Congress Mid Cap Growth Fund Institutional Class

Frequently Asked Questions About IMIDX

What does IMIDX invest in?

This fund commits a significant portion, at least 80%, of its net assets (inclusive of any borrowed funds for investment) to purchasing equity securities of medium-sized companies. It primarily seeks to invest in publicly traded stocks of U.S.-based corporations that the Advisor has identified as possessing a mid-range market capitalization. The Advisor defines these "mid-capitalization" companies by comparing their market value, at the point of purchase, to that of firms listed within the Russell Midcap Growth® Index.

What is the expense ratio of IMIDX?

Congress Mid Cap Growth Fund Institutional Class (IMIDX) charges an expense ratio of 0.82%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IMIDX?

Congress Mid Cap Growth Fund Institutional Class (IMIDX) is one share class of a fund that manages $588.0M across all of its share classes (CMIDX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is IMIDX actively managed or an index fund?

IMIDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (IMIDX's is 0.82%) in exchange for the discretion to over- or under-weight positions.

When was IMIDX launched?

Congress Mid Cap Growth Fund Institutional Class (IMIDX) launched in November 2012 and is managed by the fund issuer.

How has IMIDX performed?

IMIDX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.