Touchstone Mid Cap Growth Inst
TEGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Nicholas F. Galluccio
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Cincinnati OH 45202 New York NY United States of America 10017
- IPO Date
- Apr 1, 2011
- CIK
- 0000711080
- Website
- tiaa.org
- Similar Companies
- Business
- Touchstone Mid Cap Growth Fund (TEGIX) is an open-end mutual fund that seeks long-term capital appreciation as its primary objective and current income as a secondary goal by investing at least 80% of its assets in common stocks of mid-cap U.S. growth companies, defined as those with market capitalizations between $1.5 billion and $12 billion or within the range of the Russell Midcap Index; it may allocate up to 20% to foreign securities and employs active trading strategies focused on firms with strong earnings growth prospects over 1-3 years, high forecasted earnings potential, and attractive valuations relative to peers. The fund offers multiple share classes including Institutional Class (TEGIX), Class A (TEGAX), Class C (TOECX), Class Y (TEGYX), and Class R6 (TFGRX), with expense ratios ranging from 0.77% to 1.99% after waivers (net of contractual limits through July 2026), minimum initial investments from $50,000 for R6 shares to $500,000 for Institutional Class, and a portfolio turnover rate of 79% as of the fiscal year ended March 31, 2025; top holdings typically include names like Palantir Technologies Inc., Axon Enterprise Inc., and Ascendis Pharma A/S, comprising technology, industrials, and healthcare sectors with total net assets around $1.35-$1.5 billion. Sub-advised by Westfield Capital Management Company, L.P. since its designation as sole sub-advisor (a strategic shift that reduced fund expenses), the fund is managed by a team led by William A. Muggia (since 1999), Richard D. Lee (since 2004), with new additions Matthew R. Renna and Edward D. Richardson joining in July 2025, under the oversight of adviser Touchstone Advisors, Inc., a subsidiary of Western & Southern Financial Group headquartered in Cincinnati, Ohio. Launched on April 1, 2011 for the Institutional Class (with the broader strategy originating from the Class A inception in 1994 and a name change from Touchstone Emerging Growth Fund around 2006), the fund operates primarily in the U.S. market targeting institutional and retail investors through financial intermediaries, with availability limited to the United States. Recent developments include updated contractual expense limitations and management fee adjustments effective January 1, 2025, the addition of new portfolio managers in July 2025, and a designation change to the Russell 3000 Index as the broad-based benchmark alongside the Russell Midcap Growth Index, reflecting ongoing portfolio optimization amid a Q3 2025 commentary noting outperformance despite market speculation.