# EDGAR Filing Document

**Accession Number:** 0001919700
**File Stem:** 0001104659-26-038344
**Filing Date:** 2026-4
**Character Count:** 41080
**Document Hash:** 5e881d791c665a1527755e07e9e4af3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-038344.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001104659-26-038344

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**EFFECTIVENESS DATE**: 20260401

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Touchstone ETF Trust
- **CENTRAL INDEX KEY:** 0001919700

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-292360
- **FILM NUMBER:** 26825777

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202
- **BUSINESS PHONE:** 513-362-8224

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202

**As filed with the Securities and Exchange Commission on April 1, 2026**

**File No. 333-292360**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM N-14**

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933**

Pre-Effective Amendment No.

☒ Post-Effective Amendment No. 1

(Check appropriate box or boxes)

**Touchstone ETF Trust**

(Exact Name of Registrant as Specified in Charter)

(800) 638-8194

(Area Code and Telephone Number)

303 Broadway, Suite 1100

Cincinnati, Ohio 45202

(Address of Principal Executive Offices: Number, Street, City, State, Zip Code)

**Terrie A. Wiedenheft**

**303 Broadway, Suite 1100**

**Cincinnati, Ohio 45202**

(Name and Address of Agent for Service)

*Copies to:*

Clair E. Pagnano, Esq.

K&L Gates LLP

1 Congress Street, Suite 2900

Boston, Massachusetts 02114-2023

Ndenisarya M. Bregasi, Esq.

K&L Gates LLP

1601 K Street, NW

Washington, D.C. 20006-1600

**EXPLANATORY NOTE**

The purpose of this Post-Effective Amendment No. 1 to the Registration Statement of the Registrant on Form N-14 (333-292360) is to file Exhibit 12, Conformed copy of Executed Opinion regarding Tax Consequences of the Reorganization, as discussed in the Registrant's Form N-14 filing on January 30, 2026.

This Post-Effective Amendment No. 1 consists of the following:

Cover Sheet

Contents of the Registration Statement

Part A -- [The definitive Prospectus/Information Statement of the Registrant as filed on February 4, 2026 pursuant to Rule 497 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1919700/000110465926010189/tm265015d1_497.htm)

Part B -- [The definitive Statement of Additional Information of the Registrant as filed on February 4, 2026 pursuant to Rule 497 is incorporated herein by reference.](https://www.sec.gov/Archives/edgar/data/1919700/000110465926010189/tm265015d1_497.htm)

Part C -- Other Information

Signature Page

Exhibits

Exhibit 12 - Conformed copy of Execution Opinion regarding Tax Consequences of the Reorganization for Touchstone Large Company Growth ETF

**PART C. OTHER INFORMATION**

**ITEM 15. INDEMNIFICATION**

The Registrant is organized as a Delaware statutory trust and is operated pursuant to a Declaration of Trust dated February 1, 2022, that permits the Registrant to indemnify its trustees and officers under certain circumstances. Such indemnification, however, is subject to the limitations imposed by the Securities Act of 1933, as amended ("1933 Act"), and the Investment Company Act of 1940, as amended (the "1940 Act"). The Registrant's Declaration of Trust provides that officers and trustees of the Trust shall be indemnified by the Trust against liabilities and expenses of defense in proceedings against them by reason of the fact that they each serve as an officer or trustee of the Trust. Article IX of the Registrant's Agreement and Declaration of Trust provides for indemnification of officers and Trustees as follows:

Section 2. INDEMNIFICATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject to the exceptions and limitations contained in subsection (b) below;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) every person who is, or has been, a Trustee or an officer, employee or agent of the Trust or is or was serving at the request of the Trust as a trustee, director, officer, employee or agent of another organization in which the Trust has any interest as a shareholder, creditor or otherwise ("Covered Person") shall be indemnified by the Trust to the fullest extent permitted by law against liability and against all expenses reasonably incurred or paid by him or her in connection with: (A) any claim, action, suit or proceeding in which he or she becomes involved as a party or otherwise by virtue of his or her being or having been a Covered Person and against amounts paid or incurred by him or her in the settlement thereof; and (B) any liabilities and expenses, including, without limitation, the cost of credit monitoring, incurred by the indemnified representative as a result of the indemnified representative, while acting in an indemnified capacity, having provided personally identifiable information, including, without limitation, birthdates, social security numbers, driver's license numbers or passport numbers, to a regulator or counterparty by or with whom the Trust, or its series, is regulated or engages in business to satisfy a legal or procedural requirement of such regulator or counterparty, including, without limitation, know-your-customer or anti-money laundering requirements, and the security of such personally identifiable information is compromised and used to the detriment of the indemnified representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) as used herein, the words "claim," "action," "suit" or "proceeding" shall apply to all claims, actions, suits or proceedings (civil, criminal, investigative or other, including appeals), actual or threatened, and the words "liability" and "expenses" shall include, without limitation, attorney's fees, costs, judgments, amounts paid in settlement, fines, penalties and other liabilities whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To the extent required under the 1940 Act, but only to such extent, no indemnification shall be provided hereunder to a Covered Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) who shall have been finally adjudicated by a court or other body before which the proceeding was brought to be liable to the Trust or its Shareholders by reason of bad faith, willful misfeasance, gross negligence or reckless disregard of the duties expressly set forth herein; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in the event of a settlement or other disposition not involving a final adjudication as provided in paragraph (b)(i) above resulting in a payment by a Trustee or officer, unless there has been a determination that such Covered Person did not engage in bad faith, willful misfeasance, gross negligence or reckless disregard of the duties expressly set forth herein: (A) by the court or other body approving the settlement or other disposition; (B) by at least a majority of those Trustees who are neither Interested persons of the Trust nor parties to the matter based upon a review of readily available facts (as opposed to a full trial-type inquiry); or (C) by written opinion of independent legal counsel based upon a review of readily available facts (as opposed to a full trial-type inquiry).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The rights of indemnification herein provided may be insured against by policies maintained by the Trust, shall be severable, shall not be exclusive of or affect any other rights to which any Covered Person may now or hereafter be entitled and shall inure to the benefit of the heirs, executors and administrators of a Covered Person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) To the extent that any determination is required to be made as to whether a Covered Person engaged in conduct for which indemnification is not provided as described herein, or as to whether there is reason to believe that a Covered Person ultimately will be found entitled to indemnification, the person or persons making the determination shall afford the Covered Person a rebuttable presumption that the Covered Person has not engaged in such conduct and that there is reason to believe that the Covered Person ultimately will be found entitled to indemnification.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) To the maximum extent permitted by applicable law, expenses in connection with the preparation and presentation of a defense to any claim, action, suit, proceeding or other matter of the character described in subsection (a) of this Section 2 shall be paid by the Trust and each Series from time to time prior to final disposition thereof upon receipt of an undertaking by or on behalf of such Covered Person that such amount will be paid over by him or her to the Trust or applicable Series if it is ultimately determined that he or she is not entitled to indemnification under this Section 2; provided, however, that any such advancement will be made in accordance with any conditions required by the Commission. The advancement of any expenses pursuant to this Section 2(e) shall under no circumstances be considered a "loan" under the Sarbanes-Oxley Act of 2002, as amended from time to time, or for any other reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Any repeal or modification of this Article IX or adoption or modification of any other provision of this Declaration of Trust inconsistent with this Article shall be prospective only to the extent that such repeal or modification would, if applied retrospectively, adversely affect any limitation on the liability of any Covered Person or indemnification or right to advancement of expenses available to any Covered Person with respect to any act or omission that occurred prior to such repeal, modification or adoption.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing contained herein shall affect any rights to indemnification to which any Covered Person or other person may be entitled by contract or otherwise under law or prevent the Trust from entering into any contract to provide indemnification to any Covered Person or other person. Without limiting the foregoing, the Trust may, in connection with any transaction permitted by this Declaration of Trust, including the acquisition of assets subject to liabilities or a merger or consolidation pursuant hereto, assume the obligation to indemnify any person including a Covered Person or otherwise contract to provide such indemnification, and such indemnification shall not be subject to the terms of this Article IX unless otherwise required under applicable law.

Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

**ITEM 16. EXHIBITS**

[(1)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000010/exa-touchstoneetftrustxdec.htm) [Agreement and Declaration of Trust dated February 1, 2022 is herein incorporated by reference to Exhibit (a) of the Registrant's initial Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on April 8, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000010/exa-touchstoneetftrustxdec.htm)

[(2)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exb-touchstoneetftrustxbyx.htm) [By-Laws of the Trust dated February 1, 2022 are herein incorporated by reference to Exhibit (b) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exb-touchstoneetftrustxbyx.htm)

(3) Not applicable.

[(4)](https://www.sec.gov/Archives/edgar/data/1919700/000110465926010189/tm265015d1_497.htm) [Form of Agreement and Plan of Reorganization is incorporated by reference as part of Part A of the Registrant's definitive Prospectus/Information Statement pursuant to Rule 497 (File No. 333-292360), filed with the SEC on February 4, 2026.](https://www.sec.gov/Archives/edgar/data/1919700/000110465926010189/tm265015d1_497.htm)

(5) Instruments defining rights of security holders with respect to the Registrant are contained in the Declaration of Trust and By-Laws, which are incorporated by reference to Exhibits [(1)](http://www.sec.gov/Archives/edgar/data/1919700/000191970022000010/exa-touchstoneetftrustxdec.htm) and [(2)](http://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exb-touchstoneetftrustxbyx.htm) of this Item 16 of Part C.

---

| | |
|:---|:---|
| [(6)(a)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exd1advisoryagreementfinal.htm) | [Investment Advisory Agreement between the Registrant and Touchstone Advisors, Inc. is herein incorporated by reference to Exhibit (d)(1) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exd1advisoryagreementfinal.htm) |
| [(6)(b)](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99d1c.htm) | [Amended Schedule A dated March 14, 2026 to the Investment Advisory Agreement between the Registrant and Touchstone Advisors, Inc. dated July 1, 2022 is herein incorporated by reference to Exhibit (d)(1)(c) of Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on March 6, 2026<u>.</u>](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99d1c.htm) |
| [(6)(c)](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99d12.htm) | [<u>Sub-Advisory Agreement between Touchstone Advisors, Inc. and DSM Capital Partners with respect to the Touchstone Large Company Growth ETF is herein incorporated by reference to Exhibit (d)(12) of</u> Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on March 6, 2026.](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99d12.htm) |
| [(7)(a)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exedistributionagreement-f.htm) | [Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exedistributionagreement-f.htm) |
| [(7)(b)](https://www.sec.gov/Archives/edgar/data/1919700/000168386323003728/f25474d4.htm) | [Amendment dated March 22, 2023 to the Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e)(1) of Post–Effective Amendment No. 4 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on April 26, 2023<u>.</u>](https://www.sec.gov/Archives/edgar/data/1919700/000168386323003728/f25474d4.htm) |
| [(7)(c)](https://www.sec.gov/Archives/edgar/data/1919700/000168386323005407/f25864d4.htm) | [Second Amendment dated July 14, 2023 to the Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e)(2) of Post–Effective Amendment No. 7 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 14, 2023.](https://www.sec.gov/Archives/edgar/data/1919700/000168386323005407/f25864d4.htm) |
| [(7)(d)](https://www.sec.gov/Archives/edgar/data/1919700/000119312524285811/d908557dex99e3.htm) | [Third Amendment dated December 11, 2023 to the Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e)(3) of Post –Effective Amendment No. 10 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on December 27, 2024.](https://www.sec.gov/Archives/edgar/data/1919700/000119312524285811/d908557dex99e3.htm) |
| [(7)(e)](https://www.sec.gov/Archives/edgar/data/1919700/000119312524285811/d908557dex99e4.htm) | [Fourth Amendment dated December 31, 2024 to the Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e)(4) of Post–Effective Amendment No. 10 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on December 27, 2024.](https://www.sec.gov/Archives/edgar/data/1919700/000119312524285811/d908557dex99e4.htm) |
| [(7)(f)](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99e5.htm) | [Sixth Amendment dated March 14, 2026 to the Distribution Agreement between the Trust and Foreside Fund Services LLC is herein incorporated by reference to Exhibit (e)(5) of Post–Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on March 6, 2026.](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99e5.htm) |
| (8) | Not applicable. |
| [(9)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exg-etfcustodyagmtxfinal.htm) | [Custody Agreement between the Trust and The Bank of New York Mellon is herein incorporated by reference to Exhibit (g) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exg-etfcustodyagmtxfinal.htm) |
| [(10)(a)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000010/exm-touchstoneetftrustx12b.htm) | [Rule 12b-1 Plan is herein incorporated by reference to Exhibit (m) of the Registrant's initial Registration Statement on Form N-1A (File No. 333-264194 and 811-23789), filed with the SEC on April 8, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000010/exm-touchstoneetftrustx12b.htm) |
| [(10)(b)](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99m1a.htm) | [Amended Exhibit A to Plan of Distribution Pursuant to Rule 12b-1 of Touchstone ETF Trust is herein incorporated by reference to Exhibit (m)(1)(a) of Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194 and 811-23789), filed with the SEC on March 6, 2026](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99m1a.htm) |
| [(11)](https://www.sec.gov/Archives/edgar/data/1919700/000110465925123704/tm2533808d1_ex99-11.htm) | [Opinion of K&L Gates LLP, as to legality of securities being issued, is herein incorporated by reference to Exhibit 11 to the Registrant's Registration Statement on Form N-14 (File No. 333-292360), filed with the SEC on December 22, 2025.](https://www.sec.gov/Archives/edgar/data/1919700/000110465925123704/tm2533808d1_ex99-11.htm) |
| [(12)](tm269866d1_ex12.htm) | [Opinion of K&L Gates LLP, as to certain tax consequences, is filed herewith.](tm269866d1_ex12.htm) |

---

---

| | |
|:---|:---|
| [(13)(a)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000047/etfexh1-etfsubxadminagreem.htm) | [Fund Sub-Administration and Accounting Agreement between Touchstone Advisors, Inc. and The Bank of New York Mellon is herein incorporated by reference to Exhibit (h)(1) of Post-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 27, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000047/etfexh1-etfsubxadminagreem.htm) |
| [13(b)](https://www.sec.gov/Archives/edgar/data/1919700/000119312524114234/d805920dex99h1i.htm) | [Amendment dated January 1, 2024 to the Fund Sub-Administration and Accounting Agreement dated July 20, 2022 between the Registrant and The Bank of New York Mellon is herein incorporated by reference to Exhibit (h)(1)(i) of Post-Effective Amendment No. 8 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on April 25, 2024.](https://www.sec.gov/Archives/edgar/data/1919700/000119312524114234/d805920dex99h1i.htm) |
| [13(c)](https://www.sec.gov/Archives/edgar/data/1919700/000119312524114234/d805920dex99h1ii.htm) | [Amendment dated April 1, 2024 to the Amended and Restated Sub-Administration and Accounting Agreement dated July 20, 2022 between The Bank of New York Mellon and Touchstone Advisors, Inc. is herein incorporated by reference to Exhibit (h)(1)(ii) of Post-Effective Amendment No. 8 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on April 25, 2024.](https://www.sec.gov/Archives/edgar/data/1919700/000119312524114234/d805920dex99h1ii.htm) |
| [(13)(d)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh2etftaservicesagreement.htm) | [Transfer Agency Agreement between the Registrant and The Bank of New York Mellon is herein incorporated by reference to Exhibit (h)(2) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh2etftaservicesagreement.htm) |
| [(13)(e)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh3-administrationagreeme.htm) | [Administration Agreement between the Registrant and Touchstone Advisors, Inc. is herein incorporated by reference to Exhibit (h)(3) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh3-administrationagreeme.htm) |
| [(13)(f)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh4ela-2022xetfpartc.htm) | [Expense Limitation Agreement is herein incorporated by reference to Exhibit (h)(4) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh4ela-2022xetfpartc.htm) |
| [(13)(g)](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99h4a.htm) | [Amended Schedule A dated March 14, 2026 to the Expense Limitation Agreement dated July 1, 2022 between the Registrant and Touchstone Advisors, Inc. is herein incorporated by reference to Exhibit (h)(4)(a) of Post-Effective Amendment No. 13 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on March 6, 2026.](https://www.sec.gov/Archives/edgar/data/1919700/000119312526096122/d105139dex99h4a.htm) |
| [(13)(h)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh5a-interfundlendingagre.htm) | [Master Interfund Lending Agreement is herein incorporated by reference Exhibit (h)(5)(a) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh5a-interfundlendingagre.htm) |
| [(13)(i)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh5bamend-iflagreementetf.htm) | [Amendment to Master Interfund Lending Agreement is herein incorporated by reference to Exhibit (h)(5)(b) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh5bamend-iflagreementetf.htm) |
| [(13)(j)](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh6-touchstoneetfslaabnym.htm) | [Form-of Securities Lending Agreement is herein incorporated by reference to Exhibit (h)(6) of Pre-Effective Amendment No. 1 to the Registrant's Registration Statement on Form N-1A (File No. 333-264194), filed with the SEC on July 11, 2022.](https://www.sec.gov/Archives/edgar/data/1919700/000191970022000026/exh6-touchstoneetfslaabnym.htm) |
| [(14)](https://www.sec.gov/Archives/edgar/data/1919700/000110465926008679/tm264614d1_ex99-14.htm) | [Consent of Ernst & Young LLP is herein incorporated by reference to Exhibit 14 to the Registrant's Registration Statement on Form N-14 (File No. 333-292360), filed with the SEC on January 30, 2026.](https://www.sec.gov/Archives/edgar/data/1919700/000110465926008679/tm264614d1_ex99-14.htm) |
| (15) | Not applicable. |
| [(16)](https://www.sec.gov/Archives/edgar/data/1919700/000110465925123704/tm2533808d1_ex99-16.htm) | [Power of Attorney is herein incorporated by reference to Exhibit 16 to the Registrant's Registration Statement on Form N-14 (File No. 333-292360), filed with the SEC on December 22, 2025.](https://www.sec.gov/Archives/edgar/data/1919700/000110465925123704/tm2533808d1_ex99-16.htm) |

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**ITEM 17. UNDERTAKINGS**

(1) The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) of the Securities Act of 1933, as amended (the "1933 Act"), the reoffering prospectus will contain the information called for by the applicable registration form for the reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.

(2) The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the 1933 Act, each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.

**SIGNATURES**

As required by the Securities Act of 1933, as amended, this post-effective amendment No. 1 to the registration statement on Form N-14 has been signed on behalf of the Registrant, in the City of Cincinnati and State of Ohio on the 1st day of April, 2026.

**TOUCHSTONE ETF TRUST**

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| |
|:---|
| By: |
| /s/ Terrie A. Wiedenheft |
| Terrie A. Wiedenheft |
| President |

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As required by the Securities Act of 1933, as amended, this post-effective amendment No. 1 to the registration statement on Form N-14 has been signed by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| <u>Signature</u><br> \*<br>| Title | Date |
| Karen Carnahan<br> \*<br>| Trustee | April 1, 2026 |
| William C. Gale<br> \*<br>| Trustee | April 1, 2026 |
| Sally J. Staley<br> \*<br>| Trustee | April 1, 2026 |
| Susan M. King<br> \*<br>| Trustee | April 1, 2026 |
| Kevin A. Robie<br> \*<br>| Trustee | April 1, 2026 |
| William H. Zimmer III<br> \*<br>| Trustee | April 1, 2026 |
| Jill T. McGruder<br>\* | Trustee | April 1, 2026 |
| E. Blake Moore, Jr. | Trustee | April 1, 2026 |
| /s/ Terri A. Lucas |  |  |
| Terri A. Lucas | Controller, Treasurer and Principal Financial Officer | April 1, 2026 |

---

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| | |
|:---|:---|
| \*By: | /s/ Terri A. Lucas |

---

Terri A. Lucas

(Attorney-in-Fact Pursuant to Power of Attorney)

**EXHIBIT INDEX**

[(12)](tm269866d1_ex12.htm) [Opinion of K&L Gates, LLP, as to certain tax consequences](tm269866d1_ex12.htm)

## Exhibit 99.12

**Exhibit 99.12**

![](image_001.gif)

March 13, 2026

Touchstone Strategic Trust

303 Broadway, Suite 1100

Cincinnati, Ohio 45202

Touchstone ETF Trust

303 Broadway, Suite 1100

Cincinnati, Ohio 45202

Re: <u>Reorganization to Combine Series of a Massachusetts Business Trust and a Delaware Statutory Trust</u>

Ladies and Gentlemen:

Touchstone ETF Trust (the "ETF Trust"), a Delaware statutory trust, on behalf of its series, Touchstone Large Company Growth ETF (the "New ETF"), and Touchstone Strategic Trust (the "Target Trust"), a Massachusetts business trust, on behalf of its series, Touchstone Large Company Growth Fund (the "Target Fund"), has requested our opinion as to certain federal income tax consequences of transactions (the "Reorganization") in which the New ETF will acquire substantially all of the assets of the Target Fund in exchange solely for shares of beneficial interest in the New ETF ("New ETF Shares") (and cash in lieu of fractional New ETF Shares, if any), and the assumption by the New ETF of liabilities of the Target Fund, pursuant to an Agreement and Plan of Reorganization ("Agreement") entered into by ETF Trust, on behalf of the New ETF, and Target Trust, on behalf of the Target Fund, on March 13, 2026.<sup>1</sup> Specifically, the Funds have requested our opinion that the consummation of the Reorganization will qualify as a "reorganization" (as defined in section 368(a)).<sup>2</sup>

 

In rendering this opinion, we have examined (1) the Agreement, (2) the Combined Prospectus/Information Statement dated February 4, 2026, regarding the Reorganization that was furnished in connection with the approval of the Reorganization by the members of Target Trust's Board of Trustees on August 14, 2025, and (3) other documents we have deemed necessary or appropriate for the purposes hereof (collectively, "Documents"). We have assumed, for purposes hereof, the accuracy and completeness of the information contained in all the Documents. As to various matters of fact material to this opinion, we have relied, exclusively and without independent verification (with your permission), on the representations and warranties set forth in the Agreement and on the statements and representations of officers and other representatives of the New ETF and the Target Fund (collectively, "Representations"). We have assumed that any Representation made "to the knowledge and belief" (or similar qualification) of any person or party is, and at the Closing Date (as defined in the Agreement) will be, correct without such qualification. We have also assumed that as to all matters for which a person or entity has represented that such person or entity is not a party to, does not have, or is not aware of any plan, intention, understanding, or agreement, there is no such plan, intention, understanding, or agreement. Finally, we have assumed that the Documents and the Representations present all the material and relevant facts relating to the Reorganization.

<sup>1</sup> Each of the Target Fund and New ETF is sometimes referred to herein as a "Fund," and each of ETF Trust and Target Trust is sometimes referred to herein as an "Investment Company."

<sup>2</sup> All "section" references are to the Internal Revenue Code of 1986, as amended ("Code"), unless otherwise noted, and all "Treas. Reg. §" references are to the regulations under the Code ("Regulations").

K&L Gates LLP

One Congress Street Boston MA 02114

T +1 617 261 3100 F +1 617 261 3175 klgates.com

March 13, 2026

 <u>OPINION</u>

Based solely on the Documents and Representations, and conditioned on (i) those Representations' being true on the closing date of the Reorganization and (ii) the Reorganization's being consummated in accordance with the Agreement (without the waiver or modification of any terms or conditions thereof), our opinion with respect to the federal income tax consequences of the Reorganization is as follows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The acquisition by the New ETF of all of the assets of the Target Fund, as provided for in the Agreement, in exchange for such New ETF Shares (and cash in lieu of fractional New ETF Shares, if any), and the assumption by the New ETF of liabilities of the Target Fund, followed by the distribution by the Target Fund to its shareholders of such New ETF Shares (and cash in lieu of fractional Acquiring Fund shares, if any) in complete liquidation of the Target Fund, will qualify as a reorganization within the meaning of Section 368(a)(1) of the Code, and the Target Fund and the New ETF each will be a "party to a reorganization" within the meaning of Section 368(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No gain or loss will be recognized by the Target Fund upon the transfer of all of its assets to, and the assumption of all of its liabilities by the New ETF in exchange solely for such New ETF Shares pursuant to Section 361(a) and Section 357(a) of the Code, except for (A) gain or loss that may be recognized on the transfer of "section 1256 contracts" as defined in Section 1256(b) of the Code, (B) gain that may be recognized on the transfer of stock in a "passive foreign investment company" as defined in Section 1297(a) of the Code, and (C) any other gain or loss that may be required to be recognized (i) under an applicable mark-to-market rule or (ii) upon the transfer of an asset regardless of whether such transfer would otherwise be a non-recognition transaction under the Code.

March 13, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No gain or loss will be recognized by the New ETF upon the receipt by it of all of the assets of the Target Fund in exchange solely for the assumption of liabilities of the Target Fund and issuance of the New ETF Shares pursuant to Section 1032(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) No gain or loss will be recognized by the Target Fund upon the distribution of New ETF Shares by such Target Fund to shareholders of the Target Fund in complete liquidation (pursuant to the Agreement) of the Target Fund pursuant to Section 361(c)(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The tax basis of the assets of the Target Fund received by the New ETF will be the same as the tax basis of such assets in the hands of such Target Fund immediately prior to the transfer of such assets, increased by the amount of gain (or decreased by the amount of loss), if any, recognized by the Target Fund on the transfer pursuant to Section 362(b) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The holding periods of the assets of the Target Fund in the hands of the New ETF will include the periods during which such assets were held by such Target Fund pursuant to Section 1223(2) of the Code, other than assets with respect to which gain or loss is required to be recognized and except where investment activities of the New ETF have the effect of reducing or eliminating the holding period with respect to an asset.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No gain or loss will be recognized by the shareholders of the Target Fund upon the exchange of all of their Target Fund Shares solely for New ETF Shares (except with respect to cash, if any, received in lieu of fractional shares) pursuant to Section 354(a) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The aggregate tax basis of New ETF Shares received by a shareholder of the Target Fund will be the same as the aggregate tax basis of such Target Fund Shares exchanged therefor pursuant to Section 358(a)(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The holding period of the New ETF Shares received by a shareholder of the Target Fund will include the holding period of such Target Fund Shares exchanged therefor, provided that the shareholder held such Target Fund Shares as a capital asset on the date of the exchange pursuant to Section 1223(1) of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) For purposes of section 381, New ETF will be treated just as Target Fund would have been treated if there had been no Reorganization. Accordingly, the Reorganization will not result in the termination of Target Fund's taxable year, Target Fund's tax attributes enumerated in section 381(c) will be taken into account by New ETF as if there had been no Reorganization, and the part of the Target Fund's last taxable year that began before the Reorganization will be included in New ETF's first taxable year that ends after the Reorganization.

March 13, 2026

Our opinion is based on, and is conditioned on the continued applicability of, the provisions of the Code and the Regulations, judicial decisions, and rulings and other pronouncements of the Internal Revenue Service ("Service") in existence on the date hereof. All the foregoing authorities are subject to change or modification that can be applied retroactively and thus also could affect the conclusions expressed herein; we assume no responsibility to update our opinion after the date hereof with respect to any such change or modification. Our opinion represents our best judgment regarding how a court would decide the issues addressed herein and is not binding on the Service or any court. Moreover, our opinion does not provide any assurance that a position taken in reliance thereon will not be challenged by the Service, and although we believe that our opinion would be sustained by a court if challenged, there can be no assurances to that effect.

Our opinion addresses only the specific federal income tax consequences of the Reorganization set forth above and does not address any other federal, or any state, local, or foreign tax consequences of the Reorganization or any other action (including any taken in connection therewith). Our opinion also applies only if each Fund is solvent, and we express no opinion about the tax treatment of the transactions described herein if any Fund is insolvent. Finally, our opinion is solely for the information and use of the addressees and their shareholders and may not be relied on for any purpose by any other person without our express written consent.

Very truly yours,

/s/ K&L Gates LLP