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Top 5 Growth Funds
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ShareInvestors willing to forgo current income for capital appreciation would do well to consider growth funds. These funds focus on reaping the maximum possible capital gains by investing in stocks of companies whose value is projected to increase appreciably over time. Tolerance for a reasonable amount of risk and a long-term approach to investing is required in this case. However, the risk involved is much lower when compared to sector funds and may be reduced further by funds with a conservative approach.
Below we will share with you 5 top rated growth funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all growth funds, then click here.
Needham Growth (NEEGX) seeks long term capital growth. It invests at least 65% of its assets in domestic equity securities. It focuses on sectors such as technology, healthcare, specialty retailing, media and business and consumer services. The fund returned 69.36% in the last one year period and has a five year annualized return of 4.59%.
The growth fund has a minimum initial investment of $5,000 and an expense ratio of 2.00% compared to a category average of 1.47%.
Fidelity Large Cap Stock (FLCSX) invests the majority of its assets in common stocks of large cap companies. The firms invested in must have market capitalizations similar to those included in the Russell 1000 index or the S&P 500 Index. The fund may purchase both domestic and foreign securities. It is a no load fund
The fund returned 80.85% in the last one year period
Longleaf Partners (LLPFX) seeks long-term capital appreciation. It primarily invests in a limited number of large and mid-cap companies. Up to 30% of its assets are used to purchase foreign securities and 15% are invested in illiquid or non-registered securities. The growth fund returned 71.31% in the last one year period and has a ten year annualized return of 6.77%.
As of December 2009, this growth fund held 21 issues, with 12.03% of its total assets invested in The DIRECTV Group, Inc.
Masters’ Select Focused Opportunities (MSFOX) invests heavily in large and mid-cap domestic companies. The fund may also invest in securities issued by foreign companies. It also invests a significantly lower portion of its assets in small-cap companies. The growth fund returned 80.46% in the last one year period.
The growth fund has a minimum initial investment of $10,000 and an expense ratio of 1.40% compared to a category average of 1.33%.
Thrivent Mid Cap Growth A (LBMGX) seeks capital appreciation. At least 80% of its assets are invested in mid-cap companies. It focuses on mid-cap stocks similar to companies in the Russell Mid-cap Growth index or S&P MidCap 400/Citigroup Growth index. The growth fund returned 70.82% in the last one year period and has a five year annualized return of 4.94%
Andrea J. Thomas is the fund manager and has managed this fund since 2003.
To view the Zacks Rank and past performance of all growth funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on NEEGX
Read the full analyst report on FLCSX
Read the full analyst report on LLPFX
Read the full analyst report on MSFOX
Read the full analyst report on LBMGX
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| Market Summary | May 26, 2012 07:50 am ET |
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