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Top Growth Mutual Funds
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ShareMutual funds with the objective of "growth" seek long-term growth by investing in common stocks. These growth oriented funds also often look for income as a secondary objective.
Investors can find such funds by checking out the Zacks #1 Rank Growth Mutual Funds list.
3 Solid Picks
Paradigm Capital Appreciation (PVCAX) seeks long-term capital appreciation, investing mainly in common stocks of mid-cap companies. The fund may invest in exchange traded funds (ETFs) that invest in mid capitalization companies when investment opportunities are limited, pending selection of individual securities, or for temporary purposes.
The fund's top 10 holdings include Helmerich & Payne, Inc. (HP), Joy global (JOYG) and Life Technologies Corporation (LIFE). PVCAX's turnover ratio is 40%. The fund's largest allocation is in the Techonology sector, followed by the Industrial Sector and Health sectors.
Morris Ajzenman, CFA and Senior Vice President, is the portfolio manager of the Capital Appreciation Fund. Previously, Ajzenman was employed by Punk, Ziegel & Company, where he was a senior portfolio manager and analyst. Prior to that, he was a senior portfolio manager and analyst for Lazard Asset Management.
Reynolds Blue Chip Growth Fund (RBCGX) has the objective of long-term capital appreciation and, to a lesser extent, current income. The fund invests in domestic common stocks, primarily blue chips. In seeking to achieve its secondary objective of current income, the fund invests in dividend-paying common stocks. Dividends and capital gains are distributed annually.
The fund is managed by the sole proprietor of Reynolds Capital Management, Frederick L. Reynolds, since Aug 88. Reynolds' previous positions included being a general partner with Robertson, Coleman and Siebel Montgomery Securities as well as a portfolio manager and analyst with American Express.
Individuals can purchase shares of this fund with a minimum initial investment of $1000. Subsequent minimum investments are $100.
Nakoma Absolute Return's (NARFX) objective is to provide positive absolute returns with low volatility independent of market conditions. NARFX seeks to achieve its objective by selecting investments intended to provide protection of capital in declining stock and bond markets and to participate in appreciating stock and bond markets. The fund holds mostly U.S. equity securities, taking long positions in companies, of which portfolio management believes operating results will exceed expectations and establishing short positions in companies that management believes will disappoint or as hedged offsets to long positions.
The young fund has outperformed the S&P 500 over the 1-year period. Nakoma Absolute Return's inception date is December 18, 2006.
The fund has been managed by Mark Fedenia since inception. Fedenia has 27 years of experience under his belt, including the role Senior Managing Director of Nakoma Asset Management LLC.
Among NARFX's top 10 holdings are Kraft Foods (KFT), Apollo Group (APOL) and Abbot Laboratories (ABT). The fund has a turnover ratio of 154%.
The minimum initial investment is $1000, while subsequent purchases can be made in the amount of $100 or more.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.
Read the full analyst report on NARFX
Read the full analyst report on PVCAX
Read the full analyst report on RBCGX
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| Market Summary | Feb 10, 2012 08:00 am ET |