3 Macquarie Mutual Funds for Growth-Oriented Portfolio

Macquarie Asset Management, a division of Macquarie Group, offers a diverse range of mutual funds to institutional and retail investors. On June 30, 2024, Macquarie had approximately A$916.81 billion of assets under its management. Macquarie mutual funds offer investment in real assets, real estate, credit, equities and multi-asset strategies.Macquarie incorporates environmental, social and governance (ESG) factors into its investment analysis. With its presence in 34 markets globally, Macquarie emphasizes innovation and client-centric investment strategies to achieve sustainable returns in a dynamic market environment. All these factors make Macquarie an attractive investment option.We have chosen three Macquarie mutual funds — Macquarie Floating Rate DDFAX, Macquarie Climate Solutions IENRX and Macquarie Smid Cap Core Fund IYSMX — that investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.Macquarie Floating Rate fundinvests most of its assets and borrowings in floating-rate loans and floating-rate debt securities. DDFAX advisors assess economic and market conditions to decide how to distribute the fund's assets among various types of securities.John P. McCarthy has been the lead manager of DDFAX since Jan. 31, 2017. Most of the fund's holdings were in companies like Applied Systems second-lien (1.7%), Consolidated Communications Tranche (1.6%) and Hamilton Projects Acquiror LLC. (1.5%) as of Oct. 31, 2024.DDFAX's 3-year and 5-year returns are 6.6% and 5.3%, respectively. The annual expense ratio is 0.93%. DDFAX has a Zacks Mutual Fund Rank #1.To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.Macquarie Climate Solutions fund invests in U.S. and non-U.S. securities, including emerging markets, focusing on equity and related instruments across all market capitalizations.Samuel L. Halpert has been the lead manager of IENRX since Nov. 15, 2021. Most of the fund's holdings were in companies like First Solar, Inc. (4.2%), Cummins Inc. (4.2%) and Alcoa Corporation (4.2%) as of Sept. 30, 2024.IENRX’s 3-year and 5-year annualized returns are 6.8% and 6.6%, respectively. IENRX has a Zacks Mutual Fund Rank #1. Its net expense ratio is 1.13%.Macquarie Smid Cap Core Fund invests most of its assets in common stocks of small- and mid-capitalization companies. Christopher S. Adams has been the lead manager of IYSMX since Nov. 15, 2021. Most of the fund's holdings were in companies like East West Bancorp, Inc. (1.6%), Chesapeake Energy Corp. (1.5%) and Boise Cascade Co. (1.4%) as of Sept. 30, 2024.IYSMX’s 3-year and 5-year annualized returns are 8.4% and 9.1%, respectively. IYSMX has a Zacks Mutual Fund Rank #2. Its net expense ratio is 1.39%.Want key mutual fund info delivered straight to your inbox?Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (IENRX): Fund Analysis Report Get Your Free (IYSMX): Fund Analysis Report Get Your Free (DDFAX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks