Touchstone Flexible Income Fund
Sub-Advised by: ClearArc Capital, Inc.

Portfolio Composition as of 3/31/2018(% of Portfolio)
Bonds59.3
Preferreds32.8
High Dividend Equities2.7
REITs2.2
Cash Equivalents1.8
ETFs1.1
Derivatives0.1
Commodities0.0
Closed end Funds0.0
Full Holdings as of 3/31/2018
Security DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ABBOTT LABORATORIESUS39,67359.922,377,2060.25
ABBOTT LABS 4.90% 11/30/2046US850,000109.65931,9880.10
ACE INA HOLDINGS 3.35% 05/03/2026US4,000,00098.363,934,2810.41
AERCAP GLOBAL 6.50% 06/15/2045US4,300,000107.884,638,6250.49
AFLAC INC 2.88% 10/15/2026US6,765,00094.056,362,6250.67
AGNC INVESTMENTUS110,00025.482,802,8000.29
AGNC INVESTMENT CORPUS113,14618.922,140,7220.23
AIR CAN 2013-1A 4.13% 05/15/2025CA542,179100.86546,8420.06
ALLSTATE CORP 5.75% 08/15/2053US2,000,000104.752,095,0000.22
ALLY MASTER OWNER TRUST 1.63% 05/15/2020US1,375,00099.921,373,9310.14
ALPHABET INC 2.00% 08/15/2026US4,025,00090.873,657,4210.38
AMAZON.COM INC 3.15% 08/22/2027US7,455,00096.487,192,9160.76
AMERICA MOVIL SA 6.13% 03/30/2040MX1,175,000119.741,406,9320.15
AMERICAN HOME MORTGAGE INVESTM 4.21% 02/25/2045US1,339,899101.871,365,0210.14
AMERICAN HOMES 4 RENT 3.79% 10/17/2036US3,961,439102.264,050,8840.43
AMERICAN WATER 2.95% 09/01/2027US7,190,00094.956,826,8140.72
AMERICREDIT AUTOMOBILE RECEIVA 1.60% 11/09/2020US9,931,43299.619,893,1071.04
AMGEN INC 2.60% 08/19/2026US1,500,00091.301,369,5720.14
ANDEAVOR LOGISTI 6.88% 02/15/2056US11,650,000100.4611,703,8811.23
ANHEUSER-BUSCH 4.90% 02/01/2046US1,550,000107.851,671,6920.18
APPLIED MATERIAL 3.30% 04/01/2027US7,410,00098.267,281,0830.77
ASCIANO FINANCE 5.00% 04/07/2018AU2,745,000100.022,745,5930.29
ASSURANT INC 7.00% 03/27/2048US3,210,000102.223,281,3660.35
AT&T INC 3.80% 03/15/2022US592,000101.44600,5270.06
AT&T INC 3.90% 08/14/2027US9,785,000100.699,852,3651.04
AUST & NZ BK/UK 6.75% 12/29/2049AU12,600,000106.2513,387,5001.41
AUSTRALIAN GOVT. 2.00% 12/21/2021AU9,625,00076.277,341,0640.77
BANC OF AMERICA COMMERCIAL MOR 3.71% 09/15/2048US6,020,000101.376,102,4080.64
BANCO SANTANDER 6.38% 08/19/2056ES15,200,000101.3515,405,5951.62
BANK OF AMER CRP 3.25% 10/21/2027US1,750,00094.251,649,4050.17
BANK OF AMER CRP 5.88% 09/15/2066US2,400,000100.632,415,1400.25
BANK OF NY MELLO 4.95% 12/29/2049US5,480,000102.395,610,8620.59
BARCLAYS DRYROCK ISSUANCE TRUS 1.56% 03/15/2021US9,255,00099.929,247,6840.97
BAT CAPITAL CORP 3.56% 08/15/2027US1,520,00095.781,455,9120.15
BEAR STEARNS ALT-A TRUST 2.80% 01/25/2035US4,245,72999.094,206,9590.44
BEAR STEARNS ASSET BACKED SECU 5.75% 01/25/2034US101,132101.09102,2320.01
BERKLEY (WR)US80,61225.152,027,3920.21
BERKSHIRE HATHWY 3.13% 03/15/2026US5,975,00097.475,823,6930.61
BNP PARIBAS 6.75% 12/29/2049FR7,450,000104.887,813,1880.82
BOARDWALK PIPELI 4.45% 07/15/2027US9,448,00097.229,185,5380.97
CABELA'S MASTER CREDIT CARD TR 2.71% 02/17/2026US5,435,00098.575,357,5130.56
CALIFORNIA REPUBLIC AUTO RECEI 1.79% 03/16/2020US1,873,78199.821,870,3330.20
CANADA-GOV'T 0.75% 08/01/2019CA8,925,00076.676,842,3960.72
CAPITAL AUTO RECEIVABLES ASSET 1.46% 06/22/2020US2,573,38099.572,562,3150.27
CAPITAL ONE MULTI-ASSET EXECUT 1.60% 05/17/2021US9,300,00099.779,278,3360.98
CARDINAL HEALTH 4.90% 09/15/2045US1,370,000102.331,401,9780.15
CATLIN INSURANCE 4.71% 07/29/2049BM13,602,00099.7513,567,9951.43
CBOE VIX FUTURE JUN 18 06/20/2018US22518.83347,9100.04
CBS CORP 4.00% 01/15/2026US1,500,00098.661,479,8630.16
CHARLES SCHWAB 4.63% 12/29/2049US7,780,000100.007,780,0000.82
CHASE ISSUANCE TRUST 1.62% 07/15/2020US6,500,00099.776,484,9600.68
CHIMERA INVSTMNTUS200,87525.405,102,2250.54
CHRYSLER CAPITAL AUTO RECEIVAB 2.64% 07/15/2021US1,105,00099.931,104,2380.12
CHS INCUS103,72326.932,793,2600.29
CITIGROUP MORTGAGE LOAN TRUST 3.00% 09/25/2064US6,326,05399.276,279,9670.66
CITIZENS FIN GRP 4.30% 12/03/2025US582,000101.14588,6090.06
CME GROUP INCUS14,443161.742,336,0110.25
COBANK ACBUS59,650109.006,501,8500.68
COMCAST CORP 2.35% 01/15/2027US2,050,00089.781,840,5050.19
CONSECO FINANCIAL CORP 6.87% 04/01/2030US450,633106.20478,5920.05
CONTL AIRLINES 4.00% 10/29/2024US6,140,247101.756,247,7010.66
COUNTRYWIDE ASSET-BACKED CERTI 2.92% 01/25/2035US1,991,628100.422,000,0140.21
COX COMMUN INC 3.35% 09/15/2026US1,350,00095.211,285,3810.14
CRED AGRICOLE SA 8.13% 12/29/2049FR6,000,000113.926,835,1280.72
CRH AMERICA FIN 3.40% 05/09/2027US6,760,00095.796,475,6800.68
CROWN CASTLE INTL CORPUS73,196109.618,023,0140.84
D.R. HORTON 4.75% 02/15/2023US775,000104.93813,2050.09
DAI-ICHI LIFE 7.25% 07/25/2056JP3,630,000110.504,011,1500.42
DELTA AIR 20021G 6.72% 01/02/2023US3,651,221108.273,953,1770.42
DIGITAL REALTY TRUST INCUS18,347105.381,933,4070.20
DOMINION ENERGY INCUS38,44167.432,592,0770.27
DOMTAR CORP 6.25% 09/01/2042US1,750,000105.721,850,0170.19
DORIC NIMROD AIR 6.50% 05/30/2019GG501,211101.46508,5350.05
DREYFUS-GOV C-INUS10,223,8491.0010,223,8491.07
DUKE REALTY 3.25% 06/30/2026US6,100,00095.885,848,7760.61
ELEC DE FRANCE 3.63% 10/13/2025FR850,000100.05850,4040.09
ELI LILLY & CO 3.10% 05/15/2027US7,160,00097.576,985,9410.73
ENERGY TRANSFER PARTNERS 6.25% 08/15/2049US14,745,00095.6914,109,1221.40
ENTERPRISE PRODU 4.88% 08/16/2077US1,500,00098.101,471,5000.15
ENTERPRISE PRODU 5.25% 08/16/2077US1,500,00097.251,458,7500.15
ESTEE LAUDER COMPANIES-CL AUS21,965149.723,288,6000.35
EURO-BUND FUTURE JUN 18 06/11/2018EU-124196.17-320,756-0.03
EXPRESS SCRIPTS 3.40% 03/01/2027US810,00093.95761,0180.08
FANNIE MAE 2.50% 02/01/2032US1,780,07098.041,745,1200.18
FANNIE MAE 4.00% 07/01/2046US2,136,917102.692,194,4330.23
FANNIE MAE 4.00% 08/01/2041US369,756103.43382,4380.04
FANNIE MAE 4.00% 12/01/2040US432,295103.50447,4040.05
FANNIE MAE 4.00% 12/01/2040US603,038103.67625,1490.07
FANNIE MAE 4.50% 12/01/2039US1,909,336105.592,016,1310.21
FANNIE MAE 4.63% 07/25/2038US1,178,10715.02176,9440.02
FANNIE MAE 5.50% 10/01/2035US91,358109.77100,2800.01
FASTENAL COUS37,07754.592,024,0330.21
FHLMC MULTIFAMILY STR K006 AX1 0.96% 01/25/2020US32,522,6071.44467,0640.05
FHMS K019 X1 1.67% 03/25/2022US14,707,4445.45802,1430.08
FHMS K025 X1 0.87% 10/25/2022US26,318,8203.23849,4480.09
FHMS K033 X1 0.31% 07/25/2023US71,063,1491.431,013,2250.11
FHMS K036 X1 0.76% 10/25/2023US111,075,2873.493,873,7840.41
FHMS K710 X1 1.73% 05/25/2019US32,911,3501.38455,7230.05
FNMA POOL BE4435 3.00% 11/01/2046US4,111,15297.674,015,4900.42
FPL GROUP CAPTL 3.76% 10/01/2066US1,300,00097.751,270,7500.13
FPL GROUP CAPTL 4.25% 06/15/2067US2,700,00097.502,632,5000.28
FREDDIE MAC 2.38% 01/13/2022US1,500,00099.291,489,3350.16
FREDDIE MAC 3.38% 10/01/2032US40,962102.7242,0760.00
FREDDIE MAC 3.50% 06/01/2046US3,505,102100.413,519,4490.37
FREDDIE MAC 6.50% 08/01/2037US41,654112.6246,9100.00
FREDDIE MAC 6.50% 09/01/2022US54,604104.3957,0000.01
FREMF 2013-K712 C 3.36% 12/25/2045US5,730,000100.165,739,4110.60
FREMF 2013-K713 C 3.16% 04/25/2046US5,095,00099.805,084,6390.53
FREMF MORTGAGE TRUST 4.03% 05/25/2045US3,000,000101.023,030,4700.32
GEN ELECTRIC CO 5.00% 12/29/2049US7,760,00099.007,682,4000.81
GEN MOTORS FIN 3.20% 07/06/2021US1,100,00099.131,090,4790.11
GEN MOTORS FIN 5.25% 03/01/2026US1,000,000105.621,056,2020.11
GM FINANCIAL AUTOMOBILE LEASIN 1.62% 09/20/2019US5,797,46699.635,775,9940.61
GNR 2012-147 IO 0.57% 04/16/2054US7,627,3883.41259,8820.03
GNR 2016-110 IO 1.04% 05/16/2058US29,565,5948.012,368,1510.25
GNR 2016-158 IO 0.91% 06/16/2058US39,052,0927.693,002,4260.32
GNR 2016-35 IO 0.88% 03/16/2058US70,375,5967.265,112,2870.54
GNR 2017-76 IO 0.96% 12/16/2056US43,131,9527.643,295,7340.35
GNR 2017-94 IO 0.66% 02/16/2059US50,721,2956.333,211,1960.34
GOLDMAN SACHS GP 5.00% 05/10/2066US6,250,00097.256,078,1250.64
GOVERNMENT NATIONAL MORTGAGE A 4.50% 10/16/2037US607,3941.9912,0830.00
GSR MORTGAGE LOAN TRUST 3.52% 07/25/2035US1,395,326100.661,404,5110.15
HARTFORD FINL 8.13% 06/15/2038US6,969,000101.007,038,6900.74
HAWAIIAN AIRLINE 3.90% 01/15/2026US3,169,533100.003,169,5330.33
HCP INC 4.00% 06/01/2025US850,000100.15851,2790.09
HOME DEPOT INC 4.20% 04/01/2043US7,020,000103.417,259,2560.76
HSBC HOLDINGS 6.25% 09/23/2066GB2,400,000102.252,454,0000.26
HSBC HOLDINGS 6.38% 03/29/2049GB11,550,000102.8811,882,0631.25
HYUNDAI AUTO LEASE SECURITIZAT 2.12% 02/16/2021US4,330,00099.074,289,6230.45
ING GROEP NV 6.00% 12/31/2049NL15,050,000102.5015,426,2501.62
INTL PAPER CO 4.40% 08/15/2047US850,00095.33810,2790.09
ISHARES MSCI JAPAN ETFUS54,78560.683,324,3540.35
JOHN DEERE CAP 2.80% 09/08/2027US7,690,00094.177,241,8600.76
JP MORGAN MORTGAGE TRUST 3.00% 06/25/2029US5,338,70599.615,317,8520.56
JPMORGAN CHASE 2.95% 10/01/2026US1,050,00094.10988,0620.10
JPMORGAN CHASE 5.30% 12/29/2049US9,417,000102.709,671,2591.02
JPMORGAN CHASE 7.90% 04/30/2059US8,500,000100.518,543,3500.90
JPN 10Y BOND(OSE) JUN18 06/20/2018JP-71.42-23,0540.00
KEMPER 4.35% 02/15/2025US427,000100.08427,3260.04
KLA-TENCOR CORP 4.65% 11/01/2024US1,150,000104.441,201,0900.13
KRAFT HEINZ FOOD 4.38% 06/01/2046US1,500,00091.701,375,4780.14
KROGER CO 2.65% 10/15/2026US7,150,00090.296,456,0270.68
LAMB WESTON HLD 4.88% 11/01/2026US1,800,00099.131,784,2500.19
LENNAR CORP 5.25% 06/01/2026US6,680,00098.756,596,5000.69
LINCOLN NATL CRP 4.24% 05/17/2066US4,070,00096.523,928,2010.41
LLOYDS BK GR PLC 7.50% 04/30/2049GB12,550,000108.3813,601,0631.43
LOCKHEED MARTIN 3.55% 01/15/2026US1,050,00099.171,041,2400.11
LOCKHEED MARTIN 4.70% 05/15/2046US6,665,000108.527,232,8540.76
MANULIFE FIN COR 4.15% 03/04/2026CA1,045,000101.461,060,2510.11
MCDONALD'S CORP 2.63% 01/15/2022US6,950,00098.446,841,7740.72
MCDONALD'S CORP 3.70% 01/30/2026US1,050,000100.561,055,9180.11
MEDTRONIC INC 3.15% 03/15/2022US2,090,000100.172,093,4780.22
MEDTRONIC INC 3.50% 03/15/2025US1,350,00099.961,349,4410.14
MERRILL LYNCH MORTGAGE INVESTO 2.18% 08/25/2036US6,700,00099.736,681,7590.70
MERRILL LYNCH MORTGAGE INVESTO 4.11% 12/25/2032US6,61799.976,6150.00
METLIFE INC 4.60% 05/13/2046US1,300,000104.591,359,7120.14
METLIFE INC 5.25% 12/29/2049US6,430,000102.226,573,0030.69
METLIFE SECURITIZATION TRUST 3.00% 04/25/2055US5,700,31899.275,658,8660.59
MEXICO CITY ARPT 3.88% 04/30/2028MX4,025,00091.763,693,4210.39
MGM GROWTH PROPERTIES LLC-AUS236,49326.546,276,5240.66
MICROSOFT CORP 2.40% 08/08/2026US1,550,00093.061,442,3970.15
MICROSOFT CORP 4.45% 11/03/2045US6,680,000110.717,395,1840.78
MID-STATE TRUST 7.08% 01/15/2040US576,464109.01628,4060.07
MORGAN STANLEY MORTGAGE LOAN T 2.37% 09/25/2035US4,547,000100.134,552,8870.48
MORGAN STANLEY MORTGAGE LOAN T 3.69% 09/25/2034US368,755102.54378,1110.04
NEW RESIDENTIAL MORTGAGE LOAN 4.00% 12/25/2057US6,017,066102.246,151,7300.65
NEWCASTLE MORTGAGE SECURITIES 2.24% 03/25/2036US4,815,00099.154,774,2020.50
NEXTERA ENERGY INCUS15,921163.332,600,3770.27
NOMURA HOME EQUITY LOAN INC 2.36% 05/25/2035US5,965,007100.455,991,5670.63
NORTHROP GRUMMAN 3.85% 04/15/2045US1,125,00093.351,050,1320.11
NORTHWEST AIR 07 7.03% 11/01/2019US2,327,642105.322,451,4730.26
OSCAR US FUNDING TRUST 2.55% 12/15/2021US2,240,00099.692,232,9820.23
OWENS CORNING 3.40% 08/15/2026US1,500,00096.311,444,6630.15
OWENS CORNING 4.20% 12/15/2022US3,180,000102.293,252,9720.34
PARK PLACE SECURITIES INC 3.00% 12/25/2034US3,986,334100.444,004,0690.00
POPULAR ABS MORTGAGE PASS-THRO 2.55% 09/25/2034US3,074,31499.643,063,3750.32
PROLOGIS INCUS39,08962.992,462,2160.26
QBE INSURANCE GROUP LTD 5.875% 5.88% 06/17/2046AU1,100,000103.251,135,7090.12
QUALCOMM INC 3.45% 05/20/2025US1,500,00097.641,464,6630.15
RAYTHEON COMPANYUS11,082215.822,391,7170.25
REINSURANCE GRP 4.79% 12/15/2065US13,326,00099.3013,232,7181.39
RESIDENTIAL ACCREDIT LOANS IN 5.00% 05/25/2019US43,76999.6343,6090.00
RESIDENTIAL ASSET MORTGAGE PRO 2.56% 10/25/2035US2,335,00097.522,277,1020.24
RETAIL OPPORTUNI 5.00% 12/15/2023US1,400,000101.821,425,4710.15
ROYAL BK SCOTLND 7.50% 12/29/2049GB17,365,000104.0018,059,6001.90
SABINE PASS LIQU 5.63% 03/01/2025US1,225,000107.581,317,9070.14
SANTANDER DRIVE AUTO RECEIVABL 3.10% 11/16/2020US8,455,000100.238,474,7860.89
SEASPAN CORPHK139,43825.443,547,3030.37
SEQUOIA MORTGAGE TRUST 3.50% 07/25/2043US5,219,022100.075,222,7820.55
SIMON PROP GP LP 4.25% 11/30/2046US1,500,00099.001,484,9610.16
SOCIETE GENERALE 6.00% 07/27/2065FR3,150,000101.133,185,4690.33
SOCIETE GENERALE 7.38% 12/29/2049FR9,025,000106.389,600,3441.01
STRYKER CORPUS9,654160.921,553,5220.16
SYNCHRONY CREDIT CARD MASTER N 1.60% 04/15/2021US7,820,00099.987,818,4360.82
TACO BELL FUNDING LLC 3.83% 05/25/2046US296,250100.56297,9000.03
TAX EASE FUNDING LLC 3.13% 06/15/2028US2,642,71999.482,628,8970.28
TEXAS INSTRUMENTS INCUS20,779103.892,158,7300.23
THERMO FISHER 2.95% 09/19/2026US1,500,00093.351,400,2850.15
TIME WARNER INC 3.80% 02/15/2027US1,425,00096.681,377,7330.14
TIME WARNER INC 3.88% 01/15/2026US5,195,00097.965,089,1360.54
TLF NATIONAL TAX LIEN TRUST 3.09% 12/15/2029US9,324,20499.889,313,2550.00
TLF NATIONAL TAX LIEN TRUST 3.84% 12/15/2029US1,077,46499.751,074,7270.00
TOLL BR FIN CORP 4.38% 04/15/2023US9,365,00099.139,283,0560.98
TOWD POINT MORTGAGE TRUST 2.75% 10/25/2057US15,894,59298.5415,662,7081.00
TOWD POINT MORTGAGE TRUST 3.50% 02/25/2055US5,900,000100.045,902,3750.00
TOYOTA MOTOR CREDIT CORP CP 06/25/2018US9,700,00099.459,646,6271.01
TRAVELERS COS 3.75% 05/15/2046US2,150,00095.262,048,0260.22
TSY INFL IX N/B 0.38% 01/15/2027US27,970,00099.9527,955,7542.94
TSY INFL IX N/B 0.88% 02/15/2047US3,520,000101.883,586,0420.38
TWO HARBORSUS120,00025.193,022,8000.32
UBS GROUP 7.13% 12/29/2049CH5,000,000104.005,200,0000.55
UNITEDHEALTH GROUP INCUS11,625214.002,487,7500.26
US AIR 2012-2A 4.63% 06/03/2025US5,318,318103.075,481,5900.58
US BANCORP 5.13% 12/29/2049US7,100,000102.757,295,2500.77
US TREASURY N/B 1.38% 10/31/2020US7,420,00097.527,236,2390.76
US TREASURY N/B 1.50% 08/15/2026US5,514,20090.775,005,2130.53
US TREASURY N/B 1.75% 05/31/2022US3,500,00096.973,394,0430.36
US TREASURY N/B 1.88% 01/31/2022US6,880,00097.736,724,1250.71
US TREASURY N/B 2.00% 10/31/2021US4,770,00098.394,693,2330.49
VANECK VECTORS GOLD MINERS EUS310,40621.986,822,7240.72
VIACOM INC 5.88% 02/28/2057US6,603,000100.136,611,2540.70
VISA INC-CLASS A SHARESUS14,664119.621,754,1080.18
WALGREENS BOOTS 3.45% 06/01/2026US1,050,00094.49992,1510.10
WELLS FARGO HOME EQUITY TRUST 2.33% 12/25/2035US1,473,917100.091,475,2640.16
WELLS FARGO MORTGAGE BACKED SE 3.68% 11/25/2034US130,912102.01133,5480.01
WESTPAC BANKING 4.32% 11/23/2031AU2,250,00099.262,233,3060.23
WISCONSIN ENERGY 3.95% 05/15/2067US4,001,00097.503,900,9750.41
ZIGGO SECURED FI 5.50% 01/15/2027NL1,750,00093.971,644,4930.17
Top 10 Holdings as of 3/31/2018
Security Description
% of
Portfolio
1. U.S. TREASURY N/B 0.38% 01/15/273.0
2. ROYAL BANK OF SCOTLAND 7.50% 12/29/492.0
3. TOWD POINT MORTGAGE TRUST 2.75% 10/25/571.7
4. ING GROEP NV 6.00% 12/31/491.7
5. BANCO SANTANDER 6.38% 08/19/561.7
6. ENERGY TRANSFER PARTNERS 6.25% 08/15/491.5
7. LLOYDS BANKING GRP. PLC 7.50% 04/30/491.5
8. CATLIN INSURANCE 4.71% 07/29/491.5
9. AUSTRALIA & NEW ZEALAND BANKING 6.75% 12/29/491.5
10. REINSURANCE GRP. OF AMER. 4.79% 12/15/651.4

Data may not total due to rounding.

There is no guarantee that the Fund will continue to hold any one particular security or stay invested in any one particular sector. Holdings are subject to change.

The data illustrated for Touchstone Domestic Equity Funds – Morningstar is the source. For Russell index information – the Frank Russell Company is the source and owner. For MSCI index information- the MSCI is the source and owner. The data illustrated for Touchstone Fixed Income Funds, Diversified Income Funds, Alternative Investment Funds, International Equity Funds, Asset Allocation Funds and Money Market Funds – the fund’s sub-advisor is the source. Calculations for sectors and top holdings exclude cash equivalents. All holdings data is sourced from BNY Mellon Asset Servicing.