Investment objective & strategy
As of Jan. 27, 2026 · prospectusObjective. The Touchstone Active Bond Fund (the Fund) seeks to provide as high a level of current income as is consistent with the preservation of capital. Capital appreciation is a secondary goal .
Strategy. Under normal circumstances, the Fund invests at least 80% of its assets in bonds. This is a non-fundamental investment policy that the Fund can change upon 60 days prior notice to shareholders. Bonds include mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and corporate debt securities. The Fund may engage in frequent and active trading as part of its principal investment strategies. In deciding what securities to buy and sell for the Fund, the Funds sub-adviser, Fort Washington Investment Advisors, Inc. (Fort Washington), analyzes the overall investment opportunities and risks in different sectors of the debt securities markets by focusing on maximizing total return while reducing volatility of the Funds portfolio. Fort Washington follows … Under normal circumstances, the Fund invests at least 80% of its assets in bonds. This is a non-fundamental investment policy that the Fund can change upon 60 days prior notice to shareholders. Bonds include mortgage-related securities, asset-backed securities, government securities (both U.S. government securities and foreign sovereign debt), and corporate debt securities. The Fund may engage in frequent and active trading as part of its principal investment strategies. In deciding what securities to buy and sell for the Fund, the Funds sub-adviser, Fort Washington Investment Advisors, Inc. (Fort Washington), analyzes the overall investment opportunities and risks in different sectors of the debt securities markets by focusing on maximizing total return while reducing volatility of the Funds portfolio. Fort Washington follows a disciplined sector allocation process in order to build a diversified portfolio of investments. In building the Funds portfolio, Fort Washington primarily invests in investment-grade debt securities, but may invest up to 30% of the Funds total assets in non-investment-grade debt securities rated as low as a B by a Nationally Recognized Statistical Rating Organization (NRSRO). Non-investment-grade debt securities are often referred to as junk bonds and are considered speculative. The Funds investment policies are based on credit ratings at the time of purchase. The Fund may also invest up to 20% of its total assets in foreign-issued debt securities denominated in either the U.S. dollar or a foreign currency. Foreign-issued debt securities may include debt securities of emerging market countries. Additionally, in order to implement its investment strategy, the Fund may invest in collateralized loan obligations, mortgage dollar-roll transactions and reverse repurchase agreements, and in derivatives, including forwards, futures contracts, interest rate and credit default swap agreements, and options. These investments may be used to gain or hedge market exposure, to adjust the Funds duration, to manage interest rate risk, and for any other purposes consistent with the Funds investment strategies and limitations.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $14.35M | 5.19% |
| US TREASURY N/B | — | $14.17M | 5.13% |
| US TREASURY N/B | — | $14.01M | 5.07% |
| UNITED STATES TREASURY INFLATION INDEXED BONDS I/L 2.375% 02-15-56 | — | $10.87M | 3.94% |
| US TREASURY N/B | — | $7.00M | 2.53% |
| US TREASURY N/B | — | $6.20M | 2.24% |
| T-MOBILE USA INC | — | $2.52M | 0.91% |
| GNR 2018-112 YC | GNR | $2.02M | 0.73% |
| CROWN CASTLE INC | — | $1.99M | 0.72% |
| Invesco Government & Agency Portfolio, Institutional Class | — | $1.96M | 0.71% |
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. |
|---|---|---|
| Touchstone Variable Series Trust-Touchstone Bond Fund | 64% | 0.62% |
| Touchstone ETF Trust-Touchstone Strategic Income ETF · SIO | 28% | 0.50% |
| Touchstone Variable Series Trust-Touchstone Balanced Fund | 27% | 0.79% |
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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