Form NPORT-EX TOUCHSTONE FUNDS GROUP For: Jun 30

Article Stock Quotes (1)

FREE Breaking News Alerts from StreetInsider.com!

StreetInsider.com Top Tickers, 8/30/2026

1. WDAY
2. ESTC
3. MRVL
4. AFRM
5. RBRK

6. S
7. GAP
8. DG
9. ULTA
10. NVDA

Top News Most Read Special Reports

August 28, 2019 3:38 PM EDT

E-mail

Portfolio of Investments

Touchstone Active Bond Fund – June 30, 2019 (Unaudited)


Principal Amount			Market Value
		Corporate Bonds — 29.3%
		Financials — 7.2%
$	1,245,000	Allstate Corp. (The), Ser B, 5.750%, 8/15/53	$	1,305,021
	975,000	American Express Co., 3.000%, 10/30/24		999,443
	754,000	Bank of America Corp., 3.705%, 4/24/28		792,229
	1,000,000	Bank of America Corp. MTN, 4.000%, 1/22/25		1,051,807
	896,000	Bank of Montreal (Canada), 3.803%, 12/15/32		908,643
	972,000	Bank of New York Mellon Corp. (The) MTN, 2.950%, 1/29/23		992,350
	917,000	Barclays PLC (United Kingdom), 4.610%, 2/15/23		948,800
	665,000	Citigroup, Inc., 3.200%, 10/21/26		678,196
	426,000	Citigroup, Inc., 4.750%, 5/18/46		481,833
	649,000	Credit Suisse AG (Switzerland) MTN, 3.625%, 9/9/24		683,633
	468,000	GE Capital International Funding Co. Unlimited Co. (Ireland), 4.418%, 11/15/35		463,206
	928,000	Goldman Sachs Group, Inc. (The), (3M LIBOR +1.000%), 3.581%, 7/24/23^(A)		929,580
	525,000	Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28		542,203
	710,000	Goldman Sachs Group, Inc. (The), 5.250%, 7/27/21		750,437
	719,000	HSBC Holdings PLC (United Kingdom), 3.900%, 5/25/26		751,034
	954,000	Huntington Bancshares, Inc., 4.000%, 5/15/25		1,017,814
	505,000	JPMorgan Chase & Co., 3.250%, 9/23/22		518,802
	630,000	JPMorgan Chase & Co., (3M LIBOR +0.730%), 3.322%, 4/23/24^(A)		628,323
	961,000	JPMorgan Chase & Co., 3.509%, 1/23/29		999,090
	923,000	Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28		923,948
	955,000	Morgan Stanley, 3.950%, 4/23/27		998,905
	982,000	New York Life Global Funding, 144a, 3.000%, 1/10/28		1,004,280
	629,000	Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47		649,331
	952,000	PNC Capital Trust C, (3M LIBOR +0.570%), 3.090%, 6/1/28^(A)		857,637
	880,000	SunTrust Banks, Inc., 4.000%, 5/1/25		942,285
	1,828,000	SunTrust Capital I, Ser A, (3M LIBOR +0.670%), 3.190%, 5/15/27^(A)		1,677,190
	550,000	Wells Fargo & Co., 2.100%, 7/26/21		547,018
	535,000	Wells Fargo & Co., 4.125%, 8/15/23		565,012

				23,608,050

		Energy — 4.4%
	962,000	Boardwalk Pipelines LP, 4.450%, 7/15/27		983,649


Principal Amount			Market Value
		Energy — (Continued)
$	1,051,000	Buckeye Partners LP, 3.950%, 12/1/26	$	931,433
	615,000	Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38		759,347
	993,000	Cenovus Energy, Inc. (Canada), 4.250%, 4/15/27		1,028,623
	790,000	Cheniere Corpus Christi Holdings LLC, 7.000%, 6/30/24		908,579
	350,000	CNOOC Nexen Finance 2014 ULC (Canada), 4.250%, 4/30/24		371,437
	696,000	Columbia Pipeline Group, Inc., 4.500%, 6/1/25		749,041
	890,000	Energy Transfer Partners LP, 4.950%, 6/15/28		973,054
	500,000	KazMunayGas National Co. JSC (Kazakhstan), 144a, 4.750%, 4/19/27		536,194
	400,000	KazMunayGas National Co. JSC (Kazakhstan), 144a, 5.750%, 4/19/47		452,420
	1,292,000	Midcontinent Express Pipeline LLC, 144a, 6.700%, 9/15/19		1,298,011
	701,000	NGPL PipeCo LLC, 144a, 7.768%, 12/15/37		890,270
	200,000	Pertamina Persero PT (Indonesia), 144a, 6.450%, 5/30/44		244,746
	200,000	Petrobras Global Finance BV (Netherlands), 5.999%, 1/27/28		212,600
	200,000	Petrobras Global Finance BV (Netherlands), 6.900%, 3/19/49		213,000
	550,000	Petrobras Global Finance BV (Netherlands), 7.375%, 1/17/27		629,200
	200,000	Petroleos del Peru SA (Peru), 144a, 4.750%, 6/19/32		218,760
	200,000	Petroleos del Peru SA (Peru), 144a, 5.625%, 6/19/47		227,500
	675,000	Petroleos Mexicanos (Mexico), 4.500%, 1/23/26		619,772
	200,000	Petroleos Mexicanos (Mexico), 4.875%, 1/18/24		195,490
	450,000	Petroleos Mexicanos (Mexico), 5.500%, 1/21/21		455,175
	265,000	Petroleos Mexicanos (Mexico), 6.350%, 2/12/48		227,503
	200,000	Petroleos Mexicanos (Mexico), 6.375%, 1/23/45		172,000
	200,000	Saudi Arabian Oil Co. (Saudi Arabia), 144a, 4.250%, 4/16/39		202,474
	706,000	Woodside Finance Ltd. (Australia), 144a, 4.500%, 3/4/29		746,025
	350,000	YPF SA (Argentina), 144a, 6.950%, 7/21/27		317,520

				14,563,823

		Industrials — 3.0%
	954,000	Avolon Holdings Funding Ltd. (Cayman Islands), 144a, 3.625%, 5/1/22		966,974

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 29.3% (Continued)
		Industrials — (Continued)
$	776,000	Burlington Northern Santa Fe LLC, 5.750%, 5/1/40	$	1,022,839
	300,000	Cemex SAB de CV (Mexico), 144a, 7.750%, 4/16/26		330,003
	1,021,000	CRH America Finance, Inc., 144a, 4.500%, 4/4/48		1,006,882
	1,420,000	Eagle Materials, Inc., 4.500%, 8/1/26		1,450,038
	369,000	Embraer Netherlands Finance BV (Netherlands), 5.050%, 6/15/25		398,062
	363,000	Embraer Netherlands Finance BV (Netherlands), 5.400%, 2/1/27		402,571
	893,000	FedEx Corp., 5.100%, 1/15/44		982,472
	644,000	Norfolk Southern Corp., 4.837%, 10/1/41		745,756
	946,000	Parker-Hannifin Corp., 4.000%, 6/14/49		1,000,950
	375,000	Transnet SOC Ltd. (South Africa), 144a, 4.000%, 7/26/22		374,790
	280,000	Vulcan Materials Co., 4.500%, 4/1/25		298,478
	852,000	Wabtec Corp., 4.950%, 9/15/28		913,531

				9,893,346

		Consumer Staples — 2.5%
	1,063,000	Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide, Inc., 4.900%, 2/1/46		1,183,578
	1,267,000	Ashtead Capital, Inc., 144a, 4.375%, 8/15/27		1,268,584
	873,000	Grupo Bimbo SAB de CV (Mexico), 144a, 4.500%, 1/25/22		903,255
	1,018,000	Imperial Brands Finance PLC (United Kingdom), 144a, 4.250%, 7/21/25		1,068,255
	200,000	JBS USA LUX SA / JBS USA Finance, Inc., 144a, 6.750%, 2/15/28		217,250
	814,000	Kraft Heinz Foods Co., 6.875%, 1/26/39		977,570
	717,000	Kroger Co. (The), 5.000%, 4/15/42		746,802
	920,000	Mars, Inc., 144a, 3.875%, 4/1/39		974,167
	740,000	Reynolds American, Inc., 4.450%, 6/12/25		784,696

				8,124,157

		Communication Services — 2.4%
	801,000	Activision Blizzard, Inc., 4.500%, 6/15/47		829,724
	305,000	AT&T, Inc., 4.350%, 6/15/45		304,901
	604,000	AT&T, Inc., 4.500%, 5/15/35		632,271
	628,000	Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45		739,978
	507,000	Comcast Corp., 4.000%, 3/1/48		536,312
	648,000	Comcast Corp., 4.150%, 10/15/28		714,193
	631,000	Cox Communications, Inc., 144a, 3.350%, 9/15/26		637,181


Principal Amount			Market Value
		Communication Services — (Continued)
$	338,000	Deutsche Telekom International Finance BV (Netherlands), 8.750%, 6/15/30	$	486,711
	928,000	Tencent Holdings Ltd. (Cayman Islands), 144a, 3.975%, 4/11/29		969,681
	617,000	Verizon Communications, Inc., 5.012%, 4/15/49		734,841
	1,303,000	Warner Media LLC, 3.800%, 2/15/27		1,302,134

				7,887,927

		Health Care — 2.1%
	800,000	AbbVie, Inc., 4.450%, 5/14/46		785,673
	569,000	Allergan Funding SCS (Luxembourg), 3.800%, 3/15/25		590,493
	662,000	Allergan Sales LLC, 144a, 5.000%, 12/15/21		692,271
	639,000	Celgene Corp., 5.000%, 8/15/45		758,353
	670,000	Cigna Corp., 144a, 4.375%, 10/15/28		722,840
	380,000	CommonSpirit Health, 4.200%, 8/1/23		400,899
	1,016,000	CVS Health Corp., 4.300%, 3/25/28		1,071,350
	477,000	CVS Health Corp., 5.125%, 7/20/45		508,680
	1,016,000	Express Scripts Holding Co., 3.300%, 2/25/21		1,029,489
	426,000	Shire Acquisitions Investments Ireland DAC (Ireland), 2.400%, 9/23/21		425,477

				6,985,525

		Real Estate — 2.0%
	881,000	Boston Properties LP REIT, 3.200%, 1/15/25		899,351
	902,000	Crown Castle International Corp. REIT, 3.650%, 9/1/27		928,873
	453,000	Mid-America Apartments LP REIT, 3.750%, 6/15/24		471,458
	691,000	Sabra Health Care LP REIT, 5.125%, 8/15/26		719,296
	880,000	SL Green Operating Partnership LP REIT, 3.250%, 10/15/22		891,747
	821,000	Spirit Realty LP REIT, 4.450%, 9/15/26		859,665
	1,087,000	VEREIT Operating Partnership LP REIT, 4.600%, 2/6/24		1,154,246
	671,000	Welltower, Inc. REIT, 4.250%, 4/1/26		715,081

				6,639,717

		Utilities — 1.8%
	313,000	American Water Capital Corp., 6.593%, 10/15/37		428,121
	712,000	Duke Energy Progress LLC, 4.150%, 12/1/44		770,664
	875,000	Electricite de France SA (France), 144a, 4.500%, 9/21/28		959,592
	200,000	Genneia SA (Argentina), 144a, 8.750%, 1/20/22		186,000
	700,000	NextEra Energy Capital Holdings, Inc., 5.650%, 5/1/79		722,041

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 29.3% (Continued)
		Utilities — (Continued)
$	656,000	Oncor Electric Delivery Co. LLC, 3.800%, 9/30/47	$	686,038
	853,000	PacifiCorp., 5.750%, 4/1/37		1,091,774
	1,347,000	WEC Energy Group, Inc., (3M LIBOR +2.113%), 4.631%, 5/15/67^(A)		1,111,275

				5,955,505

		Information Technology — 1.8%
	779,000	Apple, Inc., 2.750%, 1/13/25		796,387
	629,000	Apple, Inc., 4.650%, 2/23/46		746,047
	1,300,000	Broadcom, Inc., 144a, 3.125%, 4/15/21		1,308,418
	855,000	International Business Machines Corp., 2.800%, 5/13/21		865,294
	462,000	Microsoft Corp., 3.500%, 2/12/35		492,953
	852,000	NXP BV / NXP Funding LLC (Netherlands), 144a, 5.350%, 3/1/26		943,513
	624,000	Visa, Inc., 4.150%, 12/14/35		717,114

				5,869,726

		Consumer Discretionary — 1.5%
	718,000	AutoNation, Inc., 5.500%, 2/1/20		728,408
	906,000	Dollar General Corp., 3.250%, 4/15/23		930,646
	833,000	Ford Motor Credit Co. LLC, 5.584%, 3/18/24		894,124
	555,000	General Motors Financial Co., Inc., 4.350%, 4/9/25		572,530
	557,000	Home Depot, Inc. (The), 5.950%, 4/1/41		755,154
	909,000	Walmart, Inc., 2.850%, 7/8/24		939,136

				4,819,998

		Materials — 0.6%
	667,000	Braskem America Finance Co., 144a, 7.125%, 7/22/41		786,193
	200,000	Braskem Netherlands Finance BV (Netherlands), 144a, 4.500%, 1/10/28		202,300
	200,000	Corp. Nacional del Cobre de Chile (Chile), 144a, 4.500%, 9/16/25		217,006
	789,000	Sherwin-Williams Co. (The), 4.500%, 6/1/47		841,544

				2,047,043

		Total Corporate Bonds	$	96,394,817

		U.S. Treasury Obligations — 26.4%
	600,000	U.S. Treasury Bond, 2.875%, 5/15/49		643,687
	255,000	U.S. Treasury Bond, 3.000%, 8/15/48		279,663
	12,455,000	U.S. Treasury Bond, 3.000%, 2/15/49		13,679,093
	20,403,130	U.S. Treasury Inflation Indexed Bonds, 0.875%, 1/15/29		21,475,540
	973,000	U.S. Treasury Note, 2.125%, 5/31/26		989,267
	17,020,000	U.S. Treasury Note, 2.250%, 4/30/21		17,162,941
	554,000	U.S. Treasury Note, 2.375%, 5/15/29		572,503
	18,042,000	U.S. Treasury Note, 2.500%, 3/31/23		18,545,203
	13,005,000	U.S. Treasury Note, 2.625%, 2/15/29		13,714,179

		Total U.S. Treasury Obligations	$	87,062,076


Principal Amount			Market Value
		U.S. Government Mortgage-Backed Obligations — 12.0%
$	87,998	FHLMC, Pool #1H1348, (1 Year CMT Rate +2.140%), 4.407%, 10/1/36^(A)	$	92,440
	171,966	FHLMC, Pool #1Q0339, (12M LIBOR +1.911%), 4.871%, 4/1/37^(A)		178,712
	16,450	FHLMC, Pool #A12886, 5.000%, 8/1/33		17,873
	56,320	FHLMC, Pool #A13842, 6.000%, 9/1/33		61,717
	10,574	FHLMC, Pool #A21415, 5.000%, 5/1/34		11,559
	20,246	FHLMC, Pool #A35682, 5.000%, 7/1/35		21,669
	12,062	FHLMC, Pool #A36523, 5.000%, 8/1/35		13,189
	63,838	FHLMC, Pool #A46590, 5.000%, 8/1/35		67,516
	6,315	FHLMC, Pool #A64971, 5.500%, 8/1/37		6,959
	3,349,084	FHLMC, Pool #A89148, 4.000%, 10/1/39		3,533,832
	111,576	FHLMC, Pool #A96485, 4.500%, 1/1/41		119,915
	594,612	FHLMC, Pool #A97897, 4.500%, 4/1/41		645,434
	18,298	FHLMC, Pool #C62740, 7.000%, 1/1/32		20,335
	17,760	FHLMC, Pool #C72254, 6.500%, 7/1/32		19,850
	60,716	FHLMC, Pool #C90986, 7.000%, 6/1/26		64,803
	18,819	FHLMC, Pool #G02184, 5.000%, 4/1/36		20,588
	3,274,548	FHLMC, Pool #G05624, 4.500%, 9/1/39		3,518,516
	306,532	FHLMC, Pool #G05733, 5.000%, 11/1/39		333,268
	149,944	FHLMC, Pool #J13584, 3.500%, 11/1/25		156,076
	5,239,753	FHLMC, Pool #Q32917, 3.000%, 4/1/45		5,345,969
	56,679	FNMA, Pool #255628, 5.500%, 2/1/25		60,415
	12,793	FNMA, Pool #426830, 8.000%, 11/1/24		12,925
	8,331	FNMA, Pool #540040, 7.500%, 6/1/28		8,339
	14,516	FNMA, Pool #561741, 7.500%, 1/1/31		16,426
	30,568	FNMA, Pool #640291, 7.000%, 8/1/32		30,983
	30,040	FNMA, Pool #653301, 6.500%, 7/1/32		33,320
	56,798	FNMA, Pool #653502, 6.500%, 7/1/32		63,000
	30,794	FNMA, Pool #670402, 6.500%, 6/1/32		35,357
	3,852	FNMA, Pool #725906, (12M LIBOR +1.554%), 4.304%, 8/1/34^(A)		4,040
	163,484	FNMA, Pool #745257, 6.000%, 1/1/36		185,179
	1,503	FNMA, Pool #745974, (12M LIBOR +1.876%), 4.707%, 10/1/36^(A)		1,588
	66,675	FNMA, Pool #748895, 6.000%, 12/1/33		70,123
	57,866	FNMA, Pool #758564, 6.000%, 9/1/24		63,342
	62,375	FNMA, Pool #810049, 5.500%, 3/1/35		66,479
	113,669	FNMA, Pool #819297, 6.000%, 9/1/35		128,750
	796,283	FNMA, Pool #881279, 5.000%, 11/1/36		864,955
	33,115	FNMA, Pool #889060, 6.000%, 1/1/38		37,498
	79,336	FNMA, Pool #889061, 6.000%, 1/1/38		91,145
	7,936	FNMA, Pool #895657, 6.500%, 8/1/36		8,748
	149,201	FNMA, Pool #905049, 5.500%, 11/1/36		159,455
	45,221	FNMA, Pool #908944, 5.500%, 1/1/37		48,196
	508,391	FNMA, Pool #928553, 5.500%, 8/1/37		569,282
	1,211,663	FNMA, Pool #931535, 5.500%, 7/1/39		1,342,937
	223,375	FNMA, Pool #AA3467, 4.500%, 4/1/39		239,791
	353,471	FNMA, Pool #AA4584, 4.500%, 4/1/39		379,495
	87,059	FNMA, Pool #AB1800, 4.000%, 11/1/40		91,815
	231,046	FNMA, Pool #AB2452, 4.000%, 3/1/26		241,487
	3,192,286	FNMA, Pool #AB7845, 3.000%, 2/1/43		3,259,127
	72,588	FNMA, Pool #AD3775, 4.500%, 3/1/25		75,953

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		U.S. Government Mortgage-Backed Obligations — 12.0% (Continued)
$	102,022	FNMA, Pool #AD6193, 5.000%, 6/1/40	$	110,868
	163,649	FNMA, Pool #AE1568, 4.000%, 9/1/40		172,590
	531,542	FNMA, Pool #AE2497, 4.500%, 9/1/40		574,875
	66,442	FNMA, Pool #AE5441, 5.000%, 10/1/40		72,204
	274,217	FNMA, Pool #AH1135, 5.000%, 1/1/41		298,000
	330,358	FNMA, Pool #AH3483, 3.500%, 2/1/26		344,508
	132,913	FNMA, Pool #AH3671, 4.000%, 2/1/26		139,360
	479,712	FNMA, Pool #AH6622, 4.000%, 3/1/41		511,044
	606,189	FNMA, Pool #AL0150, 4.000%, 2/1/41		639,312
	127,532	FNMA, Pool #AL0211, 5.000%, 4/1/41		138,592
	4,960,222	FNMA, Pool #AL5718, 3.500%, 9/1/44		5,165,202
	715,364	FNMA, Pool #AS0779, 4.000%, 10/1/43		761,907
	63,541	FNMA, Pool #AS7813, 4.000%, 8/1/46		66,538
	3,765,163	FNMA, Pool #AS8703, 2.500%, 2/1/32		3,795,408
	917,472	FNMA, Pool #AS8855, 3.500%, 2/1/37		945,126
	976,113	FNMA, Pool #BH6180, 4.000%, 7/1/47		1,017,285
	606,517	FNMA, Pool #MA2832, 3.000%, 12/1/36		617,697
	1,533,568	GNMA, Pool #4424, 5.000%, 4/20/39		1,687,251

		Total U.S. Government Mortgage-Backed Obligations	$	39,498,137

		Asset-Backed Securities — 11.3%
	2,231,210	Adams Outdoor Advertising LP, Ser 2018-1, Class A, 144a, 4.810%, 11/15/48		2,373,931
	1,450,000	Apidos CLO XVIII (Cayman Islands), Ser 2018-18A, Class A1, 144a, (3M LIBOR +1.140%), 3.732%, 10/22/30^(A)		1,449,208
	2,400,000	Avis Budget Rental Car Funding AESOP LLC, Ser 2015-2A, Class B, 144a, 3.420%, 12/20/21		2,416,971
	825,000	BSPRT Issuer Ltd. (Cayman Islands), Ser 2018-FL4, Class D, 144a, (1M LIBOR +2.750%), 5.144%, 9/15/35^(A)		827,582
	2,816	CIT Home Equity Loan Trust, Ser 2002-1, Class AF5, 7.140%, 2/25/33^(A)(B)		2,924
	2,940,000	Coinstar Funding LLC, Ser 2017-1A, Class A2, 144a, 5.216%, 4/25/47		3,010,200
	184,707	FFMLT Trust, Ser 2005-FFA, Class M3, 6.017%, 3/25/25^(A)(B)		190,146
	1,100,000	Hertz Vehicle Financing II LP, Ser 2015-1A, Class B, 144a, 3.520%, 3/25/21		1,106,051
	3,350,000	Hertz Vehicle Financing II LP, Ser 2016-4A, Class A, 144a, 2.650%, 7/25/22		3,351,635
	2,000,000	Hertz Vehicle Financing II LP, Ser 2019-1A, Class A, 144a, 3.710%, 3/25/23		2,052,672
	1,650,000	Jack In The Box Funding LLC, Ser 2019-1A, Class A2I, 144a, 3.982%, 8/25/49		1,650,000


Principal Amount			Market Value
		Asset-Backed Securities — 11.3% (Continued)
$	1,684,988	Jimmy Johns Funding LLC, Ser 2017-1A, Class A2I, 144a, 3.610%, 7/30/47	$	1,701,635
	1,450,000	Kabbage Funding LLC, Ser 2019-1, Class A, 144a, 3.825%, 3/15/24		1,470,443
	1,505,000	Madison Park Funding XXXV Ltd. (Cayman Islands), Ser 2019-35A, Class A2A, 144a, (3M LIBOR +1.650%), 4.174%, 4/20/31^(A)		1,504,932
	1,161,046	Mid-State Capital Corp. Trust, Ser 2005-1, Class M2, 7.079%, 1/15/40		1,309,317
	228,690	Orange Lake Timeshare Trust, Ser 2016-A, Class A, 144a, 2.610%, 3/8/29		229,408
	755	RASC Trust, Ser 2001-KS3, Class AI6, 5.960%, 9/25/31^(A)(B)		785
	293,779	Sonic Capital LLC, Ser 2016-1A, Class A2, 144a, 4.472%, 5/20/46		298,254
	3,100,000	Tesla Auto Lease Trust, Ser 2018-B, Class C, 144a, 4.360%, 10/20/21		3,178,445
	700,000	Towd Point Mortgage Trust, Ser 2015-3, Class A2, 144a, 4.000%, 3/25/54^(A)(B)		724,324
	2,848,419	Towd Point Mortgage Trust, Ser 2019-1, Class A1, 144a, 3.750%, 3/25/58^(A)(B)		2,974,540
	600,000	Voya CLO Ltd. (Cayman Islands), Ser 2017-4A, Class A1, 144a, (3M LIBOR +1.130%), 3.727%, 10/15/30^(A)		598,187
	1,505,000	Voya CLO Ltd. (Cayman Islands), Ser 2019-2A, Class A, 144a, (3M LIBOR +1.270%), 0.000%, 7/20/32^(A)		1,505,000
	3,275,125	Wendys Funding LLC, Ser 2018-1A, Class A2I, 144a, 3.573%, 3/15/48		3,293,924

		Total Asset-Backed Securities	$	37,220,514

		Non-Agency Collateralized Mortgage Obligations — 8.5%
	3,007	Adjustable Rate Mortgage Trust, Ser 2004-4, Class 3A1, 4.254%, 3/25/35^(A)(B)		3,046
	2,108,341	Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.764%, 10/25/45^(A)(B)		2,192,312
	3,285,726	Agate Bay Mortgage Trust, Ser 2015-7, Class B2, 144a, 3.764%, 10/25/45^(A)(B)		3,425,959
	64,625	Alternative Loan Trust, Ser 2004-30CB, Class 3A1, 5.000%, 2/25/20		63,004
	4,873	Alternative Loan Trust, Ser 2005-J3, Class 3A1, 6.500%, 9/25/34		4,660
	25,698	CSFB Mortgage-Backed Trust, Ser 2004-7, Class 6A1, 5.250%, 10/25/19		25,761
	1,487,015	CSMC Trust, Ser 2013-7, Class B3, 144a, 3.576%, 8/25/43^(A)(B)		1,511,470
	2,109,676	CSMC Trust, Ser 2015-1, Class B3, 144a, 3.942%, 1/25/45^(A)(B)		2,129,383

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Non-Agency Collateralized Mortgage Obligations — 8.5% (Continued)
$	2,141,971	CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.862%, 12/25/44^(A)(B)	$	2,194,635
	1,344,507	CSMC Trust, Ser 2018-RPL9, Class A, 144a, 3.850%, 9/25/57^(A)(B)		1,389,696
	540,464	Galton Funding Mortgage Trust, Ser 2019-1, Class A22, 144a, 4.000%, 2/25/59^(A)(B)		551,837
	60,945	JP Morgan Mortgage Trust, Ser 2005-A1, Class 2A1, 4.640%, 2/25/35^(A)(B)		62,520
	152,098	JP Morgan Mortgage Trust, Ser 2005-A2, Class 7CB1, 4.451%, 4/25/35^(A)(B)		154,645
	37,495	JP Morgan Mortgage Trust, Ser 2006-A4, Class 2A2, 4.346%, 6/25/36^(A)(B)		34,305
	26,632	MASTR Alternative Loans Trust, Ser 2004-7, Class 10A1, 6.000%, 6/25/34		27,419
	1,980,475	PMT Loan Trust, Ser 2013-J1, Class A11, 144a, 3.500%, 9/25/43^(A)(B)		2,008,936
	2,880,691	PMT Loan Trust, Ser 2013-J1, Class A7, 144a, 3.500%, 9/25/43^(A)(B)		2,933,980
	171,346	Residential Asset Securitization Trust, Ser 2006-A1, Class 1A3, 6.000%, 4/25/36		125,127
	293,144	Sequoia Mortgage Trust, Ser 2013-1, Class B1, 3.647%, 2/25/43^(A)(B)		300,689
	343,712	Sequoia Mortgage Trust, Ser 2013-1, Class B2, 3.647%, 2/25/43^(A)(B)		352,002
	543,498	Sequoia Mortgage Trust, Ser 2013-10, Class B2, 144a, 3.565%, 8/25/43^(A)(B)		556,664
	529,217	Sequoia Mortgage Trust, Ser 2013-5, Class B1, 144a, 3.509%, 5/25/43^(A)(B)		541,307
	1,118,885	Sequoia Mortgage Trust, Ser 2014-2, Class B2, 144a, 4.081%, 7/25/44^(A)(B)		1,159,576
	3,122,946	Sequoia Mortgage Trust, Ser 2017-1, Class A4, 144a, 3.500%, 2/25/47^(A)(B)		3,176,623
	3,058,768	Sequoia Mortgage Trust, Ser 2017-2, Class A1, 144a, 3.500%, 2/25/47^(A)(B)		3,073,954
	83,889	Washington Mutual Alternative Mortgage Pass-Through Certificates, Ser 2005-9, Class 2A4, 5.500%, 11/25/35		83,588
	78,325	Wells Fargo Mortgage Backed Securities Trust, Ser 2003-G, Class A1, 4.554%, 6/25/33^(A)(B)		80,611

		Total Non-Agency Collateralized Mortgage Obligations	$	28,163,709

		Sovereign Government Obligations — 4.9%
	575,000	Angolan Government International Bond, 144a, 8.250%, 5/9/28		615,319
	250,000	Argentine Republic Government International Bond, 7.125%, 6/28/17		186,878
	400,000	Colombia Government International Bond, 4.000%, 2/26/24		418,800


Principal Amount			Market Value
		Sovereign Government Obligations — 4.9% (Continued)
$	521,000	Colombia Government International Bond, 5.000%, 6/15/45	$	574,924
	250,000	Colombia Government International Bond, 6.125%, 1/18/41		309,378
	200,000	Costa Rica Government International Bond, 144a, 4.375%, 4/30/25		191,502
	200,000	Costa Rica Government International Bond, 144a, 5.625%, 4/30/43		172,752
	300,000	Croatia Government International Bond, 144a, 5.500%, 4/4/23		331,800
	200,000	Dominican Republic International Bond, 144a, 5.875%, 4/18/24		213,780
	150,000	Dominican Republic International Bond, 144a, 5.950%, 1/25/27		161,625
	100,000	Dominican Republic International Bond, 144a, 6.850%, 1/27/45		109,376
	200,000	Ecuador Government International Bond, 144a, 7.875%, 1/23/28		197,752
	300,000	Ecuador Government International Bond, 144a, 10.500%, 3/24/20		312,753
	350,000	Egypt Government International Bond, 144a, 6.125%, 1/31/22		360,826
	200,000	Egypt Government International Bond, 144a, 7.500%, 1/31/27		213,178
	200,000	Egypt Government International Bond, 144a, 8.500%, 1/31/47		211,744
	200,000	El Salvador Government International Bond, 144a, 6.375%, 1/18/27		199,502
	200,000	Ghana Government International Bond, 144a, 8.950%, 3/26/51		207,041
	750,000	Hungary Government International Bond, 5.375%, 3/25/24		845,475
	300,000	Indonesia Government International Bond, 144a, 3.850%, 7/18/27		309,895
	200,000	Ivory Coast Government International Bond, 144a, 6.375%, 3/3/28		197,895
	150,000	Jamaica Government International Bond, 8.000%, 3/15/39		185,252
	200,000	Kenya Government International Bond, 144a, 7.250%, 2/28/28		207,093
	200,000	Lebanese Republic Government International Bond MTN, 6.650%, 2/26/30		153,915
	200,000	Mexico Government International Bond, 4.125%, 1/21/26		209,500
	200,000	Mexico Government International Bond, 4.350%, 1/15/47		198,252
	200,000	Mongolia Government International Bond, 144a, 5.625%, 5/1/23		203,565
	200,000	Nigeria Government International Bond, 5.625%, 6/27/22		206,600
	200,000	Nigeria Government International Bond, 144a, 6.375%, 7/12/23		211,500

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Sovereign Government Obligations — 4.9% (Continued)
$	400,000	Nigeria Government International Bond, 144a, 7.875%, 2/16/32	$	417,854
	250,000	Oman Government International Bond, 144a, 4.125%, 1/17/23		242,769
	200,000	Oman Government International Bond, 144a, 5.375%, 3/8/27		187,764
	300,000	Pakistan Government International Bond, 144a, 7.875%, 3/31/36		301,560
	200,000	Panama Government International Bond, 3.750%, 3/16/25		210,802
	200,000	Panama Government International Bond, 4.500%, 4/16/50		224,252
	200,000	Papua New Guinea Government International Bond, 144a, 8.375%, 10/4/28		213,000
	200,000	Paraguay Government International Bond, 144a, 4.625%, 1/25/23		210,002
	300,000	Perusahaan Penerbit SBSN Indonesia III, 144a, 4.350%, 9/10/24		316,203
	1,333,000	Province of Ontario Canada, 1.875%, 5/21/20		1,329,883
	300,000	Province of Santa Fe, 144a, 7.000%, 3/23/23		258,000
	200,000	Qatar Government International Bond, 144a, 4.000%, 3/14/29		215,500
	200,000	Republic of Armenia International Bond, 144a, 6.000%, 9/30/20		205,664
	500,000	Republic of Azerbaijan International Bond, 144a, 4.750%, 3/18/24		525,510
	200,000	Republic of Belarus International Bond, 144a, 6.875%, 2/28/23		215,088
	300,000	Republic of Poland Government International Bond, 3.250%, 4/6/26		317,100
	200,000	Republic of Poland Government International Bond, 4.000%, 1/22/24		215,194
	300,000	Republic of South Africa Government International Bond, 4.850%, 9/27/27		309,000
	250,000	Romanian Government International Bond, 144a, 4.375%, 8/22/23		264,875
	375,000	Sri Lanka Government International Bond, 144a, 6.125%, 6/3/25		365,552
	350,000	Turkey Government International Bond, 4.875%, 4/16/43		272,285
	400,000	Turkey Government International Bond, 5.125%, 3/25/22		394,044
	200,000	Ukraine Government International Bond, 7.750%, 9/1/26		205,926
	200,000	Ukraine Government International Bond, 144a, 7.375%, 9/25/32		196,440
	375,000	Ukraine Government International Bond, 144a, 7.750%, 9/1/21		391,395
	200,000	Uruguay Government International Bond, 4.375%, 1/23/31		216,400

		Total Sovereign Government Obligations	$	16,139,934


Principal Amount			Market Value
		Agency Collateralized Mortgage Obligations — 4.1%
$	4,558,589	FHLMC REMIC, Ser 3331 Class PE, 6.000%, 6/15/37	$	5,067,727
	1,312,767	FHLMC REMIC, Ser 3859 Class JB, 5.000%, 5/15/41		1,441,733
	775,000	FHLMC REMIC, Ser 4092, Class AY, 3.000%, 8/15/32		793,523
	166,336	FHLMC Structured Pass Through Securities, Ser T-20, Class A5, 7.870%, 12/25/29^(A)(B)		196,496
	239,738	FNMA REMIC, Ser 2003-32, Class BZ, 6.000%, 11/25/32		270,438
	1,397,524	FNMA REMIC, Ser 2012-47, Class AI, 3.000%, 5/25/22^(C)		45,247
	79,809	FNMA REMIC, Ser 2015-51, Class KC, 3.000%, 6/25/45		81,888
	815,100	FNMA REMIC, Ser 2017-90, Class KA, 3.000%, 11/25/47		843,836
	22,934	FNMA REMIC Trust, Ser 2001-W2, Class AF6, 6.589%, 10/25/31^(A)(B)		24,479
	92,557	FNMA Trust, Ser 2004-W15, Class 2AF, (1M LIBOR +0.250%), 2.654%, 8/25/44^(A)		92,015
	2,545,940	GNMA, Ser 2010-169, Class AW, 4.500%, 12/20/40		2,699,460
	7,840,723	GNMA, Ser 2012-147, Class IO, 0.561%, 4/16/54^(A)(B)(C)		267,082
	4,276,495	GNMA, Ser 2016-113, Class IO, 1.177%, 2/16/58^(A)(B)(C)		395,200
	17,084,929	GNMA, Ser 2016-140, Class IO, 0.934%, 5/16/58^(A)(B)(C)		1,189,518
	82,347	GNMA, Ser 2017-120, Class UZ, 4.000%, 8/20/47		81,921

		Total Agency Collateralized Mortgage Obligations	$	13,490,563

		Commercial Mortgage-Backed Securities — 2.2%
	580,000	DBUBS Mortgage Trust, Ser 2017-BRBK, Class B, 144a, 3.648%, 10/10/34^(A)(B)		604,266
	550,000	Eleven Madison Trust Mortgage Trust, Ser 2015-11MD, Class C, 144a, 3.673%, 9/10/35^(A)(B)		569,245
	595,000	GS Mortgage Securities Corp. II, Ser 2017-SLP, Class B, 144a, 3.772%, 10/10/32		612,709
	1,750,000	GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.659%, 1/10/43^(A)(B)		1,803,642
	3,000,000	Hudson Yards 2016-10HY Mortgage Trust, Ser 2016-10HY, Class A, 144a, 2.835%, 8/10/38		3,039,793

Touchstone Active Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Commercial Mortgage-Backed Securities — 2.2% (Continued)
$	528,000	JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2016-NINE, Class B, 144a, 2.949%, 10/6/38^(A)(B)	$	524,010

		Total Commercial Mortgage-Backed Securities	$	7,153,665


Shares
		Short-Term Investment Fund — 1.1%
	3,733,512	Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W	$	3,733,512

		Total Investment Securities —99.8% (Cost $321,207,862)	$	328,856,927
		Other Assets in Excess of Liabilities — 0.2%		754,166

		Net Assets — 100.0%	$	329,611,093

^(A)

Variable rate security - Rate reflected is the rate in effect as of June 30, 2019.

^(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.

^(C)

Interest only security - This type of security represents the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the “interest only” holding.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

CLO - Collateralized Loan Obligation

CMT - Constant Maturity Treasury

DAC - Designated Activity Company

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

GNMA - Government National Mortgage Association

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

MTN - Medium Term Note

PLC - Public Limited Company

REIT - Real Estate Investment Trust

REMIC - 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 June 30, 2019, these securities were valued at $100,396,099 or 30.5% 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

Assets:

Corporate Bonds

—

96,394,817

—

96,394,817

U.S. Treasury Obligations

—

87,062,076

—

87,062,076

U.S. Government Mortgage-Backed Obligations

—

39,498,137

—

39,498,137

Asset-Backed Securities

—

37,220,514

—

37,220,514

Non-Agency Collateralized Mortgage Obligations

—

28,163,709

—

28,163,709

Sovereign Government Obligations

—

16,139,934

—

16,139,934

Agency Collateralized Mortgage Obligations

—

13,490,563

—

13,490,563

Commercial Mortgage-Backed Securities

—

7,153,665

—

7,153,665

Short-Term Investment Fund

3,733,512

—

3,733,512

Total Assets

3,733,512

325,123,415

—

328,856,927

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Anti-Benchmark^® International Core Equity Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 98.6%
Japan — 24.3%
Communication Services — 4.2%
DeNA Co. Ltd.		3,000	$	57,518
Fuji Media Holdings, Inc.		20,600		287,735
KDDI Corp.		21,200		539,470
Nippon Telegraph & Telephone Corp.		6,400		298,174
NTT DOCOMO, Inc.		15,000		349,979

Consumer Discretionary — 9.5%
ABC-Mart, Inc.		8,300		541,299
Bandai Namco Holdings, Inc.		9,500		460,984
Fast Retailing Co. Ltd.		300		181,590
K’s Holdings Corp.		37,600		355,035
Pan Pacific International Holdings Corp.		6,400		406,909
Shimamura Co. Ltd.		3,600		269,518
Skylark Holdings Co. Ltd.†		29,500		515,553
Suzuki Motor Corp.		7,100		334,028
Yamada Denki Co. Ltd.†		76,100		336,794
ZOZO, Inc.		2,700		50,671

Consumer Staples — 6.6%
Ain Holdings, Inc.		6,900		401,731
Coca-Cola Bottlers Japan Holdings, Inc.		4,000		101,456
Ezaki Glico Co. Ltd.		10,700		477,014
FamilyMart UNY Holdings Co. Ltd.		15,700		374,830
Lawson, Inc.		11,300		542,873
Lion Corp.		10,300		192,149
NH Foods Ltd.		5,200		222,949
Yamazaki Baking Co. Ltd.		6,800		102,957

Energy — 0.5%
Idemitsu Kosan Co. Ltd.		5,700		172,396

Health Care — 2.3%
Nihon Kohden Corp.		16,800		456,483
Olympus Corp.		10,900		121,305
Sumitomo Dainippon Pharma Co. Ltd.		14,100		268,431

Industrials — 0.7%
Hoshizaki Corp.		2,900		216,257
Yamato Holdings Co. Ltd.		2,600		52,997

Real Estate — 0.2%
Daito Trust Construction Co. Ltd.		500		63,765

Utilities — 0.3%
Kansai Electric Power Co., Inc. (The)		10,200		116,926

Total Japan				8,869,776

Hong Kong — 10.2%
Communication Services — 1.4%
PCCW Ltd.		871,000		502,634


	Shares		Market Value
Hong Kong — (Continued)
Consumer Discretionary — 1.1%
Yue Yuen Industrial Holdings Ltd.		142,000	$	389,006

Consumer Staples — 2.7%
Dairy Farm International Holdings Ltd.		51,300		366,795
Sun Art Retail Group Ltd.		338,000		320,317
WH Group Ltd., 144a		284,500		288,595

Industrials — 2.5%
Jardine Matheson Holdings Ltd.		8,300		523,066
Jardine Strategic Holdings Ltd.		10,200		389,204

Information Technology — 0.6%
ASM Pacific Technology Ltd.		22,800		233,755

Real Estate — 1.9%
Link REIT		44,000		541,438
Swire Properties Ltd.		38,600		156,049

Total Hong Kong				3,710,859

United Kingdom — 9.9%
Communication Services — 1.7%
Cineworld Group PLC		82,600		265,811
Pearson PLC		34,769		361,738

Consumer Discretionary — 1.8%
Compass Group PLC		11,539		276,520
Next PLC		5,387		377,235

Consumer Staples — 0.5%
J Sainsbury PLC		68,963		171,373

Financials — 1.1%
IG Group Holdings PLC		52,552		389,886

Industrials — 2.7%
Cobham PLC*		341,686		462,461
easyJet PLC		24,439		295,895
Royal Mail PLC		78,243		210,554

Information Technology — 0.7%
Micro Focus International PLC		10,416		273,941

Utilities — 1.4%
Centrica PLC		359,372		400,616
United Utilities Group PLC		11,542		114,888

Total United Kingdom				3,600,918

Touchstone Anti-Benchmark^® International Core Equity Fund (Unaudited) (Continued)


	Shares		Market Value
Common Stocks — 98.6% (Continued)
Australia — 8.1%
Communication Services — 0.5%
Telstra Corp. Ltd.		63,264	$	171,073

Consumer Discretionary — 1.1%
Domino’s Pizza Enterprises Ltd.		14,843		392,269

Consumer Staples — 0.3%
Metcash Ltd.		69,921		126,464

Financials — 0.5%
nib holdings Ltd.		33,496		180,625

Materials — 4.3%
Evolution Mining Ltd.		134,686		412,786
Fortescue Metals Group Ltd.		20,355		129,449
Newcrest Mining Ltd.		25,811		579,876
Northern Star Resources Ltd.		49,927		409,593
Saracen Mineral Holdings Ltd.*		18,704		48,421

Utilities — 1.4%
APA Group		65,574		497,268

Total Australia				2,947,824

Denmark — 7.6%
Consumer Discretionary — 0.8%
Pandora A/S		8,758		311,540

Consumer Staples — 0.9%
Royal Unibrew A/S		4,512		329,853

Health Care — 4.6%
Ambu A/S - Class B		10,404		169,130
Ascendis Pharma A/S ADR*		1,364		157,065
Coloplast A/S - Class B		1,115		126,038
Genmab A/S*		1,222		224,698
GN Store Nord A/S		2,485		116,168
H Lundbeck A/S		9,737		385,675
Novo Nordisk A/S - Class B		9,571		488,860

Industrials — 0.9%
Vestas Wind Systems A/S		3,810		330,074

Utilities — 0.4%
Orsted A/S, 144a		1,648		142,502

Total Denmark				2,781,603

Germany — 6.1%
Consumer Discretionary — 3.4%
adidas AG		1,764		544,587
Puma SE		5,978		398,678
Zalando SE, 144a*		6,855		304,154

Consumer Staples — 1.2%
METRO AG		25,278		462,054


	Shares		Market Value
Germany — (Continued)
Industrials — 0.9%
Deutsche Lufthansa AG		3,762	$	64,466
OSRAM Licht AG		7,862		259,707

Real Estate — 0.6%
Deutsche Wohnen SE		2,090		76,584
Vonovia SE		2,807		134,090

Total Germany				2,244,320

Ireland — 3.6%
Consumer Discretionary — 0.2%
Paddy Power Betfair PLC		780		58,720

Consumer Staples — 2.0%
Glanbia PLC		12,512		203,452
Kerry Group PLC - Class A		4,491		536,205

Financials — 0.9%
AIB Group PLC		83,201		340,210

Health Care — 0.2%
Amarin Corp. PLC ADR†		3,200		62,048

Materials — 0.3%
James Hardie Industries PLC		7,422		97,705

Total Ireland				1,298,340

France — 3.4%
Communication Services — 1.1%
Eutelsat Communications SA		22,196		414,930

Consumer Staples — 0.4%
Carrefour SA		8,061		155,641

Financials — 0.4%
SCOR SE		3,155		138,336

Industrials — 0.4%
Getlink SE		8,661		138,764

Information Technology — 1.1%
Ingenico Group SA		4,472		395,520

Total France				1,243,191

Sweden — 3.3%
Consumer Discretionary — 0.8%
Hennes & Mauritz AB		15,450		275,121

Consumer Staples — 1.5%
ICA Gruppen AB		12,739		547,634

Health Care — 0.2%
Elekta AB - Class B		5,956		86,581

Touchstone Anti-Benchmark^® International Core Equity Fund (Unaudited) (Continued)


	Shares		Market Value
Common Stocks — 98.6% (Continued)
Sweden — (Continued)
Information Technology — 0.8%
Telefonaktiebolaget LM Ericsson - Class B		30,999	$	294,234

Total Sweden				1,203,570

Netherlands — 2.9%
Consumer Staples — 1.4%
Koninklijke Ahold Delhaize NV		23,206		520,968

Energy — 0.4%
SBM Offshore NV		6,753		130,363

Industrials — 1.1%
Signify NV, 144a		13,347		394,599

Total Netherlands				1,045,930

Israel — 2.8%
Financials — 1.0%
Bank Leumi Le-Israel BM		49,930		360,896

Health Care — 0.4%
Teva Pharmaceutical Industries Ltd.*		14,573		133,585

Information Technology — 1.4%
Nice Ltd.*		3,802		520,477

Total Israel				1,014,958

Belgium — 2.5%
Consumer Staples — 1.2%
Colruyt SA		7,382		428,098

Health Care — 1.3%
UCB SA		5,973		495,697

Total Belgium				923,795

Italy — 2.3%
Consumer Discretionary — 0.7%
PRADA SpA		81,800		252,935

Financials — 0.9%
Unione di Banche Italiane SpA		127,300		347,561

Industrials — 0.7%
Atlantia SpA		9,938		259,147

Total Italy				859,643

Switzerland — 2.1%
Communication Services — 0.4%
Sunrise Communications Group AG, 144a		1,727		128,987


	Shares		Market Value
Switzerland — (Continued)
Consumer Staples — 1.4%
Chocoladefabriken Lindt & Spruengli AG		49	$	356,633
Chocoladefabriken Lindt & Spruengli AG		2		162,672

Real Estate — 0.3%
PSP Swiss Property AG		1,096		128,102

Total Switzerland				776,394

Finland — 2.1%
Communication Services — 0.4%
Elisa OYJ		2,645		129,057

Energy — 1.0%
Neste Oyj		10,513		357,415

Health Care — 0.7%
Orion Oyj - Class B		7,290		267,331

Total Finland				753,803

New Zealand — 1.9%
Communication Services — 1.6%
Spark New Zealand Ltd.		212,214		570,936

Consumer Staples — 0.3%
a2 Milk Co. Ltd.*		11,898		117,613

Total New Zealand				688,549

Norway — 1.8%
Consumer Staples — 1.8%
Mowi ASA		21,601		505,440
Orkla ASA		18,700		165,961

Total Norway				671,401

Spain — 1.5%
Utilities — 1.5%
Endesa SA		4,480		115,228
Red Electrica Corp. SA		20,260		421,978

Total Spain				537,206

Luxembourg — 1.0%
Communication Services — 1.0%
SES SA		23,088		360,984

Singapore — 0.7%
Industrials — 0.7%
SATS Ltd.		68,300		263,524

United States — 0.5%
Industrials — 0.5%
Reliance Worldwide Corp. Ltd.		71,832		177,749

Total Common Stocks			$	35,974,337

Touchstone Anti-Benchmark^® International Core Equity Fund (Unaudited) (Continued)


	Shares		Market Value
Short-Term Investment Funds — 3.3%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		329,387	$	329,387
Invesco Government & Agency Portfolio, Institutional Class, 2.19%**^¥W		885,023		885,023

Total Short-Term Investment Funds			$	1,214,410

Total Investment Securities —101.9% (Cost $36,916,783)			$	37,188,747
Liabilities in Excess of Other Assets — (1.9%)				(679,349	)

Net Assets — 100.0%			$	36,509,398

*	Non-income producing security.

**	Represents collateral for securities loaned.

†	All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2019 was $846,537.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - 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 June 30, 2019, these securities were valued at $1,258,837 or 3.4% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

Japan

—

8,869,776

—

8,869,776

Hong Kong

1,278,867

2,431,992

—

3,710,859

United Kingdom

1,142,771

2,458,147

—

3,600,918

Australia

—

2,947,824

—

2,947,824

Denmark

835,805

1,945,798

—

2,781,603

Germany

1,773,939

470,381

—

2,244,320

Ireland

1,200,635

97,705

—

1,298,340

France

1,243,191

—

1,243,191

Sweden

822,755

380,815

—

1,203,570

Netherlands

394,599

651,331

—

1,045,930

Israel

—

1,014,958

—

1,014,958

Belgium

428,098

495,697

—

923,795

Italy

—

859,643

—

859,643

Switzerland

647,407

128,987

—

776,394

Finland

129,057

624,746

—

753,803

New Zealand

—

688,549

—

688,549

Norway

—

671,401

—

671,401

Spain

—

537,206

—

537,206

Luxembourg

360,984

—

360,984

Singapore

—

263,524

—

263,524

United States

—

177,749

—

177,749

Short-Term Investment Funds

1,214,410

—

1,214,410

Total

11,472,518

25,716,229

—

37,188,747

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Anti-Benchmark^® US Core Equity Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 98.9%
Consumer Discretionary — 19.7%
Advance Auto Parts, Inc.		1,058	$	163,080
AutoZone, Inc.*		639		702,561
Chipotle Mexican Grill, Inc.*		729		534,270
Dollar Tree, Inc.*		1,347		144,654
Domino’s Pizza, Inc.		693		192,848
Etsy, Inc.*		446		27,371
Expedia Group, Inc.		2,263		301,047
Gap, Inc. (The)		7,761		139,465
General Motors Co.		1,066		41,073
GrubHub, Inc.*		3,487		271,951
H&R Block, Inc.		17,348		508,296
Hasbro, Inc.		1,125		118,890
Kohl’s Corp.		971		46,171
L Brands, Inc.		2,475		64,598
Lululemon Athletica, Inc. (Canada)*		794		143,087
Macy’s, Inc.		5,772		123,867
McDonald’s Corp.		635		131,864
Newell Brands, Inc.		2,663		41,063
NVR, Inc.*		28		94,367
Roku, Inc.*		969		87,772
ServiceMaster Global Holdings, Inc.*		943		49,121
Tesla, Inc.*†		1,647		368,039
Ulta Beauty, Inc.*		1,350		468,302
Wynn Resorts Ltd.		1,469		182,141
Yum China Holdings, Inc. (China)		5,578		257,704

				5,203,602

Financials — 14.5%
AGNC Investment Corp.		35,926		604,275
Annaly Capital Management, Inc.		71,717		654,776
Cboe Global Markets, Inc.		7,173		743,338
CME Group, Inc.		2,184		423,936
Everest Re Group Ltd. (Bermuda)		2,496		616,961
MarketAxess Holdings, Inc.		2,429		780,729

				3,824,015

Utilities — 13.8%
Aqua America, Inc.		3,531		146,077
CMS Energy Corp.		1,293		74,878
Consolidated Edison, Inc.		8,846		775,617
Dominion Energy, Inc.		1,962		151,702
Edison International		9,140		616,127
Eversource Energy		9,884		748,812
NextEra Energy, Inc.		1,879		384,930
PG&E Corp.*		9,783		224,226
Public Service Enterprise Group, Inc.		1,220		71,760
Sempra Energy		3,297		453,140

				3,647,269

Consumer Staples — 13.5%
Bunge Ltd.		7,823		435,819
Campbell Soup Co.		15,263		611,588
Clorox Co. (The)		1,513		231,655
Coca-Cola European Partners PLC (United Kingdom)		1,754		99,101
General Mills, Inc.		7,834		411,442


	Shares		Market Value
Consumer Staples — (Continued)
Hershey Co. (The)		2,099	$	281,329
JM Smucker Co. (The)		3,224		371,373
Kellogg Co.		2,112		113,140
Kraft Heinz Co. (The)		9,664		299,971
Kroger Co. (The)		18,014		391,084
Lamb Weston Holdings, Inc.		4,469		283,156
Molson Coors Brewing Co. - Class B		699		39,144

				3,568,802

Health Care — 12.4%
Alnylam Pharmaceuticals, Inc.*		844		61,241
Biogen, Inc.*		1,803		421,668
Bristol-Myers Squibb Co.		4,153		188,339
DENTSPLY SIRONA, Inc.		6,701		391,070
DexCom, Inc.*		2,603		390,034
Exact Sciences Corp.*		592		69,880
Humana, Inc.		1,493		396,093
Jazz Pharmaceuticals PLC (Ireland)*		2,933		418,128
Molina Healthcare, Inc.*		1,030		147,434
Nektar Therapeutics*		9,328		331,890
Neurocrine Biosciences, Inc.*		3,650		308,170
Sage Therapeutics, Inc.*		500		91,545
Universal Health Services, Inc. - Class B		483		62,978

				3,278,470

Real Estate — 7.2%
American Tower Corp. REIT		297		60,722
Crown Castle International Corp. REIT		1,238		161,373
Extra Space Storage, Inc. REIT		7,126		756,069
Public Storage REIT		3,194		760,715
Ventas, Inc. REIT		2,484		169,781

				1,908,660

Communication Services — 5.5%
Activision Blizzard, Inc.		1,913		90,294
Discovery, Inc. - Class C*		4,589		130,557
Fox Corp. - Class A		2,911		106,659
Fox Corp. - Class B		1,181		43,142
Snap, Inc. - Class A*		22,678		324,295
Verizon Communications, Inc.		3,638		207,839
Viacom, Inc. - Class B		18,478		551,938

				1,454,724

Industrials — 4.8%
Equifax, Inc.		384		51,932
General Electric Co.		48,041		504,431
Nielsen Holdings PLC		11,818		267,087
WW Grainger, Inc.		1,630		437,215

				1,260,665

Information Technology — 3.6%
Ciena Corp.*		801		32,945
Dell Technologies, Inc. - Class C*		766		38,913
QUALCOMM, Inc.		3,008		228,819
Symantec Corp.		23,736		516,495
Trade Desk, Inc. (The) - Class A*		600		136,668

				953,840

Touchstone Anti-Benchmark^® US Core Equity Fund (Unaudited) (Continued)


	Shares		Market Value
Common Stocks — 98.9% (Continued)
Materials — 3.0%
Newmont Mining Corp.		20,834	$	801,484

Energy — 0.9%
Baker Hughes a GE Co.		7,711		189,922
Cabot Oil & Gas Corp.		1,336		30,675

				220,597

Total Common Stocks			$	26,122,128

Short-Term Investment Funds — 2.2%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		278,251	$	278,251
Invesco Government & Agency Portfolio, Institutional Class, 2.19%**^¥W		308,263		308,263

Total Short-Term Investment Funds			$	586,514

Total Investment Securities — 101.1% (Cost $25,188,567)			$	26,708,642
Liabilities in Excess of Other Assets — (1.1%)				(296,084	)

Net Assets — 100.0%			$	26,412,558

*	Non-income producing security.

**	Represents collateral for securities loaned.

†	All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2019 was $302,788.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

PLC - Public Limited Company

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks

26,122,128

—

26,122,128

Short-Term Investment Funds

586,514

—

586,514

Total Assets

26,708,642

—

26,708,642

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Credit Opportunities II Fund (formerly known as Arbitrage Fund) – June 30, 2019 (Unaudited)


Principal Amount			Market Value
		Corporate Bonds — 86.0%
		Industrials — 17.6%
$	225,000	Berry Global Escrow Corp., 144a, 4.875%, 7/15/26	$	229,781
	625,000	Berry Global, Inc., 144a, 4.500%, 2/15/26		615,625
	270,000	Bombardier, Inc. (Canada), 144a, 6.000%, 10/15/22		271,158
	445,000	Bombardier, Inc. (Canada), 144a, 7.500%, 12/1/24		453,900
	90,000	Bombardier, Inc. (Canada), 144a, 7.875%, 4/15/27		90,113
	485,000	Builders FirstSource, Inc., 144a, 5.625%, 9/1/24		499,875
	355,000	Builders FirstSource, Inc., 144a, 6.750%, 6/1/27		374,525
	775,000	BWAY Holding Co., 144a, 5.500%, 4/15/24		775,387
	224,000	Clean Harbors, Inc., 144a, 4.875%, 7/15/27		227,662
	259,000	Crown Americas LLC / Crown Americas Capital Corp. V, 4.250%, 9/30/26		264,180
	365,000	GFL Environmental, Inc. (Canada), 144a, 7.000%, 6/1/26		373,669
	445,000	Hillman Group, Inc. (The), 144a, 6.375%, 7/15/22		394,938
	225,000	IAA, Inc., 144a, 5.500%, 6/15/27		234,000
	300,000	JELD-WEN, Inc., 144a, 4.875%, 12/15/27		290,250
	715,000	OI European Group BV (Netherlands), 144a, 4.000%, 3/15/23		718,575
	535,000	RBS Global, Inc. / Rexnord LLC, 144a, 4.875%, 12/15/25		541,688
	715,000	Sensata Technologies BV (Netherlands), 144a, 5.000%, 10/1/25		745,387
	483,000	Summit Materials LLC / Summit Materials Finance Corp., 144a, 5.125%, 6/1/25		484,208
	765,000	TransDigm, Inc., 144a, 6.250%, 3/15/26		805,162
	550,000	Tutor Perini Corp., 144a, 6.875%, 5/1/25		526,625
	535,000	United Rentals North America, Inc., 5.875%, 9/15/26		569,775
	445,000	XPO Logistics, Inc., 144a, 6.750%, 8/15/24		474,481

				9,960,964

		Communication Services — 15.5%
	300,000	AMC Networks, Inc., 4.750%, 8/1/25		303,000
	445,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.000%, 2/1/28		454,434
	270,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.125%, 5/1/27		279,547


Principal Amount			Market Value
		Corporate Bonds — 86.0% (Continued)
		Communication Services — (Continued)
$	180,000	CommScope LLC, 144a, 5.500%, 3/1/24	$	184,725
	180,000	CommScope LLC, 144a, 6.000%, 3/1/26		184,500
	173,000	Cumulus Media New Holdings, Inc., 144a, 6.750%, 7/1/26		172,533
	225,000	Frontier Communications Corp., 11.000%, 9/15/25		139,500
	270,000	Frontier Communications Corp., 144a, 8.500%, 4/1/26		261,900
	300,000	Go Daddy Operating Co. LLC / GD Finance Co., Inc., 144a, 5.250%, 12/1/27		310,500
	270,000	Intelsat Jackson Holdings SA (Luxembourg), 5.500%, 8/1/23		246,375
	225,000	Intelsat Luxembourg SA (Luxembourg), 8.125%, 6/1/23		173,812
	225,000	Lee Enterprises, Inc., 144a, 9.500%, 3/15/22		228,938
	355,000	Level 3 Financing, Inc., 5.250%, 3/15/26		367,425
	355,000	Level 3 Financing, Inc., 5.375%, 1/15/24		362,988
	535,000	Nexstar Broadcasting, Inc., 144a, 5.625%, 8/1/24		554,239
	95,000	Nexstar Escrow, Inc., 144a, 5.625%, 7/15/27		97,256
	535,000	Qwest Corp., 6.875%, 9/15/33		534,429
	355,000	Sinclair Television Group, Inc., 144a, 5.125%, 2/15/27		347,900
	355,000	Sinclair Television Group, Inc., 144a, 5.625%, 8/1/24		362,987
	445,000	Sirius XM Radio, Inc., 144a, 5.375%, 7/15/26		461,131
	65,000	Sirius XM Radio, Inc., 144a, 5.500%, 7/1/29		66,638
	260,000	Sprint Corp., 7.625%, 2/15/25		276,900
	520,000	Sprint Corp., 7.625%, 3/1/26		554,320
	535,000	T-Mobile USA, Inc., 4.750%, 2/1/28		550,435
	550,000	Townsquare Media, Inc., 144a, 6.500%, 4/1/23		541,750
	715,000	Virgin Media Secured Finance PLC (United Kingdom), 144a, 5.500%, 8/15/26		740,919

				8,759,081

		Energy — 12.7%
	270,000	Centennial Resource Production LLC, 144a, 5.375%, 1/15/26		256,500
	270,000	Centennial Resource Production LLC, 144a, 6.875%, 4/1/27		272,700
	710,000	CITGO Petroleum Corp., 144a, 6.250%, 8/15/22		710,000

Touchstone Credit Opportunities II Fund (formerly known as Arbitrage Fund) (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 86.0% (Continued)
		Energy — (Continued)
$	225,000	Covey Park Energy LLC / Covey Park Finance Corp., 144a, 7.500%, 5/15/25	$	162,000
	527,000	CrownRock LP / CrownRock Finance, Inc., 144a, 5.625%, 10/15/25		528,318
	550,000	Exterran Energy Solutions LP / EES Finance Corp., 8.125%, 5/1/25		558,937
	265,000	Great Western Petroleum LLC / Great Western Finance Corp., 144a, 9.000%, 9/30/21		215,313
	355,000	Hess Infrastructure Partners LP / Hess Infrastructure Partners Finance Corp., 144a, 5.625%, 2/15/26		365,206
	270,000	Laredo Petroleum, Inc., 6.250%, 3/15/23		251,181
	400,000	NGL Energy Partners LP / NGL Energy Finance Corp., 6.125%, 3/1/25		396,000
	355,000	Parsley Energy LLC / Parsley Finance Corp., 144a, 5.375%, 1/15/25		363,875
	355,000	Parsley Energy LLC / Parsley Finance Corp., 144a, 6.250%, 6/1/24		369,200
	225,000	Rowan Cos., Inc., 7.375%, 6/15/25		174,375
	225,000	SRC Energy, Inc., 6.250%, 12/1/25		204,750
	310,000	Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.500%, 8/15/22		297,600
	310,000	Summit Midstream Holdings LLC / Summit Midstream Finance Corp., 5.750%, 4/15/25		271,250
	535,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp., 5.875%, 4/15/26		567,100
	355,000	TerraForm Power Operating LLC, 144a, 4.250%, 1/31/23		354,556
	355,000	TerraForm Power Operating LLC, 144a, 5.000%, 1/31/28		356,331
	355,000	Transocean Sentry Ltd. (Cayman Islands), 144a, 5.375%, 5/15/23		355,444
	225,000	Vine Oil & Gas LP / Vine Oil & Gas Finance Corp., 144a, 9.750%, 4/15/23		145,688

				7,176,324

		Consumer Discretionary — 12.3%
	445,000	Allison Transmission, Inc., 144a, 4.750%, 10/1/27		441,663
	504,000	Century Communities, Inc., 144a, 6.750%, 6/1/27		510,930
	250,000	Delphi Technologies PLC (Jersey), 144a, 5.000%, 10/1/25		223,125
	715,000	IRB Holding Corp., 144a, 6.750%, 2/15/26		711,425
	180,000	L Brands, Inc., 6.750%, 7/1/36		154,800
	180,000	L Brands, Inc., 6.875%, 11/1/35		160,085
	86,000	L Brands, Inc., 7.500%, 6/15/29		85,991


Principal Amount			Market Value
		Corporate Bonds — 86.0% (Continued)
		Consumer Discretionary — (Continued)
$	716,000	Live Nation Entertainment, Inc., 144a, 4.875%, 11/1/24	$	736,585
	310,000	Live Nation Entertainment, Inc., 144a, 5.625%, 3/15/26		325,112
	300,000	Newell Brands, Inc., 4.200%, 4/1/26		298,150
	270,000	Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 144a, 6.250%, 5/15/26		280,463
	270,000	Panther BF Aggregator 2 LP / Panther Finance Co., Inc., 144a, 8.500%, 5/15/27		278,100
	355,000	Penske Automotive Group, Inc., 5.500%, 5/15/26		370,087
	715,000	Sabre GLBL, Inc., 144a, 5.250%, 11/15/23		736,450
	694,000	Scientific Games International, Inc., 144a, 5.000%, 10/15/25		700,940
	445,000	Six Flags Entertainment Corp., 144a, 4.875%, 7/31/24		451,953
	445,000	Six Flags Entertainment Corp., 144a, 5.500%, 4/15/27		462,800

				6,928,659

		Consumer Staples — 6.0%
	433,000	B&G Foods, Inc., 5.250%, 4/1/25		437,330
	535,000	Core & Main LP, 144a, 6.125%, 8/15/25		540,350
	985,000	First Quality Finance Co., Inc., 144a, 5.000%, 7/1/25		992,387
	895,000	H&E Equipment Services, Inc., 5.625%, 9/1/25		920,508
	535,000	Simmons Foods, Inc., 144a, 5.750%, 11/1/24		486,850

				3,377,425

		Real Estate — 5.4%
	715,000	Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 144a, 5.750%, 5/15/26		736,450
	535,000	ESH Hospitality, Inc. REIT, 144a, 5.250%, 5/1/25		547,706
	300,000	GEO Group, Inc. (The) REIT, 5.125%, 4/1/23		268,500
	715,000	Iron Mountain, Inc. REIT, 144a, 5.250%, 3/15/28		715,894
	544,000	Realogy Group LLC / Realogy Co.-Issuer Corp., 144a, 4.875%, 6/1/23		489,600
	310,000	WeWork Cos., Inc., 144a, 7.875%, 5/1/25		305,846

				3,063,996

		Health Care — 5.4%
	670,000	Acadia Healthcare Co., Inc., 5.625%, 2/15/23		680,887

Touchstone Credit Opportunities II Fund (formerly known as Arbitrage Fund) (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 86.0% (Continued)
		Health Care — (Continued)
$	13,000	ASP AMC Merger Sub, Inc., 144a, 8.000%, 5/15/25	$	7,767
	500,000	BioScrip, Inc., 8.875%, 2/15/21		506,250
	225,000	HCA, Inc., 5.625%, 9/1/28		243,563
	225,000	HCA, Inc., 5.875%, 2/1/29		246,656
	225,000	HCA, Inc., 7.690%, 6/15/25		264,375
	445,000	Molina Healthcare, Inc., 144a, 4.875%, 6/15/25		451,675
	270,000	RegionalCare Hospital Partners Holdings, Inc., 144a, 8.250%, 5/1/23		287,381
	355,000	Sotera Health Holdings LLC, 144a, 6.500%, 5/15/23		359,438

				3,047,992

		Materials — 5.3%
	555,000	Constellium NV (Netherlands), 144a, 5.750%, 5/15/24		568,875
	430,000	Constellium NV (Netherlands), 144a, 5.875%, 2/15/26		441,825
	225,000	Freeport-McMoRan, Inc., 3.875%, 3/15/23		225,000
	225,000	Freeport-McMoRan, Inc., 5.400%, 11/14/34		215,437
	225,000	Freeport-McMoRan, Inc., 5.450%, 3/15/43		205,875
	137,000	Kraton Polymers LLC / Kraton Polymers Capital Corp., 144a, 7.000%, 4/15/25		138,712
	746,000	New Gold, Inc. (Canada), 144a, 6.250%, 11/15/22		695,645
	299,000	Novelis Corp., 144a, 5.875%, 9/30/26		302,738
	185,000	Tronox Finance PLC (United Kingdom), 144a, 5.750%, 10/1/25		179,450

				2,973,557

		Information Technology — 2.7%
	325,000	Genesys Telecommunications Laboratories, Inc./Greeneden Lux 3 Sarl/Greeneden US Ho, 144a, 10.000%, 11/30/24		353,031
	500,000	NCR Corp., 5.000%, 7/15/22		504,230
	620,000	Nuance Communications, Inc., 5.625%, 12/15/26		646,536

				1,503,797

		Financials — 1.8%
	270,000	Acrisure LLC / Acrisure Finance, Inc., 144a, 7.000%, 11/15/25		243,675
	250,000	Acrisure LLC / Acrisure Finance, Inc., 144a, 8.125%, 2/15/24		258,125
	535,000	Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, 144a, 8.250%, 8/1/23		548,215

				1,050,015


Principal Amount			Market Value
		Corporate Bonds — 86.0% (Continued)
		Utilities — 1.3%
$	174,000	NextEra Energy Operating Partners LP, 144a, 4.250%, 7/15/24	$	175,091
	546,000	Vistra Operations Co. LLC, 144a, 5.000%, 7/31/27		565,792

				740,883

		Total Corporate Bonds	$	48,582,693

		Bank Loans^(A)— 9.7%
		Energy — 3.1%
	339,135	BCP Raptor LLC, Initial Term Loan (LIBOR +4.250%), 6/24/24^(B)		321,330
	355,065	Blackstone CQP Holdco LP, Initial Term Loan (LIBOR +3.500%), 6/20/24^(B)		355,420
	379,043	Brazos Delaware II LLC, Initial Term Loan (LIBOR +4.000%), 6.383%, 5/21/25^(B)		355,826
	249,375	Gulf Finance LLC, Tranche B Term Loan (LIBOR +5.250%), 8/25/23^(B)		203,136
	339,226	Ultra Resources, Inc., Senior Secured Term Loan (LIBOR +3.750%), 4/12/24^(B)		257,245
	254,356	Woodford Express LLC, Initial Term Loan (LIBOR +5.000%), 1/27/25		249,480

				1,742,437

		Communication Services — 1.8%
	244,377	Frontier Communications Corp., Term B-1 Loan (LIBOR +3.750%), 6/17/24^(B)		239,286
	170,000	Intelsat Jackson Holdings SA, Tranche B-3 Term Loan (LIBOR +3.750%), 11/27/23^(B)		168,088
	113,694	Perforce Software, Inc., First Lien Term Loan (LIBOR +4.500%), 7/8/26^(B)		113,410
	518,697	Sprint Communications, Inc., 2018 Incremental Term Loan (LIBOR +3.000%), 2/2/24		513,349

				1,034,133

		Industrials — 1.7%
	218,064	Cumulus Media New Holdings Inc., Exit Term Loan (LIBOR +4.500%), 5/13/22^(B)		217,791
	418,923	Forterra Finance LLC, Replacement Term Loan (LIBOR +3.000%), 10/25/23^(B)		385,992
	334,148	Sequa Mezzanine Holdings LLC, Initial Term Loan (First Lien) (LIBOR +0.000%), 11/28/21^(B)		326,352

				930,135

		Consumer Discretionary — 1.4%
	398,922	Golden Nugget, Inc., B Team Loan (LIBOR +2.750%), 10/4/23^(B)		395,252

Touchstone Credit Opportunities II Fund (formerly known as Arbitrage Fund) (Unaudited) (Continued)


Principal Amount			Market Value
		Bank Loans^(A)— 9.7% (Continued)
		Consumer Discretionary — (Continued)
$	325,000	Petco Animal Supplies Inc., Term Loan (LIBOR +3.250%), 1/26/23^(B)	$	251,244
	171,600	PetSmart, Inc., Tranche B-2 Loan (LIBOR +3.000%), 3/11/22^(B)		166,828

				813,324

		Information Technology — 1.2%
	200,000	Evergreen Skills Lux SARL, First Lien Initial Term Loan (Luxembourg) (LIBOR +4.750%), 4/28/21^(B)		172,084
	520,000	MA Financeco LLC, Tranche B-2 Term Loan (LIBOR +2.250%), 4.652%, 11/19/21		513,718

				685,802

		Health Care — 0.5%
	254,361	LifePoint Health, Inc., First Lien Term B Loan (LIBOR +4.500%), 6.904%, 11/16/25		252,680

		Total Bank Loans	$	5,458,511


	Shares
Short-Term Investment Fund — 14.2%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		8,004,451	$	8,004,451

Total Investment Securities — 109.9%			$	62,045,655
Liabilities in Excess of Other Assets — (9.9%)				(5,598,863	)

Net Assets — 100.0%			$	56,446,792

^(A)

Bank loans pay interest at rates which adjust periodically unless otherwise indicated. The interest rates shown are the current interest rates as of June 30, 2019.

^(B)

All or a portion of this position has not settled. Full contract rates do not take effect until settlement date.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

REIT - 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 June 30, 2019, these securities were valued at $35,084,101 or 62.2% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Assets:

Corporate Bonds

—

48,582,693

—

48,582,693

Bank Loans

—

5,458,511

—

5,458,511

Short-Term Investment Fund

8,004,451

—

8,004,451

Total

8,004,451

54,041,204

—

62,045,655

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone High Yield Fund – June 30, 2019 (Unaudited)


Principal Amount			Market Value
		Corporate Bonds — 98.0%
		Communication Services — 18.3%
$	1,499,000	Altice Financing SA (Luxembourg), 144a, 6.625%, 2/15/23	$	1,536,475
	463,000	Altice Financing SA (Luxembourg), 144a, 7.500%, 5/15/26		465,361
	526,000	Altice France SA (France), 144a, 6.250%, 5/15/24		541,780
	334,000	Altice France SA (France), 144a, 7.375%, 5/1/26		342,350
	635,000	Altice France SA (France), 144a, 8.125%, 2/1/27		666,750
	265,000	AMC Networks, Inc., 4.750%, 8/1/25		267,650
	292,000	AMC Networks, Inc., 5.000%, 4/1/24		300,395
	735,000	Belo Corp., 7.250%, 9/15/27		790,125
	339,000	Block Communications, Inc., 144a, 6.875%, 2/15/25		353,408
	337,000	C&W Senior Financing DAC (Ireland), 144a, 6.875%, 9/15/27		347,986
	975,000	C&W Senior Financing DAC (Ireland), 144a, 7.500%, 10/15/26		1,016,437
	769,000	Cablevision Systems Corp., 5.875%, 9/15/22		807,450
	297,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.125%, 5/1/27		307,502
	505,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.375%, 5/1/25		522,044
	1,588,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.375%, 6/1/29		1,639,610
	975,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.750%, 2/15/26		1,022,531
	480,000	CenturyLink, Inc., 5.625%, 4/1/25		489,600
	584,000	CenturyLink, Inc., 5.800%, 3/15/22		608,820
	436,000	CenturyLink, Inc., 6.450%, 6/15/21		461,070
	25,000	CenturyLink, Inc., 6.750%, 12/1/23		26,969
	564,000	CenturyLink, Inc., 6.875%, 1/15/28		564,000
	150,000	CommScope LLC, 144a, 5.500%, 3/1/24		153,938
	741,000	CommScope Technologies LLC, 144a, 5.000%, 3/15/27		644,670
	628,000	CommScope Technologies LLC, 144a, 5.500%, 6/15/24		599,112
	966,000	CSC Holdings LLC, 5.250%, 6/1/24		1,003,432
	400,000	CSC Holdings LLC, 144a, 5.375%, 7/15/23		411,000
	561,000	CSC Holdings LLC, 144a, 5.500%, 5/15/26		587,619
	533,000	CSC Holdings LLC, 144a, 6.500%, 2/1/29		581,636
	1,086,000	CSC Holdings LLC, 144a, 7.750%, 7/15/25		1,174,943
	1,723,000	DISH DBS Corp., 5.875%, 7/15/22		1,748,845
	1,835,000	DISH DBS Corp., 6.750%, 6/1/21		1,924,456
	1,137,000	EW Scripps Co. (The), 144a, 5.125%, 5/15/25		1,091,520
	211,000	GrubHub Holdings, Inc., 144a, 5.500%, 7/1/27		216,564


Principal Amount			Market Value
		Communication Services — (Continued)
$	416,000	Intelsat Jackson Holdings SA (Luxembourg), 5.500%, 8/1/23	$	379,600
	274,000	Netflix, Inc., 4.375%, 11/15/26		280,247
	1,153,000	Netflix, Inc., 144a, 5.375%, 11/15/29		1,224,705
	673,000	Nexstar Broadcasting, Inc., 144a, 5.625%, 8/1/24		697,201
	225,000	Nexstar Escrow, Inc., 144a, 5.625%, 7/15/27		230,344
	237,000	Nokia OYJ (Finland), 4.375%, 6/12/27		243,221
	552,000	Qualitytech LP/QTS Finance Corp., 144a, 4.750%, 11/15/25		546,480
	480,000	Sable International Finance Ltd. (Cayman Islands), 144a, 5.750%, 9/7/27		483,300
	485,000	Sinclair Television Group, Inc., 144a, 5.875%, 3/15/26		495,767
	842,000	Sirius XM Radio, Inc., 144a, 4.625%, 7/15/24		861,602
	248,000	Sirius XM Radio, Inc., 144a, 5.375%, 7/15/26		256,990
	591,000	Sirius XM Radio, Inc., 144a, 5.500%, 7/1/29		605,893
	955,000	Sprint Capital Corp., 6.875%, 11/15/28		981,549
	2,149,000	Sprint Corp., 7.125%, 6/15/24		2,278,585
	223,000	Sprint Corp., 7.625%, 2/15/25		237,495
	293,000	Sprint Corp., 7.625%, 3/1/26		312,338
	353,000	Telecom Italia Capital SA (Luxembourg), 6.000%, 9/30/34		360,060
	865,000	Telecom Italia Capital SA (Luxembourg), 6.375%, 11/15/33		897,437
	222,000	Univision Communications, Inc., 144a, 5.125%, 5/15/23		217,005
	263,000	Univision Communications, Inc., 144a, 5.125%, 2/15/25		250,179
	174,000	UPCB Finance IV Ltd. (Cayman Islands), 144a, 5.375%, 1/15/25		178,839
	636,000	ViaSat, Inc., 144a, 5.625%, 9/15/25		624,870
	667,000	Virgin Media Secured Finance PLC (United Kingdom), 144a, 5.500%, 5/15/29		676,805
	575,000	Zayo Group LLC / Zayo Capital, Inc., 144a, 5.750%, 1/15/27		585,856

				37,122,416

		Energy — 15.8%
	1,281,000	Ascent Resources Utica Holdings LLC / ARU Finance Corp., 144a, 7.000%, 11/1/26		1,168,912
	584,000	Blue Racer Midstream LLC / Blue Racer Finance Corp., 144a, 6.125%, 11/15/22		592,030
	1,176,000	Blue Racer Midstream LLC / Blue Racer Finance Corp., 144a, 6.625%, 7/15/26		1,184,820
	542,000	Buckeye Partners LP, 3.950%, 12/1/26		480,340
	511,000	Carrizo Oil & Gas, Inc., 6.250%, 4/15/23†		493,115

Touchstone High Yield Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 98.0% (Continued)
		Energy — (Continued)
$	795,000	Chesapeake Energy Corp., 4.875%, 4/15/22	$	751,275
	761,000	Chesapeake Energy Corp., 5.750%, 3/15/23		713,437
	171,000	Chesapeake Energy Corp., 7.000%, 10/1/24		153,473
	725,000	Delek Logistics Partners LP / Delek Logistics Finance Corp., 6.750%, 5/15/25		717,750
	823,000	Ensco PLC (United Kingdom), 7.750%, 2/1/26		613,135
	598,000	Ensign Drilling, Inc. (Canada), 144a, 9.250%, 4/15/24		589,030
	460,000	Extraction Oil & Gas, Inc., 144a, 5.625%, 2/1/26		371,450
	997,000	FTS International, Inc., 6.250%, 5/1/22		924,717
	1,002,000	Genesis Energy LP / Genesis Energy Finance Corp., 5.625%, 6/15/24		964,425
	1,101,000	Genesis Energy LP / Genesis Energy Finance Corp., 6.000%, 5/15/23		1,092,742
	506,000	Genesis Energy LP / Genesis Energy Finance Corp., 6.250%, 5/15/26		488,290
	1,343,000	Gulfport Energy Corp., 6.375%, 5/15/25		1,039,146
	417,000	Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.000%, 12/1/24		414,915
	345,000	Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 10/1/25		345,863
	435,000	Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.250%, 11/1/28		437,175
	487,000	Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp., 144a, 6.000%, 8/1/26		496,740
	1,161,000	Montage Resources Corp., 8.875%, 7/15/23		978,142
	333,000	Murphy Oil USA, Inc., 5.625%, 5/1/27		346,320
	646,000	NGPL PipeCo LLC, 144a, 7.768%, 12/15/37		820,420
	531,000	NuStar Logistics LP, 6.000%, 6/1/26		549,585
	1,338,000	Parkland Fuel Corp. (Canada), 144a, 6.000%, 4/1/26		1,368,105
	421,000	PDC Energy, Inc., 5.750%, 5/15/26		413,633
	1,012,000	PDC Energy, Inc., 6.125%, 9/15/24		1,012,000
	343,000	Peabody Energy Corp., 144a, 6.000%, 3/31/22		351,146
	1,053,000	Peabody Energy Corp., 144a, 6.375%, 3/31/25		1,066,162
	477,000	Precision Drilling Corp. (Canada), 7.750%, 12/15/23		486,397
	270,000	Precision Drilling Corp. (Canada), 144a, 7.125%, 1/15/26		261,225
	340,000	Range Resources Corp., 5.000%, 8/15/22		322,575
	479,000	SemGroup Corp. / Rose Rock Finance Corp., 5.625%, 7/15/22		472,179


Principal Amount			Market Value
		Energy — (Continued)
$	1,052,000	SemGroup Corp. / Rose Rock Finance Corp., 5.625%, 11/15/23	$	1,004,660
	1,379,000	Shelf Drilling Holdings Ltd. (Cayman Islands), 144a, 8.250%, 2/15/25		1,272,817
	857,000	Southwestern Energy Co., 6.200%, 1/23/25		782,012
	696,000	Southwestern Energy Co., 7.500%, 4/1/26		659,376
	789,000	Sunoco LP / Sunoco Finance Corp., 144a, 6.000%, 4/15/27		828,450
	580,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 5.500%, 9/15/24		598,850
	253,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 5.500%, 1/15/28		255,846
	313,000	TerraForm Power Operating LLC, 144a, 4.250%, 1/31/23		312,609
	313,000	TerraForm Power Operating LLC, 144a, 5.000%, 1/31/28		314,174
	554,000	Tullow Oil PLC (United Kingdom), 144a, 7.000%, 3/1/25		563,003
	2,401,000	Unit Corp., 6.625%, 5/15/21		2,172,905
	850,000	Whiting Petroleum Corp., 6.250%, 4/1/23		847,875

				32,093,246

		Consumer Discretionary — 13.9%
	263,000	1011778 BC ULC / New Red Finance, Inc. (Canada), 144a, 4.250%, 5/15/24		265,959
	700,000	1011778 BC ULC / New Red Finance, Inc. (Canada), 144a, 5.000%, 10/15/25		705,460
	661,000	ACCO Brands Corp., 144a, 5.250%, 12/15/24		669,262
	535,000	Ahern Rentals, Inc., 144a, 7.375%, 5/15/23		474,813
	462,000	AMN Healthcare, Inc., 144a, 5.125%, 10/1/24		471,319
	446,000	Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 5.500%, 4/1/23		455,478
	505,000	Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 5.750%, 7/15/27		508,788
	311,000	Booz Allen Hamilton, Inc., 144a, 5.125%, 5/1/25		315,665
	555,000	Brinker International, Inc., 3.875%, 5/15/23		548,063
	534,000	Brinker International, Inc., 144a, 5.000%, 10/1/24		544,013
	249,000	Brookfield Residential Properties, Inc. (Canada), 144a, 6.375%, 5/15/25		251,490
	247,000	Brookfield Residential Properties, Inc. / Brookfield Residential US Corp. (Canada), 144a, 6.125%, 7/1/22		251,323
	337,000	Cedar Fair LP, 144a, 5.250%, 7/15/29		343,844

Touchstone High Yield Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 98.0% (Continued)
		Consumer Discretionary — (Continued)
$	231,000	Cedar Fair LP / Canada’s Wonderland Co. / Magnum Management Corp., 5.375%, 6/1/24	$	237,353
	453,000	Central Garden & Pet Co., 5.125%, 2/1/28		445,073
	1,029,000	Churchill Downs, Inc., 144a, 4.750%, 1/15/28		1,033,888
	395,000	Downstream Development Authority of the Quapaw Tribe of Oklahoma, 144a, 10.500%, 2/15/23		417,713
	510,000	GLP Capital LP / GLP Financing II, Inc., 5.375%, 4/15/26		551,540
	721,000	Group 1 Automotive, Inc., 144a, 5.250%, 12/15/23		738,124
	481,000	Hanesbrands, Inc., 144a, 4.625%, 5/15/24		499,374
	315,000	Hertz Corp. (The), 5.875%, 10/15/20		315,394
	1,034,000	Hertz Corp. (The), 7.375%, 1/15/21		1,035,292
	540,000	Hertz Corp. (The), 144a, 7.625%, 6/1/22		560,925
	477,000	Hilton Domestic Operating Co., Inc., 5.125%, 5/1/26		497,869
	551,000	International Game Technology PLC (United Kingdom), 144a, 6.250%, 2/15/22		581,994
	445,000	International Game Technology PLC (United Kingdom), 144a, 6.250%, 1/15/27		486,719
	402,000	Lennar Corp., 4.750%, 5/30/25		425,618
	1,152,000	Mattel, Inc., 144a, 6.750%, 12/31/25		1,185,120
	474,000	MDC Partners, Inc. (Canada), 144a, 6.500%, 5/1/24		435,587
	644,000	Meritage Homes Corp., 6.000%, 6/1/25		692,300
	245,000	MGM China Holdings Ltd. (Cayman Islands), 144a, 5.375%, 5/15/24		251,370
	656,000	MGM China Holdings Ltd. (Cayman Islands), 144a, 5.875%, 5/15/26		674,040
	682,000	MGM Resorts International, 6.000%, 3/15/23		739,117
	546,000	New Home Co., Inc. (The), 7.250%, 4/1/22		514,605
	1,492,000	Party City Holdings, Inc., 144a, 6.625%, 8/1/26†		1,447,240
	193,000	Penske Automotive Group, Inc., 5.375%, 12/1/24		198,308
	300,000	PulteGroup, Inc., 5.500%, 3/1/26		324,000
	490,000	PulteGroup, Inc., 6.000%, 2/15/35		502,250
	1,057,000	Quad/Graphics, Inc., 7.000%, 5/1/22		1,069,917
	696,000	ServiceMaster Co. LLC (The), 144a, 5.125%, 11/15/24		716,010
	426,000	Shea Homes LP / Shea Homes Funding Corp., 144a, 5.875%, 4/1/23		434,520
	474,000	Sonic Automotive, Inc., 5.000%, 5/15/23		478,148


Principal Amount			Market Value
		Consumer Discretionary — (Continued)
$	212,000	Sonic Automotive, Inc., 6.125%, 3/15/27	$	208,290
	594,000	Taylor Morrison Communities, Inc., 144a, 5.875%, 6/15/27		604,395
	1,003,000	Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II Inc., 144a, 5.625%, 3/1/24		1,035,597
	168,000	Toll Brothers Finance Corp., 4.875%, 3/15/27		176,240
	485,000	Twin River Worldwide Holdings, Inc., 144a, 6.750%, 6/1/27		505,613
	353,000	United Rentals North America, Inc., 4.625%, 10/15/25		358,736
	1,067,000	United Rentals North America, Inc., 5.875%, 9/15/26		1,136,355
	220,000	United Rentals North America, Inc., 6.500%, 12/15/26		238,150
	64,000	William Carter Co. (The), 144a, 5.625%, 3/15/27		67,040
	632,000	Wyndham Hotels & Resorts, Inc., 144a, 5.375%, 4/15/26		661,230

				28,286,531

		Health Care — 9.0%
	130,000	Acadia Healthcare Co., Inc., 5.125%, 7/1/22		130,650
	1,194,000	Acadia Healthcare Co., Inc., 5.625%, 2/15/23		1,213,402
	714,000	Bausch Health Americas, Inc., 144a, 8.500%, 1/31/27		785,057
	708,000	Bausch Health Cos, Inc. (Canada), 144a, 5.875%, 5/15/23		716,227
	1,519,000	Bausch Health Cos, Inc. (Canada), 144a, 6.125%, 4/15/25		1,551,233
	772,000	Bausch Health Cos, Inc. (Canada), 144a, 7.000%, 1/15/28		797,144
	544,000	CHS/Community Health Systems, Inc., 6.250%, 3/31/23		523,600
	1,184,000	DaVita, Inc., 5.125%, 7/15/24		1,184,355
	481,000	Encompass Health Corp., 5.750%, 11/1/24		489,802
	325,000	HCA, Inc., 5.375%, 9/1/26		350,188
	395,000	HCA, Inc., 5.875%, 2/15/26		436,475
	228,000	HCA, Inc., 5.875%, 2/1/29		249,945
	862,000	HLF Financing Sarl LLC / Herbalife International, Inc., 144a, 7.250%, 8/15/26		866,310
	1,076,000	Horizon Pharma USA, Inc., 144a, 8.750%, 11/1/24		1,154,333
	966,000	Mallinckrodt International Finance SA / Mallinckrodt CB LLC (Luxembourg), 144a, 4.875%, 4/15/20		930,982
	1,685,000	Mallinckrodt International Finance SA / Mallinckrodt CB LLC (Luxembourg), 144a, 5.750%, 8/1/22†		1,449,100

Touchstone High Yield Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 98.0% (Continued)
		Health Care — (Continued)
$	983,000	MEDNAX, Inc., 144a, 5.250%, 12/1/23 $		970,712
	1,348,000	MEDNAX, Inc., 144a, 6.250%, 1/15/27		1,326,095
	562,000	Teleflex, Inc., 4.875%, 6/1/26		583,075
	705,000	Tenet Healthcare Corp., 5.125%, 5/1/25		708,525
	238,000	Tenet Healthcare Corp., 144a, 6.250%, 2/1/27		246,330
	1,389,000	Teva Pharmaceutical Finance Netherlands III BV (Netherlands), 6.750%, 3/1/28		1,271,152
	225,000	WellCare Health Plans, Inc., 144a, 5.375%, 8/15/26		238,500

				18,173,192

		Consumer Staples — 8.5%
	1,323,000	Albertsons Cos. LLC / Safeway, Inc. / New Albertson’s Inc. / Albertson’s LLC, 5.750%, 3/15/25		1,333,319
	370,000	Albertsons Cos. LLC / Safeway, Inc. / New Albertsons LP / Albertson’s LLC, 144a, 7.500%, 3/15/26		394,975
	570,000	American Builders & Contractors Supply Co., Inc., 144a, 5.875%, 5/15/26		594,225
	808,000	Beacon Roofing Supply, Inc., 144a, 4.875%, 11/1/25		799,920
	458,000	Cardtronics, Inc. / Cardtronics USA Inc., 144a, 5.500%, 5/1/25		455,710
	788,000	Carriage Services, Inc., 144a, 6.625%, 6/1/26		807,700
	1,550,000	Cimpress NV. (Netherlands), 144a, 7.000%, 6/15/26		1,580,984
	1,734,000	Cott Holdings, Inc., 144a, 5.500%, 4/1/25		1,766,512
	374,000	Cumberland Farms, Inc., 144a, 6.750%, 5/1/25		396,440
	648,000	First Quality Finance Co., Inc., 144a, 5.000%, 7/1/25		652,860
	455,000	H&E Equipment Services, Inc., 5.625%, 9/1/25		467,968
	219,000	IAA, Inc., 144a, 5.500%, 6/15/27		227,760
	491,000	Ingles Markets, Inc., 5.750%, 6/15/23		502,048
	319,000	JBS USA LUX SA / JBS USA Finance, Inc., 144a, 5.875%, 7/15/24		328,171
	563,000	JBS USA LUX SA / JBS USA Finance, Inc., 144a, 6.750%, 2/15/28		611,559
	781,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 144a, 6.500%, 4/15/29		848,361
	1,127,000	Pilgrim’s Pride Corp., 144a, 5.750%, 3/15/25		1,143,905
	502,000	Pilgrim’s Pride Corp., 144a, 5.875%, 9/30/27		520,198
	1,341,000	Post Holdings, Inc., 144a, 5.000%, 8/15/26		1,359,439


Principal Amount			Market Value
		Consumer Staples — (Continued)
$	151,000	Post Holdings, Inc., 144a, 5.500%, 12/15/29	$	151,378
	958,000	Rite Aid Corp., 144a, 6.125%, 4/1/23		808,312
	1,568,000	Staples, Inc., 144a, 7.500%, 4/15/26		1,558,764

				17,310,508

		Financials — 7.4%
	180,000	Ally Financial, Inc., 5.750%, 11/20/25		199,107
	926,000	Ally Financial, Inc., 8.000%, 11/1/31		1,213,060
	275,000	Ally Financial, Inc., 8.000%, 11/1/31		363,470
	791,000	Bank of America Corp., 6.100%^(A)		854,280
	616,000	Cooke Omega Investments, Inc. / Alpha VesselCo Holdings Inc. (Canada), 144a, 8.500%, 12/15/22		599,060
	651,000	Credit Acceptance Corp., 7.375%, 3/15/23		676,226
	528,000	Credit Acceptance Corp., 144a, 6.625%, 3/15/26		555,060
	455,000	Fairstone Financial, Inc. (Canada), 144a, 7.875%, 7/15/24		463,531
	1,073,000	GEO Group, Inc. (The), 5.875%, 1/15/22		1,048,857
	453,000	goeasy Ltd. (Canada), 144a, 7.875%, 11/1/22		474,518
	1,595,000	Goldman Sachs Group, Inc. (The)., Ser P, 5.000%^(A)		1,531,200
	844,000	MetLife, Inc., Ser C, 5.250%^(A)		853,411
	730,000	Navient Corp., 5.500%, 1/25/23		750,075
	1,113,000	Navient Corp., 5.875%, 10/25/24		1,125,521
	459,000	Navient Corp., 6.500%, 6/15/22		487,568
	1,057,000	Quicken Loans, Inc., 144a, 5.250%, 1/15/28		1,051,715
	386,000	Quicken Loans, Inc., 144a, 5.750%, 5/1/25		398,063
	430,000	Radian Group, Inc., 4.500%, 10/1/24		440,445
	641,000	Springleaf Finance Corp., 5.625%, 3/15/23		681,062
	293,000	Springleaf Finance Corp., 6.125%, 3/15/24		314,975
	156,000	Springleaf Finance Corp., 6.625%, 1/15/28		163,800
	382,000	Springleaf Finance Corp., 6.875%, 3/15/25		418,282
	328,000	Springleaf Finance Corp., 7.125%, 3/15/26		359,365

				15,022,651

		Industrials — 7.0%
	502,000	Adient Global Holdings Ltd. (Jersey), 144a, 4.875%, 8/15/26		399,090
	877,000	Adient US LLC, 144a, 7.000%, 5/15/26		901,117
	520,000	AECOM Global II LLC / URS Fox US LP, 5.000%, 4/1/22		534,300
	509,000	Allison Transmission, Inc., 144a, 5.000%, 10/1/24		519,180
	774,000	Amsted Industries, Inc., 144a, 5.375%, 9/15/24		792,382

Touchstone High Yield Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 98.0% (Continued)
		Industrials — (Continued)
$	625,000	Amsted Industries, Inc., 144a, 5.625%, 7/1/27	$	651,562
	510,000	Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. (Ireland), 144a, 6.000%, 2/15/25		528,488
	315,000	Ball Corp., 4.875%, 3/15/26		333,900
	591,000	Bombardier, Inc. (Canada), 144a, 6.000%, 10/15/22		593,535
	177,000	Clean Harbors, Inc., 144a, 4.875%, 7/15/27		179,894
	622,000	Crown Americas LLC / Crown Americas Capital Corp. VI, 4.750%, 2/1/26		639,105
	552,000	Ford Motor Credit Co. LLC, 5.584%, 3/18/24		592,505
	796,000	Fortress Transportation & Infrastructure Investors LLC, 144a, 6.750%, 3/15/22		826,845
	612,000	JB Poindexter & Co., Inc., 144a, 7.125%, 4/15/26		624,240
	205,000	Louisiana-Pacific Corp., 4.875%, 9/15/24		208,331
	701,000	New Enterprise Stone & Lime Co., Inc., 144a, 6.250%, 3/15/26		711,515
	307,000	Norbord, Inc. (Canada), 144a, 5.750%, 7/15/27		308,919
	1,077,000	Plastipak Holdings, Inc., 144a, 6.250%, 10/15/25†		974,685
	450,000	Silgan Holdings, Inc., 4.750%, 3/15/25		453,375
	989,000	Standard Industries, Inc./NJ, 144a, 5.375%, 11/15/24		1,023,615
	549,000	Standard Industries, Inc./NJ, 144a, 6.000%, 10/15/25		582,626
	439,000	Triumph Group, Inc., 4.875%, 4/1/21		432,415
	270,000	Triumph Group, Inc., 5.250%, 6/1/22		264,600
	982,000	XPO Logistics, Inc., 144a, 6.750%, 8/15/24		1,047,057

				14,123,281

		Materials — 5.9%
	503,000	Alcoa Nederland Holding BV (Netherlands), 144a, 6.125%, 5/15/28		525,635
	876,000	Alcoa Nederland Holding BV (Netherlands), 144a, 7.000%, 9/30/26		937,320
	523,000	Cascades, Inc. (Canada), 144a, 5.500%, 7/15/22		524,961
	441,000	Cascades, Inc. (Canada), 144a, 5.750%, 7/15/23		444,859
	300,000	Commercial Metals Co., 4.875%, 5/15/23		302,250
	453,000	Commercial Metals Co., 5.750%, 4/15/26		452,207


Principal Amount			Market Value
		Materials — (Continued)
$	761,000	CVR Partners LP / CVR Nitrogen Finance Corp., 144a, 9.250%, 6/15/23	$	795,778
	921,000	Freeport-McMoRan, Inc., 3.875%, 3/15/23		921,000
	1,079,000	Hudbay Minerals, Inc., 144a, 7.625%, 1/15/25		1,114,067
	910,000	Kinross Gold Corp. (Canada), 4.500%, 7/15/27		919,100
	730,000	NOVA Chemicals Corp. (Canada), 144a, 4.875%, 6/1/24		755,550
	873,000	NOVA Chemicals Corp. (Canada), 144a, 5.250%, 8/1/23		885,004
	764,000	Novelis Corp., 144a, 5.875%, 9/30/26		773,550
	191,000	Novelis Corp., 144a, 6.250%, 8/15/24		200,256
	889,000	Nufarm Australia Ltd. / Nufarm Americas, Inc. (Australia), 144a, 5.750%, 4/30/26		844,550
	284,000	Olin Corp., 5.000%, 2/1/30		281,500
	394,000	Steel Dynamics, Inc., 4.125%, 9/15/25		392,030
	251,000	Steel Dynamics, Inc., 5.000%, 12/15/26		261,668
	588,000	Teck Resources Ltd. (Canada), 6.250%, 7/15/41		660,199

				11,991,484

		Real Estate — 4.5%
	392,000	Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 144a, 5.750%, 5/15/26		403,760
	1,087,000	CoreCivic, Inc. REIT, 4.625%, 5/1/23		1,057,107
	549,000	CoreCivic, Inc. REIT, 4.750%, 10/15/27		494,100
	968,000	CoreCivic, Inc. REIT, 5.000%, 10/15/22		963,160
	599,000	CyrusOne LP / CyrusOne Finance Corp. REIT, 5.375%, 3/15/27		630,448
	504,000	ESH Hospitality, Inc. REIT, 144a, 5.250%, 5/1/25		515,970
	856,000	Iron Mountain US Holdings, Inc., 144a, 5.375%, 6/1/26		859,210
	997,000	Iron Mountain, Inc. REIT, 5.750%, 8/15/24		1,007,118
	946,000	MGM Growth Properties Operating Partnership LP / MGP Finance Co.-Issuer, Inc. REIT, 5.625%, 5/1/24		1,019,315
	496,000	MPT Operating Partnership LP / MPT Finance Corp. REIT, 5.250%, 8/1/26		517,080
	202,000	MPT Operating Partnership LP / MPT Finance Corp. REIT, 5.500%, 5/1/24		207,050
	1,362,000	Sabra Health Care LP REIT, 5.125%, 8/15/26		1,417,773

				9,092,091

		Information Technology — 3.9%
	671,000	CDK Global, Inc., 4.875%, 6/1/27		693,975
	362,000	Dell International LLC / EMC Corp., 144a, 7.125%, 6/15/24		382,173
	711,000	EMC Corp., 3.375%, 6/1/23		707,411

Touchstone High Yield Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 98.0% (Continued)
		Information Technology — (Continued)
$	464,000	Harland Clarke Holdings Corp., 144a, 6.875%, 3/1/20	$	457,620
	34,000	Harland Clarke Holdings Corp., 144a, 8.375%, 8/15/22		28,858
	211,000	j2 Cloud Services LLC / j2 Global Co.-Obligor, Inc., 144a, 6.000%, 7/15/25		221,023
	181,000	Match Group, Inc., 144a, 5.000%, 12/15/27		189,579
	300,000	NCR Corp., 4.625%, 2/15/21		300,750
	652,000	Netflix, Inc., 4.875%, 4/15/28		674,820
	739,000	Nielsen Finance LLC / Nielsen Finance Co., 144a, 5.000%, 4/15/22		737,152
	776,000	Open Text Corp. (Canada), 144a, 5.875%, 6/1/26		820,853
	1,016,000	SS&C Technologies, Inc., 144a, 5.500%, 9/30/27		1,054,100
	954,000	VeriSign, Inc., 4.750%, 7/15/27		993,352
	469,000	Western Digital Corp., 4.750%, 2/15/26		460,112
	117,000	Xerox Corp., 4.070%, 3/17/22		117,731

				7,839,509

		Utilities — 3.8%
	1,215,000	Calpine Corp., 144a, 5.250%, 6/1/26		1,236,262
	500,000	Calpine Corp., 144a, 5.875%, 1/15/24		511,250
	389,000	Clearway Energy Operating LLC, 5.000%, 9/15/26		381,881
	828,000	Clearway Energy Operating LLC, 144a, 5.750%, 10/15/25		840,420
	869,000	NGL Energy Partners LP / NGL Energy Finance Corp., 7.500%, 11/1/23		908,105
	198,000	NRG Energy, Inc., 5.750%, 1/15/28		212,355
	604,000	Rockpoint Gas Storage Canada Ltd. (Canada), 144a, 7.000%, 3/31/23		612,305
	409,000	Superior Plus LP / Superior General Partner, Inc. (Canada), 144a, 7.000%, 7/15/26		422,800
	975,000	Talen Energy Supply LLC, 144a, 7.250%, 5/15/27		999,375
	1,451,000	Vistra Operations Co. LLC, 144a, 5.625%, 2/15/27		1,536,246

				7,660,999

		Total Corporate Bonds	$	198,715,908


Shares			Market Value
		Short-Term Investment Funds — 3.8%
	3,414,871	Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W	$	3,414,871
	4,371,243	Invesco Government & Agency Portfolio, Institutional Class, 2.19%**^¥W		4,371,243

		Total Short-Term Investment Funds	$	7,786,114

		Total Investment Securities —101.8% (Cost $204,642,537)	$	206,502,022
		Liabilities in Excess of Other Assets — (1.8%)		(3,742,507	)

		Net Assets — 100.0%	$	202,759,515

^(A)

Perpetual Bond - A bond with no definite maturity date.

**	Represents collateral for securities loaned.

†	All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2019 was $4,179,162.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

DAC - Designated Activity Company

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

REIT - 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 June 30, 2019, these securities were valued at $112,787,628 or 55.6% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Touchstone High Yield Fund (Unaudited) (Continued)

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Corporate Bonds

—

198,715,908

—

198,715,908

Short-Term Investment Funds

7,786,114

—

7,786,114

Total

7,786,114

198,715,908

—

206,502,022

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Impact Bond Fund – June 30, 2019 (Unaudited)


Principal Amount			Market Value
		Corporate Bonds — 31.5%
		Industrials — 8.7%
$	2,751,929	American Airlines 2016-3 Class AA Pass Through Trust, 3.000%, 10/15/28	$	2,745,879
	15,853	Burlington Northern and Santa Fe Railway Co. 2004-1 Pass Through Trust, 4.575%, 1/15/21		16,174
	147,122	Burlington Northern and Santa Fe Railway Co. 2005-3 Pass Through Trust, 4.830%, 1/15/23		151,200
	783,147	Burlington Northern and Santa Fe Railway Co. 2005-4 Pass Through Trust, 4.967%, 4/1/23		828,379
	436,361	Continental Airlines 2000-2 Class A-1 Pass Through Trust, 7.707%, 4/2/21		451,546
	981,749	Continental Airlines 2007-1 Class A Pass Through Trust, 5.983%, 4/19/22		1,041,341
	657,712	Continental Airlines 2012-2 Class A Pass Through Trust, 4.000%, 10/29/24		687,046
	1,904,408	CSX Transportation, Inc., 6.251%, 1/15/23		2,100,293
	545,244	Delta Air Lines 2007-1 Class B Pass Through Trust, 8.021%, 8/10/22		601,513
	596,949	Federal Express Corp. 1999 Pass Through Trust, 7.650%, 1/15/23		643,593
	2,583,000	GATX Corp., 3.250%, 3/30/25		2,589,552
	2,000,000	John Deere Capital Corp. MTN, 2.800%, 9/8/27		2,028,272
	1,180,000	Kansas City Southern, 3.000%, 5/15/23		1,198,060
	1,475,000	Kansas City Southern, 3.125%, 6/1/26		1,446,311
	1,941,000	Norfolk Southern Corp., 2.903%, 2/15/23		1,980,549
	1,408,000	Republic Services, Inc., 5.250%, 11/15/21		1,500,276
	1,330,000	SBA Tower Trust, 144a, 3.168%, 4/11/22		1,340,046
	1,145,306	Southwest Airlines Co. 2007-1 Pass Through Trust, 6.150%, 8/1/22		1,211,128
	842,704	Union Pacific Railroad Co. 2003 Pass Through Trust, 4.698%, 1/2/24		891,651
	484,479	Union Pacific Railroad Co. 2006 Pass Through Trust, 5.866%, 7/2/30		549,457
	1,616,000	Waste Management, Inc., 2.400%, 5/15/23		1,621,478

				25,623,744

		Financials — 7.7%
	2,444,000	Aflac, Inc., 3.250%, 3/17/25		2,525,890
	2,600,000	American Express Co., 2.650%, 12/2/22		2,628,504
	2,803,000	Delphi Financial Group, Inc., 7.875%, 1/31/20		2,883,069
	1,754,663	Fishers Lane Associates LLC, 144a, 3.666%, 8/5/30		1,817,519
	1,950,000	KeyBank NA/Cleveland OH, 3.350%, 6/15/21		1,989,987


Principal Amount			Market Value
		Financials — (Continued)
$	2,106,000	National Rural Utilities Cooperative Finance Corp., 3.400%, 11/15/23	$	2,197,184
	900,000	Nationwide Financial Services, Inc., 144a, 5.375%, 3/25/21		937,101
	708,000	Nationwide Mutual Insurance Co., 144a, 9.375%, 8/15/39		1,158,120
	1,291,000	PNC Bank NA, 2.500%, 1/22/21		1,295,319
	1,398,000	Torchmark Corp., 3.800%, 9/15/22		1,436,133
	2,000,000	USB Capital IX, 3.617%^(A)		1,635,000
	2,000,000	Wachovia Capital Trust III, 5.570%^(A)		2,000,920

				22,504,746

		Utilities — 7.0%
	1,623,000	California Water Service Co., 5.500%, 12/1/40		1,995,005
	1,598,000	Commonwealth Edison Co., 5.900%, 3/15/36		2,064,915
	1,983,000	Dominion Energy South Carolina, Inc., 4.600%, 6/15/43		2,245,503
	1,780,000	Dominion Energy, Inc., (3M LIBOR +2.300%), 4.630%, 9/30/66^(B)		1,664,300
	2,080,000	Duke Energy Progress LLC, 6.300%, 4/1/38		2,848,802
	2,382,000	Entergy Louisiana LLC, 4.440%, 1/15/26		2,577,182
	1,642,000	Georgia Power Co., 4.750%, 9/1/40		1,789,625
	249,583	Kiowa Power Partners LLC, 144a, 5.737%, 3/30/21		253,871
	2,000,000	NextEra Energy Capital Holdings, Inc., (3M LIBOR +2.068%), 4.386%, 10/1/66^(B)		1,652,920
	2,926,000	PacifiCorp., 8.050%, 9/1/22		3,398,514

				20,490,637

		Energy — 2.5%
	404,000	Apache Corp., 3.250%, 4/15/22		409,998
	1,253,000	Chesapeake Energy Corp., 6.625%, 8/15/20		1,262,398
	1,530,000	Newfield Exploration Co., 5.750%, 1/30/22		1,637,564
	592,000	Spectra Energy Partners LP, 3.500%, 3/15/25		607,683
	2,266,000	Tennessee Valley Authority, 4.650%, 6/15/35		2,737,187
	500,000	Texas Eastern Transmission LP, 7.000%, 7/15/32		654,183

				7,309,013

		Health Care — 1.9%
	2,516,800	CVS Pass-Through Trust, 6.036%, 12/10/28		2,818,163
	1,650,000	HCA, Inc., 4.250%, 10/15/19		1,656,695
	940,000	HCA, Inc., 5.250%, 4/15/25		1,041,480

				5,516,338

Touchstone Impact Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 31.5% (Continued)
		Consumer Discretionary — 1.9%
$	2,347,000	Ford Motor Credit Co. LLC, 4.375%, 8/6/23	$	2,410,274
	990,000	PulteGroup, Inc., 7.875%, 6/15/32		1,178,100
	1,300,000	Royal Caribbean Cruises Ltd. (Liberia), 5.250%, 11/15/22		1,409,095
	466,000	Service Corp. International, 5.375%, 5/15/24		479,398

				5,476,867

		Consumer Staples — 0.9%
	1,500,000	Kroger Co. (The), 3.850%, 8/1/23		1,570,831
	1,000,000	Kroger Co. (The), 4.500%, 1/15/29		1,088,653

				2,659,484

		Communication Services — 0.5%
	1,250,000	Verizon Communications, Inc., 5.012%, 4/15/49		1,488,737

		Real Estate — 0.4%
	1,242,000	Crown Castle International Corp. REIT, 4.300%, 2/15/29		1,342,098

		Total Corporate Bonds	$	92,411,664

		U.S. Government Agency Obligations — 24.2%
	1,214,000	Canal Barge Co., Inc., 4.500%, 11/12/34		1,346,387
	1,345,558	Helios Leasing I LLC, 1.734%, 7/24/24		1,330,971
	1,242,000	Matson Navigation Co., Inc., 5.337%, 9/4/28		1,378,044
	1,095,000	Petroleos Mexicanos (Mexico), 2.290%, 2/15/24		1,098,230
	1,885,579	Reliance Industries Ltd. (India), 1.870%, 1/15/26		1,866,305
	59,129	Small Business Administration Participation Certificates, Ser 2002-20H, Class 1, 5.310%, 8/1/22		60,795
	17,356	Small Business Administration Participation Certificates, Ser 2003-20D, Class 1, 4.760%, 4/1/23		18,000
	73,821	Small Business Administration Participation Certificates, Ser 2004-20D, Class 1, 4.770%, 4/1/24		76,918
	149,078	Small Business Administration Participation Certificates, Ser 2004-20K, Class 1, 4.880%, 11/1/24		156,497
	145,749	Small Business Administration Participation Certificates, Ser 2005-20H, Class 1, 5.110%, 8/1/25		153,143
	225,505	Small Business Administration Participation Certificates, Ser 2006-20H, Class 1, 5.700%, 8/1/26		240,469
	273,741	Small Business Administration Participation Certificates, Ser 2006-20K, Class 1, 5.360%, 11/1/26		291,223
	388,400	Small Business Administration Participation Certificates, Ser 2006-20L, Class 1, 5.120%, 12/1/26		411,286


Principal Amount			Market Value
		U.S. Government Agency Obligations — 24.2% (Continued)
$	388,081	Small Business Administration Participation Certificates, Ser 2007-20A, Class 1, 5.320%, 1/1/27	$	410,786
	442,189	Small Business Administration Participation Certificates, Ser 2007-20E, Class 1, 5.310%, 5/1/27		473,561
	136,943	Small Business Administration Participation Certificates, Ser 2007-20F, Class 1, 5.710%, 6/1/27		146,990
	527,662	Small Business Administration Participation Certificates, Ser 2007-20L, Class 1, 5.290%, 12/1/27		559,453
	334,488	Small Business Administration Participation Certificates, Ser 2008-20A, Class 1, 5.170%, 1/1/28		357,485
	552,995	Small Business Administration Participation Certificates, Ser 2008-20K, Class 1, 6.770%, 11/1/28		608,919
	1,138,669	Small Business Administration Participation Certificates, Ser 2009-20C, Class 1, 4.660%, 3/1/29		1,209,715
	341,840	Small Business Administration Participation Certificates, Ser 2009-20D, Class 1, 4.310%, 4/1/29		363,139
	672,235	Small Business Administration Participation Certificates, Ser 2009-20E, Class 1, 4.430%, 5/1/29		707,377
	386,197	Small Business Administration Participation Certificates, Ser 2009-20F, Class 1, 4.950%, 6/1/29		415,904
	622,151	Small Business Administration Participation Certificates, Ser 2009-20J, Class 1, 3.920%, 10/1/29		659,811
	1,255,399	Small Business Administration Participation Certificates, Ser 2010-20F, Class 1, 3.880%, 6/1/30		1,332,484
	1,206,518	Small Business Administration Participation Certificates, Ser 2010-20I, Class 1, 3.210%, 9/1/30		1,246,691
	438,169	Small Business Administration Participation Certificates, Ser 2012-10C, Class 1, 1.240%, 5/1/22		435,699
	3,614,273	Small Business Administration Participation Certificates, Ser 2013-20C, Class 1, 2.220%, 3/1/33		3,596,713
	2,357,087	Small Business Administration Participation Certificates, Ser 2013-20E, Class 1, 2.070%, 5/1/33		2,327,411
	2,311,947	Small Business Administration Participation Certificates, Ser 2013-20G, Class 1, 3.150%, 7/1/33		2,378,346
	1,962,172	Small Business Administration Participation Certificates, Ser 2014-20H, Class 1, 2.880%, 8/1/34		2,009,088

Touchstone Impact Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		U.S. Government Agency Obligations — 24.2% (Continued)
$	1,503,120	Small Business Administration Participation Certificates, Ser 2014-20K, Class 1, 2.800%, 11/1/34	$	1,534,650
	2,469,630	Small Business Administration Participation Certificates, Ser 2015-20I, Class 1, 2.820%, 9/1/35		2,534,536
	3,499,040	Small Business Administration Participation Certificates, Ser 2016-20A, Class 1, 2.780%, 1/1/36		3,581,488
	2,973,272	Small Business Administration Participation Certificates, Ser 2017-10A, Class 1, 2.845%, 3/10/27		3,023,424
	2,597,987	Small Business Administration Participation Certificates, Ser 2017-10B, Class 1, 2.518%, 9/10/27		2,619,062
	3,023,091	Small Business Administration Participation Certificates, Ser 2017-20E, Class 1, 2.880%, 5/1/37		3,111,399
	3,082,398	Small Business Administration Participation Certificates, Ser 2017-20F, Class 1, 2.810%, 6/1/37		3,159,417
	3,106,353	Small Business Administration Participation Certificates, Ser 2017-20K, Class 1, 2.790%, 11/1/37		3,183,557
	3,081,389	Small Business Administration Participation Certificates, Ser 2017-20L, Class 1, 2.780%, 12/1/37		3,156,515
	2,700,544	Small Business Administration Participation Certificates, Ser 2018-20C, Class 1, 3.200%, 3/1/38		2,833,440
	2,496,371	Small Business Administration Participation Certificates, Ser 2018-25D, Class 1, 3.890%, 10/1/43		2,719,536
	2,662,000	Small Business Administration Participation Certificates, Ser 2019-20A, Class 1, 3.370%, 1/1/39		2,812,124
	2,800,000	Small Business Administration Participation Certificates, Ser 2019-25B, Class 1, 3.450%, 2/1/44		2,879,330
	2,770,000	Small Business Administration Participation Certificates, Ser 2019-25E, Class 1, 3.070%, 5/1/44		2,867,991
	14,260	Sterling Equipment, 6.125%, 9/28/19		14,365
	993,422	Tagua Leasing LLC, 1.581%, 11/16/24		979,194
	812,000	Totem Ocean Trailer Express, Inc., 6.365%, 4/15/28		943,067
	1,208,000	Vessel Management Services, Inc., 5.125%, 4/16/35		1,393,108

		Total U.S. Government Agency Obligations	$	71,014,043

		U.S. Government Mortgage-Backed Obligations — 14.3%
	1,513,131	FHLMC, Pool #W30008,
		7.645%, 5/1/25		1,714,842


Principal Amount			Market Value
		U.S. Government Mortgage-Backed Obligations — 14.3% (Continued)
$	195,225	FNMA, Pool #465711, 4.680%, 8/1/28	$	220,445
	1,460,701	FNMA, Pool #469616, 3.500%, 11/1/21		1,502,191
	103,266	FNMA, Pool #874210, 5.260%, 1/1/25		108,602
	764,433	FNMA, Pool #888829, 5.900%, 6/1/37		878,973
	161,667	FNMA, Pool #AD0166, 4.785%, 8/1/19		161,648
	143,491	FNMA, Pool #AD0342, 4.647%, 10/1/19		143,742
	311,642	FNMA, Pool #AD0786, 4.501%, 1/1/20		311,341
	188,331	FNMA, Pool #AD0910, 4.596%, 4/1/20		190,089
	30,383	FNMA, Pool #AE0209, 4.380%, 6/1/20		30,895
	290,945	FNMA, Pool #AE0446, 4.041%, 9/1/20		296,113
	1,513,367	FNMA, Pool #AH8854, 4.500%, 4/1/41		1,625,450
	1,690,124	FNMA, Pool #AM0157, 2.680%, 2/1/22		1,714,024
	3,359,000	FNMA, Pool #AN3613, 2.680%, 12/1/26		3,404,173
	2,946,558	FNMA, Pool #AN5183, 3.250%, 4/1/27		3,090,698
	4,192,833	FNMA, Pool #AS8650, 3.000%, 1/1/47		4,245,527
	656,158	FNMA, Pool #AT0924, 2.000%, 3/1/28		651,745
	1,727,145	FNMA, Pool #BC0153, 4.000%, 1/1/46		1,806,463
	4,337,943	FNMA, Pool #BE3695, 3.500%, 6/1/47		4,463,365
	3,651,895	FNMA, Pool #MA3564, 4.500%, 1/1/49		3,814,598
	5,463,644	FNMA, Pool #MA3592, 4.000%, 2/1/49		5,645,683
	5,576,601	FNMA, Pool #MA3593, 4.500%, 2/1/49		5,825,055

		Total U.S. Government Mortgage-Backed Obligations	$	41,845,662

		Agency Collateralized Mortgage Obligations — 14.2%
	2,853,310	FHLMC Multifamily Structured Pass Through Certificates, Ser KW03 Class A1, 2.617%, 12/25/26		2,892,954
	1,020,037	FREMF Mortgage Trust, Ser 2012-K19, Class B, 144a, 4.167%, 5/25/45^(B)(C)		1,062,452
	3,000,000	FREMF Mortgage Trust, Ser 2012-K23, Class B, 144a, 3.782%, 10/25/45^(B)(C)		3,098,468
	1,300,000	FREMF Mortgage Trust, Ser 2013-K30, Class B, 144a, 3.669%, 6/25/45^(B)(C)		1,342,062
	1,528,000	FREMF Mortgage Trust, Ser 2014-K716, Class B, 144a, 4.080%, 8/25/47^(B)(C)		1,573,112
	1,763,555	FRESB Mortgage Trust, Ser 2015-SB9, Class A5, (1M LIBOR +0.700%), 2.515%, 11/25/35^(B)		1,766,519
	1,168,894	FRESB Mortgage Trust, Ser 2016-SB17, Class A5H, 2.160%, 5/25/36^(B)(C)		1,165,871
	2,053,016	FRESB Mortgage Trust, Ser 2017-SB27, Class A10F, 3.090%, 1/25/27^(B)(C)		2,119,912
	2,398,875	FRESB Mortgage Trust, Ser 2018-SB46, Class A10F, 3.300%, 12/25/27^(B)(C)		2,510,405
	2,600,000	GNMA, Ser 2011-142, Class B, 3.485%, 2/16/44^(B)(C)		2,643,830
	2,696,305	GNMA, Ser 2012-1, Class C, 3.310%, 11/16/49		2,733,600
	2,975,000	GNMA, Ser 2012-46, Class C, 3.176%, 5/16/50^(B)(C)		3,038,032
	1,440,422	GNMA, Ser 2012-53, Class AC, 2.381%, 12/16/43		1,429,948

Touchstone Impact Bond Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Agency Collateralized Mortgage Obligations — 14.2% (Continued)
$	961,583	GNMA, Ser 2013-40, Class AC, 1.584%, 1/16/46	$	931,626
	2,540,000	GNMA, Ser 2015-32, Class HG, 3.000%, 9/16/49^(B)(C)		2,487,446
	3,117,221	GNMA, Ser 2015-37, Class AD, 2.600%, 11/16/55		3,099,261
	3,512,000	GNMA, Ser 2015-73, Class B, 2.700%, 10/16/55^(B)(C)		3,396,534
	2,555,848	GNMA, Ser 2017-46, Class AB, 2.600%, 1/16/52		2,526,212
	1,808,730	GNMA, Ser 2017-H11, Class FV, (1M LIBOR +0.500%), 2.967%, 5/20/67^(B)		1,809,548

		Total Agency Collateralized Mortgage Obligations	$	41,627,792

		Municipal Bonds — 6.0%
		California — 1.8%
	684,103	California HFA Residential Mortgage Revenue, Ser A, 2.900%, 2/1/42		676,126
	1,465,000	City of San Francisco Public Utilities Commission Water Revenue, Build America Bonds, 6.950%, 11/1/50		2,255,324
	1,710,000	East Bay Municipal Utility District Water System Revenue, Build America Bonds Sub, 5.874%, 6/1/40		2,328,712

				5,260,162

		Florida — 0.3%
	1,005,767	Florida State HFC Revenue, Homeownership Mortgage Special Project, 2.800%, 7/1/41		1,005,777

		Louisiana — 0.5%
	1,611,791	Louisiana State Housing Corp., Revenue, 2.875%, 11/1/38		1,603,829

		Missouri — 0.2%
	645,000	Missouri State Housing Development Commission, Special Homeownership Loan Program, Ser C, 2.650%, 11/1/40		643,388

		New York — 0.6%
	1,400,000	Port Authority of New York and New Jersey, Cons One Hundred Sixty-Eight, 4.926%, 10/1/51		1,763,356

		Ohio — 0.5%
	1,530,000	Ohio State HFA, Revenue, Ser 1, 2.650%, 11/1/41		1,515,740

		Texas — 1.1%
	1,770,000	Dallas Area Rapid Transit, Revenue, Build America Bonds, Ser B, 5.999%, 12/1/44		2,497,081


Principal Amount			Market Value
		Municipal Bonds — 6.0% (Continued)
$	585,000	Texas State Department of Housing & Community Affairs, Revenue, Ser A, 2.800%, 3/1/36	$	582,449

				3,079,530

		Virginia — 0.3%
	910,350	Virginia State Housing Development Authority, Pass Thru Ser B, 2.750%, 4/25/42		907,692

		Washington — 0.7%
	1,515,000	State of Washington, Build America Bonds, Ser D, UTGO, 5.481%, 8/1/39		1,938,033

		Total Municipal Bonds	$	17,717,507

		U.S. Treasury Obligations — 5.5%
	5,000,000	U.S. Treasury Note, 3.125%, 11/15/28		5,484,180
	10,429,000	U.S. Treasury Strip, Principal, 0.000%, 5/15/43^(D)		5,672,692
	5,379,000	U.S. Treasury Strip, Principal, 0.000%, 5/15/45^(D)		2,764,270
	4,862,000	U.S. Treasury Strip, Principal, 0.000%, 5/15/48^(D)		2,297,910

		Total U.S. Treasury Obligations	$	16,219,052

		Asset-Backed Securities — 1.7%
	1,253,324	321 Henderson Receivables I LLC, Ser 2012-1A, Class A, 144a, 4.210%, 2/16/65		1,365,902
	1,123,508	321 Henderson Receivables I LLC, Ser 2012-2A, Class A, 144a, 3.840%, 10/15/59		1,202,444
	1,426,967	321 Henderson Receivables I LLC, Ser 2015-2A, Class A, 144a, 3.870%, 3/15/58		1,547,557
	70,985	FPL Recovery Funding LLC, Ser 2007-A, Class A4, 5.256%, 8/1/21		71,054
	865,460	JCP&L Transition Funding II LLC, Ser 2006-A, Class A4, 5.610%, 6/5/23		891,715

		Total Asset-Backed Securities	$	5,078,672

		Commercial Mortgage-Backed Security — 0.1%
	428,701	CD Commercial Mortgage Trust, Ser 2006-CD3, Class AJ, 5.688%, 10/15/48	$	240,287

Touchstone Impact Bond Fund (Unaudited) (Continued)


Shares			Market Value
		Short-Term Investment Fund — 1.8%
	5,390,030	Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W	$	5,390,030

		Total Investment Securities — 99.3% (Cost $284,508,854)	$	291,544,709
		Other Assets in Excess of Liabilities — 0.7%		1,974,788

		Net Assets — 100.0%	$	293,519,497

^(A)

Perpetual Bond - A bond with no definite maturity date.

^(B)

Variable rate security - Rate reflected is the rate in effect as of June 30, 2019.

^(C)

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.

^(D)

Strip Security - Separate trading of Registered Interest and Principal. Holders of a principal strip security are entitled to the portion of the payment representing principal only.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

FREMF - Freddie Mac Multifamily Securization

FRESB - Freddie Mac Multifamily Securitization Small Balance Loan

GNMA - Government National Mortgage Association

HFA - Housing Finance Authority/Agency

HFC - Housing Finance Corporation

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

MTN - Medium Term Note

REIT - Real Estate Investment Trust

UTGO - Unlimited Tax General Obligation

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 June 30, 2019, these securities were valued at $16,698,654 or 5.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Corporate Bonds

—

92,411,664

—

92,411,664

U.S. Government Agency Obligations

—

71,014,043

—

71,014,043

U.S. Government Mortgage-Backed Obligations

—

41,845,662

—

41,845,662

Agency Collateralized Mortgage Obligations

—

41,627,792

—

41,627,792

Municipal Bonds

—

17,717,507

—

17,717,507

U.S. Treasury Obligations

—

16,219,052

—

16,219,052

Asset-Backed Securities

—

5,078,672

—

5,078,672

Commercial Mortgage-Backed Security

—

240,287

—

240,287

Short-Term Investment Fund

5,390,030

—

5,390,030

Total

5,390,030

286,154,679

—

291,544,709

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Mid Cap Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 97.4%
Industrials — 20.8%
Armstrong World Industries, Inc.		678,850	$	65,984,220
Cintas Corp.		226,620		53,774,660
Copart, Inc.*		924,178		69,073,064
Old Dominion Freight Line, Inc.		403,290		60,195,065
Sensata Technologies Holding PLC*		670,245		32,842,005

				281,869,014

Information Technology — 19.7%
Amphenol Corp. - Class A		557,640		53,499,982
CDK Global, Inc.		539,200		26,658,048
Citrix Systems, Inc.		422,180		41,432,745
Entegris, Inc.		1,309,305		48,863,263
Paychex, Inc.		689,825		56,765,699
Skyworks Solutions, Inc.		517,815		40,011,565

				267,231,302

Consumer Discretionary — 17.9%
CarMax, Inc.*		597,025		51,839,681
Dollar Tree, Inc.*		527,490		56,647,151
Hasbro, Inc.		383,235		40,500,275
Penske Automotive Group, Inc.		670,494		31,714,366
Tiffany & Co.		398,545		37,319,754
Whirlpool Corp.		172,045		24,492,326

				242,513,553

Materials — 13.3%
AXAlta Coating Systems Ltd.*		1,126,200		33,526,974
Ball Corp.		684,885		47,935,101
NewMarket Corp.		101,555		40,717,462
Vulcan Materials Co.		425,040		58,362,242

				180,541,779

Financials — 10.8%
Alleghany Corp.*		78,940		53,766,823
M&T Bank Corp.		280,205		47,654,464
T Rowe Price Group, Inc.		415,585		45,593,830

				147,015,117

Consumer Staples — 9.2%
Brown-Forman Corp. - Class B		719,525		39,883,271
Energizer Holdings, Inc.		473,601		18,299,943
Lamb Weston Holdings, Inc.		451,810		28,626,682
Post Holdings, Inc.*		366,620		38,117,481

				124,927,377

Real Estate — 3.4%
STORE Capital Corp. REIT		1,380,810		45,829,084

Health Care — 2.3%
Perrigo Co. PLC (Ireland)		641,980		30,571,088

Total Common Stocks			$	1,320,498,314


	Shares		Market Value
Short-Term Investment Fund — 1.9%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		26,112,643	$	26,112,643

Total Investment Securities —99.3% (Cost $1,097,483,878)			$	1,346,610,957
Other Assets in Excess of Liabilities — 0.7%				9,494,881

Net Assets — 100.0%			$	1,356,105,838

*	Non-income producing security.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

PLC - Public Limited Company

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

1,320,498,314

—

1,320,498,314

Short-Term Investment Fund

26,112,643

—

26,112,643

Total

1,346,610,957

—

1,346,610,957

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Mid Cap Value Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 98.2%
Financials — 15.5%
AGNC Investment Corp.		609,725	$	10,255,574
Allstate Corp. (The)		129,224		13,140,789
Ameriprise Financial, Inc.		95,649		13,884,409
Hartford Financial Services Group, Inc. (The)		216,785		12,079,260
M&T Bank Corp.		45,003		7,653,660
PacWest Bancorp		230,657		8,956,411
Pinnacle Financial Partners, Inc.		193,272		11,109,275
Reinsurance Group of America, Inc.		82,670		12,899,000
Signature Bank		100,304		12,120,735
Sterling Bancorp.		599,850		12,764,808

				114,863,921

Utilities — 11.1%
DTE Energy Co.		105,356		13,472,925
Edison International		125,698		8,473,302
Entergy Corp.		117,656		12,110,332
Evergy, Inc.		317,277		19,084,212
NiSource, Inc.		560,631		16,146,175
Pinnacle West Capital Corp.		139,352		13,111,630

				82,398,576

Information Technology — 10.9%
Conduent, Inc.*		851,984		8,170,527
Fidelity National Information Services, Inc.		130,494		16,009,004
Leidos Holdings, Inc.		187,629		14,982,176
MACOM Technology Solutions Holdings, Inc.*		857,593		12,975,382
PTC, Inc.*		116,246		10,434,241
Qorvo, Inc.*		124,428		8,288,149
Synopsys, Inc.*		80,271		10,330,075

				81,189,554

Materials — 10.6%
Allegheny Technologies, Inc.*		275,942		6,953,738
Berry Global Group, Inc.*		243,918		12,827,648
FMC Corp.		173,094		14,358,147
Livent Corp.*		598,016		4,138,271
Olin Corp.		334,206		7,322,453
RPM International, Inc.		190,028		11,612,611
Scotts Miracle-Gro Co. (The)		102,851		10,130,823
Valvoline, Inc.		580,381		11,334,841

				78,678,532

Consumer Discretionary — 9.7%
Aramark		121,889		4,395,317
BorgWarner, Inc.		206,674		8,676,175
Carter’s, Inc.		98,329		9,591,011
Dollar General Corp.		68,986		9,324,148
Dollar Tree, Inc.*		109,333		11,741,271
LKQ Corp.*		637,799		16,971,831
Michaels Cos., Inc. (The)*		363,832		3,165,338
Newell Brands, Inc.		511,819		7,892,249

				71,757,340


	Shares		Market Value
Consumer Staples — 9.4%
Constellation Brands, Inc. - Class A		47,891	$	9,431,654
Darling Ingredients, Inc.*		751,304		14,943,437
Hain Celestial Group, Inc. (The)*		341,119		7,470,506
Ingredion, Inc.		75,898		6,260,826
Kroger Co. (The)		355,085		7,708,895
TreeHouse Foods, Inc.*		242,517		13,120,170
Tyson Foods, Inc. - Class A		136,675		11,035,139

				69,970,627

Industrials — 9.3%
Aercap Holdings N.V. (Ireland)*		220,077		11,446,205
Clean Harbors, Inc.*		171,970		12,227,067
Dover Corp.		76,793		7,694,659
Parker-Hannifin Corp.		40,630		6,907,506
Regal-Beloit Corp.		151,514		12,380,209
Snap-on, Inc.		64,753		10,725,687
Stericycle, Inc.*		154,618		7,383,009

				68,764,342

Health Care — 9.0%
AmerisourceBergen Corp.		61,932		5,280,322
Centene Corp.*		173,769		9,112,446
Charles River Laboratories International, Inc.*		53,338		7,568,662
DENTSPLY SIRONA, Inc.		235,171		13,724,580
Encompass Health Corp.		205,099		12,995,073
Patterson Cos., Inc.		261,976		5,999,250
Quest Diagnostics, Inc.		117,668		11,979,779

				66,660,112

Real Estate — 8.9%
Alexandria Real Estate Equities, Inc., REIT		101,997		14,390,757
American Campus Communities, Inc., REIT		269,170		12,424,887
Brixmor Property Group, Inc., REIT		512,524		9,163,929
Equinix, Inc., REIT		21,020		10,600,176
Host Hotels & Resorts, Inc., REIT		474,434		8,644,187
Mid-America Apartment Communities, Inc., REIT		91,699		10,798,474

				66,022,410

Energy — 3.8%
Cimarex Energy Co.		141,357		8,386,711
Diamondback Energy, Inc.		112,158		12,221,857
EQT Corp.		259,154		4,097,225
Equitrans Midstream Corp.		159,697		3,147,628

				27,853,421

Total Common Stocks			$	728,158,835

Exchange-Traded Fund — 1.0%
iShares Russell Mid-Cap Value ETF		83,873	$	7,475,600

Touchstone Mid Cap Value Fund (Unaudited) (Continued)


	Shares		Market Value
Short-Term Investment Fund — 1.4%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		10,072,010	$	10,072,010

Total Investment Securities —100.6% (Cost $671,571,382)			$	745,706,445
Liabilities in Excess of Other Assets — (0.6%)				(4,172,446	)

Net Assets — 100.0%			$	741,533,999

*	Non-income producing security.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

ETF - Exchange-Traded Fund

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

728,158,835

—

728,158,835

Exchange-Traded Fund

7,475,600

—

7,475,600

Short-Term Investment Fund

10,072,010

—

10,072,010

Total

745,706,445

—

745,706,445

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Premium Yield Equity Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 99.2%
Financials — 19.9%
Citigroup, Inc.		29,446	$	2,062,103
Citizens Financial Group, Inc.		52,962		1,872,736
Fidelity National Financial, Inc.		47,133		1,899,460
Huntington Bancshares, Inc.		105,824		1,462,488
JPMorgan Chase & Co.		12,541		1,402,084
Old Republic International Corp.		44,319		991,859
Regions Financial Corp.		64,117		957,908

				10,648,638

Information Technology — 18.2%
Broadcom, Inc.		6,130		1,764,582
Cisco Systems, Inc.		33,566		1,837,067
KLA-Tencor Corp.		8,944		1,057,181
Nokia OYJ (Finland), ADR		186,322		933,473
Sabre Corp.		57,485		1,276,167
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR		32,360		1,267,541
Texas Instruments, Inc.		14,271		1,637,740

				9,773,751

Consumer Discretionary — 14.5%
Home Depot, Inc. (The)		8,040		1,672,079
Kohl’s Corp.		19,296		917,525
Magna International, Inc. (Canada)		33,164		1,648,251
Target Corp.		21,406		1,853,974
Whirlpool Corp.		11,959		1,702,483

				7,794,312

Energy — 8.4%
Enbridge, Inc. (Canada)		44,118		1,591,778
Occidental Petroleum Corp.		21,406		1,076,294
TOTAL SA (France), ADR		32,762		1,827,792

				4,495,864

Health Care — 7.9%
Gilead Sciences, Inc.		32,662		2,206,645
Pfizer, Inc.		47,033		2,037,470

				4,244,115

Utilities — 6.3%
AES Corp.		111,753		1,872,980
CenterPoint Energy, Inc.		53,465		1,530,703

				3,403,683

Industrials — 6.3%
Cummins, Inc.		10,251		1,756,406
Eaton Corp. PLC		19,497		1,623,710

				3,380,116

Real Estate — 5.7%
Crown Castle International Corp., REIT		12,060		1,572,021
Lamar Advertising Co. - Class A, REIT		18,492		1,492,489

				3,064,510

Communication Services — 5.4%
BCE, Inc. (Canada)		20,803		946,120


	Shares		Market Value
Communication Services — (Continued)
Verizon Communications, Inc.		34,169	$	1,952,075

				2,898,195

Materials — 3.3%
LyondellBasell Industries NV - Class A		20,702		1,783,063

Consumer Staples — 3.3%
Coca-Cola European Partners PLC (United Kingdom)		31,255		1,765,908

Total Common Stocks			$	53,252,155

Short-Term Investment Fund — 1.1%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		587,781	$	587,781

Total Investment Securities —100.3% (Cost $47,509,582)			$	53,839,936
Liabilities in Excess of Other Assets — (0.3%)				(181,578	)

Net Assets — 100.0%			$	53,658,358

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

53,252,155

—

53,252,155

Short-Term Investment Fund

587,781

—

587,781

Total

53,839,936

—

53,839,936

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Sands Capital Select Growth Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 96.5%
Information Technology — 33.4%
Adobe, Inc.*		265,051	$	78,097,277
Atlassian Corp. PLC (Australia) - Class A*		183,960		24,069,326
Intuit, Inc.		161,509		42,207,147
Palo Alto Networks, Inc.*		73,666		15,010,184
salesforce.com, Inc.*		521,986		79,200,936
ServiceNow, Inc.*		564,023		154,863,795
Twilio, Inc. - Class A*		206,792		28,196,089
Visa, Inc. - Class A		894,604		155,258,524
Workday, Inc. - Class A*		178,784		36,754,415

				613,657,693

Communication Services — 20.5%
Activision Blizzard, Inc.		572,105		27,003,356
Alphabet, Inc. - Class A*		80,055		86,683,554
Alphabet, Inc. - Class C*		5,290		5,718,014
Facebook, Inc. - Class A*		388,182		74,919,126
Match Group, Inc.		968,028		65,119,244
Netflix, Inc.*		318,367		116,942,566

				376,385,860

Health Care — 17.9%
ABIOMED, Inc.*		100,545		26,190,967
Align Technology, Inc.*		168,049		45,995,011
BioMarin Pharmaceutical, Inc.*		343,315		29,404,930
Edwards Lifesciences Corp.*		385,127		71,148,362
Illumina, Inc.*		206,656		76,080,406
Mirati Therapeutics, Inc.*		134,718		13,875,954
Sarepta Therapeutics, Inc.*		191,953		29,167,258
Zoetis, Inc.		326,695		37,076,616

				328,939,504

Consumer Discretionary — 16.8%
Alibaba Group Holding Ltd. (China) ADR*		709,640		120,248,498
Amazon.com, Inc.*		80,589		152,605,748
Floor & Decor Holdings, Inc. - Class A*		846,051		35,449,538

				308,303,784

Industrials — 4.3%
CoStar Group, Inc.*		144,733		80,190,766

Consumer Staples — 3.6%
Monster Beverage Corp.*		1,051,610		67,124,266

Total Common Stocks			$	1,774,601,873


	Shares		Market Value
Short-Term Investment Fund — 3.8%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		69,559,464	$	69,559,464

Total Investment Securities —100.3% (Cost $881,865,166)			$	1,844,161,337
Liabilities in Excess of Other Assets — (0.3%)				(5,369,952	)

Net Assets — 100.0%			$	1,838,791,385

*	Non-income producing security.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviation:

ADR - American Depositary Receipt

PLC - Public Limited Company

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

1,774,601,873

—

1,774,601,873

Short-Term Investment Fund

69,559,464

—

69,559,464

Total

1,844,161,337

—

1,844,161,337

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Small Cap Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 96.8%
Industrials — 25.3%
Armstrong World Industries, Inc.		35,271	$	3,428,341
GATX Corp.		39,161		3,105,076
Kaman Corp.		50,301		3,203,671
Landstar System, Inc.		39,984		4,317,872
Masonite International Corp.*		34,672		1,826,521
Matson, Inc.		47,792		1,856,719
UniFirst Corp.		12,526		2,362,028

				20,100,228

Consumer Discretionary — 15.5%
Churchill Downs, Inc.		29,339		3,376,039
LCI Industries		17,087		1,537,830
Penske Automotive Group, Inc.		63,413		2,999,435
Sturm Ruger & Co., Inc.		35,606		1,939,815
Tempur Sealy International, Inc.*		33,485		2,456,794

				12,309,913

Financials — 14.5%
Atlantic Union Bankshares Corp.		72,103		2,547,399
Eaton Vance Corp.		45,884		1,978,977
MBIA, Inc.*		143,920		1,339,895
Moelis & Co., Class A		72,232		2,524,508
White Mountains Insurance Group Ltd.		3,063		3,128,732

				11,519,511

Materials — 14.2%
GCP Applied Technologies, Inc.*		100,945		2,285,395
Ingevity Corp.*		39,365		4,140,017
NewMarket Corp.		10,245		4,107,630
Tredegar Corp.		42,777		710,954

				11,243,996

Real Estate — 8.8%
Alexander & Baldwin, Inc. REIT		124,657		2,879,577
First Industrial Realty Trust, Inc. REIT		97,338		3,576,198
Tejon Ranch Co.*		33,060		548,465

				7,004,240

Information Technology — 6.6%
Entegris, Inc.		64,204		2,396,093
Versum Materials, Inc.		55,174		2,845,875

				5,241,968

Consumer Staples — 3.6%
Energizer Holdings, Inc.		34,819		1,345,406
PriceSmart, Inc.		29,806		1,523,683

				2,869,089

Communication Services — 3.2%
MSG Networks, Inc., Class A*		121,406		2,517,960


	Shares		Market Value
Energy — 2.7%
Dril-Quip, Inc.*		44,174	$	2,120,352

Health Care — 2.4%
Bruker Corp.		38,969		1,946,502

Total Common Stocks			$	76,873,759

Short-Term Investment Fund — 3.5%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W		2,756,243	$	2,756,243

Total Investment Securities —100.3% (Cost $57,818,775)			$	79,630,002
Liabilities in Excess of Other Assets — (0.3%)				(270,474	)

Net Assets — 100.0%			$	79,359,528

*	Non-income producing security.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviation:

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

76,873,759

—

76,873,759

Short-Term Investment Fund

2,756,243

—

2,756,243

Total

79,630,002

—

79,630,002

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Small Cap Value Fund – June 30, 2019 (Unaudited)


	Shares		Market Value
Common Stocks — 96.3%
Industrials — 22.1%
Actuant Corp. - Class A		29,540	$	732,887
Altra Industrial Motion Corp.		27,210		976,295
BWX Technologies, Inc.		25,827		1,345,587
CIRCOR International, Inc.*		13,261		610,006
Clean Harbors, Inc.*		17,457		1,241,193
EMCOR Group, Inc.		8,871		781,535
EnPro Industries, Inc.		15,223		971,836
Generac Holdings, Inc.*		21,380		1,483,986
Hexcel Corp.		14,302		1,156,746
Huron Consulting Group, Inc.*		24,222		1,220,304
ITT, Inc.		24,961		1,634,446
Kelly Services, Inc. - Class A		27,314		715,354
Korn/Ferry International		26,809		1,074,237
Masonite International Corp.*		10,575		557,091
Matthews International Corp. - Class A		17,991		626,986
Milacron Holdings Corp.*		102,406		1,413,203
Regal Beloit Corp.		14,300		1,168,453
SPX FLOW, Inc.*		11,374		476,116
Standex International Corp.		14,948		1,093,297
Team, Inc.*		80,399		1,231,713
TriMas Corp.*		29,704		919,933

				21,431,204

Financials — 17.4%
Banc of California, Inc.		39,234		548,099
Bank of NT Butterfield & Son Ltd. (The) (Bermuda)		40,561		1,377,452
BankUnited, Inc.		45,315		1,528,928
Blackstone Mortgage Trust, Inc. - Class A REIT		55,341		1,969,033
Chemical Financial Corp.		15,556		639,507
Eagle Bancorp, Inc.		18,021		975,477
Federated Investors, Inc. - Class B		12,966		421,395
First Horizon National Corp.		78,211		1,167,690
FNB Corp.		141,037		1,660,005
Hanover Insurance Group, Inc. (The)		4,549		583,637
IBERIABANK Corp.		25,314		1,920,067
ProAssurance Corp.		19,904		718,733
Sterling Bancorp.		104,561		2,225,058
Univest Corp. of Pennsylvania		45,428		1,192,939

				16,928,020

Materials — 11.7%
Allegheny Technologies, Inc.*		45,395		1,143,954
Cabot Corp.		14,064		670,993
HB Fuller Co.		18,652		865,453
Ingevity Corp.*		8,453		889,002
Livent Corp.*		79,096		547,344
Olin Corp.		46,464		1,018,026
Owens-Illinois, Inc.		55,925		965,825
Sensient Technologies Corp.		22,513		1,654,255
Silgan Holdings, Inc.		26,376		807,106
Valvoline, Inc.		72,587		1,417,624
WR Grace & Co.		17,795		1,354,377

				11,333,959


	Shares		Market Value
Information Technology — 11.1%
Belden, Inc.		12,593	$	750,165
CACI International, Inc. - Class A*		9,127		1,867,293
Conduent, Inc.*		112,763		1,081,397
ExlService Holdings, Inc.*		20,937		1,384,564
MACOM Technology Solutions Holdings, Inc.*		138,547		2,096,216
ManTech International Corp. - Class A		22,460		1,478,991
Semtech Corp.*		10,740		516,057
Viavi Solutions, Inc.*		117,877		1,566,585

				10,741,268

Consumer Staples — 9.8%
Cal-Maine Foods, Inc.		17,801		742,658
Darling Ingredients, Inc.*		98,655		1,962,248
Hain Celestial Group, Inc. (The)*		45,295		991,960
Hostess Brands, Inc.*		94,396		1,363,078
Performance Food Group Co.*		32,581		1,304,217
Sanderson Farms, Inc.		4,951		676,109
Spectrum Brands Holdings, Inc.		13,184		708,904
TreeHouse Foods, Inc.*		31,983		1,730,280

				9,479,454

Consumer Discretionary — 6.2%
Callaway Golf Co.		37,947		651,170
Carter’s, Inc.		10,827		1,056,066
Del Frisco’s Restaurant Group, Inc.*†		56,836		452,415
Michaels Cos., Inc. (The)*		41,192		358,370
Murphy USA, Inc.*		22,019		1,850,257
Oxford Industries, Inc.		8,979		680,608
Steven Madden Ltd.		17,214		584,415
Vista Outdoor, Inc.*		46,404		412,068

				6,045,369

Utilities — 4.9%
Black Hills Corp.		12,214		954,768
Hawaiian Electric Industries, Inc.		20,705		901,703
IDACORP, Inc.		10,108		1,015,146
Portland General Electric Co.		34,091		1,846,709

				4,718,326

Real Estate — 4.0%
Americold Realty Trust REIT		32,292		1,046,907
Columbia Property Trust, Inc. REIT		55,026		1,141,239
Corporate Office Properties Trust REIT		41,011		1,081,460
Lexington Realty Trust REIT		68,375		643,409

				3,913,015

Health Care — 3.6%
Charles River Laboratories
International, Inc.*		7,803		1,107,246
Integra LifeSciences Holdings Corp.*		6,774		378,328
Patterson Cos., Inc.		31,492		721,167
Prestige Consumer Healthcare, Inc.*		41,392		1,311,299

				3,518,040

Touchstone Small Cap Value Fund (Unaudited) (Continued)


	Shares		Market Value
Common Stocks — 96.3% (Continued)
Communication Services — 3.3%
Cogent Communications Holdings, Inc.		14,513	$	861,492
Nexstar Media Group, Inc. - Class A		12,064		1,218,464
Tribune Media Co. - Class A		24,055		1,111,822

				3,191,778

Energy — 2.2%
Callon Petroleum Co.*		121,485		800,586
Carrizo Oil & Gas, Inc.*		53,919		540,268
Select Energy Services, Inc. - Class A*		40,667		472,144
SRC Energy, Inc.*		62,230		308,661

				2,121,659

Total Common Stocks			$	93,422,092

Exchange-Traded Fund — 1.7%
iShares Russell 2000 Value ETF		13,980	$	1,684,590

Short-Term Investment Funds — 3.0%
Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥^W		2,422,824		2,422,824
Invesco Government & Agency Portfolio, Institutional Class, 2.19%**^¥^W		455,220		455,220

Total Short-Term Investment Funds			$	2,878,044

Total Investment Securities —101.0% (Cost $92,976,760)			$	97,984,726
Liabilities in Excess of Other Assets — (1.0%)				(945,502	)

Net Assets — 100.0%			$	97,039,224

*	Non-income producing security.

**	Represents collateral for securities loaned.

†	All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2019 was $447,352.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviation:

ETF - Exchange-Traded Fund

REIT - Real Estate Investment Trust

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Common Stocks

93,422,092

—

93,422,092

Exchange-Traded Fund

1,684,590

—

1,684,590

Short-Term Investment Funds

2,878,044

—

2,878,044

Total

97,984,726

—

97,984,726

See accompanying Notes to Portfolios of Investments.

Portfolio of Investments

Touchstone Ultra Short Duration Fixed Income Fund – June 30, 2019 (Unaudited)


Principal Amount			Market Value
		Asset-Backed Securities — 36.5%
$	3,535,436	Accredited Mortgage Loan Trust, Ser 2005-1, Class M1, (1M LIBOR +0.705%), 3.109%, 4/25/35^(A)	$	3,542,487
	1,080,814	American Credit Acceptance Receivables Trust, Ser 2016-1A, Class C, 144a, 5.550%, 6/13/22		1,086,219
	4,800,000	American Credit Acceptance Receivables Trust, Ser 2016-4, Class D, 144a, 4.110%, 4/12/23		4,852,128
	3,650,000	American Credit Acceptance Receivables Trust, Ser 2017-1, Class D, 144a, 3.540%, 3/13/23		3,679,973
	353,812	American Credit Acceptance Receivables Trust, Ser 2017-4, Class B, 144a, 2.610%, 5/10/21		353,805
	251,499	American Credit Acceptance Receivables Trust, Ser 2018-2, Class A, 144a, 2.940%, 1/10/22		251,577
	6,117,924	American Credit Acceptance Receivables Trust, Ser 2018-4, Class A, 144a, 3.380%, 12/13/21		6,137,981
	3,179,000	AmeriCredit Automobile Receivables Trust, Ser 2015-2, Class D, 3.000%, 6/8/21		3,183,057
	2,299,712	Ascentium Equipment Receivables Trust, Ser 2016-2A, Class A3, 144a, 1.650%, 5/10/22		2,297,303
	1,126,767	Ascentium Equipment Receivables Trust, Ser 2017-2A, Class A2, 144a, 2.000%, 5/11/20		1,125,826
	2,147,500	Avis Budget Rental Car Funding AESOP LLC, Ser 2014-1A, Class A, 144a, 2.460%, 7/20/20		2,147,449
	8,960,000	Avis Budget Rental Car Funding AESOP LLC, Ser 2014-2A, Class B, 144a, 3.290%, 2/20/21		8,971,773
	1,500,000	Avis Budget Rental Car Funding AESOP LLC, Ser 2015-2A, Class C, 144a, 3.930%, 12/20/21		1,511,614
	2,409,655	Bear Stearns Asset Backed Securities Trust, Ser 2005-SD2, Class 1M1, (1M LIBOR +0.650%), 3.054%, 3/25/35^(A)		2,409,066
	157,248	BlueVirgo Trust, Ser 2015-1A, 144a, 3.000%, 12/15/22		157,255
	10,900,000	BSPRT Issuer Ltd. (Cayman Islands), Ser 2018-FL4, Class A, 144a, (1M LIBOR +1.050%), 3.444%, 9/15/35^(A)		10,910,328
	5,250,000	Capital Auto Receivables Asset Trust, Ser 2015-2, Class E, 4.500%, 1/22/24		5,256,422
	2,490,000	CarFinance Capital Auto Trust, Ser 2015-1A, Class E, 144a, 5.490%, 1/18/22		2,502,922
	1,060,000	CarMax Auto Owner Trust, Ser 2015-2, Class D, 3.040%, 11/15/21		1,059,998


Principal Amount			Market Value
		Asset-Backed Securities — 36.5% (Continued)
$	556,839	Carnow Auto Receivables Trust, Ser 2017-1A, Class A, 144a, 2.920%, 9/15/22	$	556,544
	83,261	Cazenovia Creek Funding I LLC, Ser 2015-1A, Class A, 144a, 2.000%, 12/10/23		83,126
	1,537,484	CCG Receivables Trust, Ser 2017-1, Class A2, 144a, 1.840%, 11/14/23		1,533,782
	7,590,000	Cedar Funding II CLO Ltd. (Cayman Islands), Ser 2013-1A, Class AFR, 144a, 3.020%, 6/9/30		7,637,574
	3,622,841	Chrysler Capital Auto Receivables Trust, Ser 2015-BA, Class C, 144a, 3.260%, 4/15/21		3,626,131
	2,910,000	CNH Equipment Trust, Ser 2015-C, Class B, 2.400%, 2/15/23		2,907,488
	1,909,555	Conn’s Receivables Funding, Ser 2018-A, Class A, 144a, 3.250%, 1/15/23		1,916,958
	1,399,891	CPS Auto Receivables Trust, Ser 2014-C, Class C, 144a, 3.770%, 8/17/20		1,401,454
	3,035,000	CPS Auto Receivables Trust, Ser 2014-D, Class D, 144a, 5.330%, 11/16/20		3,067,255
	7,813,000	Credit Acceptance Auto Loan Trust, Ser 2016-3A, Class B, 144a, 2.940%, 10/15/24		7,817,071
	640,828	Dell Equipment Finance Trust, Ser 2017-1, Class A3, 144a, 2.140%, 4/22/22		640,401
	1,700,000	Dell Equipment Finance Trust, Ser 2017-1, Class B, 144a, 2.520%, 4/22/22		1,699,097
	12,693,900	Domino’s Pizza Master Issuer LLC, Ser 2017-1A, Class A2I, 144a, (3M LIBOR +1.250%), 3.830%, 7/25/47^(A)		12,621,672
	2,426,319	Drive Auto Receivables Trust, Ser 2015-AA, Class D, 144a, 4.120%, 7/15/22		2,428,376
	2,738,079	Drive Auto Receivables Trust, Ser 2015-CA, Class D, 144a, 4.200%, 9/15/21		2,743,027
	7,501,663	Drive Auto Receivables Trust, Ser 2016-BA, Class D, 144a, 4.530%, 8/15/23		7,595,420
	4,242,399	Drive Auto Receivables Trust, Ser 2017-AA, Class C, 144a, 2.980%, 1/18/22		4,246,184
	12,868,000	Drive Auto Receivables Trust, Ser 2017-BA, Class E, 144a, 5.300%, 7/15/24		13,277,540
	6,183,280	DT Auto Owner Trust, Ser 2015-3A, Class D, 144a, 4.530%, 10/17/22		6,208,365
	3,428,688	DT Auto Owner Trust, Ser 2016-1A, Class D, 144a, 4.660%, 12/15/22		3,455,975

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Asset-Backed Securities — 36.5% (Continued)
$	8,497,244	DT Auto Owner Trust, Ser 2016-3A, Class D, 144a, 4.520%, 6/15/23	$	8,576,151
	6,960,200	DT Auto Owner Trust, Ser 2016-4A, Class D, 144a, 3.770%, 10/17/22		7,002,709
	4,221,358	DT Auto Owner Trust, Ser 2017-1A, Class C, 144a, 2.700%, 11/15/22		4,220,461
	5,488,137	Elara HGV Timeshare Issuer, Ser 2016-A, Class A, 144a, 2.730%, 4/25/28		5,480,206
	386,409	Elara HGV Timeshare Issuer LLC, Ser 2014-A, Class A, 144a, 2.530%, 2/25/27		386,097
	1,427,521	Exeter Automobile Receivables Trust, Ser 2015-3A, Class C, 144a, 4.830%, 8/16/21		1,435,898
	188,443	Exeter Automobile Receivables Trust, Ser 2017-3A, Class A, 144a, 2.050%, 12/15/21		188,273
	2,750,000	Exeter Automobile Receivables Trust, Ser 2018-3A, Class B, 144a, 3.460%, 10/17/22		2,776,078
	4,539,488	Exeter Automobile Receivables Trust, Ser 2019-2A, Class A, 144a, 2.930%, 7/15/22		4,551,961
	2,745,000	First Investors Auto Owner Trust, Ser 2015-1A, Class D, 144a, 3.590%, 1/18/22		2,749,124
	1,194,405	Flagship Credit Auto Trust, Ser 2015-1, Class C, 144a, 3.760%, 6/15/21		1,198,005
	617,946	Flagship Credit Auto Trust, Ser 2016-3, Class B, 144a, 2.430%, 6/15/21		617,752
	3,504,304	Foursight Capital Automobile Receivables Trust, Ser 2018-2, Class A2, 144a, 3.320%, 4/15/22		3,522,006
	3,947,766	GLS Auto Receivables Issuer Trust, Ser 2019-1A, Class A, 144a, 3.370%, 1/17/23		3,980,544
	6,743,158	GLS Auto Receivables Issuer Trust, Ser 2019-2A, Class A, 144a, 3.060%, 4/17/23		6,781,915
	2,012,151	GLS Auto Receivables Trust, Ser 2016-1A, Class C, 144a, 6.900%, 10/15/21		2,056,312
	862,178	GLS Auto Receivables Trust, Ser 2017-1A, Class A2, 144a, 2.670%, 4/15/21		862,151
	3,946,272	GLS Auto Receivables Trust, Ser 2018-1A, Class A, 144a, 2.820%, 7/15/22		3,951,639
	3,708,329	GLS Auto Receivables Trust, Ser 2018-2A, Class A, 144a, 3.250%, 4/18/22		3,717,375
	2,476,039	GLS Auto Receivables Trust, Ser 2018-3A, Class A, 144a, 3.350%, 8/15/22		2,487,421


Principal Amount			Market Value
		Asset-Backed Securities — 36.5% (Continued)
$	4,790,000	Grand Avenue CRE (Cayman Islands), Ser 2019-FL1, Class A, 144a, (1M LIBOR +1.120%), 3.514%, 6/15/37^(A)	$	4,808,809
	10,137,395	Hardee’s Funding LLC, Ser 2018-1A, Class A2I, 144a, 4.250%, 6/20/48		10,343,083
	7,440,000	Hertz Vehicle Financing II LP, Ser 2015-1A, Class B, 144a, 3.520%, 3/25/21		7,480,926
	6,300,000	Hertz Vehicle Financing II LP, Ser 2015-3A, Class B, 144a, 3.710%, 9/25/21		6,363,088
	1,125,000	Hertz Vehicle Financing II LP, Ser 2016-3A, Class A, 144a, 2.270%, 7/25/20		1,124,549
	1,450,000	Hertz Vehicle Financing II LP, Ser 2016-3A, Class C, 144a, 4.430%, 7/25/20		1,450,831
	6,420,000	Hertz Vehicle Financing II LP, Ser 2017-1A, Class B, 144a, 3.560%, 10/25/21		6,473,472
	3,528,931	Home Equity Asset Trust, Ser 2005-3, Class M4, (1M LIBOR +0.640%), 3.044%, 8/25/35^(A)		3,559,682
	8,270,685	Jimmy Johns Funding LLC, Ser 2017-1A, Class A2I, 144a, 3.610%, 7/30/47		8,352,399
	1,184,756	Mid-State Capital Trust, Ser 2010-1, Class M, 144a, 5.250%, 12/15/45		1,240,921
	507,614	Morgan Stanley ABS Capital I, Inc. Trust, Ser 2006-NC1, Class A4, (1M LIBOR +0.300%), 2.704%, 12/25/35^(A)		508,193
	32,509	Navitas Equipment Receivables LLC, Ser 2016-1, Class A2, 144a, 2.200%, 6/15/21		32,501
	2,748,214	New Century Home Equity Loan Trust, Ser 2005-B, Class A2D, (1M LIBOR +0.400%), 2.804%, 10/25/35^(A)		2,757,533
	9,630,000	OneMain Direct Auto Receivables Trust, Ser 2017-2A, Class E, 144a, 4.740%, 11/14/25		9,818,036
	749,000	OneMain Financial Issuance Trust, Ser
		2015-1A, Class C, 144a, 5.120%, 3/18/26		755,726
	421,856	Orange Lake Timeshare Trust, Ser 2014-AA, Class A, 144a, 2.290%, 7/9/29		419,781
	4,338,281	Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2018-4A, Class A1, 144a, (3M LIBOR +0.900%), 3.418%, 11/15/26^(A)		4,340,719
	7,150,000	Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2019-1A, Class A1, 144a, (3M LIBOR +1.050%), 3.749%, 4/20/27^(A)		7,151,873

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Asset-Backed Securities — 36.5% (Continued)
$	899,810	RAAC Trust, Ser 2006-RP4, Class A, 144a, (1M LIBOR +0.290%), 2.694%, 1/25/46^(A)	$	899,672
	2,423,523	RAAC Trust, Ser 2006-SP4, Class M1, (1M LIBOR +0.340%), 2.744%, 11/25/36^(A)		2,422,132
	10,023,992	Rockwall CDO II Ltd. (Cayman Islands), Ser 2007-1A, Class A3L, 144a, (3M LIBOR +1.000%), 3.579%, 8/1/24^(A)		9,977,190
	520,758	Santander Drive Auto Receivables Trust, Ser 2015-2, Class D, 3.020%, 4/15/21		521,175
	838,439	Santander Drive Auto Receivables Trust, Ser 2015-4, Class C, 2.970%, 3/15/21		838,648
	6,010,000	Securitized Equipment Receivables Trust (Cayman Islands), Ser 2017-1A, Class A, 2.980%, 4/11/24		6,027,589
	652,583	Sierra Timeshare Receivables Funding LLC, Ser 2014-3A, Class A, 144a, 2.300%, 10/20/31		652,150
	585,112	Sierra Timeshare Receivables Funding LLC, Ser 2015-1A, Class A, 144a, 2.400%, 3/22/32		583,894
	4,635,172	Tesla Auto Lease Trust, Ser 2018-B, Class A, 144a, 3.710%, 8/20/21		4,704,393
	2,380,072	TLF National Tax Lien Trust, Ser 2017-1A, Class A, 144a, 3.090%, 12/15/29		2,378,286
	1,536,726	Towd Point Mortgage Trust, Ser 2015-4, Class A1B, 144a, 2.750%, 4/25/55^(A)(B)		1,539,183
	6,314,739	Towd Point Mortgage Trust, Ser 2017-5, Class A1, 144a, (1M LIBOR +0.600%), 3.004%, 2/25/57^(A)		6,296,499
	11,461,544	Towd Point Mortgage Trust, Ser 2018-SJ1, Class A1, 144a, 4.000%, 10/25/58^(A)(B)		11,582,599
	8,762,351	Towd Point Mortgage Trust, Ser 2019-HY1, Class A1, 144a, (1M LIBOR +1.000%), 3.404%, 10/25/48^(A)		8,796,671
	5,329,926	Towd Point Mortgage Trust, Ser 2019-SJ1, Class A1, 144a, 3.750%, 11/25/58^(A)(B)		5,390,074
	1,177,435	Welk Resorts LLC, Ser 2013-AA, Class A, 144a, 3.100%, 3/15/29		1,175,841
	8,033,644	Westlake Automobile Receivables Trust, Ser 2016-2A, Class D, 144a, 4.100%, 6/15/21		8,059,503
	1,571,361	Westlake Automobile Receivables Trust, Ser 2016-3A, Class C, 144a, 2.460%, 1/18/22		1,571,114
	9,115,000	Westlake Automobile Receivables Trust, Ser 2016-3A, Class D, 144a, 3.580%, 1/18/22		9,165,108

		Total Asset-Backed Securities	$	373,006,544


Principal Amount			Market Value
		Corporate Bonds — 34.1%
		Financials — 9.6%
$	7,000,000	BB&T Corp. MTN, 2.150%, 2/1/21	$	6,987,649
	2,933,000	Citibank NA, (3M LIBOR +0.350%), 2.885%, 2/12/21^(A)		2,932,292
	11,500,000	Citibank NA, (3M LIBOR +0.600%), 3.123%, 5/20/22^(A)		11,514,392
	5,015,000	Citizens Bank NA/Providence RI, (3M LIBOR +0.810%), 3.331%, 5/26/22^(A)		5,030,803
	5,000,000	Compass Bank, 2.750%, 9/29/19		4,999,557
	5,000,000	Credit Agricole SA (France), 144a, 2.750%, 6/10/20		5,021,032
	300,000	Credit Suisse Group Funding Guernsey Ltd. (Guernsey), 144a, 3.125%, 12/10/20		302,321
	8,199,000	Huntington Bancshares, Inc., 7.000%, 12/15/20		8,726,248
	1,306,000	Lloyds Bank PLC (United Kingdom) MTN, 144a, 5.800%, 1/13/20		1,329,308
	10,000,000	Morgan Stanley, (SOFR +0.830%), 3.321%, 6/10/22^(A)		10,011,900
	2,056,000	Reliance Standard Life Global Funding II, 144a, 2.500%, 1/15/20		2,055,053
	10,000,000	Royal Bank of Canada (Canada) MTN, (3M LIBOR +0.300%), 2.892%, 7/22/20^(A)		10,024,180
	850,000	SBA Tower Trust, 144a, 2.877%, 7/9/21		851,541
	4,783,000	SBA Tower Trust, 144a, 2.898%, 10/15/19		4,782,938
	1,000,000	SBA Tower Trust, 144a, 3.156%, 10/8/20		1,001,558
	5,825,000	Sparta Agency, Inc., 2.580%, 12/1/23^(A)(B)		5,825,000
	4,500,000	SunTrust Bank/Atlanta GA, (3M LIBOR +0.590%), 3.115%, 5/17/22^(A)		4,507,001
	1,853,000	UBS AG/Stamford CT (Switzerland) MTN, 2.375%, 8/14/19		1,852,741
	5,500,000	Wells Fargo Bank NA, (SOFR +0.480%), 2.990%, 3/25/20^(A)		5,505,701
	4,550,000	Zions Bancorp NA, 3.500%, 8/27/21		4,643,886

				97,905,101

		Consumer Staples — 4.3%
	1,475,000	Conagra Brands, Inc., (3M LIBOR +0.750%), 3.342%, 10/22/20^(A)		1,475,234
	3,000,000	Constellation Brands, Inc., (3M LIBOR +0.700%), 3.218%, 11/15/21^(A)		3,001,502
	1,239,000	Constellation Brands, Inc., 3.875%, 11/15/19		1,244,701
	4,600,000	Danone SA (France), 144a, 1.691%, 10/30/19		4,587,810
	3,925,000	General Mills, Inc., (3M LIBOR +0.540%), 3.141%, 4/16/21^(A)		3,926,311
	10,211,000	Grupo Bimbo SAB de CV (Mexico), 144a, 4.875%, 6/30/20		10,415,120
	6,800,000	Kraft Heinz Foods Co., (3M LIBOR +0.570%), 3.115%, 2/10/21^(A)		6,787,139

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 34.1% (Continued)
		Consumer Staples — (Continued)
$	4,793,000	Mondelez International, Inc., 5.375%, 2/10/20	$	4,875,852
	1,570,000	Reckitt Benckiser Treasury Services PLC (United Kingdom), 144a, (3M LIBOR +0.560%), 2.903%, 6/24/22^(A)		1,564,573
	3,200,000	Tyson Foods, Inc., (3M LIBOR +0.550%), 3.070%, 6/2/20^(A)		3,203,210
	3,200,000	Woolworths Group Ltd. (Australia), 144a, 4.000%, 9/22/20		3,256,064

				44,337,516

		Industrials — 4.2%
	2,000,000	Bemis Co., Inc., 6.800%, 8/1/19		2,005,832
	9,700,000	Eaton Electric Holdings LLC, 3.875%, 12/15/20		9,880,365
	1,900,000	GATX Corp., 2.500%, 7/30/19		1,899,859
	3,150,000	Holcim US Finance Sarl & Cie SCS (Luxembourg), 144a, 6.000%, 12/30/19		3,193,341
	7,175,000	Keysight Technologies, Inc., 3.300%, 10/30/19		7,182,970
	6,875,000	Martin Marietta Materials, Inc., (3M LIBOR +0.650%), 3.173%, 5/22/20^(A)		6,875,242
	2,500,000	Molex Electronic Technologies LLC, 144a, 2.878%, 4/15/20		2,501,216
	875,000	Rockwell Collins, Inc., 5.250%, 7/15/19		875,821
	8,156,000	Vulcan Materials Co., (3M LIBOR +0.650%), 3.170%, 3/1/21^(A)		8,162,199

				42,576,845

		Utilities — 3.1%
	3,000,000	Dominion Energy, Inc., 2.579%, 7/1/20		2,995,689
	1,250,000	Duke Energy Florida LLC, 2.100%, 12/15/19		1,247,926
	1,385,000	Exelon Generation Co. LLC, 2.950%, 1/15/20		1,386,542
	5,000,000	Georgia Power Co., 2.000%, 3/30/20		4,980,496
	1,990,000	NextEra Energy Capital Holdings, Inc., 2.400%, 9/15/19		1,988,723
	1,192,000	NextEra Energy Capital Holdings, Inc., (3M LIBOR +0.550%), 3.071%, 8/28/21^(A)		1,191,743
	2,700,000	Public Service Co. of New Hampshire, 4.050%, 6/1/21		2,770,429
	5,300,000	Sempra Energy, (3M LIBOR +0.250%), 2.847%, 7/15/19^(A)		5,300,125
	8,207,000	Sempra Energy, (3M LIBOR +0.500%), 3.097%, 1/15/21^(A)		8,179,590
	1,875,000	Spire, Inc., 2.550%, 8/15/19		1,871,802

				31,913,065

		Health Care — 2.8%
	2,100,000	Amgen, Inc., 2.200%, 5/11/20		2,096,881
	2,720,000	Cigna Corp., 144a, (3M LIBOR +0.650%), 3.060%, 9/17/21^(A)		2,721,147
	7,700,000	Dignity Health, 2.637%, 11/1/19		7,691,650


Principal Amount			Market Value
		Health Care — (Continued)
$	13,538,000	Shire Acquisitions Investments Ireland DAC (Ireland), 1.900%, 9/23/19	$	13,517,016
	2,475,000	Zimmer Biomet Holdings, Inc., (3M LIBOR +0.750%), 3.169%, 3/19/21^(A)		2,472,360

				28,499,054

		Consumer Discretionary — 2.5%
	1,600,000	Ford Motor Credit Co. LLC, 5.875%, 8/2/21		1,687,134
	6,300,000	General Motors Co., (3M LIBOR +0.800%), 3.365%, 8/7/20^(A)		6,307,824
	2,700,000	General Motors Financial Co., Inc., 3.500%, 7/10/19		2,700,544
	2,040,000	Harley-Davidson Financial Services, Inc., 144a, 2.150%, 2/26/20		2,032,097
	450,000	Hyundai Capital America, 144a, 1.750%, 9/27/19		448,913
	5,360,000	Hyundai Capital America, 144a, 3.000%, 10/30/20		5,384,127
	200,000	Hyundai Capital Services, Inc. (Korea), 144a, 1.625%, 8/30/19		199,624
	500,000	Volkswagen Group of America Finance LLC, 144a, 2.450%, 11/20/19		499,788
	6,800,000	Volkswagen Group of America Finance LLC, 144a, 3.875%, 11/13/20		6,944,490

				26,204,541

		Communication Services — 2.2%
	2,040,000	Crown Castle Towers LLC, 144a, 3.222%, 5/15/22		2,062,548
	4,595,000	Discovery Communications LLC, 2.200%, 9/20/19		4,588,521
	3,000,000	Interpublic Group of Cos., Inc. (The), 3.500%, 10/1/20		3,038,218
	11,026,000	Orange SA (France), 5.375%, 7/8/19		11,031,198
	1,405,000	Sky Ltd. (United Kingdom), 144a, 2.625%, 9/16/19		1,405,171

				22,125,656

		Information Technology — 1.9%
	600,000	Fidelity National Information Services, Inc., 3.625%, 10/15/20		608,863
	9,300,000	Hewlett Packard Enterprise Co., 144a, 2.100%, 10/4/19		9,286,960
	9,500,000	International Business Machines Corp., (3M LIBOR +0.400%), 2.935%, 5/13/21^(A)		9,524,529

				19,420,352

		Materials — 1.8%
	5,000,000	Eastman Chemical Co., 3.500%, 12/1/21		5,114,931
	6,300,000	Georgia-Pacific LLC, 144a, 2.539%, 11/15/19		6,300,357

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Corporate Bonds — 34.1% (Continued)
		Materials — (Continued)
$	6,696,000	RPM International, Inc., 6.125%, 10/15/19	$	6,760,458

				18,175,746

		Energy — 0.9%
	2,366,000	Enbridge, Inc. (Canada), (3M LIBOR +0.700%), 3.110%, 6/15/20^(A)		2,372,431
	265,000	Kinder Morgan, Inc., 3.050%, 12/1/19		265,478
	2,460,000	Phillips 66, (3M LIBOR +0.600%), 3.121%, 2/26/21^(A)		2,460,082
	1,250,000	Phillips 66, 144a, (3M LIBOR +0.750%), 3.347%, 4/15/20^(A)		1,250,538
	1,500,000	Ras Laffan Liquefied Natural Gas Co. Ltd. 3 (Qatar), 6.750%, 9/30/19		1,513,500
	150,120	Ras Laffan Liquefied Natural Gas Co. Ltd. II (Qatar), 144a, 5.298%, 9/30/20		152,669
	1,500,000	Spectra Energy Partners LP, (3M LIBOR +0.700%), 3.179%, 6/5/20^(A)		1,504,365

				9,519,063

		Real Estate — 0.8%
	8,300,000	SL Green Operating Partnership LP, (3M LIBOR +0.980%), 3.505%, 8/16/21^(A)		8,303,005

		Total Corporate Bonds	$	348,979,944

		Commercial Mortgage-Backed Securities — 8.7%
	1,027,529	A10 Term Asset Financing LLC, Ser 2017-1A, Class A1FL, 144a, (1M LIBOR +0.850%), 3.244%, 3/15/36^(A)		1,027,995
	2,233,824	AREIT Trust, Ser 2018-CRE1, Class A, 144a, (1M LIBOR +0.850%), 3.251%, 2/14/35^(A)		2,232,503
	1,484,509	BSPRT Issuer Ltd. (Cayman Islands), Ser 2017-FL2, Class AS, 144a, (1M LIBOR +1.100%), 3.494%, 10/15/34^(A)		1,485,911
	7,000,000	BXP Trust, Ser 2017-CQHP, Class A, 144a, (1M LIBOR +0.850%), 3.244%, 11/15/34^(A)		6,991,208
	2,673,070	CD Mortgage Trust, Ser 2006-CD3, Class AM, 5.648%, 10/15/48		2,776,838
	3,000,000	Citigroup Commercial Mortgage Trust, Ser 2015-SHP2, Class A, 144a, (1M LIBOR +1.280%), 3.674%, 7/15/27^(A)		2,999,898
	2,050,000	Citigroup Commercial Mortgage Trust, Ser 2017-1500, Class A, 144a, (1M LIBOR +0.850%), 3.244%, 7/15/32^(A)		2,050,627
	68,780,000	Citigroup Commercial Mortgage Trust, Ser 2019-SST2, Class XCP, 144a, 1.783%, 12/15/36^(A)(B)(C)		1,904,793
	36,441,942	COMM Mortgage Trust, Ser 2014-UBS3, Class XA, 1.254%, 6/10/47^(A)(B)(C)		1,672,751


Principal Amount			Market Value
		Commercial Mortgage-Backed Securities — 8.7% (Continued)
$	654,340	DBUBS Mortgage Trust, Ser 2011-LC2A, Class A1FL, 144a, (1M LIBOR +1.350%), 3.763%, 7/12/44^(A)	$	657,605
	1,779,583	GS Mortgage Securities Corp. II, Ser 2015-GC30, Class A1, 1.439%, 5/10/50		1,771,053
	118,906,000	GS Mortgage Securities Corp. II, Ser 2017-SLP, Class XA, 144a, 1.325%, 10/10/32^(A)(B)(C)		4,115,063
	143,822,000	GS Mortgage Securities Corp. Trust, Ser 2017-GPTX, Class XCP, 144a, 0.911%, 5/10/34^(A)(B)(C)		1,011,054
	7,737,335	J.P. Morgan Chase Commercial Mortgage Securities Trust, Ser 2017-FL11, Class A, 144a, (1M LIBOR +0.850%), 3.244%, 10/15/32^(A)		7,678,851
	1,085,713	JP Morgan Chase Commercial Mortgage Securities Corp., Ser 2017-FL10, Class A, 144a, (1M LIBOR +0.800%), 3.194%, 6/15/32^(A)		1,083,214
	7,400,000	JP Morgan Chase Commercial Mortgage Securities Corp., Ser 2017-FL10, Class B, 144a, (1M LIBOR +1.000%), 3.394%, 6/15/32^(A)		7,356,149
	1,615,090	JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2014-FL6, Class B, 144a, (1M LIBOR +2.280%), 4.674%, 11/15/31^(A)		1,615,593
	1,883,000	Merrill Lynch Mortgage Investors Trust, Ser 1998-C1, Class E, 6.750%, 11/15/26^(A)(B)		1,905,069
	7,745,000	Morgan Stanley Capital I Trust, Ser 2018-BOP, Class A, 144a, (1M LIBOR +0.850%), 3.244%, 8/15/33^(A)		7,714,443
	3,285,865	RAIT Trust, Ser 2017-FL7, Class A, 144a, (1M LIBOR +0.950%), 3.344%, 6/15/37^(A)		3,258,717
	7,275,000	Ready Captial Mortgage Financing, Ser 2019-FL3, Class A, 144a, (1M LIBOR +1.000%), 3.404%, 3/25/34^(A)		7,257,613
	4,654,943	Stonemont Portfolio Trust, Ser 2017-MONT, Class B, 144a, (1M LIBOR +1.100%), 3.483%, 8/20/30^(A)		4,656,358
	7,105,214	Tharaldson Hotel Portfolio Trust, Ser 2018-THL, Class B, 144a, (1M LIBOR +1.100%), 3.519%, 11/11/34^(A)		7,102,881
	6,280,000	TPG Real Estate Finance Issuer Ltd. (Cayman Islands), Ser 2018-FL1, Class AS, 144a, (1M LIBOR +0.950%), 3.344%, 2/15/35^(A)		6,281,994
	12,658,466	UBS-Citigroup Commercial Mortgage Trust, Ser 2011-C1, Class XA, 144a, 2.373%, 1/10/45^(A)(B)(C)		486,209

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Commercial Mortgage-Backed Securities — 8.7% (Continued)
$	1,298,473	WFRBS Commercial Mortgage Trust, Ser 2014-C24, Class A2, 2.863%, 11/15/47	$	1,297,508

		Total Commercial Mortgage-Backed Securities	$	88,391,898

		Agency Collateralized Mortgage Obligations — 3.2%
	111,320,821	FHLMC Multifamily Structured Pass Through Certificates, Ser K504 Class X1, 0.273%, 9/25/20^(A)(B)(C)		54,647
	125,328,914	FHLMC Multifamily Structured Pass Through Certificates, Ser KAIV Class X1, 1.257%, 6/25/21^(A)(B)(C)		2,246,471
	4,913,082	FHLMC Multifamily Structured Pass Through Certificates, Ser KI02, Class A, (1M LIBOR +0.200%), 2.631%, 2/25/23^(A)		4,903,120
	11,101	FHLMC REMIC, Ser 2510 Class TA, 4.000%, 6/15/32		11,113
	281,238	FHLMC REMIC, Ser 2770 Class FH, (1M LIBOR +0.400%), 2.794%, 3/15/34^(A)		281,154
	14	FHLMC REMIC, Ser 3414 Class MB, 4.250%, 12/15/19		14
	628,482	FHLMC REMIC, Ser 3874 Class BD, 3.000%, 6/15/21		629,491
	2,345,789	FHLMC REMIC, Ser 4238 Class TL, 1.250%, 8/15/27		2,231,983
	147,016	FNMA REMIC, Ser 2003-119, Class PU, 4.000%, 11/25/33		150,975
	56,602	FNMA REMIC, Ser 2003-33, Class AM, 4.250%, 5/25/33		59,806
	46,074	FNMA REMIC, Ser 2003-42, Class CA, 4.000%, 5/25/33		48,367
	226,245	FNMA REMIC, Ser 2003-81, Class FE, (1M LIBOR +0.500%), 2.904%, 9/25/33^(A)		227,725
	445,122	FNMA REMIC, Ser 2009-32, Class BH, 5.250%, 5/25/39		469,714
	3,917	FNMA REMIC, Ser 2010-13, Class WD, 4.250%, 3/25/25		3,931
	1,704,090	FNMA REMIC, Ser 2010-64, Class AD, 3.000%, 12/25/20		1,700,131
	779,081	FNMA REMIC, Ser 2011-15, Class HC, 2.500%, 3/25/26		775,716
	207,048	FNMA REMIC, Ser 2011-67, Class DA, 4.500%, 7/25/21		207,007
	187,634	FNMA REMIC, Ser 2012-102 Class NA, 1.500%, 9/25/27		184,314
	1,479,731	FNMA REMIC, Ser 2012-47, Class AI, 3.000%, 5/25/22^(C)		47,908
	142,031	FNMA REMIC Trust, Ser 2001-W4, Class AF5, 6.114%, 2/25/32^(A)(B)		167,205
	1,351,567	FNMA REMICS, 5.500%, 10/1/23		1,409,127


Principal Amount			Market Value
		Agency Collateralized Mortgage Obligations — 3.2% (Continued)
$	1,335,000	FREMF Mortgage Trust, Ser 2010-K7, Class B, 144a, 5.687%, 4/25/20^(A)(B)	$	1,360,283
	5,660,000	FREMF Mortgage Trust, Ser 2013-K712, Class B, 144a, 3.454%, 5/25/45^(A)(B)		5,662,025
	93,694	GNMA, Ser 2002-72, Class AB, 4.500%, 10/20/32		96,149
	65,655	GNMA, Ser 2011-57, Class BA, 3.000%, 5/20/40		67,285
	165,077	GNMA, Ser 2012-27, Class A, 1.614%, 7/16/39		162,605
	5,520,159	GNMA, Ser 2016-40, Class F, (1M LIBOR +0.400%), 2.794%, 7/16/57^(A)		5,352,687
	4,602,701	GNMA, Ser 2016-95, Class F, (1M LIBOR +0.450%), 2.844%, 1/16/58^(A)		4,479,233

		Total Agency Collateralized Mortgage Obligations	$	32,990,186

		Municipal Bonds — 3.0%
		California — 0.3%
	1,720,000	CA St Enterprise Dev Authority, Txbl Variable J Harris Indl Wt, (LOC: City National Bank), 144a, 2.770%, 9/1/41^(A)(B)		1,720,000
	1,885,000	CA St Infrastructure & Economic Dev Bank, Variable Canyon Plastics Inc Project, (LOC: Bank of The West), 1.650%, 12/1/39^(A)(B)		1,885,000

				3,605,000

		Florida — 0.5%
	5,000,000	State Brd of Admin Fin Corp., Txbl Ser A, 2.163%, 7/1/19		5,000,000

		Illinois — 0.4%
	4,200,000	Regional Transportation Authority, Txbl Ser A, 3.013%, 5/29/20		4,227,342

		New Jersey — 0.7%
	7,000,000	Taxable Municipal Funding Trust, Txbl Muni Fltrs Ser 2019-014, (LOC: Barclays Bank PLC), 144a, 2.750%, 9/1/27^(A)(B)		7,000,000

		Other Territory — 0.7%
	2,000,000	Rib Floater Trust, Txbl Muni Floaters Trust Ser 201, (LOC: Barclays Bank PLC), 144a, 2.750%, 7/1/22^(A)(B)		2,000,000
	5,000,000	Taxable Municipal Funding Trust, Txbl Mun Fltg Rt Nts Ser 2018, (LOC: Barclays Bank PLC), 144a, 2.750%, 7/31/28^(A)(B)		5,000,000

				7,000,000

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		Municipal Bonds — 3.0% (Continued)
		Wisconsin — 0.4%
$	4,000,000	Public Finance Authority, Txbl Affinity Living Group 5 A, (LOC: Citizens Bank of MA), 3.750%, 2/1/22	$	4,016,720

		Total Municipal Bonds	$	30,849,062

		Non-Agency Collateralized Mortgage Obligations — 1.8%
	1,876,351	Bear Stearns ARM Trust, Ser 2003-1, Class 5A1, 4.401%, 4/25/33^(A)(B)^†^†		1,888,616
	212,935	Bear Stearns ARM Trust, Ser 2004-1, Class 13A3, 4.593%, 4/25/34^(A)(B)^†^†		215,494
	171,155	Bear Stearns Asset Backed Securities Trust, Ser 2003-AC7, Class A2, 5.750%, 1/25/34^(A)(B)^†^†		176,497
	35,663	Community Program Loan Trust, Ser 1987-A, Class A5, 4.500%, 4/1/29		35,676
	691,582	CSMC Trust, Ser 2014-WIN1, Class 2A5, 144a, 3.000%, 9/25/44^(A)(B)		690,381
	2,094,063	CSMC Trust, Ser 2014-WIN2, Class A5, 144a, 3.000%, 10/25/44^(A)(B)		2,104,378
	500,000	CSMC Trust, Ser 2017-CHOP, Class A, 144a, (1M LIBOR +0.750%), 3.144%, 7/15/32^(A)		499,836
	1,076,000	CSMC Trust, Ser 2017-HD, Class B, 144a, (1M LIBOR +1.350%), 3.744%, 2/15/31^(A)		1,074,265
	33,333	FDIC Sale Guaranteed Notes Trust, Ser 2010-S3, Class A, 144a, 2.740%, 12/3/20		33,246
	2,880,294	GSR Mortgage Loan Trust, Ser 2003-13, Class 1A1, 4.287%, 10/25/33^(A)(B)		2,995,076
	118,109	JP Morgan Mortgage Trust, Ser 2006-A4, Class 2A2, 4.346%, 6/25/36^(A)(B)		108,062
	19,744	Merrill Lynch Mortgage Investors Trust, Ser 2003-A1, Class 2A, (12M LIBOR +1.625%), 4.203%, 12/25/32^(A)		20,168
	103,646	Merrill Lynch Mortgage Investors Trust, Ser 2004-1, Class 1A, 4.408%, 12/25/34^(A)(B)		104,884
	3,246,000	Morgan Stanley Mortgage Loan Trust, Ser 2005-6AR, Class 1M1, (1M LIBOR +0.460%), 2.864%, 11/25/35^(A)		3,224,924
	4,011,648	Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates, Ser 2005-3, Class A1C, (1M LIBOR +0.370%), 2.774%, 7/25/35^(A)		4,020,165
	578,034	RFMSI Trust, Ser 2007-SA1, Class 1A1, 3.575%, 2/25/37^(A)(B)		507,153
	120,425	Wells Fargo Mortgage Backed Securities Trust, Ser 2003-G, Class A1, 4.554%, 6/25/33^(A)(B)		123,940


Principal Amount			Market Value
		Non-Agency Collateralized Mortgage Obligations — 1.8% (Continued)
$	291,341	Wells Fargo Mortgage Backed Securities Trust, Ser 2003-M, Class A1, 4.901%, 12/25/33^(A)(B)	$	302,159

		Total Non-Agency Collateralized Mortgage Obligations	$	18,124,920

		U.S. Government Mortgage-Backed Obligations — 1.6%
	44,585	FHLMC, Pool #1B1580, (12M LIBOR +1.961%), 4.961%, 3/1/34^(A)		47,051
	102,738	FHLMC, Pool #1B2629, (12M LIBOR +1.750%), 4.625%, 11/1/34^(A)		107,766
	212,513	FHLMC, Pool #1B7189, (12M LIBOR +2.470%), 5.406%, 3/1/36^(A)		227,360
	60,375	FHLMC, Pool #1G1471, (12M LIBOR +1.670%), 4.615%, 1/1/37^(A)		63,369
	388,578	FHLMC, Pool #1H1354, (1 Year CMT Rate +2.250%), 4.640%, 11/1/36^(A)		410,267
	38,670	FHLMC, Pool #1H2524, (1 Year CMT
		Rate +2.250%), 4.775%, 8/1/35^(A)		40,838
	129,851	FHLMC, Pool #1J1813, (12M LIBOR +1.925%), 4.675%, 8/1/37^(A)		137,240
	130,483	FHLMC, Pool #1K1238, (1 Year CMT Rate +2.250%), 4.497%, 7/1/36^(A)		137,710
	81,310	FHLMC, Pool #1L0087, (1 Year CMT Rate +2.250%), 4.406%, 6/1/35^(A)		85,579
	227,471	FHLMC, Pool #1L0147, (1 Year CMT Rate +2.290%), 4.540%, 7/1/35^(A)		239,895
	142,457	FHLMC, Pool #1L1288, (1 Year CMT Rate +2.250%), 4.843%, 5/1/36^(A)		150,755
	113,877	FHLMC, Pool #1Q0080, (12M LIBOR +1.678%), 4.475%, 1/1/36^(A)		119,185
	304,720	FHLMC, Pool #1Q0119, (12M LIBOR +1.845%), 4.626%, 9/1/36^(A)		321,314
	297,286	FHLMC, Pool #1Q0187, (12M LIBOR +1.781%), 4.586%, 12/1/36^(A)		312,693
	154,298	FHLMC, Pool #1Q0339, (12M LIBOR +1.911%), 4.871%, 4/1/37^(A)		160,351
	73,107	FHLMC, Pool #1Q0669, (12M LIBOR +1.725%), 4.611%, 11/1/37^(A)		76,844
	306,883	FHLMC, Pool #1Q1303, (1 Year CMT Rate +2.250%), 4.684%, 11/1/36^(A)		324,226
	332,119	FHLMC, Pool #781515, (1 Year CMT Rate +2.250%), 4.829%, 4/1/34^(A)		350,419
	163,194	FHLMC, Pool #782760, (1 Year CMT Rate +2.250%), 4.566%, 11/1/36^(A)		171,986
	151,284	FHLMC, Pool #847795, (1 Year CMT Rate +2.278%), 4.738%, 4/1/35^(A)		160,489
	82,950	FHLMC, Pool #848088, (1 Year CMT Rate +2.245%), 4.867%, 4/1/35^(A)		87,508
	363,928	FHLMC, Pool #848539, (1 Year CMT Rate +2.267%), 4.800%, 4/1/37^(A)		383,911
	709,995	FHLMC, Pool #848583, (1 Year CMT Rate +2.312%), 4.863%, 1/1/36^(A)		749,293
	11,327	FHLMC, Pool #A92646, 5.500%, 6/1/40		12,624
	12,379	FHLMC, Pool #C03505, 5.500%, 6/1/40		13,374

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		U.S. Government Mortgage-Backed
		Obligations — 1.6% (Continued)
$	42,451	FHLMC, Pool #C66916, 7.000%, 5/1/32	$	45,014
	1,198	FHLMC, Pool #G00100, 8.000%, 2/1/23		1,274
	36,399	FHLMC, Pool #G01840, 5.000%, 7/1/35		39,583
	91,006	FHLMC, Pool #G11769, 5.000%, 10/1/20		93,927
	60,755	FHLMC, Pool #G11773, 5.000%, 10/1/20		62,647
	10,223	FHLMC, Pool #J10895, 4.000%, 10/1/19		10,617
	32,847	FNMA, Pool #175123, 7.450%, 8/1/22		33,180
	3,118	FNMA, Pool #207530, 8.250%, 4/1/22		3,123
	113,562	FNMA, Pool #254868, 5.000%, 9/1/33		123,390
	54,853	FNMA, Pool #256272, 5.500%, 6/1/26		58,481
	85,646	FNMA, Pool #256852, 6.000%, 8/1/27		93,751
	21,019	FNMA, Pool #323832, 7.500%, 7/1/29		24,126
	1,577	FNMA, Pool #334593, 7.000%, 5/1/24		1,674
	50,527	FNMA, Pool #555380, (12M LIBOR +1.577%), 4.638%, 4/1/33^(A)		53,193
	28,272	FNMA, Pool #665773, 7.500%, 6/1/31		28,302
	97,939	FNMA, Pool #679742, (1 Year CMT Rate +2.581%), 4.568%, 1/1/40^(A)		100,431
	36,351	FNMA, Pool #681842, (1 Year CMT Rate +2.125%), 4.875%, 2/1/33^(A)		37,849
	52,034	FNMA, Pool #681898, (1 Year CMT Rate +2.125%), 4.745%, 4/1/33^(A)		54,423
	74,112	FNMA, Pool #725245, (1 Year CMT Rate +2.267%), 4.733%, 2/1/34^(A)		77,654
	130,750	FNMA, Pool #725424, 5.500%, 4/1/34		145,203
	656,466	FNMA, Pool #725490, (12M LIBOR +1.630%), 4.528%, 4/1/34^(A)		687,610
	342	FNMA, Pool #735439, 6.000%, 9/1/19		342
	22,713	FNMA, Pool #735484, 5.000%, 5/1/35		24,827
	84,354	FNMA, Pool #735539, (1 Year CMT Rate +2.177%), 4.844%, 4/1/35^(A)		88,880
	32,743	FNMA, Pool #743207, (12M LIBOR +1.496%), 4.329%, 10/1/33^(A)		33,791
	44,310	FNMA, Pool #745467, (12M LIBOR +1.948%), 4.815%, 4/1/36^(A)		46,675
	22,994	FNMA, Pool #745790, (1 Year CMT Rate +2.142%), 4.747%, 8/1/36^(A)		24,111
	57,624	FNMA, Pool #784365, (6M LIBOR +1.550%), 4.175%, 5/1/34^(A)		59,578
	103,908	FNMA, Pool #791978, (6M LIBOR +1.518%), 4.311%, 9/1/34^(A)		106,879
	14,847	FNMA, Pool #804001, (1 Year CMT Rate +2.185%), 4.560%, 10/1/34^(A)		15,548
	30,266	FNMA, Pool #809897, (12M LIBOR +1.702%), 4.701%, 3/1/35^(A)		31,869
	129,746	FNMA, Pool #813170, (12M LIBOR +1.575%), 4.654%, 1/1/35^(A)		135,648
	514,824	FNMA, Pool #815323, (6M LIBOR +1.533%), 4.300%, 1/1/35^(A)		532,165
	144,543	FNMA, Pool #820364, (12M LIBOR +0.899%), 3.774%, 4/1/35^(A)		148,456


Principal Amount			Market Value
		U.S. Government Mortgage-Backed
		Obligations — 1.6% (Continued)
$	226,357	FNMA, Pool #827787, (6M LIBOR +1.550%), 4.181%, 5/1/35^(A)	$	234,196
	32,097	FNMA, Pool #828480, (12M LIBOR +1.730%), 4.492%, 6/1/35^(A)		33,803
	86,311	FNMA, Pool #839239, (12M LIBOR +1.760%), 4.510%, 9/1/35^(A)		91,420
	58,293	FNMA, Pool #888179, (12M LIBOR +1.809%), 4.836%, 2/1/37^(A)		61,562
	34,877	FNMA, Pool #888548, (1 Year CMT Rate +2.261%), 4.708%, 5/1/35^(A)		36,827
	66,231	FNMA, Pool #889060, 6.000%, 1/1/38		74,996
	70,388	FNMA, Pool #889061, 6.000%, 1/1/38		80,865
	4,654	FNMA, Pool #889382, 5.500%, 4/1/38		5,161
	242,286	FNMA, Pool #922674, (12M LIBOR +1.905%), 4.888%, 4/1/36^(A)		256,219
	82,914	FNMA, Pool #950385, (6M LIBOR +0.929%), 3.790%, 8/1/37^(A)		83,908
	38,045	FNMA, Pool #960376, 5.500%, 12/1/37		41,421
	108,981	FNMA, Pool #985670, 6.500%, 10/1/21		111,176
	140,429	FNMA, Pool #AA1150, 4.000%, 4/1/23		145,768
	7,957	FNMA, Pool #AD0941, 5.500%, 4/1/40		8,908
	59,226	FNMA, Pool #AE0363, 5.000%, 7/1/37		64,633
	11,567	FNMA, Pool #AE0727, 4.000%, 10/1/20		12,006
	66,442	FNMA, Pool #AE5441, 5.000%, 10/1/40		72,204
	123,365	FNMA, Pool #AI6588, 4.000%, 7/1/26		128,654
	137,406	FNMA, Pool #AI8506, 4.000%, 8/1/26		143,298
	127,532	FNMA, Pool #AL0211, 5.000%, 4/1/41		138,592
	15,047	FNMA, Pool #AL0302, 5.000%, 4/1/24		15,495
	673,550	FNMA, Pool #AL0478, (12M LIBOR +1.789%), 4.655%, 4/1/36^(A)		707,936
	225,581	FNMA, Pool #AL0543, 5.000%, 7/1/41		245,144
	117,376	FNMA, Pool #AL1105, 4.500%, 12/1/40		125,969
	25,587	FNMA, Pool #AL2591, 5.500%, 5/1/38		27,246
	395,799	FNMA, Pool #AL5275, (6M LIBOR +1.514%), 4.218%, 9/1/37^(A)		409,338
	1,838,732	FNMA, Pool #AL7396, (6M LIBOR +1.534%), 4.217%, 2/1/37^(A)		1,900,790
	5,636	GNMA, Pool #344233, 8.000%, 2/15/23		5,917
	26,391	GNMA, Pool #345123, 8.000%, 12/15/23		27,836
	2,908	GNMA, Pool #569337, 6.500%, 4/15/22		2,991
	4,538	GNMA, Pool #780322, 8.000%, 11/15/22		4,715
	379,499	GNMA, Pool #80826, (1 Year CMT Rate +1.500%), 4.000%, 2/20/34^(A)		394,937
	151,680	GNMA, Pool #80889, (1 Year CMT Rate +1.500%), 3.625%, 4/20/34^(A)		157,628
	291,326	GNMA, Pool #81016, (1 Year CMT Rate +1.500%), 3.750%, 8/20/34^(A)		303,758
	530,605	GNMA, Pool #82760, (1 Year CMT Rate +1.500%), 4.000%, 3/20/41^(A)		552,426
	246,469	GNMA, Pool #MA2392, (1 Year CMT Rate +1.500%), 4.000%, 11/20/44^(A)		255,408

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)


Principal Amount			Market Value
		U.S. Government Mortgage-Backed
		Obligations — 1.6% (Continued)
$	995,405	GNMA, Pool #MA2466, (1 Year CMT
		Rate +1.500%), 4.000%, 12/20/44^(A)	$	1,029,728

		Total U.S. Government Mortgage-Backed Obligations	$	15,909,147

		U.S. Government Agency Obligations — 0.7%
	2,100,000	Overseas Private Investment Corp., (3M Treasury Bill + 0.000%), 2.400%, 10/15/39^(A)		2,100,000
	5,000,000	Overseas Private Investment Corp., (3M Treasury Bill + 0.000%), 2.420%, 7/20/22^(A)		5,000,000
	11,190	Small Business Administration Participation Certificates, Ser 2002-20A, Class 1, 6.140%, 1/1/22		11,493
	15,277	Small Business Administration Participation Certificates, Ser 2003-20E, Class 1, 4.640%, 5/1/23		15,873
	87,553	Small Business Administration Pools, (Prime Rate -2.500%), 3.000%, 4/25/28^(A)		87,543

		Total U.S. Government Agency Obligations	$	7,214,909

		Commercial Paper — 10.1%
	15,000,000	Anthem, Inc., 2.470%, 07/01/2019^(D)		14,996,869
	10,000,000	Baltimore Gas and Electric Co., 2.500%, 07/03/2019^(D)		9,996,519
	15,200,000	Commonwealth Edison Co., 2.500%, 07/01/2019^(D)		15,196,828
	5,450,000	Continental Rubber of America Corp., 2.600%, 07/01/2019^(D)		5,448,863
	4,450,000	CVS Health Corp., 2.460%, 07/01/2019^(D)		4,449,094
	15,500,000	Fortive Corp., 2.630%, 07/25/2019^(D)		15,470,519
	12,000,000	Hyundai Capital America, 2.600%, 07/29/2019^(D)		11,973,733
	12,000,000	Marriott International, Ser A, 2.560%, 07/24/2019^(D)		11,978,030
	3,600,000	PPL Capital Funding, Inc., 2.510%, 07/17/2019^(D)		3,595,202
	10,000,000	Union Pacific Corp., 2.500%, 07/10/2019^(D)		9,991,253

		Total Commercial Paper	$	103,096,910


Shares
		Short-Term Investment Fund — 0.5%
	5,099,654	Dreyfus Government Cash Management, Institutional Shares, 2.25%^¥W	$	5,099,654


	Market Value
Total Investment Securities —100.2% (Cost $1,021,670,839)	$	1,023,663,174
Liabilities in Excess of Other Assets — (0.2%)		(1,565,006	)

Net Assets — 100.0%	$	1,022,098,168

^(A)

Variable rate security - Rate reflected is the rate in effect as of June 30, 2019.

^(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.

^(C)

^(D)

Rate reflects yield at the time of purchase.

^†^†

The issuers and/or sponsors of certain mortgage-backed securities may no longer exist; however, the securities held by the Fund are separate legal entities organized as trusts and publicly traded. The Fund receives principal and interest payments directly from these trusts.

¥	Open-End Fund.

W	Represents the 7-day SEC yield as of June 30, 2019.

Portfolio Abbreviations:

ARM - Adjustable Rate Mortgage

CDO - Collateralized Debt Obligations

CLO - Collateralized Loan Obligations

CMT - Constant Maturity Treasury

FDIC - Federal Deposit Insurance Corporation

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

FREMF - Freddie Mac Multifamily Securization

GNMA - Government National Mortgage Association

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LOC - Letter of Credit

Touchstone Ultra Short Duration Fixed Income Fund (Unaudited) (Continued)

LP - Limited Partnership

MTN - Medium Term Note

PLC - Public Limited Company

REIT - Real Estate Investment Trust

REMIC - Real Estate Mortgage Investment Conduit

SOFR - Secured Overnight Financing Rate

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 June 30, 2019, these securities were valued at $523,676,471 or 51.2% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Other Information:

Valuation inputs at Reporting Date:

Description

Level 1

Level 2

Level 3

Total

Asset-Backed Securities

—

373,006,544

—

373,006,544

Corporate Bonds

—

348,979,944

—

348,979,944

Commercial Mortgage-Backed Securities

—

88,391,898

—

88,391,898

Agency Collateralized Mortgage Obligations

—

32,990,186

—

32,990,186

Municipal Bonds

—

30,849,062

—

30,849,062

Non-Agency Collateralized Mortgage Obligations

—

18,124,920

—

18,124,920

U.S. Government Mortgage-Backed Obligations

—

15,909,147

—

15,909,147

U.S. Government Agency Obligations

—

7,214,909

—

7,214,909

Commercial Paper

—

103,096,910

—

103,096,910

Short-Term Investment Fund

5,099,654

—

5,099,654

Total

5,099,654

1,018,563,520

—

1,023,663,174

See accompanying Notes to Portfolios of Investments.

Notes to Portfolios of Investments

June 30, 2019 (Unaudited)

Security valuation and fair value measurements—U.S. generally accepted accounting principles (“U.S. GAAP”) define 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 “market value”, 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:


• Level 1 –		quoted prices in active markets for identical securities

• Level 2 –		other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 –		significant unobservable inputs (including a Fund’s 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 June 30, 2019, for each Fund’s investments, as well as a reconciliation of assets for which significant unobservable inputs (Level 3) were used in determining value, if applicable, is included in each Fund’s Portfolio of Investments, which also includes a breakdown of the Fund’s investments by geographic, portfolio or sector allocation. The Credit Opportunities II Fund and Small Cap Value Fund held Level 3 categorized securities during the period ended June 30, 2019. Refer to the Portfolio of Investments for a reconciliation of Level 3 holdings.

Changes in valuation techniques may result in transfers into or out of an investment’s 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 (“NYSE”) (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 (“NOCP”) 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 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 (“NAV”) as reported by the underlying funds (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 securities’ terms and conditions, among others, and are generally categorized in Level 2. The Active Bond Fund’s and Ultra Short Duration Fixed Income Fund’s 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

Notes to Portfolios of Investments (Unaudited) (Continued)

on the unique attributes of the tranche, and are generally categorized in Level 2. 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.

Foreign currency exchange contracts are valued at the mean between the bid and ask prices and are determined as of the close of regular trading on the NYSE. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available and are categorized in Level 2.

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 Fund’s NAV.

The Funds may use fair value pricing under the following circumstances, among others:

•

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.

•

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.

•

If a security is so thinly traded that reliable market quotations are unavailable due to infrequent trading.

•

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 Board and are generally categorized in Level 3.

Each Fund is an investment company that follows the accounting and reporting guidance of Accounting Standards Codification Topic 946 applicable to investment companies.

Security transactions—Security transactions are reflected for financial reporting purposes as of the trade date.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

Create E-mail Alert Related Categories

SEC Filings

Sign up for StreetInsider Free!

Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!

Form NPORT-EX TOUCHSTONE FUNDS GROUP For: Jun 30

You May Also Be Interested In

Create E-mail Alert Related Categories

Sign up for StreetInsider Free!

Free News Feed