Top 5 Zacks #1 Ranked Growth Mutual Funds - Best of Funds

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For investors looking for capital growth rather than regular current income through dividend pay outs, growth funds would be a good choice. These funds reinvest their return and focus on long term capital appreciation. Investors need to have higher tolerance to risk as their capital remains unavailable to them for a longer period of time. These funds mainly select those securities for investment that have higher growth potential and whose value are estimated to rise over the long term.

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.

Pioneer Fundamental Growth A (PIGFX) seeks capital appreciation over the long term. The fund invests a large share of its assets in equity securities of large cap companies which are identical to those included in the Russell 1000 Growth Index. The growth mutual fund has a one year annualized return of 15.76%.

Timothy Mulrenan is the fund manager and he has managed this growth mutual fund since 2007.

DF Dent Premier Growth (DFDPX) invests the majority of its assets in equity instruments of mid cap companies. The fund focuses on securities of domestic companies that have higher growth potential over the long term. It may also invest in American Depositary Receipts (ADRs), real estate investment trusts (REITs) and exchange-traded funds ( ETFs ). The growth mutual fund has a one year annualized return of 16.98%.

As of September 2012, this growth mutual fund held 37 issues, with 7.08% of its total assets invested in Qualcomm, Inc.

Nicholas (NICSX) seeks capital growth over the long term. The fund invests a large share of its assets in common stocks which have significant growth potential. It concentrates on acquiring securities of domestic companies regardless of their sizes. The growth mutual fund has a one year annualized return of 26.69%.

The growth mutual fund has a minimum initial investment of $500 and an expense ratio of 0.75% compared to a category average of 1.36%.

Eagle Mid Cap Growth A (HAGAX) invests the majority of its assets in equity instruments of mid cap companies. The fund invests in companies whose market cap lies within the bounds of the Russell Midcap Growth Index. The growth mutual fund has a one year annualized return of 15.50%.

Bert Boksen is the fund manager and he has managed this growth mutual fund since 1998.

Praxis Growth Index A (MGNDX) seeks capital growth. The fund invests predominantly in equity securities of domestic companies. It tries to replicate similar performance as that of Standard & Poor's 500 Growth Index by investing in similar companies that are included in the index. The growth mutual fund has a one year annualized return of 15.07%.

The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.10% compared to a category average of 1.26%.

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.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Mutual Funds


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