- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Cincinnati, OH 45202 New York NY United States of America 10017
- IPO Date
- Apr 24, 2006
- Business
- Touchstone Mid Cap Fund Class Z (TMCTX) is an open-end mutual fund that seeks long-term capital growth by investing, under normal market conditions, at least 80% of its assets in common stocks of medium-capitalization U.S.-listed companies, defined as those with market capitalizations similar to the companies in the Russell Midcap Index; the fund employs a blend investment style, with allocations across sectors including industrials (26.73%), technology (14.55%), consumer cyclical (13.28%), financial services (12.20%), and healthcare (10.95%), primarily in U.S. stocks (97.60%) supplemented by cash (2.40%); top holdings as of March 31, 2025, include Armstrong World Industries Inc. (4.61%), AerCap Holdings NV (4.47%), Allison Transmission Holdings Inc. (4.01%), Entegris Inc. (3.93%), and Otis Worldwide Corp. (3.80%). The fund offers multiple share classes, including Class Z (TMCTX) with a net expense ratio of 1.21%, a minimum initial investment of $2,500, and daily pricing, distributed through intermediaries such as registered investment advisors, private banks, consultants, and broker-dealers. Launched on April 24, 2006, and domiciled in the United States, the fund is managed by a team from The London Company of Virginia, including Stephen M. Goddard, J. Brian Campbell, Mark E. DeVaul (all since December 8, 2011), and Sam Hutchings (since December 31, 2015); it is part of the Touchstone Investments lineup offered by Western & Southern Financial Group, headquartered in Cincinnati, Ohio. In a recent strategic shift, Touchstone Investments named The London Company as the new sub-advisor for the Touchstone Mid Cap Fund, expanding their relationship to deliver an experienced investment team and aligned strategy; the fund benefited from Touchstone's 2021 acquisition of select AIG mutual fund assets, which increased assets under management and involved reorganizations into existing or new Touchstone funds. As of the latest data, the fund's total net assets stand at approximately $5.38 billion, with Class Z shares at $38.30 million, targeting investors seeking mid-cap blend exposure through third-party financial professionals across the United States.