Investment objective & strategy
As of Jan. 27, 2026 · prospectusObjective. The Touchstone US Quality Bond Fund (the Fund) seeks current income. Capital appreciation is a secondary goal .
Strategy. The Fund invests, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in U.S. fixed-income securities. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior notice to shareholders. U.S. fixed-income securities are securities of issuers domiciled in the U.S. and primarily consist of U.S. government obligations, corporate debt obligations (including non-investment-grade corporate debt obligations), mortgage-backed securities, asset-backed securities and taxable and tax-exempt municipal securities. U.S. government obligations include direct government obligations and those of government agencies and instrumentalities. Corporate debt obligations include corporate bonds, debentures, notes and other similar instruments of U.S. corporations. Investment-grade fixed-income securities include securities rated BBB- or higher by S&P Global Ratings … The Fund invests, under normal circumstances, at least 80% of its net assets (including borrowings for investment purposes) in U.S. fixed-income securities. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior notice to shareholders. U.S. fixed-income securities are securities of issuers domiciled in the U.S. and primarily consist of U.S. government obligations, corporate debt obligations (including non-investment-grade corporate debt obligations), mortgage-backed securities, asset-backed securities and taxable and tax-exempt municipal securities. U.S. government obligations include direct government obligations and those of government agencies and instrumentalities. Corporate debt obligations include corporate bonds, debentures, notes and other similar instruments of U.S. corporations. Investment-grade fixed-income securities include securities rated BBB- or higher by S&P Global Ratings (S&P) or Baa3 or higher by Moodys Investors Service, Inc. (Moodys) or, if unrated by S&P or Moodys, determined by the sub-adviser, EARNEST Partners LLC (EARNEST), to be of comparable quality. The Funds investment policies are based on credit ratings at the time of purchase. The Fund will generally invest at least 90% of its total assets in investment-grade debt securities, but may invest up to 10% of its total assets in non-investment-grade debt securities, which are sometimes referred to as junk bonds. The securities in which the Fund invests may pay interest at fixed rates, variable rates, or subject to reset terms. In addition, these securities may make principal payments that are fixed, variable, or both. The Fund may also invest in mortgage dollar rolls and zero coupon securities. The Fund can invest in securities of any maturity. EARNEST believes that entities that are cognizant of environmental, social, and governance (ESG) issues tend to be more successful over time. As a result, EARNEST prefers to invest in government programs and companies that have sustainable operating models and seek to achieve positive aggregate societal impact. The Fund focuses on governmental programs and companies that seek to achieve positive aggregate societal impacts in up to four specific areas: empowering the individual, community development, environmental responsibility, and sustainable infrastructure. Investments may seek to achieve multiple areas of impact. This inclusive approach views positive impact characteristics as additive to an investments risk/return profile. When assessing an investments impact profile, EARNEST considers a wide range of factors, including but not limited to support for economic development, home ownership, and job creation.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $26.23M | 4.56% |
| U.S. Treasury STRIPS Principal | SP | $9.27M | 1.61% |
| US TREASURY N/B | — | $8.17M | 1.42% |
| United States Small Business Administration | SBAP | $7.87M | 1.37% |
| SBAP 2022-25I 1 | SBAP | $7.79M | 1.35% |
| STRIP PRINC 05/45 0.00000 | SP | $7.65M | 1.33% |
| U.S. Treasury Bonds Principal STRIPS | SP | $7.56M | 1.32% |
| GNR 2025-145 AK | GNR | $7.27M | 1.26% |
| GNR 2025-162 BA | GNR | $7.07M | 1.23% |
| GNR 2025-153 AK | GNR | $6.27M | 1.09% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| JNL/Fidelity Institutional Asset Management Total Bond Fund | 5% | 0.49% |
| iShares 7-10 Year Treasury Bond ETF · IEF | 5% | 0.15% |
| Templeton Global Bond VIP Fund | 5% | 0.50% |
Footnotes
- Expense ratio as of January 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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