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Top Growth Equity Funds
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ShareToday we are featuring top-performing “Growth" equity mutual funds, which primarily invest in equity securities, focusing on long-term growth.
Investors can find such growth funds by checking out the entire list of the Zacks #1 Rank Growth Equity Funds.
5 Burgeoning Picks
Vanguard Capital Opportunity (VHCOX) was incepted in August 1995. This growth fund seeks long-term capital appreciation.
Companies with mid to small market capitalizations that show significant potential for earnings growth constitute the major investments of the fund. The fund advisor focuses on fundamental analysis and a long-term investment horizon when formulating the fund’s investment strategy. However, stocks may be dropped from the portfolio within a shorter time-frame if they are considered overvalued or other securities are more attractively priced. The growth fund invests in companies with strong industry positions, rising sales, superior return on equity, and talented management teams.
The growth fund has an expense ratio of 0.52% against a category average of 112.30%. As of September 2009, it has a portfolio turnover of 12% against a category average of 90%. The fund’s top holdings include Monsanto Co, Research In Motion Ltd and Amgen Inc. As of November 2009, the fund had outperformed its benchmark index for the 1-year, 3-year and 5-year periods.
Theo A. Kolokotrones has been lead manager of the growth fund since February 1998. Before founding PRIMECAP Management in 1983, Kolokotrones was Senior Vice President at Capital Research Company.
Fidelity Large Cap Stock (FLCSX) seeks long term capital growth. It was incepted in June 1995.
At least 80% of the fund’s assets are invested in companies with large market capitalizations as well as in those with market capitalizations similar to companies in the Russell 1000 Index or the S&P 500. The growth fund invests in both domestic and foreign companies and may also invest in growth or value stocks.
This growth fund has an expense ratio of 0.84% against a category average of 1.33%. As of December 2009, it has a portfolio turnover of 159% against a category average of 112%. The fund’s top holdings include JP Morgan Chase, Cisco Systems and Wells Fargo. As of November 2009, the fund had outperformed its benchmark index for the 1-year, 3-year and 5-year periods.
Matthew W. Fruhan has been lead manager of this growth fund since May 2005. Fruhan has been with Fidelity Investments since 1995.
Calamos Growth A (CVGRX) seeks long-term capital appreciation. It was incepted in September 1990.
Companies that offer above-average potential for earnings growth constitute the majority investments of this growth fund. Highly disciplined institutional management strategies that emphasize in-depth proprietary analysis of the securities and their issuing companies are used by the growth fund when selecting stocks. The fund also looks to diversify across companies with a wide range of market capitalizations as well as those in different sectors.
The growth fund has an expense ratio of 1.22% against a category average of 1.33%. As of December 2009, it has a portfolio turnover of 52% against a category average of 112%. The fund’s top holdings include Google Inc, Apple Inc and Amazon.com. As of November 2009, the fund had outperformed its benchmark index for the 1-year and 3-year periods and recorded comparatively lower returns for the 5-year period.
John P. Calamos, Sr. has been lead manager of the fund since September 1990. Calamos is renowned as a pioneer in risk management and is the founder of Calamos Asset Management.
Ariel Appreciation Fund (CAAPX) seeks long-term capital appreciation. It was incepted in December 1989.
A majority of the growth fund’s assets are invested in medium-sized companies with market capitalizations between $1 billion and $10 billion at the time of investment. The fund looks to buy securities of undervalued companies that do not receive requisite attention from institutional investors and analysts.
The growth fund has an expense ratio of 1.19% against a category average of 1.38%. As of September 2009, it has a portfolio turnover of 44% against a category average of 90%. The fund’s top holdings include Gannett, Hewitt Associates and IMS Health Inc. As of November 2009, the fund had outperformed its benchmark index for the 1-year, 3-year and 5-year periods.
John W. Rogers, Jr. has been lead manager of the fund since September 2002. Rogers founded Ariel Capital in 1983 and has more than 20 years of experience managing portfolios and analyzing investments.
Aegis Value (AVALX) seeks seek long-term capital growth by investing in small-cap value equities. It was incepted in May 1998.
This growth fund normally invests in securities that trade at significant discounts to the market using such measures as price to book value, price to cash flow, and price to revenues. The fund’s managers may take a temporary defensive position when the markets are experiencing excessive volatility or a prolonged general decline. If such a situation arises, the fund may find it difficult pursue its investment goals, because it may not invest in companies that are undervalued.
The growth fund has an expense ratio of 1.50% against a category average of 1.52%. As of August 2009, it has a portfolio turnover of 31% against a category average of 86%. The fund’s top holdings include Dana Holding, Alliance One International and Horsehead Holding Corp. As of November 2009, the fund had outperformed its benchmark index for the 1-year period and recorded comparatively lower returns for the 3-year and 5-year periods.
Scott L. Barbee has been lead manager of the fund since May 1998. Barbee is a Chartered Financial Analyst and was with investment management boutique Donald Smith & Company before taking up his current assignment.
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 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 VHCOX
Read the full analyst report on FLCSX
Read the full analyst report on CVGRX
Read the full analyst report on CAAPX
Read the full analyst report on AVALX
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| Market Summary | Feb 10, 2012 06:50 am ET |
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