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 - June 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: June 30
Date of reporting period: December 31, 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 Balanced Fund |
Touchstone Core Municipal Bond Fund (formerly known as Touchstone Ohio Tax-Free Bond Fund) |
Touchstone International Equity Fund |
Touchstone International Growth Fund |
Touchstone Large Cap Focused Fund |
Touchstone Large Cap Fund |
Touchstone Large Company Growth Fund |
Touchstone Small Company Fund |
Touchstone Value Fund |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 54.2% |
AA/Aa | 8.8 |
A/A | 12.3 |
BBB/Baa | 22.3 |
BB/Ba | 1.2 |
B/B | 0.7 |
Not Rated | 0.5 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Common Stocks | |
Information Technology | 17.0% |
Communication Services | 11.3 |
Health Care | 9.0 |
Financials | 7.5 |
Industrials | 6.0 |
Consumer Discretionary | 5.9 |
Consumer Staples | 2.5 |
Real Estate | 1.6 |
Energy | 1.4 |
Materials | 0.9 |
Fixed Income Securities | 33.2 |
Exchange-Traded Fund | 1.5 |
Short-Term Investment Funds | 2.1 |
Other Assets/Liabilities (Net) | 0.1 |
Total | 100.0% |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 6.1% |
AA/Aa | 56.2 |
A/A | 28.1 |
BBB/Baa | 4.3 |
Not Rated | 2.9 |
Cash Equivalents | 2.4 |
Total | 100.0% |
Portfolio Allocation(% of Net Assets) | |
Fixed Rate Revenue Bonds | 69.0% |
General Obligation Bonds | 19.1 |
Pre-refunded/Escrowed to Maturity | 5.0 |
Variable Rate Demand Notes | 4.2 |
Short-Term Investment Fund | 2.8 |
Other Assets/Liabilities (Net) | (0.1) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
France | 14.9% |
Switzerland | 14.0 |
United Kingdom | 12.3 |
Japan | 11.0 |
Germany | 9.7 |
Mexico | 7.9 |
South Korea | 3.5 |
Canada | 3.4 |
Greece | 2.9 |
Hong Kong | 2.8 |
United States | 2.7 |
India | 2.6 |
China | 2.0 |
Brazil | 1.8 |
Tanzania | 1.7 |
Spain | 1.2 |
Norway | 1.2 |
Exchange-Traded Fund | 2.7 |
Short-Term Investment Funds | 2.5 |
Other Assets/Liabilities (Net) | (0.8) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
France | 15.4% |
India | 10.3 |
Canada | 9.9 |
United Kingdom | 9.2 |
United States | 7.2 |
Switzerland | 7.0 |
Israel | 5.3 |
China | 5.3 |
Germany | 5.1 |
Japan | 4.1 |
Sweden | 3.9 |
Taiwan | 3.7 |
South Korea | 3.4 |
Singapore | 3.2 |
Italy | 2.9 |
Spain | 1.6 |
Thailand | 1.5 |
Denmark | 1.1 |
Short-Term Investment Fund | 0.2 |
Other Assets/Liabilities (Net) | (0.3) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 27.1% |
Communication Services | 17.7 |
Health Care | 13.0 |
Financials | 10.9 |
Consumer Discretionary | 9.5 |
Industrials | 8.4 |
Consumer Staples | 3.4 |
Real Estate | 2.7 |
Energy | 1.9 |
Materials | 1.5 |
Short-Term Investment Fund | 3.9 |
Other Assets/Liabilities (Net) | (0.0) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 18.8% |
Financials | 16.3 |
Consumer Discretionary | 13.6 |
Communication Services | 12.9 |
Consumer Staples | 10.1 |
Industrials | 9.6 |
Materials | 9.0 |
Health Care | 5.1 |
Real Estate | 3.3 |
Short-Term Investment Fund | 1.5 |
Other Assets/Liabilities (Net) | (0.2) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 43.7% |
Communication Services | 22.5 |
Health Care | 8.4 |
Consumer Discretionary | 7.9 |
Financials | 7.6 |
Consumer Staples | 4.4 |
Materials | 2.3 |
Industrials | 2.1 |
Short-Term Investment Fund | 1.2 |
Other Assets/Liabilities (Net) | (0.1) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Consumer Discretionary | 19.4% |
Industrials | 18.0 |
Health Care | 16.9 |
Information Technology | 16.5 |
Financials | 12.9 |
Real Estate | 5.9 |
Materials | 5.4 |
Communication Services | 3.8 |
Consumer Staples | 0.1 |
Short-Term Investment Fund | 1.7 |
Other Assets/Liabilities (Net) | (0.6) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Financials | 18.1% |
Consumer Discretionary | 16.4 |
Health Care | 14.3 |
Industrials | 12.1 |
Materials | 10.0 |
Information Technology | 8.5 |
Energy | 8.2 |
Communication Services | 5.5 |
Real Estate | 2.0 |
Consumer Staples | 1.9 |
Utilities | 1.4 |
Short-Term Investment Fund | 1.5 |
Other Assets/Liabilities (Net) | 0.1 |
Total | 100.0% |
Shares | Market Value | |||
Common Stocks — 63.1% | ||||
Information Technology — 17.0% | ||||
11,242 | Accenture PLC - Class A | $ 4,660,371 | ||
213,221 | Apple, Inc. | 37,861,653 | ||
54,320 | International Business Machines Corp. | 7,260,411 | ||
154,402 | Microsoft Corp. | 51,928,481 | ||
133,039 | Oracle Corp. | 11,602,331 | ||
59,669 | salesforce.com, Inc.* | 15,163,683 | ||
93,878 | SS&C Technologies Holdings, Inc. | 7,696,118 | ||
60,000 | Texas Instruments, Inc. | 11,308,200 | ||
50,888 | Visa, Inc. - Class A | 11,027,939 | ||
32,619 | Workday, Inc. - Class A* | 8,910,858 | ||
167,420,045 | ||||
Communication Services — 11.3% | ||||
13,875 | Alphabet, Inc. - Class C* | 40,148,561 | ||
184,897 | AT&T, Inc. | 4,548,466 | ||
220,706 | Comcast Corp. - Class A | 11,108,133 | ||
147,081 | Fox Corp. - Class A | 5,427,289 | ||
102,119 | Meta Platforms, Inc. - Class A* | 34,347,726 | ||
17,450 | Netflix, Inc.* | 10,512,578 | ||
31,985 | Walt Disney Co. (The)* | 4,954,157 | ||
111,046,910 | ||||
Health Care — 9.0% | ||||
5,751 | Alcon, Inc. (Switzerland) | 501,027 | ||
66,655 | AmerisourceBergen Corp. | 8,857,783 | ||
13,000 | Becton Dickinson & Co. | 3,269,240 | ||
94,281 | BioMarin Pharmaceutical, Inc.* | 8,329,726 | ||
229,475 | Bristol-Myers Squibb Co. | 14,307,766 | ||
10,000 | CVS Health Corp. | 1,031,600 | ||
48,704 | HCA Healthcare, Inc. | 12,513,032 | ||
94,799 | Johnson & Johnson | 16,217,265 | ||
31,591 | Merck & Co., Inc. | 2,421,134 | ||
10,047 | Stryker Corp. | 2,686,769 | ||
37,355 | UnitedHealth Group, Inc. | 18,757,440 | ||
88,892,782 | ||||
Financials — 7.5% | ||||
20,384 | American Express Co. | 3,334,823 | ||
226,643 | Bank of America Corp. | 10,083,347 | ||
77,164 | Berkshire Hathaway, Inc. - Class B* | 23,072,036 | ||
10,160 | CME Group, Inc. | 2,321,154 | ||
47,404 | Goldman Sachs Group, Inc. (The) | 18,134,400 | ||
39,000 | JPMorgan Chase & Co. | 6,175,650 | ||
34,473 | Signature Bank | 11,150,981 | ||
74,272,391 | ||||
Industrials — 6.0% | ||||
10,646 | Boeing Co. (The)* | 2,143,253 | ||
23,439 | Deere & Co. | 8,036,999 | ||
17,319 | FedEx Corp. | 4,479,386 | ||
26,682 | Honeywell International, Inc. | 5,563,464 | ||
57,917 | Hubbell, Inc. | 12,062,373 | ||
25,198 | Parker-Hannifin Corp. | 8,015,988 | ||
172,025 | Raytheon Technologies Corp. | 14,804,471 | ||
96,993 | Southwest Airlines Co.* | 4,155,180 | ||
59,261,114 | ||||
Consumer Discretionary — 5.9% | ||||
27,284 | Airbnb, Inc. - Class A* | 4,542,513 | ||
35,598 | Alibaba Group Holding Ltd. (China) ADR* | 4,228,687 | ||
8,860 | Amazon.com, Inc.* | 29,542,252 | ||
101,636 | Hilton Worldwide Holdings, Inc.* | 15,854,200 | ||
34,936 | Starbucks Corp. | 4,086,464 | ||
58,254,116 |
Shares | Market Value | |||
Consumer Staples — 2.5% | ||||
110,390 | Monster Beverage Corp.* | $ 10,601,856 | ||
8,485 | PepsiCo, Inc. | 1,473,929 | ||
106,067 | Philip Morris International, Inc. | 10,076,365 | ||
12,856 | Procter & Gamble Co. (The) | 2,102,984 | ||
24,255,134 | ||||
Real Estate — 1.6% | ||||
60,625 | Jones Lang LaSalle, Inc.* | 16,328,738 | ||
Energy — 1.4% | ||||
20,000 | Chevron Corp. | 2,347,000 | ||
111,879 | Exxon Mobil Corp. | 6,845,876 | ||
146,582 | Schlumberger NV | 4,390,131 | ||
13,583,007 | ||||
Materials — 0.9% | ||||
108,662 | DuPont de Nemours, Inc. | 8,777,716 | ||
Total Common Stocks | $622,091,953 |
Principal Amount | ||||
U.S. Treasury Obligations — 12.5% | ||||
$ 29,490,000 | U.S. Treasury Bond, 1.750%, 8/15/41 | 28,683,633 | ||
6,342,000 | U.S. Treasury Bond, 1.875%, 2/15/41 | 6,297,160 | ||
33,490,000 | U.S. Treasury Note, 0.125%, 4/30/23 | 33,312,084 | ||
7,610,000 | U.S. Treasury Note, 0.250%, 10/31/25 | 7,358,216 | ||
36,680,000 | U.S. Treasury Note, 0.750%, 5/31/26 | 35,946,400 | ||
137,000 | U.S. Treasury Note, 1.250%, 8/15/31 | 134,110 | ||
11,802,000 | U.S. Treasury Note, 1.625%, 5/15/31 | 11,964,278 | ||
Total U.S. Treasury Obligations | $123,695,881 | |||
Corporate Bonds — 11.5% | ||||
Financials — 3.2% | ||||
1,300,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 2.450%, 10/29/26 | 1,311,521 | ||
1,009,000 | Allstate Corp. (The), 1.450%, 12/15/30 | 954,954 | ||
2,116,421 | American Financial Group, Inc., 5.250%, 4/2/30 | 2,524,171 | ||
876,000 | Ares Capital Corp., 3.250%, 7/15/25 | 905,101 | ||
511,000 | Bank of America Corp., 2.687%, 4/22/32 | 519,162 | ||
804,000 | Bank of America Corp., 3.705%, 4/24/28 | 873,083 | ||
1,212,000 | Bank of America Corp., MTN, 4.000%, 1/22/25 | 1,294,807 | ||
884,000 | Bank of Montreal (Canada), 3.803%, 12/15/32 | 948,841 | ||
1,216,000 | Bank of Nova Scotia (The) (Canada), Ser 2, 3.625%, 10/27/81 | 1,174,706 | ||
555,000 | Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | 683,857 | ||
661,000 | BNP Paribas SA (France), 144a, 4.625%, 3/13/27 | 733,130 | ||
1,409,000 | Charles Schwab Corp. (The), 1.150%, 5/13/26 | 1,390,786 | ||
868,000 | Citigroup, Inc., 0.981%, 5/1/25 | 861,314 | ||
747,000 | Citigroup, Inc., 3.200%, 10/21/26 | 792,029 | ||
446,000 | Citigroup, Inc., 4.750%, 5/18/46 | 550,172 | ||
914,000 | Cooperatieve Rabobank UA (Netherlands), 144a, 1.106%, 2/24/27 | 887,249 | ||
1,177,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.726%, 2/15/27(A) | 1,144,866 | ||
850,000 | Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | 857,074 | ||
720,000 | Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | 775,832 | ||
758,000 | HSBC Holdings PLC (United Kingdom), 3.900%, 5/25/26 | 817,911 | ||
1,255,000 | Huntington Bancshares, Inc., 2.550%, 2/4/30 | 1,275,283 | ||
936,000 | JPMorgan Chase & Co., 2.956%, 5/13/31 | 970,097 | ||
963,000 | JPMorgan Chase & Co., 3.509%, 1/23/29 | 1,032,382 | ||
942,000 | Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28 | 1,006,765 | ||
1,225,000 | Mastercard, Inc., 2.000%, 11/18/31 | 1,222,754 |
Principal Amount | MarketValue | |||
Corporate Bonds — 11.5% (Continued) | ||||
Financials — (Continued) | ||||
$ 1,066,000 | Morgan Stanley, 3.950%, 4/23/27 | $ 1,172,847 | ||
824,000 | Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | �� 932,029 | ||
370,000 | PNC Bank NA, 2.700%, 11/1/22 | 376,171 | ||
1,117,000 | PNC Capital Trust, (3M LIBOR +0.570%), 0.741%, 6/1/28(A) | 1,086,689 | ||
984,000 | Toronto-Dominion Bank (The) (Canada), MTN, 1.150%, 6/12/25† | 976,152 | ||
1,554,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 0.820%, 5/15/27(A) | 1,511,147 | ||
380,000 | Truist Financial Corp., MTN, 2.850%, 10/26/24 | 397,155 | ||
63,000 | Wells Fargo & Co., MTN, 4.100%, 6/3/26 | 68,700 | ||
32,028,737 | ||||
Industrials — 1.1% | ||||
804,000 | Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | 807,682 | ||
240,000 | Boeing Co. (The), 5.040%, 5/1/27 | 270,402 | ||
321,000 | Boeing Co. (The), 5.805%, 5/1/50 | 436,080 | ||
947,000 | Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | 1,317,749 | ||
1,180,000 | CNH Industrial Capital LLC, 1.450%, 7/15/26 | 1,155,366 | ||
635,000 | FedEx Corp., 5.100%, 1/15/44 | 807,533 | ||
917,000 | John Deere Capital Corp., MTN, 2.450%, 1/9/30 | 945,434 | ||
793,000 | Norfolk Southern Corp., 4.837%, 10/1/41 | 1,001,876 | ||
846,000 | Roper Technologies, Inc., 2.950%, 9/15/29 | 875,816 | ||
1,689,000 | Waste Management, Inc., 2.500%, 11/15/50 | 1,613,503 | ||
1,364,000 | Weir Group PLC (The) (United Kingdom), 144a, 2.200%, 5/13/26 | 1,345,692 | ||
10,577,133 | ||||
Communication Services — 1.0% | ||||
362,000 | Alphabet, Inc., 1.900%, 8/15/40 | 330,705 | ||
856,000 | AT&T, Inc., 3.850%, 6/1/60 | 897,872 | ||
462,000 | AT&T, Inc., 4.500%, 5/15/35 | 534,436 | ||
1,158,000 | British Telecommunications PLC (United Kingdom), 144a, 3.250%, 11/8/29 | 1,184,813 | ||
633,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | 866,840 | ||
739,000 | Comcast Corp., 4.000%, 3/1/48 | 854,161 | ||
335,000 | Deutsche Telekom International Finance BV (Germany), 8.750%, 6/15/30 | 487,213 | ||
927,000 | Netflix, Inc., 144a, 4.875%, 6/15/30 | 1,081,114 | ||
1,007,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | 1,102,791 | ||
1,403,000 | Verizon Communications, Inc., 2.987%, 10/30/56 | 1,333,846 | ||
635,000 | ViacomCBS, Inc., 4.950%, 5/19/50 | 812,224 | ||
9,486,015 | ||||
Information Technology — 1.0% | ||||
1,513,000 | Apple, Inc., 2.750%, 1/13/25 | 1,581,207 | ||
619,000 | Apple, Inc., 4.650%, 2/23/46 | 814,537 | ||
1,070,000 | Broadcom, Inc., 4.150%, 11/15/30 | 1,187,885 | ||
903,000 | Fiserv, Inc., 3.500%, 7/1/29 | 971,981 | ||
1,136,000 | Microchip Technology, Inc., 144a, 0.983%, 9/1/24 | 1,115,364 | ||
476,000 | Microsoft Corp., 3.500%, 2/12/35 | 544,652 | ||
974,000 | NXP BV / NXP Funding LLC (China), 144a, 5.350%, 3/1/26 | 1,100,949 | ||
590,000 | Oracle Corp., 2.650%, 7/15/26 | 606,659 | ||
673,000 | Visa, Inc., 4.150%, 12/14/35 | 806,575 | ||
683,000 | VMware, Inc., 1.400%, 8/15/26 | 671,633 | ||
9,401,442 | ||||
Utilities — 0.9% | ||||
579,000 | American Water Capital Corp., 6.593%, 10/15/37 | 836,932 |
Principal Amount | MarketValue | |||
Utilities — (Continued) | ||||
$ 1,127,000 | Cleveland Electric Illuminating Co. (The), 144a, 4.550%, 11/15/30 | $ 1,294,795 | ||
536,000 | Duke Energy Progress LLC, 4.150%, 12/1/44 | 631,577 | ||
538,000 | Edison International, 4.125%, 3/15/28 | 568,239 | ||
879,000 | Electricite de France SA (France), 144a, 4.875%, 9/21/38 | 1,065,806 | ||
1,111,000 | Ohio Power Co., 2.900%, 10/1/51 | 1,075,681 | ||
971,000 | Pacific Gas and Electric Co., 3.500%, 8/1/50 | 902,577 | ||
789,000 | PacifiCorp., 5.750%, 4/1/37 | 1,040,330 | ||
1,615,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 2.268%, 5/15/67(A) | 1,499,931 | ||
8,915,868 | ||||
Energy — 0.9% | ||||
801,000 | Aker BP ASA (Norway), 144a, 3.000%, 1/15/25 | 830,408 | ||
712,000 | Boardwalk Pipelines LP, 4.800%, 5/3/29 | 798,052 | ||
613,000 | Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38 | 808,294 | ||
635,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | 751,879 | ||
1,004,000 | Cheniere Energy Partners LP, 144a, 3.250%, 1/31/32 | 1,014,040 | ||
662,000 | Continental Resources, Inc., 144a, 5.750%, 1/15/31 | 779,584 | ||
754,000 | Energy Transfer LP, 4.150%, 9/15/29 | 807,333 | ||
621,000 | MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | 618,206 | ||
810,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | 1,136,336 | ||
605,000 | Ovintiv Exploration, Inc., 5.375%, 1/1/26 | 670,423 | ||
663,000 | Petroleos Mexicanos (Mexico), 6.625%, 6/15/35 | 637,007 | ||
8,851,562 | ||||
Health Care — 0.9% | ||||
827,000 | AbbVie, Inc., 4.450%, 5/14/46 | 1,003,315 | ||
725,000 | Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49 | 810,191 | ||
798,000 | Becton Dickinson and Co., 4.685%, 12/15/44 | 1,004,347 | ||
679,000 | Bristol-Myers Squibb Co., 5.000%, 8/15/45 | 904,774 | ||
784,000 | CommonSpirit Health, 4.187%, 10/1/49 | 915,399 | ||
733,000 | CVS Health Corp., 5.125%, 7/20/45 | 955,687 | ||
904,000 | DH Europe Finance II Sarl, 3.250%, 11/15/39 | 967,583 | ||
725,000 | Mylan, Inc., 4.550%, 4/15/28 | 812,108 | ||
930,000 | UnitedHealth Group, Inc., 3.500%, 8/15/39 | 1,033,852 | ||
8,407,256 | ||||
Consumer Staples — 0.8% | ||||
1,077,000 | 7-Eleven, Inc., 144a, 0.950%, 2/10/26 | 1,043,438 | ||
1,164,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | 1,475,781 | ||
1,077,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 4.250%, 7/21/25 | 1,156,787 | ||
1,240,000 | JBS Finance Luxembourg Sarl, 144a, 2.500%, 1/15/27 | 1,226,062 | ||
321,000 | Kroger Co. (The), 5.000%, 4/15/42 | 408,421 | ||
908,000 | Mars, Inc., 144a, 3.875%, 4/1/39 | 1,052,208 | ||
1,374,000 | Reynolds American, Inc. (United Kingdom), 4.450%, 6/12/25 | 1,483,554 | ||
517,000 | Starbucks Corp., 3.350%, 3/12/50 | 542,616 | ||
8,388,867 | ||||
Consumer Discretionary — 0.8% | ||||
86,280 | Air Canada 2015-1 Class A Pass Through Trust (Canada), 144a, 3.600%, 3/15/27 | 86,935 | ||
658,000 | Ford Motor Co., 3.250%, 2/12/32 | 673,792 | ||
498,000 | Ford Motor Credit Co. LLC, 3.664%, 9/8/24 | 517,298 | ||
587,000 | General Motors Financial Co., Inc., 5.650%, 1/17/29 | 696,656 | ||
646,000 | Home Depot, Inc. (The), 5.950%, 4/1/41 | 929,212 | ||
949,000 | Hyundai Capital America, 144a, 2.650%, 2/10/25 | 972,905 |
Principal Amount | MarketValue | |||
Corporate Bonds — 11.5% (Continued) | ||||
Consumer Discretionary — (Continued) | ||||
$ 941,000 | Lowe's Cos, Inc., 4.500%, 4/15/30 | $ 1,093,346 | ||
1,596,000 | Procter & Gamble Co. (The), 1.200%, 10/29/30 | 1,511,122 | ||
893,000 | Walmart, Inc., 2.850%, 7/8/24 | 933,312 | ||
7,414,578 | ||||
Real Estate — 0.7% | ||||
914,000 | Crown Castle International Corp. REIT, 3.650%, 9/1/27 | 982,516 | ||
730,000 | Equinix, Inc. REIT, 2.900%, 11/18/26 | 756,688 | ||
898,000 | Healthcare Realty Trust, Inc. REIT, 2.400%, 3/15/30 | 894,518 | ||
1,012,000 | Host Hotels & Resorts LP REIT, 4.500%, 2/1/26 | 1,090,839 | ||
654,000 | Mid-America Apartments LP REIT, 3.750%, 6/15/24 | 688,543 | ||
820,000 | Realty Income Corp. REIT, 4.600%, 2/6/24 | 872,255 | ||
717,000 | Sabra Health Care LP REIT, 5.125%, 8/15/26 | 789,298 | ||
314,000 | STORE Capital Corp. REIT, 4.500%, 3/15/28 | 347,201 | ||
589,000 | STORE Capital Corp. REIT, 4.625%, 3/15/29 | 660,392 | ||
7,082,250 | ||||
Materials — 0.2% | ||||
535,000 | Braskem America Finance Co. (Brazil), 144a, 7.125%, 7/22/41 | 690,819 | ||
567,000 | Braskem Netherlands Finance BV (Brazil), 144a, 5.875%, 1/31/50 | 653,467 | ||
903,000 | Sherwin-Williams Co. (The), 4.500%, 6/1/47 | 1,129,039 | ||
2,473,325 | ||||
Total Corporate Bonds | $113,027,033 | |||
U.S. Government Mortgage-Backed Obligations — 2.9% | ||||
1,783 | FHLMC, Pool #G08062, 5.000%, 6/1/35 | 2,019 | ||
173,786 | FHLMC, Pool #G08637, 4.000%, 4/1/45 | 190,232 | ||
901,344 | FHLMC, Pool #Q02664, 4.500%, 8/1/41 | 994,321 | ||
1,579,167 | FHLMC, Pool #Q29056, 4.000%, 10/1/44 | 1,733,853 | ||
895,721 | FHLMC, Pool #Q29260, 4.000%, 10/1/44 | 983,501 | ||
2,096,006 | FHLMC REMIC, Pool #QD2143, 2.000%, 12/1/51 | 2,092,529 | ||
1,895,615 | FHLMC REMIC, Pool #SD8148, 3.000%, 5/1/51 | 1,965,302 | ||
430 | FNMA, Pool #690305, 5.500%, 3/1/33 | 472 | ||
354,055 | FNMA, Pool #725423, 5.500%, 5/1/34 | 396,698 | ||
317,466 | FNMA, Pool #725610, 5.500%, 7/1/34 | 360,179 | ||
55,376 | FNMA, Pool #748895, 6.000%, 12/1/33 | 58,661 | ||
127,318 | FNMA, Pool #AD9193, 5.000%, 9/1/40 | 143,732 | ||
363,990 | FNMA, Pool #AH8925, 4.500%, 3/1/41 | 402,405 | ||
186,686 | FNMA, Pool #AL5718, 3.500%, 9/1/44 | 201,057 | ||
349,944 | FNMA, Pool #AR9195, 3.000%, 3/1/43 | 369,922 | ||
622,969 | FNMA, Pool #BC1809, 3.500%, 5/1/46 | 664,578 | ||
2,114,605 | FNMA, Pool #BT7156, 2.000%, 8/1/51 | 2,111,029 | ||
2,210,969 | FNMA, Pool #CB1336, 2.000%, 8/1/41 | 2,247,678 | ||
727,345 | FNMA, Pool #FM4996, 2.000%, 12/1/50 | 727,356 | ||
2,105,982 | FNMA, Pool #FM5085, 2.000%, 12/1/50 | 2,103,981 | ||
753,822 | FNMA, Pool #FM5166, 3.000%, 12/1/50 | 784,521 | ||
702,707 | FNMA, Pool #FM5279, 3.500%, 11/1/50 | 740,227 | ||
564,252 | FNMA, Pool #FM5468, 2.500%, 1/1/36 | 583,900 | ||
669,685 | FNMA, Pool #FM5682, 2.500%, 1/1/51 | 685,842 | ||
2,025,288 | FNMA, Pool #FM7913, 2.000%, 4/1/36 | 2,083,142 | ||
2,163,113 | FNMA, Pool #FM8360, 2.500%, 8/1/51 | 2,215,715 | ||
2,201,472 | FNMA, Pool #FM8361, 2.500%, 8/1/51 | 2,249,271 | ||
866,466 | FNMA, Pool #MA4166, 3.000%, 10/1/40 | 902,768 | ||
544,016 | GNMA, Pool #5175, 4.500%, 9/20/41 | 602,479 | ||
Total U.S. Government Mortgage-Backed Obligations | $28,597,370 | |||
Asset-Backed Securities — 2.4% | ||||
1,000,000 | AB BSL CLO 2 Ltd. (Cayman Islands), Ser 2021-2A, Class B1, 144a, (3M LIBOR +1.650%), 1.774%, 4/15/34(A) | 990,606 |
Principal Amount | MarketValue | |||
Asset-Backed Securities — 2.4% (Continued) | ||||
$ 1,500,000 | AB BSL CLO 3, Ltd. (Cayman Islands), Ser 2021-3A, Class B, 144a, (3M LIBOR +1.700%), 1.838%, 10/20/34(A) | $ 1,490,301 | ||
367,684 | Adams Outdoor Advertising LP, Ser 2018-1, Class A, 144a, 4.810%, 11/15/48 | 379,148 | ||
450,000 | Apidos CLO XVIII (Cayman Islands), Ser 2018-18A, Class A1, 144a, (3M LIBOR +1.140%), 1.268%, 10/22/30(A) | 450,040 | ||
575,000 | Benefit Street Partners CLO XIX Ltd. (Cayman Islands), Ser 2019-19A, Class B, 144a, (3M LIBOR +2.000%), 2.124%, 1/15/33(A) | 575,037 | ||
345,189 | CF Hippolyta LLC, Ser 2020-1, Class A1, 144a, 1.690%, 7/15/60 | 342,481 | ||
465,000 | CIFC Funding Ltd. (Cayman Islands), Ser 2016-1A, Class ARR, 144a, (3M LIBOR +1.080%), 1.255%, 10/21/31(A) | 464,785 | ||
1,437,708 | CLI Funding VI LLC, Ser 2020-3A, Class A, 144a, 2.070%, 10/18/45 | 1,427,193 | ||
850,938 | Driven Brands Funding LLC, Ser 2019-1A, Class A2, 144a, 4.641%, 4/20/49 | 896,993 | ||
431,227 | Elara HGV Timeshare Issuer LLC, Ser 2019-A, Class B, 144a, 2.910%, 1/25/34 | 431,155 | ||
1,032,200 | Jack in the Box Funding LLC, Ser 2019-1A, Class A2II, 144a, 4.476%, 8/25/49 | 1,071,405 | ||
694,750 | Jack In The Box Funding LLC, Ser 2019-1A, Class A2I, 144a, 3.982%, 8/25/49 | 698,128 | ||
378,000 | Jersey Mike's Funding, Ser 2019-1A, Class A2, 144a, 4.433%, 2/15/50 | 396,813 | ||
1,150,000 | Madison Park Funding XLIX Ltd. (Cayman Islands), Ser 2021-49A, Class B1, 144a, (3M LIBOR +1.700%), 1.819%, 10/19/34(A) | 1,150,321 | ||
465,000 | Madison Park Funding XXXV Ltd. (Cayman Islands), Ser 2019-35A, Class A2AR, 144a, (3M LIBOR +1.200%), 1.331%, 4/20/32(A) | 465,084 | ||
573,777 | Mill City Mortgage Loan Trust, Ser 2018-3, Class M3, 144a, 3.250%, 8/25/58(A)(B) | 586,818 | ||
845,750 | Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | 848,371 | ||
525,000 | New Mountain CLO 1 Ltd. (Cayman Islands), Ser CLO-1A, Class AR, 144a, (3M LIBOR +1.200%), 1.317%, 10/15/34(A) | 524,997 | ||
1,500,000 | Palmer Square CLO, Ltd. (Cayman Islands), Ser 2021-4A, Class B, 144a, (3M LIBOR +1.650%), 1.786%, 10/15/34(A) | 1,494,819 | ||
1,000,000 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-2A, Class A2, 144a, (3M LIBOR +1.250%), 1.410%, 5/20/29(A) | 1,000,151 | ||
1,500,000 | Rockford Tower CLO, Ltd. (Cayman Islands), Ser 2021-3A, Class B, 144a, (3M LIBOR +1.750%), 1.877%, 10/20/34(A)(C) | 1,497,069 | ||
421,344 | TAL Advantage VII LLC, Ser 2020-1A, Class A, 144a, 2.050%, 9/20/45 | 418,366 | ||
1,460,000 | Textainer Marine Containers, Ltd., Ser 2021-3A, Class A, 144a, 1.940%, 8/20/46 | 1,431,754 | ||
1,400,000 | Towd Point Mortgage Trust, Ser 2015-6, Class B1, 144a, 3.791%, 4/25/55(A)(B) | 1,457,354 | ||
1,140,000 | Towd Point Mortgage Trust, Ser 2019-4, Class M1B, 144a, 3.000%, 10/25/59(A)(B) | 1,165,266 |
Principal Amount | MarketValue | |||
Asset-Backed Securities — 2.4% (Continued) | ||||
$ 465,000 | Voya CLO Ltd. (Cayman Islands), Ser 2019-2A, Class A, 144a, (3M LIBOR +1.270%), 1.401%, 7/20/32(A) | $ 465,012 | ||
1,500,000 | Whitebox CLO I, Ltd. (Cayman Islands), Ser 2019-1A, Class ANBR, 144a, (3M LIBOR +1.700%), 1.824%, 7/24/32(A) | 1,498,294 | ||
Total Asset-Backed Securities | $23,617,761 | |||
Commercial Mortgage-Backed Securities — 1.6% | ||||
825,000 | BANK, Ser 2018-BN14, Class A3, 3.966%, 9/15/60 | 908,019 | ||
27,876,781 | BANK, Ser 2019-BN21, Class XA, 0.869%, 10/17/52(A)(B)(D) | 1,578,375 | ||
915,000 | BHMS, Ser 2018-ATLS, Class A, 144a, (1M LIBOR +1.250%), 1.360%, 7/15/35(A) | 914,413 | ||
900,000 | BPR Trust, Ser 2021-KEN, Class B, 144a, (1M LIBOR +1.950%), 2.060%, 2/15/29(A) | 899,811 | ||
1,500,000 | BX Commercial Mortgage Trust, Ser 2020-VIV3, Class B, 144a, 3.544%, 3/9/44(A)(B) | 1,553,725 | ||
1,500,000 | BX Commercial Mortgage Trust, Ser 2020-VIV4, Class A, 144a, 2.843%, 3/9/44 | 1,541,062 | ||
1,220,000 | COMM Mortgage Trust, Ser 2018-HOME, Class A, 144a, 3.815%, 4/10/33(A)(B) | 1,321,188 | ||
700,000 | GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.541%, 1/10/43(A)(B) | 737,337 | ||
1,500,000 | HONO Mortgage Trust, Ser 2021-LULU, Class B, 144a, (1M LIBOR +1.450%), 1.560%, 10/15/36(A) | 1,496,573 | ||
562,000,000 | Independence Plaza Trust, Ser 2018-INDP, Class XCP, 144a, 0.115%, 7/10/35(A)(B)(D) | 1,373,078 | ||
500,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (1M LIBOR +1.020%), 2.270%, 11/15/35(A) | 501,432 | ||
825,000 | SG Commercial Mortgage Securities Trust, Ser 2019-787E, Class A, 144a, 4.163%, 2/15/41 | 922,344 | ||
770,000 | Wells Fargo Commercial Mortgage Trust, Ser 2018-AUS, Class B, 144a, 4.058%, 8/17/36(A)(B) | 820,533 | ||
945,523 | WFRBS Commercial Mortgage Trust, Ser 2014-C19, Class A3, 3.660%, 3/15/47 | 945,945 | ||
Total Commercial Mortgage-Backed Securities | $15,513,835 |
Shares | ||||
Exchange-Traded Fund — 1.5% | ||||
133,451 | iShares JP Morgan USD Emerging Markets Bond ETF | 14,554,166 |
Principal Amount | ||||
Non-Agency Collateralized Mortgage Obligations — 1.3% | ||||
$ 164,441 | Agate Bay Mortgage Trust, Ser 2013-1, Class B3, 144a, 3.580%, 7/25/43(A)(B) | 165,768 | ||
430,194 | Agate Bay Mortgage Trust, Ser 2015-4, Class B2, 144a, 3.541%, 6/25/45(A)(B) | 433,420 | ||
483,112 | Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.676%, 10/25/45(A)(B) | 487,558 | ||
268,853 | CSMC Trust, Ser 2013-IVR3, Class B2, 144a, 3.378%, 5/25/43(A)(B) | 270,802 | ||
419,420 | CSMC Trust, Ser 2015-1, Class B3, 144a, 3.930%, 1/25/45(A)(B) | 422,215 | ||
452,078 | CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.829%, 12/25/44(A)(B) | 452,671 | ||
589,685 | GS Mortgage-Backed Securities Trust, Ser 2021-PJ6, Class A2, 144a, 2.500%, 11/25/51(A)(B) | 590,345 | ||
1,421,111 | GS Mortgage-Backed Securities Trust, Ser 2021-PJ8, Class A8, 144a, 2.500%, 1/25/52(A)(B) | 1,435,878 | ||
709,056 | JP Morgan Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.469%, 1/25/47(A)(B) | 717,935 |
Principal Amount | MarketValue | |||
Non-Agency Collateralized Mortgage Obligations — 1.3% (Continued) | ||||
$ 1,139,780 | JP Morgan Mortgage Trust, Ser 2020-5, Class B1, 144a, 3.623%, 12/25/50(A)(B) | $ 1,166,757 | ||
1,612,466 | JP Morgan Mortgage Trust, Ser 2021-10, Class A4, 144a, 2.500%, 12/25/51(A)(B) | 1,626,638 | ||
1,397,426 | Mill City Mortgage Loan Trust, Ser 2019-1, Class M1, 144a, 3.500%, 10/25/69(A)(B) | 1,456,170 | ||
198,574 | Sequoia Mortgage Trust, Ser 2015-2, Class A19, 144a, 3.500%, 5/25/45(A)(B) | 198,691 | ||
907,322 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B1B, 144a, 4.763%, 8/25/48(A)(B) | 928,112 | ||
823,206 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B2B, 144a, 4.763%, 8/25/48(A)(B) | 840,233 | ||
1,430,246 | Wells Fargo Mortgage Backed Securities Trust, Ser 2021-2, Class A3, 144a, 2.500%, 6/25/51(A)(B) | 1,441,958 | ||
Total Non-Agency Collateralized Mortgage Obligations | $12,635,151 | |||
Sovereign Government Obligations — 0.7% | ||||
674,000 | Bahamas Government International Bond, 144a, 6.000%, 11/21/28 | 575,434 | ||
650,000 | Chile Government International Bond, 3.100%, 5/7/41 | 636,025 | ||
801,000 | Chile Government International Bond, 3.100%, 1/22/61 | 742,815 | ||
663,000 | Colombia Government International Bond, 3.250%, 4/22/32 | 595,871 | ||
506,000 | Colombia Government International Bond, 5.000%, 6/15/45 | 456,665 | ||
725,000 | Ecuador Government International Bond, 144a, 5.000%, 7/31/30 | 600,844 | ||
680,000 | Egypt Government International Bond, 144a, 5.875%, 2/16/31 | 601,583 | ||
680,000 | Ghana Government International Bond, 144a, 7.625%, 5/16/29 | 565,964 | ||
777,000 | Mexico Government International Bond, 3.771%, 5/24/61 | 714,933 | ||
655,000 | Nigeria Government International Bond, 144a, 7.625%, 11/28/47 | 585,020 | ||
498,000 | Panama Government International Bond, 4.300%, 4/29/53 | 534,608 | ||
650,000 | Republic of Uzbekistan International Bond, 144a, 3.700%, 11/25/30 | 623,350 | ||
Total Sovereign Government Obligations | $7,233,112 | |||
Agency Collateralized Mortgage Obligations — 0.3% | ||||
600,722 | FHLMC REMIC, Ser 3859, Class JB, 5.000%, 5/15/41 | 663,787 | ||
1,370,000 | FREMF Mortgage Trust, Ser 2019-K103, Class B, 144a, 3.453%, 12/25/51(A)(B) | 1,432,201 | ||
293,207 | GNMA, Ser 2010-169, Class AW, 4.500%, 12/20/40 | 317,806 | ||
4,726,887 | GNMA, Ser 2012-147, Class IO, 0.561%, 4/16/54(A)(B)(D) | 80,515 | ||
Total Agency Collateralized Mortgage Obligations | $2,494,309 |
Shares | MarketValue | |||
Short-Term Investment Funds — 2.1% | ||||
19,731,813 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | $ 19,731,813 | ||
911,250 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%∞Ω** | 911,250 | ||
Total Short-Term Investment Funds | $20,643,063 | |||
Total Investment Securities—99.9% (Cost $744,944,322) | $984,103,634 | |||
Other Assets in Excess of Liabilities — 0.1% | 1,289,337 | |||
Net Assets — 100.0% | $985,392,971 |
(A) | Variable rate security - Rate reflected is the rate in effect as of December 31, 2021. |
(B) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(C) | Security has no stated coupon and is considered an equity position in the collateralized loan obligation (“CLO”). CLO equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. |
(D) | 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. |
* | 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 December 31, 2021 was $892,822. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
CLO – Collateralized Loan Obligation |
DAC – Designated Activity Company |
ETF – Exchange-Traded Fund |
FHLMC – Federal Home Loan Mortgage Corporation |
FNMA – Federal National Mortgage Association |
FREMF – Freddie Mac Multifamily Securitization |
GNMA – Government National Mortgage Association |
IO – Interest Only |
LIBOR – London Interbank Offered Rate |
LLC – Limited Liability Company |
LP – Limited Partnership |
MTN – Medium Term Note |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
REMIC – Real Estate Mortgage Investment Conduit |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2021, these securities were valued at $77,275,997 or 7.8% 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 | $622,091,953 | $— | $— | $622,091,953 |
U.S. Treasury Obligations | — | 123,695,881 | — | 123,695,881 |
Corporate Bonds | — | 113,027,033 | — | 113,027,033 |
U.S. Government Mortgage-Backed Obligations | — | 28,597,370 | — | 28,597,370 |
Asset-Backed Securities | — | 23,617,761 | — | 23,617,761 |
Commercial Mortgage-Backed Securities | — | 15,513,835 | — | 15,513,835 |
Exchange-Traded Fund | 14,554,166 | — | — | 14,554,166 |
Non-Agency Collateralized Mortgage Obligations | — | 12,635,151 | — | 12,635,151 |
Sovereign Government Obligations | — | 7,233,112 | — | 7,233,112 |
Agency Collateralized Mortgage Obligations | — | 2,494,309 | — | 2,494,309 |
Short-Term Investment Funds | 20,643,063 | — | — | 20,643,063 |
Total | $657,289,182 | $326,814,452 | $— | $984,103,634 |
Principal Amount | Market Value | |||
Fixed Rate Revenue Bonds – 69.0% | ||||
$ 500,000 | Alabama Community College System ACCS Enhancements Fee Revenue, Revenue, 4.000%, 09/01/51 | $ 586,487 | ||
1,000,000 | Allen County, OH, Hospital Fac. Rev. Ser I, 4.000%, 12/01/40 | 1,167,814 | ||
500,000 | American Municipal Power Inc, Revenue, 5.000%, 02/15/35 | 649,433 | ||
240,000 | Avondale, AZ, Revenue, 5.000%, 07/01/22 | 245,665 | ||
650,000 | Broward County, FL, Tourist Development Tax Revenue, Revenue, 4.000%, 09/01/51 | 760,567 | ||
75,000 | California Municipal Finance Authority, Revenue, 5.000%, 06/01/29 | 93,556 | ||
450,000 | City of Erie Higher Education Building Authority, Revenue, 5.000%, 05/01/47 | 557,299 | ||
65,000 | City of Los Angeles Department of Airports, Revenue Ser D, 5.000%, 05/15/44 | 83,051 | ||
500,000 | City of Panama City Beach,, 4.000%, 11/01/44 | 579,627 | ||
50,000 | Clarksville, TN, Water Sewer & Gas Revenue, Revenue Ser A, 5.000%, 02/01/45 | 64,488 | ||
500,000 | Cleveland, OH, Airport System Rev. Ser B, 5.000%, 01/01/37 | 616,723 | ||
750,000 | Cleveland, OH, Income Tax Rev. Ser B, 5.000%, 10/01/29 | 865,004 | ||
340,000 | Confluence Community Auth., 4.000%, 05/01/39 | 389,983 | ||
700,000 | County of Miami-Dade FL Aviation Revenue, Revenue Ser A, 5.000%, 10/01/33 | 902,258 | ||
1,000,000 | Cuyahoga County, OH COP, 5.000%, 12/01/32 | 1,085,459 | ||
250,000 | Cuyahoga Metropolitan Housing Authority, Rev., 2.000%, 12/01/31 | 252,590 | ||
200,000 | Dayton, OH, Water System Rev., 4.000%, 12/01/30 | 228,702 | ||
685,000 | DeKalb-Jackson Water Supply District Inc, Revenue Ser A, 5.000%, 07/01/32 | 879,847 | ||
935,000 | Delaware County Library District, Rev., 3.000%, 12/01/33 | 1,047,427 | ||
150,000 | District of Columbia, Revenue, 5.000%, 07/15/27 | 175,001 | ||
650,000 | Energy Northwest, Revenue, 5.000%, 07/01/23 | 695,608 | ||
60,000 | Florida Department of Environmental Protection, Revenue, 5.000%, 07/01/22 | 61,440 | ||
550,000 | Franklin County, OH, 4.000%, 11/01/36 | 638,541 | ||
500,000 | Hamilton County, OH, 5.000%, 02/01/30 | 541,493 | ||
1,080,000 | Hamilton County, OH, 5.000%, 05/15/33 | 1,192,555 | ||
500,000 | Hamilton County, OH, 5.000%, 08/15/40 | 634,123 | ||
245,000 | Hamilton County, OH, 5.000%, 09/15/40 | 306,682 | ||
1,000,000 | Hamilton County, OH EDR, 5.000%, 06/01/33 | 1,135,015 | ||
630,000 | Idaho Housing & Finance Association, Revenue Ser A, 5.000%, 07/15/23 | 674,800 | ||
675,000 | Illinois State Toll Highway Authority, Revenue Ser A, 5.000%, 01/01/46 | 868,234 | ||
50,000 | Indiana University, Revenue Ser A, 5.000%, 06/01/22 | 50,995 | ||
525,000 | Jacksonville, FL, Revenue Ser R, 5.000%, 10/01/35 | 679,370 | ||
675,000 | Louisville and Jefferson County Metropolitan Sewer District,, 3.000%, 10/14/22 | 689,870 | ||
125,000 | Lower Colorado River Authority, Revenue, 5.000%, 05/15/45 | 154,286 | ||
55,000 | Lower Colorado River Authority, Revenue, 5.000%, 05/15/45 | 69,032 | ||
400,000 | Mahoning County, Mahoning , Mahoning, Rev., 3.000%, 12/01/35 | 442,985 | ||
515,000 | Manchester, NH, Sewer Revenue, Revenue, 4.000%, 06/01/46 | 611,723 | ||
575,000 | Metropolitan Transportation Authority, Revenue, 5.000%, 11/15/22 | 597,969 | ||
500,000 | Michigan Finance Authority, Revenue, 5.000%, 06/01/32 | 647,344 | ||
500,000 | Michigan Technological University, Revenue, 4.000%, 10/01/51 | 585,713 |
Principal Amount | Market Value | |||
$ 425,000 | Mississippi Development Bank, Revenue, 5.000%, 10/01/23 | $ 458,402 | ||
250,000 | Montgomery County, OH, Revenue, 4.000%, 08/01/41 | 297,531 | ||
50,000 | New Jersey Health Care Facilities Financing Authority, Revenue, 5.000%, 07/01/22 | 51,203 | ||
500,000 | New Jersey Transportation Trust Fund Authority, Revenue, 5.000%, 06/15/45 | 620,929 | ||
75,000 | New York State Dormitory Authority, Revenue Ser A, 5.000%, 03/15/45 | 91,758 | ||
65,000 | New York State Urban Development Corp, Revenue, 5.000%, 03/15/44 | 82,994 | ||
650,000 | North Sumter County Utility Dependent District, Revenue Ser N, 5.000%, 10/01/49 | 797,792 | ||
100,000 | Ohio Higher Educational Fac. Commission, 4.000%, 02/01/41 | 116,248 | ||
500,000 | Ohio Higher Educational Fac. Commission, 5.000%, 03/01/34 | 586,097 | ||
250,000 | Ohio Higher Educational Fac. Commission, 5.000%, 11/01/39 | 310,972 | ||
290,000 | Ohio Higher Educational Fac. Commission Ser A, 4.000%, 12/01/35 | 333,848 | ||
630,000 | Ohio Higher Educational Fac. Commission Ser F, 5.000%, 05/01/32 | 805,236 | ||
525,000 | Ohio State University (The) Ser A, 4.000%, 12/01/33 | 570,670 | ||
150,000 | Ohio Univ. Ser A, 5.000%, 12/01/32 | 179,955 | ||
500,000 | Pasco County School Board, COP Ser B, 5.000%, 08/01/46 | 640,197 | ||
695,000 | Pennsylvania Turnpike Commission, Revenue, 5.000%, 12/01/44 | 867,504 | ||
500,000 | Polaris Career Center COP, 5.000%, 11/01/35 | 576,126 | ||
390,000 | Port of Greater Cincinnati Development Auth., 4.000%, 12/01/32 | 457,172 | ||
610,000 | Rhode Island Commerce Corp, Revenue Ser A, 5.000%, 06/15/22 | 622,988 | ||
660,000 | Santa Fe Public School District, Revenue, 5.000%, 08/01/22 | 678,270 | ||
305,000 | South Carolina Public Service Authority, Revenue Ser B, 5.000%, 12/01/43 | 394,714 | ||
500,000 | South Wayne County Water and Sewer Authority, Revenue Ser S, 4.000%, 02/15/31 | 598,727 | ||
585,000 | South Wayne County Water and Sewer Authority, Revenue Ser S, 4.000%, 02/15/37 | 692,141 | ||
100,000 | St. Charles, MO, COP, 4.000%, 04/01/27 | 113,237 | ||
500,000 | State of Connecticut Special Tax Revenue, Revenue Ser D, 5.000%, 11/01/35 | 667,185 | ||
75,000 | State of North Carolina, Revenue Ser B, 5.000%, 06/01/22 | 76,496 | ||
1,000,000 | State of Ohio, 4.000%, 01/01/40 | 1,164,137 | ||
400,000 | State of Ohio, 4.000%, 11/15/40 | 457,452 | ||
1,000,000 | State of Ohio Ser A, 4.000%, 01/15/46 | 1,165,314 | ||
1,000,000 | State of Ohio Ser A, 5.000%, 12/01/36 | 1,250,005 | ||
500,000 | Tobacco Settlement Financing Corp, Revenue, 5.000%, 06/01/30 | 612,702 | ||
500,000 | Town of Upland, Revenue EDR, 4.000%, 09/01/43 | 584,410 | ||
50,000 | Triborough Bridge & Tunnel Authority, Revenue Ser A, 5.000%, 11/15/22 | 52,065 | ||
75,000 | Triborough Bridge & Tunnel Authority, Revenue Ser B, 5.000%, 11/15/22 | 78,098 | ||
1,000,000 | Univ. of Cincinnati Ser A, 5.000%, 06/01/37 | 1,233,329 | ||
500,000 | Univ. of Colorado, Revenue Ser C, 5.000%, 06/01/46 | 648,493 | ||
350,000 | Upper Arlington , OH, Nontax Rev. Ser A, 3.000%, 12/01/39 | 385,034 | ||
475,000 | Upper Arlington , OH, Nontax Rev. Ser A, 3.000%, 12/01/41 | 516,964 | ||
695,000 | USF Financing Corp, COP Ser A, 5.000%, 07/01/23 | 742,684 |
Principal Amount | Market Value | |||
Fixed Rate Revenue Bonds – 69.0% (Continued) | ||||
$ 500,000 | Vernon, CA, Electric System Revenue, Revenue Ser A, 4.000%, 04/01/22 | $ 504,501 | ||
590,000 | Vernon, CA, Electric System Revenue, Revenue Ser A, 4.000%, 10/01/22 | 606,188 | ||
815,000 | Volusia County Educational Facility Authority, Revenue, 4.000%, 10/15/39 | 940,467 | ||
50,000 | Volusia County School Board, COP Ser B, 5.000%, 08/01/24 | 55,813 | ||
160,000 | Warren County, OH Ser A, 4.000%, 07/01/39 | 182,821 | ||
295,000 | Washington State University, Revenue, 5.000%, 04/01/26 | 348,282 | ||
185,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/22 | 190,972 | ||
150,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/23 | 159,620 | ||
150,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/36 | 180,187 | ||
240,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/41 | 283,976 | ||
275,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/51 | 318,597 | ||
Total Fixed Rate Revenue Bonds | $46,859,262 | |||
General Obligation Bonds – 19.1% | ||||
500,000 | Cuyahoga County, OH LTGO Ser A, 3.000%, 12/01/35 | 549,025 | ||
50,000 | Fairfield-Suisun Unified School District, Revenue, 4.000%, 08/01/28 | 57,453 | ||
75,000 | Fruitvale School District, Revenue, 5.000%, 08/01/22 | 77,094 | ||
125,000 | Greenville, TX, LTGO, 4.000%, 02/15/29 | 147,091 | ||
1,000,000 | Hamilton County, OH LTGO Ser A, 5.000%, 12/01/37 | 1,231,156 | ||
675,000 | Hazelwood School District, Revenue Ser P, 4.000%, 03/01/22 | 679,148 | ||
500,000 | Indian Hill Exempted Village School District, UTGO, 3.000%, 12/01/45 | 543,477 | ||
500,000 | Indian Hill Exempted Village School District, UTGO, 3.000%, 12/01/46 | 542,783 | ||
300,000 | Lexington LSD UTGO Ser A, 4.000%, 10/01/39 | 353,876 | ||
825,000 | Licking Heights LSD UTGO, 6.400%, 12/01/28 | 1,008,737 | ||
700,000 | Miami Valley Career Technology Center UTGO, 4.000%, 12/01/34 | 816,895 | ||
115,000 | Montgomery, AL, LTGO, 4.000%, 02/01/27 | 133,660 | ||
115,000 | New Haven Community Schools, Revenue Ser I, 5.000%, 05/01/44 | 141,918 | ||
500,000 | New Orleans, LA, Revenue Ser A, 5.000%, 12/01/50 | 633,142 | ||
250,000 | Parma, OH LTGO, 3.000%, 12/01/32 | 274,734 | ||
195,000 | Peabody, MA, LTGO Ser B, 4.000%, 07/15/22 | 198,951 | ||
540,000 | Portage Public Schools, Revenue, 5.000%, 05/01/22 | 548,461 | ||
250,000 | Prairiestar Metropolitan District No 2, LTGO Ser A, 5.000%, 12/01/46 | 311,282 | ||
650,000 | Romulus Community Schools, Revenue Ser A, 4.000%, 05/01/23 | 680,779 | ||
455,000 | Seven Hills, OH LTGO, 3.000%, 12/01/37 | 504,543 | ||
50,000 | Shakopee Independent School District No 720, Revenue Ser A, 5.000%, 02/01/23 | 52,558 | ||
250,000 | Shelbyville, TN, Revenue, 5.000%, 12/01/27 | 309,427 | ||
50,000 | State of Connecticut, Revenue Ser B, 5.000%, 01/15/23 | 52,450 | ||
500,000 | State of Mississippi, Revenue Ser C, 5.000%, 10/01/36 | 626,886 | ||
50,000 | State of Washington, Revenue Ser E, 5.000%, 06/01/44 | 65,299 | ||
75,000 | Tahoe-Truckee Unified School District, Revenue Ser B, 4.000%, 08/01/22 | 76,672 | ||
1,000,000 | Toledo, OH, LTGO, 4.000%, 12/01/35 | 1,180,759 | ||
525,000 | Township of Piscataway, Revenue, 5.000%, 12/01/23 | 571,242 | ||
300,000 | Upper Arlington, OH LTGO, 4.000%, 12/01/32 | 335,795 | ||
135,000 | Waco, TX, LTGO, 5.000%, 02/01/23 | 141,937 | ||
75,000 | Waterbury, CT, Revenue Ser A, 5.000%, 11/15/26 | 90,028 | ||
Total General Obligation Bonds | $12,937,258 |
Principal Amount | Market Value | |||
Pre-refunded/Escrowed to Maturity(A) — 5.0% | ||||
$ 50,000 | Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project, Revenue Pre-refunded @ 100, 3.750%, 01/01/43 | $ 56,338 | ||
1,000,000 | Green, OH, 4.000%, 12/01/30 | 1,034,704 | ||
1,000,000 | Hamilton County, OH Pre-refunded @ 100, 5.250%, 06/01/32 | 1,020,724 | ||
1,000,000 | Kent State Univ. Pre-refunded @ 100, 4.500%, 05/01/32 | 1,014,177 | ||
250,000 | Lakewood CSD UTGO Pre-refunded @ 100, 5.000%, 11/01/33 | 259,952 | ||
Total Pre-refunded/Escrowed to Maturity | $3,385,895 | |||
Variable Rate Demand Notes(B)(C)(D) — 4.2% | ||||
850,000 | Montgomery County, OH, Rev. Ser C, 0.010%, 11/15/45 | 850,000 | ||
2,000,000 | Ohio Higher Educational Fac. Commission Ser B, 0.010%, 01/01/39 | 2,000,000 | ||
Total Variable Rate Demand Notes | $2,850,000 |
Shares | ||||
Short-Term Investment Fund — 2.8% | ||||
$1,900,250 | Dreyfus Government Cash Management Institutional Shares, 0.030%∞Ω | 1,900,250 | ||
Total Investment Securities—100.1% (Cost $65,627,958) | $67,932,665 | |||
Liabilities in Excess of Other Assets — (0.1%) | $(80,919) | |||
Net Assets — 100.0% | $67,851,746 |
(A) | Bonds denoted as pre-refunded are anticipated to be redeemed prior to their scheduled maturity. The dates indicated are the stipulated pre-refunded dates. |
(B) | Demand Feature - Maturities shown are the final maturities, not the date on which principal could be recovered through the demand feature. |
(C) | Floating and variable rate demand notes (“put bonds”) earn interest at a coupon rate which fluctuates at specified intervals, usually daily, monthly or semi-annually. The interest rates shown are the coupon rates in effect at December 31, 2021. Put bonds may be redeemed at the discretion of the holder on specified dates prior to maturity. Mandatory put bonds are automatically redeemed at a specified put date unless action is taken by the holder to prevent redemption. |
(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. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
COP–Certificates of Participation |
CSD–City School District |
EDR–Economic Development Revenue |
LSD–Local School District |
LTGO–Limited Tax General Obligation |
UTGO–Unlimited Tax General Obligation |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Municipal Bonds | $— | $66,032,415 | $— | $66,032,415 |
Short-Term Investment Fund | 1,900,250 | — | — | 1,900,250 |
Total | $1,900,250 | $66,032,415 | $— | $67,932,665 |
Shares | Market Value | |||
Common Stocks — 95.6% | ||||
France — 14.9% | ||||
Communication Services — 3.0% | ||||
153,100 | JCDecaux SA* | $ 3,834,696 | ||
Consumer Discretionary — 6.6% | ||||
127,100 | Accor SA* | 4,119,746 | ||
25,500 | Cie Generale des Etablissements Michelin SCA | 4,176,500 | ||
Energy — 3.4% | ||||
85,000 | TOTAL SE | 4,326,520 | ||
Health Care — 1.9% | ||||
23,200 | Sanofi | 2,327,981 | ||
Total France | 18,785,443 | |||
Switzerland — 14.0% | ||||
Consumer Staples — 3.0% | ||||
26,800 | Nestle SA | 3,741,744 | ||
Health Care — 5.1% | ||||
31,500 | Novartis AG | 2,767,969 | ||
9,000 | Roche Holding AG | 3,733,751 | ||
Industrials — 3.2% | ||||
80,200 | Adecco Group AG | 4,086,782 | ||
Materials — 2.7% | ||||
67,300 | LafargeHolcim Ltd. | 3,422,816 | ||
Total Switzerland | 17,753,062 | |||
United Kingdom — 12.3% | ||||
Consumer Staples — 3.3% | ||||
48,400 | Reckitt Benckiser Group PLC | 4,166,449 | ||
Health Care — 3.3% | ||||
1,586,000 | ConvaTec Group PLC, 144a | 4,146,409 | ||
Industrials — 2.0% | ||||
63,700 | Bunzl PLC | 2,488,461 | ||
Information Technology — 1.8% | ||||
47,000 | Spectris PLC | 2,327,104 | ||
Real Estate — 1.9% | ||||
1,046,437 | Foxtons Group PLC | 559,480 | ||
98,600 | Savills PLC | 1,879,117 | ||
Total United Kingdom | 15,567,020 | |||
Japan — 11.0% | ||||
Communication Services — 3.0% | ||||
137,300 | Nippon Telegraph & Telephone Corp. | 3,754,917 | ||
Consumer Discretionary — 3.9% | ||||
314,000 | USS Co. Ltd. | 4,905,850 | ||
Consumer Staples — 1.9% | ||||
104,300 | Calbee, Inc. | 2,421,877 | ||
Industrials — 2.2% | ||||
13,300 | FANUC Corp. | 2,827,075 | ||
Total Japan | 13,909,719 | |||
Germany — 9.7% | ||||
Health Care — 2.8% | ||||
87,900 | Fresenius SE & Co. KGaA | 3,533,002 | ||
Industrials — 3.2% | ||||
19,000 | Brenntag SE | 1,715,773 | ||
60,700 | Norma Group SE | 2,343,267 | ||
Information Technology — 1.8% | ||||
16,100 | SAP SE | 2,265,907 |
Shares | Market Value | |||
Germany — (Continued) | ||||
Materials — 1.9% | ||||
70,500 | FUCHS PETROLUB SE | $ 2,469,798 | ||
Total Germany | 12,327,747 | |||
Mexico — 7.9% | ||||
Communication Services — 1.8% | ||||
650,687 | Megacable Holdings SAB de CV | 2,224,199 | ||
Consumer Staples — 6.1% | ||||
309,370 | Gruma SAB de CV - Class B | 3,953,946 | ||
2,492,100 | Kimberly-Clark de Mexico SAB de CV - Class A | 3,786,439 | ||
Total Mexico | 9,964,584 | |||
South Korea — 3.5% | ||||
Information Technology — 3.5% | ||||
68,000 | Samsung Electronics Co. Ltd. | 4,465,898 | ||
Canada — 3.4% | ||||
Materials — 3.4% | ||||
225,800 | Barrick Gold Corp. | 4,293,047 | ||
Greece — 2.9% | ||||
Consumer Discretionary — 2.9% | ||||
255,400 | OPAP SA | 3,617,355 | ||
Hong Kong — 2.8% | ||||
Consumer Discretionary — 2.8% | ||||
676,000 | Galaxy Entertainment Group Ltd.* | 3,506,819 | ||
United States — 2.7% | ||||
Health Care — 2.7% | ||||
33,400 | Medtronic PLC | 3,455,230 | ||
India — 2.6% | ||||
Communication Services — 2.0% | ||||
768,900 | Indus Towers Ltd. | 2,563,776 | ||
Consumer Discretionary — 0.6% | ||||
1,980,000 | PC Jeweller Ltd.* | 715,935 | ||
Total India | 3,279,711 | |||
China — 2.0% | ||||
Communication Services — 2.0% | ||||
44,300 | Tencent Holdings Ltd. | 2,584,955 | ||
Brazil — 1.8% | ||||
Industrials — 1.8% | ||||
2,110,000 | Boa Vista Servicos SA | 2,272,890 | ||
Tanzania — 1.7% | ||||
Communication Services — 1.7% | ||||
930,000 | Helios Towers PLC* | 2,165,139 | ||
Spain — 1.2% | ||||
Industrials — 1.2% | ||||
20,000 | Befesa SA, 144a | 1,534,646 | ||
Norway — 1.2% | ||||
Energy — 1.2% | ||||
156,300 | TGS NOPEC Geophysical Co. ASA | 1,494,962 | ||
Total Common Stocks | $120,978,227 | |||
Exchange-Traded Fund — 2.7% | ||||
43,000 | iShares MSCI EAFE ETF† | 3,383,242 | ||
Total Exchange-Traded Fund | $3,383,242 |
Shares | Market Value | |||
Short-Term Investment Funds — 2.5% | ||||
2,025,553 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | $ 2,025,553 | ||
1,128,757 | Invesco Government & Agency Portfolio, Institutional Class, 0.03%∞Ω** | 1,128,757 | ||
Total Short-Term Investment Funds | $3,154,310 | |||
Total Investment Securities — 100.8% (Cost $118,041,558) | $127,515,779 | |||
Liabilities in Excess of Other Assets — (0.8)% | (968,698) | |||
Net Assets — 100.0% | $126,547,081 |
* | 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 December 31, 2021 was $1,105,297. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
ETF – Exchange-Traded Fund |
MSCI – Morgan Stanley Capital International |
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 December 31, 2021, these securities were valued at $5,681,055 or 4.5% 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 | ||||
France | $3,834,696 | $14,950,747 | $— | $18,785,443 |
Switzerland | — | 17,753,062 | — | 17,753,062 |
United Kingdom | 8,912,110 | 6,654,910 | — | 15,567,020 |
Japan | — | 13,909,719 | — | 13,909,719 |
Germany | — | 12,327,747 | — | 12,327,747 |
Mexico | 9,964,584 | — | — | 9,964,584 |
South Korea | — | 4,465,898 | — | 4,465,898 |
Canada | 4,293,047 | — | — | 4,293,047 |
Greece | — | 3,617,355 | — | 3,617,355 |
Hong Kong | — | 3,506,819 | — | 3,506,819 |
United States | 3,455,230 | — | — | 3,455,230 |
India | — | 3,279,711 | — | 3,279,711 |
China | — | 2,584,955 | — | 2,584,955 |
Brazil | 2,272,890 | — | — | 2,272,890 |
Tanzania | 2,165,139 | — | — | 2,165,139 |
Spain | — | 1,534,646 | — | 1,534,646 |
Norway | — | 1,494,962 | — | 1,494,962 |
Exchange-Traded Fund | 3,383,242 | — | — | 3,383,242 |
Short-Term Investment Funds | 3,154,310 | — | — | 3,154,310 |
Total | $41,435,248 | $86,080,531 | $— | $127,515,779 |
Shares | Market Value | |||
Common Stocks — 100.1% | ||||
France — 15.4% | ||||
Consumer Discretionary — 2.1% | ||||
2,346 | Kering SA | $ 1,882,319 | ||
Industrials — 4.1% | ||||
13,085 | Safran SA | 1,601,909 | ||
4,560 | Teleperformance | 2,038,669 | ||
Information Technology — 9.2% | ||||
27,770 | Capgemini SE | 6,805,891 | ||
24,535 | Worldline SA, 144a* | 1,365,624 | ||
Total France | 13,694,412 | |||
India — 10.3% | ||||
Financials — 7.9% | ||||
57,940 | HDFC Bank Ltd. ADR | 3,770,156 | ||
163,880 | ICICI Bank Ltd. ADR | 3,243,185 | ||
Information Technology — 2.4% | ||||
22,040 | Larsen & Toubro Infotech Ltd., 144a | 2,167,677 | ||
Total India | 9,181,018 | |||
Canada — 9.9% | ||||
Consumer Discretionary — 1.7% | ||||
29,960 | Dollarama, Inc. | 1,499,480 | ||
Financials — 4.8% | ||||
22,340 | Bank of Montreal | 2,405,221 | ||
23,910 | Toronto-Dominion Bank (The) | 1,833,110 | ||
Industrials — 3.4% | ||||
42,510 | Canadian Pacific Railway Ltd. | 3,058,169 | ||
Total Canada | 8,795,980 | |||
United Kingdom — 9.2% | ||||
Consumer Discretionary — 2.8% | ||||
109,470 | Entain PLC* | 2,502,121 | ||
Health Care — 4.8% | ||||
36,470 | AstraZeneca PLC | 4,258,582 | ||
Information Technology — 1.6% | ||||
8,575 | Endava PLC ADR* | 1,439,914 | ||
Total United Kingdom | 8,200,617 | |||
United States — 7.2% | ||||
Communication Services — 4.8% | ||||
820 | Alphabet, Inc. - Class A* | 2,375,573 | ||
5,605 | Meta Platforms, Inc. - Class A* | 1,885,242 | ||
Information Technology — 2.4% | ||||
6,485 | Microsoft Corp. | 2,181,035 | ||
Total United States | 6,441,850 | |||
Switzerland — 7.0% | ||||
Consumer Staples — 1.8% | ||||
46,890 | Coca-Cola HBC AG | 1,623,582 | ||
Health Care — 5.2% | ||||
25,666 | Alcon, Inc. | 2,263,879 | ||
6,060 | Sonova Holding AG | 2,368,231 | ||
Total Switzerland | 6,255,692 | |||
Israel — 5.3% | ||||
Information Technology — 5.3% | ||||
15,590 | Nice Ltd. ADR* | 4,733,124 |
Shares | Market Value | |||
China — 5.3% | ||||
Consumer Discretionary — 3.4% | ||||
81,000 | ANTA Sports Products Ltd. | $ 1,216,485 | ||
963,600 | Tongcheng-Elong Holdings Ltd.* | 1,786,219 | ||
Consumer Staples — 1.9% | ||||
49,200 | Wuliangye Yibin Co. Ltd. - Class A | 1,718,622 | ||
Total China | 4,721,326 | |||
Germany — 5.1% | ||||
Communication Services — 3.0% | ||||
34,050 | Stroeer SE & Co. KGaA | 2,686,479 | ||
Consumer Discretionary — 2.1% | ||||
6,490 | adidas AG | 1,868,765 | ||
Total Germany | 4,555,244 | |||
Japan — 4.1% | ||||
Communication Services — 1.9% | ||||
63,200 | Kakaku.com, Inc. | 1,689,543 | ||
Industrials — 2.2% | ||||
32,200 | Recruit Holdings Co. Ltd. | 1,959,555 | ||
Total Japan | 3,649,098 | |||
Sweden — 3.9% | ||||
Consumer Discretionary — 3.9% | ||||
24,320 | Evolution AB, 144a | 3,437,414 | ||
Taiwan — 3.7% | ||||
Information Technology — 3.7% | ||||
27,660 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 3,327,775 | ||
South Korea — 3.4% | ||||
Communication Services — 3.4% | ||||
9,450 | NAVER Corp. | 2,999,632 | ||
Singapore — 3.2% | ||||
Financials — 3.2% | ||||
117,300 | DBS Group Holdings Ltd. | 2,840,884 | ||
Italy — 2.9% | ||||
Information Technology — 2.9% | ||||
165,855 | Nexi SpA, 144a* | 2,628,205 | ||
Spain — 1.6% | ||||
Health Care — 1.6% | ||||
72,359 | Grifols SA | 1,390,175 | ||
Thailand — 1.5% | ||||
Consumer Staples — 1.5% | ||||
2,786,300 | Thai Beverage PCL | 1,365,729 | ||
Denmark — 1.1% | ||||
Information Technology — 1.1% | ||||
9,183 | Netcompany Group A/S, 144a | 984,605 | ||
Total Common Stocks | $89,202,780 |
Shares | Market Value | |||
Short-Term Investment Fund — 0.2% | ||||
138,346 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | $ 138,346 | ||
Total Investment Securities — 100.3% (Cost $73,966,186) | $89,341,126 | |||
Liabilities in Excess of Other Assets — (0.3)% | (231,498) | |||
Net Assets — 100.0% | $89,109,628 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
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 December 31, 2021, these securities were valued at $10,583,525 or 11.9% 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 | ||||
France | $— | $13,694,412 | $— | $13,694,412 |
India | 7,013,341 | 2,167,677 | — | 9,181,018 |
Canada | 8,795,980 | — | — | 8,795,980 |
United Kingdom | 1,439,914 | 6,760,703 | — | 8,200,617 |
United States | 6,441,850 | — | — | 6,441,850 |
Switzerland | — | 6,255,692 | — | 6,255,692 |
Israel | 4,733,124 | — | — | 4,733,124 |
China | — | 4,721,326 | — | 4,721,326 |
Germany | 2,686,479 | 1,868,765 | — | 4,555,244 |
Japan | — | 3,649,098 | — | 3,649,098 |
Sweden | — | 3,437,414 | — | 3,437,414 |
Taiwan | 3,327,775 | — | — | 3,327,775 |
South Korea | — | 2,999,632 | — | 2,999,632 |
Singapore | — | 2,840,884 | — | 2,840,884 |
Italy | — | 2,628,205 | — | 2,628,205 |
Spain | 1,390,175 | — | — | 1,390,175 |
Thailand | — | 1,365,729 | — | 1,365,729 |
Denmark | — | 984,605 | — | 984,605 |
Short-Term Investment Fund | 138,346 | — | — | 138,346 |
Total | $35,966,984 | $53,374,142 | $— | $89,341,126 |
Shares | Market Value | |||
Common Stocks — 96.1% | ||||
Information Technology — 27.1% | ||||
1,201,107 | Apple, Inc. | $ 213,280,570 | ||
278,071 | International Business Machines Corp. | 37,166,970 | ||
824,262 | Microsoft Corp. | 277,215,796 | ||
701,356 | Oracle Corp. | 61,165,257 | ||
321,608 | salesforce.com, Inc.* | 81,730,241 | ||
571,750 | SS&C Technologies Holdings, Inc. | 46,872,065 | ||
315,055 | Texas Instruments, Inc. | 59,378,416 | ||
272,285 | Visa, Inc. - Class A | 59,006,882 | ||
174,337 | Workday, Inc. - Class A* | 47,625,381 | ||
883,441,578 | ||||
Communication Services — 17.7% | ||||
66,596 | Alphabet, Inc. - Class C* | 192,701,520 | ||
1,011,459 | AT&T, Inc. | 24,881,891 | ||
1,153,810 | Comcast Corp. - Class A | 58,071,257 | ||
802,853 | Fox Corp. - Class A | 29,625,276 | ||
551,977 | Meta Platforms, Inc. - Class A* | 185,657,464 | ||
84,091 | Netflix, Inc.* | 50,659,782 | ||
220,347 | Walt Disney Co. (The)* | 34,129,547 | ||
575,726,737 | ||||
Health Care — 13.0% | ||||
348,761 | AmerisourceBergen Corp. | 46,346,849 | ||
493,851 | BioMarin Pharmaceutical, Inc.* | 43,631,736 | ||
1,201,507 | Bristol-Myers Squibb Co. | 74,913,962 | ||
262,196 | HCA Healthcare, Inc. | 67,363,396 | ||
517,873 | Johnson & Johnson | 88,592,534 | ||
204,648 | UnitedHealth Group, Inc. | 102,761,947 | ||
423,610,424 | ||||
Financials — 10.9% | ||||
2,071,544 | Bank of America Corp. | 92,162,992 | ||
404,814 | Berkshire Hathaway, Inc. - Class B* | 121,039,386 | ||
240,178 | Goldman Sachs Group, Inc. (The) | 91,880,094 | ||
158,046 | Signature Bank | 51,123,140 | ||
356,205,612 | ||||
Consumer Discretionary — 9.5% | ||||
142,903 | Airbnb, Inc. - Class A* | 23,791,920 | ||
192,099 | Alibaba Group Holding Ltd. (China) ADR* | 22,819,440 | ||
47,660 | Amazon.com, Inc.* | 158,914,644 | ||
518,650 | Hilton Worldwide Holdings, Inc.* | 80,904,214 | ||
198,238 | Starbucks Corp. | 23,187,899 | ||
309,618,117 | ||||
Industrials — 8.4% | ||||
125,584 | Deere & Co. | 43,061,498 | ||
94,428 | FedEx Corp. | 24,422,858 | ||
301,108 | Hubbell, Inc. | 62,711,763 | ||
134,017 | Parker-Hannifin Corp. | 42,633,488 |
Shares | Market Value | |||
Industrials — (Continued) | ||||
922,580 | Raytheon Technologies Corp. | $ 79,397,235 | ||
508,021 | Southwest Airlines Co.* | 21,763,619 | ||
273,990,461 | ||||
Consumer Staples — 3.4% | ||||
582,968 | Monster Beverage Corp.* | 55,988,247 | ||
594,112 | Philip Morris International, Inc. | 56,440,640 | ||
112,428,887 | ||||
Real Estate — 2.7% | ||||
325,433 | Jones Lang LaSalle, Inc.* | 87,652,124 | ||
Energy — 1.9% | ||||
614,529 | Exxon Mobil Corp. | 37,603,030 | ||
801,837 | Schlumberger NV | 24,015,018 | ||
61,618,048 | ||||
Materials — 1.5% | ||||
613,323 | DuPont de Nemours, Inc. | 49,544,232 | ||
Total Common Stocks | $3,133,836,220 | |||
Short-Term Investment Fund — 3.9% | ||||
127,886,428 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 127,886,428 | ||
Total Investment Securities—100.0% (Cost $1,809,231,734) | $3,261,722,648 | |||
Liabilities in Excess of Other Assets — (0.0%) | (601,763) | |||
Net Assets — 100.0% | $3,261,120,885 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $3,133,836,220 | $— | $— | $3,133,836,220 |
Short-Term Investment Fund | 127,886,428 | — | — | 127,886,428 |
Total | $3,261,722,648 | $— | $— | $3,261,722,648 |
Shares | Market Value | |||
Common Stocks — 98.7% | ||||
Information Technology — 18.8% | ||||
140,960 | Apple, Inc. | $ 25,030,267 | ||
157,780 | Cisco Systems, Inc. | 9,998,519 | ||
97,638 | Fiserv, Inc.* | 10,133,848 | ||
72,421 | Texas Instruments, Inc. | 13,649,186 | ||
59,643 | Visa, Inc. - Class A | 12,925,234 | ||
71,737,054 | ||||
Financials — 16.3% | ||||
83,878 | Berkshire Hathaway, Inc. - Class B* | 25,079,522 | ||
12,014 | BlackRock, Inc. | 10,999,538 | ||
197,655 | Charles Schwab Corp. (The) | 16,622,785 | ||
91,286 | Progressive Corp. (The) | 9,370,508 | ||
62,072,353 | ||||
Consumer Discretionary — 13.6% | ||||
84,432 | CarMax, Inc.* | 10,995,579 | ||
40,196 | Home Depot, Inc. (The) | 16,681,742 | ||
34,437 | Lowe's Cos., Inc. | 8,901,276 | ||
21,427 | O'Reilly Automotive, Inc.* | 15,132,390 | ||
51,710,987 | ||||
Communication Services — 12.9% | ||||
8,153 | Alphabet, Inc. - Class C* | 23,591,439 | ||
52,322 | Meta Platforms, Inc. - Class A* | 17,598,505 | ||
151,974 | Verizon Communications, Inc. | 7,896,569 | ||
49,086,513 | ||||
Consumer Staples — 10.1% | ||||
303,545 | Altria Group, Inc. | 14,384,998 | ||
112,113 | Church & Dwight Co., Inc. | 11,491,583 | ||
91,085 | Nestle SA (Switzerland) ADR | 12,785,601 | ||
38,662,182 | ||||
Industrials — 9.6% | ||||
47,732 | FedEx Corp. | 12,345,405 | ||
47,713 | Norfolk Southern Corp. | 14,204,637 | ||
28,202 | Old Dominion Freight Line, Inc. | 10,107,033 | ||
36,657,075 | ||||
Materials — 9.0% | ||||
34,786 | Air Products & Chemicals, Inc. | 10,583,989 | ||
34,958 | Martin Marietta Materials, Inc. | 15,399,698 | ||
24,260 | NewMarket Corp. | 8,314,387 | ||
34,298,074 |
Shares | Market Value | |||
Health Care — 5.1% | ||||
55,650 | Johnson & Johnson | $ 9,520,045 | ||
170,956 | Pfizer, Inc. | 10,094,952 | ||
19,614,997 | ||||
Real Estate — 3.3% | ||||
368,507 | STORE Capital Corp. REIT | 12,676,641 | ||
Total Common Stocks | $376,515,876 | |||
Short-Term Investment Fund — 1.5% | ||||
5,629,339 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 5,629,339 | ||
Total Investment Securities—100.2% (Cost $212,140,092) | $382,145,215 | |||
Liabilities in Excess of Other Assets — (0.2%) | (864,925) | |||
Net Assets — 100.0% | $381,280,290 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 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 | $376,515,876 | $— | $— | $376,515,876 |
Short-Term Investment Fund | 5,629,339 | — | — | 5,629,339 |
Total | $382,145,215 | $— | $— | $382,145,215 |
Shares | Market Value | |||
Common Stocks — 98.9% | ||||
Information Technology — 43.7% | ||||
21,960 | Adobe, Inc.* | $ 12,452,638 | ||
27,605 | Automatic Data Processing, Inc. | 6,806,841 | ||
43,150 | Fiserv, Inc.* | 4,478,538 | ||
26,425 | FleetCor Technologies, Inc.* | 5,914,972 | ||
40,625 | Global Payments, Inc. | 5,491,687 | ||
16,814 | Intuit, Inc. | 10,815,101 | ||
14,877 | Mastercard, Inc. - Class A | 5,345,604 | ||
99,375 | Microsoft Corp. | 33,421,800 | ||
34,725 | NVIDIA Corp. | 10,212,970 | ||
66,800 | PayPal Holdings, Inc.* | 12,597,144 | ||
52,089 | Visa, Inc. - Class A | 11,288,207 | ||
118,825,502 | ||||
Communication Services — 22.5% | ||||
9,765 | Alphabet, Inc. - Class A* | 28,289,596 | ||
60,975 | Meta Platforms, Inc. - Class A* | 20,508,941 | ||
20,475 | Netflix, Inc.* | 12,334,959 | ||
61,133,496 | ||||
Health Care — 8.4% | ||||
133,350 | Boston Scientific Corp.* | 5,664,708 | ||
46,500 | Neurocrine Biosciences, Inc.* | 3,960,405 | ||
14,600 | UnitedHealth Group, Inc. | 7,331,244 | ||
23,575 | Zoetis, Inc. | 5,753,007 | ||
22,709,364 | ||||
Consumer Discretionary — 7.9% | ||||
6,460 | Amazon.com, Inc.* | 21,539,836 | ||
Financials — 7.6% | ||||
22,550 | Aon PLC - Class A | 6,777,628 | ||
163,925 | Charles Schwab Corp. (The) | 13,786,093 | ||
20,563,721 | ||||
Consumer Staples — 4.4% | ||||
133,665 | Keurig Dr Pepper, Inc. | 4,926,892 | ||
72,125 | Monster Beverage Corp.* | 6,926,885 | ||
11,853,777 |
Shares | Market Value | |||
Materials — 2.3% | ||||
17,875 | Linde PLC (United Kingdom) | $ 6,192,436 | ||
Industrials — 2.1% | ||||
26,425 | United Parcel Service, Inc. - Class B | 5,663,935 | ||
Total Common Stocks | $268,482,067 | |||
Short-Term Investment Fund — 1.2% | ||||
3,264,481 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 3,264,481 | ||
Total Investment Securities—100.1% (Cost $155,202,529) | $271,746,548 | |||
Liabilities in Excess of Other Assets — (0.1%) | (204,568) | |||
Net Assets — 100.0% | $271,541,980 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
PLC – Public Limited Company |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $268,482,067 | $— | $— | $268,482,067 |
Short-Term Investment Fund | 3,264,481 | — | — | 3,264,481 |
Total | $271,746,548 | $— | $— | $271,746,548 |
Shares | Market Value | |||
Common Stocks — 98.9% | ||||
Consumer Discretionary — 19.4% | ||||
480,622 | American Eagle Outfitters, Inc. | $ 12,169,349 | ||
250,108 | Aritzia, Inc. (Canada)* | 10,350,728 | ||
392,414 | Foot Locker, Inc. | 17,121,023 | ||
56,868 | Fox Factory Holding Corp.* | 9,673,247 | ||
471,837 | Frontdoor, Inc.* | 17,292,826 | ||
209,414 | Grand Canyon Education, Inc.* | 17,948,874 | ||
704,720 | Leslie's, Inc.* | 16,673,675 | ||
253,068 | Malibu Boats, Inc. - Class A* | 17,393,364 | ||
113,126 | Oxford Industries, Inc. | 11,484,551 | ||
125,173 | Skyline Champion Corp.* | 9,886,163 | ||
351,574 | Steven Madden Ltd. | 16,337,644 | ||
115,456 | Texas Roadhouse, Inc. | 10,307,912 | ||
35,858 | TopBuild Corp.* | 9,893,581 | ||
358,395 | Zumiez, Inc.* | 17,199,376 | ||
193,732,313 | ||||
Industrials — 18.0% | ||||
85,861 | ASGN, Inc.* | 10,595,247 | ||
217,682 | Clean Harbors, Inc. * | 21,718,133 | ||
195,722 | Crane Co. | 19,910,799 | ||
81,180 | Curtiss-Wright Corp. | 11,257,231 | ||
93,554 | Forward Air Corp. | 11,328,454 | ||
148,533 | Gibraltar Industries, Inc.* | 9,904,181 | ||
655,277 | Great Lakes Dredge & Dock Corp.* | 10,300,955 | ||
101,525 | ITT, Inc. | 10,374,840 | ||
408,131 | JELD-WEN Holding, Inc.* | 10,758,333 | ||
61,951 | John Bean Technologies Corp. | 9,513,196 | ||
234,649 | KBR, Inc. | 11,173,985 | ||
85,206 | Quanta Services, Inc. | 9,769,720 | ||
69,480 | Regal Rexnord Corp. | 11,824,106 | ||
243,438 | SkyWest, Inc.* | 9,567,113 | ||
305,453 | Zurn Water Solutions Corp. | 11,118,489 | ||
179,114,782 | ||||
Health Care — 16.9% | ||||
601,245 | Allscripts Healthcare Solutions, Inc.* | 11,092,970 | ||
285,036 | Anika Therapeutics, Inc.* | 10,212,840 | ||
20,748 | Bio-Techne Corp. | 10,733,770 | ||
20,369 | Chemed Corp. | 10,776,016 | ||
170,791 | Encompass Health Corp. | 11,145,821 | ||
130,677 | Ensign Group, Inc. (The) | 10,971,641 | ||
148,050 | Globus Medical, Inc. - Class A* | 10,689,210 | ||
165,696 | Integra LifeSciences Holdings Corp.* | 11,099,975 | ||
86,140 | LHC Group, Inc.* | 11,820,992 | ||
205,203 | NuVasive, Inc.* | 10,769,053 | ||
55,333 | Omnicell, Inc.* | 9,984,287 | ||
586,375 | Premier, Inc. - Class A | 24,141,059 | ||
157,650 | Progyny, Inc.* | 7,937,678 | ||
310,571 | Tactile Systems Technology, Inc.* | 5,910,166 | ||
169,935 | Vocera Communications, Inc.* | 11,018,585 | ||
168,304,063 | ||||
Information Technology — 16.5% | ||||
580,778 | 8x8, Inc.* | 9,733,839 | ||
108,800 | Advanced Energy Industries, Inc. | 9,907,328 | ||
848,257 | Box, Inc. - Class A* | 22,215,851 | ||
538,603 | Cognyte Software Ltd. (Israel)* | 8,439,909 | ||
146,937 | CommVault Systems, Inc.* | 10,126,898 | ||
455,087 | Digi International, Inc.* | 11,181,488 | ||
76,899 | ExlService Holdings, Inc.* | 11,132,668 | ||
149,430 | MAXIMUS, Inc. | 11,905,088 | ||
177,504 | Onto Innovation, Inc.* | 17,968,730 | ||
72,757 | Qualys, Inc.* | 9,983,715 |
Shares | Market Value | |||
Information Technology — (Continued) | ||||
65,557 | SPS Commerce, Inc.* | $ 9,332,039 | ||
287,276 | Tower Semiconductor Ltd. (Israel)* | 11,399,112 | ||
216,608 | Verint Systems, Inc.* | 11,374,086 | ||
112,862 | WNS Holdings Ltd. (India) ADR* | 9,956,686 | ||
164,657,437 | ||||
Financials — 12.9% | ||||
255,775 | Ameris Bancorp | 12,706,902 | ||
80,022 | Evercore, Inc. - Class A | 10,870,989 | ||
1,153,317 | FNB Corp. | 13,989,735 | ||
180,579 | Independent Bank Group, Inc. | 13,028,775 | ||
319,040 | Pacific Premier Bancorp, Inc. | 12,771,171 | ||
141,203 | Pinnacle Financial Partners, Inc. | 13,484,887 | ||
141,580 | PJT Partners, Inc. - Class A | 10,489,662 | ||
940,076 | Valley National Bancorp | 12,926,045 | ||
253,249 | Webster Financial Corp. | 14,141,424 | ||
134,933 | Western Alliance Bancorp | 14,525,537 | ||
128,935,127 | ||||
Real Estate — 5.9% | ||||
166,234 | Agree Realty Corp. REIT | 11,862,458 | ||
852,975 | Corporate Office Properties Trust REIT | 23,857,711 | ||
351,598 | Healthcare Realty Trust, Inc. REIT | 11,124,561 | ||
243,961 | STAG Industrial, Inc. REIT | 11,700,369 | ||
58,545,099 | ||||
Materials — 5.4% | ||||
197,360 | Ashland Global Holdings, Inc. | 21,247,778 | ||
362,857 | Axalta Coating Systems Ltd. * | 12,017,824 | ||
63,041 | Eagle Materials, Inc. | 10,493,805 | ||
241,742 | Silgan Holdings, Inc. | 10,356,227 | ||
54,115,634 | ||||
Communication Services — 3.8% | ||||
345,691 | Cargurus, Inc.* | 11,629,045 | ||
580,230 | QuinStreet, Inc.* | 10,554,384 | ||
144,090 | Ziff Davis, Inc.* | 15,973,817 | ||
38,157,246 | ||||
Consumer Staples — 0.1% | ||||
52,318 | Mission Produce, Inc.* | 821,393 | ||
Total Common Stocks | $986,383,094 | |||
Short-Term Investment Fund — 1.7% | ||||
16,990,307 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 16,990,307 | ||
Total Investment Securities—100.6% (Cost $715,303,557) | $1,003,373,401 | |||
Liabilities in Excess of Other Assets — (0.6%) | (5,672,164) | |||
Net Assets — 100.0% | $997,701,237 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 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 | $986,383,094 | $— | $— | $986,383,094 |
Short-Term Investment Fund | 16,990,307 | — | — | 16,990,307 |
Total | $1,003,373,401 | $— | $— | $1,003,373,401 |
Shares | Market Value | |||
Common Stocks — 98.4% | ||||
Financials — 18.1% | ||||
54,700 | American Express Co. | $ 8,948,920 | ||
227,010 | American International Group, Inc. | 12,907,789 | ||
58,171 | Citigroup, Inc. | 3,512,947 | ||
21,408 | Goldman Sachs Group, Inc. (The) | 8,189,630 | ||
55,662 | JPMorgan Chase & Co. | 8,814,078 | ||
97,079 | Northern Trust Corp. | 11,611,619 | ||
87,558 | The Allstate Corp. | 10,301,199 | ||
232,068 | US Bancorp | 13,035,259 | ||
373,336 | Wells Fargo & Co. | 17,912,661 | ||
50,033 | Willis Towers Watson PLC | 11,882,337 | ||
107,116,439 | ||||
Consumer Discretionary — 16.4% | ||||
78,355 | Advance Auto Parts, Inc. | 18,795,796 | ||
324,103 | Aramark | 11,943,196 | ||
69,771 | Dollar General Corp. | 16,454,095 | ||
229,275 | Las Vegas Sands Corp.* | 8,629,911 | ||
57,052 | Lennar Corp. - Class A | 6,627,160 | ||
18,878 | Lithia Motors, Inc. | 5,605,822 | ||
63,799 | Lowe's Cos., Inc. | 16,490,766 | ||
103,912 | Ralph Lauren Corp. | 12,350,980 | ||
96,897,726 | ||||
Health Care — 14.3% | ||||
41,345 | Anthem, Inc. | 19,165,061 | ||
141,220 | CVS Health Corp. | 14,568,255 | ||
63,425 | Medtronic PLC | 6,561,316 | ||
222,360 | Merck & Co., Inc. | 17,041,671 | ||
288,031 | Perrigo Co. PLC | 11,204,406 | ||
31,971 | UnitedHealth Group, Inc. | 16,053,918 | ||
84,594,627 | ||||
Industrials — 12.1% | ||||
135,965 | AECOM | 10,516,893 | ||
42,179 | Deere & Co. | 14,462,757 | ||
94,877 | JB Hunt Transport Services, Inc. | 19,392,859 | ||
105,869 | Raytheon Technologies Corp. | 9,111,086 | ||
70,241 | Stanley Black & Decker, Inc. | 13,248,857 | ||
197,881 | Vertiv Holdings Co. | 4,941,089 | ||
71,673,541 | ||||
Materials — 10.0% | ||||
25,902 | Air Products & Chemicals, Inc. | 7,880,942 | ||
323,405 | Axalta Coating Systems Ltd. * | 10,711,174 | ||
297,245 | Corteva, Inc. | 14,053,744 | ||
95,616 | DuPont de Nemours, Inc. | 7,723,860 | ||
123,163 | International Flavors & Fragrances, Inc. | 18,554,506 | ||
58,924,226 | ||||
Information Technology — 8.5% | ||||
29,817 | Broadcom, Inc. | 19,840,530 | ||
155,891 | Cognizant Technology Solutions Corp. - Class A | 13,830,650 | ||
77,825 | Oracle Corp. | 6,787,118 | ||
51,610 | QUALCOMM, Inc. | 9,437,921 | ||
49,896,219 |
Shares | Market Value | |||
Energy — 8.2% | ||||
217,979 | Hess Corp. | $ 16,136,985 | ||
213,007 | Phillips 66 | 15,434,487 | ||
63,611 | Pioneer Natural Resources | 11,569,569 | ||
69,814 | Valero Energy Corp. | 5,243,730 | ||
48,384,771 | ||||
Communication Services — 5.5% | ||||
563,210 | Altice USA, Inc. - Class A* | 9,112,738 | ||
285,600 | Comcast Corp. - Class A | 14,374,248 | ||
74,934 | T-Mobile US, Inc.* | 8,690,845 | ||
32,177,831 | ||||
Real Estate — 2.0% | ||||
287,928 | MGM Growth Properties LLC - Class A REIT | 11,761,859 | ||
Consumer Staples — 1.9% | ||||
202,290 | Coca-Cola Europacific Partners PLC (United Kingdom) | 11,314,080 | ||
Utilities — 1.4% | ||||
144,924 | Exelon Corp. | 8,370,810 | ||
Total Common Stocks | $581,112,129 | |||
Short-Term Investment Fund — 1.5% | ||||
9,019,147 | Dreyfus Government Cash Management, Institutional Shares, 0.03%∞Ω | 9,019,147 | ||
Total Investment Securities—99.9% (Cost $458,378,331) | $590,131,276 | |||
Other Assets in Excess of Liabilities — 0.1% | 350,441 | |||
Net Assets — 100.0% | $590,481,717 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of December 31, 2021. |
Portfolio Abbreviations: |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $581,112,129 | $— | $— | $581,112,129 |
Short-Term Investment Fund | 9,019,147 | — | — | 9,019,147 |
Total | $590,131,276 | $— | $— | $590,131,276 |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | Touchstone International Equity Fund | Touchstone International Growth Fund | Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | |
Assets | ||||||
Investments, at cost | $744,944,322 | $65,627,958 | $118,041,558 | $73,966,186 | $1,809,231,734 | $212,140,092 |
Investments, at market value * | $984,103,634 | $67,932,665 | $127,515,779 | $89,341,126 | $3,261,722,648 | $382,145,215 |
Cash | — | 168 | — | — | — | — |
Foreign currency † | 1,048 | — | 188 | 19,241 | — | — |
Dividends and interest receivable | 1,817,005 | 421,372 | 81,641 | 18,933 | 974,733 | 518,252 |
Receivable for capital shares sold | 2,453,408 | 18,689 | 17,357 | 25,776 | 3,481,346 | 203,487 |
Receivable for investments sold | — | — | — | — | — | — |
Receivable for securities lending income | 1,186 | — | 155 | 381 | 189 | — |
Tax reclaim receivable | 1,223 | — | 619,842 | 157,058 | 360,768 | — |
Other assets | 36,232 | 3,763 | 13,641 | 25,447 | 66,103 | 10,045 |
Total Assets | 988,413,736 | 68,376,657 | 128,248,603 | 89,587,962 | 3,266,605,787 | 382,876,999 |
Liabilities | ||||||
Dividends payable | — | 10,954 | — | — | — | — |
Payable for return of collateral for securities on loan | 911,250 | — | 1,128,757 | — | — | — |
Deferred foreign capital gains tax | — | — | — | 170,350 | — | — |
Payable for capital shares redeemed | 931,610 | 83,813 | 298,138 | 143,735 | 2,197,306 | 1,209,144 |
Payable for investments purchased | — | 348,056 | — | — | — | — |
Payable to Investment Advisor | 478,189 | 16,534 | 68,548 | 35,407 | 1,376,203 | 166,093 |
Payable to other affiliates | 319,190 | 9,966 | 35,711 | 11,060 | 876,365 | 44,425 |
Payable to Trustees | 17,495 | 17,495 | 17,495 | 17,495 | 17,495 | 17,495 |
Payable for professional services | 31,291 | 17,869 | 46,282 | 49,953 | 47,315 | 19,238 |
Payable for transfer agent services | 312,230 | 11,834 | 92,395 | 47,918 | 887,998 | 121,751 |
Other accrued expenses and liabilities | 19,510 | 8,390 | 14,196 | 2,416 | 82,220 | 18,563 |
Total Liabilities | 3,020,765 | 524,911 | 1,701,522 | 478,334 | 5,484,902 | 1,596,709 |
Net Assets | $985,392,971 | $67,851,746 | $126,547,081 | $89,109,628 | $3,261,120,885 | $381,280,290 |
Net assets consist of: | ||||||
Paid-in capital | 741,307,832 | 64,300,370 | 116,187,735 | 81,351,887 | 1,782,185,214 | 207,038,637 |
Distributable earnings (deficit) | 244,085,139 | 3,551,376 | 10,359,346 | 7,757,741 | 1,478,935,671 | 174,241,653 |
Net Assets | $985,392,971 | $67,851,746 | $126,547,081 | $89,109,628 | $3,261,120,885 | $381,280,290 |
*Includes market value of securities on loan of: | $892,822 | $— | $1,105,297 | $— | $— | $— |
†Cost of foreign currency: | $1,017 | $— | $183 | $19,166 | $— | $— |
Touchstone Large Company Growth Fund | Touchstone Small Company Fund | Touchstone Value Fund |
$155,202,529 | $715,303,557 | $458,378,331 |
$271,746,548 | $1,003,373,401 | $590,131,276 |
— | — | — |
— | — | — |
28,709 | 559,740 | 968,806 |
30,150 | 503,693 | 529,383 |
— | 1,495,240 | — |
— | 403 | — |
— | — | — |
275 | 14,652 | 27,644 |
271,805,682 | 1,005,947,129 | 591,657,109 |
— | — | — |
— | — | — |
— | — | — |
20,007 | 1,102,732 | 618,391 |
— | 5,826,427 | — |
109,978 | 530,735 | 250,041 |
30,502 | 255,447 | 104,481 |
17,495 | 17,495 | 17,495 |
18,262 | 27,167 | 18,220 |
56,555 | 440,682 | 157,026 |
10,903 | 45,207 | 9,738 |
263,702 | 8,245,892 | 1,175,392 |
$271,541,980 | $997,701,237 | $590,481,717 |
144,338,766 | 684,498,223 | 449,761,724 |
127,203,214 | 313,203,014 | 140,719,993 |
$271,541,980 | $997,701,237 | $590,481,717 |
$— | $— | $— |
$— | $— | $— |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | Touchstone International Equity Fund | Touchstone International Growth Fund | Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | |
Pricing of Class A Shares | ||||||
Net assets applicable to Class A shares | $654,026,121 | $30,481,133 | $96,159,713 | $1,830,754 | $2,257,367,520 | $5,223,891 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 25,174,113 | 2,572,862 | 6,201,711 | 130,871 | 38,420,985 | 273,705 |
Net asset value price per share* | $25.98 | $11.85 | $15.51 | $13.99 | $58.75 | $19.09 |
Maximum sales charge - Class A shares | 5.00% | 3.25% | 5.00% | 5.00% | 5.00% | 5.00% |
Maximum offering price per share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) - Class A shares | $27.35 | $12.25 | $16.33 | $14.73 | $61.84 | $20.09 |
Pricing of Class C Shares | ||||||
Net assets applicable to Class C shares | $90,007,088 | $1,272,915 | $3,211,317 | $1,107,030 | $67,276,141 | $4,027,277 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 3,459,111 | 107,240 | 225,361 | 82,342 | 1,262,827 | 214,670 |
Net asset value and offering price per share** | $26.02 | $11.87 | $14.25 | $13.44 | $53.27 | $18.76 |
Pricing of Class Y Shares | ||||||
Net assets applicable to Class Y shares | $241,357,238 | $3,559,700 | $23,161,259 | $66,523,394 | $708,146,171 | $274,768,119 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 9,377,902 | 300,128 | 1,517,507 | 4,624,101 | 12,084,110 | 14,391,183 |
Net asset value, offering price and redemption price per share | $25.74 | $11.86 | $15.26 | $14.39 | $58.60 | $19.09 |
Pricing of Institutional Class Shares | ||||||
Net assets applicable to Institutional Class shares | $— | $32,537,998 | $4,014,792 | $19,648,450 | $228,328,519 | $97,261,003 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | — | 2,744,190 | 263,734 | 1,354,865 | 3,889,720 | 5,088,839 |
Net asset value, offering price and redemption price per share | $— | $11.86 | $15.22 | $14.50 | $58.70 | $19.11 |
Pricing of Class R6 Shares | ||||||
Net assets applicable to Class R6 shares | $2,524 | $— | $— | $— | $2,534 | $— |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 98 | — | — | — | 43 | — |
Net asset value, offering price and redemption price per share | $25.74 | $— | $— | $— | $58.72 | $— |
* | There is no sales load on subscriptions of $1 million or more for all funds except for Core Municipal Bond Fund. There is no sales load on subscriptions of $500,000 or more for Core Municipal Bond 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 Large Company Growth Fund | Touchstone Small Company Fund | Touchstone Value Fund |
$3,961,675 | $605,449,558 | $180,277,426 |
80,714 | 104,317,625 | 16,215,110 |
$49.08 | $5.80 | $11.12 |
5.00% | 5.00% | 5.00% |
$51.66 | $6.11 | $11.71 |
$412,755 | $23,864,719 | $5,497,669 |
8,930 | 10,832,466 | 496,132 |
$46.22 | $2.20 | $11.08 |
$26,970,340 | $279,403,400 | $105,019,436 |
538,997 | 42,132,342 | 9,398,676 |
$50.04 | $6.63 | $11.17 |
$240,197,210 | $21,419,151 | $299,684,658 |
4,762,121 | 3,231,857 | 26,911,909 |
$50.44 | $6.63 | $11.14 |
$— | $67,564,409 | $2,528 |
— | 11,143,889 | 227 |
$— | $6.06 | $11.14 |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | Touchstone International Equity Fund | Touchstone International Growth Fund | Touchstone Large Cap Focused Fund | |
Investment Income | |||||
Dividends* | $3,569,037 | $— | $961,700 | $255,128 | $16,630,482 |
Interest | 2,833,223 | 770,623 | — | — | — |
Income from securities loaned | 1,823 | — | 1,510 | 1,452 | 525 |
Total Investment Income | 6,404,083 | 770,623 | 963,210 | 256,580 | 16,631,007 |
Expenses | |||||
Investment advisory fees | 2,260,169 | 157,181 | 474,843 | 376,550 | 8,161,048 |
Administration fees | 592,755 | 42,879 | 85,899 | 59,660 | 1,999,992 |
Compliance fees and expenses | 1,546 | 1,546 | 1,546 | 1,546 | 1,546 |
Custody fees | 26,521 | 2,966 | 16,676 | 8,572 | 17,811 |
Professional fees | 22,811 | 13,500 | 27,806 | 25,048 | 40,271 |
Transfer Agent fees, Class A | 173,660 | 7,604 | 52,977 | 1,666 | 465,647 |
Transfer Agent fees, Class C | 25,449 | 241 | 2,278 | 896 | 22,582 |
Transfer Agent fees, Class Y | 77,943 | 1,317 | 14,097 | 39,301 | 280,796 |
Transfer Agent fees, Institutional Class | — | 362 | 89 | 5,958 | 45,778 |
Transfer Agent fees, Class R6 | 13 | — | — | — | 13 |
Registration Fees, Class A | 12,032 | 6,276 | 9,337 | 5,014 | 15,657 |
Registration Fees, Class C | 8,375 | 1,984 | 7,885 | 5,482 | 7,662 |
Registration Fees, Class Y | 16,396 | 4,449 | 7,805 | 5,193 | 19,048 |
Registration Fees, Institutional Class | — | 2,032 | 5,349 | 4,714 | 7,891 |
Registration Fees, Class R6 | 566 | — | — | — | 566 |
Reports to Shareholders, Class A | 11,363 | 1,489 | 3,535 | 1,569 | 9,794 |
Reports to Shareholders, Class C | 2,317 | 1,281 | 1,588 | 1,503 | 2,163 |
Reports to Shareholders, Class Y | 4,238 | 1,289 | 1,801 | 3,504 | 6,567 |
Reports to Shareholders, Institutional Class | — | 1,275 | 1,377 | 1,540 | 3,197 |
Reports to Shareholders, Class R6 | 307 | — | — | — | 307 |
Distribution and shareholder servicing expenses, Class A | 787,400 | 38,549 | 128,884 | 2,426 | 2,756,712 |
Distribution and shareholder servicing expenses, Class C | 421,270 | 6,135 | 17,064 | 5,905 | 317,477 |
Trustee fees | 12,139 | 12,139 | 12,139 | 12,139 | 12,139 |
Other expenses | 50,811 | 12,044 | 38,520 | 31,301 | 256,110 |
Total Expenses | 4,508,081 | 316,538 | 911,495 | 599,487 | 14,450,774 |
Fees waived and/or reimbursed by the Advisor and/or Affiliates(A) | (887) | (83,376) | (40,894) | (135,846) | (103,709) |
Fees eligible for recoupment by the Advisor(A) | 81,985 | — | — | — | — |
Net Expenses | 4,589,179 | 233,162 | 870,601 | 463,641 | 14,347,065 |
Net Investment Income (Loss) | 1,814,904 | 537,461 | 92,609 | (207,061) | 2,283,942 |
Realized and Unrealized Gains (Losses) on Investments | |||||
Net realized gains (losses) on investments(B) | 21,111,470 | 1,271,886 | 11,567,833 | (3,075,181) | 160,147,164 |
Net realized gains on futures contracts | 222,819 | — | — | — | — |
Net realized losses on foreign currency transactions | — | — | (90,194) | (23,621) | — |
Net change in unrealized appreciation (depreciation) on investments†(C) | 16,236,701 | (1,551,157) | (19,240,959) | (5,505,799) | 49,210,282 |
Net change in unrealized appreciation (depreciation) on futures contracts | 313 | — | — | — | — |
Net change in unrealized appreciation (depreciation) on foreign currency transactions | (19) | — | 3,427 | (5,445) | — |
Net Realized and Unrealized Gains (Losses) on Investments | 37,571,284 | (279,271) | (7,759,893) | (8,610,046) | 209,357,446 |
Change in Net Assets Resulting from Operations | $39,386,188 | $258,190 | $(7,667,284) | $(8,817,107) | $211,641,388 |
*Net of foreign tax withholding of: | $— | $— | $86,558 | $22,625 | $— |
†Includes increase in deferred foreign capital gains tax of: | $— | $— | $— | $170,350 | $— |
(A) | See Note 4 in Notes to Financial Statements. |
(B) | For the six months ended December 31, 2021, Large Cap Focused Fund, Large Cap Fund, Large Company Growth Fund and Small Company Fund had redemptions-in-kind of securities in the amount of $55,808,873, $8,695,547, $6,568,480 and $32,389,391, respectively. Net realized gains (losses) on investments includes the realized gain on the transactions of $25,642,351, $3,921,852, $5,054,807 and $13,444,880, respectively, which will not be recognized by the Fund for tax purposes. |
(C) | Change in unrealized appreciation (depreciation) does not include net appreciation of $18,402,967, $5,530,353, $209,596,258 and $15,906,544 for the Touchstone Balanced Fund, Touchstone International Equity Fund, Touchstone Large Cap Focused Fund and Touchstone Value Fund in connection with the Funds' reorganization. See Note 9 in the Notes to Financial Statements. |
Touchstone Large Cap Fund | Touchstone Large Company Growth Fund | Touchstone Small Company Fund | Touchstone Value Fund |
$2,826,822 | $481,816 | $4,696,208 | $5,892,809 |
— | — | — | — |
— | 1,459 | 1,553 | — |
2,826,822 | 483,275 | 4,697,761 | 5,892,809 |
1,130,335 | 807,747 | 3,329,247 | 1,751,114 |
238,717 | 170,588 | 634,608 | 366,162 |
1,546 | 1,546 | 1,546 | 1,546 |
10,240 | 4,327 | 17,766 | 9,087 |
14,895 | 14,134 | 21,265 | 17,313 |
1,654 | 1,353 | 207,997 | 51,762 |
811 | 238 | 12,938 | 1,348 |
89,877 | 14,244 | 145,955 | 47,366 |
3,433 | 38,358 | 4,078 | 55,508 |
— | — | 84 | 13 |
6,180 | 5,471 | 11,591 | 7,154 |
3,904 | 2,517 | 6,707 | 5,181 |
14,182 | 6,685 | 11,185 | 9,221 |
6,292 | 13,740 | 4,051 | 27,574 |
— | — | 6,099 | 567 |
1,306 | 1,296 | 11,206 | 6,165 |
1,314 | 1,266 | 2,220 | 1,405 |
5,950 | 1,422 | 8,387 | 2,757 |
1,276 | 1,610 | 1,478 | 3,221 |
— | — | 1,635 | 307 |
5,837 | 4,740 | 761,753 | 209,739 |
20,718 | 2,445 | 126,235 | 28,628 |
12,139 | 12,139 | 12,139 | 12,139 |
58,275 | 29,017 | 146,593 | 20,952 |
1,628,881 | 1,134,883 | 5,486,763 | 2,636,229 |
(157,276) | (164,282) | (94,409) | (221,146) |
— | — | — | — |
1,471,605 | 970,601 | 5,392,354 | 2,415,083 |
1,355,217 | (487,326) | (694,593) | 3,477,726 |
6,481,628 | 37,283,439 | 72,608,070 | 32,804,661 |
— | — | — | — |
— | — | (1,569) | — |
27,990,455 | (25,815,565) | (28,200,306) | (1,844,475) |
— | — | — | — |
— | — | — | — |
34,472,083 | 11,467,874 | 44,406,195 | 30,960,186 |
$35,827,300 | $10,980,548 | $43,711,602 | $34,437,912 |
$— | $— | $— | $— |
$— | $— | $— | $— |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | Touchstone International Equity Fund | ||||
For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | |
From Operations | ||||||
Net investment income (loss) | $1,814,904 | $3,124,533 | $537,461 | $1,211,675 | $92,609 | $811,340 |
Net realized gains (losses) on investments, futures contracts and foreign currency transactions | 21,334,289 | 32,138,897 | 1,271,886 | 61,169 | 11,477,639 | 13,205,169 |
Net change in unrealized appreciation (depreciation) on investments, futures contracts and foreign currency transactions | 16,236,995 | 78,354,237 | (1,551,157) | 179,252 | (19,237,532) | 23,636,169 |
Change in Net Assets from Operations | 39,386,188 | 113,617,667 | 258,190 | 1,452,096 | (7,667,284) | 37,652,678 |
Distributions to Shareholders: | ||||||
Distributed earnings, Class A | (16,671,677) | (20,171,816) | (243,396) | (759,648) | (12,810,410) | (394,252) |
Distributed earnings, Class C | (2,017,933) | (3,376,561) | (4,999) | (20,387) | (443,920) | (503) |
Distributed earnings, Class Y | (6,266,112) | (10,441,301) | (32,296) | (72,530) | (3,217,018) | (151,009) |
Distributed earnings, Institutional Class | — | — | (299,472) | (359,126) | (555,566) | (102,145) |
Distributed earnings, Class R6 | (63) | — | — | — | — | — |
Total Distributions | (24,955,785) | (33,989,678) | (580,163) | (1,211,691) | (17,026,914) | (647,909) |
Change in Net Assets from Share Transactions(A) | 385,621,796 | 116,319,904 | 18,193,982 | 229,658 | 28,886,802 | (32,507,841) |
Total Increase (Decrease) in Net Assets | 400,052,199 | 195,947,893 | 17,872,009 | 470,063 | 4,192,604 | 4,496,928 |
Net Assets | ||||||
Beginning of period | 585,340,772 | 389,392,879 | 49,979,737 | 49,509,674 | 122,354,477 | 117,857,549 |
End of period | $985,392,971 | $585,340,772 | $67,851,746 | $49,979,737 | $126,547,081 | $122,354,477 |
(A) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity on page 34 to 37. |
Touchstone International Growth Fund | Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | Touchstone Large Company Growth Fund | ||||
For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 |
$(207,061) | $(324,122) | $2,283,942 | $4,381,657 | $1,355,217 | $3,265,990 | $(487,326) | $(955,947) |
(3,098,802) | 21,844,022 | 160,147,164 | 223,307,044 | 6,481,628 | 14,682,457 | 37,283,439 | 46,369,147 |
(5,511,244) | (2,303,009) | 49,210,282 | 516,360,601 | 27,990,455 | 85,403,699 | (25,815,565) | 34,594,589 |
(8,817,107) | 19,216,891 | 211,641,388 | 744,049,302 | 35,827,300 | 103,352,146 | 10,980,548 | 80,007,789 |
— | — | (144,110,933) | (72,232,394) | (138,544) | (27,980) | (686,500) | (322,644) |
— | — | (4,540,418) | (2,013,341) | (84,629) | — | (91,216) | (75,536) |
— | — | (46,283,019) | (23,353,681) | (7,855,117) | (2,756,697) | (4,818,063) | (3,492,139) |
(362) | (29,001) | (15,167,079) | (8,585,123) | (2,885,087) | (904,834) | (42,296,250) | (26,267,865) |
— | — | (165) | — | — | — | — | — |
(362) | (29,001) | (210,101,614) | (106,184,539) | (10,963,377) | (3,689,511) | (47,892,029) | (30,158,184) |
(3,446,687) | 50,853,513 | 894,481,317 | 89,413,334 | (12,853,001) | (5,958,798) | 45,721,953 | (13,485,397) |
(12,264,156) | 70,041,403 | 896,021,091 | 727,278,097 | 12,010,922 | 93,703,837 | 8,810,472 | 36,364,208 |
101,373,784 | 31,332,381 | 2,365,099,794 | 1,637,821,697 | 369,269,368 | 275,565,531 | 262,731,508 | 226,367,300 |
$89,109,628 | $101,373,784 | $3,261,120,885 | $2,365,099,794 | $381,280,290 | $369,269,368 | $271,541,980 | $262,731,508 |
Touchstone Small Company Fund | Touchstone Value Fund | |||
For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | |
From Operations | ||||
Net investment income (loss) | $(694,593) | $(3,042,778) | $3,477,726 | $4,453,429 |
Net realized gains (losses) on investments and foreign currency transactions | 72,606,501 | 201,596,566 | 32,804,661 | 21,403,643 |
Net change in unrealized appreciation (depreciation) on investments | (28,200,306) | 208,112,135 | (1,844,475) | 95,152,352 |
Change in Net Assets from Operations | 43,711,602 | 406,665,923 | 34,437,912 | 121,009,424 |
Distributions to Shareholders: | ||||
Distributed earnings, Class A | (100,933,143) | (526,115) | (13,624,602) | (776,520) |
Distributed earnings, Class C | (8,485,889) | (48,748) | (428,321) | (34,628) |
Distributed earnings, Class Y | (42,208,035) | (196,776) | (8,037,407) | (2,368,580) |
Distributed earnings, Institutional Class | (2,833,076) | (13,108) | (23,475,366) | (6,305,785) |
Distributed earnings, Class R6 | (10,437,867) | (57,850) | (187) | — |
Total Distributions | (164,898,010) | (842,597) | (45,565,883) | (9,485,513) |
Change in Net Assets from Share Transactions(A) | 119,286,729 | (113,421,577) | 176,952,977 | 57,417,338 |
Total Increase (Decrease) in Net Assets | (1,899,679) | 292,401,749 | 165,825,006 | 168,941,249 |
Net Assets | ||||
Beginning of period | 999,600,916 | 707,199,167 | 424,656,711 | 255,715,462 |
End of period | $997,701,237 | $999,600,916 | $590,481,717 | $424,656,711 |
(A) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity on page 37 to 38. |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | |||||||
For the Six Months Ended December 31, 2021 (Unaudited)(A) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A(B) | ||||||||
Proceeds from Shares issued | 1,061,488 | $27,687,653 | 1,466,609 | $34,722,660 | 32,778 | $388,142 | 117,818 | $1,400,793 |
Proceeds from Shares issued in connection with reorganization(C) | 12,703,235 | 326,253,191 | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | 612,409 | 15,801,057 | 833,000 | 19,264,341 | 16,622 | 196,936 | 50,202 | 596,606 |
Cost of Shares redeemed | (1,823,273) | (47,531,404) | (1,260,991) | (30,118,012) | (72,877) | (864,980) | (281,021) | (3,336,930) |
Change from Class A Share Transactions | 12,553,859 | 322,210,497 | 1,038,618 | 23,868,989 | (23,477) | (279,902) | (113,001) | (1,339,531) |
Class C | ||||||||
Proceeds from Shares issued | 529,283 | 13,849,501 | 1,079,296 | 25,816,477 | 10,446 | 124,122 | 6,947 | 82,902 |
Proceeds from Shares issued in connection with reorganization(C) | 721,908 | 18,587,124 | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | 77,652 | 2,003,428 | 141,948 | 3,289,385 | 418 | 4,958 | 1,669 | 19,873 |
Cost of Shares redeemed | (427,774) | (11,143,245) | (696,913) | (16,339,915) | (2,659) | (31,585) | (82,503) | (982,412) |
Change from Class C Share Transactions | 901,069 | 23,296,808 | 524,331 | 12,765,947 | 8,205 | 97,495 | (73,887) | (879,637) |
Class Y(D) | ||||||||
Proceeds from Shares issued | 1,907,216 | 49,370,994 | 4,074,596 | 95,993,587 | 31,035 | 369,242 | 134,759 | 1,602,926 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | 244,826 | 6,261,242 | 454,002 | 10,425,611 | 2,148 | 25,474 | 4,722 | 56,160 |
Cost of Shares redeemed | (600,959) | (15,520,308) | (1,131,521) | (26,734,230) | (22,785) | (270,049) | (70,525) | (839,958) |
Change from Class Y Share Transactions | 1,551,083 | 40,111,928 | 3,397,077 | 79,684,968 | 10,398 | 124,667 | 68,956 | 819,128 |
Institutional Class | ||||||||
Proceeds from Shares issued | — | — | — | — | 1,674,721 | 20,000,271 | 146,972 | 1,743,284 |
Proceeds from Shares issued in connection with reorganization | — | — | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | — | — | 24,722 | 292,990 | 29,346 | 349,022 |
Cost of Shares redeemed | — | — | — | — | (172,223) | (2,041,539) | (38,939) | (462,608) |
Change from Institutional Class Share Transactions | — | — | — | — | 1,527,220 | 18,251,722 | 137,379 | 1,629,698 |
Class R6 | ||||||||
Proceeds from Shares issued | 96 | 2,500 | — | — | — | — | — | — |
Reinvestment of distributions | 2 | 63 | — | — | — | — | — | — |
Change from Class R6 Share Transactions | 98 | 2,563 | — | — | — | — | — | — |
Change from Share Transactions | 15,006,109 | $385,621,796 | 4,960,026 | $116,319,904 | 1,522,346 | $18,193,982 | 19,447 | $229,658 |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(B) | Effective July 16, 2021, Class B shares of the AIG Active Allocation Fund and AIG Multi-Asset Allocation Fund were reorganized into Class A shares of the Touchstone Balanced Fund. |
(C) | See Note 9 in Notes to Financial Statements. |
(D) | Effective July 16, 2021, Class W shares of the AIG International Dividend Strategy Fund were reorganized into Class Y shares of the Touchstone International Equity Fund. |
Touchstone International Equity Fund | Touchstone International Growth Fund | ||||||
For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
366,769 | $6,768,567 | 207,265 | $3,466,458 | 12,846 | $185,803 | 17,989 | $289,648 |
2,291,115 | 43,002,245 | — | — | — | — | 97,100 | 1,290,678 |
— | — | — | — | — | — | 32,844 | — |
811,352 | 12,465,613 | 21,556 | 369,692 | — | — | — | — |
(1,928,832) | (35,456,371) | (1,149,415) | (18,959,641) | (26,352) | (381,998) | (38,276) | (564,950) |
1,540,404 | 26,780,054 | (920,594) | (15,123,491) | (13,506) | (196,195) | 109,657 | 1,015,376 |
14,778 | 229,526 | 11,590 | 194,768 | 3,715 | 51,263 | 29,320 | 430,015 |
122,778 | 2,140,804 | — | — | — | — | 48,931 | 631,074 |
— | — | — | — | — | — | 16,544 | — |
30,546 | 429,513 | 30 | 491 | — | — | — | — |
(63,263) | (1,061,967) | (50,705) | (745,214) | (10,221) | (143,469) | (24,564) | (372,108) |
104,839 | 1,737,876 | (39,085) | (549,955) | (6,506) | (92,206) | 70,231 | 688,981 |
113,119 | 1,980,585 | 349,073 | 6,178,013 | 103,473 | 1,557,717 | 77,402 | 1,153,585 |
53,869 | 998,993 | — | — | — | — | 5,338,452 | 72,719,437 |
— | — | — | — | — | — | 33,230 | — |
209,604 | 3,180,484 | 8,826 | 149,244 | — | — | — | — |
(354,818) | (6,271,302) | (597,691) | (9,525,838) | (204,176) | (3,006,289) | (762,790) | (11,389,617) |
21,774 | (111,240) | (239,792) | (3,198,581) | (100,703) | (1,448,572) | 4,686,294 | 62,483,405 |
717 | 12,694 | 326,028 | 5,389,374 | 72,708 | 1,101,447 | 134,196 | 2,022,011 |
— | — | — | — | — | — | 282,595 | 3,877,901 |
— | — | — | — | — | — | 1,095,088 | — |
36,664 | 555,566 | 6,055 | 102,145 | 25 | 360 | 1,123 | 28,917 |
(5,334) | (88,148) | (1,136,788) | (19,127,333) | (186,457) | (2,811,521) | (1,338,444) | (19,263,078) |
32,047 | 480,112 | (804,705) | (13,635,814) | (113,724) | (1,709,714) | 174,558 | (13,334,249) |
— | — | — | — | — | — | — | — |
— | — | — | — | — | — | — | — |
— | — | — | — | — | — | — | — |
1,699,064 | $28,886,802 | (2,004,176) | $(32,507,841) | (234,439) | $(3,446,687) | 5,040,740 | $50,853,513 |
Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | |||||||
For the Six Months Ended December 31, 2021 (Unaudited)(A) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A | ||||||||
Proceeds from Shares issued | 737,636 | $44,294,066 | 1,524,656 | $76,745,640 | 37,000 | $681,899 | 104,007 | $1,512,734 |
Proceeds from Shares issued in connection with reorganization(B) | 11,569,461 | 681,748,263 | — | — | — | — | — | — |
Reinvestment of distributions | 2,295,539 | 133,285,497 | 1,343,599 | 65,769,214 | 6,281 | 118,085 | 1,558 | 24,185 |
Cost of Shares redeemed | (2,446,279) | (146,531,145) | (3,086,035) | (155,866,155) | (9,051) | (168,195) | (95,257) | (1,367,690) |
Change from Class A Share Transactions | 12,156,357 | 712,796,681 | (217,780) | (13,351,301) | 34,230 | 631,789 | 10,308 | 169,229 |
Class C | ||||||||
Proceeds from Shares issued | 155,144 | 8,548,886 | 166,455 | 8,057,729 | 3,301 | 59,522 | 1,416 | 20,032 |
Proceeds from Shares issued in connection with reorganization(B) | 446,479 | 24,084,368 | — | — | — | — | — | — |
Reinvestment of distributions | 85,678 | 4,508,375 | 44,113 | 1,981,119 | 4,613 | 84,324 | — | — |
Cost of Shares redeemed | (199,507) | (10,988,571) | (391,914) | (17,295,180) | (40,164) | (720,970) | (174,814) | (2,535,160) |
Change from Class C Share Transactions | 487,794 | 26,153,058 | (181,346) | (7,256,332) | (32,250) | (577,124) | (173,398) | (2,515,128) |
Class Y(C) | ||||||||
Proceeds from Shares issued | 2,218,050 | 133,989,427 | 3,821,151 | 200,689,582 | 409,501 | 7,515,246 | 1,169,625 | 18,630,577 |
Proceeds from Shares issued in connection with reorganization(B) | 681,058 | 40,068,287 | — | — | — | — | — | — |
Reinvestment of distributions | 747,215 | 43,376,695 | 437,489 | 21,384,607 | 406,715 | 7,668,617 | 173,509 | 2,691,115 |
Cost of Shares redeemed | (1,379,443) | (82,592,956) | (2,789,494) | (139,140,516) | (1,539,630) | (28,857,977) | (2,051,020) | (32,393,077) |
Change from Class Y Share Transactions | 2,266,880 | 134,841,453 | 1,469,146 | 82,933,673 | (723,414) | (13,674,114) | (707,886) | (11,071,385) |
Institutional Class | ||||||||
Proceeds from Shares issued | 1,659,318 | 99,892,633 | 3,340,243 | 166,343,316 | 847,287 | 15,663,140 | 2,119,773 | 34,538,882 |
Reinvestment of distributions | 258,156 | 15,015,301 | 173,680 | 8,505,633 | 134,811 | 2,547,446 | 56,203 | 872,839 |
Cost of Shares redeemed | (1,559,733) | (94,220,474) | (3,011,062) | (147,761,655) | (938,849) | (17,444,138) | (1,743,984) | (27,953,235) |
Change from Institutional Class Share Transactions | 357,741 | 20,687,460 | 502,861 | 27,087,294 | 43,249 | 766,448 | 431,992 | 7,458,486 |
Class R6 | ||||||||
Proceeds from Shares issued | 40 | 2,500 | — | — | — | — | — | — |
Reinvestment of distributions | 3 | 165 | — | — | — | — | — | — |
Cost of Shares redeemed | — | — | — | — | — | — | — | — |
Change from Class R6 Share Transactions | 43 | 2,665 | — | — | — | — | — | — |
Change from Share Transactions | 15,268,815 | $894,481,317 | 1,572,881 | $89,413,334 | (678,185) | $(12,853,001) | (438,984) | $(5,958,798) |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(B) | See Note 9 in Notes to Financial Statements. |
(C) | Effective July 16, 2021, Class W shares of the AIG Focused Alpha Large-Cap Fund were reorganized into Class Y shares of the Touchstone Large Cap Focused Fund. |
Touchstone Large Company Growth Fund | Touchstone Small Company Fund | ||||||
For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | For the Six Months Ended December 31, 2021 (Unaudited) | For the Year Ended June 30, 2021 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
8,187 | $466,115 | 30,562 | $1,579,939 | 1,703,972 | $10,939,846 | 3,075,590 | $17,218,868 |
— | — | — | — | — | — | — | — |
14,010 | 686,500 | 6,746 | 322,644 | 16,920,322 | 96,615,036 | 93,455 | 505,592 |
(4,652) | (269,192) | (18,633) | (968,868) | (5,552,001) | (35,998,311) | (15,524,699) | (80,974,108) |
17,545 | 883,423 | 18,675 | 933,715 | 13,072,293 | 71,556,571 | (12,355,654) | (63,249,648) |
290 | 16,422 | 1,658 | 82,710 | 287,451 | 861,925 | 628,972 | 1,798,689 |
— | — | — | — | — | — | — | — |
1,916 | 88,481 | 1,612 | 73,982 | 3,878,624 | 8,416,614 | 18,373 | 48,323 |
(1,915) | (91,427) | (7,524) | (386,344) | (1,412,618) | (4,016,697) | (3,241,901) | (8,058,123) |
291 | 13,476 | (4,254) | (229,652) | 2,753,457 | 5,261,842 | (2,594,556) | (6,211,111) |
14,262 | 851,660 | 150,337 | 7,767,761 | 3,031,534 | 22,255,604 | 8,997,577 | 57,602,814 |
— | — | — | — | — | — | — | — |
96,442 | 4,817,277 | 72,037 | 3,491,645 | 6,441,959 | 42,001,575 | 32,470 | 195,796 |
(69,988) | (4,037,693) | (225,751) | (11,468,545) | (5,237,215) | (37,605,603) | (12,972,512) | (71,392,653) |
40,716 | 1,631,244 | (3,377) | (209,139) | 4,236,278 | 26,651,576 | (3,942,465) | (13,594,043) |
495,434 | 30,000,696 | 998,459 | 53,254,493 | 629,920 | 4,284,360 | 551,770 | 3,508,683 |
791,411 | 39,847,570 | 503,639 | 24,547,358 | 405,783 | 2,645,703 | 2,177 | 13,108 |
(453,760) | (26,654,456) | (1,715,936) | (91,782,172) | (325,051) | (2,365,388) | (528,096) | (3,157,833) |
833,085 | 43,193,810 | (213,838) | (13,980,321) | 710,652 | 4,564,675 | 25,851 | 363,958 |
— | — | — | — | 6,426,978 | 43,615,930 | 21,970,125 | 114,262,491 |
— | — | — | — | 1,747,162 | 10,413,085 | 10,144 | 56,706 |
— | — | — | — | (6,264,637) | (42,776,950) | (28,152,157) | (145,049,930) |
— | — | — | — | 1,909,503 | 11,252,065 | (6,171,888) | (30,730,733) |
891,637 | $45,721,953 | (202,794) | $(13,485,397) | 22,682,183 | $119,286,729 | (25,038,712) | $(113,421,577) |
Touchstone Value Fund | ||||
For the Six Months Ended December 31, 2021 (Unaudited)(A) | For the Year Ended June 30, 2021 | |||
Shares | Dollars | Shares | Dollars | |
Class A | ||||
Proceeds from Shares issued | 347,910 | $3,957,650 | 294,009 | $2,988,202 |
Proceeds from Shares issued in connection with reorganization(B) | 16,002,448 | 178,897,865 | — | — |
Reinvestment of distributions | 1,192,749 | 13,010,972 | 74,853 | 722,633 |
Cost of Shares redeemed | (4,223,867) | (46,767,425) | (563,236) | (5,436,299) |
Change from Class A Share Transactions | 13,319,240 | 149,099,062 | (194,374) | (1,725,464) |
Class C | ||||
Proceeds from Shares issued | 13,210 | 150,656 | 43,137 | 463,857 |
Proceeds from Shares issued in connection with reorganization(B) | 454,230 | 5,060,481 | — | — |
Reinvestment of distributions | 38,764 | 420,312 | 3,629 | 34,591 |
Cost of Shares redeemed | (180,856) | (2,032,193) | (150,389) | (1,401,306) |
Change from Class C Share Transactions | 325,348 | 3,599,256 | (103,623) | (902,858) |
Class Y(C) | ||||
Proceeds from Shares issued | 660,659 | 7,585,196 | 2,240,371 | 23,194,008 |
Proceeds from Shares issued in connection with reorganization(B) | 493,844 | 5,545,569 | — | — |
Reinvestment of distributions | 716,692 | 7,863,856 | 238,204 | 2,317,284 |
Cost of Shares redeemed | (1,243,343) | (14,251,429) | (3,105,283) | (28,962,292) |
Change from Class Y Share Transactions | 627,852 | 6,743,192 | (626,708) | (3,451,000) |
Institutional Class | ||||
Proceeds from Shares issued | 2,508,844 | 28,744,008 | 12,763,089 | 135,117,333 |
Reinvestment of distributions | 1,746,478 | 19,114,549 | 587,454 | 5,736,439 |
Cost of Shares redeemed | (2,643,920) | (30,349,777) | (7,394,847) | (77,357,112) |
Change from Institutional Class Share Transactions | 1,611,402 | 17,508,780 | 5,955,696 | 63,496,660 |
Class R6 | ||||
Proceeds from Shares issued | 210 | 2,500 | — | — |
Reinvestment of distributions | 17 | 187 | — | — |
Change from Class R6 Share Transactions | 227 | 2,687 | — | — |
Change from Share Transactions | 15,884,069 | $176,952,977 | 5,030,991 | $57,417,338 |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(B) | See Note 9 in Notes to Financial Statements. |
(C) | Effective July 16, 2021, Class W shares of the AIG Strategic Value Fund were reorganized into Class Y shares of the Touchstone Value Fund. |
Touchstone Balanced Fund—Class A | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $25.52 | $21.61 | $22.18 | $21.54 | $22.40 | $19.68 | $19.87 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.06(B) | 0.16(B) | 0.27 | 0.32 | 0.16 | 0.21 | 0.23(B) |
Net realized and unrealized gains on investments | 1.08 | 5.47 | 1.85 | 1.73 | 0.22 | 2.89 | 0.66 |
Total from investment operations | 1.14 | 5.63 | 2.12 | 2.05 | 0.38 | 3.10 | 0.89 |
Distributions from: | |||||||
Net investment income | (0.07) | (0.15) | (0.28) | (0.34) | (0.18) | (0.25) | (0.44) |
Realized capital gains | (0.61) | (1.57) | (2.41) | (1.07) | (1.06) | (0.13) | (0.64) |
Total distributions | (0.68) | (1.72) | (2.69) | (1.41) | (1.24) | (0.38) | (1.08) |
Net asset value at end of period | $25.98 | $25.52 | $21.61 | $22.18 | $21.54 | $22.40 | $19.68 |
Total return(C) | 4.47%(D) | 26.92% | 10.09% | 10.13% | 1.72%(D) | 15.95% | 4.75% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $654,026 | $322,009 | $250,298 | $244,037 | $239,056 | $258,279 | $264,910 |
Ratio to average net assets: | |||||||
Net expenses | 0.95%(E) | 1.01% | 1.01% | 1.01% | 1.01%(E) | 1.03% | 1.01% |
Gross expenses | 0.95%(E) | 1.03% | 1.07% | 1.09% | 1.07%(E) | 1.04% | 1.01% |
Net investment income | 0.42%(E) | 0.66% | 1.25% | 1.49% | 1.24%(E) | 0.99% | 1.20% |
Portfolio turnover rate | 54%(D)(F) | 60% | 135% | 81% | 119%(D) | 46% | 45% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(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) | Portfolio turnover excludes the purchases and sales of securities by the AIG Asset Allocation Fund and AIG Multi-Asset Allocation 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 Balanced Fund—Class C | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $25.59 | $21.72 | $22.29 | $21.63 | $22.46 | $19.73 | $19.93 |
Income (loss) from investment operations: | |||||||
Net investment income (loss) | (0.05)(B) | (0.03)(B) | 0.11 | 0.15 | 0.06 | 0.04 | 0.08(B) |
Net realized and unrealized gains on investments | 1.09 | 5.49 | 1.86 | 1.75 | 0.22 | 2.91 | 0.66 |
Total from investment operations | 1.04 | 5.46 | 1.97 | 1.90 | 0.28 | 2.95 | 0.74 |
Distributions from: | |||||||
Net investment income | — | (0.02) | (0.13) | (0.17) | (0.05) | (0.09) | (0.30) |
Realized capital gains | (0.61) | (1.57) | (2.41) | (1.07) | (1.06) | (0.13) | (0.64) |
Total distributions | (0.61) | (1.59) | (2.54) | (1.24) | (1.11) | (0.22) | (0.94) |
Net asset value at end of period | $26.02 | $25.59 | $21.72 | $22.29 | $21.63 | $22.46 | $19.73 |
Total return(C) | 4.08%(D) | 25.93% | 9.23% | 9.33% | 1.25%(D) | 15.09% | 3.91% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $90,007 | $65,455 | $44,174 | $34,380 | $39,769 | $42,800 | $43,066 |
Ratio to average net assets: | |||||||
Net expenses | 1.72%(E) | 1.78% | 1.78% | 1.78% | 1.78%(E) | 1.79% | 1.78% |
Gross expenses | 1.72%(E) | 1.81% | 1.88% | 1.89% | 1.86%(E) | 1.81% | 1.78% |
Net investment income (loss) | (0.35%)(E) | (0.11%) | 0.48% | 0.72% | 0.47%(E) | 0.23% | 0.43% |
Portfolio turnover rate | 54%(D)(F) | 60% | 135% | 81% | 119%(D) | 46% | 45% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(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) | Portfolio turnover excludes the purchases and sales of securities by the AIG Asset Allocation Fund and AIG Multi-Asset Allocation 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 Balanced Fund—Class Y | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017(B) | 2016 | |||
Net asset value at beginning of period | $25.28 | $21.43 | $22.01 | $21.39 | $22.26 | $19.57 | $19.78 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.08(C) | 0.20(C) | 0.32 | 0.35 | 0.19 | 0.28 | 0.27(C) |
Net realized and unrealized gains on investments | 1.07 | 5.41 | 1.84 | 1.72 | 0.22 | 2.84 | 0.65 |
Total from investment operations | 1.15 | 5.61 | 2.16 | 2.07 | 0.41 | 3.12 | 0.92 |
Distributions from: | |||||||
Net investment income | (0.08) | (0.19) | (0.33) | (0.38) | (0.22) | (0.30) | (0.49) |
Realized capital gains | (0.61) | (1.57) | (2.41) | (1.07) | (1.06) | (0.13) | (0.64) |
Total distributions | (0.69) | (1.76) | (2.74) | (1.45) | (1.28) | (0.43) | (1.13) |
Net asset value at end of period | $25.74 | $25.28 | $21.43 | $22.01 | $21.39 | $22.26 | $19.57 |
Total return | 4.58%(D) | 27.12% | 10.35% | 10.33% | 1.86%(D) | 16.20% | 4.94% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $241,357 | $197,877 | $94,921 | $60,638 | $30,612 | $31,215 | $14,477 |
Ratio to average net assets: | |||||||
Net expenses | 0.79%(E)(F) | 0.81% | 0.81% | 0.81% | 0.81%(E) | 0.78% | 0.81% |
Gross expenses | 0.72%(E) | 0.81% | 0.87% | 0.88% | 0.90%(E) | 0.80% | 0.81% |
Net investment income | 0.57%(E) | 0.86% | 1.45% | 1.69% | 1.44%(E) | 1.25% | 1.41% |
Portfolio turnover rate | 54%(D)(G) | 60% | 135% | 81% | 119%(D) | 46% | 45% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Effective October 28, 2017, Class I shares of the Sentinel Balanced Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(C) | The net investment income per share was based on average shares outstanding for the period. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | Net expenses include amounts eligible for recoupment by the Advisor. |
(G) | Portfolio turnover excludes the purchases and sales of securities by the AIG Asset Allocation Fund and AIG Multi-Asset Allocation 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 Balanced Fund—Class R6 | |
Selected Data for a Share Outstanding Throughout The Period | |
Period Ended December 31, 2021 (Unaudited)(A) | |
Net asset value at beginning of period | $26.15 |
Income (loss) from investment operations: | |
Net investment income | 0.03(B) |
Net realized and unrealized gains on investments | 0.22 |
Total from investment operations | 0.25 |
Distributions from: | |
Net investment income | (0.05) |
Realized capital gains | (0.61) |
Total distributions | (0.66) |
Net asset value at end of period | $25.74 |
Total return | 0.98%(C) |
Ratios and supplemental data: | |
Net assets at end of period (000's) | $3 |
Ratio to average net assets: | |
Net expenses | 0.64%(D) |
Gross expenses | 202.65%(D) |
Net investment income | 0.72%(D) |
Portfolio turnover rate | 54%(C)(E) |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(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 by the AIG Asset Allocation Fund and AIG Multi-Asset Allocation 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 Core Municipal Bond Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.89 | $11.83 | $11.63 | $11.33 | $11.55 | $12.04 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.09 | 0.28 | 0.30 | 0.32 | 0.33 | 0.35 |
Net realized and unrealized gains (losses) on investments | (0.03) | 0.06 | 0.21 | 0.30 | (0.22) | (0.47) |
Total from investment operations | 0.06 | 0.34 | 0.51 | 0.62 | 0.11 | (0.12) |
Distributions from: | ||||||
Net investment income | (0.09) | (0.28) | (0.30) | (0.32) | (0.33) | (0.35) |
Realized capital gains | (0.01) | — | (0.01) | — | — | (0.02) |
Total distributions | (0.10) | (0.28) | (0.31) | (0.32) | (0.33) | (0.37) |
Net asset value at end of period | $11.85 | $11.89 | $11.83 | $11.63 | $11.33 | $11.55 |
Total return(A) | 0.45%(B) | 2.90% | 4.38% | 5.60% | 0.99% | (1.03%) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $30,481 | $30,870 | $32,060 | $33,515 | $35,728 | $42,818 |
Ratio to average net assets: | ||||||
Net expenses | 0.83%(C) | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Gross expenses | 1.06%(C) | 1.15% | 1.18% | 1.15% | 1.13% | 1.13% |
Net investment income | 1.44%(C) | 2.35% | 2.53% | 2.85% | 2.91% | 2.98% |
Portfolio turnover rate | 72%(B) | 21% | 33% | 53% | 47% | 34% |
Touchstone Core Municipal Bond Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.91 | $11.85 | $11.65 | $11.33 | $11.57 | $12.06 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.04 | 0.18 | 0.21 | 0.23 | 0.25 | 0.26 |
Net realized and unrealized gains (losses) on investments | (0.03) | 0.07 | 0.21 | 0.33 | (0.24) | (0.47) |
Total from investment operations | 0.01 | 0.25 | 0.42 | 0.56 | 0.01 | (0.21) |
Distributions from: | ||||||
Net investment income | (0.04) | (0.19) | (0.21) | (0.24) | (0.25) | (0.26) |
Realized capital gains | (0.01) | — | (0.01) | — | — | (0.02) |
Total distributions | (0.05) | (0.19) | (0.22) | (0.24) | (0.25) | (0.28) |
Net asset value at end of period | $11.87 | $11.91 | $11.85 | $11.65 | $11.33 | $11.57 |
Total return(A) | 0.07%(B) | 2.13% | 3.61% | 4.97% | 0.06% | (1.77%) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,273 | $1,180 | $2,050 | $2,756 | $5,363 | $6,515 |
Ratio to average net assets: | ||||||
Net expenses | 1.58%(C) | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Gross expenses | 2.28%(C) | 2.27% | 2.32% | 2.08% | 2.01% | 2.03% |
Net investment income | 0.69%(C) | 1.60% | 1.78% | 2.10% | 2.16% | 2.23% |
Portfolio turnover rate | 72%(B) | 21% | 33% | 53% | 47% | 34% |
(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. |
Touchstone Core Municipal Bond Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A) | ||||
2021 | 2020 | 2019 | 2018 | |||
Net asset value at beginning of period | $11.90 | $11.85 | $11.64 | $11.33 | $11.56 | $12.00(B) |
Income (loss) from investment operations: | ||||||
Net investment income | 0.10 | 0.31 | 0.33 | 0.35 | 0.29 | 0.38 |
Net realized and unrealized gains (losses) on investments | (0.03) | 0.05 | 0.22 | 0.31 | (0.16) | (0.49) |
Total from investment operations | 0.07 | 0.36 | 0.55 | 0.66 | 0.13 | (0.11) |
Distributions from: | ||||||
Net investment income | (0.10) | (0.31) | (0.33) | (0.35) | (0.36) | (0.31) |
Realized capital gains | (0.01) | — | (0.01) | — | — | (0.02) |
Total distributions | (0.11) | (0.31) | (0.34) | (0.35) | (0.36) | (0.33) |
Net asset value at end of period | $11.86 | $11.90 | $11.85 | $11.64 | $11.33 | $11.56 |
Total return | 0.58%(C) | 3.07% | 4.73% | 5.96% | 1.15% | (0.90%)(C) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $3,560 | $3,449 | $2,616 | $3,031 | $4,596 | $2 |
Ratio to average net assets: | ||||||
Net expenses | 0.58%(D) | 0.60% | 0.60% | 0.60% | 0.60% | 0.60%(D) |
Gross expenses | 1.11%(D) | 1.25% | 1.31% | 1.05% | 1.16% | 298.27%(D) |
Net investment income | 1.69%(D) | 2.60% | 2.78% | 3.10% | 3.16% | 4.00%(D) |
Portfolio turnover rate | 72%(C) | 21% | 33% | 53% | 47% | 34% |
Touchstone Core Municipal Bond Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A) | ||||
2021 | 2020 | 2019 | 2018 | |||
Net asset value at beginning of period | $11.90 | $11.84 | $11.64 | $11.33 | $11.56 | $12.00(B) |
Income (loss) from investment operations: | ||||||
Net investment income | 0.11 | 0.32 | 0.33 | 0.36 | 0.30 | 0.39 |
Net realized and unrealized gains (losses) on investments | (0.03) | 0.06 | 0.21 | 0.31 | (0.16) | (0.50) |
Total from investment operations | 0.08 | 0.38 | 0.54 | 0.67 | 0.14 | (0.11) |
Distributions from: | ||||||
Net investment income | (0.11) | (0.32) | (0.33) | (0.36) | (0.37) | (0.31) |
Realized capital gains | (0.01) | — | (0.01) | — | — | (0.02) |
Total distributions | (0.12) | (0.32) | (0.34) | (0.36) | (0.37) | (0.33) |
Net asset value at end of period | $11.86 | $11.90 | $11.84 | $11.64 | $11.33 | $11.56 |
Total return | 0.61%(C) | 3.20% | 4.69% | 6.05% | 1.18% | (0.90%)(C) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $32,538 | $14,481 | $12,785 | $7,913 | $560 | $2 |
Ratio to average net assets: | ||||||
Net expenses | 0.53%(D) | 0.55% | 0.55% | 0.55% | 0.55% | 0.55%(D) |
Gross expenses | 0.74%(D) | 0.85% | 0.91% | 0.96% | 2.54% | 298.26%(D) |
Net investment income | 1.75%(D) | 2.65% | 2.83% | 3.15% | 3.21% | 4.04%(D) |
Portfolio turnover rate | 72%(C) | 21% | 33% | 53% | 47% | 34% |
(A) | Represents the period from commencement of operations (August 31, 2016) through June 30, 2017. |
(B) | Net asset value at the beginning of period is based on the net asset value of Class A shares on August 31, 2016. |
(C) | Not annualized. |
(D) | Annualized. |
Touchstone International Equity Fund—Class A | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $18.88 | $13.93 | $15.65 | $18.15 | $19.64 | $15.52 | $16.92 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.01(B) | 0.09(B) | 0.08(B) | 0.20(B) | 0.36(C) | 0.17 | 0.18(B) |
Net realized and unrealized gains (losses) on investments | (1.06) | 4.94 | (0.98) | (0.57) | (0.94) | 4.05 | (0.97) |
Total from investment operations | (1.05) | 5.03 | (0.90) | (0.37) | (0.58) | 4.22 | (0.79) |
Distributions from: | |||||||
Net investment income | (0.08) | (0.08) | (0.19) | (0.26) | (0.21) | (0.10) | (0.12) |
Realized capital gains | (2.24) | — | (0.63) | (1.87) | (0.70) | — | (0.49) |
Total distributions | (2.32) | (0.08) | (0.82) | (2.13) | (0.91) | (0.10) | (0.61) |
Net asset value at end of period | $15.51 | $18.88 | $13.93 | $15.65 | $18.15 | $19.64 | $15.52 |
Total return(D) | (5.39%)(E) | 36.16% | (6.28%) | (0.78%) | (3.23%)(E) | 27.39% | (4.81%) |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $96,160 | $88,022 | $77,744 | $106,870 | $118,391 | $129,139 | $114,616 |
Ratio to average net assets: | |||||||
Net expenses | 1.35%(F) | 1.36% | 1.29% | 1.30% | 1.23%(F) | 1.37% | 1.36% |
Gross expenses | 1.35%(F) | 1.37% | 1.40% | 1.37% | 1.30%(F) | 1.39% | 1.36% |
Net investment income | 0.07%(F) | 0.56% | 0.57% | 1.26% | 3.22%(C)(F) | 0.92% | 1.11% |
Portfolio turnover rate | 32%(E)(G) | 31% | 45% | 43% | 26%(E) | 37% | 36% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Reflects the impact of a special dividend that resulted in a one-time increase to net investment income. If the special dividend had not occurred, the ratio of net investment income to average net assets would have been lower by 1.54% for Class A shares and the net investment income per share would have been lower by $0.17 for Class A shares. |
(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) | Portfolio turnover excludes the purchases and sales of securities by the AIG International Dividend Strategy 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 International Equity Fund—Class C | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $17.55 | $12.99 | $14.64 | $17.12 | $18.46 | $14.66 | $16.06 |
Income (loss) from investment operations: | |||||||
Net investment income (loss) | (0.05)(B) | (0.04)(B) | (0.09)(B) | 0.03(B) | 0.26(C) | (0.06) | (0.01)(B) |
Net realized and unrealized gains (losses) on investments | (0.99) | 4.60 | (0.93) | (0.54) | (0.90) | 3.86 | (0.90) |
Total from investment operations | (1.04) | 4.56 | (1.02) | (0.51) | (0.64) | 3.80 | (0.91) |
Distributions from: | |||||||
Net investment income | (0.02) | —(D) | — | (0.10) | — | — | — |
Realized capital gains | (2.24) | — | (0.63) | (1.87) | (0.70) | — | (0.49) |
Total distributions | (2.26) | —(D) | (0.63) | (1.97) | (0.70) | — | (0.49) |
Net asset value at end of period | $14.25 | $17.55 | $12.99 | $14.64 | $17.12 | $18.46 | $14.66 |
Total return(E) | (5.76%)(F) | 35.14% | (7.41%) | (1.87%) | (3.72%)(F) | 25.92% | (5.82%) |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $3,211 | $2,115 | $2,073 | $3,783 | $6,737 | $6,924 | $5,876 |
Ratio to average net assets: | |||||||
Net expenses | 1.99%(G) | 2.15% | 2.49% | 2.34% | 2.18%(G) | 2.45% | 2.49% |
Gross expenses | 2.66%(G) | 2.90% | 2.74% | 2.42% | 2.25%(G) | 2.49% | 2.49% |
Net investment income (loss) | (0.57%)(G) | (0.24%) | (0.63%) | 0.21% | 2.27%(C)(G) | (0.16%) | (0.04%) |
Portfolio turnover rate | 32%(F)(H) | 31% | 45% | 43% | 26%(F) | 37% | 36% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Reflects the impact of a special dividend that resulted in a one-time increase to net investment income. If the special dividend had not occurred, the ratio of net investment income to average net assets would have been lower by 1.54% for Class C shares and the net investment income per share would have been lower by $0.16 for Class C shares. |
(D) | Less than $0.005 per share. |
(E) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(F) | Not annualized. |
(G) | Annualized. |
(H) | Portfolio turnover excludes the purchases and sales of securities by the AIG International Dividend Strategy 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 International Equity Fund—Class Y | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017(B) | 2016 | |||
Net asset value at beginning of period | $18.65 | $13.73 | $15.44 | $17.93 | $19.45 | $15.40 | $16.79 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.04(C) | 0.15(C) | 0.13(C) | 0.25(C) | 0.40(D) | 0.25 | 0.23(C) |
Net realized and unrealized gains (losses) on investments | (1.06) | 4.88 | (0.97) | (0.57) | (0.93) | 3.98 | (0.95) |
Total from investment operations | (1.02) | 5.03 | (0.84) | (0.32) | (0.53) | 4.23 | (0.72) |
Distributions from: | |||||||
Net investment income | (0.13) | (0.11) | (0.24) | (0.30) | (0.29) | (0.18) | (0.18) |
Realized capital gains | (2.24) | — | (0.63) | (1.87) | (0.70) | — | (0.49) |
Total distributions | (2.37) | (0.11) | (0.87) | (2.17) | (0.99) | (0.18) | (0.67) |
Net asset value at end of period | $15.26 | $18.65 | $13.73 | $15.44 | $17.93 | $19.45 | $15.40 |
Total return | (5.27%)(E) | 36.71% | (6.03%) | (0.47%) | (3.05%)(E) | 27.78% | (4.41%) |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $23,161 | $27,903 | $23,835 | $42,120 | $57,438 | $63,320 | $40,528 |
Ratio to average net assets: | |||||||
Net expenses | 0.99%(F) | 0.99% | 0.99% | 0.99% | 0.99%(F) | 1.01% | 0.99% |
Gross expenses | 1.16%(F) | 1.19% | 1.15% | 1.12% | 1.09%(F) | 1.03% | 0.99% |
Net investment income | 0.43%(F) | 0.93% | 0.87% | 1.57% | 3.47%(D)(F) | 1.28% | 1.45% |
Portfolio turnover rate | 32%(E)(G) | 31% | 45% | 43% | 26%(E) | 37% | 36% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Effective October 28, 2017, Class I shares of the Sentinel Balanced Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(C) | The net investment income per share was based on average shares outstanding for the period. |
(D) | Reflects the impact of a special dividend that resulted in a one-time increase to net investment income. If the special dividend had not occurred, the ratio of net investment income to average net assets would have been lower by 1.54% for Class Y shares and the net investment income per share would have been lower by $0.17 for Class Y shares. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | Portfolio turnover excludes the purchases and sales of securities by the AIG International Dividend Strategy 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 International Equity Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Period Ended November 30, 2017(B) | |||
2021 | 2020 | 2019 | ||||
Net asset value at beginning of period | $18.63 | $13.71 | $15.42 | $17.92 | $19.46 | $18.91 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.05(C) | 0.16(C) | 0.14(C) | 0.26(C) | 0.56(D) | 0.02 |
Net realized and unrealized gains (losses) on investments | (1.07) | 4.88 | (0.95) | (0.57) | (1.09) | 0.53 |
Total from investment operations | (1.02) | 5.04 | (0.81) | (0.31) | (0.53) | 0.55 |
Distributions from: | ||||||
Net investment income | (0.15) | (0.12) | (0.27) | (0.32) | (0.31) | — |
Realized capital gains | (2.24) | — | (0.63) | (1.87) | (0.70) | — |
Total distributions | (2.39) | (0.12) | (0.90) | (2.19) | (1.01) | — |
Net asset value at end of period | $15.22 | $18.63 | $13.71 | $15.42 | $17.92 | $19.46 |
Total return | (5.27%)(E) | 36.83% | (5.89%) | (0.39%) | (3.02%)(E) | 2.91%(E) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $4,015 | $4,315 | $14,205 | $2,592 | $2,260 | $3 |
Ratio to average net assets: | ||||||
Net expenses | 0.89%(F) | 0.89% | 0.89% | 0.89% | 0.89%(F) | 0.89%(F) |
Gross expenses | 1.29%(F) | 1.06% | 1.12% | 1.38% | 1.63%(F) | 1,921.18%(F) |
Net investment income | 0.53%(F) | 1.03% | 0.97% | 1.67% | 3.57%(D)(F) | 1.40%(F) |
Portfolio turnover rate | 32%(E)(G) | 31% | 45% | 43% | 26%(E) | 37% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Represents the period from commencement of operations (October 30, 2017) through November 30, 2017. |
(C) | The net investment income per share was based on average shares outstanding for the period. |
(D) | Reflects the impact of a special dividend that resulted in a one-time increase to net investment income. If the special dividend had not occurred, the ratio of net investment income to average net assets would have been lower by 1.54% for Institutional Class shares and the net investment income per share would have been lower by $0.16 for Institutional Class shares. |
(E) | Not annualized. |
(F) | Annualized. |
(G) | Portfolio turnover excludes the purchases and sales of securities by the AIG International Dividend Strategy 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 International Growth Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A)(B) | ||||
2021(A) | 2020(A) | 2019(A) | 2018(A) | |||
Net asset value at beginning of period | $15.35 | $11.68 | $11.11 | $13.11 | $11.61 | $9.78(C) |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.05) | (0.10)(D) | (0.03)(D) | (0.04)(D) | (0.01) | (0.01) |
Net realized and unrealized gains (losses) on investments | (1.31) | 3.77 | 0.60 | (0.47) | 1.75 | 1.84 |
Total from investment operations | (1.36) | 3.67 | 0.57 | (0.51) | 1.74 | 1.83 |
Distributions from: | ||||||
Realized capital gains | — | — | — | (1.49) | (0.24) | — |
Net asset value at end of period | $13.99 | $15.35 | $11.68 | $11.11 | $13.11 | $11.61 |
Total return(E) | (8.86%)(F) | 31.51% | 5.07% | (1.78%) | 15.00% | 18.73%(F) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,831 | $2,216 | $777 | $760 | $918 | $140 |
Ratio to average net assets: | ||||||
Net expenses | 1.24%(G) | 1.24% | 1.24% | 1.24% | 1.36% | 1.41%(G) |
Gross expenses | 2.19%(G) | 2.31% | 4.17% | 4.36% | 3.75% | 42.93%(G) |
Net investment loss | (0.69%)(G) | (0.63%) | (0.26%) | (0.31%) | (0.05%) | (0.35%)(G) |
Portfolio turnover rate | 30%(F) | 116%(H) | 74% | 103% | 109% | 72%(I) |
Touchstone International Growth Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A)(B) | ||||
2021(A) | 2020(A) | 2019(A) | 2018(A) | |||
Net asset value at beginning of period | $14.81 | $11.34 | $10.88 | $12.97 | $11.57 | $9.81(C) |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.10) | (0.20)(D) | (0.11)(D) | (0.12)(D) | (0.05) | (0.10) |
Net realized and unrealized gains (losses) on investments | (1.27) | 3.67 | 0.57 | (0.48) | 1.69 | 1.86 |
Total from investment operations | (1.37) | 3.47 | 0.46 | (0.60) | 1.64 | 1.76 |
Distributions from: | ||||||
Realized capital gains | — | — | — | (1.49) | (0.24) | — |
Net asset value at end of period | $13.44 | $14.81 | $11.34 | $10.88 | $12.97 | $11.57 |
Total return(E) | (9.25%)(F) | 30.55% | 4.28% | (2.52%) | 14.14% | 17.93%(F) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $1,107 | $1,316 | $403 | $185 | $436 | $3 |
Ratio to average net assets: | ||||||
Net expenses | 1.99%(G) | 1.99% | 1.99% | 1.99% | 2.10% | 2.16%(G) |
Gross expenses | 3.43%(G) | 3.43% | 5.96% | 6.35% | 5.06% | 237.46%(G) |
Net investment loss | (1.44%)(G) | (1.38%) | (1.01%) | (1.06%) | (0.79%) | (1.11%)(G) |
Portfolio turnover rate | 30%(F) | 116%(H) | 74% | 103% | 109% | 72%(I) |
(A) | During the Year Ended June 30, 2021, the Fund effected the following stock split effective the close of business September 11, 2020: 1.9160 for 1 for Class A shares and 1.9095 for 1 for Class C shares. All historical per share information has been retroactively adjusted to reflect this stock split. |
(B) | Represents the period from commencement of operations (August 15, 2016) through June 30, 2017. |
(C) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on August 15, 2016. |
(D) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(E) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(F) | Not annualized. |
(G) | Annualized. |
(H) | Portfolio turnover excludes the purchases and sales of securities of the International Small Cap Fund acquired on September 11, 2020. If these transactions were included, portfolio turnover would have been higher. |
(I) | Portfolio turnover excludes the purchases and sales of the DSM Global Growth & Income Fund merger on August 15, 2016. If these transactions were included, portfolio turnover would have been higher. |
Touchstone International Growth Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A)(B) | ||||
2021(A) | 2020(A) | 2019(A) | 2018(A) | |||
Net asset value at beginning of period | $15.77 | $11.95 | $11.35 | $13.37 | $11.81 | $9.95(C) |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.03) | (0.06)(D) | (—)(D)(E) | (0.01)(D) | 0.01 | (—)(E) |
Net realized and unrealized gains (losses) on investments | (1.35) | 3.88 | 0.60 | (0.49) | 1.79 | 1.86 |
Total from investment operations | (1.38) | 3.82 | 0.60 | (0.50) | 1.80 | 1.86 |
Distributions from: | ||||||
Net investment income | — | — | — | (0.01) | — | — |
Realized capital gains | — | — | — | (1.51) | (0.24) | — |
Total distributions | — | — | — | (1.52) | (0.24) | — |
Net asset value at end of period | $14.39 | $15.77 | $11.95 | $11.35 | $13.37 | $11.81 |
Total return | (8.75%)(F) | 31.88% | 5.28% | (1.53%) | 15.32% | 18.73%(F) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $66,523 | $74,507 | $867 | $2,341 | $4,553 | $161 |
Ratio to average net assets: | ||||||
Net expenses | 0.99%(G) | 0.99% | 0.99% | 0.99% | 1.03% | 1.16%(G) |
Gross expenses | 1.23%(G) | 1.25% | 2.50% | 1.89% | 1.81% | 51.68%(G) |
Net investment income (loss) | (0.44%)(G) | (0.38%) | (0.01%) | (0.06%) | 0.28% | (0.10%)(G) |
Portfolio turnover rate | 30%(F) | 116%(H) | 74% | 103% | 109% | 72%(I) |
(A) | During the Year Ended June 30, 2021, the Fund effected the following stock split effective the close of business September 11, 2020: 1.8839 for 1 for Class Y shares. All historical per share information has been retroactively adjusted to reflect this stock split. |
(B) | Represents the period from commencement of operations (August 15, 2016) through June 30, 2017. |
(C) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on August 15, 2016. |
(D) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(E) | Less than $0.005 per share. |
(F) | Not annualized. |
(G) | Annualized. |
(H) | Portfolio turnover excludes the purchases and sales of securities of the International Small Cap Fund acquired on September 11, 2020. If these transactions were included, portfolio turnover would have been higher. |
(I) | Portfolio turnover excludes the purchases and sales of the DSM Global Growth & Income Fund merger on August 15, 2016. If these transactions were included, portfolio turnover would have been higher. |
Touchstone International Growth Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021(A) | 2020(A) | 2019(A) | 2018(A) | 2017(A) | ||
Net asset value at beginning of period | $15.89 | $12.05 | $11.43 | $13.46 | $11.88 | $9.37 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.02) | (0.05)(B) | 0.01(B) | 0.01(B) | 0.04 | (0.01) |
Net realized and unrealized gains (losses) on investments | (1.37) | 3.91 | 0.61 | (0.50) | 1.78 | 2.75 |
Total from investment operations | (1.39) | 3.86 | 0.62 | (0.49) | 1.82 | 2.74 |
Distributions from: | ||||||
Net investment income | (—)(C) | (0.02) | (—)(C) | (0.02) | — | — |
Realized capital gains | — | — | — | (1.52) | (0.24) | (0.23) |
Total distributions | — | (0.02) | — | (1.54) | (0.24) | (0.23) |
Net asset value at end of period | $14.50 | $15.89 | $12.05 | $11.43 | $13.46 | $11.88 |
Total return | (8.75%)(D) | 32.00% | 5.46% | (1.46%) | 15.42% | 29.63% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $19,648 | $23,334 | $29,285 | $31,435 | $28,159 | $23,956 |
Ratio to average net assets: | ||||||
Net expenses | 0.89%(E) | 0.89% | 0.89% | 0.89% | 1.02% | 1.06% |
Gross expenses | 1.21%(E) | 1.20% | 1.35% | 1.30% | 1.31% | 1.82% |
Net investment income (loss) | (0.34%)(E) | (0.28%) | 0.09% | 0.04% | 0.28% | (0.14%) |
Portfolio turnover rate | 30%(D) | 116%(F) | 74% | 103% | 109% | 72%(G) |
(A) | During the Year Ended June 30, 2021, the Fund effected the following stock split effective the close of business September 11, 2020: 1.8777 for 1 for Institutional Class shares. All historical per share information has been retroactively adjusted to reflect this stock split. |
(B) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(C) | Less than $0.005 per share. |
(D) | Not annualized. |
(E) | Annualized. |
(F) | Portfolio turnover excludes the purchases and sales of securities of the International Small Cap Fund acquired on September 11, 2020. If these transactions were included, portfolio turnover would have been higher. |
(G) | Portfolio turnover excludes the purchases and sales of the DSM Global Growth & Income Fund merger on August 15, 2016. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Large Cap Focused Fund—Class A | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $58.68 | $42.30 | $43.37 | $43.80 | $48.75 | $42.28 | $43.08 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.03(B) | 0.08(B) | 0.27 | 0.38(B) | 0.23 | 0.45 | 0.53(B) |
Net realized and unrealized gains on investments | 4.00 | 19.10 | 3.78 | 3.72 | 1.85 | 8.99 | 2.43 |
Total from investment operations | 4.03 | 19.18 | 4.05 | 4.10 | 2.08 | 9.44 | 2.96 |
Distributions from: | |||||||
Net investment income | (0.05) | (0.09) | (0.27) | (0.27) | (0.07) | (0.51) | (1.08) |
Realized capital gains | (3.91) | (2.71) | (4.85) | (4.26) | (6.96) | (2.46) | (2.68) |
Total distributions | (3.96) | (2.80) | (5.12) | (4.53) | (7.03) | (2.97) | (3.76) |
Net asset value at end of period | $58.75 | $58.68 | $42.30 | $43.37 | $43.80 | $48.75 | $42.28 |
Total return(C) | 6.95%(D) | 46.68% | 9.54% | 10.51% | 4.74%(D) | 23.67% | 7.53% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $2,257,368 | $1,541,127 | $1,120,305 | $1,170,490 | $1,218,721 | $1,321,506 | $1,350,861 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 0.96%(F) | 1.01% | 1.01% | 0.97% | 0.97%(F) | 1.02% | 1.00% |
Gross expenses (including liquidity provider expenses)(G) | 0.96%(F) | 1.05% | 1.10% | 1.09% | 1.09%(F) | 1.02% | 1.00% |
Net investment income | 0.09%(F) | 0.15% | 0.66% | 0.88% | 0.88%(F) | 0.98% | 1.32% |
Portfolio turnover rate | 21%(D)(H)(I) | 16%(H) | 29%(H) | 15%(H) | 9%(D)(H) | 12%(H) | 8% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses was 0.95%, 1.00%, 0.98%, 0.96%, 0.95% and 1.02% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses was 0.95%, 1.04%, 1.07%, 1.08%, 1.07% and 1.02% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities of the AIG Focused Alpha Large-Cap 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 Large Cap Focused Fund—Class C | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $53.73 | $39.16 | $40.56 | $41.29 | $46.48 | $40.44 | $41.36 |
Income (loss) from investment operations: | |||||||
Net investment income (loss) | (0.20)(B) | (0.30)(B) | (0.19) | 0.03(B) | 0.03 | —(C) | 0.21(B) |
Net realized and unrealized gains on investments | 3.65 | 17.58 | 3.64 | 3.50 | 1.74 | 8.67 | 2.33 |
Total from investment operations | 3.45 | 17.28 | 3.45 | 3.53 | 1.77 | 8.67 | 2.54 |
Distributions from: | |||||||
Net investment income | — | — | — | — | — | (0.17) | (0.78) |
Realized capital gains | (3.91) | (2.71) | (4.85) | (4.26) | (6.96) | (2.46) | (2.68) |
Total distributions | (3.91) | (2.71) | (4.85) | (4.26) | (6.96) | (2.63) | (3.46) |
Net asset value at end of period | $53.27 | $53.73 | $39.16 | $40.56 | $41.29 | $46.48 | $40.44 |
Total return(D) | 6.52%(E) | 45.49% | 8.69% | 9.61% | 4.24%(E) | 22.69% | 6.71% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $67,276 | $41,645 | $37,450 | $47,838 | $67,599 | $74,122 | $83,246 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(F) | 1.77%(G) | 1.80% | 1.82% | 1.79% | 1.78%(G) | 1.82% | 1.79% |
Gross expenses (including liquidity provider expenses)(H) | 1.77%(G) | 1.88% | 1.94% | 1.90% | 1.89%(G) | 1.82% | 1.79% |
Net investment income (loss) | (0.71%)(G) | (0.64%) | (0.15%) | 0.07% | 0.07%(G) | 0.18% | 0.54% |
Portfolio turnover rate | 21%(E)(I)(J) | 16%(I) | 29%(I) | 15%(I) | 9%(E)(I) | 12%(I) | 8% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(C) | Less than $0.005 per share. |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses was 1.76%, 1.79%, 1.79%, 1.78%, 1.76% and 1.82% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(G) | Annualized. |
(H) | The ratio of gross expenses to average net assets excluding liquidity provider expenses was 1.76%, 1.87%, 1.91%, 1.89%, 1.87% and 1.82% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(I) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(J) | Portfolio turnover excludes the purchases and sales of securities of the AIG Focused Alpha Large-Cap 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 Large Cap Focused Fund—Class Y | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017(B) | 2016 | |||
Net asset value at beginning of period | $58.58 | $42.18 | $43.24 | $43.68 | $48.72 | $42.26 | $43.06 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.10(C) | 0.22(C) | 0.40 | 0.48(C) | 0.29 | 0.56 | 0.64(C) |
Net realized and unrealized gains on investments | 3.99 | 19.05 | 3.76 | 3.71 | 1.84 | 8.99 | 2.43 |
Total from investment operations | 4.09 | 19.27 | 4.16 | 4.19 | 2.13 | 9.55 | 3.07 |
Distributions from: | |||||||
Net investment income | (0.16) | (0.16) | (0.37) | (0.37) | (0.21) | (0.63) | (1.19) |
Realized capital gains | (3.91) | (2.71) | (4.85) | (4.26) | (6.96) | (2.46) | (2.68) |
Total distributions | (4.07) | (2.87) | (5.22) | (4.63) | (7.17) | (3.09) | (3.87) |
Net asset value at end of period | $58.60 | $58.58 | $42.18 | $43.24 | $43.68 | $48.72 | $42.26 |
Total return | 7.09%(D) | 47.07% | 9.84% | 10.81% | 4.85%(D) | 24.03% | 7.84% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $708,146 | $575,053 | $352,103 | $413,137 | $394,077 | $438,732 | $552,611 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 0.73%(F) | 0.73% | 0.75% | 0.73% | 0.74%(F) | 0.74% | 0.72% |
Gross expenses (including liquidity provider expenses)(G) | 0.76%(F) | 0.86% | 0.91% | 0.89% | 0.90%(F) | 0.75% | 0.72% |
Net investment income | 0.32%(F) | 0.43% | 0.92% | 1.13% | 1.11%(F) | 1.26% | 1.60% |
Portfolio turnover rate | 21%(D)(H)(I) | 16%(H) | 29%(H) | 15%(H) | 9%(D)(H) | 12%(H) | 8% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Effective October 28, 2017, Class I shares of the Sentinel International Equity Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(C) | The net investment income per share was based on average shares outstanding for the period. |
(D) | Not annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses was 0.72%, 0.72%, 0.72%, 0.72%, 0.72% and 0.74% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses was 0.75%, 0.85%, 0.88%, 0.88%, 0.88% and 0.75% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities of the AIG Focused Alpha Large-Cap 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 Large Cap Focused Fund—Institutional Class | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017(B) | 2016 | |||
Net asset value at beginning of period | $58.69 | $42.24 | $43.31 | $43.75 | $48.81 | $42.32 | $43.11 |
Income (loss) from investment operations: | |||||||
Net investment income | 0.11(C) | 0.23(C) | 0.35 | 0.51(C) | 0.34 | 0.61 | 0.70(C) |
Net realized and unrealized gains on investments | 3.99 | 19.10 | 3.83 | 3.71 | 1.80 | 9.01 | 2.41 |
Total from investment operations | 4.10 | 19.33 | 4.18 | 4.22 | 2.14 | 9.62 | 3.11 |
Distributions from: | |||||||
Net investment income | (0.18) | (0.17) | (0.40) | (0.40) | (0.24) | (0.67) | (1.22) |
Realized capital gains | (3.91) | (2.71) | (4.85) | (4.26) | (6.96) | (2.46) | (2.68) |
Total distributions | (4.09) | (2.88) | (5.25) | (4.66) | (7.20) | (3.13) | (3.90) |
Net asset value at end of period | $58.70 | $58.69 | $42.24 | $43.31 | $43.75 | $48.81 | $42.32 |
Total return | 7.08%(D) | 47.14% | 9.87% | 10.87% | 4.93%(D) | 24.14% | 7.92% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $228,329 | $207,274 | $127,963 | $100,473 | $46,683 | $44,738 | $29,927 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 0.70%(F) | 0.70% | 0.71% | 0.66% | 0.67%(F) | 0.68% | 0.65% |
Gross expenses (including liquidity provider expenses)(G) | 0.71%(F) | 0.81% | 0.88% | 0.85% | 0.88%(F) | 0.70% | 0.72% |
Net investment income | 0.35%(F) | 0.46% | 0.96% | 1.20% | 1.18%(F) | 1.32% | 1.72% |
Portfolio turnover rate | 21%(D)(H)(I) | 16%(H) | 29%(H) | 15%(H) | 9%(D)(H) | 12%(H) | 8% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Effective October 30, 2017, Class R6 shares of the Predecessor Fund were reorganized into Institutional Class shares of the Fund. |
(C) | The net investment income per share was based on average shares outstanding for the period. |
(D) | Not annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses was 0.69%, 0.69%, 0.68%, 0.65%, 0.65% and 0.68% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses was 0.70%, 0.80%, 0.85%, 0.84%, 0.86% and 0.70% for the six months ended December 31, 2021, for the years ended June 30, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities of the AIG Focused Alpha Large-Cap 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 Large Cap Focused Fund—Class R6 | |
Selected Data for a Share Outstanding Throughout The Period | |
Period Ended December 31, 2021 (Unaudited)(A) | |
Net asset value at beginning of period | $61.99 |
Income (loss) from investment operations: | |
Net investment income | 0.04(B) |
Net realized and unrealized gains on investments | 0.76 |
Total from investment operations | 0.80 |
Distributions from: | |
Net investment income | (0.16) |
Realized capital gains | (3.91) |
Total distributions | (4.07) |
Net asset value at end of period | $58.72 |
Total return | 1.37%(C) |
Ratios and supplemental data: | |
Net assets at end of period (000's) | $3 |
Ratio to average net assets: | |
Net expenses (including liquidity provider expenses)(D) | 0.66%(E) |
Gross expenses (including liquidity provider expenses)(F) | 202.77%(E) |
Net investment income | 0.39%(E) |
Portfolio turnover rate | 21%(C)(G)(H) |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(B) | The net investment income per share was based on average shares outstanding for the period. |
(C) | Not annualized. |
(D) | The ratio of net expenses to average net assets excluding liquidity provider expenses was 0.65% for the period ended December 31, 2021. |
(E) | Annualized. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses was 202.76% for the period ended December 31, 2021. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(H) | Portfolio turnover excludes the purchases and sales of securities of the AIG Focused Alpha Large-Cap 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 Large Cap Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $17.86 | $13.04 | $14.11 | $13.27 | $11.96 | $10.49 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.03 | 0.11 | 0.15 | 0.09(A) | 0.09 | 0.06 |
Net realized and unrealized gains (losses) on investments | 1.72 | 4.83 | (0.24) | 0.83 | 1.27 | 1.49 |
Total from investment operations | 1.75 | 4.94 | (0.09) | 0.92 | 1.36 | 1.55 |
Distributions from: | ||||||
Net investment income | (0.12) | (0.12) | (0.11) | (0.08) | (0.05) | (0.08) |
Realized capital gains | (0.40) | — | (0.87) | — | — | — |
Total distributions | (0.52) | (0.12) | (0.98) | (0.08) | (0.05) | (0.08) |
Net asset value at end of period | $19.09 | $17.86 | $13.04 | $14.11 | $13.27 | $11.96 |
Total return(B) | 9.85%(C) | 38.06% | (1.18%) | 7.04% | 11.35% | 14.82% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $5,224 | $4,278 | $2,989 | $4,067 | $2,975 | $5,368 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(D) | 1.04%(E) | 1.04% | 1.03% | 1.11% | 1.12% | 1.12% |
Gross expenses (including liquidity provider expenses)(F) | 1.42%(E) | 1.53% | 1.91% | 1.67% | 1.50% | 1.57% |
Net investment income | 0.46%(E) | 0.75% | 1.03% | 0.63% | 0.48% | 0.56% |
Portfolio turnover rate | 5%(C)(G) | 15%(G) | 20% | 19%(G) | 10% | 23% |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A were 1.03% and 1.03% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(E) | Annualized. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A were 1.41% and 1.52% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(G) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Large Cap Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $17.53 | $12.79 | $13.85 | $13.04 | $11.80 | $10.37 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | (0.06) | (0.10) | 0.01 | (0.02)(A) | (0.04) | (0.02) |
Net realized and unrealized gains (losses) on investments | 1.69 | 4.84 | (0.20) | 0.83 | 1.28 | 1.47 |
Total from investment operations | 1.63 | 4.74 | (0.19) | 0.81 | 1.24 | 1.45 |
Distributions from: | ||||||
Net investment income | — | — | — | — | — | (0.02) |
Realized capital gains | (0.40) | — | (0.87) | — | — | — |
Total distributions | (0.40) | — | (0.87) | — | — | (0.02) |
Net asset value at end of period | $18.76 | $17.53 | $12.79 | $13.85 | $13.04 | $11.80 |
Total return(B) | 9.36%(C) | 37.06% | (1.89%) | 6.21% | 10.51% | 13.98% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $4,027 | $4,328 | $5,376 | $7,372 | $7,849 | $8,102 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(D) | 1.79%(E) | 1.79% | 1.78% | 1.86% | 1.87% | 1.87% |
Gross expenses (including liquidity provider expenses)(F) | 2.07%(E) | 2.03% | 2.09% | 2.13% | 2.12% | 2.12% |
Net investment income (loss) | (0.29%)(E) | (—)(G) | 0.27% | (0.12%) | (0.27%) | (0.19%) |
Portfolio turnover rate | 5%(C)(H) | 15%(H) | 20% | 19%(H) | 10% | 23% |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class C were 1.78% and 1.78% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(E) | Annualized. |
(F) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class C were 2.06% and 2.02% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(G) | Less than 0.005%. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Large Cap Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $17.88 | $13.07 | $14.14 | $13.31 | $12.00 | $10.52 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.08 | 0.16 | 0.17 | 0.12(A) | 0.10 | 0.09 |
Net realized and unrealized gains (losses) on investments | 1.69 | 4.83 | (0.22) | 0.84 | 1.30 | 1.49 |
Total from investment operations | 1.77 | 4.99 | (0.05) | 0.96 | 1.40 | 1.58 |
Distributions from: | ||||||
Net investment income | (0.16) | (0.18) | (0.15) | (0.13) | (0.09) | (0.10) |
Realized capital gains | (0.40) | — | (0.87) | — | — | — |
Total distributions | (0.56) | (0.18) | (1.02) | (0.13) | (0.09) | (0.10) |
Net asset value at end of period | $19.09 | $17.88 | $13.07 | $14.14 | $13.31 | $12.00 |
Total return | 9.94%(B) | 38.39% | (0.93%) | 7.31% | 11.62% | 15.13% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $274,768 | $270,305 | $206,798 | $213,650 | $231,984 | $222,080 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(C) | 0.79%(D) | 0.79% | 0.78% | 0.86% | 0.87% | 0.87% |
Gross expenses (including liquidity provider expenses)(E) | 0.86%(D) | 0.88% | 0.90% | 0.99% | 0.99% | 1.01% |
Net investment income | 0.71%(D) | 1.00% | 1.28% | 0.88% | 0.73% | 0.81% |
Portfolio turnover rate | 5%(B)(F) | 15%(F) | 20% | 19%(F) | 10% | 23% |
(A) | The net investment income per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y were 0.78% and 0.78% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(D) | Annualized. |
(E) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y were 0.85% and 0.87% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Large Cap Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $17.91 | $13.09 | $14.16 | $13.33 | $12.02 | $10.53 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.07 | 0.16 | 0.15 | 0.14(A) | 0.10 | 0.11 |
Net realized and unrealized gains (losses) on investments | 1.70 | 4.86 | (0.19) | 0.83 | 1.31 | 1.49 |
Total from investment operations | 1.77 | 5.02 | (0.04) | 0.97 | 1.41 | 1.60 |
Distributions from: | ||||||
Net investment income | (0.17) | (0.20) | (0.16) | (0.14) | (0.10) | (0.11) |
Realized capital gains | (0.40) | — | (0.87) | — | — | — |
Total distributions | (0.57) | (0.20) | (1.03) | (0.14) | (0.10) | (0.11) |
Net asset value at end of period | $19.11 | $17.91 | $13.09 | $14.16 | $13.33 | $12.02 |
Total return | 9.97%(B) | 38.59% | (0.83%) | 7.43% | 11.70% | 15.31% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $97,261 | $90,358 | $60,402 | $59,211 | $124,759 | $97,888 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(C) | 0.69%(D) | 0.69% | 0.68% | 0.77% | 0.77% | 0.77% |
Gross expenses (including liquidity provider expenses)(E) | 0.80%(D) | 0.82% | 0.84% | 0.92% | 0.91% | 0.91% |
Net investment income | 0.81%(D) | 1.10% | 1.38% | 0.98% | 0.83% | 0.91% |
Portfolio turnover rate | 5%(B)(F) | 15%(F) | 20% | 19%(F) | 10% | 23% |
(A) | The net investment income per share was based on average shares outstanding for the period. |
(B) | Not annualized. |
(C) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.68% and 0.68% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(D) | Annualized. |
(E) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Institutional Class were 0.79% and 0.81% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Large Company Growth Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A) | ||||
2021 | 2020 | 2019 | 2018 | |||
Net asset value at beginning of period | $57.26 | $47.46 | $42.50 | $41.33 | $35.52 | $31.38(B) |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.12) | (0.15) | (0.08) | (0.56) | (0.24) | (0.19)(C) |
Net realized and unrealized gains on investments | 2.46 | 16.56 | 8.19 | 4.42 | 7.19 | 5.41 |
Total from investment operations | 2.34 | 16.41 | 8.11 | 3.86 | 6.95 | 5.22 |
Distributions from: | ||||||
Realized capital gains | (10.52) | (6.61) | (3.15) | (2.69) | (1.14) | (1.08) |
Net asset value at end of period | $49.08 | $57.26 | $47.46 | $42.50 | $41.33 | $35.52 |
Total return(D) | 4.11%(E) | 37.33% | 20.07% | 10.39% | 19.75% | 17.31%(E) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $3,962 | $3,617 | $2,112 | $1,425 | $3,417 | $140 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(F) | 1.05%(G) | 1.06% | 1.07% | 1.23% | 1.23% | 1.23%(G) |
Gross expenses (including liquidity provider expenses)(H) | 1.45%(G) | 1.59% | 2.28% | 2.01% | 1.67% | 11.14%(G) |
Net investment income (loss) | (0.69%)(G) | (0.71%) | 0.60% | (0.59%) | (0.63%) | (0.68%)(G) |
Portfolio turnover rate | 25%(E)(I) | 36%(I) | 30% | 41% | 44% | 55% |
Touchstone Large Company Growth Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A) | ||||
2021 | 2020 | 2019 | 2018 | |||
Net asset value at beginning of period | $54.71 | $45.93 | $41.52 | $40.74 | $35.29 | $31.38(B) |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.37) | (1.42) | (0.31) | (0.40) | (0.30) | (0.38)(C) |
Net realized and unrealized gains on investments | 2.40 | 16.81 | 7.87 | 3.87 | 6.89 | 5.37 |
Total from investment operations | 2.03 | 15.39 | 7.56 | 3.47 | 6.59 | 4.99 |
Distributions from: | ||||||
Realized capital gains | (10.52) | (6.61) | (3.15) | (2.69) | (1.14) | (1.08) |
Net asset value at end of period | $46.22 | $54.71 | $45.93 | $41.52 | $40.74 | $35.29 |
Total return(D) | 3.73%(E) | 36.28% | 19.19% | 9.55% | 18.88% | 16.52%(E) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $413 | $473 | $592 | $396 | $236 | $31 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(F) | 1.80%(G) | 1.81% | 1.82% | 1.98% | 1.98% | 1.98%(G) |
Gross expenses (including liquidity provider expenses)(H) | 3.41%(G) | 3.39% | 4.64% | 4.38% | 8.12% | 257.02%(G) |
Net investment loss | (1.44%)(G) | (1.46%) | (1.35%) | (1.34%) | (1.38%) | (1.43%)(G) |
Portfolio turnover rate | 25%(E)(I) | 36%(I) | 30% | 41% | 44% | 55% |
(A) | Represents the period from commencement of operations (August 15, 2016) through June 30, 2017. |
(B) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on August 15, 2016. |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A were 1.04% and 1.04% and for Class C were 1.79% and 1.79% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(G) | Annualized. |
(H) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A were 1.44% and 1.57% and for Class C were 3.40% and 3.37% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(I) | Portfolio turnover excludes securities delivered from processing a redemption-in-kind. |
Touchstone Large Company Growth Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Period Ended June 30, 2017(A) | ||||
2021 | 2020 | 2019 | 2018 | |||
Net asset value at beginning of period | $58.10 | $47.97 | $42.82 | $41.53 | $35.60 | $31.38(B) |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.13) | (0.26) | (0.12) | (0.12) | (0.13) | (0.12)(C) |
Net realized and unrealized gains on investments | 2.59 | 17.00 | 8.42 | 4.10 | 7.20 | 5.42 |
Total from investment operations | 2.46 | 16.74 | 8.30 | 3.98 | 7.07 | 5.30 |
Distributions from: | ||||||
Realized capital gains | (10.52) | (6.61) | (3.15) | (2.69) | (1.14) | (1.08) |
Net asset value at end of period | $50.04 | $58.10 | $47.97 | $42.82 | $41.53 | $35.60 |
Total return | 4.27%(D) | 37.64% | 20.38% | 10.66% | 20.02% | 17.57%(D) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $26,970 | $28,952 | $24,062 | $19,580 | $15,961 | $9,938 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(E) | 0.80%(F) | 0.81% | 0.82% | 0.98% | 0.98% | 0.98%(F) |
Gross expenses (including liquidity provider expenses)(G) | 0.92%(F) | 0.96% | 1.04% | 1.16% | 1.12% | 1.12%(F) |
Net investment loss | (0.44%)(F) | (0.46%) | (0.35%) | (0.34%) | (0.38%) | (0.42%)(F) |
Portfolio turnover rate | 25%(D)(H) | 36%(H) | 30% | 41% | 44% | 55% |
Touchstone Large Company Growth Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $58.46 | $48.18 | $42.95 | $41.61 | $35.63 | $29.15 |
Income (loss) from investment operations: | ||||||
Net investment loss | (0.13) | (0.21) | (0.12) | (0.10) | (0.11) | (0.12)(C) |
Net realized and unrealized gains on investments | 2.63 | 17.10 | 8.50 | 4.13 | 7.23 | 7.68 |
Total from investment operations | 2.50 | 16.89 | 8.38 | 4.03 | 7.12 | 7.56 |
Distributions from: | ||||||
Realized capital gains | (10.52) | (6.61) | (3.15) | (2.69) | (1.14) | (1.08) |
Net asset value at end of period | $50.44 | $58.46 | $48.18 | $42.95 | $41.61 | $35.63 |
Total return | 4.31%(D) | 37.80% | 20.51% | 10.74% | 20.17% | 26.67% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $240,197 | $229,690 | $199,601 | $204,391 | $224,379 | $189,444 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(E) | 0.70%(F) | 0.71% | 0.73% | 0.88% | 0.88% | 0.89% |
Gross expenses (including liquidity provider expenses)(G) | 0.81%(F) | 0.85% | 0.86% | 0.99% | 0.98% | 1.02% |
Net investment loss | (0.34%)(F) | (0.36%) | (0.25%) | (0.24%) | (0.28%) | (0.39%) |
Portfolio turnover rate | 25%(D)(H) | 36%(H) | 30% | 41% | 44% | 55% |
(A) | Represents the period from commencement of operations (August 15, 2016) through June 30, 2017. |
(B) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on August 15, 2016. |
(C) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(D) | Not annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y were 0.79% and for Institutional Class were 0.69% for both the periods of six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y were 0.91% and 0.94% and for Institutional Class were 0.80% and 0.83% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing a redemption-in-kind. |
Touchstone Small Company Fund—Class A | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $6.67 | $4.06 | $4.83 | $5.53 | $5.64 | $5.19 | $5.58 |
Income (loss) from investment operations: | |||||||
Net investment loss | (0.01) | (0.03) | (0.02) | (0.01) | (0.01) | (0.02) | (0.02)(B) |
Net realized and unrealized gains (losses) on investments | 0.28 | 2.65 | (0.47) | (0.07) | 0.37 | 0.89 | 0.57 |
Total from investment operations | 0.27 | 2.62 | (0.49) | (0.08) | 0.36 | 0.87 | 0.55 |
Distributions from: | |||||||
Realized capital gains | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | (0.42) | (0.94) |
Net asset value at end of period | $5.80 | $6.67 | $4.06 | $4.83 | $5.53 | $5.64 | $5.19 |
Total return(C) | 4.36%(D) | 64.45% | (10.82%) | (0.73%) | 6.89%(D) | 17.95% | 12.52% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $605,450 | $608,513 | $420,822 | $589,664 | $661,866 | $677,055 | $685,807 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 1.16%(F) | 1.20% | 1.15% | 1.12% | 1.10%(F) | 1.18% | 1.22% |
Gross expenses (including liquidity provider expenses)(G) | 1.16%(F) | 1.20% | 1.24% | 1.20% | 1.18%(F) | 1.18% | 1.22% |
Net investment loss | (0.22%)(F) | (0.45%) | (0.32%) | (0.26%) | (0.26%)(F) | (0.49%) | (0.38%) |
Portfolio turnover rate | 33%(D)(H) | 80%(H) | 81% | 94%(H)(I) | 30%(D) | 82% | 61% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.14% and 1.18% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.14% and 1.18% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities by the Touchstone Small Cap Growth Fund acquired on September 21, 2018. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Small Company Fund—Class C | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $3.23 | $1.99 | $2.52 | $3.23 | $3.50 | $3.39 | $4.01 |
Income (loss) from investment operations: | |||||||
Net investment loss | (0.02) | (0.04) | (0.05) | (0.05) | (0.02) | (0.10) | (0.03)(B) |
Net realized and unrealized gains (losses) on investments | 0.13 | 1.29 | (0.20) | (0.04) | 0.22 | 0.63 | 0.35 |
Total from investment operations | 0.11 | 1.25 | (0.25) | (0.09) | 0.20 | 0.53 | 0.32 |
Distributions from: | |||||||
Realized capital gains | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | (0.42) | (0.94) |
Net asset value at end of period | $2.20 | $3.23 | $1.99 | $2.52 | $3.23 | $3.50 | $3.39 |
Total return(C) | 3.99%(D) | 62.65% | (11.22%) | (1.65%) | 6.51%(D) | 17.36% | 11.48% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $23,865 | $26,123 | $21,204 | $39,390 | $97,136 | $104,051 | $110,842 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 1.97%(F) | 1.97% | 1.95% | 1.88% | 1.85%(F) | 1.92% | 1.95% |
Gross expenses (including liquidity provider expenses)(G) | 2.01%(F) | 2.05% | 2.07% | 1.96% | 1.93%(F) | 1.92% | 1.95% |
Net investment loss | (1.03%)(F) | (1.22%) | (1.12%) | (1.01%) | (1.02%)(F) | (1.23%) | (1.10%) |
Portfolio turnover rate | 33%(D)(H) | 80%(H) | 81% | 94%(H)(I) | 30%(D) | 82% | 61% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(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) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class C was 1.95% and 1.95% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class C was 1.99% and 2.03% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities by the Touchstone Small Cap Growth Fund acquired on September 21, 2018. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Small Company Fund—Class Y | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017(B) | 2016 | |||
Net asset value at beginning of period | $7.45 | $4.53 | $5.33 | $6.04 | $6.10 | $5.56 | $5.89 |
Income (loss) from investment operations: | |||||||
Net investment income (loss) | —(C) | (0.01) | (—)(C) | (—)(C) | (—)(C) | (0.06) | —(C)(D) |
Net realized and unrealized gains (losses) on investments | 0.32 | 2.94 | (0.52) | (0.09) | 0.41 | 1.02 | 0.61 |
Total from investment operations | 0.32 | 2.93 | (0.52) | (0.09) | 0.41 | 0.96 | 0.61 |
Distributions from: | |||||||
Net investment income | — | —(C) | — | (—)(C) | — | — | — |
Realized capital gains | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | (0.42) | (0.94) |
Total distributions | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | (0.42) | (0.94) |
Net asset value at end of period | $6.63 | $7.45 | $4.53 | $5.33 | $6.04 | $6.10 | $5.56 |
Total return | 4.59%(E) | 64.61% | (10.35%) | (0.79%) | 7.21%(E) | 18.41% | 12.95% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $279,403 | $282,428 | $189,336 | $326,021 | $383,050 | $388,404 | $257,483 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(F) | 0.91%(G) | 0.91% | 0.89% | 0.87% | 0.84%(G) | 0.85% | 0.89% |
Gross expenses (including liquidity provider expenses)(H) | 0.95%(G) | 0.99% | 0.98% | 0.95% | 0.92%(G) | 0.85% | 0.89% |
Net investment income (loss) | 0.03%(G) | (0.16%) | (0.06%) | 0.00%(C) | (0.01%)(G) | (0.16%) | (0.04%) |
Portfolio turnover rate | 33%(E)(I) | 80%(I) | 81% | 94%(I)(J) | 30%(E) | 82% | 61% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Effective October 28, 2017, Class I shares of the Sentinel Small Company Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(C) | Less than $0.005 per share or 0.005%. |
(D) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(E) | Not annualized. |
(F) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class Y was 0.89% and 0.89% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(G) | Annualized. |
(H) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class Y was 0.93% and 0.97% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(I) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(J) | Portfolio turnover excludes the purchases and sales of securities by the Touchstone Small Cap Growth Fund acquired on September 21, 2018. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Small Company Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Period Ended November 30, 2017(B) | |||
2021 | 2020 | 2019 | ||||
Net asset value at beginning of period | $7.44 | $4.52 | $5.32 | $6.04 | $6.10 | $5.80 |
Income (loss) from investment operations: | ||||||
Net investment income (loss) | —(C) | (—)(C) | —(C) | —(C) | —(C) | (—)(C) |
Net realized and unrealized gains (losses) on investments | 0.33 | 2.93 | (0.52) | (0.10) | 0.41 | 0.30 |
Total from investment operations | 0.33 | 2.93 | (0.52) | (0.10) | 0.41 | 0.30 |
Distributions from: | ||||||
Net investment income | — | —(C) | — | (—)(C) | — | — |
Realized capital gains | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | — |
Total distributions | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | — |
Net asset value at end of period | $6.63 | $7.44 | $4.52 | $5.32 | $6.04 | $6.10 |
Total return | 4.74%(D) | 64.75% | (10.37%) | (0.91%) | 7.21%(D) | 5.17%(D) |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $21,419 | $18,770 | $11,269 | $2,216 | $8 | $3 |
Ratio to average net assets: | ||||||
Net expenses (including liquidity provider expenses)(E) | 0.81%(F) | 0.81% | 0.79% | 0.79% | 0.79%(F) | 0.79%(F) |
Gross expenses (including liquidity provider expenses)(G) | 0.94%(F) | 0.99% | 1.13% | 2.52% | 275.86%(F) | 2,069.15%(F) |
Net investment income (loss) | 0.13%(F) | (0.06%) | 0.05% | 0.08% | 0.05%(F) | (0.70%)(F) |
Portfolio turnover rate | 33%(D)(H) | 80%(H) | 81% | 94%(H)(I) | 30%(D) | 82% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Represents the period from commencement of operations (October 30, 2017) through November 30, 2017. |
(C) | Less than $0.005 per share. |
(D) | Not annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Instituitional Class was 0.79% and 0.79% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Institutional Class was 0.92% and 0.97% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities by the Touchstone Small Cap Growth Fund acquired on September 21, 2018. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Small Company Fund—Class R6 | |||||||
Selected Data for a Share Outstanding Throughout Each Period | |||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | Seven Months Ended June 30, 2018(A) | Year Ended November 30, | ||||
2021 | 2020 | 2019 | 2017 | 2016 | |||
Net asset value at beginning of period | $6.91 | $4.19 | $4.95 | $5.65 | $5.73 | $5.24 | $5.60 |
Income (loss) from investment operations: | |||||||
Net investment income (loss) | —(B) | (—)(B) | 0.01 | 0.01 | —(B) | (0.03) | 0.01(C) |
Net realized and unrealized gains (losses) on investments | 0.29 | 2.73 | (0.49) | (0.08) | 0.39 | 0.94 | 0.57 |
Total from investment operations | 0.29 | 2.73 | (0.48) | (0.07) | 0.39 | 0.91 | 0.58 |
Distributions from: | |||||||
Net investment income | — | (—)(B) | — | (0.01) | — | — | — |
Realized capital gains | (1.14) | (0.01) | (0.28) | (0.62) | (0.47) | (0.42) | (0.94) |
Total distributions | (1.14) | (0.01) | (0.28) | (0.63) | (0.47) | (0.42) | (0.94) |
Net asset value at end of period | $6.06 | $6.91 | $4.19 | $4.95 | $5.65 | $5.73 | $5.24 |
Total return | 4.52%(D) | 65.08% | (10.35%) | (0.59%) | 7.33%(D) | 18.58% | 13.07% |
Ratios and supplemental data: | |||||||
Net assets at end of period (000's) | $67,564 | $63,766 | $64,567 | $137,585 | $76,246 | $67,052 | $13,000 |
Ratio to average net assets: | |||||||
Net expenses (including liquidity provider expenses)(E) | 0.81%(F) | 0.81% | 0.76% | 0.73% | 0.73%(F) | 0.75% | 0.73% |
Gross expenses (including liquidity provider expenses)(G) | 0.86%(F) | 0.89% | 0.88% | 0.84% | 0.84%(F) | 0.77% | 0.99% |
Net investment income (loss) | 0.13%(F) | (0.06%) | 0.07% | 0.14% | 0.10%(F) | (0.07%) | 0.16% |
Portfolio turnover rate | 33%(D)(H) | 80%(H) | 81% | 94%(H)(I) | 30%(D) | 82% | 61% |
(A) | The Fund changed its fiscal year end from November 30 to June 30. |
(B) | Less than $0.005 per share. |
(C) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(D) | Not annualized. |
(E) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class R6 was 0.79% and 0.79% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(F) | Annualized. |
(G) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class R6 was 0.84% and 0.87% for the six months ended December 31, 2021 and for the year ended June 30, 2021, respectively. |
(H) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(I) | Portfolio turnover excludes the purchases and sales of securities by the Touchstone Small Cap Growth Fund acquired on September 21, 2018. If these transactions were included, portfolio turnover would have been higher. |
Touchstone Value Fund—Class A | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.41 | $7.95 | $9.41 | $9.92 | $10.13 | $8.84 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.03 | 0.10 | 0.13 | 0.16 | 0.14 | 0.19 |
Net realized and unrealized gains (losses) on investments | 0.58 | 3.62 | (0.98) | 0.57 | 0.55 | 1.30 |
Total from investment operations | 0.61 | 3.72 | (0.85) | 0.73 | 0.69 | 1.49 |
Distributions from: | ||||||
Net investment income | (0.05) | (0.10) | (0.12) | (0.16) | (0.14) | (0.18) |
Realized capital gains | (0.85) | (0.16) | (0.49) | (1.08) | (0.76) | (0.02) |
Total distributions | (0.90) | (0.26) | (0.61) | (1.24) | (0.90) | (0.20) |
Net asset value at end of period | $11.12 | $11.41 | $7.95 | $9.41 | $9.92 | $10.13 |
Total return(A) | 5.52%(B) | 47.49% | (9.83%) | 8.53% | 6.92% | 16.92% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $180,277 | $33,052 | $24,567 | $32,964 | $36,968 | $43,607 |
Ratio to average net assets: | ||||||
Net expenses | 1.08%(C) | 1.08% | 1.08% | 1.08% | 1.08% | 1.08% |
Gross expenses | 1.08%(C) | 1.24% | 1.26% | 1.26% | 1.26% | 1.24% |
Net investment income | 0.96%(C) | 1.08% | 1.37% | 1.67% | 1.42% | 1.86% |
Portfolio turnover rate | 43%(B)(D) | 37% | 57% | 37%(E) | 24% | 29% |
Touchstone Value Fund—Class C | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.38 | $7.93 | $9.38 | $9.89 | $10.10 | $8.81 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.05 | 0.03 | 0.06 | 0.09 | 0.08 | 0.12 |
Net realized and unrealized gains (losses) on investments | 0.51 | 3.61 | (0.97) | 0.56 | 0.54 | 1.29 |
Total from investment operations | 0.56 | 3.64 | (0.91) | 0.65 | 0.62 | 1.41 |
Distributions from: | ||||||
Net investment income | (0.01) | (0.03) | (0.05) | (0.08) | (0.07) | (0.10) |
Realized capital gains | (0.85) | (0.16) | (0.49) | (1.08) | (0.76) | (0.02) |
Total distributions | (0.86) | (0.19) | (0.54) | (1.16) | (0.83) | (0.12) |
Net asset value at end of period | $11.08 | $11.38 | $7.93 | $9.38 | $9.89 | $10.10 |
Total return(A) | 5.04%(B) | 46.40% | (10.49%) | 7.72% | 6.12% | 16.06% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $5,498 | $1,943 | $2,175 | $3,175 | $3,654 | $4,503 |
Ratio to average net assets: | ||||||
Net expenses | 1.83%(C) | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Gross expenses | 2.03%(C) | 2.46% | 2.43% | 2.35% | 2.21% | 2.12% |
Net investment income | 0.21%(C) | 0.33% | 0.62% | 0.92% | 0.68% | 1.11% |
Portfolio turnover rate | 43%(B)(D) | 37% | 57% | 37%(E) | 24% | 29% |
(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) | Portfolio turnover excludes the purchases and sales of securities of the AIG Strategic Value 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. |
(E) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Value Fund—Class Y | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.46 | $7.98 | $9.45 | $9.96 | $10.17 | $8.87 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.07 | 0.13 | 0.15 | 0.19 | 0.17 | 0.20 |
Net realized and unrealized gains (losses) on investments | 0.56 | 3.64 | (0.98) | 0.57 | 0.55 | 1.32 |
Total from investment operations | 0.63 | 3.77 | (0.83) | 0.76 | 0.72 | 1.52 |
Distributions from: | ||||||
Net investment income | (0.07) | (0.13) | (0.15) | (0.19) | (0.17) | (0.20) |
Realized capital gains | (0.85) | (0.16) | (0.49) | (1.08) | (0.76) | (0.02) |
Total distributions | (0.92) | (0.29) | (0.64) | (1.27) | (0.93) | (0.22) |
Net asset value at end of period | $11.17 | $11.46 | $7.98 | $9.45 | $9.96 | $10.17 |
Total return | 5.61%(A) | 47.93% | (9.64%) | 8.82% | 7.19% | 17.28% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $105,019 | $100,542 | $75,028 | $92,928 | $81,988 | $83,974 |
Ratio to average net assets: | ||||||
Net expenses | 0.83%(B) | 0.83% | 0.80% | 0.79% | 0.81% | 0.83% |
Gross expenses | 0.87%(B) | 0.95% | 0.96% | 0.94% | 0.95% | 0.97% |
Net investment income | 1.21%(B) | 1.33% | 1.64% | 1.96% | 1.70% | 2.11% |
Portfolio turnover rate | 43%(A)(C) | 37% | 57% | 37%(D) | 24% | 29% |
Touchstone Value Fund—Institutional Class | ||||||
Selected Data for a Share Outstanding Throughout Each Period | ||||||
Six Months Ended December 31, 2021 (Unaudited) | Year Ended June 30, | |||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net asset value at beginning of period | $11.43 | $7.96 | $9.42 | $9.93 | $10.14 | $8.85 |
Income (loss) from investment operations: | ||||||
Net investment income | 0.08 | 0.14 | 0.16 | 0.20 | 0.19 | 0.22 |
Net realized and unrealized gains (losses) on investments | 0.55 | 3.63 | (0.97) | 0.57 | 0.55 | 1.31 |
Total from investment operations | 0.63 | 3.77 | (0.81) | 0.77 | 0.74 | 1.53 |
Distributions from: | ||||||
Net investment income | (0.07) | (0.14) | (0.16) | (0.20) | (0.19) | (0.22) |
Realized capital gains | (0.85) | (0.16) | (0.49) | (1.08) | (0.76) | (0.02) |
Total distributions | (0.92) | (0.30) | (0.65) | (1.28) | (0.95) | (0.24) |
Net asset value at end of period | $11.14 | $11.43 | $7.96 | $9.42 | $9.93 | $10.14 |
Total return | 5.70%(A) | 48.12% | (9.43%) | 8.96% | 7.34% | 17.38% |
Ratios and supplemental data: | ||||||
Net assets at end of period (000's) | $299,685 | $289,120 | $153,945 | $208,686 | $262,467 | $249,035 |
Ratio to average net assets: | ||||||
Net expenses | 0.68%(B) | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Gross expenses | 0.81%(B) | 0.88% | 0.90% | 0.89% | 0.87% | 0.86% |
Net investment income | 1.36%(B) | 1.48% | 1.77% | 2.07% | 1.82% | 2.26% |
Portfolio turnover rate | 43%(A)(C) | 37% | 57% | 37%(D) | 24% | 29% |
(A) | Not annualized. |
(B) | Annualized. |
(C) | Portfolio turnover excludes the purchases and sales of securities of the AIG Strategic Value 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. |
(D) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Value Fund—Class R6 | |
Selected Data for a Share Outstanding Throughout The Period | |
Period Ended December 31, 2021 (Unaudited)(A) | |
Net asset value at beginning of period | $11.91 |
Income (loss) from investment operations: | |
Net investment income | 0.03 |
Net realized and unrealized gains on investments | 0.09 |
Total from investment operations | 0.12 |
Distributions from: | |
Net investment income | (0.04) |
Realized capital gains | (0.85) |
Total distributions | (0.89) |
Net asset value at end of period | $11.14 |
Total return | 1.15%(B) |
Ratios and supplemental data: | |
Net assets at end of period (000's) | $3 |
Ratio to average net assets: | |
Net expenses | 0.63%(C) |
Gross expenses | 205.01%(C) |
Net investment income | 1.41%(C) |
Portfolio turnover rate | 43%(B)(D) |
(A) | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021 for Class R6. |
(B) | Not annualized. |
(C) | Annualized. |
(D) | Portfolio turnover excludes the purchases and sales of securities of the AIG Strategic Value 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 Balanced Fund ("Balanced Fund”) |
Touchstone Core Municipal Bond Fund (formerly known as Touchstone Ohio Tax-Free Bond Fund) ("Core Municipal Bond Fund”) |
Touchstone International Equity Fund ("International Equity Fund”) |
Touchstone International Growth Fund ("International Growth Fund”) |
Touchstone Large Cap Focused Fund ("Large Cap Focused Fund”) |
Touchstone Large Cap Fund ("Large Cap Fund”) |
Touchstone Large Company Growth Fund ("Large Company Growth Fund”) |
Touchstone Small Company Fund ("Small Company Fund”) |
Touchstone Value Fund ("Value Fund”) |
Class A | Class C | Class Y | Institutional Class | Class R6 | |
Balanced Fund | X | X | X | X | |
Core Municipal Bond Fund | X | X | X | X | |
International Equity Fund | X | X | X | X | |
International Growth Fund | X | X | X | X | |
Large Cap Focused Fund | X | X | X | X | X |
Large Cap Fund | X | X | X | X | |
Large Company Growth Fund | X | X | X | X | |
Small Company Fund | X | X | X | X | X |
Value Fund | X | 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 |
Balanced Fund | Futures - Interest Rate Contracts* | $222,819 | $313 |
* | Statements of Operations Location: Net realized gains on futures contracts and Net Change in unrealized appreciation (depreciation) on futures contracts, respectively. |
Balanced Fund | |
Interest Rate Contracts: | |
Futures Contracts - Notional Value | $5,075,127 |
Fund | Security Type | Market Value of Securities Loaned* | Market Value of Collateral Received** | Net Amount*** |
Balanced Fund | Corporate Bonds | $892,822 | $911,250 | $18,428 |
International Equity Fund | Common Stocks | 1,105,297 | 1,128,757 | 23,460 |
* | 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 (receive from) the borrower in the event of default. |
Balanced Fund | Core Municipal Bond Fund | International Equity Fund | International Growth Fund | |
Purchases of investment securities | $344,680,022 | $57,822,998 | $39,945,707 | $28,084,204 |
Proceeds from sales and maturities | $278,240,930 | $46,225,264 | $61,095,162 | $31,192,662 |
Large Cap Focused Fund* | Large Cap Fund* | Large Company Growth Fund* | Small Company Fund* | Value Fund | |
Purchases of investment securities | $637,289,671 | $17,635,051 | $71,268,644 | $320,700,788 | $232,722,681 |
Proceeds from sales and maturities | $650,675,097 | $31,162,578 | $65,263,276 | $314,510,188 | $281,654,146 |
* | Large Cap Focused Fund, Large Cap Fund, Large Company Growth Fund and Small Company Fund had redemptions-in-kind out of the Fund of $77,079,127, $12,060,234, $8,999,203 and $36,047,143, respectively. The redemptions were comprised of securities in the amount of $55,808,873, $8,695,547, $6,568,480 and $32,389,391, which is excluded from the proceeds from sales and maturities, and cash in the amount of $21,270,254, $3,364,687, $2,430,723 and $3,657,752 for the Large Cap Focused Fund, Large Cap Fund, Large Company Growth Fund and Small Company Fund, respectively. |
Balanced Fund | 0.55% on the first $200 million 0.50% on the next $200 million 0.45% on the next $600 million 0.40% on the next $1 billion 0.35% on such assets over $2 billion |
Core Municipal Bond Fund* | 0.40% on the first $300 million 0.30% on assets over $300 million |
International Equity Fund | 0.70% on the first $500 million 0.65% on the next $300 million 0.60% on the next $200 million 0.50% on the next $1 billion 0.40% on such assets over $2 billion |
International Growth Fund | 0.80% on the first $1 billion 0.75% on the next $500 million 0.70% on the next $500 million 0.65% on such assets over $2 billion |
Large Cap Focused Fund | 0.70% on the first $500 million 0.65% on the next $300 million 0.60% on the next $200 million 0.50% on the next $1 billion 0.40% on such assets over $2 billion |
Large Cap Fund | 0.60% on the first $500 million 0.54% on the next $500 million 0.50% on such assets over $1 billion |
Large Company Growth Fund | 0.60% |
Small Company Fund | 0.70% on the first $500 million 0.65% on the next $300 million 0.60% on the next $200 million 0.50% on the next $1 billion 0.40% on such assets over $2 billion |
Value Fund** | 0.65% on the first $200 million 0.55% on assets over $200 million |
* | Prior to October 28, 2021, the Fund paid 0.50% first $100 million, 0.45% on the next $100 million, 0.40% on the next $100 million, 0.375% on assets over $300 million. |
** | Prior to September 1, 2021, the Fund paid 0.65% on all assets. |
Barrow, Hanley, Mewhinney & Strauss, LLC | London Company of Virginia d/b/a The London Company |
Value Fund | Large Cap Fund |
DSM Capital Partners LLC | FortWashington Investment Advisors, Inc.* |
International Growth Fund | Balanced Fund |
Large Company Growth Fund | International Equity Fund |
Sage Advisory Services, Ltd Co. | Large Cap Focused Fund |
Core Municipal Bond Fund | Small Company Fund |
Class A | Class C | Class Y | Institutional Class | Class R6 | Termination Date | |
Balanced Fund* | 1.01% | 1.78% | 0.81% | — | 0.64% | July 29, 2023 |
Core Municipal Bond Fund** | 0.80% | 1.55% | 0.55% | 0.48% | — | October 29, 2022 |
International Equity Fund | 1.36% | 1.99% | 0.99% | 0.89% | — | July 29, 2023 |
International Growth Fund | 1.24% | 1.99% | 0.99% | 0.89% | — | October 29, 2022 |
Large Cap Focused Fund* | 1.00% | 1.79% | 0.72% | 0.69% | 0.65% | July 29, 2023 |
Large Cap Fund | 1.03% | 1.78% | 0.78% | 0.68% | — | October 29, 2022 |
Large Company Growth Fund | 1.04% | 1.79% | 0.79% | 0.69% | — | October 29, 2022 |
Small Company Fund | 1.22% | 1.95% | 0.89% | 0.79% | 0.79% | October 29, 2022 |
Value Fund* | 1.08% | 1.83% | 0.83% | 0.68% | 0.63% | July 29, 2023 |
* | The termination date for Class R6 shares is October 29, 2022. |
** | Prior to October 28, 2021, the expense limitation for Class A shares, Class C shares, Class Y and Institutional Class were, 0.85%, 1.60%, 0.60% and 0.55%, respectively. |
Fund | Investment Advisory Fees Waived | Administration Fees Waived | Other Operating Expenses Reimbursed/ Waived | Total |
Balanced Fund | $— | $— | $887 | $887 |
Core Municipal Bond Fund | — | 22,576 | 60,800 | 83,376 |
International Equity Fund | — | 1,646 | 39,248 | 40,894 |
International Growth Fund | — | 49,668 | 86,178 | 135,846 |
Large Cap Focused Fund | — | — | 103,709 | 103,709 |
Large Cap Fund | — | 40,384 | 116,892 | 157,276 |
Large Company Growth Fund | — | 81,226 | 83,056 | 164,282 |
Small Company Fund | — | 10,935 | 83,474 | 94,409 |
Value Fund | — | 109,341 | 111,805 | 221,146 |
Fund | Expires on or before June 30, 2022 | Expires on or before June 30, 2023 | Expires on or before June 30, 2024 | Expires on or before June 30, 2025 | Total |
Balanced Fund | $— | $— | $— | $887 | $887 |
Core Municipal Bond Fund | 76,590 | 157,632 | 73,030 | 43,254 | 350,506 |
International Equity Fund | 85,814 | 174,004 | 67,613 | 29,508 | 356,939 |
International Growth Fund | 107,917 | 193,290 | 255,371 | 127,515 | 684,093 |
Large Cap Focused Fund | 1,099,915 | 1,851,991 | 757,813 | 103,709 | 3,813,428 |
Large Cap Fund | 212,253 | 393,233 | 338,365 | 145,693 | 1,089,544 |
Large Company Growth Fund | 130,141 | 326,338 | 357,163 | 157,097 | 970,739 |
Small Company Fund | 540,927 | 818,548 | 262,375 | 89,445 | 1,711,295 |
Value Fund | 313,906 | 606,669 | 515,267 | 215,421 | 1,651,263 |
Fund | Amount |
Balanced Fund | $ 28,530 |
Core Municipal Bond Fund | 1,824 |
International Equity Fund | 1,939 |
International Growth Fund | 463 |
Large Cap Focused Fund | 19,605 |
Large Cap Fund | 421 |
Large Company Growth Fund | 746 |
Small Company Fund | 8,891 |
Value Fund | 3,238 |
Fund | Class A | Class C |
Balanced Fund | $ 80 | $ 976 |
International Equity Fund | — | 33 |
Large Cap Focused Fund | 114 | 293 |
Small Company Fund | 51 | 59 |
Value Fund | — | 8 |
Fund | Shares ReFlow Subscribed to | Redemptions-in-kind |
Large Cap Focused Fund | 1,274,358 | $ 55,808,873 |
Large Cap Fund | 579,720 | 8,695,547 |
Large Company Growth Fund | 148,787 | 6,568,480 |
Small Company Fund | 5,597,692 | 32,389,391 |
Fund | Daily Average Amount Borrowed | Weighted Average Interest Rate | Interest Expense* |
International Equity Fund | $ 86,174 | 0.68% | $ 300 |
Large Cap Fund | $ 229,706 | 0.68% | $ 792 |
* | Included in Other expenses in the Statements of Operations. |
Balanced Fund | Core Municipal Bond Fund | International Equity Fund | ||||
Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | |
From ordinary income | $7,630,981 | $6,480,488 | $— | $148 | $647,909 | $1,923,637 |
From tax-exempt income | — | — | 1,211,675 | 1,274,837 | — | — |
From long-term capital gains | 26,358,697 | 35,661,000 | 5,224 | 28,458 | — | 5,681,982 |
Total distributions | $33,989,678 | $42,141,488 | $1,216,899 | $1,303,443 | $647,909 | $7,605,619 |
International Growth Fund | Large Cap Focused Fund | Large Cap Fund | ||||
Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | |
From ordinary income | $— | $2,978 | $12,163,638 | $12,128,375 | $3,689,511 | $3,199,658 |
From long-term capital gains | — | — | 94,020,901 | 182,874,825 | — | 17,767,764 |
Total distributions | $— | $2,978 | $106,184,539 | $195,003,200 | $3,689,511 | $20,967,422 |
Large Company Growth Fund | Small Company Fund | Value Fund | ||||
Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | Year Ended June 30, 2021 | Year Ended June 30, 2020 | |
From ordinary income | $1,164,162 | $— | $842,597 | $— | $4,536,512 | $5,160,391 |
From long-term capital gains | 28,994,022 | 15,399,908 | — | 56,603,845 | 4,949,001 | 17,529,100 |
Total distributions | $30,158,184 | $15,399,908 | $842,597 | $56,603,845 | $9,485,513 | $22,689,491 |
Balanced Fund | Core Municipal Bond Fund | International Equity Fund | International Growth Fund | Large Cap Focused Fund | |
Tax cost of portfolio investments | $380,718,668 | $45,868,509 | $99,579,696 | $82,696,255 | $1,167,944,723 |
Gross unrealized appreciation on investments | 204,950,034 | 3,855,864 | 35,031,720 | 23,199,260 | 1,193,040,189 |
Gross unrealized depreciation on investments | (685,506) | — | (12,561,523) | (2,772,964) | (136,391) |
Net unrealized appreciation (depreciation) on investments | 204,264,528 | 3,855,864 | 22,470,197 | 20,426,296 | 1,192,903,798 |
Gross unrealized appreciation on foreign currency transactions | 51 | — | 17,760 | 4,613 | — |
Gross unrealized depreciation on foreign currency transactions | (2) | — | (2,249) | (39) | — |
Net unrealized appreciation (depreciation) on foreign currency transactions | 49 | — | 15,511 | 4,574 | — |
Capital loss carryforwards | — | — | — | (3,748,566) | — |
Late year ordinary losses deferrals | — | — | — | (107,094) | — |
Undistributed ordinary income | 216,763 | — | 2,669,976 | — | 6,657,445 |
Undistributed capital gains | 6,900,702 | 29,891 | 4,367,507 | — | 68,238,396 |
Other temporary differences | (130,273) | (12,406) | — | — | — |
Accumulated earnings (deficit) | $211,251,769 | $3,873,349 | $29,523,191 | $16,575,210 | $1,267,799,639 |
Large Cap Fund | Large Company Growth Fund | Small Company Fund | Value Fund | |
Tax cost of portfolio investments | $226,933,898 | $123,703,047 | $697,076,068 | $306,666,443 |
Gross unrealized appreciation on investments | 144,676,727 | 141,849,129 | 318,483,779 | 117,756,011 |
Gross unrealized depreciation on investments | (3,003,438) | — | (14,094,065) | (1,682,095) |
Net unrealized appreciation (depreciation) on investments | 141,673,289 | 141,849,129 | 304,389,714 | 116,073,916 |
Undistributed ordinary income | 2,630,507 | 2,681,389 | 48,143,409 | 4,480,577 |
Undistributed capital gains | 5,073,934 | 19,584,177 | 81,856,299 | 15,386,927 |
Accumulated earnings (deficit) | $149,377,730 | $164,114,695 | $434,389,422 | $135,941,420 |
Fund | No Expiration Short Term | No Expiration Long Term | Total |
International Growth Fund | $ 3,748,566 | $ — | $ 3,748,566 |
Fund | Utilized |
International Growth Fund | $ 20,488,614 |
Fund | Realized Capital Losses | Ordinary Losses | Total |
International Growth Fund | $ — | $ 107,094 | $ 107,094 |
Fund | Federal Tax Cost | Gross Unrealized Appreciation on Investments | Gross Unrealized Depreciation on Investments | Gross Unrealized Appreciation on Other(A) | Gross Unrealized Depreciation on Other | Net Unrealized Appreciation (Depreciation) |
Balanced Fund | $744,944,322 | $246,981,361 | $(7,822,049) | $— | $— | $239,159,312 |
Core Municipal Bond Fund | 65,627,958 | 2,314,754 | (10,047) | — | — | 2,304,707 |
International Equity Fund | 118,041,558 | 22,285,175 | (12,810,954) | 18,933 | — | 9,493,154 |
International Growth Fund | 73,966,186 | 18,854,743 | (3,479,803) | 59 | (1,005) | 15,373,994 |
Large Cap Focused Fund | 1,809,231,734 | 1,475,873,378 | (23,382,464) | — | — | 1,452,490,914 |
Large Cap Fund | 212,140,092 | 172,037,141 | (2,032,018) | — | — | 170,005,123 |
Large Company Growth Fund | 155,202,529 | 118,558,176 | (2,014,157) | — | — | 116,544,019 |
Small Company Fund | 715,303,557 | 304,332,033 | (16,262,189) | — | — | 288,069,844 |
Value Fund | 458,378,331 | 147,566,720 | (15,813,775) | — | — | 131,752,945 |
(A) | Other includes Foreign Currency Transactions. |
Before Reorganization | After Reorganization | |||
AIG Active Allocation Fund | AIG Multi-Asset Allocation Fund | Touchstone Balanced Fund | Touchstone Balanced Fund | |
Class A | ||||
Shares | 4,274,242(A) | 7,806,800(D) | 12,619,656 | 25,322,891 |
Net Assets | $109,774,276 | $200,499,312 | $324,106,590 | $650,359,781 |
Net Assets Value | $25.68(A) | $25.68(D) | $25.68 | $25.68 |
Class B* | ||||
Shares | 225,143(B) | 397,050(E) | — | — |
Net Assets | $5,782,265 | $10,197,338 | $— | $— |
Net Asset Value | $25.68(B) | $25.68(E) | $— | $— |
Class C | ||||
Shares | 359,911(C) | 361,997(F) | 2,574,613 | 3,296,521 |
Net Assets | $9,266,692 | $9,320,432 | $66,289,088 | $84,876,212 |
Net Asset Value | $25.75(C) | $25.75(F) | $25.75 | $25.75 |
Class Y | ||||
Shares | — | — | 7,978,792 | 7,978,792 |
Net Assets | $— | $— | $203,060,748 | $203,060,748 |
Net Asset Value | $— | $— | $25.45 | $25.45 |
Fund Total | ||||
Shares Outstanding | 4,859,296 | 8,565,847 | 23,173,061 | 36,598,204 |
Net Assets | $124,823,233 | $220,017,082 | $593,456,426 | $938,296,741 |
Unrealized Appreciation (Depreciation) | $7,087,346 | $11,315,621 | $206,862,646 | $225,265,613 |
(A) | Reflects a 0.6343:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(B) | Reflects a 0.6271:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(C) | Reflects a 0.6288:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(D) | Reflects a 0.6818:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(E) | Reflects a 0.6813:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(F) | Reflects a 0.6799:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
* | Class B shares of the AIG Active Allocation Fund and AIG Multi-Asset Allocation Fund were exchanged for Class A shares of the Touchstone Balanced Fund. |
Net investment income | $3,726,203 |
Net realized and unrealized gain(loss) on investments | $34,934,338 |
Net increase in net assets resulting from operations | $38,660,541 |
Before Reorganization | After Reorganization | ||
AIG International Dividend Strategy Fund | Touchstone International Equity Fund | Touchstone International Equity Fund | |
Class A | |||
Shares | 2,291,115(A) | 4,643,460 | 6,934,575 |
Net Assets | $43,002,245 | $87,153,955 | $130,156,200 |
Net Assets Value | $18.77(A) | $18.77 | $18.77 |
Class C | |||
Shares | 122,778(B) | 120,180 | 242,958 |
Net Assets | $2,140,804 | $2,095,495 | $4,236,299 |
Net Asset Value | $17.44(B) | $17.44 | $17.44 |
Class Y* | |||
Shares | 53,869(C) | 1,489,950 | 1,543,819 |
Net Assets | $998,993 | $27,630,867 | $28,629,860 |
Net Asset Value | $18.54(C) | $18.54 | $18.54 |
Institutional Class | |||
Shares | — | 231,167 | 231,167 |
Net Assets | $— | $4,280,368 | $4,280,368 |
Net Asset Value | $— | $18.52 | $18.52 |
Fund Total | |||
Shares Outstanding | 2,467,762 | 6,484,757 | 8,952,519 |
Net Assets | $46,142,042 | $121,160,685 | $167,302,727 |
Unrealized Appreciation (Depreciation) | $5,530,353 | $22,166,220 | $27,696,573 |
(A) | Reflects a 0.4563:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(B) | Reflects a 0.4439:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
(C) | Reflects a 0.4629:1 stock split which occurred on the date of the reorganization, July 16, 2021. |
* | Class W shares of the AIG International Dividend Strategy Fund were exchanged for Class Y shares of the Touchstone International Equity Fund. |
Net investment income | $1,022,727 |
Net realized and unrealized gain(loss) on investments | $(7,946,963) |
Net decrease in net assets resulting from operations | $(6,924,236) |
Before Reorganization | After Reorganization | ||
AIG Focused Alpha Large-Cap Fund | Touchstone Large Cap Focused Fund | Touchstone Large Cap Focused Fund | |
Class A | |||
Shares | 11,569,461(A) | 26,160,413 | 37,729,874 |
Net Assets | $681,748,263 | $1,541,543,849 | $2,223,292,112 |
Net Assets Value | $58.93(A) | $58.93 | $58.93 |
Class C | |||
Shares | 446,479(B) | 755,828 | 1,202,307 |
Net Assets | $24,084,368 | $40,771,490 | $64,855,858 |
Net Asset Value | $53.94(B) | $53.94 | $53.94 |
Class Y* | |||
Shares | 681,058(C) | 9,911,830 | 10,592,888 |
Net Assets | $40,068,287 | $583,136,903 | $623,205,190 |
Net Asset Value | $58.83(C) | $58.83 | $58.83 |
Institutional Class | |||
Shares | — | 3,557,114 | 3,557,114 |
Net Assets | $— | $209,666,312 | $209,666,312 |
Net Asset Value | $— | $58.94 | $58.94 |
Fund Total | |||
Shares Outstanding | 12,696,998 | 40,385,185 | 53,082,183 |
Net Assets | $745,900,918 | $2,375,118,554 | $3,121,019,472 |
Unrealized Appreciation (Depreciation) | $209,596,258 | $1,195,911,973 | $1,405,508,231 |
Net investment loss | $(17,052,239) |
Net realized and unrealized gain(loss) on investments | $141,509,493 |
Net increase in net assets resulting from operations | $124,457,254 |
Before Reorganization | After Reorganization | ||
AIG Strategic Value Fund | Touchstone Value Fund | Touchstone Value Fund | |
Class A | |||
Shares | 16,002,448(A) | 2,901,429 | 18,903,877 |
Net Assets | $178,897,865 | $32,436,111 | $211,333,976 |
Net Assets Value | $11.18(A) | $11.18 | $11.18 |
Before Reorganization | After Reorganization | ||
AIG Strategic Value Fund | Touchstone Value Fund | Touchstone Value Fund | |
Class C | |||
Shares | 454,230(B) | 171,151 | 625,381 |
Net Assets | $5,060,481 | $1,906,760 | $6,967,241 |
Net Asset Value | $11.14(B) | $11.14 | $11.14 |
Class Y* | |||
Shares | 493,844(C) | 8,718,150 | 9,211,994 |
Net Assets | $5,545,569 | $97,899,575 | $103,445,144 |
Net Asset Value | $11.23(C) | $11.23 | $11.23 |
Institutional Class | |||
Shares | — | 25,628,393 | 25,628,393 |
Net Assets | $— | $286,911,947 | $286,911,947 |
Net Asset Value | $— | $11.20 | $11.20 |
Fund Total | |||
Shares Outstanding | 16,950,522 | 37,419,123 | 54,369,645 |
Net Assets | $189,503,915 | $419,154,393 | $608,658,308 |
Unrealized Appreciation (Depreciation) | $15,906,544 | $108,838,306 | $124,744,850 |
Net investment loss | $(17,052,239) |
Net realized and unrealized gain(loss) on investments | $141,509,493 |
Net increase in net assets resulting from operations | $124,457,254 |
Net Expense Ratio Annualized December 31, 2021 | Beginning Account Value July 1, 2021 | Ending Account Value December 31, 2021 | Expenses Paid During the Six Months Ended December 31, 2021* | ||
Balanced Fund | |||||
Class A | Actual | 0.95% | $1,000.00 | $1,044.70 | $4.90 |
Class A | Hypothetical | 0.95% | $1,000.00 | $1,020.42 | $4.84 |
Class C | Actual | 1.72% | $1,000.00 | $1,040.80 | $8.85 |
Class C | Hypothetical | 1.72% | $1,000.00 | $1,016.53 | $8.74 |
Class Y | Actual | 0.79% | $1,000.00 | $1,045.80 | $4.07 |
Net Expense Ratio Annualized December 31, 2021 | Beginning Account Value July 1, 2021 | Ending Account Value December 31, 2021 | Expenses Paid During the Six Months Ended December 31, 2021* | ||
Class Y | Hypothetical | 0.79% | $1,000.00 | $1,021.22 | $4.02 |
Class R6** | Actual | 0.64% | $1,000.00 | $1,045.40 | $1.15 |
Class R6** | Hypothetical | 0.64% | $1,000.00 | $1,007.64 | $1.13 |
Core Municipal Bond Fund | |||||
Class A | Actual | 0.83% | $1,000.00 | $1,004.50 | $4.19 |
Class A | Hypothetical | 0.83% | $1,000.00 | $1,021.02 | $4.23 |
Class C | Actual | 1.58% | $1,000.00 | $1,000.70 | $7.97 |
Class C | Hypothetical | 1.58% | $1,000.00 | $1,017.24 | $8.03 |
Class Y | Actual | 0.58% | $1,000.00 | $1,005.80 | $2.93 |
Class Y | Hypothetical | 0.58% | $1,000.00 | $1,022.28 | $2.96 |
Institutional Class | Actual | 0.53% | $1,000.00 | $1,006.10 | $2.68 |
Institutional Class | Hypothetical | 0.53% | $1,000.00 | $1,022.53 | $2.70 |
International Equity Fund | |||||
Class A | Actual | 1.35% | $1,000.00 | $946.10 | $6.62 |
Class A | Hypothetical | 1.35% | $1,000.00 | $1,018.40 | $6.87 |
Class C | Actual | 1.99% | $1,000.00 | $942.40 | $9.74 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,015.17 | $10.11 |
Class Y | Actual | 0.99% | $1,000.00 | $947.30 | $4.86 |
Class Y | Hypothetical | 0.99% | $1,000.00 | $1,020.21 | $5.04 |
Institutional Class | Actual | 0.89% | $1,000.00 | $947.30 | $4.37 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.72 | $4.53 |
International Growth Fund | |||||
Class A | Actual | 1.24% | $1,000.00 | $911.40 | $5.97 |
Class A | Hypothetical | 1.24% | $1,000.00 | $1,018.95 | $6.31 |
Class C | Actual | 1.99% | $1,000.00 | $907.50 | $9.57 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,015.17 | $10.11 |
Class Y | Actual | 0.99% | $1,000.00 | $912.50 | $4.77 |
Class Y | Hypothetical | 0.99% | $1,000.00 | $1,020.21 | $5.04 |
Institutional Class | Actual | 0.89% | $1,000.00 | $912.50 | $4.29 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.72 | $4.53 |
Large Cap Focused Fund | |||||
Class A | Actual | 0.96% | $1,000.00 | $1,069.50 | $5.01*** |
Class A | Hypothetical | 0.96% | $1,000.00 | $1,020.37 | $4.89*** |
Class C | Actual | 1.77% | $1,000.00 | $1,065.20 | $9.21*** |
Class C | Hypothetical | 1.77% | $1,000.00 | $1,016.28 | $9.00*** |
Class Y | Actual | 0.73% | $1,000.00 | $1,070.90 | $3.81*** |
Class Y | Hypothetical | 0.73% | $1,000.00 | $1,021.53 | $3.72*** |
Institutional Class | Actual | 0.70% | $1,000.00 | $1,070.80 | $3.65*** |
Institutional Class | Hypothetical | 0.70% | $1,000.00 | $1,021.68 | $3.57*** |
Class R6** | Actual | 0.23% | $1,000.00 | $1,013.70 | $1.17*** |
Class R6** | Hypothetical | 0.23% | $1,000.00 | $1,024.05 | $1.17*** |
Large Cap Fund | |||||
Class A | Actual | 1.04% | $1,000.00 | $1,098.50 | $5.50**** |
Class A | Hypothetical | 1.04% | $1,000.00 | $1,019.96 | $5.30**** |
Class C | Actual | 1.79% | $1,000.00 | $1,093.60 | $9.45**** |
Class C | Hypothetical | 1.79% | $1,000.00 | $1,016.18 | $9.10**** |
Class Y | Actual | 0.79% | $1,000.00 | $1,099.40 | $4.18**** |
Class Y | Hypothetical | 0.79% | $1,000.00 | $1,021.22 | $4.02**** |
Institutional Class | Actual | 0.69% | $1,000.00 | $1,099.70 | $3.65**** |
Institutional Class | Hypothetical | 0.69% | $1,000.00 | $1,021.73 | $3.52**** |
Large Company Growth Fund | |||||
Class A | Actual | 1.05% | $1,000.00 | $1,041.10 | $5.40***** |
Class A | Hypothetical | 1.05% | $1,000.00 | $1,019.91 | $5.35***** |
Class C | Actual | 1.80% | $1,000.00 | $1,037.30 | $9.24***** |
Class C | Hypothetical | 1.80% | $1,000.00 | $1,016.13 | $9.15***** |
Class Y | Actual | 0.80% | $1,000.00 | $1,042.70 | $4.12***** |
Class Y | Hypothetical | 0.80% | $1,000.00 | $1,021.17 | $4.08***** |
Institutional Class | Actual | 0.70% | $1,000.00 | $1,043.10 | $3.60***** |
Institutional Class | Hypothetical | 0.70% | $1,000.00 | $1,021.68 | $3.57***** |
Net Expense Ratio Annualized December 31, 2021 | Beginning Account Value July 1, 2021 | Ending Account Value December 31, 2021 | Expenses Paid During the Six Months Ended December 31, 2021* | ||
Small Company Fund | |||||
Class A | Actual | 1.16% | $1,000.00 | $1,043.60 | $5.98****** |
Class A | Hypothetical | 1.16% | $1,000.00 | $1,019.36 | $5.90****** |
Class C | Actual | 1.97% | $1,000.00 | $1,039.90 | $10.13****** |
Class C | Hypothetical | 1.97% | $1,000.00 | $1,015.27 | $10.01****** |
Class Y | Actual | 0.91% | $1,000.00 | $1,045.90 | $4.69****** |
Class Y | Hypothetical | 0.91% | $1,000.00 | $1,020.62 | $4.63****** |
Institutional Class | Actual | 0.81% | $1,000.00 | $1,047.40 | $4.18****** |
Institutional Class | Hypothetical | 0.81% | $1,000.00 | $1,021.12 | $4.13****** |
Class R6 | Actual | 0.81% | $1,000.00 | $1,045.20 | $4.18****** |
Class R6 | Hypothetical | 0.81% | $1,000.00 | $1,021.12 | $4.13****** |
Value Fund | |||||
Class A | Actual | 1.08% | $1,000.00 | $1,055.20 | $5.59 |
Class A | Hypothetical | 1.08% | $1,000.00 | $1,019.76 | $5.50 |
Class C | Actual | 1.83% | $1,000.00 | $1,050.40 | $9.46 |
Class C | Hypothetical | 1.83% | $1,000.00 | $1,015.98 | $9.30 |
Class Y | Actual | 0.83% | $1,000.00 | $1,056.10 | $4.30 |
Class Y | Hypothetical | 0.83% | $1,000.00 | $1,021.02 | $4.23 |
Institutional Class | Actual | 0.68% | $1,000.00 | $1,057.00 | $3.53 |
Institutional Class | Hypothetical | 0.68% | $1,000.00 | $1,021.78 | $3.47 |
Class R6** | Actual | 0.63% | $1,000.00 | $1,011.50 | $1.11 |
Class R6** | Hypothetical | 0.63% | $1,000.00 | $1,007.66 | $1.11 |
* | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (to reflect one-half year period). |
** | Represents the period from commencement of operations (October 28, 2021) through December 31, 2021. Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 64/365. |
*** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $4.99, $9.19, $3.79, $3.63 and $3.35, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $4.87, $8.98, $3.70, $3.55 and $3.34, respectively. |
**** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.45, $9.39, $4.13 and $3.60, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.24, $9.05, $3.97, and $3.47, respectively. |
***** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.35, $9.19, $4.07 and $3.55, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.30, $9.10, $4.02 and $3.52, respectively. |
****** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $5.98, $10.13, $4.69, $8.28, and $4.28, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $5.89, $9.98, $4.63, $8.18, and $4.12, respectively. |
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)(1) | Not applicable. |
(a)(2)(2) | Not applicable. |
(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 | March 1, 2022 |
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 | March 1, 2022 |
By (Signature and Title)* | /s/ Terrie A. Wiedenheft | |
Terrie A. Wiedenheft, Controller and Treasurer | ||
(principal financial officer) |
Date | March 1, 2022 |
* Print the name and title of each signing officer under his or her signature.