Investment objective & strategy
As of July 25, 2025 · prospectusObjective. The Touchstone Mid Cap Growth Fund (the Fund) seeks to increase the value of Fund shares as a primary goal and to earn income as a secondary goal .
Strategy. Under normal circumstances, the Fund will invest at least 80% of its assets in common stocks of mid-cap U.S. companies. The Funds 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior written notice to shareholders. A mid-cap company is defined as a company, at the time of purchase, that has a market capitalization between $1.5 billion and $12 billion or falls within the range of market capitalizations represented in the Russell Midcap Index between $1.7 billion and $89.3 billion as of June 30, 2025. The size of the companies in the Russell Midcap Index will change with market conditions. The Fund invests primarily in stocks of domestic growth companies that the … Under normal circumstances, the Fund will invest at least 80% of its assets in common stocks of mid-cap U.S. companies. The Funds 80% policy is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior written notice to shareholders. A mid-cap company is defined as a company, at the time of purchase, that has a market capitalization between $1.5 billion and $12 billion or falls within the range of market capitalizations represented in the Russell Midcap Index between $1.7 billion and $89.3 billion as of June 30, 2025. The size of the companies in the Russell Midcap Index will change with market conditions. The Fund invests primarily in stocks of domestic growth companies that the Funds sub-adviser, Westfield Capital Management Company, L.P. (Westfield), believes have a demonstrated record of achievement with excellent prospects for earnings growth over a one to three year period. The Fund may also invest up to 20% of its total assets in foreign securities. In choosing securities, Westfield looks for companies that it believes are reasonably priced with high forecasted earnings potential. The Fund will invest in companies that Westfield believes have shown above-average and consistent long-term growth in earnings and have excellent prospects for future growth. The Fund generally will sell a security if one or more of the following occurs: Westfields predetermined price target objective is exceeded; there is an alteration to the original investment case; valuation relative to the stocks peer group is no longer attractive; or better risk/reward opportunities are found in other stocks. The Fund may engage in frequent and active trading and focus on a particular market sector as part of its principal investment strategy.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VERTIV HOLDINGS CO | — | $127.16M | 7.05% |
| HOWMET AEROSPACE INC | — | $111.93M | 6.21% |
| Ascendis Pharma A/S | — | $76.48M | 4.24% |
| AXON ENTERPRISE INC | — | $56.09M | 3.11% |
| ROYAL CARIBBEAN | — | $55.60M | 3.08% |
| HILTON WORLDWIDE HOLDINGS INC | — | $54.69M | 3.03% |
| CENCORA INC | — | $53.75M | 2.98% |
| TAPESTRY INC | — | $51.82M | 2.87% |
| QUANTA SVCS INC | — | $48.94M | 2.71% |
| LIVE NATION ENTERTAINMENT INC | — | $48.33M | 2.68% |
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. |
|---|---|---|
| CTIVP - Westfield Mid Cap Growth Fund | 89% | 0.82% |
| Neuberger Berman Mid Cap Growth Fund · NMANX, NBMTX, NBMBX, NBMLX, NMGAX, NMGCX, NMGRX, NRMGX | 43% | 0.58% |
| Mid Cap Growth Portfolio | 42% | 0.90% |
Advisers
| Firm | Role |
|---|---|
| Westfield Capital Management Company, L.P. | Sub-adviser |
| Touchstone Advisors, Inc. | Adviser |
Footnotes
- Expense ratio as of July 25, 2025, 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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