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Zacks #1 Ranked Growth Mutual Funds - Best of Funds

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.

Wells Fargo Advantage Omega Growth A (EKOAX) seeks capital growth over long run. It invests majority of its assets in equity securities. A maximum of 25% of its assets is invested in non U.S. issuers including ADRs. The fund invests in companies irrespective of their market capitalization. The growth mutual fund returned 23.65% in the last one year.

The fund has an expense ratio of 1.30% as compared to category average of 1.21%.

PRIMECAP Odyssey Growth (POGRX) invests major portion of its assets in domestic companies having above average growth prospect. The fund mostly invests in large cap or mid cap companies, but has also historically invested in small cap companies. The growth mutual fund returned 22.28% in the last one year.

Joel P. Fried is the fund manager and has managed this fund since 2004.

Touchstone Growth Opportunities A (TGVFX) seeks long-term capital appreciation. It generally invests in U.S. companies which are believed to have high earnings growth potential over a span of 1 to 3 years. It invests in companies that have performed consistently in terms of earnings growth and are expected to do so in future. The growth mutual fund returned 26.76% in the last one year.

As of March 2014, this fund held 64 issues with 4.57% of its assets invested in Apple Inc.

Delaware Pooled Large-Cap Growth Equity (DPLGX) invests in companies having market capitalizations similar to those included in the Russell 1000 Growth Index. It invests in growth-oriented companies which are may grow faster than the domestic economy. The growth mutual fund returned 25.18% in the last one year.

The fund has an expense ratio of 0.65% as compared to category average of 1.21%.

Fidelity Large Cap Growth Enhanced Index (FLGEX) seeks capital growth over long run. It invests a lion's share of its asset in large cap companies which are listed in the Russell 1000 Growth Index. Factors such as past valuation and growth performances are taken into consideration for its investment decision. The growth mutual fund returned 23.61% in the last one year.

As of April 2014, this fund held 172 issues with 4.67% of its assets invested in Apple Inc.

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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View All Zacks #1 Ranked Mutual Funds

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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 Nasdaq, Inc.


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

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