Top 5 Zacks #1 Ranked Growth Mutual Funds - Best of Funds
26 Septembre 2012 - 3:13PM
Zacks
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.
PRIMECAP Odyssey Growth (POGRX) invests primarily in
domestic stocks with favorable growth prospects which are
attractively priced. The fund focuses on acquiring large and
mid-cap stocks which generate low levels of current income. The
growth mutual fund returned 15.31% over the last one year
period.
The growth mutual fund has a minimum initial investment of
$2,000 and an expense ratio of 0.66% compared to a category average
of 1.27%.
RS Select Growth A (RSDGX) seeks capital growth by
investing in small and mid-cap growth-oriented companies. The fund
focuses on acquiring equity securities of companies whose market
capitalizations may be at most 120% of the market cap of the
largest company in the Russell 2500 Index. The growth mutual fund
returned 19.95% in the last one year period.
Stephen Bishop is the fund manager and he has managed this
growth mutual fund since 2007.
Turner Midcap Growth Investor (TMGFX) invests a large
proportion of its assets in equity securities of domestic mid-cap
companies. It focuses on common stocks and seeks out firms with
diversified operations across different sectors. Not more than 5%
of its assets may be invested in a single issuer. The fund returned
4% in the last one year period.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.18% compared to a category average
of 1.36%.
Mairs & Power Growth (MPGFX) seeks capital growth
over the long term. The fund invests the majority of its assets in
common stocks. The fund may also purchase foreign securities and
convertible debt rated lower than investment grade. It holds a wide
range of equity securities in order to reduce portfolio turnover
and manage risk. The growth mutual fund returned 21.05% in the last
one year period.
As of June 2012, this growth mutual fund held 48 issues, with
5.32% of its total assets invested in Valspar Corporation.
Thornburg Core Growth A (THCGX) invests a large share of
its assets in domestic growth oriented equity securities. It
focuses on acquiring common stocks, but may also purchase foreign
equity securities as well as debt instruments. The growth mutual
fund has a three year annualized return of 25.32%.
Greg M Dunn is the fund manager and he has managed this growth
mutual fund since 2012.
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
(MPGFX): ETF Research Reports
(POGRX): ETF Research Reports
(RSDGX): ETF Research Reports
(THCGX): ETF Research Reports
(TMGFX): ETF Research Reports
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