Investors 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 sectoral
funds and may be reduced further by funds with a conservative
approach.
Below we will share with you the 5 best performing growth mutual
funds year to date. To view the Zacks Rank and past
performance of all growth funds, investors can
click here to see the complete list of funds
.
|
Mutual Fund
|
Zacks Rank
|
Total Return YTD
|
|
Matthew 25
|
#1 Strong Buy
|
18.9%
|
|
Hennessy Cornerstone Growth
|
#1 Strong Buy
|
18.8%
|
|
Artisan Growth Opportunities
|
#1 Strong Buy
|
15.1%
|
|
Baron Fifth Avenue Growth Retail
|
#1 Strong Buy
|
13.4%
|
|
T. Rowe Price Growth Stock
|
#1 Strong Buy
|
13.3%
|
Matthew 25
(MXXVX) seeks capital growth over the long term. The fund invests
in a wide range of listed companies which meet the exacting
qualities it requires. Not more than 25% of its assets may be
utilized to purchase bonds. The growth mutual fund returned 19.03%
in the last one year period.
The growth mutual fund has a minimum initial investment of
$10,000 and an expense ratio of 1.22% compared to a category
average of 1.27%.
Hennessy Cornerstone Growth
(HFCGX) invests in common stocks of companies with a strong growth
orientation. The fund's portfolio consists of 50 common stocks
selected using a quantitative technique known as the Cornerstone
Growth Strategy. The growth mutual fund returned -3.14% in the last
one year period.
Neil J. Hennessy is the fund manager and he has managed this
growth mutual fund since 2000.
Artisan Growth Opportunities
(ARTRX) seeks capital appreciation over the long term. The fund
focuses on investing in equity securities issued by domestic and
foreign companies. The fund invests in both mature economies and
emerging markets and may purchase depository receipts. The growth
mutual fund returned -.97% in the last one year period.
The growth mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.40% compared to a category average
of 1.42%.
Baron Fifth Avenue Growth Retail
(BFTHX) focuses on acquiring common stock of large-cap companies.
These firms must be growth oriented and have capitalizations in
excess of $5 billion when the stock is purchased. It aims to invest
in securities which could double their value in a five-year period.
The growth mutual fund returned 3.72% in the last one year
period.
As of March 2012, this growth mutual fund held 126 issues, with
11.24% of its total assets invested in Apple, Inc.
T. Rowe Price Growth Stock
(PRGFX) seeks capital growth over the long term. The fund utilizes
the majority of its assets to purchase common stocks issued by a
wide range of growth-oriented companies. It focuses on investing in
companies which have the potential to issue higher dividends over
time. The growth mutual fund returned 6.58% in the last one year
period.
Robert Bartolo is the fund manager has managed this growth
mutual fund since 2007.
To view the Zacks Rank and past performance of all growth mutual
funds, investors can
click here to see the complete list of funds
.
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
.
(ARTRX): ETF Research Reports
(BFTHX): ETF Research Reports
(HFCGX): ETF Research Reports
(MXXVX): ETF Research Reports
(PRGFX): ETF Research Reports
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