4 / 5 Stars
5 5 4 1 1
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#53 in Mid-Cap Growth
U.S. News evaluated 217 Mid-Cap Growth 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 30.51 percent over the past year, 16.05 percent over the past three years, 20.83 percent over the past five years, and 11.46 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||25.5%|
|3 Years (Annualized)||16.1%|
|5 Years (Annualized)||20.8%|
|10 Years (Annualized)||11.5%|
The investment seeks growth of capital. The fund invests primarily in common stocks of mid cap companies that Waddell & Reed Investment Management Company (WRIMCO), the fund's investment manager, believes offer above-average growth potential. Mid cap companies typically are companies with market capitalizations within the range of companies in the Russell Midcap Growth Index at the time of acquisition.
Fees are Low compared to funds in the same category.
Waddell & Reed Advisor New Concepts Fund has an expense ratio of 1.41 percent.
Risk is Average compared to funds in the same category according to Morningstar.