UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-03651
Touchstone Strategic Trust - March Funds
(Exact name of registrant as specified in charter)
303 Broadway, Suite 1100
Cincinnati, Ohio 45202-4203
(Address of principal executive offices) (Zip code)
E. Blake Moore Jr.
303 Broadway, Suite 1100
Cincinnati, Ohio 45202-4203
(Name and address of agent for service)
Registrant's telephone number, including area code: 800-638-8194
Date of fiscal year end: March 31
Date of reporting period: September 30, 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 Flexible Income Fund |
Touchstone Focused Fund |
Touchstone Growth Opportunities Fund |
Touchstone Mid Cap Growth Fund |
Touchstone Non-US ESG Equity Fund (formerly Touchstone Global ESG Equity Fund) |
Touchstone Sands Capital Emerging Markets Growth Fund |
Touchstone Strategic Income Opportunities Fund |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 15.3% |
AA/Aa | 0.2 |
A/A | 8.8 |
BBB/Baa | 12.9 |
BB/Ba | 4.3 |
B/B | 3.2 |
CCC | 0.3 |
Not Rated | 55.0 |
Total | 100.0% |
Credit Quality*(% of Preferred Stocks) | |
A/A | 3.9% |
BBB/Baa | 53.2 |
BB/Ba | 27.5 |
Not Rated | 15.4 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Fixed Income Securities | 57.7% |
Preferred Stocks | |
Financials | 6.1 |
Utilities | 1.4 |
Energy | 0.3 |
Investment Funds | 6.6 |
Rights | 0.0 |
Short-Term Investment Funds | 22.4 |
Short-Term U.S. Treasury Obligations | 3.3 |
Other Assets/Liabilities (Net) | 2.2 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Information Technology | 24.3% |
Health Care | 15.1 |
Financials | 12.3 |
Consumer Discretionary | 11.5 |
Communication Services | 9.7 |
Industrials | 8.2 |
Consumer Staples | 5.9 |
Real Estate | 2.5 |
Energy | 2.3 |
Materials | 1.2 |
Short-Term Investment Fund | 7.1 |
Other Assets/Liabilities (Net) | (0.1) |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Information Technology | 38.4% |
Consumer Discretionary | 13.2 |
Health Care | 13.2 |
Communication Services | 11.5 |
Industrials | 9.4 |
Financials | 6.9 |
Consumer Staples | 2.5 |
Materials | 1.7 |
Real Estate | 1.5 |
Energy | 1.5 |
Short-Term Investment Fund | 2.2 |
Other Assets/Liabilities (Net) | (2.0) |
Total | 100.0% |
Sector Allocation*(% of Net Assets) | |
Information Technology | 27.3% |
Industrials | 18.2 |
Health Care | 17.1 |
Consumer Discretionary | 13.8 |
Financials | 9.4 |
Communication Services | 5.0 |
Real Estate | 3.7 |
Energy | 3.2 |
Materials | 1.3 |
Short-Term Investment Funds | 0.9 |
Other Assets/Liabilities (Net) | 0.1 |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
United States | 16.2% |
Japan | 15.2 |
France | 12.1 |
United Kingdom | 9.2 |
Sweden | 7.4 |
South Korea | 6.3 |
Singapore | 5.2 |
Switzerland | 4.7 |
India | 3.9 |
China | 3.5 |
Canada | 3.4 |
Taiwan | 3.0 |
Germany | 2.4 |
Thailand | 1.7 |
Netherlands | 1.6 |
Denmark | 1.0 |
Preferred Stocks | 2.2 |
Short-Term Investment Funds | 3.1 |
Other Assets/Liabilities (Net) | (2.1) |
Total | 100.0% |
Geographic Allocation(% of Net Assets) | |
Common Stocks | |
India | 36.2% |
China | 20.2 |
Brazil | 15.5 |
Taiwan | 8.2 |
Indonesia | 3.4 |
Hong Kong | 3.1 |
Argentina | 2.9 |
South Korea | 1.8 |
United States | 1.6 |
Thailand | 1.5 |
Kazakhstan | 1.4 |
Uruguay | 1.0 |
Rights | 0.0 |
Short-Term Investment Funds | 5.1 |
Other Assets/Liabilities (Net) | (1.9) |
Total | 100.0% |
Credit Quality*(% of Fixed Income Securities) | |
AAA/Aaa | 9.0% |
A/A | 16.4 |
BBB/Baa | 47.9 |
BB/Ba | 13.9 |
B/B | 9.9 |
CCC | 2.4 |
Not Rated | 0.5 |
Total | 100.0% |
Sector Allocation**(% of Net Assets) | |
Corporate Bonds | 53.7% |
Asset-Backed Securities | 19.2 |
U.S. Treasury Obligations | 8.6 |
Common Stocks | |
Information Technology | 0.9 |
Financials | 0.9 |
Industrials | 0.8 |
Materials | 0.6 |
Energy | 0.5 |
Health Care | 0.4 |
Consumer Staples | 0.4 |
Communication Services | 0.3 |
Sovereign Government Obligations | 4.1 |
Commercial Mortgage-Backed Securities | 3.9 |
Non-Agency Collateralized Mortgage Obligations | 2.6 |
Preferred Stocks | |
Financials | 1.3 |
Agency Collateralized Mortgage Obligations | 0.5 |
Rights | 0.0 |
Short-Term Investment Fund | 0.4 |
Other Assets/Liabilities (Net) | 0.9 |
Total | 100.0% |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 29.6% | ||||
$ 47,295,155 | FHLMC Multifamily Structured Pass Through Certificates, Ser K109, Class X1, 1.699%, 4/25/30(A)(B)(C) | $ 4,246,807 | ||
34,484,614 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X1, 1.814%, 4/25/30(A)(B)(C) | 3,277,569 | ||
7,005,157 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X3, 3.521%, 6/25/48(A)(B)(C) | 1,357,333 | ||
28,800,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class XAM, 1.985%, 4/25/30(A)(B)(C) | 3,234,764 | ||
34,671,948 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X1, 1.680%, 5/25/30(A)(B)(C) | 3,160,653 | ||
19,436,545 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X3, 3.286%, 4/25/48(A)(B)(C) | 3,577,049 | ||
35,663,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class XAM, 1.906%, 5/25/30(A)(B)(C) | 3,902,121 | ||
66,813,913 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X1, 1.535%, 5/25/30(A)(B)(C) | 5,614,834 | ||
15,300,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X3, 3.105%, 7/25/48(A)(B)(C) | 2,664,989 | ||
10,630,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class XAM, 1.766%, 5/25/30(A)(B)(C) | 1,081,101 | ||
10,743,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K113, Class XAM, 1.693%, 6/25/30(A)(B)(C) | 1,049,070 | ||
19,500,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K114, Class X3, 2.830%, 8/25/48(A)(B)(C) | 3,087,051 | ||
21,702,896 | FHLMC Multifamily Structured Pass Through Certificates, Ser K115, Class X3, 3.060%, 9/25/48(A)(B)(C) | 3,740,900 | ||
26,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K116, Class X3, 3.125%, 9/25/47(A)(B)(C) | 4,618,609 | ||
39,700,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K117, Class XAM, 1.532%, 9/25/30(A)(B)(C) | 3,602,013 | ||
24,368,853 | FHLMC Multifamily Structured Pass Through Certificates, Ser K118, Class X3, 2.786%, 10/25/48(A)(B)(C) | 3,742,456 | ||
4,900,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K119, Class X3, 2.822%, 9/25/48(A)(B)(C) | 795,428 | ||
11,576,808 | FHLMC Multifamily Structured Pass Through Certificates, Ser K120, Class X3, 2.835%, 11/25/48(A)(B)(C) | 1,898,337 | ||
16,073,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K121, Class X3, 2.867%, 11/25/48(A)(B)(C) | 2,697,816 | ||
9,700,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Class X3, 2.722%, 1/25/49(A)(B)(C) | 1,526,809 | ||
7,569,056 | FHLMC Multifamily Structured Pass Through Certificates, Ser K123, Class X3, 2.719%, 2/25/49(A)(B)(C) | 1,207,370 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 29.6% (Continued) | ||||
$ 9,255,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K124, Class X3, 2.711%, 2/25/49(A)(B)(C) | $ 1,482,152 | ||
16,150,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K125, Class X3, 2.745%, 2/25/49(A)(B)(C) | 2,626,460 | ||
38,058,448 | FHLMC Multifamily Structured Pass Through Certificates, Ser K127, Class X3, 2.745%, 3/25/49(A)(B)(C) | 6,228,809 | ||
18,230,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K128, Class X3, 2.878%, 4/25/31(A)(B)(C) | 3,148,305 | ||
10,595,456 | FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class X3, 3.203%, 8/25/48(A)(B)(C) | 2,105,451 | ||
41,864,611 | FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class XAM, 1.321%, 7/25/31(A)(B)(C) | 3,505,466 | ||
10,451,281 | FHLMC Multifamily Structured Pass Through Certificates, Ser K131, Class X3, 3.048%, 9/25/31(A)(B)(C) | 1,985,324 | ||
29,501,666 | FHLMC Multifamily Structured Pass Through Certificates, Ser K132, Class X3, 2.987%, 8/25/31(A)(B)(C) | 5,530,919 | ||
9,413,138 | FHLMC Multifamily Structured Pass Through Certificates, Ser K134, Class X3, 2.752%, 10/25/49(A)(B)(C) | 1,639,531 | ||
219,924,734 | FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class X1, 0.496%, 12/25/31(A)(B)(C) | 5,738,320 | ||
21,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class X3, 2.923%, 12/25/31(A)(B)(C) | 3,929,331 | ||
96,675,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class XAM, 0.665%, 12/25/31(A)(B)(C) | 3,942,813 | ||
19,801,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K137, Class X3, 2.978%, 1/25/49(A)(B)(C) | 3,771,564 | ||
31,585,759 | FHLMC Multifamily Structured Pass Through Certificates, Ser K139, Class X3, 3.140%, 2/25/49(A)(B)(C) | 6,386,549 | ||
97,300,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K139, Class XAM, 0.871%, 2/25/32(A)(B)(C) | 5,508,075 | ||
31,370,856 | FHLMC Multifamily Structured Pass Through Certificates, Ser K140, Class X3, 3.046%, 3/25/49(A)(B)(C) | 6,146,473 | ||
10,400,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K143, Class X3, 3.248%, 4/25/50(A)(B)(C) | 2,079,371 | ||
5,835,659 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1515, Class X3, 3.806%, 3/25/38(A)(B)(C) | 1,688,944 | ||
18,435,033 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1516, Class X3, 3.575%, 10/25/38(A)(B)(C) | 5,121,610 | ||
34,930,496 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X1, 1.443%, 7/25/35(A)(B)(C) | 3,995,196 | ||
52,485,811 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X3, 3.394%, 8/25/38(A)(B)(C) | 13,720,846 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 29.6% (Continued) | ||||
$ 11,201,391 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1519, Class X3, 2.897%, 12/25/38(A)(B)(C) | $ 2,664,572 | ||
54,903,059 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, Class X1, 0.578%, 2/25/36(A)(B)(C) | 2,300,850 | ||
5,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, Class X3, 3.199%, 4/25/39(A)(B)(C) | 1,307,941 | ||
54,010,502 | FHLMC Multifamily Structured Pass Through Certificates, Ser K-1521, Class X1, 1.095%, 8/25/36(A)(B)(C) | 4,739,994 | ||
15,100,238 | FHLMC Multifamily Structured Pass Through Certificates, Ser K739, Class X3, 2.904%, 11/25/48(A)(B)(C) | 1,672,628 | ||
16,196,664 | FHLMC Multifamily Structured Pass Through Certificates, Ser K741, Class X3, 2.533%, 3/25/49(A)(B)(C) | 1,655,375 | ||
16,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K742, Class X3, 2.685%, 4/25/28(A)(B)(C) | 1,810,019 | ||
9,500,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K743, Class X3, 3.056%, 6/25/49(A)(B)(C) | 1,256,849 | ||
39,018,396 | FHLMC Multifamily Structured Pass Through Certificates, Ser K744, Class X3, 3.069%, 8/25/49(A)(B)(C) | 5,364,600 | ||
47,774,075 | FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class X3, 2.766%, 9/25/49(A)(B)(C) | 6,064,976 | ||
146,903,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class XAM, 1.103%, 9/25/28(A)(B)(C) | 7,351,540 | ||
155,000,000 | FHLMC Multifamily Structured Pass Through Certificates, Ser K746, Class XAM, 0.674%, 10/25/28(A)(B)(C) | 4,643,583 | ||
52,159,495 | FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Class X3, 2.638%, 12/25/49(A)(B)(C) | 6,538,574 | ||
30,729,577 | FRESB Mortgage Trust, Ser 2020-SB79, Class X1, 1.196%, 7/25/40(A)(B)(C) | 1,447,824 | ||
43,783,481 | FRESB Mortgage Trust, Ser 2020-SB81, Class X1, 1.158%, 10/25/40(A)(B)(C) | 1,883,522 | ||
37,545,629 | FRESB Mortgage Trust, Ser 2021-SB82, Class X1, 1.198%, 10/25/40(A)(B)(C) | 1,350,734 | ||
51,227,110 | FRESB Mortgage Trust, Ser 2021-SB83, Class X1, 0.975%, 1/25/41(A)(B)(C) | 1,776,479 | ||
29,394,552 | FRESB Mortgage Trust, Ser 2021-SB84, Class X1, 0.613%, 1/25/41(A)(B)(C) | 733,911 | ||
71,935,313 | FRESB Mortgage Trust, Ser 2021-SB85, Class X1, 0.508%, 3/25/41(A)(B)(C) | 1,579,879 | ||
85,583,490 | FRESB Mortgage Trust, Ser 2021-SB87, Class X1, 0.768%, 4/25/41(A)(B)(C) | 2,472,670 | ||
85,356,281 | FRESB Mortgage Trust, Ser 2021-SB88, Class X1, 0.835%, 5/25/41(A)(B)(C) | 2,715,542 | ||
132,355,263 | FRESB Mortgage Trust, Ser 2022-SB94, Class X1, 0.159%, 11/25/41(A)(B)(C) | 2,347,096 | ||
140,738,825 | FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB86, Class X1, 0.456%, 3/25/41(A)(B)(C) | 3,289,756 | ||
64,991,079 | FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB89, Class X1, 0.707%, 6/25/41(A)(B)(C) | 1,855,593 |
Principal Amount | Market Value | |||
Agency Collateralized Mortgage Obligations — 29.6% (Continued) | ||||
$ 4,002,274 | GNMA, Ser 2012-147, Class IO, 0.553%, 4/16/54(A)(B)(C) | $ 55,123 | ||
10,315,821 | GNMA, Ser 2016-110, Class IO, 0.932%, 5/16/58(A)(B)(C) | 444,932 | ||
20,166,692 | GNMA, Ser 2016-158, Class IO, 0.762%, 6/16/58(A)(B)(C) | 743,604 | ||
15,149,963 | GNMA, Ser 2016-52, Class IO, 0.749%, 3/16/58(A)(B)(C) | 522,956 | ||
20,046,170 | GNMA, Ser 2017-76, Class IO, 0.819%, 12/16/56(A)(B)(C) | 874,059 | ||
16,199,247 | GNMA, Ser 2017-94, Class IO, 0.586%, 2/16/59(A)(B)(C) | 587,556 | ||
Total Agency Collateralized Mortgage Obligations | $222,417,325 | |||
Corporate Bonds — 25.2% | ||||
Financials — 13.2% | ||||
10,181,000 | Ally Financial, Inc., Ser B, 4.700%(D) | 7,940,207 | ||
17,332,000 | Ally Financial, Inc., Ser C, 4.700%(D) | 12,349,050 | ||
3,363,000 | Bank of New York Mellon Corp. (The), Ser G, 4.700%(D) | 3,220,072 | ||
20,834,000 | Charles Schwab Corp. (The), Ser G, 5.375%(D) | 20,261,065 | ||
4,456,000 | Citigroup, Inc., Ser W, 4.000%(D) | 3,743,664 | ||
12,311,000 | Citizens Financial Group, Inc., Ser F, 5.650%(D) | 12,045,590 | ||
6,460,000 | Fifth Third Bancorp, Ser L, 4.500%(D) | 5,942,657 | ||
5,624,000 | FS KKR Capital Corp., 2.625%, 1/15/27 | 4,543,066 | ||
3,013,000 | Prudential Financial, Inc., 6.000%, 9/1/52 | 2,813,136 | ||
13,854,000 | Regions Financial Corp., Ser D, 5.750%(D) | 13,583,655 | ||
13,487,000 | UBS Group AG (Switzerland), 144a, 4.490%, 8/5/25 | 13,161,128 | ||
99,603,290 | ||||
Utilities — 6.3% | ||||
15,329,000 | Edison International, Ser A, 5.375%(D) | 12,703,909 | ||
10,195,000 | Pacific Gas and Electric Co., 3.250%, 2/16/24 | 9,840,986 | ||
26,607,000 | Sempra Energy, 4.875%(D) | 24,618,177 | ||
47,163,072 | ||||
Energy — 4.6% | ||||
26,637,000 | BP Capital Markets PLC (United Kingdom), 4.875%(D) | 22,834,920 | ||
4,101,000 | Enbridge, Inc. (Canada), 2.150%, 2/16/24 | 3,941,610 | ||
3,796,000 | Energy Transfer LP, (3M LIBOR +3.018%), 5.800%, 11/1/66(B) | 2,871,538 | ||
5,566,000 | Energy Transfer LP, Ser G, 7.125%(D) | 4,572,310 | ||
34,220,378 | ||||
Consumer Discretionary — 1.1% | ||||
3,304,000 | Magallanes, Inc., 144a, 3.428%, 3/15/24 | 3,193,001 | ||
5,184,000 | Marriott Ownership Resorts, Inc., 144a, 6.125%, 9/15/25 | 5,068,845 | ||
8,261,846 | ||||
Total Corporate Bonds | $189,248,586 |
Shares | ||||
Preferred Stocks — 7.8% | ||||
Financials — 6.1% | ||||
645,459 | AGNC Investment Corp. REIT, Ser F, 6.125%(D) | 12,431,541 | ||
523,136 | Annaly Capital Management, Inc. REIT, Ser I, 6.750%(D) | 11,378,208 | ||
254,594 | National Rural Utilities Cooperative Finance Corp., Ser US, 5.500%, 5/15/64† | 5,639,257 | ||
133,775 | Reinsurance Group of America, Inc., 7.125%, 10/15/52 | 3,361,766 | ||
290,000 | Rithm Capital Corp. REIT, Ser D, 7.000%(D) | 5,591,200 | ||
135,574 | Stifel Financial Corp., 5.200%, 10/15/47† | 3,111,423 | ||
189,753 | Virtus Convertible & Income Fund, Ser A, 5.625%(D) | 4,276,084 | ||
45,789,479 |
Shares | MarketValue | |||
Preferred Stocks — 7.8% (Continued) | ||||
Utilities — 1.4% | ||||
349,698 | Brookfield Renewable Partners LP (Canada), Ser 17, 5.250%(D)† | $ 6,857,578 | ||
22,982 | Duke Energy Corp., Ser A, 5.750%(D) | 551,338 | ||
128,895 | Entergy Louisiana LLC, 4.875%, 9/1/66 | 2,960,718 | ||
1,065 | Entergy Mississippi LLC, 4.900%, 10/1/66 | 24,836 | ||
670 | Entergy New Orleans LLC, 5.000%, 12/1/52 | 15,490 | ||
10,409,960 | ||||
Energy — 0.3% | ||||
87,656 | Enbridge, Inc. (Canada), Ser 5, 5.375%(D) | 1,796,948 | ||
32,865 | Enbridge, Inc. (Canada), Ser L, 5.858%(D) | 650,398 | ||
2,447,346 | ||||
Total Preferred Stocks | $58,646,785 | |||
Investment Funds — 6.6% | ||||
241,449 | Allspring Income Opportunities±† | 1,496,984 | ||
628,502 | BlackRock Corporate High Yield Fund, Inc.±† | 5,373,692 | ||
67,704 | BlackRock Credit Allocation Income Trust± | 645,896 | ||
43,001 | BlackRock Debt Strategies Fund, Inc.± | 383,569 | ||
85,396 | BlackRock Ltd. Duration Income Trust± | 1,033,292 | ||
104,415 | BlackRock MuniHoldings Fund, Inc.± | 1,174,669 | ||
505,512 | BlackRock MuniVest Fund, Inc.± | 3,356,600 | ||
172,081 | BlackRock MuniYield Quality Fund III, Inc.± | 1,794,805 | ||
56,817 | Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.± | 1,028,388 | ||
189,593 | Eaton Vance Municipal Bond Fund± | 1,835,260 | ||
89,857 | First Trust High Income Long/Short Fund± | 974,050 | ||
2,198 | First Trust Intermediate Duration Preferred & Income Fund± | 36,443 | ||
507,523 | Invesco Municipal Opportunity Trust± | 4,623,534 | ||
217,392 | Invesco Municipal Trust± | 1,986,963 | ||
313,468 | Invesco Senior Income Trust±† | 1,166,101 | ||
402,637 | Invesco Trust for Investment Grade Municipals± | 3,768,682 | ||
409,964 | Nuveen AMT-Free Quality Municipal Income Fund±† | 4,345,618 | ||
733,373 | Nuveen Credit Strategies Income Fund± | 3,747,536 | ||
271,927 | Nuveen Preferred & Income Opportunities Fund± | 1,889,893 | ||
135,292 | Nuveen Preferred & Income Securities Fund± | 888,868 | ||
347,705 | Nuveen Quality Municipal Income Fund± | 3,824,755 | ||
879,731 | Western Asset High Income Opportunity Fund, Inc.± | 3,237,410 | ||
123,397 | Western Asset High Yield Defined Opportunity Fund, Inc.±† | 1,383,280 | ||
Total Investment Funds | $49,996,288 |
Principal Amount | ||||
Asset-Backed Securities — 1.8% | ||||
$ 426,188 | ARI Fleet Lease Trust, Ser 2018-B, Class A3, 144a, 3.430%, 8/16/27 | 422,797 | ||
8,744 | Arivo Acceptance Auto Loan Receivables Trust, Ser 2019-1, Class A, 144a, 2.990%, 7/15/24 | 8,739 | ||
485,807 | Carmax Auto Owner Trust, Ser 2021-1, Class A3, 0.340%, 12/15/25 | 470,181 | ||
237,543 | Dell Equipment Finance Trust, Ser 2021-1, Class A2, 144a, 0.330%, 5/22/26 | 236,239 | ||
32,382 | Flagship Credit Auto Trust, Ser 2021-1, Class A, 144a, 0.310%, 6/16/25 | 32,123 | ||
705,000 | GLS Auto Receivables Issuer Trust, Ser 2021-2A, Class C, 144a, 1.080%, 6/15/26 | 673,137 | ||
232,879 | Mid-State Capital Corp. Trust, Ser 2005-1, Class M2, 7.079%, 1/15/40 | 231,983 | ||
3,951,680 | Mountain View CLO X Ltd. (Cayman Islands), Ser 2015-10A, Class AR, 144a, (3M LIBOR +0.820%), 3.275%, 10/13/27(B) | 3,922,675 |
Principal Amount | MarketValue | |||
Asset-Backed Securities — 1.8% (Continued) | ||||
$ 750,000 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-1A, Class B, 144a, (3M LIBOR +1.800%), 4.510%, 4/20/29(B) | $ 706,428 | ||
3,000,000 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-1A, Class D, 144a, (3M LIBOR +6.000%), 8.710%, 4/20/29(B) | 2,645,817 | ||
321,746 | Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-3A, Class A1, 144a, (3M LIBOR +0.800%), 3.510%, 7/20/29(B) | 315,365 | ||
65,000 | Tesla Auto Lease Trust, Ser 2020-A, Class A4, 144a, 0.780%, 12/20/23 | 64,076 | ||
1,519,506 | Verizon Owner Trust, Ser 2020-A, Class A1A, 1.850%, 7/22/24 | 1,511,404 | ||
677,144 | Welk Resorts LLC, Ser 2017-AA, Class A, 144a, 2.820%, 6/15/33 | 670,943 | ||
1,919,539 | Westlake Automobile Receivables Trust, Ser 2021-2A, 144a, 0.320%, 4/15/25 | 1,897,815 | ||
Total Asset-Backed Securities | $13,809,722 | |||
Non-Agency Collateralized Mortgage Obligations — 0.8% | ||||
56,076 | Bear Stearns Asset Backed Securities Trust, Ser 2003-AC7, Class A2, 5.750%, 1/25/34(B)(C) | 47,214 | ||
4,961 | Merrill Lynch Mortgage Investors Trust, Ser 2003-A1, Class 2A, (12M LIBOR +1.625%), 5.785%, 12/25/32(B) | 4,687 | ||
111,233 | Morgan Stanley Mortgage Loan Trust, Ser 2004-7AR, Class 2A6, 3.614%, 9/25/34(B)(C) | 110,274 | ||
9,750 | RALI Series Trust, Ser 2004-QS6, Class A1, 5.000%, 5/25/19 | 9,090 | ||
6,179,956 | Redwood Funding Trust, Ser 2020-1, Class A, 144a, 4.750%, 7/27/59(B)(C) | 6,090,521 | ||
Total Non-Agency Collateralized Mortgage Obligations | $6,261,786 | |||
Commercial Mortgage-Backed Securities — 0.3% | ||||
29,665,741 | BANK, Ser 2020-BN26, Class XA, 1.343%, 3/15/63(A)(B)(C) | 1,884,513 |
Number of Rights | ||||
Rights — 0.0% | ||||
Financials — 0.0% | ||||
628,502 | BlackRock Corporate High Yield Fund, Inc., 10/13/22*† | 1,257 |
Shares | ||||
Short-Term Investment Funds — 22.4% | ||||
166,324,849 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 166,324,849 | ||
2,250,924 | Invesco Government & Agency Portfolio, Institutional Class, 2.88%∞Ω** | 2,250,924 | ||
Total Short-Term Investment Funds | $168,575,773 |
Principal Amount | MarketValue | |||
Short-Term U.S. Treasury Obligations — 3.3% | ||||
$ 25,000,000 | U.S. Treasury Bills, 1.444%, 2/23/23# | $ 24,649,998 | ||
Total Short-Term Securities | $193,225,771 | |||
Total Investment Securities—97.8% (Cost $832,097,924) | $735,492,033 | |||
Other Assets in Excess of Liabilities — 2.2% | 16,287,275 | |||
Net Assets — 100.0% | $751,779,308 |
(A) | 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. |
(B) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2022. |
(C) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(D) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
± | Closed-end Fund. |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2022 was $2,144,280. |
# | Zero coupon bond - Rate shown reflects effective yield to maturity at time of purchase. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
AMT – Alternative Minimum Tax |
CLO – Collateralized Loan Obligation |
FHLMC – Federal Home Loan Mortgage Corporation |
FRESB – Freddie Mac Multifamily Securitization Small Balance Loan |
GNMA – Government National Mortgage Association |
IO – Interest Only |
LIBOR – London Interbank Offered Rate |
LLC – Limited Liability Company |
LP – Limited Partnership |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2022, these securities were valued at $39,109,649 or 5.2% 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 |
Agency Collateralized Mortgage Obligations | $— | $222,417,325 | $— | $222,417,325 |
Corporate Bonds | — | 189,248,586 | — | 189,248,586 |
Preferred Stocks | 55,269,529 | 3,377,256 | — | 58,646,785 |
Investment Funds | 49,996,288 | — | — | 49,996,288 |
Asset-Backed Securities | — | 13,809,722 | — | 13,809,722 |
Non-Agency Collateralized Mortgage Obligations | — | 6,261,786 | — | 6,261,786 |
Commercial Mortgage-Backed Securities | — | 1,884,513 | — | 1,884,513 |
Rights | 1,257 | — | — | 1,257 |
Short-Term Investment Funds | 168,575,773 | — | — | 168,575,773 |
Short-Term U.S. Treasury Obligations | — | 24,649,998 | — | 24,649,998 |
Total | $273,842,847 | $461,649,186 | $— | $735,492,033 |
Shares | Market Value | |||
Common Stocks — 93.0% | ||||
Information Technology — 24.3% | ||||
433,946 | Apple, Inc. | $ 59,971,337 | ||
293,550 | Microsoft Corp. | 68,367,795 | ||
257,624 | Oracle Corp. | 15,733,098 | ||
116,335 | PayPal Holdings, Inc.* | 10,012,953 | ||
129,288 | salesforce, Inc.* | 18,596,786 | ||
183,412 | SS&C Technologies Holdings, Inc. | 8,757,923 | ||
114,131 | Texas Instruments, Inc. | 17,665,196 | ||
100,160 | Visa, Inc. - Class A | 17,793,424 | ||
67,768 | Workday, Inc. - Class A* | 10,315,645 | ||
227,214,157 | ||||
Health Care — 15.1% | ||||
136,341 | AmerisourceBergen Corp. | 18,451,028 | ||
196,209 | BioMarin Pharmaceutical, Inc.* | 16,632,637 | ||
314,456 | Bristol-Myers Squibb Co. | 22,354,677 | ||
86,671 | HCA Healthcare, Inc. | 15,929,263 | ||
191,981 | Johnson & Johnson | 31,362,016 | ||
71,297 | UnitedHealth Group, Inc. | 36,007,837 | ||
140,737,458 | ||||
Financials — 12.3% | ||||
748,902 | Bank of America Corp. | 22,616,840 | ||
153,382 | Berkshire Hathaway, Inc. - Class B* | 40,956,062 | ||
83,304 | Goldman Sachs Group, Inc. (The) | 24,412,237 | ||
54,261 | LPL Financial Holdings, Inc. | 11,854,943 | ||
13,475 | Markel Corp.* | 14,609,865 | ||
114,449,947 | ||||
Consumer Discretionary — 11.5% | ||||
82,496 | Airbnb, Inc. - Class A* | 8,665,380 | ||
72,279 | Alibaba Group Holding Ltd. (China) ADR* | 5,781,597 | ||
315,140 | Amazon.com, Inc.* | 35,610,820 | ||
206,190 | Choice Hotels International, Inc. | 22,581,929 | ||
101,262 | Cracker Barrel Old Country Store, Inc. | 9,374,836 | ||
99,985 | Floor & Decor Holdings, Inc. - Class A* | 7,024,946 | ||
282,752 | Frontdoor, Inc.* | 5,765,313 | ||
104,145 | Hilton Worldwide Holdings, Inc. | 12,561,970 | ||
107,366,791 | ||||
Communication Services — 9.7% | ||||
461,834 | Alphabet, Inc. - Class C* | 44,405,339 | ||
428,212 | Comcast Corp. - Class A | 12,559,458 | ||
114,411 | Fox Corp. - Class A | 3,510,129 | ||
156,010 | Meta Platforms, Inc. - Class A* | 21,167,437 | ||
36,268 | Netflix, Inc.* | 8,538,938 | ||
90,181,301 | ||||
Industrials — 8.2% | ||||
134,971 | Allegiant Travel Co.* | 9,850,183 | ||
74,184 | Boeing Co. (The)* | 8,982,199 | ||
19,747 | Deere & Co. | 6,593,326 | ||
62,638 | Hexcel Corp. | 3,239,637 |
Shares | Market Value | |||
Industrials — (Continued) | ||||
119,016 | Hubbell, Inc. | $ 26,540,568 | ||
258,478 | Raytheon Technologies Corp. | 21,159,009 | ||
76,364,922 | ||||
Consumer Staples — 5.9% | ||||
326,549 | Coca-Cola Femsa SAB de CV (Mexico) ADR | 19,067,196 | ||
212,153 | Monster Beverage Corp.* | 18,448,825 | ||
213,062 | Philip Morris International, Inc. | 17,686,277 | ||
55,202,298 | ||||
Real Estate — 2.5% | ||||
460,165 | Americold Realty Trust, Inc. REIT | 11,320,059 | ||
80,075 | Jones Lang LaSalle, Inc.* | 12,096,930 | ||
23,416,989 | ||||
Energy — 2.3% | ||||
251,542 | Exxon Mobil Corp. | 21,962,132 | ||
Materials — 1.2% | ||||
227,014 | DuPont de Nemours, Inc. | 11,441,506 | ||
Total Common Stocks | $868,337,501 | |||
Short-Term Investment Fund — 7.1% | ||||
66,512,193 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 66,512,193 | ||
Total Investment Securities—100.1% (Cost $650,047,655) | $934,849,694 | |||
Liabilities in Excess of Other Assets — (0.1%) | (1,063,492) | |||
Net Assets — 100.0% | $933,786,202 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 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 | $868,337,501 | $— | $— | $868,337,501 |
Short-Term Investment Fund | 66,512,193 | — | — | 66,512,193 |
Total | $934,849,694 | $— | $— | $934,849,694 |
Shares | Market Value | |||
Common Stocks — 99.8% | ||||
Information Technology — 38.4% | ||||
82,806 | Apple, Inc. | $ 11,443,789 | ||
18,318 | Applied Materials, Inc. | 1,500,794 | ||
5,450 | Atlassian Corp. PLC - Class A* | 1,147,716 | ||
21,615 | Ceridian HCM Holding, Inc.* | 1,207,846 | ||
33,218 | Fortinet, Inc.* | 1,632,000 | ||
24,805 | Global Payments, Inc. | 2,680,180 | ||
4,697 | HubSpot, Inc.* | 1,268,754 | ||
3,008 | Lam Research Corp. | 1,100,928 | ||
52,713 | Marvell Technology, Inc. | 2,261,915 | ||
29,517 | Microsoft Corp. | 6,874,509 | ||
13,675 | NVIDIA Corp. | 1,660,008 | ||
22,125 | Okta, Inc.* | 1,258,249 | ||
13,749 | QUALCOMM, Inc. | 1,553,362 | ||
15,162 | salesforce, Inc.* | 2,180,902 | ||
6,772 | ServiceNow, Inc.* | 2,557,175 | ||
19,755 | Visa, Inc. - Class A | 3,509,476 | ||
12,751 | Workday, Inc. - Class A* | 1,940,957 | ||
45,778,560 | ||||
Consumer Discretionary — 13.2% | ||||
54,266 | Amazon.com, Inc.* | 6,132,058 | ||
1,211 | Chipotle Mexican Grill, Inc.* | 1,819,842 | ||
9,569 | Home Depot, Inc. (The) | 2,640,470 | ||
5,260 | Lululemon Athletica, Inc.* | 1,470,486 | ||
71,198 | MGM Resorts International | 2,116,004 | ||
5,996 | Tesla, Inc.* | 1,590,439 | ||
15,769,299 | ||||
Health Care — 13.2% | ||||
24,888 | Ascendis Pharma A/S (Denmark) ADR* | 2,569,935 | ||
4,597 | Bio-Rad Laboratories, Inc. - Class A* | 1,917,593 | ||
6,954 | Eli Lilly & Co. | 2,248,576 | ||
11,774 | ICON PLC* | 2,163,826 | ||
3,640 | IDEXX Laboratories, Inc.* | 1,185,912 | ||
5,171 | Thermo Fisher Scientific, Inc. | 2,622,679 | ||
5,851 | UnitedHealth Group, Inc. | 2,954,989 | ||
15,663,510 | ||||
Communication Services — 11.5% | ||||
81,126 | Alphabet, Inc. - Class A* | 7,759,702 | ||
24,072 | Live Nation Entertainment, Inc.* | 1,830,435 | ||
14,846 | Meta Platforms, Inc. - Class A* | 2,014,305 | ||
49,078 | ZoomInfo Technologies, Inc.* | 2,044,589 | ||
13,649,031 | ||||
Industrials — 9.4% | ||||
23,766 | Advanced Drainage Systems, Inc. | 2,955,777 | ||
16,306 | AMETEK, Inc. | 1,849,264 | ||
25,509 | ITT, Inc. | 1,666,758 | ||
4,867 | TransDigm Group, Inc. | 2,554,299 | ||
11,168 | Union Pacific Corp. | 2,175,750 | ||
11,201,848 |
Shares | Market Value | |||
Financials — 6.9% | ||||
13,205 | American Financial Group, Inc. | $ 1,623,291 | ||
9,944 | Arthur J Gallagher & Co. | 1,702,612 | ||
40,059 | Brookfield Asset Management, Inc. (Canada) - Class A | 1,638,013 | ||
10,739 | First Republic Bank | 1,401,976 | ||
22,936 | Morgan Stanley | 1,812,173 | ||
8,178,065 | ||||
Consumer Staples — 2.5% | ||||
6,401 | Costco Wholesale Corp. | 3,023,000 | ||
Materials — 1.7% | ||||
12,456 | Vulcan Materials Co. | 1,964,436 | ||
Real Estate — 1.5% | ||||
50,136 | Spirit Realty Capital, Inc. REIT | 1,812,918 | ||
Energy — 1.5% | ||||
29,732 | Devon Energy Corp. | 1,787,784 | ||
Total Common Stocks | $118,828,451 | |||
Short-Term Investment Fund — 2.2% | ||||
2,622,492 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 2,622,492 | ||
Total Investment Securities—102.0% (Cost $94,413,364) | $121,450,943 | |||
Liabilities in Excess of Other Assets — (2.0%) | (2,323,699) | |||
Net Assets — 100.0% | $119,127,244 |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $118,828,451 | $— | $— | $118,828,451 |
Short-Term Investment Fund | 2,622,492 | — | — | 2,622,492 |
Total | $121,450,943 | $— | $— | $121,450,943 |
Shares | Market Value | |||
Common Stocks — 99.0% | ||||
Information Technology — 27.3% | ||||
312,441 | Ceridian HCM Holding, Inc.* | $ 17,459,203 | ||
332,939 | Ciena Corp.* | 13,460,724 | ||
723,944 | Fortinet, Inc.* | 35,567,369 | ||
303,398 | Genpact Ltd. | 13,279,730 | ||
191,136 | Global Payments, Inc. | 20,652,245 | ||
45,302 | HubSpot, Inc.* | 12,236,976 | ||
594,397 | Lightspeed Commerce, Inc. (Canada)* | 10,449,499 | ||
387,815 | Marvell Technology, Inc. | 16,641,142 | ||
360,630 | Microchip Technology, Inc. | 22,009,249 | ||
72,699 | MongoDB, Inc.* | 14,435,113 | ||
287,799 | NetApp, Inc. | 17,800,368 | ||
105,720 | Nice Ltd. (Israel) ADR* | 19,900,733 | ||
189,296 | Palo Alto Networks, Inc.* | 31,004,792 | ||
10,565 | Splunk, Inc.* | 794,488 | ||
51,182 | Teledyne Technologies, Inc.* | 17,272,390 | ||
137,105 | Zscaler, Inc.* | 22,535,949 | ||
285,499,970 | ||||
Industrials — 18.2% | ||||
171,508 | AMETEK, Inc. | 19,450,722 | ||
211,449 | Copart, Inc. * | 22,498,174 | ||
242,155 | CoStar Group, Inc.* | 16,866,096 | ||
70,819 | FTI Consulting, Inc.* | 11,735,417 | ||
95,993 | IDEX Corp. | 19,184,201 | ||
112,943 | Rockwell Automation, Inc. | 24,295,169 | ||
46,992 | TransDigm Group, Inc. | 24,662,341 | ||
138,447 | Waste Connections, Inc. | 18,708,343 | ||
271,521 | WESCO International, Inc.* | 32,414,177 | ||
189,814,640 | ||||
Health Care — 17.1% | ||||
231,916 | Ascendis Pharma A/S (Denmark) ADR*† | 23,947,646 | ||
715,223 | Avantor, Inc.* | 14,018,371 | ||
63,197 | Cooper Cos., Inc. (The) | 16,677,688 | ||
382,781 | DexCom, Inc.* | 30,829,181 | ||
168,825 | ICON PLC* | 31,026,659 | ||
64,503 | IDEXX Laboratories, Inc.* | 21,015,077 | ||
62,365 | Insulet Corp.* | 14,306,531 | ||
129,219 | Quest Diagnostics, Inc. | 15,853,879 | ||
98,560 | Sarepta Therapeutics, Inc.* | 10,894,822 | ||
178,569,854 | ||||
Consumer Discretionary — 13.8% | ||||
144,990 | Aptiv PLC* | 11,339,668 | ||
18,390 | Chipotle Mexican Grill, Inc.* | 27,635,756 | ||
179,731 | Etsy, Inc.* | 17,996,465 | ||
223,357 | Hilton Worldwide Holdings, Inc. | 26,941,321 | ||
104,199 | Lululemon Athletica, Inc.* | 29,129,873 | ||
593,556 | Tapestry, Inc. | 16,874,797 | ||
67,625 | Vail Resorts, Inc. | 14,582,655 | ||
144,500,535 | ||||
Financials — 9.4% | ||||
122,002 | Arthur J Gallagher & Co. | 20,889,183 | ||
130,557 | First Republic Bank | 17,044,216 | ||
106,565 | LPL Financial Holdings, Inc. | 23,282,321 | ||
52,327 | MSCI, Inc. | 22,071,005 | ||
255,078 | Tradeweb Markets, Inc. - Class A | 14,391,501 | ||
97,678,226 |
Shares | Market Value | |||
Communication Services — 5.0% | ||||
242,994 | Live Nation Entertainment, Inc.* | $ 18,477,264 | ||
276,216 | Match Group, Inc.* | 13,189,314 | ||
498,066 | ZoomInfo Technologies, Inc.* | 20,749,429 | ||
52,416,007 | ||||
Real Estate — 3.7% | ||||
99,350 | Essex Property Trust, Inc. REIT | 24,065,551 | ||
170,662 | Lamar Advertising Co. REIT | 14,077,908 | ||
38,143,459 | ||||
Energy — 3.2% | ||||
547,409 | Devon Energy Corp. | 32,915,703 | ||
Materials — 1.3% | ||||
149,352 | Celanese Corp. | 13,492,460 | ||
Total Common Stocks | $1,033,030,854 | |||
Short-Term Investment Funds — 0.9% | ||||
5,700,338 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 5,700,338 | ||
3,800,610 | Invesco Government & Agency Portfolio, Institutional Class, 2.88%∞Ω** | 3,800,610 | ||
Total Short-Term Investment Funds | $9,500,948 | |||
Total Investment Securities—99.9% (Cost $1,048,673,229) | $1,042,531,802 | |||
Other Assets in Excess of Liabilities — 0.1% | 1,281,755 | |||
Net Assets — 100.0% | $1,043,813,557 |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2022 was $3,748,338. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | $1,033,030,854 | $— | $— | $1,033,030,854 |
Short-Term Investment Funds | 9,500,948 | — | — | 9,500,948 |
Total | $1,042,531,802 | $— | $— | $1,042,531,802 |
Shares | Market Value | |||
Common Stocks — 96.8% | ||||
United States — 16.2% | ||||
Financials — 3.3% | ||||
163,693 | Discover Financial Services | $ 14,882,968 | ||
Health Care — 2.9% | ||||
41,013 | Eli Lilly & Co. | 13,261,553 | ||
Information Technology — 10.0% | ||||
73,078 | Apple, Inc. | 10,099,380 | ||
79,162 | Applied Materials, Inc. | 6,485,743 | ||
86,824 | Microsoft Corp. | 20,221,309 | ||
47,449 | Visa, Inc. - Class A | 8,429,315 | ||
Total United States | 73,380,268 | |||
Japan — 15.2% | ||||
Communication Services — 2.4% | ||||
273,000 | Nintendo Co. Ltd. | 11,011,265 | ||
Consumer Discretionary — 7.0% | ||||
172,500 | Denso Corp. | 7,887,247 | ||
1,355,500 | Panasonic Corp. | 9,518,376 | ||
224,700 | Sony Group Corp. | 14,473,931 | ||
Industrials — 3.8% | ||||
304,400 | Hitachi Ltd. | 12,954,077 | ||
314,300 | Kubota Corp. | 4,367,794 | ||
Information Technology — 2.0% | ||||
36,200 | Tokyo Electron Ltd. | 8,919,496 | ||
Total Japan | 69,132,186 | |||
France — 12.1% | ||||
Energy — 4.3% | ||||
419,557 | TotalEnergies SE ADR | 19,517,792 | ||
Industrials — 4.8% | ||||
276,260 | Cie de Saint-Gobain | 9,877,846 | ||
106,421 | Schneider Electric SE | 12,020,335 | ||
Materials — 3.0% | ||||
119,882 | Air Liquide SA | 13,702,406 | ||
Total France | 55,118,379 | |||
United Kingdom — 9.2% | ||||
Financials — 5.3% | ||||
31,686,017 | Lloyds Banking Group PLC | 14,321,711 | ||
114,598 | London Stock Exchange Group PLC | 9,677,676 | ||
Industrials — 3.9% | ||||
163,814 | Ashtead Group PLC | 7,356,858 | ||
433,991 | RELX PLC | 10,604,896 | ||
Total United Kingdom | 41,961,141 | |||
Sweden — 7.4% | ||||
Financials — 5.0% | ||||
1,283,710 | Svenska Handelsbanken AB - Class A | 10,537,971 | ||
932,816 | Swedbank AB - Class A | 12,243,918 | ||
Industrials — 2.4% | ||||
764,872 | Epiroc AB - Class A | 10,941,878 | ||
Total Sweden | 33,723,767 | |||
South Korea — 6.3% | ||||
Communication Services — 3.5% | ||||
413,281 | KT Corp. ADR | 5,050,294 | ||
427,557 | KT Corp. | 10,747,717 | ||
Financials — 2.2% | ||||
327,935 | KB Financial Group, Inc. | 9,903,158 |
Shares | Market Value | |||
South Korea — (Continued) | ||||
Information Technology — 0.6% | ||||
7,150 | Samsung SDI Co. Ltd. | $ 2,689,426 | ||
Total South Korea | 28,390,595 | |||
Singapore — 5.2% | ||||
Financials — 3.3% | ||||
1,818,800 | Oversea-Chinese Banking Corp. Ltd. | 14,903,042 | ||
Real Estate — 1.9% | ||||
6,677,300 | CapitaLand Integrated Commercial Trust REIT | 8,882,039 | ||
Total Singapore | 23,785,081 | |||
Switzerland — 4.7% | ||||
Health Care — 2.6% | ||||
35,986 | Roche Holding AG | 11,714,622 | ||
Industrials — 2.1% | ||||
381,207 | ABB Ltd. ADR† | 9,781,772 | ||
Total Switzerland | 21,496,394 | |||
India — 3.9% | ||||
Financials — 3.9% | ||||
851,657 | ICICI Bank Ltd. ADR | 17,859,247 | ||
China — 3.5% | ||||
Communication Services — 1.8% | ||||
249,400 | Tencent Holdings Ltd. | 8,423,814 | ||
Consumer Discretionary — 1.7% | ||||
94,094 | Alibaba Group Holding Ltd. ADR* | 7,526,579 | ||
Total China | 15,950,393 | |||
Canada — 3.4% | ||||
Financials — 3.4% | ||||
107,373 | Intact Financial Corp. | 15,195,532 | ||
Taiwan — 3.0% | ||||
Information Technology — 3.0% | ||||
196,404 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 13,465,458 | ||
Germany — 2.4% | ||||
Industrials — 2.4% | ||||
363,512 | Deutsche Post AG | 10,956,127 | ||
Thailand — 1.7% | ||||
Industrials — 1.7% | ||||
3,909,100 | Airports of Thailand PCL* | 7,487,485 | ||
Netherlands — 1.6% | ||||
Health Care — 1.6% | ||||
457,194 | Koninklijke Philips NV | 7,039,188 | ||
Denmark — 1.0% | ||||
Industrials — 1.0% | ||||
251,954 | Vestas Wind Systems A/S | 4,639,194 | ||
Total Common Stocks | $439,580,435 | |||
Preferred Stocks — 2.2% | ||||
Germany — 2.2% | ||||
Consumer Discretionary — 2.2% | ||||
81,681 | Volkswagen AG, 5.796%(A) | 9,980,764 |
Shares | Market Value | |||
Short-Term Investment Funds — 3.1% | ||||
4,009,430 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | $ 4,009,430 | ||
9,994,733 | Invesco Government & Agency Portfolio, Institutional Class, 2.88%∞Ω** | 9,994,733 | ||
Total Short-Term Investment Funds | $14,004,163 | |||
Total Investment Securities — 102.1% (Cost $469,799,157) | $463,565,362 | |||
Liabilities in Excess of Other Assets — (2.1)% | (9,713,151) | |||
Net Assets — 100.0% | $453,852,211 |
(A) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2022 was $9,681,518. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
PCL – Public Company Limited |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
Valuation inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Common Stocks | ||||
United States | $73,380,268 | $— | $— | $73,380,268 |
Japan | — | 69,132,186 | — | 69,132,186 |
France | 19,517,792 | 35,600,587 | — | 55,118,379 |
United Kingdom | — | 41,961,141 | — | 41,961,141 |
Sweden | — | 33,723,767 | — | 33,723,767 |
South Korea | 5,050,294 | 23,340,301 | — | 28,390,595 |
Singapore | — | 23,785,081 | — | 23,785,081 |
Switzerland | 9,781,772 | 11,714,622 | — | 21,496,394 |
India | 17,859,247 | — | — | 17,859,247 |
China | 7,526,579 | 8,423,814 | — | 15,950,393 |
Canada | 15,195,532 | — | — | 15,195,532 |
Taiwan | 13,465,458 | — | — | 13,465,458 |
Germany | — | 10,956,127 | — | 10,956,127 |
Thailand | — | 7,487,485 | — | 7,487,485 |
Netherlands | — | 7,039,188 | — | 7,039,188 |
Denmark | — | 4,639,194 | — | 4,639,194 |
Preferred Stocks | — | 9,980,764 | — | 9,980,764 |
Short-Term Investment Funds | 14,004,163 | — | — | 14,004,163 |
Total | $175,781,105 | $287,784,257 | $— | $463,565,362 |
Shares | Market Value | |||
Common Stocks — 96.8% | ||||
India — 36.2% | ||||
Consumer Discretionary — 6.0% | ||||
8,100,921 | Jubilant Foodworks Ltd. | $ 61,414,521 | ||
2,385,013 | Titan Co. Ltd. | 75,837,171 | ||
Consumer Staples — 3.7% | ||||
1,763,621 | Britannia Industries Ltd. | 82,988,458 | ||
Energy — 2.4% | ||||
1,898,908 | Reliance Industries Ltd. | 55,110,257 | ||
Financials — 15.3% | ||||
1,622,065 | Bajaj Finance Ltd. | 144,928,350 | ||
9,502,940 | Bandhan Bank Ltd., 144a* | 30,897,990 | ||
5,705,250 | HDFC Bank Ltd. | 98,846,295 | ||
11,617,004 | ICICI Prudential Life Insurance Co. Ltd., 144a | 74,580,460 | ||
Health Care — 5.4% | ||||
2,282,326 | Apollo Hospitals Enterprise Ltd. | 122,112,226 | ||
Information Technology — 0.9% | ||||
548,044 | Tata Consultancy Services Ltd. | 20,085,208 | ||
Materials — 2.5% | ||||
1,392,992 | Asian Paints Ltd. | 56,947,780 | ||
Total India | 823,748,716 | |||
China — 20.2% | ||||
Communication Services — 4.9% | ||||
1,181,849 | Kanzhun Ltd. ADR* | 19,949,611 | ||
2,702,642 | Tencent Holdings Ltd. | 91,285,298 | ||
Consumer Discretionary — 8.3% | ||||
4,943,074 | Alibaba Group Holding Ltd.* | 49,328,610 | ||
7,346,723 | ANTA Sports Products Ltd. | 77,117,042 | ||
14,450,000 | Haidilao International Holding Ltd., 144a*† | 28,028,345 | ||
1,866,669 | JD Health International, Inc., 144a* | 10,633,195 | ||
1,476,998 | NIO, Inc. ADR* | 23,292,258 | ||
Consumer Staples — 3.0% | ||||
5,878,306 | Foshan Haitian Flavouring & Food Co. Ltd. - Class A | 68,469,597 | ||
Health Care — 4.0% | ||||
4,868,242 | Hangzhou Tigermed Consulting Co. Ltd. Class H, 144a | 39,139,318 | ||
8,817,010 | Wuxi Biologics Cayman, Inc., 144a* | 52,486,304 | ||
Total China | 459,729,578 | |||
Brazil — 15.5% | ||||
Consumer Discretionary — 6.3% | ||||
174,155 | MercadoLibre, Inc.* | 144,162,026 | ||
Consumer Staples — 1.9% | ||||
10,246,800 | Raia Drogasil SA | 43,214,604 | ||
Financials — 4.0% | ||||
11,095,039 | NU Holdings Ltd. - Class A*† | 48,818,172 | ||
2,288,595 | XP, Inc. - Class A* | 43,506,191 | ||
Industrials — 2.3% | ||||
4,675,215 | Localiza Rent a Car SA | 52,789,927 | ||
Information Technology — 1.0% | ||||
1,656,545 | Pagseguro Digital Ltd. - Class A*† | 21,916,090 | ||
Total Brazil | 354,407,010 | |||
Taiwan — 8.2% | ||||
Communication Services — 3.5% | ||||
1,447,157 | Sea Ltd. ADR* | 81,113,150 |
Shares | Market Value | |||
Taiwan — (Continued) | ||||
Information Technology — 4.7% | ||||
1,551,600 | Taiwan Semiconductor Manufacturing Co. Ltd. ADR | $ 106,377,696 | ||
Total Taiwan | 187,490,846 | |||
Indonesia — 3.4% | ||||
Financials — 3.4% | ||||
137,116,300 | Bank Central Asia Tbk PT | 76,543,721 | ||
Hong Kong — 3.1% | ||||
Financials — 3.1% | ||||
8,413,131 | AIA Group Ltd. | 70,046,947 | ||
Argentina — 2.9% | ||||
Information Technology — 2.9% | ||||
353,451 | Globant SA* | 66,123,613 | ||
South Korea — 1.8% | ||||
Communication Services — 1.6% | ||||
277,721 | NAVER Corp. | 36,996,946 | ||
Information Technology — 0.2% | ||||
137,042 | Kakaopay Corp.* | 4,632,270 | ||
Total South Korea | 41,629,216 | |||
United States — 1.6% | ||||
Information Technology — 1.6% | ||||
101,183 | Lam Research Corp. | 37,032,978 | ||
Thailand — 1.5% | ||||
Consumer Staples — 1.5% | ||||
22,543,700 | CP ALL PCL | 33,475,932 | ||
Kazakhstan — 1.4% | ||||
Financials — 1.4% | ||||
566,851 | Kaspi.KZ JSC GDR | 32,877,358 | ||
Uruguay — 1.0% | ||||
Information Technology — 1.0% | ||||
1,080,917 | Dlocal Ltd.*† | 22,180,417 | ||
Total Common Stocks | $2,205,286,332 |
Number of Rights | ||||
Rights — 0.0% | ||||
Brazil — 0.0% | ||||
Industrials — 0.0% | ||||
14,344 | Localiza Rent a Car SA, 11/10/22* | 28,558 | ||
Total Rights | $28,558 |
Shares | ||||
Short-Term Investment Funds — 5.1% | ||||
83,167,890 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 83,167,890 | ||
31,931,727 | Invesco Government & Agency Portfolio, Institutional Class, 2.88%∞Ω** | 31,931,727 | ||
Total Short-Term Investment Funds | $115,099,617 | |||
Total Investment Securities — 101.9% (Cost $2,310,318,690) | $2,320,414,507 | |||
Liabilities in Excess of Other Assets — (1.9)% | (42,734,718) | |||
Net Assets — 100.0% | $2,277,679,789 |
* | Non-income producing security. |
** | Represents collateral for securities loaned. |
† | All or a portion of the security is on loan. The total market value of the securities on loan as of September 30, 2022 was $30,293,345. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
ADR – American Depositary Receipt |
GDR – Global Depositary Receipt |
JSC – Joint Stock Company |
PCL – Public Company Limited |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2022, these securities were valued at $235,765,612 or 10.4% 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 | ||||
India | $— | $823,748,716 | $— | $823,748,716 |
China | 43,241,869 | 416,487,709 | — | 459,729,578 |
Brazil | 354,407,010 | — | — | 354,407,010 |
Taiwan | 187,490,846 | — | — | 187,490,846 |
Indonesia | — | 76,543,721 | — | 76,543,721 |
Hong Kong | — | 70,046,947 | — | 70,046,947 |
Argentina | 66,123,613 | — | — | 66,123,613 |
South Korea | — | 41,629,216 | — | 41,629,216 |
United States | 37,032,978 | — | — | 37,032,978 |
Thailand | — | 33,475,932 | — | 33,475,932 |
Kazakhstan | 32,877,358 | — | — | 32,877,358 |
Uruguay | 22,180,417 | — | — | 22,180,417 |
Rights | — | 28,558 | — | 28,558 |
Short-Term Investment Funds | 115,099,617 | — | — | 115,099,617 |
Total | $858,453,708 | $1,461,960,799 | $— | $2,320,414,507 |
Principal Amount | Market Value | |||
Corporate Bonds — 53.7% | ||||
Financials — 12.8% | ||||
$ 2,037,000 | Allstate Corp. (The), Ser B, 5.750%, 8/15/53 | $ 1,875,429 | ||
2,930,000 | Bank of Nova Scotia (The) (Canada), 3.625%, 10/27/81 | 2,124,250 | ||
2,174,000 | Barclays PLC (United Kingdom), 2.894%, 11/24/32 | 1,570,995 | ||
902,000 | Charles Schwab Corp. (The), 5.000%(A) | 810,672 | ||
902,000 | Charles Schwab Corp. (The), Ser H, 4.000%(A) | 662,571 | ||
2,118,000 | Citigroup, Inc., Ser W, 4.000%(A) | 1,779,417 | ||
1,850,000 | Corestates Capital III, 144a, (3M LIBOR +0.570%), 3.475%, 2/15/27(B) | 1,743,626 | ||
1,056,000 | Credit Acceptance Corp., 6.625%, 3/15/26 | 979,440 | ||
1,874,000 | First Maryland Capital II, (3M LIBOR +0.850%), 3.632%, 2/1/27(B) | 1,744,392 | ||
421,000 | FirstCash, Inc., 144a, 4.625%, 9/1/28 | 352,587 | ||
2,703,000 | Golub Capital BDC, Inc., 2.050%, 2/15/27 | 2,168,380 | ||
1,246,000 | Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.250%, 5/15/27 | 1,093,427 | ||
910,000 | JPMorgan Chase & Co., 5.717%, 9/14/33 | 859,944 | ||
1,566,000 | Morgan Stanley, 5.297%, 4/20/37 | 1,404,407 | ||
1,405,000 | Navient Corp., 6.750%, 6/15/26 | 1,275,318 | ||
1,552,000 | PNC Capital Trust, (3M LIBOR +0.570%), 3.652%, 6/1/28(B) | 1,443,439 | ||
1,503,000 | Prudential Financial, Inc., 5.125%, 3/1/52 | 1,303,011 | ||
1,527,000 | Sabra Health Care LP REIT, 3.900%, 10/15/29 | 1,245,566 | ||
2,617,000 | Sixth Street Specialty Lending, Inc., 2.500%, 8/1/26 | 2,231,849 | ||
1,850,000 | STORE Capital Corp. REIT, 2.750%, 11/18/30 | 1,630,182 | ||
2,012,000 | Truist Bank, Ser A, (3M LIBOR +0.670%), 3.580%, 5/15/27(B) | 1,866,132 | ||
1,503,000 | Truist Financial Corp., Ser Q, 5.100%(A) | 1,335,044 | ||
31,500,078 | ||||
Consumer Discretionary — 7.0% | ||||
1,851,000 | Brunswick Corp., 4.400%, 9/15/32 | 1,496,290 | ||
1,152,000 | Carriage Services, Inc., 144a, 4.250%, 5/15/29 | 911,030 | ||
1,222,000 | Churchill Downs, Inc., 144a, 4.750%, 1/15/28 | 1,057,295 | ||
1,124,000 | Coty, Inc. / HFC Prestige Products, Inc. / HFC Prestige International US LLC, 144a, 4.750%, 1/15/29 | 962,594 | ||
1,804,000 | Ferguson Finance PLC, 144a, 4.650%, 4/20/32 | 1,587,208 | ||
387,000 | Ford Motor Co., 4.750%, 1/15/43 | 256,347 | ||
660,000 | Ford Motor Credit Co. LLC, 4.125%, 8/17/27 | 568,656 | ||
3,081,000 | General Motors Financial Co., Inc., 3.100%, 1/12/32 | 2,322,712 | ||
1,665,000 | Genm Capital Labuan Ltd. (Malaysia), 144a, 3.882%, 4/19/31 | 1,139,516 | ||
2,614,000 | Imperial Brands Finance PLC (United Kingdom), 144a, 3.500%, 7/26/26 | 2,369,475 | ||
1,207,000 | Royal Caribbean Cruises Ltd., 144a, 5.375%, 7/15/27 | 887,797 | ||
1,797,000 | Toll Brothers Finance Corp., 3.800%, 11/1/29 | 1,454,120 | ||
1,804,000 | Warnermedia Holdings, Inc., 144a, 5.141%, 3/15/52 | 1,308,892 | ||
1,076,000 | Wynn Macau Ltd. (Macao), 144a, 4.875%, 10/1/24 | 863,490 | ||
17,185,422 | ||||
Industrials — 6.9% | ||||
985,000 | ADT Security Corp. (The), 144a, 4.875%, 7/15/32 | 794,366 | ||
1,291,000 | American Axle & Manufacturing, Inc., 6.500%, 4/1/27 | 1,094,122 | ||
1,056,000 | Amsted Industries, Inc., 144a, 4.625%, 5/15/30 | 874,051 | ||
853,000 | Boeing Co. (The), 5.805%, 5/1/50 | 742,985 | ||
1,236,000 | Cimpress PLC (Ireland), 144a, 7.000%, 6/15/26 | 840,480 | ||
1,118,000 | Fortress Transportation & Infrastructure Investors LLC, 144a, 6.500%, 10/1/25 | 1,050,263 | ||
1,874,000 | General Electric Co., Ser D, 6.623%(A) | 1,753,226 | ||
1,291,000 | Granite US Holdings Corp., 144a, 11.000%, 10/1/27 | 1,217,036 | ||
2,046,000 | Mohawk Industries, Inc., 3.625%, 5/15/30 | 1,701,749 | ||
1,946,000 | Oshkosh Corp., 3.100%, 3/1/30 | 1,570,452 | ||
1,269,000 | Pactiv Evergreen Group Issuer, Inc. / Pactiv Evergreen Group Issuer LLC, 144a, 4.000%, 10/15/27 | 1,063,926 |
Principal Amount | Market Value | |||
Industrials — (Continued) | ||||
$ 1,120,000 | Seaspan Corp. (Hong Kong), 144a, 5.500%, 8/1/29 | $ 862,474 | ||
1,068,000 | Stericycle, Inc., 144a, 3.875%, 1/15/29 | 884,438 | ||
999,000 | TransDigm, Inc., 144a, 6.250%, 3/15/26 | 969,030 | ||
1,892,000 | Weir Group PLC (The) (United Kingdom), 144a, 2.200%, 5/13/26 | 1,590,158 | ||
17,008,756 | ||||
Energy — 5.2% | ||||
1,578,000 | Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37 | 1,381,690 | ||
1,010,000 | CQP Holdco LP / BIP-V Chinook Holdco LLC, 144a, 5.500%, 6/15/31 | 855,192 | ||
271,000 | DCP Midstream Operating LP, 144a, 5.850%, 5/21/43 | 259,686 | ||
639,000 | Genesis Energy LP / Genesis Energy Finance Corp., 5.625%, 6/15/24 | 600,669 | ||
210,000 | Genesis Energy LP / Genesis Energy Finance Corp., 6.500%, 10/1/25 | 190,056 | ||
246,000 | Genesis Energy LP / Genesis Energy Finance Corp., 8.000%, 1/15/27 | 215,865 | ||
183,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 2/1/29 | 160,127 | ||
1,109,000 | Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.000%, 2/1/31 | 961,595 | ||
1,124,000 | MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | 845,810 | ||
405,000 | Mesquite Energy, Inc., 7.250%, 2/15/23 | 2,025 | ||
1,610,000 | Murphy Oil Corp., 6.375%, 7/15/28 | 1,521,450 | ||
1,770,000 | NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | 1,788,070 | ||
963,000 | Parkland Corp. (Canada), 144a, 4.500%, 10/1/29 | 777,490 | ||
350,000 | Petroleos Mexicanos (Mexico), 6.375%, 1/23/45 | 193,375 | ||
750,000 | Petroleos Mexicanos (Mexico), 6.625%, 6/15/35 | 479,250 | ||
1,060,000 | Petroleos Mexicanos (Mexico), 6.750%, 9/21/47 | 591,501 | ||
1,110,000 | Precision Drilling Corp. (Canada), 144a, 6.875%, 1/15/29 | 980,025 | ||
1,185,000 | YPF SA (Argentina), 4.000%, 2/12/26 | 989,215 | ||
12,793,091 | ||||
Communication Services — 5.1% | ||||
1,161,000 | Arches Buyer, Inc., 144a, 4.250%, 6/1/28 | 905,580 | ||
473,000 | Belo Corp., 7.750%, 6/1/27 | 463,540 | ||
1,938,000 | British Telecommunications PLC (United Kingdom), 5.125%, 12/4/28 | 1,821,803 | ||
1,123,000 | CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.250%, 2/1/31 | 859,484 | ||
1,563,000 | Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | 1,373,757 | ||
1,052,000 | Connect Finco SARL / Connect US Finco LLC (United Kingdom), 144a, 6.750%, 10/1/26 | 920,319 | ||
1,275,000 | CSC Holdings LLC, 144a, 4.625%, 12/1/30 | 865,534 | ||
1,056,000 | Gray Escrow II, Inc., 144a, 5.375%, 11/15/31 | 828,353 | ||
1,919,000 | Netflix, Inc., 6.375%, 5/15/29 | 1,904,635 | ||
1,411,000 | Paramount Global, 4.200%, 5/19/32 | 1,141,789 | ||
1,309,000 | Stagwell Global, 144a, 5.625%, 8/15/29 | 1,076,744 | ||
536,000 | TEGNA, Inc., 5.000%, 9/15/29 | 492,739 | ||
12,654,277 | ||||
Utilities — 5.0% | ||||
1,804,000 | CMS Energy Corp., 4.750%, 6/1/50 | 1,524,380 | ||
1,984,000 | Edison International, 4.125%, 3/15/28 | 1,770,930 | ||
1,320,000 | Edison International, Ser B, 5.000%(A) | 1,042,800 | ||
850,000 | Eskom Holdings SOC Ltd. (South Africa), 144a, 8.450%, 8/10/28 | 721,990 | ||
1,386,000 | FirstEnergy Transmission LLC, 144a, 5.450%, 7/15/44 | 1,253,618 | ||
1,750,000 | Minejesa Capital BV (Indonesia), 4.625%, 8/10/30 | 1,430,625 |
Principal Amount | Market Value | |||
Corporate Bonds — 53.7% (Continued) | ||||
Utilities — (Continued) | ||||
$ 1,984,000 | Pacific Gas & Electric Co., 2.500%, 2/1/31 | $ 1,443,037 | ||
1,110,000 | PPL Capital Funding, Inc., Ser A, (3M LIBOR +2.665%), 6.339%, 3/30/67(B) | 928,485 | ||
2,660,000 | WEC Energy Group, Inc., (3M LIBOR +2.112%), 5.018%, 5/15/67(B) | 2,207,800 | ||
12,323,665 | ||||
Consumer Staples — 4.1% | ||||
1,300,000 | Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 144a, 5.875%, 2/15/28 | 1,199,250 | ||
1,768,000 | Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | 1,532,246 | ||
986,000 | BellRing Brands, Inc., 144a, 7.000%, 3/15/30 | 901,894 | ||
950,000 | Coruripe Netherlands BV (Brazil), 144a, 10.000%, 2/10/27 | 812,250 | ||
1,455,000 | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 144a, 6.500%, 12/1/52 | 1,296,478 | ||
1,231,000 | QVC, Inc., 4.375%, 9/1/28 | 834,666 | ||
1,384,000 | Turning Point Brands, Inc., 144a, 5.625%, 2/15/26 | 1,200,620 | ||
1,500,000 | Ulker Biskuvi Sanayi AS (Turkey), 144a, 6.950%, 10/30/25 | 1,025,100 | ||
1,621,000 | United Rentals North America, Inc., 3.750%, 1/15/32 | 1,269,583 | ||
10,072,087 | ||||
Materials — 3.6% | ||||
2,602,000 | Braskem Netherlands Finance BV (Brazil), 144a, 5.875%, 1/31/50 | 1,843,517 | ||
1,656,000 | Celanese US Holdings LLC, 6.165%, 7/15/27 | 1,562,364 | ||
1,700,000 | Freeport Indonesia PT (Indonesia), 144a, 5.315%, 4/14/32 | 1,406,750 | ||
1,750,000 | GCC SAB de CV, 144a, 3.614%, 4/20/32 | 1,415,295 | ||
279,000 | Hudbay Minerals, Inc. (Canada), 144a, 4.500%, 4/1/26 | 231,955 | ||
853,000 | Hudbay Minerals, Inc. (Canada), 144a, 6.125%, 4/1/29 | 687,288 | ||
2,200,000 | Metinvest BV (Ukraine), 144a, 7.750%, 10/17/29 | 965,360 | ||
1,400,000 | OCP SA (Morocco), 144a, 5.125%, 6/23/51 | 889,000 | ||
9,001,529 | ||||
Health Care — 2.3% | ||||
1,638,000 | CVS Health Corp., 5.050%, 3/25/48 | 1,437,049 | ||
1,056,000 | Medline Borrower LP, 144a, 3.875%, 4/1/29 | 847,440 | ||
1,059,000 | MEDNAX, Inc., 144a, 5.375%, 2/15/30 | 877,651 | ||
1,945,000 | Mylan, Inc., 4.550%, 4/15/28 | 1,718,881 | ||
1,056,000 | US Acute Care Solutions LLC, 144a, 6.375%, 3/1/26 | 887,040 | ||
5,768,061 | ||||
Real Estate — 0.9% | ||||
1,056,000 | Iron Mountain, Inc. REIT, 144a, 4.875%, 9/15/27 | 945,791 | ||
1,000,000 | Logan Group Co. Ltd. (China), 7.500%, 8/25/23 | 167,023 | ||
1,219,000 | RHP Hotel Properties LP / RHP Finance Corp. REIT, 144a, 4.500%, 2/15/29 | 1,010,959 | ||
2,123,773 | ||||
Information Technology — 0.8% | ||||
1,111,000 | Clarivate Science Holdings Corp., 144a, 4.875%, 7/1/29 | 869,913 | ||
1,462,000 | Micron Technology, Inc., 2.703%, 4/15/32 | 1,061,834 | ||
1,931,747 | ||||
Total Corporate Bonds | $132,362,486 | |||
Asset-Backed Securities — 19.2% | ||||
2,000,000 | AB BSL CLO 3, Ltd. (Cayman Islands), Ser 2021-3A, Class D, 144a, (3M LIBOR +3.200%), 5.910%, 10/20/34(B) | 1,740,690 | ||
5,955,000 | AB Issuer LLC, Ser 2021-1, Class A2, 144a, 3.734%, 7/30/51 | 4,904,270 |
Principal Amount | Market Value | |||
Asset-Backed Securities — 19.2% (Continued) | ||||
$ 5,000,000 | Birch Grove CLO 2, Ltd. (Cayman Islands), Ser 2021-2A, Class C, 144a, (3M LIBOR +2.250%), 4.988%, 10/19/34(B) | $ 4,365,515 | ||
4,937,500 | Hardee's Funding LLC, Ser 2021-1A, Class A2, 144a, 2.865%, 6/20/51 | 3,926,670 | ||
2,100,000 | Medalist Partners Corporate Finance CLO VI, Ltd. (Cayman Islands), Ser 2020-1A, Class B, 144a, (3M LIBOR +2.700%), 5.440%, 4/17/33(B) | 1,909,423 | ||
5,000,000 | Mill City Mortgage Loan Trust, Ser 2017-2, Class B2, 144a, 3.757%, 7/25/59(B)(C) | 4,246,676 | ||
4,937,500 | Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | 4,096,940 | ||
5,000,000 | New Mountain CLO 3, Ltd. (Cayman Islands), Ser CLO-3A, Class C, 144a, (3M LIBOR +2.100%), 4.810%, 10/20/34(B) | 4,320,875 | ||
2,250,000 | Palmer Square CLO, Ltd. (Cayman Islands), Ser 2021-4A, Class D, 144a, (3M LIBOR +2.950%), 5.462%, 10/15/34(B) | 1,982,750 | ||
6,242,000 | STWD, Ltd. (Cayman Islands), Ser 2021-FL2, Class D, 144a, (1M LIBOR +2.800%), 5.739%, 4/18/38(B) | 5,821,787 | ||
5,500,000 | TRTX Issuer, Ltd. (Cayman Islands), Ser 2019-FL3, Class C, 144a, (SOFR30A +2.214%), 5.136%, 10/15/34(B) | 5,371,954 | ||
5,000,000 | Whitebox CLO I, Ltd. (Cayman Islands), Ser 2019-1A, Class BR, 144a, (3M LIBOR +2.050%), 4.833%, 7/24/32(B) | 4,610,775 | ||
Total Asset-Backed Securities | $47,298,325 | |||
U.S. Treasury Obligations — 8.6% | ||||
2,160,000 | U.S. Treasury Bond, 1.875%, 2/15/51 | 1,430,156 | ||
7,625,000 | U.S. Treasury Bond, 2.375%, 2/15/42 | 5,843,848 | ||
3,000,000 | U.S. Treasury Note, 0.750%, 5/31/26 | 2,650,195 | ||
12,260,000 | U.S. Treasury Note, 2.750%, 8/15/32 | 11,204,491 | ||
Total U.S. Treasury Obligations | $21,128,690 |
Shares | ||||
Common Stocks — 4.8% | ||||
Information Technology — 0.9% | ||||
8,996 | International Business Machines Corp. | 1,068,815 | ||
7,316 | Texas Instruments, Inc. | 1,132,370 | ||
2,201,185 | ||||
Financials — 0.9% | ||||
33,406 | Bank of America Corp. | 1,008,861 | ||
3,992 | Goldman Sachs Group, Inc. (The) | 1,169,856 | ||
44 | Hi-Crush, Inc.(D) | 22,379 | ||
2,201,096 | ||||
Industrials — 0.8% | ||||
2,736 | Lockheed Martin Corp. | 1,056,890 | ||
12,270 | Raytheon Technologies Corp. | 1,004,422 | ||
2,061,312 | ||||
Materials — 0.6% | ||||
39,560 | Covia | 514,280 | ||
18,483 | DuPont de Nemours, Inc. | 931,543 | ||
1,445,823 | ||||
Energy — 0.5% | ||||
13,455 | Exxon Mobil Corp. | 1,174,756 | ||
Health Care — 0.4% | ||||
6,924 | Johnson & Johnson | 1,131,105 | ||
Consumer Staples — 0.4% | ||||
12,137 | Philip Morris International, Inc. | 1,007,492 |
Shares | MarketValue | |||
Common Stocks — 4.8% (Continued) | ||||
Communication Services — 0.3% | ||||
41,944 | AT&T, Inc. | $ 643,421 | ||
Total Common Stocks | $11,866,190 |
Principal Amount | ||||
Sovereign Government Obligations — 4.1% | ||||
$ 1,350,000 | Angolan Government International Bond, 144a, 8.000%, 11/26/29 | 1,012,797 | ||
1,222,000 | Bahamas Government International Bond, 144a, 6.000%, 11/21/28 | 733,220 | ||
1,177,000 | Chile Government International Bond, 3.100%, 5/7/41 | 799,906 | ||
1,295,000 | Colombia Government International Bond, 3.125%, 4/15/31 | 897,759 | ||
400,000 | Colombia Government International Bond, 7.375%, 9/18/37 | 345,937 | ||
320,000 | Colombia Government International Bond, 10.375%, 1/28/33 | 362,880 | ||
1,350,000 | Dominican Republic International Bond, 4.875%, 9/23/32 | 1,015,002 | ||
1,530,000 | Ecuador Government International Bond, 144a, 2.500%, 7/31/35 | 503,527 | ||
657,000 | Ecuador Government International Bond, 144a, 5.500%, 7/31/30 | 309,326 | ||
1,350,000 | Egypt Government International Bond, 8.500%, 1/31/47 | 748,545 | ||
955,000 | Gabon Government International Bond, 144a, 6.625%, 2/6/31 | 626,174 | ||
1,350,000 | Ghana Government International Bond, 144a, 8.627%, 6/16/49 | 493,533 | ||
1,000,000 | Nigeria Government International Bond, 144a, 7.625%, 11/28/47 | 555,000 | ||
985,000 | Republic of Uzbekistan International Bond, 144a, 3.700%, 11/25/30 | 702,463 | ||
1,200,000 | Serbia International Bond, 2.125%, 12/1/30 | 782,400 | ||
200,000 | Ukraine Government International Bond, 144a, 7.253%, 3/15/35* | 36,726 | ||
1,020,000 | Ukraine Government International Bond, 7.253%, 3/15/35* | 187,305 | ||
Total Sovereign Government Obligations | $10,112,500 | |||
Commercial Mortgage-Backed Securities — 3.9% | ||||
5,000,000 | BX Commercial Mortgage Trust, Ser 2020-VIV2, Class C, 144a, 3.660%, 3/9/44(B)(C) | 3,943,992 | ||
5,000,000 | CGMS Commercial Mortgage Trust, Ser 2017-B1, Class D, 144a, 3.000%, 8/15/50 | 3,680,659 | ||
2,202,000 | GS Mortgage Securities Corp. Trust, Ser 2017-SLP, Class E, 144a, 4.744%, 10/10/32(B)(C) | 2,157,895 | ||
Total Commercial Mortgage-Backed Securities | $9,782,546 | |||
Non-Agency Collateralized Mortgage Obligations — 2.6% | ||||
1,405,000 | Connecticut Avenue Securities Trust, Ser 2022-R04, Class 1M2, 144a, 5.381%, 3/25/42 | 1,315,431 | ||
3,250,000 | Freddie Mac STACR REMIC Trust, Ser 2022-DNA3, Class M1B, 144a, 5.181%, 4/25/42 | 3,067,183 | ||
2,375,000 | Towd Point Mortgage Trust, Ser 2015-2, Class 1B3, 144a, 3.371%, 11/25/60 | 1,986,378 | ||
Total Non-Agency Collateralized Mortgage Obligations | $6,368,992 |
Shares | ||||
Preferred Stocks — 1.3% | ||||
Financials — 1.3% | ||||
95,203 | First Republic Bank, Ser K, 4.125%(A) | 1,637,492 |
Shares | MarketValue | |||
Financials — (Continued) | ||||
57,491 | Morgan Stanley, Ser O, 4.250%(A) | $ 1,033,113 | ||
33,727 | US Bancorp, Ser L, 3.750%(A) | 541,993 | ||
Total Preferred Stocks | $3,212,598 |
Principal Amount | ||||
Agency Collateralized Mortgage Obligations — 0.5% | ||||
$25,530,439 | FRESB Mortgage Trust, Ser 2020-SB78, Class X1, 1.254%, 6/25/40(B)(C)(E) | 1,228,224 |
Number of Rights | ||||
Rights — 0.0% | ||||
Energy — 0.0% | ||||
27,942 | Vistra Energy Corp. Tax Return Rights, 12/6/26* | 33,530 |
Shares | ||||
Short-Term Investment Fund — 0.4% | ||||
995,267 | Dreyfus Government Cash Management, Institutional Shares, 2.75%∞Ω | 995,267 | ||
Total Investment Securities—99.1% (Cost $295,017,179) | $244,389,348 | |||
Other Assets in Excess of Liabilities — 0.9% | 2,104,070 | |||
Net Assets — 100.0% | $246,493,418 |
(A) | Perpetual Bond - A bond or preferred stock with no definite maturity date. |
(B) | Variable rate security - Rate reflected is the rate in effect as of September 30, 2022. |
(C) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description. |
(D) | Level 3- For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Financial Statements. |
(E) | Interest only security - This type of security represents the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the “interest only” holding. |
* | Non-income producing security. |
∞ | Open-End Fund. |
Ω | Represents the 7-Day SEC yield as of September 30, 2022. |
Portfolio Abbreviations: |
CLO – Collateralized Loan Obligation |
FRESB – Freddie Mac Multifamily Securitization Small Balance Loan |
LIBOR – London Interbank Offered Rate |
LLC – Limited Liability Company |
LP – Limited Partnership |
PLC – Public Limited Company |
REIT – Real Estate Investment Trust |
REMIC – Real Estate Mortgage Investment Conduit |
SOC – State-Owned Company |
SOFR30A – Secured Overnight Financing Rate 30 Day Average |
144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2022, these securities were valued at $125,125,529 or 50.8% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees. |
Valuation Inputs at Reporting Date: | ||||
Description | Level 1 | Level 2 | Level 3 | Total |
Assets: | ||||
Corporate Bonds | $— | $132,362,486 | $— | $132,362,486 |
Asset-Backed Securities | — | 47,298,325 | — | 47,298,325 |
U.S. Treasury Obligations | — | 21,128,690 | — | 21,128,690 |
Common Stocks | 11,329,531 | 514,280 | 22,379 | 11,866,190 |
Sovereign Government Obligations | — | 10,112,500 | — | 10,112,500 |
Commercial Mortgage-Backed Securities | — | 9,782,546 | — | 9,782,546 |
Non-Agency Collateralized Mortgage Obligations | — | 6,368,992 | — | 6,368,992 |
Preferred Stocks | 3,212,598 | — | — | 3,212,598 |
Agency Collateralized Mortgage Obligations | — | 1,228,224 | — | 1,228,224 |
Rights | — | 33,530 | — | 33,530 |
Short-Term Investment Fund | 995,267 | — | — | 995,267 |
Other Financial Instruments | ||||
Futures | ||||
Interest rate contracts | 215,885 | — | — | 215,885 |
Total Assets | $15,753,281 | $228,829,573 | $22,379 | $244,605,233 |
Liabilities: | ||||
Other Financial Instruments | ||||
Futures | ||||
Interest rate contracts | $(232,459) | $— | $— | $(232,459) |
Total Liabilities | $(232,459) | $— | $— | $(232,459) |
Total | $15,520,822 | $228,829,573 | $22,379 | $244,372,774 |
Measurements Using Unobservable Inputs (Level 3) | |
Assets | Common Stocks |
Beginning balance, March 31, 2022 | $22,379 |
Change in unrealized appreciation (depreciation) | — |
Ending balance, September 30, 2022 | $22,379 |
Net Change in Unrealized Appreciation/Depreciation for Investments in Securities still held at September 30, 2022 | $— |
Common Stocks | Fair Value | Valuation Technique | Unobservable Input |
Hi-Crush, Inc. | $22,379 | Market Value | N/A |
Description | Expiration Date | Number of Contracts | Notional Value | Unrealized Appreciation/ (Depreciation) |
Short Futures: | ||||
30-Year U.S. Ultra Long Term Treasury Bond | 12/20/2022 | 40 | $5,695,885 | $215,885 |
Long Futures: | ||||
2-Year U.S. Treasury Note | 12/30/2022 | 241 | 49,731,600 | (232,459) |
$(16,574) |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Non-US ESG Equity Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Assets | |||||||
Investments, at cost | $832,097,924 | $650,047,655 | $94,413,364 | $1,048,673,229 | $469,799,157 | $2,310,318,690 | $295,017,179 |
Investments, at market value * | $735,492,033 | $934,849,694 | $121,450,943 | $1,042,531,802 | $463,565,362 | $2,320,414,507 | $244,389,348 |
Cash | 6,582,832 | — | — | — | 174 | 3,240 | — |
Cash deposits held at prime broker (A) | 7,029,417 | — | — | — | — | — | 344,725 |
Foreign currency † | 2 | — | — | — | 2,221 | 501,718 | 89 |
Dividends and interest receivable | 5,878,877 | 443,109 | 46,831 | 219,032 | 1,023,402 | 1,173,277 | 2,747,378 |
Receivable for capital shares sold | 3,182,488 | 19,126 | 204,523 | 908,085 | 66,468 | 6,719,618 | 9,786 |
Receivable for investments sold | 138,964 | — | 362,250 | 14,780,061 | — | 12,382,224 | 35,958 |
Receivable for variation margin on futures contracts | — | — | — | — | — | — | 48,256 |
Receivable for securities lending income | 20,860 | 76 | — | — | 1,273 | 83,648 | 37 |
Tax reclaim receivable | 32,970 | — | — | 3,914 | 302,581 | 16,607 | 5,095 |
Other assets | 50,920 | 34,577 | 26,350 | 57,128 | 34,516 | 63,009 | 28,367 |
Total Assets | 758,409,363 | 935,346,582 | 122,090,897 | 1,058,500,022 | 464,995,997 | 2,341,357,848 | 247,609,039 |
Liabilities | |||||||
Bank overdrafts | — | — | — | — | — | — | 59,054 |
Dividends payable | 239,460 | — | — | — | — | — | — |
Payable for return of collateral for securities on loan | 2,250,924 | — | — | 3,800,610 | 9,994,733 | 31,931,727 | — |
Deferred foreign capital gains tax | — | — | — | — | — | 15,077,343 | — |
Payable for capital shares redeemed | 3,345,580 | 445,157 | 96,746 | 2,841,222 | 448,862 | 13,270,905 | 708,831 |
Payable for investments purchased | — | — | 2,677,117 | 6,662,128 | — | — | — |
Payable to Investment Advisor | 335,293 | 517,652 | 69,471 | 645,492 | 256,764 | 2,080,668 | 105,167 |
Payable to other affiliates | 130,739 | 138,086 | 21,103 | 193,575 | 139,356 | 295,789 | 62,245 |
Payable to Trustees | 13,818 | 13,818 | 13,818 | 13,818 | 13,818 | 13,818 | 13,818 |
Payable for professional services | 35,820 | 32,537 | 19,307 | 37,598 | 31,178 | 76,635 | 22,634 |
Payable for reports to shareholders | 18,462 | 23,274 | 5,836 | 55,771 | 7,697 | 77,352 | 15,647 |
Payable for transfer agent services | 259,959 | 374,549 | 47,521 | 401,879 | 219,000 | 717,060 | 120,438 |
Other accrued expenses and liabilities | — | 15,307 | 12,734 | 34,372 | 32,378 | 136,762 | 7,787 |
Total Liabilities | 6,630,055 | 1,560,380 | 2,963,653 | 14,686,465 | 11,143,786 | 63,678,059 | 1,115,621 |
Net Assets | $751,779,308 | $933,786,202 | $119,127,244 | $1,043,813,557 | $453,852,211 | $2,277,679,789 | $246,493,418 |
Net assets consist of: | |||||||
Paid-in capital | 834,959,683 | 598,761,686 | 86,690,518 | 1,037,807,470 | 436,484,221 | 3,203,355,320 | 351,656,619 |
Distributable earnings (deficit) | (83,180,375) | 335,024,516 | 32,436,726 | 6,006,087 | 17,367,990 | (925,675,531) | (105,163,201) |
Net Assets | $751,779,308 | $933,786,202 | $119,127,244 | $1,043,813,557 | $453,852,211 | $2,277,679,789 | $246,493,418 |
*Includes market value of securities on loan of: | $2,144,280 | $— | $— | $3,748,338 | $9,681,518 | $30,293,345 | $— |
†Cost of foreign currency: | $3 | $— | $— | $— | $2,292 | $501,605 | $102 |
(A) | Represents segregated cash for futures contracts, swap agreements and/or securities sold short. |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Growth Opportunities Fund^ | Touchstone Mid Cap Growth Fund^ | Touchstone Non-US ESG Equity Fund^ | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Pricing of Class A Shares | |||||||
Net assets applicable to Class A shares | $106,497,455 | $39,476,454 | $45,281,164 | $225,540,054 | $340,199,925 | $15,812,112 | $142,248,630 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 10,754,987 | 815,935 | 1,528,380 | 8,681,183 | 19,134,823 | 1,299,789 | 49,697,792 |
Net asset value price per share* | $9.90 | $48.38 | $29.63 | $25.98 | $17.78 | $12.17 | $2.86 |
Maximum sales charge - Class A shares | 3.25% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 3.25% |
Maximum offering price per share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent) - Class A shares | $10.23 | $50.93 | $31.19 | $27.35 | $18.72 | $12.81 | $2.96 |
Pricing of Class C Shares | |||||||
Net assets applicable to Class C shares | $30,054,489 | $13,722,446 | $1,384,062 | $12,546,239 | $3,552,232 | $6,442,390 | $28,028,928 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 3,085,743 | 312,044 | 46,757 | 483,248 | 200,056 | 541,151 | 9,754,225 |
Net asset value and offering price per share** | $9.74 | $43.98 | $29.60 | $25.96 | $17.76 | $11.90 | $2.87 |
Pricing of Class Y Shares | |||||||
Net assets applicable to Class Y shares | $577,694,523 | $865,395,523 | $18,509,087 | $520,963,193 | $101,032,619 | $661,521,542 | $76,018,982 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 58,140,497 | 17,616,853 | 588,429 | 18,826,237 | 5,438,800 | 54,007,755 | 26,631,624 |
Net asset value, offering price and redemption price per share | $9.94 | $49.12 | $31.46 | $27.67 | $18.58 | $12.25 | $2.85 |
Pricing of Institutional Class Shares | |||||||
Net assets applicable to Institutional Class shares | $37,532,841 | $15,191,779 | $53,952,931 | $189,933,619 | $9,067,435 | $918,826,430 | $196,878 |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | 3,778,389 | 307,574 | 1,675,541 | 6,754,627 | 487,253 | 74,557,176 | 69,095 |
Net asset value, offering price and redemption price per share | $9.93 | $49.39 | $32.20 | $28.12 | $18.61 | $12.32 | $2.85 |
Pricing of Class R6 Shares | |||||||
Net assets applicable to Class R6 shares | $— | $— | $— | $94,830,452 | $— | $675,077,315 | $— |
Shares of beneficial interest outstanding (unlimited number of shares authorized, no par value) | — | — | — | 3,365,209 | — | 54,760,885 | — |
Net asset value, offering price and redemption price per share | $— | $— | $— | $28.18 | $— | $12.33 | $— |
* | There is no sales load on subscriptions of $1 million or more for all funds except for Flexible Income Fund and Strategic Income Opportunities Fund. There is no sales load on subscriptions of $500,000 or more for Flexible Income Fund and Strategic Income Opportunities Fund. Redemptions that were part of a $500,000 or $1 million or more subscription, as applicable, may be subject to a contingent deferred sales load if redeemed within a one-year period from the date of purchase. |
** | Redemption price per share varies by length of time shares are held due to the terms of the contingent deferred sales charge. |
^ | The Shares of beneficial interest outstanding and Net asset value and offering price per share were updated to reflect the effect of a 1 for 0.670946, 1 for 0.466797 and 1 for 0.801806 reverse stock split for Class C shares of the Growth Opportunities Fund, the Mid Cap Growth Fund and the Non-US ESG Equity Fund, respectively, on October 14, 2022 (See Note 9 in the Notes to Financial Statements). |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Growth Opportunities Fund | Touchstone Mid Cap Growth Fund | Touchstone Non-US ESG Equity Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | |
Investment Income | |||||||
Dividends* | $5,320,888 | $6,426,101 | $735,604 | $5,714,023 | $6,753,084 | $13,009,412 | $408,499 |
Interest** | 12,905,068 | — | — | — | — | — | 6,296,336 |
Income from securities loaned | 77,760 | 3,250 | 38 | 1,237 | 88,969 | 974,442 | 542 |
Total Investment Income | 18,303,716 | 6,429,351 | 735,642 | 5,715,260 | 6,842,053 | 13,983,854 | 6,705,377 |
Expenses | |||||||
Investment advisory fees | 2,239,852 | 3,335,770 | 520,213 | 4,162,013 | 1,789,094 | 14,150,866 | 778,236 |
Administration fees | 542,497 | 723,688 | 94,543 | 794,955 | 375,161 | 1,928,134 | 195,077 |
Compliance fees and expenses | 1,734 | 1,734 | 1,734 | 1,734 | 1,734 | 1,734 | 1,734 |
Custody fees | 29,473 | 8,578 | 8,454 | 15,411 | 26,837 | 423,214 | 21,060 |
Professional fees | 32,007 | 32,181 | 14,462 | 34,435 | 27,094 | 81,912 | 20,944 |
Transfer Agent fees, Class A | 44,569 | 19,725 | 22,856 | 129,125 | 169,398 | 10,125 | 76,745 |
Transfer Agent fees, Class C | 11,823 | 7,038 | 791 | 7,273 | 2,471 | 6,409 | 15,299 |
Transfer Agent fees, Class Y | 261,764 | 367,234 | 11,492 | 343,684 | 51,943 | 627,645 | 39,864 |
Transfer Agent fees, Institutional Class | 6,514 | 3,056 | 12,786 | 52,783 | 1,058 | 266,602 | 32 |
Transfer Agent fees, Class R6 | — | — | — | 200 | — | 376 | — |
Registration Fees, Class A | 8,353 | 6,933 | 7,833 | 10,316 | 11,116 | 7,078 | 10,246 |
Registration Fees, Class C | 6,410 | 5,119 | 5,028 | 6,638 | 5,405 | 6,323 | 9,025 |
Registration Fees, Class Y | 21,807 | 16,285 | 6,394 | 16,472 | 7,758 | 41,029 | 17,847 |
Registration Fees, Institutional Class | 4,444 | 5,230 | 8,375 | 10,434 | 4,671 | 22,938 | 2,644 |
Registration Fees, Class R6 | — | — | — | 6,123 | — | 5,239 | — |
Dividend expense on securities sold short | 291,881 | — | — | — | — | — | — |
Reports to Shareholders, Class A | 3,709 | 2,037 | 2,179 | 6,068 | 8,495 | 1,609 | 7,152 |
Reports to Shareholders, Class C | 1,906 | 1,410 | 1,054 | 1,539 | 1,245 | 1,457 | 2,408 |
Reports to Shareholders, Class Y | 12,777 | 17,738 | 1,483 | 34,884 | 4,800 | 53,962 | 4,643 |
Reports to Shareholders, Institutional Class | 1,538 | 1,333 | 1,258 | 14,598 | 1,156 | 19,047 | 1,000 |
Reports to Shareholders, Class R6 | — | — | — | 1,203 | — | 1,026 | — |
Distribution and shareholder servicing expenses, Class A | 137,935 | 55,956 | 64,849 | 325,014 | 453,474 | 21,850 | 201,397 |
Distribution and shareholder servicing expenses, Class C | 164,433 | 82,845 | 7,854 | 72,914 | 23,364 | 38,610 | 172,080 |
Trustee fees | 13,768 | 13,768 | 13,768 | 13,768 | 13,768 | 13,768 | 13,768 |
Other expenses | 35,593 | 161,134 | 40,183 | 126,327 | 97,781 | 63,757 | 36,588 |
Total Expenses | 3,874,787 | 4,868,792 | 847,589 | 6,187,911 | 3,077,823 | 17,794,710 | 1,627,789 |
Fees waived and/or reimbursed by the Advisor and/or Affiliates(A) | (155,201) | (7,318) | (99,389) | (144,113) | (32,449) | (11,256) | (187,954) |
Net Expenses | 3,719,586 | 4,861,474 | 748,200 | 6,043,798 | 3,045,374 | 17,783,454 | 1,439,835 |
Net Investment Income (Loss) | 14,584,130 | 1,567,877 | (12,558) | (328,538) | 3,796,679 | (3,799,600) | 5,265,542 |
Realized and Unrealized Gains (Losses) on Investments | |||||||
Net realized gains (losses) on investments(B)(C) | (622,853) | 17,049,531 | 4,126,354 | (11,960,959) | (4,145,892) | (498,948,190) | (8,989,179) |
Net realized gains on securities sold short | 12,506,119 | — | — | — | — | — | — |
Net realized gains on written options | 366,374 | — | — | — | — | — | — |
Net realized losses on futures contracts | (122,038) | — | — | — | — | — | (101,109) |
Net realized gains on swap agreements | — | — | — | — | — | — | 143,041 |
Net realized losses on foreign currency transactions | — | — | — | — | (150,852) | (514,701) | — |
Net change in unrealized appreciation (depreciation) on investments† | (66,391,498) | (252,235,548) | (41,232,529) | (319,693,703) | (138,970,995) | (230,344,201) | (29,003,383) |
Net change in unrealized appreciation (depreciation) on securities sold short | 764,636 | — | — | — | — | — | — |
Net change in unrealized appreciation (depreciation) on futures contracts | — | — | — | — | — | — | 191,087 |
Net change in unrealized appreciation (depreciation) on foreign currency transactions | (1) | — | — | — | (4,479) | 1,055 | (18) |
Net Realized and Unrealized Gains (Losses) on Investments | (53,499,261) | (235,186,017) | (37,106,175) | (331,654,662) | (143,272,218) | (729,806,037) | (37,759,561) |
Change in Net Assets Resulting from Operations | $(38,915,131) | $(233,618,140) | $(37,118,733) | $(331,983,200) | $(139,475,539) | $(733,605,637) | $(32,494,019) |
*Net of foreign tax withholding of: | $14,037 | $— | $852 | $9,421 | $630,515 | $1,862,231 | $— |
**Net of foreign tax withholding of: | $— | $— | $— | $— | $— | $— | $7,360 |
†Includes decrease in deferred foreign capital gains tax of: | $— | $— | $— | $— | $— | $11,163,640 | $— |
(A) | See Note 4 in Notes to Financial Statements. |
(B) | Includes foreign capital gains taxes paid of $8,552,463 for the Sands Capital Emerging Markets Growth Fund. |
(C) | For the six months ended September 30, 2022, the Focused Fund, the Growth Opportunities Fund, the Mid Cap Growth Fund, the Non-US ESG Equity Fund, and the Sands Capital Emerging Markets Growth Fund had a redemption-in-kind of securities in the amount of $27,404,592, $8,398,954, $16,643,565, $11,791,996 and $11,031,468, respectively. Net realized gains (losses) on investments includes the realized gain on the transaction of $12,869,223, $3,557,880, $4,405,281, $7,930,949, and $5,766,929, respectively, which will not be recognized by the Fund for tax purposes. |
Touchstone Flexible Income Fund | Touchstone Focused Fund | Touchstone Growth Opportunities Fund | ||||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | |
From Operations | ||||||
Net investment income (loss) | $14,584,130 | $27,793,766 | $1,567,877 | $1,134,595 | $(12,558) | $(496,055) |
Net realized gains (losses) on investments, securities sold short, written options, futures contracts, swap agreements, forward foreign currency contracts, foreign currency transactions and capital gain distributions received | 12,127,602 | 5,078,799 | 17,049,531 | 105,788,449 | 4,126,354 | 19,382,164 |
Net change in unrealized appreciation (depreciation) on investments, securities sold short, futures contracts, forward foreign currency contracts and foreign currency transactions | (65,626,863) | (49,986,963) | (252,235,548) | 6,341,938 | (41,232,529) | (1,297,245) |
Change in Net Assets from Operations | (38,915,131) | (17,114,398) | (233,618,140) | 113,264,982 | (37,118,733) | 17,588,864 |
Distributions to Shareholders: | ||||||
Distributed earnings, Class A | (1,729,279) | (3,914,740) | — | (2,981,004) | — | (10,095,137) |
Distributed earnings, Class B | — | — | — | — | — | — |
Distributed earnings, Class C | (395,698) | (1,030,204) | — | (1,434,791) | — | (389,665) |
Distributed earnings, Class Y | (10,353,691) | (22,656,138) | — | (65,864,852) | — | (4,474,202) |
Distributed earnings, Institutional Class | (608,897) | (1,622,568) | — | (1,697,569) | — | (11,185,510) |
Distributed earnings, Class R6 | — | — | — | — | — | — |
Total Distributions | (13,087,565) | (29,223,650) | — | (71,978,216) | — | (26,144,514) |
Change in Net Assets from Share Transactions(A) | (42,628,564) | 103,096,464 | (33,478,568) | 11,900,180 | (6,004,032) | 9,872,785 |
Total Increase (Decrease) in Net Assets | (94,631,260) | 56,758,416 | (267,096,708) | 53,186,946 | (43,122,765) | 1,317,135 |
Net Assets | ||||||
Beginning of period | 846,410,568 | 789,652,152 | 1,200,882,910 | 1,147,695,964 | 162,250,009 | 160,932,874 |
End of period | $751,779,308 | $846,410,568 | $933,786,202 | $1,200,882,910 | $119,127,244 | $162,250,009 |
(A) | For details on share transactions by class, see Statements of Changes in Net Assets - Capital Stock Activity on pages 28-31. |
Touchstone Mid Cap Growth Fund | Touchstone Non-US ESG Equity Fund | Touchstone Sands Capital Emerging Markets Growth Fund | Touchstone Strategic Income Opportunities Fund | ||||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 |
$(328,538) | $(6,572,899) | $3,796,679 | $5,424,800 | $(3,799,600) | $(30,231,867) | $5,265,542 | $9,102,699 |
(11,960,959) | 231,808,914 | (4,296,744) | 60,595,989 | (499,462,891) | (237,979,435) | (8,947,247) | 8,067,439 |
(319,693,703) | (115,521,773) | (138,975,474) | (68,893,052) | (230,343,146) | (970,965,235) | (28,812,314) | (29,107,246) |
(331,983,200) | 109,714,242 | (139,475,539) | (2,872,263) | (733,605,637) | (1,239,176,537) | (32,494,019) | (11,937,108) |
— | (48,088,579) | — | (55,428,678) | — | (393,240) | (2,985,165) | (5,076,894) |
— | — | — | — | — | — | — | (92,062) |
— | (5,041,824) | — | (801,994) | — | (119,388) | (502,695) | (846,395) |
— | (98,678,809) | — | (18,663,839) | — | (29,163,383) | (1,783,904) | (3,939,569) |
— | (50,376,807) | — | (1,214,241) | — | (41,115,494) | (5,049) | (4,036) |
— | (5,039,178) | — | — | — | (13,193,519) | — | — |
— | (207,225,197) | — | (76,108,752) | — | (83,985,024) | (5,276,813) | (9,958,956) |
60,344,164 | 44,308,317 | (35,399,040) | 7,273,709 | (566,739,323) | 543,334,433 | (42,268,294) | (18,679,977) |
(271,639,036) | (53,202,638) | (174,874,579) | (71,707,306) | (1,300,344,960) | (779,827,128) | (80,039,126) | (40,576,041) |
1,315,452,593 | 1,368,655,231 | 628,726,790 | 700,434,096 | 3,578,024,749 | 4,357,851,877 | 326,532,544 | 367,108,585 |
$1,043,813,557 | $1,315,452,593 | $453,852,211 | $628,726,790 | $2,277,679,789 | $3,578,024,749 | $246,493,418 | $326,532,544 |
Touchstone Flexible Income Fund | Touchstone Focused Fund | |||||||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A | ||||||||
Proceeds from Shares issued | 1,055,530 | $10,790,589 | 1,667,801 | $18,708,179 | 61,828 | $3,383,575 | 251,214 | $15,729,509 |
Reinvestment of distributions | 137,943 | 1,407,009 | 287,086 | 3,194,417 | — | — | 40,130 | 2,514,954 |
Cost of Shares redeemed | (1,215,671) | (12,383,453) | (2,092,760) | (23,321,227) | (124,079) | (6,893,789) | (241,848) | (15,316,752) |
Change from Class A Share Transactions | (22,198) | (185,855) | (137,873) | (1,418,631) | (62,251) | (3,510,214) | 49,496 | 2,927,711 |
Class C | ||||||||
Proceeds from Shares issued | 151,220 | 1,511,300 | 570,123 | 6,275,318 | 3,644 | 174,801 | 13,299 | 768,119 |
Reinvestment of distributions | 35,755 | 358,898 | 84,578 | 926,694 | — | — | 24,476 | 1,402,008 |
Cost of Shares redeemed | (668,696) | (6,727,860) | (1,144,286) | (12,561,013) | (57,257) | (2,852,283) | (139,769) | (8,043,500) |
Change from Class C Share Transactions | (481,721) | (4,857,662) | (489,585) | (5,359,001) | (53,613) | (2,677,482) | (101,994) | (5,873,373) |
Class Y | ||||||||
Proceeds from Shares issued | 10,748,760 | 110,064,071 | 22,477,042 | 252,114,312 | 126,320 | 6,810,177 | 491,672 | 30,921,050 |
Reinvestment of distributions | 936,197 | 9,579,775 | 1,864,466 | 20,791,361 | — | — | 998,513 | 63,493,935 |
Cost of Shares redeemed | (15,913,459) | (162,993,450) | (14,691,501) | (163,062,234) | (623,659) | (34,030,143) | (1,290,574) | (81,764,429) |
Change from Class Y Share Transactions | (4,228,502) | (43,349,604) | 9,650,007 | 109,843,439 | (497,339) | (27,219,966) | 199,611 | 12,650,556 |
Institutional Class | ||||||||
Proceeds from Shares issued | 1,019,154 | 10,518,297 | 4,586,557 | 51,827,041 | 560,307 | 30,881,474 | 1,139,671 | 73,216,877 |
Reinvestment of distributions | 36,544 | 373,474 | 102,953 | 1,154,181 | — | — | 26,163 | 1,671,930 |
Cost of Shares redeemed | (501,525) | (5,127,214) | (4,708,529) | (52,950,565) | (558,642) | (30,952,380) | (1,117,980) | (72,693,521) |
Change from Institutional Class Share Transactions | 554,173 | 5,764,557 | (19,019) | 30,657 | 1,665 | (70,906) | 47,854 | 2,195,286 |
Class R6 | ||||||||
Proceeds from Shares issued | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | — | — | — | — | — | — |
Cost of Shares redeemed | — | — | — | — | — | — | — | — |
Change from Class R6 Share Transactions | — | — | — | — | — | — | — | — |
Change from Share Transactions | (4,178,248) | $(42,628,564) | 9,003,530 | $103,096,464 | (611,538) | $(33,478,568) | 194,967 | $11,900,180 |
^ | The September 30, 2022 and March 31, 2022 Class C share amounts relating to Proceeds from Shares issued, Reinvestment of distributions, Cost of Shares redeemed, and Change from Class C Share Transactions as well as Change from Share transactions were updated to reflect the effect of a 1 for 0.670946 and 1 for 0.466797 reverse stock split for Class C shares of the Growth Opportunities Fund and the Mid Cap Growth Fund, respectively, on October 14, 2022 (See Note 9 in the Notes to Financial Statements). |
Touchstone Growth Opportunities Fund^ | Touchstone Mid Cap Growth Fund^ | ||||||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | ||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars |
17,685 | $593,312 | 116,102 | $5,145,067 | 794,139 | $23,364,643 | 609,620 | $22,987,724 |
— | — | 235,351 | 9,694,083 | — | — | 1,172,612 | 43,046,572 |
(68,342) | (2,278,757) | (157,163) | (6,656,749) | (797,880) | (23,360,487) | (1,648,188) | (65,483,714) |
(50,657) | (1,685,445) | 194,290 | 8,182,401 | (3,741) | 4,156 | 134,044 | 550,582 |
3,580 | 116,080 | 3,751 | 158,216 | 24,294 | 757,230 | 119,599 | 4,681,124 |
— | — | 9,197 | 380,795 | — | — | 133,006 | 4,912,253 |
(2,480) | (81,233) | (8,953) | (417,551) | (58,321) | (1,809,684) | (160,628) | (6,896,222) |
1,100 | 34,847 | 3,995 | 121,460 | (34,027) | (1,052,454) | 91,977 | 2,697,155 |
109,272 | 3,832,594 | 62,537 | 2,694,760 | 3,303,102 | 104,502,173 | 3,105,793 | 124,588,934 |
— | — | 100,436 | 4,383,031 | — | — | 2,372,638 | 92,627,783 |
(151,847) | (5,115,626) | (245,530) | (10,959,478) | (2,373,448) | (73,559,684) | (3,743,224) | (153,939,239) |
(42,575) | (1,283,032) | (82,557) | (3,881,687) | 929,654 | 30,942,489 | 1,735,207 | 63,277,478 |
356,595 | 12,907,665 | 418,535 | 18,866,379 | 2,953,230 | 90,669,940 | 5,904,177 | 248,082,533 |
— | — | 250,571 | 11,185,510 | — | — | 946,844 | 37,513,952 |
(437,452) | (15,978,067) | (540,597) | (24,601,278) | (2,340,913) | (72,216,978) | (10,207,590) | (421,663,326) |
(80,857) | (3,070,402) | 128,509 | 5,450,611 | 612,317 | 18,452,962 | (3,356,569) | (136,066,841) |
— | — | — | — | 1,075,192 | 34,052,842 | 3,279,068 | 128,766,328 |
— | — | — | — | — | — | 103,297 | 4,098,831 |
— | — | — | — | (696,844) | (22,055,831) | (510,052) | (19,015,216) |
— | — | — | — | 378,348 | 11,997,011 | 2,872,313 | 113,849,943 |
(172,989) | $(6,004,032) | 244,237 | $9,872,785 | 1,882,551 | $60,344,164 | 1,476,972 | $44,308,317 |
Touchstone Non-US ESG Equity Fund^ | Touchstone Sands Capital Emerging Markets Growth Fund | |||||||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022 | For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022(A) | |||||
Shares | Dollars | Shares | Dollars | Shares | Dollars | Shares | Dollars | |
Class A(C) | ||||||||
Proceeds from Shares issued | 175,813 | $3,666,585 | 432,087 | $11,322,133 | 448,985 | $6,023,045 | 932,246 | $19,378,943 |
Proceeds from Shares issued in connection with reorganization | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 2,136,876 | 52,709,823 | — | — | 18,043 | 338,842 |
Cost of Shares redeemed | (888,460) | (18,376,039) | (1,705,650) | (44,459,413) | (407,447) | (5,500,384) | (650,702) | (13,094,200) |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class A Share Transactions | (712,647) | (14,709,454) | 863,313 | 19,572,543 | 41,538 | 522,661 | 299,587 | 6,623,585 |
Class B(C) | ||||||||
Proceeds from Shares issued | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | — | — | — | — | — | — |
Share conversion in connection with reorganization | — | — | — | — | — | — | — | — |
Cost of Shares redeemed | — | — | — | — | — | — | — | — |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class B Share Transactions | — | — | — | — | — | — | — | — |
Class C | ||||||||
Proceeds from Shares issued | 3,943 | 84,292 | 19,427 | 516,469 | 36,790 | 494,683 | 247,366 | 5,076,527 |
Proceeds from Shares issued in connection with reorganization | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 30,652 | 754,402 | — | — | 5,585 | 103,264 |
Cost of Shares redeemed | (44,517) | (908,648) | (98,401) | (2,672,085) | (88,037) | (1,164,579) | (121,471) | (2,287,859) |
Shares issued (reacquired) upon automatic conversion | — | — | — | — | — | — | — | — |
Change from Class C Share Transactions | (40,574) | (824,356) | (48,322) | (1,401,214) | (51,247) | (669,896) | 131,480 | 2,891,932 |
Class Y(D) | ||||||||
Proceeds from Shares issued | 367,784 | 7,890,055 | 1,119,047 | 30,099,850 | 16,923,772 | 232,479,222 | 48,172,669 | 986,485,910 |
Proceeds from Shares issued in connection with reorganization | — | — | — | — | — | — | — | — |
Reinvestment of distributions | — | — | 684,123 | 17,627,865 | — | — | 1,333,117 | 25,169,244 |
Cost of Shares redeemed | (1,397,097) | (29,405,395) | (2,065,129) | (56,169,100) | (38,339,508) | (517,862,933) | (42,471,629) | (813,009,608) |
Change from Class Y Share Transactions | (1,029,313) | (21,515,340) | (261,959) | (8,441,385) | (21,415,736) | (285,383,711) | 7,034,157 | 198,645,546 |
Institutional Class | ||||||||
Proceeds from Shares issued | 734,355 | 14,993,172 | 55,768 | 1,586,151 | 13,055,736 | 179,069,167 | 43,802,336 | 910,162,747 |
Reinvestment of distributions | — | — | 36,893 | 951,899 | — | — | 1,433,905 | 27,215,524 |
Cost of Shares redeemed | (651,426) | (13,343,062) | (176,204) | (4,994,285) | (17,636,774) | (245,294,973) | (99,672,313) | (2,063,656,334) |
Change from Institutional Class Share Transactions | 82,929 | 1,650,110 | (83,543) | (2,456,235) | (4,581,038) | (66,225,806) | (54,436,072) | (1,126,278,063) |
Class R6 | ||||||||
Proceeds from Shares issued | — | — | — | — | 12,968,511 | 180,202,552 | 81,005,724 | 1,661,844,627 |
Reinvestment of distributions | — | — | — | — | — | — | 131,400 | 2,492,653 |
Cost of Shares redeemed | — | — | — | — | (28,331,001) | (395,185,123) | (11,013,749) | (202,885,847) |
Change from Class R6 Share Transactions | — | — | — | — | (15,362,490) | (214,982,571) | 70,123,375 | 1,461,451,433 |
Change from Share Transactions | (1,699,605) | $(35,399,040) | 469,489 | $7,273,709 | (41,368,973) | $(566,739,323) | 23,152,527 | $543,334,433 |
^ | The September 30, 2022 and March 31, 2022 Class C share amounts relating to Proceeds from Shares issued, Reinvestment of distributions, Cost of Shares redeemed, and Change from Class C Share Transactions as well as Change from Share transactions were updated to reflect the effect of a 1 for 0.801806 reverse stock split for Class C shares of the Non-US ESG Equity Fund on October 14, 2022 (See Note 9 in the Notes to Financial Statements). |
(A) | Represents the period from commencement of operations (April 26, 2021) through March 31, 2022 for Class R6. |
(B) | Represents the period from commencement of operations (July 19, 2021) through March 31, 2022 for Institutional Class. |
(C) | Effective July 16, 2021, Class B shares of the AIG Strategic Bond Fund were reorganized into Class A shares of the Touchstone Strategic Income Opportunities Fund. |
(D) | Effective July 16, 2021, Class W shares of the AIG Strategic Bond Fund were reorganized into Class Y shares of the Touchstone Strategic Income Opportunities Fund. |
Touchstone Strategic Income Opportunities Fund | |||
For the Six Months Ended September 30, 2022 (Unaudited) | For the Year Ended March 31, 2022(B) | ||
Shares | Dollars | Shares | Dollars |
1,663,748 | $5,164,533 | 4,815,857 | $16,755,101 |
— | — | 26,968,139 | 94,970,590 |
817,057 | 2,487,876 | 1,239,383 | 4,277,504 |
(7,072,834) | (21,701,911) | (28,766,399) | (100,196,298) |
— | — | — | — |
(4,592,029) | (14,049,502) | 4,256,980 | 15,806,897 |
— | — | 27,227 | 94,973 |
— | — | 22,614 | 79,292 |
— | — | (3,685,534) | (12,956,491) |
— | — | (423,691) | (1,483,312) |
— | — | — | — |
— | — | (4,059,384) | (14,265,538) |
90,588 | 283,069 | 394,276 | 1,380,604 |
— | — | 9,310,842 | 32,869,573 |
137,278 | 419,832 | 183,496 | 634,467 |
(3,279,347) | (10,187,142) | (8,410,971) | (29,216,271) |
— | — | — | — |
(3,051,481) | (9,484,241) | 1,477,643 | 5,668,373 |
1,130,614 | 3,475,450 | 7,611,638 | 26,407,679 |
— | — | 26,820,573 | 94,266,176 |
415,819 | 1,264,463 | 794,450 | 2,740,342 |
(7,602,554) | (23,438,825) | (42,985,020) | (149,585,379) |
(6,056,121) | (18,698,912) | (7,758,359) | (26,171,182) |
— | — | 84,145 | 293,419 |
1,662 | 5,050 | 1,194 | 4,036 |
(13,257) | (40,689) | (4,649) | (15,982) |
(11,595) | (35,639) | 80,690 | 281,473 |
— | — | — | — |
— | — | — | — |
— | — | — | — |
— | — | — | — |
(13,711,226) | $(42,268,294) | (6,002,430) | $(18,679,977) |
Touchstone Flexible Income 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(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 | ||||||||||||||||||||||||||||
03/31/18 | $10.71 | $0.26 | $0.11 | $0.37 | $(0.27) | $ — | $(0.27) | $10.81 | 3.46% | $136,609 | 1.06% | 1.14% | 2.60% | 100%(4) | ||||||||||||||
03/31/19 | 10.81 | 0.39 | (0.01) | 0.38 | (0.38) | (0.06) | (0.44) | 10.75 | 3.59 | 110,460 | 1.04 | 1.11 | 3.50 | 171 | ||||||||||||||
03/31/20 | 10.75 | 0.34 | (0.68) | (0.34) | (0.36) | — | (0.36) | 10.05 | (3.33) | 99,460 | 1.05 | 1.14 | 3.12 | 136 | ||||||||||||||
03/31/21 | 10.05 | 0.41 | 1.16 | 1.57 | (0.41) | (0.10) | (0.51) | 11.11 | 15.72 | 121,317 | 1.04 | 1.09 | 3.79 | 103 | ||||||||||||||
03/31/22 | 11.11 | 0.34 | (0.52) | (0.18) | (0.36) | — | (0.36) | 10.57 | (1.76) | 113,880 | 1.09 | 1.11 | 3.05 | 61 | ||||||||||||||
09/30/22(5) | 10.57 | 0.18 | (0.69) | (0.51) | (0.16) | — | (0.16) | 9.90 | (4.86)(6) | 106,497 | 1.11(7) | 1.15(7) | 3.49(7) | 30(6) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
03/31/18 | $10.57 | $0.20 | $0.09 | $0.29 | $(0.19) | $ — | $(0.19) | $10.67 | 2.73% | $100,800 | 1.81% | 1.89% | 1.85% | 100%(4) | ||||||||||||||
03/31/19 | 10.67 | 0.30 | (0.01) | 0.29 | (0.30) | (0.06) | (0.36) | 10.60 | 2.77 | 66,926 | 1.79 | 1.86 | 2.75 | 171 | ||||||||||||||
03/31/20 | 10.60 | 0.24 | (0.66) | (0.42) | (0.28) | — | (0.28) | 9.90 | (4.09) | 50,767 | 1.80 | 1.91 | 2.37 | 136 | ||||||||||||||
03/31/21 | 9.90 | 0.32 | 1.15 | 1.47 | (0.33) | (0.10) | (0.43) | 10.94 | 14.89 | 44,389 | 1.79 | 1.85 | 3.04 | 103 | ||||||||||||||
03/31/22 | 10.94 | 0.25 | (0.51) | (0.26) | (0.28) | — | (0.28) | 10.40 | (2.52) | 37,087 | 1.84 | 1.87 | 2.30 | 61 | ||||||||||||||
09/30/22(5) | 10.40 | 0.13 | (0.67) | (0.54) | (0.12) | — | (0.12) | 9.74 | (5.20)(6) | 30,054 | 1.86(7) | 1.92(7) | 2.74(7) | 30(6) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
03/31/18 | $10.75 | $0.31 | $0.09 | $0.40 | $(0.30) | $ — | $(0.30) | $10.85 | 3.71% | $628,693 | 0.82% | 0.90% | 2.84% | 100%(4) | ||||||||||||||
03/31/19 | 10.85 | 0.42 | (0.02) | 0.40 | (0.41) | (0.06) | (0.47) | 10.78 | 3.75 | 459,861 | 0.79 | 0.84 | 3.75 | 171 | ||||||||||||||
03/31/20 | 10.78 | 0.37 | (0.68) | (0.31) | (0.39) | — | (0.39) | 10.08 | (3.07) | 464,910 | 0.80 | 0.87 | 3.37 | 136 | ||||||||||||||
03/31/21 | 10.08 | 0.44 | 1.17 | 1.61 | (0.44) | (0.10) | (0.54) | 11.15 | 16.07 | 587,810 | 0.79 | 0.83 | 4.04 | 103 | ||||||||||||||
03/31/22 | 11.15 | 0.36 | (0.53) | (0.17) | (0.38) | — | (0.38) | 10.60 | (1.61) | 661,266 | 0.84 | 0.85 | 3.30 | 61 | ||||||||||||||
09/30/22(5) | 10.60 | 0.19 | (0.68) | (0.49) | (0.17) | — | (0.17) | 9.94 | (4.63)(6) | 577,695 | 0.86(7) | 0.89(7) | 3.74(7) | 30(6) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
03/31/18 | $10.74 | $0.33 | $0.08 | $0.41 | $(0.31) | $ — | $(0.31) | $10.84 | 3.81% | $86,578 | 0.72% | 0.86% | 2.94% | 100%(4) | ||||||||||||||
03/31/19 | 10.84 | 0.44 | (0.02) | 0.42 | (0.42) | (0.06) | (0.48) | 10.78 | 3.95 | 59,138 | 0.69 | 0.82 | 3.85 | 171 | ||||||||||||||
03/31/20 | 10.78 | 0.40 | (0.70) | (0.30) | (0.40) | — | (0.40) | 10.08 | (3.02) | 25,798 | 0.70 | 0.88 | 3.47 | 136 | ||||||||||||||
03/31/21 | 10.08 | 0.45 | 1.16 | 1.61 | (0.45) | (0.10) | (0.55) | 11.14 | 16.19 | 36,136 | 0.69 | 0.84 | 4.14 | 103 | ||||||||||||||
03/31/22 | 11.14 | 0.37 | (0.52) | (0.15) | (0.39) | — | (0.39) | 10.60 | (1.45) | 34,177 | 0.74 | 0.84 | 3.40 | 61 | ||||||||||||||
09/30/22(5) | 10.60 | 0.19 | (0.68) | (0.49) | (0.18) | — | (0.18) | 9.93 | (4.67)(6) | 37,533 | 0.76(7) | 0.87(7) | 3.84(7) | 30(6) |
(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 ratio of net expenses to average net assets excluding dividend and interest expense on securities sold short for Class A was 1.04%, 1.04%, 1.04% and 1.06%, for Class C was 1.79%, 1.79%, 1.79% and 1.81%, for Class Y was 0.79%, 0.79%, 0.79% and 0.82% and for Institutional Class was 0.69%, 0.69%, 0.69% and 0.72% for the six months ended September 30,2022, and years ended March 31, 2022, 2020 and 2018, respectively. |
(3) | The ratio of gross expenses to average net assets excluding dividend and interest expense on securities sold short for Class A was 1.08%, 1.06%, 1.13% and 1.14%, for Class C was 1.85%, 1.82%, 1.90% and 1.89%, for Class Y was 0.82%, 0.80%, 0.86% and 0.90% and for Institutional Class was 0.80%, 0.79%, 0.87% and 0.86% for the six months ended September 30,2022 and the years ended March 31, 2022, 2020 and 2018, respectively. |
(4) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Multi-Asset Income Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
(5) | Unaudited. |
(6) | Not annualized. |
(7) | Annualized. |
Touchstone Focused Fund | ||||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income (loss)(1) | 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(2) | Net assets at end of period (000's) | Ratio of net expenses to average net assets(3) | Ratio of gross expenses to average net assets(4) | Ratio of net investment income (loss) to average net assets | Portfolio turnover rate | ||||||||||||||
Class A | ||||||||||||||||||||||||||||
03/31/18 | $41.47 | $0.17 | $4.02 | $4.19 | $— | $ (2.73) | $(2.73) | $42.93 | 10.13% | $167,354 | 1.20% | 1.29% | 0.40% | 8%(5) | ||||||||||||||
03/31/19 | 42.93 | 0.14 | 1.39 | 1.53 | (0.01) | (1.77) | (1.78) | 42.68 | 3.82 | 55,399 | 1.20 | 1.32 | 0.32 | 12 | ||||||||||||||
03/31/20 | 42.68 | 0.14 | (3.56) | (3.42) | (0.10) | (2.71) | (2.81) | 36.45 | (9.14) | 27,889 | 1.20(6) | 1.19 | 0.31 | 13 | ||||||||||||||
03/31/21 | 36.45 | (0.02) | 24.92 | 24.90 | — | (2.92) | (2.92) | 58.43 | 69.38 | 48,419 | 1.22 | 1.22 | (0.05) | 18(5) | ||||||||||||||
03/31/22 | 58.43 | (0.10) | 5.72 | 5.62 | (0.03) | (3.64) | (3.67) | 60.38 | 9.38 | 53,028 | 1.15 | 1.15 | (0.17) | 14(5) | ||||||||||||||
09/30/22(7) | 60.38 | 0.01 | (12.01) | (12.00) | — | — | — | 48.38 | (19.87)(8) | 39,476 | 1.18(9) | 1.18(9) | 0.03(9) | 2(5)(8) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
03/31/18 | $39.90 | $(0.14) | $3.86 | $3.72 | $— | $ (2.73) | $(2.73) | $40.89 | 9.34% | $41,635 | 1.94% | 1.94% | (0.34)% | 8%(5) | ||||||||||||||
03/31/19 | 40.89 | (0.18) | 1.32 | 1.14 | — | (1.77) | (1.77) | 40.26 | 3.03 | 33,875 | 1.95 | 1.95 | (0.43) | 12 | ||||||||||||||
03/31/20 | 40.26 | (0.18) | (3.31) | (3.49) | — | (2.71) | (2.71) | 34.06 | (9.80) | 21,961 | 1.95 | 1.98 | (0.44) | 13 | ||||||||||||||
03/31/21 | 34.06 | (0.36) | 23.19 | 22.83 | — | (2.92) | (2.92) | 53.97 | 68.10 | 25,241 | 1.96 | 1.96 | (0.79) | 18(5) | ||||||||||||||
03/31/22 | 53.97 | (0.53) | 5.30 | 4.77 | — | (3.64) | (3.64) | 55.10 | 8.58 | 20,147 | 1.91 | 1.91 | (0.92) | 14(5) | ||||||||||||||
09/30/22(7) | 55.10 | (0.19) | (10.93) | (11.12) | — | — | — | 43.98 | (20.18)(8) | 13,722 | 1.96(9) | 1.97(9) | (0.75)(9) | 2(5)(8) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
03/31/18 | $42.21 | $0.31 | $4.08 | $4.39 | $(0.37) | $ (2.73) | $(3.10) | $43.50 | 10.43% | $972,273 | 0.91% | 0.91% | 0.69% | 8%(5) | ||||||||||||||
03/31/19 | 43.50 | 0.27 | 1.39 | 1.66 | (0.27) | (1.77) | (2.04) | 43.12 | 4.13 | 879,704 | 0.91 | 0.91 | 0.61 | 12 | ||||||||||||||
03/31/20 | 43.12 | 0.26 | (3.58) | (3.32) | (0.27) | (2.71) | (2.98) | 36.82 | (8.86) | 680,934 | 0.91 | 0.91 | 0.60 | 13 | ||||||||||||||
03/31/21 | 36.82 | 0.13 | 25.21 | 25.34 | (0.14) | (2.92) | (3.06) | 59.10 | 69.89 | 1,058,713 | 0.91 | 0.91 | 0.27 | 18(5) | ||||||||||||||
03/31/22 | 59.10 | 0.08 | 5.80 | 5.88 | (0.12) | (3.64) | (3.76) | 61.22 | 9.71 | 1,108,883 | 0.86 | 0.86 | 0.12 | 14(5) | ||||||||||||||
09/30/22(7) | 61.22 | 0.09 | (12.19) | (12.10) | — | — | — | 49.12 | (19.76)(8) | 865,396 | 0.89(9) | 0.89(9) | 0.32(9) | 2(5)(8) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
03/31/18 | $42.38 | $0.34 | $4.11 | $4.45 | $(0.42) | $ (2.73) | $(3.15) | $43.68 | 10.54% | $22,556 | 0.83% | 0.92% | 0.77% | 8%(5) | ||||||||||||||
03/31/19 | 43.68 | 0.30 | 1.39 | 1.69 | (0.30) | (1.77) | (2.07) | 43.30 | 4.20 | 29,382 | 0.83 | 0.92 | 0.69 | 12 | ||||||||||||||
03/31/20 | 43.30 | 0.30 | (3.60) | (3.30) | (0.31) | (2.71) | (3.02) | 36.98 | (8.79) | 15,267 | 0.83 | 0.92 | 0.68 | 13 | ||||||||||||||
03/31/21 | 36.98 | 0.16 | 25.33 | 25.49 | (0.17) | (2.92) | (3.09) | 59.38 | 70.00 | 15,323 | 0.85 | 0.94 | 0.32 | 18(5) | ||||||||||||||
03/31/22 | 59.38 | 0.09 | 5.84 | 5.93 | (0.13) | (3.64) | (3.77) | 61.54 | 9.75 | 18,825 | 0.84 | 0.88 | 0.15 | 14(5) | ||||||||||||||
09/30/22(7) | 61.54 | 0.10 | (12.25) | (12.15) | — | — | — | 49.39 | (19.74)(8) | 15,192 | 0.84(9) | 0.92(9) | 0.37(9) | 2(5)(8) |
(1) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(2) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(3) | The ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.17%, 1.14% and 1.20%, for Class C was 1.95%, 1.90% and 1.94%, for Class Y was 0.88%, 0.85% and 0.89% and for Institutional Class was 0.83%, 0.83% and 0.83% for the six months ended September 30, 2022 and for the years ended March 31, 2022 and 2021, respectively. |
(4) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.17%, 1.14% and 1.20%, for Class C was 1.96%, 1.90% and 1.94%, for Class Y was 0.88%, 0.85% and 0.89% and for Institutional Class was 0.91%, 0.87% and 0.92% for the six months ended September 30, 2022 and years ended March 31, 2022 and 2021, respectively. |
(5) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(6) | Net expenses include amounts recouped by the Advisor. |
(7) | Unaudited. |
(8) | Not annualized. |
(9) | Annualized. |
Touchstone Growth Opportunities 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 | ||||||||||||||||||||||||||||
03/31/18 | $30.20 | $(0.11) | $5.89 | $5.78 | $— | $ (3.19) | $(3.19) | $32.79 | 19.51% | $39,901 | 1.24% | 1.38% | (0.32)% | 86% | ||||||||||||||
03/31/19 | 32.79 | (0.05) | 3.10 | 3.05 | — | (3.13) | (3.13) | 32.71 | 10.40 | 42,404 | 1.24 | 1.37 | (0.17) | 94(4) | ||||||||||||||
03/31/20 | 32.71 | (0.04) | 0.99 | 0.95 | — | (5.72) | (5.72) | 27.94 | 0.63 | 37,150 | 1.25 | 1.41 | (0.12) | 101(4) | ||||||||||||||
03/31/21 | 27.94 | (0.20) | 17.44 | 17.24 | — | (4.11) | (4.11) | 41.07 | 62.56 | 56,877 | 1.24 | 1.34 | (0.55) | 65 | ||||||||||||||
03/31/22 | 41.07 | (0.21)(5) | 4.97 | 4.76 | — | (7.19) | (7.19) | 38.64 | 10.48 | 61,006 | 1.25 | 1.31 | (0.48) | 47(4) | ||||||||||||||
09/30/22(6) | 38.64 | (0.03)(5) | (8.98) | (9.01) | — | — | — | 29.63 | (23.27)(7) | 45,281 | 1.27(8) | 1.38(8) | (0.21)(8) | 23(4)(7) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
03/31/18^ | $38.16 | $(0.43) | $7.39 | $6.96 | $— | $ (4.75) | $(4.75) | $40.37 | 18.65% | $8,680 | 1.99% | 2.29% | (1.07)% | 86% | ||||||||||||||
03/31/19^ | 40.37 | (0.73) | 4.05 | 3.32 | — | (4.67) | (4.67) | 39.02 | 9.54 | 3,863 | 1.99 | 2.32 | (0.92) | 94(4) | ||||||||||||||
03/31/20^ | 39.02 | (0.34) | 1.43 | 1.09 | — | (8.53) | (8.53) | 31.58 | (0.09) | 2,724 | 2.00 | 2.61 | (0.87) | 101(4) | ||||||||||||||
03/31/21^ | 31.58 | (1.15) | 20.17 | 19.02 | — | (6.13) | (6.13) | 44.47 | 61.29 | 1,853 | 1.99 | 2.70 | (1.30) | 65 | ||||||||||||||
03/31/22^ | 44.47 | (0.57)(5) | 5.57 | 5.00 | — | (10.72) | (10.72) | 38.75 | 9.64 | 1,769 | 2.00 | 2.64 | (1.23) | 47(4) | ||||||||||||||
09/30/22^(6) | 38.75 | (0.16)(5) | (8.99) | (9.15) | — | — | — | 29.60 | (23.55)(7) | 1,384 | 2.02(8) | 2.88(8) | (0.96)(8) | 23(4)(7) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
03/31/18 | $30.87 | $(0.02) | $6.03 | $6.01 | $— | $ (3.19) | $(3.19) | $33.69 | 19.80% | $47,554 | 0.99% | 1.07% | (0.07)% | 86% | ||||||||||||||
03/31/19 | 33.69 | 0.03 | 3.19 | 3.22 | — | (3.13) | (3.13) | 33.78 | 10.67 | 43,703 | 0.99 | 1.08 | 0.08 | 94(4) | ||||||||||||||
03/31/20 | 33.78 | 0.04 | 1.01 | 1.05 | — | (5.72) | (5.72) | 29.11 | 0.92 | 26,610 | 1.00 | 1.14 | 0.13 | 101(4) | ||||||||||||||
03/31/21 | 29.11 | (0.12) | 18.20 | 18.08 | — | (4.11) | (4.11) | 43.08 | 62.93 | 30,742 | 0.99 | 1.13 | (0.30) | 65 | ||||||||||||||
03/31/22 | 43.08 | (0.11)(5) | 5.19 | 5.08 | — | (7.19) | (7.19) | 40.97 | 10.75 | 25,851 | 1.00 | 1.10 | (0.23) | 47(4) | ||||||||||||||
09/30/22(6) | 40.97 | 0.01(5) | (9.52) | (9.51) | — | — | — | 31.46 | (23.17)(7) | 18,509 | 1.02(8) | 1.17(8) | 0.04(8) | 23(4)(7) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
03/31/18 | $31.16 | $0.01 | $6.10 | $6.11 | $— | $ (3.19) | $(3.19) | $34.08 | 19.94% | $185,831 | 0.89% | 1.01% | 0.03% | 86% | ||||||||||||||
03/31/19 | 34.08 | 0.09 | 3.21 | 3.30 | (0.03) | (3.13) | (3.16) | 34.22 | 10.79 | 71,406 | 0.89 | 1.01 | 0.18 | 94(4) | ||||||||||||||
03/31/20 | 34.22 | 0.06 | 1.02 | 1.08 | — | (5.72) | (5.72) | 29.58 | 1.00 | 96,361 | 0.90 | 1.05 | 0.23 | 101(4) | ||||||||||||||
03/31/21 | 29.58 | (0.06) | 18.49 | 18.43 | — | (4.11) | (4.11) | 43.90 | 63.13 | 71,461 | 0.89 | 1.03 | (0.20) | 65 | ||||||||||||||
03/31/22 | 43.90 | (0.06)(5) | 5.27 | 5.21 | — | (7.19) | (7.19) | 41.92 | 10.84 | 73,624 | 0.90 | 1.02 | (0.13) | 47(4) | ||||||||||||||
09/30/22(6) | 41.92 | 0.03(5) | (9.75) | (9.72) | — | — | — | 32.20 | (23.14)(7) | 53,953 | 0.92(8) | 1.07(8) | 0.14(8) | 23(4)(7) |
^ | Updated to reflect the effect of a 1 for 0.670946 reverse stock split for Class C shares on October 14, 2022 (See Note 9 in the Notes to Financial Statements). All historical per share information has been retroactively adjusted to reflect this reverse stock split. |
(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 ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.24%, 1.24% and 1.24%, for Class C was 1.99%, 1.99% and 1.99%, for Class Y was 0.99%, 0.99% and 0.99% and for Institutional Class was 0.89%, 0.89% and 0.89% for the six months ended September 30, 2022 and the years ended March 31, 2022 and 2020, respectively. |
(3) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.35%, 1.30% and 1.40%, for Class C was 2.85%, 2.63% and 2.60%, for Class Y was 1.14%,1.09% and 1.13% and for Institutional Class was 1.04% 1.01% and 1.04% for the six months ended September 30,2022 and the years ended March 31, 2022 and 2020, respectively. |
(4) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(5) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(6) | Unaudited. |
(7) | Not annualized. |
(8) | Annualized. |
Touchstone Mid Cap 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(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 | ||||||||||||||||||||||||||||
03/31/18 | $25.91 | $(0.08)(4) | $4.95 | $4.87 | $— | $ (2.73) | $(2.73) | $28.05 | 19.28% | $218,727 | 1.29% | 1.29% | (0.29)% | 76% | ||||||||||||||
03/31/19 | 28.05 | (0.09) | 3.36 | 3.27 | — | (2.06) | (2.06) | 29.26 | 12.77 | 262,492 | 1.27 | 1.27 | (0.35) | 71 | ||||||||||||||
03/31/20 | 29.26 | (0.07) | (2.06) | (2.13) | (0.01) | (2.23) | (2.24) | 24.89 | (8.78) | 234,307 | 1.25 | 1.25 | (0.24) | 82 | ||||||||||||||
03/31/21 | 24.89 | (0.28) | 15.64 | 15.36 | — | (2.54) | (2.54) | 37.71 | 61.98 | 322,432 | 1.23 | 1.23 | (0.75) | 65(5) | ||||||||||||||
03/31/22 | 37.71 | (0.26)(4) | 3.44 | 3.18 | — | (6.37) | (6.37) | 34.52 | 7.43 | 299,763 | 1.21 | 1.21 | (0.65) | 60(5) | ||||||||||||||
09/30/22(6) | 34.52 | (0.04)(4) | (8.50) | (8.54) | — | — | — | 25.98 | (24.74)(7) | 225,540 | 1.24(8) | 1.24(8) | (0.26)(8) | 28(5)(7) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
03/31/18^ | $38.22 | $(0.43)(4) | $7.20 | $6.77 | $— | $ (5.85) | $(5.85) | $39.14 | 18.38% | $90,502 | 2.04% | 2.04% | (1.04)% | 76% | ||||||||||||||
03/31/19^ | 39.14 | (1.05) | 5.06 | 4.01 | — | (4.41) | (4.41) | 38.74 | 11.91 | 32,831 | 2.04 | 2.04 | (1.12) | 71 | ||||||||||||||
03/31/20^ | 38.74 | (0.69) | (2.08) | (2.77) | — | (4.78) | (4.78) | 31.19 | (9.55) | 20,918 | 2.07 | 2.07 | (1.06) | 82 | ||||||||||||||
03/31/21^ | 31.19 | (1.67) | 20.46 | 18.79 | — | (5.44) | (5.44) | 44.54 | 60.65 | 18,939 | 2.07 | 2.07 | (1.59) | 65(5) | ||||||||||||||
03/31/22^ | 44.54 | (0.64)(4) | 4.39 | 3.75 | — | (13.65) | (13.65) | 34.64 | 6.53 | 17,918 | 2.04 | 2.04 | (1.48) | 60(5) | ||||||||||||||
09/30/22^(6) | 34.64 | (0.17)(4) | (8.51) | (8.68) | — | — | — | 25.96 | (25.05)(7) | 12,546 | 2.09(8) | 2.09(8) | (1.11)(8) | 28(5)(7) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
03/31/18 | $26.70 | $(0.01)(4) | $5.11 | $5.10 | $— | $ (2.73) | $(2.73) | $29.07 | 19.62% | $375,617 | 1.02% | 1.02% | (0.02)% | 76% | ||||||||||||||
03/31/19 | 29.07 | (0.03) | 3.52 | 3.49 | — | (2.06) | (2.06) | 30.50 | 13.05 | 452,407 | 1.02 | 1.02 | (0.10) | 71 | ||||||||||||||
03/31/20 | 30.50 | (—)(9) | (2.17) | (2.17) | (0.06) | (2.23) | (2.29) | 26.04 | (8.58) | 424,403 | 1.01 | 1.01 | (—)(9) | 82 | ||||||||||||||
03/31/21 | 26.04 | (0.18) | 16.36 | 16.18 | — | (2.54) | (2.54) | 39.68 | 62.40 | 641,218 | 0.99 | 0.99 | (0.52) | 65(5) | ||||||||||||||
03/31/22 | 39.68 | (0.18)(4) | 3.59 | 3.41 | — | (6.37) | (6.37) | 36.72 | 7.65 | 657,182 | 0.99 | 0.99 | (0.43) | 60(5) | ||||||||||||||
09/30/22(6) | 36.72 | (0.01)(4) | (9.04) | (9.05) | — | — | — | 27.67 | (24.65)(7) | 520,963 | 1.01(8) | 1.01(8) | (0.04)(8) | 28(5)(7) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
03/31/18 | $26.90 | $(—)(4)(9) | $5.15 | $5.15 | $— | $ (2.73) | $(2.73) | $29.32 | 19.62% | $95,176 | 0.99% | 0.99% | 0.01% | 76% | ||||||||||||||
03/31/19 | 29.32 | (0.01) | 3.54 | 3.53 | — | (2.06) | (2.06) | 30.79 | 13.10 | 349,865 | 0.97(10) | 0.97 | (0.06) | 71 | ||||||||||||||
03/31/20 | 30.79 | 0.01 | (2.18) | (2.17) | (0.07) | (2.23) | (2.30) | 26.32 | (8.49) | 357,769 | 0.94 | 0.94 | 0.06 | 82 | ||||||||||||||
03/31/21 | 26.32 | (0.20) | 16.58 | 16.38 | — | (2.54) | (2.54) | 40.16 | 62.50 | 381,463 | 0.91 | 0.92 | (0.44) | 65(5) | ||||||||||||||
03/31/22 | 40.16 | (0.14)(4) | 3.64 | 3.50 | — | (6.37) | (6.37) | 37.29 | 7.79 | 229,028 | 0.88 | 0.91 | (0.32) | 60(5) | ||||||||||||||
09/30/22(6) | 37.29 | 0.02(4) | (9.19) | (9.17) | — | — | — | 28.12 | (24.59)(7) | 189,934 | 0.87(8) | 0.96(8) | 0.11(8) | 28(5)(7) | ||||||||||||||
Class R6 | ||||||||||||||||||||||||||||
03/31/20(11) | $35.72(12) | $(—)(9) | $(9.40) | $(9.40) | $— | $ — | $— | $26.32 | (26.32)%(7) | $2 | 0.89%(8) | 1,279.20%(8) | (0.02)%(8) | 82% | ||||||||||||||
03/31/21 | 26.32 | (0.11) | 16.51 | 16.40 | — | (2.54) | (2.54) | 40.18 | 62.58 | 4,603 | 0.85 | 1.47 | (0.37) | 65(5) | ||||||||||||||
03/31/22 | 40.18 | (0.09)(4) | 3.63 | 3.54 | — | (6.37) | (6.37) | 37.35 | 7.89 | 111,561 | 0.79 | 0.88 | (0.23) | 60(5) | ||||||||||||||
09/30/22(6) | 37.35 | 0.03(4) | (9.20) | (9.17) | — | — | — | 28.18 | (24.55)(7) | 94,830 | 0.78(8) | 0.89(8) | 0.20(8) | 28(5)(7) |
^ | Updated to reflect the effect of a 1 for 0.466797 reverse stock split for Class C shares on October 14, 2022 (See Note 9 in the Notes to Financial Statements). All historical per share information has been retroactively adjusted to reflect this reverse stock split. |
(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 ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.23%, 1.19% and 1.22%, for Class C was 2.08%, 2.02% and 2.06%, for Class Y was 1.00%, 0.97% and 0.98%, for Institutional Class was 0.86% 0.86% and 0.90% and for Class R6 was 0.77%, 0.77% and 0.84% for the six months ended September 30,2022 and the years March 31, 2022 and 2021, respectively. |
(3) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.23%, 1.19% and 1.22%, for Class C was 2.08%, 2.02% and 2.06%, for Class Y was 1.00%, 0.97% and 0.98%, for Institutional Class was 0.95% 0.89% and 0.91%, and for Class R6 was 0.88%, 0.86% and 1.46% for the six months ended September 30,2022 and the years ended March 31, 2022 and 2021, respectively. |
(4) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(5) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(6) | Unaudited. |
(7) | Not annualized. |
(8) | Annualized. |
(9) | Less than $0.005 per share or 0.005%. |
(10) | Net expenses include amounts recouped by the Advisor. |
(11) | Represents the period from commencement of operations (February 10, 2020) through March 31, 2020. |
(12) | Net asset value at the beginning of period is based on the net asset value of Institutional Class shares on February 10, 2020. |
Touchstone Non-US ESG 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(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 | ||||||||||||||||||||||||||||
03/31/18 | $21.52 | $0.03 | $3.37 | $3.40 | $(0.17) | $ (2.74) | $(2.91) | $22.01 | 15.57% | $485,413 | 1.19% | 1.22% | 0.58% | 72%(4) | ||||||||||||||
03/31/19 | 22.01 | 0.15 | (0.29) | (0.14) | (0.17) | (1.76) | (1.93) | 19.94 | (0.37) | 445,608 | 1.17 | 1.17 | 0.70 | 40 | ||||||||||||||
03/31/20 | 19.94 | 0.17(5) | (2.78) | (2.61) | (0.15) | (0.34) | (0.49) | 16.84 | 13.61 | 347,021 | 1.17 | 1.18 | 0.84 | 60 | ||||||||||||||
03/31/21 | 16.84 | 0.14(5) | 9.26 | 9.40 | (0.08) | — | (0.08) | 26.16 | 55.86 | 496,574 | 1.12 | 1.12 | 0.63 | 62 | ||||||||||||||
03/31/22 | 26.16 | 0.18 | (0.27) | (0.09) | (0.23) | (2.78) | (3.01) | 23.06 | (0.98) | 457,750 | 1.09 | 1.09 | 0.74 | 32 | ||||||||||||||
09/30/22(6) | 23.06 | 0.14 | (5.42) | (5.28) | — | — | — | 17.78 | (22.90)(7) | 340,200 | 1.16(8) | 1.16(8) | 1.32(8) | 87(7)(9) | ||||||||||||||
Class C | ||||||||||||||||||||||||||||
03/31/18^ | $23.22 | $(0.06) | $3.56 | $3.50 | $— | $ (3.42) | $(3.42) | $23.30 | 14.75% | $37,513 | 1.99% | 2.05% | (0.23)% | 72%(4) | ||||||||||||||
03/31/19^ | 23.30 | (0.07) | (0.26) | (0.33) | — | (2.20) | (2.20) | 20.77 | (1.18) | 14,926 | 1.99 | 2.03 | (0.12) | 40 | ||||||||||||||
03/31/20^ | 20.77 | —(5)(10) | (2.88) | (2.88) | (0.05) | (0.42) | (0.47) | 17.42 | (14.34) | 8,099 | 1.99 | 2.14 | 0.02 | 60 | ||||||||||||||
03/31/21^ | 17.42 | (0.05)(5) | 9.56 | 9.51 | — | — | — | 26.93 | 54.55 | 7,782 | 1.99 | 2.14 | (0.24) | 62 | ||||||||||||||
03/31/22^ | 26.93 | (0.04) | (0.25) | (0.29) | (0.05) | (3.47) | (3.52) | 23.13 | (1.85) | 5,565 | 1.99 | 2.10 | (0.16) | 32 | ||||||||||||||
09/30/22^(6) | 23.13 | 0.07 | (5.44) | (5.37) | — | — | — | 17.76 | (23.19)(7) | 3,552 | 1.99(8) | 2.24(8) | 0.50(8) | 87(7)(9) | ||||||||||||||
Class Y | ||||||||||||||||||||||||||||
03/31/18 | $22.11 | $0.16 | $3.41 | $3.57 | $(0.19) | $ (2.74) | $(2.93) | $22.75 | 15.90% | $189,837 | 0.94% | 0.99% | 0.82% | 72%(4) | ||||||||||||||
03/31/19 | 22.75 | 0.21 | (0.31) | (0.10) | (0.23) | (1.76) | (1.99) | 20.66 | (0.09) | 207,080 | 0.90 | 0.93 | 0.97 | 40 | ||||||||||||||
03/31/20 | 20.66 | 0.24(5) | (2.88) | (2.64) | (0.20) | (0.34) | (0.54) | 17.48 | (13.37) | 136,239 | 0.90 | 0.94 | 1.11 | 60 | ||||||||||||||
03/31/21 | 17.48 | 0.20(5) | 9.62 | 9.82 | (0.14) | — | (0.14) | 27.16 | 56.22 | 182,806 | 0.90 | 0.93 | 0.85 | 62 | ||||||||||||||
03/31/22 | 27.16 | 0.25 | (0.28) | (0.03) | (0.28) | (2.78) | (3.06) | 24.07 | (0.74) | 155,664 | 0.90 | 0.90 | 0.93 | 32 | ||||||||||||||
09/30/22(6) | 24.07 | 0.20 | (5.69) | (5.49) | — | — | — | 18.58 | (22.81)(7) | 101,033 | 0.91(8) | 0.94(8) | 1.57(8) | 87(7)(9) | ||||||||||||||
Institutional Class | ||||||||||||||||||||||||||||
03/31/18 | $22.13 | $0.20 | $3.38 | $3.58 | $(0.20) | $ (2.74) | $(2.94) | $22.77 | 15.95% | $42,196 | 0.89% | 1.01% | 0.87% | 72%(4) | ||||||||||||||
03/31/19 | 22.77 | 0.22 | (0.32) | (0.10) | (0.23) | (1.76) | (1.99) | 20.68 | (0.10) | 44,382 | 0.89 | 0.93 | 0.98 | 40 | ||||||||||||||
03/31/20 | 20.68 | 0.24(5) | (2.88) | (2.64) | (0.20) | (0.34) | (0.54) | 17.50 | (13.35) | 21,739 | 0.89 | 0.95 | 1.12 | 60 | ||||||||||||||
03/31/21 | 17.50 | 0.19(5) | 9.64 | 9.83 | (0.13) | — | (0.13) | 27.20 | 56.21 | 13,271 | 0.89 | 0.97 | 0.86 | 62 | ||||||||||||||
03/31/22 | 27.20 | 0.29 | (0.32) | (0.03) | (0.28) | (2.78) | (3.06) | 24.11 | (0.74) | 9,747 | 0.89 | 0.94 | 0.94 | 32 | ||||||||||||||
09/30/22(6) | 24.11 | 0.13 | (5.63) | (5.50) | — | — | — | 18.61 | (22.81)(7) | 9,067 | 0.90(8) | 1.00(8) | 1.59(8) | 87(7)(9) |
^ | Updated to reflect the effect of a 1 for 0.801806 reverse stock split for Class C shares on October 14, 2022 (See Note 9 in the Notes to Financial Statements). All historical per share information has been retroactively adjusted to reflect this reverse stock split. |
(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 ratio of net expenses to average net assets excluding liquidity provider expenses for Class A was 1.15%, for Class C was 1.98%, for Class Y was 0.90%, for Institutional Class was 0.89% for the six months ended September 30, 2022. |
(3) | The ratio of gross expenses to average net assets excluding liquidity provider expenses for Class A was 1.15%, for Class C was 2.23%, for Class Y was 0.93%, for Institutional Class was 0.99% for the six months ended September 30, 2022. |
(4) | Portfolio turnover excludes the purchases and sales of securities of the Sentinel Sustainable Core Opportunities Fund acquired on October 27, 2017. If these transactions were included, portfolio turnover would have been higher. |
(5) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(6) | Unaudited. |
(7) | Not annualized. |
(8) | Annualized. |
(9) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(10) | Less than $0.005 per share. |
Touchstone Sands Capital Emerging Markets 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 | 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 | ||||||||||||||||||||||||||
03/31/19(2) | $11.21(3) | $(0.01) | $1.95 | $1.94 | $— | $— | $13.15 | 17.31%(4) | $1,349 | 1.60%(5) | 4.89%(5) | (0.94)%(5) | 31% | |||||||||||||
03/31/20 | 13.15 | 0.05(6) | (1.77) | (1.72) | (0.07) | (0.07) | 11.36 | (13.19) | 2,897 | 1.60 | 2.62 | 0.35 | 20 | |||||||||||||
03/31/21 | 11.36 | (0.13) | 10.02 | 9.89 | — | — | 21.25 | 87.06 | 20,369 | 1.60 | 1.77 | (1.22) | 27 | |||||||||||||
03/31/22 | 21.25 | (0.21) | (5.07) | (5.28) | (0.32) | (0.32) | 15.65 | (25.16) | 19,694 | 1.60 | 1.60 | (1.03) | 28(7) | |||||||||||||
09/30/22(8) | 15.65 | (0.04)(6) | (3.44) | (3.48) | — | — | 12.17 | (22.19)(4) | 15,812 | 1.60(5) | 1.64(5) | (0.61)(5) | 17(4)(7) | |||||||||||||
Class C | ||||||||||||||||||||||||||
03/31/19(2) | $11.21(3) | $(0.04) | $1.94 | $1.90 | $— | $— | $13.11 | 16.95%(4) | $59 | 2.35%(5) | 57.88%(5) | (1.69)%(5) | 31% | |||||||||||||
03/31/20 | 13.11 | (0.05)(6) | (1.75) | (1.80) | (0.05) | (0.05) | 11.26 | (13.81) | 1,135 | 2.35 | 5.24 | (0.40) | 20 | |||||||||||||
03/31/21 | 11.26 | (0.14) | 9.79 | 9.65 | — | — | 20.91 | 85.70 | 9,637 | 2.35 | 2.82 | (1.97) | 27 | |||||||||||||
03/31/22 | 20.91 | (0.35) | (4.99) | (5.34) | (0.20) | (0.20) | 15.37 | (25.69) | 9,107 | 2.35 | 2.46 | (1.78) | 28(7) | |||||||||||||
09/30/22(8) | 15.37 | (0.09)(6) | (3.38) | (3.47) | — | — | 11.90 | (22.51)(4) | 6,442 | 2.35(5) | 2.55(5) | (1.36)(5) | 17(4)(7) | |||||||||||||
Class Y | ||||||||||||||||||||||||||
03/31/18 | $10.70 | $(0.06) | $2.92 | $2.86 | $— | $— | $13.56 | 26.82% | $207,209 | 1.47% | 1.49% | (0.73)% | 27% | |||||||||||||
03/31/19 | 13.56 | (0.03) | (0.37) | (0.40) | — | — | 13.16 | (3.02) | 318,093 | 1.35(9) | 1.35 | (0.45) | 31 | |||||||||||||
03/31/20 | 13.16 | 0.08(6) | (1.77) | (1.69) | (0.09) | (0.09) | 11.38 | (12.96) | 423,992 | 1.33(9) | 1.31 | 0.62 | 20 | |||||||||||||
03/31/21 | 11.38 | (0.11) | 10.09 | 9.98 | — | — | 21.36 | 87.71 | 1,460,473 | 1.26 | 1.26 | (0.88) | 27 | |||||||||||||
03/31/22 | 21.36 | (0.17) | (5.08) | (5.25) | (0.37) | (0.37) | 15.74 | (24.89) | 1,186,957 | 1.29 | 1.29 | (0.71) | 28(7) | |||||||||||||
09/30/22(8) | 15.74 | (0.02)(6) | (3.47) | (3.49) | — | — | 12.25 | (22.12)(4) | 661,522 | 1.34(5) | 1.34(5) | (0.35)(5) | 17(4)(7) | |||||||||||||
Institutional Class | ||||||||||||||||||||||||||
03/31/18 | $10.73 | $(0.06) | $2.94 | $2.88 | $— | $— | $13.61 | 26.84% | $374,452 | 1.37% | 1.41% | (0.63)% | 27% | |||||||||||||
03/31/19 | 13.61 | (0.03) | (0.37) | (0.40) | — | — | 13.21 | (2.94) | 524,670 | 1.25 | 1.27 | (0.35) | 31 | |||||||||||||
03/31/20 | 13.21 | 0.09(6) | (1.77) | (1.68) | (0.10) | (0.10) | 11.43 | (12.87) | 883,508 | 1.25(9) | 1.24 | 0.70 | 20 | |||||||||||||
03/31/21 | 11.43 | (0.11) | 10.15 | 10.04 | — | — | 21.47 | 87.79 | 2,867,373 | 1.21(9) | 1.20 | (0.83) | 27 | |||||||||||||
03/31/22 | 21.47 | (0.29) | (4.97) | (5.26) | (0.38) | (0.38) | 15.83 | (24.81) | 1,252,461 | 1.20 | 1.20 | (0.62) | 28(7) | |||||||||||||
09/30/22(8) | 15.83 | (0.02)(6) | (3.49) | (3.51) | — | — | 12.32 | (22.06)(4) | 918,826 | 1.24(5) | 1.24(5) | (0.25)(5) | 17(4)(7) | |||||||||||||
Class R6 | ||||||||||||||||||||||||||
03/31/22(10) | $22.37 | $0.15 | $(6.31) | $(6.16) | $(0.38) | $(0.38) | $15.83 | (27.85)%(4) | $1,109,805 | 1.17%(5) | 1.17%(5) | (0.59)%(5) | 28%(7) | |||||||||||||
09/30/22(8) | 15.83 | (0.01)(6) | (3.49) | (3.50) | — | — | 12.33 | (22.06)(4) | 675,077 | 1.18(5) | 1.18(5) | (0.19)(5) | 17(4)(7) |
(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 period from commencement of operations (November 16, 2018) through March 31, 2019. |
(3) | Net asset value at the beginning of period is based on the net asset value of Class Y shares on November 16, 2018. |
(4) | Not annualized. |
(5) | Annualized. |
(6) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(7) | Portfolio turnover excludes securities delivered from processing redemptions-in-kind. |
(8) | Unaudited. |
(9) | Net expenses include amounts recouped by the Advisor. |
(10) | Represents the period from commencement of operations (April 26, 2021) through March 31, 2022. |
Touchstone Strategic Income Opportunities Fund | ||||||||||||||||||||||||||
Period ended | Net asset value at beginning of period | Net investment income(1) | Net realized and unrealized gains (losses) on investments | Total from investment operations | Distributions from net investment income | Total distributions | Net asset value at end of period | Total return(2) | 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 | ||||||||||||||||||||||||||
03/31/18 | $3.40 | $0.11 | $(0.03) | $0.08 | $(0.10) | $(0.10) | $3.38 | 2.41% | $196,712 | 1.33% | 1.33% | 3.15% | 149% | |||||||||||||
03/31/19 | 3.38 | 0.13 | (0.04) | 0.09 | (0.16) | (0.16) | 3.31 | 2.86 | 153,979 | 1.14 | 1.37 | 3.89 | 123 | |||||||||||||
03/31/20 | 3.31 | 0.11 | (0.15) | (0.04) | (0.12) | (0.12) | 3.15 | (1.37) | 143,815 | 1.10 | 1.37 | 3.14 | 85 | |||||||||||||
03/31/21 | 3.15 | 0.10 | 0.33 | 0.43 | (0.11) | (0.11) | 3.47 | 13.87 | 173,600 | 1.10 | 1.37 | 2.91 | 111 | |||||||||||||
03/31/22 | 3.47 | 0.08 | (0.19) | (0.11) | (0.09) | (0.09) | 3.27 | (3.22) | 177,574 | 1.03 | 1.14 | 2.38 | 155(3) | |||||||||||||
09/30/22(4) | 3.27 | 0.06 | (0.41) | (0.35) | (0.06) | (0.06) | 2.86 | (10.86)(5) | 142,249 | 1.00(6) | 1.11(6) | 3.69(6) | 37(5) | |||||||||||||
Class C | ||||||||||||||||||||||||||
03/31/18 | $3.41 | $0.09 | $(0.03) | $0.06 | $(0.08) | $(0.08) | $3.39 | 1.75% | $71,103 | 1.98% | 1.98% | 2.50% | 149% | |||||||||||||
03/31/19 | 3.39 | 0.11 | (0.04) | 0.07 | (0.14) | (0.14) | 3.32 | 2.18 | 52,782 | 1.81 | 2.04 | 3.22 | 123 | |||||||||||||
03/31/20 | 3.32 | 0.08 | (0.14) | (0.06) | (0.10) | (0.10) | 3.16 | (2.04) | 49,730 | 1.78 | 2.05 | 2.47 | 85 | |||||||||||||
03/31/21 | 3.16 | 0.08 | 0.33 | 0.41 | (0.09) | (0.09) | 3.48 | 13.11 | 39,402 | 1.78 | 2.05 | 2.26 | 111 | |||||||||||||
03/31/22 | 3.48 | 0.06 | (0.20) | (0.14) | (0.06) | (0.06) | 3.28 | (4.03) | 42,046 | 1.74 | 1.88 | 1.62 | 155(3) | |||||||||||||
09/30/22(4) | 3.28 | 0.05 | (0.41) | (0.36) | (0.05) | (0.05) | 2.87 | (11.16)(5) | 28,029 | 1.71(6) | 1.90(6) | 2.98(6) | 37(5) | |||||||||||||
Class Y | ||||||||||||||||||||||||||
03/31/18 | $3.39 | $0.11 | $(0.02) | $0.09 | $(0.11) | $(0.11) | $3.37 | 2.65% | $70,239 | 1.14% | 1.14% | 3.34% | 149% | |||||||||||||
03/31/19 | 3.37 | 0.14 | (0.03) | 0.11 | (0.17) | (0.17) | 3.31 | 3.38 | 52,676 | 0.94 | 1.17 | 4.06 | 123 | |||||||||||||
03/31/20 | 3.31 | 0.11 | (0.14) | (0.03) | (0.13) | (0.13) | 3.15 | (1.16) | 89,806 | 0.91 | 1.18 | 3.28 | 85 | |||||||||||||
03/31/21 | 3.15 | 0.10 | 0.33 | 0.43 | (0.12) | (0.12) | 3.46 | 13.77 | 140,047 | 0.90 | 1.17 | 3.08 | 111 | |||||||||||||
03/31/22(7) | 3.46 | 0.09 | (0.19) | (0.10) | (0.10) | (0.10) | 3.26 | (2.97) | 106,650 | 0.79 | 0.91 | 2.62 | 155(3) | |||||||||||||
09/30/22(4) | 3.26 | 0.06 | (0.41) | (0.35) | (0.06) | (0.06) | 2.85 | (10.77)(5) | 76,019 | 0.75(6) | 0.88(6) | 3.94(6) | 37(5) | |||||||||||||
Institutional Class | ||||||||||||||||||||||||||
03/31/22(8) | $3.50 | $0.06 | $(0.23) | $(0.17) | $(0.07) | $(0.07) | $3.26 | (4.94)%(5) | $263 | 0.65%(6) | 3.91%(6) | 2.56%(6) | 155%(3) | |||||||||||||
09/30/22(4) | 3.26 | 0.06 | (0.40) | (0.34) | (0.07) | (0.07) | 2.85 | (10.67)(5) | 197 | 0.65(6) | 3.82(6) | 4.04(6) | 37(5) |
(1) | The net investment income (loss) per share was based on average shares outstanding for the period. |
(2) | Total returns shown exclude the effect of applicable sales loads and fees. If these charges were included, the returns would be lower. |
(3) | Portfolio turnover excludes the purchases and sales of securities of the AIG Flexible Credit Fund acquired on July 16, 2021. If these transactions were included, portfolio turnover would have been higher. |
(4) | Unaudited. |
(5) | Not annualized. |
(6) | Annualized. |
(7) | Effective July 16, 2021, Class W shares of the AIG Strategic Bond Fund were reorganized into Class Y shares of the Touchstone Strategic Income Opportunities Fund. |
(8) | Represents the period from commencement of operations (July 19, 2021) through March 31, 2022 for Institutional Class. |
Touchstone Flexible Income Fund ("Flexible Income Fund”) |
Touchstone Focused Fund ("Focused Fund”) |
Touchstone Growth Opportunities Fund ("Growth Opportunities Fund”) |
Touchstone Mid Cap Growth Fund ("Mid Cap Growth Fund”) |
Touchstone Non-US ESG Equity Fund (formerly Touchstone Global ESG Equity Fund) ("Non-US ESG Equity Fund”) |
Touchstone Sands Capital Emerging Markets Growth Fund ("Sands Capital Emerging Markets Growth Fund”) |
Touchstone Strategic Income Opportunities Fund ("Strategic Income Opportunities Fund”) |
Class A | Class C | Class Y | Institutional Class | Class R6 | |
Flexible Income Fund | X | X | X | X | |
Focused Fund | X | X | X | X | |
Growth Opportunities Fund | X | X | X | X | |
Mid Cap Growth Fund | X | X | X | X | X |
Non-US ESG Equity Fund | X | X | X | X | |
Sands Capital Emerging Markets Growth Fund | X | X | X | X | X |
Strategic Income Opportunities Fund | X | X | X | X |
(1) | market value of investment securities, assets and liabilities at the current rate of exchange on the valuation date; and |
(2) | purchases and sales of investment securities, income, and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. |
Fund | Derivatives not accounted for as hedging instruments under ASC 815 | Asset Derivatives | Liability Derivatives |
Strategic Income Opportunities Fund | Futures Contracts - Interest Rate Contracts* | $215,885 | $232,459 |
* | Statements of Assets and Liabilities Location: Receivable for variation margin on futures contracts. Only current day’s variation margin is reported within the payable/receivable on the Statement of Assets and Liabilities. Includes cumulative appreciation/(depreciation) on futures contracts as reported on the Portfolio of Investments and within the components of net assets section of the Statement of Assets and Liabilities. |
Fund | Derivatives not accounted for as hedging instruments under ASC 815 | Realized Gains (Losses) on Derivatives | Change in Unrealized Appreciation (Depreciation) on Derivatives |
Flexible Income Fund | Futures - Interest Rate Contracts* | $(122,038) | $— |
Purchased Options - Equity Contracts** | 6,105,213 | — | |
Written Options - Equity Contracts*** | 366,374 | — | |
Strategic Income Opportunities Fund | Futures - Interest Rate Contracts* | (101,109) | 191,087 |
Swap Agreements - Credit Contracts**** | 143,041 | — |
* | Statements of Operations Location: Net realized losses on futures contracts and net change in unrealized appreciation (depreciation) on futures contracts, respectively. |
** | Statements of Operations Location: Net realized gains (losses) on investments. |
*** | Statements of Operations Location: Net realized gains on written options. |
**** | Statements of Operations Location: Net realized gains on swap agreements. |
Flexible Income Fund | Strategic Income Opportunities Fund | |
Equity Contracts: | ||
Purchased Options - Cost | $—* | $— |
Written Options - Premiums received | —* | — |
Credit Contracts: | ||
Credit Default Swaps - Notional value | — | —* |
Interest Rate Contracts: | ||
Futures Contracts - Notional Value | — * | 46,642,811 |
* | The balance at each quarter end was zero. |
Fund | Security Type | Market Value of Securities Loaned* | Market Value of Collateral Received** | Net Amount*** |
Flexible Income Fund | Investment Funds | $1,848,125 | $1,901,764 | $53,639 |
Preferred Stocks | 295,874 | 300,925 | 5,051 | |
Rights | 281 | 48,235 | 47,954 | |
Total Flexible Income Fund | 2,144,280 | 2,250,924 | 106,644 | |
Mid Cap Growth Fund | Common Stocks | 3,748,338 | 3,800,610 | 52,272 |
Non-US ESG Equity Fund | Common Stocks | 9,681,518 | 9,994,733 | 313,215 |
Sands Capital Emerging Markets Growth Fund | Common Stocks | 30,293,345 | 31,931,727 | 1,638,382 |
* | The remaining contractual maturity is overnight for all securities. |
** | Gross amount of recognized liabilities for securities lending included in the Statements of Assets and Liabilities. |
*** | Net amount represents the net amount payable due to the borrower in the event of default. |
Flexible Income Fund | Focused Fund* | Growth Opportunities Fund* | Mid Cap Growth Fund* | Non-US ESG Equity Fund* | Sands Capital Emerging Markets Growth Fund* | Strategic Income Opportunities Fund | |
Purchases of investment securities | $151,163,519 | $19,947,026 | $34,599,693 | $407,065,192 | $469,131,209 | $468,122,957 | $38,357,281 |
Proceeds from sales and maturities | $213,279,562 | $58,302,960 | $31,050,847 | $313,144,089 | $485,613,550 | $955,544,270 | $73,818,026 |
* | The Focused Fund, the Growth Opportunities Fund, the Mid Cap Growth Fund, the Non-US ESG Equity Fund and the Sands Capital Emerging Markets Growth Fund had a redemption-in-kind out of the Fund of $30,068,271, $10,015,164, $39,775,791, $12,383,851 and $11,031,468, respectively. The redemptions were comprised of securities of $27,404,592, $8,398,954, $16,643,565, $11,791,996 and $11,031,468, which are excluded from the proceeds from sales and maturities, and cash in the amount of $2,663,679, $1,616,209, $23,132,226, $591,855 and $0 for the Focused Fund, the Growth Opportunities Fund, the Mid Cap Growth Fund, the Non-US ESG Equity Fund and the Sands Capital Emerging Markets Growth Fund, respectively. |
Flexible Income Fund | 0.60% on the first $500 million 0.50% on such assets in excess of $500 million |
Focused Fund | 0.70% on the first $100 million 0.65% on the next $400 million 0.60% on such assets in excess of $500 million |
Growth Opportunities Fund | 0.75% on the first $500 million 0.70% on the next $500 million 0.65% on such assets in excess of $1 billion |
Mid Cap Growth Fund | 0.75% on the first $500 million 0.70% on the next $500 million 0.65% on the next $200 million 0.60% on such assets in excess of $1.2 billion |
Non-US ESG Equity Fund | 0.65% on the first $1 billion 0.60% on such assets in excess of $1 billion |
Sands Capital Emerging Markets Growth Fund | 1.00% |
Strategic Income Opportunities Fund | 0.55% on the first $250 million 0.50% on the next $250 million 0.45% on such assets in excess $500 million |
Bramshill Investments, LLC | Sands Capital Management, LLC |
Flexible Income Fund | Sands Capital Emerging Markets Growth Fund |
Fort Washington Investment Advisors, Inc.* | Westfield Capital Management Company, L.P. |
Focused Fund | Growth Opportunities Fund |
Strategic Income Opportunities Fund | Mid Cap Growth Fund |
Rockefeller & Co., LLC | |
Non-US ESG Equity Fund |
* | Affiliate of the Advisor and wholly-owned subsidiary of Western & Southern. |
Class A | Class C | Class Y | Institutional Class | Class R6 | Termination Date | |
Flexible Income Fund | 1.04% | 1.79% | 0.79% | 0.69% | — | July 29, 2023 |
Focused Fund | 1.20% | 1.95% | 0.95% | 0.83% | — | July 29, 2023 |
Growth Opportunities Fund | 1.24% | 1.99% | 0.99% | 0.89% | — | July 29, 2023 |
Mid Cap Growth Fund | 1.39% | 2.14% | 1.14% | 0.86% | 0.77% | July 29, 2023 |
Non-US ESG Equity Fund* | 1.17% | 1.95% | 0.90% | 0.89% | — | July 29, 2023 |
Sands Capital Emerging Markets Growth Fund | 1.60% | 2.35% | 1.35% | 1.25% | 1.19% | July 29, 2023 |
Strategic Income Opportunities Fund | 1.00% | 1.71% | 0.75% | 0.65% | — | July 29, 2023 |
* | Prior to July 29, 2022, the expense limitation for Class C was 1.99%. |
Fund | Investment Advisory Fees Waived | Administration Fees Waived | Other Operating Expenses Reimbursed/ Waived | Total |
Flexible Income Fund | $— | $6,613 | $148,588 | $155,201 |
Focused Fund | — | — | 7,318 | 7,318 |
Growth Opportunities Fund | — | 25,326 | 74,063 | 99,389 |
Mid Cap Growth Fund | — | 58,772 | 85,341 | 144,113 |
Non-US ESG Equity Fund | — | — | 32,449 | 32,449 |
Sands Capital Emerging Markets Growth Fund | — | — | 11,256 | 11,256 |
Strategic Income Opportunities Fund | — | 114 | 187,840 | 187,954 |
Fund | Expires on or before March 31, 2023 | Expires on or before March 31, 2024 | Expires on or before March 31, 2025 | Expires on or before March 31, 2026 | Total |
Flexible Income Fund | $284,870 | $298,950 | $140,862 | $123,086 | $847,768 |
Focused Fund | 11,432 | 15,681 | 10,171 | 6,679 | 43,963 |
Growth Opportunities Fund | 102,173 | 167,127 | 122,533 | 64,874 | 456,707 |
Mid Cap Growth Fund | 3,760 | 38,995 | 155,930 | 144,113 | 342,798 |
Non-US ESG Equity Fund | 61,070 | 59,632 | 12,644 | 26,623 | 159,969 |
Sands Capital Emerging Markets Growth Fund | 17,842 | 3,514 | — | — | 21,356 |
Strategic Income Opportunities Fund | — | — | 62,969 | 64,252 | 127,221 |
Fund | Amount |
Flexible Income Fund | $ 2,013 |
Focused Fund | 2,753 |
Growth Opportunities Fund | 1,538 |
Mid Cap Growth Fund | 11,933 |
Non-US ESG Equity Fund | 6,192 |
Sands Capital Emerging Markets Growth Fund | 528 |
Strategic Income Opportunities Fund | 867 |
Fund | Class A | Class C |
Flexible Income Fund | $ 4 | $ 298 |
Focused Fund | — | 7 |
Strategic Income Opportunities Fund | — | 179 |
Fund | Shares ReFlow Subscribed to | Redemptions-in-kind |
Focused Fund | 549,922 | $ 27,404,592 |
Growth Opportunities Fund | 278,397 | 8,398,954 |
Mid Cap Growth Fund | 1,356,227 | 16,643,565 |
Non-US ESG Equity Fund | 720,248 | 11,791,996 |
Fund | Daily Average Amount Borrowed | Weighted Average Interest Rate | Interest Expense* |
Non-US ESG Equity Fund | $ 12,322 | 2.08% | $ 129 |
* | Included in Other expenses in the Statements of Operations. |
Flexible Income Fund | Focused Fund | Growth Opportunities Fund | ||||
Year Ended March 31, 2022 | Year Ended March 31, 2021 | Year Ended March 31, 2022 | Year Ended March 31, 2021 | Year Ended March 31, 2022 | Year Ended March 31, 2021 | |
From ordinary income | $29,223,650 | $34,746,000 | $8,186,308 | $2,666,017 | $10,829,312 | $4,515,690 |
From long-term capital gains | — | — | 63,791,908 | 55,000,033 | 15,315,202 | 10,308,626 |
Total distributions | $29,223,650 | $34,746,000 | $71,978,216 | $57,666,050 | $26,144,514 | $14,824,316 |
Mid Cap Growth Fund | Non-US ESG Equity Fund | Sands Capital Emerging Markets Growth Fund | ||||
Year Ended March 31, 2022 | Year Ended March 31, 2021 | Year Ended March 31, 2022 | Year Ended March 31, 2021 | Year Ended March 31, 2022 | Year Ended March 31, 2021 | |
From ordinary income | $63,548,224 | $— | $13,578,798 | $2,593,278 | $83,985,024 | $— |
From long-term capital gains | 143,676,973 | 92,749,221 | 62,529,954 | — | — | — |
Total distributions | $207,225,197 | $92,749,221 | $76,108,752 | $2,593,278 | $83,985,024 | $— |
Strategic Income Opportunities Fund | ||
Year Ended March 31, 2022 | Year Ended March 31, 2021 | |
From ordinary income | $9,958,956 | $11,298,705 |
Total distributions | $9,958,956 | $11,298,705 |
Flexible Income Fund | Focused Fund | Growth Opportunities Fund | |
Tax cost of portfolio investments | $874,209,102 | $664,454,397 | $94,548,982 |
Gross unrealized appreciation on investments | 7,384,788 | 555,723,558 | 69,772,803 |
Gross unrealized depreciation on investments | (39,261,894) | (18,685,971) | (1,881,285) |
Net unrealized appreciation (depreciation) on investments | (31,877,106) | 537,037,587 | 67,891,518 |
Gross unrealized depreciation on short sales | (764,636) | — | — |
Net unrealized appreciation (depreciation) on short sales | (764,636) | — | — |
Undistributed ordinary income | 519,842 | 1,277,609 | 863,482 |
Undistributed capital gains | 944,221 | 30,327,460 | 800,459 |
Accumulated earnings (deficit) | $(31,177,679) | $568,642,656 | $69,555,459 |
Mid Cap Growth Fund | Non-US ESG Equity Fund | Sands Capital Emerging Markets Growth Fund | Strategic Income Opportunities Fund | |
Tax cost of portfolio investments | $1,001,345,628 | $516,510,853 | $3,558,757,690 | $345,382,682 |
Gross unrealized appreciation on investments | 356,622,195 | 174,480,499 | 670,209,935 | 2,823,003 |
Gross unrealized depreciation on investments | (45,583,132) | (45,461,617) | (564,109,557) | (24,524,213) |
Net unrealized appreciation (depreciation) on investments | 311,039,063 | 129,018,882 | 106,100,378 | (21,701,210) |
Gross unrealized appreciation on derivatives and foreign currency transactions | — | 6,485 | 25,042 | 5 |
Gross unrealized depreciation on foreign currency transactions and deferred foreign capital gains tax | — | (29,526) | (26,240,984) | — |
Net unrealized appreciation (depreciation) on derivatives, foreign currency transactions and deferred foreign capital gains tax | — | (23,041) | (26,215,942) | 5 |
Capital loss carryforwards | — | — | (248,815,220) | (45,653,203) |
Late year ordinary losses deferrals | — | — | (23,139,110) | (37,961) |
Undistributed ordinary income | 7,443,814 | 1,533,211 | — | — |
Undistributed capital gains | 19,506,410 | 26,314,477 | — | — |
Accumulated earnings (deficit) | $337,989,287 | $156,843,529 | $(192,069,894) | $(67,392,369) |
Fund | No Expiration Short Term | No Expiration Long Term | Total |
Sands Capital Emerging Markets Growth Fund | $ 248,815,220 | $ — | $ 248,815,220 |
Strategic Income Opportunities Fund | 586,141 | 45,067,062 | 45,653,203 |
Fund | Federal Tax Cost | Gross Unrealized Appreciation on Investments | Gross Unrealized Depreciation on Investments | Gross Unrealized Appreciation on Other | Gross Unrealized Depreciation on Other | Net Unrealized Appreciation (Depreciation) |
Flexible Income Fund | $832,097,924 | $664,357 | $(97,270,248) | $— | $(1) | $(96,605,892) |
Focused Fund | 650,047,655 | 342,398,430 | (57,596,391) | — | — | 284,802,039 |
Growth Opportunities Fund | 94,413,364 | 36,414,251 | (9,376,672) | — | — | 27,037,579 |
Mid Cap Growth Fund | 1,048,673,229 | 153,360,280 | (159,501,707) | — | — | (6,141,427) |
Non-US ESG Equity Fund | 469,799,157 | 51,249,899 | (57,483,694) | — | (27,520) | (6,261,315) |
Sands Capital Emerging Markets Growth Fund | 2,310,318,690 | 316,606,874 | (306,511,057) | 50,323 | (15,101,571) | (4,955,431) |
Strategic Income Opportunities Fund | 295,017,179 | 688,932 | (51,316,763) | 215,892 | (232,479) | (50,644,418) |
Net Expense Ratio Annualized September 30, 2022 | Beginning Account Value April 1, 2022 | Ending Account Value September 30, 2022 | Expenses Paid During the Six Months Ended September 30, 2022* | ||
Flexible Income Fund | |||||
Class A | Actual | 1.11% | $1,000.00 | $951.40 | $5.43** |
Class A | Hypothetical | 1.11% | $1,000.00 | $1,019.50 | $5.62** |
Class C | Actual | 1.86% | $1,000.00 | $948.00 | $9.08** |
Class C | Hypothetical | 1.86% | $1,000.00 | $1,015.74 | $9.40** |
Class Y | Actual | 0.86% | $1,000.00 | $953.70 | $4.21** |
Net Expense Ratio Annualized September 30, 2022 | Beginning Account Value April 1, 2022 | Ending Account Value September 30, 2022 | Expenses Paid During the Six Months Ended September 30, 2022* | ||
Class Y | Hypothetical | 0.86% | $1,000.00 | $1,020.76 | $4.36** |
Institutional Class | Actual | 0.76% | $1,000.00 | $953.30 | $3.72** |
Institutional Class | Hypothetical | 0.76% | $1,000.00 | $1,021.26 | $3.85** |
Focused Fund | |||||
Class A | Actual | 1.18% | $1,000.00 | $801.30 | $5.33*** |
Class A | Hypothetical | 1.18% | $1,000.00 | $1,019.15 | $5.97*** |
Class C | Actual | 1.96% | $1,000.00 | $798.20 | $8.84*** |
Class C | Hypothetical | 1.96% | $1,000.00 | $1,015.24 | $9.90*** |
Class Y | Actual | 0.89% | $1,000.00 | $802.40 | $4.02*** |
Class Y | Hypothetical | 0.89% | $1,000.00 | $1,020.61 | $4.51*** |
Institutional Class | Actual | 0.84% | $1,000.00 | $802.60 | $3.80*** |
Institutional Class | Hypothetical | 0.84% | $1,000.00 | $1,020.86 | $4.26*** |
Growth Opportunities Fund | |||||
Class A | Actual | 1.27% | $1,000.00 | $767.30 | $5.63**** |
Class A | Hypothetical | 1.27% | $1,000.00 | $1,018.70 | $6.43**** |
Class C | Actual | 2.02% | $1,000.00 | $764.50 | $8.94**** |
Class C | Hypothetical | 2.02% | $1,000.00 | $1,014.94 | $10.20**** |
Class Y | Actual | 1.02% | $1,000.00 | $768.30 | $4.52**** |
Class Y | Hypothetical | 1.02% | $1,000.00 | $1,019.95 | $5.17**** |
Institutional Class | Actual | 0.92% | $1,000.00 | $768.60 | $4.08**** |
Institutional Class | Hypothetical | 0.92% | $1,000.00 | $1,020.46 | $4.66**** |
Mid Cap Growth Fund | |||||
Class A | Actual | 1.24% | $1,000.00 | $752.60 | $5.45***** |
Class A | Hypothetical | 1.24% | $1,000.00 | $1,018.85 | $6.28***** |
Class C | Actual | 2.09% | $1,000.00 | $749.50 | $9.17***** |
Class C | Hypothetical | 2.09% | $1,000.00 | $1,014.59 | $10.56***** |
Class Y | Actual | 1.01% | $1,000.00 | $753.50 | $4.44***** |
Class Y | Hypothetical | 1.01% | $1,000.00 | $1,020.00 | $5.11***** |
Institutional Class | Actual | 0.87% | $1,000.00 | $754.10 | $3.83***** |
Institutional Class | Hypothetical | 0.87% | $1,000.00 | $1,020.71 | $4.41***** |
Class R6 | Actual | 0.78% | $1,000.00 | $754.50 | $3.43***** |
Class R6 | Hypothetical | 0.78% | $1,000.00 | $1,021.16 | $3.95***** |
Non-US ESG Equity Fund | |||||
Class A | Actual | 1.16% | $1,000.00 | $771.00 | $5.15****** |
Class A | Hypothetical | 1.16% | $1,000.00 | $1,019.25 | $5.87****** |
Class C | Actual | 1.99% | $1,000.00 | $768.10 | $8.82****** |
Class C | Hypothetical | 1.99% | $1,000.00 | $1,015.09 | $10.05****** |
Class Y | Actual | 0.91% | $1,000.00 | $771.90 | $4.04****** |
Class Y | Hypothetical | 0.91% | $1,000.00 | $1,020.51 | $4.61****** |
Institutional Class | Actual | 0.90% | $1,000.00 | $771.90 | $4.00****** |
Institutional Class | Hypothetical | 0.90% | $1,000.00 | $1,020.56 | $4.56****** |
Sands Capital Emerging Markets Growth Fund | |||||
Class A | Actual | 1.60% | $1,000.00 | $778.10 | $7.13 |
Class A | Hypothetical | 1.60% | $1,000.00 | $1,017.05 | $8.09 |
Class C | Actual | 2.35% | $1,000.00 | $774.90 | $10.46 |
Class C | Hypothetical | 2.35% | $1,000.00 | $1,013.29 | $11.86 |
Class Y | Actual | 1.34% | $1,000.00 | $778.80 | $5.98 |
Class Y | Hypothetical | 1.34% | $1,000.00 | $1,018.35 | $6.78 |
Institutional Class | Actual | 1.24% | $1,000.00 | $779.40 | $5.53 |
Institutional Class | Hypothetical | 1.24% | $1,000.00 | $1,018.85 | $6.28 |
Class R6 | Actual | 1.18% | $1,000.00 | $779.40 | $5.26 |
Class R6 | Hypothetical | 1.18% | $1,000.00 | $1,019.15 | $5.97 |
Strategic Income Opportunities Fund | |||||
Class A | Actual | 1.00% | $1,000.00 | $891.40 | $4.74 |
Class A | Hypothetical | 1.00% | $1,000.00 | $1,020.05 | $5.06 |
Class C | Actual | 1.71% | $1,000.00 | $888.40 | $8.10 |
Class C | Hypothetical | 1.71% | $1,000.00 | $1,016.50 | $8.64 |
Class Y | Actual | 0.75% | $1,000.00 | $892.30 | $3.56 |
Net Expense Ratio Annualized September 30, 2022 | Beginning Account Value April 1, 2022 | Ending Account Value September 30, 2022 | Expenses Paid During the Six Months Ended September 30, 2022* | ||
Class Y | Hypothetical | 0.75% | $1,000.00 | $1,021.31 | $3.80 |
Institutional Class | Actual | 0.65% | $1,000.00 | $893.30 | $3.09 |
Institutional Class | Hypothetical | 0.65% | $1,000.00 | $1,021.81 | $3.29 |
* | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/365 (to reflect one-half year period). |
** | Excluding dividend and interest expense on securities sold short, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.09, $8.74, $3.87 and $3.38, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.27, $9.05, $4.00 and $3.50, respectively. |
*** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.71, $9.51, $4.26 and $4.16, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.73, $9.54, $4.27 and $4.17, respectively. |
**** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.49, $8.80, $4.39 and $3.95, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $6.28, $10.05, $5.01 and $4.51, respectively. |
***** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $5.40, $9.12, $4.44, $3.78 and $3.39, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y, Institutional Class and Class R6 would be $6.23, $10.50, $5.11, $4.36 and $3.90, respectively. |
****** | Excluding liquidity provider expenses, your actual cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.11, $8.78, $4.00 and $3.95, respectively, and your hypothetical cost of investment in Class A, Class C, Class Y and Institutional Class would be $5.82, $10.00, $4.56 and $4.51, respectively. |
303 Broadway
Cincinnati, Ohio 45202-4203
800.638.8194
www.touchstoneinvestments.com
303 Broadway
Cincinnati, Ohio 45202-4203
4400 Computer Drive
Westborough, Massachusetts 01581
(b) Not applicable.
Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Investments.
(a) | Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1(a) of this form. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
Item 11. Controls and Procedures.
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
(a)(1) | Not applicable. |
(a)(2) | Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
(a)(2)(1) | Not applicable. |
(a)(2)(2) | Not applicable. |
(b) | Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) | Touchstone Strategic Trust |
By (Signature and Title)* | /s/ E. Blake Moore, Jr | |
E. Blake Moore Jr., President | ||
(principal executive officer) |
Date | November 30, 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 | November 30, 2022 |
By (Signature and Title)* | /s/ Terrie A. Wiedenheft | |
�� | Terrie A. Wiedenheft, Controller and Treasurer | |
(principal financial officer) |
Date | November 30, 2022 |
* Print the name and title of each signing officer under his or her signature.