Top 12 Best Performer Mid-Cap Growth Mutual Funds of 2010: Part 1

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Top Mid Cap Growth Logo

Intro

In general, companies can be classified into 3 different classes such as large cap, mid cap, small cap. I'll focus about how to invest in mid cap in this article. A mid cap company is a company with a market capitalization between $2 Billion and $10 Billion. This company is very attractive hence it is not too big and not too small. The company may have enough revenue to growth and become large cap company. It is not too volatile compare to any small cap company. The easiest way to invest in mid cap companies are by investing in equity mutual funds. I’m especially interested in mid cap growth company. Hence the following is the Top 10 Best Performers Mid Cap Growth Stock Mutual Funds of 2010. Looking in 2010 winner funds may provide an insight for current and future year (2011 and beyond) investment strategy. There is no rule of thumb in investing in mid cap, but 5-10% asset diversification may provide additional boost to your investment portfolio.

The Top 12 Best Mid Cap Growth Funds of 2010 include:

  1. Wells Fargo Advantage Discovery A
  2. Putnam Multi-Cap Growth A
  3. Meridian Growth
  4. Artisan Mid Cap Inv
  5. TIAA-CREF Mid-Cap Growth Retail
  6. Columbia Mid Cap Growth A
  7. Fidelity Advisor Mid Cap II A
  8. Neuberger Berman Mid Cap Growth A
  9. Waddell & Reed New Concepts A
  10. American Century Heritage A
  11. Vanguard Mid-Cap Growth Index Inv
  12. Franklin Small-Mid Cap Growth A

Note: For part 2, please check the my next article.


Top 12 Best Mid-Cap Growth Mutual Funds Info - Part 1

(click column header to sort results)
No  
Mutual Funds Description  
Rank  
Ticker  
Yield  
Expense ratio  
Morningstar Rating  
Total Asset (Mil)  
Min. To Invest  
1
Wells Fargo Advantage Discovery A
6
WFDAX
0.00%
1.33%
3
$672.02
$1,000
2
Putnam Multi-Cap Growth A
7
PNOPX
0.00%
1.29%
2
$3,780.00
$500
3
Meridian Growth
11
MERDX
0.14%
0.84%
5
$2,260.00
$1,000
4
Artisan Mid Cap Inv
13
ARTMX
0.00%
1.23%
4
$5,140.00
$1,000
5
TIAA-CREF Mid-Cap Growth Retail
15
TCMGX
0.00%
0.77%
3
$1,230.00
$2,500
6
Columbia Mid Cap Growth A
15
CBSAX
0.00%
1.23%
3
$1,480.00
$2,000
Updated on 3/2/2011
Wells Fargo Advantage Discovery Holdings
Wells Fargo Advantage Discovery Holdings | Source

1. Wells Fargo Advantage Discovery A (WFDAX)

The investment in Wells Fargo Advantage Discovery is seeking for long-term capital appreciation. The main assets investment is in equity securities of small and medium-capitalization companies. The selected companies have been chosen by the fund advisor that they will offer favorable opportunities for growth. They define the small and medium capitalization companies as companies that during the time of purchase have market capitalizations of equal to or lower than the company with the largest market capitalization in the Russell Midcap Index. The fund will also do some investment in equity securities of foreign issuers through ADRs and similar investments.

This fund is managed by Thomas J. Pence since 2001. The fund has 0% of 12b1 fee, with 5.75% front-end sales load. The minimum balance to invest in this fund is $1,000 for brokerage account and $250 for IRA account. The subsequent balance amount is $100. This fund can be purchased in around 60 brokerages, such as Morgan Stanley - Brokerage Accounts, JPMorgan, Vanguard, Scottrade Load, Fidelity Retail FundsNetwork, etc. There is no redemption fee but there is a $10 for IRA maintenance fee per account. Other class tickers of this fund are WFDDX, WDSCX, WFDSX and STDIX. Some asset classes of fund have lower expense ratio fee, and no front end sales charge fee.

The top holdings of this fund as of February 2011 are SBA Communications Corporation-Cl A (2.86%), Alexion Pharmaceuticals Incorporated (2.59%), Equinix Incorporated (2.30%), Netlogic Microsystems Incorporated (2.24%), Pioneer Natural Resources Company (2.18%), Wabco Holdings Incorporated (2.13%), Emergency Medical Services Corporation (2.00%), Arm Holdings PLC Spons ADR ADR Npv (1.96%), Kansas City Southern (1.95%) and Tibco Software Incorporated (1.88%). The top sectors are Information Technology (26.46%), Consumer Discretionary (18.22%), Industrials (18.08%) and Health Care (13.58%).


2. Putnam Vista A (PVISX) / Putnam Multi-Cap Growth A (PNOPX)

The Putnam Visa Fund has been merged into the Putnam New Opportunities Fund (Putnam Multi-Cap Growth Fund) by the end of 2010. The investment in this fund pursues for long-term capital appreciation. The Putnam Multi-Cap Growth fund primarily put the investment in common stocks of U.S. companies. The investment may be done in companies of any size, with a concentration on growth stocks which the fund advisor sees are fast-growing and increasing earnings. The portfolio composition of this fund as of January 31, 2011 is 98.57% in Common Stock and 1.43% in Cash & Net Other Assets.

The fund manager is Gerald I. Moore since Oct 31, 2007. The fund has 0.25% 12b1 fee and 5.75% front-end sales load. The expense ratio of this fund is 1.29% per year. The minimum balance to invest in the brokerage account is $500 but no IRA account is available. This fund has returned 21.58% over the past one year. The other class tickers of this fund are PNOBX, PNOCX, PNOMX, PNORX and PNOYX. The minimum balance for brokerage account in other tickers is the same ($500). And only PNOYX has no 12b1 fee and no sales load fund.

The top 10 holdings of this fund are Apple, Hewlett-Packard, Google, Qualcomm, Oracle Corp, Covidien, Aflac, Amazon.Com, Precision Castparts Corp and Thermo Fisher Scientific. The top industry sectors as of January 31, 2011 are Technology (26.87%), Consumer Cyclicals (12.95%), Health Care (12.59%), Capital Goods (10.10%), Energy (8.87%), Financials (7.77%), Consumer Staples (7.26%), Other (6.58%), Basic Materials (5.58%) and Cash & Net Other Assets (1.43%).


Meridian Growth Holdings
Meridian Growth Holdings | Source

3. Meridian Growth (MERDX)

Meridian Growth investment is seeking for long-term growth of capital. The assets investment of this fund is focused in a diversified portfolio of freely traded common stocks of U.S. companies. And almost a quarter of the assets may be invested in securities of foreign companies, including emerging market companies. There is an option for the investment in securities of companies with any capitalization across a broad range of industries (can include small companies).

Richard F. Aster Jr. has managed the fund since its inception in Aug 1, 1984. The expense ratio of this fund is 0.84% per year which is quite low compared to the average in the category (1.46%). It has neither 12b1 fee nor sales load. The minimum balance to invest in brokerage account of this fund is $1,000 while there is no IRA account available. This fund has returned 40.18% over the past one year and 9.20% over the past decade.

Top 10 Holdings of this fund as of December 2010 are Citrix Systems, Inc. (2.9%), Royal Caribbean Cruises, Ltd. (2.6%), Waste Connections, Inc. (2.5%), Valspar Corp. (2.5%), J.B. Hunt Transport Services, Inc. (2.5%), Solera Holdings, Inc. (2.5%), Expeditors International of Washington, Inc. (2.4%), Mattel, Inc. (2.4%), RPM International, Inc. (2.4%) and MICROS Systems, Inc. (2.3%). The top sectors of this fund are Tech-Software (16.7%), Retail (11.0%), Technology (8.0%) and Energy (5.5%).


Artisan Mid Cap Holdings
Artisan Mid Cap Holdings | Source

4. Artisan Mid Cap Inv (ARTMX)

Artisan Mid Cap Investor investment is seeking for maximum long-term capital growth. The major assets are invested in U.S. companies and the common stocks of medium-sized companies. The companies it invested in has greater market caps than the market cap of the smallest company and less than 3 times the weighted average market cap of companies in the Russell Midcap Index. The minor investment is in the securities of a single issuer. The portfolio assets composition of this fund is maintained to have less than 5% of cash.

This fund has been managed by Andrew C. Stephens since 1997. The expense ratio is 1.23% per year. It has 0% 12b1 fee and no sales load. The minimum balance to invest in either brokerage account or IRA account is $1,000 with the minimum subsequent amount is $50. The fund performance is 42.03% (over the past one year), 7.24% (over the past three years), 7.06% (over the past five years) and 5.32% (over the past ten years). This fund is currently closed to most new investors.

The top 10 Holdings of this fund as of January 2011 are Cerner Corp (3.8), Agilent Technologies Inc. (2.9), Precision Castparts Corp. (2.9), Cooper Industries PLC (2.9), BorgWarner Inc. (2.8), Trimble Navigation Ltd (2.8), Allergan Inc. (2.5), CH Robinson Worldwide Inc. (2.3), Roper Industries Inc. (2.2) and Citrix Systems Inc. (2.2). The top sector diversifications are Information Technology (29.1), Industrials (21.3), Consumer Discretionary (20.8) and Health Care (16.3).


Source

5. TIAA-CREF Mid-Cap Growth Retail (TCMGX)

Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF) Mid-Cap Growth Retail investment pursues a promising long-term total return. Most of its net assets (at least 80%) are invested in mid-cap equity securities and up to 20% in foreign investments. The main investment is in equity securities of medium-sized domestic companies, as stated by the Russell Mid-cap Growth index.

George E. Scalise has managed this fund since Jun 30, 2006. The expense ratio is 0.77% per year which is much lower than the average expense in the category (1.46%). The TRPWX ticker has the lowest expense ratio in this fund (0.55%). The minimum balance to invest in this fund is $2,500 for brokerage account and $2,000 for IRA account. It has 0.25% 12b1 fee with no sales load. This fund can be purchased from 38 brokerages include TD Ameritrade, Inc, Vanguard, Northwestern Mutual Inv Srvc, LLC, Protected Investors of America, etc. This fund is also offered in most IRA retirement, 401K retirement account, and 529 accounts. Some asset classes of fund have lower expense ratio fee, and no front end sales charge fee. The other class tickers of this fund are TRPWX, TRGPX and TRGMX.

The top 10 holdings of this fund as of January 2011 are iShares Russell Midcap Growth Index Fund (2.8%), Cummins, Inc. (1.9%), NetApp, Inc. (1.5%), Walter Energy, Inc. (1.5%), Ecolab, Inc. (1.2%), Interpublic Group of Cos, Inc. (1.1%), Concho Resources, Inc. (1.1%), Joy Global, Inc. (1.1%), VistaPrint Ltd (1.1%) and Rackspace Hosting, Inc. (1.1%). The top 3 sectors are Information Technology (24.4%), Consumer Discretionary (18.9%) and Industrials (18.0%).


Source

6. Columbia Mid Cap Growth A (CBSAX)

The investment in Columbia Mid Cap Growth Fund seeks substantial capital appreciation. The major assets investment of this fund is done in stocks of companies with a market capitalization in the range of the companies listed in the Russell Midcap Index. The companies chosen are trusted to have the potential for long-term yet above-average earnings growth. The other investment options are in equity securities of companies that have market capitalizations outside the range of the Russell Midcap Index and in foreign securities.

Wayne Collette has managed this fund since Feb 3, 2006. The expense ratio of this fund is 1.23% per year. It has 0.25% 12b1 fee and 5.75% front-end sales load. The minimum balance to invest in brokerage account of this fund (CBSAX) and other class such as CBSBX, CMCCX and CBSTX are $2,000. This fund is also offered in most IRA retirement, 401K retirement account, and 529 accounts. Some asset classes of fund have lower expense ratio fee, and no front end sales charge fee. The other class tickers are CBSBX, CMCCX, CMGRX, CBSTX, CMRWX and CMGYX.

The top 10 holdings of this fund as of February 2011 are Cummins, Cliffs Natural Resources, CF Industries Holdings, Atmel, Red Hat, Cameron International, Affiliated Managers Group, Alliance Data Systems, Priceline and Rovi. While the top 5 sectors are Consumer Discretionary, Information Technology, Health Care, Industrials and Materials.


NEXT

More can be read on part 2 of the article:


Disclosure

I have no affiliation or any position in any of these mutual funds at present time. Please do your own research for additional details. Please trade and invest responsibly. Past Performance is No Guarantee of Future Results.

Top 12 Best Mid-Cap Growth Mutual Funds Performance

(click column header to sort results)
No  
Mutual Funds Description  
Ticker  
1 Yr  
3 Yr  
5 Yr  
10 Yr  
1
Wells Fargo Advantage Discovery A
WFDAX
35.31%
3.96%
5.16%
7.35%
2
Putnam Multi-Cap Growth A
PNOPX
21.58%
0.73%
0.47%
-2.60%
3
Meridian Growth
MERDX
40.18%
10.72%
8.12%
9.20%
4
Artisan Mid Cap Inv
ARTMX
42.03%
7.24%
7.06%
5.32%
5
TIAA-CREF Mid-Cap Growth Retail
TCMGX
37.44%
4.59%
3.98%
N/A
6
Columbia Mid Cap Growth A
CBSAX
29.62%
3.25%
4.08%
2.57%
7
Fidelity Advisor Mid Cap II A
FIIAX
24.46%
3.16%
3.67%
N/A
8
Neuberger Berman Mid Cap Growth A
NMGAX
27.46%
0.75%
3.44%
0.23%
9
Waddell & Reed New Concepts A
UNECX
31.73%
7.98%
6.51%
4.07%
10
American Century Heritage A
ATHAX
32.28%
1.28%
7.26%
4.82%
11
Vanguard Mid-Cap Growth Index Inv
VMGIX
38.47%
3.11%
N/A
N/A
12
Franklin Small-Mid Cap Growth A
FRSGX
28.07%
4.07%
2.82%
1.08%
Updated on 3/2/2011

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