AMENDMENT to SUB-ADVISORY AGREEMENT Touchstone Flexible Income Fund A series of
AMENDMENT to SUB-ADVISORY AGREEMENT
Touchstone Flexible Income Fund
A series of
This AMENDMENT is made as of [ ], 2017 to the Sub-Advisory Agreement dated September 10, 2012 (the “Agreement”) between Touchstone Advisors, Inc. (the “Advisor”) and ClearArc Capital, Inc., formerly Fifth Third Asset Management, Inc. (the “Sub-Advisor”), relating to the Touchstone Flexible Income Fund (formerly, the Touchstone Strategic Income Fund), a series of the Touchstone Strategic Trust (the “Fund”).
1. | Section 3(a) “Compensation of the Sub-Advisor” is hereby deleted in its entirety and replaced with the following: |
“ a. As compensation for the services to be rendered and duties undertaken under this Agreement by the Sub-Advisor, the Advisor will pay to the Sub-Advisor a monthly fee equal on an annual basis to XX% on the first XX of average daily net assets of the Fund, and XX% on average daily net assets of the Fund over $XX; without regard to any total expense limitation or other fee waiver applied by the Trust or the Advisor. Such fee shall be computed and accrued daily. If the Sub-Advisor serves in such capacity for less than the whole of any period specified in Section 9(a) of this Agreement, the compensation to the Sub-Advisor shall be prorated. For purposes of calculating the Sub-Advisor’s fee, the daily value of the Fund Assets shall be computed by the same method as the Trust uses to compute the Fund’s net asset value for purposes of purchases and redemptions of shares.”
[Signature page follows]
This Amendment to the Agreement is signed as of the date first set forth above.
TOUCHSTONE ADVISORS, INC. | CLEARARC CAPITAL, INC. |
BY: Xxxxxx X. Xxxxxxxx President | BY: Name: Title: |
BY: Xxxxxxx X. Xxxxxx Senior Vice President | |
