Investing in growth stocks is always an ideal strategy as they are expected to grow at an above-average rate. In addition, if the growth stock belongs …
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August
02/22/2021
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This story originally appeared on ValueWalk
Investing in growth stocks is always an ideal strategy as they are expected to grow at an above-average rate. If growth stock is also mid-cap, many consider it to be even better than small or large cap. In general, mid-cap companies are not as volatile as small-cap companies and have the potential to generate a higher percentage return than large-cap stocks. However, the only problem investors face is choosing the right growth stocks. One of the best ways to overcome this problem is to invest in mid-cap mutual funds. Let's take a look at the top ten mid-cap growth mutual funds.
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Ten top mid-cap growth mutual funds
We used last year's return data (from U.S. News) to rank the top ten mid-cap growth mutual funds. These are the ten top mid-cap growth retail funds:
Morgan Stanley Inst Discovery Port (MACGX, 63%)
MACGX typically invests in established and emerging companies whose capitalization is within the spectrum of the companies included in the Russell Midcap® Growth Index. This fund has returned over 9% over the past three months and over 49% over the past three years. MACGX has total assets of more than $ 4.60 billion. The fund's three largest holdings are: Morgan Stanley InstlLqdty TrsSecs Instl, Pinterest and Twitter.
Major Small MidCap Growth Fund (PSMHX, 64%)
PSMHX typically invests in stocks of small to medium-sized capitalization companies. This fund has returned over 2% over the past three months. PSMHX has total assets of more than $ 10 million. The fund's three largest holdings are: SVB Financial Group, Horizon Therapeutics and Zendesk.
Kinetics Market Opportunities Fund (KMKAX, 77%)
KMKAX invests all of its assets in the Market Opportunities Portfolio, which is a series of Kinetics Portfolios Trust. This fund has returned over -6% over the past three months and over 20% over the past three years. KMKAX has total assets of more than $ 130 million. The fund's three largest holdings are: Texas Pacific Land, Grayscale Bitcoin Trust, and DREAM Unlimited.
American Beacon ARK Transfmt Innov Fd (ADNAX, 78%)
ADNAX typically invests in a portfolio of equity securities such as common stocks and other equity investments. This fund has returned over 7% over the past three months and over 42% over the past three years. ADNAX has total assets of approximately $ 1.10 billion. The fund's three largest holdings are: Tesla, Teladoc Health and Roku.
Kinetics Paradigm Fund (KNPAX, 91%)
KNPAX puts all of its investable assets in the Paradigm portfolio, which is a Kinetics Portfolios Trust. This fund has returned over -1% over the past three months and over 19% over the past three years. KNPAX has total assets of more than $ 900 million. The fund's three largest holdings are: Texas Pacific Land, Grayscale Bitcoin Trust, and Brookfield Asset Management.
Essex Environmental Opportunities Fund (GEOSX, 93%)
GEOSX invests primarily in securities dealing with "environmental investment issues" such as environmental finance, renewable energies, low carbon trading and more. This fund has returned over 7% in the last three months and more than 26% in the last GEOSX has total assets of more than $ 64 million. The fund's three largest holdings are: Fidelity® Inv MM Fds Government, Raven Industries and Cree.
Baron Focused Growth Fund (BFGFX, 94%)
BFGFX invests in the common stocks of small and medium-sized US growth companies with a long-term objective. This fund has returned over 2% over the past three months and over 39% over the past three years. BFGFX has total assets of more than $ 680 million. The fund's three largest holdings are: Tesla, CoStar Group and Penn National Gaming.
Tanaka Growth Fund (TGFRX, 106%)
TGFRX invests in the common stocks and other equity securities of companies of all sizes. It can also invest in foreign securities as well as in securities from emerging markets. This fund has returned over 1% over the past three months and over 26% over the past three years. TGFRX has total assets of more than $ 21 million. The fund's three largest holdings are: Amyris, Apple and Onto Innovation.
Shelton Green Alpha Fund (NEXTX, 113%)
NEXTX mainly invests in companies that, in their opinion, are among the best in dealing with environmental risks and opportunities and have above-average growth potential. This fund has returned over 9% over the past three months and over 44% over the past three years. NEXTX has total assets of more than $ 300 million. The fund's three largest holdings are: Moderna, JinkoSolar Holding and CRISPR Therapeutics.
Kinetics Spin-Off and Corporate Rest Fd (LSHAX, 114%)
LSHAX invests primarily in equity securities of spin-off companies and companies that are otherwise restructuring. This fund has returned over 4% over the past three months and over 22% over the past three years. LSHAX has total assets of $ 27.60 million. The fund's three largest holdings are: Texas Pacific Land, PayPal Holdings, and DREAM Unlimited.
