Zacks #1 Ranked Growth Mutual 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.
ClearBridge Aggressive Growth A (SHRAX) seeks growth of capital. It invests in growth companies that may or are already witnessing earnings growth higher than that of firms in the S&P 500 Index. It invests in prominent and big companies whose earnings are expected to accelerate in the long run. The growth mutual fund returned 32.84% in the last one year.
The fund has an expense ratio of 1.23% as compared to category average of 1.21%.
Delaware Pooled Large-Cap Growth Equity (DPLGX) invests a lion’s share in large cap companies having market capitalizations similar to those included in the Russell 1000 Growth Index. It focuses on acquiring stocks of those companies which are having impressive growth prospect. The growth mutual fund returned 28.35% in the last one year.
Jeffrey S. Van Harte is the fund manager and has managed this fund since 2005.
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 non-diversified growth mutual fund returned 29.85% in the last one year.
As of March 2014, this fund held 64 issues with 4.57% of its assets invested in Apple Inc.
White Oak Select Growth (WOGSX) invests a major portion of its share in equity securities of large cap domestic growth companies. It may also invest in foreign companies and ADRs. The growth mutual fund returned 19.28% in the last one year.
The fund has an expense ratio of 1.12% as compared to category average of 1.21%.
PRIMECAP Odyssey Growth (POGRX) seeks capital growth over the long term. The fund invests the majority of its assets in domestic mid cap or large cap companies which has the potential for above average growth. Some portion of its assets can also be invested in small cap companies. The growth mutual fund returned 23.22% in the last one year.
Joel P. Fried is the fund manager and has managed this fund since 2004.
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.
Read the analyst report on SHRAX
Read the analyst report on DPLGX
Read the analyst report on TGVFX
Read the analyst report on WOGSX
Read the analyst report on POGRX
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