Marsico FocusMFOCX

Morningstar Rating

Fund Research and Analysis

by John Coumarianos

Stick with Marsico Focus.

This fund hasn't given investors much reason to cheer lately, but it's proven a fine large-growth holding over the longer haul. While stumbling with bottom-half category performances in 2008 and again for nearly the first 10 months of 2009, manager Tom Marsico has delivered a 0. Read more

Kudos

Over his career, manager Tom Marsico has built one of the best records of any large-growth manager.

This fund's returns since inception beat the category average by a country mile.

Tom Marsico, together with the firm's entire staff, recently bought back the fund's investment advisor from Bank of America. Read more

Risks

Marsico Capital Management is running a large amount of money in this style, which makes the concentrated fund less nimble than it looks and could present trading challenges at times.

The fund's concentrated portfolio of roughly 25 names makes it vulnerable to weakness in just a few stocks. Read more

Strategy

Manager Tom Marsico combines top-down analysis with bottom-up stock-picking. He fills the bulk of the portfolio with steady-growth stocks that he intends to hold for the long haul, but he has owned more-explosive growth names. Read more

Management

Tom Marsico started his own investment-management shop in 1997, after several years at two other growth-oriented shops, Fred Alger Management and Janus Capital. Marsico has a staff of 16 analysts and five traders. Two other portfolio managers at Marsico Capital Management also chip in. Read more

Inside Scoop

Although Tom Marsico is known best for picking classic-growth stocks, he also often includes a few beaten-down names and others that fall outside traditional growth areas. Read more

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