A single minded focus towards capital appreciation are what best
characterize 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
.
Chesapeake Core Growth
(
CHCGX
) seeks capital growth. The fund invests the majority of its assets
in equity securities focusing on investing in the largest 1,000
domestic firms. The fund focuses on acquiring common and preferred
stock and related convertible securities. The growth mutual fund
has a three year annualized return of 9.39%.
W. Whitfield Gardner is the fund manager and he has managed this
growth mutual fund since 1997.
Thornburg Core Growth A
(
THCGX
) invests a large share of its assets in domestic growth oriented
equity securities. It focuses on acquiring common stocks, but may
also purchase foreign equity securities as well as debt
instruments. The growth mutual fund has a three year annualized
return of 13.11%. p> As of May 2012, this growth mutual fund
held 49 issues, with 3.76% of its total assets invested in Apple,
Inc.
American Century Equity Growth
(
BEQGX
) seeks long term capital appreciation. The fund invests the
majority of its assets in equity securities. It focuses on
investing in large-cap companies whose shares are publicly traded
in the U.S. The growth mutual fund has a three year annualized
return of 16.48%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 0.69% compared to a category average
of 1.13%.
ING Growth Opportunities A
(
NLCAX
) invests a large proportion of its assets in domestic companies
with the potential for superior growth. Not more than 15% of its
assets may be utilized to purchase foreign securities. A maximum of
30% of its total assets may be lent on a short or long term basis.
The growth mutual fund has a three year annualized return of
19.89%.
Michael Pytosh is the fund manager and he has managed this
growth mutual fund since 2012.
Delaware Pooled Large-Cap Growth Equity
(
DPLGX
) seeks capital growth. The fund invests heavily in large-cap
companies. The fund selects companies which have the ability to
grow their earnings significantly over the long term. It primarily
purchases equity securities of large-cap companies which are
included in the Russell 1000 Growth index. The growth mutual fund
has a three year annualized return of 19.12%. .
The growth mutual fund has an expense ratio of 0.64% 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
(BEQGX): ETF Research Reports
(CHCGX): ETF Research Reports
(DPLGX): ETF Research Reports
(NLCAX): ETF Research Reports
(THCGX): ETF Research Reports
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