AMENDMENT to SUB-ADVISORY AGREEMENT

Touchstone Bond Fund

A series of

Touchstone Variable Series Trust

This AMENDMENT is made as of January 1, 2023 to the Sub-Advisory Agreement dated October 28, 2017 (the "Agreement"), between Touchstone Advisors, Inc. (the "Advisor") and Fort Washington Investment Advisors, Inc. (the "Sub-Advisor") relating to the Touchstone Bond Fund, a series of the Touchstone Variable Series Trust (the "Fund").

1.Section 3(a) of the Agreement ("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]% of the average of the daily net asset value of the Fund Assets on the first $200 million of average daily net assets of the Fund and [XX]% on average daily net assets of the Fund over $200 million; 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 12(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."

2.All other terms, conditions, provisions and sections of the Agreement shall remain in full force and effect, except as specifically modified by this Amendment.

[Signature page follows]

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This Amendment to the Agreement is signed as of the date first set forth above.

TOUCHSTONE ADVISORS, INC.		FORT WASHINGTON INVESTMENT
		ADIVSORS, INC.
BY: /s/ E. Blake Moore, Jr.		BY: /s/ Brendan M. White
E. Blake Moore, Jr.		Name: Brendan M. White
President and Chief Executive Officer		Title: Sr. Vice President
		& Co-Chief Investment Officer
BY: /s/ Timothy D. Paulin		BY: /s/ Maribeth S. Rahe
Timothy D. Paulin	Name: Maribeth S. Rahe
Senior Vice President		Title: President & CEO

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