We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Play These 3 Mid-Cap Growth Funds for Spectacular Returns
Read MoreHide Full Article
Investors interested in high returns can choose mid-cap funds that bear lesser risk than small-cap funds. Mid-cap funds are unfazed by the broader market gyrations. This makes these funds ideal bets given the erratic macroeconomic conditions in recent years.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices for investors. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms, whose value is projected to rise over the long term.
However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
John Hancock Funds II Mid Cap Stock Fund Class 1 aims for long-term growth and capital appreciation. The fund invests the majority of its assets in the equity securities of medium-capitalization companies with significant capital appreciation potential. JIMSX has returned 24.4% over the past three years.
As of the end of June 2020, JIMSX held 80 issues with 3.98% of its assets invested in Splunk Inc.
T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX - Free Report) aims for long-term capital appreciation. The fund invests the majority of its assets in an extensively diversified portfolio of common stocks of medium-capitalization growth companies. The fund managers anticipate these companies to have more-than-average potential for growth. PRDMX has returned 17.6% in the past three years.
PRDMX has an expense ratio of 0.80% compared with the category average of 1.16%.
Vanguard Mid-Cap Growth Fund Investor Shares (VMGRX - Free Report) aims for long-term capital appreciation. The fund invests the majority of its net assets in common stocks of mid-size companies with the best prospects for future growth. VMGRX has returned 16.6% in the past three years.
Stephen J. Bishop is one of the fund managers of VMGRX since 2016.
Image: Bigstock
Play These 3 Mid-Cap Growth Funds for Spectacular Returns
Investors interested in high returns can choose mid-cap funds that bear lesser risk than small-cap funds. Mid-cap funds are unfazed by the broader market gyrations. This makes these funds ideal bets given the erratic macroeconomic conditions in recent years.
Also, when capital appreciation over the long term takes precedence over dividend payouts, growth funds are natural choices for investors. These funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms, whose value is projected to rise over the long term.
However, a relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary while investing in these securities. This is because these may experience relatively more fluctuations than the other fund classes.
Below we share with you three top-ranked mid-cap growth mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
John Hancock Funds II Mid Cap Stock Fund Class 1 aims for long-term growth and capital appreciation. The fund invests the majority of its assets in the equity securities of medium-capitalization companies with significant capital appreciation potential. JIMSX has returned 24.4% over the past three years.
As of the end of June 2020, JIMSX held 80 issues with 3.98% of its assets invested in Splunk Inc.
T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX - Free Report) aims for long-term capital appreciation. The fund invests the majority of its assets in an extensively diversified portfolio of common stocks of medium-capitalization growth companies. The fund managers anticipate these companies to have more-than-average potential for growth. PRDMX has returned 17.6% in the past three years.
PRDMX has an expense ratio of 0.80% compared with the category average of 1.16%.
Vanguard Mid-Cap Growth Fund Investor Shares (VMGRX - Free Report) aims for long-term capital appreciation. The fund invests the majority of its net assets in common stocks of mid-size companies with the best prospects for future growth. VMGRX has returned 16.6% in the past three years.
Stephen J. Bishop is one of the fund managers of VMGRX since 2016.
To view the Zacks Rank and past performance of all mid-cap growth mutual funds, investors can click here to see the complete list of funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>