Top 12 Best Performer Mid Cap Growth Mutual Funds of 2010: Part 2

Top Mid Cap Growth Fund of 2010 Part 2 Logo
Top Mid Cap Growth Fund of 2010 Part 2 Logo

Intro

Mid Cap companies can provide additional diversification for an investor or a trader. Investing in Mid Cap companies can be done in several ways such as mutual funds, exchange traded funds (ETF), and closed end funds (CEFs). I’ll focus in mid cap growth mutual funds. This is part 2 of my Top 12 best performers mid cap growth mutual fund of 2010. If you miss part 1 article, please check the following Mid Cap Growth Fund of 2010 Part 1 article. Mid Cap company is a company with market capitalization between $2 billion and $10 billion.

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: Mid cap equity fund is also part of Domestic Equity Mutual Funds.


Top 12 Best Mid-Cap Growth Mutual Funds Info - Part 2

(click column header to sort results)
No  
Mutual Funds Description  
Rank  
Ticker  
Yield  
Expense ratio  
Morningstar Rating  
Total Asset (Mil)  
Min. To Invest  
7
Fidelity Advisor Mid Cap II A
16
FIIAX
0.00%
1.17%
3
$3,550.00
$2,500
8
Neuberger Berman Mid Cap Growth A
18
NMGAX
0.00%
1.11%
3
$578.61
$1,000
9
Waddell & Reed New Concepts A
19
UNECX
0.00%
1.48%
4
$1,430.00
$500
10
American Century Heritage A
19
ATHAX
0.00%
1.26%
4
$3,490.00
$2,500
11
Vanguard Mid-Cap Growth Index Inv
20
VMGIX
0.41%
0.30%
3
$2,160.00
$3,000
12
Franklin Small-Mid Cap Growth A
22
FRSGX
0.00%
1.04%
3
$4,120.00
$1,000
Updated on 3/2/2011
Source

7. Fidelity Advisor Mid Cap II A (FIIAX)

The investment in Fidelity Advisor Mid Cap II pursues long-term growth of capital. The fund generally invests the majority of its net assets in securities of companies with medium market capitalizations. The criteria for medium market are companies with market capitalizations related to companies in the Russell Midcap index as well as the Standard & Poor's MidCap 400 index. There is a possibility that the assets are invested in companies with smaller or larger market capitalizations.

Thomas Allen has been the fund manager since Aug 12, 2004. The expense ratio of this fund is 1.17% per year. The fund has returned 24.46% over the past one year and 3.16% over the past three years. It has 0.25% 12b1 fee and 5.75% front-end sales load. The minimum balance to invest in this fund and other class are $2,500 for brokerage account. The easiest way to invest in Fidelity fund is by opening Fidelity Brokerage Account. The FIIMX class has the lowest expense ratio and applies no 12b1 fee and no sales load.

The top 10 industry sectors for this fund as of January 2011 are Information Technology, Consumer Discretionary, Health Care, Financials, Materials, Energy, Industrials, Consumer Staples, Utilities and Telecommunication Services. The top 10 company holdings out of 202 holdings for this fund as of January 2011 are EBay Inc., Netflix Inc., Advance Auto Parts Inc., Cerner Corp., Hasbro Inc., Allscripts Hlthcare Sols Inc., Vertex Pharmaceuticals Inc., Newcrest Mining Ltd, Patterson-Uti Energy Inc. and Reinsurance Group Of America. The country diversification are USA (77.56), Canada (4.88), China (4.10), Australia (2.19), Netherlands (2.04), United Kingdom (2.01), India (1.59), Japan (1.46) and France (1.39).


Source

8. Neuberger Berman Mid Cap Growth A (NMGAX)

The investment in Neuberger Berman Mid Cap Growth Fund is seeking for capital growth. The majority of its net assets, including any borrowings for investment purposes, are invested in common stocks of mid-capitalization companies. The companies are those with a total market capitalization within the market capitalization range of the Russell Midcap Index at the time of purchase.

Kenneth Turek has managed this fund since Jan 31, 2003. The expense ratio of this fund is 1.11%. It has returned 27.46% over the past one year and 3.44% over the past five years. 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. Other class tickers of this fund are NBMBX, NMGCX, NBMLX, NMANX, NMGRX and NBMTX. The minimum balance to invest in this fund (NMGAX) and its other class (NMGCX and NMANX) are $1,000.

Top 10 holdings of this fund are Concho Resources (2.0%), SBA Communications Class A (2.0%), Stericycle, Inc. (1.8%), Rovi Corp. (1.8%), Alexion Pharmaceuticals (1.6%), CARBO Ceramics (1.5%), Informatica Corp. (1.5%), Fastenal Co. (1.4%), WMS Industries (1.4%) and Edwards Lifesciences (1.4%). The top sector weightings are Information Technology, Industrials, Consumer Discretionary and Health Care.


9. Waddell & Reed New Concepts A (UNECX)

Waddell & Reed New Concepts investment is looking for investment growth. The main assets investment is in common stocks of mid-cap companies. The fund advisor sees the companies offer above-average growth potential with market capitalizations that may range between $1 billion and $10 billion. As of end of 2010, the investment is 97.78% in the domestic common stock, 1.14% in cash and cash equivalents and 1.08% in foreign common stock.

The fund manager is Kimberly A. Scott since 2001. The expense ratio is 1.48% per year. It has 0.25% 12b1 fee and 5.75% front-end sales load. This fund has returned 7.98% over the past three years and 6.51% over the past five years. The minimum balance to invest in this fund is $500 for brokerage account, same for class UNEBX and WNCCX. This fund can be purchased in 10 brokerages only, such as Schwab Institutional, Schwab Retail, Schwab Institutional Load Waived, Federated TrustConnect, SunGard Transaction Network, Robert W. Baird & Co., Matrix Financial Solutions Morgan Stanley - Ntwk/Rdm Only-Brokerage, ING Financial Advisers - SAS Funds and DailyAccess Corporation Mid-Atlantic. The other class tickers are UNEBX, UNEYX and WNCCX.

The top 10 equity holdings as of January 2011 are Whole Foods Market, Inc. (3.5%), Fastenal Company (3.1%), Microchip Technology Incorporated (2.8%), Paychex, Inc. (2.6%), BorgWarner Inc. (2.5%), Expeditors International of Washington, Inc. (2.5%), CB Richard Ellis Group, Inc., Class A (2.4%), NetApp, Inc. (2.4%), Signature Bank (2.3%) and Discover Financial Services (2.2%). The top sector allocations are Consumer Discretionary (20.9%), Information Technology (19.3%), Industrials (17.7%), Financials (14.3%) and Health Care (11.6%).


Source

10. American Century Heritage A (ATHAX)

American Century Heritage investment pursues capital growth in long-term period of time. The fund is normally invested its net assets in common stocks, as well as other types of securities such as preferred stocks, non-leveraged stock index futures contracts, options and debt securities. For the investment, this fund may also purchase companies of any size. But the preference is on medium-sized or smaller companies (at time of purchase) with earnings and revenues that are growing at an accelerating pace.

David Hollond has managed this fund since Feb 9, 2007. The expense ratio of this fund is 1.26% per year. It has returned 32.28% over the past one year and 7.26% over the past five years. The minimum balance to invest in the brokerage account of this fund, as well as the other class (except ATHIX) is $2,500. No IRA account is available. The fund (ATHAX) has 0.25% of 12b1 fee and 5.75% front-end sales load. Other class tickers of this fund are ATHBX, AHGCX, ATHIX, TWHIX and ATHWX.

The top ten holdings as of Dec 31, 2010 are F5 Networks Inc. (3.49%), Royal Caribbean Cruises Ltd (2.95%), priceline.com Inc. (2.84%), NetFlix Inc. (2.66%), BE Aerospace Inc. (2.58%), O'Reilly Automotive Inc. (2.48%), Cummins Inc. (2.12%), SBA Communications Corp (2.08%), NetApp Inc. (1.93%) and Apple Inc. (1.91%). These top 10 holdings are equal to 25.03% of the total. Top 5 sector weightings are Consumer Discretionary (23.72%), Information Technology (23.27%), Industrials (16.36%), Health Care (12.65%) and Energy (8.51%). The regional exposure are mainly focused in North America (95.16%) and small percentage in Asia-Pasific (excluding Japan) and Europe.


Source

11. Vanguard Mid-Cap Growth Index Inv (VMGIX)

The investment in Vanguard Mid-Cap Growth Index Inv seeks to trail the performance of MSCI US Mid Cap Growth Index. The fund invests all of its assets in the stocks that make up the index. It consists of a largely diversified index of medium-size U.S. companies’ growth stock.

This fund is managed by Gerard C. O'Reilly since 2006. This is a no sales load fund and there is no 12b1 fee. The expense ratio of this fund is 0.30%, very low compared to the average in the category which is 1.46%. This fund is also offered in most IRA retirement, 401K retirement account, and 529 accounts. The minimum balance to invest in this fund for either brokerage or IRA account is $3,000. Other class ticker of this fund is VMGRX with the minimum investment is $10,000. This VMGIX fund can be purchased from 63 brokerages, such as Ameriprise SPS Advantage, Vanguard NTF Brokerage, ETrade No Load Fee and MSSB Retail Fund.

The ten largest holdings as of Jan 31, 2011 are Cameron International Corp., Host Hotels & Resorts Inc., Altera Corp., FMC Technologies Inc., Consol Energy Inc., Starwood Hotels & Resorts Worldwide Inc., Discover Financial Services, Pioneer Natural Resources Co., SanDisk Corp. and AmerisourceBergen Corp. Class A. The top 5 equity sectors are Consumer Discretionary, Information Technology, Health Care, Energy and Industrials.


Source

12. Franklin Small-Mid Cap Growth A (FRSGX)

Franklin Small-Mid Cap Growth investment pursues for capital growth in long-term. The fund usually invests the majority of its net assets (at least 80%) in equity securities of small-cap and mid-cap companies. The benchmarks used are the companies within the market capitalization range of companies in the Russell 2500 Index. As for mid-cap companies, they are companies within the market capitalization range of companies in the Russell Midcap Index. There is a possibility that it may invest in equity securities of larger companies as well. The FRSGX fund may have substantial positions in specific sectors such as technology.

The fund manager is Edward Jamieson that has joined since Feb 14, 1992. The expense ratio of this fund is 1.04%. This fund has returned 2.82% over the past five years and 1.08% over the past ten years. It has -0.25% 12b1 fee and 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. It is the same amount for the other class brokerage minimum investment except FSGAX. The other class tickers of this fund are FSGAX, FBSMX, FRSIX and FSMRX. Some asset classes of fund have lower expense ratio fee, and no front end sales charge fee.

The top 10 holdings of this fund as of January 2011 are SM Energy Co. (1.80%), Celanese Corp (1.70%), Trimble Navigation Ltd (1.60%), Nuance Communications Inc. (1.50%), Citrix Systems Inc. (1.50%), Cameron International Corp. (1.50%), Sensata Technologies Holding NV (1.50%), Mettler-Toledo International Inc. (1.40%), Silicon Laboratories Inc. (1.40%) and AMETEK Inc. (1.40%). The top 5 sectors are Information Technology, Consumer Discretionary, Industrials, Health Care and Energy.


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

More by this Author


No comments yet.

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working