Portfolio of Investments
Touchstone Balanced Fund β September 30, 2021 (Unaudited)
Shares | Β | Β | Β | Market Value |
Β | Common Stocks β 63.2% | Β | ||
Β | Information Technology β 17.3% | Β | ||
βββ19,164 | Apple, Inc. | $β2,711,706 | ||
ββββ4,367 | International Business Machines Corp. | βββ606,707 | ||
βββ13,113 | Microsoft Corp. | β3,696,817 | ||
βββ11,246 | Oracle Corp. | βββ979,864 | ||
ββββ5,394 | salesforce.com, Inc.* | β1,462,961 | ||
ββββ8,036 | SS&C Technologies Holdings, Inc. | βββ557,698 | ||
ββββ5,122 | Texas Instruments, Inc. | βββ984,500 | ||
ββββ3,280 | Visa, Inc. - Class A | βββ730,620 | ||
ββββ2,959 | Workday, Inc. - Class A* | βββ739,424 | ||
Β | Β | Β | Β | 12,470,297 |
Β | Communication Services β 12.4% | Β | ||
ββββ1,114 | Alphabet, Inc. - Class C* | β2,969,155 | ||
ββββ9,870 | AT&T, Inc. | βββ266,589 | ||
βββ17,583 | Comcast Corp. - Class A | βββ983,417 | ||
ββββ8,455 | Facebook, Inc. - Class A* | β2,869,542 | ||
βββ11,397 | Fox Corp. - Class A | βββ457,134 | ||
ββββ1,432 | Netflix, Inc.* | βββ874,007 | ||
ββββ3,151 | Walt Disney Co. (The)* | βββ533,055 | ||
Β | Β | Β | Β | β8,952,899 |
Β | Financials β 7.6% | Β | ||
βββ30,076 | Bank of America Corp. | β1,276,726 | ||
ββββ5,663 | Berkshire Hathaway, Inc. - Class B* | β1,545,659 | ||
ββββ4,398 | Goldman Sachs Group, Inc. (The) | β1,662,576 | ||
ββββ3,776 | Signature Bank | β1,028,130 | ||
Β | Β | Β | Β | β5,513,091 |
Β | Health Care β 7.4% | Β | ||
ββββ4,895 | AmerisourceBergen Corp. | βββ584,708 | ||
ββββ5,890 | BioMarin Pharmaceutical, Inc.* | βββ455,238 | ||
βββ13,828 | Bristol-Myers Squibb Co. | βββ818,203 | ||
ββββ3,770 | HCA Healthcare, Inc. | βββ915,054 | ||
ββββ8,130 | Johnson & Johnson | β1,312,995 | ||
ββββ3,162 | UnitedHealth Group, Inc. | β1,235,520 | ||
Β | Β | Β | Β | β5,321,718 |
Β | Consumer Discretionary β 6.7% | Β | ||
ββββ3,142 | Alibaba Group Holding Ltd. (China) ADR* | βββ465,173 | ||
ββββββ720 | Amazon.com, Inc.* | β2,365,229 | ||
ββββ7,922 | Hilton Worldwide Holdings, Inc.* | β1,046,575 | ||
ββββ3,294 | Starbucks Corp. | βββ363,361 | ||
βββ19,213 | Trip.com Group Ltd. (China) ADR* | βββ590,800 | ||
Β | Β | Β | Β | β4,831,138 |
Β | Industrials β 5.6% | Β | ||
ββββ2,047 | Deere & Co. | βββ685,888 | ||
ββββ1,118 | FedEx Corp. | βββ245,166 | ||
ββββ5,052 | Hubbell, Inc. | βββ912,745 | ||
ββββ2,330 | Parker-Hannifin Corp. | βββ651,515 | ||
βββ14,999 | Raytheon Technologies Corp. | β1,289,314 | ||
ββββ4,436 | Southwest Airlines Co.* | βββ228,143 | ||
Β | Β | Β | Β | β4,012,771 |
Β | Consumer Staples β 2.3% | Β | ||
ββββ9,646 | Monster Beverage Corp.* | βββ856,854 | ||
ββββ8,556 | Philip Morris International, Inc. | βββ811,023 | ||
Β | Β | Β | Β | β1,667,877 |
Β | Real Estate β 1.7% | Β | ||
ββββ4,920 | Jones Lang LaSalle, Inc.* | β1,220,603 | ||
Β | Energy β 1.3% | Β | ||
βββ10,485 | Exxon Mobil Corp. | βββ616,728 | ||
βββ11,589 | Schlumberger NV | βββ343,498 | ||
Β | Β | Β | Β | βββ960,226 |
Shares | Β | Β | Β | Market Value |
Β | Β | Β | ||
Β | Materials β 0.9% | Β | ||
ββββ9,297 | DuPont de Nemours, Inc. | $βββ632,103 | ||
Β | Total Common Stocks | $45,582,723 |
Principal Amount | Β | Β | Β | Β |
Β | U.S. Treasury Obligations β 17.4% | |||
$ββ880,000 | U.S. Treasury Bond, 1.750%, 8/15/41 | Β | Β | βββ839,163 |
β β340,000 | U.S. Treasury Bond, 1.875%, 2/15/41 | Β | Β | βββ331,819 |
1,990,000 | U.S. Treasury Note, 0.125%, 4/30/23 | Β | Β | β1,987,279 |
2,375,000 | U.S. Treasury Note, 0.250%, 10/31/25 | Β | Β | β2,319,800 |
3,245,000 | U.S. Treasury Note, 0.375%, 3/31/22 | Β | Β | β3,250,070 |
1,750,000 | U.S. Treasury Note, 0.750%, 5/31/26 | Β | Β | β1,734,619 |
β β390,000 | U.S. Treasury Note, 1.125%, 2/28/22 | Β | Β | βββ391,706 |
1,676,000 | U.S. Treasury Note, 1.625%, 5/15/31 | Β | Β | β1,693,546 |
Β | Total U.S. Treasury Obligations | $12,548,002 | ||
Β | Corporate Bonds β 15.2% | Β | ||
Β | Financials β 4.0% | Β | ||
β β130,000 | Allstate Corp. (The), 1.450%, 12/15/30 | βββ124,040 | ||
β ββ60,000 | American Financial Group, Inc., 5.250%, 4/2/30 | ββββ72,778 | ||
β β112,000 | Ares Capital Corp., 3.250%, 7/15/25 | βββ117,752 | ||
β ββ81,000 | Bank of America Corp., 2.687%, 4/22/32 | ββββ82,605 | ||
β ββ82,000 | Bank of America Corp., 3.705%, 4/24/28 | ββββ90,071 | ||
β β119,000 | Bank of America Corp., MTN, 4.000%, 1/22/25 | βββ129,293 | ||
β ββ94,000 | Bank of Montreal (Canada), 3.803%, 12/15/32 | βββ102,935 | ||
β ββ70,000 | Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | ββββ85,708 | ||
β β142,000 | Charles Schwab Corp. (The), 1.150%, 5/13/26 | βββ142,191 | ||
β β128,000 | Citigroup, Inc., 0.981%, 5/1/25 | βββ128,397 | ||
β ββ77,000 | Citigroup, Inc., 3.200%, 10/21/26 | ββββ82,983 | ||
β ββ45,000 | Citigroup, Inc., 4.750%, 5/18/46 | ββββ56,525 | ||
β β138,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.695%, 2/15/27(A) | βββ134,567 | ||
β β122,000 | Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | βββ123,247 | ||
β ββ55,000 | Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | ββββ60,510 | ||
β β126,000 | Huntington Bancshares, Inc., 2.550%, 2/4/30 | βββ130,142 | ||
β β128,000 | JPMorgan Chase & Co., 2.956%, 5/13/31 | βββ132,945 | ||
β β100,000 | JPMorgan Chase & Co., 3.509%, 1/23/29 | βββ108,839 | ||
β β200,000 | Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28 | βββ217,570 | ||
β β109,000 | Morgan Stanley, 3.950%, 4/23/27 | βββ121,196 | ||
β ββ77,000 | Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | ββββ87,658 | ||
β β122,000 | NTC Capital I, Ser A, (3M LIBOR +0.520%), 0.646%, 1/15/27(A) | βββ121,985 | ||
β β132,000 | PNC Capital Trust, (3M LIBOR +0.570%), 0.690%, 6/1/28(A) | βββ127,989 | ||
β β120,000 | Toronto-Dominion Bank (The) (Canada), MTN, 1.150%, 6/12/25 | βββ120,223 | ||
β β197,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 0.790%, 5/15/27(A) | βββ192,881 | ||
βββ22,000 | Truist Financial Corp., MTN, 2.850%, 10/26/24 | ββββ23,384 | ||
Β | Β | Β | Β | β2,918,414 |
Β | Energy β 1.6% | Β | ||
β β200,000 | Aker BP ASA (Norway), 144a, 3.000%, 1/15/25 | βββ210,475 | ||
β ββ78,000 | Boardwalk Pipelines LP, 4.800%, 5/3/29 | ββββ89,225 | ||
β ββ65,000 | Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38 | ββββ86,300 | ||
β ββ74,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | ββββ88,048 | ||
β β124,000 | Cheniere Corpus Christi Holdings LLC, 7.000%, 6/30/24 | βββ140,231 | ||
β ββ18,000 | Diamondback Energy, Inc., 2.875%, 12/1/24 | ββββ18,897 | ||
β ββ94,000 | Diamondback Energy, Inc., 3.125%, 3/24/31 | ββββ97,498 | ||
β β115,000 | Enable Midstream Partners LP, 4.150%, 9/15/29 | βββ124,536 | ||
βββ93,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | βββ 133,075 |
Β
1
Touchstone Balanced Fund (Unaudited) (Continued)
Principal Amount | Β | Β | Β | MarketValue |
Β | Corporate Bonds β 15.2% (Continued) | Β | ||
Β | Energy β (Continued) | Β | ||
$βββ17,000 | Ovintiv Exploration, Inc., 5.375%, 1/1/26 | $ββββ19,214 | ||
β ββ84,000 | Phillips 66 Partners LP, 3.150%, 12/15/29 | ββββ87,708 | ||
βββ20,000 | Sabine Pass Liquefaction LLC, 5.000%, 3/15/27 | ββββ22,982 | ||
Β | Β | Β | Β | β1,118,189 |
Β | Industrials β 1.5% | Β | ||
β ββ98,000 | Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | ββββ99,958 | ||
β ββ29,000 | Boeing Co. (The), 5.040%, 5/1/27 | ββββ33,344 | ||
β ββ31,000 | Boeing Co. (The), 5.805%, 5/1/50 | ββββ41,175 | ||
β ββ81,000 | Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | βββ113,323 | ||
β β118,000 | CNH Industrial Capital LLC, 1.450%, 7/15/26 | βββ117,432 | ||
β ββ94,000 | FedEx Corp., 5.100%, 1/15/44 | βββ119,053 | ||
β ββ99,000 | John Deere Capital Corp., MTN, 2.450%, 1/9/30 | βββ102,947 | ||
β ββ81,000 | Norfolk Southern Corp., 4.837%, 10/1/41 | βββ102,923 | ||
β β103,000 | Roper Technologies, Inc., 2.950%, 9/15/29 | βββ109,150 | ||
β β120,000 | Waste Management, Inc., 2.500%, 11/15/50 | βββ110,703 | ||
ββ117,000 | Xylem, Inc., 1.950%, 1/30/28 | βββ117,615 | ||
Β | Β | Β | Β | β1,067,623 |
Β | Health Care β 1.3% | Β | ||
β ββ84,000 | AbbVie, Inc., 4.450%, 5/14/46 | βββ101,008 | ||
β ββ76,000 | Becton Dickinson and Co., 4.685%, 12/15/44 | ββββ94,499 | ||
β ββ67,000 | Bristol-Myers Squibb Co., 5.000%, 8/15/45 | ββββ89,848 | ||
β ββ86,000 | CommonSpirit Health, 4.187%, 10/1/49 | ββββ97,980 | ||
β β100,000 | CommonSpirit Health, 4.200%, 8/1/23 | βββ106,104 | ||
β ββ73,000 | CVS Health Corp., 5.125%, 7/20/45 | ββββ93,888 | ||
β β104,000 | DH Europe Finance II Sarl, 3.250%, 11/15/39 | βββ110,694 | ||
β ββ45,000 | Johnson & Johnson, 2.900%, 1/15/28 | ββββ48,576 | ||
β ββ93,000 | Mylan, Inc., 4.550%, 4/15/28 | βββ106,067 | ||
ββ107,000 | UnitedHealth Group, Inc., 3.500%, 8/15/39 | βββ118,376 | ||
Β | Β | Β | Β | βββ967,040 |
Β | Consumer Staples β 1.3% | Β | ||
β β127,000 | 7-Eleven, Inc., 144a, 0.950%, 2/10/26 | βββ124,677 | ||
β β121,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | βββ150,135 | ||
β β200,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 4.250%, 7/21/25 | βββ217,972 | ||
β ββ64,000 | Kroger Co. (The), 5.000%, 4/15/42 | ββββ81,032 | ||
β ββ96,000 | Mars, Inc., 144a, 3.875%, 4/1/39 | βββ110,968 | ||
β ββ55,000 | PepsiCo, Inc., 1.625%, 5/1/30 | ββββ53,825 | ||
β β132,000 | Reynolds American, Inc. (United Kingdom), 4.450%, 6/12/25 | βββ145,616 | ||
βββ65,000 | Starbucks Corp., 3.350%, 3/12/50 | ββββ67,353 | ||
Β | Β | Β | Β | βββ951,578 |
Β | Utilities β 1.2% | Β | ||
β ββ52,000 | American Water Capital Corp., 6.593%, 10/15/37 | ββββ76,075 | ||
β β102,000 | Cleveland Electric Illuminating Co. (The), 144a, 4.550%, 11/15/30 | βββ118,808 | ||
β ββ74,000 | Duke Energy Progress LLC, 4.150%, 12/1/44 | ββββ86,983 | ||
β ββ72,000 | Edison International, 4.125%, 3/15/28 | ββββ76,705 | ||
β ββ27,000 | Metropolitan Edison Co., 144a, 4.300%, 1/15/29 | ββββ30,233 | ||
β β126,000 | Pacific Gas and Electric Co., 3.500%, 8/1/50 | βββ114,029 | ||
β ββ89,000 | PacifiCorp., 5.750%, 4/1/37 | βββ119,874 | ||
β ββ73,000 | Virginia Electric & Power Co., 3.300%, 12/1/49 | ββββ77,467 | ||
ββ188,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 2.237%, 5/15/67(A) | βββ177,011 | ||
Β | Β | Β | Β | βββ877,185 |
Β | Information Technology β 1.1% | Β | ||
β ββ67,000 | Apple, Inc., 4.650%, 2/23/46 | ββββ87,008 | ||
β β104,000 | Fiserv, Inc., 3.500%, 7/1/29 | βββ113,257 | ||
ββ108,000 | Hewlett Packard Enterprise Co., 4.650%, 10/1/24 | βββ 119,290 |
Principal Amount | Β | Β | Β | MarketValue |
Β | Β | Β | ||
Β | Information Technology β (Continued) | Β | ||
$ββ112,000 | Microchip Technology, Inc., 144a, 0.983%, 9/1/24 | $βββ111,847 | ||
β ββ49,000 | Microsoft Corp., 3.500%, 2/12/35 | ββββ56,337 | ||
β ββ90,000 | NXP BV / NXP Funding LLC (China), 144a, 5.350%, 3/1/26 | βββ104,037 | ||
β ββ46,000 | Oracle Corp., 2.650%, 7/15/26 | ββββ48,456 | ||
β ββ65,000 | Visa, Inc., 4.150%, 12/14/35 | ββββ78,217 | ||
βββ96,000 | VMware, Inc., 1.400%, 8/15/26 | ββββ95,517 | ||
Β | Β | Β | Β | βββ813,966 |
Β | Communication Services β 1.1% | Β | ||
β ββ42,000 | Alphabet, Inc., 1.900%, 8/15/40 | ββββ37,623 | ||
β ββ76,000 | AT&T, Inc., 3.850%, 6/1/60 | ββββ78,368 | ||
β ββ54,000 | AT&T, Inc., 4.500%, 5/15/35 | ββββ63,126 | ||
β ββ75,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | βββ101,778 | ||
β ββ74,000 | Comcast Corp., 4.000%, 3/1/48 | ββββ84,556 | ||
β ββ36,000 | Deutsche Telekom International Finance BV (Germany), 8.750%, 6/15/30 | ββββ53,344 | ||
β ββ24,000 | Netflix, Inc., 144a, 4.875%, 6/15/30 | ββββ28,260 | ||
β β118,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | βββ130,497 | ||
β β141,000 | Verizon Communications, Inc., 2.987%, 10/30/56 | βββ130,923 | ||
βββ76,000 | ViacomCBS, Inc., 4.950%, 5/19/50β | ββββ94,935 | ||
Β | Β | Β | Β | βββ803,410 |
Β | Real Estate β 1.1% | Β | ||
β ββ68,000 | American Homes 4 Rent LP REIT, 4.250%, 2/15/28 | ββββ76,921 | ||
β β100,000 | Crown Castle International Corp. REIT, 3.650%, 9/1/27 | βββ109,892 | ||
β ββ84,000 | Equinix, Inc. REIT, 2.900%, 11/18/26 | ββββ89,040 | ||
β ββ98,000 | Healthcare Realty Trust, Inc. REIT, 2.400%, 3/15/30 | ββββ98,237 | ||
β β122,000 | Host Hotels & Resorts LP REIT, 4.500%, 2/1/26 | βββ133,575 | ||
β ββ55,000 | Mid-America Apartments LP REIT, 3.750%, 6/15/24 | ββββ58,968 | ||
β ββ74,000 | Sabra Health Care LP REIT, 5.125%, 8/15/26 | ββββ82,848 | ||
β ββ37,000 | STORE Capital Corp. REIT, 4.500%, 3/15/28 | ββββ41,683 | ||
βββ63,000 | STORE Capital Corp. REIT, 4.625%, 3/15/29 | ββββ71,311 | ||
Β | Β | Β | Β | βββ762,475 |
Β | Consumer Discretionary β 0.9% | Β | ||
β ββ56,000 | General Motors Financial Co., Inc., 5.650%, 1/17/29 | ββββ67,340 | ||
β ββ59,000 | Home Depot, Inc. (The), 5.950%, 4/1/41 | ββββ84,142 | ||
β ββ94,000 | Hyundai Capital America, 144a, 2.650%, 2/10/25 | ββββ97,666 | ||
β β113,000 | Lowe's Cos, Inc., 4.500%, 4/15/30 | βββ132,334 | ||
β β142,000 | Procter & Gamble Co. (The), 1.200%, 10/29/30 | βββ134,925 | ||
βββ95,000 | Walmart, Inc., 2.850%, 7/8/24 | βββ100,679 | ||
Β | Β | Β | Β | βββ617,086 |
Β | Materials β 0.1% | Β | ||
βββ83,000 | Sherwin-Williams Co. (The), 4.500%, 6/1/47 | βββ100,392 | ||
Β | Total Corporate Bonds | $10,997,358 |
Shares | Β | Β | Β | Β |
Β | Exchange-Traded Fund β 1.7% | Β | ||
βββ11,188 | iShares JP Morgan USD Emerging Markets Bond ETF | β1,231,351 |
Principal Amount | Β | Β | Β | Β |
Β | U.S. Government Mortgage-Backed Obligations β 0.9% | |||
$ββ145,412 | FHLMC, Pool #G05624, 4.500%, 9/1/39 | Β | Β | βββ163,071 |
β ββ98,048 | FHLMC, Pool #Q29260, 4.000%, 10/1/44 | Β | Β | βββ108,386 |
β ββ60,268 | FNMA, Pool #725423, 5.500%, 5/1/34 | Β | Β | ββββ69,514 |
β ββ53,877 | FNMA, Pool #725610, 5.500%, 7/1/34 | Β | Β | ββββ62,323 |
β ββ11,329 | FNMA, Pool #890310, 4.500%, 12/1/40 | Β | Β | ββββ12,639 |
β ββ42,948 | FNMA, Pool #AD9193, 5.000%, 9/1/40 | Β | Β | ββββ48,831 |
ββ198,826 | FNMA, Pool #AL5718, 3.500%, 9/1/44 | Β | Β | βββ217,013 |
Β | Total U.S. Government Mortgage-Backed Obligations | βββ$681,777 |
Β
2
Touchstone Balanced Fund (Unaudited) (Continued)
Principal Amount | Β | Β | Β | MarketValue |
Β | Sovereign Government Obligations β 0.2% | |||
$ββ146,000 | Peruvian Government International Bond, 2.780%, 12/1/60 | $βββ123,040 |
Shares | Β | Β | Β | Β |
Β | Short-Term Investment Funds β 1.1% | Β | ||
ββ685,366 | Dreyfus Government Cash Management, Institutional Shares, 0.03%βΞ© | $βββ685,366 | ||
βββ97,812 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%βΞ©** | ββββ97,812 | ||
Β | Total Short-Term Investment Funds | βββ$783,178 | ||
Β | Total Investment Securitiesβ99.7% (Cost $63,398,793) | $71,947,429 | ||
Β | Other Assets in Excess of Liabilities β 0.3% | βββ227,743 | ||
Β | Net Assets β 100.0% | $72,175,172 |
(A) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2021. |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
β | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2021 was $93,986. |
β | Open-End Fund. |
Ξ© | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR β American Depositary Receipt |
ETF β Exchange-Traded Fund |
FHLMC β Federal Home Loan Mortgage Corporation |
FNMA β Federal National Mortgage Association |
LIBOR β London Interbank Offered Rate |
LLC β Limited Liability Company |
LP β Limited Partnership |
MTN β Medium Term Note |
PLC β Public Limited Company |
REIT β Real Estate Investment Trust |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2021, these securities were valued at $1,510,243 or 2.1% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Other Information:
The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $45,582,723 | $β | $β | $45,582,723 |
U.S. Treasury Obligations | β | 12,548,002 | β | 12,548,002 |
Corporate Bonds | β | 10,997,358 | β | 10,997,358 |
Exchange-Traded Fund | 1,231,351 | β | β | 1,231,351 |
U.S. Government Mortgage-Backed Obligations | β | 681,777 | β | 681,777 |
Sovereign Government Obligations | β | 123,040 | β | 123,040 |
Short-Term Investment Funds | 783,178 | β | β | 783,178 |
Total | $47,597,252 | $24,350,177 | $β | $71,947,429 |
See accompanying Notes to Portfolios of Investments.
Β
3
Portfolio of Investments
Touchstone Bond Fund β September 30, 2021 (Unaudited)
Principal Amount | Β | Β | Β | Market Value |
Β | Corporate Bonds β 34.6% | Β | ||
Β | Financials β 9.9% | Β | ||
$ββ378,000 | Allstate Corp. (The), 1.450%, 12/15/30 | $ββββ360,670 | ||
β β572,579 | American Financial Group, Inc., 5.250%, 4/2/30 | ββββ694,521 | ||
β β283,000 | Ares Capital Corp., 3.250%, 7/15/25 | ββββ297,535 | ||
β β200,000 | Bank of America Corp., 2.687%, 4/22/32 | ββββ203,963 | ||
β β250,000 | Bank of America Corp., 3.705%, 4/24/28 | ββββ274,605 | ||
β β401,000 | Bank of America Corp., MTN, 4.000%, 1/22/25 | ββββ435,684 | ||
β β335,000 | Bank of Montreal (Canada), 3.803%, 12/15/32 | ββββ366,843 | ||
β β230,000 | Bank of Nova Scotia (The) (Canada), (3M LIBOR +0.620%), 0.742%, 9/19/22(A) | ββββ231,325 | ||
β β374,000 | Bank of Nova Scotia (The) (Canada), Ser 2, 3.625%, 10/27/81 | ββββ372,149 | ||
β β176,000 | Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | ββββ215,494 | ||
β β204,000 | BNP Paribas SA (France), 144a, 4.625%, 3/13/27 | ββββ229,196 | ||
β β464,000 | Charles Schwab Corp. (The), 1.150%, 5/13/26 | ββββ464,623 | ||
β β323,000 | Citigroup, Inc., 0.981%, 5/1/25 | ββββ324,002 | ||
β β225,000 | Citigroup, Inc., 3.200%, 10/21/26 | ββββ242,483 | ||
β β141,000 | Citigroup, Inc., 4.750%, 5/18/46 | ββββ177,113 | ||
β β318,000 | Cooperatieve Rabobank UA (Netherlands), 144a, 1.106%, 2/24/27 | ββββ313,304 | ||
β β365,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.695%, 2/15/27(A) | ββββ355,919 | ||
β β175,000 | GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/35 | ββββ209,614 | ||
β β352,000 | Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | ββββ355,597 | ||
β β182,000 | Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | ββββ200,232 | ||
β β205,000 | HSBC Holdings PLC (United Kingdom), 3.900%, 5/25/26 | ββββ225,703 | ||
β β349,000 | Huntington Bancshares, Inc., 2.550%, 2/4/30 | ββββ360,473 | ||
β β256,000 | JPMorgan Chase & Co., 2.956%, 5/13/31 | ββββ265,890 | ||
β β336,000 | JPMorgan Chase & Co., 3.509%, 1/23/29 | ββββ365,700 | ||
β β343,000 | Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28 | ββββ373,133 | ||
β β311,000 | Morgan Stanley, 3.950%, 4/23/27 | ββββ345,799 | ||
β β273,000 | Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | ββββ310,787 | ||
β β527,000 | NTC Capital I, Ser A, (3M LIBOR +0.520%), 0.646%, 1/15/27(A) | ββββ526,935 | ||
β β356,000 | PNC Capital Trust, (3M LIBOR +0.570%), 0.690%, 6/1/28(A) | ββββ345,182 | ||
β β304,000 | Toronto-Dominion Bank (The) (Canada), MTN, 1.150%, 6/12/25 | ββββ304,565 | ||
β β551,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 0.790%, 5/15/27(A) | ββββ539,480 | ||
ββ210,000 | Truist Financial Corp., MTN, 2.850%, 10/26/24 | ββββ223,212 | ||
Β | Β | Β | Β | β10,511,731 |
Β | Industrials β 3.4% | Β | ||
β β250,000 | Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | ββββ254,996 | ||
β ββ79,000 | Boeing Co. (The), 5.040%, 5/1/27 | βββββ90,833 | ||
β ββ91,000 | Boeing Co. (The), 5.805%, 5/1/50 | ββββ120,869 | ||
β β272,000 | Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | ββββ380,541 | ||
β β384,000 | CNH Industrial Capital LLC, 1.450%, 7/15/26 | ββββ382,153 | ||
β β340,000 | FedEx Corp., 5.100%, 1/15/44 | ββββ430,615 | ||
β β298,000 | John Deere Capital Corp., MTN, 2.450%, 1/9/30 | ββββ309,881 | ||
β β243,000 | Norfolk Southern Corp., 4.837%, 10/1/41 | ββββ308,770 | ||
β β285,000 | Roper Technologies, Inc., 2.950%, 9/15/29 | ββββ302,016 | ||
β β361,000 | Waste Management, Inc., 2.500%, 11/15/50 | ββββ333,032 | ||
β β423,000 | Weir Group PLC (The) (United Kingdom), 144a, 2.200%, 5/13/26 | ββββ427,020 | ||
ββ233,000 | Xylem, Inc., 1.950%, 1/30/28 | ββββ234,225 | ||
Β | Β | Β | Β | ββ3,574,951 |
Β | Energy β 3.1% | Β | ||
ββ270,000 | Aker BP ASA (Norway), 144a, 3.000%, 1/15/25 | βββ β284,142 |
Principal Amount | Β | Β | Β | Market Value |
Β | Β | Β | ||
Β | Energy β (Continued) | Β | ||
$ββ333,000 | Boardwalk Pipelines LP, 4.800%, 5/3/29 | $ββββ380,923 | ||
β β227,000 | Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38 | ββββ301,386 | ||
β β207,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | ββββ246,295 | ||
β β427,000 | Cheniere Corpus Christi Holdings LLC, 7.000%, 6/30/24 | ββββ482,891 | ||
β β288,000 | Diamondback Energy, Inc., 3.125%, 3/24/31 | ββββ298,718 | ||
β β395,000 | Enable Midstream Partners LP, 4.150%, 9/15/29 | ββββ427,753 | ||
β β251,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | ββββ359,159 | ||
β β203,000 | Ovintiv Exploration, Inc., 5.375%, 1/1/26 | ββββ229,442 | ||
ββ249,000 | Phillips 66 Partners LP, 3.150%, 12/15/29 | ββββ259,992 | ||
Β | Β | Β | Β | ββ3,270,701 |
Β | Communication Services β 2.9% | Β | ||
β β104,000 | Alphabet, Inc., 1.900%, 8/15/40 | βββββ93,162 | ||
β β266,000 | AT&T, Inc., 3.850%, 6/1/60 | ββββ274,288 | ||
β β238,000 | AT&T, Inc., 4.500%, 5/15/35 | ββββ278,220 | ||
β β355,000 | British Telecommunications PLC (United Kingdom), 144a, 3.250%, 11/8/29 | ββββ371,051 | ||
β β209,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | ββββ283,622 | ||
β β243,000 | Comcast Corp., 4.000%, 3/1/48 | ββββ277,663 | ||
β β124,000 | Deutsche Telekom International Finance BV (Germany), 8.750%, 6/15/30 | ββββ183,741 | ||
β β310,000 | Netflix, Inc., 144a, 4.875%, 6/15/30 | ββββ365,025 | ||
β β335,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | ββββ370,480 | ||
β β439,000 | Verizon Communications, Inc., 2.987%, 10/30/56 | ββββ407,624 | ||
ββ190,000 | ViacomCBS, Inc., 4.950%, 5/19/50β | ββββ237,338 | ||
Β | Β | Β | Β | ββ3,142,214 |
Β | Information Technology β 2.8% | Β | ||
β β344,000 | Apple, Inc., 2.750%, 1/13/25 | ββββ364,231 | ||
β β234,000 | Apple, Inc., 4.650%, 2/23/46 | ββββ303,879 | ||
β β290,000 | Fiserv, Inc., 3.500%, 7/1/29 | ββββ315,812 | ||
β β308,000 | Hewlett Packard Enterprise Co., 4.650%, 10/1/24 | ββββ340,197 | ||
β β370,000 | Microchip Technology, Inc., 144a, 0.983%, 9/1/24 | ββββ369,496 | ||
β β148,000 | Microsoft Corp., 3.500%, 2/12/35 | ββββ170,160 | ||
β β328,000 | NXP BV / NXP Funding LLC (China), 144a, 5.350%, 3/1/26 | ββββ379,159 | ||
β β174,000 | Oracle Corp., 2.650%, 7/15/26 | ββββ183,290 | ||
β β220,000 | Visa, Inc., 4.150%, 12/14/35 | ββββ264,735 | ||
ββ332,000 | VMware, Inc., 1.400%, 8/15/26 | ββββ330,329 | ||
Β | Β | Β | Β | ββ3,021,288 |
Β | Health Care β 2.7% | Β | ||
β β283,000 | AbbVie, Inc., 4.450%, 5/14/46 | ββββ340,300 | ||
β β232,000 | Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49 | ββββ257,130 | ||
β β221,000 | Becton Dickinson and Co., 4.685%, 12/15/44 | ββββ274,793 | ||
β β229,000 | Bristol-Myers Squibb Co., 5.000%, 8/15/45 | ββββ307,093 | ||
β β263,000 | CommonSpirit Health, 4.187%, 10/1/49 | ββββ299,637 | ||
β β190,000 | CommonSpirit Health, 4.200%, 8/1/23 | ββββ201,597 | ||
β β240,000 | CVS Health Corp., 5.125%, 7/20/45 | ββββ308,672 | ||
β β293,000 | DH Europe Finance II Sarl, 3.250%, 11/15/39 | ββββ311,858 | ||
β β234,000 | Mylan, Inc., 4.550%, 4/15/28 | ββββ266,879 | ||
ββ312,000 | UnitedHealth Group, Inc., 3.500%, 8/15/39 | ββββ345,172 | ||
Β | Β | Β | Β | ββ2,913,131 |
Β | Utilities β 2.6% | Β | ||
β β222,000 | American Water Capital Corp., 6.593%, 10/15/37 | ββββ324,780 | ||
β β349,000 | Cleveland Electric Illuminating Co. (The), 144a, 4.550%, 11/15/30 | ββββ406,510 | ||
β ββ93,000 | Duke Energy Progress LLC, 4.150%, 12/1/44 | ββββ109,317 | ||
β β207,000 | Edison International, 4.125%, 3/15/28 | ββββ220,526 | ||
ββ224,000 | Electricite de France SA (France), 144a, 4.875%, 9/21/38 | βββ β273,947 |
Β
4
Touchstone Bond Fund (Unaudited) (Continued)
Principal Amount | Β | Β | Β | Market Value |
Β | Corporate Bonds β 34.6% (Continued) | Β | ||
Β | Utilities β (Continued) | Β | ||
$βββ85,000 | Fortis, Inc. (Canada), 3.055%, 10/4/26 | $βββββ91,150 | ||
β ββ68,000 | Metropolitan Edison Co., 144a, 4.300%, 1/15/29 | βββββ76,142 | ||
β β372,000 | Pacific Gas and Electric Co., 3.500%, 8/1/50 | ββββ336,657 | ||
β β127,000 | PacifiCorp., 5.750%, 4/1/37 | ββββ171,056 | ||
β β203,000 | Virginia Electric & Power Co., 3.300%, 12/1/49 | ββββ215,422 | ||
ββ532,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 2.237%, 5/15/67(A) | ββββ500,905 | ||
Β | Β | Β | Β | ββ2,726,412 |
Β | Consumer Staples β 2.6% | Β | ||
β β380,000 | 7-Eleven, Inc., 144a, 0.950%, 2/10/26 | ββββ373,048 | ||
β β439,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | ββββ544,703 | ||
β β434,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 4.250%, 7/21/25 | ββββ473,000 | ||
β β213,000 | Kroger Co. (The), 5.000%, 4/15/42 | ββββ269,684 | ||
β β336,000 | Mars, Inc., 144a, 3.875%, 4/1/39 | ββββ388,387 | ||
β β454,000 | Reynolds American, Inc. (United Kingdom), 4.450%, 6/12/25 | ββββ500,832 | ||
ββ164,000 | Starbucks Corp., 3.350%, 3/12/50 | ββββ169,937 | ||
Β | Β | Β | Β | ββ2,719,591 |
Β | Real Estate β 2.3% | Β | ||
β β361,000 | Crown Castle International Corp. REIT, 3.650%, 9/1/27 | ββββ396,709 | ||
β β236,000 | Equinix, Inc. REIT, 2.900%, 11/18/26 | ββββ250,161 | ||
β β285,000 | Healthcare Realty Trust, Inc. REIT, 2.400%, 3/15/30 | ββββ285,689 | ||
β β338,000 | Host Hotels & Resorts LP REIT, 4.500%, 2/1/26 | ββββ370,069 | ||
β β186,000 | Mid-America Apartments LP REIT, 3.750%, 6/15/24 | ββββ199,419 | ||
β β290,000 | Sabra Health Care LP REIT, 5.125%, 8/15/26 | ββββ324,675 | ||
β ββ96,000 | STORE Capital Corp. REIT, 4.500%, 3/15/28 | ββββ108,151 | ||
β β188,000 | STORE Capital Corp. REIT, 4.625%, 3/15/29 | ββββ212,801 | ||
ββ250,000 | VEREIT Operating Partnership LP, 4.600%, 2/6/24 | ββββ269,766 | ||
Β | Β | Β | Β | ββ2,417,440 |
Β | Consumer Discretionary β 1.9% | Β | ||
β β169,000 | General Motors Financial Co., Inc., 5.650%, 1/17/29 | ββββ203,223 | ||
β β227,000 | Home Depot, Inc. (The), 5.950%, 4/1/41 | ββββ323,731 | ||
β β316,000 | Hyundai Capital America, 144a, 2.650%, 2/10/25 | ββββ328,323 | ||
β β308,000 | Lowe's Cos, Inc., 4.500%, 4/15/30 | ββββ360,698 | ||
β β490,000 | Procter & Gamble Co. (The), 1.200%, 10/29/30 | ββββ465,586 | ||
β βββ1,334 | United Airlines 2014-2 Class B Pass Through Trust, Ser B, 4.625%, 9/3/22 | ββββββ1,361 | ||
ββ333,000 | Walmart, Inc., 2.850%, 7/8/24 | ββββ352,908 | ||
Β | Β | Β | Β | ββ2,035,830 |
Β | Materials β 0.4% | Β | ||
β ββ83,000 | Braskem America Finance Co. (Brazil), 144a, 7.125%, 7/22/41 | ββββ107,278 | ||
ββ301,000 | Sherwin-Williams Co. (The), 4.500%, 6/1/47 | ββββ364,072 | ||
Β | Β | Β | Β | ββββ471,350 |
Β | Total Corporate Bonds | β$36,804,639 | ||
Β | U.S. Treasury Obligations β 34.5% | |||
4,545,000 | U.S. Treasury Bond, 1.750%, 8/15/41 | Β | Β | ββ4,334,084 |
4,520,000 | U.S. Treasury Bond, 1.875%, 2/15/41 | Β | Β | ββ4,411,237 |
5,825,000 | U.S. Treasury Note, 0.125%, 4/30/23 | Β | Β | ββ5,817,036 |
2,380,000 | U.S. Treasury Note, 0.250%, 10/31/25 | Β | Β | ββ2,324,684 |
5,580,000 | U.S. Treasury Note, 0.375%, 3/31/22 | Β | Β | ββ5,588,719 |
6,340,000 | U.S. Treasury Note, 0.750%, 5/31/26 | Β | Β | ββ6,284,277 |
4,300,000 | U.S. Treasury Note, 1.125%, 2/28/22 | Β | Β | ββ4,318,812 |
3,613,000 | U.S. Treasury Note, 1.625%, 5/15/31 | Β | Β | ββ3,650,824 |
Β | Total U.S. Treasury Obligations | β$36,729,673 |
Principal Amount | Β | Β | Β | Market Value |
Β | Asset-Backed Securities β 7.2% | |||
$ββ265,000 | Apidos CLO XVIII (Cayman Islands), Ser 2018-18A, Class A1, 144a, (3M LIBOR +1.140%), 1.278%, 10/22/30(A) | Β | Β | $ββββ265,009 |
β β400,000 | Benefit Street Partners CLO XIX Ltd. (Cayman Islands), Ser 2019-19A, Class B, 144a, (3M LIBOR +2.000%), 2.126%, 1/15/33(A) | Β | Β | ββββ400,242 |
β β237,197 | CF Hippolyta LLC, Ser 2020-1, Class A1, 144a, 1.690%, 7/15/60 | Β | Β | ββββ240,354 |
β β275,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2016-1A, Class A1R, 144a, (3M LIBOR +1.350%), 1.484%, 10/21/31(A) | Β | Β | ββββ275,097 |
β β706,875 | Driven Brands Funding LLC, Ser 2019-1A, Class A2, 144a, 4.641%, 4/20/49 | Β | Β | ββββ756,015 |
β β350,000 | DRIVEN BRANDS FUNDING LLC, Ser 2021-1A, Class A2, 144a, 2.791%, 10/20/51 | Β | Β | ββββ350,000 |
β β389,676 | Elara HGV Timeshare Issuer LLC, Ser 2019-A, Class B, 144a, 2.910%, 1/25/34 | Β | Β | ββββ394,685 |
β β297,750 | Jack In The Box Funding LLC, Ser 2019-1A, Class A2I, 144a, 3.982%, 8/25/49 | Β | Β | ββββ303,832 |
β β268,000 | Jersey Mike's Funding, Ser 2019-1A, Class A2, 144a, 4.433%, 2/15/50 | Β | Β | ββββ284,367 |
β β241,250 | Jimmy Johns Funding LLC, Ser 2017-1A, Class A2II, 144a, 4.846%, 7/30/47 | Β | Β | ββββ260,734 |
β β700,000 | Madison Park Funding XVIII Ltd. (Cayman Islands), Ser 2015-18A, Class BR, 144a, (3M LIBOR +1.600%), 1.734%, 10/21/30(A) | Β | Β | ββββ700,055 |
β β275,000 | Madison Park Funding XXXV Ltd. (Cayman Islands), Ser 2019-35A, Class A2AR, 144a, (3M LIBOR +1.200%), 1.334%, 4/20/32(A) | Β | Β | ββββ275,122 |
β β289,383 | Mill City Mortgage Loan Trust, Ser 2018-3, Class M3, 144a, 3.250%, 8/25/58(A)(B) | Β | Β | ββββ299,839 |
β β350,000 | New Mountain CLO 1 Ltd. (Cayman Islands), Ser CLO-1A, Class A1, 144a, (3M LIBOR +1.550%), 1.676%, 10/15/32(A) | Β | Β | ββββ350,429 |
β β400,000 | OHA Loan Funding Ltd. (Cayman Islands), Ser 2015-1A, Class B1R2, 144a, (3M LIBOR +1.900%), 2.025%, 11/15/32(A) | Β | Β | ββββ400,084 |
β β750,000 | STWD Ltd. (Cayman Islands), Ser 2019-FL1, Class A, 144a, (1M LIBOR +1.080%), 1.244%, 7/15/38(A) | Β | Β | ββββ750,000 |
β β295,350 | TAL Advantage VII LLC, Ser 2020-1A, Class A, 144a, 2.050%, 9/20/45 | Β | Β | ββββ297,290 |
β β115,172 | Towd Point Mortgage Trust, Ser 2015-3, Class A2, 144a, 4.000%, 3/25/54(A)(B) | Β | Β | ββββ115,475 |
β β285,548 | Towd Point Mortgage Trust, Ser 2019-1, Class A1, 144a, 3.705%, 3/25/58(A)(B) | Β | Β | ββββ300,728 |
β β380,000 | Voya CLO Ltd. (Cayman Islands), Ser 2017-4A, Class A1, 144a, (3M LIBOR +1.130%), 1.256%, 10/15/30(A) | Β | Β | ββββ380,014 |
ββ275,000 | Voya CLO Ltd. (Cayman Islands), Ser 2019-2A, Class A, 144a, (3M LIBOR +1.270%), 1.404%, 7/20/32(A) | Β | Β | ββββ275,013 |
Β | Total Asset-Backed Securities | ββ$7,674,384 | ||
Β | U.S. Government Mortgage-Backed Obligations β 6.6% | |||
β ββ52,991 | FHLMC, Pool #A95946, 4.000%, 1/1/41 | Β | Β | βββββ58,615 |
β ββ40,816 | FHLMC, Pool #A96485, 4.500%, 1/1/41 | Β | Β | βββββ45,611 |
β ββ13,050 | FHLMC, Pool #G03217, 5.500%, 9/1/37 | Β | Β | βββββ14,807 |
β βββ6,924 | FHLMC, Pool #G03781, 6.000%, 1/1/38 | Β | Β | ββββββ8,126 |
β β272,647 | FHLMC, Pool #G05624, 4.500%, 9/1/39 | Β | Β | ββββ305,759 |
β β324,108 | FHLMC, Pool #Q29056, 4.000%, 10/1/44 | Β | Β | ββββ355,538 |
β β160,690 | FHLMC, Pool #Q29260, 4.000%, 10/1/44 | Β | Β | ββββ177,633 |
β βββ3,582 | FNMA, Pool #561741, 7.500%, 1/1/31 | Β | Β | ββββββ4,064 |
β β226,797 | FNMA, Pool #725423, 5.500%, 5/1/34 | Β | Β | ββββ261,591 |
β β199,545 | FNMA, Pool #725610, 5.500%, 7/1/34 | Β | Β | ββββ230,825 |
ββββ 4,906 | FNMA, Pool #889734, 5.500%, 6/1/37 | Β | Β | βββ βββ5,719 |
Β
5
Touchstone Bond Fund (Unaudited) (Continued)
Principal Amount | Β | Β | Β | Market Value |
Β | U.S. Government Mortgage-Backed Obligations β 6.6% (Continued) | |||
$βββ30,941 | FNMA, Pool #AB1149, 5.000%, 6/1/40 | Β | Β | $βββββ35,407 |
β ββ30,398 | FNMA, Pool #AB1800, 4.000%, 11/1/40 | Β | Β | βββββ33,658 |
β ββ52,454 | FNMA, Pool #AD3795, 4.500%, 4/1/40 | Β | Β | βββββ58,799 |
β ββ75,493 | FNMA, Pool #AD9150, 5.000%, 8/1/40 | Β | Β | βββββ85,878 |
β β143,161 | FNMA, Pool #AD9193, 5.000%, 9/1/40 | Β | Β | ββββ162,770 |
β ββ91,712 | FNMA, Pool #AE0548, 4.500%, 11/1/40 | Β | Β | ββββ101,913 |
β ββ74,650 | FNMA, Pool #AE4429, 4.000%, 10/1/40 | Β | Β | βββββ82,564 |
β βββ3,725 | FNMA, Pool #AH2666, 4.000%, 1/1/26 | Β | Β | ββββββ3,951 |
β βββ6,206 | FNMA, Pool #AH3493, 4.000%, 2/1/26 | Β | Β | ββββββ6,582 |
β β119,408 | FNMA, Pool #AJ5457, 4.000%, 11/1/41 | Β | Β | ββββ132,082 |
β β117,317 | FNMA, Pool #AL0054, 4.500%, 2/1/41 | Β | Β | ββββ131,062 |
β β246,307 | FNMA, Pool #AL5718, 3.500%, 9/1/44 | Β | Β | ββββ268,837 |
β β305,090 | FNMA, Pool #AR9195, 3.000%, 3/1/43 | Β | Β | ββββ327,708 |
β ββ99,538 | FNMA, Pool #AS7813, 4.000%, 8/1/46 | Β | Β | ββββ108,437 |
β β255,327 | FNMA, Pool #AT2016, 3.000%, 4/1/43 | Β | Β | ββββ273,238 |
β β217,065 | FNMA, Pool #BC1158, 3.500%, 2/1/46 | Β | Β | ββββ233,257 |
β β377,240 | FNMA, Pool #FM4996, 2.000%, 12/1/50 | Β | Β | ββββ379,451 |
β β430,176 | FNMA, Pool #FM5166, 3.000%, 12/1/50 | Β | Β | ββββ451,811 |
β β382,337 | FNMA, Pool #FM5279, 3.500%, 11/1/50 | Β | Β | ββββ404,641 |
β β316,483 | FNMA, Pool #FM5468, 2.500%, 1/1/36 | Β | Β | ββββ331,954 |
β β352,192 | FNMA, Pool #FM5682, 2.500%, 1/1/51 | Β | Β | ββββ364,284 |
β β120,738 | FNMA, Pool #MA1175, 3.000%, 9/1/42 | Β | Β | ββββ128,850 |
β ββ78,122 | FNMA, Pool #MA2177, 4.000%, 2/1/35 | Β | Β | βββββ85,556 |
β β492,397 | FNMA, Pool #MA4166, 3.000%, 10/1/40 | Β | Β | ββββ515,794 |
β ββ98,658 | GNMA, Pool #4853, 4.000%, 11/20/40 | Β | Β | ββββ108,118 |
β ββ73,238 | GNMA, Pool #4883, 4.500%, 12/20/40 | Β | Β | βββββ81,364 |
β β290,060 | GNMA, Pool #5175, 4.500%, 9/20/41 | Β | Β | ββββ324,112 |
β ββ29,271 | GNMA, Pool #736696, 4.500%, 5/15/40 | Β | Β | βββββ33,045 |
β β165,704 | GNMA, Pool #AD1745, 3.000%, 2/20/43 | Β | Β | ββββ178,015 |
ββ108,851 | GNMA, Pool #MA1157, 3.500%, 7/20/43 | Β | Β | ββββ117,695 |
Β | Total U.S. Government Mortgage-Backed Obligations | ββ$7,019,121 | ||
Β | Commercial Mortgage-Backed Securities β 5.0% | |||
β β675,000 | BANK, Ser 2018-BN14, Class A3, 3.966%, 9/15/60 | Β | Β | ββββ752,776 |
β β750,000 | BHMS, Ser 2018-ATLS, Class A, 144a, (1M LIBOR +1.250%), 1.334%, 7/15/35(A) | Β | Β | ββββ751,995 |
β β500,000 | BPR Trust, Ser 2021-KEN, Class B, 144a, (1M LIBOR +1.950%), 2.034%, 2/15/29(A) | Β | Β | ββββ500,234 |
β β360,000 | DBUBS Mortgage Trust, Ser 2017-BRBK, Class B, 144a, 3.648%, 10/10/34(A)(B) | Β | Β | ββββ379,501 |
β β375,000 | GS Mortgage Securities Corp. II, Ser 2017-SLP, Class B, 144a, 3.772%, 10/10/32 | Β | Β | ββββ382,673 |
β β250,000 | GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.659%, 1/10/43(A)(B) | Β | Β | ββββ268,459 |
β β315,000 | HONO Mortgage Trust, Ser 2021-LULU, Class B, 144a, (1M LIBOR +1.450%), 1.550%, 10/15/36 | Β | Β | ββββ314,996 |
β β350,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (1M LIBOR +1.020%), 2.020%, 11/15/35(A) | Β | Β | ββββ351,408 |
β β320,000 | New York City Housing Development Corp., Ser 2014-8SPR, Class B, 3.864%, 2/15/48(A)(B) | Β | Β | ββββ335,341 |
β β675,000 | SG Commercial Mortgage Securities Trust, Ser 2019-787E, Class A, 144a, 4.163%, 2/15/41 | Β | Β | ββββ764,715 |
ββ498,994 | WFRBS Commercial Mortgage Trust, Ser 2014-C19, Class A3, 3.660%, 3/15/47 | Β | Β | ββββ494,900 |
Β | Total Commercial Mortgage-Backed Securities | ββ$5,296,998 |
Shares | Β | Β | Β | Β |
Β | Exchange-Traded Fund β 4.7% | Β | ||
βββ45,431 | iShares JP Morgan USD Emerging Markets Bond ETF | ββ5,000,136 |
Principal Amount | Β | Β | Β | MarketValue |
Β | Non-Agency Collateralized Mortgage Obligations β 3.7% | |||
$ββ109,213 | Agate Bay Mortgage Trust, Ser 2013-1, Class B3, 144a, 3.597%, 7/25/43(A)(B) | Β | Β | $ββββ110,455 |
β β388,352 | Agate Bay Mortgage Trust, Ser 2015-4, Class B2, 144a, 3.543%, 6/25/45(A)(B) | Β | Β | ββββ393,359 |
β β349,812 | Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.698%, 10/25/45(A)(B) | Β | Β | ββββ356,172 |
β β268,792 | CSMC Trust, Ser 2013-IVR3, Class B2, 144a, 3.400%, 5/25/43(A)(B) | Β | Β | ββββ271,685 |
β β292,337 | CSMC Trust, Ser 2015-1, Class B3, 144a, 3.938%, 1/25/45(A)(B) | Β | Β | ββββ295,303 |
β β198,501 | CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.817%, 12/25/44(A)(B) | Β | Β | ββββ199,688 |
β β134,860 | CSMC Trust, Ser 2018-RPL9, Class A, 144a, 3.850%, 9/25/57(A)(B) | Β | Β | ββββ141,942 |
β βββββ623 | Deutsche ALT-A Securities, Inc. ALT, Ser 2003-2XS, Class A6, 5.470%, 9/25/33(A)(B) | Β | Β | ββββββββ628 |
β β122,291 | EverBank Mortgage Loan Trust, Ser 2013-1, Class B1, 144a, 3.458%, 3/25/43(A)(B) | Β | Β | ββββ123,565 |
β β318,262 | GS Mortgage-Backed Securities Trust, Ser 2021-PJ6, Class A2, 144a, 2.500%, 11/25/51(A)(B) | Β | Β | ββββ321,880 |
β β513,434 | JP Morgan Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.480%, 1/25/47(A)(B) | Β | Β | ββββ515,253 |
β ββ82,327 | Residential Asset Securitization Trust, Ser 2006-A1, Class 1A3, 6.000%, 4/25/36 | Β | Β | βββββ55,157 |
β ββ93,343 | Sequoia Mortgage Trust, Ser 2013-10, Class B2, 144a, 3.545%, 8/25/43(A)(B) | Β | Β | βββββ94,174 |
β β125,455 | Sequoia Mortgage Trust, Ser 2013-5, Class B1, 144a, 3.506%, 5/25/43(A)(B) | Β | Β | ββββ126,864 |
β β455,799 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B1B, 144a, 4.782%, 8/25/48(A)(B) | Β | Β | ββββ472,148 |
β β413,068 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B2B, 144a, 4.782%, 8/25/48(A)(B) | Β | Β | ββββ426,618 |
βββ25,753 | Washington Mutual Mortgage Pass-Through Certificates, Ser 2005-9, Class 2A4, 5.500%, 11/25/35 | Β | Β | βββββ26,402 |
Β | Total Non-Agency Collateralized Mortgage Obligations | ββ$3,931,293 | ||
Β | Agency Collateralized Mortgage Obligations β 1.0% | |||
β β641,934 | FHLMC REMIC, Ser 3859, Class JB, 5.000%, 5/15/41 | Β | Β | ββββ718,661 |
β ββ20,005 | FNMA REMIC, Ser 2015-51, Class KC, 3.000%, 6/25/45 | Β | Β | βββββ20,333 |
ββ312,767 | FNMA REMIC, Ser 2017-90, Class KA, 3.000%, 11/25/47 | Β | Β | ββββ330,810 |
Β | Total Agency Collateralized Mortgage Obligations | ββ$1,069,804 | ||
Β | Sovereign Government Obligations β 0.4% | |||
ββ449,000 | Peruvian Government International Bond, 2.780%, 12/1/60 | ββββ378,390 |
Shares | Β | Β | Β | Β |
Β | Short-Term Investment Funds β 1.5% | Β | ||
1,330,844 | Dreyfus Government Cash Management, Institutional Shares, 0.03%βΞ© | ββ1,330,844 | ||
ββ244,530 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%βΞ©** | ββββ244,530 | ||
Β | Total Short-Term Investment Funds | ββ$1,575,374 | ||
Β | Total Investment Securitiesβ99.2% (Cost $102,622,511) | $105,479,812 | ||
Β | Other Assets in Excess of Liabilities β 0.8% | ββββ834,329 | ||
Β | Net Assets β 100.0% | $106,314,141 |
(A) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2021. |
Β
6
Touchstone Bond Fund (Unaudited) (Continued)
(B) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
** | Represents collateral for securities loaned. |
β | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2021 was $234,965. |
β | Open-End Fund. |
Ξ© | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
CLO β Collateralized Loan Obligation |
ETF β Exchange-Traded Fund |
FHLMC β Federal Home Loan Mortgage Corporation |
FNMA β Federal National Mortgage Association |
GNMA β Government National Mortgage Association |
LIBOR β London Interbank Offered Rate |
LLC β Limited Liability Company |
LP β Limited Partnership |
MTN β Medium Term Note |
PLC β Public Limited Company |
REIT β Real Estate Investment Trust |
REMIC β Real Estate Mortgage Investment Conduit |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2021, these securities were valued at $21,685,494 or 20.4% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Other Information:
The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Corporate Bonds | $β | $36,804,639 | $β | $36,804,639 |
U.S. Treasury Obligations | β | 36,729,673 | β | 36,729,673 |
Asset-Backed Securities | β | 7,674,384 | β | 7,674,384 |
U.S. Government Mortgage-Backed Obligations | β | 7,019,121 | β | 7,019,121 |
Commercial Mortgage-Backed Securities | β | 5,296,998 | β | 5,296,998 |
Exchange-Traded Fund | 5,000,136 | β | β | 5,000,136 |
Non-Agency Collateralized Mortgage Obligations | β | 3,931,293 | β | 3,931,293 |
Agency Collateralized Mortgage Obligations | β | 1,069,804 | β | 1,069,804 |
Sovereign Government Obligations | β | 378,390 | β | 378,390 |
Short-Term Investment Funds | 1,575,374 | β | β | 1,575,374 |
Total | $6,575,510 | $98,904,302 | $β | $105,479,812 |
See accompanying Notes to Portfolios of Investments.
7
Portfolio of Investments
Touchstone Common Stock Fund β September 30, 2021 (Unaudited)
Shares | Β | Β | Β | Market Value |
Β | Common Stocks β 99.6% | Β | ||
Β | Information Technology β 27.4% | Β | ||
107,344 | Apple, Inc. | $β15,189,176 | ||
β22,843 | International Business Machines Corp. | ββ3,173,578 | ||
β73,345 | Microsoft Corp. | β20,677,423 | ||
β58,641 | Oracle Corp. | ββ5,109,390 | ||
β30,777 | salesforce.com, Inc.* | ββ8,347,338 | ||
β41,743 | SS&C Technologies Holdings, Inc. | ββ2,896,964 | ||
β25,987 | Texas Instruments, Inc. | ββ4,994,961 | ||
β17,494 | Visa, Inc. - Class A | ββ3,896,789 | ||
β15,533 | Workday, Inc. - Class A* | ββ3,881,541 | ||
Β | Β | Β | Β | β68,167,160 |
Β | Communication Services β 19.8% | Β | ||
ββ6,179 | Alphabet, Inc. - Class C* | β16,468,951 | ||
β88,597 | AT&T, Inc. | ββ2,393,005 | ||
β90,854 | Comcast Corp. - Class A | ββ5,081,464 | ||
β45,692 | Facebook, Inc. - Class A* | β15,507,408 | ||
β67,213 | Fox Corp. - Class A | ββ2,695,913 | ||
ββ8,196 | Netflix, Inc.* | ββ5,002,347 | ||
β13,272 | Walt Disney Co. (The)* | ββ2,245,224 | ||
Β | Β | Β | Β | β49,394,312 |
Β | Financials β 12.3% | Β | ||
175,209 | Bank of America Corp. | ββ7,437,622 | ||
β31,011 | Berkshire Hathaway, Inc. - Class B* | ββ8,464,142 | ||
β24,848 | Goldman Sachs Group, Inc. (The) | ββ9,393,290 | ||
β19,363 | Signature Bank | ββ5,272,158 | ||
Β | Β | Β | Β | β30,567,212 |
Β | Health Care β 11.6% | Β | ||
β25,407 | AmerisourceBergen Corp. | ββ3,034,866 | ||
β32,289 | BioMarin Pharmaceutical, Inc.* | ββ2,495,617 | ||
β77,056 | Bristol-Myers Squibb Co. | ββ4,559,404 | ||
β21,266 | HCA Healthcare, Inc. | ββ5,161,683 | ||
β43,542 | Johnson & Johnson | ββ7,032,033 | ||
β16,842 | UnitedHealth Group, Inc. | ββ6,580,843 | ||
Β | Β | Β | Β | β28,864,446 |
Β | Consumer Discretionary β 10.5% | Β | ||
β17,029 | Alibaba Group Holding Ltd. (China) ADR* | ββ2,521,143 | ||
ββ3,978 | Amazon.com, Inc.* | β13,067,889 | ||
β43,121 | Hilton Worldwide Holdings, Inc.* | ββ5,696,715 | ||
β13,770 | Starbucks Corp. | ββ1,518,969 | ||
105,261 | Trip.com Group Ltd. (China) ADR* | ββ3,236,776 | ||
Β | Β | Β | Β | β26,041,492 |
Β | Industrials β 8.7% | Β | ||
β10,611 | Deere & Co. | ββ3,555,428 | ||
ββ7,486 | FedEx Corp. | ββ1,641,605 | ||
β27,193 | Hubbell, Inc. | ββ4,912,959 | ||
β12,785 | Parker-Hannifin Corp. | ββ3,574,942 |
Shares | Β | Β | Β | Market Value |
Β | Β | Β | ||
Β | Industrials β (Continued) | Β | ||
β79,709 | Raytheon Technologies Corp. | $ββ6,851,786 | ||
β24,180 | Southwest Airlines Co.* | ββ1,243,577 | ||
Β | Β | Β | Β | β21,780,297 |
Β | Consumer Staples β 3.5% | Β | ||
β48,551 | Monster Beverage Corp.* | ββ4,312,785 | ||
β46,964 | Philip Morris International, Inc. | ββ4,451,718 | ||
Β | Β | Β | Β | ββ8,764,503 |
Β | Real Estate β 2.4% | Β | ||
β24,415 | Jones Lang LaSalle, Inc.* | ββ6,057,117 | ||
Β | Energy β 2.0% | Β | ||
β50,133 | Exxon Mobil Corp. | ββ2,948,823 | ||
β67,838 | Schlumberger NV | ββ2,010,718 | ||
Β | Β | Β | Β | ββ4,959,541 |
Β | Materials β 1.4% | Β | ||
β50,117 | DuPont de Nemours, Inc. | ββ3,407,455 | ||
Β | Total Common Stocks | $248,003,535 | ||
Β | Short-Term Investment Fund β 0.0% | Β | ||
β80,858 | Dreyfus Government Cash Management, Institutional Shares, 0.03%βΞ© | βββββ80,858 | ||
Β | Total Investment Securitiesβ99.6% (Cost $125,594,660) | $248,084,393 | ||
Β | Other Assets in Excess of Liabilities β 0.4% | ββ1,004,875 | ||
Β | Net Assets β 100.0% | $249,089,268 |
* | Non-income producing security. |
β | Open-End Fund. |
Ξ© | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR β American Depositary Receipt |
Other Information:
The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $248,003,535 | $β | $β | $248,003,535 |
Short-Term Investment Fund | 80,858 | β | β | 80,858 |
Total | $248,084,393 | $β | $β | $248,084,393 |
See accompanying Notes to Portfolios of Investments.
Β
8
Portfolio of Investments
Touchstone Small Company Fund β September 30, 2021 (Unaudited)
Shares | Β | Β | Β | Market Value |
Β | Common Stocks β 98.2% | Β | ||
Β | Information Technology β 19.5% | Β | ||
βββ35,900 | 8x8, Inc.* | $βββ839,701 | ||
βββ57,600 | Box, Inc. - Class A* | β1,363,392 | ||
βββ37,031 | Cognyte Software Ltd. (Israel)* | βββ760,987 | ||
βββ11,700 | CommVault Systems, Inc.* | βββ881,127 | ||
βββ35,300 | Digi International, Inc.* | βββ742,006 | ||
ββββ6,387 | ExlService Holdings, Inc.* | βββ786,367 | ||
ββββ8,585 | J2 Global, Inc.* | β1,172,883 | ||
βββ10,787 | MAXIMUS, Inc. | βββ897,478 | ||
βββ18,500 | Methode Electronics, Inc. | βββ777,925 | ||
βββ19,108 | Onto Innovation, Inc.* | β1,380,553 | ||
ββββ8,828 | Qualys, Inc.* | βββ982,468 | ||
ββββ4,974 | SPS Commerce, Inc.* | βββ802,356 | ||
βββ45,500 | Tower Semiconductor Ltd. (Israel)* | β1,360,450 | ||
βββ20,531 | Verint Systems, Inc.* | βββ919,584 | ||
βββ10,600 | WNS Holdings Ltd. (India) ADR* | βββ867,080 | ||
Β | Β | Β | Β | 14,534,357 |
Β | Health Care β 19.5% | Β | ||
ββββ6,218 | Addus HomeCare Corp.* | βββ495,886 | ||
βββ62,200 | Allscripts Healthcare Solutions, Inc.* | βββ831,614 | ||
βββ22,772 | Anika Therapeutics, Inc.* | βββ969,176 | ||
ββββ1,586 | Bio-Techne Corp. | βββ768,528 | ||
ββββ1,960 | Chemed Corp. | βββ911,635 | ||
βββ21,683 | Encompass Health Corp. | β1,627,092 | ||
βββ11,100 | Ensign Group, Inc. (The) | βββ831,279 | ||
βββ10,868 | Globus Medical, Inc. - Class A* | βββ832,706 | ||
βββ12,792 | Integra LifeSciences Holdings Corp.* | βββ875,996 | ||
ββββ4,131 | ModivCare, Inc.* | βββ750,272 | ||
βββ14,297 | NuVasive, Inc.* | βββ855,676 | ||
ββββ5,731 | Omnicell, Inc.* | βββ850,652 | ||
βββ42,518 | Premier, Inc. - Class A | β1,647,998 | ||
βββ12,400 | Progyny, Inc.* | βββ694,400 | ||
βββ17,200 | Tactile Systems Technology, Inc.* | βββ764,540 | ||
βββ16,800 | Vocera Communications, Inc.* | βββ768,768 | ||
Β | Β | Β | Β | 14,476,218 |
Β | Industrials β 18.4% | Β | ||
ββββ8,617 | ASGN, Inc.* | βββ974,927 | ||
βββ14,900 | Clean Harbors, Inc. * | β1,547,663 | ||
βββ16,702 | Crane Co. | β1,583,517 | ||
ββββ7,500 | Curtiss-Wright Corp. | βββ946,350 | ||
βββ10,020 | Forward Air Corp. | βββ831,861 | ||
βββ59,100 | Great Lakes Dredge & Dock Corp.* | βββ891,819 | ||
ββββ9,948 | ITT, Inc. | βββ853,936 | ||
βββ34,300 | JELD-WEN Holding, Inc.* | βββ858,529 | ||
ββββ5,700 | John Bean Technologies Corp. | βββ801,135 | ||
βββ21,270 | KBR, Inc. | βββ838,038 | ||
ββββ6,533 | Quanta Services, Inc. | βββ743,586 | ||
ββββ4,300 | RBC Bearings, Inc.* | βββ912,460 | ||
βββ18,700 | SkyWest, Inc.* | βββ922,658 | ||
βββ14,880 | Zurn Water Solutions Corp. | βββ956,635 | ||
Β | Β | Β | Β | 13,663,114 |
Β | Consumer Discretionary β 15.1% | Β | ||
βββ28,500 | American Eagle Outfitters, Inc. | βββ735,300 | ||
βββ25,492 | Aritzia, Inc. (Canada)* | βββ811,493 | ||
βββ21,200 | Foot Locker, Inc. | βββ967,992 | ||
ββββ5,200 | Fox Factory Holding Corp.* | βββ751,608 | ||
βββ27,896 | Frontdoor, Inc.* | β1,168,843 | ||
ββββ9,300 | Grand Canyon Education, Inc.* | βββ818,028 | ||
βββ10,900 | Malibu Boats, Inc. - Class A* | βββ762,782 | ||
ββββ8,900 | Oxford Industries, Inc. | βββ802,513 | ||
βββ12,600 | Skyline Champion Corp.* | βββ 756,756 |
Shares | Β | Β | Β | Market Value |
Β | Β | Β | ||
Β | Consumer Discretionary β (Continued) | Β | ||
βββ22,664 | Steven Madden Ltd. | $βββ910,186 | ||
ββββ8,878 | Texas Roadhouse, Inc. | βββ810,828 | ||
ββββ3,700 | TopBuild Corp.* | βββ757,797 | ||
βββ29,100 | Zumiez, Inc.* | β1,157,016 | ||
Β | Β | Β | Β | 11,211,142 |
Β | Financials β 14.5% | Β | ||
βββ17,800 | Ameris Bancorp | βββ923,464 | ||
ββββ5,900 | Evercore, Inc. - Class A | βββ788,653 | ||
βββ76,300 | FNB Corp. | βββ886,606 | ||
βββ11,954 | Independent Bank Group, Inc. | βββ849,212 | ||
βββ21,600 | Pacific Premier Bancorp, Inc. | βββ895,104 | ||
ββββ9,000 | Pinnacle Financial Partners, Inc. | βββ846,720 | ||
βββ11,000 | PJT Partners, Inc. - Class A | βββ870,210 | ||
βββ19,900 | PROG Holdings, Inc. | βββ835,999 | ||
βββ51,200 | Umpqua Holdings Corp. | β1,036,800 | ||
βββ67,100 | Valley National Bancorp | βββ893,101 | ||
βββ17,373 | Webster Financial Corp. | βββ946,134 | ||
ββββ8,977 | Western Alliance Bancorp | βββ976,877 | ||
Β | Β | Β | Β | 10,748,880 |
Β | Real Estate β 5.4% | Β | ||
βββ11,600 | Agree Realty Corp. REIT | βββ768,268 | ||
βββ61,045 | Corporate Office Properties Trust REIT | β1,646,994 | ||
βββ27,400 | Healthcare Realty Trust, Inc. REIT | βββ815,972 | ||
βββ19,800 | STAG Industrial, Inc. REIT | βββ777,150 | ||
Β | Β | Β | Β | β4,008,384 |
Β | Communication Services β 2.6% | Β | ||
βββ33,500 | Cargurus, Inc.* | β1,052,235 | ||
βββ51,580 | QuinStreet, Inc.* | βββ905,745 | ||
Β | Β | Β | Β | β1,957,980 |
Β | Materials β 2.1% | Β | ||
ββββ8,900 | Ashland Global Holdings, Inc. | βββ793,168 | ||
ββββ5,800 | Eagle Materials, Inc. | βββ760,728 | ||
Β | Β | Β | Β | β1,553,896 |
Β | Consumer Staples β 1.1% | Β | ||
βββ43,632 | Mission Produce, Inc.* | βββ801,956 | ||
Β | Total Common Stocks | $72,955,927 | ||
Β | Short-Term Investment Fund β 2.3% | Β | ||
1,719,949 | Dreyfus Government Cash Management, Institutional Shares, 0.03%βΞ© | β1,719,949 | ||
Β | Total Investment Securitiesβ100.5% (Cost $52,084,715) | $74,675,876 | ||
Β | Liabilities in Excess of Other Assets β (0.5%) | ββ(363,157) | ||
Β | Net Assets β 100.0% | $74,312,719 |
* | Non-income producing security. |
β | Open-End Fund. |
Ξ© | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR β American Depositary Receipt |
REIT β Real Estate Investment Trust |
Β
9
Touchstone Small Company Fund (Unaudited) (Continued)
Other Information:
The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $72,955,927 | $β | $β | $72,955,927 |
Short-Term Investment Fund | 1,719,949 | β | β | 1,719,949 |
Total | $74,675,876 | $β | $β | $74,675,876 |
See accompanying Notes to Portfolios of Investments.
10
Notes to Portfolio of Investments
September 30, 2021 (Unaudited)
Security valuation and fair value measurements β U.S. generally accepted accounting principles (βU.S. GAAPβ) defines fair value as the price the Funds would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. All investments in securities are recorded at their fair value. The Funds define the term βmarket valueβ, as used throughout this report, as the estimated fair value. The Funds use various methods to measure fair value of their portfolio securities on a recurring basis. U.S. GAAP fair value measurement standards require disclosure of a hierarchy that prioritizes inputs to valuation methods. These inputs are summarized in the three broad levels listed below:
β’Β Β LevelΒ 1Β βΒ quoted prices in active markets for identical securities
β’Β Β LevelΒ 2Β βΒ other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
β’Β Β LevelΒ 3Β βΒ significant unobservable inputs (including a Fundβs own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The aggregate value by input level, as of September 30, 2021, for each Fundβs investments, is included in each Fundβs Portfolio of Investments, which also includes a breakdown of the Fundβs investments by portfolio or sector allocation. The Funds did not hold or transfer any Level 3 categorized securities during the period ended September 30, 2021.
Changes in valuation techniques may result in transfers into or out of an investmentβs assigned level within the hierarchy.
The Funds' portfolio securities are valued as of the close of the regular session of trading on the New York Stock Exchange (βNYSEβ) (currently 4:00 p.m., Eastern Time or at the time as of which the NYSE establishes official closing prices). Portfolio securities traded on stock exchanges are valued at the last reported sale price, official close price, or last bid price if no sales are reported. Portfolio securities quoted by NASDAQ are valued at the NASDAQ Official Closing Price (βNOCPβ) or from the primary exchange on which the security trades. To the extent these securities are actively traded, they are categorized in Level 1 of the fair value hierarchy. Options and futures are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long option positions are valued at the most recent bid price, and short option positions are valued at the most recent ask price on the valuation date and are categorized in Level 1. Shares of mutual funds in which the Funds invest are valued at their respective net asset value (βNAVβ) as reported by the underlying funds and are categorized in Level 1.
Debt securities held by the Funds are valued at their evaluated bid by an independent pricing service or at their last broker-quoted bid prices as obtained from one or more of the major market makers for such securities. Independent pricing services use information provided by market makers or estimates of market values through accepted market modeling conventions. Observable inputs to the models may include prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models, the securitiesβ terms and conditions, among others, and are generally categorized in Level 2.Β Investments in asset-backed and mortgage-backed securities are valued by independent pricing services using models that consider estimated cash flows of each tranche of the security, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche, and are generally categorized in Level 2.Β Debt securities with remaining maturities of 60 days or less may be valued at amortized cost, provided such amount approximates market value and are categorized in Level 2. While this method provides consistency in valuation (and may only be used if it approximates market value), it may result in periods during which fair value, as determined by amortized cost, is higher or lower than the price that would be received if the Fund sold the investment.
Securities mainly traded on a non-U.S. exchange or denominated in foreign currencies are generally valued according to the preceding closing values on that exchange, translated to U.S. dollars using currency exchange rates as of the close of regular trading on the NYSE, and are generally categorized in Level 1. However, if an event that may change the value of a security occurs after the time that the closing value on the non-U.S. exchange was determined, but before the close of regular trading on the NYSE, the security may be priced based on fair value and is generally categorized in Level 2. This may cause the value of the security, if held on the books of a Fund, to be different from the closing value on the non-U.S. exchange and may affect the calculation of that Fundβs NAV. The Funds may use fair value pricing under the following circumstances, among others:
β’Β Β If the value of a security has been materially affected by events occurring before the Funds' pricing time but after the close of the primary markets on which the security is traded.
β’Β Β If the exchange on which a portfolio security is principally traded closes early or if trading in a particular portfolio security was halted during the day and did not resume prior to the Funds' NAV calculation.
β’Β Β If a security is so thinly traded that reliable market quotations are unavailable due to infrequent trading.
β’Β Β If the validity of market quotations is not reliable.
Securities held by the Funds that do not have readily available market quotations, significant observable inputs, or securities for which the available market quotations are not reliable, are priced at their estimated fair value using procedures approved by the Fundsβ Board of Trustees and are generally categorized in Level 3.
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Notes to Portfolio of Investments (Unaudited) (Continued)
Each Fund is an investment company that follows the accounting and reporting guidance of Accounting Standards Codification Topic 946 applicable to investment companies.
Security transactionsβSecurity transactions are reflected for financial reporting purposes as of the trade date.
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