Fund Evaluator:
Marsico Growth (MGRIX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Marsico Growth Overview
Marsico Growth (MGRIX) is an actively managed U.S. Equity Large Growth fund. Marsico Investment Fund launched the fund in 1997.
The investment seeks long-term growth of capital. The fund invests primarily in the common stocks of large companies that are selected for their long-term growth potential. It will normally hold a core position of up to 50 common stocks. The investment adviser seeks to select stocks of high-quality companies with compelling long-term capital appreciation potential. The fundamental investment approach combines "top-down" macro-economic analysis and investment theme development with "bottom-up" company and security analysis to identify attractive opportunities.
About Marsico Growth (MGRIX)
There are 3 members of the management team with an average tenure of 13.63 years: Thomas Marsico (1997), Peter Marsico (2019), James Marsico (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Marsico Growth has 27 securities in its portfolio. The top 10 holdings constitute 60.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Marsico Growth is part of the Equity global asset class and is within the U.S. Equity fund group. Marsico Growth has 10.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 86.5%. There is 10.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Marsico Growth has 2.7% of the portfolio in cash.
Assets Under Management
The fund has $280 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MGRIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Marsico Growth expense ratio is high compared to funds in the Large Growth category. Marsico Growth has an expense ratio of 1.28%, which is 33% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Marsico Growth has a portfolio turnover rate of 117%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 54% for the Large Growth category.
Recently, in the month of July 2026, Marsico Growth returned -2.0%, which earned it a grade of B, as the Large Growth category had an average return of -3.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Marsico Growth has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Marsico Growth Grades
Year to date, the fund has returned 2.4%, 1.3 percentage points worse than the category, which translates into a grade of C. The fund has returned 5.8% over the past year (grade of D), 19.7% over the past three years (grade of B) and 8.1% per year over the past five years (grade of D) and 16.1% per year over the past 10 years (grade of B).
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MGRIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MGRIX Return (NAV) | -2.0% | -0.7% | 5.8% | 19.7% | 8.1% | 16.1% |
| MGRIX Grade | B | F | D | B | D | B |
| +/- Category | 1.1% | -2.4% | -3.3% | 1.6% | -0.5% | 0.7% |
| Large Growth Avg | -3.1% | 1.7% | 9.1% | 18.1% | 8.7% | 15.4% |
| MGRIX Tax Cost Ratio | na | na | 3.3% | 1.9% | 2.7% | 2.4% |
MGRIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MGRIX Return (NAV) | 2.4% | 12.5% | 36.8% | 47.4% | -36.4% | 15.1% | 57.1% | 33.1% | -0.8% | 31.1% | -5.1% |
| MGRIX Grade | C | D | A | A | D | F | A | C | C | B | F |
| +/- Category | -1.3% | -3.2% | 7.1% | 8.6% | -4.3% | -5.3% | 14.8% | -0.1% | -0.2% | 1.3% | -7.8% |
| Large Growth Avg | 3.7% | 15.7% | 29.7% | 38.9% | -32.1% | 20.4% | 42.3% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 16.4% |
| Total Risk Index: | 1.33 - Above Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 1.19 |
| R-Squared: | 90% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $378 Mil |
| Fund Total Assets: | $ 280 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 117% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 28.6 years | |||
| Average Tenure: 13.6 years | |||
| Managers (Year): Marsico Thomas (1997), Marsico Peter (2019), Marsico James (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 60.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.9% |
Portfolio Allocation |
|
| Domestic Stock: | 86.5% |
| Foreign Stock: | 10.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.7% |
Purchase Information
| Fund Family: | Marsico Investment Fund |
| Phone Number: | 888-860-8686 |
| Website: | www.marsicofunds.com |
| Status: | Open |
| Inception Date: | December 31, 1997 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.28% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Marsico Growth |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
