12.30.2006

Non-Ret: Mid-Cap Growth

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

1 comment:

oneopinion said...

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?