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3 Top-Notch--and Still Open--Small Growth Funds

These Morningstar Medalists from Vanguard, T. Rowe Price, and Wasatch are still accepting dollars from new investors.

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Susan Dziubinski: Hi, I'm Susan Dziubinski from Morningstar.com. Funds in the small-cap growth category are among the best performers this year. Perhaps, not surprisingly, the category has enjoyed decent net inflows this year, too. In an effort to preserve their focus, small-cap funds sometimes close to new investors. Here are a trio of Morningstar Medalists in the small-growth category that are still open.

Alex Bryan: Vanguard Small Cap Growth Index is one of the cheapest and best diversified funds in the Morningstar small growth category. This fund basically owns the faster growing half of the U.S. small-cap market and that brings in more than 600 stocks. Like a lot of its peers, it tends to favor the technology and healthcare sectors, but it effectively keeps risk in check through it's broad diversification, and its low expense ratio gives it a durable edge against its competitors. It charges a low expense ratio of 7 basis points, and that's helped it beat the category average by about 85 basis points annually over the past 10 years. Broad diversification and a low fee should continue to give this fund an edge going forward.

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