5 Best Performing Growth Mutual Funds Year to Date
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 the 5 best performing growth mutual funds year to date. To view the Zacks Rank and past performance of all growth funds, investors can click here to see the complete list of funds.
Hodges (HDPMX) invests in companies without regard to their market capitalization. A maximum of 25% of assets may be utilized in short-sale transactions. A portion of the fund is also invested in money market instruments. Call and put options of domestic trading companies can also be bought. Companies witnessing mediocre growth but offering high dividend yield also attract investment up to 25% of assets. The growth mutual fund has a three year annualized return of 18.55%
The growth mutual fund has a minimum initial investment of $250 and an expense ratio of 1.43% to a category average of 1.22%.
Vanguard Capital Opportunity Investor (VHCOX) seeks capital growth on a long-term basis. The fund invests predominantly in domestic securities with substantial earnings growth potential. It invests in securities of companies regardless of their size. The stocks selected are expected to provide returns greater than the overall market over a three to five year period. The growth mutual fund has a three year annualized return of 15.95%.
M. Ansari is the fund manager and has managed this growth mutual fund since 2007.
PRIMECAP Odyssey Growth (POGRX) invests in common stocks of domestic companies, especially those with the ability to return above average growth. It focusses on investing in large and mid-cap companies. The fund also invests substantially in stocks issued by large cap firms. The growth mutual fund has a three year annualized return of 18.53%.
The growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 0.67% compared to a category average of 1.23%.
Pioneer Disciplined Growth A (PINDX) seeks capital growth on a long-term basis. It invests in securities issued by domestic companies, including exchange-traded funds (ETFs) and real estate investment trusts (REITs). At least 10 of its assets are invested in securities that are issued by non-domestic companies. The growth mutual fund has a three year annualized return of 19.58%.
As of June 2013, this growth mutual fund held 52 issues, with 5.68% of its total assets invested in Apple Inc.
Vanguard PRIMECAP (VPMCX) invests in stocks with substantial growth potential. It focuses on acquiring large and mid-cap stocks. The growth mutual fund has a three year annualized return of 17.14%.
M. Ansari is the fund manager and has managed this growth mutual fund since 2007.
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 HDPMX
Read the analyst report on VHCOX
Read the analyst report on POGRX
Read the analyst report on PINDX
Read the analyst report on VPMCX
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