Touchstone Small Cap Growth Fund Sub-Advised by: Fiera Capital Inc.*

Portfolio Characteristics as of 12/31/2017
Market Capitalization $3.5 Billion
Price Earnings Ratio125.4
Number of Holdings ^96

^ Total number of holdings includes cash equivalents

Sector Allocation as of 12/31/2017(% of Portfolio)
Information Technology26.4
Healthcare24.9
Industrials15.0
Consumer Discretionary11.8
Financials9.5
Materials5.9
Real Estate3.7
Energy2.7
Full Holdings as of 12/31/2017
Security DescriptionCountryShares Par
Value
Current
Price ($)
Market
Value ($)
% of
Portfolio
ACHAOGEN INCUS62,01210.74666,0090.31
ADVANCED ENERGY INDUSTRIESUS29,70567.482,004,4930.93
ALARM.COM HOLDINGS INCUS52,01137.751,963,4150.91
AMN HEALTHCARE SERVICES INCUS50,15249.252,469,9861.15
ARGAN INCUS31,21645.001,404,7200.65
ARTISAN PARTNERS ASSET MA -AUS64,04939.502,529,9361.17
BEACON ROOFING SUPPLY INCUS40,27063.762,567,6151.19
BIOTELEMETRY INCUS50,84729.901,520,3250.71
BOYD GAMING CORPUS57,27535.052,007,4890.93
BRINK'S CO/THEUS31,58478.702,485,6611.15
CABLE ONE INCUS4,651703.353,271,2811.52
CAMBREX CORPUS39,16748.001,880,0160.87
CANTEL MEDICAL CORPUS21,476102.872,209,2361.02
CARETRUSTUS162,64716.762,725,9641.26
CATALENT INCUS52,03141.082,137,4330.99
CHARLES RIVER LABORATORIESUS31,306109.453,426,4421.59
CHEMED CORPUS14,461243.023,514,3121.63
CIRRUS LOGIC INCUS45,65251.862,367,5131.10
CORESITE REALTY CORPUS26,120113.902,975,0681.38
CRYOPORT INCUS54,1918.59465,5010.22
CURTISS-WRIGHT CORPUS17,666121.852,152,6021.00
DREYFUS-GOV C-INUS1,959,7011.001,959,7010.91
EMCOR GROUP INCUS61,79581.755,051,7412.34
ENTEGRIS INCUS84,99930.452,588,2201.20
ENVESTNET INCUS42,57549.852,122,3640.98
EPAM SYSTEMS INCUS20,349107.432,186,0931.01
EPLUS INCUS24,07875.201,810,6660.84
EURONET WORLDWIDE INCUS65,38584.275,509,9942.56
EVERCORE INC - AUS49,72090.004,474,8002.08
EXACT SCIENCES CORPUS25,51952.541,340,7680.62
EXLSERVICE HOLDINGS INCUS45,19160.352,727,2771.27
FAIR ISAAC CORPUS14,162153.202,169,6181.01
FIBROGEN INCUS19,21047.40910,5540.42
GLOBUS MEDICAL INC - AUS51,73741.102,126,3910.99
GRAND CANYON EDUCATION INCUS40,37689.533,614,8631.68
GRUBHUB INCUS55,02471.803,950,7231.83
HAWAIIAN HOLDINGS INCUS79,71139.853,176,4831.47
HEALTHSOUTH CORPUS45,72249.412,259,1241.05
HESKA CORPUS13,95080.211,118,9300.52
HFF INC-CLASS AUS45,86948.642,231,0681.04
ICON PLCIE42,863112.154,807,0852.23
ICU MEDICAL INCUS14,420216.003,114,7201.44
INSTRUCTURE INCUS32,32333.101,069,8910.50
INTERSECT ENT INCUS32,85832.401,064,5990.49
ITT INCUS44,22753.372,360,3951.10
KMG CHEMICALS INCUS22,09366.081,459,9050.68
LCI INDUSTRIESUS38,628130.005,021,6402.33
LEMAITRE VASCULAR INCUS46,04431.841,466,0410.68
LITHIA MOTORS INC-CL AUS30,363113.593,448,9331.60
LOUISIANA-PACIFIC CORPUS111,24926.262,921,3991.36
MARRIOTT VACATIONS WORLDUS16,376135.212,214,1991.03
MASTEC INCUS55,58448.952,720,8371.26
MATADOR RESOURCES COUS80,35631.132,501,4821.16
MATERION CORPUS33,71148.601,638,3550.76
MERIT MEDICAL SYSTEMS INCUS67,12043.202,899,5841.35
MIMEDX GROUP INCUS73,53612.61927,2890.43
MKS INSTRUMENTS INCUS20,23994.501,912,5860.89
NATIONAL WESTERN LIFE GROU-AUS3,161331.021,046,3540.49
NATUS MEDICAL INCUS65,67938.202,508,9381.16
NEKTAR THERAPEUTICSUS44,82759.722,677,0681.24
NUTANIX INC - AUS67,49235.282,381,1181.10
NUTRISYSTEM INCUS18,79352.60988,5120.46
NUVASIVE INCUS20,17058.491,179,7430.55
ORASURE TECHNOLOGIES INCUS68,41918.861,290,3820.60
PAYCOM SOFTWARE INCUS24,81380.331,993,2280.92
POLYONE CORPORATIONUS43,40643.501,888,1610.88
PORTOLA PHARMACEUTICALS INCUS18,25048.68888,4100.41
POWER INTEGRATIONS INCUS21,09373.551,551,3900.72
PRIMERICA INCUS34,116101.553,464,4801.61
PROPETRO HOLDING CORPUS83,72520.161,687,8960.78
QUALYS INCUS43,89259.352,604,9901.21
RAVEN INDUSTRIES INCUS28,67634.35985,0210.46
REALPAGE INCUS55,36744.302,452,7581.14
REPLIGEN CORPUS22,59936.28819,8920.38
ROGERS CORPUS13,378161.922,166,1661.00
SAGE THERAPEUTICS INCUS11,434164.711,883,2940.87
SEMTECH CORPUS53,98734.201,846,3550.86
SUPERNUS PHARMACEUTICALS INCUS40,97639.851,632,8940.76
TEXAS CAPITAL BANCSHARES INCUS35,83188.903,185,3761.48
TOPBUILD CORPUS32,40575.742,454,3551.14
TRADE DESK INC/THE -CLASS AUS28,73745.731,314,1430.61
TREX COMPANY INCUS23,808108.392,580,5491.20
TRINET GROUP INCUS76,54244.343,393,8721.57
TRINSEO SAUS41,09972.602,983,7871.38
TRONOX LTD-CL AUS80,73920.511,655,9570.77
TRUPANION INCUS61,79929.271,808,8570.84
TTM TECHNOLOGIESUS134,93615.672,114,4470.98
UBIQUITI NETWORKS INCUS26,10771.021,854,1190.86
US SILICA HOLDINGS INCUS51,59432.561,679,9010.78
VARONIS SYSTEMS INCUS26,76948.551,299,6350.60
VISTEON CORPUS17,070125.142,136,1400.99
WAGEWORKS INCUS39,88662.002,472,9321.15
WESTERN ALLIANCE BANCORPUS67,48056.623,820,7181.77
WILLDAN GROUP INCUS29,94623.94716,9070.33
XPERI CORPUS43,21024.401,054,3240.49
YELP INCUS34,98541.961,467,9710.68
Top 10 Equity Holdings as of 12/31/2017
Security Description
% of
Portfolio
1. EURONET WORLDWIDE, INC.2.6
2. EMCOR GROUP, INC.2.4
3. LCI INDUSTRIES2.4
4. ICON PLC2.3
5. EVERCORE INC.2.1
6. GRUBHUB INC.1.9
7. WESTERN ALLIANCE BANCORPORATION1.8
8. GRAND CANYON EDUCATION, INC.1.7
9. CHEMED CORP.1.7
10. PRIMERICA, INC.1.6

Data may not total due to rounding.

Active Share measures the percentage of the Fund's holdings that differ from those of the benchmark. It is calculated by taking the sum of the absolute difference between all of the holdings and weights in the portfolio and those of the benchmark holdings and weights and dividing the results by two.

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.

*On June 1, 2016, Fiera Capital Inc. assumed all of the advisory business of Apex Capital Management Inc. The same portfolio management team continues to offer the same investment strategies and approach as part of Fiera Capital Inc.​