Investment objective & strategy
As of Jan. 27, 2026 · prospectusObjective. The Touchstone Mid Cap Fund (the Fund) seeks long-term capital growth.
Strategy. The Fund invests, under normal market conditions, at least 80% of its assets in common stocks of medium capitalization U.S. listed companies. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior notice to shareholders. For purposes of the Fund, a medium capitalization company has a market capitalization found within the range of market capitalizations represented in the Russell Midcap Index (between $1.31 billion to $101.87 billion as of December 31, 2025) at the time of purchase. The size of the companies in the Russell Midcap Index will change with market conditions. The Funds sub-adviser, London Company of Virginia, LLC d/b/a/ The London Company (The London Company), seeks to purchase financially stable mid-cap … The Fund invests, under normal market conditions, at least 80% of its assets in common stocks of medium capitalization U.S. listed companies. This is a non-fundamental investment policy that can be changed by the Fund upon 60 days prior notice to shareholders. For purposes of the Fund, a medium capitalization company has a market capitalization found within the range of market capitalizations represented in the Russell Midcap Index (between $1.31 billion to $101.87 billion as of December 31, 2025) at the time of purchase. The size of the companies in the Russell Midcap Index will change with market conditions. The Funds sub-adviser, London Company of Virginia, LLC d/b/a/ The London Company (The London Company), seeks to purchase financially stable mid-cap companies that The London Company believes are consistently generating high returns on unleveraged operating capital, run by shareholder-oriented management, and trading at a discount to their respective market prices. Guiding principles of The London Companys mid-cap philosophy include (1) a focus on cash return on tangible capital, not earnings per share, (2) balance sheet optimization, (3) optimal diversification is essential to good investment results, and (4) low turnover and tax sensitivity enhances real returns. The Fund will typically hold securities of approximately 30 to 40 companies. The Fund may invest a high percentage of its assets in specific sectors of the market in order to achieve a potentially greater investment return. The London Company invests for the long term and attempts to minimize turnover in an effort to reduce transaction costs and taxes.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AerCap Holdings N.V. (Ireland) | AER US | $250.03M | 5.72% |
| DOLLAR TREE INC | — | $230.37M | 5.27% |
| ENTEGRIS INC | — | $219.50M | 5.02% |
| KEYSIGHT TECHNOLOGIES INC | — | $215.90M | 4.93% |
| ALLISON TRANSMISSION HLDGS INC | — | $204.65M | 4.68% |
| ARMSTRONG WORLD INDUSTRIES INC | — | $188.67M | 4.31% |
| TEMPUR SEALY INTERNATIONAL INC | — | $180.86M | 4.13% |
| M&T BANK CORP | — | $167.46M | 3.83% |
| CHURCHILL DOWNS INC | — | $164.84M | 3.77% |
| VULCAN MATERIALS CO | — | $145.18M | 3.32% |
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. |
|---|---|---|
| Mid Cap Core Portfolio I | 89% | — |
| BBH Select Mid Cap ETF | 17% | 0.81% |
| BBH Select Series Mid Cap Fund · BBMIX, BBMRX | 15% | 0.81% |
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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