Zacks #1 Ranked Growth Mutual Funds - Best of Funds

By
A A A

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 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.

Lord Abbett Growth Leaders A (LGLAX) seeks capital growth. It invests a large share of its assets in equity securities of growth oriented companies. The fund may invest in both domestic and foreign equity securities. A minimum of half of its net assets must be invested in companies which are part of the Russell 1000 Index. The growth mutual fund returned 45.41% over the last one year period.

The growth mutual fund has an expense ratio of 0.85% compared to a category average of 1.22%.

Fidelity Growth Company (FDGRX) invests a large share of its assets 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 returned 41.60% over the last one year period.

Steven S. Wymer is the fund manager and has managed this fund since 1997.

JPMorgan Growth Advantage A (VHIAX) seeks capital appreciation over the long term. The fund invests in securities of companies of all market sizes. It may also invest a large share of its assets in companies belonging to a single type of market capitalization. The fund mainly uses future contracts. The growth mutual fund returned 42.00% over the last one year period.

As of December 2013, this growth mutual fund held 88 issues with 4.03% of its assets invested in Google, Inc.

RS Growth A (RSGRX) invests primarily in securities issued by companies that it classifies as those with large capitalizations. According to its management team, such companies must have a market capitalization not lower than $1 billion and not higher than that of the largest company which is part of the Russell 1000 Index. The growth mutual fund returned 41.12% over the last one year period.

The growth mutual fund has an expense ratio of 1.37% compared to a category average of 1.23%.

Eagle Mid Cap Growth A (HAGAX) seeks capital growth over the long term. It invests the majority of its assets in equity instruments of mid cap companies. The fund invests in companies whose market cap (at the time of initial buy) lies within the bounds of the Russell Midcap Growth Index. The growth mutual fund returned 34.70% over the last one year period.

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

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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>


View All Zacks #1 Ranked Mutual Funds

Get Your Free (FDGRX): Fund Analysis Report


Get Your Free (HAGAX): Fund Analysis Report

Get Your Free (LGLAX): Fund Analysis Report

Get Your Free (RSGRX): Fund Analysis Report

Get Your Free (VHIAX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research



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


Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

What to Wear to a Wedding
What to Wear to a Wedding           
4th of July Outfits
4th of July Outfits                 

Stocks

Referenced

Most Active by Volume

62,287,287
  • $17.03 ▼ 1.10%
26,194,993
  • $30.555 ▲ 1.24%
26,150,957
  • $126.44 ▼ 0.13%
25,197,634
  • $40.59 ▼ 6.26%
25,192,083
  • $19.07 ▲ 1.54%
24,563,617
  • $26.78 ▲ 0.45%
24,474,256
  • $5.85 ▲ 1.56%
24,111,132
  • $8.83 ▲ 2.08%
As of 7/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com