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
.
PRIMECAP Odyssey Growth
(
POGRX
) invests primarily in domestic stocks with favorable growth
prospects which are attractively priced. The fund focuses on
acquiring large and mid-cap stocks which generate low levels of
current income. The growth mutual fund returned 15.31% over the
last one year period.
The growth mutual fund has a minimum initial investment of
$2,000 and an expense ratio of 0.66% compared to a category average
of 1.27%.
RS Select Growth A
(
RSDGX
) seeks capital growth by investing in small and mid-cap
growth-oriented companies. The fund focuses on acquiring equity
securities of companies whose market capitalizations may be at most
120% of the market cap of the largest company in the Russell 2500
Index. The growth mutual fund returned 19.95% in the last one year
period.
Stephen Bishop is the fund manager and he has managed this
growth mutual fund since 2007.
Turner Midcap Growth Investor
(
TMGFX
) invests a large proportion of its assets in equity securities of
domestic mid-cap companies. It focuses on common stocks and seeks
out firms with diversified operations across different sectors. Not
more than 5% of its assets may be invested in a single issuer. The
fund returned 4% in the last one year period.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.18% compared to a category average
of 1.36%.
Mairs & Power Growth
(
MPGFX
) seeks capital growth over the long term. The fund invests the
majority of its assets in common stocks. The fund may also purchase
foreign securities and convertible debt rated lower than investment
grade. It holds a wide range of equity securities in order to
reduce portfolio turnover and manage risk. The growth mutual fund
returned 21.05% in the last one year period.
As of June 2012, this growth mutual fund held 48 issues, with
5.32% of its total assets invested in Valspar Corporation.
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 25.32%.
Greg M Dunn is the fund manager and he has managed this growth
mutual fund since 2012.
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
(MPGFX): ETF Research Reports
(POGRX): ETF Research Reports
(RSDGX): ETF Research Reports
(THCGX): ETF Research Reports
(TMGFX): ETF Research Reports
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