Markets

3 Zacks Rank #1 Mid-Cap Growth Mutual Funds to Buy

Investors interested in high returns can choose mid-cap funds that bear lesser risk than small-cap funds. Mid-cap funds are not susceptible to gyrations in the broader markets. 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 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 mid-cap growth funds .

Commerce MidCap Growth CFAGX seeks growth of capital for the long run. CFAGX invests the lion's share of its assets in common stocks of mid-cap companies, which are included on the Russell Midcap Growth Index. Commerce MidCap Growth has registered three-year annualized returns of 12.6%.

CFAGX has an expense ratio of 0.87% compared with the category average of 1.20%.

Eagle Mid Cap Growth A HAGAX invests the majority of its assets in equities of mid-cap issuers. HAGAX invests heavily in equities of those companies that are expected to have above-average earnings and sales growth. The fund seeks capital growth for the long run. Eagle Mid Cap Growth A has three-year annualized returns of 13.4%.

As of September 2017, HAGAX held 88 issues, with 2.37% of its assets invested in

Sensata Technologies Holding N.V.

Janus Enterprise SJGRTX seeks long-term growth of capital. JGRTX invests a minimum of half of its assets in securities of companies having market capitalization similar to those included on the Russell Midcap Growth Index. The fund primarily focuses on acquiring common stocks of companies having an impressive growth prospect. It may also invest in securities issued by foreign companies including those from emerging economies. Janus Enterprise S has three-year annualized returns of 14.5%.

Philip Cody Wheaton is one of the fund managers of JGRTX 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 .

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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 Nasdaq, Inc.


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

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