# EDGAR Filing Document

**Accession Number:** 0000711080
**File Stem:** 0000711080-25-000094
**Filing Date:** 2025-8
**Character Count:** 187672
**Document Hash:** 1f4a3dce16ceb2f5f53f3529997185ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000711080-25-000094.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0000711080-25-000094

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOUCHSTONE STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0000711080

**ORGANIZATION NAME:**
- **EIN:** 311276717
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03651
- **FILM NUMBER:** 251262969

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203
- **BUSINESS PHONE:** 5133628000

**MAIL ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COUNTRYWIDE STRATEGIC TRUST
- **DATE OF NAME CHANGE:** 19970303

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MIDWEST STRATEGIC TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FINANCIAL INDEPENDENCE TRUST
- **DATE OF NAME CHANGE:** 19900604

## Series and Classes Contracts Data

### Touchstone Dynamic Large Cap Growth Fund (Series ID: S000003125)

| Class ID   | Class Name                                                   | Ticker Symbol   |
|:---|:---|:---|
| C000008467 | Touchstone Dynamic Large Cap Growth Fund Class A             | TGVFX           |
| C000008469 | Touchstone Dynamic Large Cap Growth Fund Class C             | TGVCX           |
| C000074341 | Touchstone Dynamic Large Cap Growth Fund Class Y             | TGVYX           |
| C000074342 | Touchstone Dynamic Large Cap Growth Fund Institutional Class | TGVVX           |
| C000262332 | Touchstone Dynamic Large Cap Growth Fund Class R6            | TGVLX           |

## Nport-Ex

Portfolio of Investments

Touchstone Dynamic Large Cap Growth Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.1%** |  |
|  | &nbsp;&nbsp;**Information Technology — 45.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10302 | &nbsp;&nbsp;Amphenol Corp. - Class A | $1017323 |
| &nbsp;&nbsp;&nbsp;&nbsp;60189 | &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp; 12348977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1884 | &nbsp;&nbsp;AppLovin Corp. - Class A\* | &nbsp;&nbsp; 659551 |
| &nbsp;&nbsp;&nbsp;&nbsp;17814 | &nbsp;&nbsp;Arista Networks, Inc.\* | &nbsp;&nbsp; 1822550 |
| &nbsp;&nbsp;&nbsp;&nbsp;26886 | &nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp; 7411126 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3695 | &nbsp;&nbsp;Cloudflare, Inc. - Class A\* | &nbsp;&nbsp; 723592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383 | &nbsp;&nbsp;Fair Isaac Corp.\* | &nbsp;&nbsp; 700109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 | &nbsp;&nbsp;HubSpot, Inc.\* | &nbsp;&nbsp; 242691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836 | &nbsp;&nbsp;Intuit, Inc. | &nbsp;&nbsp; 658459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;KLA Corp. | &nbsp;&nbsp; 240954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5922 | &nbsp;&nbsp;Lam Research Corp. | &nbsp;&nbsp; 576447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8072 | &nbsp;&nbsp;Lattice Semiconductor Corp.\* | &nbsp;&nbsp; 395447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9614 | &nbsp;&nbsp;Marvell Technology, Inc. | &nbsp;&nbsp; 744124 |
| &nbsp;&nbsp;&nbsp;&nbsp;33868 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 16846282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295 | &nbsp;&nbsp;Monolithic Power Systems, Inc. | &nbsp;&nbsp; 215757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3771 | &nbsp;&nbsp;Nutanix, Inc. - Class A\* | &nbsp;&nbsp; 288255 |
| &nbsp;&nbsp;&nbsp;&nbsp;118168 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp; 18669362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5077 | &nbsp;&nbsp;Palantir Technologies, Inc. - Class A\* | &nbsp;&nbsp; 692097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3256 | &nbsp;&nbsp;Pegasystems, Inc. | &nbsp;&nbsp; 176247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5336 | &nbsp;&nbsp;Rubrik, Inc. - Class A\* | &nbsp;&nbsp; 478052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1916 | &nbsp;&nbsp;ServiceNow, Inc.\* | &nbsp;&nbsp; 1969801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1926 | &nbsp;&nbsp;Snowflake, Inc. - Class A\* | &nbsp;&nbsp; 430981 |
|  |  | &nbsp;&nbsp; 67308184 |
|  | &nbsp;&nbsp;**Communication Services — 16.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;20197 | &nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp; 3582746 |
| &nbsp;&nbsp;&nbsp;&nbsp;25452 | &nbsp;&nbsp;Alphabet, Inc. - Class A | &nbsp;&nbsp; 4485406 |
| &nbsp;&nbsp;&nbsp;&nbsp;12194 | &nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp; 9000269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4413 | &nbsp;&nbsp;Netflix, Inc.\* | &nbsp;&nbsp; 5909581 |
| &nbsp;&nbsp;&nbsp;&nbsp;16542 | &nbsp;&nbsp;Trade Desk, Inc. (The) - Class A\* | &nbsp;&nbsp; 1190858 |
|  |  | &nbsp;&nbsp; 24168860 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 12.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;37138 | &nbsp;&nbsp;Amazon.com, Inc.\* | &nbsp;&nbsp; 8147706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;Booking Holdings, Inc. | &nbsp;&nbsp; 2888831 |
| &nbsp;&nbsp;&nbsp;&nbsp;34711 | &nbsp;&nbsp;Carnival Corp.\* | &nbsp;&nbsp; 976073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1083 | &nbsp;&nbsp;Carvana Co.\* | &nbsp;&nbsp; 364928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1404 | &nbsp;&nbsp;DoorDash, Inc. - Class A\* | &nbsp;&nbsp; 346100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;Duolingo, Inc.\* | &nbsp;&nbsp; 177539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3042 | &nbsp;&nbsp;Expedia Group, Inc. | &nbsp;&nbsp; 513124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4266 | &nbsp;&nbsp;Grand Canyon Education, Inc.\* | &nbsp;&nbsp; 806274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1473 | &nbsp;&nbsp;O'Reilly Automotive, Inc.\* | &nbsp;&nbsp; 132761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326 | &nbsp;&nbsp;Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 728364 |
| &nbsp;&nbsp;&nbsp;&nbsp;10703 | &nbsp;&nbsp;Tesla, Inc.\* | &nbsp;&nbsp; 3399915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;Williams-Sonoma, Inc. | &nbsp;&nbsp; 22055 |
|  |  | &nbsp;&nbsp; 18503670 |
|  | &nbsp;&nbsp;**Health Care — 8.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8797 | &nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp; 1632899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7991 | &nbsp;&nbsp;DexCom, Inc.\* | &nbsp;&nbsp; 697534 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1820 | &nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp; 1418745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1909 | &nbsp;&nbsp;Exact Sciences Corp.\* | &nbsp;&nbsp; 101444 |
| &nbsp;&nbsp;&nbsp;&nbsp;17247 | &nbsp;&nbsp;Exelixis, Inc.\* | &nbsp;&nbsp; 760161 |
| &nbsp;&nbsp;&nbsp;&nbsp;40331 | &nbsp;&nbsp;Halozyme Therapeutics, Inc.\* | &nbsp;&nbsp; 2098019 |
| &nbsp;&nbsp;&nbsp;&nbsp;10200 | &nbsp;&nbsp;Insmed, Inc.\* | &nbsp;&nbsp; 1026528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2764 | &nbsp;&nbsp;Inspire Medical Systems, Inc.\* | &nbsp;&nbsp; 358684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219 | &nbsp;&nbsp;Insulet Corp.\* | &nbsp;&nbsp; 68805 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156 | &nbsp;&nbsp;McKesson Corp. | &nbsp;&nbsp; 114314 |
| &nbsp;&nbsp;&nbsp;&nbsp;13523 | &nbsp;&nbsp;Merck & Co., Inc. | &nbsp;&nbsp; 1070481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6109 | &nbsp;&nbsp;Neurocrine Biosciences, Inc.\* | &nbsp;&nbsp; 767840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928 | &nbsp;&nbsp;Penumbra, Inc.\* | &nbsp;&nbsp; 238153 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.1% (Continued)** |  |
|  | &nbsp;&nbsp;**Health Care — 8.6% (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2960 | &nbsp;&nbsp;ResMed, Inc. | $763680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6099 | &nbsp;&nbsp;Veeva Systems, Inc. - Class A\* | &nbsp;&nbsp; 1756390 |
|  |  | &nbsp;&nbsp; 12873677 |
|  | &nbsp;&nbsp;**Industrials — 7.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4474 | &nbsp;&nbsp;Armstrong World Industries, Inc. | &nbsp;&nbsp; 726757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1259 | &nbsp;&nbsp;BWX Technologies, Inc. | &nbsp;&nbsp; 181372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3727 | &nbsp;&nbsp;Cintas Corp. | &nbsp;&nbsp; 830636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2869 | &nbsp;&nbsp;ExlService Holdings, Inc.\* | &nbsp;&nbsp; 125634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8811 | &nbsp;&nbsp;General Electric Co. | &nbsp;&nbsp; 2267863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2762 | &nbsp;&nbsp;HEICO Corp. - Class A | &nbsp;&nbsp; 714668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2714 | &nbsp;&nbsp;HEICO Corp. | &nbsp;&nbsp; 890192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4683 | &nbsp;&nbsp;Howmet Aerospace, Inc. | &nbsp;&nbsp; 871647 |
| &nbsp;&nbsp;&nbsp;&nbsp;13007 | &nbsp;&nbsp;Leonardo DRS, Inc. | &nbsp;&nbsp; 604565 |
| &nbsp;&nbsp;&nbsp;&nbsp;50036 | &nbsp;&nbsp;Lyft, Inc. - Class A\* | &nbsp;&nbsp; 788567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5791 | &nbsp;&nbsp;Trane Technologies PLC | &nbsp;&nbsp; 2533041 |
|  |  | &nbsp;&nbsp; 10534942 |
|  | &nbsp;&nbsp;**Financials — 6.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;Blackstone, Inc. | &nbsp;&nbsp; 30365 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3983 | &nbsp;&nbsp;Mastercard, Inc. - Class A | &nbsp;&nbsp; 2238207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729 | &nbsp;&nbsp;Moody's Corp. | &nbsp;&nbsp; 365659 |
| &nbsp;&nbsp;&nbsp;&nbsp;93049 | &nbsp;&nbsp;NU Holdings Ltd. (Brazil) - Class A\* | &nbsp;&nbsp; 1276632 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2971 | &nbsp;&nbsp;Primerica, Inc. | &nbsp;&nbsp; 813074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3802 | &nbsp;&nbsp;Tradeweb Markets, Inc. - Class A | &nbsp;&nbsp; 556613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7801 | &nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp; 2769745 |
| &nbsp;&nbsp;&nbsp;&nbsp;43585 | &nbsp;&nbsp;XP, Inc. (Brazil) - Class A | &nbsp;&nbsp; 880417 |
|  |  | &nbsp;&nbsp; 8930712 |
|  | &nbsp;&nbsp;**Consumer Staples — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2953 | &nbsp;&nbsp;Costco Wholesale Corp. | &nbsp;&nbsp; 2923293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1590 | &nbsp;&nbsp;Monster Beverage Corp.\* | &nbsp;&nbsp; 99598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6260 | &nbsp;&nbsp;Sprouts Farmers Market, Inc.\* | &nbsp;&nbsp; 1030646 |
|  |  | &nbsp;&nbsp; 4053537 |
|  | &nbsp;&nbsp;**Materials — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;16451 | &nbsp;&nbsp;Anglogold Ashanti PLC (United Kingdom) | &nbsp;&nbsp; 749672 |
|  | &nbsp;&nbsp;**Real Estate — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3202 | &nbsp;&nbsp;American Tower Corp. REIT | &nbsp;&nbsp; 707706 |
|  | &nbsp;&nbsp;**Energy — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1399 | &nbsp;&nbsp;Targa Resources Corp. | &nbsp;&nbsp; 243538 |
|  | &nbsp;&nbsp;**Utilities — 0.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1046 | &nbsp;&nbsp;Vistra Corp. | &nbsp;&nbsp; 202725 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $148277223 |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 1.0%** |  |
| 1457005 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 1457005 |
|  | &nbsp;&nbsp;**Total Investment Securities—100.1%<br> (Cost $87,180,801)** | $149734228 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (0.1%)** | &nbsp;&nbsp;&nbsp; (100516) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $149633712 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of June 30, 2025.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *PLC – Public Limited Company* |
| *REIT – Real Estate Investment Trust* |

---

------

Touchstone Dynamic Large Cap Growth 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:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Common Stocks* | *$148277223* | *$—* | *$—* | *$148277223* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1457005* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1457005* |
| *Total* | *$149734228* | *$—* | *$—* | *$149734228* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Flexible Income Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 29.9%** |  |
|  | &nbsp;&nbsp;**Financials — 12.8%** |  |
| $9919000 | &nbsp;&nbsp;Ally Financial, Inc., 6.646%, 1/17/40 | $9752830 |
| &nbsp;&nbsp; 15503000 | &nbsp;&nbsp;Ally Financial, Inc., Ser C, 4.700%<sup>(A)</sup> | &nbsp;&nbsp; 13903835 |
| &nbsp;&nbsp; 6837000 | &nbsp;&nbsp;Arch Capital Group Ltd., 3.635%, 6/30/50 | &nbsp;&nbsp; 4988590 |
| &nbsp;&nbsp; 12114000 | &nbsp;&nbsp;Athene Holding Ltd., 3.950%, 5/25/51 | &nbsp;&nbsp; 8565383 |
| &nbsp;&nbsp; 24232000 | &nbsp;&nbsp;Bank of America Corp., 1.197%, 10/24/26 | &nbsp;&nbsp; 23978852 |
| &nbsp;&nbsp; 13115000 | &nbsp;&nbsp;Bank of America Corp., 1.734%, 7/22/27 | &nbsp;&nbsp; 12746497 |
| &nbsp;&nbsp; 31971000 | &nbsp;&nbsp;Bank of America Corp., 5.080%, 1/20/27 | &nbsp;&nbsp; 32063739 |
| &nbsp;&nbsp; 4794000 | &nbsp;&nbsp;Bank of America Corp., Ser DD, 6.300%<sup>(A)</sup> | &nbsp;&nbsp; 4833884 |
| &nbsp;&nbsp; 4462000 | &nbsp;&nbsp;Bank of New York Mellon Corp. (The), Ser G, 4.700%<sup>(A)</sup> | &nbsp;&nbsp; 4449680 |
| &nbsp;&nbsp; 4303000 | &nbsp;&nbsp;Barclays PLC (United Kingdom), 3.330%, 11/24/42 | &nbsp;&nbsp; 3197270 |
| &nbsp;&nbsp; 8735000 | &nbsp;&nbsp;Citigroup, Inc., 1.462%, 6/9/27 | &nbsp;&nbsp; 8486590 |
| &nbsp;&nbsp; 5077000 | &nbsp;&nbsp;Citigroup, Inc., Ser DD, 7.000%<sup>(A)</sup> | &nbsp;&nbsp; 5330830 |
| &nbsp;&nbsp; 6866000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 3.210%, 4/22/42 | &nbsp;&nbsp; 5141194 |
| &nbsp;&nbsp; 11000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 3.500%, 11/16/26 | &nbsp;&nbsp; 10875 |
| &nbsp;&nbsp; 3526000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), Ser Q, 7.379%<sup>(A)</sup> | &nbsp;&nbsp; 3539688 |
| &nbsp;&nbsp; 13799000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), Ser VAR, 1.093%, 12/9/26 | &nbsp;&nbsp; 13584538 |
| &nbsp;&nbsp; 25000000 | &nbsp;&nbsp;JPMorgan Chase & Co., 1.578%, 4/22/27 | &nbsp;&nbsp; 24418475 |
| &nbsp;&nbsp; 13112000 | &nbsp;&nbsp;Lincoln National Corp., Ser C, 9.250%<sup>(A)</sup> | &nbsp;&nbsp; 14290231 |
| &nbsp;&nbsp; 10774000 | &nbsp;&nbsp;Morgan Stanley, 2.484%, 9/16/36 | &nbsp;&nbsp; 9152209 |
| &nbsp;&nbsp; 10278000 | &nbsp;&nbsp;Nasdaq, Inc., 3.250%, 4/28/50 | &nbsp;&nbsp; 6927544 |
| &nbsp;&nbsp; 1963000 | &nbsp;&nbsp;UBS Group AG (Switzerland), 144a, 9.250%<sup>(A)</sup> | &nbsp;&nbsp; 2142615 |
| &nbsp;&nbsp; 8246000 | &nbsp;&nbsp;Wells Fargo & Co., 3.000%, 10/23/26 | &nbsp;&nbsp; 8104247 |
|  |  | &nbsp;&nbsp; 219609596 |
|  | &nbsp;&nbsp;**Utilities — 6.9%** |  |
| &nbsp;&nbsp; 7233000 | &nbsp;&nbsp;American Electric Power Co., Inc., 3.250%, 3/1/50 | &nbsp;&nbsp; 4727560 |
| &nbsp;&nbsp; 6106000 | &nbsp;&nbsp;Berkshire Hathaway Energy Co., 2.850%, 5/15/51 | &nbsp;&nbsp; 3744389 |
| &nbsp;&nbsp; 14614000 | &nbsp;&nbsp;Dominion Energy, Inc., Ser A, 6.875%, 2/1/55 | &nbsp;&nbsp; 15380346 |
| &nbsp;&nbsp; 6838000 | &nbsp;&nbsp;Dominion Energy, Inc., Ser B, 7.000%, 6/1/54 | &nbsp;&nbsp; 7333078 |
| &nbsp;&nbsp; 12336000 | &nbsp;&nbsp;Duke Energy Corp., 3.300%, 6/15/41 | &nbsp;&nbsp; 9255350 |
| &nbsp;&nbsp; 5914000 | &nbsp;&nbsp;Edison International, Ser A, 5.375%<sup>(A)</sup> | &nbsp;&nbsp; 5568159 |
| &nbsp;&nbsp; 11291000 | &nbsp;&nbsp;NextEra Energy Capital Holdings, Inc., 6.375%, 8/15/55 | &nbsp;&nbsp; 11508154 |
| &nbsp;&nbsp; 9807000 | &nbsp;&nbsp;NextEra Energy Capital Holdings, Inc., 6.500%, 8/15/55 | &nbsp;&nbsp; 10024720 |
| &nbsp;&nbsp; 11011000 | &nbsp;&nbsp;Pacific Gas and Electric Co., 3.500%, 8/1/50 | &nbsp;&nbsp; 7071231 |
| &nbsp;&nbsp; 25659000 | &nbsp;&nbsp;Sempra Energy, 4.875%<sup>(A)</sup> | &nbsp;&nbsp; 25537746 |
| &nbsp;&nbsp; 18138000 | &nbsp;&nbsp;Southern Co. (The), Ser 2025, 6.375%, 3/15/55 | &nbsp;&nbsp; 18659782 |
|  |  | &nbsp;&nbsp; 118810515 |
|  | &nbsp;&nbsp;**Energy — 3.9%** |  |
| &nbsp;&nbsp; 6382000 | &nbsp;&nbsp;BP Capital Markets America, Inc., 3.001%, 3/17/52 | &nbsp;&nbsp; 4033061 |
| &nbsp;&nbsp; 32787000 | &nbsp;&nbsp;BP Capital Markets PLC (United Kingdom), 4.875%<sup>(A)</sup> | &nbsp;&nbsp; 32398625 |
| &nbsp;&nbsp; 3553000 | &nbsp;&nbsp;Enbridge, Inc. (Canada), 8.500%, 1/15/84 | &nbsp;&nbsp; 3956443 |
| &nbsp;&nbsp; 4593000 | &nbsp;&nbsp;Energy Transfer LP, Ser G, 7.125%<sup>(A)</sup> | &nbsp;&nbsp; 4678264 |
| &nbsp;&nbsp; 8657000 | &nbsp;&nbsp;Kinder Morgan, Inc., 3.250%, 8/1/50 | &nbsp;&nbsp; 5606724 |
| &nbsp;&nbsp; 3181000 | &nbsp;&nbsp;Occidental Petroleum Corp., 4.100%, 2/15/47 | &nbsp;&nbsp; 2143756 |
| &nbsp;&nbsp; 2292000 | &nbsp;&nbsp;Occidental Petroleum Corp., 4.500%, 7/15/44 | &nbsp;&nbsp; 1662158 |
| &nbsp;&nbsp; 7433000 | &nbsp;&nbsp;Valero Energy Corp., 3.650%, 12/1/51 | &nbsp;&nbsp; 5004752 |
| &nbsp;&nbsp; 10810000 | &nbsp;&nbsp;Williams Cos., Inc. (The), 3.500%, 10/15/51 | &nbsp;&nbsp; 7420548 |
|  |  | &nbsp;&nbsp; 66904331 |
|  | &nbsp;&nbsp;**Real Estate — 1.9%** |  |
| &nbsp;&nbsp; 7062000 | &nbsp;&nbsp;American Tower Corp. REIT, 2.950%, 1/15/51 | &nbsp;&nbsp; 4477474 |
| &nbsp;&nbsp; 20264000 | &nbsp;&nbsp;Rithm Capital Corp. REIT, 144a, 8.000%, 4/1/29 | &nbsp;&nbsp; 20470389 |
| &nbsp;&nbsp; 10913000 | &nbsp;&nbsp;Simon Property Group LP REIT, 3.250%, 9/13/49 | &nbsp;&nbsp; 7315602 |
|  |  | &nbsp;&nbsp; 32263465 |
|  | &nbsp;&nbsp;**Information Technology — 1.4%** |  |
| &nbsp;&nbsp; 11880000 | &nbsp;&nbsp;Micron Technology, Inc., 3.477%, 11/1/51 | &nbsp;&nbsp; 8119050 |

---

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
| $10457000 | $8368241 |
| &nbsp;&nbsp; 10379000 | &nbsp;&nbsp; 7156430 |
|  | &nbsp;&nbsp; 23643721 |
| &nbsp;&nbsp; 6113000 | &nbsp;&nbsp; 3966100 |
| &nbsp;&nbsp; 9991000 | &nbsp;&nbsp; 7245411 |
| &nbsp;&nbsp; 11884000 | &nbsp;&nbsp; 7416739 |
|  | &nbsp;&nbsp; 18628250 |
| &nbsp;&nbsp; 12298000 | &nbsp;&nbsp; 8237490 |
| &nbsp;&nbsp; 12236000 | &nbsp;&nbsp; 7719524 |
| &nbsp;&nbsp; 10940000 | &nbsp;&nbsp; 7025494 |
| &nbsp;&nbsp; 541000 | &nbsp;&nbsp; 370646 |
| &nbsp;&nbsp; 8825000 | &nbsp;&nbsp; 6152097 |
|  | &nbsp;&nbsp; 6522743 |
| &nbsp;&nbsp; 4876000 | &nbsp;&nbsp; 3107712 |
|  | &nbsp;&nbsp; $512472841 |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%** |
| &nbsp;&nbsp; 180220 &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2013-1, Class A1, 144a, 3.500%, 7/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 167632 |
| &nbsp;&nbsp; 1741607 &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2015-2, Class B2, 144a, 3.618%, 3/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 1614393 |
| &nbsp;&nbsp; 591578 &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2015-5, Class A3, 144a, 3.500%, 7/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 548942 |
| &nbsp;&nbsp; 596795 &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2015-7, Class A3, 144a, 3.500%, 10/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 548898 |
| &nbsp;&nbsp; 614365 &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2016-3, Class A3, 144a, 3.500%, 8/25/46<sup>(B)(C)</sup> | &nbsp;&nbsp; 561217 |
| &nbsp;&nbsp; 45174 &nbsp;&nbsp;Bear Stearns Asset Backed Securities Trust, Ser 2003-AC7, Class A2, 5.750%, 1/25/34<sup>(B)(C)</sup> | &nbsp;&nbsp; 37607 |
| &nbsp;&nbsp; 1998041 &nbsp;&nbsp;Chase Home Lending Mortgage Trust, Ser 2019-ATR1, Class B3, 144a, 4.396%, 4/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 1858141 |
| &nbsp;&nbsp; 14662316 &nbsp;&nbsp;Chase Mortgage Finance Corp., Ser 2021-CL1, Class M1, 144a, (SOFR30A + 1.200%), 5.505%, 2/25/50<sup>(B)</sup> | &nbsp;&nbsp; 14396664 |
| &nbsp;&nbsp; 1983576 &nbsp;&nbsp;Chase Mortgage Finance Corp., Ser 2021-CL1, Class M2, 144a, (SOFR30A + 1.350%), 5.655%, 2/25/50<sup>(B)</sup> | &nbsp;&nbsp; 1929907 |
| &nbsp;&nbsp; 587856 &nbsp;&nbsp;CIM Trust, Ser 2018-INV1, Class A4, 144a, 4.000%, 8/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 551463 |
| &nbsp;&nbsp; 592515 &nbsp;&nbsp;CIM Trust, Ser 2019-INV2, Class A15, 144a, 4.000%, 5/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 558897 |
| &nbsp;&nbsp; 8047528 &nbsp;&nbsp;CIM Trust, Ser 2020-J1, Class A2, 144a, 2.500%, 10/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 6696217 |
| &nbsp;&nbsp; 16000000 &nbsp;&nbsp;Connecticut Avenue Securities Trust, Ser 2020-SBT1, Class 2B1, 144a, (SOFR30A + 6.714%), 11.020%, 2/25/40<sup>(B)</sup> | &nbsp;&nbsp; 16988521 |
| &nbsp;&nbsp; 4614995 &nbsp;&nbsp;Connecticut Avenue Securities Trust, Ser 2022-R01, Class 1M1, 144a, (SOFR30A + 1.000%), 5.305%, 12/25/41<sup>(B)</sup> | &nbsp;&nbsp; 4612133 |
| &nbsp;&nbsp; 747519 &nbsp;&nbsp;CSMC Trust, Ser 2013-6, Class 2A1, 144a, 3.500%, 8/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 691038 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%<br> (Continued)** |
| $368605 &nbsp;&nbsp;CSMC Trust, Ser 2013-7, Class A6, 144a, 3.500%, 8/25/43<sup>(B)(C)</sup> | $340884 |
| &nbsp;&nbsp; 1707428 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR1, Class A1, 144a, 2.500%, 3/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1516362 |
| &nbsp;&nbsp; 2235178 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR1, Class A2, 144a, 3.000%, 3/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2034176 |
| &nbsp;&nbsp; 1177066 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR2, Class A1, 144a, 2.500%, 4/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1032062 |
| &nbsp;&nbsp; 2174262 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR3, Class A1, 144a, 2.500%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1922340 |
| &nbsp;&nbsp; 2849400 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR3, Class A2, 144a, 3.000%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2583724 |
| &nbsp;&nbsp; 4913454 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR4, Class A11, 144a, 3.493%, 7/27/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 4570163 |
| &nbsp;&nbsp; 478079 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR4, Class A12, 144a, 3.493%, 7/27/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 444677 |
| &nbsp;&nbsp; 275153 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR4, Class A2, 144a, 3.000%, 7/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 249862 |
| &nbsp;&nbsp; 4532776 &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR5, Class A3, 144a, 3.500%, 10/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 4218292 |
| &nbsp;&nbsp; 1745596 &nbsp;&nbsp;CSMC Trust, Ser 2013-TH1, Class A1, 144a, 2.130%, 2/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1528914 |
| &nbsp;&nbsp; 1083800 &nbsp;&nbsp;CSMC Trust, Ser 2014-IVR3, Class B4, 144a, 3.991%, 7/25/44<sup>(B)(C)</sup> | &nbsp;&nbsp; 966063 |
| &nbsp;&nbsp; 1656047 &nbsp;&nbsp;CSMC Trust, Ser 2017-HL2, Class A1, 144a, 3.500%, 10/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1497155 |
| &nbsp;&nbsp; 3079468 &nbsp;&nbsp;CSMC Trust, Ser 2018-J1, Class A2, 144a, 3.500%, 2/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 2758433 |
| &nbsp;&nbsp; 579392 &nbsp;&nbsp;CSMLT Trust, Ser 2015-2, Class A7, 144a, 3.500%, 8/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 535874 |
| &nbsp;&nbsp; 1947850 &nbsp;&nbsp;EverBank Mortgage Loan Trust, Ser 2013-1, Class B4, 144a, 3.516%, 3/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1577079 |
| &nbsp;&nbsp; 5699307 &nbsp;&nbsp;Fannie Mae Connecticut Avenue Securities, Ser 2016-C02, Class 1B, (SOFR30A + 12.364%), 16.670%, 9/25/28<sup>(B)</sup> | &nbsp;&nbsp; 6105374 |
| &nbsp;&nbsp; 4730001 &nbsp;&nbsp;Fannie Mae Connecticut Avenue Securities, Ser 2016-C04, Class 1B, (SOFR30A + 10.364%), 14.670%, 1/25/29<sup>(B)</sup> | &nbsp;&nbsp; 5117502 |
| &nbsp;&nbsp; 6575093 &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2018-1, Class A13, 144a, 3.500%, 3/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 5966912 |
| &nbsp;&nbsp; 8519745 &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2018-2, Class A14, 144a, 3.500%, 4/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 7646849 |
| &nbsp;&nbsp; 6236050 &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2018-3INV, Class A9, 144a, 4.000%, 5/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 5785764 |
| &nbsp;&nbsp; 819940 &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2018-4, Class B2, 144a, 4.134%, 7/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 754597 |
| &nbsp;&nbsp; 1414117 &nbsp;&nbsp;Freddie Mac Seasoned Credit Risk Transfer Trust, Ser 2017-4, Class M, 144a, 4.750%, 6/25/57<sup>(B)(C)</sup> | &nbsp;&nbsp; 1393170 |
| &nbsp;&nbsp; 705314 &nbsp;&nbsp;Freddie Mac Seasoned Credit Risk Transfer Trust Series, Ser 2017-2, Class M1, 144a, 4.000%, 8/25/56<sup>(B)(C)</sup> | &nbsp;&nbsp; 701611 |
| &nbsp;&nbsp; 16250000 &nbsp;&nbsp;Freddie Mac Seasoned Credit Risk Transfer Trust Series, Ser 2017-2, Class M2, 144a, 4.000%, 8/25/56<sup>(B)(C)</sup> | &nbsp;&nbsp; 15487903 |
| &nbsp;&nbsp; 6104241 &nbsp;&nbsp;Freddie Mac Seasoned Credit Risk Transfer Trust Series, Ser 2018-1, Class M, 4.750%, 5/25/57<sup>(B)(C)</sup> | &nbsp;&nbsp; 5960489 |
| &nbsp;&nbsp; 3047140 &nbsp;&nbsp;Freddie Mac STACR Debt Notes, Ser 2015-DNA3, Class B, (SOFR30A + 9.464%), 13.770%, 4/25/28<sup>(B)</sup> | &nbsp;&nbsp; 3112608 |
| &nbsp;&nbsp; 882611 &nbsp;&nbsp;Freddie Mac STACR Debt Notes, Ser 2017-HQA3, Class M2B, (SOFR30A + 2.464%), 6.770%, 4/25/30<sup>(B)</sup> | &nbsp;&nbsp; 898153 |

---

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%<br> (Continued)** |
| $3740460 &nbsp;&nbsp;Freddie Mac STACR REMIC Trust, Ser 2021-DNA7, Class M1, 144a, (SOFR30A + 0.850%), 5.155%, 11/25/41<sup>(B)</sup> | $3731109 |
| &nbsp;&nbsp; 1552815 &nbsp;&nbsp;Freddie Mac STACR REMIC Trust, Ser 2022-DNA2, Class M1A, 144a, (SOFR30A + 1.300%), 5.605%, 2/25/42<sup>(B)</sup> | &nbsp;&nbsp; 1553793 |
| &nbsp;&nbsp; 2546431 &nbsp;&nbsp;Galton Funding Mortgage Trust, Ser 2017-1, Class B2, 144a, 3.950%, 7/25/56<sup>(B)(C)</sup> | &nbsp;&nbsp; 2404542 |
| &nbsp;&nbsp; 2547169 &nbsp;&nbsp;GS Mortgage-Backed Securities Corp. Trust, Ser 2020-PJ2, Class A1, 144a, 3.500%, 7/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 2255736 |
| &nbsp;&nbsp; 1613412 &nbsp;&nbsp;GS Mortgage-Backed Securities Corp. Trust, Ser 2020-PJ4, Class A2, 144a, 3.000%, 1/25/51<sup>(B)(C)</sup> | &nbsp;&nbsp; 1394700 |
| &nbsp;&nbsp; 6004113 &nbsp;&nbsp;GS Mortgage-Backed Securities Corp. Trust, Ser 2020-PJ5, Class A2, 144a, 3.000%, 3/27/51<sup>(B)(C)</sup> | &nbsp;&nbsp; 5174923 |
| &nbsp;&nbsp; 139107 &nbsp;&nbsp;GS Mortgage-Backed Securities Trust, Ser 2014-EB1A, Class 2A4, 144a, 6.145%, 7/25/44<sup>(B)(C)</sup> | &nbsp;&nbsp; 138054 |
| &nbsp;&nbsp; 1153196 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2013-3, Class A3, 144a, 3.389%, 7/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1082962 |
| &nbsp;&nbsp; 2981500 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2014-IVR6, Class B4, 144a, 5.812%, 7/25/44<sup>(B)(C)</sup> | &nbsp;&nbsp; 3020876 |
| &nbsp;&nbsp; 1643187 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2016-1, Class A13, 144a, 3.500%, 5/25/46<sup>(B)(C)</sup> | &nbsp;&nbsp; 1500206 |
| &nbsp;&nbsp; 323531 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2017-2, Class A3, 144a, 3.500%, 5/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 294064 |
| &nbsp;&nbsp; 1104691 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2017-3, Class 1A13, 144a, 3.500%, 8/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 992920 |
| &nbsp;&nbsp; 2106766 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2017-3, Class 1A3, 144a, 3.500%, 8/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1882050 |
| &nbsp;&nbsp; 2416333 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-3, Class A1, 144a, 3.500%, 9/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 2181573 |
| &nbsp;&nbsp; 1961729 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-5, Class A13, 144a, 3.500%, 10/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 1771502 |
| &nbsp;&nbsp; 861612 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-5, Class A4, 144a, 3.000%, 10/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 766008 |
| &nbsp;&nbsp; 3519814 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-5, Class B4, 144a, 3.693%, 10/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 3179015 |
| &nbsp;&nbsp; 2331870 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-6, Class 1A7, 144a, 3.500%, 12/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 2105975 |
| &nbsp;&nbsp; 4674345 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2019-7, Class B2A, 144a, 2.953%, 2/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 4059445 |
| &nbsp;&nbsp; 557039 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2019-INV2, Class A15, 144a, 3.500%, 2/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 508795 |
| &nbsp;&nbsp; 646401 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2019-INV2, Class B2A, 144a, 3.460%, 2/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 572726 |
| &nbsp;&nbsp; 1822159 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-1, Class A15, 144a, 3.500%, 6/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 1639671 |
| &nbsp;&nbsp; 262556 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-1, Class A5A, 144a, 3.000%, 6/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 228887 |
| &nbsp;&nbsp; 302548 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-2, Class A5A, 144a, 3.000%, 7/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 257489 |
| &nbsp;&nbsp; 803196 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-7, Class A15, 144a, 3.000%, 1/25/51<sup>(B)(C)</sup> | &nbsp;&nbsp; 694701 |
| &nbsp;&nbsp; 13638312 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-7, Class A3, 144a, 3.000%, 1/25/51<sup>(B)(C)</sup> | &nbsp;&nbsp; 11759207 |
| &nbsp;&nbsp; 977426 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-LTV2, Class B1, 144a, 4.002%, 11/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 886556 |
| &nbsp;&nbsp; 1361318 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-LTV2, Class B3, 144a, 4.002%, 11/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 1203751 |
| &nbsp;&nbsp; 283540 &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2022-3, Class A12, 144a, 3.000%, 8/25/52<sup>(B)(C)</sup> | &nbsp;&nbsp; 271755 |
| &nbsp;&nbsp; 1250437 &nbsp;&nbsp;JPMorgan Chase Bank NA - JPMWM, Ser 2021-CL1, Class M1, 144a, (SOFR30A + 1.300%), 5.605%, 3/25/51<sup>(B)</sup> | &nbsp;&nbsp; 1226747 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%<br> (Continued)** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%<br> (Continued)** |
| $6638508 | &nbsp;&nbsp;JPMorgan Chase Bank NA - JPMWM, Ser 2021-CL1, Class M2, 144a, (SOFR30A + 1.550%), 5.855%, 3/25/51<sup>(B)</sup> | $6514033 |
| &nbsp;&nbsp; 3114763 | &nbsp;&nbsp;JPMorgan Chase Bank NA - JPMWM, Ser 2021-CL1, Class M3, 144a, (SOFR30A + 1.800%), 6.105%, 3/25/51<sup>(B)</sup> | &nbsp;&nbsp; 3075507 |
| &nbsp;&nbsp; 3129 | &nbsp;&nbsp;Merrill Lynch Mortgage Investors Trust, Ser 2003-A1, Class 2A, (TSFR12M + 2.340%), 6.434%, 12/25/32<sup>(B)</sup> | &nbsp;&nbsp; 3136 |
| &nbsp;&nbsp; 48123 | &nbsp;&nbsp;Morgan Stanley Mortgage Loan Trust, Ser 2004-7AR, Class 2A6, 5.698%, 9/25/34<sup>(B)(C)</sup> | &nbsp;&nbsp; 47611 |
| &nbsp;&nbsp; 1200827 | &nbsp;&nbsp;New Residential Mortgage Loan Trust, Ser 2015-1A, Class B3, 144a, 5.197%, 5/28/52<sup>(B)(C)</sup> | &nbsp;&nbsp; 1190830 |
| &nbsp;&nbsp; 3115381 | &nbsp;&nbsp;NRP Mortgage Trust, Ser 2013-1, Class A1, 144a, 3.250%, 7/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2822930 |
| &nbsp;&nbsp; 1305353 | &nbsp;&nbsp;OBX Trust, Ser 2018-EXP1, Class B1A, 144a, 5.807%, 4/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 1334909 |
| &nbsp;&nbsp; 1839518 | &nbsp;&nbsp;PMT Loan Trust, Ser 2013-J1, Class A1, 144a, 3.500%, 9/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1710042 |
| &nbsp;&nbsp; 1103711 | &nbsp;&nbsp;PMT Loan Trust, Ser 2013-J1, Class A8, 144a, 3.000%, 9/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1000484 |
| &nbsp;&nbsp; 4874046 | &nbsp;&nbsp;Provident Funding Mortgage Trust, Ser 2019-1, Class B1, 144a, 3.174%, 12/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 4179811 |
| &nbsp;&nbsp; 9707 | &nbsp;&nbsp;RALI Series Trust, Ser 2004-QS6, Class A1, 5.000%, 5/25/19 | &nbsp;&nbsp; 8478 |
| &nbsp;&nbsp; 14873411 | &nbsp;&nbsp;Redwood Funding Trust, Ser 2024-1, Class A, 144a, 7.745%, 12/25/54<sup>(B)(C)</sup> | &nbsp;&nbsp; 14973310 |
| &nbsp;&nbsp; 963694 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2004-3, Class M1, (TSFR1M + 0.864%), 5.182%, 5/20/34<sup>(B)</sup> | &nbsp;&nbsp; 997635 |
| &nbsp;&nbsp; 1479319 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-10, Class A1, 144a, 3.500%, 8/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1372807 |
| &nbsp;&nbsp; 2509781 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-11, Class A1, 144a, 3.500%, 9/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2357885 |
| &nbsp;&nbsp; 1621568 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-2, Class A, 1.874%, 2/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1392994 |
| &nbsp;&nbsp; 2447584 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-3, Class A2, 2.500%, 3/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2130594 |
| &nbsp;&nbsp; 2919420 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-4, Class A1, 2.325%, 4/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2532119 |
| &nbsp;&nbsp; 1770010 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-5, Class A1, 144a, 2.500%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1543765 |
| &nbsp;&nbsp; 4003383 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-5, Class A2, 144a, 3.000%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 3586745 |
| &nbsp;&nbsp; 2931791 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-6, Class A1, 2.500%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2566863 |
| &nbsp;&nbsp; 4129213 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-6, Class A2, 3.000%, 5/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 3711195 |
| &nbsp;&nbsp; 1580288 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-7, Class A1, 2.500%, 6/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1376248 |
| &nbsp;&nbsp; 3440165 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-7, Class A2, 3.000%, 6/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 3085839 |
| &nbsp;&nbsp; 1567603 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-8, Class A1, 3.000%, 6/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 1414809 |
| &nbsp;&nbsp; 2313840 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-9, Class A1, 144a, 3.500%, 7/25/43<sup>(B)(C)</sup> | &nbsp;&nbsp; 2116423 |
| &nbsp;&nbsp; 2380755 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2015-2, Class A1, 144a, 3.500%, 5/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 2191427 |
| &nbsp;&nbsp; 599431 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2015-2, Class A13, 144a, 3.500%, 5/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 551761 |
| &nbsp;&nbsp; 1897751 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2015-2, Class B2, 144a, 3.754%, 5/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 1822293 |
| &nbsp;&nbsp; 1176420 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2015-3, Class B1, 144a, 3.726%, 7/25/45<sup>(B)(C)</sup> | &nbsp;&nbsp; 1151100 |

---

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 19.0%<br> (Continued)** |
| $1404731 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2016-1, Class B1, 144a, 3.772%, 6/25/46<sup>(B)(C)</sup> | $1359002 |
| &nbsp;&nbsp; 4705474 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-1, Class A1, 144a, 3.500%, 2/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 4277624 |
| &nbsp;&nbsp; 963928 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-3, Class A1, 144a, 3.500%, 4/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 874960 |
| &nbsp;&nbsp; 1364523 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-5, Class A1, 144a, 3.500%, 8/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1232819 |
| &nbsp;&nbsp; 1468600 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-5, Class B2, 144a, 3.786%, 8/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1378726 |
| &nbsp;&nbsp; 1466298 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-6, Class B2, 144a, 3.720%, 9/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1380089 |
| &nbsp;&nbsp; 1491218 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2017-7, Class B2, 144a, 3.724%, 10/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 1397747 |
| &nbsp;&nbsp; 3471344 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2018-2, Class B1, 144a, 3.742%, 2/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 3249135 |
| &nbsp;&nbsp; 2426381 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2018-2, Class B2, 144a, 3.742%, 2/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 2257618 |
| &nbsp;&nbsp; 1392290 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2018-5, Class A7, 144a, 3.500%, 5/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 1267039 |
| &nbsp;&nbsp; 2249000 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2018-6, Class B4, 144a, 4.166%, 7/25/48<sup>(B)(C)</sup> | &nbsp;&nbsp; 1721612 |
| &nbsp;&nbsp; 1165071 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2019-CH3, Class A13, 144a, 4.000%, 9/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 1097602 |
| &nbsp;&nbsp; 6408521 &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2020-1, Class A7, 144a, 3.500%, 2/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 5832759 |
| &nbsp;&nbsp; 416665 &nbsp;&nbsp;Wells Fargo Mortgage Backed Securities, Ser 2018-1, Class A1, 144a, 3.500%, 7/25/47<sup>(B)(C)</sup> | &nbsp;&nbsp; 382290 |
| &nbsp;&nbsp; 415145 &nbsp;&nbsp;Wells Fargo Mortgage Backed Securities Trust, Ser 2020-1, Class A5, 144a, 3.000%, 12/25/49<sup>(B)(C)</sup> | &nbsp;&nbsp; 359929 |
| &nbsp;&nbsp; 6897898 &nbsp;&nbsp;Wells Fargo Mortgage Backed Securities Trust, Ser 2020-3, Class A1, 144a, 3.000%, 6/25/50<sup>(B)(C)</sup> | &nbsp;&nbsp; 5894467 |
| &nbsp;&nbsp; 11079172 &nbsp;&nbsp;Western Alliance Bank, Ser 2021-CL2, Class M1, 144a, (SOFR30A + 3.150%), 7.455%, 7/25/59<sup>(B)</sup> | &nbsp;&nbsp; 11457794 |
| &nbsp;&nbsp; 9029088 &nbsp;&nbsp;Western Alliance Bank, Ser 2021-CL2, Class M3, 144a, (Secured Overnight Financing Rate 30 Day Average + 4.100%), 8.405%, 7/25/59<sup>(B)</sup> | &nbsp;&nbsp; 9251178 |
| &nbsp;&nbsp; 574964 &nbsp;&nbsp;WinWater Mortgage Loan Trust, Ser 2014-1, Class A9, 144a, 3.500%, 6/20/44<sup>(B)(C)</sup> | &nbsp;&nbsp; 546318 |
|  | &nbsp;&nbsp; $325190691 |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%** |
| &nbsp;&nbsp; 4964000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K095, Class XAM, 1.376%, 6/25/29<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 223279 |
| &nbsp;&nbsp; 55912274 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K109, Class X1, 1.688%, 4/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3402267 |
| &nbsp;&nbsp; 35352864 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X1, 1.758%, 4/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2207843 |
| &nbsp;&nbsp; 7005157 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class X3, 3.491%, 6/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 950579 |
| &nbsp;&nbsp; 28800000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K110, Class XAM, 1.955%, 4/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2200300 |
| &nbsp;&nbsp; 35022674 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X1, 1.676%, 5/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2189649 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%<br> (Continued)** |
| $19436545 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class X3, 3.287%, 4/25/48<sup>(B)(C)(D)</sup> | $2566454 |
| &nbsp;&nbsp; 35663000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K111, Class XAM, 1.907%, 5/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2740063 |
| &nbsp;&nbsp;114089492 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X1, 1.534%, 5/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 6530117 |
| &nbsp;&nbsp; 15300000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class X3, 3.108%, 7/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1925185 |
| &nbsp;&nbsp; 10630000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K112, Class XAM, 1.769%, 5/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 762511 |
| &nbsp;&nbsp; 10743000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K113, Class XAM, 1.685%, 6/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 736873 |
| &nbsp;&nbsp; 19500000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K114, Class X3, 2.830%, 8/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2166961 |
| &nbsp;&nbsp; 21702896 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K115, Class X3, 3.057%, 9/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2655595 |
| &nbsp;&nbsp; 26000000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K116, Class X3, 3.123%, 9/25/47<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3285404 |
| &nbsp;&nbsp; 39700000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K117, Class XAM, 1.529%, 9/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2562583 |
| &nbsp;&nbsp; 24368853 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K118, Class X3, 2.785%, 10/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2776017 |
| &nbsp;&nbsp; 4900000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K119, Class X3, 2.822%, 9/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 595708 |
| &nbsp;&nbsp; 11576808 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K120, Class X3, 2.835%, 11/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1367454 |
| &nbsp;&nbsp;147755285 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K121, Class X1, 1.113%, 10/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 6271724 |
| &nbsp;&nbsp; 16073000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K121, Class X3, 2.868%, 11/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1978747 |
| &nbsp;&nbsp; 9700000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K122, Class X3, 2.721%, 1/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1112996 |
| &nbsp;&nbsp; 7569056 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K123, Class X3, 2.717%, 2/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 878358 |
| &nbsp;&nbsp; 9255000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K124, Class X3, 2.710%, 2/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1091234 |
| &nbsp;&nbsp; 16150000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K125, Class X3, 2.743%, 2/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1969412 |
| &nbsp;&nbsp; 38058448 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K127, Class X3, 2.742%, 3/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4585697 |
| &nbsp;&nbsp; 18230000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K128, Class X3, 2.877%, 4/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2327973 |

---

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%<br> (Continued)** |
| $10595456 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class X3, 3.203%, 8/25/48<sup>(B)(C)(D)</sup> | $1593611 |
| &nbsp;&nbsp; 41864611 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K130, Class XAM, 1.321%, 7/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2650495 |
| &nbsp;&nbsp; 10451281 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K131, Class X3, 3.048%, 9/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1496864 |
| &nbsp;&nbsp; 29501666 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K132, Class X3, 2.987%, 8/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4187166 |
| &nbsp;&nbsp; 9413138 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K134, Class X3, 2.752%, 10/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1254795 |
| &nbsp;&nbsp;217847764 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class X1, 0.492%, 12/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3953153 |
| &nbsp;&nbsp; 21000000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class X3, 2.922%, 12/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3008208 |
| &nbsp;&nbsp; 96839687 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K136, Class XAM, 0.664%, 12/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2939975 |
| &nbsp;&nbsp; 20601000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K137, Class X3, 2.977%, 1/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3009839 |
| &nbsp;&nbsp; 31585759 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K139, Class X3, 3.139%, 2/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4959969 |
| &nbsp;&nbsp; 97300000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K139, Class XAM, 0.870%, 2/25/32<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4210181 |
| &nbsp;&nbsp; 31370856 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K140, Class X3, 3.046%, 3/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4771162 |
| &nbsp;&nbsp; 10400000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K143, Class X3, 3.248%, 4/25/50<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1745910 |
| &nbsp;&nbsp; 5835659 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1515, Class X3, 3.805%, 3/25/38<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1498502 |
| &nbsp;&nbsp; 19897716 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1516, Class X1, 1.626%, 5/25/35<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2131137 |
| &nbsp;&nbsp; 18435033 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1516, Class X3, 3.575%, 10/25/38<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4535733 |
| &nbsp;&nbsp; 37015845 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X1, 1.435%, 7/25/35<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3438339 |
| &nbsp;&nbsp; 52485811 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1517, Class X3, 3.397%, 8/25/38<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 12201928 |
| &nbsp;&nbsp;116066423 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1519, Class X1, 0.687%, 12/25/35<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4937883 |
| &nbsp;&nbsp; 11201391 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1519, Class X3, 2.897%, 12/25/38<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2292751 |
| &nbsp;&nbsp; 57304543 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, Class X1, 0.577%, 2/25/36<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1966262 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%<br> (Continued)** |
| $5000000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1520, Class X3, 3.199%, 4/25/39<sup>(B)(C)(D)</sup> | $1140651 |
| &nbsp;&nbsp; 53468133 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-1521, Class X1, 1.093%, 8/25/36<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4017285 |
| &nbsp;&nbsp; 46617000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K-165, Class XAM, 1.092%, 9/25/34<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3257391 |
| &nbsp;&nbsp;129075253 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K513, Class X1, 0.882%, 12/25/28<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2872957 |
| &nbsp;&nbsp;138665919 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K538, Class X1, 0.734%, 1/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3331005 |
| &nbsp;&nbsp;523491000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K542, Class X1, 0.864%, 4/25/30<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 19048895 |
| &nbsp;&nbsp; 15100238 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K739, Class X3, 2.901%, 11/25/48<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 775889 |
| &nbsp;&nbsp; 16196664 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K741, Class X3, 2.533%, 3/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 889704 |
| &nbsp;&nbsp; 16000000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K742, Class X3, 2.684%, 4/25/28<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1053283 |
| &nbsp;&nbsp; 9500000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K743, Class X3, 3.056%, 6/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 710953 |
| &nbsp;&nbsp; 39018396 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K744, Class X3, 3.070%, 8/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2976827 |
| &nbsp;&nbsp; 47774075 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class X3, 2.759%, 9/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3603852 |
| &nbsp;&nbsp;146903000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K745, Class XAM, 1.096%, 9/25/28<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 4082611 |
| &nbsp;&nbsp;155000000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K746, Class XAM, 0.664%, 10/25/28<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2605318 |
| &nbsp;&nbsp; 52159495 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K747, Class X3, 2.635%, 12/25/49<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3886023 |
| &nbsp;&nbsp; 19560000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K751, Class X3, 5.010%, 3/25/56<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 3808354 |
| &nbsp;&nbsp; 5122000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K755, Class X3, 5.835%, 2/25/31<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1333967 |
| &nbsp;&nbsp; 31179400 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K757, Class X3, 5.743%, 10/25/61<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 8485882 |
| &nbsp;&nbsp; 6400000 &nbsp;&nbsp;FHLMC Multifamily Structured Pass Through Certificates, Ser K758, Class X3, 5.350%, 11/25/56<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1659740 |
| &nbsp;&nbsp; 28011914 &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2020-SB79, Class X1, 1.168%, 7/25/40<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1099549 |
| &nbsp;&nbsp; 69560770 &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2020-SB81, Class X1, 1.132%, 10/25/40<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2752346 |
| &nbsp;&nbsp; 30529505 &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB82, Class X1, 1.128%, 10/25/40<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 739651 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%<br> (Continued)** | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 13.0%<br> (Continued)** |
| $46823238 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB83, Class X1, 0.966%, 1/25/41<sup>(B)(C)(D)</sup> | $1042730 |
| &nbsp;&nbsp; 25212092 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB84, Class X1, 0.569%, 1/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 461270 |
| &nbsp;&nbsp; 64878683 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB85, Class X1, 0.479%, 3/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1366974 |
| &nbsp;&nbsp; 71806080 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB87, Class X1, 0.727%, 4/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1888651 |
| &nbsp;&nbsp; 76288853 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2021-SB88, Class X1, 0.800%, 5/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1900004 |
| &nbsp;&nbsp;111008931 | &nbsp;&nbsp;FRESB Mortgage Trust, Ser 2022-SB94, Class X1, 0.135%, 11/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1311093 |
| &nbsp;&nbsp;123356921 | &nbsp;&nbsp;FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB86, Class X1, 0.390%, 3/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 2280462 |
| &nbsp;&nbsp; 58702034 | &nbsp;&nbsp;FRESB Multifamily Structured Pass Through Certificates, Ser 2021-SB89, Class X1, 0.683%, 6/25/41<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 1221507 |
| &nbsp;&nbsp; 3417766 | &nbsp;&nbsp;GNMA, Ser 2012-147, Class IO, 0.533%, 4/16/54<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 34808 |
| &nbsp;&nbsp; 8678754 | &nbsp;&nbsp;GNMA, Ser 2016-110, Class IO, 0.895%, 5/16/58<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 365174 |
| &nbsp;&nbsp; 17187476 | &nbsp;&nbsp;GNMA, Ser 2016-158, Class IO, 0.744%, 6/16/58<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 607943 |
| &nbsp;&nbsp; 9952195 | &nbsp;&nbsp;GNMA, Ser 2016-52, Class IO, 0.739%, 3/16/58<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 363165 |
| &nbsp;&nbsp; 11210164 | &nbsp;&nbsp;GNMA, Ser 2017-76, Class IO, 0.771%, 12/16/56<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 530847 |
| &nbsp;&nbsp; 14375643 | &nbsp;&nbsp;GNMA, Ser 2017-94, Class IO, 0.589%, 2/16/59<sup>(B)(C)(D)</sup> | &nbsp;&nbsp; 499979 |
|  | &nbsp;&nbsp;**Total Agency Collateralized Mortgage Obligations** | &nbsp;&nbsp; $222851586 |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 12.9%** | &nbsp;&nbsp;**Asset-Backed Securities — 12.9%** |
| &nbsp;&nbsp; 80500273 | &nbsp;&nbsp;Ally Auto Receivables Trust, Ser 2024-1, Class CERT, 144a, 2/16/32 | &nbsp;&nbsp; 4609607 |
| &nbsp;&nbsp; 1847161 | &nbsp;&nbsp;Ally Bank Auto Credit-Linked Notes Series, Ser 2024-A, Class D, 144a, 6.315%, 5/17/32 | &nbsp;&nbsp; 1865710 |
| &nbsp;&nbsp; 4427028 | &nbsp;&nbsp;Ally Bank Auto Credit-Linked Notes Series, Ser 2024-A, Class E, 144a, 7.917%, 5/17/32 | &nbsp;&nbsp; 4502958 |
| &nbsp;&nbsp; 4278324 | &nbsp;&nbsp;Ally Bank Auto Credit-Linked Notes Series, Ser 2024-B, Class D, 144a, 5.410%, 9/15/32 | &nbsp;&nbsp; 4273478 |
| &nbsp;&nbsp; 2790211 | &nbsp;&nbsp;Ally Bank Auto Credit-Linked Notes Series, Ser 2024-B, Class E, 144a, 6.678%, 9/15/32 | &nbsp;&nbsp; 2805337 |
| &nbsp;&nbsp; 2970000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class D, 144a, 3.282%, 7/17/37 | &nbsp;&nbsp; 2963015 |
| &nbsp;&nbsp; 2700000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class E1, 144a, 4.028%, 7/17/37 | &nbsp;&nbsp; 2693587 |
| &nbsp;&nbsp; 7775000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class F, 144a, 5.245%, 7/17/37 | &nbsp;&nbsp; 7755729 |
| &nbsp;&nbsp; 3000000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class G, 144a, 4.000%, 7/17/37 | &nbsp;&nbsp; 2992193 |
| &nbsp;&nbsp; 14729000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class H, 144a, 5.250%, 7/17/37 | &nbsp;&nbsp; 14689407 |
| &nbsp;&nbsp; 20900910 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR2, Class I, 144a, 5.250%, 7/17/37 | &nbsp;&nbsp; 20841831 |
| &nbsp;&nbsp; 8100000 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR5, Class G, 144a, 4.112%, 11/17/37 | &nbsp;&nbsp; 8029444 |
| &nbsp;&nbsp; 3149500 | &nbsp;&nbsp;AMSR Trust, Ser 2020-SFR5, Class H, 144a, 5.000%, 11/17/37 | &nbsp;&nbsp; 3118041 |
| &nbsp;&nbsp; 9263918 | &nbsp;&nbsp;Bayview Opportunity Master Fund VII LLC, Ser 2024-CAR1, Class A, 144a, (SOFR30A + 1.100%), 5.405%, 12/26/31<sup>(B)</sup> | &nbsp;&nbsp; 9291469 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 12.9% (Continued)** | &nbsp;&nbsp;**Asset-Backed Securities — 12.9% (Continued)** |
| $1459736 | &nbsp;&nbsp;Bayview Opportunity Master Fund VII LLC, Ser 2024-CAR1, Class B, 144a, (SOFR30A + 1.300%), 5.605%, 12/26/31<sup>(B)</sup> | $1464796 |
| &nbsp;&nbsp; 919093 | &nbsp;&nbsp;Bayview Opportunity Master Fund VII LLC, Ser 2024-CAR1, Class C, 144a, (SOFR30A + 1.500%), 5.805%, 12/26/31<sup>(B)</sup> | &nbsp;&nbsp; 922730 |
| &nbsp;&nbsp; 405482 | &nbsp;&nbsp;Bayview Opportunity Master Fund VII LLC, Ser 2024-CAR1, Class D, 144a, (SOFR30A + 2.050%), 6.355%, 12/26/31<sup>(B)</sup> | &nbsp;&nbsp; 408154 |
| &nbsp;&nbsp; 810965 | &nbsp;&nbsp;Bayview Opportunity Master Fund VII LLC, Ser 2024-CAR1, Class E, 144a, (SOFR30A + 3.600%), 7.905%, 12/26/31<sup>(B)</sup> | &nbsp;&nbsp; 815711 |
| &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;Chase Auto Credit Linked Notes Series, Ser 2025-1, Class B, 144a, 4.753%, 2/25/33 | &nbsp;&nbsp; 10032530 |
| &nbsp;&nbsp; 5500000 | &nbsp;&nbsp;Chase Auto Credit Linked Notes Series, Ser 2025-1, Class E, 144a, 6.024%, 2/25/33 | &nbsp;&nbsp; 5517486 |
| &nbsp;&nbsp; 27000 | &nbsp;&nbsp;Chase Auto Owner Trust, Ser 2024-4A, Class R1, 144a, 11/25/31 | &nbsp;&nbsp; 8253817 |
| &nbsp;&nbsp; 32000 | &nbsp;&nbsp;Chase Auto Owner Trust, Ser 2024-5A, Class R1, 144a, 1/26/32 | &nbsp;&nbsp; 8133229 |
| &nbsp;&nbsp; 908000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class B, 144a, 1.740%, 8/17/37 | &nbsp;&nbsp; 901138 |
| &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class D, 144a, 2.241%, 8/17/37 | &nbsp;&nbsp; 1985118 |
| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class E, 144a, 2.791%, 8/17/37 | &nbsp;&nbsp; 993050 |
| &nbsp;&nbsp; 3050000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class F1, 144a, 3.638%, 8/17/37 | &nbsp;&nbsp; 3031613 |
| &nbsp;&nbsp; 1060000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class F2, 144a, 4.284%, 8/17/37 | &nbsp;&nbsp; 1054538 |
| &nbsp;&nbsp; 16000000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR1, Class G, 144a, 4.781%, 8/17/37 | &nbsp;&nbsp; 15924958 |
| &nbsp;&nbsp; 7400000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR2, Class D, 144a, 1.968%, 10/19/37 | &nbsp;&nbsp; 7297597 |
| &nbsp;&nbsp; 2930000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR2, Class F1, 144a, 3.017%, 10/19/37 | &nbsp;&nbsp; 2898383 |
| &nbsp;&nbsp; 300000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR2, Class F3, 144a, 3.366%, 10/19/37 | &nbsp;&nbsp; 296787 |
| &nbsp;&nbsp; 300000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR2, Class G1, 144a, 4.000%, 10/19/37 | &nbsp;&nbsp; 297197 |
| &nbsp;&nbsp; 300000 | &nbsp;&nbsp;FirstKey Homes Trust, Ser 2020-SFR2, Class G2, 144a, 4.500%, 10/19/37 | &nbsp;&nbsp; 297475 |
| &nbsp;&nbsp; 1279702 | &nbsp;&nbsp;Home Partners of America Trust, Ser 2019-1, Class C, 144a, 3.256%, 9/17/39 | &nbsp;&nbsp; 1229489 |
| &nbsp;&nbsp; 924157 | &nbsp;&nbsp;JPMorgan Chase Bank NA - CACLN, Ser 2021-3, Class F, 144a, 3.694%, 2/26/29 | &nbsp;&nbsp; 923198 |
| &nbsp;&nbsp; 64084 | &nbsp;&nbsp;Mid-State Capital Corp. Trust, Ser 2005-1, Class M2, 7.079%, 1/15/40 | &nbsp;&nbsp; 64349 |
| &nbsp;&nbsp; 2800000 | &nbsp;&nbsp;OHA Credit Partners Ltd. (Cayman Islands), Ser 2023-15RA, Class X, 144a, (TSFR3M + 1.000%), 5.315%, 7/20/38<sup>(B)</sup> | &nbsp;&nbsp; 2799919 |
| &nbsp;&nbsp; 1776254 | &nbsp;&nbsp;Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2021-4A, Class A1, 144a, (TSFR3M + 1.062%), 5.318%, 10/15/29<sup>(B)</sup> | &nbsp;&nbsp; 1776275 |
| &nbsp;&nbsp; 527271 | &nbsp;&nbsp;Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2022-2A, Class A1, 144a, (TSFR3M + 1.270%), 5.526%, 10/15/30<sup>(B)</sup> | &nbsp;&nbsp; 527512 |
| &nbsp;&nbsp; 5350000 | &nbsp;&nbsp;Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2022-2A, Class A2, 144a, (TSFR3M + 1.900%), 6.156%, 10/15/30<sup>(B)</sup> | &nbsp;&nbsp; 5356099 |
| &nbsp;&nbsp; 975000 | &nbsp;&nbsp;Progress Residential, Ser 2021-SFR3, Class B, 144a, 1.888%, 5/17/26 | &nbsp;&nbsp; 957569 |
| &nbsp;&nbsp; 2489672 | &nbsp;&nbsp;Progress Residential, Ser 2021-SFR3, Class H, 144a, 4.750%, 5/17/26 | &nbsp;&nbsp; 2465391 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 12.9% (Continued)** | &nbsp;&nbsp;**Asset-Backed Securities — 12.9% (Continued)** |
| $3019877 | &nbsp;&nbsp;Progress Residential, Ser 2021-SFR4, Class A, 144a, 1.558%, 5/17/38 | $2957716 |
| &nbsp;&nbsp; 5430000 | &nbsp;&nbsp;Progress Residential, Ser 2021-SFR4, Class B, 144a, 1.808%, 5/17/38 | &nbsp;&nbsp; 5320224 |
| &nbsp;&nbsp; 3950000 | &nbsp;&nbsp;Progress Residential Trust, Ser 2021-SFR5, Class D, 144a, 2.109%, 7/17/38 | &nbsp;&nbsp; 3843308 |
| &nbsp;&nbsp; 3343556 | &nbsp;&nbsp;Progress Residential Trust, Ser 2021-SFR6, Class A, 144a, 1.524%, 7/17/38 | &nbsp;&nbsp; 3258951 |
| &nbsp;&nbsp; 7929597 | &nbsp;&nbsp;Redwood Funding Trust, Ser 2023-1, Class A, 144a, 7.500%, 7/25/59<sup>(B)(C)</sup> | &nbsp;&nbsp; 7958353 |
| &nbsp;&nbsp; 7308766 | &nbsp;&nbsp;US Bank NA, Ser 2023-1, Class B, 144a, 6.789%, 8/25/32 | &nbsp;&nbsp; 7394979 |
| &nbsp;&nbsp; 40000 | &nbsp;&nbsp;USB Auto Owner Trust, Ser 2025-1A, Class R, 144a, 12/15/32 | &nbsp;&nbsp; 13293637 |
|  | &nbsp;&nbsp;**Total Asset-Backed Securities** | &nbsp;&nbsp; $221085082 |
|  | &nbsp;&nbsp;**U.S. Treasury Obligations — 12.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations — 12.0%** |
| &nbsp;&nbsp; 59511000 | &nbsp;&nbsp;U.S. Treasury Bond, 1.250%, 5/15/50 | &nbsp;&nbsp; 28637344 |
| &nbsp;&nbsp; 59511000 | &nbsp;&nbsp;U.S. Treasury Bond, 1.375%, 8/15/50 | &nbsp;&nbsp; 29397505 |
| &nbsp;&nbsp; 75577000 | &nbsp;&nbsp;U.S. Treasury Bond, 1.625%, 11/15/50 | &nbsp;&nbsp; 39890485 |
| &nbsp;&nbsp;120042000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.125%, 8/15/53 | &nbsp;&nbsp; 107400077 |
|  | &nbsp;&nbsp;**Total U.S. Treasury Obligations** | &nbsp;&nbsp; $205325411 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Preferred Stocks — 3.8%** |  |
|  | &nbsp;&nbsp;**Financials — 3.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64699 | &nbsp;&nbsp;AGNC Investment Corp. REIT, Ser C, (TSFR3M + 5.373%), 9.629%<sup>(A)</sup> | &nbsp;&nbsp; 1647883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589927 | &nbsp;&nbsp;AGNC Investment Corp. REIT, Ser F, (TSFR3M + 4.959%), 9.215%<sup>(A)</sup> | &nbsp;&nbsp; 14813067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146575 | &nbsp;&nbsp;Allstate Corp. (The), Ser J, 7.375%<sup>(A)</sup> | &nbsp;&nbsp; 3824142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438461 | &nbsp;&nbsp;Annaly Capital Management, Inc. REIT, Ser I, (TSFR3M + 5.251%), 9.543%<sup>(A)</sup> | &nbsp;&nbsp; 11044833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88011 | &nbsp;&nbsp;Carlyle Finance LLC, 4.625%, 5/15/61<sup>(A)</sup> | &nbsp;&nbsp; 1474184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303742 | &nbsp;&nbsp;Lincoln National Corp., Ser D, 9.000%<sup>(A)</sup> | &nbsp;&nbsp; 8082575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53686 | &nbsp;&nbsp;Oaktree Capital Group LLC, Ser A, 6.625%<sup>(A)</sup> | &nbsp;&nbsp; 1234241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102481 | &nbsp;&nbsp;Oaktree Capital Group LLC, Ser B, 6.550%<sup>(A)</sup> | &nbsp;&nbsp; 2236135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186953 | &nbsp;&nbsp;Reinsurance Group of America, Inc., 7.125%, 10/15/52<sup>(A)</sup> | &nbsp;&nbsp; 4756084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3267 | &nbsp;&nbsp;Reinsurance Group of America, Inc., 5.750%, 6/15/56<sup>(A)</sup> | &nbsp;&nbsp; 80205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290000 | &nbsp;&nbsp;Rithm Capital Corp. REIT, Ser D, 7.000%<sup>(A)</sup> | &nbsp;&nbsp; 6942600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192373 | &nbsp;&nbsp;Virtus Convertible & Income Fund, Ser A, 5.625%<sup>(A)</sup> | &nbsp;&nbsp; 4132172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7379 | &nbsp;&nbsp;Virtus Convertible & Income Fund II, 5.500%<sup>(A)</sup> | &nbsp;&nbsp; 153852 |
|  |  | &nbsp;&nbsp; 60421973 |
|  | &nbsp;&nbsp;**Utilities — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;316505 | &nbsp;&nbsp;Brookfield Renewable Partners LP (Canada), Ser 17, 5.250%<sup>(A)</sup> | &nbsp;&nbsp; 5485032 |
|  | &nbsp;&nbsp;**Total Preferred Stocks** | &nbsp;&nbsp;&nbsp;&nbsp; $65907005 |
|  | &nbsp;&nbsp;**Exchange-Traded Funds — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21942 | &nbsp;&nbsp;iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp; 946578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46791 | &nbsp;&nbsp;Vanguard Long-Term Corporate Bond ETF | &nbsp;&nbsp; 3551437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396982 | &nbsp;&nbsp;Vanguard Ultra Short Bond ETF | &nbsp;&nbsp; 19795507 |
|  | &nbsp;&nbsp;**Total Exchange-Traded Funds** | &nbsp;&nbsp;&nbsp;&nbsp; $24293522 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  |  |
|  | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 0.1%** | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 0.1%** |
| $28266545 | &nbsp;&nbsp;BANK, Ser 2020-BN26, Class XA, 1.306%, 3/15/63<sup>(B)(C)(D)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187121 |

---

------

Touchstone Flexible Income Fund (Unaudited) (Continued)

---

| | | | |
|:---|:---|:---|:---|
| **Number of<br> Contracts** |  | **Notional<br> Amount** | &nbsp;&nbsp;**MarketValue** |
|  | &nbsp;&nbsp;**Purchased Options — 0.1%** |  |  |
|  | &nbsp;&nbsp;**Purchased Call Options — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;iShares 20+ Year Treasury Bond ETF, Strike @93.00, Exp 09/25 | $1000000 | $850000 |
|  | &nbsp;&nbsp;**Total Purchased Options** | &nbsp;&nbsp;**Total Purchased Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $850000 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 6.0%** |  |
| 103347027 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 103347027 |
|  | &nbsp;&nbsp;**Total Investment Securities—98.2%<br> (Cost $1,694,566,025)** | $1682510286 |
|  | &nbsp;&nbsp;**Other Assets in Excess of Liabilities — 1.8%** | &nbsp;&nbsp; 30564096 |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $1713074382 |

---

*(A)* *Perpetual Bond - A bond or preferred stock with no definite maturity date.* 

*(B)* *Variable rate security - Rate reflected is the rate in effect as of June 30, 2025.* 

*(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)* *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.* 

*∞* *Open-End Fund.* 

*Ω* *Represents the 7-Day SEC yield as of June 30, 2025.* 

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ETF – Exchange-Traded Fund* |
| *FHLMC – Federal Home Loan Mortgage Corporation* |
| *FRESB – Freddie Mac Multifamily Securitization Small Balance Loan* |
| *GNMA – Government National Mortgage Association* |
| *IO – Interest Only* |
| *LLC – Limited Liability Company* |
| *LP – Limited Partnership* |
| *PLC – Public Limited Company* |
| *REIT – Real Estate Investment Trust* |
| *REMIC – Real Estate Mortgage Investment Conduit* |
| *SOFR30A – Secured Overnight Financing Rate 30 Day Average* |
| *STACR – Structured Agency Credit Risk* |
| *TSFR12M – Twelve Month Term Secured Overnight Financing Rate* |
| *TSFR1M – One Month Term Secured Overnight Financing Rate* |
| *TSFR3M – Three Month Term Secured Overnight Financing Rate* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2025, these securities were valued at $528,325,174 or 30.8% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

*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:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Corporate Bonds* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | &nbsp;&nbsp;*$512472841* | *$—* | &nbsp;&nbsp;*$512472841* |
| *Non-Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*325190691* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*325190691* |
| *Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*222851586* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*222851586* |
| *Asset-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*221085082* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*221085082* |
| *U.S. Treasury Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*205325411* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*205325411* |
| *Preferred Stocks* | &nbsp;&nbsp;&nbsp;&nbsp;*65907005* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*65907005* |
| *Exchange-Traded Funds* | &nbsp;&nbsp;&nbsp;&nbsp;*24293522* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*24293522* |
| *Commercial Mortgage-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1187121* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*1187121* |
| *Purchased Call Options* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Equity contracts* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*850000* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*850000* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;*103347027* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*103347027* |
| *Total* | *$194397554* | *$1488112732* | *$—* | *$1682510286* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Focused Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 98.1%** |  |
|  | &nbsp;&nbsp;**Information Technology — 30.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;364282 | &nbsp;&nbsp;Apple, Inc. | $74739738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79033 | &nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp; 14468571 |
| &nbsp;&nbsp;&nbsp;&nbsp;271026 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 134811043 |
| &nbsp;&nbsp;&nbsp;&nbsp;330124 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp; 52156291 |
| &nbsp;&nbsp;&nbsp;&nbsp;204289 | &nbsp;&nbsp;Oracle Corp. | &nbsp;&nbsp; 44663704 |
| &nbsp;&nbsp;&nbsp;&nbsp;113560 | &nbsp;&nbsp;Salesforce, Inc. | &nbsp;&nbsp; 30966676 |
| &nbsp;&nbsp;&nbsp;&nbsp;104887 | &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR | &nbsp;&nbsp; 23755857 |
| &nbsp;&nbsp;&nbsp;&nbsp;114131 | &nbsp;&nbsp;Texas Instruments, Inc. | &nbsp;&nbsp; 23695878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67768 | &nbsp;&nbsp;Workday, Inc. - Class A\* | &nbsp;&nbsp; 16264320 |
|  |  | &nbsp;&nbsp; 415522078 |
|  | &nbsp;&nbsp;**Communication Services — 15.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;402078 | &nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp; 71324616 |
| &nbsp;&nbsp;&nbsp;&nbsp;415250 | &nbsp;&nbsp;Comcast Corp. - Class A | &nbsp;&nbsp; 14820272 |
| &nbsp;&nbsp;&nbsp;&nbsp;143175 | &nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp; 105676036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9828 | &nbsp;&nbsp;Netflix, Inc.\* | &nbsp;&nbsp; 13160970 |
|  |  | &nbsp;&nbsp; 204981894 |
|  | &nbsp;&nbsp;**Financials — 14.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;748902 | &nbsp;&nbsp;Bank of America Corp. | &nbsp;&nbsp; 35438043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40913 | &nbsp;&nbsp;Berkshire Hathaway, Inc. - Class B\* | &nbsp;&nbsp; 19874308 |
| &nbsp;&nbsp;&nbsp;&nbsp;297862 | &nbsp;&nbsp;Charles Schwab Corp. (The) | &nbsp;&nbsp; 27176929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48229 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 34134075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38817 | &nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp; 14555210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13854 | &nbsp;&nbsp;Markel Group, Inc.\* | &nbsp;&nbsp; 27671425 |
| &nbsp;&nbsp;&nbsp;&nbsp;100160 | &nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp; 35561808 |
|  |  | &nbsp;&nbsp; 194411798 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 10.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;161241 | &nbsp;&nbsp;Airbnb, Inc. - Class A\* | &nbsp;&nbsp; 21338634 |
| &nbsp;&nbsp;&nbsp;&nbsp;315140 | &nbsp;&nbsp;Amazon.com, Inc.\* | &nbsp;&nbsp; 69138565 |
| &nbsp;&nbsp;&nbsp;&nbsp;206190 | &nbsp;&nbsp;Choice Hotels International, Inc. | &nbsp;&nbsp; 26161387 |
| &nbsp;&nbsp;&nbsp;&nbsp;126656 | &nbsp;&nbsp;Floor & Decor Holdings, Inc. - Class A\* | &nbsp;&nbsp; 9620790 |
| &nbsp;&nbsp;&nbsp;&nbsp;147347 | &nbsp;&nbsp;Frontdoor, Inc.\* | &nbsp;&nbsp; 8684632 |
|  |  | &nbsp;&nbsp; 134944008 |
|  | &nbsp;&nbsp;**Health Care — 9.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;108261 | &nbsp;&nbsp;Becton Dickinson & Co. | &nbsp;&nbsp; 18647957 |
| &nbsp;&nbsp;&nbsp;&nbsp;129243 | &nbsp;&nbsp;BioMarin Pharmaceutical, Inc.\* | &nbsp;&nbsp; 7104488 |
| &nbsp;&nbsp;&nbsp;&nbsp;317839 | &nbsp;&nbsp;Bristol-Myers Squibb Co. | &nbsp;&nbsp; 14712767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50228 | &nbsp;&nbsp;HCA Healthcare, Inc. | &nbsp;&nbsp; 19242347 |
| &nbsp;&nbsp;&nbsp;&nbsp;155410 | &nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp; 23738877 |
| &nbsp;&nbsp;&nbsp;&nbsp;299617 | &nbsp;&nbsp;Medtronic PLC | &nbsp;&nbsp; 26117614 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54266 | &nbsp;&nbsp;UnitedHealth Group, Inc. | &nbsp;&nbsp; 16929364 |
|  |  | &nbsp;&nbsp; 126493414 |
|  | &nbsp;&nbsp;**Industrials — 6.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;123760 | &nbsp;&nbsp;Boeing Co. (The)\* | &nbsp;&nbsp; 25931433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33977 | &nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp; 13876547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90898 | &nbsp;&nbsp;RTX Corp. | &nbsp;&nbsp; 13272926 |
| &nbsp;&nbsp;&nbsp;&nbsp;198319 | &nbsp;&nbsp;SS&C Technologies Holdings, Inc. | &nbsp;&nbsp; 16420813 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 98.1% (Continued)** |  |
|  | &nbsp;&nbsp;**Industrials — 6.7% (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;122445 | &nbsp;&nbsp;Stanley Black & Decker, Inc. | $8295649 |
| &nbsp;&nbsp;&nbsp;&nbsp;135228 | &nbsp;&nbsp;Uber Technologies, Inc.\* | &nbsp;&nbsp; 12616772 |
|  |  | &nbsp;&nbsp; 90414140 |
|  | &nbsp;&nbsp;**Consumer Staples — 5.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;273492 | &nbsp;&nbsp;Coca-Cola Femsa SAB de CV (Mexico) ADR | &nbsp;&nbsp; 26454881 |
| &nbsp;&nbsp;&nbsp;&nbsp;204315 | &nbsp;&nbsp;Monster Beverage Corp.\* | &nbsp;&nbsp; 12798292 |
| &nbsp;&nbsp;&nbsp;&nbsp;219156 | &nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp; 39914882 |
|  |  | &nbsp;&nbsp; 79168055 |
|  | &nbsp;&nbsp;**Energy — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;251542 | &nbsp;&nbsp;Exxon Mobil Corp. | &nbsp;&nbsp; 27116228 |
|  | &nbsp;&nbsp;**Materials — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;227014 | &nbsp;&nbsp;DuPont de Nemours, Inc. | &nbsp;&nbsp; 15570890 |
| &nbsp;&nbsp;&nbsp;&nbsp;140564 | &nbsp;&nbsp;International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 10338482 |
|  |  | &nbsp;&nbsp; 25909372 |
|  | &nbsp;&nbsp;**Real Estate — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70700 | &nbsp;&nbsp;Jones Lang LaSalle, Inc.\* | &nbsp;&nbsp; 18083646 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $1317044633 |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 1.9%** |  |
| 26216816 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 26216816 |
|  | &nbsp;&nbsp;**Total Investment Securities—100.0%<br> (Cost $592,554,400)** | $1343261449 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (0.0%)** | &nbsp;&nbsp;&nbsp; (464940) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $1342796509 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of June 30, 2025.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ADR – American Depositary Receipt* |
| *PLC – Public Limited Company* |

---

*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:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Common Stocks* | *$1317044633* | *$—* | *$—* | *$1317044633* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*26216816* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*26216816* |
| *Total* | *$1343261449* | *$—* | *$—* | *$1343261449* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Mid Cap Growth Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.3%** |  |
|  | &nbsp;&nbsp;**Industrials — 25.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;120540 | &nbsp;&nbsp;AMETEK, Inc. | $21812918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83183 | &nbsp;&nbsp;Axon Enterprise, Inc.\* | &nbsp;&nbsp; 68870533 |
| &nbsp;&nbsp;&nbsp;&nbsp;315297 | &nbsp;&nbsp;Copart, Inc.\* | &nbsp;&nbsp; 15471624 |
| &nbsp;&nbsp;&nbsp;&nbsp;534389 | &nbsp;&nbsp;CSX Corp.\* | &nbsp;&nbsp; 17437113 |
| &nbsp;&nbsp;&nbsp;&nbsp;346119 | &nbsp;&nbsp;Howmet Aerospace, Inc. | &nbsp;&nbsp; 64423130 |
| &nbsp;&nbsp;&nbsp;&nbsp;101557 | &nbsp;&nbsp;JB Hunt Transport Services, Inc. | &nbsp;&nbsp; 14583585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56590 | &nbsp;&nbsp;Quanta Services, Inc. | &nbsp;&nbsp; 21395547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69553 | &nbsp;&nbsp;Rockwell Automation, Inc. | &nbsp;&nbsp; 23103420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25422 | &nbsp;&nbsp;TransDigm Group, Inc. | &nbsp;&nbsp; 38657710 |
| &nbsp;&nbsp;&nbsp;&nbsp;485690 | &nbsp;&nbsp;Vertiv Holdings Co. - Class A | &nbsp;&nbsp; 62367453 |
| &nbsp;&nbsp;&nbsp;&nbsp;110723 | &nbsp;&nbsp;Waste Connections, Inc. | &nbsp;&nbsp; 20674199 |
|  |  | &nbsp;&nbsp; 368797232 |
|  | &nbsp;&nbsp;**Information Technology — 17.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;148060 | &nbsp;&nbsp;Cloudflare, Inc. - Class A\* | &nbsp;&nbsp; 28994590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58527 | &nbsp;&nbsp;Fabrinet (Thailand)\* | &nbsp;&nbsp; 17246736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12987 | &nbsp;&nbsp;Fair Isaac Corp.\* | &nbsp;&nbsp; 23739717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65396 | &nbsp;&nbsp;Gartner, Inc.\* | &nbsp;&nbsp; 26434371 |
| &nbsp;&nbsp;&nbsp;&nbsp;176868 | &nbsp;&nbsp;Globant SA (Argentina)\* | &nbsp;&nbsp; 16066689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38030 | &nbsp;&nbsp;HubSpot, Inc.\* | &nbsp;&nbsp; 21168639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97500 | &nbsp;&nbsp;MACOM Technology Solutions Holdings, Inc.\* | &nbsp;&nbsp; 13970775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62801 | &nbsp;&nbsp;Monday.com Ltd.\* | &nbsp;&nbsp; 19749659 |
| &nbsp;&nbsp;&nbsp;&nbsp;108001 | &nbsp;&nbsp;MongoDB, Inc.\* | &nbsp;&nbsp; 22679130 |
| &nbsp;&nbsp;&nbsp;&nbsp;621335 | &nbsp;&nbsp;Samsara, Inc. - Class A\* | &nbsp;&nbsp; 24716706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98539 | &nbsp;&nbsp;Snowflake, Inc. - Class A\* | &nbsp;&nbsp; 22050072 |
| &nbsp;&nbsp;&nbsp;&nbsp;285978 | &nbsp;&nbsp;Western Digital Corp. | &nbsp;&nbsp; 18299732 |
|  |  | &nbsp;&nbsp; 255116816 |
|  | &nbsp;&nbsp;**Health Care — 17.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59918 | &nbsp;&nbsp;Alnylam Pharmaceuticals, Inc.\* | &nbsp;&nbsp; 19538661 |
| &nbsp;&nbsp;&nbsp;&nbsp;272742 | &nbsp;&nbsp;Ascendis Pharma A/S (Denmark) ADR\* | &nbsp;&nbsp; 47075269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82321 | &nbsp;&nbsp;Cencora, Inc. | &nbsp;&nbsp; 24683952 |
| &nbsp;&nbsp;&nbsp;&nbsp;383425 | &nbsp;&nbsp;DexCom, Inc.\* | &nbsp;&nbsp; 33469168 |
| &nbsp;&nbsp;&nbsp;&nbsp;205009 | &nbsp;&nbsp;GE HealthCare Technologies, Inc. | &nbsp;&nbsp; 15185017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82352 | &nbsp;&nbsp;ICON PLC\* | &nbsp;&nbsp; 11978098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68624 | &nbsp;&nbsp;Insulet Corp.\* | &nbsp;&nbsp; 21560288 |
| &nbsp;&nbsp;&nbsp;&nbsp;376954 | &nbsp;&nbsp;Legend Biotech Corp. ADR\* | &nbsp;&nbsp; 13378098 |
| &nbsp;&nbsp;&nbsp;&nbsp;116031 | &nbsp;&nbsp;Masimo Corp.\* | &nbsp;&nbsp; 19518735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87043 | &nbsp;&nbsp;Natera, Inc.\* | &nbsp;&nbsp; 14705044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75060 | &nbsp;&nbsp;Veeva Systems, Inc. - Class A\* | &nbsp;&nbsp; 21615779 |
|  |  | &nbsp;&nbsp; 242708109 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 16.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10114 | &nbsp;&nbsp;AutoZone, Inc.\* | &nbsp;&nbsp; 37545494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71095 | &nbsp;&nbsp;Burlington Stores, Inc.\* | &nbsp;&nbsp; 16539541 |
| &nbsp;&nbsp;&nbsp;&nbsp;121455 | &nbsp;&nbsp;DoorDash, Inc. - Class A\* | &nbsp;&nbsp; 29939872 |
| &nbsp;&nbsp;&nbsp;&nbsp;720403 | &nbsp;&nbsp;DraftKings, Inc. - Class A\* | &nbsp;&nbsp; 30898085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80219 | &nbsp;&nbsp;Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp; 21365528 |
| &nbsp;&nbsp;&nbsp;&nbsp;119440 | &nbsp;&nbsp;Royal Caribbean Cruises Ltd. | &nbsp;&nbsp; 37401442 |
| &nbsp;&nbsp;&nbsp;&nbsp;209782 | &nbsp;&nbsp;SharkNinja, Inc.\* | &nbsp;&nbsp; 20766320 |
| &nbsp;&nbsp;&nbsp;&nbsp;456375 | &nbsp;&nbsp;Tapestry, Inc. | &nbsp;&nbsp; 40074289 |
|  |  | &nbsp;&nbsp; 234530571 |
|  | &nbsp;&nbsp;**Financials — 10.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;214066 | &nbsp;&nbsp;Ares Management Corp. - Class A | &nbsp;&nbsp; 37076231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82905 | &nbsp;&nbsp;Arthur J Gallagher & Co. | &nbsp;&nbsp; 26539549 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Financials — 10.1% (Continued)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;426310 | &nbsp;&nbsp;Fifth Third Bancorp | $17534130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74293 | &nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp; 27857646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40923 | &nbsp;&nbsp;MSCI, Inc. | &nbsp;&nbsp; 23601931 |
| &nbsp;&nbsp;&nbsp;&nbsp;126902 | &nbsp;&nbsp;Robinhood Markets, Inc. - Class A\* | &nbsp;&nbsp; 11881834 |
|  |  | &nbsp;&nbsp; 144491321 |
|  | &nbsp;&nbsp;**Communication Services — 5.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;222807 | &nbsp;&nbsp;Live Nation Entertainment, Inc.\* | &nbsp;&nbsp; 33706243 |
| &nbsp;&nbsp;&nbsp;&nbsp;374710 | &nbsp;&nbsp;ROBLOX Corp. - Class A\* | &nbsp;&nbsp; 39419492 |
|  |  | &nbsp;&nbsp; 73125735 |
|  | &nbsp;&nbsp;**Utilities — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;190914 | &nbsp;&nbsp;Vistra Corp. | &nbsp;&nbsp; 37001042 |
|  | &nbsp;&nbsp;**Energy — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;112651 | &nbsp;&nbsp;Diamondback Energy, Inc. | &nbsp;&nbsp; 15478248 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63604 | &nbsp;&nbsp;Targa Resources Corp. | &nbsp;&nbsp; 11072184 |
|  |  | &nbsp;&nbsp; 26550432 |
|  | &nbsp;&nbsp;**Materials — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81286 | &nbsp;&nbsp;Vulcan Materials Co. | &nbsp;&nbsp; 21201014 |
|  | &nbsp;&nbsp;**Consumer Staples — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;168176 | &nbsp;&nbsp;McCormick & Co., Inc. | &nbsp;&nbsp; 12751104 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $1416273376 |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 0.8%** |  |
| 11557050 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 11557050 |
|  | &nbsp;&nbsp;**Total Investment Securities—100.1%<br> (Cost $1,082,662,974)** | $1427830426 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (0.1%)** | &nbsp;&nbsp;&nbsp; (907622) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $1426922804 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of June 30, 2025.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ADR – American Depositary Receipt* |
| *PLC – Public Limited Company* |

---

*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:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Common Stocks* | *$1416273376* | *$—* | *$—* | *$1416273376* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*11557050* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*11557050* |
| *Total* | *$1427830426* | *$—* | *$—* | *$1427830426* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Non-US Equity Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 98.3%** |  |
|  | &nbsp;&nbsp;**Japan — 17.1%** |  |
|  | &nbsp;&nbsp;**Communication Services — 6.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;804300 | &nbsp;&nbsp;KDDI Corp. | $13810303 |
| &nbsp;&nbsp;&nbsp;&nbsp;463300 | &nbsp;&nbsp;Nintendo Co. Ltd. | &nbsp;&nbsp; 44490625 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 4.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;855600 | &nbsp;&nbsp;Denso Corp. | &nbsp;&nbsp; 11546569 |
| 1114600 | &nbsp;&nbsp;Sony Group Corp. | &nbsp;&nbsp; 28979964 |
|  | &nbsp;&nbsp;**Financials — 2.0%** |  |
| 1366800 | &nbsp;&nbsp;Mitsubishi UFJ Financial Group, Inc. | &nbsp;&nbsp; 18634394 |
|  | &nbsp;&nbsp;**Industrials — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;343700 | &nbsp;&nbsp;Hitachi Ltd. | &nbsp;&nbsp; 9989418 |
|  | &nbsp;&nbsp;**Information Technology — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;111300 | &nbsp;&nbsp;Tokyo Electron Ltd. | &nbsp;&nbsp; 21315003 |
|  | &nbsp;&nbsp;**Materials — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;408300 | &nbsp;&nbsp;Shin-Etsu Chemical Co. Ltd. | &nbsp;&nbsp; 13482875 |
|  | &nbsp;&nbsp;Total Japan | &nbsp;&nbsp;162249151 |
|  | &nbsp;&nbsp;**United Kingdom — 12.0%** |  |
|  | &nbsp;&nbsp;**Financials — 5.4%** |  |
| 25565733 | &nbsp;&nbsp;Lloyds Banking Group PLC | &nbsp;&nbsp; 26882842 |
| &nbsp;&nbsp;&nbsp;&nbsp;166026 | &nbsp;&nbsp;London Stock Exchange Group PLC | &nbsp;&nbsp; 24280841 |
|  | &nbsp;&nbsp;**Health Care — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;209542 | &nbsp;&nbsp;AstraZeneca PLC ADR | &nbsp;&nbsp; 14642795 |
|  | &nbsp;&nbsp;**Industrials — 5.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;599348 | &nbsp;&nbsp;RELX PLC | &nbsp;&nbsp; 32483271 |
| 3164476 | &nbsp;&nbsp;Rentokil Initial PLC | &nbsp;&nbsp; 15267864 |
|  | &nbsp;&nbsp;Total United Kingdom | &nbsp;&nbsp;113557613 |
|  | &nbsp;&nbsp;**Sweden — 9.6%** |  |
|  | &nbsp;&nbsp;**Financials — 6.1%** |  |
| 1910393 | &nbsp;&nbsp;Svenska Handelsbanken AB - Class A | &nbsp;&nbsp; 25574980 |
| 1203167 | &nbsp;&nbsp;Swedbank AB - Class A | &nbsp;&nbsp; 31867481 |
|  | &nbsp;&nbsp;**Industrials — 3.5%** |  |
| 1264235 | &nbsp;&nbsp;Atlas Copco AB - Class A | &nbsp;&nbsp; 20437634 |
| &nbsp;&nbsp;&nbsp;&nbsp;607014 | &nbsp;&nbsp;Epiroc AB - Class A | &nbsp;&nbsp; 13208536 |
|  | &nbsp;&nbsp;Total Sweden | &nbsp;&nbsp; 91088631 |
|  | &nbsp;&nbsp;**France — 8.5%** |  |
|  | &nbsp;&nbsp;**Energy — 1.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;221361 | &nbsp;&nbsp;TotalEnergies SE ADR | &nbsp;&nbsp; 13589352 |
|  | &nbsp;&nbsp;**Financials — 1.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;156262 | &nbsp;&nbsp;BNP Paribas SA | &nbsp;&nbsp; 14016968 |
|  | &nbsp;&nbsp;**Industrials — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;125645 | &nbsp;&nbsp;Cie de Saint-Gobain SA | &nbsp;&nbsp; 14760177 |
|  | &nbsp;&nbsp;**Materials — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;186034 | &nbsp;&nbsp;Air Liquide SA | &nbsp;&nbsp; 38360422 |
|  | &nbsp;&nbsp;Total France | &nbsp;&nbsp; 80726919 |
|  | &nbsp;&nbsp;**Germany — 7.1%** |  |
|  | &nbsp;&nbsp;**Communication Services — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;241357 | &nbsp;&nbsp;Deutsche Telekom AG | &nbsp;&nbsp; 8834535 |
|  | &nbsp;&nbsp;**Industrials — 4.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54172 | &nbsp;&nbsp;MTU Aero Engines AG | &nbsp;&nbsp; 24066102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54877 | &nbsp;&nbsp;Siemens AG | &nbsp;&nbsp; 14095607 |
|  | &nbsp;&nbsp;**Materials — 2.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84193 | &nbsp;&nbsp;Heidelberg Materials AG | &nbsp;&nbsp; 19827182 |
|  | &nbsp;&nbsp;Total Germany | &nbsp;&nbsp; 66823426 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 98.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Netherlands — 6.2%** |  |
|  | &nbsp;&nbsp;**Energy — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;453997 | &nbsp;&nbsp;Shell PLC ADR | $31965929 |
|  | &nbsp;&nbsp;**Financials — 1.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6240 | &nbsp;&nbsp;Adyen NV, 144a\* | &nbsp;&nbsp; 11459993 |
|  | &nbsp;&nbsp;**Information Technology — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19250 | &nbsp;&nbsp;ASML Holding NV | &nbsp;&nbsp; 15426757 |
|  | &nbsp;&nbsp;Total Netherlands | &nbsp;&nbsp; 58852679 |
|  | &nbsp;&nbsp;**China — 5.9%** |  |
|  | &nbsp;&nbsp;**Communication Services — 3.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;457428 | &nbsp;&nbsp;Tencent Holdings Ltd. ADR | &nbsp;&nbsp; 29504106 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;156192 | &nbsp;&nbsp;Alibaba Group Holding Ltd. ADR | &nbsp;&nbsp; 17713735 |
| &nbsp;&nbsp;&nbsp;&nbsp;141061 | &nbsp;&nbsp;Trip.com Group Ltd. ADR | &nbsp;&nbsp; 8271817 |
|  | &nbsp;&nbsp;Total China | &nbsp;&nbsp; 55489658 |
|  | &nbsp;&nbsp;**South Korea — 4.6%** |  |
|  | &nbsp;&nbsp;**Communication Services — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;600525 | &nbsp;&nbsp;KT Corp. ADR | &nbsp;&nbsp; 12478910 |
| &nbsp;&nbsp;&nbsp;&nbsp;350201 | &nbsp;&nbsp;KT Corp. | &nbsp;&nbsp; 14334147 |
|  | &nbsp;&nbsp;**Information Technology — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;374834 | &nbsp;&nbsp;Samsung Electronics Co. Ltd. | &nbsp;&nbsp; 16575767 |
|  | &nbsp;&nbsp;Total South Korea | &nbsp;&nbsp; 43388824 |
|  | &nbsp;&nbsp;**Taiwan — 4.4%** |  |
|  | &nbsp;&nbsp;**Information Technology — 4.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;181447 | &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. ADR | &nbsp;&nbsp; 41095931 |
|  | &nbsp;&nbsp;**India — 4.0%** |  |
|  | &nbsp;&nbsp;**Financials — 4.0%** |  |
| 1114534 | &nbsp;&nbsp;ICICI Bank Ltd. ADR | &nbsp;&nbsp; 37492924 |
|  | &nbsp;&nbsp;**Switzerland — 3.7%** |  |
|  | &nbsp;&nbsp;**Health Care — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19053 | &nbsp;&nbsp;Lonza Group AG | &nbsp;&nbsp; 13626010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32955 | &nbsp;&nbsp;Roche Holding AG | &nbsp;&nbsp; 10757167 |
|  | &nbsp;&nbsp;**Industrials — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;174648 | &nbsp;&nbsp;ABB Ltd. ADR | &nbsp;&nbsp; 10421246 |
|  | &nbsp;&nbsp;Total Switzerland | &nbsp;&nbsp; 34804423 |
|  | &nbsp;&nbsp;**Ireland — 3.4%** |  |
|  | &nbsp;&nbsp;**Industrials — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;276154 | &nbsp;&nbsp;AerCap Holdings NV | &nbsp;&nbsp; 32310018 |
|  | &nbsp;&nbsp;**Singapore — 3.3%** |  |
|  | &nbsp;&nbsp;**Financials — 3.3%** |  |
| 2447900 | &nbsp;&nbsp;Oversea-Chinese Banking Corp. Ltd. | &nbsp;&nbsp; 31390195 |
|  | &nbsp;&nbsp;**United States — 2.8%** |  |
|  | &nbsp;&nbsp;**Health Care — 1.8%** |  |
| 1637527 | &nbsp;&nbsp;Haleon PLC ADR | &nbsp;&nbsp; 16981155 |
|  | &nbsp;&nbsp;**Industrials — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35324 | &nbsp;&nbsp;Schneider Electric SE | &nbsp;&nbsp; 9483960 |
|  | &nbsp;&nbsp;Total United States | &nbsp;&nbsp; 26465115 |
|  | &nbsp;&nbsp;**Hong Kong — 2.3%** |  |
|  | &nbsp;&nbsp;**Financials — 2.3%** |  |
| 2405800 | &nbsp;&nbsp;AIA Group Ltd. | &nbsp;&nbsp; 21792804 |
|  | &nbsp;&nbsp;**Canada — 1.6%** |  |
|  | &nbsp;&nbsp;**Information Technology — 1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;134167 | &nbsp;&nbsp;Shopify, Inc. - Class A\* | &nbsp;&nbsp; 15476163 |

---

------

Touchstone Non-US Equity Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 98.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Italy — 1.0%** |  |
|  | &nbsp;&nbsp;**Financials — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;425494 | &nbsp;&nbsp;FinecoBank Banca Fineco SpA | $9438964 |
|  | &nbsp;&nbsp;**Denmark — 0.8%** |  |
|  | &nbsp;&nbsp;**Health Care — 0.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;114245 | &nbsp;&nbsp;Novo Nordisk A/S ADR | &nbsp;&nbsp; 7885190 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $930328628 |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 2.5%** |  |
| 24301511 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 24301511 |
|  | &nbsp;&nbsp;**Total Investment Securities — 100.8%<br> (Cost $704,543,007)** | $954630139 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (0.8)%** | &nbsp;&nbsp;&nbsp; (7943346) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $946686793 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of June 30, 2025.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ADR – American Depositary Receipt* |
| *PLC – Public Limited Company* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2025, these securities were valued at $11,459,993 or 1.2% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

*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:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Common Stocks* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Japan* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$162249151* | *$—* | *$162249151* |
| &nbsp;&nbsp;&nbsp;*United Kingdom* | &nbsp;&nbsp;&nbsp;&nbsp;*14642795* | &nbsp;&nbsp;&nbsp;&nbsp;*98914818* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*113557613* |
| &nbsp;&nbsp;&nbsp;*Sweden* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*91088631* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*91088631* |
| &nbsp;&nbsp;&nbsp;*France* | &nbsp;&nbsp;&nbsp;&nbsp;*13589352* | &nbsp;&nbsp;&nbsp;&nbsp;*67137567* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*80726919* |
| &nbsp;&nbsp;&nbsp;*Germany* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*66823426* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*66823426* |
| &nbsp;&nbsp;&nbsp;*Netherlands* | &nbsp;&nbsp;&nbsp;&nbsp;*47392686* | &nbsp;&nbsp;&nbsp;&nbsp;*11459993* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*58852679* |
| &nbsp;&nbsp;&nbsp;*China* | &nbsp;&nbsp;&nbsp;&nbsp;*55489658* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*55489658* |
| &nbsp;&nbsp;&nbsp;*South Korea* | &nbsp;&nbsp;&nbsp;&nbsp;*12478910* | &nbsp;&nbsp;&nbsp;&nbsp;*30909914* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*43388824* |
| &nbsp;&nbsp;&nbsp;*Taiwan* | &nbsp;&nbsp;&nbsp;&nbsp;*41095931* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*41095931* |
| &nbsp;&nbsp;&nbsp;*India* | &nbsp;&nbsp;&nbsp;&nbsp;*37492924* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*37492924* |
| &nbsp;&nbsp;&nbsp;*Switzerland* | &nbsp;&nbsp;&nbsp;&nbsp;*10421246* | &nbsp;&nbsp;&nbsp;&nbsp;*24383177* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*34804423* |
| &nbsp;&nbsp;&nbsp;*Ireland* | &nbsp;&nbsp;&nbsp;&nbsp;*32310018* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*32310018* |
| &nbsp;&nbsp;&nbsp;*Singapore* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*31390195* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*31390195* |
| &nbsp;&nbsp;&nbsp;*United States* | &nbsp;&nbsp;&nbsp;&nbsp;*16981155* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*9483960* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*26465115* |
| &nbsp;&nbsp;&nbsp;*Hong Kong* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*21792804* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*21792804* |
| &nbsp;&nbsp;&nbsp;*Canada* | &nbsp;&nbsp;&nbsp;&nbsp;*15476163* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*15476163* |
| &nbsp;&nbsp;&nbsp;*Italy* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*9438964* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*9438964* |
| &nbsp;&nbsp;&nbsp;*Denmark* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*7885190* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*7885190* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;*24301511* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*24301511* |
| *Total* | *$329557539* | *$625072600* | *$—* | *$954630139* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Sands Capital Emerging Markets Growth Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.8%** |  |
|  | &nbsp;&nbsp;**India — 24.5%** |  |
|  | &nbsp;&nbsp;**Consumer Discretionary — 3.5%** |  |
| 9964005 | &nbsp;&nbsp;Eternal Ltd.\* | $30687132 |
| &nbsp;&nbsp;&nbsp;&nbsp;859576 | &nbsp;&nbsp;Titan Co. Ltd. | &nbsp;&nbsp; 36994416 |
|  | &nbsp;&nbsp;**Consumer Staples — 2.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;759231 | &nbsp;&nbsp;Britannia Industries Ltd. | &nbsp;&nbsp; 51798748 |
|  | &nbsp;&nbsp;**Energy — 2.7%** |  |
| 2961816 | &nbsp;&nbsp;Reliance Industries Ltd. | &nbsp;&nbsp; 51841317 |
|  | &nbsp;&nbsp;**Financials — 12.0%** |  |
| 9910590 | &nbsp;&nbsp;Coforge Ltd. | &nbsp;&nbsp; 108237069 |
| 3791826 | &nbsp;&nbsp;HDFC Bank Ltd. | &nbsp;&nbsp; 88521931 |
| 3838937 | &nbsp;&nbsp;HDFC Life Insurance Co. Ltd., 144a | &nbsp;&nbsp; 36433006 |
|  | &nbsp;&nbsp;**Health Care — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;492989 | &nbsp;&nbsp;Apollo Hospitals Enterprise Ltd. | &nbsp;&nbsp; 41646353 |
|  | &nbsp;&nbsp;**Real Estate — 1.4%** |  |
| 1516985 | &nbsp;&nbsp;Phoenix Mills Ltd. (The) | &nbsp;&nbsp; 27637177 |
|  | &nbsp;&nbsp;Total India | &nbsp;&nbsp; 473797149 |
|  | &nbsp;&nbsp;**China — 20.7%** |  |
|  | &nbsp;&nbsp;**Communication Services — 5.1%** |  |
| 1542142 | &nbsp;&nbsp;Tencent Holdings Ltd. | &nbsp;&nbsp; 99368867 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 9.0%** |  |
| 5557723 | &nbsp;&nbsp;ANTA Sports Products Ltd. | &nbsp;&nbsp; 67247239 |
| 2132500 | &nbsp;&nbsp;BYD Co. Ltd. Class H | &nbsp;&nbsp; 33203096 |
| 9213210 | &nbsp;&nbsp;H World Group Ltd. | &nbsp;&nbsp; 31233860 |
| 12188000 | &nbsp;&nbsp;Haidilao International Holding Ltd., 144a | &nbsp;&nbsp; 23237236 |
| 1234700 | &nbsp;&nbsp;Meituan - Class B, 144a\* | &nbsp;&nbsp; 19861436 |
|  | &nbsp;&nbsp;**Consumer Staples — 1.4%** |  |
| 4869467 | &nbsp;&nbsp;Foshan Haitian Flavouring & Food Co. Ltd. - Class A | &nbsp;&nbsp; 26462772 |
|  | &nbsp;&nbsp;**Industrials — 2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;985394 | &nbsp;&nbsp;Contemporary Amperex Technology Co. Ltd. - Class A | &nbsp;&nbsp; 34737452 |
| 1849063 | &nbsp;&nbsp;Full Truck Alliance Co. Ltd. ADR | &nbsp;&nbsp; 21837434 |
|  | &nbsp;&nbsp;**Information Technology — 2.3%** |  |
| 5608400 | &nbsp;&nbsp;Xiaomi Corp. - Class B, 144a\* | &nbsp;&nbsp; 43171986 |
|  | &nbsp;&nbsp;Total China | &nbsp;&nbsp; 400361378 |
|  | &nbsp;&nbsp;**Taiwan — 13.9%** |  |
|  | &nbsp;&nbsp;**Information Technology — 13.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;202000 | &nbsp;&nbsp;ASPEED Technology, Inc. | &nbsp;&nbsp; 32850072 |
| &nbsp;&nbsp;&nbsp;&nbsp;448000 | &nbsp;&nbsp;MediaTek, Inc. | &nbsp;&nbsp; 19196201 |
| &nbsp;&nbsp;&nbsp;&nbsp;962534 | &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. ADR | &nbsp;&nbsp; 218004326 |
|  | &nbsp;&nbsp;Total Taiwan | &nbsp;&nbsp; 270050599 |
|  | &nbsp;&nbsp;**Brazil — 12.6%** |  |
|  | &nbsp;&nbsp;**Consumer Discretionary — 5.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41885 | &nbsp;&nbsp;MercadoLibre, Inc.\* | &nbsp;&nbsp; 109471893 |
|  | &nbsp;&nbsp;**Consumer Staples — 1.0%** |  |
| 7241703 | &nbsp;&nbsp;Raia Drogasil SA | &nbsp;&nbsp; 20193223 |
|  | &nbsp;&nbsp;**Financials — 3.4%** |  |
| 4841191 | &nbsp;&nbsp;NU Holdings Ltd. - Class A\* | &nbsp;&nbsp; 66421140 |
|  | &nbsp;&nbsp;**Industrials — 2.5%** |  |
| 3337698 | &nbsp;&nbsp;Localiza Rent a Car SA | &nbsp;&nbsp; 25058383 |
| 2986454 | &nbsp;&nbsp;WEG SA | &nbsp;&nbsp; 23493226 |
|  | &nbsp;&nbsp;Total Brazil | &nbsp;&nbsp; 244637865 |
|  | &nbsp;&nbsp;**Singapore — 6.2%** |  |
|  | &nbsp;&nbsp;**Communication Services — 4.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;596320 | &nbsp;&nbsp;Sea Ltd. ADR\* | &nbsp;&nbsp; 95375421 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.8% (Continued)** |  |
|  | &nbsp;&nbsp;**Singapore — (Continued)** |  |
|  | &nbsp;&nbsp;**Industrials — 1.3%** |  |
| 5020677 | &nbsp;&nbsp;Grab Holdings Ltd. - Class A\* | $25254005 |
|  | &nbsp;&nbsp;Total Singapore | &nbsp;&nbsp; 120629426 |
|  | &nbsp;&nbsp;**South Korea — 3.5%** |  |
|  | &nbsp;&nbsp;**Consumer Discretionary — 2.8%** |  |
| 1796128 | &nbsp;&nbsp;Coupang, Inc.\* | &nbsp;&nbsp; 53811995 |
|  | &nbsp;&nbsp;**Consumer Staples — 0.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66130 | &nbsp;&nbsp;Cosmax, Inc. | &nbsp;&nbsp; 13650890 |
|  | &nbsp;&nbsp;Total South Korea | &nbsp;&nbsp; 67462885 |
|  | &nbsp;&nbsp;**Hong Kong — 3.4%** |  |
|  | &nbsp;&nbsp;**Financials — 3.4%** |  |
| 7352331 | &nbsp;&nbsp;AIA Group Ltd. | &nbsp;&nbsp; 66600676 |
|  | &nbsp;&nbsp;**Indonesia — 3.1%** |  |
|  | &nbsp;&nbsp;**Financials — 3.1%** |  |
| 85531300 | &nbsp;&nbsp;Bank Central Asia Tbk PT | &nbsp;&nbsp; 45720557 |
| 64014600 | &nbsp;&nbsp;Bank Rakyat Indonesia Persero Tbk PT | &nbsp;&nbsp; 14759230 |
|  | &nbsp;&nbsp;Total Indonesia | &nbsp;&nbsp; 60479787 |
|  | &nbsp;&nbsp;**Poland — 2.6%** |  |
|  | &nbsp;&nbsp;**Consumer Staples — 2.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;349564 | &nbsp;&nbsp;Dino Polska SA, 144a\* | &nbsp;&nbsp; 51082682 |
|  | &nbsp;&nbsp;**Kazakhstan — 2.0%** |  |
|  | &nbsp;&nbsp;**Financials — 2.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;450059 | &nbsp;&nbsp;Kaspi.KZ JSC ADR | &nbsp;&nbsp; 38205509 |
|  | &nbsp;&nbsp;**Netherlands — 1.9%** |  |
|  | &nbsp;&nbsp;**Information Technology — 1.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44871 | &nbsp;&nbsp;ASML Holding NV | &nbsp;&nbsp; 35959171 |
|  | &nbsp;&nbsp;**Mexico — 1.4%** |  |
|  | &nbsp;&nbsp;**Consumer Staples — 1.4%** |  |
| 8093300 | &nbsp;&nbsp;Wal-Mart de Mexico SAB de CV | &nbsp;&nbsp; 26775670 |
|  | &nbsp;&nbsp;**Argentina — 1.1%** |  |
|  | &nbsp;&nbsp;**Information Technology — 1.1%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;232570 | &nbsp;&nbsp;Globant SA\* | &nbsp;&nbsp; 21126659 |
|  | &nbsp;&nbsp;**Vietnam — 1.0%** |  |
|  | &nbsp;&nbsp;**Information Technology — 1.0%** |  |
| 4251900 | &nbsp;&nbsp;FPT Corp. | &nbsp;&nbsp; 19236763 |
|  | &nbsp;&nbsp;**Philippines — 1.0%** |  |
|  | &nbsp;&nbsp;**Industrials — 1.0%** |  |
| 2620600 | &nbsp;&nbsp;International Container Terminal Services, Inc. | &nbsp;&nbsp; 19120657 |
|  | &nbsp;&nbsp;**Saudi Arabia — 0.9%** |  |
|  | &nbsp;&nbsp;**Financials — 0.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;716077 | &nbsp;&nbsp;Al Rajhi Bank | &nbsp;&nbsp; 18061506 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $1933588382 |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 1.3%** |  |
| 25979037 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | &nbsp;&nbsp; 25979037 |
|  | &nbsp;&nbsp;**Total Investment Securities — 101.1%<br> (Cost $1,309,615,221)** | $1959567419 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (1.1)%** | &nbsp;&nbsp;&nbsp; (21143623) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $1938423796 |

---

*\** *Non-income producing security.* 

------

Touchstone Sands Capital Emerging Markets Growth Fund (Unaudited) (Continued)

*∞* *Open-End Fund.* 

*Ω* *Represents the 7-Day SEC yield as of June 30, 2025.* 

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ADR – American Depositary Receipt* |
| *JSC – Joint Stock Company* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2025, these securities were valued at $173,786,346 or 9.0% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

*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:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** | ***Valuation inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| *Common Stocks* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*India* | *$51798748* | &nbsp;&nbsp;*$421998401* | *$—* | &nbsp;&nbsp;*$473797149* |
| &nbsp;&nbsp;&nbsp;*China* | &nbsp;&nbsp;&nbsp;&nbsp;*21837434* | &nbsp;&nbsp;&nbsp;&nbsp;*378523944* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*400361378* |
| &nbsp;&nbsp;&nbsp;*Taiwan* | &nbsp;&nbsp;&nbsp;*218004326* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*52046273* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*270050599* |
| &nbsp;&nbsp;&nbsp;*Brazil* | &nbsp;&nbsp;&nbsp;*244637865* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*244637865* |
| &nbsp;&nbsp;&nbsp;*Singapore* | &nbsp;&nbsp;&nbsp;*120629426* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*120629426* |
| &nbsp;&nbsp;&nbsp;*South Korea* | &nbsp;&nbsp;&nbsp;&nbsp;*53811995* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*13650890* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*67462885* |
| &nbsp;&nbsp;&nbsp;*Hong Kong* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*66600676* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*66600676* |
| &nbsp;&nbsp;&nbsp;*Indonesia* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*60479787* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*60479787* |
| &nbsp;&nbsp;&nbsp;*Poland* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*51082682* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*51082682* |
| &nbsp;&nbsp;&nbsp;*Kazakhstan* | &nbsp;&nbsp;&nbsp;&nbsp;*38205509* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*38205509* |
| &nbsp;&nbsp;&nbsp;*Netherlands* | &nbsp;&nbsp;&nbsp;&nbsp;*35959171* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*35959171* |
| &nbsp;&nbsp;&nbsp;*Mexico* | &nbsp;&nbsp;&nbsp;&nbsp;*26775670* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*26775670* |
| &nbsp;&nbsp;&nbsp;*Argentina* | &nbsp;&nbsp;&nbsp;&nbsp;*21126659* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*21126659* |
| &nbsp;&nbsp;&nbsp;*Vietnam* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*19236763* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*19236763* |
| &nbsp;&nbsp;&nbsp;*Philippines* | &nbsp;&nbsp;&nbsp;&nbsp;*19120657* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*19120657* |
| &nbsp;&nbsp;&nbsp;*Saudi Arabia* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*18061506* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*18061506* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;*25979037* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*25979037* |
| *Total* | *$877886497* | *$1081680922* | *$—* | *$1959567419* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Strategic Income Fund – June 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 51.0%** |  |
|  | &nbsp;&nbsp;**Financials — 10.3%** |  |
| $968000 | &nbsp;&nbsp;Allstate Corp. (The), Ser B, 7.526%, 8/15/53<sup>(A)(B)</sup> | $968405 |
| &nbsp;&nbsp; 1539000 | &nbsp;&nbsp;American Express Co., 5.043%, 7/26/28 | &nbsp;&nbsp; 1560003 |
| &nbsp;&nbsp; 1844000 | &nbsp;&nbsp;Ares Capital Corp., 5.875%, 3/1/29 | &nbsp;&nbsp; 1878042 |
| &nbsp;&nbsp; 1886000 | &nbsp;&nbsp;Bank of Nova Scotia (The) (Canada), 3.625%, 10/27/81 | &nbsp;&nbsp; 1764606 |
| &nbsp;&nbsp; 2596000 | &nbsp;&nbsp;Barclays PLC (United Kingdom), 2.894%, 11/24/32 | &nbsp;&nbsp; 2297087 |
| &nbsp;&nbsp; 699000 | &nbsp;&nbsp;Charles Schwab Corp. (The), Ser H, 4.000%<sup>(C)</sup> | &nbsp;&nbsp; 644949 |
| &nbsp;&nbsp; 946000 | &nbsp;&nbsp;Citigroup, Inc., Ser W, 4.000%<sup>(C)</sup> | &nbsp;&nbsp; 939542 |
| &nbsp;&nbsp; 1321000 | &nbsp;&nbsp;Citizens Financial Group, Inc., 5.841%, 1/23/30 | &nbsp;&nbsp; 1367120 |
| &nbsp;&nbsp; 722000 | &nbsp;&nbsp;Credit Acceptance Corp., 144a, 9.250%, 12/15/28 | &nbsp;&nbsp; 764284 |
| &nbsp;&nbsp; 135000 | &nbsp;&nbsp;Credit Acceptance Corp., 144a, 6.625%, 3/15/30 | &nbsp;&nbsp; 136963 |
| &nbsp;&nbsp; 918000 | &nbsp;&nbsp;Encore Capital Group, Inc., 144a, 8.500%, 5/15/30 | &nbsp;&nbsp; 984642 |
| &nbsp;&nbsp; 1194000 | &nbsp;&nbsp;First Maryland Capital II, (TSFR3M + 1.112%), 5.388%, 2/1/27<sup>(A)</sup> | &nbsp;&nbsp; 1170165 |
| &nbsp;&nbsp; 946000 | &nbsp;&nbsp;Freedom Mortgage Holdings LLC, 144a, 9.250%, 2/1/29 | &nbsp;&nbsp; 982591 |
| &nbsp;&nbsp; 1585000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 5.330%, 7/23/35 | &nbsp;&nbsp; 1598985 |
| &nbsp;&nbsp; 1884000 | &nbsp;&nbsp;Golub Capital BDC, Inc., 2.050%, 2/15/27 | &nbsp;&nbsp; 1796603 |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;Jefferies Finance LLC / JFIN Co-Issuer Corp., 144a, 6.625%, 10/15/31 | &nbsp;&nbsp; 966477 |
| &nbsp;&nbsp; 2186000 | &nbsp;&nbsp;Morgan Stanley, 2.484%, 9/16/36 | &nbsp;&nbsp; 1856945 |
| &nbsp;&nbsp; 965000 | &nbsp;&nbsp;Nationstar Mortgage Holdings, Inc., 144a, 6.500%, 8/1/29 | &nbsp;&nbsp; 985703 |
| &nbsp;&nbsp; 1318000 | &nbsp;&nbsp;PNC Capital Trust, (TSFR3M + 0.832%), 5.161%, 6/1/28<sup>(A)</sup> | &nbsp;&nbsp; 1298590 |
| &nbsp;&nbsp; 1744000 | &nbsp;&nbsp;Sixth Street Specialty Lending, Inc., 2.500%, 8/1/26 | &nbsp;&nbsp; 1701708 |
| &nbsp;&nbsp; 2255000 | &nbsp;&nbsp;State Street Corp., (TSFR3M + 1.262%), 5.580%, 6/15/47<sup>(A)</sup> | &nbsp;&nbsp; 1979538 |
| &nbsp;&nbsp; 2337000 | &nbsp;&nbsp;Truist Financial Corp., Ser A, (TSFR3M + 0.932%), 5.258%, 5/15/27<sup>(A)</sup> | &nbsp;&nbsp; 2307806 |
|  |  | &nbsp;&nbsp; 29950754 |
|  | &nbsp;&nbsp;**Energy — 8.8%** |  |
| &nbsp;&nbsp; 790000 | &nbsp;&nbsp;3R Lux Sarl (Brazil), 144a, 9.750%, 2/5/31 | &nbsp;&nbsp; 799646 |
| &nbsp;&nbsp; 1595000 | &nbsp;&nbsp;Aker BP ASA (Norway), 144a, 5.125%, 10/1/34 | &nbsp;&nbsp; 1531657 |
| &nbsp;&nbsp; 64859 | &nbsp;&nbsp;Atlas Energy Note, 7.000%, 1/31/26<sup>(D)</sup> | &nbsp;&nbsp; 64859 |
| &nbsp;&nbsp; 1420000 | &nbsp;&nbsp;Cheniere Energy Partners LP, 3.250%, 1/31/32 | &nbsp;&nbsp; 1272972 |
| &nbsp;&nbsp; 630000 | &nbsp;&nbsp;Ecopetrol SA (Colombia), 8.625%, 1/19/29 | &nbsp;&nbsp; 665816 |
| &nbsp;&nbsp; 1516000 | &nbsp;&nbsp;Enbridge, Inc. (Canada), Ser 20-A, 5.750%, 7/15/80 | &nbsp;&nbsp; 1511757 |
| &nbsp;&nbsp; 895000 | &nbsp;&nbsp;Energy Transfer LP, (TSFR3M + 3.279%), 7.555%, 11/1/66<sup>(A)</sup> | &nbsp;&nbsp; 891125 |
| &nbsp;&nbsp; 1839000 | &nbsp;&nbsp;HF Sinclair Corp., 5.000%, 2/1/28 | &nbsp;&nbsp; 1839480 |
| &nbsp;&nbsp; 263000 | &nbsp;&nbsp;Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 5.750%, 2/1/29 | &nbsp;&nbsp; 259611 |
| &nbsp;&nbsp; 766000 | &nbsp;&nbsp;Hilcorp Energy I LP / Hilcorp Finance Co., 144a, 6.000%, 2/1/31 | &nbsp;&nbsp; 738826 |
| &nbsp;&nbsp; 760782 | &nbsp;&nbsp;MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | &nbsp;&nbsp; 600561 |
| &nbsp;&nbsp; 405000 | &nbsp;&nbsp;Mesquite Energy, Inc., 7.250%, 7/15/25 | &nbsp;&nbsp; 4050 |
| &nbsp;&nbsp; 2133000 | &nbsp;&nbsp;Midwest Connector Capital Co. LLC, 144a, 4.625%, 4/1/29 | &nbsp;&nbsp; 2114420 |
| &nbsp;&nbsp; 1488000 | &nbsp;&nbsp;NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | &nbsp;&nbsp; 1698309 |
| &nbsp;&nbsp; 795000 | &nbsp;&nbsp;OHI Group SA (Brazil), 144a, 13.000%, 7/22/29 | &nbsp;&nbsp; 833756 |
| &nbsp;&nbsp; 1128000 | &nbsp;&nbsp;Ovintiv, Inc., 7.200%, 11/1/31 | &nbsp;&nbsp; 1218474 |
| &nbsp;&nbsp; 1386000 | &nbsp;&nbsp;Parkland Corp. (Canada), 144a, 4.500%, 10/1/29 | &nbsp;&nbsp; 1332504 |
| &nbsp;&nbsp; 350000 | &nbsp;&nbsp;Petroleos Mexicanos (Mexico), 6.375%, 1/23/45 | &nbsp;&nbsp; 247689 |
| &nbsp;&nbsp; 950000 | &nbsp;&nbsp;Petroleos Mexicanos (Mexico), 6.625%, 6/15/35 | &nbsp;&nbsp; 797366 |
| &nbsp;&nbsp; 904000 | &nbsp;&nbsp;Plains All American Pipeline LP, (TSFR3M + 4.372%), 8.698%<sup>(A)(C)</sup> | &nbsp;&nbsp; 905911 |
| &nbsp;&nbsp; 865000 | &nbsp;&nbsp;Pluspetrol SA (Argentina), 144a, 8.500%, 5/30/32 | &nbsp;&nbsp; 877975 |
| &nbsp;&nbsp; 669000 | &nbsp;&nbsp;Precision Drilling Corp. (Canada), 144a, 6.875%, 1/15/29 | &nbsp;&nbsp; 660743 |
| &nbsp;&nbsp; 2426000 | &nbsp;&nbsp;Sempra Infrastructure Partners LP, 144a, 3.250%, 1/15/32 | &nbsp;&nbsp; 2067282 |
| &nbsp;&nbsp; 1034000 | &nbsp;&nbsp;SM Energy Co., 144a, 7.000%, 8/1/32 | &nbsp;&nbsp; 1018847 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 51.0% (Continued)** |  |
|  | &nbsp;&nbsp;**Energy — 8.8% (Continued)** |  |
| $929000 | &nbsp;&nbsp;Valaris Ltd., 144a, 8.375%, 4/30/30 | $953158 |
| &nbsp;&nbsp; 676000 | &nbsp;&nbsp;Venture Global LNG, Inc., 144a, 7.000%, 1/15/30 | &nbsp;&nbsp; 683032 |
|  |  | &nbsp;&nbsp; 25589826 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 6.9%** |  |
| &nbsp;&nbsp; 440000 | &nbsp;&nbsp;Beazer Homes USA, Inc., 7.250%, 10/15/29 | &nbsp;&nbsp; 444026 |
| &nbsp;&nbsp; 1119000 | &nbsp;&nbsp;Carriage Services, Inc., 144a, 4.250%, 5/15/29 | &nbsp;&nbsp; 1057322 |
| &nbsp;&nbsp; 1152000 | &nbsp;&nbsp;Cimpress PLC (Ireland), 144a, 7.375%, 9/15/32 | &nbsp;&nbsp; 1099917 |
| &nbsp;&nbsp; 2039000 | &nbsp;&nbsp;Delta Air Lines, Inc. / SkyMiles IP Ltd., 144a, 4.750%, 10/20/28 | &nbsp;&nbsp; 2043479 |
| &nbsp;&nbsp; 1802000 | &nbsp;&nbsp;Ford Motor Credit Co. LLC, 6.050%, 3/5/31 | &nbsp;&nbsp; 1797797 |
| &nbsp;&nbsp; 2679000 | &nbsp;&nbsp;General Motors Financial Co., Inc., 3.100%, 1/12/32 | &nbsp;&nbsp; 2354137 |
| &nbsp;&nbsp; 931000 | &nbsp;&nbsp;Group 1 Automotive, Inc., 144a, 4.000%, 8/15/28 | &nbsp;&nbsp; 898533 |
| &nbsp;&nbsp; 1726000 | &nbsp;&nbsp;Mattel, Inc., 5.450%, 11/1/41 | &nbsp;&nbsp; 1534999 |
| &nbsp;&nbsp; 1445000 | &nbsp;&nbsp;Meritage Homes Corp., 144a, 3.875%, 4/15/29 | &nbsp;&nbsp; 1392299 |
| &nbsp;&nbsp; 1326000 | &nbsp;&nbsp;Michaels Cos., Inc. (The), 144a, 5.250%, 5/1/28 | &nbsp;&nbsp; 1067206 |
| &nbsp;&nbsp; 1147000 | &nbsp;&nbsp;Speedway Motorsports LLC / Speedway Funding II, Inc., 144a, 4.875%, 11/1/27 | &nbsp;&nbsp; 1138398 |
| &nbsp;&nbsp; 2145000 | &nbsp;&nbsp;Toll Brothers Finance Corp., 3.800%, 11/1/29 | &nbsp;&nbsp; 2081488 |
| &nbsp;&nbsp; 2236000 | &nbsp;&nbsp;United Airlines, Inc., 144a, 4.625%, 4/15/29 | &nbsp;&nbsp; 2170413 |
| &nbsp;&nbsp; 1061000 | &nbsp;&nbsp;Wynn Macau Ltd. (Macao), 144a, 5.625%, 8/26/28 | &nbsp;&nbsp; 1043057 |
|  |  | &nbsp;&nbsp; 20123071 |
|  | &nbsp;&nbsp;**Industrials — 6.6%** |  |
| &nbsp;&nbsp; 1860000 | &nbsp;&nbsp;Amcor Flexibles North America, Inc., 144a, 5.100%, 3/17/30 | &nbsp;&nbsp; 1891061 |
| &nbsp;&nbsp; 786000 | &nbsp;&nbsp;Amsted Industries, Inc., 144a, 4.625%, 5/15/30 | &nbsp;&nbsp; 756639 |
| &nbsp;&nbsp; 1840000 | &nbsp;&nbsp;Canadian Pacific Railway Co. (Canada), 2.450%, 12/2/31 | &nbsp;&nbsp; 1614747 |
| &nbsp;&nbsp; 1873000 | &nbsp;&nbsp;Element Fleet Management Corp. (Canada), 144a, 5.037%, 3/25/30 | &nbsp;&nbsp; 1888863 |
| &nbsp;&nbsp; 950000 | &nbsp;&nbsp;Limak Cimento Sanayi ve Ticaret AS (Turkey), 9.750%, 7/25/29 | &nbsp;&nbsp; 950608 |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;Manitowoc Co., Inc. (The), 144a, 9.250%, 10/1/31 | &nbsp;&nbsp; 1020865 |
| &nbsp;&nbsp; 1598000 | &nbsp;&nbsp;Molex Electronic Technologies LLC, 144a, 5.250%, 4/30/32 | &nbsp;&nbsp; 1621520 |
| &nbsp;&nbsp; 953000 | &nbsp;&nbsp;Owens-Brockway Glass Container, Inc., 144a, 7.250%, 5/15/31 | &nbsp;&nbsp; 976590 |
| &nbsp;&nbsp; 491000 | &nbsp;&nbsp;Quikrete Holdings, Inc., 144a, 6.750%, 3/1/33 | &nbsp;&nbsp; 506639 |
| &nbsp;&nbsp; 1069000 | &nbsp;&nbsp;Stanley Black & Decker, Inc., 6.707%, 3/15/60 | &nbsp;&nbsp; 1042751 |
| &nbsp;&nbsp; 928000 | &nbsp;&nbsp;Stonepeak Nile Parent LLC, 144a, 7.250%, 3/15/32 | &nbsp;&nbsp; 983817 |
| &nbsp;&nbsp; 1757000 | &nbsp;&nbsp;Textron Financial Corp., 144a, (TSFR3M + 1.997%), 6.323%, 2/15/42<sup>(A)</sup> | &nbsp;&nbsp; 1580604 |
| &nbsp;&nbsp; 2140000 | &nbsp;&nbsp;Timken Co. (The), 4.500%, 12/15/28 | &nbsp;&nbsp; 2144030 |
| &nbsp;&nbsp; 975000 | &nbsp;&nbsp;TK Elevator US Newco, Inc. (Germany), 144a, 5.250%, 7/15/27 | &nbsp;&nbsp; 974057 |
| &nbsp;&nbsp; 1069000 | &nbsp;&nbsp;TransDigm, Inc., 144a, 6.375%, 3/1/29 | &nbsp;&nbsp; 1095606 |
|  |  | &nbsp;&nbsp; 19048397 |
|  | &nbsp;&nbsp;**Information Technology — 3.7%** |  |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;Central Parent, Inc. / CDK Global, Inc., 144a, 7.250%, 6/15/29 | &nbsp;&nbsp; 788782 |
| &nbsp;&nbsp; 1370000 | &nbsp;&nbsp;Consensus Cloud Solutions, Inc., 144a, 6.000%, 10/15/26 | &nbsp;&nbsp; 1363150 |
| &nbsp;&nbsp; 1292000 | &nbsp;&nbsp;Dell International LLC / EMC Corp., 4.850%, 2/1/35 | &nbsp;&nbsp; 1247110 |
| &nbsp;&nbsp; 1719000 | &nbsp;&nbsp;Marvell Technology, Inc., 5.750%, 2/15/29 | &nbsp;&nbsp; 1787931 |
| &nbsp;&nbsp; 1746000 | &nbsp;&nbsp;Micron Technology, Inc., 2.703%, 4/15/32 | &nbsp;&nbsp; 1518943 |
| &nbsp;&nbsp; 772000 | &nbsp;&nbsp;Micron Technology, Inc., 6.750%, 11/1/29 | &nbsp;&nbsp; 834235 |
| &nbsp;&nbsp; 1595000 | &nbsp;&nbsp;Paychex, Inc., 5.600%, 4/15/35 | &nbsp;&nbsp; 1649071 |
| &nbsp;&nbsp; 1453000 | &nbsp;&nbsp;Xerox Holdings Corp., 144a, 5.000%, 8/15/25 | &nbsp;&nbsp; 1445379 |
|  |  | &nbsp;&nbsp; 10634601 |
|  | &nbsp;&nbsp;**Utilities — 3.4%** |  |
| &nbsp;&nbsp; 743000 | &nbsp;&nbsp;Calpine Corp., 144a, 5.000%, 2/1/31 | &nbsp;&nbsp; 735001 |
| &nbsp;&nbsp; 2155000 | &nbsp;&nbsp;CMS Energy Corp., 4.750%, 6/1/50 | &nbsp;&nbsp; 2094251 |

---

------

Touchstone Strategic Income Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 51.0% (Continued)** |  |
|  | &nbsp;&nbsp;**Utilities — 3.4% (Continued)** |  |
| $1522000 | &nbsp;&nbsp;Edison International, 4.125%, 3/15/28 | $1469046 |
| &nbsp;&nbsp; 1210000 | &nbsp;&nbsp;Edison International, 7.875%, 6/15/54 | &nbsp;&nbsp; 1147511 |
| &nbsp;&nbsp; 1215000 | &nbsp;&nbsp;Electricite de France SA (France), 144a, 4.875%, 9/21/38 | &nbsp;&nbsp; 1119226 |
| &nbsp;&nbsp; 800000 | &nbsp;&nbsp;Eskom Holdings SOC Ltd. (South Africa), 144a, 8.450%, 8/10/28 | &nbsp;&nbsp; 840620 |
| &nbsp;&nbsp; 1716000 | &nbsp;&nbsp;National Rural Utilities Cooperative Finance Corp., 5.250%, 4/20/46 | &nbsp;&nbsp; 1702765 |
| &nbsp;&nbsp; 868824 | &nbsp;&nbsp;Sorik Marapi Geothermal Power PT (Indonesia), 144a, 7.750%, 8/5/31 | &nbsp;&nbsp; 870399 |
|  |  | &nbsp;&nbsp; 9978819 |
|  | &nbsp;&nbsp;**Consumer Staples — 3.4%** |  |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 144a, 8.250%, 1/15/30 | &nbsp;&nbsp; 1012438 |
| &nbsp;&nbsp; 1115000 | &nbsp;&nbsp;Bacardi Ltd. / Bacardi-Martini BV (Bermuda), 144a, 5.400%, 6/15/33 | &nbsp;&nbsp; 1109547 |
| &nbsp;&nbsp; 903000 | &nbsp;&nbsp;Herc Holdings, Inc., 144a, 7.000%, 6/15/30 | &nbsp;&nbsp; 942682 |
| &nbsp;&nbsp; 1739000 | &nbsp;&nbsp;Mars, Inc., 144a, 5.000%, 3/1/32 | &nbsp;&nbsp; 1762834 |
| &nbsp;&nbsp; 1137000 | &nbsp;&nbsp;PetSmart, Inc. / PetSmart Finance Corp., 144a, 7.750%, 2/15/29 | &nbsp;&nbsp; 1104435 |
| &nbsp;&nbsp; 1812000 | &nbsp;&nbsp;Philip Morris International, Inc., 5.375%, 2/15/33 | &nbsp;&nbsp; 1872252 |
| &nbsp;&nbsp; 943000 | &nbsp;&nbsp;Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed, 144a, 4.625%, 3/1/29 | &nbsp;&nbsp; 890442 |
| &nbsp;&nbsp; 1023000 | &nbsp;&nbsp;Turning Point Brands, Inc., 144a, 7.625%, 3/15/32 | &nbsp;&nbsp; 1071073 |
|  |  | &nbsp;&nbsp; 9765703 |
|  | &nbsp;&nbsp;**Real Estate — 2.5%** |  |
| &nbsp;&nbsp; 1143000 | &nbsp;&nbsp;RHP Hotel Properties LP / RHP Finance Corp. REIT, 144a, 4.500%, 2/15/29 | &nbsp;&nbsp; 1117149 |
| &nbsp;&nbsp; 1172000 | &nbsp;&nbsp;Sabra Health Care LP REIT, 3.900%, 10/15/29 | &nbsp;&nbsp; 1114762 |
| &nbsp;&nbsp; 2724000 | &nbsp;&nbsp;Store Capital LLC REIT, 2.750%, 11/18/30 | &nbsp;&nbsp; 2399875 |
| &nbsp;&nbsp; 1518000 | &nbsp;&nbsp;VICI Properties LP / VICI Note Co., Inc. REIT, 144a, 4.625%, 12/1/29 | &nbsp;&nbsp; 1491103 |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;XHR LP REIT, 144a, 6.625%, 5/15/30 | &nbsp;&nbsp; 988283 |
|  |  | &nbsp;&nbsp; 7111172 |
|  | &nbsp;&nbsp;**Materials — 1.9%** |  |
| &nbsp;&nbsp; 923000 | &nbsp;&nbsp;Braskem Netherlands Finance BV (Brazil), 144a, 7.250%, 2/13/33 | &nbsp;&nbsp; 731246 |
| &nbsp;&nbsp; 1111000 | &nbsp;&nbsp;LYB International Finance III LLC, 6.150%, 5/15/35 | &nbsp;&nbsp; 1153229 |
| &nbsp;&nbsp; 970000 | &nbsp;&nbsp;Novelis Corp., 144a, 6.875%, 1/30/30 | &nbsp;&nbsp; 1004455 |
| &nbsp;&nbsp; 1853000 | &nbsp;&nbsp;Rio Tinto Finance USA PLC (Australia), (SOFR + 0.840%), 5.239%, 3/14/28<sup>(A)</sup> | &nbsp;&nbsp; 1863569 |
| &nbsp;&nbsp; 794000 | &nbsp;&nbsp;Vedanta Resources Finance II PLC (India), 144a, 9.475%, 7/24/30 | &nbsp;&nbsp; 787519 |
|  |  | &nbsp;&nbsp; 5540018 |
|  | &nbsp;&nbsp;**Communication Services — 1.9%** |  |
| &nbsp;&nbsp; 2230000 | &nbsp;&nbsp;CCO Holdings LLC / CCO Holdings Capital Corp., 144a, 4.250%, 2/1/31 | &nbsp;&nbsp; 2082913 |
| &nbsp;&nbsp; 716000 | &nbsp;&nbsp;CSC Holdings LLC, 144a, 4.625%, 12/1/30 | &nbsp;&nbsp; 333474 |
| &nbsp;&nbsp; 728000 | &nbsp;&nbsp;Gray Media, Inc., 144a, 5.375%, 11/15/31 | &nbsp;&nbsp; 542559 |
| &nbsp;&nbsp; 1240000 | &nbsp;&nbsp;Stagwell Global LLC, 144a, 5.625%, 8/15/29 | &nbsp;&nbsp; 1185944 |
| &nbsp;&nbsp; 1336000 | &nbsp;&nbsp;Videotron Ltd. (Canada), 144a, 3.625%, 6/15/29 | &nbsp;&nbsp; 1277229 |
|  |  | &nbsp;&nbsp; 5422119 |
|  | &nbsp;&nbsp;**Health Care — 1.6%** |  |
| &nbsp;&nbsp; 995000 | &nbsp;&nbsp;Biocon Biologics Global PLC (India), 144a, 6.670%, 10/9/29 | &nbsp;&nbsp; 945302 |
| &nbsp;&nbsp; 1771000 | &nbsp;&nbsp;HCA, Inc., 5.450%, 4/1/31 | &nbsp;&nbsp; 1822801 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 51.0% (Continued)** |  |
|  | &nbsp;&nbsp;**Health Care — 1.6% (Continued)** |  |
| $338000 | &nbsp;&nbsp;Herbalife Nutrition Ltd. / HLF Financing, Inc., 144a, 7.875%, 9/1/25 | $338091 |
| &nbsp;&nbsp; 1476000 | &nbsp;&nbsp;Pediatrix Medical Group, Inc., 144a, 5.375%, 2/15/30 | &nbsp;&nbsp; 1457307 |
|  |  | &nbsp;&nbsp; 4563501 |
|  | &nbsp;&nbsp;**Total Corporate Bonds** | $147727981 |
|  | &nbsp;&nbsp;**U.S. Treasury Obligations — 19.8%** | &nbsp;&nbsp;**U.S. Treasury Obligations — 19.8%** |
| &nbsp;&nbsp; 6185000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.250%, 8/15/54 | &nbsp;&nbsp; 5656859 |
| &nbsp;&nbsp; 250000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.500%, 11/15/54 | &nbsp;&nbsp; 238633 |
| &nbsp;&nbsp; 9625000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.625%, 2/15/55 | &nbsp;&nbsp; 9384375 |
| &nbsp;&nbsp;11611000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.750%, 11/15/43 | &nbsp;&nbsp; 11611907 |
| &nbsp;&nbsp;10055000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.750%, 2/15/45 | &nbsp;&nbsp; 10012580 |
| &nbsp;&nbsp; 8920000 | &nbsp;&nbsp;U.S. Treasury Note, 4.000%, 5/31/30 | &nbsp;&nbsp; 9005019 |
| &nbsp;&nbsp; 4845000 | &nbsp;&nbsp;U.S. Treasury Note, 4.250%, 11/15/34 | &nbsp;&nbsp; 4861655 |
| &nbsp;&nbsp; 6355000 | &nbsp;&nbsp;U.S. Treasury Note, 4.625%, 2/15/35 | &nbsp;&nbsp; 6558558 |
|  | &nbsp;&nbsp;**Total U.S. Treasury Obligations** | &nbsp;&nbsp; $57329586 |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 12.1%** | &nbsp;&nbsp;**Asset-Backed Securities — 12.1%** |
| &nbsp;&nbsp; 2475725 | &nbsp;&nbsp;AB Issuer LLC, Ser 2021-1, Class A2, 144a, 3.734%, 7/30/51 | &nbsp;&nbsp; 2314991 |
| &nbsp;&nbsp; 2100000 | &nbsp;&nbsp;Apex Credit CLO LLC (Cayman Islands), Ser 2020-2A, Class B, 144a, (TSFR3M + 2.962%), 7.241%, 4/17/33<sup>(A)</sup> | &nbsp;&nbsp; 2102785 |
| &nbsp;&nbsp; 1488750 | &nbsp;&nbsp;Driven Brands Funding LLC, Ser 2024-1A, Class A2, 144a, 6.372%, 10/20/54 | &nbsp;&nbsp; 1540651 |
| &nbsp;&nbsp; 1600000 | &nbsp;&nbsp;Dryden Senior Loan Fund (Cayman Islands), Ser 2016-45A, Class BRR, 144a, (TSFR3M + 1.650%), 5.906%, 10/15/30<sup>(A)</sup> | &nbsp;&nbsp; 1600514 |
| &nbsp;&nbsp; 1600000 | &nbsp;&nbsp;Galaxy XXII CLO Ltd. (Cayman Islands), Ser 2016-22A, Class BRRR, 144a, (TSFR3M + 1.650%), 5.911%, 4/16/34<sup>(A)</sup> | &nbsp;&nbsp; 1593587 |
| &nbsp;&nbsp; 1600000 | &nbsp;&nbsp;Galaxy XXII CLO Ltd. (Cayman Islands), Ser 2016-22A, Class DRRR, 144a, (TSFR3M + 3.250%), 7.511%, 4/16/34<sup>(A)</sup> | &nbsp;&nbsp; 1601146 |
| &nbsp;&nbsp; 2592000 | &nbsp;&nbsp;Hardee's Funding LLC, Ser 2021-1A, Class A2, 144a, 2.865%, 6/20/51 | &nbsp;&nbsp; 2362764 |
| &nbsp;&nbsp; 935000 | &nbsp;&nbsp;Jack in the Box Funding LLC, Ser 2022-1A, Class A2II, 144a, 4.136%, 2/26/52 | &nbsp;&nbsp; 832519 |
| &nbsp;&nbsp; 1621125 | &nbsp;&nbsp;NBC Funding LLC, Ser 2021-1, Class A2, 144a, 2.989%, 7/30/51 | &nbsp;&nbsp; 1570211 |
| &nbsp;&nbsp; 2496000 | &nbsp;&nbsp;Neighborly Issuer LLC, Ser 2021-1A, Class A2, 144a, 3.584%, 4/30/51 | &nbsp;&nbsp; 2333892 |
| &nbsp;&nbsp; 1700000 | &nbsp;&nbsp;Neuberger Berman Loan Advisers CLO 36 Ltd. (Cayman Islands), Ser 2020-36A, Class BR2, 144a, (TSFR3M + 1.800%), 6.069%, 4/20/33<sup>(A)</sup> | &nbsp;&nbsp; 1701443 |
| &nbsp;&nbsp; 2300000 | &nbsp;&nbsp;Octagon Investment Partners 39 Ltd. (Cayman Islands), Ser 2018-3A, Class BR, 144a, (TSFR3M + 1.800%), 6.069%, 10/20/30<sup>(A)</sup> | &nbsp;&nbsp; 2304641 |
| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;Octagon Investment Partners XVI Ltd. (Cayman Islands), Ser 2013-1A, Class BR, 144a, (TSFR3M + 1.862%), 6.141%, 7/17/30<sup>(A)</sup> | &nbsp;&nbsp; 1000895 |
| &nbsp;&nbsp; 1170000 | &nbsp;&nbsp;Oxford Finance Credit Fund III LP, Ser 2024-A, Class B, 144a, 7.548%, 1/14/32 | &nbsp;&nbsp; 1180803 |
| &nbsp;&nbsp; 510000 | &nbsp;&nbsp;Oxford Finance Credit Fund III LP, Ser 2025-A, Class B, 144a, 7.194%, 8/14/34 | &nbsp;&nbsp; 510000 |
| &nbsp;&nbsp; 2250000 | &nbsp;&nbsp;Palmer Square CLO, Ltd. (Cayman Islands), Ser 2021-4A, Class D, 144a, (TSFR3M + 3.212%), 7.468%, 10/15/34<sup>(A)</sup> | &nbsp;&nbsp; 2250000 |
| &nbsp;&nbsp; 2020000 | &nbsp;&nbsp;Palmer Square Loan Funding Ltd. (Cayman Islands), Ser 2025-2A, Class C, 144a, (TSFR3M + 2.500%), 0.010%, 7/15/33<sup>(A)</sup> | &nbsp;&nbsp; 2020000 |
| &nbsp;&nbsp; 2228163 | &nbsp;&nbsp;Planet Fitness Master Issuer LLC, Ser 2024-1A, Class A2II, 144a, 6.237%, 6/5/54 | &nbsp;&nbsp; 2264024 |

---

------

Touchstone Strategic Income Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 12.1% (Continued)** | &nbsp;&nbsp;**Asset-Backed Securities — 12.1% (Continued)** |
| $2462625 | &nbsp;&nbsp;TSC SPV Funding LLC, Ser 2024-1A, Class A2, 144a, 6.291%, 8/20/54 | $2430046 |
| &nbsp;&nbsp; 1636250 | &nbsp;&nbsp;Zaxbys Funding LLC, Ser 2021-1A, Class A2, 144a, 3.238%, 7/30/51 | &nbsp;&nbsp; 1511992 |
|  | &nbsp;&nbsp;**Total Asset-Backed Securities** | &nbsp;&nbsp; $35026904 |
|  | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 6.8%** | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 6.8%** |
| &nbsp;&nbsp; 835000 | &nbsp;&nbsp;BBCMS Mortgage Trust, Ser 2024-5C27, Class AS, 6.410%, 7/15/57<sup>(A)(B)</sup> | &nbsp;&nbsp; 876123 |
| &nbsp;&nbsp; 2325000 | &nbsp;&nbsp;Benchmark Mortgage Trust, Ser 2018-B5, Class AS, 4.419%, 7/15/51 | &nbsp;&nbsp; 2241466 |
| &nbsp;&nbsp;21002253 | &nbsp;&nbsp;Benchmark Mortgage Trust, Ser 2024-V5, Class XA, 1.298%, 1/10/57<sup>(A)(B)(E)</sup> | &nbsp;&nbsp; 694857 |
| &nbsp;&nbsp; 2735000 | &nbsp;&nbsp;BX Trust, Ser 2019-OC11, Class E, 144a, 4.075%, 12/9/41<sup>(A)(B)</sup> | &nbsp;&nbsp; 2506863 |
| &nbsp;&nbsp; 2750000 | &nbsp;&nbsp;CGMS Commercial Mortgage Trust, Ser 2017-B1, Class D, 144a, 3.000%, 8/15/50 | &nbsp;&nbsp; 2307061 |
| &nbsp;&nbsp; 1800000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2016-C2, Class C, 4.031%, 8/10/49<sup>(A)(B)</sup> | &nbsp;&nbsp; 1697252 |
| &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2016-P5, Class B, 3.698%, 10/10/49<sup>(A)(B)</sup> | &nbsp;&nbsp; 908439 |
| &nbsp;&nbsp; 485000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2017-P8, Class AS, 3.789%, 9/15/50<sup>(A)(B)</sup> | &nbsp;&nbsp; 465039 |
| &nbsp;&nbsp; 905000 | &nbsp;&nbsp;CSAIL Commercial Mortgage Trust, Ser 2016-C6, Class B, 3.924%, 1/15/49<sup>(A)(B)</sup> | &nbsp;&nbsp; 864265 |
| &nbsp;&nbsp; 1850000 | &nbsp;&nbsp;CSAIL Commercial Mortgage Trust, Ser 2016-C6, Class C, 5.080%, 1/15/49<sup>(A)(B)</sup> | &nbsp;&nbsp; 1681627 |
| &nbsp;&nbsp; 1199000 | &nbsp;&nbsp;CSMC, Ser 2017-TIME, Class A, 144a, 3.646%, 11/13/39 | &nbsp;&nbsp; 1129301 |
| &nbsp;&nbsp; 825000 | &nbsp;&nbsp;JPMBB Commercial Mortgage Securities Trust, Ser 2014-C25, Class AS, 4.065%, 11/15/47 | &nbsp;&nbsp; 794822 |
| &nbsp;&nbsp; 572966 | &nbsp;&nbsp;JPMBB Commercial Mortgage Securities Trust, Ser 2015-C28, Class B, 3.986%, 10/15/48 | &nbsp;&nbsp; 568313 |
| &nbsp;&nbsp; 1865000 | &nbsp;&nbsp;KSL Commercial Mortgage Trust, Ser 2024-HT2, Class C, 144a, (TSFR1M + 2.341%), 6.653%, 12/15/39<sup>(A)</sup> | &nbsp;&nbsp; 1859172 |
| &nbsp;&nbsp; 540000 | &nbsp;&nbsp;UBS Commercial Mortgage Trust, Ser 2017-C1, Class AS, 3.724%, 6/15/50 | &nbsp;&nbsp; 523693 |
| &nbsp;&nbsp; 620000 | &nbsp;&nbsp;Wells Fargo Commercial Mortgage Trust, Ser 2015-P2, Class AS, 4.013%, 12/15/48 | &nbsp;&nbsp; 615959 |
|  | &nbsp;&nbsp;**Total Commercial Mortgage-Backed Securities** | &nbsp;&nbsp; $19734252 |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.7%** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.7%** |
| &nbsp;&nbsp; 1372223 | &nbsp;&nbsp;BRAVO Residential Funding Trust, Ser 2024-NQM8, Class A1A, 144a, 4.300%, 8/1/53<sup>(A)(B)</sup> | &nbsp;&nbsp; 1360600 |
| &nbsp;&nbsp; 2357440 | &nbsp;&nbsp;Chase Home Lending Mortgage Trust, Ser 2024-RPL4, Class A1B, 144a, 3.375%, 12/25/64<sup>(A)(B)</sup> | &nbsp;&nbsp; 2075078 |
| &nbsp;&nbsp; 1137817 | &nbsp;&nbsp;COLT Mortgage Loan Trust, Ser 2022-6, Class A1, 144a, 4.650%, 6/27/67<sup>(A)(B)</sup> | &nbsp;&nbsp; 1133425 |
| &nbsp;&nbsp; 1049765 | &nbsp;&nbsp;GS Mortgage-Backed Securities Trust, Ser 2021-MM1, Class A6, 144a, 2.500%, 4/25/52<sup>(A)(B)</sup> | &nbsp;&nbsp; 925200 |
| &nbsp;&nbsp; 1026314 | &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2019-1, Class B1, 144a, 4.477%, 5/25/49<sup>(A)(B)</sup> | &nbsp;&nbsp; 969774 |
| &nbsp;&nbsp; 2524132 | &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-5, Class B4, 144a, 3.565%, 12/25/50<sup>(A)(B)</sup> | &nbsp;&nbsp; 2166425 |
| &nbsp;&nbsp; 1225186 | &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2020-LTV2, Class B4, 144a, 4.002%, 11/25/50<sup>(A)(B)</sup> | &nbsp;&nbsp; 1079747 |
| &nbsp;&nbsp; 2550000 | &nbsp;&nbsp;Mill City Mortgage Loan Trust, Ser 2017-2, Class B2, 144a, 4.154%, 7/25/59<sup>(A)(B)</sup> | &nbsp;&nbsp; 2290985 |
| &nbsp;&nbsp; 704187 | &nbsp;&nbsp;OBX Trust, Ser 2022-J1, Class B1A, 144a, 2.843%, 2/25/52<sup>(A)(B)</sup> | &nbsp;&nbsp; 594946 |

---

---

| | |
|:---|:---|
| **Principal<br> Amount** | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 5.7%<br> (Continued)** |
| $2375000 &nbsp;&nbsp;Towd Point Mortgage Trust, Ser 2015-2, Class 1B3, 144a, 3.750%, 11/25/60<sup>(A)(B)</sup> | $2152017 |
| &nbsp;&nbsp; 2000000 &nbsp;&nbsp;Towd Point Mortgage Trust, Ser 2017-3, Class B3, 144a, 3.882%, 7/25/57<sup>(A)(B)</sup> | &nbsp;&nbsp; 1722061 |
|  | &nbsp;&nbsp; $16470258 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Common Stocks — 2.1%** |  |
|  | &nbsp;&nbsp;**Financials — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14115 | &nbsp;&nbsp;Bank of America Corp. | &nbsp;&nbsp; 667922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1072 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 758708 |
|  |  | &nbsp;&nbsp; 1426630 |
|  | &nbsp;&nbsp;**Information Technology — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2396 | &nbsp;&nbsp;International Business Machines Corp. | &nbsp;&nbsp; 706293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3285 | &nbsp;&nbsp;Texas Instruments, Inc. | &nbsp;&nbsp; 682032 |
|  |  | &nbsp;&nbsp; 1388325 |
|  | &nbsp;&nbsp;**Industrials — 0.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4427 | &nbsp;&nbsp;RTX Corp. | &nbsp;&nbsp; 646431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7619 | &nbsp;&nbsp;Stanley Black & Decker, Inc. | &nbsp;&nbsp; 516187 |
|  |  | &nbsp;&nbsp; 1162618 |
|  | &nbsp;&nbsp;**Materials — 0.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39560 | &nbsp;&nbsp;Covia Equity\* | &nbsp;&nbsp; 791200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;HC Minerals LLC<sup>(D)</sup>\* | &nbsp;&nbsp; 161307 |
|  |  | &nbsp;&nbsp; 952507 |
|  | &nbsp;&nbsp;**Health Care — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3591 | &nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp; 548525 |
|  | &nbsp;&nbsp;**Energy — 0.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4983 | &nbsp;&nbsp;Exxon Mobil Corp. | &nbsp;&nbsp; 537167 |
|  | &nbsp;&nbsp;**Total Common Stocks** | &nbsp;&nbsp;&nbsp; $6015772 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  |  |
|  | &nbsp;&nbsp;**Sovereign Government Obligations — 0.7%** | &nbsp;&nbsp;**Sovereign Government Obligations — 0.7%** |
| $910800 | &nbsp;&nbsp;Argentine Republic Government International Bond, 0.750%, 7/9/30<sup>(A)(B)</sup> | &nbsp;&nbsp; 726363 |
| &nbsp;&nbsp; 32400 | &nbsp;&nbsp;Ghana Government International Bond, 144a, 4.717%, 7/3/26<sup>#</sup> | &nbsp;&nbsp; 31395 |
| &nbsp;&nbsp; 477896 | &nbsp;&nbsp;Ghana Government International Bond, 144a, 4.962%, 1/3/30<sup>#</sup> | &nbsp;&nbsp; 399866 |
| &nbsp;&nbsp; 326700 | &nbsp;&nbsp;Ghana Government International Bond, 144a, 5.000%, 7/3/29<sup>(A)(B)</sup> | &nbsp;&nbsp; 306354 |
| &nbsp;&nbsp; 668680 | &nbsp;&nbsp;Sri Lanka Government International Bond, 144a, 4.000%, 4/15/28 | &nbsp;&nbsp; 626888 |
|  | &nbsp;&nbsp;**Total Sovereign Government Obligations** | &nbsp;&nbsp;&nbsp; $2090866 |

---

---

| | | |
|:---|:---|:---|
| **Number of<br> Rights** |  |  |
|  | &nbsp;&nbsp;**Rights — 0.0%** |  |
|  | &nbsp;&nbsp;**Energy — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27942 | &nbsp;&nbsp;Vistra Energy Corp. Tax Return Rights, 12/6/26\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34229 |

---

------

Touchstone Strategic Income Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **MarketValue** |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 0.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13106 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.21%<sup>∞Ω</sup> | $13106 |
|  | &nbsp;&nbsp;**Total Investment Securities—98.2%<br> (Cost $282,889,373)** | $284442954 |
|  | &nbsp;&nbsp;**Other Assets in Excess of Liabilities — 1.8%** | &nbsp;&nbsp; 5151827 |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $289594781 |

---

---

| | |
|:---|:---|
| *(A)* | *Variable rate security - Rate reflected is the rate in effect as of June 30, 2025.* |
| *(B)* | *Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description.* |
| *(C)* | *Perpetual Bond - A bond or preferred stock with no definite maturity date.* |
| *(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 Portfolios of Investments.* |
| *(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.* |
| *#* | *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 June 30, 2025.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *CLO – Collateralized Loan Obligation* |
| *LLC – Limited Liability Company* |
| *LP – Limited Partnership* |
| *PLC – Public Limited Company* |
| *REIT – Real Estate Investment Trust* |
| *SOC – State-Owned Company* |
| *SOFR – Secured Overnight Financing Rate* |
| *TSFR1M – One Month Term Secured Overnight Financing Rate* |
| *TSFR3M – Three Month Term Secured Overnight Financing Rate* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2025, these securities were valued at $136,200,516 or 47.0% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

*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:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** | ***Valuation Inputs at Reporting Date:*** |
| ***Description*** | ***Level 1*** | ***Level 2*** | ***Level 3*** | ***Total*** |
| ***Assets:*** |  |  |  |  |
| *Corporate Bonds* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$147663122* | *$64859* | *$147727981* |
| *U.S. Treasury Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*57329586* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*57329586* |
| *Asset-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*35026904* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*35026904* |
| *Commercial Mortgage-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*19734252* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*19734252* |
| *Non-Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*16470258* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*16470258* |
| *Common Stocks* | &nbsp;&nbsp;&nbsp;*5063265* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*791200* | &nbsp;&nbsp;&nbsp;*161307* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*6015772* |
| *Sovereign Government Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*2090866* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*2090866* |
| *Rights* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*34229* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*34229* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*13106* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*13106* |
| ***Other Financial Instruments*** |  |  |  |  |
| *Futures* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Interest rate contracts* | &nbsp;&nbsp;&nbsp;&nbsp;*193716* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*193716* |
| *Total Assets* | *$5270087* | *$279140417* | *$226166* | *$284636670* |
| ***Liabilities:*** |  |  |  |  |
| ***Other Financial Instruments*** |  |  |  |  |
| *Futures* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Interest rate contracts* | *$(256570)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | &nbsp;&nbsp;&nbsp;&nbsp;*$(256570)* |
| *Total Liabilities* | *$(256570)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | &nbsp;&nbsp;&nbsp;&nbsp;*$(256570)* |
| *Total* | *$5013517* | *$279140417* | *$226166* | *$284380100* |

---

#### Futures Contracts
*At June 30, 2025, $484,775 was segregated with the broker as collateral for futures contracts. The Fund had the following futures contracts, brokered by Wells Fargo, open at June 30, 2025:* 

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Description*** | &nbsp;&nbsp;&nbsp;***Expiration Date*** | &nbsp;&nbsp;&nbsp;***Number of<br> Contracts*** | &nbsp;&nbsp;&nbsp;***Notional Value*** | &nbsp;&nbsp;&nbsp;***Unrealized<br> Appreciation/<br> Depreciation*** |
| *Short Futures:* |  |  |  |  |
| *10-Year U.S. Ultra Treasury Bond* | &nbsp;&nbsp;&nbsp;*9/19/2025* | &nbsp;&nbsp;&nbsp;*163* | &nbsp;&nbsp;&nbsp;*$18625298* | &nbsp;&nbsp;&nbsp;*$(256570)* |
| *Long Futures:* |  |  |  |  |
| *2-Year U.S. Treasury Note* | &nbsp;&nbsp;&nbsp;*9/30/2025* | &nbsp;&nbsp;&nbsp;*395* | &nbsp;&nbsp;&nbsp;&nbsp;*82169258* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*193716* |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$(62854)* |

---

------

Notes to Portfolios of Investments

June 30, 2025 (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 June 30, 2025, for each Fund's investments, is included in each Fund's Portfolio of Investments. The Strategic Income Fund held Level 3 categorized securities during the period ended June 30, 2025.

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 established by Touchstone Advisors, Inc. and adopted by the Funds' Board of Trustees and are generally categorized in Level 3.

------

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.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Touchstone Strategic Trust

- **b. Investment Company Act file number:** 811-03651

- **c. CIK number of Registrant:** 0000711080

- **d. LEI of Registrant:** 5493006Z577I3GNQF624

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 303 Broadway

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45202

  - **Telephone number:** 8006388194

**Item A.2. Information about the Series.**

- **a. Name of Series:** Touchstone Strategic Trust-Touchstone Growth Opportunities Fund

- **b. EDGAR series identifier (if any):** S000003125

- **c. LEI of Series:** 549300MUDEN4S0F1QO97

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $149803166.35

**Total Liabilities:** $154816.88

**Net Assets:** $149648349.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008467 | 2.25%                | 8.62%                | 6.25%                |
| Class ID C000008469 | 2.20%                | 8.54%                | 6.21%                |
| Class ID C000074341 | 2.28%                | 8.64%                | 6.31%                |
| Class ID C000074342 | 2.28%                | 8.64%                | 6.30%                |
| Class ID C000262332 |  |  | 6.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-839296.11              | $3614401.55                                |
| Month 2  | $11585608.42             | $256704.09                                 |
| Month 3  | $2930441.15              | $5994608.56                                |

### Schedule of Portfolio Investments

| Name                                     | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Duolingo Inc                             | Duolingo Inc CL A COM                               | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       433 | NS      | $177538.66    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corporation               | Exact Sciences Corporation COM USD0.01              | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      1909 | NS      | $101444.26    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                          | Microsoft Corp. COM USD0.00000625                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     33868 | NS      | $16846281.88  | 11.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                           | Exelixis, Inc. COM USD0.001                         | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     17247 | NS      | $760161.53    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                            | Netflix, Inc. COM USD0.001                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      4413 | NS      | $5909580.69   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc.                 | ExlService Holdings Inc. COM STK USD0.001           | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      2869 | NS      | $125633.51    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc               | Neurocrine Biosciences Inc COM USD0.001             | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      6109 | NS      | $767840.21    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                         | Merck & Co., Inc COM USD0.50                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     13523 | NS      | $1070480.68   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                | Palantir Technologies Inc CL A                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      5077 | NS      | $692096.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                          | Pegasystems Inc COM USD0.01                         | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      3256 | NS      | $176247.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                            | Penumbra Inc. COM USD0.001                          | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       928 | NS      | $238152.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Applovin Corp.                           | Applovin Corp. COM CL A                             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1884 | NS      | $659550.72    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.         | Armstrong World Industries, Inc. COM STK USD0.01    | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      4474 | NS      | $726756.56    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                             | Broadcom Inc COM USD0.001                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     26886 | NS      | $7411125.90   | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corporation                     | Carnival Corporation UNITS (COMPR 1 COM & 1 TR      | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     34711 | NS      | $976073.32    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                               | Carvana Co COM USD0.001 CL A                        | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      1083 | NS      | $364927.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                    | Royal Caribbean Group COM USD0.01                   | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2326 | NS      | $728363.64    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                             | GE Aerospace COM NEW                                | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      8811 | NS      | $2267863.29   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                 | O'Reilly Automotive Inc. USD0.01                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1473 | NS      | $132761.49    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                               | Heico Corp COM USD0.01                              | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      2714 | NS      | $890192.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                           | Servicenow Inc COM USD0.001                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1916 | NS      | $1969801.28   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                               | Heico Corp COM USD0.01                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      2762 | NS      | $714667.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                    | Targa Resources Corp. COM USD0.001                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      1399 | NS      | $243537.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation        | Lattice Semiconductor Corporation COM USD0.01       | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      8072 | NS      | $395447.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| The Trade Desk Inc                       | The Trade Desk Inc COM USD0.000001 CL A             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     16542 | NS      | $1190858.58   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                         | Leonardo DRS Inc COM                                | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     13007 | NS      | $604565.36    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                     | Tradeweb Markets Inc COM USD0.00001 CL A            | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3802 | NS      | $556612.80    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                 | Lyft Inc COM USD0.00001 CLASS A                     | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     50036 | NS      | $788567.36    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                   | Trane Technologies PLC COM USD1                     | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      5791 | NS      | $2533041.31   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                   | Marvell Technology Inc COM                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9614 | NS      | $744123.60    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                           | Mckesson Corp. COM USD0.01                          | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       156 | NS      | $114313.68    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                  | MasterCard Incorporated COM USD0.0001 CLASS A       | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3983 | NS      | $2238207.02   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                              | ResMed Inc. COM USD0.004                            | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      2960 | NS      | $763680.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| XP Inc.                                  | XP Inc. CL A                                        | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     43585 | NS      | $880417.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management Funds | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |   1452975 | NS      | $1452974.93   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                          | Primerica, Inc. COM USD0.01                         | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2971 | NS      | $813073.57    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                        | Veeva Systems Inc COM USD0.00001 CL 'A'             | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      6099 | NS      | $1756390.02   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                 | Visa Inc COM STK USD0.0001                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      7801 | NS      | $2769745.05   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                              | Vistra Corp COM USD0.01                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1046 | NS      | $202725.26    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                              | AbbVie Inc. COM USD0.01                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8797 | NS      | $1632899.14   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                              | Nutanix Inc COM USD0.000025 CL A                    | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      3771 | NS      | $288255.24    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                             | NVIDIA Corp. COM USD0.001                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    118168 | NS      | $18669362.32  | 12.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc              | Sprouts Farmers Markets Inc COM USD0.001            | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      6260 | NS      | $1030646.40   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd.                         | Nu Holdings Ltd. ORD SHS CL A                       | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     93049 | NS      | $1276632.28   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation               | American Tower Corporation COM USD0.01              | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      3202 | NS      | $707706.04    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                     | Amphenol Corporation CL'A'COM USD0.001              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     10302 | NS      | $1017322.50   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                               | Apple Inc. COM USD0.00001                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     60189 | NS      | $12348977.13  | 8.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                              | Hubspot Inc COM USD0.001                            | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       436 | NS      | $242690.68    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                               | Intuit Inc COM USD0.01                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       836 | NS      | $658458.68    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc.                     | Williams-Sonoma Inc. COM USD0.01                    | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       135 | NS      | $22054.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti PLC                    | Anglogold Ashanti PLC COM SHS                       | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     16451 | NS      | $749672.07    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                            | Alphabet Inc. CAP USD0.001 CL C                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20197 | NS      | $3582745.83   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                            | Alphabet Inc. CAP STK USD0.001 CL A                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     25452 | NS      | $4485405.96   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                         | Amazon.com, Inc. COM USD0.01                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     37138 | NS      | $8147705.82   | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                      | Arista Networks Inc COM SHS                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     17814 | NS      | $1822550.34   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                    | BWX Technologies Inc. COM USD0.01                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      1259 | NS      | $181371.54    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                           | Blackstone Inc COM USD0.00001 CLASS A               | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       203 | NS      | $30364.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                     | Booking Holdings Inc COM USD0.008                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       499 | NS      | $2888830.76   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                       | Cintas Corporation COM NPV                          | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3727 | NS      | $830636.49    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                           | Cloudflare Inc COM USD0.001 CL A                    | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      3695 | NS      | $723591.85    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation             | Costco Wholesale Corporation COM USD0.01            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      2953 | NS      | $2923292.82   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                               | DexCom Inc COM USD0.001                             | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      7991 | NS      | $697534.39    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                             | DoorDash Inc CL A                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      1404 | NS      | $346100.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                        | Expedia Group Inc COM USD0.001                      | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      3042 | NS      | $513124.56    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                       | Meta Platforms Inc COM USD0.000006 CL 'A'           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     12194 | NS      | $9000269.46   | 6.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation                   | Fair Isaac Corporation COM USD0.01                  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       383 | NS      | $700108.68    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc               | Grand Canyon Education Inc COM USD0.01              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      4266 | NS      | $806274.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                | Halozyme Therapeutics Inc COM USD0.001              | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     40331 | NS      | $2098018.62   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                     | Howmet Aerospace Inc COM                            | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      4683 | NS      | $871646.79    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                               | Insmed Inc COM USD0.01                              | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     10200 | NS      | $1026528.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspire Medical Systems Inc              | Inspire Medical Systems Inc COM USD0.001            | CUSIP: 457730109<br>LEI: 549300XQQCQ7HCJKTW25 | Long             | EC               | CORP              | US        |      2764 | NS      | $358684.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                      | Insulet Corporation COM STK USD0.001                | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |       219 | NS      | $68805.42     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                | KLA Corp. COM USD0.001                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       269 | NS      | $240954.06    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corporation                 | Lam Research Corporation COM NEW                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      5922 | NS      | $576447.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                          | Eli Lilly & Co. COM NPV                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1820 | NS      | $1418744.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.            | Monolithic Power Systems Inc. COM STK USD0.001      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       295 | NS      | $215757.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                    | Monster Beverage Corp COM USD0.005                  | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      1590 | NS      | $99597.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                             | Moodys Corp. COM USD0.01                            | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       729 | NS      | $365659.11    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc.                              | Rubrik Inc. CL A                                    | CUSIP: 781154109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5336 | NS      | $478052.24    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                            | Snowflake Inc CL A                                  | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      1926 | NS      | $430981.02    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                | Tesla Inc COM USD0.001                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     10703 | NS      | $3399914.98   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Touchstone Strategic Trust

**Signature:** Terri Lucas

**Name of Signer:** Terri Lucas

**Title:** Controller & Treasurer