Top 5 Zacks #1 Ranked Growth Mutual Funds - Best of Funds
06 August 2012 - 1:31PM
Zacks
Investors with a relatively higher tolerance for risk as well as
a longer investment horizon are ideally suited to invest in growth
funds. This category of funds has capital growth as its primary
goal but provides few if any dividend payouts to investors. It
selects companies with the potential to deliver superior growth in
revenue and earnings often achieving their goals by reinvesting
profits into expansions and acquisitions. Such investments may
experience higher volatility relative to value and blend funds, but
still have a lower risk component compared to funds investing in
specific sectors such as technology or real estate.
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.
Goldman Sachs Growth Opportunities A (GGOAX) invests at
least 90% of its assets in equity securities. The fund focuses on
acquiring mid-cap stocks and looks at purchasing publicly traded
domestic securities. The growth mutual fund has a ten year
annualized return of 8.35%.
Scott G. Kolar is the fund manager and he has managed this
growth mutual fund since 2011.
Wells Fargo Advantage Capital Growth (SLGIX) seeks
capital appreciation over the long term. The fund invests the
majority of its assets in large-cap companies. Not more than 25% of
its assets are utilized to purchase foreign equity securities. The
growth mutual fund has a ten year annualized return of 5.39%.
As of June 2012, this growth mutual fund held 70 issues, with
9.26% of its total assets invested in Apple, Inc.
Westcore MIDCO Growth (WTMGX) primarily invests in stocks
of medium-sized companies with significant growth potential. The
majority of its assets are invested in mid-cap companies with
market capitalizations similar to those included in the Russell
Mid-cap Growth index. The growth mutual fund has a ten year
annualized return of 5.38%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.06% compared to a category average
of 1.37%.
Legg Mason ClearBridge Large Cap Growth A (SBLGX) seeks
long-term capital appreciation. The majority of the fund’s assets
are utilized to purchase equity securities or instruments with
similar features. The companies invested in must be identical to
those included in the Russell 1000 Growth Index. The growth mutual
fund has a ten year annualized return of 4.97%.
Peter Bourbeau is the fund manager and he has managed this
growth mutual fund since 2009.
Delaware US Growth A (DUGAX) invests heavily in common
stocks of companies with the ability to deliver long term capital
growth. The majority of its assets are invested in domestic
securities. Not more than 20% of its assets are utilized to
purchase bonds and other debt securities. The growth mutual fund
has a ten year annualized return of 4.72%.
The growth mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.10% compared to a category average
of 1.27%.
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.
View All Zacks #1 Ranked Mutual Funds
(DUGAX): ETF Research Reports
(GGOAX): ETF Research Reports
(SBLGX): ETF Research Reports
(SLGIX): ETF Research Reports
(WTMGX): ETF Research Reports
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