Which Top Small-Cap Mutual Funds Accept New Investors? Why a table of 13 funds? That's a pretty odd number, not to mention unlucky.
Should Triton be on the list, or should one follow the managers (to Meridian Growth and Small Cap Growth funds)? And since they listed Triton, how about listing Janus Venture, formerly managed by the same team of Meade/Schaub (though its 10 year performance is about 0.10% below the bottom of the 13 fund list)?
Note - the Meridian funds have not done well since the managers moved there.
In the same performance ballpark as Venture one finds Wasatch Micro Cap Value (WAMVX) - it's open and its average market cap is smaller than any of the other funds on the list.
Speaking of microcaps, where's Driehaus Micro Cap Growth (DMCRX), whose 10 year performance would rank #2, just behind Lord Abbett Micro Cap Growth (and just ahead of Triton)? It's open, has a $10K min, and is available NTF at a few brokerages.
Getting back to the tail end of the table, another fund that just misses the cutoff is Lord Abbett Alpha Strategies I. Mortals can't buy that ($1M min), but the A shares (ALFAX) are available load-waived at various brokerages. Since it's a fund of funds, it's a way to buy into Lord Abbett Micro Cap Growth I, which is at the top of the list.
Maybe if IBD increased the size of its list to 17, we'd have more good options. That might work for Fox News, too :-)
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Which Top Small-Cap Mutual Funds Accept New Investors? I added HDPSX about a year ago, holds less than 100 stocks. Although it has grown to $2B in assets, still has 75% in microcap and small cap stocks. Can be volatile, as many small cap funds are, with higher than average standard deviation, but its return compensates for this increased volatility. Initial purchase 1k. open to all investors.