Sponsored Links 
Top 5 Growth Mutual Funds
Print
ShareGrowth funds are the natural choice for investors who prioritize capital growth over regular dividend income. This category of funds focus on returning capital growth by investing in stocks companies whose value is expected to rise over the long term. A relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary when investing in these securities since they experience more fluctuations than other fund classes. However, compared to sector specific investments, like technology funds, the associated risk is much lower.
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.
Fidelity Growth Discovery (FDSVX) seeks capital growth. The fund focuses on acquiring common stocks. It selects companies after considering their potential to deliver significant growth over the long term. It utilizes fundamental analysis of the issuing companies as the basis of selecting stocks. The growth mutual fund has a five year annualized return of 5.73%.
The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.75% compared to a category average of 1.31%.
Wells Fargo Advantage Growth (SGROX) invests in companies with the ability to grow revenues and earnings significantly. The majority of the fund’s assets are invested in equity securities. Not more than 25% of its assets may be used to purchase foreign securities. The growth mutual fund returned 48.14% in the last one year period.
As of May 2011, this growth mutual fund held 102 issues, with 5.69% of its total assets invested in Apple, Inc.
RS Select Growth A (RSDGX) seeks capital growth by investing in small and mid-cap growth-oriented companies. It focuses on acquiring equity securities of companies whose market capitalizations may be at most 120% of the market cap of the largest company in the Russell 2500 Index. The growth mutual fund has a three year annualized return of 10.46%.
Allison Thacker is the fund manager and she has managed this growth mutual fund since 2007.
Westcore MIDCO Growth (WTMGX) primarily invests in stocks of medium-sized companies with significant growth potential. The majority of its assets are invested in mid-cap companies with market capitalizations similar to those included in the Russell Mid-cap Growth index. The growth mutual fund has a ten year annualized return of 6.34%.
The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.05% compared to a category average of 1.41%.
Value Line Premier Growth (VALSX) seeks capital appreciation over the long term. The fund invests the majority of its assets in a wide range of domestic equity securities issued by companies with the potential for superior growth. It is a no load fund and may also purchase foreign securities.
The growth mutual fund returned 40.41% in the last one year period.
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.
Read the full analyst report on FDSVX
Read the full analyst report on SGROX
Read the full analyst report on RSDGX
Read the full analyst report on WTMGX
Read the full analyst report on VALSX
Loading Stories...
|
||||||||||||||||||
More Zacks Resources
More Zacks Links
| Market Summary | May 26, 2012 15:39 pm ET |
-74.92