Large-cap funds are ideal investment options for those seeking high-return potential accompanied by lesser risk than small-cap and mid-cap funds. These funds have exposure to large-cap stocks with a long-term performance history, assuring more stability than what mid or small caps offer.
Additionally, growth funds focus on realizing an appreciable amount of capital growth by investing in stocks of firms, the value of which is projected to rise over the long term. However, relatively higher tolerance to risk and the willingness to park funds for the longer term are necessary when investing in these securities. This is because these may experience relatively greater fluctuation than other fund classes.
Below we share with you three top-ranked large-cap growth mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of all the large-cap growth mutual funds.
Wells Fargo Premier Large Company Growth R6 (EKJFX - Free Report) invests a huge chunk of its assets in equity securities of large-cap companies and around one-fifth of its assets in equity securities of foreign companies. The fund invests mainly in those large-cap companies that are included on the Russell 1000 Index. Wells Fargo Premier Large Company Growth R6 has one-year annualized returns of 32.1%.
As of July 2018, EKJFX held 86 issues with 7.17% of its assets invested in Amazon.com Inc.
Fidelity Blue Chip Growth (FBGRX - Free Report) seeks capital growth for the long run. FBGRX invests the bulk of its assets in those blue-chip companies that Fidelity Management & Research Company (FMR) believes have above-average growth prospects. The fund invests both in U.S. and non-U.S. companies. Fidelity Blue Chip Growth has one-year annualized returns of 30.1%.
Sonu Kalra is the fund manager of FBGRX since 2009.
Goldman Sachs Large Cap Growth Insights Investor (GLCTX - Free Report) maintains a diversified portfolio of equity investments by investing heavily in large-cap domestic companies, including foreign companies that are traded in the United States. GLCTX seeks long-term growth of capital and dividend income. Goldman Sachs Large Cap Growth Insights Investor has one-year annualized returns of 25.2%.
GLCTX has an expense ratio of 0.70% compared with the category average of 1.10%.
To view the Zacks Rank and past performance of all large-cap growth mutual funds, investors can click here to see the complete list of funds.
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