Touchstone Ultra Short Duration Fixed Income Fund

Under typical market conditions, this fund commits a minimum of 80% of its total assets to a variety of debt instruments. Its portfolio is broadly diversified, comprising an extensive range of securities with varying maturities. These holdings include obligations such as U.S. Treasury securities, debt issued by U.S. government agencies, and securities from U.S. government-sponsored enterprises. The fund also invests in corporate bonds, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS). Further diversification extends to municipal bonds, collateralized loan obligations (CLOs), and short-term cash equivalent instruments like repurchase agreements, commercial paper, and variable rate demand notes.