Touchstone Variable Series Trust NPORT-P Touchstone Variable Series Trust-Touchstone Small Company Fund (Sep 2020 report)

Portfolio of Investments

Touchstone Balanced Fund – September 30, 2020 (Unaudited)

Shares			Market Value
		Common Stocks — 62.2%
		Information Technology — 17.3%
	7,076	Apple, Inc.	$	819,472
	3,214	Avnet, Inc.		83,050
	1,250	International Business Machines Corp.		152,087
	3,845	Microsoft Corp.		808,719
	4,155	Oracle Corp.		248,054
	1,544	salesforce.com, Inc.*		388,038
	2,022	SS&C Technologies Holdings, Inc.		122,371
	1,466	Texas Instruments, Inc.		209,330
	786	Workday, Inc. - Class A*		169,092
				3,000,213
		Communication Services — 11.8%
	433	Alphabet, Inc. - Class C*		636,337
	2,825	AT&T, Inc.		80,541
	6,110	Comcast Corp. - Class A		282,649
	2,225	Facebook, Inc. - Class A*		582,727
	3,262	Fox Corp. - Class A		90,781
	398	Netflix, Inc.*		199,012
	1,435	Walt Disney Co. (The)		178,055
				2,050,102
		Consumer Discretionary — 8.9%
	751	Alibaba Group Holding Ltd. (China) ADR*		220,779
	196	Amazon.com, Inc.*		617,151
	1,850	Hilton Worldwide Holdings, Inc.		157,842
	2,689	JD.com, Inc. (China) ADR*		208,693
	2,072	Starbucks Corp.		178,026
	4,767	Trip.com Group Ltd. (China) ADR*		148,444
				1,530,935
		Financials — 6.9%
	9,312	Bank of America Corp.		224,326
	2,563	Berkshire Hathaway, Inc. - Class B*		545,765
	1,356	Goldman Sachs Group, Inc. (The)		272,515
	1,904	Signature Bank/NewYork NY		158,013
				1,200,619
		Health Care — 6.8%
	1,264	AmerisourceBergen Corp.		122,507
	3,773	Bristol-Myers Squibb Co.		227,474
	1,790	HCA Healthcare, Inc.		223,177
	2,327	Johnson & Johnson		346,444
	845	UnitedHealth Group, Inc.		263,446
				1,183,048
		Industrials — 5.5%
	1,144	Deere & Co.		253,545
	648	FedEx Corp.		162,985
	1,446	Hubbell, Inc.		197,870
	667	Parker-Hannifin Corp.		134,961
	3,619	Raytheon Technologies Corp.		208,237
				957,598
		Consumer Staples — 2.4%
	2,761	Monster Beverage Corp.*		221,432
	2,449	Philip Morris International, Inc.		183,651
				405,083
		Real Estate — 1.0%
	1,839	Jones Lang LaSalle, Inc.		175,919
		Materials — 0.8%
	2,473	DuPont de Nemours, Inc.		137,202
		Energy — 0.8%
	2,491	Exxon Mobil Corp.		85,516

Shares			Market Value
		Energy — (Continued)
	3,317	Schlumberger Ltd.	$	51,613
				137,129
		Total Common Stocks	$	10,777,848
Principal Amount
		Corporate Bonds — 17.5%
		Financials — 3.5%
$	18,000	American Financial Group, Inc., 5.250%, 4/2/30		21,804
	24,000	Ares Capital Corp., 3.250%, 7/15/25		23,773
	50,000	Bank of America Corp. MTN, 4.000%, 1/22/25		55,700
	24,000	Bank of Montreal (Canada), 3.803%, 12/15/32		26,750
	14,000	Berkshire Hathaway Finance Corp., 4.250%, 1/15/49		18,217
	18,000	Citigroup, Inc., 3.200%, 10/21/26		19,856
	11,000	Citigroup, Inc., 4.750%, 5/18/46		13,805
	24,000	Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.850%, 2/15/27(A)		21,831
	20,000	Goldman Sachs Group, Inc. (The), (3M LIBOR +1.000%), 1.264%, 7/24/23(A)		20,111
	32,000	Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28		35,870
	30,000	Huntington Bancshares, Inc., 2.550%, 2/4/30		31,423
	16,000	JPMorgan Chase & Co., 2.956%, 5/13/31		17,166
	25,000	JPMorgan Chase & Co., 3.509%, 1/23/29		28,120
	44,000	Mastercard, Inc., 3.300%, 3/26/27		50,155
	45,000	Morgan Stanley, 3.950%, 4/23/27		51,011
	25,000	New York Life Global Funding, 144a, 3.000%, 1/10/28		27,981
	18,000	Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47		20,337
	16,000	NTC Capital I, Ser A, (3M LIBOR +0.520%), 0.795%, 1/15/27(A)		14,949
	26,000	PNC Capital Trust, (3M LIBOR +0.570%), 0.816%, 6/1/28(A)		23,800
	10,000	State Street Corp., 144a, (SOFR +2.690%), 2.825%, 3/30/23(A)		10,347
	20,000	Toronto-Dominion Bank (The) (Canada) MTN, 1.150%, 6/12/25		20,325
	34,000	Truist Bank, Ser A, (3M LIBOR +0.670%), 0.950%, 5/15/27(A)		31,931
	22,000	Truist Financial Corp. MTN, 2.850%, 10/26/24		23,840
				609,102
		Consumer Staples — 2.1%
	28,000	Anheuser-Busch Cos, LLC / Anheuser-Busch InBev Worldwide, Inc., (Belgium), 4.900%, 2/1/46		34,525
	17,000	BAT International Finance PLC (United Kingdom), 1.668%, 3/25/26		17,058
	58,000	Costco Wholesale Corp., 1.375%, 6/20/27		59,410
	50,000	General Mills, Inc., (3M LIBOR +1.010%), 1.283%, 10/17/23(A)		50,542
	16,000	Kroger Co. (The), 5.000%, 4/15/42		20,481
	42,000	Mars, Inc., 144a, 3.875%, 4/1/39		49,470
	25,000	Mondelez International, Inc., 3.625%, 5/7/23		27,078
	55,000	PepsiCo, Inc., 1.625%, 5/1/30		56,504
	20,000	Reynolds American, Inc. (United Kingdom), 4.450%, 6/12/25		22,507
	13,000	Starbucks Corp., 3.350%, 3/12/50		13,340
	14,000	Sysco Corp., 5.950%, 4/1/30		17,744
				368,659
		Health Care — 2.0%
	7,000	Abbott Laboratories, 3.750%, 11/30/26		8,126

1

Touchstone Balanced Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Corporate Bonds — 17.5% (Continued)
		Health Care — (Continued)
$	20,000	AbbVie, Inc., 4.450%, 5/14/46	$	23,818
	15,000	AbbVie, Inc., 144a, 3.800%, 3/15/25		16,633
	18,000	AbbVie, Inc., 144a, 5.000%, 12/15/21		18,769
	5,000	Becton Dickinson and Co., (3M LIBOR +1.030%), 1.280%, 6/6/22(A)		5,035
	9,000	Becton Dickinson and Co., 4.685%, 12/15/44		11,128
	17,000	Bristol-Myers Squibb Co., 5.000%, 8/15/45		23,907
	36,000	Cigna Corp., 4.375%, 10/15/28		42,824
	7,000	CommonSpirit Health, 4.187%, 10/1/49		7,448
	23,000	CVS Health Corp., 4.300%, 3/25/28		26,921
	13,000	CVS Health Corp., 5.125%, 7/20/45		16,425
	35,000	DH Europe Finance II Sarl, 3.250%, 11/15/39		39,149
	45,000	Johnson & Johnson, 2.900%, 1/15/28		50,705
	36,000	Mylan, Inc., 4.550%, 4/15/28		41,937
	16,000	UnitedHealth Group, Inc., 3.500%, 8/15/39		18,381
				351,206
		Information Technology — 1.9%
	75,000	Apple, Inc., 2.750%, 1/13/25		81,219
	24,000	Apple, Inc., 4.650%, 2/23/46		33,497
	18,000	Fiserv, Inc., 3.500%, 7/1/29		20,518
	23,000	Global Payments, Inc., 2.650%, 2/15/25		24,409
	22,000	Hewlett Packard Enterprise Co., 4.650%, 10/1/24		24,878
	11,000	Micron Technology, Inc., 5.327%, 2/6/29		13,229
	34,000	Microsoft Corp., 3.500%, 2/12/35		41,946
	20,000	NXP BV / NXP Funding LLC (Netherlands), 144a, 5.350%, 3/1/26		23,645
	46,000	Oracle Corp., 2.650%, 7/15/26		50,223
	17,000	Visa, Inc., 4.150%, 12/14/35		22,014
				335,578
		Industrials — 1.9%
	18,000	Bemis Co., Inc., 2.630%, 6/19/30		19,187
	5,000	Boeing Co. (The), 5.040%, 5/1/27		5,505
	10,000	Boeing Co. (The), 5.805%, 5/1/50		12,098
	25,000	Burlington Northern Santa Fe LLC, 5.750%, 5/1/40		36,125
	24,000	Carrier Global Corp., 144a, 3.577%, 4/5/50		25,496
	17,000	Eagle Materials, Inc., 4.500%, 8/1/26		17,636
	12,000	Embraer Netherlands Finance BV (Brazil), 5.050%, 6/15/25		11,520
	7,000	Embraer Netherlands Finance BV (Brazil), 5.400%, 2/1/27		6,647
	21,000	FedEx Corp., 5.100%, 1/15/44		26,877
	12,000	General Electric Co., 4.125%, 10/9/42		12,141
	46,000	John Deere Capital Corp. MTN, 2.450%, 1/9/30		50,021
	20,000	Norfolk Southern Corp., 4.837%, 10/1/41		26,266
	32,000	Otis Worldwide Corp., 3.112%, 2/15/40		34,258
	19,000	Roper Technologies, Inc., 2.950%, 9/15/29		20,914
	17,000	Xylem, Inc., 1.950%, 1/30/28		17,713
				322,404
		Utilities — 1.4%
	14,000	American Water Capital Corp., 6.593%, 10/15/37		21,286
	26,000	DTE Energy Co. Ser D, 3.700%, 8/1/23		28,107
	15,000	Duke Energy Progress LLC, 4.150%, 12/1/44		18,700
	13,000	Edison International, 4.125%, 3/15/28		13,338
	30,000	Fortis, Inc. (Canada), 3.055%, 10/4/26		32,788
	16,000	Oncor Electric Delivery Co. LLC, 3.800%, 9/30/47		19,433
	28,000	Pacific Gas and Electric Co., 3.500%, 8/1/50		25,245
	27,000	PacifiCorp., 5.750%, 4/1/37		37,048
	13,000	Virginia Electric & Power Co., 3.300%, 12/1/49		15,039

Principal Amount			Market Value
		Utilities — (Continued)
$	34,000	WEC Energy Group, Inc., (3M LIBOR +2.113%), 2.393%, 5/15/67(A)	$	27,593
				238,577
		Communication Services — 1.3%
	7,000	Alphabet, Inc., 1.900%, 8/15/40		6,734
	10,000	AT&T, Inc., 4.500%, 5/15/35		11,806
	24,000	Booking Holdings, Inc., 3.600%, 6/1/26		26,586
	25,000	Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45		33,531
	14,000	Comcast Corp., 4.000%, 3/1/48		17,010
	15,000	Comcast Corp., 4.150%, 10/15/28		18,075
	14,000	Cox Communications, Inc., 144a, 3.350%, 9/15/26		15,571
	8,000	Deutsche Telekom International Finance BV (Germany), 8.750%, 6/15/30		12,430
	22,000	T-Mobile USA, Inc., 144a, 3.875%, 4/15/30		24,962
	25,000	Verizon Communications, Inc., 5.012%, 4/15/49		35,984
	13,000	ViacomCBS, Inc., 4.950%, 5/19/50		15,254
				217,943
		Real Estate — 1.2%
	14,000	American Homes 4 Rent LP REIT, 4.250%, 2/15/28		15,869
	23,000	Crown Castle International Corp. REIT, 3.650%, 9/1/27		25,736
	30,000	Equinix, Inc. REIT, 2.900%, 11/18/26		32,356
	22,000	Healthcare Realty Trust, Inc. REIT, 2.400%, 3/15/30		22,299
	16,000	Life Storage LP REIT, 2.200%, 10/15/30		15,959
	15,000	Mid-America Apartments LP REIT, 3.750%, 6/15/24		16,310
	16,000	Realty Income Corp. REIT, 3.250%, 1/15/31		17,706
	17,000	Sabra Health Care LP REIT, 5.125%, 8/15/26		18,383
	5,000	STORE Capital Corp. REIT, 4.500%, 3/15/28		5,358
	16,000	STORE Capital Corp. REIT, 4.625%, 3/15/29		17,157
	17,000	VEREIT Operating Partnership LP REIT, 4.600%, 2/6/24		18,238
				205,371
		Consumer Discretionary — 0.9%
	8,000	Ford Motor Credit Co. LLC, 4.542%, 8/1/26		7,981
	12,000	General Motors Financial Co., Inc., 3.950%, 4/13/24		12,697
	4,000	General Motors Financial Co., Inc., 5.650%, 1/17/29		4,666
	20,000	Home Depot, Inc. (The), 5.950%, 4/1/41		30,242
	24,000	Hyundai Capital America, 144a, 2.650%, 2/10/25		24,715
	24,000	Lowe’s Cos, Inc., 4.500%, 4/15/30		29,773
	21,000	Toyota Motor Credit Corp. MTN, 0.500%, 8/14/23		21,045
	22,000	Walmart, Inc., 2.850%, 7/8/24		23,904
				155,023
		Energy — 0.9%
	21,000	Boardwalk Pipelines LP, 4.450%, 7/15/27		22,616
	14,000	Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38		16,627
	14,000	Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37		12,076
	18,000	Diamondback Energy, Inc., 2.875%, 12/1/24		18,225
	21,000	Energy Transfer Partners LP, 4.950%, 6/15/28		22,252
	28,000	NGPL PipeCo LLC, 144a, 7.768%, 12/15/37		35,641
	20,000	Sabine Pass Liquefaction LLC, 5.000%, 3/15/27		22,559
				149,996
		Materials — 0.4%
	37,000	Ecolab, Inc., 4.800%, 3/24/30		47,195
	19,000	Sherwin-Williams Co. (The), 4.500%, 6/1/47		23,603
				70,798
		Total Corporate Bonds	$	3,024,657

2

Touchstone Balanced Fund (Unaudited) (Continued)

Principal Amount			Market Value
		U.S. Treasury Obligations — 11.8%
	$125,000	U.S. Treasury Bond, 1.375%, 8/15/50	$	122,676
	125,000	U.S. Treasury Note, 0.125%, 8/31/22		124,995
	440,000	U.S. Treasury Note, 0.375%, 3/31/22		441,598
	350,000	U.S. Treasury Note, 1.375%, 1/31/22		355,811
	950,000	U.S. Treasury Note, 1.500%, 11/30/24		1,000,320
		Total U.S. Treasury Obligations	$	2,045,400
		U.S. Government Mortgage-Backed Obligations — 5.7%
	198,522	FHLMC, Pool #G05624, 4.500%, 9/1/39		223,269
	137,861	FHLMC, Pool #Q29260, 4.000%, 10/1/44		152,345
	77,271	FNMA, Pool #725423, 5.500%, 5/1/34		90,974
	72,280	FNMA, Pool #725610, 5.500%, 7/1/34		85,110
	18,398	FNMA, Pool #890310, 4.500%, 12/1/40		20,678
	67,290	FNMA, Pool #AD9193, 5.000%, 9/1/40		76,957
	302,195	FNMA, Pool #AL5718, 3.500%, 9/1/44		333,162
		Total U.S. Government Mortgage-Backed Obligations	$	982,495
Shares
		Exchange-Traded Fund — 1.7%
	2,738	iShares JP Morgan USD Emerging Markets Bond ETF	$	303,617
		Short-Term Investment Fund — 1.2%
	216,260	Dreyfus Government Cash Management, Institutional Shares, 0.02%¥W	$	216,260
		Total Investment Securities — 100.1%
		(Cost $13,458,891)	$	17,350,277
		Liabilities in Excess of Other Assets — (0.1)%		(19,333	)
		Net Assets — 100.0%	$	17,330,944

^(A) Variable rate security - Rate reflected is the rate in effect as of September 30, 2020.

^* Non-income producing security.

¥ Open-End Fund.

W Represents the 7-day SEC yield as of September 30, 2020.

PortfolioAbbreviations:

ADR - American Depositary Receipt

ETF - Exchange-Traded Fund

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

MTN - Medium Term Note

PLC - Public Limited Company

REIT - Real Estate Investment Trust

SOFR- Secured Overnight Financing Rate

USD - United States Dollar

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, 2020, these securities were valued at $315,398 or 1.8% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

Other Information:

The inputs ormethodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	10,777,848	$	—	$	—	$	10,777,848
Corporate Bonds		—		3,024,657		—		3,024,657
U.S. Treasury Obligations		—		2,045,400		—		2,045,400
U.S. Government Mortgage-Backed Obligations		—		982,495		—		982,495
Exchange-Traded Fund		303,617						303,617
Short-Term Investment Fund		216,260		—		—		216,260
Total	$	11,297,725	$	6,052,552	$	—	$	17,350,277

See accompanying Notes to Portfolios of Investments.

3

Portfolio of Investments

Touchstone Bond Fund – September 30, 2020 (Unaudited)

Principal Amount			Market Value
		Corporate Bonds — 50.3%
		Financials — 10.0%
$	224,000	Ally Financial, Inc., 5.750%, 11/20/25	$	251,145
	215,000	American Financial Group, Inc., 5.250%, 4/2/30		260,434
	276,000	Ares Capital Corp., 3.250%, 7/15/25		273,389
	244,000	Bank of America Corp., 3.705%, 4/24/28		275,911
	390,000	Bank of America Corp. MTN, 4.000%, 1/22/25		434,460
	326,000	Bank of Montreal (Canada), 3.803%, 12/15/32		363,355
	230,000	Bank of Nova Scotia (The), (Canada), (3M LIBOR +0.620%), 0.847%, 9/19/22(A)		231,992
	316,000	Barclays PLC (United Kingdom), 4.610%, 2/15/23		330,690
	172,000	Berkshire Hathaway Finance Corp., 4.250%, 1/15/49		223,813
	320,000	Citigroup, Inc., (3M LIBOR +1.430%), 1.676%, 9/1/23(A)		325,328
	219,000	Citigroup, Inc., 3.200%, 10/21/26		241,579
	138,000	Citigroup, Inc., 4.750%, 5/18/46		173,187
	217,000	Cooke Omega Investments, Inc. / Alpha VesselCo Holdings, Inc. (Canada), 144a, 8.500%, 12/15/22		224,053
	355,000	Corestates Capital III, 144a, (3M LIBOR +0.570%), 0.850%, 2/15/27(A)		322,920
	126,000	Credit Acceptance Corp., 6.625%, 3/15/26		130,095
	171,000	GE Capital International Funding Co. Unlimited Co., 4.418%, 11/15/35		180,500
	69,000	goeasy Ltd. (Canada), 144a, 5.375%, 12/1/24		69,863
	398,000	Goldman Sachs Group, Inc. (The), (3M LIBOR +1.000%), 1.264%, 7/24/23(A)		400,214
	177,000	Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28		198,404
	262,000	Goldman Sachs Group, Inc. (The), 5.250%, 7/27/21		272,493
	200,000	HSBC Holdings PLC (United Kingdom), 3.900%, 5/25/26		221,337
	200,000	Huntington Bancshares, Inc., 2.550%, 2/4/30		209,485
	249,000	JPMorgan Chase & Co., 2.956%, 5/13/31		267,153
	327,000	JPMorgan Chase & Co., 3.509%, 1/23/29		367,813
	334,000	Lloyds Banking Group PLC (United Kingdom), 3.574%, 11/7/28		365,924
	200,000	Mastercard, Inc., 3.300%, 3/26/27		227,979
	46,000	MGIC Investment Corp., 5.250%, 8/15/28		47,445
	303,000	Morgan Stanley, 3.950%, 4/23/27		343,472
	89,000	Navient Corp., 5.500%, 1/25/23		89,566
	34,000	Navient Corp., 5.875%, 10/25/24		33,809
	89,000	Navient Corp., 7.250%, 9/25/23		91,893
	369,000	New York Life Global Funding, 144a, 3.000%, 1/10/28		413,004
	235,000	Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47		265,509
	248,000	NTC Capital I, Ser A, (3M LIBOR +0.520%), 0.795%, 1/15/27(A)		231,706
	35,000	PennyMac Financial Services, Inc., 144a, 5.375%, 10/15/25		35,438
	356,000	PNC Capital Trust, (3M LIBOR +0.570%), 0.816%, 6/1/28(A)		325,882
	25,000	Prime Security Services Borrower LLC / Prime Finance, Inc., 144a, 3.375%, 8/31/27		23,981
	112,000	Prime Security Services Borrower LLC / Prime Finance, Inc., 144a, 5.750%, 4/15/26		119,771
	42,000	Quicken Loans LLC / Quicken Loans Co.-Issuer, Inc., 144a, 3.875%, 3/1/31		41,475
	116,000	Quicken Loans, Inc., 144a, 5.250%, 1/15/28		122,225
	54,000	Springleaf Finance Corp., 8.875%, 6/1/25		59,805
	117,000	State Street Corp., 144a, (SOFR +2.690%), 2.825%, 3/30/23(A)		121,062
	296,000	Toronto-Dominion Bank (The) (Canada) MTN, 1.150%, 6/12/25		300,806

Principal Amount			Market Value
		Financials — (Continued)
$	496,000	Truist Bank, Ser A, (3M LIBOR +0.670%), 0.950%, 5/15/27(A)	$	465,816
	210,000	Truist Financial Corp. MTN, 2.850%, 10/26/24		227,566
				10,203,747
		Communication Services — 5.4%
	102,000	Alphabet, Inc., 1.900%, 8/15/40		98,131
	71,000	Altice France SA (France), 144a, 7.375%, 5/1/26		74,401
	36,000	ANGI Group LLC, 144a, 3.875%, 8/15/28		35,640
	232,000	AT&T, Inc., 4.500%, 5/15/35		273,910
	33,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.250%, 2/1/31		34,203
	32,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.500%, 8/15/30		33,601
	118,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.750%, 3/1/30		124,933
	21,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.125%, 5/1/27		22,097
	239,000	CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 5.375%, 6/1/29		259,016
	23,000	CenturyLink, Inc., 144a, 4.000%, 2/15/27		23,366
	265,000	Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45		355,432
	203,000	Comcast Corp., 4.000%, 3/1/48		246,638
	248,000	Comcast Corp., 4.150%, 10/15/28		298,845
	107,000	CommScope, Inc., 144a, 5.500%, 3/1/24		109,950
	17,000	CommScope, Inc., 144a, 7.125%, 7/1/28		17,468
	222,000	Cox Communications, Inc., 144a, 3.350%, 9/15/26		246,911
	121,000	Deutsche Telekom International Finance BV (Germany), 8.750%, 6/15/30		188,001
	81,000	Diamond Sports Group LLC / Diamond Sports Finance Co., 144a, 5.375%, 8/15/26		57,308
	237,000	DISH DBS Corp., 6.750%, 6/1/21		242,925
	37,000	EW Scripps Co. (The), 144a, 5.125%, 5/15/25		36,168
	181,000	Front Range BidCo, Inc., 144a, 4.000%, 3/1/27		178,145
	35,000	GCI LLC, 144a, 4.750%, 10/15/28		35,350
	144,000	GrubHub Holdings, Inc., 144a, 5.500%, 7/1/27		149,400
	35,000	Lamar Media Corp., 144a, 4.875%, 1/15/29		36,400
	70,000	Level 3 Financing, Inc., 144a, 3.625%, 1/15/29		69,125
	41,000	Level 3 Financing, Inc., 144a, 4.625%, 9/15/27		42,128
	19,000	MDC Partners, Inc., 144a, 6.500%, 5/1/24		17,338
	56,000	Meredith Corp., 144a, 6.500%, 7/1/25		57,680
	145,000	Netflix, Inc., 4.875%, 4/15/28		162,038
	40,000	Netflix, Inc., 144a, 5.375%, 11/15/29		47,146
	37,000	Nexstar Broadcasting, Inc., 144a, 4.750%, 11/1/28		37,686
	72,000	Outfront Media Capital LLC / Outfront Media Capital Corp., 144a, 6.250%, 6/15/25		74,160
	196,000	Photo Holdings Merger Sub, Inc., 144a, 8.500%, 10/1/26		179,340
	14,000	Sinclair Television Group, Inc., 144a, 5.125%, 2/15/27		13,055
	24,000	Sinclair Television Group, Inc., 144a, 5.625%, 8/1/24		23,880
	82,000	Sirius XM Radio, Inc., 144a, 5.500%, 7/1/29		87,945
	129,000	TEGNA, Inc., 144a, 5.000%, 9/15/29		127,388
	98,000	Telecom Italia Capital SA (Italy), 6.000%, 9/30/34		113,680
	55,000	Telecom Italia Capital SA (Italy), 6.375%, 11/15/33		65,450
	24,000	T-Mobile USA, Inc., 4.500%, 2/1/26		24,730
	326,000	T-Mobile USA, Inc., 144a, 3.875%, 4/15/30		369,886
	57,000	VeriSign, Inc., 5.250%, 4/1/25		62,985
	410,000	Verizon Communications, Inc., 5.012%, 4/15/49		590,139
	185,000	ViacomCBS, Inc., 4.950%, 5/19/50		217,071
				5,561,089

4

Touchstone Bond Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Corporate Bonds — 50.3% (Continued)
		Health Care — 5.4%
$	58,000	Abbott Laboratories, 3.750%, 11/30/26	$	67,332
	276,000	AbbVie, Inc., 4.450%, 5/14/46		328,686
	163,000	AbbVie, Inc., 144a, 3.800%, 3/15/25		180,741
	289,000	AbbVie, Inc., 144a, 5.000%, 12/15/21		301,354
	38,000	Acadia Healthcare Co., Inc., 144a, 5.000%, 4/15/29		38,523
	226,000	Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49		255,511
	24,000	AMN Healthcare, Inc., 144a, 4.625%, 10/1/27		24,600
	91,000	AMN Healthcare, Inc., 144a, 5.125%, 10/1/24		93,161
	21,000	Avon International Operations, Inc. (United Kingdom), 144a, 7.875%, 8/15/22		21,247
	215,000	Bausch Health Cos, Inc., 144a, 6.125%, 4/15/25		220,106
	70,000	Bausch Health Cos, Inc., 144a, 6.250%, 2/15/29		71,999
	73,000	Becton Dickinson and Co., (3M LIBOR +1.030%), 1.280%, 6/6/22(A)		73,505
	145,000	Becton Dickinson and Co., 4.685%, 12/15/44		179,284
	223,000	Bristol-Myers Squibb Co., 5.000%, 8/15/45		313,597
	249,000	Cigna Corp., 4.375%, 10/15/28		296,200
	117,000	CommonSpirit Health, 4.187%, 10/1/49		124,483
	185,000	CommonSpirit Health, 4.200%, 8/1/23		199,510
	320,000	CVS Health Corp., 4.300%, 3/25/28		374,551
	191,000	CVS Health Corp., 5.125%, 7/20/45		241,326
	52,000	DaVita, Inc., 144a, 3.750%, 2/15/31		50,105
	49,000	DaVita, Inc., 144a, 4.625%, 6/1/30		50,191
	285,000	DH Europe Finance II Sarl, 3.250%, 11/15/39		318,788
	35,000	Encompass Health Corp., 4.500%, 2/1/28		35,175
	20,000	Encompass Health Corp., 4.625%, 4/1/31		20,000
	46,000	HCA, Inc., 3.500%, 9/1/30		46,868
	149,000	HCA, Inc., 5.375%, 2/1/25		163,155
	21,000	Herbalife Nutrition Ltd. / HLF Financing, Inc., 144a, 7.875%, 9/1/25		22,549
	112,000	HLF Financing Sarl LLC / Herbalife International, Inc., 144a, 7.250%, 8/15/26		115,080
	16,000	LifePoint Health, Inc., 144a, 6.750%, 4/15/25		16,840
	215,000	MEDNAX, Inc., 144a, 5.250%, 12/1/23		217,688
	39,000	Medtronic Global Holdings SCA, 3.350%, 4/1/27		44,354
	228,000	Mylan, Inc., 4.550%, 4/15/28		265,599
	122,000	Select Medical Corp., 144a, 6.250%, 8/15/26		126,880
	54,000	Teleflex, Inc., 4.875%, 6/1/26		55,755
	16,000	Teleflex, Inc., 144a, 4.250%, 6/1/28		16,560
	87,000	Tenet Healthcare Corp., 5.125%, 5/1/25		87,809
	49,000	Tenet Healthcare Corp., 144a, 7.500%, 4/1/25		52,675
	304,000	UnitedHealth Group, Inc., 3.500%, 8/15/39		349,241
				5,461,028
		Consumer Staples — 5.2%
	157,000	Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 144a, 4.625%, 1/15/27		160,641
	137,000	American Builders & Contractors Supply Co., Inc., 144a, 4.000%, 1/15/28		139,226
	8,000	American Builders & Contractors Supply Co., Inc., 144a, 5.875%, 5/15/26		8,300
	427,000	Anheuser-Busch Cos, LLC / Anheuser-Busch InBev Worldwide, Inc., (Belgium), 4.900%, 2/1/46		526,503
	173,000	BAT International Finance PLC (United Kingdom), 1.668%, 3/25/26		173,588
	137,000	Cardtronics, Inc. / Cardtronics USA, Inc., 144a, 5.500%, 5/1/25†		137,000
	131,000	Carriage Services, Inc., 144a, 6.625%, 6/1/26		136,895
	294,000	Cimpress PLC (Ireland), 144a, 7.000%, 6/15/26		279,300

Principal Amount			Market Value
		Consumer Staples — (Continued)
$	311,000	Grupo Bimbo SAB de CV (Mexico), 144a, 4.500%, 1/25/22	$	325,349
	422,000	Imperial Brands Finance PLC (United Kingdom), 144a, 4.250%, 7/21/25		467,011
	58,000	JBS USA LUX SA / JBS USA Finance, Inc., 144a, 6.750%, 2/15/28		63,070
	131,000	JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 144a, 5.500%, 1/15/30		142,590
	66,000	Kraft Heinz Foods Co., 144a, 3.875%, 5/15/27		69,908
	213,000	Kroger Co. (The), 5.000%, 4/15/42		272,651
	327,000	Mars, Inc., 144a, 3.875%, 4/1/39		385,158
	84,000	Mattel, Inc., 144a, 6.750%, 12/31/25		88,620
	39,000	Michaels Stores, Inc., 144a, 4.750%, 10/1/27		38,659
	400,000	Mondelez International Holdings Netherlands BV, 144a, 2.125%, 9/19/22		412,790
	145,000	Performance Food Group, Inc., 144a, 5.500%, 6/1/24		145,000
	19,000	Performance Food Group, Inc., 144a, 6.875%, 5/1/25		20,235
	155,000	Pilgrim’s Pride Corp., 144a, 5.750%, 3/15/25		157,906
	20,000	Post Holdings, Inc., 144a, 4.625%, 4/15/30		20,575
	17,000	Post Holdings, Inc., 144a, 5.000%, 8/15/26		17,425
	53,000	QVC, Inc., 4.375%, 9/1/28		54,060
	86,000	QVC, Inc., 4.750%, 2/15/27		88,339
	286,000	Reynolds American, Inc. (United Kingdom), 4.450%, 6/12/25		321,847
	209,000	Staples, Inc., 144a, 7.500%, 4/15/26		193,149
	160,000	Starbucks Corp., 3.350%, 3/12/50		164,189
	75,000	Superior Plus LP / Superior General Partner, Inc. (Canada), 144a, 7.000%, 7/15/26		80,063
	154,000	Sysco Corp., 5.950%, 4/1/30		195,184
	60,000	US Foods, Inc., 144a, 6.250%, 4/15/25		63,525
				5,348,756
		Industrials — 5.2%
	128,000	Amsted Industries, Inc., 144a, 5.625%, 7/1/27		136,169
	244,000	Bemis Co., Inc., 2.630%, 6/19/30		260,096
	77,000	Boeing Co. (The), 5.040%, 5/1/27		84,770
	154,000	Boeing Co. (The), 5.805%, 5/1/50		186,306
	265,000	Burlington Northern Santa Fe LLC, 5.750%, 5/1/40		382,928
	74,000	BWX Technologies, Inc., 144a, 4.125%, 6/30/28		75,665
	143,000	Carrier Global Corp., 144a, 3.577%, 4/5/50		151,913
	167,000	Cascades, Inc./Cascades USA, Inc. (Canada), 144a, 5.375%, 1/15/28		175,559
	370,000	CRH America Finance, Inc. (Ireland), 144a, 4.500%, 4/4/48		428,910
	297,000	Eagle Materials, Inc., 4.500%, 8/1/26		308,119
	138,000	Embraer Netherlands Finance BV (Brazil), 5.050%, 6/15/25		132,480
	140,000	Embraer Netherlands Finance BV (Brazil), 5.400%, 2/1/27		132,930
	331,000	FedEx Corp., 5.100%, 1/15/44		423,635
	88,000	Fortress Transportation & Infrastructure Investors LLC, 144a, 6.750%, 3/15/22		86,680
	16,000	Howmet Aerospace, Inc., 6.750%, 1/15/28		17,640
	290,000	John Deere Capital Corp. MTN, 2.450%, 1/9/30		315,350
	87,000	Moog, Inc., 144a, 4.250%, 12/15/27		88,962
	49,000	New Enterprise Stone & Lime Co., Inc., 144a, 6.250%, 3/15/26		50,470
	237,000	Norfolk Southern Corp., 4.837%, 10/1/41		311,250
	170,000	Otis Worldwide Corp., 3.112%, 2/15/40		181,995
	52,000	Owens-Brockway Glass Container, Inc., 144a, 6.625%, 5/13/27		56,323
	59,000	Plastipak Holdings, Inc., 144a, 6.250%, 10/15/25		59,000

5

Touchstone Bond Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Corporate Bonds — 50.3% (Continued)
		Industrials — (Continued)
$	28,000	Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Lu, 144a, 4.000%, 10/15/27	$	28,210
	278,000	Roper Technologies, Inc., 2.950%, 9/15/29		306,003
	49,000	Standard Industries, Inc., 144a, 3.375%, 1/15/31		48,363
	14,000	Standard Industries, Inc., 144a, 5.000%, 2/15/27		14,560
	15,000	Summit Materials LLC / Summit Materials Finance Corp., 144a, 5.250%, 1/15/29		15,619
	92,000	TransDigm, Inc., 144a, 6.250%, 3/15/26		96,075
	11,000	TransDigm, Inc., 144a, 8.000%, 12/15/25		11,963
	36,000	Trivium Packaging Finance BV (Netherlands), 144a, 5.500%, 8/15/26		37,277
	1,606	United Airlines 2014-2 Class B Pass Through Trust, 4.625%, 9/3/22		1,495
	24,000	US Concrete, Inc., 144a, 5.125%, 3/1/29		24,060
	238,000	Vulcan Materials Co., 4.500%, 4/1/25		271,115
	49,000	WESCO Distribution, Inc., 144a, 7.250%, 6/15/28		53,688
	36,000	XPO Logistics, Inc., 144a, 6.250%, 5/1/25		38,470
	94,000	XPO Logistics, Inc., 144a, 6.750%, 8/15/24		99,565
	227,000	Xylem, Inc., 1.950%, 1/30/28		236,524
				5,330,137
		Consumer Discretionary — 4.2%
	140,000	1011778 BC ULC / New Red Finance, Inc. (Canada), 144a, 5.000%, 10/15/25		143,550
	29,000	Adient US LLC, 144a, 7.000%, 5/15/26		31,059
	97,000	Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 5.250%, 3/15/25		88,275
	115,000	Beacon Roofing Supply, Inc., 144a, 4.875%, 11/1/25		112,700
	77,000	Carnival Corp., 144a, 11.500%, 4/1/23		86,290
	59,000	Churchill Downs, Inc., 144a, 4.750%, 1/15/28		59,295
	9,000	Colt Merger Sub, Inc., 144a, 5.750%, 7/1/25		9,281
	15,000	Colt Merger Sub, Inc., 144a, 6.250%, 7/1/25		15,679
	21,000	Dana, Inc., 5.625%, 6/15/28		21,696
	24,000	Delta Air Lines, Inc., 3.750%, 10/28/29		20,467
	28,000	Delta Air Lines, Inc. / SkyMiles IP Ltd., 144a, 4.750%, 10/20/28		29,072
	45,000	FirstCash, Inc., 144a, 4.625%, 9/1/28		45,844
	45,000	Ford Motor Co., 9.000%, 4/22/25		51,593
	138,000	Ford Motor Credit Co. LLC, 4.542%, 8/1/26		137,673
	200,000	Ford Motor Credit Co. LLC MTN, 4.389%, 1/8/26		197,718
	90,000	General Motors Financial Co., Inc., 3.950%, 4/13/24		95,225
	165,000	General Motors Financial Co., Inc., 5.650%, 1/17/29		192,475
	77,000	Goodyear Tire & Rubber Co. (The), 5.125%, 11/15/23		77,000
	32,000	Group 1 Automotive, Inc., 144a, 4.000%, 8/15/28		31,440
	221,000	Home Depot, Inc. (The), 5.950%, 4/1/41		334,177
	316,000	Hyundai Capital America, 144a, 2.650%, 2/10/25		325,417
	126,000	JB Poindexter & Co., Inc., 144a, 7.125%, 4/15/26		133,608
	117,000	Lennar Corp., 4.750%, 4/1/21		118,024
	76,000	Lennar Corp., 4.750%, 5/30/25		82,945
	20,000	Lithia Motors, Inc., 144a, 4.375%, 1/15/31		20,000
	300,000	Lowe’s Cos, Inc., 4.500%, 4/15/30		372,167
	34,000	Marriott International, Inc., 4.625%, 6/15/30		36,412
	15,000	Meritor, Inc., 6.250%, 2/15/24		15,300
	36,000	Meritor, Inc., 144a, 6.250%, 6/1/25		37,620
	107,000	Quad/Graphics, Inc., 7.000%, 5/1/22		94,160
	37,000	Royal Caribbean Cruises Ltd., 144a, 11.500%, 6/1/25		42,922
	45,000	Taylor Morrison Communities, Inc., 144a, 5.875%, 6/15/27		49,500
	120,000	Taylor Morrison Communities, Inc. / Taylor Morrison Holdings II, Inc., 144a, 5.625%, 3/1/24		127,800

Principal Amount			Market Value
		Consumer Discretionary — (Continued)
$	306,000	Toyota Motor Credit Corp. MTN, 0.500%, 8/14/23	$	306,660
	16,000	TRI Pointe Group, Inc., 5.700%, 6/15/28		17,520
	142,000	United Rentals North America, Inc., 3.875%, 11/15/27		146,260
	157,000	United Rentals North America, Inc., 5.875%, 9/15/26		165,439
	13,000	Vail Resorts, Inc., 144a, 6.250%, 5/15/25		13,796
	324,000	Walmart, Inc., 2.850%, 7/8/24		352,036
	25,000	WMG Acquisition Corp., 144a, 3.000%, 2/15/31		24,306
	16,000	Wyndham Hotels & Resorts, Inc., 144a, 4.375%, 8/15/28		15,520
	49,000	Wyndham Hotels & Resorts, Inc., 144a, 5.375%, 4/15/26		49,858
				4,327,779
		Information Technology — 3.5%
	335,000	Apple, Inc., 2.750%, 1/13/25		362,779
	228,000	Apple, Inc., 4.650%, 2/23/46		318,223
	29,000	Black Knight InfoServ LLC, 144a, 3.625%, 9/1/28		29,308
	53,000	Booz Allen Hamilton, Inc., 144a, 3.875%, 9/1/28		54,407
	25,000	Boxer Parent Co., Inc., 144a, 7.125%, 10/2/25		26,702
	94,000	Camelot Finance SA, 144a, 4.500%, 11/1/26		95,880
	108,000	CDK Global, Inc., 4.875%, 6/1/27		113,670
	282,000	Fiserv, Inc., 3.500%, 7/1/29		321,456
	350,000	Global Payments, Inc., 2.650%, 2/15/25		371,443
	300,000	Hewlett Packard Enterprise Co., 4.650%, 10/1/24		339,240
	37,000	j2 Cloud Services LLC / j2 Global Co.-Obligor, Inc., 144a, 6.000%, 7/15/25		38,480
	14,000	Logan Merger Sub, Inc., 144a, 5.500%, 9/1/27		14,162
	35,000	Microchip Technology, Inc., 144a, 4.250%, 9/1/25		36,314
	142,000	Micron Technology, Inc., 5.327%, 2/6/29		170,777
	144,000	Microsoft Corp., 3.500%, 2/12/35		177,653
	6,000	NCR Corp., 144a, 8.125%, 4/15/25		6,632
	319,000	NXP BV / NXP Funding LLC (Netherlands), 144a, 5.350%, 3/1/26		377,136
	60,000	Open Text Corp. (Canada), 144a, 3.875%, 2/15/28		60,694
	170,000	Oracle Corp., 2.650%, 7/15/26		185,608
	110,000	SS&C Technologies, Inc., 144a, 5.500%, 9/30/27		116,899
	214,000	Visa, Inc., 4.150%, 12/14/35		277,116
	41,000	Western Digital Corp., 4.750%, 2/15/26		44,408
	74,000	Xerox Holdings Corp., 144a, 5.000%, 8/15/25		73,132
				3,612,119
		Energy — 3.5%
	270,000	Aker BP ASA (Norway), 144a, 3.000%, 1/15/25		270,834
	106,000	Apache Corp., 4.875%, 11/15/27		100,170
	321,000	Boardwalk Pipelines LP, 4.450%, 7/15/27		345,700
	221,000	Canadian Natural Resources Ltd. (Canada), 6.250%, 3/15/38		262,463
	202,000	Cenovus Energy, Inc. (Canada), 5.250%, 6/15/37		174,237
	40,000	Cenovus Energy, Inc. (Canada), 5.375%, 7/15/25		38,497
	297,000	Cheniere Corpus Christi Holdings LLC, 7.000%, 6/30/24		341,953
	36,000	Cheniere Energy Partners LP, 5.250%, 10/1/25		36,864
	16,000	Cheniere Energy, Inc., 144a, 4.625%, 10/15/28		16,420
	22,000	Continental Resources, Inc., 4.900%, 6/1/44		16,570
	83,000	Delek Logistics Partners LP / Delek Logistics Finance Corp., 6.750%, 5/15/25		75,323
	7,000	Endeavor Energy Resources LP / EER Finance, Inc., 144a, 6.625%, 7/15/25		7,193
	328,000	Energy Transfer Partners LP, 4.950%, 6/15/28		347,555
	86,000	Genesis Energy LP / Genesis Energy Finance Corp., 6.000%, 5/15/23		78,045
	13,000	Global Partners LP / GLP Finance Corp., 144a, 6.875%, 1/15/29		13,130

6

Touchstone Bond Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Corporate Bonds — 50.3% (Continued)
		Energy — (Continued)
$	19,000	MEG Energy Corp. (Canada), 144a, 6.500%, 1/15/25	$	18,637
	110,000	Montage Resources Corp., 8.875%, 7/15/23		111,788
	88,000	Murphy Oil Corp., 6.375%, 12/1/42		69,080
	238,000	NGPL PipeCo LLC, 144a, 7.768%, 12/15/37		302,951
	196,000	NuStar Logistics LP, 5.625%, 4/28/27		193,586
	7,000	Occidental Petroleum Corp., 4.100%, 2/15/47		4,726
	72,000	Occidental Petroleum Corp., 4.200%, 3/15/48		49,500
	105,000	Occidental Petroleum Corp., 6.625%, 9/1/30		96,863
	56,000	Occidental Petroleum Corp., 8.500%, 7/15/27		56,432
	51,000	ONEOK, Inc., 6.350%, 1/15/31		59,281
	147,000	PDC Energy, Inc., 5.750%, 5/15/26		136,497
	28,000	Range Resources Corp., 144a, 9.250%, 2/1/26		28,770
	14,000	Rattler Midstream LP, 144a, 5.625%, 7/15/25		14,105
	16,000	Southwestern Energy Co., 8.375%, 9/15/28		15,722
	50,000	Sunoco LP / Sunoco Finance Corp., 6.000%, 4/15/27		51,375
	112,000	Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 144a, 5.500%, 9/15/24		105,280
	119,000	TerraForm Power Operating LLC, 144a, 4.750%, 1/15/30		125,843
				3,565,390
		Real Estate — 3.2%
	166,000	American Homes 4 Rent LP REIT, 4.250%, 2/15/28		188,164
	147,000	CoreCivic, Inc. REIT, 5.000%, 10/15/22		144,571
	351,000	Crown Castle International Corp. REIT, 3.650%, 9/1/27		392,760
	48,000	Diversified Healthcare Trust REIT, 9.750%, 6/15/25		53,389
	230,000	Equinix, Inc. REIT, 2.900%, 11/18/26		248,062
	77,000	GEO Group, Inc. (The) REIT, 5.875%, 1/15/22		74,550
	77,000	GLP Capital LP / GLP Financing II, Inc. REIT, 5.375%, 4/15/26		85,339
	278,000	Healthcare Realty Trust, Inc. REIT, 2.400%, 3/15/30		281,784
	72,000	Iron Mountain, Inc. REIT, 144a, 5.250%, 7/15/30		75,060
	170,000	Life Storage LP REIT, 2.200%, 10/15/30		169,566
	147,000	MGM Growth Properties Operating Partnership LP / MGP Finance Co.-Issuer, Inc. REIT, 5.625%, 5/1/24		155,861
	181,000	Mid-America Apartments LP REIT, 3.750%, 6/15/24		196,805
	100,000	MPT Operating Partnership LP / MPT Finance Corp. REIT, 5.250%, 8/1/26		103,000
	204,000	Realty Income Corp. REIT, 3.250%, 1/15/31		225,756
	282,000	Sabra Health Care LP REIT, 5.125%, 8/15/26		304,935
	21,000	SBA Communications Corp. REIT, 144a, 3.875%, 2/15/27		21,315
	96,000	STORE Capital Corp. REIT, 4.500%, 3/15/28		102,873
	180,000	STORE Capital Corp. REIT, 4.625%, 3/15/29		193,014
	244,000	VEREIT Operating Partnership LP REIT, 4.600%, 2/6/24		261,763
				3,278,567
		Utilities — 3.1%
	213,000	American Water Capital Corp., 6.593%, 10/15/37		323,853
	28,000	Calpine Corp., 144a, 5.000%, 2/1/31		28,540
	14,000	Clearway Energy Operating LLC, 144a, 4.750%, 3/15/28		14,455
	35,000	DPL, Inc., 4.350%, 4/15/29		37,363
	354,000	DTE Energy Co. Ser D Series D, 3.700%, 8/1/23		382,689
	91,000	Duke Energy Progress LLC, 4.150%, 12/1/44		113,444
	202,000	Edison International, 4.125%, 3/15/28		207,251
	218,000	Electricite de France SA (France), 144a, 4.500%, 9/21/28		259,101
	85,000	Fortis, Inc. (Canada), 3.055%, 10/4/26		92,898
	234,000	Oncor Electric Delivery Co. LLC, 3.800%, 9/30/47		284,200

Principal Amount			Market Value
		Utilities — (Continued)
$	393,000	Pacific Gas and Electric Co., 3.500%, 8/1/50	$	354,337
	124,000	PacifiCorp., 5.750%, 4/1/37		170,145
	38,000	Pattern Energy Operations LP / Pattern Energy Operations, Inc., 144a, 4.500%, 8/15/28		39,425
	75,000	PG&E Corp., 5.000%, 7/1/28		72,750
	14,000	PG&E Corp., 5.250%, 7/1/30		13,545
	46,000	Rockpoint Gas Storage Canada Ltd. (Canada), 144a, 7.000%, 3/31/23		42,665
	134,000	Talen Energy Supply LLC, 144a, 7.625%, 6/1/28		134,000
	198,000	Virginia Electric & Power Co., 3.300%, 12/1/49		229,058
	492,000	WEC Energy Group, Inc., (3M LIBOR +2.113%), 2.393%, 5/15/67(A)		399,288
				3,199,007
		Materials — 1.6%
	40,000	Alcoa Nederland Holding BV, 144a, 6.750%, 9/30/24		41,250
	162,000	Alcoa Nederland Holding BV, 144a, 7.000%, 9/30/26		169,695
	9,000	Arconic Corp., 144a, 6.000%, 5/15/25		9,611
	83,000	Braskem America Finance Co. (Brazil), 144a, 7.125%, 7/22/41		87,731
	7,000	Clearwater Paper Corp., 144a, 4.750%, 8/15/28		7,018
	62,000	Commercial Metals Co., 5.750%, 4/15/26		64,480
	80,000	CVR Partners LP / CVR Nitrogen Finance Corp., 144a, 9.250%, 6/15/23		74,000
	196,000	Ecolab, Inc., 4.800%, 3/24/30		250,006
	54,000	FMG Resources August 2006 Pty Ltd. (Australia), 144a, 4.750%, 5/15/22		55,283
	180,000	Freeport-McMoRan, Inc., 5.000%, 9/1/27		188,019
	6,000	Hudbay Minerals, Inc. (Peru), 144a, 6.125%, 4/1/29		5,940
	72,000	Hudbay Minerals, Inc. (Peru), 144a, 7.625%, 1/15/25		73,260
	16,000	Minerals Technologies, Inc., 144a, 5.000%, 7/1/28		16,557
	75,000	Novelis Corp., 144a, 5.875%, 9/30/26		77,063
	80,000	Nufarm Australia Ltd. / Nufarm Americas, Inc.
		(Australia), 144a, 5.750%, 4/30/26		81,608
	293,000	Sherwin-Williams Co. (The), 4.500%, 6/1/47		363,989
	10,000	WR Grace & Co., 144a, 4.875%, 6/15/27		10,327
				1,575,837
		Total Corporate Bonds	$	51,463,456
		U.S. Treasury Obligations — 15.7%
	4,235,000	U.S. Treasury Bond, 1.375%, 8/15/50		4,156,255
	747,000	U.S. Treasury Bond, 2.250%, 8/15/49		890,943
	1,995,000	U.S. Treasury Note, 0.125%, 8/31/22		1,994,922
	3,870,000	U.S. Treasury Note, 0.375%, 3/31/22		3,884,059
	3,633,000	U.S. Treasury Note, 0.625%, 5/15/30		3,622,214
	515,000	U.S. Treasury Note, 1.500%, 11/30/24		542,279
	910,000	U.S. Treasury Note, 1.750%, 12/31/20		913,666
		Total U.S. Treasury Obligations	$	16,004,338
		Asset-Backed Securities — 9.3%
	375,000	Apidos CLO XVIII (Cayman Islands), Ser 2015-23A, Class AR, 144a, (3M LIBOR +1.220%), 2.821%, 4/15/33(A)		371,743
	265,000	Apidos CLO XVIII (Cayman Islands), Ser 2018-18A, Class A1, 144a, (3M LIBOR +1.140%), 1.398%, 10/22/30(A)		262,081
	400,000	Benefit Street Partners CLO XIX Ltd. (Cayman Islands), Ser 2019-19A, Class B, 144a, (3M LIBOR +2.000%), 2.275%, 1/15/33(A)		400,309
	250,000	CF Hippolyta LLC, Ser 2020-1, Class A1, 144a, 1.690%, 7/15/60		252,825

7

Touchstone Bond Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Asset-Backed Securities — 9.3% (Continued)
$	275,000	CIFC Funding Ltd. (Cayman Islands), Ser 2016-1A, Class A1R, 144a, (3M LIBOR +1.350%), 1.621%, 10/21/31(A)	$	273,106
	143,930	Domino’s Pizza Master Issuer LLC, Ser 2017-1A, Class A2II, 144a, 3.082%, 7/25/47		144,224
	714,125	Driven Brands Funding LLC, Ser 2019-1A, Class A2, 144a, 4.641%, 4/20/49		755,351
	546,816	Elara HGV Timeshare Issuer LLC, Ser 2019-A, Class B, 144a, 2.910%, 1/25/34		552,676
	297,853	GLS Auto Receivables Issuer Trust, Ser 2019-3A, Class A, 144a, 2.580%, 7/17/23		300,779
	206,689	Hertz Vehicle Financing II LP, Ser 2016-4A, Class A, 144a, 2.650%, 7/25/22		206,989
	130,630	Hertz Vehicle Financing II LP, Ser 2019-1A, Class A, 144a, 3.710%, 3/25/23		130,843
	297,750	Jack In The Box Funding LLC, Ser 2019-1A, Class A2I, 144a, 3.982%, 8/25/49		305,227
	268,000	Jersey Mike’s Funding, Ser 2019-1A, Class A2, 144a, 4.433%, 2/15/50		285,013
	257,050	Jimmy Johns Funding LLC, Ser 2017-1A, Class A2I, 144a, 3.610%, 7/30/47		260,294
	242,500	Jimmy Johns Funding LLC, Ser 2017-1A, Class A2II, 144a, 4.846%, 7/30/47		246,011
	29,081	Kabbage Funding LLC, Ser 2019-1, Class A, 144a, 3.825%, 3/15/24		28,833
	700,000	Madison Park Funding XXXV Ltd. (Cayman Islands), Ser 2015-18A, Class BR, 144a, (3M LIBOR +1.600%), 1.871%, 10/21/30(A)		685,376
	275,000	Madison Park Funding XXXV Ltd. (Cayman Islands), Ser 2019-35A, Class A2A, 144a, (3M LIBOR +1.650%), 1.922%, 4/20/31(A)		274,999
	400,000	OHA Loan Funding Ltd. (Cayman Islands), Ser 2015-1A, Class B1R2, 144a, (3M LIBOR +1.900%), 2.180%, 11/15/32(A)		399,147
	750,000	STWD Ltd. (Cayman Islands), Ser 2019-FL1, Class A, 144a, (1M LIBOR +1.080%), 1.232%, 7/15/38(A)		740,660
	330,000	TAL Advantage VII LLC, Ser 2020-1A, Class A, 144a, 2.050%, 9/20/45		330,590
	325,000	Towd Point Mortgage Trust, Ser 2015-3, Class A2, 144a, 4.000%, 3/25/54(A)(B)		337,128
	380,691	Towd Point Mortgage Trust, Ser 2019-1, Class A1, 144a, 3.750%, 3/25/58(A)(B)		412,414
	380,000	Voya CLO Ltd. (Cayman Islands), Ser 2017-4A, Class A1, 144a, (3M LIBOR +1.130%), 1.405%, 10/15/30(A)		375,886
	275,000	Voya CLO Ltd. (Cayman Islands), Ser 2019-2A, Class A, 144a, (3M LIBOR +1.270%), 1.542%, 7/20/32(A)		272,167
	899,563	Wendys Funding LLC, Ser 2018-1A, Class A2I, 144a, 3.573%, 3/15/48		929,788
		Total Asset-Backed Securities	$	9,534,459
		U.S. Government Mortgage-Backed Obligations — 6.6%
	79,645	FHLMC, Pool #A95946, 4.000%, 1/1/41		87,448
	66,574	FHLMC, Pool #A96485, 4.500%, 1/1/41		74,945
	17,321	FHLMC, Pool #G03217, 5.500%, 9/1/37		19,746
	10,417	FHLMC, Pool #G03781, 6.000%, 1/1/38		12,190
	372,229	FHLMC, Pool #G05624, 4.500%, 9/1/39		418,629
	495,491	FHLMC, Pool #Q29056, 4.000%, 10/1/44		543,926
	225,940	FHLMC, Pool #Q29260, 4.000%, 10/1/44		249,676
	4,549	FNMA, Pool #561741, 7.500%, 1/1/31		5,265
	290,784	FNMA, Pool #725423, 5.500%, 5/1/34		342,350
	267,704	FNMA, Pool #725610, 5.500%, 7/1/34		315,223
	6,548	FNMA, Pool #889734, 5.500%, 6/1/37		7,610

Principal Amount			Market Value
		U.S. Government Mortgage-Backed Obligations — 6.6% (Continued)
$	43,455	FNMA, Pool #AB1149, 5.000%, 6/1/40	$	50,014
	44,418	FNMA, Pool #AB1800, 4.000%, 11/1/40		49,356
	75,187	FNMA, Pool #AD3795, 4.500%, 4/1/40		84,538
	110,927	FNMA, Pool #AD9150, 5.000%, 8/1/40		127,801
	224,299	FNMA, Pool #AD9193, 5.000%, 9/1/40		256,523
	140,553	FNMA, Pool #AE0548, 4.500%, 11/1/40		158,189
	104,495	FNMA, Pool #AE4429, 4.000%, 10/1/40		115,132
	6,283	FNMA, Pool #AH2666, 4.000%, 1/1/26		6,662
	12,035	FNMA, Pool #AH3493, 4.000%, 2/1/26		12,793
	173,996	FNMA, Pool #AJ5457, 4.000%, 11/1/41		191,913
	169,304	FNMA, Pool #AL0054, 4.500%, 2/1/41		190,500
	374,361	FNMA, Pool #AL5718, 3.500%, 9/1/44		412,723
	393,460	FNMA, Pool #AR9195, 3.000%, 3/1/43		424,741
	159,458	FNMA, Pool #AS7813, 4.000%, 8/1/46		173,017
	408,347	FNMA, Pool #AT2016, 3.000%, 4/1/43		436,332
	417,944	FNMA, Pool #BC1158, 3.500%, 2/1/46		445,857
	209,946	FNMA, Pool #MA1175, 3.000%, 9/1/42		223,376
	111,072	FNMA, Pool #MA2177, 4.000%, 2/1/35		121,060
	148,020	GNMA, Pool #4853, 4.000%, 11/20/40		161,549
	103,391	GNMA, Pool #4883, 4.500%, 12/20/40		114,765
	400,704	GNMA, Pool #5175, 4.500%, 9/20/41		444,929
	14,820	GNMA, Pool #679437, 6.000%, 11/15/22		14,952
	40,708	GNMA, Pool #736696, 4.500%, 5/15/40		44,800
	200,188	GNMA, Pool #AD1745, 3.000%, 2/20/43		215,798
	158,328	GNMA, Pool #MA1157, 3.500%, 7/20/43		171,607
		Total U.S. Government Mortgage-Backed Obligations	$	6,725,935

Shares
		Exchange-Traded Fund — 4.9%
	45,431	iShares JP Morgan USD Emerging Markets Bond ETF	$	5,037,844

Principal Amount			Market Value
		Non-Agency Collateralized Mortgage Obligations — 4.4%
$	208,877	Agate Bay Mortgage Trust, Ser 2013-1, Class B3, 144a, 3.600%, 7/25/43(A)(B)		209,311
	658,079	Agate Bay Mortgage Trust, Ser 2015-4, Class B2, 144a, 3.575%, 6/25/45(A)(B)		684,142
	492,025	Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.745%, 10/25/45(A)(B)		508,139
	547,232	CSMC Trust, Ser 2013-IVR3, Class B2, 144a, 3.397%, 5/25/43(A)(B)		552,306
	434,043	CSMC Trust, Ser 2015-1, Class B3, 144a, 3.930%, 1/25/45(A)(B)		431,981
	291,169	CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.844%, 12/25/44(A)(B)		291,445
	181,444	CSMC Trust, Ser 2018-RPL9, Class A, 144a, 3.850%, 9/25/57(A)(B)		199,017
	1,586	Deutsche ALT-A Securities, Inc. Alternate Loan Trust, Ser 2003-2XS, Class A6, 5.470%, 9/25/33(A)(B)		1,603
	311,903	EverBank Mortgage Loan Trust, Ser 2013-1, Class B1, 144a, 3.500%, 3/25/43(A)(B)		321,053
	528,077	JP Morgan Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.509%, 1/25/47(A)(B)		536,737
	91,102	Residential Asset Securitization Trust, Ser 2006-A1, Class 1A3, 6.000%, 4/25/36		64,884

8

Touchstone Bond Fund (Unaudited) (Continued)

Principal Amount			Market Value
		Non-Agency Collateralized Mortgage Obligations — 4.4% (Continued)
$	186,923	Sequoia Mortgage Trust, Ser 2013-1, Class B1, 3.620%, 2/25/43(A)(B)	$	190,324
	189,304	Sequoia Mortgage Trust, Ser 2013-10, Class B2, 144a, 3.553%, 8/25/43(A)(B)		191,486
	255,229	Sequoia Mortgage Trust, Ser 2013-5, Class B1, 144a, 3.498%, 5/25/43(A)(B)		260,708
	32,983	Washington Mutual Alternative Mortgage Pass-Through Certificates, Ser 2005-9, Class 2A4, 5.500%, 11/25/35		33,802
		Total Non-Agency Collateralized Mortgage Obligations	$	4,476,938
		Commercial Mortgage-Backed Securities — 3.6%
	675,000	BANK, Ser 2018-BN14, Class A3, 3.966%, 9/15/60		787,216
	750,000	BHMS, Ser 2018-ATLS, Class A, 144a, (1M LIBOR +1.250%), 1.402%, 7/15/35(A)		719,180
	360,000	DBUBS Mortgage Trust, Ser 2017-BRBK, Class B, 144a, 3.648%, 10/10/34(A)(B)		382,039
	375,000	GS Mortgage Securities Corp. II, Ser 2017-SLP, Class B, 144a, 3.772%, 10/10/32		380,238
	250,000	GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.659%, 1/10/43(A)(B)		267,018
	350,000	JP Morgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (1M LIBOR +1.020%), 2.020%, 11/15/35(A)		335,818
	675,000	SG Commercial Mortgage Securities Trust, Ser 2019-787E, Class A, 144a, 4.163%, 2/15/41		770,389
		Total Commercial Mortgage-Backed Securities	$	3,641,898
		Agency Collateralized Mortgage Obligations —1.4%
	846,713	FHLMC REMIC, Ser 3859, Class JB, 5.000%, 5/15/41		954,758
	53,866	FNMA REMIC, Ser 2015-51, Class KC, 3.000%, 6/25/45		57,363
	408,775	FNMA REMIC, Ser 2017-90, Class KA, 3.000%, 11/25/47		439,649
		Total Agency Collateralized Mortgage Obligations		$ 1,451,770
		Municipal Bond — 0.3%
		New York — 0.3%
$	320,000	NY Housing Development Corp., Ref 8 Spruce Street Class B, 3.864%, 2/15/48		343,370
Shares
		Short-Term Investment Funds — 3.6%
	3,601,253	Dreyfus Government Cash Management, Institutional Shares, 0.02% ¥W		3,601,253
	52,825	Invesco Government & Agency Portfolio, Institutional Class, 0.02%**¥W		52,825
		Total Short-Term Investment Funds	$	3,654,078
		Total Investment Securities —100.1%
		(Cost $96,784,119)	$	102,334,086
		Liabilities in Excess of Other Assets — (0.1%)		(53,940	)
		Net Assets — 100.0%	$	102,280,146

^(A)  Variable rate security - Rate reflected is the rate in effect as of September 30, 2020.

^(B) Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.

** 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, 2020 was $50,550.

¥ Open-End Fund.

W  Represents the 7-day SEC yield as of September 30, 2020.

Portfolio Abbreviations

CLO - Collateralized Loan Obligation

ETF - Exchange-Traded Fund

FHLMC - Federal Home Loan Mortgage Corporation

FNMA - Federal National Mortgage Association

GNMA - Government National Mortgage Association

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

MTN - Medium Term Note

PLC - Public Limited Company

REIT - Real Estate Investment Trust

REMIC - Real Estate Mortgage Investment Conduit

SOFR - Secured Overnight Financing Rate

USD - United States Dollar

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, 2020, these securities were valued at $32,811,232 or 32.1% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.

OtherInformation:

The inputs ormethodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1			Level 2		Level 3		Total
Assets:
Corporate Bonds	$	—		$	51,463,456	$	—	$	51,463,456
U.S. Treasury Obligations		—			16,004,338		—		16,004,338
Asset-Backed Securities		—			9,534,459		—		9,534,459
U.S. Government Mortgage-Backed Obligations		—			6,725,935		—		6,725,935
Exchange-Traded Fund		5,037,844			—		—		5,037,844
Non-Agency Collateralized Mortgage Obligations		—			4,476,938		—		4,476,938
Commercial Mortgage-Backed Securities		—			3,641,898		—		3,641,898
Agency Collateralized Mortgage Obligations		—			1,451,770		—		1,451,770
Municipal Bond		—			343,370		—		343,370
Short-Term Investment Funds		3,654,078			—		—		3,654,078
Total Assets	$	8,691,922		$	93,642,164	$	—	$	102,334,086
Liabilities:
Other Financial Instruments*
Futures Interest Rate Contracts	$	(2,273	)	$	—	$	—	$	(2,273	)
Total	$	8,689,649		$	93,642,164	$	—	$	102,331,813

* Other Financial Instruments are derivative instruments not reflected in total investments. Amounts shown represent unrealized appreciation (depreciation) on futures contracts.

9

Touchstone Bond Fund (Unaudited) (Continued)

Futures Contracts

The Fund had the following futures contracts, brokered by Wells Fargo, open at September 30, 2020:

Description	Expiration Date		Number of Contracts		Notional Value		Unrealized Depreciation
Long Futures:
Ultra Long U.S. Treasury Bond Futures		12/21/2020		8	$	1,776,773	$	(2,273	)

See accompanying Notes to Portfolios of Investments.

10

Portfolio of Investments

Touchstone Common Stock Fund – September 30, 2020 (Unaudited)

	Shares		Market Value
Common Stocks — 99.9%
Information Technology — 27.5%
Apple, Inc.		140,829	$	16,309,407
Avnet, Inc.		62,054		1,603,475
International Business Machines Corp.		22,843		2,779,308
Microsoft Corp.		76,893		16,172,905
Oracle Corp.		82,852		4,946,264
salesforce.com, Inc.*		32,289		8,114,872
SS&C Technologies Holdings, Inc.		37,962		2,297,460
Texas Instruments, Inc.		25,987		3,710,684
Workday, Inc. - Class A*		15,533		3,341,614
				59,275,989
Communication Services — 20.9%
Alphabet, Inc. - Class C*		9,023		13,260,201
AT&T, Inc.		88,597		2,525,900
Baidu, Inc. (China) ADR*		7,462		944,615
Comcast Corp. - Class A		134,365		6,215,725
Facebook, Inc. - Class A*		49,473		12,956,979
Fox Corp. - Class A		67,213		1,870,538
Netflix, Inc.*		7,955		3,977,739
Walt Disney Co. (The)		27,958		3,469,029
				45,220,726
Consumer Discretionary — 14.2%
Alibaba Group Holding Ltd. (China) ADR*		16,143		4,745,719
Amazon.com, Inc.*		3,978		12,525,648
Hilton Worldwide Holdings, Inc.		37,268		3,179,706
JD.com, Inc. (China) ADR*		53,709		4,168,356
Starbucks Corp.		36,262		3,115,631
Trip.com Group Ltd. (China) ADR*		91,613		2,852,829
				30,587,889
Financials — 11.0%
Bank of America Corp.		181,281		4,367,059
Berkshire Hathaway, Inc. - Class B*		53,530		11,398,678
Goldman Sachs Group, Inc. (The)		25,685		5,161,914
Signature Bank/NewYork NY		34,361		2,851,619
				23,779,270
Health Care — 10.6%
AmerisourceBergen Corp.		23,510		2,278,589
Bristol-Myers Squibb Co.		77,056		4,645,706
HCA Healthcare, Inc.		33,593		4,188,375
Johnson & Johnson		43,542		6,482,533
UnitedHealth Group, Inc.		16,842		5,250,830
				22,846,033
Industrials — 8.4%
Deere & Co.		21,696		4,808,485
FedEx Corp.		11,779		2,962,654
Hubbell, Inc.		27,193		3,721,090
Parker-Hannifin Corp.		12,785		2,586,917
Raytheon Technologies Corp.		70,967		4,083,441
				18,162,587
Consumer Staples — 3.4%
Monster Beverage Corp.*		48,551		3,893,790
Philip Morris International, Inc.		46,964		3,521,830
				7,415,620

	Shares		Market Value
Real Estate — 1.4%
Jones Lang LaSalle, Inc.		32,714	$	3,129,421
Energy — 1.3%
Exxon Mobil Corp.		50,133		1,721,066
Schlumberger Ltd.		67,838		1,055,559
				2,776,625
Materials — 1.2%
DuPont de Nemours, Inc.		45,483		2,523,397
Total Common Stocks			$	215,717,557
Short-Term Investment Fund — 0.2%
Dreyfus Government Cash Management, Institutional Shares, 0.02%¥W		319,055	$	319,055
Total Investment Securities —100.1%
(Cost $143,003,003)			$	216,036,612
Liabilities in Excess of Other Assets — (0.1%)				(109,192	)
Net Assets — 100.0%			$	215,927,420

* Non-income producing security.

¥ Open-End Fund.

W Represents the 7-day SEC yield as of September 30, 2020.

Portfolio Abbreviations:

ADR-American Depositary Receipt

Other Information:

The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

	Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	215,717,557	$	—	$	—	$	215,717,557
Short-Term Investment Fund		319,055		—		—		319,055
Total	$	216,036,612	$	—	$	—	$	216,036,612

See accompanying Notes to Portfolios of Investments.

11

Portfolio of Investments

Touchstone Small Company Fund – September 30, 2020 (Unaudited)

			Market
	Shares		Value
Common Stocks — 98.4%
Health Care — 21.7%
Addus HomeCare Corp.*		6,500	$	614,315
Bio-Rad Laboratories, Inc. - Class A*		1,196		616,490
Bio-Techne Corp.		2,236		553,924
Chemed Corp.		1,310		629,259
Encompass Health Corp.		9,983		648,695
Ensign Group, Inc. (The)		11,500		656,190
Globus Medical, Inc. - Class A*		11,868		587,703
Haemonetics Corp.*		7,040		614,240
HMS Holdings Corp.*		24,500		586,775
Integra LifeSciences Holdings Corp.*		12,892		608,760
Magellan Health, Inc.*		8,100		613,818
NuVasive, Inc.*		11,197		543,838
Omnicell, Inc.*		8,631		644,391
Premier, Inc. - Class A		18,918		621,078
Progyny, Inc.*		22,300		656,289
Providence Service Corp. (The)*		7,131		662,541
Tactile Systems Technology, Inc.*		16,800		614,712
Vericel Corp.*		33,100		613,343
Vocera Communications, Inc.*		22,500		654,300
				11,740,661
Information Technology — 20.6%
8x8, Inc.*		39,000		606,450
Aspen Technology, Inc.*		5,258		665,610
Cerence, Inc.*		11,199		547,295
Envestnet, Inc.*		7,900		609,564
ExlService Holdings, Inc.*		10,087		665,439
J2 Global, Inc.*		8,885		615,020
KBR, Inc.		27,970		625,409
MAXIMUS, Inc.		8,687		594,278
Nice Ltd. (Israel) ADR*		2,568		583,013
Nuance Communications, Inc.*		18,498		613,949
Onto Innovation, Inc.*		43,308		1,289,712
Qualys, Inc.*		5,828		571,202
SPS Commerce, Inc.*		8,100		630,747
Tower Semiconductor Ltd. (Israel)*		33,800		615,836
Verint Systems, Inc.*		27,400		1,320,132
WNS Holdings Ltd. (India) ADR*		9,800		626,808
				11,180,464
Industrials — 20.2%
Aerojet Rocketdyne Holdings, Inc.*		15,900		634,251
ASGN, Inc.*		9,517		604,901
Clean Harbors, Inc.*		18,300		1,025,349
Crane Co.		11,582		580,606
Curtiss-Wright Corp.		11,500		1,072,490
Dycom Industries, Inc.*		11,100		586,302
Great Lakes Dredge & Dock Corp.*		70,400		669,504
ITT, Inc.		10,148		599,240
John Bean Technologies Corp.		5,700		523,773
Parsons Corp.*		19,300		647,322
Quanta Services, Inc.		20,733		1,095,946
RBC Bearings, Inc.*		4,300		521,203
Rexnord Corp.		21,380		637,979
SkyWest, Inc.		19,300		576,298
Watts Water Technologies, Inc. - Class A		6,305		631,446
Woodward, Inc.		6,861		549,978
				10,956,588
Consumer Discretionary — 16.2%
American Eagle Outfitters, Inc.†		63,300		937,473
Aritzia, Inc. (Canada)*		45,292		592,873

			Market
	Shares		Value
Consumer Discretionary — (Continued)
Fox Factory Holding Corp.*		8,700	$	646,671
frontdoor, Inc.*		26,596		1,034,850
Grand Canyon Education, Inc.*		7,100		567,574
Malibu Boats, Inc. - Class A*		12,000		594,720
Oxford Industries, Inc.		14,315		577,753
Skyline Champion Corp.*		21,500		575,555
Steven Madden Ltd.		32,364		631,098
Strategic Education, Inc.		6,400		585,408
Texas Roadhouse, Inc.		8,978		545,773
TopBuild Corp.*		3,900		665,691
Zumiez, Inc.*		28,400		790,088
				8,745,527
Financials — 11.4%
Evercore, Inc. - Class A		20,400		1,335,384
Glacier Bancorp, Inc.		20,792		666,384
Old National Bancorp		51,400		645,584
Pacific Premier Bancorp, Inc.		33,100		666,634
TCF Financial Corp.		37,600		878,336
Webster Financial Corp.		24,373		643,691
Western Alliance Bancorp		20,677		653,807
WSFS Financial Corp.		25,500		687,735
				6,177,555
Real Estate — 4.8%
Corporate Office Properties Trust REIT		51,545		1,222,647
Healthcare Realty Trust, Inc. REIT		24,700		743,964
STAG Industrial, Inc. REIT		21,300		649,437
				2,616,048
Communication Services — 3.5%
Cargurus, Inc.*		28,200		609,966
Cogent Communications Holdings, Inc.		10,561		634,188
QuinStreet, Inc.*		40,280		638,035
				1,882,189
Total Common Stocks			$	53,299,032
Short-Term Investment Funds — 4.2%
Dreyfus Government Cash Management, Institutional Shares, 0.02%¥W		1,446,027	$	1,446,027
Invesco Government & Agency Portfolio, Institutional Class, 0.02%**¥W		825,318		825,318
Total Short-Term Investment Funds			$	2,271,345
Total Investment Securities —102.6%
(Cost $47,094,068)			$	55,570,377
Liabilitiesin Excess of Other Assets — (2.6%)				(1,420,621	)
Net  Assets — 100.0%			$	54,149,756

* 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 30,2020 was $855,218.

¥  Open-End Fund.

W Represents the 7-day SEC yield as of September 30,2020.

Portfolio Abbreviations:

ADR-American Depositary Receipt

REIT-Real Estate Investment Trust

12

Touchstone Small Company Fund (Unaudited) (Continued)

Other Information:

The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	53,299,032	$	—	$	—	$	53,299,032
Short-Term Investment Funds		2,271,345		—		—		2,271,345
Total	$	55,570,377	$	—	$	—	$	55,570,377

See accompanying Notes to Portfolios of Investments.

13

Portfolio of Investments

Touchstone Aggressive ETF Fund – September 30, 2020 (Unaudited)

	Shares		Market Value
Exchange-Traded Funds ~ — 97.1%
Equity Funds — 79.8%
iShares Core S&P Mid-Cap ETF		7,242	$	1,342,015
iShares Core S&P Small-Cap ETF		4,965		348,692
Vanguard FTSE Developed Markets ETF		89,585		3,664,026
Vanguard FTSE Emerging Markets ETF		15,119		653,746
Vanguard S&P 500 ETF		25,154		7,738,628
Vanguard Value ETF		8,755		914,985
				14,662,092
Fixed Income Funds — 17.3%
iShares Broad USD High Yield Corporate Bond ETF		7,131		281,460
iShares Core Total USD Bond Market ETF		13,784		749,574
iShares Core US Aggregate Bond ETF		11,044		1,303,855
Vanguard Intermediate-Term Corporate Bond ETF		5,866		561,963
Vanguard Total International Bond ETF		4,868		283,245
				3,180,097
Total Exchange-Traded Funds			$	17,842,189
Short-Term Investment Fund — 3.1%
Dreyfus Government Cash Management, Institutional Shares, 0.02%¥W		561,840	$	561,840
Total Investment Securities — 100.2%
(Cost $15,570,079)			$	18,404,029
Liabilities in Excess of Other Assets — (0.2%)				(29,633	)
Net Assets — 100.0%			$	18,374,396

^~  The financial statements of the underlying funds can be found on the SEC website.

¥  Open-End Fund.

W  Represents the 7-day SEC yield as of September 30, 2020.

Portfolio Abbreviations:

ETF - Exchange-Traded Fund

Other Information:

The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	17,842,189	$	—	$	—	$	17,842,189
Short-Term Investment Fund		561,840		—		—		561,840
Total	$	18,404,029	$	—	$	—	$	18,404,029

See accompanying Notes to Portfolios of Investments.

14

Portfolio of Investments

Touchstone Conservative ETF Fund – September 30, 2020 (Unaudited)

	Shares		Market Value
Exchange-Traded Funds ~ — 97.6%
Fixed Income Funds — 57.7%
iShares Broad USD High Yield Corporate Bond ETF		20,951	$	826,936
iShares Core Total USD Bond Market ETF		45,368		2,467,112
iShares Core US Aggregate Bond ETF		23,177		2,736,277
Vanguard Intermediate-Term Corporate Bond ETF		14,275		1,367,545
Vanguard Total International Bond ETF		7,186		418,117
				7,815,987
Equity Funds — 39.9%
iShares Core S&P Mid-Cap ETF		2,493		461,978
iShares Core S&P Small-Cap ETF		1,830		128,521
Vanguard FTSE Developed Markets ETF		29,950		1,224,955
Vanguard FTSE Emerging Markets ETF		4,702		203,314
Vanguard S&P 500 ETF		9,917		3,050,965
Vanguard Value ETF		3,223		336,836
				5,406,569
Total Exchange-Traded Funds			$	13,222,556
Short-Term Investment Fund — 2.7%
Dreyfus Government Cash Management, Institutional Shares, 0.02%¥W		365,570	$	365,570
Total Investment Securities — 100.3%
(Cost $11,600,243)			$	13,588,126
Liabilities in Excess of Other Assets — (0.3%)				(35,500	)
Net Assets — 100.0%			$	13,552,626

^~  The financial statements of the underlying funds can be found on the SEC website.

¥  Open-End Fund.

W  Represents the 7-day SEC yield as of September 30, 2020.

Portfolio Abbreviations:

ETF - Exchange-Traded Fund

Other Information:

The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	13,222,556	$	—	$	—	$	13,222,556
Short-Term Investment Fund		365,570		—		—		365,570
Total	$	13,588,126	$	—	$	—	$	13,588,126

See accompanying Notes to Portfolios of Investments.

15

Portfolio of Investments

Touchstone Moderate ETF Fund – September 30, 2020 (Unaudited)

	Shares		Market Value
Exchange-Traded Funds~ — 97.5%
Equity Funds — 59.9%
iShares Core S&P Mid-Cap ETF		5,017	$	929,700
iShares Core S&P Small-Cap ETF		3,526		247,631
Vanguard FTSE Developed Markets ETF		59,302		2,425,452
Vanguard FTSE Emerging Markets ETF		10,160		439,318
Vanguard S&P 500 ETF		18,377		5,653,684
Vanguard Value ETF†		6,620		691,856
				10,387,641
Fixed Income Funds — 37.6%
iShares Broad USD High Yield Corporate Bond ETF†		13,466		531,503
iShares Core Total USD Bond Market ETF		35,511		1,931,088
iShares Core US Aggregate Bond ETF		19,323		2,281,274
Vanguard Intermediate-Term Corporate Bond ETF		13,740		1,316,292
Vanguard Total International Bond ETF		7,683		447,035
				6,507,192
Total Exchange-Traded Funds			$	16,894,833
Short-Term Investment Funds — 5.8%
Dreyfus Government Cash Management, Institutional Shares, 0.02% ¥W		450,325		450,325
Invesco Government & Agency Portfolio, Institutional Class, 0.02%**¥W		545,900		545,900
Total Short-Term Investment Funds			$	996,225
Total Investment Securities — 103.3%
(Cost $15,712,630)			$	17,891,058
Liabilities in Excess of Other Assets — (3.3%)				(565,714	)
Net Assets — 100.0%			$	17,325,344

^~  The financial statements of the underlying funds can be found on the SEC website.

^**  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, 2020 was $535,402

¥  Open-End Fund.

W Represents the 7-day SEC yield as of September 30, 2020.

Portfolio Abbreviations:

ETF - Exchange-Traded Fund

Other Information:

The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the security valuation section in the accompanying Notes to Portfolios of Investments.

Valuation inputs at Reporting Date:
Description	Level 1		Level 2		Level 3		Total
Exchange-Traded Funds	$	16,894,833	$	—	$	—	$	16,894,833
Short-Term Investment Funds		996,225		—		—		996,225
Total	$	17,891,058	$	—	$	—	$	17,891,058

See accompanying Notes to Portfolios of Investments.

16

Notes to Portfolios of Investments

September 30, 2020 (Unaudited)

Security valuation and fair value measurements—U.S. generally accepted accounting principles (“U.S. GAAP”) defines fair value as the price the Funds would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. All investments in securities are recorded at their fair value. The Funds define the term “market value”, as used throughout this report, as the estimated fair value. The Funds use various methods to measure fair value of their portfolio securities on a recurring basis. U.S. GAAP fair value measurement standards require disclosure of a hierarchy that prioritizes inputs to valuation methods. These inputs are summarized in the three broad levels listed below.

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

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

• Level 3 – significant unobservable inputs (including a Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The aggregate value by input level, as of September 30, 2020, for each Fund’s investments is included in each Funds’ Portfolio of Investments, which also includes a breakdown of the Funds’ investments by portfolio or sector allocation. The Funds did not hold or transfer any Level 3 categorized securities during the period ended September 30, 2020.

Changes in valuation techniques may result in transfers into or out of an investment’s assigned level within the hierarchy.

The Funds’ portfolio securities are valued as of the close of the regular session of trading on the New York Stock Exchange (“NYSE”) (currently 4:00 p.m., Eastern Time or at the time as of which the NYSE establishes official closing prices). Portfolio securities traded on stock exchanges are valued at the last reported sale price, official close price, or last bid price if no sales are reported. Portfolio securities quoted by NASDAQ are valued at the NASDAQ Official Closing Price (“NOCP”) or from the primary exchange on which the security trades. To the extent these securities are actively traded, they are categorized in Level 1 of the fair value hierarchy. Options and futures are valued at the last quoted sales price. If there is no such reported sale on the valuation date, long option positions are valued at the most recent bid price, and short option positions are valued at the most recent ask price on the valuation date and are categorized in Level 1. Shares of mutual funds in which the Funds invest are valued at their respective net asset value (“NAV”) as reported by the underlying funds and are categorized in Level 1.

Debt securities held by the Funds are valued at their evaluated bid by an independent pricing service or at their last broker-quoted bid prices as obtained from one or more of the major market makers for such securities. Independent pricing services use information provided by market makers or estimates of market values through accepted market modeling conventions. Observable inputs to the models may include prepayment speeds, pricing spread, yield, trade information, dealer quotes, market color, cash flow models, the securities’ terms and conditions, among others, and are generally categorized in Level 2. Investments in asset-backed and mortgage-backed securities are valued by independent pricing services using models that consider estimated cash flows of each tranche of the security, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche, and are generally categorized in Level 2. Debt securities with remaining maturities of 60 days or less may be valued at amortized cost, provided such amount approximates market value and are categorized in Level 2. While this method provides consistency in valuation (and may only be used if it approximates market value), it may result in periods during which fair value, as determined by amortized cost, is higher or lower than the price that would be received if the Fund sold the investment.

Securities mainly traded on a non-U.S. exchange or denominated in foreign currencies are generally valued according to the preceding closing values on that exchange, translated to U.S. dollars using currency exchange rates as of the close of regular trading on the NYSE, and are generally categorized in Level 1. However, if an event that may change the value of a security occurs after the time that the closing value on the non-U.S. exchange was determined, but before the close of regular trading on the NYSE, the security may be priced based on fair value and is generally categorized in Level 2. This may cause the value of the security, if held on the books of a Fund, to be different from the closing value on the non-U.S. exchange and may affect the calculation of that Fund’s NAV. The Funds may use fair value pricing under the following circumstances, among others:

• If the value of a security has been materially affected by events occurring before the Funds’ pricing time but after the close of the primary markets on which the security is traded.

• If the exchange on which a portfolio security is principally traded closes early or if trading in a particular portfolio security was halted during the day and did not resume prior to the Funds’ NAV calculation.

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

• If the validity of market quotations is not reliable.

Securities held by the Funds that do not have readily available market quotations, significant observable inputs, or securities for which the available market quotations are not reliable, are priced at their estimated fair value using procedures approved by the Funds’ Board of Trustees and are generally categorized in Level 3.

17

Notes to Portfolios of Investments (Unaudited) (Continued)

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

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

18