When capital appreciation over the long term takes precedence
over dividend payouts, growth funds become a natural choice for
investors. These funds focus on realizing an appreciable amount
of capital growth by investing in stocks of firms whose value is
projected to rise over the long term. However, a 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 they may experience relatively more fluctuations
than other fund classes.
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
|
32.8%
|
|
Hennessy Cornerstone Growth
|
#1 Strong Buy
|
28.8%
|
|
GE Investment Premier Growth
|
#1 Strong Buy
|
22.7%
|
|
Elfun Trusts
|
#1 Strong Buy
|
22.6%
|
|
Pyxis Premier Growth Equity A
|
#1 Strong Buy
|
19.0%
|
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 54.9%
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
48.92% in the last one year period.
Neil J. Hennessy is the fund manager and he has managed this
growth mutual fund since 2000.
GE Investment Premier Growth
(GEPGX) seeks capital appreciation. The fund invests a large
share of its assets in equity securities. The fund focuses on
investing in a select group of growth oriented large and mid-cap
companies whose market capitalization is greater than $2 billion.
The growth mutual fund returned 35.55% 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%.
Elfun Trusts
(ELFNX) focuses on investing in domestic equity securities
including common and preferred stocks. It may also invest a
relatively smaller amount in foreign securities and bonds. The
growth mutual fund returned 36.23% in the last one year
period.
As of September 2012, this growth mutual fund held 51 issues,
with 5.50% of its total assets invested in Apple, Inc.
Pyxis Premier Growth Equity A
(HPEAX) seeks long term capital appreciation. The fund utilizes
the majority of its assets to purchase equity securities issued
by a small number of small and mid-cap companies. It may also
purchase bonds and foreign securities. The fund may also
indirectly invest in certain instruments by investing in
derivatives. The growth mutual fund returned 34.76% in the last
one year period.
David B. Carlson is the fund manager has managed this growth
mutual fund since 1996.
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
.
(ELFNX): ETF Research Reports
(GEPGX): ETF Research Reports
(HFCGX): ETF Research Reports
(HPEAX): ETF Research Reports
(MXXVX): ETF Research Reports
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