Common use of TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND Clause in Contracts

TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND. The Base Fee The Base Fee If the Fund: Increases by: If the Fund: Decreases by: ------------ ------------- ------------ ------------- Outperforms the Index by 2.50% or more + 0.15% Underperforms the Index by 2.50% or more - 0.15% Outperforms the Index by 2.49% or less 0.00% Underperforms the Index by 2.49% or less 0.00% SCHEDULE C TO THE INVESTMENT ADVISORY AGREEMENT FOR FUNDS WITH NO PERFORMANCE ADJUSTMENT ---------------------------------------- This Schedule C shall apply to each of the Funds identified on Schedule C-1 hereto. (a) The Trust shall pay to the Adviser a fee for each Fund calculated daily and payable monthly in arrears, computed as a percentage of the average net assets of the Fund for such month at the rate set forth in Schedule C-1 hereto. (b) The "average net assets" of the Fund for any month shall be equal to the quotient produced by dividing (i) the sum of the net assets of such Fund, determined in accordance with procedures established from time to time by or under the direction of the Board of Trustees of the Trust, for each calendar day of such month, by (ii) the number of such days.

TOUCHSTONE SANDS CAPITAL SELECT GROWTH FUND. The Base Fee The Base Fee If the Fund: Increases by: If the Fund: Decreases by: ------------ ------------- ------------ ------------- Outperforms the Index by 2.50% or more + 0.15% Underperforms the Index by 2.50% or more - 0.15% Outperforms the Index by 2.49% or less 0.00% Underperforms the Index by 2.49% or less 0.00% SCHEDULE C TO THE INVESTMENT ADVISORY AGREEMENT FOR FUNDS WITH NO PERFORMANCE ADJUSTMENT ---------------------------------------- This Schedule C shall apply to each of the Funds identified on Schedule C-1 hereto. (a) The Trust shall pay to the Adviser a fee for each Fund calculated daily and payable monthly in arrears, computed as a percentage of the average net assets of the Fund for such month at the rate set forth in Schedule C-1 hereto. (b) The "average net assets" of the Fund for any month shall be equal to the quotient produced by dividing (i) the sum of the net assets of such Fund, determined in accordance with procedures established from time to time by or under the direction of the Board of Trustees of the Trust, for each calendar day of such month, by (ii) the number of such days.