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

Portfolio Composition as of 6/30/2018(% of Portfolio)
Bonds52.1
Preferreds36.7
REITs4.0
High Dividend Equities3.7
Cash Equivalents2.7
ETFs0.8
Derivatives0.1
Commodities0.0
Closed end Funds0.0
Full Holdings as of 6/30/2018
Security DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ABBOTT LABORATORIESUS39,67360.992,419,6560.27
ABBOTT LABS 4.90% 11/30/2046US850,000107.65915,0500.10
ACE INA HOLDINGS 3.35% 05/03/2026US6,360,00096.966,166,4680.69
AERCAP GLOBAL 6.50% 06/15/2045US4,300,000103.004,429,0000.49
AFLAC INC 2.88% 10/15/2026US6,765,00093.886,350,8200.71
AGNC INVESTMENTUS110,00026.002,860,0000.32
AGNC INVESTMENT CORPUS168,30418.593,128,7710.35
AIR CAN 2013-1A 4.13% 05/15/2025CA526,202100.23527,4120.06
ALLSTATE CORP 5.75% 08/15/2053US2,000,000102.752,055,0000.23
AMAZON.COM INC 3.15% 08/22/2027US7,455,00095.777,139,5740.80
AMERICAN HOME MORTGAGE INVESTM 4.47% 02/25/2045US1,254,141101.691,275,319-100.00
AMERICAN HOMES 4 RENT 3.79% 10/17/2036US3,944,248101.103,987,6500.44
AMERICAN WATER 2.95% 09/01/2027US7,190,00094.206,773,1860.75
AMGEN INC 2.60% 08/19/2026US1,500,00090.261,353,9170.15
ANDEAVOR LOGISTI 6.88% 02/15/2056US16,900,00099.0016,731,0001.86
ANHEUSER-BUSCH 4.90% 02/01/2046US1,550,000102.841,593,9860.18
ASSURANT INC 7.00% 03/27/2048US10,460,000100.9410,558,5741.18
AT&T INC 3.80% 03/15/2022US592,000100.17593,0100.07
AUST & NZ BK/UK 6.75% 12/29/2049AU12,600,000101.6312,804,7501.43
BANC OF AMERICA COMMERCIAL MOR 3.71% 09/15/2048US6,020,000100.226,033,186-100.00
BANCO SANTANDER 6.38% 08/19/2056ES15,200,000100.1915,229,0621.70
BANK OF AMER CRP 3.25% 10/21/2027US1,750,00093.201,630,9480.18
BANK OF AMER CRP 5.88% 09/15/2066US2,400,00097.752,346,0000.26
BANK OF NY MELLO 4.95% 12/29/2049US5,480,000102.135,596,4500.62
BAT CAPITAL CORP 3.56% 08/15/2027US1,520,00093.041,414,2100.16
BEAR STEARNS ALT-A TRUST 3.02% 01/25/2035US4,245,72999.114,207,7740.47
BEAR STEARNS ASSET BACKED SECU 5.75% 01/25/2034US98,574100.8799,4270.00
BERKLEY (WR)US80,61224.751,995,1470.22
BERKSHIRE HATHWY 3.13% 03/15/2026US8,325,00096.358,021,1620.89
BNP PARIBAS 6.75% 12/29/2049FR9,450,00099.259,379,1251.05
BOARDWALK PIPELI 4.45% 07/15/2027US9,448,00097.109,174,1761.02
CABELA'S MASTER CREDIT CARD TR 2.71% 02/17/2026US5,435,00097.325,289,612-100.00
CALIFORNIA REPUBLIC AUTO RECEI 1.79% 03/16/2020US1,018,22899.881,017,033-100.00
CATLIN INSURANCE 5.33% 07/29/2049BM13,602,00099.5013,533,9901.51
CBOE VIX FUTURE JUL 18 08/22/2018US39416.38123,0370.01
CBS CORP 4.00% 01/15/2026US1,500,00096.981,454,7020.16
CHARLES SCHWAB 4.63% 12/29/2049US7,780,00099.887,770,2750.87
CHIMERA INVSTMNTUS200,87525.835,188,6010.58
CHS INCUS103,72326.462,744,5110.31
CITIGROUP MORTGAGE LOAN TRUST 3.00% 09/25/2064US6,128,73598.376,028,547-100.00
CITIZENS FIN GRP 4.30% 12/03/2025US582,00099.36578,2590.06
CME GROUP INCUS14,443163.922,367,4970.26
COBANK ACBUS59,650105.506,293,0750.70
CONSECO FINANCIAL CORP 6.87% 04/01/2030US415,356105.85439,6510.05
CONTL AIRLINES 4.00% 10/29/2024US5,948,669100.405,972,1670.67
COUNTRYWIDE ASSET-BACKED CERTI 3.01% 01/25/2035US1,798,026100.401,805,197-100.00
COX COMMUN INC 3.35% 09/15/2026US1,350,00092.451,248,1290.14
CRED AGRICOLE SA 8.13% 12/29/2049FR6,000,000105.886,352,5000.71
CRH AMERICA FIN 3.40% 05/09/2027US6,760,00094.126,362,7440.71
CROWN CASTLE INTL CORPUS73,196107.827,891,9930.88
CRUDE OIL OPT OCT18C69 09/17/2018US1564.25663,0000.07
D.R. HORTON 4.75% 02/15/2023US775,000103.22799,9590.09
DAI-ICHI LIFE 7.25% 07/25/2056JP3,630,000108.753,947,6250.44
DELTA AIR 20021G 6.72% 01/02/2023US3,651,221106.703,895,8520.43
DIGITAL REALTY TRUST INCUS43,768111.584,883,6330.54
DOMINION ENERGY INCUS38,44168.182,620,9070.29
DOMTAR CORP 6.25% 09/01/2042US1,750,00099.551,742,0940.19
DORIC NIMROD AIR 6.50% 05/30/2019GG339,854101.48344,8700.04
DREYFUS-GOV C-INUS18,745,5141.0018,745,5142.09
DUKE REALTY 3.25% 06/30/2026US6,100,00093.795,721,2960.64
DUKE REALTY CORPUS100,00029.032,903,0000.32
ELEC DE FRANCE 3.63% 10/13/2025FR850,00097.90832,1650.09
ELI LILLY & CO 3.10% 05/15/2027US7,160,00095.726,853,5830.76
ENERGY TRANSFERUS188,00024.994,698,1200.52
ENERGY TRANSFER PARTNERS 6.25% 08/15/2049US10,630,00092.639,846,0381.10
ENTERPRISE PRODU 4.88% 08/16/2077US1,500,00093.501,402,5000.16
ENTERPRISE PRODU 5.25% 08/16/2077US1,500,00093.001,395,0000.16
EOG RESOURCES INCUS11,057124.431,375,8230.15
EURO-BUND FUTURE SEP18 09/10/2018EU-60189.83-120,676-0.01
EXPRESS SCRIPTS 3.40% 03/01/2027US810,00091.37740,0980.08
EXXON MOBIL CORPUS40,00082.733,309,2000.37
FANNIE MAE 2.50% 02/01/2032US1,725,93997.241,678,2690.19
FANNIE MAE 4.00% 07/01/2046US2,046,677102.032,088,1730.23
FANNIE MAE 4.00% 08/01/2041US356,543102.77366,4220.04
FANNIE MAE 4.00% 12/01/2040US415,514102.91427,6200.05
FANNIE MAE 4.00% 12/01/2040US580,546103.12598,6320.07
FANNIE MAE 4.41% 07/25/2038US1,107,82414.24157,7970.02
FANNIE MAE 4.50% 12/01/2039US1,889,665105.071,985,4230.22
FANNIE MAE 5.50% 10/01/2035US88,523108.3695,9270.01
FHLMC MULTIFAMILY STR K006 AX1 1.12% 01/25/2020US32,345,8291.23397,485-100.00
FHMS K019 X1 1.81% 03/25/2022US14,144,1335.02710,2990.08
FHMS K025 X1 0.99% 10/25/2022US26,164,2713.11813,4180.09
FHMS K033 X1 0.42% 07/25/2023US70,718,2521.40992,8350.11
FHMS K036 X1 0.90% 10/25/2023US110,528,6973.323,671,2110.41
FHMS K710 X1 1.86% 05/25/2019US32,701,7801.01329,3400.04
FNMA POOL BE4435 3.00% 11/01/2046US3,960,09197.023,842,0890.43
FPL GROUP CAPTL 4.38% 10/01/2066US1,300,00097.501,267,5000.14
FPL GROUP CAPTL 4.47% 06/15/2067US2,700,00097.252,625,7510.29
FREDDIE MAC 2.38% 01/13/2022US1,500,00098.691,480,3110.16
FREDDIE MAC 3.38% 10/01/2032US40,394102.8041,5250.00
FREDDIE MAC 3.50% 06/01/2046US3,380,44399.763,372,1650.38
FREDDIE MAC 6.50% 08/01/2037US38,380111.3242,7250.00
FREDDIE MAC 6.50% 09/01/2022US50,172103.7852,0690.01
FREMF 2013-K712 C 3.48% 12/25/2045US5,730,00099.955,727,3420.64
FREMF 2013-K713 C 3.26% 04/25/2046US5,095,00099.485,068,6950.56
FREMF MORTGAGE TRUST 4.17% 05/25/2045US3,000,000102.033,061,0370.34
GEN ELECTRIC CO 5.00% 12/29/2049US7,760,00098.507,643,6000.85
GEN MOTORS FIN 3.20% 07/06/2021US1,100,00098.701,085,6880.12
GEN MOTORS FIN 5.25% 03/01/2026US1,000,000103.621,036,2300.12
GNR 2012-147 IO 0.56% 04/16/2054US7,496,7813.56267,1340.03
GNR 2016-110 IO 1.03% 05/16/2058US33,602,4228.022,695,3950.30
GNR 2016-158 IO 0.91% 06/16/2058US38,886,6087.542,930,6390.33
GNR 2016-34 IO 1.00% 01/16/2058US74,975,3917.885,908,8780.66
GNR 2016-35 IO 0.88% 03/16/2058US65,381,4907.154,673,9000.52
GNR 2016-50 IO 1.03% 08/16/2057US67,619,4857.595,130,1620.57
GNR 2016-52 IO 0.93% 03/16/2058US47,268,8157.043,327,8140.37
GNR 2016-67 IO 1.17% 07/16/2057US59,411,2938.044,776,4780.53
GNR 2017-76 IO 0.95% 12/16/2056US42,950,4017.463,202,1890.36
GNR 2017-94 IO 0.66% 02/16/2059US50,538,6056.163,114,1530.35
GOLDMAN SACHS GP 5.00% 05/10/2066US6,250,00093.815,863,1250.65
GOVERNMENT NATIONAL MORTGAGE A 4.50% 10/16/2037US401,967.803,2320.00
GSR MORTGAGE LOAN TRUST 4.35% 07/25/2035US1,290,636100.731,300,0970.14
HAWAIIAN AIRLINE 3.90% 01/15/2026US3,169,53398.143,110,5800.35
HCP INC 4.00% 06/01/2025US850,00097.86831,8100.09
HOME DEPOT INC 4.20% 04/01/2043US7,020,000100.337,043,0400.78
HOME EQUITY ASSET TRUST 2.73% 08/25/2035US5,169,512101.045,223,4860.58
HSBC HOLDINGS 6.25% 09/23/2066GB2,400,00098.132,355,0000.26
HSBC HOLDINGS 6.38% 03/29/2049GB11,550,00098.1311,333,4381.26
ING GROEP NV 6.00% 12/31/2049NL16,850,00099.5216,769,1201.87
JOHN DEERE CAP 2.80% 09/08/2027US7,690,00093.357,178,6430.80
JP MORGAN MORTGAGE TRUST 3.00% 06/25/2029US5,083,16899.155,040,0830.56
JPMORGAN CHASE 2.95% 10/01/2026US1,050,00092.89975,3390.11
JPMORGAN CHASE 5.30% 12/29/2049US9,417,000101.859,591,2151.07
JPMORGAN CHASE 5.83% 04/30/2059US8,500,000100.758,563,7500.95
JPN 10Y BOND(OSE) SEP18 09/20/2018JP-71.36-14,5420.00
KEMPER 4.35% 02/15/2025US427,00099.46424,6750.05
KIMBERLY-CLARK CORPUS17,642105.341,858,4080.21
KLA-TENCOR CORP 4.65% 11/01/2024US1,150,000103.351,188,5170.13
KRAFT HEINZ CO/THEUS39,12062.822,457,5180.27
KROGER CO 2.65% 10/15/2026US5,150,00088.534,559,0830.51
LAMB WESTON HLD 4.88% 11/01/2026US1,800,00097.251,750,5000.20
LENNAR CORP 5.25% 06/01/2026US6,680,00098.006,546,4000.73
LINCOLN NATL CRP 4.68% 05/17/2066US4,070,00095.183,873,9890.43
LLOYDS BK GR PLC 7.50% 04/30/2049GB12,550,000101.5512,744,5251.42
LOCKHEED MARTIN 3.55% 01/15/2026US1,050,00098.281,031,9160.11
LOCKHEED MARTIN 4.70% 05/15/2046US6,665,000106.317,085,6950.79
MANULIFE FIN COR 4.15% 03/04/2026CA1,045,00099.821,043,1620.12
MARATHON PETRO 3.63% 09/15/2024US9,269,00097.669,052,4621.01
MCDONALD'S CORP 2.63% 01/15/2022US6,950,00098.006,810,9500.76
MCDONALD'S CORP 3.70% 01/30/2026US1,050,00099.281,042,4900.12
MEDTRONIC INC 3.15% 03/15/2022US2,090,00099.202,073,2600.23
MEDTRONIC INC 3.50% 03/15/2025US1,350,00098.951,335,8460.15
MERRILL LYNCH MORTGAGE INVESTO 2.40% 08/25/2036US6,700,00099.846,689,079-100.00
MERRILL LYNCH MORTGAGE INVESTO 4.41% 12/25/2032US6,533100.146,5430.00
METLIFE INC 4.60% 05/13/2046US1,300,000101.341,317,3640.15
METLIFE INC 5.25% 12/29/2049US6,430,000101.736,541,2390.73
METLIFE SECURITIZATION TRUST 3.00% 04/25/2055US5,467,54998.275,372,915-100.00
MGM GROWTH PROPERTIES LLC-AUS272,53430.468,301,3860.92
MICROSOFT CORP 2.40% 08/08/2026US1,550,00092.501,433,8210.16
MICROSOFT CORP 4.45% 11/03/2045US6,680,000107.497,180,2640.80
MID-STATE TRUST 7.08% 01/15/2040US557,896111.80623,7050.07
MORGAN STANLEY MORTGAGE LOAN T 2.59% 09/25/2035US4,547,000100.064,549,895-100.00
MORGAN STANLEY MORTGAGE LOAN T 3.72% 09/25/2034US339,541102.68348,638-100.00
NATIONAL OILWELL VARCO INCUS43,22243.401,875,8350.21
NEW RESIDENTIAL MORTGAGE LOAN 4.00% 03/25/2057US3,688,862101.403,740,438-100.00
NEW RESIDENTIAL MORTGAGE LOAN 4.00% 12/25/2057US5,743,103100.645,779,606-100.00
NEWCASTLE MORTGAGE SECURITIES 2.46% 03/25/2036US4,815,00099.274,779,773-100.00
NEXTERA ENERGY INCUS15,921167.032,659,2850.30
NOMURA HOME EQUITY LOAN INC 2.58% 05/25/2035US5,333,887100.495,360,285-100.00
NORTHROP GRUMMAN 3.85% 04/15/2045US1,125,00090.721,020,6520.11
NORTHWEST AIR 07 7.03% 11/01/2019US2,257,001104.452,357,4370.26
OCCIDENTAL PETROLEUM CORPUS27,03983.682,262,6240.25
OSCAR US FUNDING TRUST 2.55% 12/15/2021US1,592,86499.771,589,2470.18
OWENS CORNING 3.40% 08/15/2026US1,500,00091.181,367,7020.15
OWENS CORNING 4.20% 12/15/2022US3,180,000100.243,187,7750.36
PARK PLACE SECURITIES INC 3.08% 12/25/2034US3,057,619100.123,061,1530.00
PEPSICO INCUS19,989108.872,176,2020.24
POPULAR ABS MORTGAGE PASS-THRO 2.64% 09/25/2034US2,977,64699.692,968,399-100.00
PP&L CAPITAL FDG 4.97% 03/30/2067US2,234,000100.002,234,0000.25
PRINCIPAL FINL 4.70% 05/15/2055US3,435,000100.253,443,5880.38
PROLOGIS INCUS84,22465.695,532,6750.62
QBE INSURANCE GROUP LTD 5.875% 5.88% 06/17/2046AU1,100,00096.931,066,239-100.00
QUALCOMM INC 3.45% 05/20/2025US1,500,00096.231,443,5020.16
REINSURANCE GRP 4.79% 12/15/2065US13,326,00099.5013,259,3701.48
RESIDENTIAL ACCREDIT LOANS IN 5.00% 05/25/2019US36,45199.4436,2450.00
RESIDENTIAL ASSET MORTGAGE PRO 2.78% 10/25/2035US2,335,00098.122,291,189-100.00
RETAIL OPPORTUNI 5.00% 12/15/2023US1,400,000100.631,408,8050.16
ROYAL BK SCOTLND 7.50% 12/29/2049GB17,365,000101.9517,703,6181.97
SABINE PASS LIQU 5.63% 03/01/2025US1,225,000106.371,302,9910.15
SANTANDER DRIVE AUTO RECEIVABL 3.10% 11/16/2020US8,455,000100.198,470,682-100.00
SEASPAN CORPHK139,43825.523,558,4580.40
SEQUOIA MORTGAGE TRUST 3.50% 07/25/2043US5,179,85098.255,089,1150.57
SIMON PROP GP LP 4.25% 11/30/2046US1,500,00096.861,452,8260.16
SIMON PROPERTY GROUP INCUS20,752170.193,531,7830.39
SOCIETE GENERALE 6.00% 07/27/2065FR6,950,00096.486,705,4430.75
SOCIETE GENERALE 7.38% 12/29/2049FR9,025,000101.759,182,9381.02
STRYKER CORPUS9,654168.861,630,1740.18
TACO BELL FUNDING LLC 3.83% 05/25/2046US295,500100.12295,8550.03
TAX EASE FUNDING LLC 3.13% 06/15/2028US2,432,78099.872,429,7370.27
THERMO FISHER 2.95% 09/19/2026US1,500,00092.381,385,7290.15
TIME WARNER INC 3.80% 02/15/2027US1,425,00094.441,345,7340.15
TIME WARNER INC 3.88% 01/15/2026US5,195,00096.074,990,9210.56
TLF NATIONAL TAX LIEN TRUST 3.09% 12/15/2029US8,269,90099.948,264,6540.00
TLF NATIONAL TAX LIEN TRUST 3.84% 12/15/2029US955,63399.40949,9280.10
TOLL BR FIN CORP 4.38% 04/15/2023US9,365,00098.009,177,7001.02
TOWD POINT MORTGAGE TRUST 2.75% 10/25/2057US11,111,74397.4510,828,7581.00
TOWD POINT MORTGAGE TRUST 3.50% 02/25/2055US5,900,00099.135,848,4520.60
TSY INFL IX N/B 0.38% 01/15/2027US17,690,000100.7517,822,3571.99
TWO HARBORSUS120,00025.823,098,4000.35
UBS GROUP FUNDIN 6.88% 03/22/2021CH3,800,000102.473,893,9660.43
UBS GROUP FUNDIN 7.13% 12/29/2049CH5,000,000102.635,131,5300.57
UNITEDHEALTH GROUP INCUS11,625245.342,852,0780.32
US AIR 2012-2A 4.63% 06/03/2025US7,130,731102.167,284,7550.81
US BANCORP 5.13% 12/29/2049US7,100,000102.637,286,3750.81
US TREASURY N/B 1.38% 10/31/2020US7,420,00097.287,218,2690.80
US TREASURY N/B 1.50% 08/15/2026US5,514,20090.314,980,0120.55
US TREASURY N/B 1.75% 05/31/2022US3,500,00096.503,377,3630.38
US TREASURY N/B 1.88% 01/31/2022US6,880,00097.286,692,9500.75
US TREASURY N/B 2.00% 10/31/2021US4,770,00097.914,670,1280.52
US TREASURY N/B 2.25% 11/15/2027US3,600,00095.063,422,1090.38
US TREASURY N/B 2.75% 04/30/2023US4,000,000100.104,003,9060.45
VALERO ENERGY CORPUS11,456110.831,269,6680.14
VANECK VECTORS GOLD MINERS EUS315,11922.317,030,3050.78
VIACOM INC 5.88% 02/28/2057US6,603,00094.506,239,8350.70
VISA INC-CLASS A SHARESUS14,664132.451,942,2470.22
WALGREENS BOOTS 3.45% 06/01/2026US1,050,00093.21978,6570.11
WALMART INC 4.05% 06/29/2048US4,500,000100.704,531,4570.50
WELLS FARGO HOME EQUITY TRUST 2.55% 12/25/2035US1,250,331100.091,251,438-100.00
WELLS FARGO MORTGAGE BACKED SE 3.68% 11/25/2034US124,420102.17127,123-100.00
WESTPAC BANKING 4.32% 11/23/2031AU2,250,00096.352,167,8950.24
WISCONSIN ENERGY 4.46% 05/15/2067US4,001,00098.633,946,1860.44
Top 10 Holdings as of 6/30/2018
Security Description
% of
Portfolio
1. U.S. TREASURY N/B 0.38% 01/15/272.1
2. ROYAL BANK OF SCOTLAND 7.50% 12/29/492.0
3. ING GROEP NV 6.00% 12/31/491.9
4. ANDEAVOR LOGISTICS 6.88% 02/15/561.9
5. BANCO SANTANDER 6.38% 08/19/561.8
6. CATLIN INSURANCE 5.33% 07/29/491.6
7. REINSURANCE GROUP 4.79% 12/15/651.5
8. AUSTRALIA & NEW ZEALAND BANKING 6.75% 12/29/491.5
9. LLOYDS BANKING GRP. PLC 7.50% 04/30/491.5
10. HSBC HOLDINGS 6.38% 03/29/491.3

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.