A single minded focus towards capital appreciation is what
best characterizes 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.
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, investors
can click here to see the complete list of funds.
VALIC Company I Blue Chip Growth
(VCBCX) seeks capital appreciation over the long term. It invests
heavily in securities of large and mid-cap blue chip growth
oriented firms. The companies selected for its investment must
have market capitalizations more than or identical to the
smallest firm included in the Russell Midcap Index. The growth
mutual fund has a one year annualized return of 12.13%.
Larry J. Puglia is the fund manager and he has managed this
growth mutual fund since 2000.
GuideStone Funds Growth Equity GS2
(GGEYX) invests a large share of its assets in equity securities.
It concentrates on acquiring those large and medium-sized
domestic companies which have significant growth potential. It
may also utilize some of its assets to invest in American
Depository Receipts (ADRs) to a lesser degree. The growth mutual
fund has a one year annualized return of 11.40%.
As of September 2012, this growth mutual fund held 159 issues,
with 7.34% of its total assets invested in Apple Inc.
Fidelity Growth Company
(FDGRX) seeks capital growth. It invests heavily in common stocks
of growth-oriented companies. The fund invests in both domestic
and foreign securities. It selects those securities for its
investment that have significant growth potential. The growth
mutual fund has a one year annualized return of 11.20%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.84% compared to a category
average of 1.27%.
Optimum Large Cap Growth A
(OALGX) invests the majority of its assets in securities of large
market cap entities. The companies invested in must be identical
to those included in the Russell 1000 Growth Index. The growth
mutual fund has a one year annualized return of 10.78%.
Thomas F. Marsico is the fund manager and he has managed this
growth mutual fund since 2003.
Wells Fargo Advantage Growth Investor
(SGROX) seeks capital growth over the long term. It invests
heavily in equity securities. A maximum of 25% of its assets are
invested in foreign firms by purchasing American Depository
Receipts (ADRs). The growth mutual fund has a one year annualized
return of 10.31%.
The growth mutual fund has an expense ratio of 1.26% compared
to a category average of 1.27%.
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.
View All Zacks #1 Ranked Mutual Funds
(FDGRX): ETF Research Reports
(GGEYX): ETF Research Reports
(OALGX): ETF Research Reports
(SGROX): ETF Research Reports
(VCBCX): ETF Research Reports
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