UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03651
Touchstone Strategic Trust - March Funds
(Exact name of registrant as specified in charter)
303 Broadway, Suite 1100
Cincinnati, Ohio 45202-4203
(Address of principal executive offices) (Zip code)
E. Blake Moore Jr.
303 Broadway, Suite 1100
Cincinnati, Ohio 45202-4203
(Name and address of agent for service)
Registrant's telephone number, including area code: 800-638-8194
Date of fiscal year end: March 31
Date of reporting period: September 30, 2021
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Item 1. Reports to Stockholders.
(a) | The Report to Shareholders is attached herewith. |
Touchstone Strategic Trust |
Touchstone Flexible Income Fund |
Touchstone Focused Fund |
Touchstone Global ESG Equity Fund |
Touchstone Growth Opportunities Fund |
Touchstone Mid Cap Growth Fund |
Touchstone Sands Capital Emerging Markets Growth Fund |
Touchstone Strategic Income Opportunities Fund |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 40.7% |
AA/Aa | 0.2 |
A/A | 4.5 |
BBB/Baa | 8.8 |
BB/Ba | 5.7 |
B/B | 4.1 |
CCC | 1.2 |
Not Rated | 34.8 |
Total | 100.0% |
Credit Quality*(% of Preferred Stocks) | |
A/A | 1.8% |
BBB/Baa | 44.8 |
BB/Ba | 36.6 |
Cash Equivalents | 16.8 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Fixed Income Securities | 73.8% |
Preferred Stocks | |
Financials | 7.4 |
Utilities | 2.1 |
Energy | 0.5 |
Communication Services | 0.2 |
Investment Funds | 8.7 |
Short-Term Investment Funds | 6.5 |
Other Assets/Liabilities (Net) | 0.8 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Information Technology | 23.1% |
Communication Services | 16.4 |
Consumer Discretionary | 13.1 |
Financials | 13.1 |
Health Care | 10.1 |
Industrials | 9.9 |
Consumer Staples | 4.5 |
Real Estate | 4.1 |
Materials | 1.2 |
Energy | 1.2 |
Short-Term Investment Fund | 3.5 |
Other Assets/Liabilities (Net) | (0.2) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
United States | 55.1% |
Japan | 7.3 |
Germany | 7.0 |
France | 5.5 |
Sweden | 4.3 |
South Korea | 3.3 |
United Kingdom | 2.9 |
China | 2.6 |
India | 1.9 |
Italy | 1.9 |
Switzerland | 1.7 |
Singapore | 1.4 |
Netherlands | 1.3 |
Canada | 1.0 |
Denmark | 0.6 |
Thailand | 0.6 |
Exchange-Traded Funds | 1.0 |
Short-Term Investment Funds | 1.8 |
Other Assets/Liabilities (Net) | (1.2) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 41.2% |
Health Care | 14.9 |
Communication Services | 13.2 |
Consumer Discretionary | 11.3 |
Industrials | 8.3 |
Financials | 4.8 |
Consumer Staples | 1.9 |
Real Estate | 1.5 |
Energy | 1.0 |
Short-Term Investment Fund | 3.6 |
Other Assets/Liabilities (Net) | (1.7) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 34.7% |
Health Care | 19.0 |
Industrials | 14.8 |
Consumer Discretionary | 12.6 |
Financials | 8.1 |
Communication Services | 5.3 |
Energy | 1.8 |
Real Estate | 1.8 |
Materials | 1.3 |
Short-Term Investment Fund | 0.7 |
Other Assets/Liabilities (Net) | (0.1) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
India | 25.8% |
China | 24.0 |
Taiwan | 15.1 |
Argentina | 9.7 |
Russia | 6.9 |
Brazil | 6.4 |
Hong Kong | 3.5 |
Kazakhstan | 2.1 |
Indonesia | 1.7 |
South Korea | 1.3 |
Thailand | 1.1 |
Vietnam | 0.2 |
Short-Term Investment Funds | 4.0 |
Other Assets/Liabilities (Net) | (1.8) |
Total | 100.0% |
Opportunities Fund
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 22.0% |
A/A | 7.1 |
BBB/Baa | 33.9 |
BB/Ba | 14.8 |
B/B | 11.8 |
CCC | 0.9 |
Not Rated | 9.5 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Corporate Bonds | 46.7% |
U.S. Treasury Obligations | 20.2 |
Asset-Backed Securities | 18.2 |
Common Stocks | |
Industrials | 1.1 |
Information Technology | 1.0 |
Financials | 0.9 |
Health Care | 0.5 |
Communication Services | 0.5 |
Energy | 0.5 |
Materials | 0.5 |
Consumer Staples | 0.4 |
Sovereign Government Obligations | 3.6 |
Commercial Mortgage-Backed Securities | 2.9 |
Agency Collateralized Mortgage Obligations | 0.7 |
Rights | 0.0 |
Short-Term Investment Fund | 1.6 |
Other Assets/Liabilities (Net) | 0.7 |
Total | 100.0% |
Principal Amount | Market Value | |||
Corporate Bonds — 27.6% | ||||
Financials — 14.6% | ||||
$ 9,484,000 | Ally Financial, Inc., Ser B, 4.700%(A) | $ 9,871,421 | ||
15,728,000 | Ally Financial, Inc., Ser C, 4.700%(A) | 16,435,760 | ||
3,378,000 | Bank of New York Mellon Corp. (The), Ser G, 4.700%(A) | 3,707,355 | ||
18,593,000 | Charles Schwab Corp. (The), Ser G, 5.375%(A) | 20,661,471 | ||
4,775,000 | Citigroup, Inc., Ser V, 4.700%(A) | 4,882,438 | ||
6,134,000 | Citigroup, Inc., Ser W, 4.000%(A) | 6,356,051 | ||
12,391,000 | Citizens Financial Group, Inc., Ser F, 5.650%(A) | 13,925,006 | ||
8,935,000 | Coinbase Global, Inc., 144a, 3.375%, 10/1/28 | 8,599,938 | ||
5,506,000 | Fifth Third Bancorp, Ser L, 4.500%(A) | 5,982,269 | ||
7,844,000 | FS KKR Capital Corp., 2.625%, 1/15/27 | 7,859,422 | ||
13,936,000 | Regions Financial Corp., Ser D, 5.750%(A) | 15,542,821 | ||
11,043,000 | Truist Financial Corp., Ser Q, 5.100%(A) | 12,693,928 | ||
5,172,000 | Wells Fargo & Co., Ser BB, 3.900%(A) | 5,333,625 | ||
131,851,505 | ||||
Energy — 7.0% | ||||
25,504,000 | BP Capital Markets PLC (United Kingdom), 4.875%(A) | 28,035,530 | ||
4,302,000 | Energy Transfer LP, (3M LIBOR +3.018%), 3.143%, 11/1/66(B) | 3,548,290 | ||
5,566,000 | Energy Transfer LP, Ser G, 7.125%(A) | 5,795,597 | ||
9,624,000 | Energy Transfer LP, Ser H, 6.500%(A) | 10,022,145 | ||
15,892,000 | MPLX LP, Ser B, 6.875%(A) | 16,130,380 | ||
63,531,942 | ||||
Utilities — 4.9% | ||||
15,630,000 | Edison International, Ser A, 5.375%(A) | 16,162,201 | ||
25,813,000 | Sempra Energy, 4.875%(A) | 28,007,105 | ||
44,169,306 | ||||
Consumer Discretionary — 1.1% | ||||
9,199,000 | Marriott Ownership Resorts, Inc., 144a, 6.125%, 9/15/25 | 9,716,444 | ||
Total Corporate Bonds | $249,269,197 | |||
Agency Collateralized Mortgage Obligations — 27.1% | ||||
27,737,221 | FHLMC Multifamily Structured Pass Through Certificates, Ser K104, Class X1, 1.248%, 2/25/52(B)(C)(D) | 2,254,417 | ||
47,411,961 | FHLMC Multifamily Structured Pass Through Certificates, Ser K109, Class X1, 1.699%, 4/25/30(B)(C)(D) | 5,506,695 | ||
34,538,307 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X1, 1.814%, 4/25/30(B)(C)(D) | 4,267,836 | ||
7,005,157 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X3, 3.521%, 6/25/48(B)(C)(D) | 1,732,105 | ||
28,800,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class XAM, 1.985%, 4/25/30(B)(C)(D) | 4,201,802 | ||
34,746,866 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X1, 1.681%, 5/25/30(B)(C)(D) | 4,088,806 | ||
15,310,315 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X3, 3.286%, 4/25/48(B)(C)(D) | 3,598,899 | ||
35,663,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class XAM, 1.906%, 5/25/30(B)(C)(D) | 5,035,262 | ||
66,924,638 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X1, 1.536%, 5/25/30(B)(C)(D) | 7,279,962 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 27.1% (Continued) | ||||
$ 15,300,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X3, 3.105%, 7/25/48(B)(C)(D) | $ 3,399,102 | ||
10,630,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class XAM, 1.766%, 5/25/30(B)(C)(D) | 1,396,796 | ||
55,696,680 | FHLMC Multifamily Structured Pass Through Certificates, Ser K113, Class X1, 1.490%, 6/25/30(B)(C)(D) | 5,856,879 | ||
10,743,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K113, Class XAM, 1.693%, 6/25/30(B)(C)(D) | 1,361,828 | ||
19,500,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K114, Class X3, 2.830%, 8/25/48(B)(C)(D) | 3,904,471 | ||
21,702,896 | FHLMC Multifamily Structured Pass Through Certificates, Ser K115, Class X3, 3.060%, 9/25/48(B)(C)(D) | 4,734,867 | ||
26,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K116, Class X3, 3.125%, 9/25/47(B)(C)(D) | 5,856,425 | ||
39,700,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K117, Class XAM, 1.533%, 9/25/30(B)(C)(D) | 4,586,716 | ||
24,034,533 | FHLMC Multifamily Structured Pass Through Certificates, Ser K118, Class X3, 2.786%, 10/25/48(B)(C)(D) | 4,876,155 | ||
11,576,808 | FHLMC Multifamily Structured Pass Through Certificates, Ser K120, Class X3, 2.835%, 11/25/48(B)(C)(D) | 2,407,483 | ||
16,073,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K121, Class X3, 2.868%, 11/25/48(B)(C)(D) | 3,453,517 | ||
9,700,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Class X3, 2.722%, 1/25/49(B)(C)(D) | 1,949,499 | ||
7,569,056 | FHLMC Multifamily Structured Pass Through Certificates, Ser K123, Class X3, 2.719%, 2/25/49(B)(C)(D) | 1,529,199 | ||
9,255,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K124, Class X3, 2.711%, 2/25/49(B)(C)(D) | 1,879,193 | ||
16,150,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K125, Class X3, 2.746%, 2/25/49(B)(C)(D) | 3,331,684 | ||
38,058,448 | FHLMC Multifamily Structured Pass Through Certificates, Ser K127, Class X3, 2.746%, 3/25/49(B)(C)(D) | 7,910,247 | ||
18,230,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K128, Class X3, 2.886%, 4/25/31(B)(C)(D) | 3,960,859 | ||
6,628,509 | FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class X3, 3.203%, 8/25/48(B)(C)(D) | 1,650,788 | ||
41,864,611 | FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class XAM, 1.321%, 7/25/31(B)(C)(D) | 4,539,895 | ||
10,451,281 | FHLMC Multifamily Structured Pass Through Certificates, Ser K131, Class X3, 2.947%, 9/25/31(B)(C)(D) | 2,487,688 | ||
35,434,281 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1515, Class X1, 1.638%, 2/25/35(B)(C)(D) | 5,526,387 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 27.1% (Continued) | ||||
$ 5,835,659 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1515, Class X3, 3.806%, 3/25/38(B)(C)(D) | $ 2,173,496 | ||
47,367,576 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1516, Class X1, 1.630%, 5/25/35(B)(C)(D) | 7,805,632 | ||
18,435,033 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1516, Class X3, 3.575%, 10/25/38(B)(C)(D) | 6,608,456 | ||
34,965,852 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X1, 1.447%, 7/25/35(B)(C)(D) | 5,075,356 | ||
52,485,811 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X3, 3.397%, 8/25/38(B)(C)(D) | 17,933,635 | ||
11,201,391 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1519, Class X3, 2.897%, 12/25/38(B)(C)(D) | 3,340,123 | ||
54,972,136 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, 0.578%, 2/25/36(B)(C)(D) | 2,940,372 | ||
5,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, Class X3, 3.198%, 4/25/39(B)(C)(D) | 1,651,661 | ||
54,133,547 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1521, Class X1, 0.981%, 8/25/36(B)(C)(D) | 5,926,838 | ||
15,100,238 | FHLMC Multifamily Structured Pass Through Certificates, Ser K739, Class X3, 2.947%, 11/25/48(B)(C)(D) | 2,224,579 | ||
16,196,664 | FHLMC Multifamily Structured Pass Through Certificates, Ser K741, Class X3, 2.533%, 3/25/49(B)(C)(D) | 2,155,769 | ||
16,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K742, Class X3, 2.685%, 4/25/28(B)(C)(D) | 2,397,405 | ||
9,500,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K743, Class X3, 3.056%, 6/25/49(B)(C)(D) | 1,643,752 | ||
39,018,396 | FHLMC Multifamily Structured Pass Through Certificates, Ser K744, Class X3, 3.060%, 8/25/49(B)(C)(D) | 6,863,882 | ||
47,774,075 | FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class X3, 2.674%, 9/25/49(B)(C)(D) | 7,639,776 | ||
146,903,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class XAM, 1.011%, 9/25/28(B)(C)(D) | 9,514,167 | ||
53,183,886 | FRESB 2020-SB81Mortgage Trust, Ser 2020-SB81, Class X1, 1.190%, 10/25/40(B)(C)(D) | 4,207,994 | ||
32,647,104 | FRESB Mortgage Trust, Ser 2020-SB79, Class X1, 1.214%, 7/25/40(B)(C)(D) | 2,270,502 | ||
45,456,374 | FRESB Mortgage Trust, Ser 2021-SB82, Class X1, 1.247%, 10/25/40(B)(C)(D) | 3,139,235 | ||
56,406,070 | FRESB Mortgage Trust, Ser 2021-SB83, Class X1, 0.975%, 1/25/41(B)(C)(D) | 3,531,150 | ||
33,365,377 | FRESB Mortgage Trust, Ser 2021-SB84, Class X1, 0.667%, 1/25/41(B)(C)(D) | 1,692,896 | ||
78,784,078 | FRESB Mortgage Trust, Ser 2021-SB85, Class X1, 0.509%, 3/25/41(B)(C)(D) | 3,495,988 | ||
93,142,275 | FRESB Mortgage Trust, Ser 2021-SB87, Class X1, 0.790%, 4/25/41(B)(C)(D) | 5,016,792 | ||
89,894,033 | FRESB Mortgage Trust, Ser 2021-SB88, Class X1, 0.833%, 5/25/41(B)(C)(D) | 4,620,023 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 27.1% (Continued) | ||||
$150,683,295 | FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB86, Class X1, 0.468%, 3/25/41(B)(C)(D) | $ 6,809,830 | ||
67,959,581 | FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB89, Class X1, 0.716%, 6/25/41(B)(C)(D) | 3,282,747 | ||
4,754,392 | GNMA, Ser 2012-147, Class IO, 0.566%, 4/16/54(B)(C)(D) | 85,337 | ||
18,145,733 | GNMA, Ser 2016-110, Class IO, 0.916%, 5/16/58(B)(C)(D) | 935,703 | ||
24,470,082 | GNMA, Ser 2016-158, Class IO, 0.766%, 6/16/58(B)(C)(D) | 1,104,646 | ||
29,799,966 | GNMA, Ser 2016-52, Class IO, 0.807%, 3/16/58(B)(C)(D) | 1,304,613 | ||
29,263,635 | GNMA, Ser 2017-76, Class IO, 0.870%, 12/16/56(B)(C)(D) | 1,573,506 | ||
22,372,139 | GNMA, Ser 2017-94, Class IO, 0.558%, 2/16/59(B)(C)(D) | 945,055 | ||
Total Agency Collateralized Mortgage Obligations | $244,476,378 | |||
U.S. Treasury Obligations — 15.7% | ||||
70,000,000 | U.S. Treasury Note, 1.750%, 6/15/22 | 70,814,844 | ||
70,000,000 | U.S. Treasury Note, 2.500%, 1/15/22 | 70,494,278 | ||
Total U.S. Treasury Obligations | $141,309,122 |
Shares | ||||
Preferred Stocks — 10.2% | ||||
Financials — 7.4% | ||||
597,440 | AGNC Investment Corp. REIT, Ser F, 6.125%(A) | 15,079,386 | ||
493,052 | Annaly Capital Management, Inc. REIT, Ser I, 6.750%(A) | 13,134,905 | ||
128,065 | Bank of America Corp., Ser GG, 6.000%(A) | 3,455,194 | ||
21,818 | GMAC Capital Trust I, Ser 2, (3M LIBOR +5.785%), 5.910%, 2/15/40(B) | 550,686 | ||
113,837 | Hartford Financial Services Group, Inc. (The), 7.875%, 4/15/42 | 2,954,070 | ||
62,822 | JPMorgan Chase & Co., Ser LL, 4.625%(A) | 1,658,501 | ||
254,594 | National Rural Utilities Cooperative Finance Corp., Ser US, 5.500%, 5/15/64 | 6,978,422 | ||
290,000 | New Residential Investment Corp. REIT, Ser D, 7.000%(A) | 7,287,700 | ||
190,088 | Reinsurance Group of America, Inc., 6.200%, 9/15/42 | 4,989,810 | ||
136,380 | Stifel Financial Corp., 5.200%, 10/15/47 | 3,709,536 | ||
190,829 | Virtus AllianzGI Convertible & Income Fund, Ser A, 5.625%(A) | 5,064,602 | ||
70,650 | Wells Fargo & Co., Ser Z, 4.750%(A) | 1,850,323 | ||
66,713,135 | ||||
Utilities — 2.1% | ||||
349,698 | Brookfield Renewable Partners LP (Canada), Ser 17, 5.250%(A) | 9,232,027 | ||
241,181 | Duke Energy Corp., Ser A, 5.750%(A) | 6,680,714 | ||
126,633 | Entergy Louisiana LLC, 4.875%, 9/1/66 | 3,197,483 | ||
670 | Entergy New Orleans LLC, 5.000%, 12/1/52 | 16,985 | ||
19,127,209 | ||||
Energy — 0.5% | ||||
22,839 | Enbridge, Inc. (Canada), Ser 1, 5.949%(A) | 507,254 | ||
90,996 | Enbridge, Inc. (Canada), Ser 5, 5.375%(A) | 2,001,912 | ||
46,849 | Enbridge, Inc. (Canada), Ser J, 4.887%(A) | 969,774 | ||
32,865 | Enbridge, Inc. (Canada), Ser L, 4.959%(A) | 692,466 | ||
4,171,406 |
Shares | MarketValue | |||
Preferred Stocks — 10.2% (Continued) | ||||
Communication Services — 0.2% | ||||
69,235 | AT&T, Inc. , 5.350%, 11/1/66 | $ 1,814,649 | ||
Total Preferred Stocks | $91,826,399 | |||
Investment Funds — 8.7% | ||||
631,461 | BlackRock Corporate High Yield Fund, Inc.± | 7,703,824 | ||
73,745 | BlackRock Credit Allocation Income Trust±† | 1,117,237 | ||
85,719 | BlackRock Debt Strategies Fund, Inc.± | 989,197 | ||
94,038 | BlackRock Ltd. Duration Income Trust± | 1,607,109 | ||
110,000 | BlackRock MuniHoldings Fund, Inc.±† | 1,800,700 | ||
514,583 | BlackRock MuniVest Fund, Inc.±† | 4,873,101 | ||
175,266 | BlackRock MuniYield Quality Fund III, Inc.±† | 2,572,905 | ||
12,837 | Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.±† | 350,193 | ||
190,899 | Eaton Vance Municipal Bond Fund±† | 2,554,229 | ||
99,219 | First Trust High Income Long/Short Fund±† | 1,576,590 | ||
26,692 | First Trust Intermediate Duration Preferred & Income Fund±† | 667,834 | ||
526,246 | Invesco Municipal Opportunity Trust±† | 7,204,308 | ||
220,953 | Invesco Municipal Trust± | 2,960,770 | ||
1,501,838 | Invesco Senior Income Trust±† | 6,683,179 | ||
407,808 | Invesco Trust for Investment Grade Municipals± | 5,582,892 | ||
417,327 | Nuveen AMT-Free Quality Municipal Income Fund±† | 6,339,197 | ||
1,169,198 | Nuveen Credit Strategies Income Fund± | 7,669,939 | ||
104,375 | Nuveen Preferred & Income Opportunities Fund±† | 1,033,313 | ||
115,860 | Nuveen Preferred & Income Securities Fund±† | 1,135,428 | ||
352,518 | Nuveen Quality Municipal Income Fund±† | 5,506,331 | ||
248,476 | Wells Fargo Income Opportunities Fund± | 2,186,589 | ||
924,038 | Western Asset High Income Opportunity Fund, Inc.± | 4,795,757 | ||
117,465 | Western Asset High Yield Defined Opportunity Fund, Inc.±† | 1,871,217 | ||
Total Investment Funds | $78,781,839 |
Principal Amount | ||||
Non-Agency Collateralized Mortgage Obligations — 1.9% | ||||
$ 65,234 | Bear Stearns Asset Backed Securities Trust, Ser 2003-AC7, Class A2, 5.750%, 1/25/34(B)(D) | 66,397 | ||
5,378 | Merrill Lynch Mortgage Investors Trust, Ser 2003-A1, Class 2A, (12M LIBOR +1.625%), 1.860%, 12/25/32(B) | 5,410 | ||
138,280 | Morgan Stanley Mortgage Loan Trust, Ser 2004-7AR, Class 2A6, 2.454%, 9/25/34(B)(D) | 143,466 | ||
4,317,583 | New Residential Mortgage Loan Trust, Ser 2020-RPL2, Class A1, 144a, 3.578%, 8/25/25(B)(D) | 4,389,230 | ||
2,437,167 | PRPM LLC, Ser 2020-2, Class A1, 144a, 3.671%, 8/25/25(B)(D) | 2,452,752 | ||
9,764 | RALI Series Trust, Ser 2004-QS6, Class A1, 5.000%, 5/25/19 | 9,180 | ||
10,109,221 | Redwood Funding Trust, Ser 2020-1, Class A, 144a, 4.750%, 7/27/59(B)(D) | 10,124,627 | ||
Total Non-Agency Collateralized Mortgage Obligations | $17,191,062 | |||
Asset-Backed Securities — 0.8% | ||||
201,208 | Arivo Acceptance Auto Loan Receivables Trust, Ser 2019-1, Class A, 144a, 2.990%, 7/15/24 | 202,962 | ||
907,355 | Carvana Auto Receivables Trust, Ser 2019-4A, Class A3, 144a, 2.300%, 9/15/23 | 907,992 | ||
1,082,177 | Carvana Auto Receivables Trust, Ser 2021-P2, Class A1, 0.129%, 7/10/22 | 1,082,172 | ||
30,121 | Conseco Finance Corp., Ser 1998-4, Class A7, 6.870%, 4/1/30(B)(D) | 30,262 |
Principal Amount | MarketValue | |||
Asset-Backed Securities — 0.8% (Continued) | ||||
$ 317,951 | Mid-State Capital Corp. Trust, Ser 2005-1, Class M2, 7.079%, 1/15/40 | $ 345,845 | ||
3,000,000 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-1A, Class D, 144a, (3M LIBOR +6.000%), 6.134%, 4/20/29(B) | 3,017,052 | ||
1,874,379 | Santander Drive Auto Receivables Trust, Ser 2021-3, Class A1, 0.141%, 7/15/22 | 1,874,366 | ||
Total Asset-Backed Securities | $7,460,651 | |||
Commercial Mortgage-Backed Securities — 0.7% | ||||
29,860,354 | BANK, Ser 2020-BN26, Class XA, 1.350%, 3/15/63(B)(C)(D) | 2,499,667 | ||
3,335,216 | VCC Trust, Ser 2020-MC1, Class A, 144a, 4.500%, 6/25/45(B)(D) | 3,338,094 | ||
Total Commercial Mortgage-Backed Securities | $5,837,761 |
Shares | ||||
Short-Term Investment Funds — 6.5% | ||||
56,367,721 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 56,367,721 | ||
3,092,120 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%∞Ω** | 2,499,820 | ||
Total Short-Term Investment Funds | $58,867,541 | |||
Total Investment Securities—99.2% (Cost $867,432,845) | $895,019,950 | |||
Other Assets in Excess of Liabilities — 0.8% | 6,810,827 | |||
Net Assets — 100.0% | $901,830,777 |
(A) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
(B) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2021. |
(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. |
(D) | 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. |
± | Closed-end Fund. |
** | 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 September 30, 2021 was $2,441,824. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
FHLMC – Federal Home Loan Mortgage Corporation |
FRESB – Freddie Mac Multifamily Securitization Small Balance Loan |
GNMA – Government National Mortgage Association |
IO – Interest Only |
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 September 30, 2021, these securities were valued at $42,749,091 or 4.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Corporate Bonds | $— | $249,269,197 | $— | $249,269,197 |
Agency Collateralized Mortgage Obligations | — | 244,476,378 | — | 244,476,378 |
U.S. Treasury Obligations | — | 141,309,122 | — | 141,309,122 |
Preferred Stocks | 91,319,145 | 507,254 | — | 91,826,399 |
Investment Funds | 78,781,839 | — | — | 78,781,839 |
Non-Agency Collateralized Mortgage Obligations | — | 17,191,062 | — | 17,191,062 |
Asset-Backed Securities | — | 7,460,651 | — | 7,460,651 |
Commercial Mortgage-Backed Securities | — | 5,837,761 | — | 5,837,761 |
Short-Term Investment Funds | 58,867,541 | — | — | 58,867,541 |
Total | $228,968,525 | $666,051,425 | $— | $895,019,950 |
Shares | Market Value | |||
Common Stocks — 96.7% | ||||
Information Technology — 23.1% | ||||
433,946 | Apple, Inc. | $ 61,403,359 | ||
115,125 | International Business Machines Corp. | 15,994,316 | ||
300,854 | Microsoft Corp. | 84,816,760 | ||
257,624 | Oracle Corp. | 22,446,779 | ||
131,486 | salesforce.com, Inc.* | 35,661,633 | ||
198,536 | Smartsheet, Inc. - Class A* | 13,663,248 | ||
183,412 | SS&C Technologies Holdings, Inc. | 12,728,793 | ||
114,131 | Texas Instruments, Inc. | 21,937,119 | ||
73,664 | Workday, Inc. - Class A* | 18,407,897 | ||
287,059,904 | ||||
Communication Services — 16.4% | ||||
26,992 | Alphabet, Inc. - Class C* | 71,942,047 | ||
471,905 | Comcast Corp. - Class A | 26,393,647 | ||
205,333 | Facebook, Inc. - Class A* | 69,687,967 | ||
289,405 | Fox Corp. - Class A | 11,608,034 | ||
39,402 | Netflix, Inc.* | 24,048,617 | ||
203,680,312 | ||||
Consumer Discretionary — 13.1% | ||||
81,610 | Alibaba Group Holding Ltd. (China) ADR* | 12,082,361 | ||
15,338 | Amazon.com, Inc.* | 50,385,944 | ||
206,190 | Choice Hotels International, Inc. | 26,056,230 | ||
101,262 | Cracker Barrel Old Country Store, Inc. | 14,160,478 | ||
72,860 | Floor & Decor Holdings, Inc. - Class A* | 8,800,759 | ||
339,477 | Frontdoor, Inc.* | 14,224,086 | ||
174,981 | Hilton Worldwide Holdings, Inc.* | 23,116,740 | ||
465,105 | Trip.com Group Ltd. (China) ADR* | 14,301,979 | ||
163,128,577 | ||||
Financials — 13.1% | ||||
861,071 | Bank of America Corp. | 36,552,464 | ||
152,113 | Berkshire Hathaway, Inc. - Class B* | 41,517,722 | ||
120,012 | Goldman Sachs Group, Inc. (The) | 45,368,136 | ||
88,194 | LPL Financial Holdings, Inc. | 13,825,292 | ||
91,140 | Signature Bank | 24,815,599 | ||
162,079,213 | ||||
Health Care — 10.1% | ||||
128,618 | AmerisourceBergen Corp. | 15,363,420 | ||
353,653 | Bristol-Myers Squibb Co. | 20,925,648 | ||
116,332 | HCA Healthcare, Inc. | 28,236,103 | ||
191,981 | Johnson & Johnson | 31,004,932 | ||
76,711 | UnitedHealth Group, Inc. | 29,974,056 | ||
125,504,159 | ||||
Industrials — 9.9% | ||||
130,562 | Allegiant Travel Co.* | 25,522,260 | ||
46,684 | Deere & Co. | 15,642,408 | ||
243,620 | Hexcel Corp.* | 14,468,592 | ||
119,016 | Hubbell, Inc. | 21,502,621 | ||
55,696 | Parker-Hannifin Corp. | 15,573,715 | ||
344,391 | Raytheon Technologies Corp. | 29,603,850 | ||
122,313,446 |
Shares | Market Value | |||
Consumer Staples — 4.5% | ||||
272,213 | Coca-Cola Femsa SAB de CV (Mexico) ADR | $ 15,317,425 | ||
223,361 | Monster Beverage Corp.* | 19,841,158 | ||
213,062 | Philip Morris International, Inc. | 20,196,147 | ||
55,354,730 | ||||
Real Estate — 4.1% | ||||
314,841 | Americold Realty Trust REIT | 9,146,131 | ||
170,350 | Jones Lang LaSalle, Inc.* | 42,262,132 | ||
51,408,263 | ||||
Materials — 1.2% | ||||
227,014 | DuPont de Nemours, Inc. | 15,434,682 | ||
Energy — 1.2% | ||||
251,542 | Exxon Mobil Corp. | 14,795,700 | ||
Total Common Stocks | $1,200,758,986 | |||
Short-Term Investment Fund — 3.5% | ||||
43,737,113 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 43,737,113 | ||
Total Investment Securities—100.2% (Cost $658,744,214) | $1,244,496,099 | |||
Liabilities in Excess of Other Assets — (0.2%) | (2,248,981) | |||
Net Assets — 100.0% | $1,242,247,118 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $1,200,758,986 | $— | $— | $1,200,758,986 |
Short-Term Investment Fund | 43,737,113 | — | — | 43,737,113 |
Total | $1,244,496,099 | $— | $— | $1,244,496,099 |
Shares | Market Value | |||
Common Stocks — 98.4% | ||||
United States — 55.1% | ||||
Communication Services — 3.6% | ||||
71,444 | Facebook, Inc. - Class A* | $ 24,247,379 | ||
Consumer Discretionary — 2.6% | ||||
2,124 | Amazon.com, Inc.* | 6,977,425 | ||
89,895 | Kohl's Corp. | 4,233,155 | ||
59,940 | Ralph Lauren Corp. | 6,655,738 | ||
Financials — 13.2% | ||||
228,142 | Arch Capital Group Ltd.* | 8,710,462 | ||
181,865 | Discover Financial Services | 22,342,115 | ||
623,717 | First Horizon Corp. | 10,160,350 | ||
126,096 | Globe Life, Inc. | 11,226,327 | ||
70,064 | OneMain Holdings, Inc. | 3,876,641 | ||
144,936 | Reinsurance Group of America, Inc. | 16,125,579 | ||
77,023 | Willis Towers Watson PLC | 17,904,767 | ||
Health Care — 9.1% | ||||
26,507 | Alnylam Pharmaceuticals, Inc.* | 5,004,787 | ||
67,648 | Becton Dickinson & Co. | 16,629,231 | ||
86,667 | BioMarin Pharmaceutical, Inc.* | 6,698,492 | ||
68,681 | Bridgebio Pharma, Inc.* | 3,219,079 | ||
222,791 | Elanco Animal Health, Inc.* | 7,104,805 | ||
43,849 | Eli Lilly & Co. | 10,131,311 | ||
105,083 | Ionis Pharmaceuticals, Inc.* | 3,524,484 | ||
69,793 | Medtronic PLC | 8,748,553 | ||
2,035 | Regeneron Pharmaceuticals, Inc.* | 1,231,541 | ||
Industrials — 5.0% | ||||
218,670 | Carrier Global Corp. | 11,318,359 | ||
38,514 | Deere & Co. | 12,904,886 | ||
28,726 | United Rentals, Inc.* | 10,080,815 | ||
Information Technology — 19.3% | ||||
91,193 | Apple, Inc. | 12,903,809 | ||
99,237 | Applied Materials, Inc. | 12,774,779 | ||
92,005 | Fidelity National Information Services, Inc. | 11,195,168 | ||
41,982 | First Solar, Inc.* | 4,007,602 | ||
96,966 | II-VI, Inc.* | 5,755,902 | ||
40,657 | Keysight Technologies, Inc.* | 6,679,539 | ||
142,903 | Micron Technology, Inc. | 10,143,255 | ||
127,917 | Microsoft Corp. | 36,062,361 | ||
62,920 | New Relic, Inc.* | 4,515,768 | ||
69,963 | TE Connectivity Ltd. | 9,600,323 | ||
43,568 | Visa, Inc. - Class A | 9,704,772 | ||
51,055 | WEX, Inc.* | 8,992,828 | ||
Materials — 1.2% | ||||
23,887 | Martin Marietta Materials, Inc. | 8,161,710 | ||
Real Estate — 1.1% | ||||
386,591 | Medical Properties Trust, Inc. REIT | 7,758,881 | ||
Total United States | 377,312,978 | |||
Japan — 7.3% | ||||
Communication Services — 0.6% | ||||
9,600 | Nintendo Co. Ltd. | 4,587,676 | ||
Consumer Discretionary — 5.1% | ||||
137,800 | Denso Corp. | 8,997,976 | ||
994,300 | Panasonic Corp. | 12,324,746 | ||
121,000 | Sony Group Corp. | 13,433,269 | ||
Industrials — 1.6% | ||||
183,300 | Hitachi Ltd. | 10,844,158 | ||
Total Japan | 50,187,825 |
Shares | Market Value | |||
Germany — 7.0% | ||||
Consumer Discretionary — 1.2% | ||||
71,445 | Continental AG* | $ 7,755,973 | ||
14,289 | Vitesco Technologies Group AG* | 844,135 | ||
Industrials — 2.3% | ||||
254,956 | Deutsche Post AG | 15,988,244 | ||
Materials — 1.8% | ||||
164,564 | HeidelbergCement AG | 12,277,032 | ||
Real Estate — 1.7% | ||||
190,352 | Vonovia SE | 11,443,651 | ||
Total Germany | 48,309,035 | |||
France — 5.5% | ||||
Industrials — 4.6% | ||||
200,910 | Cie de Saint-Gobain | 13,520,649 | ||
107,333 | Schneider Electric SE | 17,876,744 | ||
Materials — 0.9% | ||||
39,046 | Air Liquide SA | 6,253,613 | ||
Total France | 37,651,006 | |||
Sweden — 4.3% | ||||
Communication Services — 1.1% | ||||
523,271 | Tele2 AB - Class B† | 7,747,931 | ||
Financials — 3.2% | ||||
1,061,999 | Svenska Handelsbanken AB - Class A | 11,893,759 | ||
486,016 | Swedbank AB - Class A | 9,800,363 | ||
Total Sweden | 29,442,053 | |||
South Korea — 3.3% | ||||
Communication Services — 1.8% | ||||
424,525 | KT Corp. ADR | 5,782,031 | ||
248,350 | KT Corp. | 6,792,211 | ||
Consumer Staples — 0.5% | ||||
24,639 | E-MART, Inc. | 3,391,918 | ||
Financials — 1.0% | ||||
146,690 | KB Financial Group, Inc. | 6,822,189 | ||
Total South Korea | 22,788,349 | |||
United Kingdom — 2.9% | ||||
Financials — 1.8% | ||||
19,038,144 | Lloyds Banking Group PLC | 11,849,760 | ||
Industrials — 1.1% | ||||
267,273 | RELX PLC | 7,693,788 | ||
Total United Kingdom | 19,543,548 | |||
China — 2.6% | ||||
Communication Services — 1.3% | ||||
150,500 | Tencent Holdings Ltd. | 8,984,663 | ||
Consumer Discretionary — 1.3% | ||||
59,898 | Alibaba Group Holding Ltd. ADR* | 8,867,899 | ||
Total China | 17,852,562 | |||
India — 1.9% | ||||
Financials — 1.9% | ||||
691,902 | ICICI Bank Ltd. ADR | 13,056,191 | ||
Italy — 1.9% | ||||
Utilities — 1.9% | ||||
1,656,167 | Enel SpA | 12,711,443 |
Shares | Market Value | |||
Common Stocks — 98.4% (Continued) | ||||
Switzerland — 1.7% | ||||
Health Care — 1.7% | ||||
31,760 | Roche Holding AG | $ 11,591,446 | ||
Singapore — 1.4% | ||||
Financials — 0.7% | ||||
551,500 | Oversea-Chinese Banking Corp. Ltd. | 4,644,036 | ||
Real Estate — 0.7% | ||||
3,472,400 | CapitaLand Integrated Commercial Trust REIT | 5,170,607 | ||
Total Singapore | 9,814,643 | |||
Netherlands — 1.3% | ||||
Health Care — 1.3% | ||||
202,034 | Koninklijke Philips NV | 8,972,560 | ||
Canada — 1.0% | ||||
Financials — 1.0% | ||||
49,657 | Intact Financial Corp. | 6,566,046 | ||
Denmark — 0.6% | ||||
Industrials — 0.6% | ||||
102,821 | Vestas Wind Systems A/S | 4,124,051 | ||
Thailand — 0.6% | ||||
Industrials — 0.6% | ||||
2,257,700 | Airports of Thailand PCL | 4,045,968 | ||
Total Common Stocks | $673,969,704 | |||
Exchange-Traded Funds — 1.0% | ||||
8,029 | iShares Core S&P 500 ETF | 3,459,054 | ||
46,222 | iShares Core MSCI EAFE ETF | 3,431,983 | ||
Total Exchange-Traded Funds | $6,891,037 | |||
Short-Term Investment Funds — 1.8% | ||||
2,138,770 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 2,138,770 | ||
10,281,723 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%∞Ω** | 10,281,723 | ||
Total Short-Term Investment Funds | $12,420,493 | |||
Total Investment Securities — 101.2% (Cost $507,846,044) | $693,281,234 | |||
Liabilities in Excess of Other Assets — (1.2)% | (8,056,203) | |||
Net Assets — 100.0% | $685,225,031 |
* | 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 September 30, 2021 was $7,747,931. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
ETF – Exchange-Traded Fund |
PCL – Public Company Limited |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
S&P – Standards & Poor's |
Valuation inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | ||||
United States | $377,312,978 | $— | $— | $377,312,978 |
Japan | — | 50,187,825 | — | 50,187,825 |
Germany | 12,287,786 | 36,021,249 | — | 48,309,035 |
France | — | 37,651,006 | — | 37,651,006 |
Sweden | — | 29,442,053 | — | 29,442,053 |
South Korea | 5,782,031 | 17,006,318 | — | 22,788,349 |
United Kingdom | — | 19,543,548 | — | 19,543,548 |
China | 8,867,899 | 8,984,663 | — | 17,852,562 |
India | 13,056,191 | — | — | 13,056,191 |
Italy | — | 12,711,443 | — | 12,711,443 |
Switzerland | — | 11,591,446 | — | 11,591,446 |
Singapore | — | 9,814,643 | — | 9,814,643 |
Netherlands | 8,972,560 | — | — | 8,972,560 |
Canada | 6,566,046 | — | — | 6,566,046 |
Denmark | 4,124,051 | — | — | 4,124,051 |
Thailand | — | 4,045,968 | — | 4,045,968 |
Exchange-Traded Funds | 6,891,037 | — | — | 6,891,037 |
Short-Term Investment Funds | 12,420,493 | — | — | 12,420,493 |
Total | $456,281,072 | $237,000,162 | $— | $693,281,234 |
Shares | Market Value | |||
Common Stocks — 98.1% | ||||
Information Technology — 41.2% | ||||
117,328 | Apple, Inc. | $ 16,601,912 | ||
17,415 | Applied Materials, Inc. | 2,241,833 | ||
21,665 | Fidelity National Information Services, Inc. | 2,636,197 | ||
13,479 | Global Payments, Inc. | 2,124,021 | ||
46,498 | Lumentum Holdings, Inc.* | 3,884,443 | ||
36,053 | Microsoft Corp. | 10,164,062 | ||
15,680 | NVIDIA Corp. | 3,248,269 | ||
15,374 | PayPal Holdings, Inc.* | 4,000,469 | ||
24,842 | QUALCOMM, Inc. | 3,204,121 | ||
17,004 | salesforce.com, Inc.* | 4,611,825 | ||
7,598 | ServiceNow, Inc.* | 4,728,007 | ||
6,204 | Twilio, Inc. - Class A* | 1,979,386 | ||
22,166 | Visa, Inc. - Class A | 4,937,477 | ||
12,616 | Workday, Inc. - Class A* | 3,152,612 | ||
28,873 | Zendesk, Inc.* | 3,360,528 | ||
70,875,162 | ||||
Health Care — 14.9% | ||||
20,636 | Ascendis Pharma A/S (Denmark) ADR* | 3,289,172 | ||
6,204 | Biogen, Inc.* | 1,755,670 | ||
3,908 | Bio-Rad Laboratories, Inc. - Class A* | 2,915,173 | ||
47,096 | Boston Scientific Corp.* | 2,043,495 | ||
3,316 | DexCom, Inc.* | 1,813,388 | ||
9,300 | Humana, Inc. | 3,619,095 | ||
13,203 | ICON PLC (Ireland)* | 3,459,450 | ||
38,855 | Pacira BioSciences, Inc.* | 2,175,880 | ||
5,036 | Thermo Fisher Scientific, Inc. | 2,877,218 | ||
24,922 | Turning Point Therapeutics, Inc.* | 1,655,568 | ||
25,604,109 | ||||
Communication Services — 13.2% | ||||
4,407 | Alphabet, Inc. - Class A* | 11,782,203 | ||
24,632 | Facebook, Inc. - Class A* | 8,359,854 | ||
27,262 | Live Nation Entertainment, Inc.* | 2,484,386 | ||
22,626,443 | ||||
Consumer Discretionary — 11.3% | ||||
3,631 | Amazon.com, Inc.* | 11,927,980 | ||
58,894 | MGM Resorts International | 2,541,276 | ||
57,451 | National Vision Holdings, Inc.* | 3,261,493 | ||
47,175 | Tapestry, Inc. | 1,746,419 | ||
19,477,168 | ||||
Industrials — 8.3% | ||||
22,592 | Advanced Drainage Systems, Inc. | 2,443,777 | ||
21,361 | AMETEK, Inc. | 2,648,978 | ||
31,801 | ITT, Inc. | 2,729,798 | ||
4,653 | TransDigm Group, Inc.* | 2,906,124 | ||
17,838 | Union Pacific Corp. | 3,496,426 | ||
14,225,103 |
Shares | Market Value | |||
Financials — 4.8% | ||||
18,473 | Arthur J Gallagher & Co. | $ 2,746,011 | ||
27,521 | Morgan Stanley | 2,678,069 | ||
57,072 | Synchrony Financial | 2,789,679 | ||
8,213,759 | ||||
Consumer Staples — 1.9% | ||||
7,179 | Costco Wholesale Corp. | 3,225,884 | ||
Real Estate — 1.5% | ||||
58,048 | Spirit Realty Capital, Inc. REIT | 2,672,530 | ||
Energy — 1.0% | ||||
46,588 | Devon Energy Corp. | 1,654,340 | ||
Total Common Stocks | $168,574,498 | |||
Short-Term Investment Fund — 3.6% | ||||
6,271,041 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 6,271,040 | ||
Total Investment Securities—101.7% (Cost $98,315,050) | $174,845,538 | |||
Liabilities in Excess of Other Assets — (1.7%) | (2,928,253) | |||
Net Assets — 100.0% | $171,917,285 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $168,574,498 | $— | $— | $168,574,498 |
Short-Term Investment Fund | 6,271,040 | — | — | 6,271,040 |
Total | $174,845,538 | $— | $— | $174,845,538 |
Shares | Market Value | |||
Common Stocks — 99.4% | ||||
Information Technology — 34.7% | ||||
220,419 | Cognizant Technology Solutions Corp. - Class A | $ 16,357,294 | ||
78,264 | FleetCor Technologies, Inc.* | 20,448,035 | ||
146,015 | Fortinet, Inc.* | 42,642,221 | ||
169,176 | Global Payments, Inc. | 26,658,754 | ||
45,266 | HubSpot, Inc.* | 30,603,890 | ||
736,831 | Juniper Networks, Inc. | 20,277,589 | ||
247,314 | Lightspeed Commerce, Inc. (Canada)* | 23,848,489 | ||
183,967 | Microchip Technology, Inc. | 28,237,095 | ||
105,573 | Nice Ltd. (Israel) ADR* | 29,986,955 | ||
694,043 | Nutanix, Inc. - Class A* | 26,165,421 | ||
324,448 | ON Semiconductor Corp.* | 14,849,985 | ||
82,252 | Palo Alto Networks, Inc.* | 39,398,708 | ||
70,538 | RingCentral, Inc. - Class A* | 15,342,015 | ||
170,722 | Splunk, Inc.* | 24,705,181 | ||
43,198 | Teledyne Technologies, Inc.* | 18,556,997 | ||
172,289 | Teradyne, Inc. | 18,808,790 | ||
74,390 | Twilio, Inc. - Class A* | 23,734,129 | ||
285,297 | Western Digital Corp.* | 16,102,163 | ||
175,680 | Xilinx, Inc. | 26,525,923 | ||
318,243 | Zendesk, Inc.* | 37,040,303 | ||
500,289,937 | ||||
Health Care — 19.0% | ||||
198,315 | Ascendis Pharma A/S (Denmark) ADR* | 31,609,428 | ||
436,783 | Avantor, Inc.* | 17,864,425 | ||
265,982 | BioMarin Pharmaceutical, Inc.* | 20,557,749 | ||
47,991 | Cooper Cos., Inc. (The) | 19,835,160 | ||
37,387 | DexCom, Inc.* | 20,445,455 | ||
154,849 | ICON PLC (Ireland)* | 40,573,535 | ||
29,873 | IDEXX Laboratories, Inc.* | 18,578,019 | ||
87,633 | Insulet Corp.* | 24,907,927 | ||
437,033 | Oak Street Health, Inc.* | 18,587,013 | ||
139,058 | Quest Diagnostics, Inc. | 20,206,518 | ||
240,949 | Rocket Pharmaceuticals, Inc.* | 7,201,965 | ||
192,931 | Seagen, Inc.* | 32,759,684 | ||
273,126,878 | ||||
Industrials — 14.8% | ||||
172,926 | AMETEK, Inc. | 21,444,553 | ||
430,995 | AZEK Co., Inc. (The)* | 15,744,247 | ||
212,394 | Copart, Inc. * | 29,463,296 | ||
96,192 | IDEX Corp. | 19,906,934 | ||
99,232 | Rockwell Automation, Inc. | 29,178,177 | ||
121,358 | Trane Technologies PLC | 20,952,459 | ||
46,924 | TransDigm Group, Inc.* | 29,307,323 | ||
237,170 | TransUnion | 26,636,563 | ||
163,537 | Waste Connections, Inc. | 20,594,214 | ||
213,227,766 | ||||
Consumer Discretionary — 12.6% | ||||
20,472 | Chipotle Mexican Grill, Inc.* | 37,208,270 | ||
108,197 | Expedia Group, Inc.* | 17,733,488 | ||
235,854 | Ross Stores, Inc. | 25,672,708 | ||
718,817 | Tapestry, Inc. | 26,610,605 | ||
77,039 | Ulta Beauty, Inc.* | 27,804,916 | ||
67,974 | Vail Resorts, Inc. | 22,706,715 | ||
131,940 | Williams-Sonoma, Inc. | 23,396,920 | ||
181,133,622 |
Shares | Market Value | |||
Financials — 8.1% | ||||
234,957 | Arthur J Gallagher & Co. | $ 34,926,358 | ||
190,862 | LPL Financial Holdings, Inc. | 29,919,527 | ||
45,257 | MSCI, Inc. | 27,531,644 | ||
498,056 | Synchrony Financial | 24,344,977 | ||
116,722,506 | ||||
Communication Services — 5.3% | ||||
337,587 | Live Nation Entertainment, Inc.* | 30,764,303 | ||
84,983 | Roku, Inc.* | 26,629,423 | ||
120,622 | Take-Two Interactive Software, Inc.* | 18,584,232 | ||
75,977,958 | ||||
Energy — 1.8% | ||||
745,623 | Devon Energy Corp. | 26,477,073 | ||
Real Estate — 1.8% | ||||
79,632 | Essex Property Trust, Inc. REIT | 25,461,536 | ||
Materials — 1.3% | ||||
128,074 | Celanese Corp. | 19,293,067 | ||
Total Common Stocks | $1,431,710,343 | |||
Short-Term Investment Fund — 0.7% | ||||
10,226,649 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 10,226,649 | ||
Total Investment Securities—100.1% (Cost $994,528,246) | $1,441,936,992 | |||
Liabilities in Excess of Other Assets — (0.1%) | (2,003,096) | |||
Net Assets — 100.0% | $1,439,933,896 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $1,431,710,343 | $— | $— | $1,431,710,343 |
Short-Term Investment Fund | 10,226,649 | — | — | 10,226,649 |
Total | $1,441,936,992 | $— | $— | $1,441,936,992 |
Shares | Market Value | |||
Common Stocks — 97.8% | ||||
India — 25.8% | ||||
Consumer Discretionary — 5.7% | ||||
3,305,098 | Jubilant Foodworks Ltd. | $ 179,469,215 | ||
3,886,343 | Titan Co. Ltd. | 112,793,332 | ||
Consumer Staples — 2.6% | ||||
2,483,395 | Britannia Industries Ltd. | 131,865,484 | ||
Financials — 11.4% | ||||
2,348,926 | Bajaj Finance Ltd. | 241,700,744 | ||
12,264,383 | Bandhan Bank Ltd., 144a | 46,442,520 | ||
7,363,128 | HDFC Bank Ltd. | 157,410,853 | ||
14,992,768 | ICICI Prudential Life Insurance Co. Ltd., 144a | 135,355,747 | ||
Health Care — 4.6% | ||||
3,855,771 | Apollo Hospitals Enterprise Ltd. | 232,044,517 | ||
Materials — 1.5% | ||||
1,797,779 | Asian Paints Ltd. | 78,366,773 | ||
Total India | 1,315,449,185 | |||
China — 24.0% | ||||
Communication Services — 6.1% | ||||
1,097,277 | Kanzhun Ltd. ADR*† | 39,490,999 | ||
4,102,900 | Tencent Holdings Ltd. | 244,938,035 | ||
3,790,386 | Tencent Music Entertainment Group ADR* | 27,480,299 | ||
Consumer Discretionary — 9.8% | ||||
1,228,510 | Alibaba Group Holding Ltd. ADR* | 181,880,905 | ||
9,480,500 | ANTA Sports Products Ltd. | 179,024,844 | ||
18,649,000 | Haidilao International Holding Ltd., 144a† | 71,440,735 | ||
2,409,119 | JD Health International, Inc., 144a*† | 23,216,842 | ||
1,144,203 | NIO, Inc. ADR* | 40,767,953 | ||
Consumer Staples — 1.3% | ||||
3,782,353 | Foshan Haitian Flavouring & Food Co. Ltd. - Class A | 64,135,789 | ||
Health Care — 5.2% | ||||
3,904,150 | Hangzhou Tigermed Consulting Co. Ltd. Class H, 144a | 82,556,986 | ||
11,379,500 | Wuxi Biologics Cayman, Inc., 144a* | 184,578,858 | ||
Real Estate — 1.6% | ||||
10,194,000 | Country Garden Services Holdings Co., Ltd. | 80,552,401 | ||
Total China | 1,220,064,646 | |||
Taiwan — 15.1% | ||||
Communication Services — 9.0% | ||||
1,446,638 | Sea Ltd. ADR* | 461,086,930 | ||
Information Technology — 6.1% | ||||
2,765,926 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 308,815,638 | ||
Total Taiwan | 769,902,568 | |||
Argentina — 9.7% | ||||
Consumer Discretionary — 7.4% | ||||
224,763 | MercadoLibre, Inc.* | 377,466,982 | ||
Information Technology — 2.3% | ||||
��� 416,353 | Globant SA* | 116,999,357 | ||
Total Argentina | 494,466,339 | |||
Russia — 6.9% | ||||
Communication Services — 4.8% | ||||
3,066,258 | Yandex NV - Class A* | 244,350,100 | ||
Financials — 2.1% | ||||
1,201,001 | TCS Group Holding PLC GDR | 109,208,887 | ||
Total Russia | 353,558,987 |
Shares | Market Value | |||
Brazil — 6.4% | ||||
Consumer Staples — 0.8% | ||||
9,696,800 | Raia Drogasil SA | $ 41,399,367 | ||
Financials — 2.3% | ||||
2,953,633 | XP, Inc. - Class A* | 118,647,438 | ||
Industrials — 1.1% | ||||
5,305,515 | Localiza Rent a Car SA | 53,369,345 | ||
Information Technology — 2.2% | ||||
2,137,917 | Pagseguro Digital Ltd. - Class A* | 110,573,067 | ||
Total Brazil | 323,989,217 | |||
Hong Kong — 3.5% | ||||
Financials — 2.5% | ||||
10,857,800 | AIA Group Ltd. | 124,912,550 | ||
Health Care — 1.0% | ||||
1,421,880 | Hutchison China Ltd. ADR* | 52,055,027 | ||
Total Hong Kong | 176,967,577 | |||
Kazakhstan — 2.1% | ||||
Financials — 2.1% | ||||
1,025,916 | Kaspi.KZ JSC GDR | 108,952,279 | ||
Indonesia — 1.7% | ||||
Financials — 1.7% | ||||
35,392,100 | Bank Central Asia Tbk PT | 86,548,367 | ||
South Korea — 1.3% | ||||
Communication Services — 1.3% | ||||
203,241 | NAVER Corp. | 65,944,991 | ||
Thailand — 1.1% | ||||
Consumer Staples — 1.1% | ||||
29,094,600 | CP ALL PCL | 54,385,798 | ||
Vietnam — 0.2% | ||||
Real Estate — 0.2% | ||||
7,899,144 | Vincom Retail JSC* | 10,079,683 | ||
Total Common Stocks | $4,980,309,637 | |||
Short-Term Investment Funds — 4.0% | ||||
168,607,683 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 168,607,683 | ||
32,858,443 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%∞Ω** | 32,858,443 | ||
Total Short-Term Investment Funds | $201,466,126 | |||
Total Investment Securities — 101.8% (Cost $3,643,516,223) | $5,181,775,763 | |||
Liabilities in Excess of Other Assets — (1.8)% | (89,617,361) | |||
Net Assets — 100.0% | $5,092,158,402 |
* | 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 September 30, 2021 was $31,334,938. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
GDR – Global Depositary Receipt |
JSC – Joint Stock Company |
PCL – Public Company Limited |
PLC – Public Limited Company |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2021, these securities were valued at $543,591,688 or 10.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Valuation inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | ||||
India | $— | $1,315,449,185 | $— | $1,315,449,185 |
China | 289,620,156 | 930,444,490 | — | 1,220,064,646 |
Taiwan | 769,902,568 | — | — | 769,902,568 |
Argentina | 494,466,339 | — | — | 494,466,339 |
Russia | 244,350,100 | 109,208,887 | — | 353,558,987 |
Brazil | 323,989,217 | — | — | 323,989,217 |
Hong Kong | 52,055,027 | 124,912,550 | — | 176,967,577 |
Kazakhstan | 108,952,279 | — | — | 108,952,279 |
Indonesia | 86,548,367 | — | — | 86,548,367 |
South Korea | — | 65,944,991 | — | 65,944,991 |
Thailand | — | 54,385,798 | — | 54,385,798 |
Vietnam | — | 10,079,683 | — | 10,079,683 |
Short-Term Investment Funds | 201,466,126 | — | — | 201,466,126 |
Total | $2,571,350,179 | $2,610,425,584 | $— | $5,181,775,763 |
Principal Amount | Market Value | |||
Corporate Bonds — 46.7% | ||||
Financials — 8.3% | ||||
$ 2,232,000 | Ares Capital Corp., 4.250%, 3/1/25 | $ 2,394,909 | ||
2,605,000 | Bank of Nova Scotia (The) (Canada), Ser 2, 3.625%, 10/27/81 | 2,592,105 | ||
2,815,000 | BNP Paribas SA (France), 144a, 4.625%, 3/13/27 | 3,162,685 | ||
465,000 | Capital Farm Credit ACA, Ser 1, 144a, 5.000%(A) | 479,448 | ||
3,300,000 | Citigroup, Inc., Ser W, 4.000%(A) | 3,419,460 | ||
2,000,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.695%, 2/15/27(B) | 1,950,241 | ||
757,000 | Credit Acceptance Corp., 6.625%, 3/15/26 | 791,065 | ||
1,026,000 | First Maryland Capital II, (3M LIBOR +0.850%), 0.976%, 2/1/27(B) | 1,003,506 | ||
627,000 | FirstCash, Inc., 144a, 4.625%, 9/1/28 | 650,512 | ||
2,165,000 | Golub Capital BDC, Inc., 2.050%, 2/15/27 | 2,129,279 | ||
1,650,000 | Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.250%, 5/15/27 | 1,715,307 | ||
1,818,000 | Navient Corp., 6.750%, 6/15/26 | 2,013,435 | ||
3,248,000 | PNC Capital Trust, (3M LIBOR +0.570%), 0.690%, 6/1/28(B) | 3,149,306 | ||
1,650,000 | Sabra Health Care LP REIT, 3.900%, 10/15/29 | 1,736,504 | ||
2,145,000 | Sixth Street Specialty Lending, Inc., 2.500%, 8/1/26 | 2,166,647 | ||
2,000,000 | STORE Capital Corp. REIT, 2.750%, 11/18/30 | 2,007,089 | ||
3,459,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 0.790%, 5/15/27(B) | 3,386,680 | ||
34,748,178 | ||||
Energy — 7.4% | ||||
1,980,000 | Aker BP ASA (Norway), 144a, 3.000%, 1/15/25 | 2,083,704 | ||
500,000 | Blue Racer Midstream LLC / Blue Racer Finance Corp., 144a, 6.625%, 7/15/26 | 522,500 | ||
2,401,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | 2,856,785 | ||
1,595,000 | Cheniere Energy, Inc., 4.625%, 10/15/28 | 1,679,694 | ||
2,350,000 | Energy Transfer LP, 5.250%, 4/15/29 | 2,752,245 | ||
848,000 | Genesis Energy LP / Genesis Energy Finance Corp., 5.625%, 6/15/24 | 845,880 | ||
250,000 | Genesis Energy LP / Genesis Energy Finance Corp., 6.500%, 10/1/25 | 249,375 | ||
395,000 | Genesis Energy LP / Genesis Energy Finance Corp., 8.000%, 1/15/27 | 401,004 | ||
273,433 | Hi-Crush, Inc., (10.000% PIK), 8.000%, 4/9/26(C)(D) | 273,433 | ||
293,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 2/1/29 | 301,058 | ||
1,380,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.000%, 2/1/31 | 1,417,950 | ||
405,000 | Mesquite Energy, Inc., 7.250%, 2/15/23 | 12,150 | ||
2,041,000 | Murphy Oil Corp., 6.375%, 7/15/28 | 2,158,357 | ||
2,259,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | 3,232,434 | ||
2,250,000 | Ovintiv Exploration, Inc., 5.375%, 1/1/26 | 2,543,079 | ||
1,269,000 | Parkland Corp. (Canada), 144a, 4.500%, 10/1/29 | 1,286,258 | ||
350,000 | Petroleos Mexicanos (Mexico), 6.375%, 1/23/45 | 297,539 | ||
750,000 | Petroleos Mexicanos (Mexico), 6.625%, 6/15/35 | 710,198 | ||
1,810,000 | Petroleos Mexicanos (Mexico), 6.750%, 9/21/47 | 1,578,619 | ||
1,479,000 | Precision Drilling Corp. (Canada), 144a, 6.875%, 1/15/29 | 1,544,734 | ||
1,749,000 | Southwestern Energy Co., 144a, 5.375%, 2/1/29 | 1,871,098 | ||
1,050,000 | Southwestern Energy Co., 8.375%, 9/15/28 | 1,189,366 | ||
1,200,000 | YPF SA (Argentina), 144a, 8.500%, 7/28/25 | 996,012 | ||
30,803,472 | ||||
Communication Services — 6.4% | ||||
1,534,000 | Arches Buyer, Inc., 144a, 4.250%, 6/1/28 | 1,555,093 | ||
2,995,000 | British Telecommunications PLC (United Kingdom), 5.125%, 12/4/28 | 3,500,186 | ||
1,641,000 | C&W Senior Financing DAC (Ireland), 144a, 6.875%, 9/15/27 | 1,725,101 |
Principal Amount | Market Value | |||
Communication Services — (Continued) | ||||
$ 1,310,000 | Cars.com, Inc., 144a, 6.375%, 11/1/28 | $ 1,382,050 | ||
2,269,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | 3,079,136 | ||
1,539,000 | Connect Finco SARL / Connect US Finco LLC (United Kingdom), 144a, 6.750%, 10/1/26 | 1,610,179 | ||
1,485,000 | CSC Holdings LLC, 144a, 4.625%, 12/1/30 | 1,407,038 | ||
1,621,000 | DIRECTV Holdings LLC / DIRECTV Financing Co., Inc., 144a, 5.875%, 8/15/27 | 1,691,919 | ||
1,630,000 | Midas OpCo Holdings LLC, 144a, 5.625%, 8/15/29 | 1,686,643 | ||
1,804,000 | Nexstar Broadcasting, Inc., 144a, 4.750%, 11/1/28 | 1,871,397 | ||
2,328,000 | Photo Holdings Merger Sub, Inc., 144a, 8.500%, 10/1/26 | 2,517,150 | ||
2,228,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | 2,463,967 | ||
2,145,000 | ViacomCBS, Inc., 4.200%, 5/19/32 | 2,450,702 | ||
26,940,561 | ||||
Consumer Staples — 4.5% | ||||
2,681,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | 3,326,537 | ||
1,761,000 | Chobani LLC / Chobani Finance Corp., Inc., 144a, 4.625%, 11/15/28 | 1,818,233 | ||
2,475,000 | Kroger Co. (The), 5.150%, 8/1/43 | 3,223,212 | ||
1,263,000 | Pilgrim's Pride Corp., 144a, 3.500%, 3/1/32 | 1,284,313 | ||
1,629,000 | QVC, Inc., 4.375%, 9/1/28 | 1,683,979 | ||
1,692,000 | SEG Holding LLC / SEG Finance Corp., 144a, 5.625%, 10/15/28 | 1,763,910 | ||
1,820,000 | Turning Point Brands, Inc., 144a, 5.625%, 2/15/26 | 1,897,350 | ||
1,500,000 | Ulker Biskuvi Sanayi AS (Turkey), 144a, 6.950%, 10/30/25 | 1,589,805 | ||
2,357,000 | United Rentals North America, Inc., 3.750%, 1/15/32 | 2,383,516 | ||
18,970,855 | ||||
Consumer Discretionary — 4.0% | ||||
2,062,000 | Ashtead Capital, Inc. (United Kingdom), 144a, 4.250%, 11/1/29 | 2,263,745 | ||
1,643,000 | Carnival Corp., 144a, 9.875%, 8/1/27 | 1,896,205 | ||
1,520,000 | Carriage Services, Inc., 144a, 4.250%, 5/15/29 | 1,532,996 | ||
1,621,000 | Churchill Downs, Inc., 144a, 4.750%, 1/15/28 | 1,695,971 | ||
673,000 | Ford Motor Co., 4.750%, 1/15/43 | 705,392 | ||
865,000 | Ford Motor Co., 6.625%, 10/1/28 | 1,039,094 | ||
331,000 | Ford Motor Co., 9.625%, 4/22/30 | 469,296 | ||
200,000 | Ford Motor Credit Co. LLC, 4.000%, 11/13/30 | 208,000 | ||
860,000 | Ford Motor Credit Co. LLC, 4.125%, 8/17/27 | 912,460 | ||
1,551,000 | Goodyear Tire & Rubber Co. (The), 5.250%, 4/30/31 | 1,666,782 | ||
3,960,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 3.500%, 7/26/26 | 4,236,155 | ||
16,626,096 | ||||
Industrials — 3.9% | ||||
1,297,000 | ADT Security Corp. (The), 144a, 4.875%, 7/15/32 | 1,308,349 | ||
763,000 | Amsted Industries, Inc., 144a, 4.625%, 5/15/30 | 783,982 | ||
1,287,000 | Boeing Co. (The), 5.805%, 5/1/50 | 1,709,433 | ||
1,600,000 | Cimpress PLC (Ireland), 144a, 7.000%, 6/15/26 | 1,668,672 | ||
1,935,000 | Fortress Transportation & Infrastructure Investors LLC, 144a, 6.500%, 10/1/25 | 1,995,682 | ||
1,467,000 | Meritor, Inc., 144a, 4.500%, 12/15/28 | 1,470,667 | ||
1,405,000 | Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 144a, 4.000%, 10/15/27 | 1,390,950 | ||
1,654,000 | Seaspan Corp. (Hong Kong), 144a, 5.500%, 8/1/29 | 1,687,444 |
Principal Amount | Market Value | |||
Corporate Bonds — 46.7% (Continued) | ||||
Industrials — (Continued) | ||||
$ 989,000 | TransDigm, Inc., 144a, 6.250%, 3/15/26 | $ 1,034,860 | ||
3,429,000 | Weir Group PLC (The) (United Kingdom), 144a, 2.200%, 5/13/26 | 3,461,590 | ||
16,511,629 | ||||
Utilities — 3.8% | ||||
1,880,000 | Cleveland Electric Illuminating Co. (The), 144a, 4.550%, 11/15/30 | 2,189,796 | ||
2,145,000 | Edison International, 4.125%, 3/15/28 | 2,285,156 | ||
812,000 | Genneia SA (Argentina), 144a, 8.750%, 9/2/27 | 777,084 | ||
2,145,000 | Pacific Gas & Electric Co., 2.500%, 2/1/31 | 2,038,131 | ||
1,200,000 | PPL Capital Funding, Inc., Ser A, (3M LIBOR +2.665%), 2.796%, 3/30/67(B) | 1,157,844 | ||
1,873,000 | Rockpoint Gas Storage Canada Ltd. (Canada), 144a, 7.000%, 3/31/23 | 1,901,095 | ||
1,929,000 | Talen Energy Supply LLC, 144a, 6.625%, 1/15/28 | 1,789,147 | ||
4,000,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 2.237%, 5/15/67(B) | 3,766,200 | ||
15,904,453 | ||||
Materials — 3.4% | ||||
208,000 | AngloGold Ashanti Holdings PLC (Tanzania), 3.750%, 10/1/30 | 213,404 | ||
2,602,000 | Braskem Netherlands Finance BV (Brazil), 144a, 5.875%, 1/31/50 | 2,959,775 | ||
3,000,000 | Cemex SAB de CV (Mexico), 144a, 3.875%, 7/11/31 | 3,001,800 | ||
376,000 | Hudbay Minerals, Inc. (Peru), 144a, 4.500%, 4/1/26 | 372,240 | ||
1,135,000 | Hudbay Minerals, Inc. (Peru), 144a, 6.125%, 4/1/29 | 1,188,736 | ||
400,000 | Indonesia Asahan Aluminium Persero PT (Indonesia), 6.530%, 11/15/28 | 489,500 | ||
1,700,000 | Indonesia Asahan Aluminium Persero PT (Indonesia), 144a, 5.450%, 5/15/30 | 1,955,000 | ||
2,200,000 | Metinvest BV (Ukraine), 144a, 7.750%, 10/17/29 | 2,381,500 | ||
1,650,000 | OCP SA (Morocco), 144a, 5.125%, 6/23/51 | 1,633,500 | ||
14,195,455 | ||||
Health Care — 2.6% | ||||
2,475,000 | CVS Health Corp., 5.050%, 3/25/48 | 3,188,455 | ||
1,910,000 | MEDNAX, Inc., 144a, 6.250%, 1/15/27 | 2,007,887 | ||
2,102,000 | Mylan, Inc., 4.550%, 4/15/28 | 2,397,353 | ||
1,400,000 | Rede D'or Finance Sarl (Brazil), 144a, 4.500%, 1/22/30 | 1,394,330 | ||
2,060,000 | Teva Pharmaceutical Finance Netherlands III BV (Israel), 3.150%, 10/1/26 | 1,975,025 | ||
10,963,050 | ||||
Real Estate — 1.7% | ||||
2,000,000 | American Homes 4 Rent LP REIT, 4.250%, 2/15/28 | 2,262,368 | ||
1,454,000 | Diversified Healthcare Trust REIT, 9.750%, 6/15/25 | 1,584,860 | ||
823,000 | Howard Hughes Corp. (The), 144a, 4.375%, 2/1/31 | 827,864 | ||
1,600,000 | RHP Hotel Properties LP / RHP Finance Corp. REIT, 144a, 4.500%, 2/15/29 | 1,603,232 | ||
825,000 | Sabra Health Care LP REIT, 5.125%, 8/15/26 | 923,644 | ||
7,201,968 | ||||
Information Technology — 0.7% | ||||
1,461,000 | Clarivate Science Holdings Corp., 144a, 4.875%, 7/1/29 | 1,465,018 | ||
1,400,000 | Xerox Holdings Corp., 144a, 5.500%, 8/15/28 | 1,449,378 | ||
2,914,396 | ||||
Total Corporate Bonds | $195,780,113 | |||
U.S. Treasury Obligations — 20.2% | ||||
25,000,000 | U.S. Treasury Note, 0.125%, 5/31/23 | 24,958,984 | ||
20,000,000 | U.S. Treasury Note, 0.125%, 6/30/23 | 19,964,062 |
Principal Amount | Market Value | |||
U.S. Treasury Obligations — 20.2% (Continued) | ||||
$20,000,000 | U.S. Treasury Note, 0.750%, 5/31/26 | $ 19,824,219 | ||
20,000,000 | U.S. Treasury Note, 0.875%, 6/30/26 | 19,921,094 | ||
Total U.S. Treasury Obligations | $84,668,359 | |||
Asset-Backed Securities — 18.2% | ||||
2,000,000 | AB BSL CLO 3, Ltd. (Cayman Islands), Ser 2021-3A, Class D, 144a, (3M LIBOR +3.200%), 3.338%, 10/20/34(B) | 1,995,170 | ||
6,000,000 | AB Issuer LLC, Ser 2021-1, Class A2, 144a, 3.734%, 7/30/51 | 6,093,666 | ||
5,000,000 | Birch Grove CLO 2, Ltd. (Cayman Islands), Ser 2021-2A, Class C, 144a, (3M LIBOR +2.250%), 2.364%, 10/19/34(B) | 5,000,470 | ||
5,000,000 | BSPRT Issuer, Ltd. (Cayman Islands), Ser 2018-FL4, Class E, 144a, (1M LIBOR +3.050%), 3.134%, 9/15/35(B) | 4,988,605 | ||
4,974,026 | FOCUS Brands Funding LLC, Ser 2017-1A, Class A2IB, 144a, 3.857%, 4/30/47 | 5,104,266 | ||
4,987,500 | Hardee's Funding LLC, Ser 2021-1A, Class A2, 144a, 2.865%, 6/20/51 | 4,995,385 | ||
2,100,000 | Medalist Partners Corporate Finance CLO VI, Ltd. (Cayman Islands), Ser 2020-1A, Class B, 144a, (3M LIBOR +2.700%), 2.834%, 4/17/33(B) | 2,053,554 | ||
5,000,000 | Mill City Mortgage Loan Trust, Ser 2017-2, Class B2, 144a, 3.562%, 7/25/59(B)(E) | 5,241,589 | ||
4,987,500 | Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | 5,136,372 | ||
5,000,000 | New Mountain CLO 3, Ltd. (Cayman Islands), Ser CLO-3A, Class C, 144a, (3M LIBOR +2.100%), 2.231%, 10/20/34(B) | 5,000,090 | ||
2,250,000 | Palmer Square CLO, Ltd. (Cayman Islands), Ser 2021-4A, Class D, 144a, (3M LIBOR +2.950%), 3.086%, 10/15/34(B) | 2,249,890 | ||
6,242,000 | STWD, Ltd. (Cayman Islands), Ser 2021-FL2, Class D, 144a, (1M LIBOR +2.800%), 2.884%, 4/18/38(B) | 6,247,855 | ||
5,500,000 | Towd Point Mortgage Trust, Ser 2019-SJ3, Class M2, 144a, 3.500%, 11/25/59(B)(E) | 5,478,008 | ||
6,000,000 | TPG Real Estate Finance Issuer LTD (Cayman Islands), Ser 2018-FL2, Class C, 144a, (1M LIBOR +2.300%), 2.384%, 11/15/37(B) | 5,996,238 | ||
5,500,000 | TRTX Issuer, Ltd. (Cayman Islands), Ser 2019-FL3, Class C, 144a, (SOFR30A +2.214%), 2.264%, 10/15/34(B) | 5,486,258 | ||
5,000,000 | Whitebox CLO I, Ltd. (Cayman Islands), Ser 2019-1A, Class BR, 144a, (3M LIBOR +2.050%), 2.151%, 7/24/32(B) | 5,000,420 | ||
Total Asset-Backed Securities | $76,067,836 |
Shares | ||||
Common Stocks — 5.4% | ||||
Industrials — 1.1% | ||||
39,560 | Covia | 430,215 | ||
5,840 | Lockheed Martin Corp. | 2,015,384 | ||
23,666 | Raytheon Technologies Corp. | 2,034,329 | ||
4,479,928 | ||||
Information Technology — 1.0% | ||||
14,887 | International Business Machines Corp. | 2,068,251 | ||
10,391 | Texas Instruments, Inc. | 1,997,254 | ||
4,065,505 | ||||
Financials — 0.9% | ||||
47,280 | Bank of America Corp. | 2,007,036 | ||
5,176 | Goldman Sachs Group, Inc. (The) | 1,956,683 | ||
3,963,719 |
Shares | MarketValue | |||
Common Stocks — 5.4% (Continued) | ||||
Health Care — 0.5% | ||||
4,216 | Akorn | $ 46,726 | ||
12,693 | Johnson & Johnson | 2,049,920 | ||
2,096,646 | ||||
Communication Services — 0.5% | ||||
74,909 | AT&T, Inc. | 2,023,292 | ||
Energy — 0.5% | ||||
34,207 | Exxon Mobil Corp. | 2,012,056 | ||
14,240 | Hi-Crush, Inc.(C) | 2,421 | ||
2,014,477 | ||||
Materials — 0.5% | ||||
29,433 | DuPont de Nemours, Inc. | 2,001,150 | ||
Consumer Staples — 0.4% | ||||
20,646 | Philip Morris International, Inc. | 1,957,034 | ||
Total Common Stocks | $22,601,751 |
Principal Amount | ||||
Sovereign Government Obligations — 3.6% | ||||
$ 1,600,000 | Angolan Government International Bond, 144a, 8.000%, 11/26/29 | 1,636,992 | ||
800,000 | Banque Centrale de Tunisie International Bond, 8.250%, 9/19/27 | 727,808 | ||
1,295,000 | Colombia Government International Bond, 3.125%, 4/15/31 | 1,211,214 | ||
500,000 | Colombia Government International Bond, 4.500%, 3/15/29 | 524,895 | ||
230,000 | Colombia Government International Bond, 5.000%, 6/15/45 | 223,670 | ||
400,000 | Colombia Government International Bond, 7.375%, 9/18/37 | 489,756 | ||
320,000 | Colombia Government International Bond, 10.375%, 1/28/33 | 467,040 | ||
2,350,000 | Dominican Republic International Bond, 4.875%, 9/23/32 | 2,397,023 | ||
1,530,000 | Ecuador Government International Bond, 144a, 1.000%, 7/31/35 | 1,007,903 | ||
1,350,000 | Egypt Government International Bond, 8.500%, 1/31/47 | 1,302,750 | ||
500,000 | Egypt Government International Bond, 144a, 7.500%, 2/16/61 | 438,040 | ||
1,600,000 | Ghana Government International Bond, 144a, 8.627%, 6/16/49 | 1,432,000 | ||
655,000 | Pakistan Government International Bond, 6.875%, 12/5/27 | 658,327 | ||
1,500,000 | Pakistan Government International Bond, 144a, 6.000%, 4/8/26 | 1,490,625 | ||
200,000 | Ukraine Government International Bond, 144a, 7.253%, 3/15/33 | 202,549 | ||
1,020,000 | Ukraine Government International Bond, 7.253%, 3/15/33 | 1,032,999 | ||
Total Sovereign Government Obligations | $15,243,591 | |||
Commercial Mortgage-Backed Securities — 2.9% | ||||
5,000,000 | BX Commercial Mortgage Trust, Ser 2020-VIV2, Class C, 144a, 3.660%, 3/9/44(B)(E) | 5,261,392 | ||
5,000,000 | CGMS Commercial Mortgage Trust, Ser 2017-B1, Class D, 144a, 3.000%, 8/15/50 | 4,556,507 |
Principal Amount | MarketValue | |||
Commercial Mortgage-Backed Securities — 2.9% (Continued) | ||||
$ 2,202,000 | GS Mortgage Securities Corp. Trust, Ser 2017-SLP, Class E, 144a, 4.744%, 10/10/32(B)(E) | $ 2,196,716 | ||
27,530 | Shellpoint Co-Originator Trust, Ser 2017-2, Class A1, 144a, 3.500%, 10/25/47(B)(E) | 27,885 | ||
Total Commercial Mortgage-Backed Securities | $12,042,500 | |||
Agency Collateralized Mortgage Obligations — 0.7% | ||||
73,704 | FHLMC REMIC, Ser 4740, Class BA, 3.000%, 9/15/45 | 75,246 | ||
219,276 | FNMA REMIC, Ser 2018-27, Class EA, 3.000%, 5/25/48 | 229,875 | ||
197,221 | FNMA REMIC, Ser 2018-35, Class CD, 3.000%, 5/25/48 | 206,118 | ||
29,350,550 | FRESB Mortgage Trust, Ser 2020-SB78, Class X1, 1.287%, 6/25/40(B)(E) | 2,283,493 | ||
Total Agency Collateralized Mortgage Obligations | $2,794,732 | |||
Rights — 0.0% | ||||
27,942 | Vistra Energy Corp. Tax Return Rights0.000%, 12/6/26 | 37,023 |
Shares | ||||
Short-Term Investment Fund — 1.6% | ||||
6,876,916 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 6,876,916 | ||
Total Investment Securities—99.3% (Cost $418,137,140) | $416,112,821 | |||
Other Assets in Excess of Liabilities — 0.7% | 2,908,459 | |||
Net Assets — 100.0% | $419,021,280 |
(A) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
(B) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2021. |
(C) | Level 3- 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 Financial Statements. |
(D) | Represents a payment-in-kind (“PIK”) security, which may pay interest in additional principal amounts. |
(E) | 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. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2021. |
Portfolio Abbreviations: |
CLO – Collateralized Loan Obligation |
DAC – Designated Activity Company |
FHLMC – Federal Home Loan Mortgage Corporation |
FNMA – Federal National Mortgage Association |
FRESB – Freddie Mac Multifamily Securitization Small Balance Loan |
LIBOR – London Interbank Offered Rate |
LLC – Limited Liability Company |
LP – Limited Partnership |
PIK – Payment In Kind |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
REMIC – Real Estate Mortgage Investment Conduit |
SOFR30A – Secured Overnight Financing Rate 30 Day Average |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2021, these securities were valued at $192,941,910 or 46.0% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Corporate Bonds | $— | $195,506,680 | $273,433 | $195,780,113 |
U.S. Treasury Obligations | — | 84,668,359 | — | 84,668,359 |
Asset-Backed Securities | — | 76,067,836 | — | 76,067,836 |
Common Stocks | 22,122,389 | 476,941 | 2,421 | 22,601,751 |
Sovereign Government Obligations | — | 15,243,591 | — | 15,243,591 |
Commercial Mortgage-Backed Securities | — | 12,042,500 | — | 12,042,500 |
Agency Collateralized Mortgage Obligations | — | 2,794,732 | — | 2,794,732 |
Rights | — | 37,023 | — | 37,023 |
Short-Term Investment Fund | 6,876,916 | — | — | 6,876,916 |
Total | $28,999,305 | $386,837,662 | $275,854 | $416,112,821 |
Measurements Using Unobservable Inputs (Level 3) | |
Assets | Common Stocks and Corporate Bonds |
Beginning balance, March 31, 2021 | $509,081 |
Transfer into Level 3 | — |
Purchases and Sales | (233,227) |
Net realized gain (loss) | — |
Change in unrealized appreciation (depreciation) | — |
Ending balance, September 30, 2021 | $275,854 |
Net Change in Unrealized Appreciation/Depreciation for Investments in Securities still held at September 30, 2021 | $— |
Fair Value | Valuation Technique | Unobservable Input | |
Corporate Bond | |||
Hi-Crush, Inc. | $ 273,433 | Par | N/A |
Common Stocks | |||
Hi-Crush, Inc. | $ 2,421 | Market Value | N/A |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Global ESG Equity Fund | Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Assets | |||||||
Investments, at cost | $867,432,845 | $658,744,214 | $507,846,044 | $98,315,050 | $994,528,246 | $3,643,516,223 | $418,137,140 |
Investments, at market value * | $895,019,950 | $1,244,496,099 | $693,281,234 | $174,845,538 | $1,441,936,992 | $5,181,775,763 | $416,112,821 |
Cash | 4,635,161 | — | — | — | — | 3,955,772 | 4,628 |
Cash deposits held at prime broker (A) | 501,995 | — | — | — | — | — | — |
Foreign currency † | 3 | — | — | — | — | — | — |
Dividends and interest receivable | 6,389,193 | 604,293 | 769,478 | 57,215 | 167,010 | 1,246,047 | 3,491,532 |
Receivable for capital shares sold | 2,789,569 | 376,649 | 404,553 | 16,096 | 1,454,048 | 130,357,275 | 852,964 |
Receivable for investments sold | — | 1,861,906 | 3,331,734 | — | — | 5,211,700 | 2,643,825 |
Receivable for securities lending income | 32,683 | 132 | 169 | — | — | 13,418 | — |
Tax reclaim receivable | — | — | 531,609 | — | 3,914 | 20,629 | — |
Other assets | 36,762 | 35,895 | 31,214 | 24,936 | 39,883 | 213,077 | 28,075 |
Total Assets | 909,405,316 | 1,247,374,974 | 698,349,991 | 174,943,785 | 1,443,601,847 | 5,322,793,681 | 423,133,845 |
Liabilities | |||||||
Due to prime broker | 1,690,701 | — | — | — | — | 3,250,003 | — |
Payable for return of collateral for securities on loan | 2,499,820 | — | 10,281,723 | — | — | 32,858,443 | — |
Deferred foreign capital gains tax | — | — | — | — | — | 63,693,697 | — |
Payable for capital shares redeemed | 1,041,490 | 830,822 | 257,985 | 205,860 | 1,801,970 | 124,745,588 | 1,031,412 |
Payable for investments purchased | 1,389,256 | 2,943,211 | 1,699,906 | 2,582,928 | — | — | 2,633,104 |
Payable to Investment Advisor | 394,859 | 656,689 | 381,648 | 100,343 | 840,809 | 4,342,548 | 172,206 |
Payable to other affiliates | 149,248 | 169,151 | 191,481 | 30,352 | 242,261 | 562,313 | 118,017 |
Payable to Trustees | 10,368 | 10,368 | 10,368 | 10,368 | 10,368 | 10,368 | 4,590 |
Payable for professional services | 35,647 | 33,135 | 29,722 | 19,130 | 37,707 | 132,647 | 15,584 |
Payable for reports to shareholders | 19,642 | 12,406 | 11,331 | 7,375 | 65,928 | 9,323 | 4,389 |
Payable for transfer agent services | 340,884 | 465,647 | 258,522 | 62,547 | 652,665 | 1,021,292 | 132,938 |
Other accrued expenses and liabilities | 2,624 | 6,427 | 2,274 | 7,597 | 16,243 | 9,057 | 325 |
Total Liabilities | 7,574,539 | 5,127,856 | 13,124,960 | 3,026,500 | 3,667,951 | 230,635,279 | 4,112,565 |
Net Assets | $901,830,777 | $1,242,247,118 | $685,225,031 | $171,917,285 | $1,439,933,896 | $5,092,158,402 | $419,021,280 |
Net assets consist of: | |||||||
Paid-in capital | 876,769,021 | 580,027,167 | 432,465,929 | 69,913,566 | 744,500,506 | 3,753,738,996 | 436,177,243 |
Distributable earnings (deficit) | 25,061,756 | 662,219,951 | 252,759,102 | 102,003,719 | 695,433,390 | 1,338,419,406 | (17,155,963) |
Net Assets | $901,830,777 | $1,242,247,118 | $685,225,031 | $171,917,285 | $1,439,933,896 | $5,092,158,402 | $419,021,280 |
*Includes market value of securities on loan of: | $2,441,824 | $— | $7,747,931 | $— | $— | $31,334,938 | $— |
†Cost of foreign currency: | $3 | $— | $— | $— | $— | $— | $— |
(A) | (A) Represents segregated cash for swap agreements. |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Global ESG Equity Fund | Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Pricing of Class A Shares | |||||||
Net assets applicable to Class A shares | $121,572,155 | $52,889,080 | $494,086,516 | $63,945,699 | $325,034,334 | $30,926,291 | $212,501,151 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 10,795,291 | 838,006 | 18,469,917 | 1,417,100 | 7,719,205 | 1,400,189 | 60,968,536 |
Net asset value price per share* | $11.26 | $63.11 | $26.75 | $45.12 | $42.11 | $22.09 | $3.49 |
Maximum sales charge - Class A shares | 3.25% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 3.25% |
Maximum offering price per share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) - Class A shares | $11.64 | $66.43 | $28.16 | $47.49 | $44.33 | $23.25 | $3.61 |
Pricing of Class C Shares | |||||||
Net assets applicable to Class C shares | $41,307,227 | $24,260,081 | $6,515,178 | $1,808,119 | $18,567,416 | $12,702,929 | $61,105,622 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 3,727,103 | 417,724 | 296,267 | 55,355 | 803,291 | 586,651 | 17,468,859 |
Net asset value and offering price per share** | $11.08 | $58.08 | $21.99 | $32.66 | $23.11 | $21.65 | $3.50 |
Pricing of Class Y Shares | |||||||
Net assets applicable to Class Y shares | $669,210,193 | $1,133,344,860 | $171,806,389 | $31,336,822 | $690,938,923 | $1,770,998,656 | $145,196,281 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 59,232,608 | 17,728,100 | 6,177,131 | 661,259 | 15,576,641 | 79,638,161 | 41,758,471 |
Net asset value, offering price and redemption price per share | $11.30 | $63.93 | $27.81 | $47.39 | $44.36 | $22.24 | $3.48 |
Pricing of Institutional Class Shares | |||||||
Net assets applicable to Institutional Class shares | $69,741,202 | $31,753,097 | $12,816,948 | $74,826,645 | $372,602,611 | $2,453,041,989 | $218,226 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 6,177,984 | 494,257 | 460,118 | 1,548,852 | 8,294,821 | 109,701,122 | 62,831 |
Net asset value, offering price and redemption price per share | $11.29 | $64.24 | $27.86 | $48.31 | $44.92 | $22.36 | $3.47 |
Pricing of Class R6 Shares | |||||||
Net assets applicable to Class R6 shares | $— | $— | $— | $— | $32,790,612 | $824,488,537 | $— |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | — | — | — | — | 729,173 | 36,870,844 | — |
Net asset value, offering price and redemption price per share | $— | $— | $— | $— | $44.97 | $22.36 | $— |
* | There is no sales load on subscriptions of $1 million or more for all funds except for Flexible Income Fund and Strategic Income Opportunities Fund. There is no sales load on subscriptions of $500,000 or more for Flexible Income Fund and Strategic Income Opportunities Fund. Redemptions that were part of a $500,000 or $1 million or more subscription, as applicable, may be subject to a contingent deferred sales load if redeemed within a one-year period from the date of purchase. |
** | Redemption price per share varies by length of time shares are held due to the terms of the contingent deferred sales charge. |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Global ESG Equity Fund | Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Investment Income | |||||||
Dividends* | $5,059,657 | $6,066,923 | $6,609,204 | $849,830 | $3,630,773 | $13,691,339 | $157,004 |
Interest | 12,310,124 | — | — | — | — | 7,507 | 7,442,184 |
Income from securities loaned | 163,072 | 132 | 42,497 | 82 | 971 | 42,848 | — |
Total Investment Income | 17,532,853 | 6,067,055 | 6,651,701 | 849,912 | 3,631,744 | 13,741,694 | 7,599,188 |
Expenses | |||||||
Investment advisory fees | 2,368,181 | 3,884,283 | 2,339,234 | 647,497 | 5,049,109 | 24,240,432 | 1,183,211 |
Administration fees | 553,016 | 813,017 | 470,526 | 112,801 | 952,315 | 3,164,372 | 120,038 |
Compliance fees and expenses | 1,503 | 1,503 | 1,503 | 1,503 | 1,503 | 1,503 | 681 |
Custody fees | 24,288 | 8,959 | 27,451 | 4,602 | 12,328 | 488,294 | 43,870 |
Professional fees | 26,232 | 25,374 | 24,123 | 13,946 | 29,275 | 81,517 | 50,922 |
Transfer Agent fees, Class A(A) | 46,350 | 19,753 | 162,322 | 23,509 | 150,447 | 7,815 | 180,634 |
Transfer Agent fees, Class C | 14,521 | 8,610 | 3,186 | 863 | 9,209 | 4,115 | 44,499 |
Transfer Agent fees, Class Y | 231,705 | 368,496 | 59,628 | 15,428 | 351,211 | 654,178 | 136,142 |
Transfer Agent fees, Institutional Class | 7,926 | 3,208 | 2,120 | 13,158 | 76,511 | 313,423 | 250 |
Transfer Agent fees, Class R6 | — | — | — | — | 29 | 45 | — |
Registration Fees, Class A(A) | 8,281 | 7,187 | 11,460 | 6,829 | 9,077 | 10,396 | 18,925 |
Registration Fees, Class C | 6,817 | 5,708 | 4,962 | 4,875 | 6,432 | 6,695 | 13,131 |
Registration Fees, Class Y | 19,513 | 13,825 | 8,926 | 5,388 | 11,885 | 52,034 | 13,250 |
Registration Fees, Institutional Class | 4,330 | 4,433 | 3,909 | 8,650 | 11,564 | 27,321 | 257 |
Registration Fees, Class R6 | — | — | — | — | 2,342 | 1,742 | — |
Interest expense on securities sold short | 2,045 | — | — | — | — | — | — |
Reports to Shareholders, Class A(A) | 5,201 | 3,183 | 8,955 | 3,158 | 8,226 | 3,026 | 24,341 |
Reports to Shareholders, Class C | 3,895 | 2,751 | 2,499 | 2,154 | 3,098 | 2,925 | 5,925 |
Reports to Shareholders, Class Y | 18,146 | 17,361 | 8,636 | 2,627 | 42,783 | 30,728 | 16,618 |
Reports to Shareholders, Institutional Class | 2,844 | 2,235 | 2,154 | 2,430 | 20,554 | 16,048 | 1,365 |
Reports to Shareholders, Class R6 | — | — | — | — | 2,058 | 1,812 | — |
Shareholder servicing fees, Class Y | — | — | — | — | — | — | 58,213 |
Distribution and shareholder servicing expenses, Class A(A) | 155,610 | 67,492 | 646,121 | 77,121 | 413,056 | 34,150 | 333,239 |
Distribution and shareholder servicing expenses, Class C | 215,023 | 129,181 | 37,200 | 9,523 | 95,797 | 58,048 | 245,194 |
Trustee fees | 10,379 | 10,379 | 10,379 | 10,379 | 10,379 | 10,379 | 11,900 |
Other expenses | 56,999 | 196,082 | 98,450 | 28,312 | 261,207 | 179,258 | 43,033 |
Total Expenses | 3,782,805 | 5,593,020 | 3,933,744 | 994,753 | 7,530,395 | 29,390,256 | 2,545,638 |
Fees waived and/or reimbursed by the Advisor and/or Affiliates(B) | (90,667) | (4,287) | (18,044) | (89,768) | (82,346) | (2,636) | (384,163) |
Fees eligible for recoupment by the Advisor(B) | — | — | — | — | — | 4,433 | — |
Net Expenses | 3,692,138 | 5,588,733 | 3,915,700 | 904,985 | 7,448,049 | 29,392,053 | 2,161,475 |
Net Investment Income (Loss) | 13,840,715 | 478,322 | 2,736,001 | (55,073) | (3,816,305) | (15,650,359) | 5,437,713 |
Realized and Unrealized Gains (Losses) on Investments | |||||||
Net realized gains (losses) on investments(C) | 184,527 | 38,860,835 | 30,328,800 | 9,045,287 | 145,178,578 | (80,926,552) | 9,462,948 |
Net realized gains on written options | 1,130,604 | — | — | — | — | — | — |
Net realized gains on swap agreements | 1,714 | — | — | — | — | — | — |
Net realized gains on forward foreign currency contracts | — | — | — | — | — | — | 289,517 |
Net realized gains (losses) on foreign currency transactions | — | — | 33,114 | — | — | (239,677) | 48,877 |
Net change in unrealized appreciation (depreciation) on investments†(D) | 8,579,171 | 55,056,236 | (16,177,704) | 6,963,135 | 18,334,697 | 278,156,579 | (8,383,656) |
Net change in unrealized appreciation (depreciation) on forward foreign currency contracts | — | — | — | — | — | — | (564,784) |
Net change in unrealized appreciation (depreciation) on foreign currency transactions | — | — | 14,347 | — | — | (1,858) | 1,996 |
Net Realized and Unrealized Gains (Losses) on Investments | 9,896,016 | 93,917,071 | 14,198,557 | 16,008,422 | 163,513,275 | 196,988,492 | 854,898 |
Change in Net Assets Resulting from Operations | $23,736,731 | $94,395,393 | $16,934,558 | $15,953,349 | $159,696,970 | $181,338,133 | $6,292,611 |
*Net of foreign tax withholding of: | $19,067 | $— | $618,541 | $— | $11,338 | $2,270,352 | $13,710 |
†Includes increase in deferred foreign capital gains tax of: | $— | $— | $— | $— | $— | $(38,123,840) | $— |
(A) | Transfer Agent Fees, Registration Fees, Reports to Shareholders and Distribution and Shareholder Servicing Expenses for the Strategic Income Opportunities Fund include amounts for Class B shares of $10,630, $3,948, $1,619, and $39,904, respectively. Class B shares merged into Class A shares on July 16, 2021. |
(B) | See Note 4 in Notes to Financial Statements. |
(C) | For the six months ended September 30, 2021, the Focused Fund, the Growth Opportunities Fund and the Mid Cap Growth Fund had a redemption-in-kind of securities in the amount of $15,272,952, $725,380 and $82,349,366, respectively. Net realized gains (losses) on investments includes the realized gain on the transaction of $8,785,108, $394,854 and $33,070,438, respectively, which will not be recognized by the Fund for tax purposes. |
(D) | Change in unrealized appreciation (depreciation) does not include net appreciation of $3,945,895, for the Strategic Income Opportunities Fund in connection with the Fund's reorganization. See Note 9 in the Notes to Financial Statements. |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Global ESG Equity Fund | ||||
For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | |
From Operations | ||||||
Net investment income (loss) | $13,840,715 | $28,534,916 | $478,322 | $2,222,448 | $2,736,001 | $4,274,188 |
Net realized gains (losses) on investments, securities sold short, written options, swap agreements, forward foreign currency contracts and foreign currency transactions | 1,316,845 | (3,408,359) | 38,860,835 | 113,770,654 | 30,361,914 | 66,392,214 |
Net change in unrealized appreciation (depreciation) on investments, forward foreign currency contracts and foreign currency transactions | 8,579,171 | 76,082,971 | 55,056,236 | 380,150,794 | (16,163,357) | 198,003,928 |
Change in Net Assets from Operations | 23,736,731 | 101,209,528 | 94,395,393 | 496,143,896 | 16,934,558 | 268,670,330 |
Distributions to Shareholders: | ||||||
Distributed earnings, Class A | (1,915,402) | (5,278,794) | — | (2,153,855) | — | (1,587,449) |
Distributed earnings, Class B | — | — | — | — | — | — |
Distributed earnings, Class C | (506,540) | (1,865,099) | — | (1,430,957) | — | — |
Distributed earnings, Class Y | (10,476,381) | (26,122,141) | — | (53,264,171) | — | (940,684) |
Distributed earnings, Institutional Class | (937,021) | (1,479,966) | — | (817,067) | — | (65,145) |
Distributed earnings, Class R6 | — | — | — | — | — | — |
Total Distributions | (13,835,344) | (34,746,000) | — | (57,666,050) | — | (2,593,278) |
Change in Net Assets from Share Transactions(B) | 102,277,238 | 82,253,829 | 155,761 | (36,832,260) | (32,143,623) | (78,741,029) |
Total Increase (Decrease) in Net Assets | 112,178,625 | 148,717,357 | 94,551,154 | 401,645,586 | (15,209,065) | 187,336,023 |
Net Assets | ||||||
Beginning of period | 789,652,152 | 640,934,795 | 1,147,695,964 | 746,050,378 | 700,434,096 | 513,098,073 |
End of period | $901,830,777 | $789,652,152 | $1,242,247,118 | $1,147,695,964 | $685,225,031 | $700,434,096 |
(A) | See Note 9 in Notes to Financial Statements. |
(B) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity in pages 28-31. |
Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | ||||
For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021(A) (Unaudited) | For the Year Ended March 31, 2021 |
$(55,073) | $(557,556) | $(3,816,305) | $(7,641,364) | $(15,650,359) | $(22,877,687) | $5,437,713 | $9,833,238 |
9,045,287 | 33,445,786 | 145,178,578 | 272,551,221 | (81,166,229) | 34,300,447 | 9,801,342 | 9,010,153 |
6,963,135 | 49,085,637 | 18,334,697 | 354,354,600 | 278,154,721 | 1,243,531,916 | (8,946,444) | 21,780,178 |
15,953,349 | 81,973,867 | 159,696,970 | 619,264,457 | 181,338,133 | 1,254,954,676 | 6,292,611 | 40,623,569 |
— | (5,299,262) | — | (21,913,745) | — | — | (2,726,496) | (5,433,173) |
— | — | — | — | — | — | (92,092) | (385,245) |
— | (276,553) | — | (2,351,555) | — | — | (423,936) | (1,251,979) |
— | (2,983,605) | — | (39,864,933) | — | — | (2,304,768) | (4,228,308) |
— | (6,264,896) | — | (28,507,143) | — | — | (373) | — |
— | — | — | (111,845) | — | — | — | — |
— | (14,824,316) | — | (92,749,221) | — | — | (5,547,665) | (11,298,705) |
(4,968,938) | (69,060,834) | (88,418,305) | (195,258,516) | 552,968,392 | 1,791,364,885 | 51,167,749 | 41,008,916 |
10,984,411 | (1,911,283) | 71,278,665 | 331,256,720 | 734,306,525 | 3,046,319,561 | 51,912,695 | 70,333,780 |
160,932,874 | 162,844,157 | 1,368,655,231 | 1,037,398,511 | 4,357,851,877 | 1,311,532,316 | 367,108,585 | 296,774,805 |
$171,917,285 | $160,932,874 | $1,439,933,896 | $1,368,655,231 | $5,092,158,402 | $4,357,851,877 | $419,021,280 | $367,108,585 |
Touchstone Flexible Income Fund | Touchstone Focused Fund | |||||||
For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A | ||||||||
Proceeds from Shares issued | 955,994 | $10,807,452 | 2,840,796 | $31,345,303 | 120,585 | $7,558,406 | 251,563 | $12,943,588 |
Reinvestment of distributions | 139,448 | 1,573,220 | 403,612 | 4,461,293 | — | — | 35,107 | 1,821,706 |
Cost of Shares redeemed | (1,215,209) | (13,711,815) | (2,228,003) | (24,536,572) | (111,269) | (7,089,677) | (223,201) | (10,767,368) |
Change from Class A Share Transactions | (119,767) | (1,331,143) | 1,016,405 | 11,270,024 | 9,316 | 468,729 | 63,469 | 3,997,926 |
Class C | ||||||||
Proceeds from Shares issued | 298,863 | 3,326,394 | 735,883 | 7,973,288 | 7,598 | 440,977 | 11,317 | 524,313 |
Reinvestment of distributions | 40,620 | 451,135 | 146,221 | 1,591,133 | — | — | 28,001 | 1,345,159 |
Cost of Shares redeemed | (669,429) | (7,436,693) | (1,954,282) | (21,048,203) | (57,525) | (3,347,894) | (216,361) | (9,639,449) |
Change from Class C Share Transactions | (329,946) | (3,659,164) | (1,072,178) | (11,483,782) | (49,927) | (2,906,917) | (177,043) | (7,769,977) |
Class Y | ||||||||
Proceeds from Shares issued | 11,409,953 | 129,413,551 | 19,864,583 | 220,062,508 | 334,339 | 20,929,040 | 396,405 | 19,966,667 |
Reinvestment of distributions | 850,364 | 9,626,045 | 2,171,185 | 24,083,355 | — | — | 975,935 | 51,346,021 |
Cost of Shares redeemed | (5,746,701) | (65,114,081) | (15,443,838) | (169,306,158) | (520,820) | (33,143,313) | (1,950,332) | (95,698,599) |
Change from Class Y Share Transactions | 6,513,616 | 73,925,515 | 6,591,930 | 74,839,705 | (186,481) | (12,214,273) | (577,992) | (24,385,911) |
Institutional Class | ||||||||
Proceeds from Shares issued | 3,990,245 | 45,292,111 | 1,396,030 | 15,517,816 | 546,740 | 34,737,170 | 1,838,766 | 89,867,250 |
Reinvestment of distributions | 62,469 | 707,080 | 93,094 | 1,031,402 | — | — | 14,676 | 776,182 |
Cost of Shares redeemed | (1,117,965) | (12,657,161) | (806,241) | (8,921,336) | (310,538) | (19,928,948) | (2,008,192) | (99,317,730) |
Change from Institutional Class Share Transactions | 2,934,749 | 33,342,030 | 682,883 | 7,627,882 | 236,202 | 14,808,222 | (154,750) | (8,674,298) |
Change from Share Transactions | 8,998,652 | $102,277,238 | 7,219,040 | $82,253,829 | 9,110 | $155,761 | (846,316) | $(36,832,260) |
Touchstone Global ESG Equity Fund | Touchstone Growth Opportunities Fund | ||||||
For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
221,638 | $6,082,210 | 396,735 | $8,721,587 | 90,312 | $4,093,708 | 87,918 | $3,266,253 |
— | — | 60,977 | 1,507,353 | — | — | 130,107 | 5,057,274 |
(735,878) | (20,253,166) | (2,085,406) | (46,097,121) | (57,959) | (2,593,070) | (162,699) | (6,232,248) |
(514,240) | (14,170,956) | (1,627,694) | (35,868,181) | 32,353 | 1,500,638 | 55,326 | 2,091,279 |
9,408 | 214,280 | 26,993 | 529,386 | 1,592 | 53,572 | 2,453 | 68,989 |
— | — | — | — | — | — | 9,531 | 269,741 |
(73,517) | (1,664,539) | (246,181) | (4,330,629) | (8,330) | (272,459) | (78,433) | (2,196,413) |
(64,109) | (1,450,259) | (219,188) | (3,801,243) | (6,738) | (218,887) | (66,449) | (1,857,683) |
409,436 | 11,713,205 | 1,187,900 | 26,934,242 | 17,898 | 839,028 | 225,691 | 7,953,280 |
— | — | 34,565 | 886,951 | — | — | 71,950 | 2,931,242 |
(962,377) | (27,453,926) | (2,286,476) | (50,260,030) | (70,200) | (3,248,977) | (498,231) | (18,257,698) |
(552,941) | (15,740,721) | (1,064,011) | (22,438,837) | (52,302) | (2,409,949) | (200,590) | (7,373,176) |
48,715 | 1,399,815 | 219,555 | 5,270,130 | 73,550 | 3,524,347 | 290,108 | 10,798,698 |
— | — | 1,577 | 40,541 | — | — | 150,998 | 6,264,896 |
(76,464) | (2,181,502) | (975,584) | (21,943,439) | (152,587) | (7,365,087) | (2,070,981) | (78,984,848) |
(27,749) | (781,687) | (754,452) | (16,632,768) | (79,037) | (3,840,740) | (1,629,875) | (61,921,254) |
(1,159,039) | $(32,143,623) | (3,665,345) | $(78,741,029) | (105,724) | $(4,968,938) | (1,841,588) | $(69,060,834) |
Touchstone Mid Cap Growth Fund | Touchstone Sands Capital Emerging Markets Growth Fund | |||||||
For the Six Months Ended September 30, 2021 (Unaudited) | For the Year Ended March 31, 2021 | For the Six Months Ended September 30, 2021 (Unaudited)(A) | For the Year Ended March 31, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A(D) | ||||||||
Proceeds from Shares issued | 188,258 | $7,772,530 | 1,067,011 | $34,084,944 | 592,018 | $12,986,214 | 1,005,659 | $20,130,781 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 541,386 | 19,879,699 | — | — | — | — |
Cost of Shares redeemed | (1,019,933) | (41,481,362) | (2,471,731) | (85,865,487) | (150,493) | (3,338,118) | (302,118) | (5,795,374) |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class A Share Transactions | (831,675) | (33,708,832) | (863,334) | (31,900,844) | 441,525 | 9,648,096 | 703,541 | 14,335,407 |
Class B(D) | ||||||||
Proceeds from Shares issued | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | — | — | — | — | — | — |
Share conversion in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Cost of Shares redeemed | — | — | — | — | — | — | — | — |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class B Share Transactions | — | — | — | — | — | — | — | — |
Class C | ||||||||
Proceeds from Shares issued | 63,260 | 1,447,440 | 76,143 | 1,468,504 | 162,374 | 3,515,238 | 392,695 | 8,087,311 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 111,664 | 2,265,668 | — | — | — | — |
Cost of Shares redeemed | (171,067) | (3,855,800) | (713,332) | (13,647,825) | (36,641) | (800,212) | (32,579) | (574,799) |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class C Share Transactions | (107,807) | (2,408,360) | (525,525) | (9,913,653) | 125,733 | 2,715,026 | 360,116 | 7,512,512 |
Class Y(E) | ||||||||
Proceeds from Shares issued | 1,139,254 | 49,154,504 | 3,838,529 | 135,254,385 | 23,054,650 | 514,529,837 | 49,959,576 | 1,004,168,771 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 967,681 | 37,362,145 | — | — | — | — |
Cost of Shares redeemed | (1,723,989) | (75,062,935) | (4,940,786) | (175,997,171) | (11,805,823) | (261,602,421) | (18,838,544) | (356,921,406) |
Change from Class Y Share Transactions | (584,735) | (25,908,431) | (134,576) | (3,380,641) | 11,248,827 | 252,927,416 | 31,121,032 | 647,247,365 |
Institutional Class | ||||||||
Proceeds from Shares issued | 3,016,274 | 132,122,802 | 7,022,230 | 257,938,408 | 23,007,606 | 512,335,589 | 76,112,190 | 1,483,255,179 |
Reinvestment of distributions | — | — | 513,798 | 20,068,967 | — | — | — | — |
Cost of Shares redeemed | (4,220,332) | (186,511,050) | (11,629,901) | (432,407,355) | (46,880,770) | (1,064,547,906) | (19,830,368) | (360,985,578) |
Change from Institutional Class Share Transactions | (1,204,058) | (54,388,248) | (4,093,873) | (154,399,980) | (23,873,164) | (552,212,317) | 56,281,822 | 1,122,269,601 |
Class R6 | ||||||||
Proceeds from Shares issued | 633,125 | 28,808,921 | 120,268 | 4,562,600 | 36,920,998 | 841,009,056 | — | — |
Reinvestment of distributions | — | — | 2,862 | 111,845 | — | — | — | — |
Cost of Shares redeemed | (18,500) | (813,355) | (8,652) | (337,843) | (50,154) | (1,118,885) | — | — |
Change from Class R6 Share Transactions | 614,625 | 27,995,566 | 114,478 | 4,336,602 | 36,870,844 | 839,890,171 | — | — |
Change from Share Transactions | (2,113,650) | $(88,418,305) | (5,502,830) | $(195,258,516) | 24,813,765 | $552,968,392 | 88,466,511 | $1,791,364,885 |
(A) | Represents the period from commencement of operations (April 26, 2021) through September 30, 2021 for Class R6. |
(B) | Represents the period from commencement of operations (July 19, 2021) through September 30, 2021 for Institutional Class. |
(C) | See Note 9 in Notes to Financial Statements |
(D) | Effective July 16, 2021, Class B shares of the AIG Strategic Bond Fund were reorganized into Class A shares of the Touchstone Strategic Income Opportunities Fund. |
(E) | Effective July 16, 2021, Class W shares of the AIG Strategic Bond Fund were reorganized into Class Y shares of the Touchstone Strategic Income Opportunities Fund. |
Touchstone Strategic Income Opportunities Fund | |||
For the Six Months Ended September 30, 2021 (Unaudited)(B) | For the Year Ended March 31, 2021(C) | ||
Shares | Dollars | Shares | Dollars |
3,578,410 | $12,549,752 | 11,723,775 | $40,489,625 |
26,968,139 | 94,970,590 | — | — |
659,861 | 2,315,287 | 1,375,200 | 4,733,156 |
(20,270,715) | (71,164,671) | (10,140,821) | (35,002,379) |
— | — | 1,474,886 | 5,083,563 |
10,935,695 | 38,670,958 | 4,433,040 | 15,303,965 |
27,227 | 94,973 | 2,206,559 | 7,531,595 |
22,615 | 79,292 | 99,176 | 340,859 |
(3,685,534) | (12,956,491) | — | — |
(423,691) | (1,483,312) | (2,218,556) | (7,622,904) |
— | — | (287,296) | (976,210) |
(4,059,383) | (14,265,538) | (200,117) | (726,660) |
315,704 | 1,111,355 | 3,688,032 | 12,667,482 |
9,310,842 | 32,869,573 | — | — |
88,944 | 312,881 | 278,824 | 960,806 |
(3,574,694) | (12,584,021) | (7,168,100) | (24,718,370) |
— | — | (1,184,165) | (4,107,353) |
6,140,796 | 21,709,788 | (4,385,409) | (15,197,435) |
4,954,018 | 17,321,878 | 34,392,953 | 118,154,325 |
26,820,573 | 94,266,176 | — | — |
468,310 | 1,638,970 | 939,055 | 3,234,705 |
(30,930,534) | (108,394,394) | (23,435,348) | (79,759,984) |
1,312,367 | 4,832,630 | 11,896,660 | 41,629,046 |
62,724 | 219,538 | — | — |
107 | 373 | — | — |
— | — | — | — |
62,831 | 219,911 | — | — |
— | — | — | — |
— | — | — | — |
— | — | — | — |
— | — | — | — |
14,392,306 | $51,167,749 | 11,744,174 | $41,008,916 |
Touchstone Flexible Income Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.11 | $10.05 | $10.75 | $10.81 | $10.71 | $10.58 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.17 | 0.41 | 0.34 | 0.39 | 0.26 | 0.30 |
Net realized and unrealized gains (losses) on investments | 0.15 | 1.16 | (0.68) | (0.01) | 0.11 | 0.11 |
Total from investment operations | 0.32 | 1.57 | (0.34) | 0.38 | 0.37 | 0.41 |
Distributions from: | ||||||
Net investment income | (0.17) | (0.41) | (0.36) | (0.38) | (0.27) | (0.28) |
Realized capital gains | — | (0.10) | — | (0.06) | — | — |
Total distributions | (0.17) | (0.51) | (0.36) | (0.44) | (0.27) | (0.28) |
Net asset value at end of period | $11.26 | $11.11 | $10.05 | $10.75 | $10.81 | $10.71 |
Total return(A) | 2.92%(B) | 15.72% | (3.33%) | 3.59% | 3.46% | 3.93% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $121,572 | $121,317 | $99,460 | $110,460 | $136,609 | $49,544 |
Ratio to average net assets: | ||||||
Net expenses (including dividend and interest expense on securities sold short) | 1.04%(C) | 1.04% | 1.05%(D) | 1.04% | 1.06%(D) | 1.10%(D) |
Gross expenses (including dividend and interest expense on securities sold short) | 1.06%(C) | 1.09% | 1.14%(E) | 1.11% | 1.14%(E) | 1.30%(E) |
Net investment income | 3.10%(C) | 3.79% | 3.12% | 3.50% | 2.60% | 2.74% |
Portfolio turnover rate | 23%(B) | 103% | 136% | 171% | 100%(F) | 127% |
(A) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | The ratio of net expenses to average net assets excluding dividend and interest expense on securities sold short for Class A was 1.04%, 1.06% and 1.09% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(E) | The ratio of gross expenses to average net assets excluding dividend and interest expense on securities sold short for Class A was 1.13%, 1.14% and 1.29% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(F) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Multi-Asset Income Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Flexible Income Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $10.94 | $9.90 | $10.60 | $10.67 | $10.57 | $10.44 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.12 | 0.32 | 0.24 | 0.30 | 0.20 | 0.20 |
Net realized and unrealized gains (losses) on investments | 0.15 | 1.15 | (0.66) | (0.01) | 0.09 | 0.13 |
Total from investment operations | 0.27 | 1.47 | (0.42) | 0.29 | 0.29 | 0.33 |
Distributions from: | ||||||
Net investment income | (0.13) | (0.33) | (0.28) | (0.30) | (0.19) | (0.20) |
Realized capital gains | — | (0.10) | — | (0.06) | — | — |
Total distributions | (0.13) | (0.43) | (0.28) | (0.36) | (0.19) | (0.20) |
Net asset value at end of period | $11.08 | $10.94 | $9.90 | $10.60 | $10.67 | $10.57 |
Total return(A) | 2.49%(B) | 14.89% | (4.09%) | 2.77% | 2.73% | 3.22% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $41,307 | $44,389 | $50,767 | $66,926 | $100,800 | $55,043 |
Ratio to average net assets: | ||||||
Net expenses (including dividend and interest expense on securities sold short) | 1.79%(C) | 1.79% | 1.80%(D) | 1.79% | 1.81%(D) | 1.85%(D) |
Gross expenses (including dividend and interest expense on securities sold short) | 1.84%(C) | 1.85% | 1.91%(E) | 1.86% | 1.89%(E) | 2.00%(E) |
Net investment income | 2.35%(C) | 3.04% | 2.37% | 2.75% | 1.85% | 1.99% |
Portfolio turnover rate | 23%(B) | 103% | 136% | 171% | 100%(F) | 127% |
(A) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | The ratio of net expenses to average net assets excluding dividend and interest expense on securities sold short for Class C was 1.79%, 1.81% and 1.84% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(E) | The ratio of gross expenses to average net assets excluding dividend and interest expense on securities sold short for Class C was 1.90%, 1.89% and 1.99% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(F) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Multi-Asset Income Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Flexible Income Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.15 | $10.08 | $10.78 | $10.85 | $10.75 | $10.61 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.19 | 0.44 | 0.37 | 0.42 | 0.31 | 0.32 |
Net realized and unrealized gains (losses) on investments | 0.15 | 1.17 | (0.68) | (0.02) | 0.09 | 0.13 |
Total from investment operations | 0.34 | 1.61 | (0.31) | 0.40 | 0.40 | 0.45 |
Distributions from: | ||||||
Net investment income | (0.19) | (0.44) | (0.39) | (0.41) | (0.30) | (0.31) |
Realized capital gains | — | (0.10) | — | (0.06) | — | — |
Total distributions | (0.19) | (0.54) | (0.39) | (0.47) | (0.30) | (0.31) |
Net asset value at end of period | $11.30 | $11.15 | $10.08 | $10.78 | $10.85 | $10.75 |
Total return | 3.04%(A) | 16.07% | (3.07%) | 3.75% | 3.71% | 4.28% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $669,210 | $587,810 | $464,910 | $459,861 | $628,693 | $464,002 |
Ratio to average net assets: | ||||||
Net expenses (including dividend and interest expense on securities sold short) | 0.79%(B) | 0.79% | 0.80%(C) | 0.79% | 0.82%(C) | 0.85%(C) |
Gross expenses (including dividend and interest expense on securities sold short) | 0.80%(B) | 0.83% | 0.87%(D) | 0.84% | 0.90%(D) | 1.00%(D) |
Net investment income | 3.35%(B) | 4.04% | 3.37% | 3.75% | 2.84% | 2.99% |
Portfolio turnover rate | 23%(A) | 103% | 136% | 171% | 100%(E) | 127% |
(A) | Not annualized. |
(B) | Annualized. |
(C) | The ratio of net expenses to average net assets excluding dividend and interest expense on securities sold short for Class Y was 0.79%, 0.82% and 0.84% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(D) | The ratio of gross expenses to average net assets excluding dividend and interest expense on securities sold short for Class Y was 0.86%, 0.90% and 0.99% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(E) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Multi-Asset Income Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Flexible Income Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.14 | $10.08 | $10.78 | $10.84 | $10.74 | $10.60 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.17 | 0.45 | 0.40 | 0.44 | 0.33 | 0.33 |
Net realized and unrealized gains (losses) on investments | 0.17 | 1.16 | (0.70) | (0.02) | 0.08 | 0.13 |
Total from investment operations | 0.34 | 1.61 | (0.30) | 0.42 | 0.41 | 0.46 |
Distributions from: | ||||||
Net investment income | (0.19) | (0.45) | (0.40) | (0.42) | (0.31) | (0.32) |
Realized capital gains | — | (0.10) | — | (0.06) | — | — |
Total distributions | (0.19) | (0.55) | (0.40) | (0.48) | (0.31) | (0.32) |
Net asset value at end of period | $11.29 | $11.14 | $10.08 | $10.78 | $10.84 | $10.74 |
Total return | 3.10%(A) | 16.19% | (3.02%) | 3.95% | 3.81% | 4.28% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $69,741 | $36,136 | $25,798 | $59,138 | $86,578 | $104,631 |
Ratio to average net assets: | ||||||
Net expenses (including dividend and interest expense on securities sold short) | 0.69%(B) | 0.69% | 0.70%(C) | 0.69% | 0.72%(C) | 0.75%(C) |
Gross expenses (including dividend and interest expense on securities sold short) | 0.78%(B) | 0.84% | 0.88%(D) | 0.82% | 0.86%(D) | 0.92%(D) |
Net investment income | 3.45%(B) | 4.14% | 3.47% | 3.85% | 2.94% | 3.09% |
Portfolio turnover rate | 23%(A) | 103% | 136% | 171% | 100%(E) | 127% |
(A) | Not annualized. |
(B) | Annualized. |
(C) | The ratio of net expenses to average net assets excluding dividend and interest expense on securities sold short for Institutional Class was 0.69%, 0.72% and 0.74% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(D) | The ratio of gross expenses to average net assets excluding dividend and interest expense on securities sold short for Institutional Class was 0.87%, 0.86% and 0.91% for the years ended March 31, 2020, 2018 and 2017, respectively. |
(E) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Multi-Asset Income Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Focused Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $58.43 | $36.45 | $42.68 | $42.93 | $41.47 | $36.68 |
Income (loss) from investment operations: | ||||||
Net investment income (loss)(A) | (0.06) | (0.02) | 0.14 | 0.14 | 0.17 | 0.15 |
Net realized and unrealized gains (losses) on investments | 4.74 | 24.92 | (3.56) | 1.39 | 4.02 | 5.12 |
Total from investment operations | 4.68 | 24.90 | (3.42) | 1.53 | 4.19 | 5.27 |
Distributions from: | ||||||
Net investment income | — | — | (0.10) | (0.01) | — | (0.14) |
Realized capital gains | — | (2.92) | (2.71) | (1.77) | (2.73) | (0.34) |
Total distributions | — | (2.92) | (2.81) | (1.78) | (2.73) | (0.48) |
Net asset value at end of period | $63.11 | $58.43 | $36.45 | $42.68 | $42.93 | $41.47 |
Total return(B) | 8.01%(C) | 69.38% | (9.14%) | 3.82% | 10.13% | 14.45% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $52,889 | $48,419 | $27,889 | $55,399 | $167,354 | $425,366 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 1.16%(D)(E) | 1.22%(E) | 1.20%(F) | 1.20% | 1.20% | 1.20% |
Gross expenses (including liquidity provider expenses) | 1.16%(D)(G) | 1.22%(G) | 1.19% | 1.32% | 1.29% | 1.28% |
Net investment income (loss) | (0.18%)(D) | (0.05%) | 0.31% | 0.32% | 0.40% | 0.39% |
Portfolio turnover rate | 5%(C)(H) | 18%(H) | 13% | 12% | 8%(H) | 20% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A were 1.15% for the six months ended September 30, 2021 and 1.20% for the year ended March 31, 2021. |
(F) | Net expenses include amounts recouped by the Advisor. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A were 1.15% for the six months ended September 30, 2021 and 1.20% for the year ended March 31, 2021. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Focused Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $53.97 | $34.06 | $40.26 | $40.89 | $39.90 | $35.54 |
Income (loss) from investment operations: | ||||||
Net investment loss(A) | (0.28) | (0.36) | (0.18) | (0.18) | (0.14) | (0.13) |
Net realized and unrealized gains (losses) on investments | 4.39 | 23.19 | (3.31) | 1.32 | 3.86 | 4.94 |
Total from investment operations | 4.11 | 22.83 | (3.49) | 1.14 | 3.72 | 4.81 |
Distributions from: | ||||||
Net investment income | — | — | — | — | — | (0.11) |
Realized capital gains | — | (2.92) | (2.71) | (1.77) | (2.73) | (0.34) |
Total distributions | — | (2.92) | (2.71) | (1.77) | (2.73) | (0.45) |
Net asset value at end of period | $58.08 | $53.97 | $34.06 | $40.26 | $40.89 | $39.90 |
Total return(B) | 7.62%(C) | 68.10% | (9.80%) | 3.03% | 9.34% | 13.56% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $24,260 | $25,241 | $21,961 | $33,875 | $41,635 | $53,776 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 1.93%(D)(E) | 1.96%(E) | 1.95% | 1.95% | 1.94% | 1.95% |
Gross expenses (including liquidity provider expenses) | 1.93%(D)(F) | 1.96%(F) | 1.98% | 1.95% | 1.94% | 1.97% |
Net investment loss | (0.95%)(D) | (0.79%) | (0.44%) | (0.43%) | (0.34%) | (0.36%) |
Portfolio turnover rate | 5%(C)(G) | 18%(G) | 13% | 12% | 8%(G) | 20% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class C were 1.92% for the six months ended September 30, 2021 and 1.94% for the year ended March 31, 2021. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class C were 1.92% for the six months ended September 30, 2021 and 1.94% for the year ended March 31, 2021. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Focused Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $59.10 | $36.82 | $43.12 | $43.50 | $42.21 | $37.29 |
Income (loss) from investment operations: | ||||||
Net investment income(A) | 0.04 | 0.13 | 0.26 | 0.27 | 0.31 | 0.27 |
Net realized and unrealized gains (losses) on investments | 4.79 | 25.21 | (3.58) | 1.39 | 4.08 | 5.22 |
Total from investment operations | 4.83 | 25.34 | (3.32) | 1.66 | 4.39 | 5.49 |
Distributions from: | ||||||
Net investment income | — | (0.14) | (0.27) | (0.27) | (0.37) | (0.23) |
Realized capital gains | — | (2.92) | (2.71) | (1.77) | (2.73) | (0.34) |
Total distributions | — | (3.06) | (2.98) | (2.04) | (3.10) | (0.57) |
Net asset value at end of period | $63.93 | $59.10 | $36.82 | $43.12 | $43.50 | $42.21 |
Total return | 8.17%(B) | 69.89% | (8.86%) | 4.13% | 10.43% | 14.77% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,133,345 | $1,058,713 | $680,934 | $879,704 | $972,273 | $974,660 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.87%(C)(D) | 0.91%(D) | 0.91% | 0.91% | 0.91% | 0.92% |
Gross expenses (including liquidity provider expenses) | 0.87%(C)(E) | 0.91%(E) | 0.91% | 0.91% | 0.91% | 0.92% |
Net investment income | 0.11%(C) | 0.27% | 0.60% | 0.61% | 0.69% | 0.68% |
Portfolio turnover rate | 5%(B)(F) | 18%(F) | 13% | 12% | 8%(F) | 20% |
(A) | The net investment income per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y were 0.86% for the six months ended September 30, 2021 and 0.89% for the year ended March 31, 2021. |
(E) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y were 0.86% for the six months ended September 30, 2021 and 0.89% for the year ended March 31, 2021. |
(F) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Focused Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $59.38 | $36.98 | $43.30 | $43.68 | $42.38 | $37.45 |
Income (loss) from investment operations: | ||||||
Net investment income(A) | 0.04 | 0.16 | 0.30 | 0.30 | 0.34 | 0.30 |
Net realized and unrealized gains (losses) on investments | 4.82 | 25.33 | (3.60) | 1.39 | 4.11 | 5.24 |
Total from investment operations | 4.86 | 25.49 | (3.30) | 1.69 | 4.45 | 5.54 |
Distributions from: | ||||||
Net investment income | — | (0.17) | (0.31) | (0.30) | (0.42) | (0.27) |
Realized capital gains | — | (2.92) | (2.71) | (1.77) | (2.73) | (0.34) |
Total distributions | — | (3.09) | (3.02) | (2.07) | (3.15) | (0.61) |
Net asset value at end of period | $64.24 | $59.38 | $36.98 | $43.30 | $43.68 | $42.38 |
Total return | 8.19%(B) | 70.00% | (8.79%) | 4.20% | 10.54% | 14.84% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $31,753 | $15,323 | $15,267 | $29,382 | $22,556 | $41,389 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.84%(C)(D) | 0.85%(D) | 0.83% | 0.83% | 0.83% | 0.83% |
Gross expenses (including liquidity provider expenses) | 0.87%(C)(E) | 0.94%(E) | 0.92% | 0.92% | 0.92% | 0.88% |
Net investment income | 0.14%(C) | 0.32% | 0.68% | 0.69% | 0.77% | 0.76% |
Portfolio turnover rate | 5%(B)(F) | 18%(F) | 13% | 12% | 8%(F) | 20% |
(A) | The net investment income per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.83% for the six months ended September 30, 2021 and 0.83% for the year ended March 31, 2021. |
(E) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.86% for the six months ended September 30, 2021 and 0.92% for the year ended March 31, 2021. |
(F) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Global ESG Equity Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $26.16 | $16.84 | $19.94 | $22.01 | $21.52 | $18.98 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.10 | 0.14(A) | 0.17(A) | 0.15 | 0.03 | 0.18 |
Net realized and unrealized gains (losses) on investments | 0.49 | 9.26 | (2.78) | (0.29) | 3.37 | 2.47 |
Total from investment operations | 0.59 | 9.40 | (2.61) | (0.14) | 3.40 | 2.65 |
Distributions from: | ||||||
Net investment income | — | (0.08) | (0.15) | (0.17) | (0.17) | (0.11) |
Realized capital gains | — | — | (0.34) | (1.76) | (2.74) | — |
Total distributions | — | (0.08) | (0.49) | (1.93) | (2.91) | (0.11) |
Net asset value at end of period | $26.75 | $26.16 | $16.84 | $19.94 | $22.01 | $21.52 |
Total return(B) | 2.26%(C) | 55.86% | 13.61% | (0.37%) | 15.57% | 14.01% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $494,087 | $496,574 | $347,021 | $445,608 | $485,413 | $113,062 |
Ratio to average net assets: | ||||||
Net expenses | 1.15%(D) | 1.12% | 1.17% | 1.17% | 1.19% | 1.24% |
Gross expenses | 1.15%(D) | 1.12% | 1.18% | 1.17% | 1.22% | 1.36% |
Net investment income | 0.70%(D) | 0.63% | 0.84% | 0.70% | 0.58% | 0.83% |
Portfolio turnover rate | 15%(C) | 62% | 60% | 40% | 72%(E) | 53% |
Touchstone Global ESG Equity Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $21.59 | $13.97 | $16.65 | $18.68 | $18.62 | $16.47 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.01) | (0.04)(A) | —(A)(F) | (0.06) | (0.05) | 0.01 |
Net realized and unrealized gains (losses) on investments | 0.41 | 7.66 | (2.31) | (0.21) | 2.85 | 2.15 |
Total from investment operations | 0.40 | 7.62 | (2.31) | (0.27) | 2.80 | 2.16 |
Distributions from: | ||||||
Net investment income | — | — | (0.03) | — | — | (0.01) |
Realized capital gains | — | — | (0.34) | (1.76) | (2.74) | — |
Total distributions | — | — | (0.37) | (1.76) | (2.74) | (0.01) |
Net asset value at end of period | $21.99 | $21.59 | $13.97 | $16.65 | $18.68 | $18.62 |
Total return(B) | 1.85%(C) | 54.55% | (14.34%) | (1.18%) | 14.75% | 13.12% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $6,515 | $7,782 | $8,099 | $14,926 | $37,513 | $48,055 |
Ratio to average net assets: | ||||||
Net expenses | 1.99%(D) | 1.99% | 1.99% | 1.99% | 1.99% | 1.99% |
Gross expenses | 2.11%(D) | 2.14% | 2.14% | 2.03% | 2.05% | 2.12% |
Net investment income (loss) | (0.14%)(D) | (0.24%) | 0.02% | (0.12%) | (0.23%) | 0.08% |
Portfolio turnover rate | 15%(C) | 62% | 60% | 40% | 72%(E) | 53% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Sustainable Core Opportunities Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
(F) | Less than $0.005 per share. |
Touchstone Global ESG Equity Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $27.16 | $17.48 | $20.66 | $22.75 | $22.11 | $19.49 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.14 | 0.20(A) | 0.24(A) | 0.21 | 0.16 | 0.20 |
Net realized and unrealized gains (losses) on investments | 0.51 | 9.62 | (2.88) | (0.31) | 3.41 | 2.58 |
Total from investment operations | 0.65 | 9.82 | (2.64) | (0.10) | 3.57 | 2.78 |
Distributions from: | ||||||
Net investment income | — | (0.14) | (0.20) | (0.23) | (0.19) | (0.16) |
Realized capital gains | — | — | (0.34) | (1.76) | (2.74) | — |
Total distributions | — | (0.14) | (0.54) | (1.99) | (2.93) | (0.16) |
Net asset value at end of period | $27.81 | $27.16 | $17.48 | $20.66 | $22.75 | $22.11 |
Total return | 2.39%(B) | 56.22% | (13.37%) | (0.09%) | 15.90% | 14.30% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $171,806 | $182,806 | $136,239 | $207,080 | $189,837 | $112,790 |
Ratio to average net assets: | ||||||
Net expenses | 0.90%(C) | 0.90% | 0.90% | 0.90% | 0.94% | 0.99% |
Gross expenses | 0.91%(C) | 0.93% | 0.94% | 0.93% | 0.99% | 1.09% |
Net investment income | 0.95%(C) | 0.85% | 1.11% | 0.97% | 0.82% | 1.08% |
Portfolio turnover rate | 15%(B) | 62% | 60% | 40% | 72%(D) | 53% |
Touchstone Global ESG Equity Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $27.20 | $17.50 | $20.68 | $22.77 | $22.13 | $19.50 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.14 | 0.19(A) | 0.24(A) | 0.22 | 0.20 | 0.19 |
Net realized and unrealized gains (losses) on investments | 0.52 | 9.64 | (2.88) | (0.32) | 3.38 | 2.61 |
Total from investment operations | 0.66 | 9.83 | (2.64) | (0.10) | 3.58 | 2.80 |
Distributions from: | ||||||
Net investment income | — | (0.13) | (0.20) | (0.23) | (0.20) | (0.17) |
Realized capital gains | — | — | (0.34) | (1.76) | (2.74) | — |
Total distributions | — | (0.13) | (0.54) | (1.99) | (2.94) | (0.17) |
Net asset value at end of period | $27.86 | $27.20 | $17.50 | $20.68 | $22.77 | $22.13 |
Total return | 2.43%(B) | 56.21% | (13.35%) | (0.10%) | 15.95% | 14.41% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $12,817 | $13,271 | $21,739 | $44,382 | $42,196 | $29,679 |
Ratio to average net assets: | ||||||
Net expenses | 0.89%(C) | 0.89% | 0.89% | 0.89% | 0.89% | 0.89% |
Gross expenses | 0.95%(C) | 0.97% | 0.95% | 0.93% | 1.01% | 1.11% |
Net investment income | 0.96%(C) | 0.86% | 1.12% | 0.98% | 0.87% | 1.18% |
Portfolio turnover rate | 15%(B) | 62% | 60% | 40% | 72%(D) | 53% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Sustainable Core Opportunities Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Growth Opportunities Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $41.07 | $27.94 | $32.71 | $32.79 | $30.20 | $27.35 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.06)(A) | (0.20) | (0.04) | (0.05) | (0.11) | (—)(B) |
Net realized and unrealized gains on investments | 4.11 | 17.44 | 0.99 | 3.10 | 5.89 | 3.86 |
Total from investment operations | 4.05 | 17.24 | 0.95 | 3.05 | 5.78 | 3.86 |
Distributions from: | ||||||
Realized capital gains | — | (4.11) | (5.72) | (3.13) | (3.19) | (1.01) |
Net asset value at end of period | $45.12 | $41.07 | $27.94 | $32.71 | $32.79 | $30.20 |
Total return(C) | 9.86%(D) | 62.56% | 0.63% | 10.40% | 19.51% | 14.38% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $63,946 | $56,877 | $37,150 | $42,404 | $39,901 | $38,752 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 1.24%(E) | 1.24% | 1.25%(F) | 1.24% | 1.24% | 0.99% |
Gross expenses (including liquidity provider expenses) | 1.30%(E) | 1.34% | 1.41%(G) | 1.37% | 1.38% | 1.09% |
Net investment income (loss) | (0.26%)(E) | (0.55%) | (0.12%) | (0.17%) | (0.32%) | 1.08% |
Portfolio turnover rate | 22%(D)(H) | 65% | 101%(H) | 94%(H) | 86% | 53% |
Touchstone Growth Opportunities Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $29.84 | $21.19 | $26.18 | $27.08 | $25.60 | $23.51 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.16)(A) | (0.77) | (0.23) | (0.49) | (0.29) | (0.23) |
Net realized and unrealized gains on investments | 2.98 | 13.53 | 0.96 | 2.72 | 4.96 | 3.33 |
Total from investment operations | 2.82 | 12.76 | 0.73 | 2.23 | 4.67 | 3.10 |
Distributions from: | ||||||
Realized capital gains | — | (4.11) | (5.72) | (3.13) | (3.19) | (1.01) |
Net asset value at end of period | $32.66 | $29.84 | $21.19 | $26.18 | $27.08 | $25.60 |
Total return(C) | 9.45%(D) | 61.29% | (0.09%) | 9.54% | 18.65% | 13.49% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,808 | $1,853 | $2,724 | $3,863 | $8,680 | $8,574 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 1.99%(E) | 1.99% | 2.00%(F) | 1.99% | 1.99% | 1.99% |
Gross expenses (including liquidity provider expenses) | 2.78%(E) | 2.70% | 2.61%(G) | 2.32% | 2.29% | 2.26% |
Net investment loss | (1.01%)(E) | (1.30%) | (0.87%) | (0.92%) | (1.07%) | (0.76%) |
Portfolio turnover rate | 22%(D)(H) | 65% | 101%(H) | 94%(H) | 86% | 90% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Less than $0.005 per share. |
(C) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.24% and for Class C was 1.99% for the year ended March 31, 2020. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.40% and for Class C was 2.60% for the year ended March 31, 2020. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Growth Opportunities Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $43.08 | $29.11 | $33.78 | $33.69 | $30.87 | $27.90 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (—)(A) | (0.12) | 0.04 | 0.03 | (0.02) | 0.10 |
Net realized and unrealized gains on investments | 4.31 | 18.20 | 1.01 | 3.19 | 6.03 | 3.91 |
Total from investment operations | 4.31 | 18.08 | 1.05 | 3.22 | 6.01 | 4.01 |
Distributions from: | ||||||
Net investment income | — | — | — | —(B) | — | (0.03) |
Realized capital gains | — | (4.11) | (5.72) | (3.13) | (3.19) | (1.01) |
Total distributions | — | (4.11) | (5.72) | (3.13) | (3.19) | (1.04) |
Net asset value at end of period | $47.39 | $43.08 | $29.11 | $33.78 | $33.69 | $30.87 |
Total return | 10.01%(C) | 62.93% | 0.92% | 10.67% | 19.80% | 14.64% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $31,337 | $30,742 | $26,610 | $43,703 | $47,554 | $47,222 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.99%(D) | 0.99% | 1.00%(E) | 0.99% | 0.99% | 0.99% |
Gross expenses (including liquidity provider expenses) | 1.09%(D) | 1.13% | 1.14%(F) | 1.08% | 1.07% | 1.07% |
Net investment income (loss) | (0.01%)(D) | (0.30%) | 0.13% | 0.08% | (0.07%) | 0.24% |
Portfolio turnover rate | 22%(C)(G) | 65% | 101%(G) | 94%(G) | 86% | 90% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Less than $0.005 per share. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y was 0.99% for the year ended March 31, 2020 |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y was 1.13% for the year ended March 31, 2020. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Growth Opportunities Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $43.90 | $29.58 | $34.22 | $34.08 | $31.16 | $28.15 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | 0.02(A) | (0.06) | 0.06 | 0.09 | 0.01 | 0.12 |
Net realized and unrealized gains on investments | 4.39 | 18.49 | 1.02 | 3.21 | 6.10 | 3.96 |
Total from investment operations | 4.41 | 18.43 | 1.08 | 3.30 | 6.11 | 4.08 |
Distributions from: | ||||||
Net investment income | — | — | — | (0.03) | — | (0.06) |
Realized capital gains | — | (4.11) | (5.72) | (3.13) | (3.19) | (1.01) |
Total distributions | — | (4.11) | (5.72) | (3.16) | (3.19) | (1.07) |
Net asset value at end of period | $48.31 | $43.90 | $29.58 | $34.22 | $34.08 | $31.16 |
Total return | 10.05%(B) | 63.13% | 1.00% | 10.79% | 19.94% | 14.77% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $74,827 | $71,461 | $96,361 | $71,406 | $185,831 | $150,038 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.89%(C) | 0.89% | 0.90%(D) | 0.89% | 0.89% | 0.89% |
Gross expenses (including liquidity provider expenses) | 1.01%(C) | 1.03% | 1.05%(E) | 1.01% | 1.01% | 1.00% |
Net investment income (loss) | 0.09%(C) | (0.20%) | 0.23% | 0.18% | 0.03% | 0.34% |
Portfolio turnover rate | 22%(B)(F) | 65% | 101%(F) | 94%(F) | 86% | 90% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Institutional Class was 0.89% for the year ended March 31, 2020. |
(E) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Institutional Class was 1.04% for the year ended March 31, 2020. |
(F) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Mid Cap Growth Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $37.71 | $24.89 | $29.26 | $28.05 | $25.91 | $23.28 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.14) | (0.28) | (0.07) | (0.09) | (0.08)(A) | (0.06) |
Net realized and unrealized gains (losses) on investments | 4.54 | 15.64 | (2.06) | 3.36 | 4.95 | 3.31 |
Total from investment operations | 4.40 | 15.36 | (2.13) | 3.27 | 4.87 | 3.25 |
Distributions from: | ||||||
Net investment income | — | — | (0.01) | — | — | — |
Realized capital gains | — | (2.54) | (2.23) | (2.06) | (2.73) | (0.62) |
Total distributions | — | (2.54) | (2.24) | (2.06) | (2.73) | (0.62) |
Net asset value at end of period | $42.11 | $37.71 | $24.89 | $29.26 | $28.05 | $25.91 |
Total return(B) | 11.67%(C) | 61.98% | (8.78%) | 12.77% | 19.28% | 14.13% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $325,034 | $322,432 | $234,307 | $262,492 | $218,727 | $225,381 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 1.21%(D)(E) | 1.23%(E) | 1.25% | 1.27% | 1.29% | 1.30% |
Gross expenses (including liquidity provider expenses) | 1.21%(D)(F) | 1.23%(F) | 1.25% | 1.27% | 1.29% | 1.30% |
Net investment loss | (0.72%)(D) | (0.75%) | (0.24%) | (0.35%) | (0.29%) | (0.26%) |
Portfolio turnover rate | 26%(C)(G) | 65%(G) | 82% | 71% | 76% | 95% |
(A) | The net investment loss per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A were 1.19% for the six months ended September 30, 2021 and 1.22% for the year ended March 31, 2021. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A were 1.19% for the six months ended September 30, 2021 and 1.22% for the year ended March 31, 2021. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Mid Cap Growth Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $20.79 | $14.56 | $18.08 | $18.27 | $17.84 | $16.33 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.32) | (0.78) | (0.32) | (0.49) | (0.20)(A) | (0.22) |
Net realized and unrealized gains (losses) on investments | 2.64 | 9.55 | (0.97) | 2.36 | 3.36 | 2.35 |
Total from investment operations | 2.32 | 8.77 | (1.29) | 1.87 | 3.16 | 2.13 |
Distributions from: | ||||||
Realized capital gains | — | (2.54) | (2.23) | (2.06) | (2.73) | (0.62) |
Net asset value at end of period | $23.11 | $20.79 | $14.56 | $18.08 | $18.27 | $17.84 |
Total return(B) | 11.16%(C) | 60.65% | (9.55%) | 11.91% | 18.38% | 13.28% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $18,567 | $18,939 | $20,918 | $32,831 | $90,502 | $113,153 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 2.06%(D)(E) | 2.07%(E) | 2.07% | 2.04% | 2.04% | 2.06% |
Gross expenses (including liquidity provider expenses) | 2.06%(D)(F) | 2.07%(F) | 2.07% | 2.04% | 2.04% | 2.06% |
Net investment loss | (1.56%)(D) | (1.59%) | (1.06%) | (1.12%) | (1.04%) | (1.02%) |
Portfolio turnover rate | 26%(C)(G) | 65%(G) | 82% | 71% | 76% | 95% |
(A) | The net investment loss per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class C were 2.04% for the six months ended September 30, 2021 and 2.06% for the year ended March 31, 2021. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class C were 2.04% for the six months ended September 30, 2021 and 2.06% for the year ended March 31, 2021. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Mid Cap Growth Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $39.68 | $26.04 | $30.50 | $29.07 | $26.70 | $23.92 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.10) | (0.18) | (—)(A) | (0.03) | (0.01)(B) | (—)(A) |
Net realized and unrealized gains (losses) on investments | 4.78 | 16.36 | (2.17) | 3.52 | 5.11 | 3.40 |
Total from investment operations | 4.68 | 16.18 | (2.17) | 3.49 | 5.10 | 3.40 |
Distributions from: | ||||||
Net investment income | — | — | (0.06) | — | — | — |
Realized capital gains | — | (2.54) | (2.23) | (2.06) | (2.73) | (0.62) |
Total distributions | — | (2.54) | (2.29) | (2.06) | (2.73) | (0.62) |
Net asset value at end of period | $44.36 | $39.68 | $26.04 | $30.50 | $29.07 | $26.70 |
Total return | 11.80%(C) | 62.40% | (8.58%) | 13.05% | 19.62% | 14.38% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $690,939 | $641,218 | $424,403 | $452,407 | $375,617 | $311,865 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.98%(D)(E) | 0.99%(E) | 1.01% | 1.02% | 1.02% | 1.06% |
Gross expenses (including liquidity provider expenses) | 0.98%(D)(F) | 0.99%(F) | 1.01% | 1.02% | 1.02% | 1.06% |
Net investment loss | (0.49%)(D) | (0.52%) | (—%)(A) | (0.10%) | (0.02%) | (0.02%) |
Portfolio turnover rate | 26%(C)(G) | 65%(G) | 82% | 71% | 76% | 95% |
(A) | Less than $0.005 per share or 0.005%. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y were 0.96% for the six months ended September 30, 2021 and 0.98% for the year ended March 31, 2021. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y were 0.96% for the six months ended September 30, 2021 and 0.98% for the year ended March 31, 2021. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Mid Cap Growth Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $40.16 | $26.32 | $30.79 | $29.32 | $26.90 | $24.07 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.04) | (0.20) | 0.01 | (0.01) | (—)(A)(B) | 0.10 |
Net realized and unrealized gains (losses) on investments | 4.80 | 16.58 | (2.18) | 3.54 | 5.15 | 3.35 |
Total from investment operations | 4.76 | 16.38 | (2.17) | 3.53 | 5.15 | 3.45 |
Distributions from: | ||||||
Net investment income | — | — | (0.07) | — | — | — |
Realized capital gains | — | (2.54) | (2.23) | (2.06) | (2.73) | (0.62) |
Total distributions | — | (2.54) | (2.30) | (2.06) | (2.73) | (0.62) |
Net asset value at end of period | $44.92 | $40.16 | $26.32 | $30.79 | $29.32 | $26.90 |
Total return | 11.85%(C) | 62.50% | (8.49%) | 13.10% | 19.62% | 14.50% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $372,603 | $381,463 | $357,769 | $349,865 | $95,176 | $44,236 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses) | 0.88%(D)(E) | 0.91%(E) | 0.94% | 0.97%(F) | 0.99% | 0.99% |
Gross expenses (including liquidity provider expenses) | 0.92%(D)(G) | 0.92%(G) | 0.94% | 0.97% | 0.99% | 1.00% |
Net investment income (loss) | (0.39%)(D) | (0.44%) | 0.06% | (0.06%) | 0.01% | 0.05% |
Portfolio turnover rate | 26%(C)(H) | 65%(H) | 82% | 71% | 76% | 95% |
(A) | Less than $0.005 per share or 0.005%. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.86% for the six months ended September 30, 2021 and 0.90% for the year ended March 31, 2021. |
(F) | Net expenses include amounts recouped by the Advisor. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.90% for the six months ended September 30, 2021 and 0.91% for the year ended March 31, 2021. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Mid Cap Growth Fund—Class R6 | |||
Selected Data for a Share Outstanding Throughout Each Period | |||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, 2021 | Period Ended March 31, 2020(A) | |
Net asset value at beginning of period | $40.18 | $26.32 | $35.72(B) |
Income (loss) from investment operations: | |||
Net investment loss | (0.10) | (0.11) | (—)(C) |
Net realized and unrealized gains (losses) on investments | 4.89 | 16.51 | (9.40) |
Total from investment operations | 4.79 | 16.40 | (9.40) |
Distributions from: | |||
Realized capital gains | — | (2.54) | — |
Net asset value at end of period | $44.97 | $40.18 | $26.32 |
Total return | 11.92%(D) | 62.58% | (26.32%)(D) |
Ratios and supplemental data: | |||
Net assets at end of period (000's) | $32,791 | $4,603 | $2 |
Ratio to average net assets: | |||
Net expenses (including liquidity provider expenses) | 0.79%(E)(F) | 0.85%(F) | 0.89% |
Gross expenses (including liquidity provider expenses) | 0.94%(E)(G) | 1.47%(G) | 1,279.20% |
Net investment loss | (0.30%)(E) | (0.37%) | (0.02%) |
Portfolio turnover rate | 26%(D)(H) | 65%(H) | 82% |
(A) | Represents the period from commencement of operations (February 10, 2020) through March 31, 2020. |
(B) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on February 10, 2020. |
(C) | Less than 0.005%. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class R6 were 0.77% for the six months ended September 30, 2021 and 0.84% for the year ended March 31, 2021. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class R6 were 0.92% for the six months ended September 30, 2021 and 1.46% for the year ended March 31, 2021. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Sands Capital Emerging Markets Growth Fund—Class A | ||||
Selected Data for a Share Outstanding Throughout Each Period | ||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | Period Ended March 31, 2019(A) | ||
2021 | 2020 | |||
Net asset value at beginning of period | $21.25 | $11.36 | $13.15 | $11.21(B) |
Income (loss) from investment operations: | ||||
Net investment income (loss) | (0.12) | (0.13) | 0.05(C) | (0.01) |
Net realized and unrealized gains (losses) on investments | 0.96 | 10.02 | (1.77) | 1.95 |
Total from investment operations | 0.84 | 9.89 | (1.72) | 1.94 |
Distributions from: | ||||
Net investment income | — | — | (0.07) | — |
Net asset value at end of period | $22.09 | $21.25 | $11.36 | $13.15 |
Total return(D) | 3.95%(E) | 87.06% | (13.19%) | 17.31%(E) |
Ratios and supplemental data: | ||||
Net assets at end of period (000's) | $30,926 | $20,369 | $2,897 | $1,349 |
Ratio to average net assets: | ||||
Net expenses | 1.60%(F)(G) | 1.60% | 1.60% | 1.60%(F) |
Gross expenses | 1.57%(F) | 1.77% | 2.62% | 4.89%(F) |
Net investment income (loss) | (1.03%)(F) | (1.22%) | 0.35% | (0.94%)(F) |
Portfolio turnover rate | 11%(E) | 27% | 20% | 31% |
Touchstone Sands Capital Emerging Markets Growth Fund—Class C | ||||
Selected Data for a Share Outstanding Throughout Each Period | ||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | Period Ended March 31, 2019(A) | ||
2021 | 2020 | |||
Net asset value at beginning of period | $20.91 | $11.26 | $13.11 | $11.21(B) |
Income (loss) from investment operations: | ||||
Net investment loss | (0.18) | (0.14) | (0.05)(C) | (0.04) |
Net realized and unrealized gains (losses) on investments | 0.92 | 9.79 | (1.75) | 1.94 |
Total from investment operations | 0.74 | 9.65 | (1.80) | 1.90 |
Distributions from: | ||||
Net investment income | — | — | (0.05) | — |
Net asset value at end of period | $21.65 | $20.91 | $11.26 | $13.11 |
Total return(D) | 3.54%(E) | 85.70% | (13.81%) | 16.95%(E) |
Ratios and supplemental data: | ||||
Net assets at end of period (000's) | $12,703 | $9,637 | $1,135 | $59 |
Ratio to average net assets: | ||||
Net expenses | 2.35%(F) | 2.35% | 2.35% | 2.35%(F) |
Gross expenses | 2.40%(F) | 2.82% | 5.24% | 57.88%(F) |
Net investment loss | (1.78%)(F) | (1.97%) | (0.40%) | (1.69%)(F) |
Portfolio turnover rate | 11%(E) | 27% | 20% | 31% |
(A) | Represents the period from commencement of operations (November 16, 2018) through March 31, 2019. |
(B) | Net asset value at the beginning of period is based on the net asset value of Class Y shares on November 16, 2018. |
(C) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(D) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | Net expenses include amounts eligible for recoupment by the Advisor. |
Touchstone Sands Capital Emerging Markets Growth Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $21.36 | $11.38 | $13.16 | $13.56 | $10.70 | $9.40 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.08) | (0.11) | 0.08(A) | (0.03) | (0.06) | (0.03) |
Net realized and unrealized gains (losses) on investments | 0.96 | 10.09 | (1.77) | (0.37) | 2.92 | 1.33 |
Total from investment operations | 0.88 | 9.98 | (1.69) | (0.40) | 2.86 | 1.30 |
Distributions from: | ||||||
Net investment income | — | — | (0.09) | — | — | — |
Net asset value at end of period | $22.24 | $21.36 | $11.38 | $13.16 | $13.56 | $10.70 |
Total return | 4.17%(B) | 87.71% | (12.96%) | (3.02%) | 26.82% | 13.83% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,770,999 | $1,460,473 | $423,992 | $318,093 | $207,209 | $103,467 |
Ratio to average net assets: | ||||||
Net expenses | 1.25%(C) | 1.26% | 1.33%(D) | 1.35%(D) | 1.47% | 1.49% |
Gross expenses | 1.25%(C) | 1.26% | 1.31% | 1.35% | 1.49% | 1.55% |
Net investment income (loss) | (0.68%)(C) | (0.88%) | 0.62% | (0.45%) | (0.73%) | (0.49%) |
Portfolio turnover rate | 11%(B) | 27% | 20% | 31% | 27% | 49% |
Touchstone Sands Capital Emerging Markets Growth Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $21.47 | $11.43 | $13.21 | $13.61 | $10.73 | $9.41 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.07) | (0.11) | 0.09(A) | (0.03) | (0.06) | (0.03) |
Net realized and unrealized gains (losses) on investments | 0.96 | 10.15 | (1.77) | (0.37) | 2.94 | 1.35 |
Total from investment operations | 0.89 | 10.04 | (1.68) | (0.40) | 2.88 | 1.32 |
Distributions from: | ||||||
Net investment income | — | — | (0.10) | — | — | — |
Net asset value at end of period | $22.36 | $21.47 | $11.43 | $13.21 | $13.61 | $10.73 |
Total return | 4.19%(B) | 87.79% | (12.87%) | (2.94%) | 26.84% | 14.03% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $2,453,042 | $2,867,373 | $883,508 | $524,670 | $374,452 | $182,402 |
Ratio to average net assets: | ||||||
Net expenses | 1.19%(C) | 1.21%(D) | 1.25%(D) | 1.25% | 1.37% | 1.39% |
Gross expenses | 1.19%(C) | 1.20% | 1.24% | 1.27% | 1.41% | 1.46% |
Net investment income (loss) | (0.62%)(C) | (0.83%) | 0.70% | (0.35%) | (0.63%) | (0.39%) |
Portfolio turnover rate | 11%(B) | 27% | 20% | 31% | 27% | 49% |
(A) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | Net expenses include amounts recouped by the Advisor. |
Touchstone Sands Capital Emerging Markets Growth Fund—Class R6 | |
Selected Data for a Share Outstanding Throughout The Period | |
Period Ended September 30, 2021 (Unaudited)(A) | |
Net asset value at beginning of period | $22.37 |
Income (loss) from investment operations: | |
Net investment loss | (0.01) |
Net realized and unrealized gains on investments | — |
Total from investment operations | (0.01) |
Net asset value at end of period | $22.36 |
Total return | (0.04%)(B) |
Ratios and supplemental data: | |
Net assets at end of period (000's) | $824,489 |
Ratio to average net assets: | |
Net expenses | 1.17%(C) |
Gross expenses | 1.17%(C) |
Net investment loss | (0.60%)(C) |
Portfolio turnover rate | 11%(B) |
(A) | Represents the period from commencement of operations (April 26, 2021) through September 30, 2021. |
(B) | Not annualized. |
(C) | Annualized. |
Touchstone Strategic Income Opportunities Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $3.47 | $3.15 | $3.31 | $3.38 | $3.40 | $3.27 |
Income (loss) from investment operations: | ||||||
Net investment income(A) | 0.05 | 0.10 | 0.11 | 0.13 | 0.11 | 0.10 |
Net realized and unrealized gains (losses) on investments | 0.02 | 0.33 | (0.15) | (0.04) | (0.03) | 0.14 |
Total from investment operations | 0.07 | 0.43 | (0.04) | 0.09 | 0.08 | 0.24 |
Distributions from: | ||||||
Net investment income | (0.05) | (0.11) | (0.12) | (0.16) | (0.10) | (0.11) |
Net asset value at end of period | $3.49 | $3.47 | $3.15 | $3.31 | $3.38 | $3.40 |
Total return(B) | 2.03%(C) | 13.87% | (1.37%) | 2.86% | 2.41% | 7.38% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $212,501 | $173,600 | $143,815 | $153,979 | $196,712 | $163,163 |
Ratio to average net assets: | ||||||
Net expenses | 1.06%(D) | 1.10% | 1.10% | 1.14% | 1.33% | 1.32% |
Gross expenses | 1.24%(D) | 1.37% | 1.37% | 1.37% | 1.33% | 1.32% |
Net investment income | 2.73%(D) | 2.91% | 3.14% | 3.89% | 3.15% | 3.00% |
Portfolio turnover rate | 124%(C)(E) | 111% | 85% | 123% | 149% | 109% |
Touchstone Strategic Income Opportunities Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $3.48 | $3.16 | $3.32 | $3.39 | $3.41 | $3.29 |
Income (loss) from investment operations: | ||||||
Net investment income(A) | 0.03 | 0.08 | 0.08 | 0.11 | 0.09 | 0.08 |
Net realized and unrealized gains (losses) on investments | 0.02 | 0.33 | (0.14) | (0.04) | (0.03) | 0.13 |
Total from investment operations | 0.05 | 0.41 | (0.06) | 0.07 | 0.06 | 0.21 |
Distributions from: | ||||||
Net investment income | (0.03) | (0.09) | (0.10) | (0.14) | (0.08) | (0.09) |
Net asset value at end of period | $3.50 | $3.48 | $3.16 | $3.32 | $3.39 | $3.41 |
Total return(B) | 1.54%(C) | 13.11% | (2.04%) | 2.18% | 1.75% | 6.35% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $61,106 | $39,402 | $49,730 | $52,782 | $71,103 | $128,332 |
Ratio to average net assets: | ||||||
Net expenses | 1.77%(D) | 1.78% | 1.78% | 1.81% | 1.98% | 1.97% |
Gross expenses | 1.98%(D) | 2.05% | 2.05% | 2.04% | 1.98% | 1.97% |
Net investment income | 1.91%(D) | 2.26% | 2.47% | 3.22% | 2.50% | 2.35% |
Portfolio turnover rate | 124%(C)(E) | 111% | 85% | 123% | 149% | 109% |
(A) | The net investment income per share was based on average shares outstanding for the period. |
(B) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Portfolio turnover excludes the purchases and sales of securities of the AIG Flexible Credit Fund acquired on July 16, 2021 (See Note 9 in the Notes to Financial Statements). If these transactions were included, portfolio turnover would have been higher. |
Touchstone Strategic Income Opportunities Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended September 30, 2021 (Unaudited)(A) | Year Ended March 31, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $3.46 | $3.15 | $3.31 | $3.37 | $3.39 | $3.27 |
Income (loss) from investment operations: | ||||||
Net investment income(B) | 0.05 | 0.10 | 0.11 | 0.14 | 0.11 | 0.11 |
Net realized and unrealized gains (losses) on investments | 0.03 | 0.33 | (0.14) | (0.03) | (0.02) | 0.13 |
Total from investment operations | 0.08 | 0.43 | (0.03) | 0.11 | 0.09 | 0.24 |
Distributions from: | ||||||
Net investment income | (0.06) | (0.12) | (0.13) | (0.17) | (0.11) | (0.12) |
Net asset value at end of period | $3.48 | $3.46 | $3.15 | $3.31 | $3.37 | $3.39 |
Total return | 2.18%(C) | 13.77% | (1.16%) | 3.38% | 2.65% | 7.26% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $145,196 | $140,047 | $89,806 | $52,676 | $70,239 | $40,412 |
Ratio to average net assets: | ||||||
Net expenses | 0.83%(D) | 0.90% | 0.91% | 0.94% | 1.14% | 1.14% |
Gross expenses | 1.02%(D) | 1.17% | 1.18% | 1.17% | 1.14% | 1.14% |
Net investment income | 2.96%(D) | 3.08% | 3.28% | 4.06% | 3.34% | 3.20% |
Portfolio turnover rate | 124%(C)(E) | 111% | 85% | 123% | 149% | 109% |
Touchstone Strategic Income Opportunities Fund—Institutional Class | |
Selected Data for a Share Outstanding Throughout The Period | |
Period Ended September 30, 2021 (Unaudited)(F) | |
Net asset value at beginning of period | $3.50 |
Income (loss) from investment operations: | |
Net investment income(B) | 0.03 |
Net realized and unrealized gains (losses) on investments | (0.04) |
Total from investment operations | (0.01) |
Distributions from: | |
Net investment income | (0.02) |
Net asset value at end of period | $3.47 |
Total return | (0.23%)(C) |
Ratios and supplemental data: | |
Net assets at end of period (000's) | $218 |
Ratio to average net assets: | |
Net expenses | 0.65%(D) |
Gross expenses | 11.25%(D) |
Net investment income | 2.05%(D) |
Portfolio turnover rate | 124%(C)(E) |
(A) | Effective July 16, 2021 Class W shares of the AIG Flexible Credit Fund were reorganized into Class Y shares of the Fund. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Not annualized. |
(D) | Annualized. |
(E) | Portfolio turnover excludes the purchases and sales of securities of the AIG Flexible Credit Fund acquired on July 16, 2021 (See Note 9 in the Notes to Financial Statements). If these transactions were included, portfolio turnover would have been higher. |
(F) | Represents the period from commencement of operations (July 19, 2021) through September 30, 2021. |
Touchstone Flexible Income Fund ("Flexible Income Fund”) |
Touchstone Focused Fund ("Focused Fund”) |
Touchstone Global ESG Equity Fund ("Global ESG Equity Fund”) |
Touchstone Growth Opportunities Fund ("Growth Opportunities Fund”) |
Touchstone Mid Cap Growth Fund ("Mid Cap Growth Fund”) |
Touchstone Sands Capital Emerging Markets Growth Fund ("Sands Capital Emerging Markets Growth Fund”) |
Touchstone Strategic Income Opportunities Fund ("Strategic Income Opportunities Fund”) |
Class A | Class C | Class Y | Institutional Class | Class R6 | |
Flexible Income Fund | X | X | X | X | |
Focused Fund | X | X | X | X | |
Global ESG Equity Fund | X | X | X | X | |
Growth Opportunities Fund | X | X | X | X | |
Mid Cap Growth Fund | X | X | X | X | X |
Sands Capital Emerging Markets Growth Fund | X | X | X | X | X |
Strategic Income Opportunities Fund | X | X | X | X |
(1) | market value of investment securities, assets and liabilities at the current rate of exchange on the valuation date; and |
(2) | purchases and sales of investment securities, income, and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. |
Fund | Derivatives not accounted for as hedging instruments under ASC 815 | Realized Gains (Losses) on Derivatives | Change in Unrealized Appreciation (Depreciation) on Derivatives |
Flexible Income Fund | Purchased Options - Equity Contracts* | $(2,823,935) | $— |
Written Options - Equity Contracts** | 1,130,604 | — | |
Swap Agreements - Credit Contracts*** | 1,714 | — | |
Strategic Income Opportunities Fund | Forwards - Foreign Currency Exchange Contracts**** | 289,517 | (564,784) |
* | Statements of Operations Location: Net realized gains (losses) on investments. |
** | Statements of Operations Location: Net realized gains on written options. |
*** | Statements of Operations Location: Net realized gains on swap agreements. |
**** | Statements of Operations Location: Net realized gains on forward foreign currency contracts and net change in unrealized appreciation (depreciation) on forward foreign currency contracts, respectively. |
Flexible Income Fund | Strategic Income Opportunities Fund | |
Equity Contracts: | ||
Purchased Options - Cost* | $— | $— |
Written Options - Premiums received* | — | — |
Credit Contracts: | ||
Credit Default Swaps - Notional value* | — | — |
Forward currency exchange contracts: | ||
U.S. dollar amount delivered | — | 6,439,277 |
Flexible Income Fund | Strategic Income Opportunities Fund | |
U.S. dollar amount received | $— | $10,099,691 |
* | The balance at each quarter end was zero. |
Fund | Security Type | Market Value of Securities Loaned* | Market Value of Collateral Received** | Net Amount*** |
Flexible Income Fund | Investment Funds | $2,441,824 | $2,499,820 | $57,996 |
Global ESG Equity Fund | Common Stocks | 7,747,931 | 10,281,723 | 2,533,792 |
Sands Capital Emerging Markets Growth Fund | Common Stocks | 31,334,938 | 32,858,443 | 1,523,505 |
* | The remaining contractual maturity is overnight for all securities. |
** | Gross amount of recognized liabilities for securities lending included in the Statements of Assets and Liabilities. |
*** | Net amount represents the net amount payable due to the borrower in the event of default. |
Fund | Days Outstanding | Interest Charge | Average Debt Utilized | Weighted Average Interest |
Strategic Income Opportunities Fund | 2 | $22 | $275,000 | 1.46% |
Flexible Income Fund | Focused Fund* | Global ESG Equity Fund | Growth Opportunities Fund* | Mid Cap Growth Fund* | Sands Capital Emerging Markets Growth Fund | Strategic Income Opportunities Fund | |
Purchases of investment securities | $117,653,070 | $62,666,788 | $105,263,032 | $36,779,314 | $383,415,154 | $1,010,715,109 | $347,250,835 |
Proceeds from sales and maturities | $160,267,320 | $66,074,293 | $134,502,181 | $43,959,269 | $369,764,198 | $502,685,895 | $512,945,387 |
* | Focused Fund, Growth Opportunities Fund and Mid Cap Growth Fund had a redemption-in-kind out of the Fund of $19,025,273, $981,452 and $87,114,722, respectively. The redemptions were comprised of securities of $15,272,952, $725,380 and $82,349,366, which are excluded from the proceeds from sales and maturities and cash in the amount of $3,752,321, $256,072 and $4,765,356, for the Focused Fund, Growth Opportunities Fund and Mid Cap Growth Fund, respectively. |
Flexible Income Fund | 0.60% on the first $500 million 0.50% on such assets in excess of $500 million |
Focused Fund | 0.70% on the first $100 million 0.65% on the next $400 million 0.60% on such assets in excess of $500 million |
Global ESG Equity Fund | 0.65% on the first $1 billion 0.60% on such assets in excess of $1 billion |
Growth Opportunities Fund | 0.75% on the first $500 million 0.70% on the next $500 million 0.65% on such assets in excess of $1 billion |
Mid Cap Growth Fund | 0.75% on the first $500 million 0.70% on the next $500 million 0.65% on the next $200 million 0.60% on such assets in excess of $1.2 billion |
Sands Capital Emerging Markets Growth Fund | 1.00% |
Strategic Income Opportunities Fund* | 0.55% on the first $250 million 0.50% on the next $250 million 0.45% on such assets in excess $500 million |
Bramshill Investments, LLC | Sands Capital Management, LLC |
Flexible Income Fund | Sands Capital Emerging Markets Growth Fund |
Fort Washington Investment Advisors, Inc.* | Westfield Capital Management Company, L.P. |
Focused Fund | Growth Opportunities Fund |
Strategic Income Opportunities Fund | Mid Cap Growth Fund |
Rockefeller & Co., LLC | |
Global ESG Equity Fund |
* | Affiliate of the Advisor and wholly-owned subsidiary of Western & Southern. |
Class A | Class C | Class Y | Institutional Class | Class R6 | Termination Date | |
Flexible Income Fund | 1.04% | 1.79% | 0.79% | 0.69% | — | July 29, 2022 |
Focused Fund | 1.20% | 1.95% | 0.95% | 0.83% | — | July 29, 2022 |
Global ESG Equity Fund | 1.17% | 1.99% | 0.90% | 0.89% | — | July 29, 2022 |
Growth Opportunities Fund | 1.24% | 1.99% | 0.99% | 0.89% | — | July 29, 2022 |
Mid Cap Growth Fund | 1.39% | 2.14% | 1.14% | 0.86% | 0.77% | July 29, 2022 |
Sands Capital Emerging Markets Growth Fund | 1.60% | 2.35% | 1.35% | 1.25% | 1.19% | July 29, 2022 |
Strategic Income Opportunities Fund* | 1.00% | 1.71% | 0.75% | 0.65% | — | July 29, 2023 |
* | Effective July 17, 2021. Prior to July 17, 2021, the expense limitation for Class A, B, C and W was 1.40%, 2.05%, 2.05%, and 1.20%, respectively. |
Fund | Investment Advisory Fees Waived | Administration Fees Waived | Other Operating Expenses Reimbursed/ Waived | Total |
Flexible Income Fund | $— | $7,222 | $83,445 | $90,667 |
Focused Fund | — | — | 4,287 | 4,287 |
Global ESG Equity Fund | — | — | 18,044 | 18,044 |
Growth Opportunities Fund | — | 21,613 | 68,155 | 89,768 |
Mid Cap Growth Fund | — | 4,114 | 78,232 | 82,346 |
Sands Capital Emerging Markets Growth Fund | — | — | 2,636 | 2,636 |
Strategic Income Opportunities Fund | — | 8 | 384,155 | 384,163 |
Fund | Expires on or before March 31, 2022 | Expires on or before March 31, 2023 | Expires on or before March 31, 2024 | Expires on or before March 31, 2025 | Total |
Flexible Income Fund | $274,874 | $557,404 | $298,950 | $65,991 | $1,197,219 |
Focused Fund | 12,125 | 22,297 | 15,681 | 4,287 | 54,390 |
Global ESG Equity Fund | 44,987 | 107,012 | 59,632 | 13,509 | 225,140 |
Growth Opportunities Fund | 144,120 | 198,248 | 167,127 | 62,240 | 571,735 |
Mid Cap Growth Fund | — | 3,760 | 38,995 | 82,346 | 125,101 |
Sands Capital Emerging Markets Growth Fund | 5,720 | 25,128 | 3,514 | — | 34,362 |
Strategic Income Opportunities Fund | — | — | — | 41,425 | 41,425 |
Fund | Amount |
Flexible Income Fund | $ 2,726 |
Focused Fund | 3,328 |
Global ESG Equity Fund | 7,487 |
Growth Opportunities Fund | 4,097 |
Mid Cap Growth Fund | 16,061 |
Sands Capital Emerging Markets Growth Fund | 3,617 |
Strategic Income Opportunities Fund* | 588 |
* | For the period July 17, 2021 to September 30, 2021. For the period April 1, 2021 to July 16, 2021, the Former Distributor earned $4,633 on the sale of Class A shares. |
Fund | Class A | Class C |
Flexible Income Fund | $ 60 | $ 86 |
Focused Fund | — | 24 |
Global ESG Equity Fund | — | 5 |
Mid Cap Growth Fund | — | 52 |
Strategic Income Opportunities Fund* | — | 5 |
* | For the period July 17, 2021 to September 30, 2021. For the period April 1, 2021 to July 16, 2021, the Former Distributor collected CDSC of $15,451, $6,091, and $561 on the redemption of Class A shares, Class B shares, and Class C shares, respectively. |
Fund | Shares ReFlow Subscribed to | Redemptions-in-kind |
Focused Fund | 338,306 | $ 15,272,952 |
Growth Opportunities Fund | 20,910 | 725,380 |
Mid Cap Growth Fund | 1,998,672 | 82,349,366 |
Flexible Income Fund | Focused Fund | Global ESG Equity Fund | ||||
Year Ended March 31, 2021 | Year Ended March 31, 2020 | Year Ended March 31, 2021 | Year Ended March 31, 2020 | Year Ended March 31, 2021 | Year Ended March 31, 2020 | |
From ordinary income | $34,746,000 | $24,652,668 | $2,666,017 | $5,500,849 | $2,593,278 | $5,563,150 |
From long-term capital gains | — | — | 55,000,033 | 55,397,876 | — | 11,203,902 |
Total distributions | $34,746,000 | $24,652,668 | $57,666,050 | $60,898,725 | $2,593,278 | $16,767,052 |
Growth Opportunities Fund | Mid Cap Growth Fund | Sands Capital Emerging Markets Growth Fund | ||||
Year Ended March 31, 2021 | Year Ended March 31, 2020 | Year Ended March 31, 2021 | Year Ended March 31, 2020 | Year Ended March 31, 2021 | Year Ended March 31, 2020 | |
From ordinary income | $4,515,690 | $8,130,533 | $— | $20,234,815 | $— | $9,496,797 |
From long-term capital gains | 10,308,626 | 12,343,538 | 92,749,221 | 67,373,035 | — | — |
Total distributions | $14,824,316 | $20,474,071 | $92,749,221 | $87,607,850 | $— | $9,496,797 |
Strategic Income Opportunities Fund | ||
Year Ended March 31, 2021 | Year Ended March 31, 2020 | |
From ordinary income | $11,298,705 | $10,676,277 |
Total distributions | $11,298,705 | $10,676,277 |
Flexible Income Fund | Focused Fund | Global ESG Equity Fund | |
Tax cost of portfolio investments | $742,516,776 | $618,346,958 | $504,237,667 |
Gross unrealized appreciation on investments | 27,137,096 | 538,153,106 | 219,483,844 |
Gross unrealized depreciation on investments | (8,311,764) | (7,781,538) | (22,933,751) |
Net unrealized appreciation (depreciation) on investments | 18,825,332 | 530,371,568 | 196,550,093 |
Gross unrealized appreciation on foreign currency transactions | — | — | 5,759 |
Gross unrealized depreciation on foreign currency transactions | — | — | (11,843) |
Net unrealized appreciation (depreciation) on foreign currency transactions | — | — | (6,084) |
Capital loss carryforwards | (4,468,859) | — | — |
Undistributed ordinary income | 803,896 | 4,199,079 | 7,961,194 |
Undistributed capital gains | — | 33,253,911 | 31,319,341 |
Accumulated earnings (deficit) | $15,160,369 | $567,824,558 | $235,824,544 |
Growth Opportunities Fund | Mid Cap Growth Fund | Sands Capital Emerging Markets Growth Fund | Strategic Income Opportunities Fund | |
Tax cost of portfolio investments | $92,231,897 | $946,265,618 | $3,156,686,646 | $373,316,567 |
Gross unrealized appreciation on investments | 70,098,104 | 441,371,400 | 1,282,627,392 | 10,919,372 |
Gross unrealized depreciation on investments | (1,170,615) | (16,091,650) | (72,917,715) | (9,448,031) |
Net unrealized appreciation (depreciation) on investments | 68,927,489 | 425,279,750 | 1,209,709,677 | 1,471,341 |
Gross unrealized depreciation on foreign currency transactions and deferred foreign capital gains tax | — | — | (25,626,170) | (2,127) |
Net unrealized appreciation (depreciation) on foreign currency transactions and deferred foreign capital gains tax | — | — | (25,626,170) | (2,127) |
Capital loss carryforwards | — | — | (17,045,819) | (23,749,539) |
Late year ordinary losses deferrals | — | — | (9,956,415) | — |
Undistributed ordinary income | 6,364,461 | 55,250,316 | — | 559,976 |
Undistributed capital gains | 10,758,420 | 55,206,354 | — | — |
Other temporary differences | — | — | — | (126,455) |
Accumulated earnings (deficit) | $86,050,370 | $535,736,420 | $1,157,081,273 | $(21,846,804) |
Fund | No Expiration Short Term | No Expiration Long Term | Total |
Flexible Income Fund | $ — | $ 4,468,859 | $ 4,468,859 |
Sands Capital Emerging Markets Growth Fund | — | 17,045,819 | 17,045,819 |
Strategic Income Opportunities Fund | — | 23,749,539 | 23,749,539 |
Fund | Federal Tax Cost | Gross Unrealized Appreciation on Investments | Gross Unrealized Depreciation on Investments | Gross Unrealized Appreciation on Other* | Gross Unrealized Depreciation on Other* | Net Unrealized Appreciation (Depreciation) |
Flexible Income Fund | $867,432,845 | $36,487,287 | $(8,900,182) | $— | $— | $27,587,105 |
Focused Fund | 658,744,214 | 595,462,916 | (9,711,031) | — | — | 585,751,885 |
Global ESG Equity Fund | 507,846,044 | 206,395,196 | (20,960,006) | 12,629 | (3,963) | 185,443,856 |
Growth Opportunities Fund | 98,315,050 | 78,473,254 | (1,942,766) | — | — | 76,530,488 |
Mid Cap Growth Fund | 994,528,246 | 476,965,506 | (29,556,760) | — | — | 447,408,746 |
Sands Capital Emerging Markets Growth Fund | 3,643,516,223 | 1,717,116,089 | (178,856,549) | 4,264 | (63,756,132) | 1,474,507,672 |
Strategic Income Opportunities Fund | 418,137,140 | 2,556,109 | (4,580,428) | — | — | (2,024,319) |
* | Other includes Foreign Currency Transactions and deferred foreign capital gain tax. |
Before Reorganization | After Reorganization | ||
AIG Flexible Credit Fund | AIG Strategic Bond Fund | Touchstone Strategic Income Opportunities Fund | |
Class A | |||
Shares | 23,288,989(A) | 46,882,190 | 73,850,329 |
Net Assets | $82,014,099 | $165,102,430 | $260,073,020 |
Net Asset Value | $3.52(A) | $3.52 | $3.52 |
Class B* | |||
Shares | — | 3,679,150(D) | $— |
Net Assets | $— | $12,956,491 | $— |
Net Asset Value | $— | $3.52 | $— |
Class C | |||
Shares | 9,310,842(B) | 10,069,753 | 19,380,595 |
Net Assets | $32,869,573 | $35,547,801 | $68,417,374 |
Net Asset Value | $3.53(B) | $3.53 | $3.53 |
Class Y** | |||
Shares | 26,820,573(C) | 29,268,862 | 56,089,435 |
Net Assets | $94,266,176 | $102,869,883 | $197,136,059 |
Net Asset Value | $3.51(C) | $3.51 | $3.51 |
Fund Total | |||
Shares Outstanding | 59,420,404 | 89,899,955 | 149,320,359 |
Net Assets | $209,149,848 | $316,476,605 | $525,626,453 |
Unrealized Appreciation (Depreciation) | $3,945,895 | $7,671,871 | $11,617,766 |
Net investment income | $8,186,872 |
Net realized and unrealized gain(loss) on investments | $1,119,601 |
Net increase in net assets resulting from operations | $9,306,473 |
Net Expense Ratio Annualized September 30, 2021 | Beginning Account Value April 1, 2021 | Ending Account Value September 30, 2021 | Expenses Paid During the Six Months Ended September 30, 2021* | ||
Flexible Income Fund | |||||
Class A | Actual | 1.04% | $1,000.00 | $1,029.20 | $5.29 |
Class A | Hypothetical | 1.04% | $1,000.00 | $1,019.85 | $5.27 |
Class C | Actual | 1.79% | $1,000.00 | $1,024.90 | $9.09 |
Class C | Hypothetical | 1.79% | $1,000.00 | $1,016.09 | $9.05 |
Class Y | Actual | 0.79% | $1,000.00 | $1,030.40 | $4.02 |
Net Expense Ratio Annualized September 30, 2021 | Beginning Account Value April 1, 2021 | Ending Account Value September 30, 2021 | Expenses Paid During the Six Months Ended September 30, 2021* | ||
Class Y | Hypothetical | 0.79% | $1,000.00 | $1,021.11 | $4.00 |
Institutional Class | Actual | 0.69% | $1,000.00 | $1,031.00 | $3.51 |
Institutional Class | Hypothetical | 0.69% | $1,000.00 | $1,021.61 | $3.50 |
Focused Fund | |||||
Class A | Actual | 1.16% | $1,000.00 | $1,080.10 | $6.05** |
Class A | Hypothetical | 1.16% | $1,000.00 | $1,019.25 | $5.87** |
Class C | Actual | 1.93% | $1,000.00 | $1,076.20 | $10.05** |
Class C | Hypothetical | 1.93% | $1,000.00 | $1,015.39 | $9.75** |
Class Y | Actual | 0.87% | $1,000.00 | $1,081.70 | $4.54** |
Class Y | Hypothetical | 0.87% | $1,000.00 | $1,020.71 | $4.41** |
Institutional Class | Actual | 0.84% | $1,000.00 | $1,081.90 | $4.38** |
Institutional Class | Hypothetical | 0.84% | $1,000.00 | $1,020.86 | $4.26** |
Global ESG Equity Fund | |||||
Class A | Actual | 1.15% | $1,000.00 | $1,022.60 | $5.83 |
Class A | Hypothetical | 1.15% | $1,000.00 | $1,019.30 | $5.82 |
Class C | Actual | 1.99% | $1,000.00 | $1,018.50 | $10.07 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,015.09 | $10.05 |
Class Y | Actual | 0.90% | $1,000.00 | $1,023.90 | $4.57 |
Class Y | Hypothetical | 0.90% | $1,000.00 | $1,020.56 | $4.56 |
Institutional Class | Actual | 0.89% | $1,000.00 | $1,024.30 | $4.52 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.61 | $4.51 |
Growth Opportunities Fund | |||||
Class A | Actual | 1.24% | $1,000.00 | $1,098.60 | $6.52 |
Class A | Hypothetical | 1.24% | $1,000.00 | $1,018.85 | $6.28 |
Class C | Actual | 1.99% | $1,000.00 | $1,094.50 | $10.45 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,015.09 | $10.05 |
Class Y | Actual | 0.99% | $1,000.00 | $1,100.10 | $5.21 |
Class Y | Hypothetical | 0.99% | $1,000.00 | $1,020.10 | $5.01 |
Institutional Class | Actual | 0.89% | $1,000.00 | $1,100.50 | $4.69 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.61 | $4.51 |
Mid Cap Growth Fund | |||||
Class A | Actual | 1.21% | $1,000.00 | $1,116.70 | $6.42*** |
Class A | Hypothetical | 1.21% | $1,000.00 | $1,019.00 | $6.12*** |
Class C | Actual | 2.06% | $1,000.00 | $1,111.60 | $10.90*** |
Class C | Hypothetical | 2.06% | $1,000.00 | $1,014.74 | $10.40*** |
Class Y | Actual | 0.98% | $1,000.00 | $1,118.00 | $5.20*** |
Class Y | Hypothetical | 0.98% | $1,000.00 | $1,020.16 | $4.96*** |
Institutional Class | Actual | 0.88% | $1,000.00 | $1,118.50 | $4.67*** |
Institutional Class | Hypothetical | 0.88% | $1,000.00 | $1,020.66 | $4.46*** |
Class R6 | Actual | 0.79% | $1,000.00 | $1,119.20 | $4.20*** |
Class R6 | Hypothetical | 0.79% | $1,000.00 | $1,021.11 | $4.00*** |
Sands Capital Emerging Markets Growth Fund | |||||
Class A | Actual | 1.60% | $1,000.00 | $1,039.50 | $8.18 |
Class A | Hypothetical | 1.60% | $1,000.00 | $1,017.05 | $8.09 |
Class C | Actual | 2.35% | $1,000.00 | $1,035.40 | $11.99 |
Class C | Hypothetical | 2.35% | $1,000.00 | $1,013.29 | $11.86 |
Class Y | Actual | 1.25% | $1,000.00 | $1,041.70 | $6.40 |
Class Y | Hypothetical | 1.25% | $1,000.00 | $1,018.80 | $6.33 |
Institutional Class | Actual | 1.19% | $1,000.00 | $1,041.90 | $6.09 |
Institutional Class | Hypothetical | 1.19% | $1,000.00 | $1,019.10 | $6.02 |
Class R6**** | Actual | 1.17% | $1,000.00 | $999.60 | $5.03 |
Class R6**** | Hypothetical | 1.17% | $1,000.00 | $1,019.20 | $5.08 |
Strategic Income Opportunities Fund | |||||
Class A | Actual | 1.06% | $1,000.00 | $1,020.30 | $5.37 |
Class A | Hypothetical | 1.06% | $1,000.00 | $1,019.75 | $5.37 |
Class C | Actual | 1.77% | $1,000.00 | $1,015.40 | $8.94 |
Class C | Hypothetical | 1.77% | $1,000.00 | $1,016.19 | $8.95 |
Class Y | Actual | 0.83% | $1,000.00 | $1,021.80 | $4.21 |
Net Expense Ratio Annualized September 30, 2021 | Beginning Account Value April 1, 2021 | Ending Account Value September 30, 2021 | Expenses Paid During the Six Months Ended September 30, 2021* | ||
Class Y | Hypothetical | 0.83% | $1,000.00 | $1,020.91 | $4.20 |
Institutional Class***** | Actual | 0.65% | $1,000.00 | $997.70 | $1.30 |
Institutional Class***** | Hypothetical | 0.65% | $1,000.00 | $1,021.81 | $1.31 |
* | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect one-half year period). |
** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $6.00, $9.99, $4.49 and $4.33, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.82, $9.70, $4.36 and $4.20, respectively. |
*** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $6.31, $10.80, $5.10, $4.57 and $4.09, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $6.02, $10.30, $4.86, $4.36 and $3.90, respectively. |
**** | Represents the period from commencement of operations (April 26, 2021) through September 30, 2021. Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 157/365. |
***** | Represents the period from commencement of operations (July 19, 2021) through September 30, 2021. Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 73/365. |
303 Broadway
Cincinnati, Ohio 45202-4203
800.638.8194
www.touchstoneinvestments.com
303 Broadway
Cincinnati, Ohio 45202-4203
4400 Computer Drive
Westborough, Massachusetts 01581
(b) | Not applicable. |
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1(a) of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | Not applicable. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(2)(2) | Letter from former accountant pursuant to Item 304(a) under Regulation S-K is attached hereto. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | Touchstone Strategic Trust |
By (Signature and Title)* | /s/ E. Blake Moore Jr. | |
E. Blake Moore Jr., President | ||
(principal executive officer) |
Date | November 30, 2021 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By (Signature and Title)* | /s/ E. Blake Moore Jr. | |
E. Blake Moore Jr., President | ||
(principal executive officer) |
Date | November 30, 2021 |
By (Signature and Title)* | /s/ Terrie A. Wiedenheft | |
Terrie A. Wiedenheft, Controller and Treasurer | ||
(principal financial officer) |
Date | November 30, 2021 |
* Print the name and title of each signing officer under his or her signature.