These funds own shares of companies not quite big enough to be in the S&P 500.
Do you need to boost your exposure to medium-sized companies like Domino’s Pizza and FactSet Research Systems? An affordable way to do that is via the SPDR Portfolio Mid Cap ETF (SPMD). Projected money management cost on a $10,000 position held for a decade: $32.
That bargain appears on our Honor Roll of cheap, liquid ETFs. Another mid-cap fund on the select list is Vanguard Extended Market (VXF). This fund owns 3,260 stocks, more or less everything that can be easily bought and is not in the S&P 500 index. (Enough of VXF’s money is in medium-sized companies to classify it here, not with small-cap funds.)
VXF’s ten-year cost is -$39, a reflection of the fact that Vanguard brings in money by lending out the shares of controversial companies to short-sellers. In other words, having Vanguard manage your money is cheaper than doing it yourself, unless you have a few billion dollars on hand and have set up your own securities lending department.
The Mid-Cap collection is divided into three tables, for diversified, growth and value portfolios.
For an explanation of our rankings and a directory of fund categories, turn to Forbes Best ETFs.
*Honor Roll member. For the full list, turn to Best ETFs Honor Roll.
For a searchable directory of fund names and tickers, use the ETF Directory.
