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

Portfolio Characteristics as of 6/30/2018
Weighted Average Effective Duration14.5 Years
Weighted Average Effective Maturity25.8 Years
Number of Holdings ^346

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.

^ Total number of holdings includes cash equivalents

Credit Quality as of 6/30/2018(% of Portfolio)
BBB/Baa5.8
BB/Ba54.8
B/B38.5
CCC or lower0.4
Not Rated0.3
Cash Equivalents0.2
Full Holdings as of 6/30/2018
Security DescriptionCountryCoupon Rate (%)Maturity DateShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
1011778 BC ULC / 4.25% 05/15/2024CA4.25005/15/2024263,00094.75249,1930.13
1011778 BC ULC / 5.00% 10/15/2025CA5.00010/15/2025700,00094.62662,3400.34
ABC SUPPLY CO 5.88% 05/15/2026US5.88005/15/2026870,00098.38855,8630.44
ACADIA HEALTH 5.63% 02/15/2023US5.63002/15/2023637,000100.75641,7780.33
ACADIA HEALTH 6.50% 03/01/2024US6.50003/01/2024475,000102.50486,8750.25
ACCO BRANDS CORP 5.25% 12/15/2024US5.25012/15/2024214,00099.75213,4650.11
ADIENT GLOBAL HO 4.88% 08/15/2026JE4.88008/15/2026502,00089.75450,5450.23
AES CORP/THE 4.88% 05/15/2023US4.88005/15/2023554,00099.75552,6150.28
AIRCASTLE LTD 5.00% 04/01/2023BM5.00004/01/202373,000100.3873,2740.04
AIRCASTLE LTD 5.50% 02/15/2022US5.50002/15/2022977,000102.25998,9830.51
ALBERTSONS COS 5.75% 03/15/2025US5.75003/15/20251,123,00088.50993,8550.51
ALCOA NEDERLAND 6.13% 05/15/2028NL6.13005/15/2028200,000100.63201,2500.10
ALCOA NEDERLAND 7.00% 09/30/2026NL7.00009/30/20261,076,000106.501,145,9400.59
ALLY FINANCIAL 5.75% 11/20/2025US5.75011/20/2025555,000101.88565,4060.29
ALTICE FINANCING 6.63% 02/15/2023LU6.63002/15/20231,499,00098.551,477,2650.76
ALTICE FINANCING 7.50% 05/15/2026LU7.50005/15/2026463,00096.72447,8140.23
ALTICE US FIN I 5.38% 07/15/2023US5.38007/15/2023400,00099.50398,0000.20
ALTICE US FIN I 5.50% 05/15/2026US5.50005/15/2026761,00096.50734,3650.38
AM AIRLN 13-2 B 5.60% 07/15/2020US5.60007/15/2020691,071102.06705,3250.36
AMC ENTMNT HOLDI 5.88% 11/15/2026US5.88011/15/2026381,00096.25366,7130.19
AMC NETWORKS INC 4.75% 08/01/2025US4.75008/01/2025265,00096.13254,7340.13
AMC NETWORKS INC 5.00% 04/01/2024US5.00004/01/2024292,00098.50287,6200.15
AMER WOODMARK CO 4.88% 03/15/2026US4.88003/15/2026303,00094.75287,0930.15
AMSTED INDS 5.38% 09/15/2024US5.38009/15/2024217,00099.25215,3730.11
AMSURG CORP 5.63% 07/15/2022US5.63007/15/2022488,000101.31494,4050.25
ARAMARK SERV INC 5.00% 02/01/2028US5.00002/01/2028245,00095.50233,9750.12
ARDAGH PKG FIN 6.00% 02/15/2025IE6.00002/15/2025510,00097.38496,6130.25
AVIS BUDGET CAR 5.13% 06/01/2022US5.13006/01/2022798,00097.75780,0450.40
AVIS BUDGET CAR 5.50% 04/01/2023US5.50004/01/2023446,00097.50434,8500.22
AVON PRODUCTS 4.60% 03/15/2020US4.60003/15/20201,000,00098.50985,0000.50
B&G FOODS INC 5.25% 04/01/2025US5.25004/01/20251,020,00094.25961,3500.49
BALL CORP 4.88% 03/15/2026US4.88003/15/2026315,00099.63313,8190.16
BANK OF AMER CRP 6.10% 03/17/2049US6.10003/17/2049978,000103.941,016,5330.52
BBA US HOLDINGS 5.38% 05/01/2026US5.38005/01/2026655,000100.38657,4630.34
BEACON ROOFING S 4.88% 11/01/2025US4.88011/01/2025521,00091.94479,0070.25
BELO CORP 7.25% 09/15/2027US7.25009/15/2027985,000103.001,014,5500.52
BLOCK COMMUNICAT 6.88% 02/15/2025US6.88002/15/2025339,00099.75338,1530.17
BLUE CUBE SPINCO 9.75% 10/15/2023US9.75010/15/2023178,000113.25201,5850.10
BLUE RACER MID/F 6.13% 11/15/2022US6.13011/15/2022584,000101.00589,8400.30
BLUE RACER MID/F 6.63% 07/15/2026US6.63007/15/20261,176,00098.971,163,8870.60
BOMBARDIER INC 6.00% 10/15/2022CA6.00010/15/2022591,00099.60588,6060.30
BOMBARDIER INC 7.50% 03/15/2025CA7.50003/15/2025540,000104.13562,2750.29
BOOZ ALLEN & HAM 5.13% 05/01/2025US5.13005/01/2025861,00097.75841,6280.43
BRINKER INTL 3.88% 05/15/2023US3.88005/15/2023555,00094.25523,0880.27
BRINKER INTL 5.00% 10/01/2024US5.00010/01/2024534,00096.50515,3100.26
BUILDING MAT COR 5.38% 11/15/2024US5.38011/15/2024365,00098.75360,4380.18
BUILDING MAT COR 6.00% 10/15/2025US6.00010/15/2025549,000100.25550,3730.28
BWX TECHNOLOGIES 5.38% 07/15/2026US5.38007/15/2026367,000101.25371,5880.19
CABLE ONE INC 5.75% 06/15/2022US5.75006/15/2022352,000102.00359,0400.18
CABLEVISION SYS 5.88% 09/15/2022US5.88009/15/20221,018,00099.251,010,3650.52
CARDTRONICS INC 5.13% 08/01/2022US5.13008/01/2022825,00095.50787,8750.40
CARDTRONICS INC 5.50% 05/01/2025US5.50005/01/2025525,00090.50475,1250.24
CARE CAPITAL 5.13% 08/15/2026US5.13008/15/20261,362,00095.551,301,4240.67
CARRIAGE SERVICE 6.63% 06/01/2026US6.63006/01/2026788,000101.38798,8350.41
CARRIZO OIL&GAS 6.25% 04/15/2023US6.25004/15/2023510,000101.25516,3750.26
CASCADES INC 5.50% 07/15/2022CA5.50007/15/2022380,00099.13376,6750.19
CASCADES INC 5.75% 07/15/2023CA5.75007/15/2023441,00098.50434,3850.22
CCO HOLDINGS LLC 5.13% 05/01/2027US5.13005/01/2027797,00093.56745,6930.38
CCO HOLDINGS LLC 5.75% 01/15/2024US5.75001/15/2024271,000100.25271,6780.14
CCO HOLDINGS LLC 5.75% 02/15/2026US5.75002/15/20261,325,00098.251,301,8130.67
CCO HOLDINGS LLC 5.88% 04/01/2024US5.88004/01/2024190,000100.25190,4750.10
CDK GLOBAL INC 4.88% 06/01/2027US4.88006/01/2027671,00095.88643,3210.33
CDW LLC/CDW FIN 5.50% 12/01/2024US5.50012/01/2024849,000102.00865,9800.44
CENTENE CORP 4.75% 01/15/2025US4.75001/15/20251,013,00099.501,007,9350.52
CENTENE ESCRW 5.38% 06/01/2026US5.38006/01/2026216,000101.31218,8360.11
CENTRAL GARDEN 5.13% 02/01/2028US5.13002/01/2028653,00092.50604,0250.31
CENTURY COMMUNIT 5.88% 07/15/2025US5.88007/15/2025500,00094.50472,5000.24
CENTURY TEL ENTP 6.88% 01/15/2028US6.88001/15/2028564,00092.00518,8800.27
CENTURYLINK INC 5.63% 04/01/2025US5.63004/01/2025580,00094.50548,1000.28
CENTURYLINK INC 5.80% 03/15/2022US5.80003/15/20221,434,00099.001,419,6600.73
CENTURYLINK INC 6.45% 06/15/2021US6.45006/15/2021436,000102.82448,2820.23
CENTURYLINK INC 6.75% 12/01/2023US6.75012/01/2023300,000100.50301,5000.15
CHENIERE CORP CH 5.13% 06/30/2027US5.13006/30/2027200,00099.13198,2500.10
CHENIERE CORP CH 5.88% 03/31/2025US5.88003/31/2025638,000104.00663,5200.34
CHENIERE CORP CH 7.00% 06/30/2024US7.00006/30/2024398,000109.00433,8200.22
CHS/COMMUNITY 6.25% 03/31/2023US6.25003/31/20231,087,00091.63995,9640.51
CIMPRESS NV 7.00% 06/15/2026NL7.00006/15/20261,287,000102.131,314,3490.67
CIT GROUP INC 6.13% 03/09/2028US6.13003/09/2028314,000102.75322,6350.17
COMMERCIAL METAL 4.88% 05/15/2023US4.88005/15/2023300,00097.78293,3400.15
COMMERCIAL METAL 5.75% 04/15/2026US5.75004/15/2026968,00097.25941,3800.48
COMMSCOPE INC 5.50% 06/15/2024US5.50006/15/2024204,000100.50205,0200.10
COMMSCOPE TECH 5.00% 03/15/2027US5.00003/15/2027741,00094.13697,4660.36
COOKE/ALPHA 8.50% 12/15/2022CA8.50012/15/2022616,000101.00622,1600.32
CORECIVIC INC 4.75% 10/15/2027US4.75010/15/2027549,00090.75498,2180.26
CORRECTIONS CORP 4.63% 05/01/2023US4.63005/01/2023323,00097.00313,3100.16
COTT HOLDINGS IN 5.50% 04/01/2025CA5.50004/01/2025818,00097.25795,5050.41
CREDIT ACCEPTANC 6.13% 02/15/2021US6.13002/15/2021263,000100.38263,9860.14
CREDIT ACCEPTANC 7.38% 03/15/2023US7.38003/15/2023651,000103.25672,1580.34
CROWN AMER/CAP 4.75% 02/01/2026US4.75002/01/2026622,00095.00590,9000.30
CSC HOLDINGS LLC 5.25% 06/01/2024US5.25006/01/20242,908,00094.502,748,0601.41
CSC HOLDINGS LLC 6.63% 10/15/2025US6.63010/15/2025190,000102.38194,5130.10
CUMBERLAND FARMS 6.75% 05/01/2025US6.75005/01/2025374,000101.25378,6750.19
CVR PARTNERS LP 9.25% 06/15/2023US9.25006/15/2023761,000103.00783,8300.40
CYRUSONE LP/CYRU 5.00% 03/15/2024US5.00003/15/2024506,000100.00506,0000.26
CYRUSONE LP/CYRU 5.38% 03/15/2027US5.38003/15/2027277,00099.25274,9230.14
DANA FIN LUX SAR 5.75% 04/15/2025LU5.75004/15/2025378,00098.50372,3300.19
DELEK LOG PT/FIN 6.75% 05/15/2025US6.75005/15/2025725,000100.00725,0000.37
DELPHI JERSEY 5.00% 10/01/2025JE5.00010/01/2025415,00095.38395,8060.20
DIAMOND 1 FIN/DI 5.88% 06/15/2021US5.88006/15/2021148,000101.36150,0160.08
DIAMOND 1 FIN/DI 7.13% 06/15/2024US7.13006/15/20241,067,000105.941,130,4110.58
DIEBOLD INC 8.50% 04/15/2024US8.50004/15/20241,016,00095.78973,1550.50
DISH DBS CORP 5.88% 07/15/2022US5.88007/15/20221,613,00094.001,516,2200.78
DISH DBS CORP 6.75% 06/01/2021US6.75006/01/20211,111,000100.131,112,3890.57
DOWNSTREAM DEVE 10.50% 02/15/2023US10.50002/15/2023395,000102.00402,9000.21
DPL INC 7.25% 10/15/2021US7.25010/15/2021429,000107.99463,2560.24
DREYFUS-GOV C-INUS -- -- 224,3511.00224,3510.11
DYNEGY INC 5.88% 06/01/2023US5.88006/01/2023302,000102.88310,6830.16
DYNEGY INC 8.13% 01/30/2026US8.13001/30/2026618,000108.63671,3030.34
EMC CORP 3.38% 06/01/2023US3.38006/01/2023711,00093.51664,8860.34
ENDEAVOR ENERGY 5.75% 01/30/2028US5.75001/30/2028499,00097.50486,5250.25
ENERGIZER G A 6.38% 07/15/2026US6.38007/15/2026107,000101.69108,8060.06
ENERGIZER SPINCO 5.50% 06/15/2025US5.50006/15/2025166,00098.25163,0950.08
ENERGY TRANS 5.50% 06/01/2027US5.50006/01/2027757,000100.00757,0000.39
ENSCO PLC 7.75% 02/01/2026GB7.75002/01/2026823,00094.47777,4880.40
ENVISION HEALTH 5.13% 07/01/2022US5.13007/01/2022156,000100.88157,3650.08
ENVISION HEALTH 6.25% 12/01/2024US6.25012/01/2024470,000106.50500,5500.26
EQUINIX INC 5.38% 05/15/2027US5.38005/15/2027263,00099.75262,3430.13
ESH HOSPITALITY 5.25% 05/01/2025US5.25005/01/20251,238,00096.501,194,6700.61
EW SCRIPPS 5.13% 05/15/2025US5.13005/15/2025789,00093.75739,6880.38
EXTERRAN SOL/FIN 8.13% 05/01/2025US8.13005/01/2025204,000105.50215,2200.11
EXTRACTION OIL 5.63% 02/01/2026US5.63002/01/2026895,00095.76857,0160.44
EXTRACTION OIL 7.38% 05/15/2024US7.38005/15/2024395,000104.75413,7630.21
FIRST DATA CORP 5.00% 01/15/2024US5.00001/15/2024896,00099.25889,2800.46
FIRST DATA CORP 5.38% 08/15/2023US5.38008/15/2023503,000100.93507,6530.26
FIRST DATA CORP 7.00% 12/01/2023US7.00012/01/2023336,000104.16349,9710.18
FIRST QUAL FIN C 5.00% 07/01/2025US5.00007/01/2025748,00091.50684,4200.35
FREEPORT-MC C&G 3.55% 03/01/2022US3.55003/01/20221,163,00095.001,104,8500.57
FREEPORT-MCMORAN 6.88% 02/15/2023US6.88002/15/2023112,000105.37118,0140.06
FRONTIER COMM 10.50% 09/15/2022US10.50009/15/20221,541,00090.751,398,4580.72
FRONTIER COMM 7.13% 01/15/2023US7.13001/15/2023100,00073.6973,6880.04
FRONTIER COMM 8.50% 04/01/2026US8.50004/01/2026595,00096.50574,1750.29
FRONTIER COMM 8.50% 04/15/2020US8.50004/15/2020290,000102.19296,3480.15
GENESIS ENERGY 6.00% 05/15/2023US6.00005/15/2023251,00098.13246,2940.13
GENESIS ENERGY 6.25% 05/15/2026US6.25005/15/2026506,00094.25476,9050.24
GENESIS ENERGY 6.75% 08/01/2022US6.75008/01/2022581,000101.00586,8100.30
GENON ENERGY 10/15/2018US -- 10/15/2018541,00091.00492,3100.25
GLP CAP/FIN II 5.25% 06/01/2025US5.25006/01/2025447,000100.00447,0000.23
GLP CAP/FIN II 5.38% 04/15/2026US5.38004/15/20261,025,00099.001,014,7500.52
GLP CAP/FIN II 5.38% 11/01/2023US5.38011/01/2023243,000102.13248,1640.13
GLP CAP/FIN II 5.75% 06/01/2028US5.75006/01/2028432,000100.75435,2400.22
GMAC LLC 8.00% 11/01/2031US8.00011/01/2031926,000118.501,097,3100.56
GOLDMAN SACHS GP 5.00% 11/10/2072US5.00011/10/2072322,00093.81302,0680.15
GRAHAM HOLDINGS 5.75% 06/01/2026US5.75006/01/2026477,000101.00481,7700.25
GRAY TELE INC 5.13% 10/15/2024US5.13010/15/2024749,00095.72716,9430.37
GULFPORT ENERGY 6.38% 05/15/2025US6.38005/15/20251,493,00097.251,451,9430.74
H&E EQUIPMENT 5.63% 09/01/2025US5.63009/01/2025455,00098.25447,0380.23
HANESBRANDS INC 4.63% 05/15/2024US4.63005/15/2024581,00097.50566,4750.29
HARLAND CLARKE 8.38% 08/15/2022US8.38008/15/202234,00098.0033,3200.02
HCA INC 5.38% 02/01/2025US5.38002/01/20251,662,00098.471,636,5710.84
HCA INC 5.88% 02/15/2026US5.88002/15/20261,602,000100.881,616,0180.83
HCA INC 5.88% 05/01/2023US5.88005/01/2023371,000103.75384,9130.20
HEALTHSOUTH CORP 5.75% 11/01/2024US5.75011/01/20241,050,000100.061,050,6090.54
HERTZ CORP 5.88% 10/15/2020US5.88010/15/2020474,00097.75463,3350.24
HERTZ CORP 7.63% 06/01/2022US7.63006/01/2022540,00096.00518,4000.27
HILCORP ENERGY I 5.75% 10/01/2025US5.75010/01/2025345,00099.75344,1380.18
HILTON DOMESTIC 5.13% 05/01/2026US5.13005/01/2026627,00098.25616,0280.32
HUDBAY MINERALS 7.63% 01/15/2025CA7.63001/15/2025579,000104.75606,5030.31
IMS HEALTH INC 5.00% 10/15/2026US5.00010/15/2026425,00097.38413,8440.21
INGLES MKTS INC 5.75% 06/15/2023US5.75006/15/2023949,00098.50934,7650.48
INTELSAT JACKSON 5.50% 08/01/2023LU5.50008/01/2023741,00089.72664,8250.34
INTELSAT JACKSON 7.50% 04/01/2021LU7.50004/01/202149,00099.2548,6330.02
INTL GAME TECH 6.25% 02/15/2022US6.25002/15/20221,051,000102.501,077,2750.55
J2 CLOUD LLC/INC 6.00% 07/15/2025US6.00007/15/2025211,000101.25213,6380.11
JAGGED PEAK ENER 5.88% 05/01/2026US5.88005/01/2026327,00098.00320,4600.16
JAMES HARDIE INT 4.75% 01/15/2025IE4.75001/15/2025287,00097.50279,8250.14
JB POINDEXTER & 7.13% 04/15/2026US7.13004/15/2026612,000102.50627,3000.32
JBS USA LLC/JBS 5.88% 07/15/2024US5.88007/15/2024234,00095.50223,4720.11
JBS USA LUX/FIN 6.75% 02/15/2028US6.75002/15/2028478,00094.47451,5670.23
JBS USA LUX/FIN 7.25% 06/01/2021US7.25006/01/2021298,000101.00300,9800.15
JBS USA LUX/FIN 7.25% 06/01/2021US7.25006/01/2021160,000101.00161,6000.08
JC PENNEY CORP 8.13% 10/01/2019US8.13010/01/2019116,000103.25119,7700.06
JPMORGAN CHASE 5.30% 12/29/2049US5.30012/29/2049664,000101.85676,2840.35
KAISER ALUMINUM 5.88% 05/15/2024US5.88005/15/2024111,000102.00113,2200.06
KFC HLD/PIZZA HU 5.00% 06/01/2024US5.00006/01/2024638,00098.72629,8340.32
KINROSS GOLD 4.50% 07/15/2027CA4.50007/15/20271,060,00091.75972,5500.50
LENNAR CORP 4.13% 01/15/2022US4.13001/15/2022270,00099.00267,3000.14
LENNAR CORP 4.75% 05/30/2025US4.75005/30/2025402,00096.75388,9350.20
LENNAR CORP 4.75% 11/29/2027US4.75011/29/2027437,00093.78409,8190.21
LENNAR CORP 4.88% 12/15/2023US4.88012/15/2023398,00099.75397,0050.20
LENNAR CORP 5.38% 10/01/2022US5.38010/01/2022620,000102.00632,4000.32
LENNAR CORP 5.88% 11/15/2024US5.88011/15/2024168,000103.49173,8620.09
LEVEL 3 FIN INC 5.63% 02/01/2023US5.63002/01/2023378,000100.00378,0000.19
LIVE NATION ENT 4.88% 11/01/2024US4.88011/01/2024305,00096.75295,0880.15
LIVE NATION ENT 5.63% 03/15/2026US5.63003/15/2026191,00099.25189,5680.10
LOUISIANA-PACIFI 4.88% 09/15/2024US4.88009/15/2024400,00098.25393,0000.20
LSC COMMUNICATIO 8.75% 10/15/2023US8.75010/15/2023711,00098.00696,7800.36
LUNDIN MINING CO 7.88% 11/01/2022CA7.88011/01/2022365,000104.70382,1550.20
M/I HOMES INC 5.63% 08/01/2025US5.63008/01/2025205,00093.50191,6750.10
MALLINCKRODT FIN 4.88% 04/15/2020LU4.88004/15/2020410,00098.25402,8250.21
MALLINCKRODT FIN 5.50% 04/15/2025LU5.50004/15/2025469,00080.00375,2000.19
MATCH GROUP INC 5.00% 12/15/2027US5.00012/15/2027181,00093.00168,3300.09
MATTEL INC 6.75% 12/31/2025US6.75012/31/2025998,00097.38971,8030.50
MDC PARTNERS INC 6.50% 05/01/2024CA6.50005/01/2024947,00086.75821,5230.42
MEG ENERGY CORP 6.38% 01/30/2023CA6.38001/30/2023413,00093.00384,0900.20
MEREDITH CORP 6.88% 02/01/2026US6.88002/01/2026507,00098.63500,0290.26
MERITAGE HOMES 7.15% 04/15/2020US7.15004/15/2020531,000105.50560,2050.29
METLIFE INC 5.25% 12/29/2049US5.25012/29/2049844,000101.73858,6010.44
MGIC INVT CORP 5.75% 08/15/2023US5.75008/15/2023642,000102.00654,8400.34
MGM GROWTH/MGM F 5.63% 05/01/2024US5.63005/01/2024238,000101.25240,9750.12
MGM RESORTS 6.00% 03/15/2023US6.00003/15/20231,047,000103.001,078,4100.55
MULTI-COLOR CORP 4.88% 11/01/2025US4.88011/01/2025804,00093.13748,7250.38
MULTI-COLOR CORP 6.13% 12/01/2022US6.13012/01/2022436,000102.25445,8100.23
MURPHY OIL USA 5.63% 05/01/2027US5.63005/01/20271,076,00097.751,051,7900.54
NAVIENT CORP 5.00% 10/26/2020US5.00010/26/2020197,00099.75196,5080.10
NAVIENT CORP 6.50% 06/15/2022US6.50006/15/2022699,000102.38715,6010.37
NAVIENT CORP 7.25% 09/25/2023US7.25009/25/2023455,000104.75476,6130.24
NCR CORP 4.63% 02/15/2021US4.63002/15/2021600,00099.25595,5000.30
NETFLIX INC 4.88% 04/15/2028US4.88004/15/2028652,00095.32621,4670.32
NEW ENTERPRISE 6.25% 03/15/2026US6.25003/15/2026701,000101.00708,0100.36
NEW HOME CO 7.25% 04/01/2022US7.25004/01/2022546,000102.86561,6050.29
NEXSTAR BROADC 5.63% 08/01/2024US5.63008/01/2024113,00096.75109,3280.06
NGL ENRGY PART/F 6.13% 03/01/2025US6.13003/01/2025462,00094.50436,5900.22
NGL ENRGY PART/F 6.88% 10/15/2021US6.88010/15/2021163,000101.25165,0380.08
NGL ENRGY PART/F 7.50% 11/01/2023US7.50011/01/2023869,000101.00877,6900.45
NGPL PIPECO LLC 7.77% 12/15/2037US7.77012/15/2037646,000117.50759,0500.39
NOKIA OYJ 3.38% 06/12/2022FI3.38006/12/2022362,00096.81350,4450.18
NOKIA OYJ 4.38% 06/12/2027FI4.38006/12/2027362,00094.00340,2800.17
NOVA CHEMICALS 4.88% 06/01/2024CA4.88006/01/2024565,00095.00536,7500.27
NOVA CHEMICALS 5.25% 08/01/2023CA5.25008/01/2023373,00099.75372,0680.19
NOVELIS CORP 5.88% 09/30/2026US5.88009/30/2026764,00095.75731,5300.37
NOVELIS CORP 6.25% 08/15/2024US6.25008/15/2024191,000100.00191,0000.10
NRG ENERGY INC 5.75% 01/15/2028US5.75001/15/2028198,00098.50195,0300.10
NRG ENERGY INC 6.25% 07/15/2022US6.25007/15/2022595,000102.91612,2850.31
NRG ENERGY INC 7.25% 05/15/2026US7.25005/15/2026446,000106.50474,9900.24
NUFARM AU LTD/AM 5.75% 04/30/2026AU5.75004/30/2026889,00097.00862,3300.44
NUMERICABLE-SFR 6.00% 05/15/2022FR6.00005/15/2022506,000100.36507,7960.26
NUMERICABLE-SFR 6.25% 05/15/2024FR6.25005/15/2024824,00097.13800,3100.41
NUMERICABLE-SFR 7.38% 05/01/2026FR7.38005/01/2026334,00097.77326,5520.17
OASIS PETROLEUM 6.25% 05/01/2026US6.25005/01/2026630,000101.00636,3000.33
OLIN CORP 5.00% 02/01/2030US5.00002/01/2030284,00094.50268,3800.14
OPEN TEXT CORP 5.88% 06/01/2026CA5.88006/01/2026776,000102.00791,5200.41
OWENS-BROCKWAY 5.88% 08/15/2023US5.88008/15/2023256,000101.13258,8800.13
PARKLAND FUEL 6.00% 04/01/2026CA6.00004/01/20261,206,00098.501,187,9100.61
PDC ENERGY INC 5.75% 05/15/2026US5.75005/15/2026421,00099.00416,7900.21
PDC ENERGY INC 6.13% 09/15/2024US6.13009/15/20241,012,000102.001,032,2400.53
PEABODY ENERGY 6.00% 03/31/2022US6.00003/31/2022574,000101.46582,3800.30
PEABODY SEC FIN 6.38% 03/31/2025US6.38003/31/2025539,000103.25556,5180.29
PENSKE AUTO GRP 5.38% 12/01/2024US5.38012/01/2024343,00098.25336,9980.17
PERFORMANCE FOOD 5.50% 06/01/2024US5.50006/01/2024760,00098.75750,5000.38
PILGRIM'S PRIDE 5.75% 03/15/2025US5.75003/15/2025631,00096.00605,7600.31
PILGRIM'S PRIDE 5.88% 09/30/2027US5.88009/30/202766,00092.7561,2150.03
PLASTIPAK HOLDIN 6.25% 10/15/2025US6.25010/15/20251,036,00092.00953,1200.49
POST HOLDINGS IN 5.00% 08/15/2026US5.00008/15/2026816,00093.25760,9200.39
POST HOLDINGS IN 5.63% 01/15/2028US5.63001/15/2028502,00093.75470,6250.24
PRECISION DRILL 7.13% 01/15/2026CA7.13001/15/2026320,000102.70328,6400.17
PRECISION DRILL 7.75% 12/15/2023CA7.75012/15/2023477,000105.25502,0430.26
PULTEGROUP INC 5.50% 03/01/2026US5.50003/01/2026300,00099.00297,0000.15
QEP RESOURCES 5.38% 10/01/2022US5.38010/01/2022276,000101.75280,8300.14
QEP RESOURCES 5.63% 03/01/2026US5.63003/01/2026193,00095.75184,7980.09
QTS LP/FINANCE 4.75% 11/15/2025US4.75011/15/2025652,00093.60610,2390.31
QUAD/GRAPHICS 7.00% 05/01/2022US7.00005/01/2022810,000102.00826,2000.42
QUEBECOR MEDIA 5.75% 01/15/2023CA5.75001/15/2023700,000102.00714,0000.37
QUESTAR MARKET 6.80% 03/01/2020US6.80003/01/2020598,000104.50624,9100.32
QUICKEN LOANS IN 5.25% 01/15/2028US5.25001/15/2028932,00092.23859,5840.44
QUICKEN LOANS IN 5.75% 05/01/2025US5.75005/01/2025386,00097.88377,8090.19
QVC INC 5.13% 07/02/2022US5.13007/02/2022200,000102.44204,8760.10
RADIAN GROUP INC 4.50% 10/01/2024US4.50010/01/2024430,00096.50414,9500.21
RANGE RESOURCES 4.88% 05/15/2025US4.88005/15/2025460,00093.75431,2500.22
RANGE RESOURCES 5.00% 03/15/2023US5.00003/15/2023174,00096.75168,3450.09
RANGE RESOURCES 5.00% 08/15/2022US5.00008/15/2022627,00099.00620,7300.32
RANGE RESOURCES 5.75% 06/01/2021US5.75006/01/202115,000102.5015,3750.01
REALOGY GRP / CO 4.88% 06/01/2023US4.88006/01/2023497,00094.00467,1800.24
RITE AID CORP 6.13% 04/01/2023US6.13004/01/20231,917,000101.401,943,8381.00
ROCKPOINT GAS ST 7.00% 03/31/2023CA7.00003/31/2023400,000100.00400,0000.20
ROYAL BK SCOTLND 6.13% 12/15/2022GB6.13012/15/20221,372,000105.241,443,9070.74
SABRE GLBL INC 5.25% 11/15/2023US5.25011/15/2023246,000100.62247,5330.13
SABRE GLBL INC 5.38% 04/15/2023US5.38004/15/2023343,000101.00346,4300.18
SCOTTS MIRACLE 5.25% 12/15/2026US5.25012/15/2026276,00095.75264,2700.14
SELECT MEDICAL 6.38% 06/01/2021US6.38006/01/2021684,000101.36693,3200.36
SEMGROUP/RR FIN 5.63% 07/15/2022US5.63007/15/2022200,00097.00194,0000.10
SEMGROUP/RR FIN 5.63% 11/15/2023US5.63011/15/2023581,00094.25547,5930.28
SENSATA TECH BV 5.00% 10/01/2025NL5.00010/01/2025415,000100.75418,1130.21
SERVICE CORP 5.38% 05/15/2024US5.38005/15/2024253,000102.25258,6930.13
SERVICE CORP INT 7.50% 04/01/2027US7.50004/01/2027125,000112.75140,9380.07
SERVICEMASTER 5.13% 11/15/2024US5.13011/15/2024896,00097.00869,1200.45
SHELF DRL HOLD 8.25% 02/15/2025KY8.25002/15/20251,379,000100.751,389,3430.71
SIRIUS XM RADIO 5.38% 04/15/2025US5.38004/15/2025440,00098.63433,9500.22
SIRIUS XM RADIO 5.38% 07/15/2026US5.38007/15/2026248,00096.25238,7000.12
SLM CORP 7.25% 01/25/2022US7.25001/25/2022637,000104.63666,4610.34
SONIC AUTOMOTIVE 5.00% 05/15/2023US5.00005/15/2023243,00095.50232,0650.12
SONIC AUTOMOTIVE 6.13% 03/15/2027US6.13003/15/2027533,00094.50503,6850.26
SOUTHWESTERN ENE 6.70% 01/23/2025US6.70001/23/20251,371,00097.881,341,8660.69
SOUTHWESTERN ENE 7.50% 04/01/2026US7.50004/01/2026896,000103.50927,3600.47
SPRINGLEAF FIN 5.63% 03/15/2023US5.63003/15/2023641,00099.47637,6030.33
SPRINGLEAF FIN 6.88% 03/15/2025US6.88003/15/2025382,00099.25379,1350.19
SPRINGLEAF FIN 7.13% 03/15/2026US7.13003/15/2026328,00099.50326,3600.17
SPRINT CAP CORP 6.88% 11/15/2028US6.88011/15/2028505,00095.75483,5380.25
SPRINT CORP 7.13% 06/15/2024US7.13006/15/20242,599,000100.962,623,9241.34
SPRINT CORP 7.63% 02/15/2025US7.63002/15/2025223,000102.00227,4620.12
SPRINT CORP 7.63% 03/01/2026US7.63003/01/2026293,000102.00298,8600.15
STAPLES INC 8.50% 09/15/2025US8.50009/15/20251,402,00093.251,307,3650.67
STEEL DYNAMICS 4.13% 09/15/2025US4.13009/15/2025394,00095.88377,7480.19
STEEL DYNAMICS 5.00% 12/15/2026US5.00012/15/2026376,000100.00376,0000.19
SUNOCO LP/FIN 4.88% 01/15/2023US4.88001/15/2023159,00096.00152,6400.08
SUNOCO LP/FIN 5.50% 02/15/2026US5.50002/15/2026247,00094.75234,0330.12
SYMANTEC CORP 5.00% 04/15/2025US5.00004/15/2025338,00096.88327,4460.17
TALLGRASS NRG 5.50% 01/15/2028US5.50001/15/2028453,00098.25445,0730.23
TALLGRASS NRG 5.50% 09/15/2024US5.50009/15/20241,080,000102.001,101,6000.56
TECK RESOURCES 6.25% 07/15/2041CA6.25007/15/2041588,00099.50585,0600.30
TELECOM IT CAP 6.00% 09/30/2034LU6.00009/30/2034353,00095.30336,4090.17
TELECOM IT CAP 6.38% 11/15/2033LU6.38011/15/2033865,00098.50852,0250.44
TELEFLEX INC 4.88% 06/01/2026US4.88006/01/2026134,00098.00131,3200.07
TEMPUR SEALY INT 5.63% 10/15/2023US5.63010/15/2023213,000100.13213,2660.11
TENET HEALTHCARE 4.50% 04/01/2021US4.50004/01/2021223,00099.00220,7700.11
TENET HEALTHCARE 4.75% 06/01/2020US4.75006/01/2020250,000100.25250,6250.13
TENET HEALTHCARE 6.00% 10/01/2020US6.00010/01/20201,613,000102.751,657,3580.85
TENET HEALTHCARE 7.50% 01/01/2022US7.50001/01/2022320,000104.00332,8000.17
TENNECO INC 5.00% 07/15/2026US5.00007/15/2026406,00089.30362,5580.19
TERRAFORM POWER 4.25% 01/31/2023US4.25001/31/2023313,00096.50302,0450.15
TERRAFORM POWER 5.00% 01/31/2028US5.00001/31/2028313,00094.75296,5680.15
TEVA PHARMACEUTI 6.00% 04/15/2024NL6.00004/15/2024300,00099.03297,0980.15
TEVA PHARMACEUTI 6.75% 03/01/2028NL6.75003/01/20281,167,000101.921,189,4390.61
THC ESCROW CORP 5.13% 05/01/2025US5.13005/01/2025705,00095.06670,1910.34
T-MOBILE USA INC 6.00% 04/15/2024US6.00004/15/20241,196,000103.501,237,8600.63
T-MOBILE USA INC 6.50% 01/15/2026US6.50001/15/2026480,000103.13495,0000.25
TOLL BR FIN CORP 4.38% 04/15/2023US4.38004/15/2023150,00098.00147,0000.08
TOLL BR FIN CORP 5.88% 02/15/2022US5.88002/15/2022413,000103.75428,4880.22
TRANSDIGM INC 5.50% 10/15/2020US5.50010/15/2020391,000100.00391,0000.20
TRANSOCEAN 5.88% 01/15/2024KY5.88001/15/2024104,00099.63103,6100.05
TRANSOCEAN PHNX2 7.75% 10/15/2024KY7.75010/15/2024693,600107.13743,0190.38
TRAVELPORT CORP 6.00% 03/15/2026GB6.00003/15/2026200,000100.75201,5000.10
TRIUMPH GROUP 4.88% 04/01/2021US4.88004/01/2021439,00096.25422,5380.22
TRIUMPH GROUP 5.25% 06/01/2022US5.25006/01/2022570,00096.25548,6250.28
TRIUMPH GROUP 7.75% 08/15/2025US7.75008/15/2025324,00099.00320,7600.16
TRONOX INC 6.50% 04/15/2026US6.50004/15/2026906,00099.38900,3380.46
TULLOW OIL PLC 7.00% 03/01/2025GB7.00003/01/2025554,00094.63524,2230.27
ULTRA RESOURCES 6.88% 04/15/2022US6.88004/15/2022353,00075.75267,3980.14
ULTRA RESOURCES 7.13% 04/15/2025US7.13004/15/2025475,00070.25333,6880.17
UNIT CORP 6.63% 05/15/2021US6.63005/15/20211,484,00099.751,480,2900.76
UNITED RENTAL NA 4.63% 10/15/2025US4.63010/15/2025353,00095.25336,2330.17
UNITED RENTAL NA 5.88% 09/15/2026US5.88009/15/2026317,000101.00320,1700.16
UNIVERSAL HOSP 7.63% 08/15/2020US7.63008/15/2020997,00099.75994,5080.51
UNIVISION COMM 5.13% 02/15/2025US5.13002/15/2025263,00092.38242,9460.12
UNIVISION COMM 5.13% 05/15/2023US5.13005/15/2023222,00096.00213,1200.11
UNTD AIR 14-2 B 4.63% 09/03/2022US4.63009/03/2022165,198100.17165,4790.08
UPCB FINANCE IV 5.38% 01/15/2025KY5.38001/15/2025374,00095.01355,3370.18
URS CORP/URS FOX 5.00% 04/01/2022US5.00004/01/2022520,000101.48527,6960.27
VALEANT PHARMA 6.13% 04/15/2025CA6.13004/15/2025492,00092.13453,2550.23
VIASAT INC 5.63% 09/15/2025US5.63009/15/2025636,00093.75596,2500.31
WABASH NATIONAL 5.50% 10/01/2025US5.50010/01/2025655,00096.00628,8000.32
WESTERN DIGITAL 4.75% 02/15/2026US4.75002/15/2026605,00097.25588,3630.30
WILLIAM LYON INC 5.88% 01/31/2025US5.88001/31/2025490,00094.63463,6630.24
WILLIAMS COS INC 3.70% 01/15/2023US3.70001/15/2023393,00096.75380,2280.19
WILLIAMS COS INC 7.50% 01/15/2031US7.50001/15/2031223,000118.94265,2250.14
WYNDHAM HOTELS & 5.38% 04/15/2026US5.38004/15/2026632,00099.25627,2600.32
ZAYO GROUP LLC 5.75% 01/15/2027US5.75001/15/2027575,00098.25564,9380.29
Top 10 Holdings as of 6/30/2018
Security Description
% of
Portfolio
1. CSC HOLDINGS LLC 5.25% 06/01/241.4
2. SPRINT CORP. 7.13% 06/15/241.4
3. RITE AID CORP. 6.13% 04/01/231.0
4. TENET HEALTHCARE CORP. 6.00% 10/01/200.9
5. HCA INC. 5.38% 02/01/250.8
6. HCA HOLDINGS INC. 5.88% 02/15/260.8
7. DISH DBS CORP. 5.88% 07/15/220.8
8. UNIT CORP. 6.63% 05/15/210.8
9. ALTICE FINANCING 6.63% 02/15/230.8
10. GULFPORT ENERGY 6.38% 05/15/250.7

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.