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Top 5 Growth Funds
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ShareGrowth funds are the clear choice for investors who are willing to forgo current income for capital appreciation. This category of funds concentrates on returning significant capital gains by investing in companies whose value is projected to increase appreciably over time. Investing in these funds also requires a reasonable appetite for risk and a relatively longer investment horizon. However, a conservative approach to fund management aids in reducing the risk factor for investors to a great degree.
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.
Reynolds Blue Chip Growth (RBCGX) seeks capital growth over the long term. The majority of its assets invested in common stocks of companies with the potential for superior growth. The companies selected must be renowned in their respective sectors and have a minimum market-cap of $1 billion. The growth fund has a three year annualized return of 17.15%
The growth fund has a minimum initial investment of $1,000 and an expense ratio of 2.00% compared to a category average of 1.33%.
PL Mid-Cap Growth A (PFAMX) invests at least 80% of its assets in mid-cap companies with the potential to deliver above average growth. It focuses on purchasing common stocks and other equity securities. Up to 25% of its assets may be invested in foreign securities. Not more than 15% may be invested in real estate investment trusts. The growth fund has a five year annualized return of 9.17%
Dennis Lynch is the fund manager and he has managed the fund since 2003.
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 54.1% in the last one year period.
The growth fund has a minimum initial investment of $2,000 and an expense ratio of 2.00% compared to a category average of 1.47%.
USAA Capital Growth (USCGX) primarily invests in equity securities. It seeks capital appreciation and invests in instruments which appear attractive from the global perspective. It may utilize all of its assets to purchase foreign securities. The growth fund returned in 35.11% in the last one year period and has a five year annualized return of 3.61%.
As of January 2010, this growth fund held 174 issues, with 2.46% of its total assets invested in Microsoft Corporation.
Fidelity Mid Cap Growth (FSMGX) seeks capital appreciation over the long term. At least 80% of its assets are invested in mid-cap companies identical to those in the Russell Midcap index or S&P MidCap 400 index. It is a no load fund and invests in both domestic and foreign securities.
The growth fund returned 51.94% in the last one year period.
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 RBCGX
Read the full analyst report on PFAMX
Read the full analyst report on NEEGX
Read the full analyst report on USCGX
Read the full analyst report on FSMGX
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| Market Summary | May 26, 2012 05:53 am ET |
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