Monetta Young Investor Growth Fund
MYIFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1776-a South Naperville Road Wheaton IL United States of America 60187-8133
- IPO Date
- Dec 14, 2006
- CIK
- 0000894240
- Website
- monetta.com
- Similar Companies
- Business
- Monetta Young Investor Growth Fund (MYIFX) is a U.S. large-cap growth mutual fund that seeks long-term capital appreciation through a hybrid passive-active investment strategy. The fund allocates approximately 50% of its assets to a passive component comprising exchange-traded funds (ETFs), including the SPDR S&P 500 ETF Trust and Vanguard S&P 500 ETF, which collectively track the S&P 500 Index; the remaining portion invests in an actively managed portfolio of 25-30 high-quality, large-capitalization growth stocks such as Amazon.com Inc., Alphabet Inc. Class C, Apple Inc., Microsoft Corp., JPMorgan Chase & Co., Costco Wholesale Corp., Mastercard Inc. Class A, Netflix Inc., NVIDIA Corp., and Meta Platforms Inc., selected based on technical factors like price momentum and relative strength, alongside fundamentals including revenue/earnings growth, management execution, balance sheet strength, and positive cash flows. It maintains low portfolio turnover at around 6%, a gross expense ratio of 1.65% (including acquired fund fees), no sales load, and total net assets of approximately $43 million as of late 2025, positioning it as a core portfolio building block for investors of all ages with broad U.S. equity market exposure. Managed by Monetta Financial Services, Inc., a boutique registered investment adviser founded in 1984 and headquartered in Wheaton, Illinois, the fund is part of the Monetta Family of Mutual Funds and operates exclusively within the United States, targeting individual and institutional investors seeking diversified large-cap growth exposure. Portfolio managers Robert S. Bacarella, founder with over 40 years at Monetta, and Robert J. Bacarella, CPA and vice president with 17 years of experience, oversee operations with a disciplined sell policy triggered by lowered guidance or thesis changes; both managers invest their own capital alongside shareholders. In April 2021, the fund underwent a significant rebranding from Monetta Core Growth Fund to its current name, Monetta Young Investor Growth Fund, accompanied by a reduction in the minimum initial investment from $100 to $25 (or $500 lump sum, with $25 monthly via automatic investment plan) to broaden accessibility, particularly for long-term savings goals like college funding. No major acquisitions, partnerships, funding rounds, or new product launches have been reported since inception on December 12, 2006, with the strategy maintaining continuity in its symbiotic passive-active approach and focus on S&P 500-aligned growth. The fund distributor is Quasar Distributors, LLC, with servicing through U.S. Bank Global Fund Services in Milwaukee, Wisconsin.