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Diversify With One of These Mid-Cap Equity Funds

These blend, value, and growth options can serve a valuable role in a diversified portfolio.

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Linda Abu Mushrefova: Mid-cap equity exposure is a great way to diversify a portfolio. Managers looking for stocks in the mid-cap space can identify companies that have grown large enough to exit the small-cap arena, suggesting that they are more established and often less risky than their small-cap counterparts, but still have runway for growth and can evolve into a large-cap name. Currently, the Russell Mid Cap Index benchmark has an average market cap of roughly $14 billion versus the Russell 2000 Index’s, a small-cap benchmark, $2 billion average, and the Russell 1000 Index’s, a large-cap bogy, $95 billion.

For mid-cap blend exposure, we like Gold-rated FMI Common Stock. A stable 10-person management team adopts a collaborative, high-conviction approach that has rewarded investors through strong stock-picking since CIO and longest-tenured manager Patrick English joined the squad in October 1997.

Linda Abu Mushrefova does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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