Latest news with #Marsico
Yahoo
23-05-2025
- Business
- Yahoo
Is Marsico MidCap Growth Focus (MXXIX) a Strong Mutual Fund Pick Right Now?
Having trouble finding a Large Cap Growth fund? Marsico MidCap Growth Focus (MXXIX) is a potential starting point. MXXIX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance. MXXIX is classified in the Large Cap Growth segment by Zacks, an area full of possibilities. Companies are usually considered to be large-cap if their stock market valuation is more than $10 billion. Large Cap Growth mutual funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. Marsico is responsible for MXXIX, and the company is based out of Denver, CO. Marsico MidCap Growth Focus made its debut in February of 2000, and since then, MXXIX has accumulated about $330.65 million in assets, per the most up-to-date date available. The fund's current manager is a team of investment professionals. Obviously, what investors are looking for in these funds is strong performance relative to their peers. MXXIX has a 5-year annualized total return of 15.1% and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 15.44%, which places it in the top third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, MXXIX's standard deviation comes in at 20.56%, compared to the category average of 17.98%. The fund's standard deviation over the past 5 years is 20.76% compared to the category average of 19.12%. This makes the fund more volatile than its peers over the past half-decade. Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. MXXIX has a 5-year beta of 1.1, which means it is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. MXXIX's 5-year performance has produced a negative alpha of -1.02, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns. For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, MXXIX is a no load fund. It has an expense ratio of 1.40% compared to the category average of 1%. Looking at the fund from a cost perspective, MXXIX is actually more expensive than its peers. Investors need to be aware that with this product, the minimum initial investment is $2,500; each subsequent investment needs to be at least $100. Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included. Overall, even with its comparatively strong performance, average downside risk, and higher fees, Marsico MidCap Growth Focus ( MXXIX ) has a high Zacks Mutual Fund rank, and therefore looks a good potential choice for investors right now. Don't stop here for your research on Large Cap Growth funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out for more information about the world of funds, and feel free to compare MXXIX to its peers as well for additional information. If you want to check out our stock reports as well, make sure to go to to see all of the great tools we have to offer, including our time-tested Zacks Rank. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MXXIX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
12-04-2025
- Business
- Yahoo
Inside look: Check out this new indoor pickleball facility in Rancho Cordova
Inside Look is a Sacramento Bee series where we take readers behind the scenes at restaurants, new businesses, local landmarks and news stories. A new indoor pickleball facility debuts in Rancho Cordova this weekend, marking The Picklr franchise's first California location. The Utah-based Picklr brand has grown to more than 70 clubs nationwide. Its latest venue occupies a 30,000-square-foot former warehouse at 11135 Trade Center Drive, adjacent to Pickup USA, an indoor basketball gym. A second Picklr location in California is planned for Vista, near San Diego, according to the company's website. 'We're gonna have food trucks, vendors, a DJ, raffle prizes, and on Saturday, anyone can come and play,' assistant club coordinator Britany Marsico said. 'Even if you're not a member, and you're on the fence about being a member, you can come and play and check it out.' The Rancho Cordova facility will operate daily from 6 a.m. to 11 p.m., Marsico said. Saturday's grand opening event is from 11 a.m. to 4 p.m. Pickleball combines elements of tennis, badminton and ping-pong. It is played with paddles and perforated plastic balls on a smaller court. The Picklr is offering a promotional membership at $159 per month during its opening day, increasing to $169 starting Sunday. Non-members can participate in clinics for $15, open play and competitive events for $25, AI coaching for $30, tournaments for $60, hourly court reservations for $80, and Picklr leagues for $120, an eight-week option for $15 per week. Laura Fickle, economic development manager for the city of Rancho Cordova, welcomed the addition of the facility, saying it adds to the city's growing recreational landscape. 'The more amenities we can bring to the city that give our constituents and people throughout the region opportunities to play and recreate and have fun and lead healthy lives, the better,' Fickle said. Rancho Cordova, incorporated 22 years ago, has a population of nearly 83,000. Fickle said the new facility supports local job growth and builds on the city's reputation for diverse sports offerings. 'We have indoor soccer, volleyball, basketball, and a ton of training facilities,' she said. 'It just speaks to our diversity as a community to be able to accommodate these kinds of uses. Having this space available for this kind of use was serendipitous. I mean, it really was. And the owners saw the vision too, which is really important to us.' Co-owners Manish Kapadia and Eunice Lee expressed excitement about opening the facility to the public. 'We're really excited to be here and to draw other people from other surrounding areas here too,' Lee said. 'We are really appreciative of our cooperation. We also are really grateful for our staff, our front desk coordinators and our instructors.' Kapadia also emphasized community support. 'We just want to be able to provide that experience and that energy and really foster the community of pickleball at the Picklr,' Marsico said. 'For Rancho, I really feel like this is just a great opportunity to bring the community together.' Marsico added that they want people to 'come try it out.' 'We want people to experience and it doesn't necessarily need to be for people who have been playing for a long time,' she said. 'We want the Rancho community to come here and play.'
