Fund Evaluator:
Touchstone Mid Cap Y (TMCPX)
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Best Performing in Mid-Cap Blend Over the Last Year
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Fund Details
Touchstone Mid Cap Y Overview
Touchstone Mid Cap Y (TMCPX) is an actively managed U.S. Equity Mid-Cap Blend fund. Touchstone launched the fund in 2003.
The investment seeks long-term capital growth. The fund invests, under normal market conditions, at least 80% of its assets in common stocks of medium capitalization U.S. listed companies. 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 at the time of purchase. The size of the companies in the Russell Midcap ® Index will change with market conditions.
About Touchstone Mid Cap Y (TMCPX)
There are 3 members of the management team with an average tenure of 13.21 years: J. Brian Campbell (2011), Sam Hutchings (2015), Stephen Goddard (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap TR USD index with a weighting of 100%. Touchstone Mid Cap Y has 33 securities in its portfolio. The top 10 holdings constitute 44.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Touchstone Mid Cap Y is part of the Equity global asset class and is within the U.S. Equity fund group. Touchstone Mid Cap Y has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.5%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Touchstone Mid Cap Y has 2.5% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $1 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TMCPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Touchstone Mid Cap Y expense ratio is high compared to funds in the Mid-Cap Blend category. Touchstone Mid Cap Y has an expense ratio of 0.92%, which is 6% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Touchstone Mid Cap Y has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of June 2026, Touchstone Mid Cap Y returned 5.3%, which earned it a grade of B, as the Mid-Cap Blend category had an average return of 4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Touchstone Mid Cap Y has a trailing yield of 0.24%, which is below the 0.47% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Touchstone Mid Cap Y Grades
Year to date, the fund has returned 3.8%, 11.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.1% over the past year (grade of F), 8.8% over the past three years (grade of F) and 6.0% per year over the past five years (grade of F) and 10.9% per year over the past 10 years (grade of C).
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TMCPX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TMCPX Return (NAV) | 5.3% | 9.5% | 8.1% | 8.8% | 6.0% | 10.9% |
| TMCPX Grade | B | F | F | F | F | C |
| +/- Category | 1.2% | -5.0% | -13.9% | -5.9% | -2.2% | -0.1% |
| Mid-Cap Blend Avg | 4.1% | 14.4% | 22.0% | 14.7% | 8.2% | 11.0% |
| TMCPX Tax Cost Ratio | na | na | 0.5% | 0.5% | 0.6% | 0.6% |
TMCPX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TMCPX Return (NAV) | 3.8% | 4.9% | 8.5% | 27.5% | -15.6% | 15.2% | 12.6% | 36.3% | -3.2% | 20.2% | 15.6% |
| TMCPX Grade | F | D | F | A | D | F | C | A | A | A | C |
| +/- Category | -11.5% | -3.1% | -5.1% | 11.1% | -0.5% | -9.0% | -0.7% | 7.8% | 7.1% | 4.1% | 1.1% |
| Mid-Cap Blend Avg | 15.3% | 8.0% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 15.7% |
| Total Risk Index: | 1.29 - Above Average |
| Category Risk Index: | 1.00 - Average |
| Category Risk Grade: | C (51% Rank) |
| Beta: | 0.89 |
| R-Squared: | 55% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4505 Mil |
| Fund Total Assets: | $3,089 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 12% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 14.6 years | |||
| Average Tenure: 13.2 years | |||
| Managers (Year): Campbell J. Brian (2011), Goddard Stephen (2011), Hutchings Sam (2015) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 44.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.5% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.5% |
Purchase Information
| Fund Family: | Touchstone |
| Phone Number: | 800-543-0407 |
| Website: | www.touchstoneinvestments.com |
| Status: | Open |
| Inception Date: | January 2, 2003 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Touchstone Mid Cap Y |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
