Investing in blend funds is a smart strategy as they aim for value appreciation through capital gains. In addition to offering diversification benefits, such funds are perfect for investors looking for a combination of growth and value investment. Mid-cap blend funds are very popular among investors. Such funds usually invest in medium-sized companies where neither value nor growth characteristics dominate. Generally, these funds invest in U.S. companies having a market capitalization between $1 billion and $8 billion. Let’s take a look at the top ten mid-cap blend mutual funds.
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Top Ten Mid-Cap Blend Mutual Funds
We have used the past return numbers from U.S. News to rank the top ten mid-cap blend mutual funds.
MFCAX invests in stocks it believes are undervalued in comparison to their asset value, long-term earnings power or the stock market in general. It has earned a return of over 5% in the last three months and more than 16% in the last three years. This fund has more than $723 million in total assets. MFCAX’s top three holdings are Treehouse Foods, Acadia Healthcare and Welbilt.
DSMFX aims for long-term capital appreciation. This fund invests in a range of securities, including common or preferred stock, bonds or debentures, and more. It has earned a return of over 6% in the last three months and more than 18% in the last three years. This fund has more than $1.3 billion in total assets. DSMFX’s top three holdings are iShares Russell 2000 ETF, NXP Semiconductors and Global Payments.
CRMAX’s objective is to ensure long-term capital appreciation of investors’ funds. This fund refers to the Russell 2500 Value Index and/or the S&P Mid Cap 400 Value Index to select its investments. It has earned a return of over 7% in the last three months and more than 14% in the last three years. This fund has more than $199 million in total assets. CRMAX’s top three holdings are American Financial Group, G-III Apparel Group and Valmont Industries.
BIGTX aims for long-term capital appreciation. This fund uses a number of factors such as industry position, financial conditions, and market and economic conditions to select its investments. It has earned a return of over 4% in the last three months and more than 9% in the last three years. This fund has more than $14 million in total assets. BIGTX’s top three holdings are Texas Pacific Land, XPEL and Digital Turbine.
WASIX’s primary objective is current income, while long-term growth of capital is its secondary objective. This fund primarily invests in income-producing domestic and foreign securities. It has earned a return of over 16% in the last three months and more than 14% in the last three years. This fund has more than $39 million in total assets. WASIX’s top three holdings are Arrow Global Group, Future and iEnergizer.
THPMX seeks long-term capital appreciation by investing in securities from mid-size firms. Its equity investments may be in common stocks, ADRs and real estate investment trusts (REITs). It has earned a return of over 5% in the last three months and more than 13% in the last three years. This fund has more than $62 million in total assets. THPMX’s top three holdings are Alliance Data Systems, First Horizon and LKQ.
TARKX aims for the long-term growth of capital. In addition to common stock, this fund may also invest in fixed income securities and securities from foreign issuers. It has earned a return of over 3% in the last three months and more than 18% in the last three years. This fund has more than $161 million in total assets. TARKX’s top three holdings are Cognex, The St. Joe and The Container Store Group.
HFMDX seeks long-term growth of capital. This fund uses the Cornerstone Mid Cap 30 Formula to pick stocks, buying 30 stocks weighted equally by dollar amount. It has earned a return of over 2% in the last three months and more than 13% in the last three years. This fund has more than $403 million in total assets. HFMDX’s top three holdings are Vista Outdoor, Allscripts Healthcare Solutions and Valmont Industries.
LGOAX’s objective is to ensure long-term growth of capital. This fund uses a flexible strategy to select investments and can use varying investment styles or asset classes. It has earned a return of over 4% in the last three months and more than 22% in the last three years. This fund has more than $2.73 billion in total assets. LGOAX’s top three holdings are DXC Technology, Farfetch (Class A) and Teva Pharmaceutical.
HPDMX aims for long-term capital appreciation. This fund may also take up short-sale transactions using 25% of its net assets and could invest in money market instruments as well. It has earned a return of over 9% in the last three months and more than 12% in the last three years. This fund has more than $238 million in total assets. HPDMX’s top three holdings are Texas Pacific Land, Luby's and Cleveland-Cliffs.
