# EDGAR Filing Document

**Accession Number:** 0000920547
**File Stem:** 0001193125-26-246888
**Filing Date:** 2026-5
**Character Count:** 186134
**Document Hash:** 72f46dc05f005ec832f39114f7404df3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-246888.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001193125-26-246888

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOUCHSTONE VARIABLE SERIES TRUST
- **CENTRAL INDEX KEY:** 0000920547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08416
- **FILM NUMBER:** 261040303

**BUSINESS ADDRESS:**
- **STREET 1:** 303 BROADWAY
- **STREET 2:** SUITE 1100
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45202-4203
- **BUSINESS PHONE:** 513-362-8000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SELECT ADVISORS VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 19950912

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IFS VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 19940318

## Series and Classes Contracts Data

### Touchstone Bond Fund (Series ID: S000059067)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000193690 | Touchstone Bond Fund - Class I |  |
| C000213075 | Class SC                       |  |

## Nport-Ex

Portfolio of Investments

Touchstone Balanced Fund – March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 64.0%** |  |
|  | &nbsp;&nbsp;**Information Technology — 21.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8344 | &nbsp;&nbsp;Apple, Inc. | $2117624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1808 | &nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp; 617956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692 | &nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp; 214181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5768 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 2135141 |
| &nbsp;&nbsp;&nbsp;&nbsp;10758 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp; 1876195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2845 | &nbsp;&nbsp;Oracle Corp. | &nbsp;&nbsp; 418528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2427 | &nbsp;&nbsp;Salesforce, Inc. | &nbsp;&nbsp; 453048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2497 | &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR | &nbsp;&nbsp; 843861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584 | &nbsp;&nbsp;Texas Instruments, Inc. | &nbsp;&nbsp; 501658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1994 | &nbsp;&nbsp;Workday, Inc. - Class A\* | &nbsp;&nbsp; 259060 |
|  |  | &nbsp;&nbsp; 9437252 |
|  | &nbsp;&nbsp;**Communication Services — 11.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8330 | &nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp; 2389544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9684 | &nbsp;&nbsp;Comcast Corp. - Class A | &nbsp;&nbsp; 278028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3001 | &nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp; 1716962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1730 | &nbsp;&nbsp;Netflix, Inc.\* | &nbsp;&nbsp; 166339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2951 | &nbsp;&nbsp;Walt Disney Co. (The) | &nbsp;&nbsp; 284417 |
|  |  | &nbsp;&nbsp; 4835290 |
|  | &nbsp;&nbsp;**Financials — 9.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;15782 | &nbsp;&nbsp;Bank of America Corp. | &nbsp;&nbsp; 769373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846 | &nbsp;&nbsp;Berkshire Hathaway, Inc. - Class B\* | &nbsp;&nbsp; 405403 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7025 | &nbsp;&nbsp;Charles Schwab Corp. (The) | &nbsp;&nbsp; 660210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 487290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1334 | &nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp; 401307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287 | &nbsp;&nbsp;Markel Group, Inc.\* | &nbsp;&nbsp; 549338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2268 | &nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp; 685480 |
|  |  | &nbsp;&nbsp; 3958401 |
|  | &nbsp;&nbsp;**Health Care — 6.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2566 | &nbsp;&nbsp;Becton Dickinson & Co. | &nbsp;&nbsp; 403452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;BioMarin Pharmaceutical, Inc.\* | &nbsp;&nbsp; 169470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6834 | &nbsp;&nbsp;Bristol-Myers Squibb Co. | &nbsp;&nbsp; 414482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690 | &nbsp;&nbsp;HCA Healthcare, Inc. | &nbsp;&nbsp; 326536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2903 | &nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp; 709609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6137 | &nbsp;&nbsp;Medtronic PLC | &nbsp;&nbsp; 531771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1304 | &nbsp;&nbsp;UnitedHealth Group, Inc. | &nbsp;&nbsp; 352850 |
|  |  | &nbsp;&nbsp; 2908170 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 5.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3824 | &nbsp;&nbsp;Airbnb, Inc. - Class A\* | &nbsp;&nbsp; 482895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8010 | &nbsp;&nbsp;Amazon.com, Inc.\* | &nbsp;&nbsp; 1668243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3870 | &nbsp;&nbsp;Las Vegas Sands Corp. | &nbsp;&nbsp; 208515 |
|  |  | &nbsp;&nbsp; 2359653 |
|  | &nbsp;&nbsp;**Industrials — 4.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2694 | &nbsp;&nbsp;Boeing Co. (The)\* | &nbsp;&nbsp; 536187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;Deere & Co. | &nbsp;&nbsp; 391493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691 | &nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp; 339101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4340 | &nbsp;&nbsp;SS&C Technologies Holdings, Inc. | &nbsp;&nbsp; 293254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3096 | &nbsp;&nbsp;Stanley Black & Decker, Inc. | &nbsp;&nbsp; 220002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3060 | &nbsp;&nbsp;Uber Technologies, Inc.\* | &nbsp;&nbsp; 220106 |
|  |  | &nbsp;&nbsp; 2000143 |
|  | &nbsp;&nbsp;**Consumer Staples — 2.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1646 | &nbsp;&nbsp;Diageo PLC (United Kingdom) ADR | &nbsp;&nbsp; 122545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4072 | &nbsp;&nbsp;Monster Beverage Corp.\* | &nbsp;&nbsp; 295057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4287 | &nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp; 708812 |
|  |  | &nbsp;&nbsp; 1126414 |
|  | &nbsp;&nbsp;**Energy — 2.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5663 | &nbsp;&nbsp;Exxon Mobil Corp. | &nbsp;&nbsp; 960785 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 64.0% (Continued)** |  |
|  | &nbsp;&nbsp;**Real Estate — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1402 | &nbsp;&nbsp;Jones Lang LaSalle, Inc.\* | $426657 |
|  | &nbsp;&nbsp;**Materials — 0.5%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3213 | &nbsp;&nbsp;International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 233103 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $28245868 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  |  |
|  | &nbsp;&nbsp;**Corporate Bonds — 14.5%** |  |
|  | &nbsp;&nbsp;**Financials — 3.6%** |  |
| $50000 | &nbsp;&nbsp;AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 6.150%, 9/30/30 | &nbsp;&nbsp; 52543 |
| &nbsp;&nbsp; 70000 | &nbsp;&nbsp;American Express Co., 5.282%, 7/27/29 | &nbsp;&nbsp; 71271 |
| &nbsp;&nbsp; 43000 | &nbsp;&nbsp;Bank of America Corp., 2.687%, 4/22/32 | &nbsp;&nbsp; 38967 |
| &nbsp;&nbsp; 44000 | &nbsp;&nbsp;Bank of America Corp., 3.705%, 4/24/28 | &nbsp;&nbsp; 43665 |
| &nbsp;&nbsp; 30000 | &nbsp;&nbsp;Bank of America Corp., 5.511%, 1/24/36 | &nbsp;&nbsp; 30609 |
| &nbsp;&nbsp; 50000 | &nbsp;&nbsp;Bank of Montreal (Canada), 3.803%, 12/15/32 | &nbsp;&nbsp; 49169 |
| &nbsp;&nbsp; 55000 | &nbsp;&nbsp;Bank of New York Mellon Corp. (The), 5.834%, 10/25/33 | &nbsp;&nbsp; 58307 |
| &nbsp;&nbsp; 37000 | &nbsp;&nbsp;Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | &nbsp;&nbsp; 30416 |
| &nbsp;&nbsp; 96000 | &nbsp;&nbsp;Citigroup, Inc., 4.542%, 9/19/30 | &nbsp;&nbsp; 95680 |
| &nbsp;&nbsp; 35000 | &nbsp;&nbsp;Citigroup, Inc., 6.174%, 5/25/34 | &nbsp;&nbsp; 36243 |
| &nbsp;&nbsp; 52000 | &nbsp;&nbsp;First Maryland Capital I, (TSFR3M + 1.262%), 4.934%, 1/15/27<sup>(A)</sup> | &nbsp;&nbsp; 51505 |
| &nbsp;&nbsp; 65000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | &nbsp;&nbsp; 58350 |
| &nbsp;&nbsp; 30000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | &nbsp;&nbsp; 29734 |
| &nbsp;&nbsp; 39000 | &nbsp;&nbsp;Guardian Life Global Funding, 144a, 4.327%, 10/6/30 | &nbsp;&nbsp; 38545 |
| &nbsp;&nbsp; 69000 | &nbsp;&nbsp;JPMorgan Chase & Co., 2.956%, 5/13/31 | &nbsp;&nbsp; 64292 |
| &nbsp;&nbsp; 54000 | &nbsp;&nbsp;JPMorgan Chase & Co., 3.509%, 1/23/29 | &nbsp;&nbsp; 53124 |
| &nbsp;&nbsp; 70000 | &nbsp;&nbsp;Macquarie Airfinance Holdings Ltd. (United Kingdom), 144a, 6.400%, 3/26/29 | &nbsp;&nbsp; 72520 |
| &nbsp;&nbsp; 52000 | &nbsp;&nbsp;Marsh & McLennan Cos., Inc., 5.350%, 11/15/44 | &nbsp;&nbsp; 49273 |
| &nbsp;&nbsp; 73000 | &nbsp;&nbsp;Morgan Stanley, 2.484%, 9/16/36 | &nbsp;&nbsp; 62819 |
| &nbsp;&nbsp; 51000 | &nbsp;&nbsp;New York Life Global Funding, 144a, 4.550%, 1/28/33 | &nbsp;&nbsp; 50253 |
| &nbsp;&nbsp; 66000 | &nbsp;&nbsp;Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | &nbsp;&nbsp; 50242 |
| &nbsp;&nbsp; 73000 | &nbsp;&nbsp;PNC Capital Trust, (TSFR3M + 0.832%), 4.499%, 6/1/28<sup>(A)</sup> | &nbsp;&nbsp; 72016 |
| &nbsp;&nbsp; 60000 | &nbsp;&nbsp;Royal Bank of Canada (Canada), 4.969%, 8/2/30 | &nbsp;&nbsp; 60759 |
| &nbsp;&nbsp; 98000 | &nbsp;&nbsp;State Street Corp., (TSFR3M + 1.262%), 4.936%, 6/15/47<sup>(A)</sup> | &nbsp;&nbsp; 85055 |
| &nbsp;&nbsp; 103000 | &nbsp;&nbsp;Teachers Insurance & Annuity Association of America, 144a, 3.300%, 5/15/50 | &nbsp;&nbsp; 68785 |
| &nbsp;&nbsp; 99000 | &nbsp;&nbsp;Truist Financial Corp., Ser A, (TSFR3M + 0.932%), 4.584%, 5/15/27<sup>(A)</sup> | &nbsp;&nbsp; 97873 |
| &nbsp;&nbsp; 44000 | &nbsp;&nbsp;US Bancorp, 4.967%, 7/22/33 | &nbsp;&nbsp; 43521 |
| &nbsp;&nbsp; 78000 | &nbsp;&nbsp;Wells Fargo & Co., 4.960%, 1/23/37 | &nbsp;&nbsp; 76042 |
|  |  | &nbsp;&nbsp; 1591578 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 1.8%** |  |
| &nbsp;&nbsp; 98000 | &nbsp;&nbsp;7-Eleven, Inc., 144a, 1.800%, 2/10/31 | &nbsp;&nbsp; 84831 |
| &nbsp;&nbsp; 18000 | &nbsp;&nbsp;Amazon.com, Inc., 5.800%, 3/13/56 | &nbsp;&nbsp; 18045 |
| &nbsp;&nbsp; 28000 | &nbsp;&nbsp;Amazon.com, Inc., 5.950%, 3/13/66 | &nbsp;&nbsp; 28150 |
| &nbsp;&nbsp; 74000 | &nbsp;&nbsp;BMW US Capital LLC (Germany), 144a, 4.500%, 8/11/30 | &nbsp;&nbsp; 73168 |
| &nbsp;&nbsp; 54000 | &nbsp;&nbsp;Ferguson Enterprises, Inc., 4.350%, 3/15/31 | &nbsp;&nbsp; 53107 |
| &nbsp;&nbsp; 61000 | &nbsp;&nbsp;General Motors Financial Co., Inc., 3.100%, 1/12/32 | &nbsp;&nbsp; 54731 |
| &nbsp;&nbsp; 20000 | &nbsp;&nbsp;Gildan Activewear, Inc. (Canada), 144a, 4.700%, 10/7/30 | &nbsp;&nbsp; 19790 |
| &nbsp;&nbsp; 42000 | &nbsp;&nbsp;Gildan Activewear, Inc. (Canada), 144a, 5.400%, 10/7/35 | &nbsp;&nbsp; 40965 |
| &nbsp;&nbsp; 32000 | &nbsp;&nbsp;Home Depot, Inc. (The), 5.950%, 4/1/41 | &nbsp;&nbsp; 33725 |
| &nbsp;&nbsp; 54000 | &nbsp;&nbsp;Hyundai Capital America, 144a, 5.350%, 3/19/29 | &nbsp;&nbsp; 54985 |
| &nbsp;&nbsp; 52000 | &nbsp;&nbsp;Lowe's Cos., Inc., 4.500%, 4/15/30 | &nbsp;&nbsp; 52004 |
| &nbsp;&nbsp; 62000 | &nbsp;&nbsp;Mattel, Inc., 5.450%, 11/1/41 | &nbsp;&nbsp; 56152 |
| &nbsp;&nbsp; 79000 | &nbsp;&nbsp;Meritage Homes Corp., 144a, 3.875%, 4/15/29 | &nbsp;&nbsp; 76916 |
| &nbsp;&nbsp; 80000 | &nbsp;&nbsp;Polaris, Inc., 5.600%, 3/1/31 | &nbsp;&nbsp; 79294 |
| &nbsp;&nbsp; 78000 | &nbsp;&nbsp;United Airlines, Inc., 144a, 4.625%, 4/15/29 | &nbsp;&nbsp; 76475 |
|  |  | &nbsp;&nbsp; 802338 |

---

------

Touchstone Balanced Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **MarketValue** |
|  | &nbsp;&nbsp;**Corporate Bonds — 14.5% (Continued)** |  |
|  | &nbsp;&nbsp;**Consumer Staples — 1.5%** |  |
| $54000 | &nbsp;&nbsp;Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | $48759 |
| &nbsp;&nbsp; 59000 | &nbsp;&nbsp;BAT Capital Corp. (United Kingdom), 2.259%, 3/25/28 | &nbsp;&nbsp; 56624 |
| &nbsp;&nbsp; 64000 | &nbsp;&nbsp;Cargill, Inc., 144a, 4.760%, 11/23/45 | &nbsp;&nbsp; 56761 |
| &nbsp;&nbsp; 103000 | &nbsp;&nbsp;Coca-Cola Co. (The), 2.500%, 3/15/51 | &nbsp;&nbsp; 60673 |
| &nbsp;&nbsp; 78000 | &nbsp;&nbsp;Element Fleet Management Corp. (Canada), 144a, 5.037%, 3/25/30 | &nbsp;&nbsp; 78745 |
| &nbsp;&nbsp; 64000 | &nbsp;&nbsp;ERAC USA Finance LLC, 144a, 4.200%, 11/1/46 | &nbsp;&nbsp; 51801 |
| &nbsp;&nbsp; 72000 | &nbsp;&nbsp;Global Payments, Inc., 5.200%, 11/15/32 | &nbsp;&nbsp; 69884 |
| &nbsp;&nbsp; 34000 | &nbsp;&nbsp;Kroger Co. (The), 5.000%, 4/15/42 | &nbsp;&nbsp; 31588 |
| &nbsp;&nbsp; 47000 | &nbsp;&nbsp;Mars, Inc., 144a, 5.200%, 3/1/35 | &nbsp;&nbsp; 47478 |
| &nbsp;&nbsp; 73000 | &nbsp;&nbsp;Philip Morris International, Inc., 5.375%, 2/15/33 | &nbsp;&nbsp; 74976 |
| &nbsp;&nbsp; 35000 | &nbsp;&nbsp;Starbucks Corp., 3.350%, 3/12/50 | &nbsp;&nbsp; 23619 |
| &nbsp;&nbsp; 44000 | &nbsp;&nbsp;Walmart, Inc., 4.500%, 9/9/52 | &nbsp;&nbsp; 37992 |
|  |  | &nbsp;&nbsp; 638900 |
|  | &nbsp;&nbsp;**Industrials — 1.3%** |  |
| &nbsp;&nbsp; 67000 | &nbsp;&nbsp;Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | &nbsp;&nbsp; 61653 |
| &nbsp;&nbsp; 53000 | &nbsp;&nbsp;Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | &nbsp;&nbsp; 55105 |
| &nbsp;&nbsp; 69000 | &nbsp;&nbsp;Canadian Pacific Railway Co. (Canada), 3.000%, 12/2/41 | &nbsp;&nbsp; 50726 |
| &nbsp;&nbsp; 52000 | &nbsp;&nbsp;Eaton Corp., 4.500%, 3/6/33 | &nbsp;&nbsp; 51309 |
| &nbsp;&nbsp; 55000 | &nbsp;&nbsp;John Deere Capital Corp., MTN, 5.100%, 4/11/34 | &nbsp;&nbsp; 56035 |
| &nbsp;&nbsp; 44000 | &nbsp;&nbsp;Norfolk Southern Corp., 4.837%, 10/1/41 | &nbsp;&nbsp; 40524 |
| &nbsp;&nbsp; 120000 | &nbsp;&nbsp;Textron Financial Corp., 144a, (TSFR3M + 1.997%), 5.649%, 2/15/42<sup>(A)</sup> | &nbsp;&nbsp; 107468 |
| &nbsp;&nbsp; 80000 | &nbsp;&nbsp;Timken Co. (The), 4.500%, 12/15/28 | &nbsp;&nbsp; 79783 |
| &nbsp;&nbsp; 62000 | &nbsp;&nbsp;United Parcel Service, Inc., 5.950%, 5/14/55 | &nbsp;&nbsp; 62526 |
|  |  | &nbsp;&nbsp; 565129 |
|  | &nbsp;&nbsp;**Energy — 1.2%** |  |
| &nbsp;&nbsp; 43000 | &nbsp;&nbsp;Cheniere Energy Partners LP, 3.250%, 1/31/32 | &nbsp;&nbsp; 39189 |
| &nbsp;&nbsp; 57000 | &nbsp;&nbsp;DCP Midstream Operating LP, 144a, 6.750%, 9/15/37 | &nbsp;&nbsp; 61738 |
| &nbsp;&nbsp; 66000 | &nbsp;&nbsp;Energy Transfer LP, 6.300%, 1/15/56 | &nbsp;&nbsp; 65139 |
| &nbsp;&nbsp; 65000 | &nbsp;&nbsp;HF Sinclair Corp., 5.000%, 2/1/28 | &nbsp;&nbsp; 64993 |
| &nbsp;&nbsp; 63000 | &nbsp;&nbsp;Midwest Connector Capital Co. LLC, 144a, 4.625%, 4/1/29 | &nbsp;&nbsp; 62642 |
| &nbsp;&nbsp; 42000 | &nbsp;&nbsp;NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | &nbsp;&nbsp; 48653 |
| &nbsp;&nbsp; 57000 | &nbsp;&nbsp;Occidental Petroleum Corp., 7.950%, 6/15/39 | &nbsp;&nbsp; 66542 |
| &nbsp;&nbsp; 86000 | &nbsp;&nbsp;Sempra Infrastructure Partners LP, 144a, 3.250%, 1/15/32 | &nbsp;&nbsp; 76014 |
| &nbsp;&nbsp; 53000 | &nbsp;&nbsp;Western Midstream Operating LP, 5.250%, 2/1/50 | &nbsp;&nbsp; 44734 |
|  |  | &nbsp;&nbsp; 529644 |
|  | &nbsp;&nbsp;**Communication Services — 1.2%** |  |
| &nbsp;&nbsp; 48000 | &nbsp;&nbsp;Alphabet, Inc., 5.500%, 2/15/46 | &nbsp;&nbsp; 47661 |
| &nbsp;&nbsp; 72000 | &nbsp;&nbsp;AT&T, Inc., 3.800%, 12/1/57 | &nbsp;&nbsp; 48742 |
| &nbsp;&nbsp; 29000 | &nbsp;&nbsp;AT&T, Inc., 4.500%, 5/15/35 | &nbsp;&nbsp; 27507 |
| &nbsp;&nbsp; 39000 | &nbsp;&nbsp;Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | &nbsp;&nbsp; 36017 |
| &nbsp;&nbsp; 43000 | &nbsp;&nbsp;Comcast Corp., 4.000%, 3/1/48 | &nbsp;&nbsp; 31706 |
| &nbsp;&nbsp; 80000 | &nbsp;&nbsp;Meta Platforms, Inc., 4.875%, 11/15/35 | &nbsp;&nbsp; 78517 |
| &nbsp;&nbsp; 64000 | &nbsp;&nbsp;T-Mobile USA, Inc., 3.875%, 4/15/30 | &nbsp;&nbsp; 62332 |
| &nbsp;&nbsp; 35000 | &nbsp;&nbsp;T-Mobile USA, Inc., 5.750%, 1/15/54 | &nbsp;&nbsp; 33592 |
| &nbsp;&nbsp; 59000 | &nbsp;&nbsp;Verizon Communications, Inc., 2.987%, 10/30/56 | &nbsp;&nbsp; 34739 |
| &nbsp;&nbsp; 30000 | &nbsp;&nbsp;Verizon Communications, Inc., 5.875%, 11/30/55 | &nbsp;&nbsp; 29222 |
| &nbsp;&nbsp; 98000 | &nbsp;&nbsp;Videotron Ltd. (Canada), 144a, 3.625%, 6/15/29 | &nbsp;&nbsp; 94847 |
|  |  | &nbsp;&nbsp; 524882 |
|  | &nbsp;&nbsp;**Health Care — 1.1%** |  |
| &nbsp;&nbsp; 45000 | &nbsp;&nbsp;AbbVie, Inc., 4.450%, 5/14/46 | &nbsp;&nbsp; 38698 |
| &nbsp;&nbsp; 50000 | &nbsp;&nbsp;Augusta SpinCo Corp., 4.656%, 3/23/31 | &nbsp;&nbsp; 49755 |
| &nbsp;&nbsp; 46000 | &nbsp;&nbsp;CommonSpirit Health, 4.187%, 10/1/49 | &nbsp;&nbsp; 35259 |
| &nbsp;&nbsp; 42000 | &nbsp;&nbsp;CVS Health Corp., 5.125%, 7/20/45 | &nbsp;&nbsp; 37028 |
| &nbsp;&nbsp; 56000 | &nbsp;&nbsp;DH Europe Finance II Sarl, 3.250%, 11/15/39 | &nbsp;&nbsp; 44980 |
| &nbsp;&nbsp; 51000 | &nbsp;&nbsp;Elevance Health, Inc., 4.750%, 2/15/33 | &nbsp;&nbsp; 50242 |
| &nbsp;&nbsp; 66000 | &nbsp;&nbsp;HCA, Inc., 5.500%, 3/1/32 | &nbsp;&nbsp; 67687 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **MarketValue** |
|  | &nbsp;&nbsp;**Corporate Bonds — 14.5% (Continued)** |  |
|  | &nbsp;&nbsp;**Health Care — 1.1% (Continued)** |  |
| $90000 | &nbsp;&nbsp;Medline Borrower LP, 144a, 3.875%, 4/1/29 | $87051 |
| &nbsp;&nbsp; 45000 | &nbsp;&nbsp;Thermo Fisher Scientific, Inc., 5.404%, 8/10/43 | &nbsp;&nbsp; 44579 |
| &nbsp;&nbsp; 57000 | &nbsp;&nbsp;UnitedHealth Group, Inc., 3.500%, 8/15/39 | &nbsp;&nbsp; 46147 |
|  |  | &nbsp;&nbsp; 501426 |
|  | &nbsp;&nbsp;**Information Technology — 1.0%** |  |
| &nbsp;&nbsp; 77000 | &nbsp;&nbsp;Apple, Inc., 4.650%, 2/23/46 | &nbsp;&nbsp; 69234 |
| &nbsp;&nbsp; 81000 | &nbsp;&nbsp;Broadcom, Inc., 3.419%, 4/15/33 | &nbsp;&nbsp; 74090 |
| &nbsp;&nbsp; 48000 | &nbsp;&nbsp;Dell International LLC / EMC Corp., 4.850%, 2/1/35 | &nbsp;&nbsp; 46463 |
| &nbsp;&nbsp; 94000 | &nbsp;&nbsp;Microsoft Corp., 2.525%, 6/1/50 | &nbsp;&nbsp; 56485 |
| &nbsp;&nbsp; 34000 | &nbsp;&nbsp;Oracle Corp., 4.700%, 9/27/34 | &nbsp;&nbsp; 31051 |
| &nbsp;&nbsp; 46000 | &nbsp;&nbsp;Oracle Corp., 5.950%, 9/26/55 | &nbsp;&nbsp; 38769 |
| &nbsp;&nbsp; 64000 | &nbsp;&nbsp;Salesforce, Inc., 5.550%, 3/15/36 | &nbsp;&nbsp; 63823 |
| &nbsp;&nbsp; 56000 | &nbsp;&nbsp;Texas Instruments, Inc., 5.100%, 5/23/35 | &nbsp;&nbsp; 56716 |
|  |  | &nbsp;&nbsp; 436631 |
|  | &nbsp;&nbsp;**Utilities — 1.0%** |  |
| &nbsp;&nbsp; 38000 | &nbsp;&nbsp;Capital Power US Holdings, Inc. (Canada), 144a, 6.189%, 6/1/35 | &nbsp;&nbsp; 38931 |
| &nbsp;&nbsp; 98000 | &nbsp;&nbsp;CMS Energy Corp., 4.750%, 6/1/50 | &nbsp;&nbsp; 95002 |
| &nbsp;&nbsp; 71000 | &nbsp;&nbsp;Duke Energy Progress LLC, 4.150%, 12/1/44 | &nbsp;&nbsp; 57829 |
| &nbsp;&nbsp; 39000 | &nbsp;&nbsp;Edison International, 4.125%, 3/15/28 | &nbsp;&nbsp; 38345 |
| &nbsp;&nbsp; 43000 | &nbsp;&nbsp;Georgia Power Co., 5.950%, 2/1/39 | &nbsp;&nbsp; 44407 |
| &nbsp;&nbsp; 61000 | &nbsp;&nbsp;Ohio Power Co., Ser R, 2.900%, 10/1/51 | &nbsp;&nbsp; 36585 |
| &nbsp;&nbsp; 78000 | &nbsp;&nbsp;Oncor Electric Delivery Co. LLC, 144a, 5.900%, 3/15/56 | &nbsp;&nbsp; 77920 |
| &nbsp;&nbsp; 48000 | &nbsp;&nbsp;PacifiCorp., 5.750%, 4/1/37 | &nbsp;&nbsp; 47507 |
|  |  | &nbsp;&nbsp; 436526 |
|  | &nbsp;&nbsp;**Real Estate — 0.6%** |  |
| &nbsp;&nbsp; 57000 | &nbsp;&nbsp;American Tower Corp. REIT, 5.900%, 11/15/33 | &nbsp;&nbsp; 59722 |
| &nbsp;&nbsp; 54000 | &nbsp;&nbsp;Crown Castle, Inc. REIT, 4.800%, 9/1/28 | &nbsp;&nbsp; 54258 |
| &nbsp;&nbsp; 71000 | &nbsp;&nbsp;Invitation Homes Operating Partnership LP REIT, 4.150%, 4/15/32 | &nbsp;&nbsp; 66597 |
| &nbsp;&nbsp; 52000 | &nbsp;&nbsp;Store Capital LLC REIT, 2.700%, 12/1/31 | &nbsp;&nbsp; 45225 |
| &nbsp;&nbsp; 34000 | &nbsp;&nbsp;Store Capital LLC REIT, 4.625%, 3/15/29 | &nbsp;&nbsp; 33639 |
|  |  | &nbsp;&nbsp; 259441 |
|  | &nbsp;&nbsp;**Materials — 0.2%** |  |
| &nbsp;&nbsp; 32000 | &nbsp;&nbsp;LYB International Finance III LLC, 5.875%, 1/15/36 | &nbsp;&nbsp; 32126 |
| &nbsp;&nbsp; 38000 | &nbsp;&nbsp;Rio Tinto Finance USA PLC (Australia), 5.250%, 3/14/35 | &nbsp;&nbsp; 38619 |
| &nbsp;&nbsp; 44000 | &nbsp;&nbsp;Sherwin-Williams Co. (The), 4.500%, 6/1/47 | &nbsp;&nbsp; 36648 |
|  |  | &nbsp;&nbsp; 107393 |
|  | &nbsp;&nbsp;**Total Corporate Bonds** | &nbsp;&nbsp; $6393888 |
|  | &nbsp;&nbsp;**U.S. Treasury Obligations — 13.4%** | &nbsp;&nbsp;**U.S. Treasury Obligations — 13.4%** |
| &nbsp;&nbsp; 300000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.625%, 11/15/45 | &nbsp;&nbsp; 289922 |
| &nbsp;&nbsp; 211000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.750%, 8/15/55 | &nbsp;&nbsp; 206154 |
| &nbsp;&nbsp; 652334 | &nbsp;&nbsp;U.S. Treasury Inflation Indexed Notes, 2.375%, 2/15/56 | &nbsp;&nbsp; 607537 |
| &nbsp;&nbsp; 5000 | &nbsp;&nbsp;U.S. Treasury Note, 3.500%, 1/31/28 | &nbsp;&nbsp; 4971 |
| &nbsp;&nbsp;1165000 | &nbsp;&nbsp;U.S. Treasury Note, 3.625%, 12/31/30 | &nbsp;&nbsp; 1149300 |
| &nbsp;&nbsp;1455000 | &nbsp;&nbsp;U.S. Treasury Note, 3.750%, 4/15/28 | &nbsp;&nbsp; 1452897 |
| &nbsp;&nbsp; 960000 | &nbsp;&nbsp;U.S. Treasury Note, 4.000%, 5/31/30 | &nbsp;&nbsp; 963375 |
| &nbsp;&nbsp;1139000 | &nbsp;&nbsp;U.S. Treasury Note, 4.000%, 11/15/35 | &nbsp;&nbsp; 1111949 |
| &nbsp;&nbsp; 155000 | &nbsp;&nbsp;U.S. Treasury Note, 4.125%, 2/15/36 | &nbsp;&nbsp; 152699 |
|  | &nbsp;&nbsp;**Total U.S. Treasury Obligations** | &nbsp;&nbsp; $5938804 |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 3.1%** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 3.1%** |
| &nbsp;&nbsp; 114978 | &nbsp;&nbsp;CIM Trust, Ser 2021-J3, Class A7, 144a, 2.500%, 6/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 102895 |
| &nbsp;&nbsp; 130622 | &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2021-4, Class A1, 144a, 2.500%, 6/1/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 109043 |
| &nbsp;&nbsp; 63407 | &nbsp;&nbsp;Flagstar Mortgage Trust, Ser 2021-5INV, Class A16, 144a, 2.500%, 7/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 52344 |
| &nbsp;&nbsp; 169265 | &nbsp;&nbsp;GS Mortgage-Backed Securities Trust, Ser 2021-PJ10, Class A8, 144a, 2.500%, 3/25/52<sup>(A)(B)</sup> | &nbsp;&nbsp; 151309 |

---

------

Touchstone Balanced Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **MarketValue** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 3.1%<br> (Continued)** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 3.1%<br> (Continued)** |
| $73316 | &nbsp;&nbsp;GS Mortgage-Backed Securities Trust, Ser 2021-PJ9, Class A8, 144a, 2.500%, 2/26/52<sup>(A)(B)</sup> | $65652 |
| &nbsp;&nbsp; 109708 | &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2021-13, Class A4, 144a, 2.500%, 4/25/52<sup>(A)(B)</sup> | &nbsp;&nbsp; 98742 |
| &nbsp;&nbsp; 65277 | &nbsp;&nbsp;Mello Mortgage Capital Acceptance, Ser 2021-MTG3, Class A9, 144a, 2.500%, 7/1/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 59108 |
| &nbsp;&nbsp; 121425 | &nbsp;&nbsp;New Residential Mortgage Loan Trust, Ser 2021-INV2, Class A7, 144a, 2.500%, 9/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 109895 |
| &nbsp;&nbsp; 136898 | &nbsp;&nbsp;Provident Funding Mortgage Trust, Ser 2021-J1, Class A3, 144a, 2.500%, 10/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 122187 |
| &nbsp;&nbsp; 127895 | &nbsp;&nbsp;PSMC Trust, Ser 2021-3, Class A3, 144a, 2.500%, 8/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 115687 |
| &nbsp;&nbsp; 82059 | &nbsp;&nbsp;Rate Mortgage Trust, Ser 2021-HB1, Class A7, 144a, 2.500%, 12/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 73108 |
| &nbsp;&nbsp; 131049 | &nbsp;&nbsp;Rate Mortgage Trust, Ser 2021-J3, Class A7, 144a, 2.500%, 10/25/51<sup>(A)(B)</sup> | &nbsp;&nbsp; 116959 |
| &nbsp;&nbsp; 125817 | &nbsp;&nbsp;Rate Mortgage Trust, Ser 2022-J1, Class A9, 144a, 2.500%, 1/25/52<sup>(A)(B)</sup> | &nbsp;&nbsp; 111905 |
| &nbsp;&nbsp; 95000 | &nbsp;&nbsp;Towd Point Mortgage Trust, Ser 2020-4, Class A2, 144a, 2.500%, 10/25/60 | &nbsp;&nbsp; 78195 |
|  | &nbsp;&nbsp;**Total Non-Agency Collateralized Mortgage Obligations** | &nbsp;&nbsp; $1367029 |
|  | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 1.6%** | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 1.6%** |
| &nbsp;&nbsp; 60000 | &nbsp;&nbsp;BANK, Ser 2020-BN26, Class A4, 2.403%, 3/15/63 | &nbsp;&nbsp; 54858 |
| &nbsp;&nbsp; 280000 | &nbsp;&nbsp;BANK, Ser 2021-BN37, Class A5, 2.618%, 11/15/64<sup>(A)(B)</sup> | &nbsp;&nbsp; 249191 |
| &nbsp;&nbsp; 255000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2020-GC46, Class A5, 2.717%, 2/15/53 | &nbsp;&nbsp; 235384 |
| &nbsp;&nbsp; 170000 | &nbsp;&nbsp;Wells Fargo Commercial Mortgage Trust, Ser 2019-C51, Class A4, 3.311%, 6/15/52 | &nbsp;&nbsp; 162142 |
|  | &nbsp;&nbsp;**Total Commercial Mortgage-Backed Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $701575 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Exchange-Traded Fund — 1.0%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;11938 | &nbsp;&nbsp;iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;439796 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  |  |
|  | &nbsp;&nbsp;**U.S. Government Mortgage-Backed Obligations — 0.3%** | &nbsp;&nbsp;**U.S. Government Mortgage-Backed Obligations — 0.3%** |
| $50452 | &nbsp;&nbsp;FHLMC, Pool #Q29260, 4.000%, 10/1/44 | &nbsp;&nbsp; 48642 |
| &nbsp;&nbsp; 24783 | &nbsp;&nbsp;FNMA, Pool #725423, 5.500%, 5/1/34 | &nbsp;&nbsp; 25268 |
| &nbsp;&nbsp; 22660 | &nbsp;&nbsp;FNMA, Pool #725610, 5.500%, 7/1/34 | &nbsp;&nbsp; 23043 |
| &nbsp;&nbsp; 5816 | &nbsp;&nbsp;FNMA, Pool #890310, 4.500%, 12/1/40 | &nbsp;&nbsp; 5756 |
| &nbsp;&nbsp; 21130 | &nbsp;&nbsp;FNMA, Pool #AD9193, 5.000%, 9/1/40 | &nbsp;&nbsp; 21354 |
|  | &nbsp;&nbsp;**Total U.S. Government Mortgage-Backed Obligations** | &nbsp;&nbsp;&nbsp;&nbsp; $124063 |
|  | &nbsp;&nbsp;**Sovereign Government Obligations — 0.1%** | &nbsp;&nbsp;**Sovereign Government Obligations — 0.1%** |
| &nbsp;&nbsp; 47000 | &nbsp;&nbsp;Republic of Poland Government International Bond, 5.500%, 3/18/54 | &nbsp;&nbsp; 43442 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Short-Term Investment Fund — 1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;797877 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>∞Ω</sup> | &nbsp;&nbsp; 797877 |
|  | &nbsp;&nbsp;**Total Investment Securities—99.8%<br> (Cost $31,221,083)** | $44052342 |
|  | &nbsp;&nbsp;**Other Assets in Excess of Liabilities — 0.2%** | &nbsp;&nbsp; 79182 |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $44131524 |

---

*(A)* *Variable rate security - Rate reflected is the rate in effect as of March 31, 2026.* 

---

| | |
|:---|:---|
| *(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.* |
| *\** | *Non-income producing security.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of March 31, 2026.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *ADR – American Depositary Receipt* |
| *DAC – Designated Activity Company* |
| *ETF – Exchange-Traded Fund* |
| *FHLMC – Federal Home Loan Mortgage Corporation* |
| *FNMA – Federal National Mortgage Association* |
| *LLC – Limited Liability Company* |
| *LP – Limited Partnership* |
| *MTN – Medium Term Note* |
| *PLC – Public Limited Company* |
| *REIT – Real Estate Investment Trust* |
| *TSFR3M – Three Month Term Secured Overnight Financing Rate* |
| *USD – United States Dollar* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, these securities were valued at $2,964,553 or 6.7% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

#### 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* | *$28245868* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$—* | *$28245868* |
| *Corporate Bonds* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*6393888* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*6393888* |
| *U.S. Treasury Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*5938804* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*5938804* |
| *Non-Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1367029* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1367029* |
| *Commercial Mortgage-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*701575* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*701575* |
| *Exchange-Traded Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*439796* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*439796* |
| *U.S. Government Mortgage-Backed Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*124063* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*124063* |
| *Sovereign Government Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*43442* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*43442* |
| *Short-Term Investment Fund* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*797877* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*797877* |
| *Total* | *$29483541* | *$14568801* | *$—* | *$44052342* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Bond Fund – March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**U.S. Treasury Obligations — 40.9%** | &nbsp;&nbsp;**U.S. Treasury Obligations — 40.9%** |
| $830000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.250%, 8/15/54 | $745444 |
| &nbsp;&nbsp; 570000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.625%, 11/15/45 | &nbsp;&nbsp; 550852 |
| &nbsp;&nbsp; 90000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.625%, 11/15/55 | &nbsp;&nbsp; 86217 |
| &nbsp;&nbsp;1450000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.750%, 2/15/45 | &nbsp;&nbsp; 1427400 |
| &nbsp;&nbsp; 67000 | &nbsp;&nbsp;U.S. Treasury Bond, 4.750%, 8/15/55 | &nbsp;&nbsp; 65461 |
| &nbsp;&nbsp;2032270 | &nbsp;&nbsp;U.S. Treasury Inflation Indexed Notes, 2.375%, 2/15/56 | &nbsp;&nbsp; 1892712 |
| &nbsp;&nbsp;2665000 | &nbsp;&nbsp;U.S. Treasury Note, 3.500%, 1/31/28 | &nbsp;&nbsp; 2649593 |
| &nbsp;&nbsp;2285000 | &nbsp;&nbsp;U.S. Treasury Note, 3.625%, 12/31/30 | &nbsp;&nbsp; 2254206 |
| &nbsp;&nbsp;2765000 | &nbsp;&nbsp;U.S. Treasury Note, 3.750%, 4/15/28 | &nbsp;&nbsp; 2761004 |
| &nbsp;&nbsp;3050000 | &nbsp;&nbsp;U.S. Treasury Note, 4.000%, 5/31/30 | &nbsp;&nbsp; 3060723 |
| &nbsp;&nbsp;3664000 | &nbsp;&nbsp;U.S. Treasury Note, 4.000%, 11/15/35 | &nbsp;&nbsp; 3576980 |
| &nbsp;&nbsp; 485000 | &nbsp;&nbsp;U.S. Treasury Note, 4.250%, 8/15/35 | &nbsp;&nbsp; 483560 |
|  | &nbsp;&nbsp;**Total U.S. Treasury Obligations** | $19554152 |
|  | &nbsp;&nbsp;**Corporate Bonds — 37.3%** |  |
|  | &nbsp;&nbsp;**Financials — 9.6%** |  |
| &nbsp;&nbsp; 136000 | &nbsp;&nbsp;AerCap Ireland Capital DAC / AerCap Global Aviation Trust (Ireland), 6.150%, 9/30/30 | &nbsp;&nbsp; 142917 |
| &nbsp;&nbsp; 178000 | &nbsp;&nbsp;American Express Co., 5.282%, 7/27/29 | &nbsp;&nbsp; 181233 |
| &nbsp;&nbsp; 101000 | &nbsp;&nbsp;Bank of America Corp., 2.687%, 4/22/32 | &nbsp;&nbsp; 91527 |
| &nbsp;&nbsp; 126000 | &nbsp;&nbsp;Bank of America Corp., 3.705%, 4/24/28 | &nbsp;&nbsp; 125042 |
| &nbsp;&nbsp; 39000 | &nbsp;&nbsp;Bank of America Corp., 5.511%, 1/24/36 | &nbsp;&nbsp; 39791 |
| &nbsp;&nbsp; 168000 | &nbsp;&nbsp;Bank of Montreal (Canada), 3.803%, 12/15/32 | &nbsp;&nbsp; 165206 |
| &nbsp;&nbsp; 154000 | &nbsp;&nbsp;Bank of New York Mellon Corp. (The), 5.834%, 10/25/33 | &nbsp;&nbsp; 163259 |
| &nbsp;&nbsp; 187000 | &nbsp;&nbsp;Barclays PLC (United Kingdom), 2.894%, 11/24/32 | &nbsp;&nbsp; 167006 |
| &nbsp;&nbsp; 89000 | &nbsp;&nbsp;Berkshire Hathaway Finance Corp., 4.250%, 1/15/49 | &nbsp;&nbsp; 73163 |
| &nbsp;&nbsp; 189000 | &nbsp;&nbsp;Citigroup, Inc., 4.542%, 9/19/30 | &nbsp;&nbsp; 188371 |
| &nbsp;&nbsp; 91000 | &nbsp;&nbsp;Citigroup, Inc., 6.174%, 5/25/34 | &nbsp;&nbsp; 94233 |
| &nbsp;&nbsp; 155000 | &nbsp;&nbsp;Citizens Bank NA, 4.575%, 8/9/28 | &nbsp;&nbsp; 155075 |
| &nbsp;&nbsp; 108000 | &nbsp;&nbsp;First Maryland Capital I, (TSFR3M + 1.262%), 4.934%, 1/15/27<sup>(A)</sup> | &nbsp;&nbsp; 106972 |
| &nbsp;&nbsp; 177000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 2.615%, 4/22/32 | &nbsp;&nbsp; 158891 |
| &nbsp;&nbsp; 92000 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The), 3.691%, 6/5/28 | &nbsp;&nbsp; 91183 |
| &nbsp;&nbsp; 92000 | &nbsp;&nbsp;Guardian Life Global Funding, 144a, 4.327%, 10/6/30 | &nbsp;&nbsp; 90927 |
| &nbsp;&nbsp; 129000 | &nbsp;&nbsp;JPMorgan Chase & Co., 2.956%, 5/13/31 | &nbsp;&nbsp; 120198 |
| &nbsp;&nbsp; 168000 | &nbsp;&nbsp;JPMorgan Chase & Co., 3.509%, 1/23/29 | &nbsp;&nbsp; 165276 |
| &nbsp;&nbsp; 41000 | &nbsp;&nbsp;JPMorgan Chase & Co., 4.946%, 10/22/35 | &nbsp;&nbsp; 40555 |
| &nbsp;&nbsp; 129000 | &nbsp;&nbsp;Macquarie Airfinance Holdings Ltd. (United Kingdom), 144a, 6.400%, 3/26/29 | &nbsp;&nbsp; 133644 |
| &nbsp;&nbsp; 94000 | &nbsp;&nbsp;Marsh & McLennan Cos., Inc., 5.350%, 11/15/44 | &nbsp;&nbsp; 89071 |
| &nbsp;&nbsp; 188000 | &nbsp;&nbsp;Mastercard, Inc., 2.000%, 11/18/31 | &nbsp;&nbsp; 166179 |
| &nbsp;&nbsp; 194000 | &nbsp;&nbsp;Morgan Stanley, 2.484%, 9/16/36 | &nbsp;&nbsp; 166944 |
| &nbsp;&nbsp; 138000 | &nbsp;&nbsp;New York Life Global Funding, 144a, 4.550%, 1/28/33 | &nbsp;&nbsp; 135978 |
| &nbsp;&nbsp; 198000 | &nbsp;&nbsp;Northwestern Mutual Life Insurance Co. (The), 144a, 3.850%, 9/30/47 | &nbsp;&nbsp; 150725 |
| &nbsp;&nbsp; 136000 | &nbsp;&nbsp;PNC Capital Trust, (TSFR3M + 0.832%), 4.499%, 6/1/28<sup>(A)</sup> | &nbsp;&nbsp; 134166 |
| &nbsp;&nbsp; 152000 | &nbsp;&nbsp;Royal Bank of Canada (Canada), 4.969%, 8/2/30 | &nbsp;&nbsp; 153924 |
| &nbsp;&nbsp; 10000 | &nbsp;&nbsp;SBL Holdings, Inc., 144a, 9.508%<sup>(B)</sup> | &nbsp;&nbsp; 9751 |
| &nbsp;&nbsp; 245000 | &nbsp;&nbsp;State Street Corp., (TSFR3M + 1.262%), 4.936%, 6/15/47<sup>(A)</sup> | &nbsp;&nbsp; 212638 |
| &nbsp;&nbsp; 194000 | &nbsp;&nbsp;Teachers Insurance & Annuity Association of America, 144a, 3.300%, 5/15/50 | &nbsp;&nbsp; 129557 |
| &nbsp;&nbsp; 260000 | &nbsp;&nbsp;Truist Financial Corp., Ser A, (TSFR3M + 0.932%), 4.584%, 5/15/27<sup>(A)</sup> | &nbsp;&nbsp; 257040 |
| &nbsp;&nbsp; 200000 | &nbsp;&nbsp;UBS Group AG (Switzerland), 144a, 4.588%, 8/10/32 | &nbsp;&nbsp; 196530 |
| &nbsp;&nbsp; 119000 | &nbsp;&nbsp;US Bancorp, 4.967%, 7/22/33 | &nbsp;&nbsp; 117704 |
| &nbsp;&nbsp; 202000 | &nbsp;&nbsp;Wells Fargo & Co., 4.960%, 1/23/37 | &nbsp;&nbsp; 196928 |
|  |  | &nbsp;&nbsp; 4611604 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 4.8%** |  |
| &nbsp;&nbsp; 215000 | &nbsp;&nbsp;7-Eleven, Inc., 144a, 1.800%, 2/10/31 | &nbsp;&nbsp; 186109 |
| &nbsp;&nbsp; 48000 | &nbsp;&nbsp;Amazon.com, Inc., 5.800%, 3/13/56 | &nbsp;&nbsp; 48121 |
| &nbsp;&nbsp; 76000 | &nbsp;&nbsp;Amazon.com, Inc., 5.950%, 3/13/66 | &nbsp;&nbsp; 76408 |
| &nbsp;&nbsp; 162000 | &nbsp;&nbsp;BMW US Capital LLC (Germany), 144a, 4.500%, 8/11/30 | &nbsp;&nbsp; 160178 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 37.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Consumer Discretionary — 4.8% (Continued)** |  |
| $172000 | &nbsp;&nbsp;Ferguson Enterprises, Inc., 4.350%, 3/15/31 | $169156 |
| &nbsp;&nbsp; 338000 | &nbsp;&nbsp;General Motors Financial Co., Inc., 3.100%, 1/12/32 | &nbsp;&nbsp; 303265 |
| &nbsp;&nbsp; 112000 | &nbsp;&nbsp;Gildan Activewear, Inc. (Canada), 144a, 4.700%, 10/7/30 | &nbsp;&nbsp; 110824 |
| &nbsp;&nbsp; 94000 | &nbsp;&nbsp;Gildan Activewear, Inc. (Canada), 144a, 5.400%, 10/7/35 | &nbsp;&nbsp; 91683 |
| &nbsp;&nbsp; 114000 | &nbsp;&nbsp;Home Depot, Inc. (The), 5.950%, 4/1/41 | &nbsp;&nbsp; 120146 |
| &nbsp;&nbsp; 119000 | &nbsp;&nbsp;Hyundai Capital America, 144a, 5.350%, 3/19/29 | &nbsp;&nbsp; 121171 |
| &nbsp;&nbsp; 155000 | &nbsp;&nbsp;Lowe's Cos., Inc., 4.500%, 4/15/30 | &nbsp;&nbsp; 155012 |
| &nbsp;&nbsp; 124000 | &nbsp;&nbsp;Mattel, Inc., 5.450%, 11/1/41 | &nbsp;&nbsp; 112304 |
| &nbsp;&nbsp; 169000 | &nbsp;&nbsp;Meritage Homes Corp., 144a, 3.875%, 4/15/29 | &nbsp;&nbsp; 164542 |
| &nbsp;&nbsp; 208000 | &nbsp;&nbsp;Polaris, Inc., 5.600%, 3/1/31 | &nbsp;&nbsp; 206164 |
| &nbsp;&nbsp; 93000 | &nbsp;&nbsp;Toyota Motor Credit Corp., MTN, 4.650%, 1/5/29 | &nbsp;&nbsp; 93978 |
| &nbsp;&nbsp; 176000 | &nbsp;&nbsp;United Airlines, Inc., 144a, 4.625%, 4/15/29 | &nbsp;&nbsp; 172558 |
|  |  | &nbsp;&nbsp; 2291619 |
|  | &nbsp;&nbsp;**Consumer Staples — 3.6%** |  |
| &nbsp;&nbsp; 143000 | &nbsp;&nbsp;Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc. (Belgium), 4.900%, 2/1/46 | &nbsp;&nbsp; 129120 |
| &nbsp;&nbsp; 152000 | &nbsp;&nbsp;Ashtead Capital, Inc. (United Kingdom), 144a, 4.000%, 5/1/28 | &nbsp;&nbsp; 149845 |
| &nbsp;&nbsp; 138000 | &nbsp;&nbsp;BAT Capital Corp. (United Kingdom), 2.259%, 3/25/28 | &nbsp;&nbsp; 132441 |
| &nbsp;&nbsp; 116000 | &nbsp;&nbsp;Cargill, Inc., 144a, 4.760%, 11/23/45 | &nbsp;&nbsp; 102879 |
| &nbsp;&nbsp; 225000 | &nbsp;&nbsp;Coca-Cola Co. (The), 2.500%, 3/15/51 | &nbsp;&nbsp; 132539 |
| &nbsp;&nbsp; 184000 | &nbsp;&nbsp;Element Fleet Management Corp. (Canada), 144a, 5.037%, 3/25/30 | &nbsp;&nbsp; 185758 |
| &nbsp;&nbsp; 118000 | &nbsp;&nbsp;ERAC USA Finance LLC, 144a, 4.200%, 11/1/46 | &nbsp;&nbsp; 95508 |
| &nbsp;&nbsp; 156000 | &nbsp;&nbsp;Global Payments, Inc., 5.200%, 11/15/32 | &nbsp;&nbsp; 151416 |
| &nbsp;&nbsp; 107000 | &nbsp;&nbsp;Kroger Co. (The), 5.000%, 4/15/42 | &nbsp;&nbsp; 99409 |
| &nbsp;&nbsp; 35000 | &nbsp;&nbsp;Mars, Inc., 144a, 3.600%, 4/1/34 | &nbsp;&nbsp; 31951 |
| &nbsp;&nbsp; 154000 | &nbsp;&nbsp;Mars, Inc., 144a, 5.200%, 3/1/35 | &nbsp;&nbsp; 155567 |
| &nbsp;&nbsp; 188000 | &nbsp;&nbsp;Philip Morris International, Inc., 5.375%, 2/15/33 | &nbsp;&nbsp; 193089 |
| &nbsp;&nbsp; 83000 | &nbsp;&nbsp;Starbucks Corp., 3.350%, 3/12/50 | &nbsp;&nbsp; 56011 |
| &nbsp;&nbsp; 99000 | &nbsp;&nbsp;Walmart, Inc., 4.500%, 9/9/52 | &nbsp;&nbsp; 85482 |
|  |  | &nbsp;&nbsp; 1701015 |
|  | &nbsp;&nbsp;**Energy — 3.5%** |  |
| &nbsp;&nbsp; 135000 | &nbsp;&nbsp;Aker BP ASA (Norway), 144a, 5.125%, 10/1/34 | &nbsp;&nbsp; 132195 |
| &nbsp;&nbsp; 116000 | &nbsp;&nbsp;Cheniere Energy Partners LP, 3.250%, 1/31/32 | &nbsp;&nbsp; 105720 |
| &nbsp;&nbsp; 229000 | &nbsp;&nbsp;DCP Midstream Operating LP, 144a, 6.750%, 9/15/37 | &nbsp;&nbsp; 248036 |
| &nbsp;&nbsp; 168000 | &nbsp;&nbsp;Energy Transfer LP, 6.300%, 1/15/56 | &nbsp;&nbsp; 165809 |
| &nbsp;&nbsp; 128000 | &nbsp;&nbsp;HF Sinclair Corp., 5.000%, 2/1/28 | &nbsp;&nbsp; 127985 |
| &nbsp;&nbsp; 174891 | &nbsp;&nbsp;MC Brazil Downstream Trading SARL (Brazil), 144a, 7.250%, 6/30/31 | &nbsp;&nbsp; 156504 |
| &nbsp;&nbsp; 198000 | &nbsp;&nbsp;Midwest Connector Capital Co. LLC, 144a, 4.625%, 4/1/29 | &nbsp;&nbsp; 196874 |
| &nbsp;&nbsp; 93000 | &nbsp;&nbsp;NGPL PipeCo LLC, 144a, 7.768%, 12/15/37 | &nbsp;&nbsp; 107732 |
| &nbsp;&nbsp; 125000 | &nbsp;&nbsp;Occidental Petroleum Corp., 7.950%, 6/15/39 | &nbsp;&nbsp; 145925 |
| &nbsp;&nbsp; 206000 | &nbsp;&nbsp;Sempra Infrastructure Partners LP, 144a, 3.250%, 1/15/32 | &nbsp;&nbsp; 182080 |
| &nbsp;&nbsp; 151000 | &nbsp;&nbsp;Western Midstream Operating LP, 5.250%, 2/1/50 | &nbsp;&nbsp; 127449 |
|  |  | &nbsp;&nbsp; 1696309 |
|  | &nbsp;&nbsp;**Health Care — 3.4%** |  |
| &nbsp;&nbsp; 142000 | &nbsp;&nbsp;AbbVie, Inc., 4.450%, 5/14/46 | &nbsp;&nbsp; 122113 |
| &nbsp;&nbsp; 118000 | &nbsp;&nbsp;Alcon Finance Corp. (Switzerland), 144a, 3.800%, 9/23/49 | &nbsp;&nbsp; 87895 |
| &nbsp;&nbsp; 152000 | &nbsp;&nbsp;Amgen, Inc., 5.150%, 3/2/28 | &nbsp;&nbsp; 154221 |
| &nbsp;&nbsp; 136000 | &nbsp;&nbsp;Augusta SpinCo Corp., 4.656%, 3/23/31 | &nbsp;&nbsp; 135334 |
| &nbsp;&nbsp; 132000 | &nbsp;&nbsp;CommonSpirit Health, 4.187%, 10/1/49 | &nbsp;&nbsp; 101178 |
| &nbsp;&nbsp; 121000 | &nbsp;&nbsp;CVS Health Corp., 5.125%, 7/20/45 | &nbsp;&nbsp; 106675 |
| &nbsp;&nbsp; 147000 | &nbsp;&nbsp;DH Europe Finance II Sarl, 3.250%, 11/15/39 | &nbsp;&nbsp; 118073 |
| &nbsp;&nbsp; 136000 | &nbsp;&nbsp;Elevance Health, Inc., 4.750%, 2/15/33 | &nbsp;&nbsp; 133980 |
| &nbsp;&nbsp; 170000 | &nbsp;&nbsp;HCA, Inc., 5.500%, 3/1/32 | &nbsp;&nbsp; 174345 |
| &nbsp;&nbsp; 235000 | &nbsp;&nbsp;Medline Borrower LP, 144a, 3.875%, 4/1/29 | &nbsp;&nbsp; 227298 |
| &nbsp;&nbsp; 17000 | &nbsp;&nbsp;Tenet Healthcare Corp., 6.125%, 10/1/28 | &nbsp;&nbsp; 17024 |

---

------

Touchstone Bond Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 37.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Health Care — 3.4% (Continued)** |  |
| $113000 | &nbsp;&nbsp;Thermo Fisher Scientific, Inc., 5.404%, 8/10/43 | $111942 |
| &nbsp;&nbsp; 156000 | &nbsp;&nbsp;UnitedHealth Group, Inc., 3.500%, 8/15/39 | &nbsp;&nbsp; 126298 |
|  |  | &nbsp;&nbsp; 1616376 |
|  | &nbsp;&nbsp;**Industrials — 2.8%** |  |
| &nbsp;&nbsp; 136000 | &nbsp;&nbsp;Amcor Flexibles North America, Inc., 2.630%, 6/19/30 | &nbsp;&nbsp; 125147 |
| &nbsp;&nbsp; 142000 | &nbsp;&nbsp;Burlington Northern Santa Fe LLC, 5.750%, 5/1/40 | &nbsp;&nbsp; 147640 |
| &nbsp;&nbsp; 179000 | &nbsp;&nbsp;Canadian Pacific Railway Co. (Canada), 3.000%, 12/2/41 | &nbsp;&nbsp; 131595 |
| &nbsp;&nbsp; 139000 | &nbsp;&nbsp;Eaton Corp., 4.500%, 3/6/33 | &nbsp;&nbsp; 137153 |
| &nbsp;&nbsp; 111000 | &nbsp;&nbsp;John Deere Capital Corp., MTN, 5.100%, 4/11/34 | &nbsp;&nbsp; 113089 |
| &nbsp;&nbsp; 122000 | &nbsp;&nbsp;Norfolk Southern Corp., 4.837%, 10/1/41 | &nbsp;&nbsp; 112361 |
| &nbsp;&nbsp; 293000 | &nbsp;&nbsp;Textron Financial Corp., 144a, (TSFR3M + 1.997%), 5.649%, 2/15/42<sup>(A)</sup> | &nbsp;&nbsp; 262400 |
| &nbsp;&nbsp; 145000 | &nbsp;&nbsp;Timken Co. (The), 4.500%, 12/15/28 | &nbsp;&nbsp; 144607 |
| &nbsp;&nbsp; 160000 | &nbsp;&nbsp;United Parcel Service, Inc., 5.950%, 5/14/55 | &nbsp;&nbsp; 161357 |
|  |  | &nbsp;&nbsp; 1335349 |
|  | &nbsp;&nbsp;**Information Technology — 2.7%** |  |
| &nbsp;&nbsp; 170000 | &nbsp;&nbsp;Apple, Inc., 4.650%, 2/23/46 | &nbsp;&nbsp; 152853 |
| &nbsp;&nbsp; 12000 | &nbsp;&nbsp;Broadcom, Inc., 3.419%, 4/15/33 | &nbsp;&nbsp; 10976 |
| &nbsp;&nbsp; 217000 | &nbsp;&nbsp;Broadcom, Inc., 4.150%, 11/15/30 | &nbsp;&nbsp; 213604 |
| &nbsp;&nbsp; 203000 | &nbsp;&nbsp;Cisco Systems, Inc., 4.850%, 2/26/29 | &nbsp;&nbsp; 206730 |
| &nbsp;&nbsp; 112000 | &nbsp;&nbsp;Dell International LLC / EMC Corp., 4.850%, 2/1/35 | &nbsp;&nbsp; 108415 |
| &nbsp;&nbsp; 210000 | &nbsp;&nbsp;Microsoft Corp., 2.525%, 6/1/50 | &nbsp;&nbsp; 126190 |
| &nbsp;&nbsp; 92000 | &nbsp;&nbsp;Oracle Corp., 4.700%, 9/27/34 | &nbsp;&nbsp; 84022 |
| &nbsp;&nbsp; 100000 | &nbsp;&nbsp;Oracle Corp., 5.950%, 9/26/55 | &nbsp;&nbsp; 84279 |
| &nbsp;&nbsp; 176000 | &nbsp;&nbsp;Salesforce, Inc., 5.550%, 3/15/36 | &nbsp;&nbsp; 175512 |
| &nbsp;&nbsp; 126000 | &nbsp;&nbsp;Texas Instruments, Inc., 5.100%, 5/23/35 | &nbsp;&nbsp; 127612 |
|  |  | &nbsp;&nbsp; 1290193 |
|  | &nbsp;&nbsp;**Communication Services — 2.6%** |  |
| &nbsp;&nbsp; 130000 | &nbsp;&nbsp;Alphabet, Inc., 5.500%, 2/15/46 | &nbsp;&nbsp; 129083 |
| &nbsp;&nbsp; 100000 | &nbsp;&nbsp;AT&T, Inc., 3.800%, 12/1/57 | &nbsp;&nbsp; 67698 |
| &nbsp;&nbsp; 120000 | &nbsp;&nbsp;AT&T, Inc., 4.500%, 5/15/35 | &nbsp;&nbsp; 113823 |
| &nbsp;&nbsp; 103000 | &nbsp;&nbsp;Charter Communications Operating LLC / Charter Communications Operating Capital, 6.484%, 10/23/45 | &nbsp;&nbsp; 95122 |
| &nbsp;&nbsp; 122000 | &nbsp;&nbsp;Comcast Corp., 4.000%, 3/1/48 | &nbsp;&nbsp; 89956 |
| &nbsp;&nbsp; 172000 | &nbsp;&nbsp;Meta Platforms, Inc., 4.875%, 11/15/35 | &nbsp;&nbsp; 168811 |
| &nbsp;&nbsp; 168000 | &nbsp;&nbsp;T-Mobile USA, Inc., 3.875%, 4/15/30 | &nbsp;&nbsp; 163620 |
| &nbsp;&nbsp; 74000 | &nbsp;&nbsp;T-Mobile USA, Inc., 5.750%, 1/15/54 | &nbsp;&nbsp; 71022 |
| &nbsp;&nbsp; 170000 | &nbsp;&nbsp;Verizon Communications, Inc., 2.987%, 10/30/56 | &nbsp;&nbsp; 100096 |
| &nbsp;&nbsp; 68000 | &nbsp;&nbsp;Verizon Communications, Inc., 5.875%, 11/30/55 | &nbsp;&nbsp; 66236 |
| &nbsp;&nbsp; 176000 | &nbsp;&nbsp;Videotron Ltd. (Canada), 144a, 3.625%, 6/15/29 | &nbsp;&nbsp; 170338 |
|  |  | &nbsp;&nbsp; 1235805 |
|  | &nbsp;&nbsp;**Utilities — 2.0%** |  |
| &nbsp;&nbsp; 100000 | &nbsp;&nbsp;Capital Power US Holdings, Inc. (Canada), 144a, 6.189%, 6/1/35 | &nbsp;&nbsp; 102450 |
| &nbsp;&nbsp; 220000 | &nbsp;&nbsp;CMS Energy Corp., 4.750%, 6/1/50 | &nbsp;&nbsp; 213269 |
| &nbsp;&nbsp; 178000 | &nbsp;&nbsp;Duke Energy Progress LLC, 4.150%, 12/1/44 | &nbsp;&nbsp; 144979 |
| &nbsp;&nbsp; 104000 | &nbsp;&nbsp;Edison International, 4.125%, 3/15/28 | &nbsp;&nbsp; 102252 |
| &nbsp;&nbsp; 67000 | &nbsp;&nbsp;Georgia Power Co., 5.950%, 2/1/39 | &nbsp;&nbsp; 69193 |
| &nbsp;&nbsp; 170000 | &nbsp;&nbsp;Ohio Power Co., Ser R, 2.900%, 10/1/51 | &nbsp;&nbsp; 101959 |
| &nbsp;&nbsp; 176000 | &nbsp;&nbsp;Oncor Electric Delivery Co. LLC, 144a, 5.900%, 3/15/56 | &nbsp;&nbsp; 175820 |
| &nbsp;&nbsp; 64000 | &nbsp;&nbsp;PacifiCorp., 5.750%, 4/1/37 | &nbsp;&nbsp; 63343 |
|  |  | &nbsp;&nbsp; 973265 |
|  | &nbsp;&nbsp;**Real Estate — 1.7%** |  |
| &nbsp;&nbsp; 212000 | &nbsp;&nbsp;American Tower Corp. REIT, 5.900%, 11/15/33 | &nbsp;&nbsp; 222123 |
| &nbsp;&nbsp; 181000 | &nbsp;&nbsp;Crown Castle, Inc. REIT, 4.800%, 9/1/28 | &nbsp;&nbsp; 181865 |
| &nbsp;&nbsp; 192000 | &nbsp;&nbsp;Invitation Homes Operating Partnership LP REIT, 4.150%, 4/15/32 | &nbsp;&nbsp; 180095 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Corporate Bonds — 37.3% (Continued)** |  |
|  | &nbsp;&nbsp;**Real Estate — 1.7% (Continued)** |  |
| $130000 | &nbsp;&nbsp;Store Capital LLC REIT, 2.700%, 12/1/31 | $113062 |
| &nbsp;&nbsp; 95000 | &nbsp;&nbsp;Store Capital LLC REIT, 4.625%, 3/15/29 | &nbsp;&nbsp; 93991 |
|  |  | &nbsp;&nbsp; 791136 |
|  | &nbsp;&nbsp;**Materials — 0.6%** |  |
| &nbsp;&nbsp; 80000 | &nbsp;&nbsp;LYB International Finance III LLC, 5.875%, 1/15/36 | &nbsp;&nbsp; 80314 |
| &nbsp;&nbsp; 88000 | &nbsp;&nbsp;Rio Tinto Finance USA PLC (Australia), 5.250%, 3/14/35 | &nbsp;&nbsp; 89433 |
| &nbsp;&nbsp; 151000 | &nbsp;&nbsp;Sherwin-Williams Co. (The), 4.500%, 6/1/47 | &nbsp;&nbsp; 125771 |
|  |  | &nbsp;&nbsp; 295518 |
|  | &nbsp;&nbsp;**Total Corporate Bonds** | $17838189 |
|  | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 6.1%** | &nbsp;&nbsp;**Commercial Mortgage-Backed Securities — 6.1%** |
| &nbsp;&nbsp; 675000 | &nbsp;&nbsp;BANK, Ser 2018-BN14, Class A3, 3.966%, 9/15/60 | &nbsp;&nbsp; 665919 |
| &nbsp;&nbsp; 285000 | &nbsp;&nbsp;BANK, Ser 2020-BN26, Class A4, 2.403%, 3/15/63 | &nbsp;&nbsp; 260576 |
| &nbsp;&nbsp; 365000 | &nbsp;&nbsp;BANK, Ser 2022-BNK39, Class A4, 2.928%, 2/15/55<sup>(A)(C)</sup> | &nbsp;&nbsp; 329821 |
| &nbsp;&nbsp; 200000 | &nbsp;&nbsp;BMO Mortgage Trust, Ser 2025-5C10, Class B, 6.445%, 5/15/58<sup>(A)(C)</sup> | &nbsp;&nbsp; 208104 |
| &nbsp;&nbsp; 65000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2017-P8, Class AS, 3.789%, 9/15/50<sup>(A)(C)</sup> | &nbsp;&nbsp; 61543 |
| &nbsp;&nbsp; 250000 | &nbsp;&nbsp;Citigroup Commercial Mortgage Trust, Ser 2020-GC46, Class A5, 2.717%, 2/15/53 | &nbsp;&nbsp; 230769 |
| &nbsp;&nbsp; 250000 | &nbsp;&nbsp;GS Mortgage Securities Trust, Ser 2017-FARM, Class B, 144a, 3.541%, 1/10/43<sup>(A)(C)</sup> | &nbsp;&nbsp; 224013 |
| &nbsp;&nbsp; 210000 | &nbsp;&nbsp;HONO Mortgage Trust, Ser 2021-LULU, Class B, 144a, (TSFR1M + 1.564%), 5.237%, 10/15/36<sup>(A)</sup> | &nbsp;&nbsp; 207413 |
| &nbsp;&nbsp; 105000 | &nbsp;&nbsp;JPMBB Commercial Mortgage Securities Trust, Ser 2014-C25, Class AS, 4.065%, 11/15/47 | &nbsp;&nbsp; 101850 |
| &nbsp;&nbsp; 350000 | &nbsp;&nbsp;JPMorgan Chase Commercial Mortgage Securities Trust, Ser 2018-MINN, Class A, 144a, (TSFR1M + 1.317%), 4.990%, 11/15/35<sup>(A)</sup> | &nbsp;&nbsp; 323563 |
| &nbsp;&nbsp; 70000 | &nbsp;&nbsp;UBS Commercial Mortgage Trust, Ser 2017-C1, Class AS, 3.724%, 6/15/50 | &nbsp;&nbsp; 68551 |
| &nbsp;&nbsp; 220000 | &nbsp;&nbsp;Wells Fargo Commercial Mortgage Trust, Ser 2025-5C4, Class B, 6.394%, 5/15/58<sup>(A)(C)</sup> | &nbsp;&nbsp; 227003 |
|  | &nbsp;&nbsp;**Total Commercial Mortgage-Backed Securities** | &nbsp;&nbsp; $2909125 |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 4.8%** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 4.8%** |
| &nbsp;&nbsp; 19767 | &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2013-1, Class B3, 144a, 3.560%, 7/25/43<sup>(A)(C)</sup> | &nbsp;&nbsp; 19240 |
| &nbsp;&nbsp; 64661 | &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2015-4, Class B2, 144a, 3.465%, 6/25/45<sup>(A)(C)</sup> | &nbsp;&nbsp; 63687 |
| &nbsp;&nbsp; 163974 | &nbsp;&nbsp;Agate Bay Mortgage Trust, Ser 2015-7, Class B1, 144a, 3.634%, 10/25/45<sup>(A)(C)</sup> | &nbsp;&nbsp; 157318 |
| &nbsp;&nbsp; 48219 | &nbsp;&nbsp;CSMC Trust, Ser 2013-IVR3, Class B2, 144a, 3.392%, 5/25/43<sup>(A)(C)</sup> | &nbsp;&nbsp; 47529 |
| &nbsp;&nbsp; 134026 | &nbsp;&nbsp;CSMC Trust, Ser 2015-1, Class B3, 144a, 3.876%, 1/25/45<sup>(A)(C)</sup> | &nbsp;&nbsp; 129412 |
| &nbsp;&nbsp; 80398 | &nbsp;&nbsp;CSMC Trust, Ser 2015-WIN1, Class B3, 144a, 3.764%, 12/25/44<sup>(A)(C)</sup> | &nbsp;&nbsp; 77699 |
| &nbsp;&nbsp; 21 | &nbsp;&nbsp;Deutsche ALT-A Securities, Inc. ALT, Ser 2003-2XS, Class A6, 5.470%, 9/25/33<sup>(A)(C)</sup> | &nbsp;&nbsp; 21 |
| &nbsp;&nbsp; 333337 | &nbsp;&nbsp;EverBank Mortgage Loan Trust, Ser 2018-1, Class B2, 144a, 3.557%, 2/25/48<sup>(A)(C)</sup> | &nbsp;&nbsp; 305657 |
| &nbsp;&nbsp; 184108 | &nbsp;&nbsp;GCAT Trust, Ser 2022-NQM2, Class A1, 144a, 4.210%, 2/25/67<sup>(A)(C)</sup> | &nbsp;&nbsp; 183502 |
| &nbsp;&nbsp; 260943 | &nbsp;&nbsp;JP Morgan Mortgage Trust, Ser 2018-8, Class B3, 144a, 4.042%, 1/25/49<sup>(A)(C)</sup> | &nbsp;&nbsp; 239538 |
| &nbsp;&nbsp; 175746 | &nbsp;&nbsp;Mello Mortgage Capital Acceptance, Ser 2021-MTG3, Class A9, 144a, 2.500%, 7/1/51<sup>(A)(C)</sup> | &nbsp;&nbsp; 159137 |
| &nbsp;&nbsp; 289383 | &nbsp;&nbsp;Mill City Mortgage Loan Trust, Ser 2018-3, Class M3, 144a, 3.250%, 8/25/58<sup>(A)(C)</sup> | &nbsp;&nbsp; 258462 |
| &nbsp;&nbsp; 76023 | &nbsp;&nbsp;Residential Asset Securitization Trust, Ser 2006-A1, Class 1A3, 6.000%, 4/25/36 | &nbsp;&nbsp; 31955 |

---

------

Touchstone Bond Fund (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 4.8%<br> (Continued)** | &nbsp;&nbsp;**Non-Agency Collateralized Mortgage Obligations — 4.8%<br> (Continued)** |
| $26445 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-10, Class B2, 144a, 3.537%, 8/25/43<sup>(A)(C)</sup> | $25849 |
| &nbsp;&nbsp; 31087 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2013-5, Class B1, 144a, 3.489%, 5/25/43<sup>(A)(C)</sup> | &nbsp;&nbsp; 30545 |
| &nbsp;&nbsp; 335665 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2018-CH3, Class B2B, 144a, 4.702%, 8/25/48<sup>(A)(C)</sup> | &nbsp;&nbsp; 325868 |
| &nbsp;&nbsp; 229187 | &nbsp;&nbsp;Sequoia Mortgage Trust, Ser 2025-S1, Class A4, 144a, 2.500%, 9/25/54<sup>(A)(C)</sup> | &nbsp;&nbsp; 203915 |
| &nbsp;&nbsp; 18287 | &nbsp;&nbsp;Washington Mutual Mortgage Pass-Through Certificates, Ser 2005-9, Class 2A4, 5.500%, 11/25/35 | &nbsp;&nbsp; 17048 |
|  | &nbsp;&nbsp;**Total Non-Agency Collateralized Mortgage Obligations** | &nbsp;&nbsp; $2276382 |
|  | &nbsp;&nbsp;**U.S. Government Mortgage-Backed Obligations — 3.2%** | &nbsp;&nbsp;**U.S. Government Mortgage-Backed Obligations — 3.2%** |
| &nbsp;&nbsp; 31502 | &nbsp;&nbsp;FHLMC, Pool #A95946, 4.000%, 1/1/41 | &nbsp;&nbsp; 30441 |
| &nbsp;&nbsp; 17766 | &nbsp;&nbsp;FHLMC, Pool #A96485, 4.500%, 1/1/41 | &nbsp;&nbsp; 17604 |
| &nbsp;&nbsp; 6793 | &nbsp;&nbsp;FHLMC, Pool #G03217, 5.500%, 9/1/37 | &nbsp;&nbsp; 6953 |
| &nbsp;&nbsp; 2619 | &nbsp;&nbsp;FHLMC, Pool #G03781, 6.000%, 1/1/38 | &nbsp;&nbsp; 2751 |
| &nbsp;&nbsp; 1199 | &nbsp;&nbsp;FNMA, Pool #561741, 7.500%, 1/1/31 | &nbsp;&nbsp; 1227 |
| &nbsp;&nbsp; 93262 | &nbsp;&nbsp;FNMA, Pool #725423, 5.500%, 5/1/34 | &nbsp;&nbsp; 95088 |
| &nbsp;&nbsp; 83927 | &nbsp;&nbsp;FNMA, Pool #725610, 5.500%, 7/1/34 | &nbsp;&nbsp; 85346 |
| &nbsp;&nbsp; 2379 | &nbsp;&nbsp;FNMA, Pool #889734, 5.500%, 6/1/37 | &nbsp;&nbsp; 2455 |
| &nbsp;&nbsp; 16785 | &nbsp;&nbsp;FNMA, Pool #AB1149, 5.000%, 6/1/40 | &nbsp;&nbsp; 16963 |
| &nbsp;&nbsp; 15592 | &nbsp;&nbsp;FNMA, Pool #AB1800, 4.000%, 11/1/40 | &nbsp;&nbsp; 15052 |
| &nbsp;&nbsp; 26642 | &nbsp;&nbsp;FNMA, Pool #AD3795, 4.500%, 4/1/40 | &nbsp;&nbsp; 26365 |
| &nbsp;&nbsp; 34584 | &nbsp;&nbsp;FNMA, Pool #AD9150, 5.000%, 8/1/40 | &nbsp;&nbsp; 34950 |
| &nbsp;&nbsp; 70434 | &nbsp;&nbsp;FNMA, Pool #AD9193, 5.000%, 9/1/40 | &nbsp;&nbsp; 71180 |
| &nbsp;&nbsp; 45081 | &nbsp;&nbsp;FNMA, Pool #AE0548, 4.500%, 11/1/40 | &nbsp;&nbsp; 44613 |
| &nbsp;&nbsp; 37295 | &nbsp;&nbsp;FNMA, Pool #AE4429, 4.000%, 10/1/40 | &nbsp;&nbsp; 36025 |
| &nbsp;&nbsp; 171796 | &nbsp;&nbsp;FNMA, Pool #AR9195, 3.000%, 3/1/43 | &nbsp;&nbsp; 157583 |
| &nbsp;&nbsp; 146842 | &nbsp;&nbsp;FNMA, Pool #AT2016, 3.000%, 4/1/43 | &nbsp;&nbsp; 134578 |
| &nbsp;&nbsp; 117279 | &nbsp;&nbsp;FNMA, Pool #BC1158, 3.500%, 2/1/46 | &nbsp;&nbsp; 109618 |
| &nbsp;&nbsp; 123476 | &nbsp;&nbsp;FNMA, Pool #FM5468, 2.500%, 1/1/36 | &nbsp;&nbsp; 117205 |
| &nbsp;&nbsp; 222615 | &nbsp;&nbsp;FNMA, Pool #FM5682, 2.500%, 1/1/51 | &nbsp;&nbsp; 190486 |
| &nbsp;&nbsp; 32869 | &nbsp;&nbsp;FNMA, Pool #MA2177, 4.000%, 2/1/35 | &nbsp;&nbsp; 32433 |
| &nbsp;&nbsp; 51127 | &nbsp;&nbsp;GNMA, Pool #4853, 4.000%, 11/20/40 | &nbsp;&nbsp; 49427 |
| &nbsp;&nbsp; 39552 | &nbsp;&nbsp;GNMA, Pool #4883, 4.500%, 12/20/40 | &nbsp;&nbsp; 39178 |
| &nbsp;&nbsp; 156635 | &nbsp;&nbsp;GNMA, Pool #5175, 4.500%, 9/20/41 | &nbsp;&nbsp; 155096 |
| &nbsp;&nbsp; 12099 | &nbsp;&nbsp;GNMA, Pool #736696, 4.500%, 5/15/40 | &nbsp;&nbsp; 11932 |
| &nbsp;&nbsp; 59399 | &nbsp;&nbsp;GNMA, Pool #MA1157, 3.500%, 7/20/43 | &nbsp;&nbsp; 56254 |
|  | &nbsp;&nbsp;**Total U.S. Government Mortgage-Backed Obligations** | &nbsp;&nbsp; $1540803 |
|  | &nbsp;&nbsp;**Asset-Backed Securities — 3.0%** | &nbsp;&nbsp;**Asset-Backed Securities — 3.0%** |
| &nbsp;&nbsp; 175000 | &nbsp;&nbsp;Drive Auto Receivables Trust, Ser 2025-2, Class D, 4.900%, 12/15/32 | &nbsp;&nbsp; 174118 |
| &nbsp;&nbsp; 70658 | &nbsp;&nbsp;Elara HGV Timeshare Issuer LLC, Ser 2019-A, Class B, 144a, 2.910%, 1/25/34 | &nbsp;&nbsp; 70556 |
| &nbsp;&nbsp; 276000 | &nbsp;&nbsp;Jack in the Box Funding LLC, Ser 2022-1A, Class A2I, 144a, 3.445%, 2/26/52 | &nbsp;&nbsp; 267983 |
| &nbsp;&nbsp; 143750 | &nbsp;&nbsp;Jimmy Johns Funding LLC, Ser 2017-1A, Class A2II, 144a, 4.846%, 7/30/47 | &nbsp;&nbsp; 142993 |
| &nbsp;&nbsp; 288750 | &nbsp;&nbsp;Jimmy Johns Funding LLC, Ser 2022-1A, Class A2I, 144a, 4.077%, 4/30/52 | &nbsp;&nbsp; 285751 |
| &nbsp;&nbsp; 384000 | &nbsp;&nbsp;Madison Park Funding XLIX Ltd. (Cayman Islands), Ser 2021-49A, Class B1R, 144a, (TSFR3M + 1.450%), 5.118%, 10/19/34<sup>(A)</sup> | &nbsp;&nbsp; 381504 |
| &nbsp;&nbsp; 139425 | &nbsp;&nbsp;TAL Advantage VII LLC, Ser 2020-1A, Class A, 144a, 2.050%, 9/20/45 | &nbsp;&nbsp; 133643 |
|  | &nbsp;&nbsp;**Total Asset-Backed Securities** | &nbsp;&nbsp; $1456548 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **MarketValue** |
|  | &nbsp;&nbsp;**Exchange-Traded Fund — 2.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;36922 | &nbsp;&nbsp;iShares Broad USD High Yield Corporate Bond ETF<sup>†</sup> | $1360206 |

---

---

| | | |
|:---|:---|:---|
| **Principal<br> Amount** |  |  |
|  | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 0.4%** | &nbsp;&nbsp;**Agency Collateralized Mortgage Obligations — 0.4%** |
| $230000 | &nbsp;&nbsp;FHLMC REMIC, Ser 4991, Class HB, 2.000%, 7/25/50 | &nbsp;&nbsp; 168233 |
| &nbsp;&nbsp; 5233 | &nbsp;&nbsp;FNMA REMIC, Ser 2015-51, Class KC, 3.000%, 6/25/45 | &nbsp;&nbsp; 5033 |
|  | &nbsp;&nbsp;**Total Agency Collateralized Mortgage Obligations** | &nbsp;&nbsp;&nbsp;&nbsp; $173266 |
|  | &nbsp;&nbsp;**Sovereign Government Obligations — 0.2%** | &nbsp;&nbsp;**Sovereign Government Obligations — 0.2%** |
| &nbsp;&nbsp; 103000 | &nbsp;&nbsp;Republic of Poland Government International Bond, 5.500%, 3/18/54 | &nbsp;&nbsp; 95204 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  |  |
|  | &nbsp;&nbsp;**Short-Term Investment Funds — 3.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;241642 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>∞Ω</sup> | &nbsp;&nbsp; 241642 |
| 1375307 | &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 3.58%<sup>∞Ω\*\*</sup> | &nbsp;&nbsp; 1375307 |
|  | &nbsp;&nbsp;**Total Short-Term Investment Funds** | &nbsp;&nbsp; $1616949 |
|  | &nbsp;&nbsp;**Total Investment Securities—102.1%<br> (Cost $50,064,237)** | $48820824 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (2.1%)** | &nbsp;&nbsp;&nbsp; (982309) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $47838515 |

---

---

| | |
|:---|:---|
| *(A)* | *Variable rate security - Rate reflected is the rate in effect as of March 31, 2026.* |
| *(B)* | *Perpetual Bond - A bond or preferred stock with no definite maturity date.* |
| *(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.* |
| *\*\** | *Represents collateral for securities loaned.* |
| *†* | *All or a portion of the security is on loan. The total market value of the securities on loan as of March 31, 2026 was $1,360,170.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of March 31, 2026.* |

---

---

| |
|:---|
| ***Portfolio Abbreviations:*** |
| *DAC – Designated Activity Company* |
| *ETF – Exchange-Traded Fund* |
| *FHLMC – Federal Home Loan Mortgage Corporation* |
| *FNMA – Federal National Mortgage Association* |
| *GNMA – Government National Mortgage Association* |
| *LLC – Limited Liability Company* |
| *LP – Limited Partnership* |
| *MTN – Medium Term Note* |
| *PLC – Public Limited Company* |
| *REIT – Real Estate Investment Trust* |
| *REMIC – Real Estate Mortgage Investment Conduit* |
| *TSFR1M – One Month Term Secured Overnight Financing Rate* |
| *TSFR3M – Three Month Term Secured Overnight Financing Rate* |
| *USD – United States Dollar* |
| *144a - This is a restricted security that was sold in a transaction qualifying for the exemption under Rule 144a of the Securities Act of 1933. This security may be sold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2026, these securities were valued at $8,890,084 or 18.6% of net assets. These securities were deemed liquid pursuant to procedures approved by the Board of Trustees.* |

---

------

Touchstone Bond Fund (Unaudited) (Continued)

*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:*** |  |  |  |  |
| *U.S. Treasury Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$19554152* | *$—* | *$19554152* |
| *Corporate Bonds* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*17838189* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*17838189* |
| *Commercial Mortgage-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*2909125* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*2909125* |
| *Non-Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*2276382* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*2276382* |
| *U.S. Government Mortgage-Backed Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1540803* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1540803* |
| *Asset-Backed Securities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1456548* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1456548* |
| *Exchange-Traded Fund* | &nbsp;&nbsp;&nbsp;*1360206* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1360206* |
| *Agency Collateralized Mortgage Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*173266* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*173266* |
| *Sovereign Government Obligations* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*95204* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*95204* |
| *Short-Term Investment Funds* | &nbsp;&nbsp;&nbsp;*1616949* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1616949* |
| ***Other Financial Instruments*** |  |  |  |  |
| *Futures* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Interest rate contracts* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*3725* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*3725* |
| *Total Assets* | *$2980880* | *$45843669* | *$—* | *$48824549* |
| ***Liabilities:*** |  |  |  |  |
| ***Other Financial Instruments*** |  |  |  |  |
| *Futures* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;*Interest rate contracts* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$(97)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$(97)* |
| *Total Liabilities* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$(97)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$—* | *$—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$(97)* |
| *Total* | *$2980783* | *$45843669* | *$—* | *$48824452* |

---

------

Touchstone Bond Fund (Unaudited) (Continued)

#### Futures Contracts
*At March 31, 2026, $42,536 was segregated with the broker as collateral for futures contracts. The Fund had the following futures contracts, brokered by Wells Fargo, open at March 31, 2026:*

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***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*** |
| *Long Futures:* |  |  |  |  |
| *5-Year U.S. Treasury Note* | &nbsp;&nbsp;&nbsp;*6/30/2026* | &nbsp;&nbsp;&nbsp;*27* | &nbsp;&nbsp;&nbsp;*$2920852* | &nbsp;&nbsp;&nbsp;*$3725* |
| *30-Year U.S. Ultra Treasury Bond* | &nbsp;&nbsp;&nbsp;*6/18/2026* | &nbsp;&nbsp;&nbsp;&nbsp;*1* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*116563* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(97)* |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*$3628* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Common Stock Fund – March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.9%** |  |
|  | &nbsp;&nbsp;**Information Technology — 34.1%** |  |
| 52021 | &nbsp;&nbsp;Apple, Inc. | $13202410 |
| 11193 | &nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp; 3825655 |
| &nbsp;&nbsp;&nbsp;&nbsp;4497 | &nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp; 1391866 |
| 42011 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp; 15551212 |
| 71506 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp; 12470646 |
| 20283 | &nbsp;&nbsp;Oracle Corp. | &nbsp;&nbsp; 2983832 |
| 16359 | &nbsp;&nbsp;Salesforce, Inc. | &nbsp;&nbsp; 3053734 |
| 16388 | &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan) ADR | &nbsp;&nbsp; 5538325 |
| 17519 | &nbsp;&nbsp;Texas Instruments, Inc. | &nbsp;&nbsp; 3401139 |
| 12867 | &nbsp;&nbsp;Workday, Inc. - Class A\* | &nbsp;&nbsp; 1671681 |
|  |  | &nbsp;&nbsp; 63090500 |
|  | &nbsp;&nbsp;**Communication Services — 17.0%** |  |
| 54548 | &nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp; 15647639 |
| 63376 | &nbsp;&nbsp;Comcast Corp. - Class A | &nbsp;&nbsp; 1819525 |
| 19651 | &nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp; 11242927 |
| 10280 | &nbsp;&nbsp;Netflix, Inc.\* | &nbsp;&nbsp; 988422 |
| 19223 | &nbsp;&nbsp;Walt Disney Co. (The) | &nbsp;&nbsp; 1852713 |
|  |  | &nbsp;&nbsp; 31551226 |
|  | &nbsp;&nbsp;**Financials — 13.9%** |  |
| 107720 | &nbsp;&nbsp;Bank of America Corp. | &nbsp;&nbsp; 5251350 |
| &nbsp;&nbsp;&nbsp;&nbsp;5205 | &nbsp;&nbsp;Berkshire Hathaway, Inc. - Class B\* | &nbsp;&nbsp; 2494236 |
| 46323 | &nbsp;&nbsp;Charles Schwab Corp. (The) | &nbsp;&nbsp; 4353436 |
| &nbsp;&nbsp;&nbsp;&nbsp;2772 | &nbsp;&nbsp;Goldman Sachs Group, Inc. (The) | &nbsp;&nbsp; 2345084 |
| &nbsp;&nbsp;&nbsp;&nbsp;8739 | &nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp; 2628953 |
| &nbsp;&nbsp;&nbsp;&nbsp;1896 | &nbsp;&nbsp;Markel Group, Inc.\* | &nbsp;&nbsp; 3629077 |
| 16711 | &nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp; 5050733 |
|  |  | &nbsp;&nbsp; 25752869 |
|  | &nbsp;&nbsp;**Health Care — 9.1%** |  |
| 17676 | &nbsp;&nbsp;Becton Dickinson & Co. | &nbsp;&nbsp; 2779197 |
| 20439 | &nbsp;&nbsp;BioMarin Pharmaceutical, Inc.\* | &nbsp;&nbsp; 1154599 |
| 40907 | &nbsp;&nbsp;Bristol-Myers Squibb Co. | &nbsp;&nbsp; 2481010 |
| &nbsp;&nbsp;&nbsp;&nbsp;3967 | &nbsp;&nbsp;HCA Healthcare, Inc. | &nbsp;&nbsp; 1877343 |
| &nbsp;&nbsp;&nbsp;&nbsp;9741 | &nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp; 2381090 |
| 44417 | &nbsp;&nbsp;Medtronic PLC | &nbsp;&nbsp; 3848733 |
| &nbsp;&nbsp;&nbsp;&nbsp;8908 | &nbsp;&nbsp;UnitedHealth Group, Inc. | &nbsp;&nbsp; 2410416 |
|  |  | &nbsp;&nbsp; 16932388 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 8.7%** |  |
| 25609 | &nbsp;&nbsp;Airbnb, Inc. - Class A\* | &nbsp;&nbsp; 3233904 |
| 54756 | &nbsp;&nbsp;Amazon.com, Inc.\* | &nbsp;&nbsp; 11404032 |
| 26079 | &nbsp;&nbsp;Las Vegas Sands Corp. | &nbsp;&nbsp; 1405137 |
|  |  | &nbsp;&nbsp; 16043073 |
|  | &nbsp;&nbsp;**Industrials — 6.7%** |  |
| 19263 | &nbsp;&nbsp;Boeing Co. (The)\* | &nbsp;&nbsp; 3833915 |
| &nbsp;&nbsp;&nbsp;&nbsp;4670 | &nbsp;&nbsp;Deere & Co. | &nbsp;&nbsp; 2630611 |
| &nbsp;&nbsp;&nbsp;&nbsp;2998 | &nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp; 1471238 |
| 20823 | &nbsp;&nbsp;SS&C Technologies Holdings, Inc. | &nbsp;&nbsp; 1407010 |
| 21573 | &nbsp;&nbsp;Stanley Black & Decker, Inc. | &nbsp;&nbsp; 1532977 |
| 20834 | &nbsp;&nbsp;Uber Technologies, Inc.\* | &nbsp;&nbsp; 1498590 |
|  |  | &nbsp;&nbsp; 12374341 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.9% (Continued)** |  |
|  | &nbsp;&nbsp;**Consumer Staples — 4.2%** |  |
| 11277 | &nbsp;&nbsp;Diageo PLC (United Kingdom) ADR<sup>†</sup> | $839573 |
| 26200 | &nbsp;&nbsp;Monster Beverage Corp.\* | &nbsp;&nbsp; 1898452 |
| 30134 | &nbsp;&nbsp;Philip Morris International, Inc. | &nbsp;&nbsp; 4982355 |
|  |  | &nbsp;&nbsp; 7720380 |
|  | &nbsp;&nbsp;**Energy — 3.6%** |  |
| 39648 | &nbsp;&nbsp;Exxon Mobil Corp. | &nbsp;&nbsp; 6726680 |
|  | &nbsp;&nbsp;**Real Estate — 1.7%** |  |
| 10065 | &nbsp;&nbsp;Jones Lang LaSalle, Inc.\* | &nbsp;&nbsp; 3062981 |
|  | &nbsp;&nbsp;**Materials — 0.9%** |  |
| 22409 | &nbsp;&nbsp;International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 1625773 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $184880211 |
|  | &nbsp;&nbsp;**Short-Term Investment Funds — 0.0%** |  |
| 34324 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>∞Ω</sup> | &nbsp;&nbsp; 34324 |
| &nbsp;&nbsp;&nbsp;&nbsp;7500 | &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 3.58%<sup>∞Ω\*\*</sup> | &nbsp;&nbsp; 7500 |
|  | &nbsp;&nbsp;**Total Short-Term Investment Funds** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $41824 |
|  | &nbsp;&nbsp;**Total Investment Securities—99.9%<br> (Cost $80,866,097)** | $184922035 |
|  | &nbsp;&nbsp;**Other Assets in Excess of Liabilities — 0.1%** | &nbsp;&nbsp; 172057 |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $185094092 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *\*\** | *Represents collateral for securities loaned.* |
| *†* | *All or a portion of the security is on loan. The total market value of the securities on loan as of March 31, 2026 was $7,445.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of March 31, 2026.* |

---

---

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

---

#### 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* | *$184880211* | *$—* | *$—* | *$184880211* |
| *Short-Term Investment Funds* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*41824* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*41824* |
| *Total* | *$184922035* | *$—* | *$—* | *$184922035* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Portfolio of Investments

Touchstone Small Company Fund – March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.6%** |  |
|  | &nbsp;&nbsp;**Health Care — 19.6%** |  |
| 10920 | &nbsp;&nbsp;Bio-Techne Corp. | $570679 |
| 80272 | &nbsp;&nbsp;Certara, Inc.\* | &nbsp;&nbsp; 457550 |
| &nbsp;&nbsp;&nbsp;&nbsp;1778 | &nbsp;&nbsp;Chemed Corp. | &nbsp;&nbsp; 671622 |
| 22842 | &nbsp;&nbsp;Doximity, Inc. - Class A\* | &nbsp;&nbsp; 532219 |
| &nbsp;&nbsp;&nbsp;&nbsp;7103 | &nbsp;&nbsp;Encompass Health Corp. | &nbsp;&nbsp; 687073 |
| &nbsp;&nbsp;&nbsp;&nbsp;3717 | &nbsp;&nbsp;Ensign Group, Inc. (The) | &nbsp;&nbsp; 748976 |
| 10672 | &nbsp;&nbsp;Globus Medical, Inc. - Class A\* | &nbsp;&nbsp; 919500 |
| 24887 | &nbsp;&nbsp;Haemonetics Corp.\* | &nbsp;&nbsp; 1402631 |
| 15341 | &nbsp;&nbsp;LivaNova PLC\* | &nbsp;&nbsp; 975074 |
| 12327 | &nbsp;&nbsp;Merit Medical Systems, Inc.\* | &nbsp;&nbsp; 849700 |
| 43711 | &nbsp;&nbsp;Option Care Health, Inc.\* | &nbsp;&nbsp; 1176700 |
| &nbsp;&nbsp;&nbsp;&nbsp;5651 | &nbsp;&nbsp;Privia Health Group, Inc.\* | &nbsp;&nbsp; 116241 |
| 79515 | &nbsp;&nbsp;Progyny, Inc.\* | &nbsp;&nbsp; 1350165 |
| 35720 | &nbsp;&nbsp;Waystar Holding Corp.\* | &nbsp;&nbsp; 861209 |
|  |  | &nbsp;&nbsp;11319339 |
|  | &nbsp;&nbsp;**Industrials — 18.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1470 | &nbsp;&nbsp;CACI International, Inc. - Class A\* | &nbsp;&nbsp; 799489 |
| &nbsp;&nbsp;&nbsp;&nbsp;2289 | &nbsp;&nbsp;Clean Harbors, Inc.\* | &nbsp;&nbsp; 656325 |
| &nbsp;&nbsp;&nbsp;&nbsp;4138 | &nbsp;&nbsp;Crane Co. | &nbsp;&nbsp; 707598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940 | &nbsp;&nbsp;Curtiss-Wright Corp. | &nbsp;&nbsp; 640253 |
| &nbsp;&nbsp;&nbsp;&nbsp;2318 | &nbsp;&nbsp;ESCO Technologies, Inc. | &nbsp;&nbsp; 652215 |
| 27475 | &nbsp;&nbsp;ExlService Holdings, Inc.\* | &nbsp;&nbsp; 836614 |
| &nbsp;&nbsp;&nbsp;&nbsp;8170 | &nbsp;&nbsp;Federal Signal Corp. | &nbsp;&nbsp; 883504 |
| &nbsp;&nbsp;&nbsp;&nbsp;7370 | &nbsp;&nbsp;Franklin Electric Co., Inc. | &nbsp;&nbsp; 679293 |
| &nbsp;&nbsp;&nbsp;&nbsp;7602 | &nbsp;&nbsp;Hexcel Corp. | &nbsp;&nbsp; 615230 |
| &nbsp;&nbsp;&nbsp;&nbsp;5031 | &nbsp;&nbsp;ITT, Inc. | &nbsp;&nbsp; 958556 |
| 16202 | &nbsp;&nbsp;KBR, Inc. | &nbsp;&nbsp; 597206 |
| 10507 | &nbsp;&nbsp;MAXIMUS, Inc. | &nbsp;&nbsp; 673499 |
| &nbsp;&nbsp;&nbsp;&nbsp;5745 | &nbsp;&nbsp;Nextpower, Inc. - Class A\* | &nbsp;&nbsp; 692560 |
| 13525 | &nbsp;&nbsp;Worthington Enterprises, Inc. | &nbsp;&nbsp; 705193 |
| 14913 | &nbsp;&nbsp;Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp; 668699 |
|  |  | &nbsp;&nbsp;10766234 |
|  | &nbsp;&nbsp;**Consumer Discretionary — 16.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9488 | &nbsp;&nbsp;Champion Homes, Inc.\* | &nbsp;&nbsp; 705623 |
| &nbsp;&nbsp;&nbsp;&nbsp;8670 | &nbsp;&nbsp;Crocs, Inc.\* | &nbsp;&nbsp; 719783 |
| 15084 | &nbsp;&nbsp;Frontdoor, Inc.\* | &nbsp;&nbsp; 797340 |
| 29895 | &nbsp;&nbsp;Gentex Corp. | &nbsp;&nbsp; 653206 |
| &nbsp;&nbsp;&nbsp;&nbsp;7310 | &nbsp;&nbsp;Grand Canyon Education, Inc.\* | &nbsp;&nbsp; 1242919 |
| &nbsp;&nbsp;&nbsp;&nbsp;5606 | &nbsp;&nbsp;LCI Industries | &nbsp;&nbsp; 689426 |
| 21226 | &nbsp;&nbsp;Malibu Boats, Inc. - Class A\* | &nbsp;&nbsp; 550178 |
| &nbsp;&nbsp;&nbsp;&nbsp;9580 | &nbsp;&nbsp;PVH Corp. | &nbsp;&nbsp; 668301 |
| 20926 | &nbsp;&nbsp;Steven Madden Ltd. | &nbsp;&nbsp; 709810 |
| 10448 | &nbsp;&nbsp;Stride, Inc.\* | &nbsp;&nbsp; 921200 |
| &nbsp;&nbsp;&nbsp;&nbsp;3588 | &nbsp;&nbsp;Texas Roadhouse, Inc. | &nbsp;&nbsp; 592522 |
| &nbsp;&nbsp;&nbsp;&nbsp;1874 | &nbsp;&nbsp;TopBuild Corp.\* | &nbsp;&nbsp; 658336 |
| 20155 | &nbsp;&nbsp;YETI Holdings, Inc.\* | &nbsp;&nbsp; 737472 |
|  |  | &nbsp;&nbsp; 9646116 |
|  | &nbsp;&nbsp;**Information Technology — 16.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2602 | &nbsp;&nbsp;Advanced Energy Industries, Inc. | &nbsp;&nbsp; 839691 |
| 29997 | &nbsp;&nbsp;Box, Inc. - Class A\* | &nbsp;&nbsp; 709129 |
| 105319 | &nbsp;&nbsp;CCC Intelligent Solutions Holdings, Inc.\* | &nbsp;&nbsp; 631914 |
| &nbsp;&nbsp;&nbsp;&nbsp;8057 | &nbsp;&nbsp;CommVault Systems, Inc.\* | &nbsp;&nbsp; 627560 |
| 68836 | &nbsp;&nbsp;DoubleVerify Holdings, Inc.\* | &nbsp;&nbsp; 653942 |
| 13657 | &nbsp;&nbsp;Kulicke & Soffa Industries, Inc. (Singapore) | &nbsp;&nbsp; 897538 |
| 58081 | &nbsp;&nbsp;LiveRamp Holdings, Inc.\* | &nbsp;&nbsp; 1540308 |
| &nbsp;&nbsp;&nbsp;&nbsp;4852 | &nbsp;&nbsp;Onto Innovation, Inc.\* | &nbsp;&nbsp; 995000 |
| 14726 | &nbsp;&nbsp;Q2 Holdings, Inc.\* | &nbsp;&nbsp; 696540 |
| &nbsp;&nbsp;&nbsp;&nbsp;7122 | &nbsp;&nbsp;Qualys, Inc.\* | &nbsp;&nbsp; 625668 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Market<br> Value** |
|  | &nbsp;&nbsp;**Common Stocks — 99.6% (Continued)** |  |
|  | &nbsp;&nbsp;**Information Technology — 16.6% (Continued)** |  |
| 22134 | &nbsp;&nbsp;RingCentral, Inc. - Class A | $823163 |
| 34258 | &nbsp;&nbsp;Zeta Global Holdings Corp. - Class A\* | &nbsp;&nbsp; 545387 |
|  |  | &nbsp;&nbsp; 9585840 |
|  | &nbsp;&nbsp;**Financials — 11.3%** |  |
| 11090 | &nbsp;&nbsp;Ameris Bancorp | &nbsp;&nbsp; 864909 |
| 24161 | &nbsp;&nbsp;Atlantic Union Bankshares Corp. | &nbsp;&nbsp; 863514 |
| &nbsp;&nbsp;&nbsp;&nbsp;2596 | &nbsp;&nbsp;Evercore, Inc. - Class A | &nbsp;&nbsp; 774932 |
| 54747 | &nbsp;&nbsp;FNB Corp. | &nbsp;&nbsp; 915370 |
| 10590 | &nbsp;&nbsp;Hancock Whitney Corp. | &nbsp;&nbsp; 673418 |
| 31210 | &nbsp;&nbsp;Home BancShares, Inc. | &nbsp;&nbsp; 840485 |
| 11130 | &nbsp;&nbsp;Moelis & Co. - Class A | &nbsp;&nbsp; 634410 |
| &nbsp;&nbsp;&nbsp;&nbsp;9994 | &nbsp;&nbsp;SouthState Bank Corp. | &nbsp;&nbsp; 924645 |
|  |  | &nbsp;&nbsp; 6491683 |
|  | &nbsp;&nbsp;**Energy — 6.2%** |  |
| 13687 | &nbsp;&nbsp;Cactus, Inc. - Class A | &nbsp;&nbsp; 648353 |
| &nbsp;&nbsp;&nbsp;&nbsp;3810 | &nbsp;&nbsp;Gulfport Energy Corp.\* | &nbsp;&nbsp; 806082 |
| 10640 | &nbsp;&nbsp;HF Sinclair Corp. | &nbsp;&nbsp; 663830 |
| 15710 | &nbsp;&nbsp;Oceaneering International, Inc.\* | &nbsp;&nbsp; 557234 |
| 11130 | &nbsp;&nbsp;Tidewater, Inc.\* | &nbsp;&nbsp; 929911 |
|  |  | &nbsp;&nbsp; 3605410 |
|  | &nbsp;&nbsp;**Real Estate — 5.6%** |  |
| 12014 | &nbsp;&nbsp;Agree Realty Corp. REIT<sup>†</sup> | &nbsp;&nbsp; 905615 |
| &nbsp;&nbsp;&nbsp;&nbsp;5444 | &nbsp;&nbsp;Colliers International Group, Inc. (Canada) | &nbsp;&nbsp; 581909 |
| 28557 | &nbsp;&nbsp;COPT Defense Properties REIT | &nbsp;&nbsp; 873844 |
| 24828 | &nbsp;&nbsp;STAG Industrial, Inc. REIT | &nbsp;&nbsp; 895298 |
|  |  | &nbsp;&nbsp; 3256666 |
|  | &nbsp;&nbsp;**Communication Services — 2.6%** |  |
| 32333 | &nbsp;&nbsp;Cargurus, Inc.\* | &nbsp;&nbsp; 1100938 |
| &nbsp;&nbsp;&nbsp;&nbsp;9583 | &nbsp;&nbsp;Ziff Davis, Inc.\* | &nbsp;&nbsp; 402103 |
|  |  | &nbsp;&nbsp; 1503041 |
|  | &nbsp;&nbsp;**Materials — 2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3641 | &nbsp;&nbsp;Eagle Materials, Inc. | &nbsp;&nbsp; 689787 |
| 16031 | &nbsp;&nbsp;Silgan Holdings, Inc. | &nbsp;&nbsp; 622003 |
|  |  | &nbsp;&nbsp; 1311790 |
|  | &nbsp;&nbsp;**Total Common Stocks** | $57486119 |
|  | &nbsp;&nbsp;**Short-Term Investment Funds — 2.8%** |  |
| 820478 | &nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>∞Ω</sup> | &nbsp;&nbsp; 820478 |
| 760869 | &nbsp;&nbsp;Invesco Government & Agency Portfolio, Institutional Class, 3.58%<sup>∞Ω\*\*</sup> | &nbsp;&nbsp; 760869 |
|  | &nbsp;&nbsp;**Total Short-Term Investment Funds** | &nbsp;&nbsp; $1581347 |
|  | &nbsp;&nbsp;**Total Investment Securities—102.4%<br> (Cost $46,185,499)** | $59067466 |
|  | &nbsp;&nbsp;**Liabilities in Excess of Other Assets — (2.4%)** | &nbsp;&nbsp;&nbsp;(1370355) |
|  | &nbsp;&nbsp;**Net Assets — 100.0%** | $57697111 |

---

---

| | |
|:---|:---|
| *\** | *Non-income producing security.* |
| *\*\** | *Represents collateral for securities loaned.* |
| *†* | *All or a portion of the security is on loan. The total market value of the securities on loan as of March 31, 2026 was $749,729.* |
| *∞* | *Open-End Fund.* |
| *Ω* | *Represents the 7-Day SEC yield as of March 31, 2026.* |

---

---

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

---

------

Touchstone Small Company Fund (Unaudited) (Continued)

*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* | *$57486119* | *$—* | *$—* | *$57486119* |
| *Short-Term Investment Funds* | &nbsp;&nbsp;&nbsp;&nbsp;*1581347* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;*—* | &nbsp;&nbsp;&nbsp;&nbsp;*1581347* |
| *Total* | *$59067466* | *$—* | *$—* | *$59067466* |

---

*See accompanying Notes to Portfolios of Investments.*

------

Notes to Portfolios of Investments

March 31, 2026 (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 March 31, 2026, for each Fund's investments, is included in each Fund's Portfolio of Investments. The Funds did not hold or transfer any Level 3 categorized securities during the period ended March 31, 2026.

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 Variable Series Trust

- **b. Investment Company Act file number:** 811-08416

- **c. CIK number of Registrant:** 0000920547

- **d. LEI of Registrant:** 549300PPYZ5OV9N1T150

- **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 Variable Series Trust-Touchstone Bond Fund

- **b. EDGAR series identifier (if any):** S000059067

- **c. LEI of Series:** 54930015RF6Y0VBDNM85

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $49351535.08

**Total Liabilities:** $1482175.10

**Net Assets:** $47869359.98

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 544.000108544277 | **1-Year:** 1076.468000842782 | **5-Year:** 3868.854484853308 | **10-Year:** 4736.271131265880 | **30-Year:** 3296.534441026733

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 25.600309459087 | **1-Year:** 42.384444615699 | **5-Year:** 56.454639340973 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193690 | 0.34%                | 1.37%                | -1.91%               |
| Class ID C000213075 | 0.35%                | 1.37%                | -2.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-329133.93              | $295488.88                                 |
| Month 2  | $17230.83                | $558623.64                                 |
| Month 3  | $-93510.84               | $-958688.83                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Short-Term Invts T                                                                   | Short-Term Invts T INVSCO GOVT INST                 | CUSIP: 825252885<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   1375307 | NS      | $1375307.25   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Finance Corp                                                                   | ALCSW 3.8 09/23/49 144A                             | CUSIP: 01400EAC7<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    118000 | PA      | $87895.35     | 0.18%             | 2049-09-23      | Fixed         | 3.80%                 | Yes           |                  2 | On Loan: No      |
| CMS Energy Corporation                                                               | CMS V4.75 06/01/50                                  | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    220000 | PA      | $213269.67    | 0.45%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                                                 | GM 3.1 01/12/32                                     | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    338000 | PA      | $303264.67    | 0.63%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                             | JPMMT 2018-8 B3                                     | CUSIP: 46650MBH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260943 | PA      | $239537.50    | 0.50%             | 2049-01-25      | Variable      | 4.04%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                          | MELLO 2021-MTG3 A9                                  | CUSIP: 58549RAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175746 | PA      | $159136.58    | 0.33%             | 2051-07-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Polaris Inc.                                                                         | PII 5.6 03/01/31                                    | CUSIP: 731068AB8<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    208000 | PA      | $206163.74    | 0.43%             | 2031-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)  | AER 6.15 09/30/30                                   | CUSIP: 00774MBE4<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    136000 | PA      | $142917.42    | 0.30%             | 2030-09-30      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Bank 2018-Bnk14                                                                      | BANK 2018-BN14 A3                                   | CUSIP: 06035RAR7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $665919.23    | 1.39%             | 2060-09-17      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| 7-Eleven Inc.                                                                        | SVELEV 1.8 02/10/31 144A                            | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    215000 | PA      | $186109.00    | 0.39%             | 2031-02-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                    | SMPINF 3.25 01/15/32 144A                           | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    206000 | PA      | $182079.87    | 0.38%             | 2032-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                             | DE 5.1 04/11/34 MTN                                 | CUSIP: 24422EXP9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    111000 | PA      | $113089.49    | 0.24%             | 2034-04-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America                                | TIAAGL 3.3 05/15/50 144A                            | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    194000 | PA      | $129557.12    | 0.27%             | 2050-05-15      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| LYB International Finance III LLC                                                    | LYB 5.875 01/15/36                                  | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80313.77     | 0.17%             | 2036-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                         | THC 6.125 10/01/28                                  | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17023.48     | 0.04%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 4.5 05/15/35                                      | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113823.08    | 0.24%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                              | UNH 3.5 08/15/39                                    | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    156000 | PA      | $126297.89    | 0.26%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                         | NYLIFE 4.55 01/28/33 144A                           | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    138000 | PA      | $135977.76    | 0.28%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AT&T Inc                                                                             | T 3.8 12/01/57                                      | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    100000 | PA      | $67697.85     | 0.14%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CSMC Trust                                                                           | CSMC 2015-1 B3                                      | CUSIP: 12649NAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134026 | PA      | $129412.45    | 0.27%             | 2045-01-25      | Variable      | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Norfolk Southern Corporation                                                         | NSC 4.837 10/01/41                                  | CUSIP: 655844BH0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    122000 | PA      | $112361.41    | 0.23%             | 2041-10-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                                                  | CSCO 4.85 02/26/29                                  | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    203000 | PA      | $206730.49    | 0.43%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DH Europe Finance II SARL                                                            | DHR 3.25 11/15/39                                   | CUSIP: 23291KAJ4<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    147000 | PA      | $118072.91    | 0.25%             | 2039-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Life Insurance Co.                                               | NWMLIC 3.85 09/30/47 144A                           | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    198000 | PA      | $150724.83    | 0.31%             | 2047-09-30      | Fixed         | 3.85%                 | Yes           |                  2 | On Loan: No      |
| DCP Midstream Operating LP                                                           | DCP 6.75 09/15/37                                   | CUSIP: 23311RAA4<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    229000 | PA      | $248035.61    | 0.52%             | 2037-09-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                   | DELL 4.85 02/01/35                                  | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    112000 | PA      | $108414.57    | 0.23%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Deutsche Alt A Securities Mortgage Loan Trust Series 2006 Af1                        | DBALT 2003-2XS A6                                   | CUSIP: 251510AW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |        21 | PA      | $21.05        | 0.00%             | 2033-09-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| EverBank Mortgage Loan Trust                                                         | EVER 2018-1 B2                                      | CUSIP: 29978CCC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333337 | PA      | $305657.17    | 0.64%             | 2048-02-25      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Guardian Life Global Funding                                                         | GUARDN 4.327 10/06/30 144A                          | CUSIP: 40139LBN2<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     92000 | PA      | $90927.40     | 0.19%             | 2030-10-06      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| Alphabet Inc.                                                                        | GOOGL 5.5 02/15/46                                  | CUSIP: 02079KBN6<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129082.67    | 0.27%             | 2046-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                             | AXP V5.282 07/27/29                                 | CUSIP: 025816DH9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    178000 | PA      | $181232.54    | 0.38%             | 2029-07-27      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Commercial Mortgage Trust                                              | CSMC 2013-IVR3 B2                                   | CUSIP: 12646XAX0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48219 | PA      | $47528.78     | 0.10%             | 2043-05-25      | Variable      | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp. | CHTR 6.484 10/23/45                                 | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    103000 | PA      | $95121.85     | 0.20%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                                  | CATMED 4.187 10/01/49                               | CUSIP: 20268JAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    132000 | PA      | $101177.94    | 0.21%             | 2049-10-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                                                    | CCI 4.8 09/01/28                                    | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    181000 | PA      | $181864.88    | 0.38%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                             | DUK 4.15 12/01/44                                   | CUSIP: 26442RAD3<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    178000 | PA      | $144978.90    | 0.30%             | 2044-12-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                                                                          | ETN 4.5 03/06/33                                    | CUSIP: 278058DY5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    139000 | PA      | $137152.58    | 0.29%             | 2033-03-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.8 03/13/56                                   | CUSIP: 023135DH6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     48000 | PA      | $48120.75     | 0.10%             | 2056-03-13      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                 | EIX 4.125 03/15/28                                  | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    104000 | PA      | $102251.94    | 0.21%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| First Maryland Capital I                                                             | MTB F 01/15/27                                      | CUSIP: 320808AD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108000 | PA      | $106971.71    | 0.22%             | 2027-01-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                     | AMZN 5.95 03/13/66                                  | CUSIP: 023135DJ2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     76000 | PA      | $76407.83     | 0.16%             | 2066-03-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Midwest Connector Capital Company LLC                                                | MWXCAP 4.625 04/01/29 144A                          | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $196873.89    | 0.41%             | 2029-04-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                       | MS V2.484 09/16/36                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    194000 | PA      | $166944.26    | 0.35%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation                                                           | AMT 5.9 11/15/33                                    | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    212000 | PA      | $222122.88    | 0.46%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                           | AMGN 5.15 03/02/28                                  | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    152000 | PA      | $154221.08    | 0.32%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America Inc                                                    | AMCR 2.63 06/19/30                                  | CUSIP: 081437AT2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    136000 | PA      | $125146.96    | 0.26%             | 2030-06-19      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc                    | ABIBB 4.9 02/01/46 *                                | CUSIP: 03522AAJ9<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    143000 | PA      | $129119.73    | 0.27%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                 | AHTLN 4 05/01/28 144A                               | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    152000 | PA      | $149845.16    | 0.31%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                      | CVS 5.125 07/20/45                                  | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    121000 | PA      | $106675.21    | 0.22%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp                                                          | CQP 3.25 01/31/32                                   | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    116000 | PA      | $105719.61    | 0.22%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| iShares Trust                                                                        | iShares Trust BROAD USD HIGH                        | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     36922 | NS      | $1360206.48   | 2.84%             |  |  |  | No            |                  1 | On Loan: —       |
| GCAT 2022-NQM2 TRUST                                                                 | GCAT 2022-NQM2 A1                                   | CUSIP: 36169KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184108 | PA      | $183501.60    | 0.38%             | 2067-02-25      | Variable      | 4.19%                 | Yes           |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                    | DINO 5 02/01/28                                     | CUSIP: 403949AQ3<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    128000 | PA      | $127985.29    | 0.27%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                                                      | HD 5.95 04/01/41                                    | CUSIP: 437076AV4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    114000 | PA      | $120146.39    | 0.25%             | 2041-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust 2014-C25                                  | JPMBB 2014-C25 AS                                   | CUSIP: 46643PBJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $101850.00    | 0.21%             | 2047-11-18      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                 | ENTERP 4.2 11/01/46 144A                            | CUSIP: 26884TAS1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    118000 | PA      | $95508.03     | 0.20%             | 2046-11-01      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                                   | ET 6.3 01/15/56                                     | CUSIP: 29273VBL3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    168000 | PA      | $165809.21    | 0.35%             | 2056-01-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G03217                                           | CUSIP: 3128M44A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6793 | PA      | $6952.72      | 0.01%             | 2037-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG G03781                                           | CUSIP: 3128M5RA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2619 | PA      | $2750.79      | 0.01%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V3.705 04/24/28                                 | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    126000 | PA      | $125041.63    | 0.26%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG A95946                                           | CUSIP: 312944TB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31502 | PA      | $30441.35     | 0.06%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V2.687 04/22/32                                 | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    101000 | PA      | $91527.10     | 0.19%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FG A96485                                           | CUSIP: 312945F29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17766 | PA      | $17603.61     | 0.04%             | 2041-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                | BAC V5.511 01/24/36                                 | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39791.40     | 0.08%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V3.691 06/05/28                                  | CUSIP: 38141GWL4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     92000 | PA      | $91183.42     | 0.19%             | 2028-06-05      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                     | BMO V3.803 12/15/32                                 | CUSIP: 06368BGS1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    168000 | PA      | $165206.21    | 0.35%             | 2032-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                            | GS V2.615 04/22/32                                  | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    177000 | PA      | $158890.55    | 0.33%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Railway Company                                                     | CP 3 12/02/41                                       | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    179000 | PA      | $131594.85    | 0.27%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2016 P6                                          | CGCMT 2017-P8 AS                                    | CUSIP: 17326DAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $61542.85     | 0.13%             | 2050-09-16      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V3.509 01/23/29                                 | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    168000 | PA      | $165275.69    | 0.35%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V2.956 05/13/31                                 | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    129000 | PA      | $120198.20    | 0.25%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                 | JPM V4.946 10/22/35                                 | CUSIP: 46647PER3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40555.19     | 0.08%             | 2035-10-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                     | MRSH 5.35 11/15/44                                  | CUSIP: 571748CE0<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     94000 | PA      | $89070.75     | 0.19%             | 2044-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                                              | MA 2 11/18/31                                       | CUSIP: 57636QAU8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |    188000 | PA      | $166178.69    | 0.35%             | 2031-11-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                  | MTH 3.875 04/15/29 144A                             | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    169000 | PA      | $164541.64    | 0.34%             | 2029-04-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | GN 736696                                           | CUSIP: 3620AQNM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12099 | PA      | $11931.50     | 0.02%             | 2040-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                           | OXY 7.95 06/15/39                                   | CUSIP: 674599DH5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    125000 | PA      | $145924.63    | 0.30%             | 2039-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Gildan Activewear Inc.                                                               | GILCN 4.7 10/07/30 144A                             | CUSIP: 375916AF0<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |    112000 | PA      | $110823.80    | 0.23%             | 2030-10-07      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                                                  | ONCRTX 5.9 03/15/56 144A                            | CUSIP: 68233JDJ0<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    176000 | PA      | $175819.75    | 0.37%             | 2056-03-15      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| Gildan Activewear Inc.                                                               | GILCN 5.4 10/07/35 144A                             | CUSIP: 375916AG8<br>LEI: 549300SB3IBI34M00Z45 | Long             | DBT              | CORP              | CA        |     94000 | PA      | $91683.43     | 0.19%             | 2035-10-07      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                     | PM 5.375 02/15/33                                   | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    188000 | PA      | $193088.71    | 0.40%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                                      | MSFT 2.525 06/01/50                                 | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    210000 | PA      | $126189.93    | 0.26%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                    | SECBEN V9.508 PERP 144A                             | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9751.03      | 0.02%             | N/A             | Floating      | 9.51%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2013-5                                                        | SEMT 2013-5 B1                                      | CUSIP: 81745AAE7<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-O            | CORP              | US        |     31087 | PA      | $30544.48     | 0.06%             | 2043-05-25      | Variable      | 3.49%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                       | SEMT 2013-10 B2                                     | CUSIP: 81745GAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26445 | PA      | $25849.02     | 0.05%             | 2043-08-25      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Walmart Inc                                                                          | WMT 4.5 09/09/52                                    | CUSIP: 931142EZ2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |     99000 | PA      | $85482.52     | 0.18%             | 2052-09-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Securities Corp.                                          | WMALT 2005-9 2A4                                    | CUSIP: 93934FEQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18287 | PA      | $17047.91     | 0.04%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Loan Trust 2018-2                                                 | MCMLT 2018-3 M3                                     | CUSIP: 59980XAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289383 | PA      | $258462.14    | 0.54%             | 2058-08-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| The Sherwin-Williams Company                                                         | SHW 4.5 06/01/47                                    | CUSIP: 824348AX4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    151000 | PA      | $125770.65    | 0.26%             | 2047-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                              | HYNMTR 5.35 03/19/29 144A                           | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    119000 | PA      | $121170.47    | 0.25%             | 2029-03-19      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Indymac Indx Mortgage Loan Trust 2004-Ar14                                           | RAST 2006-A1 1A3                                    | CUSIP: 45660L6K0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76023 | PA      | $31954.65     | 0.07%             | 2036-04-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) plc                                                          | RIOLN 5.25 03/14/35                                 | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     88000 | PA      | $89433.49     | 0.19%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK 2022-BNK39                                                                      | BANK 2022-BNK39 A4                                  | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $329820.90    | 0.69%             | 2055-02-18      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| BANK 2020-BNK26                                                                      | BANK 2020-BN26 A4                                   | CUSIP: 06540JBG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $260575.59    | 0.54%             | 2063-03-16      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Cargill Inc.                                                                         | CARGIL 4.76 11/23/45 144A                           | CUSIP: 141781BF0<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    116000 | PA      | $102878.71    | 0.21%             | 2045-11-23      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V6.174 05/25/34                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     91000 | PA      | $94233.12     | 0.20%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                       | C V4.542 09/19/30                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    189000 | PA      | $188370.96    | 0.39%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                     | FHR 4991 HB                                         | CUSIP: 3137FUUM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    230000 | PA      | $168232.88    | 0.35%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 561741                                           | CUSIP: 31386FBJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1199 | PA      | $1227.25      | 0.00%             | 2031-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AR9195                                           | CUSIP: 3138W7GD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    171796 | PA      | $157583.27    | 0.33%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AT2016                                           | CUSIP: 3138WPG24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146842 | PA      | $134578.42    | 0.28%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 725423                                           | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93262 | PA      | $95087.80     | 0.20%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 725610                                           | CUSIP: 31402DDP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83927 | PA      | $85345.80     | 0.18%             | 2034-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN BC1158                                           | CUSIP: 3140EVJC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    117279 | PA      | $109618.31    | 0.23%             | 2046-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5468                                           | CUSIP: 3140X9CE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    123476 | PA      | $117204.65    | 0.24%             | 2036-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN FM5682                                           | CUSIP: 3140X9J48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    222615 | PA      | $190485.61    | 0.40%             | 2051-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp                                                          | GSMS 2017-FARM B                                    | CUSIP: 36254XAE4<br>LEI: CU46ESEFJB81SUVBJO28 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $224013.48    | 0.47%             | 2043-01-12      | Variable      | 3.54%                 | Yes           |                  2 | On Loan: No      |
| Jack in the Box Inc.                                                                 | JACK 2022-1A A2I                                    | CUSIP: 466365AD5<br>LEI: 5493002OJW26P0SUUP68 | Long             | ABS-O            | CORP              | US        |    276000 | PA      | $267982.48    | 0.56%             | 2052-02-25      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2018-MINN                       | JPMCC 2018-MINN A                                   | CUSIP: 46650GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $323563.59    | 0.68%             | 2035-11-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| DRIVE AUTO RECEIVABLES TRUST 2025-2                                                  | DRIVE 2025-2 D                                      | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $174117.72    | 0.36%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AD9150                                           | CUSIP: 31418XEY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34584 | PA      | $34950.39     | 0.07%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AD9193                                           | CUSIP: 31418XGB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70434 | PA      | $71180.23     | 0.15%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Power (US Holdings) Inc                                                      | CPXCN 6.189 06/01/35 144A                           | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $102450.35    | 0.21%             | 2035-06-01      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AE0548                                           | CUSIP: 31419ATE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     45081 | PA      | $44613.01     | 0.09%             | 2040-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN 889734                                           | CUSIP: 31410KPT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2379 | PA      | $2455.18      | 0.01%             | 2037-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AE4429                                           | CUSIP: 31419E4P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37295 | PA      | $36024.84     | 0.08%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citizens Bank National Association                                                   | CFG V4.575 08/09/28                                 | CUSIP: 75524KPG3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155075.22    | 0.32%             | 2028-08-09      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AB1149                                           | CUSIP: 31416WH39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16785 | PA      | $16963.22     | 0.04%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                 | RY V4.969 08/02/30 GMTN                             | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    152000 | PA      | $153923.98    | 0.32%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 3.875 04/15/30                                 | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    168000 | PA      | $163620.38    | 0.34%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AB1800                                           | CUSIP: 31416XAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15592 | PA      | $15051.58     | 0.03%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                   | TMUS 5.75 01/15/54                                  | CUSIP: 87264ADB8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     74000 | PA      | $71022.01     | 0.15%             | 2054-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TAL ADVANTAGE VII LLC                                                                | TAL 2020-1A A                                       | CUSIP: 87407RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    139425 | PA      | $133642.92    | 0.28%             | 2045-09-20      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN MA2177                                           | CUSIP: 31418BM37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32869 | PA      | $32432.70     | 0.07%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aker BP ASA                                                                          | AKERBP 5.125 10/01/34 144A                          | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    135000 | PA      | $132195.08    | 0.28%             | 2034-10-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FN AD3795                                           | CUSIP: 31418RGD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26642 | PA      | $26365.48     | 0.06%             | 2040-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                    | BK V5.834 10/25/33 MTN                              | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    154000 | PA      | $163258.62    | 0.34%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 4.7 09/27/34                                   | CUSIP: 68389XCT0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     92000 | PA      | $84021.58     | 0.18%             | 2034-09-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                         | ORCL 5.95 09/26/55                                  | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84279.27     | 0.18%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                                      | SBUX 3.35 03/12/50                                  | CUSIP: 855244AX7<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     83000 | PA      | $56011.19     | 0.12%             | 2050-03-12      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 2.987 10/30/56                                   | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    170000 | PA      | $100095.81    | 0.21%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                          | VZ 5.875 11/30/55                                   | CUSIP: 92343VHJ6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     68000 | PA      | $66236.35     | 0.14%             | 2055-11-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mc Brazil Downstream Trading Sarl                                                    | MCBRAC 7.25 06/30/31 144A                           | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |    174891 | PA      | $156504.57    | 0.33%             | 2031-06-30      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Medline Borrower LP                                                                  | MEDIND 3.875 04/01/29 144A                          | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227298.42    | 0.47%             | 2029-04-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Ohio Power Company                                                                   | AEP 2.9 10/01/51 R                                  | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    170000 | PA      | $101958.69    | 0.21%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2025-S1                                                       | SEMT 2025-S1 A4                                     | CUSIP: 81749TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229187 | PA      | $203915.19    | 0.43%             | 2054-10-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| Truist Financial Corp.                                                               | TFC F 05/15/27 A                                    | CUSIP: 86787XAA3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257040.15    | 0.54%             | 2027-05-15      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                        | USB V4.967 07/22/33 MTN                             | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    119000 | PA      | $117703.44    | 0.25%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.25 08/15/54                                     | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    830000 | PA      | $745443.75    | 1.56%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 MA1157                                           | CUSIP: 36179NJA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     59399 | PA      | $56254.35     | 0.12%             | 2043-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 02/15/45                                     | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1450000 | PA      | $1427400.39   | 2.98%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 4883                                             | CUSIP: 36202FM86<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     39552 | PA      | $39177.86     | 0.08%             | 2040-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.75 08/15/55                                     | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     67000 | PA      | $65461.09     | 0.14%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 4853                                             | CUSIP: 36202FMA1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     51127 | PA      | $49426.53     | 0.10%             | 2040-11-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 11/15/55                                    | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $86217.19     | 0.18%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                             | G2 5175                                             | CUSIP: 36202FXC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    156635 | PA      | $155096.19    | 0.32%             | 2041-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | T 4.625 11/15/45                                    | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    570000 | PA      | $550851.56    | 1.15%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Georgia Power Company                                                                | SO 5.95 02/01/39                                    | CUSIP: 373334JN2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $69192.82     | 0.14%             | 2039-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.5 01/31/28                                      | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2665000 | PA      | $2649592.97   | 5.54%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PNC Capital Trust C                                                                  | PNC F 06/01/28                                      | CUSIP: 69349AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $134166.27    | 0.28%             | 2028-06-01      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.75 04/15/28                                     | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2765000 | PA      | $2761003.72   | 5.77%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                       | SEMT 2018-CH3 B2B                                   | CUSIP: 81746WCG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335665 | PA      | $325868.36    | 0.68%             | 2048-08-25      | Variable      | 4.70%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 05/31/30                                        | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3050000 | PA      | $3060722.64   | 6.39%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                         | TMO 5.404 08/10/43                                  | CUSIP: 883556CY6<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    113000 | PA      | $111942.17    | 0.23%             | 2043-08-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4.25 08/15/35                                     | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    485000 | PA      | $483560.16    | 1.01%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                      | ABMT 2015-7 B1                                      | CUSIP: 00842CAS4<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-O            | CORP              | US        |    163974 | PA      | $157318.34    | 0.33%             | 2045-10-25      | Variable      | 3.63%                 | Yes           |                  2 | On Loan: No      |
| The Timken Company                                                                   | TKR 4.5 12/15/28                                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144606.52    | 0.30%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 4 11/15/35                                        | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3664000 | PA      | $3576980.00   | 7.47%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                             | JIMMY 2017-1A A2II                                  | CUSIP: 47760QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    143750 | PA      | $142993.14    | 0.30%             | 2047-07-30      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                         | T 3.625 12/31/30                                    | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2285000 | PA      | $2254206.06   | 4.71%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                                  | CMCSA 4 03/01/48                                    | CUSIP: 20030NCK5<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    122000 | PA      | $89956.40     | 0.19%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | US 5YR NOTE (CBT) JUN26                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        27 | NC      | $3724.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd                                                    | MCAIRH 6.4 03/26/29 144A                            | CUSIP: 55609NAC2<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    129000 | PA      | $133644.09    | 0.28%             | 2029-03-26      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                               | US ULTRA BOND CBT JUN26                             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         1 | NC      | $-65.47       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                     | BNSF 5.75 05/01/40                                  | CUSIP: 12189LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    142000 | PA      | $147640.37    | 0.31%             | 2040-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 3.6 04/01/34 144A                              | CUSIP: 571676AC9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31951.23     | 0.07%             | 2034-04-01      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital LLC                                                   | CSMC 2015-WIN1 B3                                   | CUSIP: 12649KAW7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80398 | PA      | $77699.30     | 0.16%             | 2044-12-25      | Variable      | 3.76%                 | Yes           |                  2 | On Loan: No      |
| Mars Inc.                                                                            | MARS 5.2 03/01/35 144A                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    154000 | PA      | $155566.82    | 0.32%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                         | UBS V4.588 08/10/32 144A                            | CUSIP: 225401BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $196529.79    | 0.41%             | 2032-08-10      | Fixed         | 4.59%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                                   | STT F 06/15/47                                      | CUSIP: 857477AY9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    245000 | PA      | $212638.18    | 0.44%             | 2047-06-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Ubs Commercial Mortgage Trust 2017 C1                                                | UBSCM 2017-C1 AS                                    | CUSIP: 90276EAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $68551.22     | 0.14%             | 2050-06-17      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Videotron LTD/ Videotron LTEE                                                        | QBRCN 3.625 06/15/29 144A                           | CUSIP: 92660FAN4<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |    176000 | PA      | $170337.57    | 0.36%             | 2029-06-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2020-Gc46                                        | CGCMT 2020-GC46 A5                                  | CUSIP: 17328RAZ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $230768.88    | 0.48%             | 2053-02-18      | Fixed         | 2.72%                 | No            |                  2 | 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        |    240640 | NS      | $240639.82    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                                                           | AAPL 4.65 02/23/46                                  | CUSIP: 037833BX7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    170000 | PA      | $152853.27    | 0.32%             | 2046-02-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                                                  | BMW 4.5 08/11/30 144A                               | CUSIP: 05565EDC6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    162000 | PA      | $160177.75    | 0.33%             | 2030-08-11      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BMO 2025-5C10 MORTGAGE TRUST                                                         | BMO 2025-5C10 B                                     | CUSIP: 05615BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $208103.70    | 0.43%             | 2058-05-17      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 4.15 11/15/30                                  | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    217000 | PA      | $213603.61    | 0.45%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                         | AVGO 3.419 04/15/33                                 | CUSIP: 11135FCU3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     12000 | PA      | $10976.34     | 0.02%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                            | INVH 4.15 04/15/32                                  | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    192000 | PA      | $180095.19    | 0.38%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                                                       | KR 5 04/15/42                                       | CUSIP: 501044CR0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    107000 | PA      | $99409.14     | 0.21%             | 2042-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NGPL Pipe Co LLC                                                                     | NGPLCO 7.768 12/15/37 144A                          | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |     93000 | PA      | $107732.34    | 0.23%             | 2037-12-15      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |
| PacifiCorp.                                                                          | BRKHEC 5.75 04/01/37                                | CUSIP: 695114CD8<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     64000 | PA      | $63343.15     | 0.13%             | 2037-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                                                      | CRM 5.55 03/15/36                                   | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    176000 | PA      | $175512.08    | 0.37%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                                               | TXN 5.1 05/23/35                                    | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    126000 | PA      | $127611.68    | 0.27%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Textron Financial Corporation                                                        | TXT V0 02/15/42 144A                                | CUSIP: 883199AR2<br>LEI: 4E8B2CNXPE5P5AY03O18 | Long             | DBT              | CORP              | US        |    293000 | PA      | $262400.20    | 0.55%             | 2042-02-15      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                         | TII 2.375 02/15/56                                  | CUSIP: 912810US5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2032270 | PA      | $1892712.55   | 3.95%             | 2056-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRU                                                  | WFCM 2025-5C4 B                                     | CUSIP: 949931AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $227002.75    | 0.47%             | 2058-05-17      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                    | WFC V4.96 01/23/37                                  | CUSIP: 95000U4E0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    202000 | PA      | $196928.23    | 0.41%             | 2037-01-23      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                       | WES 5.25 02/01/50                                   | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    151000 | PA      | $127449.23    | 0.27%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER LLC                                                       | EHGVT 2019-A B                                      | CUSIP: 28416TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70658 | PA      | $70556.42     | 0.15%             | 2034-01-25      | Fixed         | 2.91%                 | Yes           |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2013-1                                                      | ABMT 2013-1 B3                                      | CUSIP: 008414AF1<br>LEI: 549300FEDPP088KAOR45 | Long             | ABS-O            | CORP              | US        |     19767 | PA      | $19239.95     | 0.04%             | 2043-07-25      | Variable      | 3.56%                 | Yes           |                  2 | On Loan: No      |
| AbbVie Inc.                                                                          | ABBV 4.45 05/14/46                                  | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    142000 | PA      | $122112.94    | 0.26%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Agate Bay Mortgage Trust 2015-7                                                      | ABMT 2015-4 B2                                      | CUSIP: 00842ACC1<br>LEI: 549300LK2ZDVY7I44B84 | Long             | ABS-O            | CORP              | US        |     64661 | PA      | $63687.44     | 0.13%             | 2045-06-25      | Variable      | 3.46%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp                                                        | EFNCN 5.037 03/25/30 144A                           | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    184000 | PA      | $185757.93    | 0.39%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                           | BATSLN 2.259 03/25/28                               | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    138000 | PA      | $132441.35    | 0.28%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Augusta Spinco Corp.                                                                 | WAT 4.656 03/23/31                                  | CUSIP: 051473AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    136000 | PA      | $135334.32    | 0.28%             | 2031-03-23      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                         | BACR V2.894 11/24/32                                | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    187000 | PA      | $167006.16    | 0.35%             | 2032-11-24      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                                                 | ELV 4.75 02/15/33                                   | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    136000 | PA      | $133979.49    | 0.28%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                               | BRK 4.25 01/15/49                                   | CUSIP: 084664CR0<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     89000 | PA      | $73162.44     | 0.15%             | 2049-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HONO MORTGAGE TRUST 2021-LULU                                                        | HONO 2021-LULU B                                    | CUSIP: 40390MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $207413.01    | 0.43%             | 2036-12-15      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                                                   | KO 2.5 03/15/51                                     | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    225000 | PA      | $132538.56    | 0.28%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                   | META 4.875 11/15/35                                 | CUSIP: 30303MAD4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    172000 | PA      | $168810.81    | 0.35%             | 2035-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding Llc                                                             | JIMMY 2022-1A A2I                                   | CUSIP: 47760QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288750 | PA      | $285751.27    | 0.60%             | 2052-04-30      | Fixed         | 4.08%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                | FNR 2015-51 KC                                      | CUSIP: 3136APJX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |      5233 | PA      | $5033.59      | 0.01%             | 2045-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                                | LOW 4.5 04/15/30                                    | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155012.29    | 0.32%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                                                             | FERG 4.35 03/15/31                                  | CUSIP: 31488VAB3<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |    172000 | PA      | $169156.15    | 0.35%             | 2031-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLIX Ltd.                                                       | MDPK 2021-49A B1R                                   | CUSIP: 55820VAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    384000 | PA      | $381503.62    | 0.80%             | 2034-10-19      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Global Payments Inc                                                                  | GPN 5.2 11/15/32                                    | CUSIP: 37940XAX0<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    156000 | PA      | $151415.94    | 0.32%             | 2032-11-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                 | POLAND 5.5 03/18/54 30Y                             | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    103000 | PA      | $95203.56     | 0.20%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                             | HCA 5.5 03/01/32                                    | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174344.98    | 0.36%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                         | MAT 5.45 11/01/41                                   | CUSIP: 577081AW2<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    124000 | PA      | $112304.22    | 0.23%             | 2041-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                            | TOYOTA 4.65 01/05/29 MTN                            | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     93000 | PA      | $93978.38     | 0.20%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                  | STOR 4.625 03/15/29                                 | CUSIP: 862121AB6<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93991.17     | 0.20%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STORE Capital Corp.                                                                  | STOR 2.7 12/01/31                                   | CUSIP: 862121AD2<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | DBT              | CORP              | US        |    130000 | PA      | $113062.03    | 0.24%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                               | UAL 4.625 04/15/29 144A                             | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    176000 | PA      | $172558.23    | 0.36%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                          | UPS 5.95 05/14/55                                   | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161356.57    | 0.34%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-22

**Name of Applicant:** Touchstone Variable Series Trust

**Signature:** Terri Lucas

**Name of Signer:** Terri Lucas

**Title:** Controller & Treasurer