Touchstone High Yield Fund Sub-Advised by: Fort Washington Investment Advisors Inc.

Portfolio Characteristics as of 12/31/2017
Weighted Average Effective Duration14.1 Years
Weighted Average Effective Maturity24.9 Years
Number of Holdings ^342

^ Total number of holdings includes cash equivalents

1 Average effective duration measures a bond's sensitivity to interest rates, by indicating the approximate percentage of change in the portfolio's price given a 1% change in interest rates.

2 Average effective maturity is the average time remaining until scheduled principal prepayment by issuers of portfolio securities, accounting for potential cash-flow changes.

Credit Quality as of 12/31/2017(% of Portfolio)
BBB/Baa5.8
BB/Ba56.2
B/B37.0
CCC or lower0.3
Not Rated0.4
Cash Equivalents0.3

Credit quality ratings are from Standard & Poor’s (“S&P”) and Moody’s Investors Service (“Moody’s”). If agency ratings differ, the higher rating will be used. Where no rating has been assigned, it may be for reasons unrelated to the creditworthiness of the issuer.

Full Holdings as of 12/31/2017
Security DescriptionCountryCoupon Rate (%)Maturity DateShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
1011778 BC ULC / 4.25% 05/15/2024CA4.25005/15/2024263,00099.75262,3430.13
1011778 BC ULC / 5.00% 10/15/2025CA5.00010/15/20251,000,000100.751,007,5000.50
ACADIA HEALTH 5.63% 02/15/2023US5.63002/15/2023627,000101.50636,4050.32
ACADIA HEALTH 6.50% 03/01/2024US6.50003/01/2024475,000104.00494,0000.25
ACCO BRANDS CORP 5.25% 12/15/2024US5.25012/15/2024414,000102.75425,3850.21
AES CORP 4.88% 05/15/2023US4.88005/15/2023554,000101.88564,3880.28
AIRCASTLE LTD 5.50% 02/15/2022US5.50002/15/2022475,000107.13508,8440.25
ALBERTSONS COS 5.75% 03/15/2025US5.75003/15/20251,123,00090.201,012,9460.51
ALCOA INC 5.13% 10/01/2024US5.13010/01/2024504,000106.73537,9360.27
ALCOA INC 5.87% 02/23/2022US5.87002/23/2022245,000108.25265,2130.13
ALCOA NEDERLAND 7.00% 09/30/2026NL7.00009/30/2026494,000112.25554,5150.28
ALTICE FINANCING 6.63% 02/15/2023LU6.63002/15/20231,599,000104.711,674,3130.84
ALTICE FINANCING 7.50% 05/15/2026LU7.50005/15/2026463,000106.50493,0950.25
ALTICE US FIN I 5.50% 05/15/2026US5.50005/15/20261,051,000101.881,070,7060.53
AM AIRLN 13-2 B 5.60% 07/15/2020US5.60007/15/2020730,083103.34754,4680.38
AMC ENTMNT HOLDI 5.88% 11/15/2026US5.88011/15/2026667,00098.50656,9950.33
AMC NETWORKS INC 4.75% 08/01/2025US4.75008/01/2025265,00099.13262,6810.13
AMC NETWORKS INC 5.00% 04/01/2024US5.00004/01/2024492,000101.25498,1500.25
AMSTED INDS 5.00% 03/15/2022US5.00003/15/2022526,000102.38538,4930.27
AMSTED INDS 5.38% 09/15/2024US5.38009/15/2024267,000104.00277,6800.14
AMSURG CORP 5.63% 07/15/2022US5.63007/15/2022488,000101.00492,8800.25
ARCELORMITTAL 6.00% 03/01/2021LU6.00003/01/202189,000108.0096,1200.05
ARCH MRG SUB 8.50% 09/15/2025US8.50009/15/20251,601,00092.501,480,9250.74
ARDAGH PKG FIN 6.00% 02/15/2025IE6.00002/15/2025510,000105.25536,7750.27
ASHTEAD CAPITAL 4.13% 08/15/2025US4.13008/15/2025373,000101.00376,7300.19
ASHTEAD CAPITAL 4.38% 08/15/2027US4.38008/15/2027136,000101.50138,0400.07
AVIS BUDGET CAR 5.13% 06/01/2022US5.13006/01/2022598,000101.25605,4750.30
AVIS BUDGET CAR 5.50% 04/01/2023US5.50004/01/2023641,000102.50657,0250.33
B&G FOODS INC 5.25% 04/01/2025US5.25004/01/2025528,000101.72537,0550.27
BANK OF AMER CRP 6.10% 03/17/2049US6.10003/17/2049978,000109.751,073,3550.54
BARRY CALLE SVCS 5.50% 06/15/2023BE5.50006/15/2023201,000109.00219,0900.11
BEACON ESCROW 4.88% 11/01/2025US4.88011/01/2025781,000100.38783,9290.39
BELO CORP 7.25% 09/15/2027US7.25009/15/2027985,000111.501,098,2750.55
BLOCK COMMUNICAT 6.88% 02/15/2025US6.88002/15/2025339,000104.75355,1030.18
BLUE CUBE SPINCO 9.75% 10/15/2023US9.75010/15/2023393,000118.00463,7400.23
BLUE RACER MID/F 6.13% 11/15/2022US6.13011/15/2022684,000104.25713,0700.36
BOMBARDIER INC 6.00% 10/15/2022CA6.00010/15/2022591,00098.25580,6580.29
BOMBARDIER INC 7.50% 03/15/2025CA7.50003/15/2025540,000100.78544,2120.27
BOOZ ALLEN & HAM 5.13% 05/01/2025US5.13005/01/2025661,000100.25662,6530.33
BRINKER INTL 3.88% 05/15/2023US3.88005/15/2023355,00097.00344,3500.17
BRINKER INTL 5.00% 10/01/2024US5.00010/01/2024534,000101.00539,3400.27
BROOKFIELD RESID 6.50% 12/15/2020CA6.50012/15/2020114,000102.00116,2800.06
BUILDING MAT COR 5.38% 11/15/2024US5.38011/15/2024365,000104.53381,5350.19
BUILDING MAT COR 6.00% 10/15/2025US6.00010/15/2025649,000106.75692,8080.35
CABLE ONE INC 5.75% 06/15/2022US5.75006/15/2022527,000103.25544,1280.27
CABLEVISION SYS 5.88% 09/15/2022US5.88009/15/20221,224,00098.501,205,6400.60
CALPINE CORP 5.38% 01/15/2023US5.38001/15/2023654,00097.25636,0150.32
CARDTRONICS INC 5.13% 08/01/2022US5.13008/01/2022625,00095.00593,7500.30
CARDTRONICS INC 5.50% 05/01/2025US5.50005/01/2025685,00090.25618,2130.31
CARE CAPITAL 5.13% 08/15/2026US5.13008/15/20261,308,000101.401,326,3150.66
CARRIZO OIL&GAS 6.25% 04/15/2023US6.25004/15/2023785,000103.75814,4380.41
CARRIZO OIL&GAS 8.25% 07/15/2025US8.25007/15/2025556,000109.88610,9050.31
CASCADES INC 5.50% 07/15/2022CA5.50007/15/202230,000102.7530,8250.02
CASCADES INC 5.75% 07/15/2023CA5.75007/15/2023441,000103.25455,3330.23
CCO HOLDINGS LLC 5.13% 05/01/2027US5.13005/01/2027797,00098.50785,0450.39
CCO HOLDINGS LLC 5.75% 01/15/2024US5.75001/15/2024271,000102.75278,4530.14
CCO HOLDINGS LLC 5.75% 02/15/2026US5.75002/15/20261,625,000103.881,687,9690.84
CDK GLOBAL INC 4.88% 06/01/2027US4.88006/01/2027671,000101.25679,3880.34
CDW LLC/CDW FIN 5.00% 09/01/2023US5.00009/01/2023260,000103.38268,7750.13
CDW LLC/CDW FIN 5.50% 12/01/2024US5.50012/01/2024849,000108.75923,2880.46
CEDAR FAIR LP 5.38% 04/15/2027US5.38004/15/2027215,000105.00225,7500.11
CENTENE CORP 4.75% 01/15/2025US4.75001/15/20251,013,000101.751,030,7280.51
CENTRAL GARDEN 5.13% 02/01/2028US5.13002/01/2028255,000100.00255,0000.13
CENTURY COMMUNIT 5.88% 07/15/2025US5.88007/15/2025700,000100.50703,5000.35
CENTURY TEL ENTP 6.88% 01/15/2028US6.88001/15/2028564,00090.50510,4200.25
CENTURYLINK INC 5.63% 04/01/2025US5.63004/01/2025580,00091.00527,8000.26
CENTURYLINK INC 5.80% 03/15/2022US5.80003/15/20221,432,00097.941,402,5010.70
CENTURYLINK INC 6.45% 06/15/2021US6.45006/15/2021436,000101.00440,3600.22
CF INDUSTRIES IN 4.50% 12/01/2026US4.50012/01/2026516,000104.24537,8850.27
CHENIERE CORP CH 5.88% 03/31/2025US5.88003/31/2025638,000108.38691,4330.35
CHENIERE CORP CH 7.00% 06/30/2024US7.00006/30/2024658,000113.81748,8860.37
CHS/COMMUNITY 6.25% 03/31/2023US6.25003/31/20231,087,00090.00978,3000.49
CIMPRESS NV 7.00% 04/01/2022NL7.00004/01/20221,191,000103.001,226,7300.61
CITIGROUP INC 6.13% 12/29/2049US6.13012/29/20491,158,000106.381,231,8230.62
CNH INDUSTRIAL N 4.50% 08/15/2023NL4.50008/15/2023858,000104.02892,4740.45
COMMERCIAL METAL 5.38% 07/15/2027US5.38007/15/2027285,000102.00290,7000.15
COMMSCOPE INC 5.50% 06/15/2024US5.50006/15/2024204,000104.00212,1600.11
COMMSCOPE TECH 5.00% 03/15/2027US5.00003/15/2027741,000100.00741,0000.37
CONTINENTAL RES 4.50% 04/15/2023US4.50004/15/2023323,000102.00329,4600.16
COOKE/ALPHA 8.50% 12/15/2022CA8.50012/15/2022313,00099.25310,6530.16
CORECIVIC INC 4.75% 10/15/2027US4.75010/15/2027750,00098.75740,6250.37
CORRECTIONS CORP 4.13% 04/01/2020US4.13004/01/2020135,000101.50137,0250.07
CORRECTIONS CORP 4.63% 05/01/2023US4.63005/01/2023123,000102.25125,7680.06
COTT HOLDINGS IN 5.50% 04/01/2025CA5.50004/01/20251,010,000102.751,037,7750.52
CREDIT ACCEPTANC 6.13% 02/15/2021US6.13002/15/2021263,000101.00265,6300.13
CREDIT ACCEPTANC 7.38% 03/15/2023US7.38003/15/2023701,000104.75734,2980.37
CROWNROCK LP/CR 5.63% 10/15/2025US5.63010/15/2025684,000100.50687,4200.34
CSC HOLDINGS LLC 10.13% 01/15/2023US10.13001/15/20231,013,000112.631,140,8910.57
CSC HOLDINGS LLC 5.25% 06/01/2024US5.25006/01/2024801,00098.50788,9850.39
CUMBERLAND FARMS 6.75% 05/01/2025US6.75005/01/2025229,000106.00242,7400.12
CVR PARTNERS LP 9.25% 06/15/2023US9.25006/15/2023761,000107.63819,0260.41
CYRUSONE LP/CYRU 5.00% 03/15/2024US5.00003/15/2024781,000103.75810,2880.40
CYRUSONE LP/CYRU 5.38% 03/15/2027US5.38003/15/2027277,000105.00290,8500.15
DANA FIN LUX SAR 5.75% 04/15/2025LU5.75004/15/2025578,000105.38609,0680.30
DELEK LOGISTICS 6.75% 05/15/2025US6.75005/15/2025725,000101.00732,2500.37
DELPHI JERSEY 5.00% 10/01/2025JE5.00010/01/2025490,000101.25496,1250.25
DIAMOND 1 FIN/DI 5.88% 06/15/2021US5.88006/15/2021148,000103.75153,5500.08
DIAMOND 1 FIN/DI 7.13% 06/15/2024US7.13006/15/20241,142,000109.491,250,3350.62
DIEBOLD INC 8.50% 04/15/2024US8.50004/15/20241,016,000106.251,079,5000.54
DISH DBS CORP 5.13% 05/01/2020US5.13005/01/20201,265,000102.131,291,8810.65
DISH DBS CORP 6.75% 06/01/2021US6.75006/01/2021514,000105.00539,7000.27
DOLLAR TREE 5.75% 03/01/2023US5.75003/01/2023336,000104.75351,9600.18
DPL INC 7.25% 10/15/2021US7.25010/15/2021699,000111.00775,8900.39
DREYFUS-GOV C-INUS -- -- 539,5261.00539,5260.27
DYNEGY INC 5.88% 06/01/2023US5.88006/01/2023362,000101.25366,5250.18
DYNEGY INC 7.38% 11/01/2022US7.38011/01/2022802,000105.50846,1100.42
EMC CORP 3.38% 06/01/2023US3.38006/01/2023711,00096.41685,5100.34
ENDEAVOR ENERGY 5.75% 01/30/2028US5.75001/30/2028824,000102.70846,2480.42
ENVISION HEALTH 5.13% 07/01/2022US5.13007/01/2022156,00097.00151,3200.08
ENVISION HEALTH 6.25% 12/01/2024US6.25012/01/2024470,000103.00484,1000.24
EQUINIX INC 5.38% 05/15/2027US5.38005/15/2027263,000107.00281,4100.14
ESH HOSPITALITY 5.25% 05/01/2025US5.25005/01/20251,238,000101.001,250,3800.62
EW SCRIPPS 5.13% 05/15/2025US5.13005/15/2025599,00099.50596,0050.30
EXT OIL&GAS/FIN 7.88% 07/15/2021US7.88007/15/2021849,000105.75897,8180.45
EXTERRAN SOL/FIN 8.13% 05/01/2025US8.13005/01/2025648,000107.50696,6000.35
EXTRACTION OIL 7.38% 05/15/2024US7.38005/15/2024205,000106.75218,8380.11
FIRST DATA CORP 5.00% 01/15/2024US5.00001/15/2024896,000102.88921,7600.46
FIRST DATA CORP 5.38% 08/15/2023US5.38008/15/2023578,000104.09601,6400.30
FIRST DATA CORP 7.00% 12/01/2023US7.00012/01/2023336,000105.75355,3200.18
FIRST QUAL FIN C 5.00% 07/01/2025US5.00007/01/2025748,000102.00762,9600.38
FIRSTCASH INC 5.38% 06/01/2024US5.38006/01/2024742,000104.25773,5350.39
FREEPORT-MC C&G 3.55% 03/01/2022US3.55003/01/20221,311,00098.881,296,2510.65
FREEPORT-MCMORAN 6.75% 02/01/2022US6.75002/01/2022646,000103.50668,6100.33
FREEPORT-MCMORAN 6.88% 02/15/2023US6.88002/15/2023112,000109.00122,0800.06
FRONTIER COMM 10.50% 09/15/2022US10.50009/15/20222,071,00075.631,566,1940.78
FRONTIER COMM 7.13% 01/15/2023US7.13001/15/2023100,00066.5066,5000.03
FRONTIER COMM 8.50% 04/15/2020US8.50004/15/2020290,00083.00240,7000.12
FTS INTL INC 9.09% 06/15/2020US9.09006/15/2020171,000102.00174,4200.09
FXI HOLDINGS 7.88% 11/01/2024US7.88011/01/2024514,00099.78512,8690.26
GENESIS ENERGY 6.00% 05/15/2023US6.00005/15/2023251,000101.25254,1380.13
GENESIS ENERGY 6.25% 05/15/2026US6.25005/15/2026636,00099.63633,6150.32
GENESIS ENERGY 6.75% 08/01/2022US6.75008/01/20221,063,000103.751,102,8630.55
GENON ENERGY 10/15/2018US -- 10/15/2018541,00079.50430,0950.21
GEO GROUP INC/T 5.13% 04/01/2023US5.13004/01/2023110,000100.00110,0000.05
GEO GROUP INC/T 5.88% 10/15/2024US5.88010/15/202472,000102.7573,9800.04
GLP CAP/FIN II 5.38% 04/15/2026US5.38004/15/20261,025,000107.251,099,3130.55
GLP CAP/FIN II 5.38% 11/01/2023US5.38011/01/2023243,000106.75259,4030.13
GMAC LLC 8.00% 11/01/2031US8.00011/01/2031926,000129.751,201,4850.60
GOLDMAN SACHS GP 5.00% 11/10/2072US5.00011/10/2072322,00098.40316,8480.16
GOLDMAN SACHS GP 5.38% 12/31/2049US5.38012/31/20491,215,000103.001,251,4500.62
GRAY TELE INC 5.13% 10/15/2024US5.13010/15/2024524,00099.75522,6900.26
GULFPORT ENERGY 6.38% 05/15/2025US6.38005/15/20251,275,000100.501,281,3750.64
H&E EQUIPMENT 5.63% 09/01/2025US5.63009/01/2025455,000104.50475,4750.24
HANESBRANDS INC 4.63% 05/15/2024US4.63005/15/2024481,000102.00490,6200.24
HCA INC 5.38% 02/01/2025US5.38002/01/20251,362,000103.501,409,6700.70
HCA INC 5.88% 02/15/2026US5.88002/15/20261,602,000105.751,694,1150.85
HCA INC 5.88% 05/01/2023US5.88005/01/2023554,000106.75591,3950.30
HEALTHSOUTH CORP 5.75% 11/01/2024US5.75011/01/20241,050,000102.381,074,9380.54
HERTZ CORP 7.63% 06/01/2022US7.63006/01/2022540,000104.75565,6500.28
HILCORP ENERGY I 5.00% 12/01/2024US5.00012/01/2024574,00099.00568,2600.28
HILCORP ENERGY I 5.75% 10/01/2025US5.75010/01/2025345,000102.25352,7630.18
HUDBAY MINERALS 7.25% 01/15/2023CA7.25001/15/2023818,000106.00867,0800.43
HUDBAY MINERALS 7.63% 01/15/2025CA7.63001/15/2025579,000109.50634,0050.32
IHS MARKIT LTD 4.00% 03/01/2026BM4.00003/01/2026310,00099.88309,6130.15
IHS MARKIT LTD 5.00% 11/01/2022BM5.00011/01/2022321,000108.42348,0280.17
INGLES MKTS INC 5.75% 06/15/2023US5.75006/15/2023775,000101.00782,7500.39
INTELSAT JACKSON 5.50% 08/01/2023LU5.50008/01/2023741,00081.75605,7680.30
INTELSAT JACKSON 7.50% 04/01/2021LU7.50004/01/202149,00091.0044,5900.02
INTERGEN NV 7.00% 06/30/2023NL7.00006/30/2023498,00096.75481,8150.24
INTL GAME TECH 6.25% 02/15/2022US6.25002/15/20221,051,000107.751,132,4530.57
ISTAR INC 4.63% 09/15/2020US4.63009/15/2020249,000101.50252,7350.13
ITRON INC 5.00% 01/15/2026US5.00001/15/2026255,000100.38255,9560.13
J2 CLOUD LLC/INC 6.00% 07/15/2025US6.00007/15/2025211,000105.25222,0780.11
JAMES HARDIE INT 4.75% 01/15/2025IE4.75001/15/2025287,000100.75289,1530.14
JB POINDEXTER 9.00% 04/01/2022US9.00004/01/2022464,000103.75481,4000.24
JBS USA LLC/JBS 5.88% 07/15/2024US5.88007/15/2024384,00096.63371,0400.19
JBS USA LUX/FIN 7.25% 06/01/2021US7.25006/01/2021298,000101.63302,8430.15
JBS USA LUX/FIN 7.25% 06/01/2021US7.25006/01/2021160,000101.63162,6000.08
JC PENNEY CORP 5.88% 07/01/2023US5.88007/01/2023594,00094.38560,5880.28
JC PENNEY CORP 8.13% 10/01/2019US8.13010/01/2019554,000102.00565,0800.28
JELD-WEN INC 4.63% 12/15/2025US4.63012/15/2025191,000100.75192,4330.10
JPMORGAN CHASE 5.30% 12/29/2049US5.30012/29/20491,264,000103.711,310,8940.65
KAISER ALUMINUM 5.88% 05/15/2024US5.88005/15/2024111,000106.25117,9380.06
KFC HLD/PIZZA HU 5.00% 06/01/2024US5.00006/01/2024638,000103.13657,9380.33
KINROSS GOLD 4.50% 07/15/2027CA4.50007/15/20271,060,000100.631,066,6250.53
KLX INC 5.88% 12/01/2022US5.88012/01/2022565,000104.72591,6680.30
LENNAR CORP 4.13% 01/15/2022US4.13001/15/2022270,000102.00275,4000.14
LENNAR CORP 4.75% 05/30/2025US4.75005/30/2025402,000103.88417,5780.21
LENNAR CORP 4.75% 11/29/2027US4.75011/29/2027437,000102.98450,0230.22
LENNAR CORP 4.88% 12/15/2023US4.88012/15/2023398,000105.00417,9000.21
LIMITED BRANDS 5.63% 02/15/2022US5.63002/15/2022358,000106.63381,7180.19
LIN TELEVISION 5.88% 11/15/2022US5.88011/15/202284,000104.0087,3600.04
LIVE NATION ENT 4.88% 11/01/2024US4.88011/01/2024305,000102.50312,6250.16
LOUISIANA-PACIFI 4.88% 09/15/2024US4.88009/15/2024700,000103.25722,7500.36
LSC COMMUNICATIO 8.75% 10/15/2023US8.75010/15/20231,008,000102.751,035,7200.52
LUNDIN MINING CO 7.88% 11/01/2022CA7.88011/01/2022365,000107.00390,5500.20
M/I HOMES INC 5.63% 08/01/2025US5.63008/01/2025205,000101.49208,0590.10
MALLINCKRODT FIN 5.50% 04/15/2025LU5.50004/15/20251,145,00081.50933,1750.47
MATCH GROUP INC 5.00% 12/15/2027US5.00012/15/2027249,000101.50252,7350.13
MATTEL INC 6.75% 12/31/2025US6.75012/31/2025998,000101.351,011,4230.51
MDC PARTNERS INC 6.50% 05/01/2024CA6.50005/01/20241,021,000100.501,026,1050.51
MEG ENERGY CORP 6.38% 01/30/2023CA6.38001/30/2023413,00085.00351,0500.18
MERITAGE HOMES 7.15% 04/15/2020US7.15004/15/2020531,000108.75577,4630.29
METLIFE INC 5.25% 12/29/2049US5.25012/29/20491,131,000103.971,175,9460.59
MGM GROWTH/MGM F 5.63% 05/01/2024US5.63005/01/2024523,000106.50556,9950.28
MGM RESORTS 6.00% 03/15/2023US6.00003/15/20231,122,000108.001,211,7600.61
MOOG INC 5.25% 12/01/2022US5.25012/01/2022121,000103.50125,2350.06
MULTI-COLOR CORP 4.88% 11/01/2025US4.88011/01/2025686,000100.38688,5730.34
MULTI-COLOR CORP 6.13% 12/01/2022US6.13012/01/2022436,000104.38455,0750.23
MURPHY OIL USA 5.63% 05/01/2027US5.63005/01/2027352,000105.02369,6700.18
NAVIENT CORP 5.00% 10/26/2020US5.00010/26/2020597,000101.38605,2090.30
NAVIENT CORP 6.50% 06/15/2022US6.50006/15/2022249,000104.95261,3260.13
NETFLIX INC 4.88% 04/15/2028US4.88004/15/2028652,00098.00638,9600.32
NETFLIX INC 5.75% 03/01/2024US5.75003/01/2024185,000106.38196,7940.10
NEW HOME CO 7.25% 04/01/2022US7.25004/01/2022546,000104.75571,9350.29
NEXSTAR BROADC 5.63% 08/01/2024US5.63008/01/2024658,000103.25679,3850.34
NGL ENRGY PART/F 6.13% 03/01/2025US6.13003/01/2025654,00097.50637,6500.32
NGL ENRGY PART/F 6.88% 10/15/2021US6.88010/15/2021950,000102.00969,0000.48
NGL ENRGY PART/F 7.50% 11/01/2023US7.50011/01/2023869,000103.25897,2430.45
NOKIA OYJ 3.38% 06/12/2022FI3.38006/12/2022362,00099.38359,7560.18
NOKIA OYJ 4.38% 06/12/2027FI4.38006/12/2027362,00098.85357,8370.18
NOVA CHEMICALS 4.88% 06/01/2024CA4.88006/01/2024765,00099.75763,0880.38
NOVA CHEMICALS 5.25% 08/01/2023CA5.25008/01/2023373,000102.88383,7240.19
NRG ENERGY INC 5.75% 01/15/2028US5.75001/15/2028198,000101.00199,9800.10
NRG ENERGY INC 6.25% 07/15/2022US6.25007/15/2022645,000104.00670,8000.33
NUMERICABLE-SFR 6.00% 05/15/2022FR6.00005/15/2022506,000101.25512,3250.26
NUMERICABLE-SFR 6.25% 05/15/2024FR6.25005/15/2024824,000100.25826,0600.41
NUMERICABLE-SFR 7.38% 05/01/2026FR7.38005/01/2026284,000102.63291,4550.15
ONEMAIN FIN HLDG 7.25% 12/15/2021US7.25012/15/2021504,000103.92523,7570.26
OPEN TEXT CORP 5.88% 06/01/2026CA5.88006/01/2026776,000107.75836,1400.42
OWENS-BROCKWAY 5.88% 08/15/2023US5.88008/15/2023256,000107.75275,8400.14
PDC ENERGY INC 5.75% 05/15/2026US5.75005/15/2026446,000102.50457,1500.23
PDC ENERGY INC 6.13% 09/15/2024US6.13009/15/2024872,000103.50902,5200.45
PEABODY ENERGY 6.00% 03/31/2022US6.00003/31/2022699,000103.75725,2130.36
PEABODY SEC FIN 6.38% 03/31/2025US6.38003/31/2025539,000104.00560,5600.28
PENSKE AUTO GRP 5.38% 12/01/2024US5.38012/01/2024693,000101.50703,3950.35
PERFORMANCE FOOD 5.50% 06/01/2024US5.50006/01/2024309,000103.25319,0430.16
PILGRIM'S PRIDE 5.75% 03/15/2025US5.75003/15/202566,000103.3868,2280.03
PILGRIM'S PRIDE 5.88% 09/30/2027US5.88009/30/202766,000103.0067,9800.03
PLASTIPAK HOLDIN 6.25% 10/15/2025US6.25010/15/2025353,000102.25360,9430.18
POLYONE CORP 5.25% 03/15/2023US5.25003/15/2023284,000105.25298,9100.15
POST HOLDINGS IN 5.00% 08/15/2026US5.00008/15/20261,296,00098.381,274,9400.64
POST HOLDINGS IN 5.50% 03/01/2025US5.50003/01/2025562,000103.50581,6700.29
POST HOLDINGS IN 5.63% 01/15/2028US5.63001/15/2028502,000100.53504,6610.25
PRECISION DRILL 7.13% 01/15/2026CA7.13001/15/2026320,000102.00326,4000.16
QEP RESOURCES 5.38% 10/01/2022US5.38010/01/2022276,000102.25282,2100.14
QEP RESOURCES 5.63% 03/01/2026US5.63003/01/2026193,000101.38195,6540.10
QTS LP/FINANCE 4.75% 11/15/2025US4.75011/15/2025652,000101.00658,5200.33
QUAD/GRAPHICS 7.00% 05/01/2022US7.00005/01/2022661,000103.50684,1350.34
QUEBECOR MEDIA 5.75% 01/15/2023CA5.75001/15/2023700,000106.00742,0000.37
QUESTAR MARKET 6.80% 03/01/2020US6.80003/01/2020598,000105.25629,3950.31
QUICKEN LOANS IN 5.25% 01/15/2028US5.25001/15/2028932,00098.72920,0700.46
QUICKEN LOANS IN 5.75% 05/01/2025US5.75005/01/20251,060,000103.501,097,1110.55
QUINTILES TRANS 4.88% 05/15/2023US4.88005/15/2023238,000103.00245,1400.12
QVC INC 5.13% 07/02/2022US5.13007/02/2022200,000105.76211,5240.11
QWEST CORP 6.75% 12/01/2021US6.75012/01/2021305,000107.69328,4490.16
RADIAN GROUP INC 4.50% 10/01/2024US4.50010/01/2024430,000102.45440,5350.22
RANGE RESOURCES 4.88% 05/15/2025US4.88005/15/2025460,00096.50443,9000.22
RANGE RESOURCES 5.00% 03/15/2023US5.00003/15/2023174,00099.50173,1300.09
RANGE RESOURCES 5.00% 08/15/2022US5.00008/15/2022627,00099.50623,8650.31
RANGE RESOURCES 5.75% 06/01/2021US5.75006/01/202115,000103.7515,5630.01
REALOGY GRP / CO 4.88% 06/01/2023US4.88006/01/2023497,00098.75490,7880.25
RITE AID CORP 6.13% 04/01/2023US6.13004/01/20232,197,00090.251,982,7930.99
ROCKIES EXPRESS 6.88% 04/15/2040US6.88004/15/2040285,000112.50320,6250.16
RRI ENERGY INC 7.88% 06/15/2028US7.88006/15/2028500,00080.00400,0000.20
RYLAND GROUP 5.38% 10/01/2022US5.38010/01/2022620,000107.25664,9500.33
SABRE GLBL INC 5.25% 11/15/2023US5.25011/15/2023246,000102.28251,6090.13
SABRE GLBL INC 5.38% 04/15/2023US5.38004/15/2023668,000103.00688,0400.34
SCOTTS MIRACLE 5.25% 12/15/2026US5.25012/15/2026276,000104.75289,1100.14
SELECT MEDICAL 6.38% 06/01/2021US6.38006/01/2021684,000102.63701,9550.35
SEMGROUP/RR FIN 5.63% 07/15/2022US5.63007/15/2022564,00098.75556,9500.28
SEMGROUP/RR FIN 5.63% 11/15/2023US5.63011/15/2023581,00097.50566,4750.28
SENSATA TECH BV 5.00% 10/01/2025NL5.00010/01/2025690,000105.75729,6750.36
SERVICE CORP 5.38% 05/15/2024US5.38005/15/2024528,000105.38556,3800.28
SERVICE CORP INT 8.00% 11/15/2021US8.00011/15/2021335,000116.88391,5310.20
SERVICEMASTER 5.13% 11/15/2024US5.13011/15/2024896,000101.25907,2000.45
SESI LLC 7.13% 12/15/2021US7.13012/15/2021520,000102.50533,0000.27
SHELF DRL HOLD 9.50% 11/02/2020KY9.50011/02/20201,250,000101.881,273,4380.64
SINCLAIR TELE 5.63% 08/01/2024US5.63008/01/2024727,000103.13749,7190.37
SIRIUS XM RADIO 5.38% 04/15/2025US5.38004/15/2025490,000104.13510,2130.25
SIRIUS XM RADIO 5.38% 07/15/2026US5.38007/15/2026248,000103.63256,9900.13
SIRIUS XM RADIO 6.00% 07/15/2024US6.00007/15/2024126,000105.75133,2450.07
SLM CORP 7.25% 01/25/2022US7.25001/25/2022637,000107.13682,3860.34
SOFTBANK CORP 4.50% 04/15/2020JP4.50004/15/2020386,000102.15394,3110.20
SONIC AUTOMOTIVE 5.00% 05/15/2023US5.00005/15/2023243,00096.50234,4950.12
SONIC AUTOMOTIVE 6.13% 03/15/2027US6.13003/15/2027533,00099.25529,0030.26
SOUTHWESTERN ENE 6.70% 01/23/2025US6.70001/23/2025918,000103.88953,5730.48
SOUTHWESTERN ENE 7.50% 04/01/2026US7.50004/01/2026675,000106.25717,1880.36
SPECTRUM BRANDS 6.13% 12/15/2024US6.13012/15/2024108,000105.88114,3450.06
SPRINGLEAF FIN 5.63% 03/15/2023US5.63003/15/2023641,000100.22642,4100.32
SPRINT CAP CORP 6.88% 11/15/2028US6.88011/15/2028505,000100.63508,1560.25
SPRINT CORP 7.13% 06/15/2024US7.13006/15/20241,993,000101.752,027,8781.01
SPRINT CORP 7.63% 02/15/2025US7.63002/15/2025223,000104.75233,5930.12
SPRINT NEXTEL 6.00% 11/15/2022US6.00011/15/2022602,000100.00602,0000.30
STANDARD PACIFIC 5.88% 11/15/2024US5.88011/15/2024168,000111.16186,7400.09
STEEL DYNAMICS 4.13% 09/15/2025US4.13009/15/2025688,000100.75693,1600.35
STEEL DYNAMICS 5.00% 12/15/2026US5.00012/15/2026401,000105.75424,0580.21
STEEL DYNAMICS 5.25% 04/15/2023US5.25004/15/2023249,000103.00256,4700.13
SYMANTEC CORP 5.00% 04/15/2025US5.00004/15/2025338,000104.00351,5200.18
TALLGRASS NRG 5.50% 01/15/2028US5.50001/15/2028253,000101.22256,0870.13
TALLGRASS NRG 5.50% 09/15/2024US5.50009/15/20241,370,000102.631,405,9630.70
TECK RESOURCES 6.25% 07/15/2041CA6.25007/15/2041588,000114.50673,2600.34
TELEFLEX INC 4.63% 11/15/2027US4.63011/15/2027251,000100.86253,1460.13
TELEFLEX INC 4.88% 06/01/2026US4.88006/01/2026134,000103.25138,3550.07
TEMPUR SEALY INT 5.63% 10/15/2023US5.63010/15/2023491,000104.00510,6400.25
TENET HEALTHCARE 4.50% 04/01/2021US4.50004/01/2021223,000100.50224,1150.11
TENET HEALTHCARE 4.75% 06/01/2020US4.75006/01/2020250,000101.75254,3750.13
TENET HEALTHCARE 6.00% 10/01/2020US6.00010/01/20201,613,000105.731,705,4250.85
TENET HEALTHCARE 7.50% 01/01/2022US7.50001/01/2022320,000105.00336,0000.17
TENNECO INC 5.00% 07/15/2026US5.00007/15/2026406,000102.50416,1500.21
TERRAFORM POWER 4.25% 01/31/2023US4.25001/31/2023313,00099.25310,6530.16
TERRAFORM POWER 5.00% 01/31/2028US5.00001/31/2028313,00099.00309,8700.15
THC ESCROW CORP 5.13% 05/01/2025US5.13005/01/2025705,00097.50687,3750.34
T-MOBILE USA INC 6.00% 03/01/2023US6.00003/01/2023303,000104.70317,2410.16
T-MOBILE USA INC 6.00% 04/15/2024US6.00004/15/2024629,000106.00666,7400.33
T-MOBILE USA INC 6.63% 04/01/2023US6.63004/01/20231,025,000104.251,068,5630.53
TOLL BR FIN CORP 5.88% 02/15/2022US5.88002/15/2022773,000109.00842,5700.42
TR OP / TR FIN 5.38% 09/01/2025LU5.38009/01/2025715,000103.50740,0250.37
TRANSDIGM INC 5.50% 10/15/2020US5.50010/15/2020391,000101.25395,8880.20
TRANSOCEAN PHNX2 7.75% 10/15/2024KY7.75010/15/2024734,400109.50804,1680.40
TREEHOUSE FOODS 6.00% 02/15/2024US6.00002/15/2024820,000104.00852,8000.43
TRIMAS CORP 4.88% 10/15/2025US4.88010/15/2025647,000100.38649,4260.32
TRIUMPH GROUP 4.88% 04/01/2021US4.88004/01/2021239,00098.25234,8180.12
TRIUMPH GROUP 5.25% 06/01/2022US5.25006/01/2022570,00098.00558,6000.28
TRIUMPH GROUP 7.75% 08/15/2025US7.75008/15/2025499,000106.13529,5640.26
ULTRA RESOURCES 6.88% 04/15/2022US6.88004/15/2022353,000100.25353,8830.18
ULTRA RESOURCES 7.13% 04/15/2025US7.13004/15/2025475,00099.75473,8130.24
UNIT CORP 6.63% 05/15/2021US6.63005/15/20211,484,000100.751,495,1300.75
UNITED RENTAL NA 4.63% 10/15/2025US4.63010/15/2025228,000100.75229,7100.11
UNITED RENTAL NA 5.88% 09/15/2026US5.88009/15/2026317,000107.00339,1900.17
UNIVERSAL HOSP 7.63% 08/15/2020US7.63008/15/2020551,000100.00551,0000.28
UNIVISION COMM 5.13% 02/15/2025US5.13002/15/2025323,00097.38314,5210.16
UNIVISION COMM 5.13% 05/15/2023US5.13005/15/2023481,00099.75479,7980.24
UNTD AIR 14-2 B 4.63% 09/03/2022US4.63009/03/2022175,209102.86180,2200.09
UPCB FINANCE IV 5.38% 01/15/2025KY5.38001/15/2025374,000100.69376,5810.19
URS CORP/URS FOX 5.00% 04/01/2022US5.00004/01/2022720,000102.88740,7000.37
US FOODS INC 5.88% 06/15/2024US5.88006/15/2024499,000105.00523,9500.26
VALEANT PHARMA 5.50% 03/01/2023US5.50003/01/2023829,00091.50758,5350.38
VALEANT PHARMA 5.88% 05/15/2023CA5.88005/15/2023148,00092.75137,2700.07
VALEANT PHARMA 6.13% 04/15/2025CA6.13004/15/2025931,00091.50851,8650.43
VALEANT PHARMA 6.75% 08/15/2021US6.75008/15/2021101,000100.75101,7580.05
VERISIGN INC 4.75% 07/15/2027US4.75007/15/2027147,000102.25150,3080.08
VIASAT INC 5.63% 09/15/2025US5.63009/15/2025636,000100.75640,7700.32
VIDEOTRON LTD 5.00% 07/15/2022CA5.00007/15/2022391,000105.25411,5280.21
VIDEOTRON LTD 5.13% 04/15/2027CA5.13004/15/2027266,000104.50277,9700.14
WABASH NATIONAL 5.50% 10/01/2025US5.50010/01/2025655,000100.75659,9130.33
WESTERN DIGITAL 10.50% 04/01/2024US10.50004/01/2024623,000115.88721,9010.36
WESTERN DIGITAL 7.38% 04/01/2023US7.38004/01/2023276,000107.88297,7350.15
WILLIAM LYON INC 5.88% 01/31/2025US5.88001/31/2025490,000102.13500,4130.25
WILLIAMS COS INC 5.75% 06/24/2044US5.75006/24/2044314,000106.75335,1950.17
WILLIAMS COS INC 7.50% 01/15/2031US7.50001/15/2031223,000122.25272,6180.14
ZAYO GROUP LLC 5.75% 01/15/2027US5.75001/15/2027575,000102.00586,5000.29
Top 10 Holdings as of 12/31/2017
Security Description
% of
Portfolio
1. SPRINT CORP. 7.13% 06/15/241.0
2. RITE AID CORP. 6.13% 04/01/231.0
3. TENET HEALTHCARE CORP. 6.00% 10/01/200.9
4. HCA HOLDINGS INC. 5.88% 02/15/260.9
5. CCO HOLDINGS LLC 5.75% 02/15/260.9
6. ALTICE FINANCING 6.63% 02/15/230.8
7. FRONTIER COMMUNICATIONS CORP. 10.50% 09/15/220.8
8. UNIT CORP. 6.63% 05/15/210.8
9. ARCH MERGER SUB INC. 8.50% 09/15/250.7
10. HCA INC. 5.38% 02/01/250.7

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.