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3 Best Rated Mid-Cap Value Mutual Funds to Consider
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Investors interested in deriving safer returns by allocating their assets in undervalued securities may consider mid-cap value mutual funds. While mid caps offer the best of both large- and small-cap mutual funds, allowing growth and stability simultaneously, value funds are known for income or yield. Value funds are those that tend to trade at prices lower than their fundamentals (i.e. earnings, book value, debt to equity). However, not all value funds solely comprise companies that primarily use their earnings to pay dividends.
Meanwhile, companies with market capitalization between $2 billion and $10 billion are generally considered mid-cap firms. While mid-cap funds are expected to have a higher growth potential than the large-cap ones, they are believed to experience a lower level of volatility than their small-cap counterparts.
TIAA-CREF Mid-Cap Value Premier (TRVPX - Free Report) invests heavily in equity securities of mid-cap companies that are believed to be undervalued according to Teachers Advisors, Inc. TRVPX seeks a high level of total return through capital growth. The fund focuses on acquiring equities of companies that are located in the U.S. and having market capitalization within the range of the Russell Midcap Value Index. TIAA-CREF Mid-Cap Value Premier has a one-year annualized return of 37.9%.
TRVPX has an expense ratio of 0.52% as compared to the category average of 1.19%.
Touchstone Mid Cap Value Y (TCVYX - Free Report) seeks appreciation of capital. TCVYX invests the lion’s share of its assets in the securities of mid-cap companies, which fall within the range of the Russell Midcap Index. Touchstone Mid Cap Value Y has a one-year annualized return of 40.1%.
As of December 2016, TCVYX held 73 issues with 2.15% of its assets invested in Treehouse Foods Inc.
Managed Account Mid Cap Value Opportunities seeks growth of capital and income. MMCVX invests the lion’s share of its assets in equity securities of companies with market capitalization similar to those listed on the S&P MidCap 400 Value Index. The fund may invest nearly 30% of its assets in foreign securities and in securities that are denominated in foreign currencies. Managed Account Mid Cap Value Opportunities has a one-year annualized return of 45.5%.
John Coyle is one of the two fund managers of MMCVX since 2009.
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3 Best Rated Mid-Cap Value Mutual Funds to Consider
Investors interested in deriving safer returns by allocating their assets in undervalued securities may consider mid-cap value mutual funds. While mid caps offer the best of both large- and small-cap mutual funds, allowing growth and stability simultaneously, value funds are known for income or yield. Value funds are those that tend to trade at prices lower than their fundamentals (i.e. earnings, book value, debt to equity). However, not all value funds solely comprise companies that primarily use their earnings to pay dividends.
Meanwhile, companies with market capitalization between $2 billion and $10 billion are generally considered mid-cap firms. While mid-cap funds are expected to have a higher growth potential than the large-cap ones, they are believed to experience a lower level of volatility than their small-cap counterparts.
Below we share with you three top-rated mid-cap value 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 value funds.
TIAA-CREF Mid-Cap Value Premier (TRVPX - Free Report) invests heavily in equity securities of mid-cap companies that are believed to be undervalued according to Teachers Advisors, Inc. TRVPX seeks a high level of total return through capital growth. The fund focuses on acquiring equities of companies that are located in the U.S. and having market capitalization within the range of the Russell Midcap Value Index. TIAA-CREF Mid-Cap Value Premier has a one-year annualized return of 37.9%.
TRVPX has an expense ratio of 0.52% as compared to the category average of 1.19%.
Touchstone Mid Cap Value Y (TCVYX - Free Report) seeks appreciation of capital. TCVYX invests the lion’s share of its assets in the securities of mid-cap companies, which fall within the range of the Russell Midcap Index. Touchstone Mid Cap Value Y has a one-year annualized return of 40.1%.
As of December 2016, TCVYX held 73 issues with 2.15% of its assets invested in Treehouse Foods Inc.
Managed Account Mid Cap Value Opportunities seeks growth of capital and income. MMCVX invests the lion’s share of its assets in equity securities of companies with market capitalization similar to those listed on the S&P MidCap 400 Value Index. The fund may invest nearly 30% of its assets in foreign securities and in securities that are denominated in foreign currencies. Managed Account Mid Cap Value Opportunities has a one-year annualized return of 45.5%.
John Coyle is one of the two fund managers of MMCVX since 2009.
To view the Zacks Rank and past performance of all mid-cap value mutual funds, investors can click here to see the complete list of funds.
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