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Top 5 Growth Mutual Funds
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ShareA single minded focus towards capital appreciation are what best characterize growth funds. This purity of style is further established by the fact that investors can expect few or no dividend pay outs from such mutual funds. But investing in this class of funds requires a relatively higher appetite for risk than those following a value or blend style towards investing. Further, the true benefits of parking funds in such instruments can only be realized over a longer time span. However, in depth research and professional management are what make mutual funds a much safer proposition as compared to directly investing in growth stocks.
Below we will share with you 5 top rated growth mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all growth funds, then click here.
Wells Fargo Advantage Growth (SGROX) seeks long-term capital growth. The fund invests in companies with the ability to grow revenues and earnings significantly over time. The majority of the fund’s assets are invested in equity securities. The growth mutual fund returned 22.99% in the last one year period.
The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.40% compared to a category average of 1.33%.
Goldman Sachs Growth Opportunities A (GGOAX) invests at least 90% of its assets in equity securities. The fund focuses on acquiring mid-cap stocks and looks at purchasing publicly traded domestic securities. The growth mutual fund has a ten year annualized return of 4.79%.
David M. Shell is the fund manager and he has managed this growth mutual fund since 1999.
GAMCO Growth AAA (GABGX) seeks capital appreciation over the long term. The fund holds a wide range of market traded common stocks and convertible securities. It seeks out securities which are underpriced and have good earnings potential. It is a no load fund.
The growth mutual fund returned 4.53% in the last one year period.
Westcore MIDCO Growth (WTMGX) invests the majority of its assets in mid-sized companies which are included in the Russell Midcap Growth Index. The fund only purchases domestic tradable securities as well as depository receipts. It selects companies for investment based on their growth potential. The growth mutual fund has a five year annualized return of 3.7%.
As of September 2010, this growth mutual fund held 66 issues, with 2.58% of its total assets invested in Varian Medical Systems, Inc.
Thompson Plumb Growth (THPGX) seeks capital growth over the long term. It invests at least 65% of its assets in a wide variety of common stocks. These stocks must be issued by companies with capable management; superior growth prospects and low levels of debt. The growth mutual fund returned 6.08% in the last one year period.
The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.54% compared to a category average of 1.13%.
To view the Zacks Rank and past performance of all growth mutual 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 SGROX
Read the full analyst report on GGOAX
Read the full analyst report on GABGX
Read the full analyst report on WTMGX
Read the full analyst report on THPGX
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| Market Summary | May 26, 2012 08:42 am ET |
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