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Top 5 Best Performing Growth Mutual Funds Year to Date

Zacks Investment Research

Investors who choose capital growth over current income would do well to consider growth funds. This category of funds attempts to ensure maximum possible capital gains by investing in companies whose value is expected to increase significantly in the future. Tolerance for a reasonable amount of risk and a long-term approach to investing is required to realize the full potential of these funds. However, the risk involved is much lower when compared to sectoral funds and may be reduced further by funds with a conservative approach.

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.

Mutual Fund

Zacks Rank

Total Return YTD

Glenmede Large Cap Growth

#1 Strong Buy

8.8%

Ave Maria Growth

#1 Strong Buy 

8.0%

GKM Growth

#1 Strong Buy 

7.4%

Goldman Sachs Growth Opportunities A

#1 Strong Buy

7.3%

Columbia Select Large Cap Growth A

#1 Strong Buy

7.2%

 
Glenmede Large Cap Growth ( GTLLX) invests the majority of its assets in around 50 to 90 equity securities. The fund focuses on acquiring common stocks of large domestic companies. It may also invest in IPOs. The growth mutual fund has a three year annualized return of 23.68%.

Paul T. Sullivan is the fund manager has managed this growth mutual fund since 2004.

Ave Maria Growth (AVEGX) seeks capital growth over the long term. The fund focuses on investing in common stocks of companies with the ability to deliver significant growth in revenues, profits or cash flow. It invests in companies which conform to its religious criteria regardless of their size. The growth mutual fund has a three year annualized return of 22.04%.

The growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.50% compared to a category average of 1.36%.

GKM Growth (GKMGX) invests in a wide range of common stocks issued by companies of all sizes. The fund invests in different industries, but may allocate more funds to a particular sector depending on its investment potential. The growth mutual fund has a three year annualized return of 23.15%.

Jed M. Cohen is the fund manager has managed this growth mutual fund since 2001.

Goldman Sachs Growth Opportunities A (GGOAX) seeks capital appreciation over the long term. A minimum of 90% of its assets are utilized to purchase equity securities, particularly those issued by mid-cap companies. Not more than 25% of its assets may be invested in foreign securities, including those issued from emerging markets. The growth mutual fund has a three year annualized return of 25.82%.

As of December 2011, this growth mutual fund held 77 issues, with 2.97% of its total assets invested in SBA Communications Corp.

Columbia Select Large Cap Growth A (ELGAX) invests a large share of its assets in equity securities which are included in the Russell 1000 Growth Index. The fund focuses on acquiring common stocks of both domestic and foreign companies. The growth mutual fund has a three year annualized return of 24.48%.

The growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.24% compared to a category average of 1.28%.

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 GTLLX

Read the analyst report on AVEGX

Read the analyst report on GKMGX

Read the analyst report on GGOAX

Read the analyst report on ELGAX

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