Fund Evaluator:
Marsico Midcap Growth Focus Fund (MXXIX)
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Best Performing in Mid-Cap Growth Over the Last Year
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Fund Details
Marsico Midcap Growth Focus Fund Overview
Marsico Midcap Growth Focus Fund (MXXIX) is an actively managed U.S. Equity Mid-Cap Growth fund. Marsico Investment Fund launched the fund in 2000.
The investment seeks long-term growth of capital. The fund invests primarily in common stocks that are selected for their long-term growth potential. Under normal circumstances, it will invest at least 80% of the value of its assets in medium-capitalization (or “midcap”) growth companies. 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 Midcap Growth Focus Fund (MXXIX)
There are 3 members of the management team with an average tenure of 3.86 years: Thomas Marsico (2022), Peter Marsico (2022), James Marsico (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell Mid Cap Growth TR USD index with a weighting of 100%. Marsico Midcap Growth Focus Fund has 39 securities in its portfolio. The top 10 holdings constitute 41.3% 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 Midcap Growth Focus Fund is part of the Equity global asset class and is within the U.S. Equity fund group. Marsico Midcap Growth Focus Fund has 10.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 79.6%. There is 10.4% 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 Midcap Growth Focus Fund has 9.9% of the portfolio in cash.
Assets Under Management
The fund has $537 million in total assets, which is below the $686 million average for the Mid-Cap 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.
MXXIX 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 Midcap Growth Focus Fund expense ratio is high compared to funds in the Mid-Cap Growth category. Marsico Midcap Growth Focus Fund has an expense ratio of 1.31%, which is 20% 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 Midcap Growth Focus Fund has a portfolio turnover rate of 106%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 76% for the Mid-Cap Growth category.
Recently, in the month of June 2026, Marsico Midcap Growth Focus Fund returned 6.1%, which earned it a grade of A, as the Mid-Cap Growth category had an average return of 3.7%. 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 Midcap Growth Focus Fund has a trailing yield of 0.00%, which is below the 0.03% category average.
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 Midcap Growth Focus Fund Grades
Year to date, the fund has returned 20.8%, 9.0 percentage points better than the category, which translates into a grade of A. The fund has returned 26.9% over the past year (grade of A), 30.3% over the past three years (grade of A) and 12.1% per year over the past five years (grade of A) and 17.1% per year over the past 10 years (grade of A).
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MXXIX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MXXIX Return (NAV) | 6.1% | 21.4% | 26.9% | 30.3% | 12.1% | 17.1% |
| MXXIX Grade | A | A | A | A | A | A |
| +/- Category | 2.4% | 4.3% | 13.7% | 16.8% | 8.1% | 5.1% |
| Mid-Cap Growth Avg | 3.7% | 17.1% | 13.2% | 13.6% | 3.9% | 12.0% |
| MXXIX Tax Cost Ratio | na | na | 2.7% | 1.3% | 1.4% | 1.1% |
MXXIX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MXXIX Return (NAV) | 20.8% | 25.9% | 36.3% | 21.7% | -31.8% | 11.9% | 45.3% | 29.9% | 1.8% | 30.0% | -1.9% |
| MXXIX Grade | A | A | A | C | D | C | B | F | A | A | F |
| +/- Category | 9.0% | 20.0% | 19.1% | 1.0% | -3.8% | -0.5% | 5.0% | -4.1% | 6.5% | 4.7% | -7.2% |
| Mid-Cap Growth Avg | 11.8% | 5.9% | 17.2% | 20.7% | -28.0% | 12.4% | 40.3% | 34.0% | -4.6% | 25.3% | 5.3% |
| Risk Measures | |
| Standard Deviation: | 18.4% |
| Total Risk Index: | 1.51 - High |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (59% Rank) |
| Beta: | 1.16 |
| R-Squared: | 68% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | |
| Cap Gains Distribution: | |
| Total Assets: | $939 Mil |
| Fund Total Assets: | $ 537 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 106% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.0 years | |||
| Average Tenure: 3.9 years | |||
| Managers (Year): Marsico Thomas (2022), Marsico Peter (2022), Marsico James (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 41.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.4% |
Portfolio Allocation |
|
| Domestic Stock: | 79.6% |
| Foreign Stock: | 10.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 9.9% |
Purchase Information
| Fund Family: | Marsico Investment Fund |
| Phone Number: | 888-860-8686 |
| Website: | www.marsicofunds.com |
| Status: | Open |
| Inception Date: | February 1, 2000 |
| 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 (%): | 1.31% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.09% |
| Share Class: | Marsico Midcap Growth Focus Fund |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
