4 / 5 Stars
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Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#29 in Mid-Cap Blend
U.S. News evaluated 140 Mid-Cap Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 21.33 percent over the past year, 13.48 percent over the past three years, 22.63 percent over the past five years, and 9.42 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-2.1%|
|3 Years (Annualized)||13.5%|
|5 Years (Annualized)||22.6%|
|10 Years (Annualized)||9.4%|
The Dreyfus Mid Cap Index Fund gives investors passive exposure to a popular segment of the market.
As of February 05, 2014, the fund has assets totaling almost $3.48 billion invested in 405 different holdings. Its portfolio consists of mid-cap stocks.
This fund uses a passive, or indexing, strategy to mirror the returns of the S&P MidCap 400 Index. This index is comprised of 400 companies whose market capitalizations, at the moment, range from $850 million to $3.8 billion. In 2009, mid-caps enjoyed a heated rally, outperforming the broader market as the economy showed signs of improvement. This fund was no exception, as it gained upward of 37 percent last year and The fund has returned 21.33 percent over the past year and 13.48 percent over the past three years.
Historically, this fund has stayed close to the middle of the pack in any given year. Over time, its expense ratio has held it back a bit. Says Morningstar: "Granted, its 0.50% levy is much lower than that of actively managed no-load peers, but several passively managed rivals charge less than half as much, as do some mid-cap exchange-traded funds before brokerage fees are taken into account. Unfortunately, the advisor has not passed on economies of scale by lowering fees as the fund's assets have ballooned over the past decade." The fund has returned 22.63 percent over the past five years and 9.42 percent over the past decade.
The fund invests in the companies that comprise the S&P MidCap 400 Index. By market cap, these companies represent upward of 7 percent of the U.S. stock market. Currently, companies in the index have market caps that range from $850 million to $3.8 billion. The fund uses passive management to replicate the returns of the index.
Role in Portfolio
Morningstar calls the fund a "supporting player."
Thomas Durante, Richard Brown, and Karen Wong manage the fund.
Dreyfus Mid Cap Index Fund has an expense ratio of 0.50 percent.
Like all stock funds, this one comes with some risks.