My pick: Janus Enterprise Fund JAENX
Searching for Mid-Cap Growth funds with no load available through etrade, I take a look at the 18 funds with the best 3 year performance.
Then I cross out any fund with an expense ratio over 1.5% or a turnover rate of over 100%.
Then I note that 2 of the remaining 8 funds have lagged the group recently so I rule them out.
NBNGX has a $5000 minimum initial investment which is too high.
This leaves:
BARON ASSET (BARAX)
COLUMBIA ACORN SELECT Z (ACTWX)
JANUS ADVISER MID CAP GROWTH S (JGRTX)
JANUS ENTERPRISE (JAENX)
SELECTED SPECIAL SHARES S (SLSSX)
According to their Style Composition charts, BARAX and ACTWX are invested in many categories beyond Mid-Cap Growth with ACTWX investing heavily in Small-Cap Value
and BARAX with its largest position in Small Cap Growth.
None of the other three are completely focused on Mid-Cap Growth but they have solid Mid-Cap investments and are Growth focused. Any of these would make decent choices, but I am choosing the one with the lowest expenses- Janus Enterprise Fund JAENX
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1 comment:
I just found your blog and I really like it. But I would like to ask you one question; why is high turnover a negative in a mutual fund and why do you set a turnover rate of 100% as the maximum?
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