Zacks #1 Strong Buy Mid Cap Growth Mutual Funds - Best of Funds

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A single minded focus towards capital appreciation is what best characterizes growth funds. This purity of style is further established by the fact that investors can expect few or no dividend pay outs from such mutual funds. But investing in this class of funds requires a relatively higher appetite for risk than those following a value or blend style towards investing. However, in depth research and professional management are what make mutual funds a much safer proposition as compared to directly investing in growth stocks.

Below we will share with you 5 top-rated mid cap growth mutual funds . Each has earned a Zacks #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 growth funds, investors can click here to see the complete list of funds .

Deutsche Mid Cap Value A (MIDVX) seeks capital appreciation over the long run. It invests a major portion of its assets in mid cap companies having market capitalization similar to those listed in the Russell Midcap Value Index. It focuses on buying stocks of mid-cap companies that are believed to be undervalued. It may also invest in REITs. The mid cap growth mutual fund has returned 17% in the last one year.

The fund has an expense ratio of 1.22% as compared to category average of 1.25%.

Federated MDT Mid Cap Growth Strategies A (FGSAX) invests majority of its assets in domestic mid-cap firms having impressive growth potentials. The market capitalizations of these companies are within the scale of market cap of the companies included in the Russell Midcap Growth Index. The mid cap growth mutual fund returned 18.7% in the last one year.

Daniel J. Mahr is the fund manager and has managed this fund since 2013.

Westcore Select (WTSLX) seeks capital appreciation over the long run. It invests in 20 to 35 growth oriented companies and having market capitalization identical to those listed in the Russell Midcap Growth Index. It may also invest in small cap companies. It focuses on acquiring only those stocks that are traded in the U.S. This non-diversified mid cap growth mutual fund has returned 14.1% in the last one year.

The fund has an expense ratio of 1.08% as compared to category average of 1.33%.

RS Mid Cap Growth A (RSMOX) invests a lion's share of its assets in mid cap companies. These firms should have market capitalization of a minimum of $1 billion and market cap must not be higher than 1.2x of the largest company included in Russell Midcap Index. It mostly invests in domestic companies. However, it may invest a part of its assets in foreign companies. The fund seeks capital appreciation over the long run. The mid cap growth mutual fund returned 11.4% in the last one year.

As of June 2014, this fund held 70 issues with 2.44% of its assets invested in Affiliated Managers Group Inc

Columbia Mid Cap Value A (CMUAX) seeks long-term capital growth. It invests heavily in companies having market capitalizations within the range of those in the Russell Midcap Value Index. It invests in both value and growth stocks. It may invest a maximum of 20% of its assets in non U.S. companies. The mid cap growth mutual fund returned 20.9% in the last one year.

The fund has an expense ratio of 1.17% as compared to category average of 1.25%.

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. Learn more about the Zacks Mutual Fund Rank in our Mutual Fund Center .


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Mutual Funds


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