utilize proprietary return and risk models to select investments that have either high and sustainable dividends or a combination of characteristics believed by Forum Securities to enable the investments to generate sustainable returns in excess of the Index. These characteristics include market positioning, property quality, management expertise, business model and structure, financial management, and valuation. It is anticipated that these characteristics will vary in significance over time as global and regional economic cycles fluctuate.
Forum Securities will sell a security if it achieves the targeted total return, the current return no longer warrants investment given the perception of the inherent risks, or if the investment team feels that better returns can be achieved elsewhere. Factors that may impact the expected return and risk outlook are:
· The fundamental characteristics of the company change; · The evolution of the business cycle changes the long term prospects for the company; · Management deviates from the stated business plan; · Management adopts policies the investment team deems either to be unfriendly to shareholders, or to destroy value for existing shareholders; and · The security’s valuation is excessive relative to its peers or Forum Securities’ internally derived value.
The Fund is non-diversified and may invest a significant percentage of its assets in the securities of a single company. The Fund concentrates its investments in the real estate industry. |
The Principal Risks and Investment Strategies and Risks |
“Tracking Error Risk”, which was added to the sections of the prospectus “The Principal Risks” and “Investment Strategies and Risks” by the Supplement to the Prospectus and Summary Prospectus dated February 21, 2013, is deleted. |
May 24, 2013
TOUCHSTONE FUNDS GROUP TRUST
Touchstone Global Real Estate Fund
Supplement to the Prospectus and Summary Prospectus Dated January 30, 2013
Change in Sub-Advisor
On May 23, 2013, the Board of Trustees (the “Board”) of Touchstone Funds Group Trust, including those Trustees who are not “interested persons” of the Trust, as such term is defined in the Investment Company Act of 1940, as amended, approved the selection of Forum Securities Limited (“Forum Securities”) as sub-advisor to the Touchstone Global Real Estate Fund (the “Fund”). The change of sub-advisor from Russell Implementation Services, Inc. (“Russell”), the current interim sub-advisor to the Fund, to Forum Securities will be effective on or about the close of business on May 24, 2013. In selecting Forum Securities as sub-advisor, the Board considered, among other factors, the nature, extent, and quality of the management services proposed by Forum Securities and the experience of the personnel providing those services; the history of Forum Securities’ investment performance relating to the services; and the fees associated with those services. All references to Russell as sub-advisor of the Fund in the summary prospectus and prospectus are deleted and replaced with Forum Securities Limited. Additionally, the following changes have been made to the summary prospectus and prospectus.
The Fund’s Principal Investment Strategies
The section of the prospectus entitled, “The Fund’s Principal Investment Strategies”, is replaced with the following:
The Fund invests, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in real estate equity securities of U.S. and foreign companies without regard to market capitalization. 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, real estate equity securities include common stocks, preferred stocks, and other equity securities issued by real estate investment trusts (“REITs”) and other real estate operating companies that derive the majority of their revenue from the direct or indirect ownership, construction, financing, management, or sale of commercial, industrial, or residential real estate. The Fund will invest significantly (generally 40% or more of the Fund’s assets) in real estate equity securities of companies domiciled outside the U.S. or with a majority of their assets or real estate activities outside the U.S.
The Fund’s sub-advisor, Forum Securities Limited (“Forum Securities”), will seek to achieve returns that are equal to or ahead of the Fund’s benchmark index, the FTSE EPRA/NAREIT Developed Index (the “Index”), while generating current income that is in excess of that of the Index and experiencing volatility that is below that of the Index. Forum Securities will utilize proprietary return and risk models to select investments that have either high and sustainable dividends or a combination of characteristics believed by Forum Securities to enable the investments to generate sustainable returns in excess of the Index. These characteristics include market positioning, property quality, management expertise, business model and structure, financial management, and valuation. It is anticipated that these characteristics will vary in significance over time as global and regional economic cycles fluctuate.
Forum Securities will sell a security if it achieves the targeted total return, the current return no longer warrants investment given the perception of the inherent risks, or if the investment team feels that better returns can be achieved elsewhere. Factors that may impact the expected return and risk outlook are:
· The fundamental characteristics of the company change; · The evolution of the business cycle changes the long term prospects for the company; · Management deviates from the stated business plan; · Management adopts policies the investment team deems either to be unfriendly to shareholders, or to destroy value for existing shareholders; and · The security’s valuation is excessive relative to its peers or Forum Securities’ internally derived value.
The Fund is non-diversified and may invest a significant percentage of its assets in the securities of a single company. The Fund concentrates its investments in the real estate industry.
The Principal Risks and Investment Strategies and Risks
“Tracking Error Risk”, which was added to the sections of the prospectus “The Principal Risks” and “Investment Strategies and Risks” by the Supplement to the Prospectus and Summary Prospectus dated February 21, 2013, is deleted. |
Please retain this Supplement for future reference. |
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