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3 Best-Ranked Mid-Cap Growth Mutual Funds to Buy Now
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Mid-cap growth mutual funds provide excellent choices for investors who emphasize investing in securities that will offer growth at lesser risk. While large companies are normally known for stability and the smaller ones for growth, mid-caps offer the best of both worlds, allowing growth and stability simultaneously.
Companies with market capitalization between $2 billion and $10 billion with solid growth prospects are generally considered while constructing portfolios of mid-cap growth mutual funds. Also, focusing on growth securities allows these funds to provide more returns, as growth stocks refer to high quality stocks with potential for revenue and earnings growth at a rate faster than the industry average.
T. Rowe Price Diversified Mid Cap Growth (PRDMX - Free Report) maintains a diversified portfolio by investing a major portion of its assets in mid-cap companies that are believed to have above-average earnings growth potential. PRDMX focuses on acquiring common stocks of companies having market capitalization similar to those included in the S&P MidCap 400 Index or the Russell Midcap Growth Index. T. Rowe Price Diversified Mid Cap Growth has a three-year annualized return of 10.3%.
PRDMX has an expense ratio of 0.87% as compared to the category average of 1.29%.
JHFunds2 Mid Cap Stock 1 seeks capital appreciation over the long term. JIMSX invests a large part of its assets in securities of mid-cap companies with a strong capital growth prospect. The fund invests in companies with market cap size within the universe of either the Russell Mid Cap Index or the S&P Mid Cap 400 Index. JIMSX may invest a maximum of 25% of its assets non-U.S. securities, which also include securities from emerging markets. JHFunds2 Mid Cap Stock 1 has a three-year annualized return of 7.9%.
As of May 2016, JIMSX held 99 issues with 3.01% of its assets invested in Uber Technologies Inc Preferred Stock
DF Dent Midcap Growth (DFDMX - Free Report) invests the majority of its assets in equity securities including common and preferred stocks of mid-cap firms. DFDMX primarily focuses on acquiring securities of companies listed on the U.S. market. The fund may also invest in ADRs, ETFs and REITs. DF Dent Midcap Growth is a non-diversified fund with a three-year annualized return of 8.8%.
DFDMX has an expense ratio of 1.1% as compared to the category average of 1.29%.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.
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3 Best-Ranked Mid-Cap Growth Mutual Funds to Buy Now
Mid-cap growth mutual funds provide excellent choices for investors who emphasize investing in securities that will offer growth at lesser risk. While large companies are normally known for stability and the smaller ones for growth, mid-caps offer the best of both worlds, allowing growth and stability simultaneously.
Companies with market capitalization between $2 billion and $10 billion with solid growth prospects are generally considered while constructing portfolios of mid-cap growth mutual funds. Also, focusing on growth securities allows these funds to provide more returns, as growth stocks refer to high quality stocks with potential for revenue and earnings growth at a rate faster than the industry average.
Below we share with you three top-rated 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 mid-cap growth funds, their Zacks Rank and past performance.
T. Rowe Price Diversified Mid Cap Growth (PRDMX - Free Report) maintains a diversified portfolio by investing a major portion of its assets in mid-cap companies that are believed to have above-average earnings growth potential. PRDMX focuses on acquiring common stocks of companies having market capitalization similar to those included in the S&P MidCap 400 Index or the Russell Midcap Growth Index. T. Rowe Price Diversified Mid Cap Growth has a three-year annualized return of 10.3%.
PRDMX has an expense ratio of 0.87% as compared to the category average of 1.29%.
JHFunds2 Mid Cap Stock 1 seeks capital appreciation over the long term. JIMSX invests a large part of its assets in securities of mid-cap companies with a strong capital growth prospect. The fund invests in companies with market cap size within the universe of either the Russell Mid Cap Index or the S&P Mid Cap 400 Index. JIMSX may invest a maximum of 25% of its assets non-U.S. securities, which also include securities from emerging markets. JHFunds2 Mid Cap Stock 1 has a three-year annualized return of 7.9%.
As of May 2016, JIMSX held 99 issues with 3.01% of its assets invested in Uber Technologies Inc Preferred Stock
DF Dent Midcap Growth (DFDMX - Free Report) invests the majority of its assets in equity securities including common and preferred stocks of mid-cap firms. DFDMX primarily focuses on acquiring securities of companies listed on the U.S. market. The fund may also invest in ADRs, ETFs and REITs. DF Dent Midcap Growth is a non-diversified fund with a three-year annualized return of 8.8%.
DFDMX has an expense ratio of 1.1% as compared to the category average of 1.29%.
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.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Pick the best mutual funds with the Zacks Rank.