Frequently Asked Questions

Marsico Focus Fund: MFOCX
Marsico Growth Fund: MGRIX
Marsico 21st Century Fund: MXXIX
Marsico International Opportunities Fund: MIOFX
Marsico Global Fund: MGLBX

Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully before investing.

Each of the Marsico Funds seeks long-term growth of capital as a primary goal, and follows an investment selection process that emphasizes creative idea generation combining "top-down" macroeconomic analysis and "bottom-up" company and security analysis. All of the Funds are designed for investors looking for investments that may offer long-term capital growth as part of an overall portfolio strategy.

Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully before investing. Among other significant differences, the Focus Fund is a non-diversified fund that may be more concentrated than the other five Funds, and is permitted to invest in fewer securities than the other Funds. The Focus Fund will normally hold a core position of between 20 and 35 common stocks, while other Funds may hold a higher number of securities or other investments. In addition, the Focus Fund and the Growth Fund invest primarily in the common stocks of large companies, while the 21st Century Fund, International Opportunities Fund, and Global Fund may invest in companies of all sizes. Under current market conditions the portfolio manager for the 21st Century Fund expects to invest substantially in medium-capitalization companies (which typically may include companies of sizes similar to those found in the Russell Midcap Index). Also, while all of the Funds may invest in foreign securities, the International Opportunities Fund and the Global Fund generally are committed to maintaining substantial percentages of their assets in foreign securities. Seeking current income also may be a consideration for all of the Funds. Other significant differences among the Funds are discussed in the summary of the Funds’ investment objectives and in the prospectus.

The Marsico Funds are currently available through Charles Schwab & Co., National Financial Services Corp. and Fidelity Investments, Pershing LLC, TD Ameritrade, Great West Financial Services, E*Trade, LPL Financial, Merrill Lynch, Vanguard Brokerage Services, and other fund platforms.

We do not expect to close the Marsico Funds to new investors at a predetermined dollar amount. However, if it were in the interest of the Funds' existing shareholders, Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, would close one or more of the Funds.

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, utilizes an approach that combines "top-down" macroeconomic analysis with "bottom-up" company and security analysis. Please see Approach & Process for details.

The Focus Fund and the Growth Fund invest primarily in the common stocks of large companies (which typically may include companies of sizes similar to those found in the S&P 500 Index) that Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, believes have long-term growth potential. The 21st Century Fund, International Opportunities Fund, and Global Fund may invest in companies of all sizes. Under current market conditions the portfolio manager for the 21st Century Fund expects to invest substantially in medium-capitalization companies (which typically may include companies of sizes similar to those found in the Russell Midcap Index). Each of the Funds may invest in the securities of companies based in or otherwise economically tied to foreign countries, and the International Opportunities Fund and the Global Fund generally are committed to maintaining substantial percentages of their assets in such foreign securities. Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully for more details about the types of securities that the Funds may hold.

For a list of securities recently held by each of the Marsico Funds, please see:

• Focus Fund Portfolio Holdings
• Growth Fund Portfolio Holdings
• 21st Century Fund Portfolio Holdings
• International Opportunities Fund Portfolio Holdings
• Global Fund Portfolio Holdings

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, may reduce or sell a Fund’s investments in portfolio securities if, in the opinion of the investment adviser, a security’s fundamentals change substantially, its price appreciation leads to overvaluation in relation to the investment adviser’s estimates of future earnings and cash flow growth, or for other reasons.

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, has entered into a written expense limitation and fee waiver agreement under which it has agreed to limit the total expenses of each Fund (excluding taxes, interest, acquired fund fees and expenses, litigation, extraordinary expenses, and brokerage and other transaction expenses relating to the purchase or sale of portfolio investments). For current expense ratios for each Fund and more information about the expense limitation and fee waiver agreement, please see the following description for each Fund:

• Focus Fund Overview
• Growth Fund Overview 
• 21st Century Fund Overview
• International Opportunities Fund Overview 
• Global Fund Overview 

Portfolio turnover rates can be greatly affected by market conditions, may vary over time, and are difficult to predict. Portfolio turnover increases transaction-related expenses and could reduce Fund returns.

For the twelve months ended September 30, 2018, the Focus Fund's turnover rate was 53%, the Growth Fund's turnover rate was 40%, the 21st Century Fund's turnover rate was 90%, the International Opportunities Fund's turnover rate was 33%, and the Global Fund's turnover rate was 89%.

Available dividends and capital gains are generally distributed every December. Please see Distribution Information 

As of November 30, 2018, MCM had approximately $2.98 billion in assets under management, including approximately $1.36 billion in the Funds.

Tom Marsico is the founder, Chief Executive Officer, and Chief Investment Officer of Marsico Capital Management, LLC, which has served as the investment adviser to the Marsico Funds since 1997. Tom sets Marsico Capital's overall research and investment strategy. He is the portfolio manager of the Marsico Focus Fund and the Marsico Growth Fund. He serves as co-manager of the Marsico Global Fund with Brandon Geisler and Robert Susman, and also serves as the co-manager of the Marsico International Opportunities Fund with Robert Susman. He has over 35 years of experience in the investment management field as a securities analyst and a portfolio manager. Tom's extensive background in rigorous securities analysis led him to recruit and train Marsico Capital’s multitalented investment team. He is a graduate of the University of Colorado and holds an MBA from the University of Denver.

Please see Our People to learn more about Tom Marsico and his team.