AMENDMENT NO. 5 TO FEE WAIVER AGREEMENT
AGREEMENT by and between Touchstone Funds Group Trust, a Delaware business
trust (the "Trust") and Touchstone Advisors, Inc. (the "Advisor").
WHEREAS, the Trust and the Advisor entered into a Fee Waiver Agreement
dated March 1, 2006, as amended November 20, 2006, February 1, 2007, May 11,
2007 and July 20, 2007 whereby the Advisor agreed to limit certain Funds "Other
Expenses" for the length of time and limits stated in the Agreements; and
WHEREAS, the Trust and the Advisor wish to amend the Amended Agreement as
of December 3, 2007 to reflect the addition of the Premium Yield Equity Fund.
NOW THEREFORE, the Advisor hereby agrees to limit the Funds' expenses for
the length of time and the limits stated in this Amended Agreement.
OTHER EXPENSES LIMITS
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FUND LENGTH/TYPE OF LIMITATION OTHER EXPENSES LIMIT
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Touchstone Mid Cap Fund Class A Contractual waiver through 0.35%
3/1/2008
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Touchstone Mid Cap Fund Class C Contractual waiver through 0.35%
3/1/2008
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Touchstone Mid Cap Fund Class Y Contractual waiver through 0.10%
3/1/2008
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Touchstone Strategic Value and Contractual waiver through 0.15%
High Income Fund Class Y 3/1/2008
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Touchstone Sands Capital Select Contractual waiver through 0.25%
Growth Fund Class Y 3/1/2008
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Touchstone Short Duration Fixed Contractual waiver through 0.24%
Income Fund Class Z 3/1/2008
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Touchstone Ultra Short Duration Contractual waiver through 0.19%
Fixed Income Fund Class Z 3/1/2008
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Touchstone Value Opportunities Contractual waiver through 0.35%
Fund Class Z 3/1/2008
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Touchstone Value Opportunities Contractual waiver through 0.35%
Fund Class A 3/1/2008
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Touchstone Value Opportunities Contractual waiver through 0.35%
Fund Class C 3/1/2008
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Touchstone Small Cap Value Contractual waiver through 0.30%
Opportunities Fund Class A 8/1/2008
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Touchstone Small Cap Value Contractual waiver through 0.30%
Opportunities Fund Class C 8/1/2008
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Touchstone Small Cap Value Contractual waiver through 0.30%
Opportunities Fund Class Z 3/1/2008
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Touchstone Diversified Small Cap Contractual waiver through 0.35%
Value Fund Class A 3/1/2008
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Touchstone Diversified Small Cap Contractual waiver through 0.35%
Value Fund Class C 3/1/2008
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Touchstone Diversified Small Cap Contractual waiver through 0.35%
Value Fund Class Z 3/1/2008
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Touchstone Healthcare and Contractual waiver through 0.30%
Biotechnology Fund Class A 3/1/2008
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Touchstone Healthcare and Contractual waiver through 0.30%
Biotechnology Fund Class C 3/1/2008
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Touchstone Clover Core Fixed Contractual waiver through 0.40%
Income Fund Class I 3/1/2008
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OTHER EXPENSES AND SHAREHOLDER SERVICES FEES LIMITS
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FUND LENGTH/TYPE OF LIMITATION OTHER EXPENSES AND
SHAREHOLDER SERVICES
FEES LIMIT
------------------------------------------------------------------------------------------------------
Touchstone Mid Cap Fund Class Z Contractual waiver through 0.35%
3/1/2008
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Touchstone Sands Capital Select Contractual waiver through 0.50%
Growth Fund Class Z 3/1/2008
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OTHER EXPENSES AND DISTRIBUTION AND/OR SHAREHOLDER SERVICES FEES LIMITS
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FUND LENGTH/TYPE OF LIMITATION OTHER EXPENSES AND
DISTRIBUTION AND/OR
SHAREHOLDER SERVICES
FEES LIMIT
------------------------------------------------------------------------------------------------------
Touchstone Strategic Value and Contractual waiver through 0.40%
High Income Fund Class A 3/1/2008
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Touchstone Strategic Value and Contractual waiver through 1.15%
High Income Fund Class C 3/1/2008
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Touchstone Diversified Value Fund Contractual waiver through 0.40%
Class A 3/1/2008
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Touchstone Diversified Value Fund Contractual waiver through 1.15%
Class C 3/1/2008
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Touchstone Diversified Growth Fund Contractual waiver through 0.40%
Class A 3/1/2008
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Touchstone Small Cap Fund Class A Contractual waiver through 0.40%*
3/1/2008
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Touchstone Small Cap Fund Class C Contractual waiver through 1.15%*
3/1/2008
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Touchstone Family Heritage Fund Contractual waiver through 0.40%
Class A 3/1/2008
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Touchstone Family Heritage Fund Contractual waiver through 1.15%
Class C 3/1/2008
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Touchstone Tax-Exempt Bond Fund Contractual waiver through 0.40%
Class A 3/1/2008
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Touchstone International Equity Contractual waiver through 0.50%*
Fund Class A 3/1/2008
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Touchstone International Equity Contractual waiver through 1.25%*
Fund Class C 3/1/2008
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Touchstone Pitcairn Taxable Bond Contractual waiver through 0.50%
Fund Class II 3/1/2008
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*The fee waiver obligation will be reduced by up to 0.01% to the extent that the
Fund earns revenues from securities lending activities.
MAXIMUM OPERATING EXPENSE LIMITS
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FUND LENGTH/TYPE OF LIMITATION MAXIMUM OPERATING
EXPENSE LIMITS
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Touchstone Premium Yield Equity Contractual waiver through 1.20%
Fund Class A 12/15/2008
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Touchstone Premium Yield Equity Contractual waiver through 1.95%
Fund Class C 12/15/2008
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IN WITNESS WHEREOF, the parties hereto have caused the Amended Agreement
to become effective as of December 3, 2007.
TOUCHSTONE FUNDS GROUP TRUST
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇▇
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Title: Vice President
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TOUCHSTONE ADVISORS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇
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Name: ▇▇▇▇▇▇▇ ▇▇▇▇
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Title: Senior Vice President
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