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3 Top-Ranked Mid-Cap Blend Mutual Funds for Stellar Returns
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Investors interested in comparatively less risky returns through exposure to both growth and value securities may opt for mid-cap blend mutual funds. While mid-cap funds are expected to offer the best of both large- and small-cap ones, blend funds, also known as "hybrid funds," aim for value appreciation by capital gains. Companies with market capitalization between $2 billion and $10 billion are generally considered mid-cap firms.
Moreover, mid-cap funds are believed to provide higher returns than their large-cap counterparts while witnessing a lower level of volatility than the small-cap ones. Meanwhile, blend funds provide significant exposure to both growth and value stocks. These funds owe their origin to the graphical representation of a fund's equity style box.
Below, we will share with you three mid-cap blend mutual funds, namely Hennessy Cornerstone Mid Cap 30 Fund (HFMDX - Free Report) , DFA US Vector Equity (DFVEX - Free Report) and MFS Blended Research Mid Cap Equity Fund (BMSFX - Free Report) . Each has earned a Zacks Mutual Fund #1 Rank(Strong Buy), as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all mid-cap blend funds, investors can click here to see the complete list of funds.
Hennessy Cornerstone Mid Cap 30 Fund invests most of its net assets in growth-oriented mid-capitalized companies using a quantitative formula known as the Cornerstone Mid Cap 30 Formula, which is re-screened and rebalanced annually. HFMDX advisors purchase 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each.
Hennessy Cornerstone Mid Cap 30 Fund has three-year annualized returns of 22.6%. As of the end of July 2023, HFMDX had 30 issues and invested 11.9% of its net assets in Super Micro Computer.
DFA US Vector Equity fund invests most of its net assets in a broad and diverse group of companies operating in the United States with high exposure in smaller-capitalization, lower relative price, and higher profitability companies. DFVEX advisors choose to invest in a weighted set of U.S. operating companies that are listed on the U.S. securities exchange.
DFA US Vector Equity fund has three-year annualized returns of 15%. DFVEX has an expense ratio of 0.28% compared with the category average of 1.01%.
MFS Blended Research Mid Cap Equity Fund invests most of its net assets in equity securities of domestic and foreign mid-cap companies. BMSFX advisors invest in common stocks, equity interests in real estate investment trusts and other securities that represent an ownership interest in a company or other issuers.
MFS Blended Research Mid Cap Equity Fund has three-year annualized returns of 10.6%. Matthew W. Krummell has been one of the fund managers of BMSFX since August 2016.
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3 Top-Ranked Mid-Cap Blend Mutual Funds for Stellar Returns
Investors interested in comparatively less risky returns through exposure to both growth and value securities may opt for mid-cap blend mutual funds. While mid-cap funds are expected to offer the best of both large- and small-cap ones, blend funds, also known as "hybrid funds," aim for value appreciation by capital gains. Companies with market capitalization between $2 billion and $10 billion are generally considered mid-cap firms.
Moreover, mid-cap funds are believed to provide higher returns than their large-cap counterparts while witnessing a lower level of volatility than the small-cap ones. Meanwhile, blend funds provide significant exposure to both growth and value stocks. These funds owe their origin to the graphical representation of a fund's equity style box.
Below, we will share with you three mid-cap blend mutual funds, namely Hennessy Cornerstone Mid Cap 30 Fund (HFMDX - Free Report) , DFA US Vector Equity (DFVEX - Free Report) and MFS Blended Research Mid Cap Equity Fund (BMSFX - Free Report) . Each has earned a Zacks Mutual Fund #1 Rank(Strong Buy), as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all mid-cap blend funds, investors can click here to see the complete list of funds.
Hennessy Cornerstone Mid Cap 30 Fund invests most of its net assets in growth-oriented mid-capitalized companies using a quantitative formula known as the Cornerstone Mid Cap 30 Formula, which is re-screened and rebalanced annually. HFMDX advisors purchase 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each.
Hennessy Cornerstone Mid Cap 30 Fund has three-year annualized returns of 22.6%. As of the end of July 2023, HFMDX had 30 issues and invested 11.9% of its net assets in Super Micro Computer.
DFA US Vector Equity fund invests most of its net assets in a broad and diverse group of companies operating in the United States with high exposure in smaller-capitalization, lower relative price, and higher profitability companies. DFVEX advisors choose to invest in a weighted set of U.S. operating companies that are listed on the U.S. securities exchange.
DFA US Vector Equity fund has three-year annualized returns of 15%. DFVEX has an expense ratio of 0.28% compared with the category average of 1.01%.
MFS Blended Research Mid Cap Equity Fund invests most of its net assets in equity securities of domestic and foreign mid-cap companies. BMSFX advisors invest in common stocks, equity interests in real estate investment trusts and other securities that represent an ownership interest in a company or other issuers.
MFS Blended Research Mid Cap Equity Fund has three-year annualized returns of 10.6%. Matthew W. Krummell has been one of the fund managers of BMSFX since August 2016.
To view the Zacks Rank and past performance of mid-cap cap blend mutual funds, investors can click here to see the complete list of funds.
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