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: June 30, 2022
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 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 |
President
Touchstone Strategic Trust
Average Annual Total Returns** | |||
Touchstone Balanced Fund | 1 Year | 5 Years | 10 Years |
Class A | -17.64% | 6.61% | 7.81% |
Class C | -14.81% | 6.90% | 7.70% |
Class Y | -13.13% | 7.93% | 8.60% |
Class R6* | -13.12% | 7.77% | 8.39% |
60% S&P 500® Index and 40% Bloomberg U.S. Aggregate Bond Index | -10.24% | 7.37% | 8.50% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Class R6 shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Class R6 shares was October 28, 2021. Class R6 shares performance information was calculated using the historical performance of Class A shares for the period prior to October 28, 2021. The returns have been restated for sales loads and fees applicable to Class R6 shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Class R6 shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Core Municipal Bond Fund | 1 Year | 5 Years | 10 Years |
Class A | -11.41% | -0.02% | 1.41% |
Class C | -10.17% | 0.17% | 1.29% |
Class Y* | -8.19% | 1.21% | 2.06% |
Institutional Class* | -8.13% | 1.26% | 2.08% |
Bloomberg Municipal Bond Index | -8.57% | 1.51% | 2.38% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Institutional Class shares based on the difference in sales loads and fees paid by shareholders in the different classes. The inception date of Class Y shares and Institutional Class shares was August 30, 2016. Class Y shares and Institutional Class shares performance information was calculated using the historical performance of Class A shares for the periods prior to August 30, 2016. The returns have been restated for sales loads and fees applicable to Class Y shares and Institutional Class shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 3.36% of the NAV (or 3.25% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone International Equity Fund | 1 Year | 5 Years | 10 Years |
Class A | -22.91% | 0.13% | 4.86% |
Class C | -20.15% | 0.21% | 4.35% |
Class Y | -18.61% | 1.48% | 5.80% |
Institutional Class* | -18.52% | 1.58% | 5.83% |
MSCI EAFE Index | -17.77% | 2.20% | 5.40% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Institutional Class shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Institutional Class shares was October 30, 2017. Institutional Class shares performance information was calculated using the historical performance of Class A shares for the period prior to October 30, 2017. The returns have been restated for sales loads and fees applicable to Institutional Class shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone International Growth Fund | 1 Year | 5 Years | 10 Years |
Class A* | -35.03% | 0.12% | 7.28% |
Class C* | -32.75% | 0.57% | 7.11% |
Class Y* | -31.39% | 1.59% | 8.15% |
Institutional Class | -31.34% | 1.69% | 8.23% |
MSCI All Country World Ex USA Index | -19.42% | 2.50% | 4.83% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Institutional Class shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Class A shares, Class C shares and Class Y shares was August 15, 2016. Class A shares, Class C shares and Class Y shares performance information was calculated using the historical performance of Institutional Class shares for periods prior to August 15, 2016. The returns have been restated for sales loads and fees applicable to Class A, Class C and Class Y shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Large Cap Focused Fund | 1 Year | 5 Years | 10 Years |
Class A | -18.38% | 10.88% | 12.29% |
Class C | -15.57% | 11.12% | 12.15% |
Class Y | -13.86% | 12.31% | 13.18% |
Class R6* | -13.90% | 12.07% | 12.90% |
Institutional Class* | -13.85% | 12.37% | 13.15% |
S&P 500® Index | -10.62% | 11.31% | 12.96% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares, Class R6 shares and Institutional Class shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Class R6 shares and Institutional Class shares was October 28, 2021 and December 23, 2014, respectively. Class R6 shares and Institutional Class shares performance was calculated using the historical performance of Class A shares for the periods prior to October 28, 2021 and December 23, 2014, respectively. The returns have been restated for sales loads and fees applicable to Class R6 shares and Institutional Class shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares, Class R6 shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Large Cap Fund | 1 Year | 5 Years | Since Inception* |
Class A | -15.87% | 6.30% | 6.44% |
Class C | -13.01% | 6.76% | 6.45% |
Class Y | -11.20% | 7.84% | 7.50% |
Institutional Class | -11.15% | 7.94% | 7.61% |
Russell 1000® Index | -13.04% | 11.00% | 10.31% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Institutional Class shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of the Fund was July 9, 2014. The returns of the index listed above are based on the inception date of the Fund. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Large Company Growth Fund | 1 Year | 5 Years | 10 Years |
Class A* | -27.12% | 9.52% | 12.15% |
Class C* | -24.49% | 10.00% | 11.98% |
Class Y* | -23.09% | 11.10% | 13.10% |
Institutional Class | -23.03% | 11.21% | 13.18% |
Russell 1000® Growth Index | -18.77% | 14.29% | 14.80% |
S&P 500® Index | -10.62% | 11.31% | 12.96% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares and Institutional Class shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Class A shares, Class C shares and Class Y shares was August 15, 2016. Class A shares, Class C shares and Class Y shares performance information was calculated using the historical performance of Institutional Class shares for periods prior to August 15, 2016. The returns have been restated for sales loads and fees applicable to Class A, Class C and Class Y shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares and Institutional Class shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Small Company Fund | 1 Year | 5 Years | 10 Years |
Class A | -22.04% | 5.46% | 9.68% |
Class C | -19.23% | 5.71% | 9.63% |
Class Y | -17.81% | 6.81% | 10.56% |
Class R6* | -17.73% | 6.95% | 10.59% |
Institutional Class* | -17.70% | 6.83% | 10.55% |
Russell 2000® Index | -25.20% | 5.17% | 9.35% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares, Institutional Class shares and Class R6 shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Institutional Class shares and Class R6 shares was October 30, 2017 and December 23, 2014, respectively. Institutional Class shares and Class R6 shares performance was calculated using the historical performance of Class A shares for the periods prior to October 30, 2017 and December 23, 2014, respectively. The returns have been restated for sales loads and fees applicable to Institutional Class and Class R6 shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares, Institutional Class shares and Class R6 shares are not subject to sales charges. |
Average Annual Total Returns** | |||
Touchstone Value Fund | 1 Year | 5 Years | 10 Years |
Class A | -10.03% | 6.61% | 9.52% |
Class C | -6.98% | 7.06% | 9.50% |
Class Y | -5.06% | 8.16% | 10.45% |
Class R6* | -4.98% | 8.18% | 10.46% |
Institutional Class | -5.02% | 8.31% | 10.58% |
Russell 1000® Value Index | -6.82% | 7.17% | 10.50% |
* | The chart above represents performance of Class A shares only, which will vary from the performance of Class C shares, Class Y shares, Institutional Class shares and Class R6 shares based on the differences in sales loads and fees paid by shareholders in the different classes. The inception date of Class R6 shares was October 28, 2021. Class R6 shares performance was calculated using the historical performance of Class A shares for the periods prior to October 28, 2021. The returns have been restated for sales loads and fees applicable to Class R6 shares. |
** | The average annual total returns shown above are adjusted for maximum sales loads and fees, if applicable. The maximum offering price per share of Class A shares is equal to the net asset value (“NAV”) per share plus a sales load equal to 5.26% of the NAV (or 5.00% of the offering price). Class C shares are subject to a contingent deferred sales charge (“CDSC”) of 1.00%. The CDSC will be assessed on an amount equal to the lesser of (1) the NAV at the time of purchase of the shares being redeemed or (2) the NAV of such shares being redeemed, if redeemed within a one-year period from the date of purchase. Class Y shares, Class R6 shares and Institutional Class shares are not subject to sales charges. |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 39.9% |
AA/Aa | 8.8 |
A/A | 16.1 |
BBB/Baa | 31.3 |
BB/Ba | 1.0 |
B/B | 0.7 |
Not Rated | 2.2 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Common Stocks | |
Information Technology | 17.9% |
Health Care | 10.9 |
Communication Services | 8.8 |
Financials | 6.8 |
Industrials | 5.3 |
Consumer Discretionary | 5.3 |
Consumer Staples | 3.2 |
Energy | 2.4 |
Real Estate | 1.3 |
Materials | 0.8 |
Fixed Income Securities | 31.5 |
Exchange-Traded Fund | 1.5 |
Preferred Stocks | |
Financials | 0.4 |
Real Estate | 0.0 |
Short-Term Investment Funds | 4.3 |
Other Assets/Liabilities (Net) | (0.4) |
Total | 100.0% |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 2.4% |
AA/Aa | 51.0 |
A/A | 35.0 |
BBB/Baa | 4.9 |
BB/Ba | 0.7 |
Cash Equivalents | 6.0 |
Total | 100.0% |
Portfolio Allocation(% of Net Assets) | |
Fixed Rate Revenue Bonds | 70.0% |
General Obligation Bonds | 27.1 |
Short-Term Investment Fund | 6.6 |
Other Assets/Liabilities (Net) | (3.7) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
France | 16.5% |
United Kingdom | 14.8 |
Switzerland | 13.3 |
Germany | 8.0 |
Mexico | 4.8 |
Japan | 4.8 |
United States | 3.2 |
Canada | 3.1 |
Brazil | 3.0 |
Hong Kong | 3.0 |
South Korea | 2.9 |
Greece | 2.7 |
India | 2.6 |
China | 2.0 |
Norway | 1.7 |
Tanzania | 1.3 |
Netherlands | 1.0 |
Spain | 1.0 |
Short-Term Investment Fund | 7.9 |
Other Assets/Liabilities (Net) | 2.4 |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
Canada | 15.2% |
India | 12.4 |
France | 11.5 |
United Kingdom | 11.0 |
United States | 6.2 |
Switzerland | 5.7 |
Israel | 4.1 |
Singapore | 3.9 |
Sweden | 3.7 |
Taiwan | 3.3 |
Germany | 3.0 |
Spain | 2.9 |
South Korea | 2.7 |
Thailand | 2.5 |
Italy | 2.1 |
Japan | 1.6 |
Netherlands | 0.8 |
Short-Term Investment Funds | 15.1 |
Other Assets/Liabilities (Net) | (7.7) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 28.1% |
Health Care | 15.3 |
Communication Services | 13.6 |
Financials | 11.2 |
Consumer Discretionary | 7.9 |
Industrials | 7.8 |
Consumer Staples | 4.5 |
Energy | 3.3 |
Real Estate | 1.9 |
Materials | 1.4 |
Short-Term Investment Fund | 5.1 |
Other Assets/Liabilities (Net) | (0.1) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 18.5% |
Financials | 18.2 |
Consumer Discretionary | 12.3 |
Communication Services | 10.9 |
Consumer Staples | 10.0 |
Industrials | 9.3 |
Materials | 8.4 |
Health Care | 6.0 |
Real Estate | 3.1 |
Short-Term Investment Fund | 3.3 |
Other Assets/Liabilities (Net) | 0.0 |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 40.2% |
Communication Services | 14.6 |
Health Care | 12.6 |
Financials | 8.3 |
Consumer Discretionary | 7.5 |
Consumer Staples | 5.0 |
Materials | 3.0 |
Industrials | 1.6 |
Short-Term Investment Fund | 7.6 |
Other Assets/Liabilities (Net) | (0.4) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Industrials | 19.3% |
Health Care | 18.1 |
Information Technology | 17.5 |
Consumer Discretionary | 16.1 |
Financials | 10.5 |
Real Estate | 6.7 |
Materials | 5.7 |
Communication Services | 3.7 |
Energy | 1.3 |
Short-Term Investment Funds | 2.2 |
Other Assets/Liabilities (Net) | (1.1) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Health Care | 16.9% |
Financials | 16.1 |
Consumer Discretionary | 11.5 |
Energy | 11.5 |
Materials | 9.8 |
Industrials | 9.6 |
Information Technology | 8.6 |
Communication Services | 6.2 |
Consumer Staples | 3.2 |
Real Estate | 2.7 |
Utilities | 1.9 |
Short-Term Investment Fund | 1.2 |
Other Assets/Liabilities (Net) | 0.8 |
Total | 100.0% |
Shares | Market Value | |||
Common Stocks — 62.7% | ||||
Information Technology — 17.9% | ||||
6,138 | Accenture PLC - Class A | $ 1,704,216 | ||
220,570 | Apple, Inc. | 30,156,330 | ||
54,320 | International Business Machines Corp. | 7,669,441 | ||
154,402 | Microsoft Corp. | 39,655,066 | ||
133,039 | Oracle Corp. | 9,295,435 | ||
60,853 | PayPal Holdings, Inc.* | 4,249,973 | ||
62,590 | salesforce, Inc.* | 10,329,854 | ||
101,750 | SS&C Technologies Holdings, Inc. | 5,908,622 | ||
60,000 | Texas Instruments, Inc. | 9,219,000 | ||
57,538 | Visa, Inc. - Class A | 11,328,657 | ||
33,884 | Workday, Inc. - Class A* | 4,729,529 | ||
134,246,123 | ||||
Health Care — 10.9% | ||||
5,751 | Alcon, Inc. (Switzerland) | 401,937 | ||
66,655 | AmerisourceBergen Corp. | 9,430,349 | ||
10,765 | Becton Dickinson & Co. | 2,653,895 | ||
103,668 | BioMarin Pharmaceutical, Inc.* | 8,590,967 | ||
157,376 | Bristol-Myers Squibb Co. | 12,117,952 | ||
10,000 | CVS Health Corp. | 926,600 | ||
2,153 | Embecta Corp.* | 54,514 | ||
49,687 | HCA Healthcare, Inc. | 8,350,397 | ||
94,799 | Johnson & Johnson | 16,827,771 | ||
31,591 | Merck & Co., Inc. | 2,880,152 | ||
10,047 | Stryker Corp. | 1,998,650 | ||
34,685 | UnitedHealth Group, Inc. | 17,815,257 | ||
82,048,441 | ||||
Communication Services — 8.8% | ||||
12,835 | Alphabet, Inc. - Class C* | 28,075,921 | ||
184,897 | AT&T, Inc. | 3,875,441 | ||
211,054 | Comcast Corp. - Class A | 8,281,759 | ||
139,358 | Fox Corp. - Class A | 4,481,753 | ||
88,558 | Meta Platforms, Inc. - Class A* | 14,279,977 | ||
19,479 | Netflix, Inc.* | 3,406,293 | ||
31,985 | Walt Disney Co. (The)* | 3,019,384 | ||
44,729 | Warner Bros Discovery, Inc.* | 600,263 | ||
66,020,791 | ||||
Financials — 6.8% | ||||
226,643 | Bank of America Corp. | 7,055,397 | ||
77,164 | Berkshire Hathaway, Inc. - Class B* | 21,067,315 | ||
1,410 | CME Group, Inc. | 288,627 | ||
47,404 | Goldman Sachs Group, Inc. (The) | 14,079,936 | ||
6,547 | Markel Corp.* | 8,466,908 | ||
50,958,183 | ||||
Industrials — 5.3% | ||||
14,471 | Boeing Co. (The)* | 1,978,475 | ||
12,358 | Deere & Co. | 3,700,850 | ||
17,319 | FedEx Corp. | 3,926,390 | ||
4,260 | Honeywell International, Inc. | 740,431 | ||
57,917 | Hubbell, Inc. | 10,342,818 | ||
137,571 | Raytheon Technologies Corp. | 13,221,949 | ||
164,527 | Southwest Airlines Co.* | 5,942,715 | ||
39,853,628 | ||||
Consumer Discretionary — 5.3% | ||||
42,282 | Airbnb, Inc. - Class A* | 3,766,480 | ||
35,598 | Alibaba Group Holding Ltd. (China) ADR* | 4,046,781 | ||
188,220 | Amazon.com, Inc.* | 19,990,846 | ||
61,986 | Hilton Worldwide Holdings, Inc. | 6,907,720 | ||
65,658 | Starbucks Corp. | 5,015,615 | ||
39,727,442 |
Shares | Market Value | |||
Consumer Staples — 3.2% | ||||
110,390 | Monster Beverage Corp.* | $ 10,233,153 | ||
8,485 | PepsiCo, Inc. | 1,414,110 | ||
106,067 | Philip Morris International, Inc. | 10,473,056 | ||
12,856 | Procter & Gamble Co. (The) | 1,848,564 | ||
23,968,883 | ||||
Energy — 2.4% | ||||
20,000 | Chevron Corp. | 2,895,600 | ||
111,879 | Exxon Mobil Corp. | 9,581,318 | ||
146,582 | Schlumberger NV | 5,241,772 | ||
17,718,690 | ||||
Real Estate — 1.3% | ||||
57,090 | Jones Lang LaSalle, Inc.* | 9,982,757 | ||
Materials — 0.8% | ||||
108,662 | DuPont de Nemours, Inc. | 6,039,434 | ||
Total Common Stocks | $470,564,372 |
Principal Amount | ||||
Corporate Bonds — 13.7% | ||||
Financials — 4.6% | ||||
$ 1,300,000 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 2.450%, 10/29/26 | 1,133,486 | ||
770,000 | Allstate Corp. (The), 1.450%, 12/15/30 | 613,385 | ||
896,000 | American Express Co., 2.250%, 3/4/25 | 861,490 | ||
2,116,421 | American Financial Group, Inc., 5.250%, 4/2/30 | 2,127,134 | ||
876,000 | Ares Capital Corp., 3.250%, 7/15/25 | 810,595 | ||
511,000 | Bank of America Corp., 2.687%, 4/22/32 | 430,142 | ||
804,000 | Bank of America Corp., 3.705%, 4/24/28 | 767,694 | ||
1,212,000 | Bank of America Corp., MTN, 4.000%, 1/22/25 | 1,207,584 | ||
884,000 | Bank of Montreal (Canada), 3.803%, 12/15/32 | 820,674 | ||
1,216,000 | Bank of Nova Scotia (The) (Canada), Ser 2, 3.625%, 10/27/81 | 920,729 | ||
1,166,000 | Barclays PLC (United Kingdom), 2.894%, 11/24/32 | 939,818 | ||
555,000 | Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | 514,426 | ||
433,000 | BNP Paribas SA (France), 144a, 4.625%, 3/13/27 | 424,383 | ||
1,409,000 | Charles Schwab Corp. (The), 1.150%, 5/13/26 | 1,272,628 | ||
1,130,000 | Charles Schwab Corp. (The), 5.000%(A) | 1,011,970 | ||
868,000 | Citigroup, Inc., 0.981%, 5/1/25 | 813,859 | ||
747,000 | Citigroup, Inc., 3.200%, 10/21/26 | 711,734 | ||
446,000 | Citigroup, Inc., 4.750%, 5/18/46 | 400,445 | ||
914,000 | Cooperatieve Rabobank UA (Netherlands), 144a, 1.106%, 2/24/27 | 807,161 | ||
1,268,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 1.981%, 2/15/27(B) | 1,175,451 | ||
862,000 | Credit Suisse AG (Switzerland), 3.700%, 2/21/25 | 843,502 | ||
850,000 | Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | 707,595 | ||
1,611,000 | Goldman Sachs Group, Inc. (The), 3.615%, 3/15/28 | 1,526,827 | ||
720,000 | Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | 683,762 | ||
758,000 | HSBC Holdings PLC (United Kingdom), 3.900%, 5/25/26 | 741,704 | ||
1,255,000 | Huntington Bancshares, Inc., 2.550%, 2/4/30 | 1,075,947 | ||
936,000 | JPMorgan Chase & Co., 2.956%, 5/13/31 | 810,067 | ||
963,000 | JPMorgan Chase & Co., 3.509%, 1/23/29 | 902,202 | ||
942,000 | Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28 | 882,793 | ||
1,225,000 | Mastercard, Inc., 2.000%, 11/18/31 | 1,035,622 | ||
1,066,000 | Morgan Stanley, 3.950%, 4/23/27 | 1,034,617 | ||
460,000 | Morgan Stanley, 5.297%, 4/20/37 | 446,642 | ||
1,162,000 | Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | 970,571 |
Principal Amount | MarketValue | |||
Corporate Bonds — 13.7% (Continued) | ||||
Financials — (Continued) | ||||
$ 370,000 | PNC Bank NA, 2.700%, 11/1/22 | $ 369,844 | ||
1,024,000 | PNC Capital Trust, (3M LIBOR +0.570%), 2.150%, 6/1/28(B) | 952,311 | ||
1,115,000 | Prudential Financial, Inc., 5.125%, 3/1/52 | 1,029,312 | ||
984,000 | Toronto-Dominion Bank (The) (Canada), MTN, 1.150%, 6/12/25† | 908,709 | ||
1,461,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 2.080%, 5/15/27(B) | 1,344,120 | ||
380,000 | Truist Financial Corp., MTN, 2.850%, 10/26/24 | 372,854 | ||
63,000 | Wells Fargo & Co., MTN, 4.100%, 6/3/26 | 62,041 | ||
34,465,830 | ||||
Consumer Discretionary — 1.4% | ||||
83,385 | Air Canada 2015-1 Class A Pass Through Trust (Canada), 144a, 3.600%, 3/15/27 | 79,049 | ||
1,405,000 | BAT Capital Corp. (United Kingdom), 3.557%, 8/15/27 | 1,287,293 | ||
672,000 | Brunswick Corp., 4.400%, 9/15/32 | 582,243 | ||
658,000 | Ford Motor Co., 3.250%, 2/12/32 | 487,924 | ||
498,000 | Ford Motor Credit Co. LLC, 3.664%, 9/8/24 | 474,888 | ||
1,560,000 | General Motors Financial Co., Inc., 3.100%, 1/12/32 | 1,257,346 | ||
587,000 | General Motors Financial Co., Inc., 5.650%, 1/17/29 | 586,686 | ||
646,000 | Home Depot, Inc. (The), 5.950%, 4/1/41 | 737,855 | ||
949,000 | Hyundai Capital America, 144a, 2.650%, 2/10/25 | 905,973 | ||
941,000 | Lowe's Cos., Inc., 4.500%, 4/15/30 | 931,987 | ||
688,000 | Magallanes, Inc., 144a, 4.279%, 3/15/32 | 617,117 | ||
688,000 | Magallanes, Inc., 144a, 5.141%, 3/15/52 | 581,253 | ||
1,596,000 | Procter & Gamble Co. (The), 1.200%, 10/29/30 | 1,306,833 | ||
1,090,000 | Toll Brothers Finance Corp., 3.800%, 11/1/29 | 926,353 | ||
10,762,800 | ||||
Industrials — 1.2% | ||||
804,000 | Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | 660,857 | ||
501,000 | Boeing Co. (The), 5.805%, 5/1/50 | 463,610 | ||
947,000 | Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | 1,043,347 | ||
644,000 | Carrier Global Corp., 3.577%, 4/5/50 | 490,594 | ||
1,180,000 | CNH Industrial Capital LLC, 1.450%, 7/15/26 | 1,043,437 | ||
635,000 | FedEx Corp., 5.100%, 1/15/44 | 614,447 | ||
917,000 | John Deere Capital Corp., MTN, 2.450%, 1/9/30 | 822,826 | ||
804,000 | Mohawk Industries, Inc., 3.625%, 5/15/30 | 719,087 | ||
793,000 | Norfolk Southern Corp., 4.837%, 10/1/41 | 778,909 | ||
926,000 | Parker-Hannifin Corp., 4.250%, 9/15/27 | 922,630 | ||
584,000 | Roper Technologies, Inc., 2.950%, 9/15/29 | 516,975 | ||
1,364,000 | Weir Group PLC (The) (United Kingdom), 144a, 2.200%, 5/13/26 | 1,200,628 | ||
9,277,347 | ||||
Information Technology — 1.1% | ||||
1,513,000 | Apple, Inc., 2.750%, 1/13/25 | 1,495,363 | ||
619,000 | Apple, Inc., 4.650%, 2/23/46 | 640,348 | ||
1,398,000 | Broadcom, Inc., 4.150%, 11/15/30 | 1,283,976 | ||
1,136,000 | Microchip Technology, Inc., 0.983%, 9/1/24 | 1,060,359 | ||
476,000 | Microsoft Corp., 3.500%, 2/12/35 | 457,712 | ||
974,000 | NXP BV / NXP Funding LLC (China), 5.350%, 3/1/26 | 993,543 | ||
590,000 | Oracle Corp., 2.650%, 7/15/26 | 544,451 | ||
390,000 | Oracle Corp., 3.600%, 4/1/40 | 291,886 | ||
673,000 | Visa, Inc., 4.150%, 12/14/35 | 671,317 | ||
683,000 | VMware, Inc., 1.400%, 8/15/26 | 605,040 | ||
8,043,995 | ||||
Utilities — 1.0% | ||||
1,018,000 | CMS Energy Corp., 4.750%, 6/1/50 | 891,992 | ||
536,000 | Duke Energy Progress LLC, 4.150%, 12/1/44 | 481,851 | ||
538,000 | Edison International, 4.125%, 3/15/28 | 502,377 |
Principal Amount | MarketValue | |||
Utilities — (Continued) | ||||
$ 879,000 | Electricite de France SA (France), 144a, 4.875%, 9/21/38 | $ 781,253 | ||
898,000 | FirstEnergy Transmission LLC, 144a, 5.450%, 7/15/44 | 838,254 | ||
1,111,000 | Ohio Power Co., Ser R, 2.900%, 10/1/51 | 800,207 | ||
971,000 | Pacific Gas and Electric Co., 3.500%, 8/1/50 | 652,687 | ||
789,000 | PacifiCorp., 5.750%, 4/1/37 | 837,807 | ||
1,754,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 3.524%, 5/15/67(B) | 1,353,965 | ||
7,140,393 | ||||
Communication Services — 0.9% | ||||
856,000 | AT&T, Inc., 3.850%, 6/1/60 | 666,400 | ||
462,000 | AT&T, Inc., 4.500%, 5/15/35 | 439,467 | ||
1,158,000 | British Telecommunications PLC (United Kingdom), 144a, 3.250%, 11/8/29 | 1,035,289 | ||
953,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | 928,714 | ||
739,000 | Comcast Corp., 4.000%, 3/1/48 | 646,673 | ||
1,409,000 | Netflix, Inc., 6.375%, 5/15/29 | 1,416,186 | ||
336,000 | Paramount Global, 4.950%, 5/19/50 | 283,504 | ||
1,007,000 | T-Mobile USA, Inc., 3.875%, 4/15/30 | 942,354 | ||
937,000 | Verizon Communications, Inc., 2.987%, 10/30/56 | 655,549 | ||
7,014,136 | ||||
Real Estate — 0.9% | ||||
914,000 | Crown Castle International Corp. REIT, 3.650%, 9/1/27 | 863,963 | ||
730,000 | Equinix, Inc. REIT, 2.900%, 11/18/26 | 679,324 | ||
1,012,000 | Host Hotels & Resorts LP REIT, Ser F, 4.500%, 2/1/26 | 995,481 | ||
806,000 | Invitation Homes Operating Partnership LP REIT, 4.150%, 4/15/32 | 733,811 | ||
654,000 | Mid-America Apartments LP REIT, 3.750%, 6/15/24 | 652,222 | ||
820,000 | Realty Income Corp. REIT, 4.600%, 2/6/24 | 827,414 | ||
717,000 | Sabra Health Care LP REIT, 5.125%, 8/15/26 | 698,476 | ||
314,000 | STORE Capital Corp. REIT, 4.500%, 3/15/28 | 306,776 | ||
589,000 | STORE Capital Corp. REIT, 4.625%, 3/15/29 | 575,779 | ||
6,333,246 | ||||
Health Care — 0.8% | ||||
827,000 | AbbVie, Inc., 4.450%, 5/14/46 | 755,003 | ||
725,000 | Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49 | 579,475 | ||
798,000 | Becton Dickinson and Co., 4.685%, 12/15/44 | 740,894 | ||
784,000 | CommonSpirit Health, 4.187%, 10/1/49 | 662,498 | ||
733,000 | CVS Health Corp., 5.125%, 7/20/45 | 709,557 | ||
904,000 | DH Europe Finance II Sarl, 3.250%, 11/15/39 | 753,478 | ||
506,000 | HCA Inc., 5.375%, 9/1/26 | 501,742 | ||
725,000 | Mylan, Inc., 4.550%, 4/15/28 | 692,282 | ||
930,000 | UnitedHealth Group, Inc., 3.500%, 8/15/39 | 814,628 | ||
6,209,557 | ||||
Energy — 0.8% | ||||
712,000 | Boardwalk Pipelines LP, 4.800%, 5/3/29 | 691,219 | ||
613,000 | Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38 | 650,604 | ||
635,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | 622,561 | ||
662,000 | Continental Resources, Inc., 144a, 5.750%, 1/15/31 | 637,963 | ||
754,000 | Energy Transfer LP, 4.150%, 9/15/29 | 691,653 | ||
621,000 | MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | 493,502 | ||
808,000 | Midwest Connector Capital Co. LLC, 144a, 3.900%, 4/1/24 | 793,496 | ||
610,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | 665,977 |
Principal Amount | MarketValue | |||
Corporate Bonds — 13.7% (Continued) | ||||
Energy — (Continued) | ||||
$ 663,000 | Petroleos Mexicanos (Mexico), 6.625%, 6/15/35 | $ 452,584 | ||
592,000 | Valero Energy Corp., 4.000%, 6/1/52 | 475,331 | ||
6,174,890 | ||||
Consumer Staples — 0.8% | ||||
1,077,000 | 7-Eleven, Inc., 144a, 0.950%, 2/10/26 | 951,239 | ||
1,164,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | 1,100,202 | ||
944,000 | Ashtead Capital, Inc. (United Kingdom), 144a, 4.000%, 5/1/28 | 853,432 | ||
1,240,000 | JBS Finance Luxembourg Sarl, 144a, 2.500%, 1/15/27 | 1,075,998 | ||
398,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 144a, 4.375%, 2/2/52 | 281,474 | ||
321,000 | Kroger Co. (The), 5.000%, 4/15/42 | 311,688 | ||
908,000 | Mars, Inc., 144a, 3.875%, 4/1/39 | 824,622 | ||
517,000 | Starbucks Corp., 3.350%, 3/12/50 | 393,745 | ||
5,792,400 | ||||
Materials — 0.2% | ||||
535,000 | Braskem America Finance Co. (Brazil), 144a, 7.125%, 7/22/41 | 501,476 | ||
567,000 | Braskem Netherlands Finance BV (Brazil), 144a, 5.875%, 1/31/50 | 447,879 | ||
903,000 | Sherwin-Williams Co. (The), 4.500%, 6/1/47 | 803,998 | ||
1,753,353 | ||||
Total Corporate Bonds | $102,967,947 | |||
U.S. Treasury Obligations — 5.8% | ||||
4,565,000 | U.S. Treasury Bond, 1.750%, 8/15/41 | 3,493,117 | ||
4,650,000 | U.S. Treasury Bond, 2.250%, 2/15/52 | 3,859,500 | ||
9,985,000 | U.S. Treasury Bond, 2.375%, 2/15/42 | 8,513,773 | ||
5,234,342 | U.S. Treasury Inflation Indexed Bond, 0.125%, 2/15/52 | 4,157,485 | ||
15,224,000 | U.S. Treasury Note, 0.750%, 5/31/26 | 13,947,206 | ||
3,195,000 | U.S. Treasury Note, 1.500%, 1/31/27 | 2,987,450 | ||
1,095,000 | U.S. Treasury Note, 1.875%, 2/15/32 | 994,739 | ||
6,000,000 | U.S. Treasury Note, 2.750%, 4/30/27 | 5,927,812 | ||
Total U.S. Treasury Obligations | $43,881,082 | |||
Commercial Mortgage-Backed Securities — 3.4% | ||||
825,000 | BANK, Ser 2018-BN14, Class A3, 3.966%, 9/15/60 | 810,949 | ||
26,751,310 | BANK, Ser 2019-BN21, Class XA, 0.987%, 10/17/52(B)(C)(D) | 1,264,858 | ||
905,000 | BANK, Ser 2020-BN26, Class A4, 2.403%, 3/15/63 | 794,357 | ||
1,150,000 | BANK, Ser 2022-BNK39, Class A4, 2.928%, 2/15/55 | 1,033,809 | ||
870,000 | BBCMS Mortgage Trust, Ser 2021-C11, Class A5, 2.322%, 9/15/54 | 740,528 | ||
2,520,000 | BBCMS Mortgage Trust, Ser 2021-C12, Class A5, 2.689%, 11/15/54 | 2,206,465 | ||
670,000 | BBCMS Mortgage Trust, Ser 2022-C14, Class A5, 2.946%, 2/15/55(B)(D) | 598,836 | ||
900,000 | BPR Trust, Ser 2021-KEN, Class B, 144a, (1M LIBOR +1.950%), 3.274%, 2/15/29(B) | 887,984 | ||
1,500,000 | BX Commercial Mortgage Trust, Ser 2020-VIV3, Class B, 144a, 3.662%, 3/9/44(B)(D) | 1,319,661 | ||
1,500,000 | BX Commercial Mortgage Trust, Ser 2020-VIV4, Class A, 144a, 2.843%, 3/9/44 | 1,288,960 | ||
755,000 | Citigroup Commercial Mortgage Trust, Ser 2020-GC46, Class A5, 2.717%, 2/15/53 | 673,614 | ||
1,230,000 | COMM Mortgage Trust, Ser 2015-DC1, Class A5, 3.350%, 2/10/48 | 1,203,383 | ||
1,220,000 | COMM Mortgage Trust, Ser 2018-HOME, Class A, 144a, 3.942%, 4/10/33(B)(D) | 1,151,396 |
Principal Amount | MarketValue | |||
Commercial Mortgage-Backed Securities — 3.4% (Continued) | ||||
$ 700,000 | GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.659%, 1/10/43(B)(D) | $ 631,434 | ||
1,205,000 | GS Mortgage Securities Trust, Ser 2020-GC47, Class A5, 2.377%, 5/12/53 | 1,049,480 | ||
1,000,000 | HONO Mortgage Trust, Ser 2021-LULU, Class B, 144a, (1M LIBOR +1.450%), 2.774%, 10/15/36(B) | 963,766 | ||
562,000,000 | Independence Plaza Trust, Ser 2018-INDP, Class XCP, 144a, 0.249%, 7/10/35(B)(C)(D) | 920,444 | ||
2,485,000 | JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2017-JP7, Class A5, 3.454%, 9/15/50 | 2,392,255 | ||
500,000 | JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (1M LIBOR +1.27%), 2.594%, 11/15/35(B) | 493,226 | ||
1,100,000 | Morgan Stanley Capital I Trust, Ser 2018-H3, Class AS, 4.177%, 7/15/51 | 1,088,450 | ||
825,000 | SG Commercial Mortgage Securities Trust, Ser 2019-787E, Class A, 144a, 4.163%, 2/15/41 | 781,558 | ||
770,000 | Wells Fargo Commercial Mortgage Trust, Ser 2018-AUS, Class B, 144a, 4.194%, 8/17/36(B)(D) | 718,042 | ||
2,220,000 | Wells Fargo Commercial Mortgage Trust, Ser 2019-C53, Class A4, 3.040%, 10/15/52 | 2,036,053 | ||
262,558 | WFRBS Commercial Mortgage Trust, Ser 2014-C19, Class A3, 3.660%, 3/15/47 | 261,774 | ||
Total Commercial Mortgage-Backed Securities | $25,311,282 | |||
U.S. Government Mortgage-Backed Obligations — 3.1% | ||||
1,542 | FHLMC, Pool #G08062, 5.000%, 6/1/35 | 1,625 | ||
139,845 | FHLMC, Pool #G08637, 4.000%, 4/1/45 | 141,130 | ||
811,120 | FHLMC, Pool #Q02664, 4.500%, 8/1/41 | 839,141 | ||
1,372,845 | FHLMC, Pool #Q29056, 4.000%, 10/1/44 | 1,385,454 | ||
733,893 | FHLMC, Pool #Q29260, 4.000%, 10/1/44 | 740,633 | ||
2,029,876 | FHLMC REMIC, Pool #QD2143, 2.000%, 12/1/51 | 1,773,628 | ||
1,622,388 | FHLMC REMIC, Pool #SD8148, 3.000%, 5/1/51 | 1,516,313 | ||
310 | FNMA, Pool #690305, 5.500%, 3/1/33 | 323 | ||
312,473 | FNMA, Pool #725423, 5.500%, 5/1/34 | 334,893 | ||
279,813 | FNMA, Pool #725610, 5.500%, 7/1/34 | 300,067 | ||
52,946 | FNMA, Pool #748895, 6.000%, 12/1/33 | 54,140 | ||
106,816 | FNMA, Pool #AD9193, 5.000%, 9/1/40 | 112,499 | ||
312,928 | FNMA, Pool #AH8925, 4.500%, 3/1/41 | 323,363 | ||
168,891 | FNMA, Pool #AL5718, 3.500%, 9/1/44 | 166,231 | ||
318,856 | FNMA, Pool #AR9195, 3.000%, 3/1/43 | 305,174 | ||
568,214 | FNMA, Pool #BC1809, 3.500%, 5/1/46 | 556,512 | ||
1,925,033 | FNMA, Pool #BT7156, 2.000%, 8/1/51 | 1,681,941 | ||
2,120,479 | FNMA, Pool #CB1336, 2.000%, 8/1/41 | 1,899,812 | ||
681,268 | FNMA, Pool #FM4996, 2.000%, 12/1/50 | 596,322 | ||
2,025,059 | FNMA, Pool #FM5085, 2.000%, 12/1/50 | 1,769,799 | ||
642,068 | FNMA, Pool #FM5166, 3.000%, 12/1/50 | 600,485 | ||
540,734 | FNMA, Pool #FM5279, 3.500%, 11/1/50 | 524,938 | ||
464,500 | FNMA, Pool #FM5468, 2.500%, 1/1/36 | 445,300 | ||
614,776 | FNMA, Pool #FM5682, 2.500%, 1/1/51 | 555,651 | ||
1,771,007 | FNMA, Pool #FM7913, 2.000%, 4/1/36 | 1,659,961 | ||
2,098,867 | FNMA, Pool #FM8360, 2.500%, 8/1/51 | 1,899,510 | ||
2,030,821 | FNMA, Pool #FM8361, 2.500%, 8/1/51 | 1,833,768 | ||
747,011 | FNMA, Pool #MA4166, 3.000%, 10/1/40 | 707,048 | ||
482,612 | GNMA, Pool #5175, 4.500%, 9/20/41 | 505,356 | ||
Total U.S. Government Mortgage-Backed Obligations | $23,231,017 | |||
Asset-Backed Securities — 2.5% | ||||
1,000,000 | AB BSL CLO 2 Ltd. (Cayman Islands), Ser 2021-2A, Class B1, 144a, (3M LIBOR +1.650%), 2.694%, 4/15/34(B) | 941,348 |
Principal Amount | MarketValue | |||
Asset-Backed Securities — 2.5% (Continued) | ||||
$ 1,500,000 | AB BSL CLO 3, Ltd. (Cayman Islands), Ser 2021-3A, Class B, 144a, (3M LIBOR +1.700%), 2.763%, 10/20/34(B) | $ 1,416,464 | ||
357,489 | Adams Outdoor Advertising LP, Ser 2018-1, Class A, 144a, 4.810%, 11/15/48 | 352,180 | ||
345,189 | CF Hippolyta Issuer LLC, Ser 2020-1, Class A1, 144a, 1.690%, 7/15/60 | 313,090 | ||
1,344,188 | CLI Funding VI LLC, Ser 2020-3A, Class A, 144a, 2.070%, 10/18/45 | 1,213,525 | ||
846,563 | Driven Brands Funding LLC, Ser 2019-1A, Class A2, 144a, 4.641%, 4/20/49 | 809,406 | ||
373,982 | Elara HGV Timeshare Issuer LLC, Ser 2019-A, Class B, 144a, 2.910%, 1/25/34 | 352,125 | ||
1,027,000 | Jack in the Box Funding LLC, Ser 2019-1A, Class A2II, 144a, 4.476%, 8/25/49 | 984,478 | ||
995,000 | Jack in the Box Funding LLC, Ser 2022-1A, Class A2I, 144a, 3.445%, 2/26/52 | 907,633 | ||
376,110 | Jersey Mike's Funding, Ser 2019-1A, Class A2, 144a, 4.433%, 2/15/50 | 357,891 | ||
950,000 | Jimmy Johns Funding LLC, Ser 2022-1A, Class A2I, 144a, 4.077%, 4/30/52 | 887,137 | ||
1,150,000 | Madison Park Funding XLIX Ltd. (Cayman Islands), Ser 2021-49A, Class B1, 144a, (3M LIBOR +1.700%), 2.744%, 10/19/34(B) | 1,093,400 | ||
573,777 | Mill City Mortgage Loan Trust, Ser 2018-3, Class M3, 144a, 3.250%, 8/25/58(B)(D) | 507,850 | ||
841,500 | Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | 730,359 | ||
525,000 | New Mountain CLO 1 Ltd. (Cayman Islands), Ser CLO-1A, Class AR, 144a, (3M LIBOR +1.200%), 2.244%, 10/15/34(B) | 504,468 | ||
1,500,000 | Palmer Square CLO, Ltd. (Cayman Islands), Ser 2021-4A, Class B, 144a, (3M LIBOR +1.650%), 2.694%, 10/15/34(B) | 1,425,728 | ||
997,500 | Planet Fitness Master Issuer LLC, Ser 2022-1A, Class A2I, 144a, 3.251%, 12/5/51 | 893,651 | ||
1,500,000 | Rockford Tower CLO, Ltd. (Cayman Islands), Ser 2021-3A, Class B, 144a, (3M LIBOR +1.750%), 2.813%, 10/20/34(B)(E) | 1,415,715 | ||
395,881 | TAL Advantage VII LLC, Ser 2020-1A, Class A, 144a, 2.050%, 9/20/45 | 359,340 | ||
1,400,000 | Textainer Marine Containers, Ltd. (China), Ser 2021-3A, Class A, 144a, 1.940%, 8/20/46 | 1,210,005 | ||
1,400,000 | Towd Point Mortgage Trust, Ser 2015-6, Class B1, 144a, 3.775%, 4/25/55(B)(D) | 1,309,801 | ||
1,140,000 | Towd Point Mortgage Trust, Ser 2019-4, Class M1B, 144a, 3.000%, 10/25/59(B)(D) | 972,932 | ||
Total Asset-Backed Securities | $18,958,526 |
Shares | ||||
Exchange-Traded Fund — 1.5% | ||||
133,451 | iShares JP Morgan USD Emerging Markets Bond ETF | 11,386,039 |
Principal Amount | ||||
Non-Agency Collateralized Mortgage Obligations — 1.5% | ||||
$ 115,615 | Agate Bay Mortgage Trust, Ser 2013-1, Class B3, 144a, 3.564%, 7/25/43(B)(D) | 114,054 | ||
385,337 | Agate Bay Mortgage Trust, Ser 2015-4, Class B2, 144a, 3.528%, 6/25/45(B)(D) | 375,388 | ||
456,477 | Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.655%, 10/25/45(B)(D) | 441,112 | ||
216,363 | CSMC Trust, Ser 2013-IVR3, Class B2, 144a, 3.398%, 5/25/43(B)(D) | 213,258 |
Principal Amount | MarketValue | |||
Non-Agency Collateralized Mortgage Obligations — 1.5% (Continued) | ||||
$ 350,629 | CSMC Trust, Ser 2015-1, Class B3, 144a, 3.931%, 1/25/45(B)(D) | $ 340,397 | ||
388,149 | CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.792%, 12/25/44(B)(D) | 375,938 | ||
561,838 | GS Mortgage-Backed Securities Trust, Ser 2021-PJ6, Class A2, 144a, 2.500%, 11/25/51(B)(D) | 481,096 | ||
1,340,371 | GS Mortgage-Backed Securities Trust, Ser 2021-PJ8, Class A8, 144a, 2.500%, 1/25/52(B)(D) | 1,227,565 | ||
685,699 | JP Morgan Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.458%, 1/25/47(B)(D) | 630,454 | ||
1,126,707 | JP Morgan Mortgage Trust, Ser 2020-5, Class B1, 144a, 3.598%, 12/25/50(B)(D) | 1,003,621 | ||
1,493,960 | JP Morgan Mortgage Trust, Ser 2021-10, Class A4, 144a, 2.500%, 12/25/51(B)(D) | 1,351,567 | ||
1,397,426 | Mill City Mortgage Loan Trust, Ser 2019-1, Class M1, 144a, 3.500%, 10/25/69(B)(D) | 1,290,020 | ||
166,980 | Sequoia Mortgage Trust, Ser 2015-2, Class A19, 144a, 3.500%, 5/25/45(B)(D) | 156,445 | ||
898,701 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B1B, 144a, 4.756%, 8/25/48(B)(D) | 896,614 | ||
815,384 | Sequoia Mortgage Trust, Ser 2018-CH3, Class B2B, 144a, 4.756%, 8/25/48(B)(D) | 811,912 | ||
1,337,315 | Wells Fargo Mortgage Backed Securities Trust, Ser 2021-2, Class A3, 144a, 2.500%, 6/25/51(B)(D) | 1,213,196 | ||
Total Non-Agency Collateralized Mortgage Obligations | $10,922,637 | |||
Agency Collateralized Mortgage Obligations — 0.9% | ||||
528,014 | FHLMC REMIC, Ser 3859, Class JB, 5.000%, 5/15/41 | 551,471 | ||
515,000 | FHLMC REMIC, Ser 4991, Class HB, 2.000%, 7/25/50 | 407,795 | ||
1,650,000 | FHLMC REMIC, Ser 5178, Class CV, 2.000%, 11/25/40 | 1,335,468 | ||
1,500,000 | FNMA REMIC, Ser 2019-35, Class KB, 3.000%, 7/25/49 | 1,331,527 | ||
2,150,000 | FNMA REMIC, Ser 2022-16, Class KB, 2.500%, 11/25/49 | 1,791,543 | ||
1,370,000 | FREMF Mortgage Trust, Ser 2019-K103, Class B, 144a, 3.573%, 12/25/51(B)(D) | 1,249,118 | ||
251,367 | GNMA, Ser 2010-169, Class AW, 4.500%, 12/20/40 | 257,448 | ||
4,028,375 | GNMA, Ser 2012-147, Class IO, 0.555%, 4/16/54(B)(C)(D) | 58,717 | ||
Total Agency Collateralized Mortgage Obligations | $6,983,087 | |||
Sovereign Government Obligations — 0.6% | ||||
674,000 | Bahamas Government International Bond, 144a, 6.000%, 11/21/28 | 477,299 | ||
650,000 | Chile Government International Bond, 3.100%, 5/7/41 | 494,553 | ||
801,000 | Chile Government International Bond, 3.100%, 1/22/61 | 541,549 | ||
663,000 | Colombia Government International Bond, 3.250%, 4/22/32 | 479,074 | ||
725,000 | Ecuador Government International Bond, 144a, 5.000%, 7/31/30 | 466,734 | ||
680,000 | Egypt Government International Bond, 144a, 5.875%, 2/16/31 | 421,822 | ||
680,000 | Ghana Government International Bond, 144a, 7.625%, 5/16/29 | 330,344 | ||
777,000 | Mexico Government International Bond, 3.771%, 5/24/61 | 494,568 |
Principal Amount | MarketValue | |||
Sovereign Government Obligations — 0.6% (Continued) | ||||
$ 655,000 | Nigeria Government International Bond, 144a, 7.625%, 11/28/47 | $ 391,363 | ||
650,000 | Republic of Uzbekistan International Bond, 144a, 3.700%, 11/25/30 | 469,050 | ||
Total Sovereign Government Obligations | $4,566,356 |
Shares | ||||
Preferred Stocks — 0.4% | ||||
Financials — 0.4% | ||||
18,730 | Bank of America Corp., Ser NN, 4.375%(A)† | 357,556 | ||
19,645 | Bank of America Corp., Ser QQ, 4.250%(A) | 363,433 | ||
28,250 | JPMorgan Chase & Co., Ser JJ, 4.550%(A)† | 554,265 | ||
20,386 | JPMorgan Chase & Co., Ser MM, 4.200%(A) | 377,956 | ||
7,114 | US Bancorp, Ser L, 3.750%(A) | 122,956 | ||
24,880 | US Bancorp, Ser M, 4.000%(A) | 461,773 | ||
7,910 | Wells Fargo & Co., Ser AA, 4.700%(A) | 152,900 | ||
11,825 | Wells Fargo & Co., Ser DD, 4.250%(A) | 207,884 | ||
2,598,723 | ||||
Real Estate — 0.0% | ||||
10,809 | Public Storage REIT, Ser P, 4.000%(A) | 197,480 | ||
Total Preferred Stocks | $2,796,203 | |||
Short-Term Investment Funds — 4.3% | ||||
30,804,400 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 30,804,400 | ||
1,732,824 | Invesco Government & Agency Portfolio, Institutional Class, 1.38%∞Ω** | 1,732,824 | ||
Total Short-Term Investment Funds | $32,537,224 | |||
Total Investment Securities—100.4% (Cost $694,430,587) | $754,105,772 | |||
Liabilities in Excess of Other Assets — (0.4%) | (2,996,678) | |||
Net Assets — 100.0% | $751,109,094 |
(A) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
(B) | Variable rate security - Rate reflected is the rate in effect as of June 30, 2022. |
(C) | Interest only security - This type of security represents the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the “interest only” holding. |
(D) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(E) | 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. |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2022 was $1,695,572. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
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 June 30, 2022, these securities were valued at $60,366,279 or 8.0% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $470,564,372 | $— | $— | $470,564,372 |
Corporate Bonds | — | 102,967,947 | — | 102,967,947 |
U.S. Treasury Obligations | — | 43,881,082 | — | 43,881,082 |
Commercial Mortgage-Backed Securities | — | 25,311,282 | — | 25,311,282 |
U.S. Government Mortgage-Backed Obligations | — | 23,231,017 | — | 23,231,017 |
Asset-Backed Securities | — | 18,958,526 | — | 18,958,526 |
Exchange-Traded Fund | 11,386,039 | — | — | 11,386,039 |
Non-Agency Collateralized Mortgage Obligations | — | 10,922,637 | — | 10,922,637 |
Agency Collateralized Mortgage Obligations | — | 6,983,087 | — | 6,983,087 |
Sovereign Government Obligations | — | 4,566,356 | — | 4,566,356 |
Preferred Stocks | 2,796,203 | — | — | 2,796,203 |
Short-Term Investment Funds | 32,537,224 | — | — | 32,537,224 |
Total | $517,283,838 | $236,821,934 | $— | $754,105,772 |
Principal Amount | Market Value | |||
Fixed Rate Revenue Bonds – 70.0% | ||||
$ 500,000 | Alaska Municipal Bond Bank Auth., Revenue, 5.000%, 12/01/33 | $ 562,692 | ||
500,000 | American Municipal Power Inc, Revenue, 5.000%, 02/15/35 | 558,586 | ||
500,000 | Brevard County Health Fac. Auth., Revenue, 5.000%, 04/01/52 | 524,763 | ||
500,000 | Central Florida Expressway Auth., Revenue, 5.000%, 07/01/28 | 562,623 | ||
450,000 | City of Erie Higher Education Building Authority, Revenue, 5.000%, 05/01/47 | 464,598 | ||
550,000 | City of Lake Worth Beach FL Consolidated Utility Revenue, 4.000%, 10/01/52 | 518,026 | ||
500,000 | City of Panama City Beach, 4.000%, 11/01/44 | 486,385 | ||
500,000 | Cleveland, OH, Airport System Rev. Ser B, 5.000%, 01/01/37 | 538,344 | ||
500,000 | Cobb County Kennestone Hospital Auth., Revenue, 4.000%, 04/01/52 | 464,680 | ||
500,000 | Connecticut State Health & Educational Fac. Auth., Revenue, 5.000%, 07/01/26 | 539,706 | ||
700,000 | County of Miami-Dade FL Aviation Revenue, Revenue Ser A, 5.000%, 10/01/33 | 770,704 | ||
575,000 | County of St Louis, Revenue, 5.000%, 05/01/27 | 639,252 | ||
1,000,000 | Cuyahoga County, OH COP, 5.000%, 12/01/32 | 1,036,015 | ||
685,000 | DeKalb-Jackson Water Supply District Inc, Revenue Ser A, 5.000%, 07/01/32 | 770,424 | ||
500,000 | Florida Development Finance Corp., Revenue Ser A, 5.000%, 06/15/30 | 521,943 | ||
510,000 | Florida Governmental Utility Auth., Revenue Ser A, 5.000%, 10/01/25 | 547,301 | ||
500,000 | Fort Pierce Utilities Auth., Revenue, 4.000%, 10/01/52 | 474,969 | ||
500,000 | Georgetown , TX, Utility System Revenue, 5.000%, 08/15/25 | 538,072 | ||
425,000 | Georgetown , TX, Utility System Revenue, 5.000%, 08/15/35 | 477,116 | ||
500,000 | Greater Jasper School Building Corp., Revenue, 5.000%, 07/15/29 | 557,074 | ||
350,000 | Guam Power Auth., Revenue Ser A, 5.000%, 10/01/26 | 371,777 | ||
500,000 | Hamilton County, OH, 5.000%, 02/01/30 | 511,603 | ||
1,080,000 | Hamilton County, OH, 5.000%, 05/15/33 | 1,116,042 | ||
500,000 | Hamilton County, OH, 5.000%, 08/15/40 | 529,030 | ||
1,000,000 | Hamilton County, OH EDR, 5.000%, 06/01/33 | 1,065,049 | ||
465,000 | Harris County Cultural Education Fac. Finance Corp., Revenue Ser A, 5.000%, 07/01/52 | 490,072 | ||
500,000 | Hospitals & Higher Education Fac. Auth. of Philadelphia/The, Revenue, 5.000%, 07/01/37 | 540,991 | ||
675,000 | Illinois State Toll Highway Authority, Revenue Ser A, 5.000%, 01/01/46 | 729,782 | ||
500,000 | Iowa Higher Education Loan Auth., Revenue, 5.375%, 10/01/52 | 515,574 | ||
525,000 | Jacksonville, FL, Revenue Ser R, 5.000%, 10/01/35 | 593,560 | ||
500,000 | JEA Electric System Revenue, 5.000%, 10/01/28 | 560,677 | ||
595,000 | Kentucky Public Energy Auth., Revenue Ser 1, 4.000%, 02/01/30 | 602,796 | ||
500,000 | Kentucky State Property & Building Commission, Revenue Ser A, 5.000%, 11/01/23 | 518,692 | ||
500,000 | Lancaster School District Ser A, 4.125%, 11/01/50 | 471,261 | ||
500,000 | Lehigh County, PA, Revenue, 5.000%, 07/01/28 | 553,589 | ||
500,000 | Louisville/Jefferson County Metropolitan Government, Revenue Ser A, 5.000%, 05/15/52 | 510,935 | ||
500,000 | Maryland Stadium Auth., Revenue, 5.000%, 06/01/28 | 559,543 | ||
555,000 | Massachusetts School Building Auth., Revenue Ser A, 5.000%, 08/15/45 | 614,618 |
Principal Amount | Market Value | |||
$ 575,000 | Metropolitan Transportation Authority, Revenue, 5.000%, 11/15/22 | $ 581,676 | ||
435,000 | Michigan Finance Auth., Revenue Ser A, 5.000%, 12/01/34 | 484,649 | ||
500,000 | Michigan Finance Authority, Revenue, 5.000%, 06/01/32 | 542,538 | ||
500,000 | Monroeville Finance Auth., Revenue Ser B, 5.000%, 02/15/29 | 552,771 | ||
500,000 | Municipal Electric Authority of Georgia, 5.000%, 07/01/52 | 517,080 | ||
750,000 | New Jersey Educational Fac. Auth., Revenue Ser A, 5.000%, 07/01/26 | 815,162 | ||
500,000 | New Jersey Transportation Trust Fund Authority, Revenue, 5.000%, 06/15/45 | 521,394 | ||
500,000 | New York State Dormitory Auth., Revenue, 5.000%, 07/01/29 | 534,079 | ||
500,000 | New York State Dormitory Auth., Revenue, 5.000%, 05/01/52 | 518,461 | ||
365,000 | New York State Dormitory Auth., Revenue Ser A, 5.000%, 10/01/34 | 407,309 | ||
500,000 | Newark Higher Education Finance Corp., Revenue Ser A, 4.000%, 04/01/57 | 434,339 | ||
500,000 | North Kent Sewer Auth., Revenue, 5.000%, 11/01/23 | 519,759 | ||
650,000 | North Sumter County Utility Dependent District, Revenue Ser N, 5.000%, 10/01/49 | 709,129 | ||
500,000 | Ohio Higher Educational Fac. Commission, 5.000%, 03/01/34 | 506,461 | ||
525,000 | Ohio State University (The) Ser A, 4.000%, 12/01/33 | 528,594 | ||
500,000 | Oregon State Fac. Auth., Revenue Ser A, 5.000%, 06/01/52 | 529,241 | ||
500,000 | Pasco County School Board, COP Ser B, 5.000%, 08/01/46 | 539,875 | ||
500,000 | Pennsylvania Higher Educational Fac. Auth., Revenue Ser A, 5.000%, 05/01/32 | 560,700 | ||
695,000 | Pennsylvania Turnpike Commission, Revenue, 5.000%, 12/01/44 | 739,662 | ||
500,000 | Pittsburg Successor Agency Redevelopment Agency, 5.000%, 08/01/23 | 516,599 | ||
500,000 | Polaris Career Center COP, 5.000%, 11/01/35 | 535,705 | ||
500,000 | Regional Transportation District, Revenue, 5.000%, 01/15/29 | 527,973 | ||
555,000 | School District of Broward County, COP Ser B, 5.000%, 07/01/36 | 623,503 | ||
580,000 | South Carolina Jobs-Economic Development Auth., Revenue Ser A, 4.000%, 04/01/52 | 548,195 | ||
520,000 | South Carolina Public Service Auth., Revenue Ser A, 4.000%, 12/01/52 | 462,719 | ||
305,000 | South Carolina Public Service Authority, Revenue Ser B, 5.000%, 12/01/43 | 322,042 | ||
585,000 | South Wayne County Water and Sewer Authority, Revenue Ser S, 4.000%, 02/15/37 | 592,405 | ||
510,000 | State Board of Higher Education of the State of North Dakota, Revenue Ser A, 5.000%, 04/01/29 | 555,304 | ||
400,000 | State of Ohio, 4.000%, 11/15/40 | 370,769 | ||
500,000 | Tobacco Settlement Financing Corp, Revenue, 5.000%, 06/01/30 | 533,842 | ||
500,000 | Town of Upland, Revenue EDR, 4.000%, 09/01/43 | 475,147 | ||
540,000 | Wildwood Utility Dependent District, Revenue, 5.000%, 10/01/41 | 599,604 | ||
500,000 | Wisconsin Health & Educational Fac. Auth., Revenue, 5.000%, 10/01/28 | 555,387 | ||
500,000 | Wisconsin Health & Educational Fac. Auth., Revenue, 5.000%, 12/01/38 | 542,917 | ||
240,000 | Yamhill County, OR, Revenue, 4.000%, 12/01/41 | 230,727 | ||
Total Fixed Rate Revenue Bonds | $40,944,581 | |||
General Obligation Bonds – 27.1% | ||||
500,000 | Chicago Board of Education, UTGO, 4.000%, 12/01/47 | 436,750 |
Principal Amount | Market Value | |||
General Obligation Bonds – 27.1% (Continued) | ||||
$ 500,000 | Clark County School District, LTGO Ser D, 5.000%, 06/15/24 | $ 527,855 | ||
500,000 | Farmington Independent School District No 192, UTGO Ser C, 5.000%, 02/01/23 | 509,789 | ||
700,000 | Fort Zumwalt School District, UTGO, 5.000%, 03/01/32 | 783,840 | ||
485,000 | Fowler Public School District, UTGO Ser II, 4.000%, 05/01/50 | 487,130 | ||
100,000 | Gold Hill Mesa Metropolitan District No 2, LTGO Ser A, 5.000%, 12/01/28 | 107,256 | ||
150,000 | Gold Hill Mesa Metropolitan District No 2, LTGO Ser A, 5.000%, 12/01/29 | 160,478 | ||
1,000,000 | Hamilton County, OH LTGO Ser A, 5.000%, 12/01/37 | 1,089,898 | ||
500,000 | Indianapolis Board of School Commissioners, LTGO, 5.000%, 07/15/24 | 527,716 | ||
500,000 | Jackson, MS, UTGO, 5.000%, 03/01/28 | 563,782 | ||
500,000 | Maricopa County Special Health Care District, UTGO, 5.000%, 07/01/28 | 561,741 | ||
500,000 | Maui County, HI, UTGO, 5.000%, 03/01/24 | 525,381 | ||
610,000 | Milwaukee, WI, UTGO Ser N3, 5.000%, 04/01/29 | 696,888 | ||
500,000 | Nassau County, NY, LTGO Ser A, 5.000%, 04/01/29 | 571,883 | ||
500,000 | New Orleans, LA, Revenue Ser A, 5.000%, 12/01/50 | 549,031 | ||
510,000 | Novi Community School District, UTGO Ser I, 5.000%, 05/01/42 | 557,616 | ||
500,000 | Olathe, KS, 5.000%, 08/01/23 | 514,723 | ||
250,000 | Prairiestar Metropolitan District No 2, LTGO Ser A, 5.000%, 12/01/46 | 272,595 | ||
650,000 | Romulus Community Schools, Revenue Ser A, 4.000%, 05/01/23 | 661,792 | ||
500,000 | Salem, OR, UTGO, 5.000%, 06/01/24 | 528,972 | ||
500,000 | School District of Broward County, UTGO, 5.000%, 07/01/51 | 560,221 | ||
440,000 | School District of Philadelphia/The, LTGO Ser D, 5.000%, 09/01/25 | 473,896 | ||
500,000 | State of Mississippi, Revenue Ser C, 5.000%, 10/01/36 | 553,740 | ||
500,000 | State of New Jersey, UTGO, 5.000%, 06/01/29 | 561,943 | ||
500,000 | Sterling Heights, MI, LTGO, 5.000%, 04/01/29 | 567,589 | ||
1,000,000 | Toledo, OH, LTGO, 4.000%, 12/01/35 | 1,036,934 |
Principal Amount | Market Value | |||
$ 585,000 | Town of Stratford, UTGO, 5.000%, 05/15/33 | $ 652,151 | ||
300,000 | Upper Arlington, OH LTGO, 4.000%, 12/01/32 | 310,793 | ||
535,000 | Washington Township Health Care District, UTGO Ser A, 4.000%, 08/01/38 | 522,538 | ||
Total General Obligation Bonds | $15,874,921 |
Shares | ||||
Short-Term Investment Fund — 6.6% | ||||
3,842,597 | Dreyfus Government Cash Management Institutional Shares, 1.350%∞Ω | 3,842,597 | ||
Total Investment Securities—103.7% (Cost $63,345,880) | $60,662,099 | |||
Liabilities in Excess of Other Assets — (3.7%) | $(2,184,322) | |||
Net Assets — 100.0% | $58,477,777 |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
Portfolio Abbreviations: |
COP–Certificates of Participation |
EDR–Economic Development Revenue |
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 | $— | $56,819,502 | $— | $56,819,502 |
Short-Term Investment Fund | 3,842,597 | — | — | 3,842,597 |
Total | $3,842,597 | $56,819,502 | $— | $60,662,099 |
Shares | Market Value | |||
Common Stocks — 89.7% | ||||
France — 16.5% | ||||
Communication Services — 3.1% | ||||
189,700 | JCDecaux SA* | $ 3,194,962 | ||
Consumer Discretionary — 7.3% | ||||
117,100 | Accor SA* | 3,194,670 | ||
102,000 | Cie Generale des Etablissements Michelin SCA | 2,785,719 | ||
2,500 | LVMH Moet Hennessy Louis Vuitton SE | 1,532,195 | ||
Energy — 3.8% | ||||
74,500 | TotalEnergies SE | 3,921,454 | ||
Health Care — 2.3% | ||||
23,200 | Sanofi | 2,339,629 | ||
Total France | 16,968,629 | |||
United Kingdom — 14.8% | ||||
Consumer Staples — 2.7% | ||||
36,500 | Reckitt Benckiser Group PLC | 2,745,248 | ||
Health Care — 3.2% | ||||
1,203,400 | ConvaTec Group PLC, 144a | 3,298,498 | ||
Industrials — 2.9% | ||||
58,200 | Bunzl PLC | 1,932,865 | ||
350,000 | Rotork PLC | 1,028,162 | ||
Information Technology — 3.6% | ||||
54,500 | AVEVA Group PLC | 1,496,163 | ||
68,000 | Spectris PLC | 2,252,811 | ||
Real Estate — 2.4% | ||||
1,054,576 | Foxtons Group PLC | 421,707 | ||
165,900 | Savills PLC | 2,045,578 | ||
Total United Kingdom | 15,221,032 | |||
Switzerland — 13.3% | ||||
Consumer Staples — 2.8% | ||||
25,000 | Nestle SA | 2,921,819 | ||
Health Care — 5.5% | ||||
31,500 | Novartis AG | 2,670,590 | ||
9,000 | Roche Holding AG | 3,008,699 | ||
Industrials — 2.7% | ||||
80,200 | Adecco Group AG | 2,733,604 | ||
Materials — 2.3% | ||||
55,200 | Holcim AG | 2,367,503 | ||
Total Switzerland | 13,702,215 | |||
Germany — 8.0% | ||||
Health Care — 2.6% | ||||
87,900 | Fresenius SE & Co. KGaA | 2,673,192 | ||
Industrials — 1.9% | ||||
29,100 | Brenntag SE | 1,905,416 | ||
Information Technology — 1.4% | ||||
16,100 | SAP SE | 1,467,523 | ||
Materials — 2.1% | ||||
86,400 | FUCHS PETROLUB SE | 2,118,280 | ||
Total Germany | 8,164,411 | |||
Mexico — 4.8% | ||||
Communication Services — 1.5% | ||||
650,687 | Megacable Holdings SAB de CV | 1,579,678 | ||
Consumer Staples — 3.3% | ||||
2,492,100 | Kimberly-Clark de Mexico SAB de CV - Class A | 3,383,194 | ||
Total Mexico | 4,962,872 |
Shares | Market Value | |||
Japan — 4.8% | ||||
Consumer Discretionary — 2.8% | ||||
163,800 | USS Co. Ltd. | $ 2,838,992 | ||
Industrials — 2.0% | ||||
13,300 | FANUC Corp. | 2,084,633 | ||
Total Japan | 4,923,625 | |||
United States — 3.2% | ||||
Health Care — 3.2% | ||||
37,000 | Medtronic PLC | 3,320,750 | ||
Canada — 3.1% | ||||
Materials — 3.1% | ||||
178,800 | Barrick Gold Corp. | 3,161,504 | ||
Brazil — 3.0% | ||||
Industrials — 1.7% | ||||
1,772,200 | Boa Vista Servicos SA | 1,811,667 | ||
Information Technology — 1.3% | ||||
127,800 | Pagseguro Digital Ltd. - Class A* | 1,308,672 | ||
Total Brazil | 3,120,339 | |||
Hong Kong — 3.0% | ||||
Consumer Discretionary — 3.0% | ||||
514,000 | Galaxy Entertainment Group Ltd. | 3,079,155 | ||
South Korea — 2.9% | ||||
Information Technology — 2.9% | ||||
68,000 | Samsung Electronics Co. Ltd. | 2,999,300 | ||
Greece — 2.7% | ||||
Consumer Discretionary — 2.7% | ||||
191,300 | OPAP SA | 2,751,549 | ||
India — 2.6% | ||||
Communication Services — 2.2% | ||||
855,900 | Indus Towers Ltd. | 2,275,074 | ||
Consumer Discretionary — 0.4% | ||||
1,326,194 | PC Jeweller Ltd.* | 389,015 | ||
Total India | 2,664,089 | |||
China — 2.0% | ||||
Communication Services — 2.0% | ||||
44,300 | Tencent Holdings Ltd. | 2,005,246 | ||
Norway — 1.7% | ||||
Energy — 1.7% | ||||
123,800 | TGS ASA | 1,738,165 | ||
Tanzania — 1.3% | ||||
Communication Services — 1.3% | ||||
930,000 | Helios Towers PLC* | 1,368,696 | ||
Netherlands — 1.0% | ||||
Information Technology — 1.0% | ||||
2,200 | ASML Holding NV | 1,039,364 | ||
Spain — 1.0% | ||||
Industrials — 1.0% | ||||
20,000 | Befesa SA, 144a | 974,864 | ||
Total Common Stocks | $92,165,805 |
Shares | Market Value | |||
Short-Term Investment Fund — 7.9% | ||||
8,114,973 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | $ 8,114,973 | ||
Total Investment Securities — 97.6% (Cost $105,860,648) | $100,280,778 | |||
Other Assets in Excess of Liabilities — 2.4% | 2,491,005 | |||
Net Assets — 100.0% | $102,771,783 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
Portfolio Abbreviations: |
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 June 30, 2022, these securities were valued at $4,273,362 or 4.2% 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 | $— | $16,968,629 | $— | $16,968,629 |
United Kingdom | 421,707 | 14,799,325 | — | 15,221,032 |
Switzerland | — | 13,702,215 | — | 13,702,215 |
Germany | — | 8,164,411 | — | 8,164,411 |
Mexico | 4,962,872 | — | — | 4,962,872 |
Japan | — | 4,923,625 | — | 4,923,625 |
United States | 3,320,750 | — | — | 3,320,750 |
Canada | 3,161,504 | — | — | 3,161,504 |
Brazil | 3,120,339 | — | — | 3,120,339 |
Hong Kong | — | 3,079,155 | — | 3,079,155 |
South Korea | — | 2,999,300 | — | 2,999,300 |
Greece | — | 2,751,549 | — | 2,751,549 |
India | — | 2,664,089 | — | 2,664,089 |
China | — | 2,005,246 | — | 2,005,246 |
Norway | — | 1,738,165 | — | 1,738,165 |
Tanzania | 1,368,696 | — | — | 1,368,696 |
Netherlands | — | 1,039,364 | — | 1,039,364 |
Spain | — | 974,864 | — | 974,864 |
Short-Term Investment Fund | 8,114,973 | — | — | 8,114,973 |
Total | $24,470,841 | $75,809,937 | $— | $100,280,778 |
Shares | Market Value | |||
Common Stocks — 92.6% | ||||
Canada — 15.2% | ||||
Consumer Discretionary — 3.2% | ||||
34,250 | Dollarama, Inc. | $ 1,972,195 | ||
Financials — 7.6% | ||||
21,050 | Bank of Montreal | 2,024,215 | ||
6,440 | Royal Bank of Canada | 623,587 | ||
30,700 | Toronto-Dominion Bank (The) | 2,013,197 | ||
Industrials — 2.0% | ||||
48,100 | CAE, Inc.* | 1,185,311 | ||
Real Estate — 2.4% | ||||
24,220 | Granite Real Estate Investment Trust REIT | 1,485,526 | ||
Total Canada | 9,304,031 | |||
India — 12.4% | ||||
Financials — 9.4% | ||||
54,420 | HDFC Bank Ltd. ADR | 2,990,923 | ||
153,710 | ICICI Bank Ltd. ADR | 2,726,816 | ||
Information Technology — 3.0% | ||||
21,900 | Larsen & Toubro Infotech Ltd., 144a | 1,108,068 | ||
17,730 | Tata Consultancy Services Ltd. | 736,272 | ||
Total India | 7,562,079 | |||
France — 11.5% | ||||
Industrials — 2.1% | ||||
4,230 | Teleperformance | 1,306,157 | ||
Information Technology — 9.4% | ||||
26,950 | Capgemini SE† | 4,647,801 | ||
29,050 | Worldline SA, 144a* | 1,083,547 | ||
Total France | 7,037,505 | |||
United Kingdom — 11.0% | ||||
Consumer Discretionary — 2.9% | ||||
114,675 | Entain PLC* | 1,745,086 | ||
Health Care — 7.4% | ||||
34,360 | AstraZeneca PLC | 4,532,834 | ||
Information Technology — 0.7% | ||||
34,330 | Kainos Group PLC | 463,450 | ||
Total United Kingdom | 6,741,370 | |||
United States — 6.2% | ||||
Communication Services — 3.0% | ||||
470 | Alphabet, Inc. - Class A* | 1,024,252 | ||
5,205 | Meta Platforms, Inc. - Class A* | 839,307 | ||
Financials — 1.7% | ||||
16,140 | Charles Schwab Corp. (The) | 1,019,725 | ||
Information Technology — 1.5% | ||||
3,475 | Microsoft Corp. | 892,484 | ||
Total United States | 3,775,768 | |||
Switzerland — 5.7% | ||||
Health Care — 5.7% | ||||
23,850 | Alcon, Inc. | 1,672,399 | ||
5,650 | Sonova Holding AG | 1,805,636 | ||
Total Switzerland | 3,478,035 | |||
Israel — 4.1% | ||||
Information Technology — 4.1% | ||||
12,895 | Nice Ltd. ADR* | 2,481,643 |
Shares | Market Value | |||
Singapore — 3.9% | ||||
Financials — 3.9% | ||||
110,300 | DBS Group Holdings Ltd. | $ 2,360,134 | ||
Sweden — 3.7% | ||||
Consumer Discretionary — 3.7% | ||||
24,480 | Evolution AB, 144a | 2,239,456 | ||
Taiwan — 3.3% | ||||
Information Technology — 3.3% | ||||
24,970 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 2,041,297 | ||
Germany — 3.0% | ||||
Communication Services — 1.6% | ||||
21,170 | Stroeer SE & Co. KGaA | 956,283 | ||
Information Technology — 1.4% | ||||
9,350 | SAP SE | 852,257 | ||
Total Germany | 1,808,540 | |||
Spain — 2.9% | ||||
Health Care — 2.9% | ||||
94,650 | Grifols SA | 1,794,979 | ||
South Korea — 2.7% | ||||
Communication Services — 2.7% | ||||
8,860 | NAVER Corp. | 1,652,626 | ||
Thailand — 2.5% | ||||
Consumer Staples — 2.5% | ||||
3,228,200 | Thai Beverage PCL | 1,499,741 | ||
Italy — 2.1% | ||||
Information Technology — 2.1% | ||||
154,700 | Nexi SpA, 144a* | 1,284,697 | ||
Japan — 1.6% | ||||
Communication Services — 1.6% | ||||
58,700 | Kakaku.com, Inc. | 974,952 | ||
Netherlands — 0.8% | ||||
Information Technology — 0.8% | ||||
1,004 | ASML Holding NV | 474,328 | ||
Total Common Stocks | $56,511,181 | |||
Short-Term Investment Funds — 15.1% | ||||
4,418,910 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 4,418,910 | ||
4,804,762 | Invesco Government & Agency Portfolio, Institutional Class, 1.38%∞Ω** | 4,804,762 | ||
Total Short-Term Investment Funds | $9,223,672 | |||
Total Investment Securities — 107.7% (Cost $71,822,774) | $65,734,853 | |||
Liabilities in Excess of Other Assets — (7.7)% | (4,706,722) | |||
Net Assets — 100.0% | $61,028,131 |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2022 was $4,456,197. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PCL – Public Company Limited |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2022, these securities were valued at $5,715,768 or 9.4% 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 | ||||
Canada | $9,304,031 | $— | $— | $9,304,031 |
India | 5,717,739 | 1,844,340 | — | 7,562,079 |
France | — | 7,037,505 | — | 7,037,505 |
United Kingdom | 463,450 | 6,277,920 | — | 6,741,370 |
United States | 3,775,768 | — | — | 3,775,768 |
Switzerland | — | 3,478,035 | — | 3,478,035 |
Israel | 2,481,643 | — | — | 2,481,643 |
Singapore | — | 2,360,134 | — | 2,360,134 |
Sweden | — | 2,239,456 | — | 2,239,456 |
Taiwan | 2,041,297 | — | — | 2,041,297 |
Germany | — | 1,808,540 | — | 1,808,540 |
Spain | — | 1,794,979 | — | 1,794,979 |
South Korea | — | 1,652,626 | — | 1,652,626 |
Thailand | — | 1,499,741 | — | 1,499,741 |
Italy | — | 1,284,697 | — | 1,284,697 |
Japan | — | 974,952 | — | 974,952 |
Netherlands | — | 474,328 | — | 474,328 |
Short-Term Investment Funds | 9,223,672 | — | — | 9,223,672 |
Total | $33,007,600 | $32,727,253 | $— | $65,734,853 |
Shares | Market Value | |||
Common Stocks — 95.0% | ||||
Information Technology — 28.1% | ||||
1,201,107 | Apple, Inc. | $ 164,215,349 | ||
278,071 | International Business Machines Corp. | 39,260,845 | ||
824,262 | Microsoft Corp. | 211,695,209 | ||
701,356 | Oracle Corp. | 49,003,744 | ||
302,023 | PayPal Holdings, Inc.* | 21,093,286 | ||
321,608 | salesforce, Inc.* | 53,078,184 | ||
571,750 | SS&C Technologies Holdings, Inc. | 33,201,523 | ||
315,055 | Texas Instruments, Inc. | 48,408,201 | ||
292,038 | Visa, Inc. - Class A | 57,499,362 | ||
174,337 | Workday, Inc. - Class A* | 24,333,958 | ||
701,789,661 | ||||
Health Care — 15.3% | ||||
348,761 | AmerisourceBergen Corp. | 49,342,706 | ||
526,434 | BioMarin Pharmaceutical, Inc.* | �� 43,625,586 | ||
770,169 | Bristol-Myers Squibb Co. | 59,303,013 | ||
244,688 | HCA Healthcare, Inc. | 41,122,265 | ||
517,873 | Johnson & Johnson | 91,927,636 | ||
190,852 | UnitedHealth Group, Inc. | 98,027,313 | ||
383,348,519 | ||||
Communication Services — 13.6% | ||||
64,858 | Alphabet, Inc. - Class C* | 141,873,632 | ||
1,011,459 | AT&T, Inc. | 21,200,181 | ||
1,091,924 | Comcast Corp. - Class A | 42,847,098 | ||
764,057 | Fox Corp. - Class A | 24,572,073 | ||
418,579 | Meta Platforms, Inc. - Class A* | 67,495,864 | ||
96,805 | Netflix, Inc.* | 16,928,290 | ||
220,347 | Walt Disney Co. (The)* | 20,800,757 | ||
244,689 | Warner Bros Discovery, Inc.* | 3,283,726 | ||
339,001,621 | ||||
Financials — 11.2% | ||||
1,968,763 | Bank of America Corp. | 61,287,592 | ||
390,709 | Berkshire Hathaway, Inc. - Class B* | 106,671,371 | ||
235,028 | Goldman Sachs Group, Inc. (The) | 69,808,017 | ||
32,165 | Markel Corp.* | 41,597,386 | ||
279,364,366 | ||||
Consumer Discretionary — 7.9% | ||||
209,864 | Airbnb, Inc. - Class A* | 18,694,685 | ||
192,099 | Alibaba Group Holding Ltd. (China) ADR* | 21,837,814 | ||
955,520 | Amazon.com, Inc.* | 101,485,779 | ||
280,155 | Hilton Worldwide Holdings, Inc. | 31,220,473 | ||
327,273 | Starbucks Corp. | 25,000,385 | ||
198,239,136 | ||||
Industrials — 7.8% | ||||
72,848 | Boeing Co. (The)* | 9,959,778 | ||
58,789 | Deere & Co. | 17,605,542 | ||
94,428 | FedEx Corp. | 21,407,772 |
Shares | Market Value | |||
Industrials — (Continued) | ||||
301,108 | Hubbell, Inc. | $ 53,771,867 | ||
651,093 | Raytheon Technologies Corp. | 62,576,548 | ||
820,086 | Southwest Airlines Co.* | 29,621,506 | ||
194,943,013 | ||||
Consumer Staples — 4.5% | ||||
582,968 | Monster Beverage Corp.* | 54,041,134 | ||
594,112 | Philip Morris International, Inc. | 58,662,619 | ||
112,703,753 | ||||
Energy — 3.3% | ||||
614,529 | Exxon Mobil Corp. | 52,628,264 | ||
801,837 | Schlumberger NV | 28,673,691 | ||
81,301,955 | ||||
Real Estate — 1.9% | ||||
271,521 | Jones Lang LaSalle, Inc.* | 47,478,162 | ||
Materials — 1.4% | ||||
613,323 | DuPont de Nemours, Inc. | 34,088,492 | ||
Total Common Stocks | $2,372,258,678 | |||
Short-Term Investment Fund — 5.1% | ||||
128,231,516 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 128,231,516 | ||
Total Investment Securities—100.1% (Cost $1,771,486,471) | $2,500,490,194 | |||
Liabilities in Excess of Other Assets — (0.1%) | (2,315,233) | |||
Net Assets — 100.0% | $2,498,174,961 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $2,372,258,678 | $— | $— | $2,372,258,678 |
Short-Term Investment Fund | 128,231,516 | — | — | 128,231,516 |
Total | $2,500,490,194 | $— | $— | $2,500,490,194 |
Shares | Market Value | |||
Common Stocks — 96.7% | ||||
Information Technology — 18.5% | ||||
125,712 | Apple, Inc. | $ 17,187,344 | ||
140,712 | Cisco Systems, Inc. | 5,999,960 | ||
87,078 | Fiserv, Inc.* | 7,747,330 | ||
64,587 | Texas Instruments, Inc. | 9,923,792 | ||
53,193 | Visa, Inc. - Class A | 10,473,170 | ||
51,331,596 | ||||
Financials — 18.2% | ||||
65,730 | Berkshire Hathaway, Inc. - Class B* | 17,945,604 | ||
19,870 | BlackRock, Inc. | 12,101,625 | ||
176,276 | Charles Schwab Corp. (The) | 11,137,118 | ||
81,412 | Progressive Corp. (The) | 9,465,773 | ||
50,650,120 | ||||
Consumer Discretionary — 12.3% | ||||
75,299 | CarMax, Inc.* | 6,813,053 | ||
35,848 | Home Depot, Inc. (The) | 9,832,031 | ||
30,715 | Lowe's Cos., Inc. | 5,364,989 | ||
19,112 | O'Reilly Automotive, Inc.* | 12,074,197 | ||
34,084,270 | ||||
Communication Services — 10.9% | ||||
7,272 | Alphabet, Inc. - Class C* | 15,907,136 | ||
46,664 | Meta Platforms, Inc. - Class A* | 7,524,570 | ||
135,534 | Verizon Communications, Inc. | 6,878,351 | ||
30,310,057 | ||||
Consumer Staples — 10.0% | ||||
215,538 | Altria Group, Inc. | 9,003,022 | ||
99,986 | Church & Dwight Co., Inc. | 9,264,703 | ||
83,197 | Nestle SA (Switzerland) ADR | 9,683,299 | ||
27,951,024 | ||||
Industrials — 9.3% | ||||
42,570 | FedEx Corp. | 9,651,045 | ||
42,555 | Norfolk Southern Corp. | 9,672,326 | ||
25,151 | Old Dominion Freight Line, Inc. | 6,445,698 | ||
25,769,069 | ||||
Materials — 8.4% | ||||
31,026 | Air Products & Chemicals, Inc. | 7,461,132 | ||
31,174 | Martin Marietta Materials, Inc. | 9,328,508 | ||
21,635 | NewMarket Corp. | 6,511,270 | ||
23,300,910 |
Shares | Market Value | |||
Health Care — 6.0% | ||||
49,632 | Johnson & Johnson | $ 8,810,176 | ||
152,464 | Pfizer, Inc. | 7,993,688 | ||
16,803,864 | ||||
Real Estate — 3.1% | ||||
328,648 | STORE Capital Corp. REIT | 8,571,140 | ||
Total Common Stocks | $268,772,050 | |||
Short-Term Investment Fund — 3.3% | ||||
9,286,040 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 9,286,040 | ||
Total Investment Securities—100.0% (Cost $194,904,219) | $278,058,090 | |||
Other Assets in Excess of Liabilities — 0.0% | 39,482 | |||
Net Assets — 100.0% | $278,097,572 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
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 | $268,772,050 | $— | $— | $268,772,050 |
Short-Term Investment Fund | 9,286,040 | — | — | 9,286,040 |
Total | $278,058,090 | $— | $— | $278,058,090 |
Shares | Market Value | |||
Common Stocks — 92.8% | ||||
Information Technology — 40.2% | ||||
8,100 | Accenture PLC - Class A | $ 2,248,965 | ||
12,206 | Adobe, Inc.* | 4,468,128 | ||
2,700 | ASML Holding NV (Netherlands) | 1,284,876 | ||
16,490 | Automatic Data Processing, Inc. | 3,463,560 | ||
5,475 | EPAM Systems, Inc.* | 1,613,921 | ||
41,686 | Fiserv, Inc.* | 3,708,803 | ||
24,810 | FleetCor Technologies, Inc.* | 5,212,829 | ||
33,585 | Global Payments, Inc. | 3,715,844 | ||
9,143 | Intuit, Inc. | 3,524,078 | ||
9,426 | Mastercard, Inc. - Class A | 2,973,714 | ||
76,625 | Microsoft Corp. | 19,679,599 | ||
18,108 | NVIDIA Corp. | 2,744,992 | ||
37,452 | PayPal Holdings, Inc.* | 2,615,648 | ||
41,935 | Visa, Inc. - Class A | 8,256,582 | ||
65,511,539 | ||||
Communication Services — 14.6% | ||||
7,217 | Alphabet, Inc. - Class A* | 15,727,719 | ||
49,664 | Meta Platforms, Inc. - Class A* | 8,008,320 | ||
23,736,039 | ||||
Health Care — 12.6% | ||||
63,175 | AstraZeneca PLC (United Kingdom) ADR | 4,173,972 | ||
160,681 | Boston Scientific Corp.* | 5,988,581 | ||
37,409 | Neurocrine Biosciences, Inc.* | 3,646,629 | ||
12,998 | UnitedHealth Group, Inc. | 6,676,163 | ||
20,485,345 | ||||
Financials — 8.3% | ||||
12,828 | Aon PLC - Class A | 3,459,455 | ||
159,288 | Charles Schwab Corp. (The) | 10,063,816 | ||
13,523,271 | ||||
Consumer Discretionary — 7.5% | ||||
83,495 | Amazon.com, Inc.* | 8,868,004 | ||
5,350 | O'Reilly Automotive, Inc.* | 3,379,916 | ||
12,247,920 | ||||
Consumer Staples — 5.0% | ||||
132,030 | Keurig Dr Pepper, Inc. | 4,672,542 | ||
37,860 | Monster Beverage Corp.* | 3,509,622 | ||
8,182,164 |
Shares | Market Value | |||
Materials — 3.0% | ||||
17,219 | Linde PLC (United Kingdom) | $ 4,950,979 | ||
Industrials — 1.6% | ||||
13,868 | United Parcel Service, Inc. - Class B | 2,531,465 | ||
Total Common Stocks | $151,168,722 | |||
Short-Term Investment Fund — 7.6% | ||||
12,350,433 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 12,350,433 | ||
Total Investment Securities—100.4% (Cost $127,838,041) | $163,519,155 | |||
Liabilities in Excess of Other Assets — (0.4%) | (666,251) | |||
Net Assets — 100.0% | $162,852,904 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PLC – Public Limited Company |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $151,168,722 | $— | $— | $151,168,722 |
Short-Term Investment Fund | 12,350,433 | — | — | 12,350,433 |
Total | $163,519,155 | $— | $— | $163,519,155 |
Shares | Market Value | |||
Common Stocks — 98.9% | ||||
Industrials — 19.3% | ||||
96,021 | ASGN, Inc.* | $ 8,665,895 | ||
200,726 | Clean Harbors, Inc. * | 17,597,648 | ||
196,000 | Crane Holdings Co. | 17,161,760 | ||
82,468 | Curtiss-Wright Corp. | 10,890,724 | ||
155,450 | ESCO Technologies, Inc. | 10,628,117 | ||
284,640 | Federal Signal Corp. | 10,133,184 | ||
89,772 | Forward Air Corp. | 8,255,433 | ||
725,197 | Great Lakes Dredge & Dock Corp.* | 9,507,333 | ||
156,557 | ITT, Inc. | 10,526,893 | ||
358,639 | KBR, Inc. | 17,354,541 | ||
76,726 | Quanta Services, Inc. | 9,616,837 | ||
68,108 | Regal Rexnord Corp. | 7,731,620 | ||
356,483 | Zurn Water Solutions Corp. | 9,710,597 | ||
147,780,582 | ||||
Health Care — 18.1% | ||||
660,460 | Allscripts Healthcare Solutions, Inc.* | 9,794,622 | ||
405,636 | Anika Therapeutics, Inc.* | 9,053,796 | ||
26,618 | Bio-Techne Corp. | 9,226,863 | ||
21,080 | Chemed Corp. | 9,894,740 | ||
141,571 | Encompass Health Corp. | 7,935,055 | ||
134,257 | Ensign Group, Inc. (The) | 9,863,862 | ||
181,940 | Globus Medical, Inc. - Class A* | 10,214,112 | ||
181,897 | Integra LifeSciences Holdings Corp.* | 9,827,895 | ||
339,983 | NuVasive, Inc.* | 16,713,564 | ||
86,553 | Omnicell, Inc.* | 9,845,404 | ||
431,872 | Premier, Inc. - Class A | 15,409,193 | ||
363,270 | Progyny, Inc.* | 10,552,993 | ||
405,140 | Vericel Corp.* | 10,201,425 | ||
138,533,524 | ||||
Information Technology — 17.5% | ||||
627,928 | 8x8, Inc.* | 3,233,829 | ||
146,104 | Advanced Energy Industries, Inc. | 10,662,670 | ||
711,960 | Box, Inc. - Class A* | 17,898,674 | ||
173,871 | CommVault Systems, Inc.* | 10,936,486 | ||
450,034 | Digi International, Inc.* | 10,899,824 | ||
74,371 | ExlService Holdings, Inc.* | 10,957,079 | ||
608,927 | KnowBe4, Inc. - Class A* | 9,511,440 | ||
174,780 | MAXIMUS, Inc. | 10,925,498 | ||
236,382 | Onto Innovation, Inc.* | 16,485,281 | ||
89,647 | SPS Commerce, Inc.* | 10,134,593 | ||
257,228 | Verint Systems, Inc.* | 10,893,606 | ||
147,722 | WNS Holdings Ltd. (India) ADR* | 11,025,970 | ||
133,564,950 | ||||
Consumer Discretionary — 16.1% | ||||
681,212 | American Eagle Outfitters, Inc. | 7,615,950 | ||
280,358 | Aritzia, Inc. (Canada)* | 7,590,488 | ||
103,508 | Fox Factory Holding Corp.* | 8,336,534 | ||
276,554 | Frontdoor, Inc.* | 6,659,420 | ||
102,846 | Grand Canyon Education, Inc.* | 9,687,065 | ||
529,590 | Leslie's, Inc.*† | 8,039,176 | ||
332,746 | Malibu Boats, Inc. - Class A* | 17,539,042 | ||
96,236 | Oxford Industries, Inc. | 8,539,983 | ||
206,301 | Skyline Champion Corp.* | 9,782,794 | ||
494,811 | Steven Madden Ltd. | 15,937,862 | ||
108,816 | Texas Roadhouse, Inc. | 7,965,331 | ||
43,951 | TopBuild Corp.* | 7,346,849 | ||
303,545 | Zumiez, Inc.* | 7,892,170 | ||
122,932,664 |
Shares | Market Value | |||
Financials — 10.5% | ||||
93,882 | Evercore, Inc. - Class A | $ 8,788,294 | ||
979,289 | FNB Corp. | 10,635,079 | ||
483,830 | Home BancShares, Inc. | 10,049,149 | ||
269,210 | Pacific Premier Bancorp, Inc. | 7,871,700 | ||
125,723 | Pinnacle Financial Partners, Inc. | 9,091,030 | ||
718,868 | Valley National Bancorp | 7,483,416 | ||
405,420 | Webster Financial Corp. | 17,088,453 | ||
129,020 | Western Alliance Bancorp | 9,108,812 | ||
80,115,933 | ||||
Real Estate — 6.7% | ||||
149,850 | Agree Realty Corp. REIT | 10,808,681 | ||
836,301 | Corporate Office Properties Trust REIT | 21,902,723 | ||
348,958 | Healthcare Realty Trust, Inc. REIT | 9,491,658 | ||
297,071 | STAG Industrial, Inc. REIT | 9,173,552 | ||
51,376,614 | ||||
Materials — 5.7% | ||||
102,773 | Ashland Global Holdings, Inc. | 10,590,758 | ||
396,629 | Axalta Coating Systems Ltd. * | 8,769,467 | ||
66,903 | Eagle Materials, Inc. | 7,355,316 | ||
418,112 | Silgan Holdings, Inc. | 17,288,931 | ||
44,004,472 | ||||
Communication Services — 3.7% | ||||
449,777 | Cargurus, Inc.* | 9,665,708 | ||
736,350 | QuinStreet, Inc.* | 7,407,681 | ||
154,425 | Ziff Davis, Inc.* | 11,509,295 | ||
28,582,684 | ||||
Energy — 1.3% | ||||
495,570 | ChampionX Corp. | 9,837,064 | ||
Total Common Stocks | $756,728,487 | |||
Short-Term Investment Funds — 2.2% | ||||
12,149,546 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 12,149,546 | ||
4,695,000 | Invesco Government & Agency Portfolio, Institutional Class, 1.38%∞Ω** | 4,695,000 | ||
Total Short-Term Investment Funds | $16,844,546 | |||
Total Investment Securities—101.1% (Cost $697,205,040) | $773,573,033 | |||
Liabilities in Excess of Other Assets — (1.1%) | (8,167,602) | |||
Net Assets — 100.0% | $765,405,431 |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of June 30, 2022 was $4,554,000. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
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 | $756,728,487 | $— | $— | $756,728,487 |
Short-Term Investment Funds | 16,844,546 | — | — | 16,844,546 |
Total | $773,573,033 | $— | $— | $773,573,033 |
Shares | Market Value | |||
Common Stocks — 98.0% | ||||
Health Care — 16.9% | ||||
122,557 | CVS Health Corp. | $ 11,356,132 | ||
38,132 | Elevance Health, Inc. | 18,401,741 | ||
98,643 | Medtronic PLC | 8,853,209 | ||
207,996 | Merck & Co., Inc. | 18,962,995 | ||
291,705 | Perrigo Co. PLC | 11,834,472 | ||
29,908 | UnitedHealth Group, Inc. | 15,361,646 | ||
84,770,195 | ||||
Financials — 16.1% | ||||
51,167 | American Express Co. | 7,092,769 | ||
194,478 | American International Group, Inc. | 9,943,660 | ||
85,976 | M&T Bank Corp. | 13,703,715 | ||
101,501 | Northern Trust Corp. | 9,792,816 | ||
80,697 | The Allstate Corp. | 10,226,731 | ||
153,138 | US Bancorp | 7,047,411 | ||
349,222 | Wells Fargo & Co. | 13,679,026 | ||
46,803 | Willis Towers Watson PLC | 9,238,444 | ||
80,724,572 | ||||
Consumer Discretionary — 11.5% | ||||
72,223 | Advance Auto Parts, Inc. | 12,501,079 | ||
317,765 | Aramark | 9,733,142 | ||
72,185 | Dollar General Corp. | 17,717,086 | ||
260,505 | Las Vegas Sands Corp.* | 8,750,363 | ||
17,660 | Lithia Motors, Inc. | 4,853,145 | ||
24,178 | Lowe's Cos., Inc. | 4,223,171 | ||
57,777,986 | ||||
Energy — 11.5% | ||||
160,572 | Halliburton Co. | 5,035,538 | ||
176,093 | Hess Corp. | 18,655,292 | ||
203,295 | Phillips 66 | 16,668,157 | ||
55,146 | Pioneer Natural Resources | 12,301,970 | ||
47,537 | Valero Energy Corp. | 5,052,232 | ||
57,713,189 | ||||
Materials — 9.8% | ||||
65,471 | Air Products & Chemicals, Inc. | 15,744,466 | ||
327,211 | Axalta Coating Systems Ltd. * | 7,234,635 | ||
121,567 | Corteva, Inc. | 6,581,637 | ||
118,511 | DuPont de Nemours, Inc. | 6,586,842 | ||
109,376 | International Flavors & Fragrances, Inc. | 13,028,869 | ||
49,176,449 | ||||
Industrials — 9.6% | ||||
127,181 | AECOM | 8,294,745 | ||
38,021 | Deere & Co. | 11,386,149 | ||
88,746 | JB Hunt Transport Services, Inc. | 13,974,832 | ||
80,667 | Stanley Black & Decker, Inc. | 8,458,742 | ||
744,939 | Vertiv Holdings Co. | 6,123,398 | ||
48,237,866 | ||||
Information Technology — 8.6% | ||||
25,248 | Broadcom, Inc. | 12,265,731 | ||
124,430 | Cognizant Technology Solutions Corp. - Class A | 8,397,781 |
Shares | Market Value | |||
Information Technology — (Continued) | ||||
127,607 | Fidelity National Information Services, Inc. | $ 11,697,733 | ||
72,798 | Oracle Corp. | 5,086,396 | ||
45,075 | QUALCOMM, Inc. | 5,757,881 | ||
43,205,522 | ||||
Communication Services — 6.2% | ||||
347,784 | Altice USA, Inc. - Class A* | 3,217,002 | ||
267,153 | Comcast Corp. - Class A | 10,483,084 | ||
64,148 | Electronic Arts, Inc. | 7,803,604 | ||
70,092 | T-Mobile US, Inc.* | 9,430,178 | ||
30,933,868 | ||||
Consumer Staples — 3.2% | ||||
186,556 | Coca-Cola Europacific Partners PLC (United Kingdom) | 9,628,155 | ||
67,237 | Philip Morris International, Inc. | 6,638,981 | ||
16,267,136 | ||||
Real Estate — 2.7% | ||||
454,897 | VICI Properties, Inc. REIT | 13,551,382 | ||
Utilities — 1.9% | ||||
130,123 | Pinnacle West Capital Corp. | 9,514,594 | ||
Total Common Stocks | $491,872,759 | |||
Short-Term Investment Fund — 1.2% | ||||
5,896,150 | Dreyfus Government Cash Management, Institutional Shares, 1.35%∞Ω | 5,896,150 | ||
Total Investment Securities—99.2% (Cost $448,195,795) | $497,768,909 | |||
Other Assets in Excess of Liabilities — 0.8% | 4,190,928 | |||
Net Assets — 100.0% | $501,959,837 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of June 30, 2022. |
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 | $491,872,759 | $— | $— | $491,872,759 |
Short-Term Investment Fund | 5,896,150 | — | — | 5,896,150 |
Total | $497,768,909 | $— | $— | $497,768,909 |
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 | $694,430,587 | $63,345,880 | $105,860,648 | $71,822,774 | $1,771,486,471 | $194,904,219 |
Investments, at market value * | $754,105,772 | $60,662,099 | $100,280,778 | $65,734,853 | $2,500,490,194 | $278,058,090 |
Cash | 12 | — | — | — | — | — |
Cash deposits held at prime broker (A) | 90,400 | — | — | — | — | — |
Foreign currency † | 1,030 | — | 20,095 | 19,095 | — | — |
Dividends and interest receivable | 2,015,934 | 499,650 | 178,660 | 47,309 | 1,473,877 | 465,247 |
Receivable for capital shares sold | 1,168,946 | 783 | 3,723 | 1,521 | 910,302 | 71,898 |
Receivable for investments sold | 435,113 | 477,624 | 3,635,394 | — | 2,509,810 | — |
Receivable for variation margin on futures contracts | 23,806 | — | — | — | — | — |
Receivable for securities lending income | 301 | — | 611 | 3,236 | — | — |
Tax reclaim receivable | 4,063 | — | 481,679 | 151,998 | 360,768 | — |
Other assets | 2,468 | 205 | 568 | 2,681 | 10,484 | 1,236 |
Total Assets | 757,847,845 | 61,640,361 | 104,601,508 | 65,960,693 | 2,505,755,435 | 278,596,471 |
Liabilities | ||||||
Dividends payable | — | 8,041 | — | — | — | — |
Payable for return of collateral for securities on loan | 1,732,824 | — | — | 4,804,762 | — | — |
Payable for capital shares redeemed | 722,820 | 58,473 | 152,247 | 10,035 | 3,875,282 | 245,515 |
Payable for investments purchased | 3,327,132 | 3,039,993 | 1,468,406 | — | 1,255,417 | — |
Payable to Investment Advisor | 392,627 | — | 58,091 | 860 | 1,095,633 | 96,562 |
Payable to other affiliates | 259,873 | 1,090 | 20,680 | 7,494 | 703,865 | 32,957 |
Payable to Trustees | 14,298 | 14,298 | 14,298 | 14,298 | 14,298 | 14,298 |
Payable for professional services | 39,846 | 26,426 | 40,339 | 39,403 | 61,302 | 26,292 |
Payable for reports to shareholders | 15,418 | 2,650 | 6,290 | 11,230 | 28,556 | 6,233 |
Payable for transfer agent services | 201,184 | 4,604 | 55,480 | 36,494 | 485,305 | 57,864 |
Other accrued expenses and liabilities | 32,729 | 7,009 | 13,894 | 7,986 | 60,816 | 19,178 |
Total Liabilities | 6,738,751 | 3,162,584 | 1,829,725 | 4,932,562 | 7,580,474 | 498,899 |
Net Assets | $751,109,094 | $58,477,777 | $102,771,783 | $61,028,131 | $2,498,174,961 | $278,097,572 |
Net assets consist of: | ||||||
Paid-in capital | 693,495,358 | 61,197,708 | 176,225,930 | 73,711,367 | 1,730,792,744 | 184,392,495 |
Distributable earnings (deficit) | 57,613,736 | (2,719,931) | (73,454,147) | (12,683,236) | 767,382,217 | 93,705,077 |
Net Assets | $751,109,094 | $58,477,777 | $102,771,783 | $61,028,131 | $2,498,174,961 | $278,097,572 |
*Includes market value of securities on loan of: | $1,695,572 | $— | $— | $4,456,197 | $— | $— |
†Cost of foreign currency: | $1,018 | $— | $19,961 | $18,820 | $— | $— |
(A) | Represents segregated cash for futures contracts. |
Touchstone Large Company Growth Fund | Touchstone Small Company Fund | Touchstone Value Fund |
$127,838,041 | $697,205,040 | $448,195,795 |
$163,519,155 | $773,573,033 | $497,768,909 |
— | — | 8,968 |
— | — | — |
— | — | — |
42,630 | 568,656 | 1,093,562 |
190 | 212,642 | 165,566 |
— | — | 6,408,244 |
— | — | — |
— | 2,105 | — |
— | — | — |
927 | 3,062 | 1,934 |
163,562,902 | 774,359,498 | 505,447,183 |
— | — | — |
— | 4,695,000 | — |
552,378 | 3,354,933 | 929,767 |
— | — | 2,101,418 |
65,877 | 423,921 | 199,647 |
19,672 | 208,113 | 72,574 |
14,298 | 14,298 | 14,298 |
24,661 | 34,345 | 30,460 |
3,260 | 20,441 | 12,817 |
15,195 | 179,830 | 94,249 |
14,657 | 23,186 | 32,116 |
709,998 | 8,954,067 | 3,487,346 |
$162,852,904 | $765,405,431 | $501,959,837 |
122,453,792 | 684,323,113 | 429,027,588 |
40,399,112 | 81,082,318 | 72,932,249 |
$162,852,904 | $765,405,431 | $501,959,837 |
$— | $4,554,000 | $— |
$— | $— | $— |
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 | $521,933,028 | $25,101,075 | $76,670,565 | $1,172,380 | $1,736,899,862 | $4,510,218 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 24,301,776 | 2,340,518 | 5,766,066 | 111,639 | 36,800,973 | 293,082 |
Net asset value price per share* | $21.48 | $10.72 | $13.30 | $10.50 | $47.20 | $15.39 |
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 | $22.61 | $11.08 | $14.00 | $11.05 | $49.68 | $16.20 |
Pricing of Class C Shares | ||||||
Net assets applicable to Class C shares | $73,905,847 | $942,853 | $2,398,603 | $786,606 | $49,114,840 | $2,995,388 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 3,436,170 | 87,878 | 196,879 | 78,215 | 1,152,330 | 198,734 |
Net asset value and offering price per share** | $21.51 | $10.73 | $12.18 | $10.06 | $42.62 | $15.07 |
Pricing of Class Y Shares | ||||||
Net assets applicable to Class Y shares | $155,158,616 | $2,739,711 | $20,429,580 | $47,844,685 | $493,825,299 | $202,912,756 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 7,292,176 | 255,118 | 1,557,833 | 4,423,784 | 10,474,833 | 13,162,906 |
Net asset value, offering price and redemption price per share | $21.28 | $10.74 | $13.11 | $10.82 | $47.14 | $15.42 |
Pricing of Institutional Class Shares | ||||||
Net assets applicable to Institutional Class shares | $— | $29,694,138 | $3,273,035 | $11,224,460 | $217,531,313 | $67,679,210 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | — | 2,765,942 | 250,107 | 1,029,051 | 4,605,774 | 4,383,744 |
Net asset value, offering price and redemption price per share | $— | $10.74 | $13.09 | $10.91 | $47.23 | $15.44 |
Pricing of Class R6 Shares | ||||||
Net assets applicable to Class R6 shares | $111,603 | $— | $— | $— | $803,647 | $— |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 5,248 | — | — | — | 17,008 | — |
Net asset value, offering price and redemption price per share | $21.27 | $— | $— | $— | $47.25 | $— |
* | 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 |
$3,289,756 | $451,080,564 | $156,947,118 |
90,978 | 99,009,476 | 15,826,900 |
$36.16 | $4.56 | $9.92 |
5.00% | 5.00% | 5.00% |
$38.06 | $4.80 | $10.44 |
$205,986 | $17,385,224 | $5,721,844 |
6,072 | 10,091,412 | 578,990 |
$33.92 | $1.72 | $9.88 |
$13,916,535 | $222,140,874 | $86,614,576 |
377,043 | 42,613,241 | 8,690,225 |
$36.91 | $5.21 | $9.97 |
$145,440,627 | $21,298,787 | $252,280,872 |
3,907,081 | 4,086,128 | 25,399,494 |
$37.22 | $5.21 | $9.93 |
$— | $53,499,982 | $395,427 |
— | 11,219,188 | 39,804 |
$— | $4.77 | $9.93 |
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 | |
Investment Income | ||||||
Dividends* | $7,435,212 | $— | $3,071,702 | $797,618 | $33,929,885 | $5,498,874 |
Interest | 6,472,943 | 1,435,938 | — | — | — | — |
Income from securities loaned | 4,171 | — | 13,047 | 6,860 | 436 | — |
Total Investment Income | 13,912,326 | 1,435,938 | 3,084,749 | 804,478 | 33,930,321 | 5,498,874 |
Expenses | ||||||
Investment advisory fees | 4,379,676 | 280,517 | 884,634 | 663,906 | 15,751,675 | 2,118,536 |
Administration fees | 1,176,158 | 83,978 | 163,913 | 107,484 | 3,925,334 | 458,025 |
Compliance fees and expenses | 3,200 | 3,201 | 3,200 | 3,200 | 3,200 | 3,200 |
Custody fees | 59,927 | 6,838 | 31,190 | 19,046 | 39,808 | 17,433 |
Professional fees | 59,651 | 47,725 | 44,619 | 36,309 | 125,137 | 33,255 |
Transfer Agent fees, Class A | 459,340 | 13,702 | 124,285 | 4,022 | 1,149,260 | 4,085 |
Transfer Agent fees, Class C | 58,473 | 506 | 5,657 | 1,847 | 51,676 | 1,282 |
Transfer Agent fees, Class Y | 187,103 | 3,167 | 28,188 | 93,368 | 590,238 | 182,703 |
Transfer Agent fees, Institutional Class | — | 660 | 167 | 13,992 | 96,813 | 6,426 |
Transfer Agent fees, Class R6 | 15 | — | — | — | 26 | — |
Registration Fees, Class A | 25,498 | 9,595 | 21,349 | 11,689 | 36,703 | 13,627 |
Registration Fees, Class C | 17,058 | 4,645 | 11,190 | 8,685 | 16,193 | 7,936 |
Registration Fees, Class Y | 24,477 | 6,240 | 15,498 | 15,840 | 47,519 | 34,123 |
Registration Fees, Institutional Class | — | 4,127 | 10,708 | 15,761 | 16,171 | 14,794 |
Registration Fees, Class R6 | 3,371 | — | — | — | 3,625 | — |
Reports to Shareholders, Class A | 56,372 | 3,716 | 11,583 | 5,658 | 71,764 | 3,159 |
Reports to Shareholders, Class C | 7,701 | 3,339 | 5,842 | 5,308 | 6,994 | 3,398 |
Reports to Shareholders, Class Y | 15,477 | 3,010 | 4,258 | 12,889 | 27,089 | 18,044 |
Reports to Shareholders, Institutional Class | — | 2,913 | 2,926 | 5,850 | 8,337 | 3,078 |
Reports to Shareholders, Class R6 | 1,041 | — | — | — | 1,096 | — |
Distribution expenses, Class A | 1,518,530 | 72,232 | 238,930 | 4,267 | 5,262,773 | 11,916 |
Distribution and shareholder servicing expenses, Class C | 837,364 | 11,516 | 31,408 | 10,525 | 609,096 | 37,723 |
Trustee fees | 28,238 | 28,238 | 28,238 | 28,238 | 28,238 | 28,238 |
Other expenses | 220,667 | 23,753 | 90,075 | 68,168 | 669,169 | 117,424 |
Total Expenses | 9,139,337 | 613,618 | 1,757,858 | 1,136,052 | 28,537,934 | 3,118,405 |
Fees waived and/or reimbursed by the Advisor and/or Affiliates(A) | (4,428) | (182,428) | (125,153) | (316,924) | (413,437) | (345,465) |
Fees recouped by the Advisor(A) | 81,985 | — | — | — | — | — |
Net Expenses | 9,216,894 | 431,190 | 1,632,705 | 819,128 | 28,124,497 | 2,772,940 |
Net Investment Income (Loss) | 4,695,432 | 1,004,748 | 1,452,044 | (14,650) | 5,805,824 | 2,725,934 |
Realized and Unrealized Gains (Losses) on Investments | ||||||
Net realized gains (losses) on investments(B)(C) | 33,471,525 | (24,917) | 7,954,770 | (2,615,573) | 254,979,759 | 22,912,067 |
Net realized gains on futures contracts | 823,799 | — | — | — | — | — |
Net realized losses on foreign currency transactions | — | — | (149,770) | (31,372) | — | — |
Net change in unrealized appreciation (depreciation) on investments(D) | (163,247,426) | (6,539,645) | (34,295,050) | (26,798,310) | (674,276,909) | (58,860,797) |
Net change in unrealized appreciation (depreciation) on futures contracts | 313 | — | — | — | — | — |
Net change in unrealized appreciation (depreciation) on foreign currency transactions | (37) | — | (20,263) | (16,885) | — | — |
Net Realized and Unrealized Gains (Losses) on Investments | (128,951,826) | (6,564,562) | (26,510,313) | (29,462,140) | (419,297,150) | (35,948,730) |
Change in Net Assets Resulting from Operations | $(124,256,394) | $(5,559,814) | $(25,058,269) | $(29,476,790) | $(413,491,326) | $(33,222,796) |
*Net of foreign tax withholding of: | $177 | $— | $346,574 | $95,881 | $— | $39,999 |
(A) | See Note 4 in Notes to Financial Statements. |
(B) | Includes foreign capital gains taxes paid of $155,752 and $65,228 for the International Equity Fund and the International Growth Fund, respectively. |
(C) | For the year ended June 30, 2022, the Balanced Fund, the Large Cap Focused Fund, the Large Cap Fund, the Large Company Growth Fund and the Small Company Fund had a redemption-in-kind of securities in the amount of $20,471,881, $133,840,394, $21,000,498, $25,368,539 and $56,618,499, respectively. Net realized gains (losses) on investments includes the realized gain on the transactions of $14,901,474, $68,381,811, $9,406,419, $13,920,625 and $21,352,219, respectively, which will not be recognized by the Fund for tax purposes. |
(D) | 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, the Touchstone International Equity Fund, the Touchstone Large Cap Focused Fund and the Touchstone Value Fund, respectively, in connection with the Funds' reorganization. See Note 9 in the Notes to Financial Statements. |
Touchstone Large Company Growth Fund | Touchstone Small Company Fund | Touchstone Value Fund |
$1,071,998 | $8,068,446 | $11,992,633 |
— | — | — |
1,876 | 8,229 | — |
1,073,874 | 8,076,675 | 11,992,633 |
1,420,452 | 6,300,401 | 3,391,345 |
306,409 | 1,223,024 | 739,648 |
3,201 | 3,200 | 3,200 |
12,400 | 34,134 | 20,496 |
30,032 | 51,979 | 65,268 |
3,308 | 405,498 | 159,033 |
332 | 23,453 | 4,969 |
23,977 | 295,683 | 98,584 |
69,016 | 10,351 | 118,027 |
— | 205 | 10 |
12,453 | 25,829 | 18,076 |
6,275 | 13,258 | 9,585 |
12,647 | 22,210 | 16,089 |
21,770 | 10,466 | 72,532 |
— | 12,423 | 3,348 |
3,566 | 25,870 | 19,556 |
2,889 | 4,478 | 3,374 |
3,146 | 22,867 | 7,914 |
4,008 | 4,302 | 16,643 |
— | 3,623 | 1,040 |
9,023 | 1,419,419 | 424,856 |
3,897 | 228,140 | 56,870 |
28,238 | 28,238 | 28,238 |
80,439 | 252,629 | 82,046 |
2,057,478 | 10,421,680 | 5,360,747 |
(321,996) | (241,834) | (591,195) |
— | — | — |
1,735,482 | 10,179,846 | 4,769,552 |
(661,608) | (2,103,171) | 7,223,081 |
52,866,635 | 72,654,827 | 53,432,153 |
— | — | — |
— | (2,521) | — |
(106,678,470) | (239,902,157) | (84,024,306) |
— | — | — |
— | — | — |
(53,811,835) | (167,249,851) | (30,592,153) |
$(54,473,443) | $(169,353,022) | $(23,369,072) |
$— | $— | $— |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | Touchstone International Equity Fund | ||||
For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | |
From Operations | ||||||
Net investment income (loss) | $4,695,432 | $3,124,533 | $1,004,748 | $1,211,675 | $1,452,044 | $811,340 |
Net realized gains (losses) on investments, futures contracts and foreign currency transactions | 34,295,324 | 32,138,897 | (24,917) | 61,169 | 7,805,000 | 13,205,169 |
Net change in unrealized appreciation (depreciation) on investments, futures contracts and foreign currency transactions | (163,247,150) | 78,354,237 | (6,539,645) | 179,252 | (34,315,313) | 23,636,169 |
Change in Net Assets from Operations | (124,256,394) | 113,617,667 | (5,559,814) | 1,452,096 | (25,058,269) | 37,652,678 |
Distributions to Shareholders: | ||||||
Distributed earnings, Class A | (18,683,622) | (20,171,816) | (422,124) | (759,648) | (12,810,410) | (394,252) |
Distributed earnings, Class C | (2,017,932) | (3,376,561) | (8,006) | (20,387) | (443,920) | (503) |
Distributed earnings, Class Y | (7,153,486) | (10,441,301) | (56,450) | (72,530) | (3,217,018) | (151,009) |
Distributed earnings, Institutional Class | — | — | (551,274) | (359,126) | (555,566) | (102,145) |
Distributed earnings, Class R6 | (430) | — | — | — | — | — |
Total Distributions | (27,855,470) | (33,989,678) | (1,037,854) | (1,211,691) | (17,026,914) | (647,909) |
Change in Net Assets from Share Transactions(A) | 317,880,186 | 116,319,904 | 15,095,708 | 229,658 | 22,502,489 | (32,507,841) |
Total Increase (Decrease) in Net Assets | 165,768,322 | 195,947,893 | 8,498,040 | 470,063 | (19,582,694) | 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 | $751,109,094 | $585,340,772 | $58,477,777 | $49,979,737 | $102,771,783 | $122,354,477 |
(A) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity on pages 66 to 69. |
Touchstone International Growth Fund | Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | Touchstone Large Company Growth Fund | ||||
For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 |
$(14,650) | $(324,122) | $5,805,824 | $4,381,657 | $2,725,934 | $3,265,990 | $(661,608) | $(955,947) |
(2,646,945) | 21,844,022 | 254,979,759 | 223,307,044 | 22,912,067 | 14,682,457 | 52,866,635 | 46,369,147 |
(26,815,195) | (2,303,009) | (674,276,909) | 516,360,601 | (58,860,797) | 85,403,699 | (106,678,470) | 34,594,589 |
(29,476,790) | 19,216,891 | (413,491,326) | 744,049,302 | (33,222,796) | 103,352,146 | (54,473,443) | 80,007,789 |
— | — | (144,110,933) | (72,232,394) | (138,543) | (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) | (10,963,376) | (3,689,511) | (47,892,029) | (30,158,184) |
(10,868,501) | 50,853,513 | 756,668,107 | 89,413,334 | (46,985,624) | (5,958,798) | 2,486,868 | (13,485,397) |
(40,345,653) | 70,041,403 | 133,075,167 | 727,278,097 | (91,171,796) | 93,703,837 | (99,878,604) | 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 |
$61,028,131 | $101,373,784 | $2,498,174,961 | $2,365,099,794 | $278,097,572 | $369,269,368 | $162,852,904 | $262,731,508 |
Touchstone Small Company Fund | Touchstone Value Fund | |||
For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | |
From Operations | ||||
Net investment income (loss) | $(2,103,171) | $(3,042,778) | $7,223,081 | $4,453,429 |
Net realized gains (losses) on investments and foreign currency transactions | 72,652,306 | 201,596,566 | 53,432,153 | 21,403,643 |
Net change in unrealized appreciation (depreciation) on investments | (239,902,157) | 208,112,135 | (84,024,306) | 95,152,352 |
Change in Net Assets from Operations | (169,353,022) | 406,665,923 | (23,369,072) | 121,009,424 |
Distributions to Shareholders: | ||||
Distributed earnings, Class A | (100,933,144) | (526,115) | (14,640,827) | (776,520) |
Distributed earnings, Class C | (8,485,889) | (48,748) | (442,410) | (34,628) |
Distributed earnings, Class Y | (42,208,035) | (196,776) | (8,719,641) | (2,368,580) |
Distributed earnings, Institutional Class | (2,833,076) | (13,108) | (25,683,573) | (6,305,785) |
Distributed earnings, Class R6 | (10,437,867) | (57,850) | (1,961) | — |
Total Distributions | (164,898,011) | (842,597) | (49,488,412) | (9,485,513) |
Change in Net Assets from Share Transactions(A) | 100,055,548 | (113,421,577) | 150,160,610 | 57,417,338 |
Total Increase (Decrease) in Net Assets | (234,195,485) | 292,401,749 | 77,303,126 | 168,941,249 |
Net Assets | ||||
Beginning of period | 999,600,916 | 707,199,167 | 424,656,711 | 255,715,462 |
End of period | $765,405,431 | $999,600,916 | $501,959,837 | $424,656,711 |
(A) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity on pages 69 to 70. |
Touchstone Balanced Fund | Touchstone Core Municipal Bond Fund | |||||||
For the Year Ended June 30, 2022(A) | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A(B) | ||||||||
Proceeds from Shares issued | 2,071,514 | $51,804,611 | 1,466,609 | $34,722,660 | 82,130 | $942,504 | 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 | 695,294 | 17,702,007 | 833,000 | 19,264,341 | 29,811 | 342,750 | 50,202 | 596,606 |
Cost of Shares redeemed | (3,788,521) | (94,469,765) | (1,260,991) | (30,118,012) | (367,762) | (4,187,142) | (281,021) | (3,336,930) |
Change from Class A Share Transactions | 11,681,522 | 301,290,044 | 1,038,618 | 23,868,989 | (255,821) | (2,901,888) | (113,001) | (1,339,531) |
Class C | ||||||||
Proceeds from Shares issued | 894,829 | 22,824,368 | 1,079,296 | 25,816,477 | 33,277 | 366,528 | 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 | 689 | 7,946 | 1,669 | 19,873 |
Cost of Shares redeemed | (816,261) | (20,385,578) | (696,913) | (16,339,915) | (45,123) | (494,884) | (82,503) | (982,412) |
Change from Class C Share Transactions | 878,128 | 23,029,342 | 524,331 | 12,765,947 | (11,157) | (120,410) | (73,887) | (879,637) |
Class Y(D) | ||||||||
Proceeds from Shares issued | 4,190,499 | 102,045,837 | 4,074,596 | 95,993,587 | 79,167 | 908,797 | 134,759 | 1,602,926 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | 283,307 | 7,147,940 | 454,002 | 10,425,611 | 3,831 | 44,150 | 4,722 | 56,160 |
Cost of Shares redeemed | (5,008,449) | (115,748,212) | (1,131,521) | (26,734,230) | (117,610) | (1,328,373) | (70,525) | (839,958) |
Change from Class Y Share Transactions | (534,643) | (6,554,435) | 3,397,077 | 79,684,968 | (34,612) | (375,426) | 68,956 | 819,128 |
Institutional Class | ||||||||
Proceeds from Shares issued | — | — | — | — | 1,731,152 | 20,620,289 | 146,972 | 1,743,284 |
Proceeds from Shares issued in connection with reorganization(C) | — | — | — | — | — | — | — | — |
Net shares increase due to stock split | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | — | — | 47,679 | 547,245 | 29,346 | 349,022 |
Cost of Shares redeemed | — | — | — | — | (229,859) | (2,674,102) | (38,939) | (462,608) |
Change from Institutional Class Share Transactions | — | — | — | — | 1,548,972 | 18,493,432 | 137,379 | 1,629,698 |
Class R6 | ||||||||
Proceeds from Shares issued | 5,228 | 114,805 | — | — | — | — | — | — |
Reinvestment of distributions | 20 | 430 | — | — | — | — | — | — |
Change from Class R6 Share Transactions | 5,248 | 115,235 | — | — | — | — | — | — |
Change from Share Transactions | 12,030,255 | $317,880,186 | 4,960,026 | $116,319,904 | 1,247,382 | $15,095,708 | 19,447 | $229,658 |
(A) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 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 Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
469,378 | $8,288,140 | 207,265 | $3,466,458 | 25,427 | $341,175 | 17,989 | $289,648 |
2,291,115 | 43,002,245 | — | — | — | — | 97,100 | 1,290,678 |
— | — | — | — | — | — | 32,844 | — |
811,352 | 12,465,621 | 21,556 | 369,692 | — | — | — | — |
(2,467,086) | (43,314,837) | (1,149,415) | (18,959,641) | (58,165) | (773,559) | (38,276) | (564,950) |
1,104,759 | 20,441,169 | (920,594) | (15,123,491) | (32,738) | (432,384) | 109,657 | 1,015,376 |
29,057 | 424,401 | 11,590 | 194,768 | 9,141 | 112,674 | 29,320 | 430,015 |
122,778 | 2,140,804 | — | — | — | — | 48,931 | 631,074 |
— | — | — | — | — | — | 16,544 | — |
30,546 | 429,513 | 30 | 491 | — | — | — | — |
(106,024) | (1,641,566) | (50,705) | (745,214) | (19,774) | (254,521) | (24,564) | (372,108) |
76,357 | 1,353,152 | (39,085) | (549,955) | (10,633) | (141,847) | 70,231 | 688,981 |
348,174 | 5,357,930 | 349,073 | 6,178,013 | 117,736 | 1,738,578 | 77,402 | 1,153,585 |
53,869 | 998,993 | — | — | — | — | 5,338,452 | 72,719,437 |
— | — | — | — | — | — | 33,230 | — |
209,605 | 3,180,484 | 8,826 | 149,244 | — | — | — | — |
(549,548) | (9,100,100) | (597,691) | (9,525,838) | (418,756) | (5,776,915) | (762,790) | (11,389,617) |
62,100 | 437,307 | (239,792) | (3,198,581) | (301,020) | (4,038,337) | 4,686,294 | 62,483,405 |
716 | 12,694 | 326,028 | 5,389,374 | 89,919 | 1,315,535 | 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 |
(18,960) | (297,399) | (1,136,788) | (19,127,333) | (529,482) | (7,571,828) | (1,338,444) | (19,263,078) |
18,420 | 270,861 | (804,705) | (13,635,814) | (439,538) | (6,255,933) | 174,558 | (13,334,249) |
— | — | — | — | — | — | — | — |
— | — | — | — | — | — | — | — |
— | — | — | — | — | — | — | — |
1,261,636 | $22,502,489 | (2,004,176) | $(32,507,841) | (783,929) | $(10,868,501) | 5,040,740 | $50,853,513 |
Touchstone Large Cap Focused Fund | Touchstone Large Cap Fund | |||||||
For the Year Ended June 30, 2022(A) | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A | ||||||||
Proceeds from Shares issued | 1,340,013 | $77,295,565 | 1,524,656 | $76,745,640 | 78,046 | $1,363,874 | 104,007 | $1,512,734 |
Proceeds from Shares issued in connection with reorganization(B) | 11,569,461 | 681,748,263 | — | — | — | — | — | — |
Reinvestment of distributions | 2,295,540 | 133,285,514 | 1,343,599 | 65,769,214 | 6,281 | 118,085 | 1,558 | 24,185 |
Cost of Shares redeemed | (4,668,669) | (265,221,706) | (3,086,035) | (155,866,155) | (30,720) | (525,957) | (95,257) | (1,367,690) |
Change from Class A Share Transactions | 10,536,345 | 627,107,636 | (217,780) | (13,351,301) | 53,607 | 956,002 | 10,308 | 169,229 |
Class C | ||||||||
Proceeds from Shares issued | 224,240 | 11,852,311 | 166,455 | 8,057,729 | 10,943 | 175,780 | 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 | 84,323 | — | — |
Cost of Shares redeemed | (379,100) | (19,674,805) | (391,914) | (17,295,180) | (63,742) | (1,113,651) | (174,814) | (2,535,160) |
Change from Class C Share Transactions | 377,297 | 20,770,249 | (181,346) | (7,256,332) | (48,186) | (853,548) | (173,398) | (2,515,128) |
Class Y(C) | ||||||||
Proceeds from Shares issued | 4,114,587 | 236,829,946 | 3,821,151 | 200,689,582 | 1,150,810 | 20,630,434 | 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 | 406,710 | 7,668,528 | 173,509 | 2,691,115 |
Cost of Shares redeemed | (4,885,257) | (274,179,208) | (2,789,494) | (139,140,516) | (3,509,211) | (63,649,856) | (2,051,020) | (32,393,077) |
Change from Class Y Share Transactions | 657,603 | 46,095,720 | 1,469,146 | 82,933,673 | (1,951,691) | (35,350,894) | (707,886) | (11,071,385) |
Institutional Class | ||||||||
Proceeds from Shares issued | 4,978,600 | 278,659,299 | 3,340,243 | 166,343,316 | 2,165,174 | 39,064,241 | 2,119,773 | 34,538,882 |
Reinvestment of distributions | 258,156 | 15,015,301 | 173,680 | 8,505,633 | 134,812 | 2,547,446 | 56,203 | 872,839 |
Cost of Shares redeemed | (4,162,961) | (231,872,423) | (3,011,062) | (147,761,655) | (2,961,832) | (53,348,871) | (1,743,984) | (27,953,235) |
Change from Institutional Class Share Transactions | 1,073,795 | 61,802,177 | 502,861 | 27,087,294 | (661,846) | (11,737,184) | 431,992 | 7,458,486 |
Class R6 | ||||||||
Proceeds from Shares issued | 18,091 | 948,609 | — | — | — | — | — | — |
Reinvestment of distributions | 3 | 165 | — | — | — | — | — | — |
Cost of Shares redeemed | (1,086) | (56,449) | — | — | — | — | — | — |
Change from Class R6 Share Transactions | 17,008 | 892,325 | — | — | — | — | — | — |
Change from Share Transactions | 12,662,048 | $756,668,107 | 1,572,881 | $89,413,334 | (2,608,116) | $(46,985,624) | (438,984) | $(5,958,798) |
(A) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 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 Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | For the Year Ended June 30, 2022 | For the Year Ended June 30, 2021 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
23,624 | $1,073,254 | 30,562 | $1,579,939 | 3,089,369 | $18,264,217 | 3,075,590 | $17,218,868 |
— | — | — | — | — | — | — | — |
14,010 | 686,500 | 6,746 | 322,644 | 16,920,322 | 96,615,036 | 93,455 | 505,592 |
(9,825) | (486,656) | (18,633) | (968,868) | (12,245,547) | (70,525,090) | (15,524,699) | (80,974,108) |
27,809 | 1,273,098 | 18,675 | 933,715 | 7,764,144 | 44,354,163 | (12,355,654) | (63,249,648) |
1,391 | 59,787 | 1,658 | 82,710 | 807,350 | 1,898,466 | 628,972 | 1,798,689 |
— | — | — | — | — | — | — | — |
1,916 | 88,481 | 1,612 | 73,982 | 3,878,624 | 8,416,613 | 18,373 | 48,323 |
(5,874) | (246,977) | (7,524) | (386,344) | (2,673,571) | (6,546,227) | (3,241,901) | (8,058,123) |
(2,567) | (98,709) | (4,254) | (229,652) | 2,012,403 | 3,768,852 | (2,594,556) | (6,211,111) |
27,974 | 1,444,993 | 150,337 | 7,767,761 | 9,325,160 | 60,109,420 | 8,997,577 | 57,602,814 |
— | — | — | — | — | — | — | — |
96,442 | 4,817,277 | 72,037 | 3,491,645 | 6,441,959 | 42,001,576 | 32,470 | 195,796 |
(245,654) | (11,562,989) | (225,751) | (11,468,545) | (11,049,942) | (71,888,664) | (12,972,512) | (71,392,653) |
(121,238) | (5,300,719) | (3,377) | (209,139) | 4,717,177 | 30,222,332 | (3,942,465) | (13,594,043) |
1,440,464 | 70,878,080 | 998,459 | 53,254,493 | 1,642,193 | 10,324,078 | 551,770 | 3,508,683 |
791,411 | 39,847,570 | 503,639 | 24,547,358 | 405,783 | 2,645,704 | 2,177 | 13,108 |
(2,253,830) | (104,112,452) | (1,715,936) | (91,782,172) | (483,053) | (3,305,409) | (528,096) | (3,157,833) |
(21,955) | 6,613,198 | (213,838) | (13,980,321) | 1,564,923 | 9,664,373 | 25,851 | 363,958 |
— | — | — | — | 14,482,860 | 87,457,173 | 21,970,125 | 114,262,491 |
— | — | — | — | 1,747,162 | 10,413,085 | 10,144 | 56,706 |
— | — | — | — | (14,245,220) | (85,824,430) | (28,152,157) | (145,049,930) |
— | — | — | — | 1,984,802 | 12,045,828 | (6,171,888) | (30,730,733) |
(117,951) | $2,486,868 | (202,794) | $(13,485,397) | 18,043,449 | $100,055,548 | (25,038,712) | $(113,421,577) |
Touchstone Value Fund | ||||
For the Year Ended June 30, 2022(A) | For the Year Ended June 30, 2021 | |||
Shares | Dollars | Shares | Dollars | |
Class A | ||||
Proceeds from Shares issued | 711,431 | $7,911,031 | 294,009 | $2,988,202 |
Proceeds from Shares issued in connection with reorganization(B) | 16,002,448 | 178,897,865 | — | — |
Reinvestment of distributions | 1,283,854 | 13,979,764 | 74,853 | 722,633 |
Cost of Shares redeemed | (5,066,703) | (55,887,177) | (563,236) | (5,436,299) |
Change from Class A Share Transactions | 12,931,030 | 144,901,483 | (194,374) | (1,725,464) |
Class C | ||||
Proceeds from Shares issued | 155,614 | 1,684,614 | 43,137 | 463,857 |
Proceeds from Shares issued in connection with reorganization(B) | 454,230 | 5,060,481 | — | — |
Reinvestment of distributions | 40,098 | 434,249 | 3,629 | 34,591 |
Cost of Shares redeemed | (241,736) | (2,688,461) | (150,389) | (1,401,306) |
Change from Class C Share Transactions | 408,206 | 4,490,883 | (103,623) | (902,858) |
Class Y(C) | ||||
Proceeds from Shares issued | 1,271,629 | 14,268,625 | 2,240,371 | 23,194,008 |
Proceeds from Shares issued in connection with reorganization(B) | 493,844 | 5,545,569 | — | — |
Reinvestment of distributions | 779,077 | 8,531,614 | 238,204 | 2,317,284 |
Cost of Shares redeemed | (2,625,149) | (29,423,662) | (3,105,283) | (28,962,292) |
Change from Class Y Share Transactions | (80,599) | (1,077,854) | (626,708) | (3,451,000) |
Institutional Class | ||||
Proceeds from Shares issued | 5,463,546 | 60,984,321 | 12,763,089 | 135,117,333 |
Reinvestment of distributions | 1,915,258 | 20,913,854 | 587,454 | 5,736,439 |
Cost of Shares redeemed | (7,279,817) | (80,473,980) | (7,394,847) | (77,357,112) |
Change from Institutional Class Share Transactions | 98,987 | 1,424,195 | 5,955,696 | 63,496,660 |
Class R6 | ||||
Proceeds from Shares issued | 39,612 | 419,942 | — | — |
Reinvestment of distributions | 192 | 1,961 | — | — |
Change from Class R6 Share Transactions | 39,804 | 421,903 | — | — |
Change from Share Transactions | 13,397,428 | $150,160,610 | 5,030,991 | $57,417,338 |
(A) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 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 | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets | Ratio of gross expenses to average net assets | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
11/30/17 | $19.68 | $0.21 | $2.89 | $3.10 | $(0.25) | $ (0.13) | $(0.38) | $22.40 | 15.95% | $258,279 | 1.03% | 1.04% | 0.99% | 46% | ||||||||||||||
06/30/18(2)(3) | 22.40 | 0.16 | 0.22 | 0.38 | (0.18) | (1.06) | (1.24) | 21.54 | 1.72(4) | 239,056 | 1.01(5) | 1.07(5) | 1.24(5) | 119(4) | ||||||||||||||
06/30/19 | 21.54 | 0.32 | 1.73 | 2.05 | (0.34) | (1.07) | (1.41) | 22.18 | 10.13 | 244,037 | 1.01 | 1.09 | 1.49 | 81 | ||||||||||||||
06/30/20 | 22.18 | 0.27 | 1.85 | 2.12 | (0.28) | (2.41) | (2.69) | 21.61 | 10.09 | 250,298 | 1.01 | 1.07 | 1.25 | 135 | ||||||||||||||
06/30/21 | 21.61 | 0.16(6) | 5.47 | 5.63 | (0.15) | (1.57) | (1.72) | 25.52 | 26.92 | 322,009 | 1.01 | 1.03 | 0.66 | 60 | ||||||||||||||
06/30/22 | 25.52 | 0.14(6) | (3.42) | (3.28) | (0.15) | (0.61) | (0.76) | 21.48 | (13.32) | 521,933 | 0.99 | 0.99 | 0.54 | 92(7)(8) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
11/30/17 | $19.73 | $0.04 | $2.91 | $2.95 | $(0.09) | $ (0.13) | $(0.22) | $22.46 | 15.09% | $42,800 | 1.79% | 1.81% | 0.23% | 46% | ||||||||||||||
06/30/18(2)(3) | 22.46 | 0.06 | 0.22 | 0.28 | (0.05) | (1.06) | (1.11) | 21.63 | 1.25(4) | 39,769 | 1.78(5) | 1.86(5) | 0.47(5) | 119(4) | ||||||||||||||
06/30/19 | 21.63 | 0.15 | 1.75 | 1.90 | (0.17) | (1.07) | (1.24) | 22.29 | 9.33 | 34,380 | 1.78 | 1.89 | 0.72 | 81 | ||||||||||||||
06/30/20 | 22.29 | 0.11 | 1.86 | 1.97 | (0.13) | (2.41) | (2.54) | 21.72 | 9.23 | 44,174 | 1.78 | 1.88 | 0.48 | 135 | ||||||||||||||
06/30/21 | 21.72 | (0.03)(6) | 5.49 | 5.46 | (0.02) | (1.57) | (1.59) | 25.59 | 25.93 | 65,455 | 1.78 | 1.81 | (0.11) | 60 | ||||||||||||||
06/30/22 | 25.59 | (0.05)(6) | (3.42) | (3.47) | — | (0.61) | (0.61) | 21.51 | (13.96) | 73,906 | 1.75 | 1.75 | (0.22) | 92(7)(8) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
11/30/17(9) | $19.57 | $0.28 | $2.84 | $3.12 | $(0.30) | $ (0.13) | $(0.43) | $22.26 | 16.20% | $31,215 | 0.78% | 0.80% | 1.25% | 46% | ||||||||||||||
06/30/18(2)(3) | 22.26 | 0.19 | 0.22 | 0.41 | (0.22) | (1.06) | (1.28) | 21.39 | 1.86(4) | 30,612 | 0.81(5) | 0.90(5) | 1.44(5) | 119(4) | ||||||||||||||
06/30/19 | 21.39 | 0.35 | 1.72 | 2.07 | (0.38) | (1.07) | (1.45) | 22.01 | 10.33 | 60,638 | 0.81 | 0.88 | 1.69 | 81 | ||||||||||||||
06/30/20 | 22.01 | 0.32 | 1.84 | 2.16 | (0.33) | (2.41) | (2.74) | 21.43 | 10.35 | 94,921 | 0.81 | 0.87 | 1.45 | 135 | ||||||||||||||
06/30/21 | 21.43 | 0.20(6) | 5.41 | 5.61 | (0.19) | (1.57) | (1.76) | 25.28 | 27.12 | 197,877 | 0.81 | 0.81 | 0.86 | 60 | ||||||||||||||
06/30/22 | 25.28 | 0.18(6) | (3.38) | (3.20) | (0.19) | (0.61) | (0.80) | 21.28 | (13.13) | 155,159 | 0.79(10) | 0.75 | 0.74 | 92(7)(8) | ||||||||||||||
Class R6 | ||||||||||||||||||||||||||||
06/30/22(11) | $26.15 | $0.13(6) | $(4.22) | $(4.09) | $(0.18) | $ (0.61) | $(0.79) | $21.27 | (16.08)%(4) | $112 | 0.64%(5) | 33.98%(5) | 0.89%(5) | 92%(7)(8) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | Represents the seven months ended June 30, 2018. |
(3) | The Fund changed its fiscal year end from November 30 to June 30. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | The net investment income per share was based on average shares outstanding for the period. |
(7) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(8) | 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. |
(9) | Effective October 28, 2017, Class I shares of the Sentinel Balanced Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(10) | Net expenses include amounts recouped by the Advisor. |
(11) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 for Class R6. |
Touchstone Core Municipal Bond Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets | Ratio of gross expenses to average net assets | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
06/30/18 | $11.55 | $0.33 | $(0.22) | $0.11 | $(0.33) | $ — | $(0.33) | $11.33 | 0.99% | $35,728 | 0.85% | 1.13% | 2.91% | 47% | ||||||||||||||
06/30/19 | 11.33 | 0.32 | 0.30 | 0.62 | (0.32) | — | (0.32) | 11.63 | 5.60 | 33,515 | 0.85 | 1.15 | 2.85 | 53 | ||||||||||||||
06/30/20 | 11.63 | 0.30 | 0.21 | 0.51 | (0.30) | (0.01) | (0.31) | 11.83 | 4.38 | 32,060 | 0.85 | 1.18 | 2.53 | 33 | ||||||||||||||
06/30/21 | 11.83 | 0.28 | 0.06 | 0.34 | (0.28) | — | (0.28) | 11.89 | 2.90 | 30,870 | 0.85 | 1.15 | 2.35 | 21 | ||||||||||||||
06/30/22 | 11.89 | 0.16 | (1.16) | (1.00) | (0.16) | (0.01) | (0.17) | 10.72 | (8.43) | 25,101 | 0.82 | 1.08 | 1.40 | 157 | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
06/30/18 | $11.57 | $0.25 | $(0.24) | $0.01 | $(0.25) | $ — | $(0.25) | $11.33 | 0.06% | $5,363 | 1.60% | 2.01% | 2.16% | 47% | ||||||||||||||
06/30/19 | 11.33 | 0.23 | 0.33 | 0.56 | (0.24) | — | (0.24) | 11.65 | 4.97 | 2,756 | 1.60 | 2.08 | 2.10 | 53 | ||||||||||||||
06/30/20 | 11.65 | 0.21 | 0.21 | 0.42 | (0.21) | (0.01) | (0.22) | 11.85 | 3.61 | 2,050 | 1.60 | 2.32 | 1.78 | 33 | ||||||||||||||
06/30/21 | 11.85 | 0.18 | 0.07 | 0.25 | (0.19) | — | (0.19) | 11.91 | 2.13 | 1,180 | 1.60 | 2.27 | 1.60 | 21 | ||||||||||||||
06/30/22 | 11.91 | 0.08 | (1.17) | (1.09) | (0.08) | (0.01) | (0.09) | 10.73 | (9.27) | 943 | 1.57 | 2.47 | 0.65 | 157 | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
06/30/18 | $11.56 | $0.29 | $(0.16) | $0.13 | $(0.36) | $ — | $(0.36) | $11.33 | 1.15% | $4,596 | 0.60% | 1.16% | 3.16% | 47% | ||||||||||||||
06/30/19 | 11.33 | 0.35 | 0.31 | 0.66 | (0.35) | — | (0.35) | 11.64 | 5.96 | 3,031 | 0.60 | 1.05 | 3.10 | 53 | ||||||||||||||
06/30/20 | 11.64 | 0.33 | 0.22 | 0.55 | (0.33) | (0.01) | (0.34) | 11.85 | 4.73 | 2,616 | 0.60 | 1.31 | 2.78 | 33 | ||||||||||||||
06/30/21 | 11.85 | 0.31 | 0.05 | 0.36 | (0.31) | — | (0.31) | 11.90 | 3.07 | 3,449 | 0.60 | 1.25 | 2.60 | 21 | ||||||||||||||
06/30/22 | 11.90 | 0.19 | (1.15) | (0.96) | (0.19) | (0.01) | (0.20) | 10.74 | (8.19) | 2,740 | 0.57 | 1.11 | 1.65 | 157 | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
06/30/18 | $11.56 | $0.30 | $(0.16) | $0.14 | $(0.37) | $ — | $(0.37) | $11.33 | 1.18% | $560 | 0.55% | 2.54% | 3.21% | 47% | ||||||||||||||
06/30/19 | 11.33 | 0.36 | 0.31 | 0.67 | (0.36) | — | (0.36) | 11.64 | 6.05 | 7,913 | 0.55 | 0.96 | 3.15 | 53 | ||||||||||||||
06/30/20 | 11.64 | 0.33 | 0.21 | 0.54 | (0.33) | (0.01) | (0.34) | 11.84 | 4.69 | 12,785 | 0.55 | 0.91 | 2.83 | 33 | ||||||||||||||
06/30/21 | 11.84 | 0.32 | 0.06 | 0.38 | (0.32) | — | (0.32) | 11.90 | 3.20 | 14,481 | 0.55 | 0.85 | 2.65 | 21 | ||||||||||||||
06/30/22 | 11.90 | 0.20 | (1.15) | (0.95) | (0.20) | (0.01) | (0.21) | 10.74 | (8.13) | 29,694 | 0.50 | 0.75 | 1.72 | 157 |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
Touchstone International Equity Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets | Ratio of gross expenses to average net assets | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
11/30/17 | $15.52 | $0.17 | $4.05 | $4.22 | $(0.10) | $ — | $(0.10) | $19.64 | 27.39% | $129,139 | 1.37% | 1.39% | 0.92% | 37% | ||||||||||||||
06/30/18(2)(3) | 19.64 | 0.36(4) | (0.94) | (0.58) | (0.21) | (0.70) | (0.91) | 18.15 | (3.23)(5) | 118,391 | 1.23(6) | 1.30(6) | 3.22(4)(6) | 26(5) | ||||||||||||||
06/30/19 | 18.15 | 0.20(7) | (0.57) | (0.37) | (0.26) | (1.87) | (2.13) | 15.65 | (0.78) | 106,870 | 1.30 | 1.37 | 1.26 | 43 | ||||||||||||||
06/30/20 | 15.65 | 0.08(7) | (0.98) | (0.90) | (0.19) | (0.63) | (0.82) | 13.93 | (6.28) | 77,744 | 1.29 | 1.40 | 0.57 | 45 | ||||||||||||||
06/30/21 | 13.93 | 0.09(7) | 4.94 | 5.03 | (0.08) | — | (0.08) | 18.88 | 36.16 | 88,022 | 1.36 | 1.37 | 0.56 | 31 | ||||||||||||||
06/30/22 | 18.88 | 0.18(7) | (3.44) | (3.26) | (0.08) | (2.24) | (2.32) | 13.30 | (18.87) | 76,671 | 1.36 | 1.40 | 1.08 | 45(8) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
11/30/17 | $14.66 | $(0.06) | $3.86 | $3.80 | $— | $ — | $— | $18.46 | 25.92% | $6,924 | 2.45% | 2.49% | (0.16)% | 37% | ||||||||||||||
06/30/18(2)(3) | 18.46 | 0.26(4) | (0.90) | (0.64) | — | (0.70) | (0.70) | 17.12 | (3.72)(5) | 6,737 | 2.18(6) | 2.25(6) | 2.27(4)(6) | 26(5) | ||||||||||||||
06/30/19 | 17.12 | 0.03(7) | (0.54) | (0.51) | (0.10) | (1.87) | (1.97) | 14.64 | (1.87) | 3,783 | 2.34 | 2.42 | 0.21 | 43 | ||||||||||||||
06/30/20 | 14.64 | (0.09)(7) | (0.93) | (1.02) | — | (0.63) | (0.63) | 12.99 | (7.41) | 2,073 | 2.49 | 2.74 | (0.63) | 45 | ||||||||||||||
06/30/21 | 12.99 | (0.04)(7) | 4.60 | 4.56 | (—)(9) | — | (—)(9) | 17.55 | 35.14 | 2,115 | 2.15 | 2.90 | (0.24) | 31 | ||||||||||||||
06/30/22 | 17.55 | 0.07(7) | (3.18) | (3.11) | (0.02) | (2.24) | (2.26) | 12.18 | (19.45) | 2,399 | 1.99 | 2.71 | 0.45 | 45(8) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
11/30/17(10) | $15.40 | $0.25 | $3.98 | $4.23 | $(0.18) | $ — | $(0.18) | $19.45 | 27.78% | $63,320 | 1.01% | 1.03% | 1.28% | 37% | ||||||||||||||
06/30/18(2)(3) | 19.45 | 0.40(4) | (0.93) | (0.53) | (0.29) | (0.70) | (0.99) | 17.93 | (3.05)(5) | 57,438 | 0.99(6) | 1.09(6) | 3.47(4)(6) | 26(5) | ||||||||||||||
06/30/19 | 17.93 | 0.25(7) | (0.57) | (0.32) | (0.30) | (1.87) | (2.17) | 15.44 | (0.47) | 42,120 | 0.99 | 1.12 | 1.57 | 43 | ||||||||||||||
06/30/20 | 15.44 | 0.13(7) | (0.97) | (0.84) | (0.24) | (0.63) | (0.87) | 13.73 | (6.03) | 23,835 | 0.99 | 1.15 | 0.87 | 45 | ||||||||||||||
06/30/21 | 13.73 | 0.15(7) | 4.88 | 5.03 | (0.11) | — | (0.11) | 18.65 | 36.71 | 27,903 | 0.99 | 1.19 | 0.93 | 31 | ||||||||||||||
06/30/22 | 18.65 | 0.23(7) | (3.40) | (3.17) | (0.13) | (2.24) | (2.37) | 13.11 | (18.61) | 20,430 | 0.99 | 1.19 | 1.45 | 45(8) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
11/30/17(11) | $18.91 | $0.02 | $0.53 | $0.55 | $— | $ — | $— | $19.46 | 2.91%(5) | $3 | 0.89%(6) | 1,921.18%(6) | 1.40%(6) | 37% | ||||||||||||||
06/30/18(2)(3) | 19.46 | 0.56(4) | (1.09) | (0.53) | (0.31) | (0.70) | (1.01) | 17.92 | (3.02)(5) | 2,260 | 0.89(6) | 1.63(6) | 3.57(4)(6) | 26(5) | ||||||||||||||
06/30/19 | 17.92 | 0.26(7) | (0.57) | (0.31) | (0.32) | (1.87) | (2.19) | 15.42 | (0.39) | 2,592 | 0.89 | 1.38 | 1.67 | 43 | ||||||||||||||
06/30/20 | 15.42 | 0.14(7) | (0.95) | (0.81) | (0.27) | (0.63) | (0.90) | 13.71 | (5.89) | 14,205 | 0.89 | 1.12 | 0.97 | 45 | ||||||||||||||
06/30/21 | 13.71 | 0.16(7) | 4.88 | 5.04 | (0.12) | — | (0.12) | 18.63 | 36.83 | 4,315 | 0.89 | 1.06 | 1.03 | 31 | ||||||||||||||
06/30/22 | 18.63 | 0.25(7) | (3.40) | (3.15) | (0.15) | (2.24) | (2.39) | 13.09 | (18.52) | 3,273 | 0.89 | 1.34 | 1.55 | 45(8) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | Represents the seven months ended June 30, 2018. |
(3) | The Fund changed its fiscal year end from November 30 to June 30. |
(4) | 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, Class C, Class Y and Institutional Class shares and the net investment income per share would have been lower by $0.17, $0.16, $0.17 and $0.16 for Class A, Class C, Class Y and Institutional Class shares, respectively. |
(5) | Not annualized. |
(6) | Annualized. |
(7) | The net investment income per share was based on average shares outstanding for the period. |
(8) | 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. |
(9) | Less than $0.005 per share. |
(10) | Effective October 28, 2017, Class I shares of the Sentinel Balanced Fund (the “Predecessor Fund”) were reorganized into Class Y shares of the Fund. |
(11) | Represents the period from commencement of operations (October 30, 2017) through November 30, 2017. |
Touchstone International Growth Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets | Ratio of gross expenses to average net assets | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
06/30/18(2) | $11.61 | $(0.01) | $1.75 | $1.74 | $— | $ (0.24) | $(0.24) | $13.11 | 15.00% | $918 | 1.36% | 3.75% | (0.05)% | 109% | ||||||||||||||
06/30/19(2) | 13.11 | (0.04)(3) | (0.47) | (0.51) | — | (1.49) | (1.49) | 11.11 | (1.78) | 760 | 1.24 | 4.36 | (0.31) | 103 | ||||||||||||||
06/30/20(2) | 11.11 | (0.03)(3) | 0.60 | 0.57 | — | — | — | 11.68 | 5.07 | 777 | 1.24 | 4.17 | (0.26) | 74 | ||||||||||||||
06/30/21(2) | 11.68 | (0.10)(3) | 3.77 | 3.67 | — | — | — | 15.35 | 31.51 | 2,216 | 1.24 | 2.31 | (0.63) | 116(4) | ||||||||||||||
06/30/22 | 15.35 | (0.04) | (4.81) | (4.85) | — | — | — | 10.50 | (31.60) | 1,172 | 1.24 | 2.62 | (0.27) | 49 | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
06/30/18(2) | $11.57 | $(0.05) | $1.69 | $1.64 | $— | $ (0.24) | $(0.24) | $12.97 | 14.14% | $436 | 2.10% | 5.06% | (0.79)% | 109% | ||||||||||||||
06/30/19(2) | 12.97 | (0.12)(3) | (0.48) | (0.60) | — | (1.49) | (1.49) | 10.88 | (2.52) | 185 | 1.99 | 6.35 | (1.06) | 103 | ||||||||||||||
06/30/20(2) | 10.88 | (0.11)(3) | 0.57 | 0.46 | — | — | — | 11.34 | 4.28 | 403 | 1.99 | 5.96 | (1.01) | 74 | ||||||||||||||
06/30/21(2) | 11.34 | (0.20)(3) | 3.67 | 3.47 | — | — | — | 14.81 | 30.55 | 1,316 | 1.99 | 3.43 | (1.38) | 116(4) | ||||||||||||||
06/30/22 | 14.81 | (0.14) | (4.61) | (4.75) | — | — | — | 10.06 | (32.07) | 787 | 1.99 | 3.62 | (1.02) | 49 | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
06/30/18(2) | $11.81 | $0.01 | $1.79 | $1.80 | $— | $ (0.24) | $(0.24) | $13.37 | 15.32% | $4,553 | 1.03% | 1.81% | 0.28% | 109% | ||||||||||||||
06/30/19(2) | 13.37 | (0.01)(3) | (0.49) | (0.50) | (0.01) | (1.51) | (1.52) | 11.35 | (1.53) | 2,341 | 0.99 | 1.89 | (0.06) | 103 | ||||||||||||||
06/30/20(2) | 11.35 | (—)(3)(5) | 0.60 | 0.60 | — | — | — | 11.95 | 5.28 | 867 | 0.99 | 2.50 | (0.01) | 74 | ||||||||||||||
06/30/21(2) | 11.95 | (0.06)(3) | 3.88 | 3.82 | — | — | — | 15.77 | 31.88 | 74,507 | 0.99 | 1.25 | (0.38) | 116(4) | ||||||||||||||
06/30/22 | 15.77 | (—)(5) | (4.95) | (4.95) | — | — | — | 10.82 | (31.39) | 47,845 | 0.99 | 1.31 | (0.02) | 49 | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
06/30/18(2) | $11.88 | $0.04 | $1.78 | $1.82 | $— | $ (0.24) | $(0.24) | $13.46 | 15.42% | $28,159 | 1.02% | 1.31% | 0.28% | 109% | ||||||||||||||
06/30/19(2) | 13.46 | 0.01(3) | (0.50) | (0.49) | (0.02) | (1.52) | (1.54) | 11.43 | (1.46) | 31,435 | 0.89 | 1.30 | 0.04 | 103 | ||||||||||||||
06/30/20(2) | 11.43 | 0.01(3) | 0.61 | 0.62 | (—)(5) | — | (—)(5) | 12.05 | 5.46 | 29,285 | 0.89 | 1.35 | 0.09 | 74 | ||||||||||||||
06/30/21(2) | 12.05 | (0.05)(3) | 3.91 | 3.86 | (0.02) | — | (0.02) | 15.89 | 32.00 | 23,334 | 0.89 | 1.20 | (0.28) | 116(4) | ||||||||||||||
06/30/22 | 15.89 | 0.03 | (5.01) | (4.98) | (— )(5) | — | (— )(5) | 10.91 | (31.34) | 11,224 | 0.89 | 1.32 | 0.08 | 49 |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | 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, 1.9095 for 1 for Class C shares, 1.8839 for 1 for Class Y shares and 1.8777 for 1 for Institutional Class shares. All historical per share information has been retroactively adjusted to reflect this stock split. |
(3) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(4) | 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. |
(5) | Less than $0.005 per share. |
Touchstone Large Cap Focused Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets(2) | Ratio of gross expenses to average net assets(3) | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
11/30/17 | $42.28 | $0.45 | $8.99 | $9.44 | $(0.51) | $ (2.46) | $(2.97) | $48.75 | 23.67% | $1,321,506 | 1.02% | 1.02% | 0.98% | 12%(4) | ||||||||||||||
06/30/18(5)(6) | 48.75 | 0.23 | 1.85 | 2.08 | (0.07) | (6.96) | (7.03) | 43.80 | 4.74(7) | 1,218,721 | 0.97(8) | 1.09(8) | 0.88(8) | 9(4)(7) | ||||||||||||||
06/30/19 | 43.80 | 0.38(9) | 3.72 | 4.10 | (0.27) | (4.26) | (4.53) | 43.37 | 10.51 | 1,170,490 | 0.97 | 1.09 | 0.88 | 15(4) | ||||||||||||||
06/30/20 | 43.37 | 0.27 | 3.78 | 4.05 | (0.27) | (4.85) | (5.12) | 42.30 | 9.54 | 1,120,305 | 1.01 | 1.10 | 0.66 | 29(4) | ||||||||||||||
06/30/21 | 42.30 | 0.08(9) | 19.10 | 19.18 | (0.09) | (2.71) | (2.80) | 58.68 | 46.68 | 1,541,127 | 1.01 | 1.05 | 0.15 | 16(4) | ||||||||||||||
06/30/22 | 58.68 | 0.04 | (7.56) | (7.52) | (0.05) | (3.91) | (3.96) | 47.20 | (14.07) | 1,736,900 | 0.99 | 0.99 | 0.13 | 27(4)(10) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
11/30/17 | $40.44 | $—(11) | $8.67 | $8.67 | $(0.17) | $ (2.46) | $(2.63) | $46.48 | 22.69% | $74,122 | 1.82% | 1.82% | 0.18% | 12%(4) | ||||||||||||||
06/30/18(5)(6) | 46.48 | 0.03 | 1.74 | 1.77 | — | (6.96) | (6.96) | 41.29 | 4.24(7) | 67,599 | 1.78(8) | 1.89(8) | 0.07(8) | 9(4)(7) | ||||||||||||||
06/30/19 | 41.29 | 0.03(9) | 3.50 | 3.53 | — | (4.26) | (4.26) | 40.56 | 9.61 | 47,838 | 1.79 | 1.90 | 0.07 | 15(4) | ||||||||||||||
06/30/20 | 40.56 | (0.19) | 3.64 | 3.45 | — | (4.85) | (4.85) | 39.16 | 8.69 | 37,450 | 1.82 | 1.94 | (0.15) | 29(4) | ||||||||||||||
06/30/21 | 39.16 | (0.30)(9) | 17.58 | 17.28 | — | (2.71) | (2.71) | 53.73 | 45.49 | 41,645 | 1.80 | 1.88 | (0.64) | 16(4) | ||||||||||||||
06/30/22 | 53.73 | (0.02) | (7.18) | (7.20) | — | (3.91) | (3.91) | 42.62 | (14.78) | 49,115 | 1.80 | 1.80 | (0.68) | 27(4)(10) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
11/30/17(12) | $42.26 | $0.56 | $8.99 | $9.55 | $(0.63) | $ (2.46) | $(3.09) | $48.72 | 24.03% | $438,732 | 0.74% | 0.75% | 1.26% | 12%(4) | ||||||||||||||
06/30/18(5)(6) | 48.72 | 0.29 | 1.84 | 2.13 | (0.21) | (6.96) | (7.17) | 43.68 | 4.85(7) | 394,077 | 0.74(8) | 0.90(8) | 1.11(8) | 9(4)(7) | ||||||||||||||
06/30/19 | 43.68 | 0.48(9) | 3.71 | 4.19 | (0.37) | (4.26) | (4.63) | 43.24 | 10.81 | 413,137 | 0.73 | 0.89 | 1.13 | 15(4) | ||||||||||||||
06/30/20 | 43.24 | 0.40 | 3.76 | 4.16 | (0.37) | (4.85) | (5.22) | 42.18 | 9.84 | 352,103 | 0.75 | 0.91 | 0.92 | 29(4) | ||||||||||||||
06/30/21 | 42.18 | 0.22(9) | 19.05 | 19.27 | (0.16) | (2.71) | (2.87) | 58.58 | 47.07 | 575,053 | 0.73 | 0.86 | 0.43 | 16(4) | ||||||||||||||
06/30/22 | 58.58 | 0.20 | (7.57) | (7.37) | (0.16) | (3.91) | (4.07) | 47.14 | (13.86) | 493,825 | 0.73 | 0.78 | 0.39 | 27(4)(10) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
11/30/17(13) | $42.32 | $0.61 | $9.01 | $9.62 | $(0.67) | $ (2.46) | $(3.13) | $48.81 | 24.14% | $44,738 | 0.68% | 0.70% | 1.32% | 12%(4) | ||||||||||||||
06/30/18(5)(6) | 48.81 | 0.34 | 1.80 | 2.14 | (0.24) | (6.96) | (7.20) | 43.75 | 4.93(7) | 46,683 | 0.67(8) | 0.88(8) | 1.18(8) | 9(4)(7) | ||||||||||||||
06/30/19 | 43.75 | 0.51(9) | 3.71 | 4.22 | (0.40) | (4.26) | (4.66) | 43.31 | 10.87 | 100,473 | 0.66 | 0.85 | 1.20 | 15(4) | ||||||||||||||
06/30/20 | 43.31 | 0.35 | 3.83 | 4.18 | (0.40) | (4.85) | (5.25) | 42.24 | 9.87 | 127,963 | 0.71 | 0.88 | 0.96 | 29(4) | ||||||||||||||
06/30/21 | 42.24 | 0.23(9) | 19.10 | 19.33 | (0.17) | (2.71) | (2.88) | 58.69 | 47.14 | 207,274 | 0.70 | 0.81 | 0.46 | 16(4) | ||||||||||||||
06/30/22 | 58.69 | 0.26 | (7.63) | (7.37) | (0.18) | (3.91) | (4.09) | 47.23 | (13.85) | 217,531 | 0.70 | 0.73 | 0.42 | 27(4)(10) | ||||||||||||||
Class R6 | ||||||||||||||||||||||||||||
06/30/22(14) | $61.99 | $0.22 | $(10.89) | $(10.67) | $(0.16) | $ (3.91) | $(4.07) | $47.25 | (18.43)%(7) | $804 | 0.66%(8) | 3.02%(8) | 0.47%(8) | 27%(4)(10) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | The ratios shown include liquidity provider expenses. The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A shares was 0.98%, 1.00%, 0.98%, 0.96%, 0.95% and 1.02%; for Class C shares was 1.79%, 1.79%, 1.79%, 1.78%, 1.76% and 1.82%; for Class Y shares was 0.72%, 0.72%, 0.72%, 0.72%, 0.72% and 0.74%; for Institutional Class shares was 0.69%, 0.69%, 0.68%, 0.65%, 0.65% and 0.68% for the years ended June 30, 2022, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively; and for Class R6 shares was 0.65% for the period ended June 30, 2022. |
(3) | The ratios shown include liquidity provider expenses. The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A shares was 0.98%, 1.04%, 1.07%, 1.08%, 1.07% and 1.02%; for Class C shares was 1.79%, 1.87%, 1.91%, 1.89%, 1.87% and 1.82%; for Class Y shares was 0.77%, 0.85%, 0.88%, 0.88%, 0.88% and 0.75%; for Institutional Class shares was 0.72%, 0.80%, 0.85%, 0.84%, 0.86% and 0.70% for the years ended June 30, 2022, 2021, 2020 and 2019, the seven months ended June 30, 2018 and the year ended November 30, 2017, respectively; and for Class R6 shares was 3.01% for the period ended June 30, 2022. |
(4) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(5) | Represents the seven months ended June 30, 2018. |
(6) | The Fund changed its fiscal year end from November 30 to June 30. |
(7) | Not annualized. |
(8) | Annualized. |
(9) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(10) | 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. |
(11) | Less than $0.005 per share. |
(12) | 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. |
(13) | Effective October 30, 2017, Class R6 shares of the Predecessor Fund were reorganized into Institutional Class shares of the Fund. |
(14) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 for Class R6. |
Touchstone Large Cap Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets(2) | Ratio of gross expenses to average net assets(3) | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
06/30/18 | $11.96 | $0.09 | $1.27 | $1.36 | $(0.05) | $ — | $(0.05) | $13.27 | 11.35% | $2,975 | 1.12% | 1.50% | 0.48% | 10% | ||||||||||||||
06/30/19 | 13.27 | 0.09(4) | 0.83 | 0.92 | (0.08) | — | (0.08) | 14.11 | 7.04 | 4,067 | 1.11 | 1.67 | 0.63 | 19(5) | ||||||||||||||
06/30/20 | 14.11 | 0.15 | (0.24) | (0.09) | (0.11) | (0.87) | (0.98) | 13.04 | (1.18) | 2,989 | 1.03 | 1.91 | 1.03 | 20 | ||||||||||||||
06/30/21 | 13.04 | 0.11 | 4.83 | 4.94 | (0.12) | — | (0.12) | 17.86 | 38.06 | 4,278 | 1.04 | 1.53 | 0.75 | 15(5) | ||||||||||||||
06/30/22 | 17.86 | 0.08 | (2.03) | (1.95) | (0.12) | (0.40) | (0.52) | 15.39 | (11.44) | 4,510 | 1.05 | 1.48 | 0.51 | 12(5) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
06/30/18 | $11.80 | $(0.04) | $1.28 | $1.24 | $— | $ — | $— | $13.04 | 10.51% | $7,849 | 1.87% | 2.12% | (0.27)% | 10% | ||||||||||||||
06/30/19 | 13.04 | (0.02)(4) | 0.83 | 0.81 | — | — | — | 13.85 | 6.21 | 7,372 | 1.86 | 2.13 | (0.12) | 19(5) | ||||||||||||||
06/30/20 | 13.85 | 0.01 | (0.20) | (0.19) | — | (0.87) | (0.87) | 12.79 | (1.89) | 5,376 | 1.78 | 2.09 | 0.27 | 20 | ||||||||||||||
06/30/21 | 12.79 | (0.10) | 4.84 | 4.74 | — | — | — | 17.53 | 37.06 | 4,328 | 1.79 | 2.03 | (—)(6) | 15(5) | ||||||||||||||
06/30/22 | 17.53 | (0.10) | (1.96) | (2.06) | — | (0.40) | (0.40) | 15.07 | (12.15) | 2,995 | 1.80 | 2.12 | (0.24) | 12(5) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
06/30/18 | $12.00 | $0.10 | $1.30 | $1.40 | $(0.09) | $ — | $(0.09) | $13.31 | 11.62% | $231,984 | 0.87% | 0.99% | 0.73% | 10% | ||||||||||||||
06/30/19 | 13.31 | 0.12(4) | 0.84 | 0.96 | (0.13) | — | (0.13) | 14.14 | 7.31 | 213,650 | 0.86 | 0.99 | 0.88 | 19(5) | ||||||||||||||
06/30/20 | 14.14 | 0.17 | (0.22) | (0.05) | (0.15) | (0.87) | (1.02) | 13.07 | (0.93) | 206,798 | 0.78 | 0.90 | 1.28 | 20 | ||||||||||||||
06/30/21 | 13.07 | 0.16 | 4.83 | 4.99 | (0.18) | — | (0.18) | 17.88 | 38.39 | 270,305 | 0.79 | 0.88 | 1.00 | 15(5) | ||||||||||||||
06/30/22 | 17.88 | 0.15 | (2.05) | (1.90) | (0.16) | (0.40) | (0.56) | 15.42 | (11.20) | 202,913 | 0.80 | 0.88 | 0.76 | 12(5) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
06/30/18 | $12.02 | $0.10 | $1.31 | $1.41 | $(0.10) | $ — | $(0.10) | $13.33 | 11.70% | $124,759 | 0.77% | 0.91% | 0.83% | 10% | ||||||||||||||
06/30/19 | 13.33 | 0.14(4) | 0.83 | 0.97 | (0.14) | — | (0.14) | 14.16 | 7.43 | 59,211 | 0.77 | 0.92 | 0.98 | 19(5) | ||||||||||||||
06/30/20 | 14.16 | 0.15 | (0.19) | (0.04) | (0.16) | (0.87) | (1.03) | 13.09 | (0.83) | 60,402 | 0.68 | 0.84 | 1.38 | 20 | ||||||||||||||
06/30/21 | 13.09 | 0.16 | 4.86 | 5.02 | (0.20) | — | (0.20) | 17.91 | 38.59 | 90,358 | 0.69 | 0.82 | 1.10 | 15(5) | ||||||||||||||
06/30/22 | 17.91 | 0.18 | (2.08) | (1.90) | (0.17) | (0.40) | (0.57) | 15.44 | (11.15) | 67,679 | 0.70 | 0.82 | 0.86 | 12(5) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | The ratios shown include liquidity provider expenses. The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.03% and 1.03%; for Class C shares was 1.78% and 1.78%; for Class Y shares was 0.78% and 0.78%; and for Institutional Class shares was 0.68% and 0.68% for the years ended June 30, 2022 and 2021, respectively. |
(3) | The ratios shown include liquidity provider expenses. The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.46% and 1.52%; for Class C shares was 2.10% and 2.02%; for Class Y shares was 0.86% and 0.87%; and for Institutional Class shares was 0.80% and 0.81% for the years ended June 30, 2022 and 2021, respectively. |
(4) | The net investment income per share was based on average shares outstanding for the period. |
(5) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(6) | Less than 0.005%. |
Touchstone Large Company Growth Fund | ||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment loss | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets(2) | Ratio of gross expenses to average net assets(3) | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | |||||||||||||
Class A | ||||||||||||||||||||||||||
06/30/18 | $35.52 | $(0.24) | $7.19 | $6.95 | $ (1.14) | $(1.14) | $41.33 | 19.75% | $3,417 | 1.23% | 1.67% | (0.63)% | 44% | |||||||||||||
06/30/19 | 41.33 | (0.56) | 4.42 | 3.86 | (2.69) | (2.69) | 42.50 | 10.39 | 1,425 | 1.23 | 2.01 | (0.59) | 41 | |||||||||||||
06/30/20 | 42.50 | (0.08) | 8.19 | 8.11 | (3.15) | (3.15) | 47.46 | 20.07 | 2,112 | 1.07 | 2.28 | 0.60 | 30 | |||||||||||||
06/30/21 | 47.46 | (0.15) | 16.56 | 16.41 | (6.61) | (6.61) | 57.26 | 37.33 | 3,617 | 1.06 | 1.59 | (0.71) | 36(4) | |||||||||||||
06/30/22 | 57.26 | (0.18) | (10.40) | (10.58) | (10.52) | (10.52) | 36.16 | (23.29) | 3,290 | 1.07 | 1.58 | (0.61) | 41(4) | |||||||||||||
Class C | ||||||||||||||||||||||||||
06/30/18 | $35.29 | $(0.30) | $6.89 | $6.59 | $ (1.14) | $(1.14) | $40.74 | 18.88% | $236 | 1.98% | 8.12% | (1.38)% | 44% | |||||||||||||
06/30/19 | 40.74 | (0.40) | 3.87 | 3.47 | (2.69) | (2.69) | 41.52 | 9.55 | 396 | 1.98 | 4.38 | (1.34) | 41 | |||||||||||||
06/30/20 | 41.52 | (0.31) | 7.87 | 7.56 | (3.15) | (3.15) | 45.93 | 19.19 | 592 | 1.82 | 4.64 | (1.35) | 30 | |||||||||||||
06/30/21 | 45.93 | (1.42) | 16.81 | 15.39 | (6.61) | (6.61) | 54.71 | 36.28 | 473 | 1.81 | 3.39 | (1.46) | 36(4) | |||||||||||||
06/30/22 | 54.71 | (1.24) | (9.03) | (10.27) | (10.52) | (10.52) | 33.92 | (23.87) | 206 | 1.82 | 4.24 | (1.36) | 41(4) | |||||||||||||
Class Y | ||||||||||||||||||||||||||
06/30/18 | $35.60 | $(0.13) | $7.20 | $7.07 | $ (1.14) | $(1.14) | $41.53 | 20.02% | $15,961 | 0.98% | 1.12% | (0.38)% | 44% | |||||||||||||
06/30/19 | 41.53 | (0.12) | 4.10 | 3.98 | (2.69) | (2.69) | 42.82 | 10.66 | 19,580 | 0.98 | 1.16 | (0.34) | 41 | |||||||||||||
06/30/20 | 42.82 | (0.12) | 8.42 | 8.30 | (3.15) | (3.15) | 47.97 | 20.38 | 24,062 | 0.82 | 1.04 | (0.35) | 30 | |||||||||||||
06/30/21 | 47.97 | (0.26) | 17.00 | 16.74 | (6.61) | (6.61) | 58.10 | 37.64 | 28,952 | 0.81 | 0.96 | (0.46) | 36(4) | |||||||||||||
06/30/22 | 58.10 | (0.18) | (10.49) | (10.67) | (10.52) | (10.52) | 36.91 | (23.09) | 13,917 | 0.82 | 0.97 | (0.36) | 41(4) | |||||||||||||
Institutional Class | ||||||||||||||||||||||||||
06/30/18 | $35.63 | $(0.11) | $7.23 | $7.12 | $ (1.14) | $(1.14) | $41.61 | 20.17% | $224,379 | 0.88% | 0.98% | (0.28)% | 44% | |||||||||||||
06/30/19 | 41.61 | (0.10) | 4.13 | 4.03 | (2.69) | (2.69) | 42.95 | 10.74 | 204,391 | 0.88 | 0.99 | (0.24) | 41 | |||||||||||||
06/30/20 | 42.95 | (0.12) | 8.50 | 8.38 | (3.15) | (3.15) | 48.18 | 20.51 | 199,601 | 0.73 | 0.86 | (0.25) | 30 | |||||||||||||
06/30/21 | 48.18 | (0.21) | 17.10 | 16.89 | (6.61) | (6.61) | 58.46 | 37.80 | 229,690 | 0.71 | 0.85 | (0.36) | 36(4) | |||||||||||||
06/30/22 | 58.46 | (0.14) | (10.58) | (10.72) | (10.52) | (10.52) | 37.22 | (23.03) | 145,441 | 0.72 | 0.84 | (0.26) | 41(4) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | The ratios shown include liquidity provider expenses. The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.04% and 1.04%; for Class C shares was 1.79% and 1.79%; for Class Y shares was 0.79% and 0.79%; and for Institutional Class shares was 0.69% and 0.69% for the years ended June 30, 2022 and 2021, respectively. |
(3) | The ratios shown include liquidity provider expenses. The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.55% and 1.57%; for Class C shares was 4.21% and 3.37%; for Class Y shares was 0.94% and 0.94%; and for Institutional Class shares was 0.81% and 0.83% for the years ended June 30, 2022 and 2021, respectively. |
(4) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
Touchstone Small Company Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets(2) | Ratio of gross expenses to average net assets(3) | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
11/30/17 | $5.19 | $(0.02) | $0.89 | $0.87 | $— | $ (0.42) | $(0.42) | $5.64 | 17.95% | $677,055 | 1.18% | 1.18% | (0.49)% | 82% | ||||||||||||||
06/30/18(4)(5) | 5.64 | (0.01) | 0.37 | 0.36 | — | (0.47) | (0.47) | 5.53 | 6.89(6) | 661,866 | 1.10(7) | 1.18(7) | (0.26)(7) | 30(6) | ||||||||||||||
06/30/19 | 5.53 | (0.01) | (0.07) | (0.08) | — | (0.62) | (0.62) | 4.83 | (0.73) | 589,664 | 1.12 | 1.20 | (0.26) | 94(8)(9) | ||||||||||||||
06/30/20 | 4.83 | (0.02) | (0.47) | (0.49) | — | (0.28) | (0.28) | 4.06 | (10.82) | 420,822 | 1.15 | 1.24 | (0.32) | 81 | ||||||||||||||
06/30/21 | 4.06 | (0.03) | 2.65 | 2.62 | — | (0.01) | (0.01) | 6.67 | 64.45 | 608,513 | 1.20 | 1.20 | (0.45) | 80(8) | ||||||||||||||
06/30/22 | 6.67 | (0.02)(10) | (0.95) | (0.97) | — | (1.14) | (1.14) | 4.56 | (17.95) | 451,081 | 1.17 | 1.17 | (0.31) | 70(8) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
11/30/17 | $3.39 | $(0.10) | $0.63 | $0.53 | $— | $ (0.42) | $(0.42) | $3.50 | 17.36% | $104,051 | 1.92% | 1.92% | (1.23)% | 82% | ||||||||||||||
06/30/18(4)(5) | 3.50 | (0.02) | 0.22 | 0.20 | — | (0.47) | (0.47) | 3.23 | 6.51(6) | 97,136 | 1.85(7) | 1.93(7) | (1.02)(7) | 30(6) | ||||||||||||||
06/30/19 | 3.23 | (0.05) | (0.04) | (0.09) | — | (0.62) | (0.62) | 2.52 | (1.65) | 39,390 | 1.88 | 1.96 | (1.01) | 94(8)(9) | ||||||||||||||
06/30/20 | 2.52 | (0.05) | (0.20) | (0.25) | — | (0.28) | (0.28) | 1.99 | (11.22) | 21,204 | 1.95 | 2.07 | (1.12) | 81 | ||||||||||||||
06/30/21 | 1.99 | (0.04) | 1.29 | 1.25 | — | (0.01) | (0.01) | 3.23 | 62.65 | 26,123 | 1.97 | 2.05 | (1.22) | 80(8) | ||||||||||||||
06/30/22 | 3.23 | (0.03)(10) | (0.34) | (0.37) | — | (1.14) | (1.14) | 1.72 | (18.70) | 17,385 | 1.97 | 2.02 | (1.11) | 70(8) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
11/30/17(11) | $5.56 | $(0.06) | $1.02 | $0.96 | $— | $ (0.42) | $(0.42) | $6.10 | 18.41% | $388,404 | 0.85% | 0.85% | (0.16)% | 82% | ||||||||||||||
06/30/18(4)(5) | 6.10 | (—)(12) | 0.41 | 0.41 | — | (0.47) | (0.47) | 6.04 | 7.21(6) | 383,050 | 0.84(7) | 0.92(7) | (0.01)(7) | 30(6) | ||||||||||||||
06/30/19 | 6.04 | (—)(12) | (0.09) | (0.09) | (—)(12) | (0.62) | (0.62) | 5.33 | (0.79) | 326,021 | 0.87 | 0.95 | —(12) | 94(8)(9) | ||||||||||||||
06/30/20 | 5.33 | (—)(12) | (0.52) | (0.52) | — | (0.28) | (0.28) | 4.53 | (10.35) | 189,336 | 0.89 | 0.98 | (0.06) | 81 | ||||||||||||||
06/30/21 | 4.53 | (0.01) | 2.94 | 2.93 | (—)(12) | (0.01) | (0.01) | 7.45 | 64.61 | 282,428 | 0.91 | 0.99 | (0.16) | 80(8) | ||||||||||||||
06/30/22 | 7.45 | (—)(10) | (1.10) | (1.10) | — | (1.14) | (1.14) | 5.21 | (17.81) | 222,141 | 0.91 | 0.97 | (0.05) | 70(8) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
11/30/17(13) | $5.80 | $(—)(12) | $0.30 | $0.30 | $— | $ — | $— | $6.10 | 5.17%(6) | $3 | 0.79%(7) | 2,069.15%(7) | (0.70)%(7) | 82% | ||||||||||||||
06/30/18(4)(5) | 6.10 | —(12) | 0.41 | 0.41 | — | (0.47) | (0.47) | 6.04 | 7.21(6) | 8 | 0.79(7) | 275.86(7) | 0.05(7) | 30(6) | ||||||||||||||
06/30/19 | 6.04 | —(12) | (0.10) | (0.10) | (—)(12) | (0.62) | (0.62) | 5.32 | (0.91) | 2,216 | 0.79 | 2.52 | 0.08 | 94(8)(9) | ||||||||||||||
06/30/20 | 5.32 | —(12) | (0.52) | (0.52) | — | (0.28) | (0.28) | 4.52 | (10.37) | 11,269 | 0.79 | 1.13 | 0.05 | 81 | ||||||||||||||
06/30/21 | 4.52 | (—)(12) | 2.93 | 2.93 | (—)(12) | (0.01) | (0.01) | 7.44 | 64.75 | 18,770 | 0.81 | 0.99 | (0.06) | 80(8) | ||||||||||||||
06/30/22 | 7.44 | —(10) | (1.09) | (1.09) | — | (1.14) | (1.14) | 5.21 | (17.70) | 21,299 | 0.81 | 0.96 | 0.05 | 70(8) | ||||||||||||||
Class R6 | ||||||||||||||||||||||||||||
11/30/17 | $5.24 | $(0.03) | $0.94 | $0.91 | $— | $ (0.42) | $(0.42) | $5.73 | 18.58% | $67,052 | 0.75% | 0.77% | (0.07)% | 82% | ||||||||||||||
06/30/18(4)(5) | 5.73 | —(12) | 0.39 | 0.39 | — | (0.47) | (0.47) | 5.65 | 7.33(6) | 76,246 | 0.73(7) | 0.84(7) | 0.10(7) | 30(6) | ||||||||||||||
06/30/19 | 5.65 | 0.01 | (0.08) | (0.07) | (0.01) | (0.62) | (0.63) | 4.95 | (0.59) | 137,585 | 0.73 | 0.84 | 0.14 | 94(8)(9) | ||||||||||||||
06/30/20 | 4.95 | 0.01 | (0.49) | (0.48) | — | (0.28) | (0.28) | 4.19 | (10.35) | 64,567 | 0.76 | 0.88 | 0.07 | 81 | ||||||||||||||
06/30/21 | 4.19 | (—)(12) | 2.73 | 2.73 | (—)(12) | (0.01) | (0.01) | 6.91 | 65.08 | 63,766 | 0.81 | 0.89 | (0.06) | 80(8) | ||||||||||||||
06/30/22 | 6.91 | — (10)(12) | (1.00) | (1.00) | — | (1.14) | (1.14) | 4.77 | (17.73) | 53,500 | 0.81 | 0.87 | 0.05 | 70(8) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | The ratios shown include liquidity provider expenses. The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.15% and 1.18%; for Class C shares was 1.95% and 1.95%; for Class Y shares was 0.89% and 0.89%; for Institutional Class shares was 0.79% and 0.79%; and for Class R6 shares was 0.79% and 0.79% for the years ended June 30, 2022 and 2021, respectively. |
(3) | The ratios shown include liquidity provider expenses. The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A shares was 1.15% and 1.18%; for Class C shares was 2.00% and 2.03%; for Class Y shares was 0.95% and 0.97%; for Institutional Class shares was 0.94% and 0.97%; and for Class R6 shares was 0.85% and 0.87% for the years ended June 30, 2022 and 2021, respectively. |
(4) | Represents the seven months ended June 30, 2018. |
(5) | The Fund changed its fiscal year end from November 30 to June 30. |
(6) | Not annualized. |
(7) | Annualized. |
(8) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(9) | 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. |
(10) | The net investment income per share was based on average shares outstanding for the period. |
(11) | 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. |
(12) | Less than $0.005 per share or 0.005%. |
(13) | Represents the period from commencement of operations (October 30, 2017) through November 30, 2017. |
Touchstone Value Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Distributions from realized capital gains | Total distributions | Net asset value at end of period | Total return(1) | Net assets at end of period (000's) | Ratio of net expenses to average net assets | Ratio of gross expenses to average net assets | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
06/30/18 | $10.13 | $0.14 | $0.55 | $0.69 | $(0.14) | $ (0.76) | $(0.90) | $9.92 | 6.92% | $36,968 | 1.08% | 1.26% | 1.42% | 24% | ||||||||||||||
06/30/19 | 9.92 | 0.16 | 0.57 | 0.73 | (0.16) | (1.08) | (1.24) | 9.41 | 8.53 | 32,964 | 1.08 | 1.26 | 1.67 | 37(2) | ||||||||||||||
06/30/20 | 9.41 | 0.13 | (0.98) | (0.85) | (0.12) | (0.49) | (0.61) | 7.95 | (9.83) | 24,567 | 1.08 | 1.26 | 1.37 | 57 | ||||||||||||||
06/30/21 | 7.95 | 0.10 | 3.62 | 3.72 | (0.10) | (0.16) | (0.26) | 11.41 | 47.49 | 33,052 | 1.08 | 1.24 | 1.08 | 37 | ||||||||||||||
06/30/22 | 11.41 | 0.11 | (0.63) | (0.52) | (0.12) | (0.85) | (0.97) | 9.92 | (5.30) | 156,947 | 1.08 | 1.13 | 1.03 | 63(3) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
06/30/18 | $10.10 | $0.08 | $0.54 | $0.62 | $(0.07) | $ (0.76) | $(0.83) | $9.89 | 6.12% | $3,654 | 1.83% | 2.21% | 0.68% | 24% | ||||||||||||||
06/30/19 | 9.89 | 0.09 | 0.56 | 0.65 | (0.08) | (1.08) | (1.16) | 9.38 | 7.72 | 3,175 | 1.83 | 2.35 | 0.92 | 37(2) | ||||||||||||||
06/30/20 | 9.38 | 0.06 | (0.97) | (0.91) | (0.05) | (0.49) | (0.54) | 7.93 | (10.49) | 2,175 | 1.83 | 2.43 | 0.62 | 57 | ||||||||||||||
06/30/21 | 7.93 | 0.03 | 3.61 | 3.64 | (0.03) | (0.16) | (0.19) | 11.38 | 46.40 | 1,943 | 1.83 | 2.46 | 0.33 | 37 | ||||||||||||||
06/30/22 | 11.38 | 0.02 | (0.64) | (0.62) | (0.03) | (0.85) | (0.88) | 9.88 | (6.11) | 5,722 | 1.83 | 2.08 | 0.28 | 63(3) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
06/30/18 | $10.17 | $0.17 | $0.55 | $0.72 | $(0.17) | $ (0.76) | $(0.93) | $9.96 | 7.19% | $81,988 | 0.81% | 0.95% | 1.70% | 24% | ||||||||||||||
06/30/19 | 9.96 | 0.19 | 0.57 | 0.76 | (0.19) | (1.08) | (1.27) | 9.45 | 8.82 | 92,928 | 0.79 | 0.94 | 1.96 | 37(2) | ||||||||||||||
06/30/20 | 9.45 | 0.15 | (0.98) | (0.83) | (0.15) | (0.49) | (0.64) | 7.98 | (9.64) | 75,028 | 0.80 | 0.96 | 1.64 | 57 | ||||||||||||||
06/30/21 | 7.98 | 0.13 | 3.64 | 3.77 | (0.13) | (0.16) | (0.29) | 11.46 | 47.93 | 100,542 | 0.83 | 0.95 | 1.33 | 37 | ||||||||||||||
06/30/22 | 11.46 | 0.14 | (0.64) | (0.50) | (0.14) | (0.85) | (0.99) | 9.97 | (5.06) | 86,615 | 0.83 | 0.88 | 1.28 | 63(3) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
06/30/18 | $10.14 | $0.19 | $0.55 | $0.74 | $(0.19) | $ (0.76) | $(0.95) | $9.93 | 7.34% | $262,467 | 0.68% | 0.87% | 1.82% | 24% | ||||||||||||||
06/30/19 | 9.93 | 0.20 | 0.57 | 0.77 | (0.20) | (1.08) | (1.28) | 9.42 | 8.96 | 208,686 | 0.68 | 0.89 | 2.07 | 37(2) | ||||||||||||||
06/30/20 | 9.42 | 0.16 | (0.97) | (0.81) | (0.16) | (0.49) | (0.65) | 7.96 | (9.43) | 153,945 | 0.68 | 0.90 | 1.77 | 57 | ||||||||||||||
06/30/21 | 7.96 | 0.14 | 3.63 | 3.77 | (0.14) | (0.16) | (0.30) | 11.43 | 48.12 | 289,120 | 0.68 | 0.88 | 1.48 | 37 | ||||||||||||||
06/30/22 | 11.43 | 0.16 | (0.65) | (0.49) | (0.16) | (0.85) | (1.01) | 9.93 | (5.02) | 252,281 | 0.68 | 0.83 | 1.43 | 63(3) | ||||||||||||||
Class R6 | ||||||||||||||||||||||||||||
06/30/22(4) | $11.91 | $0.11 | $(1.11) | $(1.00) | $(0.13) | $ (0.85) | $(0.98) | $9.93 | (9.10)%(5) | $395 | 0.63%(6) | 8.11%(6) | 1.47%(6) | 63%(3) |
(1) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(2) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(3) | 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. |
(4) | Represents the period from commencement of operations (October 28, 2021) through June 30, 2022 for Class R6. |
(5) | Not annualized. |
(6) | Annualized. |
Touchstone Balanced Fund ("Balanced Fund”) |
Touchstone Core Municipal Bond Fund (formerly 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* | $823,799 | $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 | $13,652,934 |
Fund | Security Type | Market Value of Securities Loaned* | Market Value of Collateral Received** | Net Amount*** |
Balanced Fund | Corporate Bonds | $831,137 | $848,250 | $17,113 |
Preferred Stocks | 864,435 | 884,574 | 20,139 | |
Total Balanced Fund | 1,695,572 | 1,732,824 | 37,252 | |
International Growth Fund | Common Stocks | 4,456,197 | 4,804,762 | 348,565 |
Small Company Fund | Common Stocks | 4,554,000 | 4,695,000 | 141,000 |
* | 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 | $424,429,775 | $108,929,964 | $52,998,473 | $39,592,039 |
Proceeds from sales and maturities | $343,979,039 | $95,031,231 | $87,665,688 | $54,346,818 |
Large Cap Focused Fund* | Large Cap Fund* | Large Company Growth Fund* | Small Company Fund* | Value Fund | |
Purchases of investment securities | $773,683,167 | $40,667,930 | $93,494,841 | $659,524,759 | $343,619,262 |
Proceeds from sales and maturities | $841,812,442 | $79,139,683 | $120,719,988 | $645,981,882 | $420,094,757 |
* | Balanced Fund, Large Cap Focused Fund, Large Cap Fund, Large Company Growth Fund and Small Company Fund had a redemption-in-kind out of the Fund of $21,938,249, $168,998,235, $28,554,517, $30,606,093 and $70,196,559, respectively. The redemptions were comprised of securities of $20,471,881, $133,840,394, $21,000,498, $25,368,539 and $56,618,499 which are excluded from the proceeds from sales and maturities and cash in the amount of $1,466,368, $35,157,841, $7,554,019, $5,237,554 and $13,578,060 for the Balanced Fund, 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 such 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% on all assets |
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 such assets over $200 million |
* | Prior to October 28, 2021, the Fund paid 0.50% on the first $100 million, 0.45% on the next $100 million, 0.40% on the next $100 million and 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 | Fort Washington 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 | $— | $2 | $4,426 | $4,428 |
Core Municipal Bond Fund | — | 44,979 | 137,449 | 182,428 |
International Equity Fund | — | 3,723 | 121,430 | 125,153 |
International Growth Fund | — | 101,712 | 215,212 | 316,924 |
Large Cap Focused Fund | — | 47 | 413,390 | 413,437 |
Large Cap Fund | — | 79,185 | 266,280 | 345,465 |
Large Company Growth Fund | — | 164,598 | 157,398 | 321,996 |
Small Company Fund | — | 27,811 | 214,023 | 241,834 |
Value Fund | — | 235,068 | 356,127 | 591,195 |
Fund | Expires on or before June 30, 2023 | Expires on or before June 30, 2024 | Expires on or before June 30, 2025 | Total |
Balanced Fund | $— | $— | $4,428 | $4,428 |
Core Municipal Bond Fund | 157,632 | 73,030 | 99,819 | 330,481 |
International Equity Fund | 174,004 | 67,613 | 64,511 | 306,128 |
International Growth Fund | 193,290 | 255,371 | 302,133 | 750,794 |
Large Cap Focused Fund | 1,851,991 | 757,813 | 413,033 | 3,022,837 |
Large Cap Fund | 393,233 | 338,365 | 321,303 | 1,052,901 |
Large Company Growth Fund | 326,338 | 357,163 | 309,075 | 992,576 |
Small Company Fund | 818,548 | 262,375 | 229,745 | 1,310,668 |
Value Fund | 606,669 | 515,267 | 498,918 | 1,620,854 |
Fund | Amount |
Balanced Fund | $ 56,755 |
Core Municipal Bond Fund | 1,866 |
International Equity Fund | 3,789 |
International Growth Fund | 703 |
Large Cap Focused Fund | 38,288 |
Large Cap Fund | 658 |
Large Company Growth Fund | 1,399 |
Small Company Fund | 14,996 |
Value Fund | 7,592 |
Fund | Class A | Class C |
Balanced Fund | $ 285 | $ 2,935 |
International Equity Fund | — | 44 |
Large Cap Focused Fund | 350 | 1,057 |
Small Company Fund | 119 | 63 |
Value Fund | — | 80 |
Fund | Shares ReFlow Subscribed to | Redemptions-in-kind |
Balanced Fund | 1,016,494 | $ 20,471,881 |
Large Cap Focused Fund | 3,066,329 | 133,840,394 |
Large Cap Fund | 1,481,736 | 21,000,498 |
Large Company Growth Fund | 644,886 | 25,368,539 |
Small Company Fund | 11,667,038 | 56,618,499 |
Fund | Daily Average Amount Borrowed | Weighted Average Interest Rate | Interest Expense* |
International Equity Fund | $ 43,441 | 0.68% | $ 300 |
International Growth Fund | $ 8,857 | 0.68% | $ 61 |
Large Cap Fund | $ 406,115 | 0.80% | $ 3,439 |
Large Company Growth Fund | $ 26,394 | 0.68% | $ 181 |
* | Included in Other expenses in the Statements of Operations. |
Balanced Fund | Core Municipal Bond Fund | International Equity Fund | ||||
Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | |
From ordinary income | $7,937,924 | $7,630,981 | $— | $— | $6,873,595 | $647,909 |
From tax-exempt income | — | — | 1,004,748 | 1,211,675 | — | — |
From long-term capital gains | 19,917,546 | 26,358,697 | 37,471 | 5,224 | 10,153,319 | — |
Total distributions | $27,855,470 | $33,989,678 | $1,042,219 | $1,216,899 | $17,026,914 | $647,909 |
International Growth Fund | Large Cap Focused Fund | Large Cap Fund | ||||
Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | |
From ordinary income | $362 | $— | $39,814,540 | $12,163,638 | $3,996,630 | $3,689,511 |
From long-term capital gains | — | — | 170,287,074 | 94,020,901 | 6,966,746 | — |
Total distributions | $362 | $— | $210,101,614 | $106,184,539 | $10,963,376 | $3,689,511 |
Large Company Growth Fund | Small Company Fund | Value Fund | ||||
Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | Year Ended June 30, 2022 | Year Ended June 30, 2021 | |
From ordinary income | $2,681,389 | $1,164,162 | $48,143,409 | $842,597 | $15,794,980 | $4,536,512 |
From long-term capital gains | 45,210,640 | 28,994,022 | 116,754,602 | — | 33,693,432 | 4,949,001 |
Total distributions | $47,892,029 | $30,158,184 | $164,898,011 | $842,597 | $49,488,412 | $9,485,513 |
Balanced Fund | Core Municipal Bond Fund | International Equity Fund | International Growth Fund | Large Cap Focused Fund | |
Tax cost of portfolio investments | $694,848,526 | $63,345,880 | $106,498,868 | $72,019,027 | $1,772,160,498 |
Gross unrealized appreciation on investments | 131,765,907 | 230,106 | 13,697,620 | 6,502,668 | 850,074,984 |
Gross unrealized depreciation on investments | (72,508,661) | (2,913,887) | (19,915,710) | (12,786,842) | (121,745,288) |
Net unrealized appreciation (depreciation) on investments | 59,257,246 | (2,683,781) | (6,218,090) | (6,284,174) | 728,329,696 |
Gross unrealized appreciation on foreign currency transactions | 13 | — | 2,748 | 278 | — |
Gross unrealized depreciation on foreign currency transactions | — | — | (7,500) | (12,589) | — |
Net unrealized appreciation (depreciation) on foreign currency transactions | 13 | — | (4,752) | (12,311) | — |
Capital loss carryforwards | — | — | (65,508,598) | (6,386,751) | — |
Late year ordinary losses deferrals | (1,639,566) | (28,109) | (1,722,707) | — | — |
Undistributed ordinary income | — | — | — | — | 12,237,564 |
Undistributed capital gains | — | — | — | — | 26,814,957 |
Other temporary differences | (3,957) | (8,041) | — | — | — |
Accumulated earnings (deficit) | $57,613,736 | $(2,719,931) | $(73,454,147) | $(12,683,236) | $767,382,217 |
Large Cap Fund | Large Company Growth Fund | Small Company Fund | Value Fund | |
Tax cost of portfolio investments | $195,229,568 | $127,910,277 | $709,210,198 | $451,217,867 |
Gross unrealized appreciation on investments | 94,149,687 | 43,178,848 | 127,289,870 | 87,497,177 |
Gross unrealized depreciation on investments | (11,321,165) | (7,569,970) | (62,927,035) | (40,946,135) |
Net unrealized appreciation (depreciation) on investments | 82,828,522 | 35,608,878 | 64,362,835 | 46,551,042 |
Late year ordinary losses deferrals | — | (174,283) | (890,599) | — |
Undistributed ordinary income | 1,812,304 | — | — | 3,069,694 |
Undistributed capital gains | 9,064,251 | 4,964,517 | 17,610,082 | 23,311,513 |
Accumulated earnings (deficit) | $93,705,077 | $40,399,112 | $81,082,318 | $72,932,249 |
Fund | No Expiration Short Term | No Expiration Long Term | Total |
International Equity Fund* | $ 34,975,398 | $ 30,533,200 | $ 65,508,598 |
International Growth Fund* | 6,386,751 | — | 6,386,751 |
* | Future utilization may be limited under current tax laws. |
Fund | Utilized |
International Equity Fund | $ 721,485 |
Fund | Realized Capital Losses | Ordinary Losses | Total |
Balanced Fund | $ 1,639,566 | $ — | $ 1,639,566 |
Core Municipal Bond Fund | 28,109 | — | 28,109 |
International Equity Fund | 1,722,707 | — | 1,722,707 |
Large Company Growth Fund | — | 174,283 | 174,283 |
Small Company Fund | — | 890,599 | 890,599 |
Fund | Paid-In Capital | Distributable Earnings |
Balanced Fund | $ 19,929,136 | $ (19,929,136) |
Core Municipal Bond Fund | (4,388) | 4,388 |
International Equity Fund | 66,422,508 | (66,422,508) |
International Growth Fund | (218,706) | 218,706 |
Fund | Paid-In Capital | Distributable Earnings |
Large Cap Focused Fund | $86,420,740 | $(86,420,740) |
Large Cap Fund | 11,486,481 | (11,486,481) |
Large Company Growth Fund | 21,350,111 | (21,350,111) |
Small Company Fund | 19,056,071 | (19,056,071) |
Value Fund | 6,058,231 | (6,058,231) |
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 | $6,606,731 |
Net realized and unrealized gain(loss) on investments | $(131,576,289) |
Net decrease in net assets resulting from operations | $(124,969,558) |
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 | $1,403,181 |
Net realized and unrealized gain(loss) on investments | $(26,674,240) |
Net decrease in net assets resulting from operations | $(25,271,059) |
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 income | $5,386,420 |
Net realized and unrealized gain(loss) on investments | $(412,243,408) |
Net decrease in net assets resulting from operations | $(406,856,988) |
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 |
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 income | $7,276,890 |
Net realized and unrealized gain(loss) on investments | $(33,394,576) |
Net decrease in net assets resulting from operations | $(26,117,686) |
Individual funds constituting Touchstone Strategic Trust | Statement of operations | Statements of changes in net assets | Financial highlights |
Touchstone Balanced Fund Touchstone International Equity Fund Touchstone Large Cap Focused Fund Touchstone Small Company Fund | For the year ended June 30, 2022 | For each of the two years in the period ended June 30, 2022 | For each of the four years in the period ended June 30, 2022, the the period from December 1, 2017 through June 30, 2018 and the period from December 1, 2016 to November 30, 2017 |
Touchstone Core Municipal Bond Fund (formerly Touchstone Ohio Tax-Free Bond Fund) Touchstone International Growth Fund Touchstone Large Cap Fund Touchstone Large Company Growth Fund Touchstone Value Fund | For the year ended June 30, 2022 | For each of the two years in the period ended June 30, 2022 | For each of the five years in the period ended June 30, 2022 |
Balanced Fund | 89.27 % |
International Equity Fund | 69.06 % |
Large Cap Focused Fund | 74.26 % |
Large Cap Fund | 100.00 % |
Value Fund | 79.08 % |
Balanced Fund | 87.64 % |
Large Cap Focused Fund | 72.80 % |
Large Cap Fund | 100.00 % |
Value Fund | 72.23 % |
Balanced Fund | $ 19,917,546 |
Core Municipal Bond Fund | $ 37,471 |
International Equity Fund | $ 10,153,319 |
Large Cap Focused Fund | $ 188,274,619 |
Large Cap Fund | $ 13,373,992 |
Large Company Growth Fund | $ 53,153,985 |
Small Company Fund | $ 116,754,602 |
Value Fund | $ 47,319,920 |
Net Expense Ratio Annualized June 30, 2022 | Beginning Account Value January 1, 2022 | Ending Account Value June 30, 2022 | Expenses Paid During the Six Months Ended June 30, 2022* | ||
Balanced Fund | |||||
Class A | Actual | 1.04% | $1,000.00 | $829.70 | $4.72** |
Class A | Hypothetical | 1.04% | $1,000.00 | $1,019.64 | $5.21** |
Class C | Actual | 1.79% | $1,000.00 | $826.70 | $8.11** |
Class C | Hypothetical | 1.79% | $1,000.00 | $1,015.92 | $8.95** |
Class Y | Actual | 0.80% | $1,000.00 | $830.70 | $3.63** |
Class Y | Hypothetical | 0.80% | $1,000.00 | $1,020.83 | $4.01** |
Class R6 | Actual | 0.65% | $1,000.00 | $831.10 | $2.95** |
Class R6 | Hypothetical | 0.65% | $1,000.00 | $1,021.57 | $3.26** |
Core Municipal Bond Fund | |||||
Class A | Actual | 0.80% | $1,000.00 | $911.60 | $3.79 |
Class A | Hypothetical | 0.80% | $1,000.00 | $1,020.83 | $4.01 |
Class C | Actual | 1.55% | $1,000.00 | $906.70 | $7.33 |
Class C | Hypothetical | 1.55% | $1,000.00 | $1,017.11 | $7.75 |
Class Y | Actual | 0.55% | $1,000.00 | $912.80 | $2.61 |
Class Y | Hypothetical | 0.55% | $1,000.00 | $1,022.07 | $2.76 |
Institutional Class | Actual | 0.48% | $1,000.00 | $913.10 | $2.28 |
Institutional Class | Hypothetical | 0.48% | $1,000.00 | $1,022.41 | $2.41 |
International Equity Fund | |||||
Class A | Actual | 1.38% | $1,000.00 | $857.50 | $6.36 |
Class A | Hypothetical | 1.38% | $1,000.00 | $1,017.95 | $6.90 |
Class C | Actual | 1.99% | $1,000.00 | $854.70 | $9.15 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,014.93 | $9.94 |
Class Y | Actual | 0.99% | $1,000.00 | $859.10 | $4.56 |
Net Expense Ratio Annualized June 30, 2022 | Beginning Account Value January 1, 2022 | Ending Account Value June 30, 2022 | Expenses Paid During the Six Months Ended June 30, 2022* | ||
Class Y | Hypothetical | 0.99% | $1,000.00 | $1,019.89 | $4.96 |
Institutional Class | Actual | 0.89% | $1,000.00 | $860.00 | $4.10 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.38 | $4.46 |
International Growth Fund | |||||
Class A | Actual | 1.24% | $1,000.00 | $750.50 | $5.38 |
Class A | Hypothetical | 1.24% | $1,000.00 | $1,018.65 | $6.21 |
Class C | Actual | 1.99% | $1,000.00 | $748.50 | $8.63 |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,014.93 | $9.94 |
Class Y | Actual | 0.99% | $1,000.00 | $751.90 | $4.30 |
Class Y | Hypothetical | 0.99% | $1,000.00 | $1,019.89 | $4.96 |
Institutional Class | Actual | 0.89% | $1,000.00 | $752.40 | $3.87 |
Institutional Class | Hypothetical | 0.89% | $1,000.00 | $1,020.38 | $4.46 |
Large Cap Focused Fund | |||||
Class A | Actual | 0.98% | $1,000.00 | $803.40 | $4.38*** |
Class A | Hypothetical | 0.98% | $1,000.00 | $1,019.93 | $4.91*** |
Class C | Actual | 1.79% | $1,000.00 | $800.10 | $7.99*** |
Class C | Hypothetical | 1.79% | $1,000.00 | $1,015.92 | $8.95*** |
Class Y | Actual | 0.72% | $1,000.00 | $804.40 | $3.22*** |
Class Y | Hypothetical | 0.72% | $1,000.00 | $1,021.22 | $3.61*** |
Institutional Class | Actual | 0.69% | $1,000.00 | $804.60 | $3.09*** |
Institutional Class | Hypothetical | 0.69% | $1,000.00 | $1,021.37 | $3.46*** |
Class R6 | Actual | 0.65% | $1,000.00 | $804.70 | $2.91*** |
Class R6 | Hypothetical | 0.65% | $1,000.00 | $1,021.57 | $3.26*** |
Large Cap Fund | |||||
Class A | Actual | 1.05% | $1,000.00 | $806.20 | $4.70**** |
Class A | Hypothetical | 1.05% | $1,000.00 | $1,019.59 | $5.26**** |
Class C | Actual | 1.80% | $1,000.00 | $803.30 | $8.05**** |
Class C | Hypothetical | 1.80% | $1,000.00 | $1,015.87 | $9.00**** |
Class Y | Actual | 0.80% | $1,000.00 | $807.70 | $3.59**** |
Class Y | Hypothetical | 0.80% | $1,000.00 | $1,020.83 | $4.01**** |
Institutional Class | Actual | 0.70% | $1,000.00 | $808.00 | $3.14**** |
Institutional Class | Hypothetical | 0.70% | $1,000.00 | $1,021.32 | $3.51**** |
Large Company Growth Fund | |||||
Class A | Actual | 1.08% | $1,000.00 | $736.80 | $4.65***** |
Class A | Hypothetical | 1.08% | $1,000.00 | $1,019.44 | $5.41***** |
Class C | Actual | 1.84% | $1,000.00 | $733.90 | $7.91***** |
Class C | Hypothetical | 1.84% | $1,000.00 | $1,015.67 | $9.20***** |
Class Y | Actual | 0.84% | $1,000.00 | $737.60 | $3.62***** |
Class Y | Hypothetical | 0.84% | $1,000.00 | $1,020.63 | $4.21***** |
Institutional Class | Actual | 0.73% | $1,000.00 | $737.90 | $3.15***** |
Institutional Class | Hypothetical | 0.73% | $1,000.00 | $1,021.17 | $3.66***** |
Small Company Fund | |||||
Class A | Actual | 1.18% | $1,000.00 | $786.20 | $5.23****** |
Class A | Hypothetical | 1.18% | $1,000.00 | $1,018.94 | $5.91****** |
Class C | Actual | 1.97% | $1,000.00 | $781.80 | $8.70****** |
Class C | Hypothetical | 1.97% | $1,000.00 | $1,015.03 | $9.84****** |
Class Y | Actual | 0.90% | $1,000.00 | $785.80 | $3.99****** |
Class Y | Hypothetical | 0.90% | $1,000.00 | $1,020.33 | $4.51****** |
Institutional Class | Actual | 0.80% | $1,000.00 | $785.80 | $3.54****** |
Institutional Class | Hypothetical | 0.80% | $1,000.00 | $1,020.83 | $4.01****** |
Class R6 | Actual | 0.80% | $1,000.00 | $787.10 | $3.54****** |
Class R6 | Hypothetical | 0.80% | $1,000.00 | $1,020.83 | $4.01****** |
Value Fund | |||||
Class A | Actual | 1.08% | $1,000.00 | $897.50 | $5.08 |
Class A | Hypothetical | 1.08% | $1,000.00 | $1,019.44 | $5.41 |
Class C | Actual | 1.83% | $1,000.00 | $893.90 | $8.59 |
Class C | Hypothetical | 1.83% | $1,000.00 | $1,015.72 | $9.15 |
Class Y | Actual | 0.83% | $1,000.00 | $899.00 | $3.91 |
Class Y | Hypothetical | 0.83% | $1,000.00 | $1,020.68 | $4.16 |
Net Expense Ratio Annualized June 30, 2022 | Beginning Account Value January 1, 2022 | Ending Account Value June 30, 2022 | Expenses Paid During the Six Months Ended June 30, 2022* | ||
Institutional Class | Actual | 0.68% | $1,000.00 | $898.60 | $3.20 |
Institutional Class | Hypothetical | 0.68% | $1,000.00 | $1,021.42 | $3.41 |
Class R6 | Actual | 0.63% | $1,000.00 | $898.70 | $2.97 |
Class R6 | Hypothetical | 0.63% | $1,000.00 | $1,021.67 | $3.16 |
* | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect one-half year period). |
** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Class R6 would be $4.67, $8.06, $3.59 and $2.91, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Class R6 would be $5.16, $8.90, $3.96 and $3.21, respectively. |
*** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $4.34, $7.94, $3.18, $3.04 and $2.86, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $4.86, $8.90, $3.56, $3.41 and $3.21, respectively. |
**** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $4.61, $7.96, $3.50 and $3.05, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.16, $8.90, $3.91 and $3.41, respectively. |
***** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $4.48, $7.74, $3.45 and $2.97, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.21, $9.00, $4.01 and $3.46, respectively. |
****** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $5.18, $8.66, $3.94, $3.50 and $3.50, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $5.86, $9.79, $4.46, $3.96 and $3.96, respectively. |
Interested Trustees1: | |||||
Name Address Year of Birth | Position Held with Trust | Term of Office And Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Funds Overseen in the Touchstone Fund Complex2 | Other Directorships Held During Past 5 Years3 |
Jill T. McGruder Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1955 | Trustee | Until retirement at age 75 or until she resigns or is removed Trustee since 1999 | President of Touchstone Funds from 1999 to 2020; Director and CEO of IFS Financial Services, Inc. (a holding company) since 1999; and Senior Vice President and Chief Marketing Officer of Western & Southern Financial Group, Inc. (a financial services company) since 2016. | 36 | Director, Integrity Life Insurance Co. and National Integrity Life Insurance Co. since 2005; Director, Touchstone Securities (the Distributor) since 1999; Director, Touchstone Advisors (the Advisor) since 1999; Director, W&S Brokerage Services, Inc. since 1999; Director, W&S Financial Group Distributors, Inc. since 1999; Director, Insurance Profillment Solutions LLC since 2014; Director, Columbus Life Insurance Co. since 2016; Director, The Lafayette Life Insurance Co. since 2016; Director, Gerber Life Insurance Company since 2019; Director, Western & Southern Agency, Inc. since 2018; and Director, LL Global, Inc. (not-for-profit trade organization with operating divisions LIMRA and LOMA) since 2016. |
E. Blake Moore, Jr. Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1958 | President and Trustee | Until retirement at age 75 or until he resigns or is removed Trustee since 2021 | President, Touchstone Funds since 2021; Chief Executive Officer of Touchstone Advisors, Inc. and Touchstone Securities, Inc. since 2020; President, Foresters Investment Management Company, Inc. from 2018 to 2020; President, North American Asset Management at Foresters Financial from 2018 to 2020; Managing Director, Head of Americas at UBS Asset Management from 2015 to 2017; and Executive Vice President, Head of Distribution at Mackenzie Investments from 2011 to 2014. | 36 | Trustee, College of Wooster since 2008; and Director, UBS Funds from 2015 to 2017. |
Independent Trustees: | |||||
Karen Carnahan c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1954 | Trustee | Until retirement at age 75 or until she resigns or is removed Trustee since 2019 | Retired; formerly Chief Operating Officer of Shred-it (a business services company) from 2014 to 2015; formerly President & Chief Operating Officer of the document management division of Cintas Corporation (a business services company) from 2008 to 2014. | 36 | Director, Cintas Corporation since 2019; Director, Boys & Girls Club of West Chester/Liberty since 2016; and Board of Advisors, Best Upon Request from 2020 to 2021. |
William C. Gale c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1952 | Trustee | Until retirement at age 75 or until he resigns or is removed Trustee since 2013 | Retired; formerly Senior Vice President and Chief Financial Officer of Cintas Corporation (a business services company) from 1995 to 2015. | 36 | None. |
Independent Trustees (Continued): | |||||
Name Address Year of Birth | Position Held with Trust | Term of Office And Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of Funds Overseen in the Touchstone Fund Complex2 | Other Directorships Held During Past 5 Years3 |
Susan J. Hickenlooper, CFA4 c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1946 | Trustee | Until retirement at age 75 or until she resigns or is removed Trustee since 2009 | Retired from investment management. | 36 | Trustee, Episcopal Diocese of Southern Ohio from 2014 to 2018. |
Susan M. King c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1963 | Trustee | Until retirement at age 75 or until she resigns or is removed Trustee since 2021 | Formerly, Partner of ID Fund LLC (2020 to 2021); formerly, Senior Vice President, Head of Product and Marketing Strategy of Foresters Financial (2018 to 2020); formerly, Managing Director, Head of Sales Strategy and Marketing, Americas of UBS Asset Management (2015 to 2017); formerly, Director, Allianz Funds, Allianz Funds Multi-Strategy Trust and AllianzGI Institutional Multi-Series Trust (2014 to 2015); and formerly, Director, Alliance Capital Cash Management Offshore Funds (2003 to 2005). | 36 | Trustee, Claremont McKenna College since 2017; Trustee, Israel Cancer Research Fund since 2019; and Board Member of WHAM! (Women's Health Access Matters) since 2021. |
Kevin A. Robie c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1956 | Trustee | Until retirement at age 75 or until he resigns or is removed Trustee since 2013 | Retired; formerly Vice President of Portfolio Management at Soin LLC (private multinational holding company and family office) from 2004 to 2020. | 36 | Director, SaverSystems, Inc. since 2015; Director, Buckeye EcoCare, Inc. from 2013 to 2018; Director, Turner Property Services Group, Inc. since 2017; Trustee, Dayton Region New Market Fund, LLC (private fund) since 2010; and Trustee, Entrepreneurs Center, Inc. (business incubator) since 2006. |
William H. Zimmer III c/o Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1953 | Trustee | Until retirement at age 75 or until he resigns or is removed Trustee since 2019 | Independent Treasury Consultant since 2014. | 36 | Director, Deaconess Associations, Inc. (healthcare) since 2001; Trustee, Huntington Funds (mutual funds) from 2006 to 2015; and Director, National Association of Corporate Treasurers from 2011 to 2015. |
Principal Officers: | |||
Name Address Year of Birth | Position(s) Held with Trust1 | Term of Office And Length of Time Served | Principal Occupation(s) During Past 5 Years |
E. Blake Moore, Jr. Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1958 | President and Trustee | Until resignation, removal or disqualification President since January 2021 | See biography above. |
Timothy D. Paulin Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1963 | Vice President | Until resignation, removal or disqualification Vice President since 2010 | Senior Vice President of Investment Research and Product Management of Touchstone Advisors, Inc. |
Timothy S. Stearns Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1963 | Chief Compliance Officer | Until resignation, removal or disqualification Chief Compliance Officer since 2013 | Chief Compliance Officer of Touchstone Advisors, Inc. and Touchstone Securities, Inc. |
Terrie A. Wiedenheft Touchstone Advisors, Inc. 303 Broadway Suite 1100 Cincinnati, Ohio 45202 Year of Birth: 1962 | Controller and Treasurer | Until resignation, removal or disqualification Controller and Treasurer since 2006 | Senior Vice President and Chief Administration Officer within the Office of the Chief Marketing Officer of Western & Southern Financial Group (since 2021); and Senior Vice President, Chief Financial Officer, and Chief Operations Officer of IFS Financial Services, Inc. (a holding company). |
Meredyth A. Whitford-Schultz Western & Southern Financial Group 400 Broadway Cincinnati, Ohio 45202 Year of Birth: 1981 | Secretary | Until resignation, removal or disqualification Secretary since 2018 | Senior Counsel - Securities/Mutual Funds of Western & Southern Financial Group (2015 to present); Associate at Morgan Lewis & Bockius LLP (law firm) (2014 to 2015); Associate at Bingham McCutchen LLP (law firm) (2008 to 2014). |
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.
(a) | The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party. |
(c) | There have been no amendments, during the period covered by this report, to a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics description. |
(d) | The registrant has not granted any waivers, including an implicit waiver, from a provision of the code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in paragraph (b) of this Item’s instructions. |
(e) | Not applicable. |
(f) | A copy of the code of ethics is attached hereto as Exhibit 13(a)(1). |
Item 3. Audit Committee Financial Expert.
The registrant’s Board of Trustees has determined that the registrant has at least one audit committee financial expert serving on its audit committee. Ms. Karen Carnahan is the registrant’s audit committee financial expert and is an independent trustee within the meaning of the Investment Company Act of 1940, as amended (the “1940 Act”).
Item 4. Principal Accountant Fees and Services.
Audit Fees
(a) | Audit fees for Touchstone Strategic Trust (June Funds) totaled $171,300 and $171,300 for the fiscal years ended June 30, 2022 and June 30, 2021, respectively including fees associated with the annual audits and filings of Form N-1A and Form N-CEN. |
Audit-Related Fees
The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported under paragraph (a) of this Item are $17,200 and $10,000 for the fiscal years ended June 30, 2022 and June 30, 2021, respectively. The fees for the June 30, 2022 and June 30, 2021 fiscal years relate to the review of Form N-14 and N-1A filings.
Tax Fees
(c) | The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning were $69,430 and $49,570 for the fiscal years ended June 30, 2022 and June 30, 2021, respectively. The fees relate to the preparation of federal income and excise tax returns, review of capital gains distribution calculations and tax agent services. |
All Other Fees
(d) | The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $18,512 and $26,999 for the fiscal years ended June 30, 2022 and June 30, 2021, respectively. The fees relate to the PFIC Analyzer and Global Withholding Tax Reporter subscriptions. |
(e)(1) | Disclose the audit committee's pre-approval policies and procedures described in paragraph (c)(7) of Rule 2-01 of Regulation S-X. |
The Audit Committee’s pre-approval policies describe the types of audit, audit-related, tax and other services that have the general pre-approval of the Audit Committee. The pre-approval policies provide that annual audit service fees, tax services not specifically granted pre-approval, services exceeding pre-approved cost levels and other services that have not received general pre-approval will be subject to specific pre-approval by the Audit Committee. The pre-approval policies further provide that the Committee may grant general pre-approval to other audit services (statutory audits and services associated with SEC registration statements, periodic reports and other documents filed with the SEC or other documents issued in connection with securities offerings), audit-related services (accounting consultations related to accounting, financial reporting or disclosure matters not classified as “audit services,” assistance with understanding and implementing new accounting and financial reporting guidance from rulemaking authorities, agreed-upon or expanded audit procedures related to accounting and/or billing records required to respond to or comply with financial, accounting or regulatory reporting matters and assistance with internal control reporting requirements under Form N-CSR), tax services that have historically been provided by the auditor that the Committee believes would not impair the independence of the auditor and are consistent with the SEC’s rules on auditor independence and permissible non-audit services classified as “all other services” that are routine and recurring services.
(e)(2) | All services described in paragraphs (b) through (d) of Item 4 were approved by the audit committee. |
(f) | The percentage of hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant's full-time, permanent employees was less than fifty percent. |
(g) | The aggregate non-audit fees for Touchstone Strategic Trust (June Funds) and certain entities*, totaled approximately $551,319 and $499,534 for the fiscal years ended June 30, 2022 and June 30, 2021, respectively. |
* These include the advisors (excluding sub-advisors) and any entity controlling, controlled by or under common control with the advisors that provides ongoing services to the registrant (Funds).
(h) | The registrant's audit committee of the Board of Trustees has considered whether the provision of non-audit services that were rendered to the registrant's investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant's independence. |
(i) | Not applicable. |
(j) | 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) | Code of ethics, and any amendment thereto, that is the subject of disclosure required by Item 2 is attached hereto. |
(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)(3) | Not applicable. |
(a)(4) | 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 | September 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 | September 1, 2022 |
By (Signature and Title)* | /s/ Terrie A. Wiedenheft | |
Terrie A. Wiedenheft, Controller and Treasurer | ||
(principal financial officer) |
Date | September 1, 2022 |
* Print the name and title of each signing officer under his or her signature.