The best Mid cap Funds for 2013

A few years ago I wrote a hub about the best mid cap stock funds. While many of the funds I recommended I am still recommending others I am not. Managers have changed, funds have closed and in some cases the fund’s performance has been poor. Having the best mutual funds are key to having a winning portfolio. The funds listed in this hub are just my opinion and you can take that for what it’s worth.
Most of the funds I recommend are no load funds which the average investor can purchase with no transaction fee from Fidelity, Vanguard or other large brokerage house. They can be purchased with a smaller amount of money, and they are open to new investors. As illustrated below one of the funds takes 250 dollars to open! I have written some hubs where the funds have closed to new investors in a few weeks. I would really like to think that a lot of people reading my hubs poured too much money into these funds but I doubt that is the case. What really happened is that good investors also realize these funds were good funds and invested their money. A fund company acting responsibly will close there fund to new investors if inflow is larger than the manager can properly invest.

So what are the funds?

Wells Fargo Advantage Discovery symbol STDIX.

I like this fund because it has been run by the same manager Thomas Pence for over ten years. This fund is no load and has an IRA minimum initial investment of 1000 dollars. I like the performance numbers with this fund as well. This fund has produced a 10.85 percent return per year for the past 10 years. That is a 280% gain over that period. Morningstar rated this fund four stars.

Janus Enterprise Fund symbol JAENX

The fund manager has only been with this fund for five years but the results have been good. Like the Wells Fargo Advantage Discovery this fund is no load and has an IRA minimum initial investment of 1000 dollars. This fund has similar returns as well 10.86 percent. The rating on this fund is four stars as well from Morningstar.

Delafield Fund symbol DEFIX

This is a great fund. Dennis Delafield has run this fund since 1993. The results have been impressive. This fund is up 11.67 percent per year over the last 10 years. Better still the minimum initial IRA investment is 250 dollars. Morningstar and I part ways on this fund as they give this fund a three star rating.

FMI Common Stock symbol FMIMX

My last recommendation in this hub is this fund. Ted D. Kellner has run this fund since 1981. Morningstar gives this fund a five star rating. Up 10.64 percent per year over the last ten years the performance has been good. The minimum initial investment on this fund is 1000 dollars.

I think any of the funds listed in this hub would be good investments in your portfolio. Please develop an asset allocation that is right for you. If you invest wisely you money will grow faster. I will be writing other articles to cover other asset classes before the end of the year. I plan on developing a 2013 IRA portfolio which will be a hub with an aggressive asset allocation featuring the best of the best. 

Do you have any favorite Mid Cap funds?