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Frequently Asked Questions

Frequently Asked Questions

Here are some of the most commonly asked questions about the Marsico Funds:

Marsico Focus Fund: MFOCX
Marsico Growth Fund: MGRIX
Marsico 21st Century Fund: MXXIX
Marsico International Opportunities Fund: MIOFX
Marsico Flexible Capital Fund: MFCFX
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, Flexible Capital 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, particularly the Flexible Capital Fund. 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" security selection. 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, Flexible Capital 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:


All security holdings of each of the Funds are released approximately thirty days after the end of each month. Portfolio composition is subject to change at any time.

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 interest, taxes, 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:

Portfolio turnover rates can be greatly affected by market conditions, may vary over time, and are difficult to predict. The portfolio turnover rates for the International Opportunities Fund may at times be greater than those for certain other funds due to the investment style of the Fund, and may vary over time because turnover rates for relatively concentrated growth portfolios may be substantially impacted by market conditions. Portfolio turnover increases transaction-related expenses and could reduce Fund returns.

For the twelve months ended September 30, 2017, the Focus Fund's turnover rate was 67%, the Growth Fund's turnover rate was 50%, the 21st Century Fund's turnover rate was 28%, the International Opportunities Fund's turnover rate was 108%, the Flexible Capital Fund's turnover rate was 20%, and the Global Fund's turnover rate was 79%.

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

As of November 30, 2017, MCM had approximately $3.09 billion in assets under management, including approximately $1.45 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, the Marsico Growth Fund and the Marsico Global Fund and 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.

Have Additional Questions?

We'd be happy to answer any additional questions you may have. For assistance, you can call us toll-free at 888.860.8686, or you may also email us.


Please consider the Fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, click here or call 888-860-8686. Please read the prospectus carefully before investing.

Investments in mutual funds carry risks and investors may lose principal value. Click here for the principal risks of investing in the Funds. Please read the prospectus carefully before investing as it explains the risks associated with investing in the mutual funds.

The International Opportunities Fund may, at times, experience higher-than-average portfolio turnover which may generate significant taxable gains and increased trading expenses which in turn may lower the Fund’s return.

The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Recent performance may have been negative.

UMB Distribution Services, LLC, is the distributor of The Marsico Investment Fund. Check the background of UMB Distribution Services on FINRA's BrokerCheck.


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