Top 5 Zacks #1 Ranked Growth Mutual Funds - Best of Funds
15 October 2012 - 10:32PM
Zacks
When capital appreciation over the long term takes precedence
over dividend payouts, growth funds become a natural choice for
investors. These funds focus on realizing an appreciable amount of
capital growth by investing in stocks of firms whose value is
projected to rise over the long term. However, a relatively higher
tolerance to risk and the willingness to park funds for the longer
term are necessary when investing in these securities. This is
because they may experience relatively more fluctuations than other
fund classes.
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.
Transamerica Focus A (IALAX) seeks capital appreciation
over the long term. The fund invests in companies whose market cap
lies within the bounds of the Russell 1000 Growth Index. A maximum
of 25% of its assets may be utilized to purchase foreign
securities. The growth mutual fund has a three year annualized
return of 12.7%.
The growth mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.55% compared to a category average
of 1.27%.
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 three year
annualized return of 9.94%.
As of August 2012, this growth mutual fund held 62 issues, with
2.67% of its total assets invested in Onyx Pharmaceuticals,
Inc.
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 three year annualized return of 12.62%.
Peter Bourbeau is the fund manager and he has managed this
growth mutual fund since 2009.
Hennessy Cornerstone Growth (HFCGX) invests in common
stocks of growth oriented companies. The fund selects 50 stocks
using the Cornerstone Growth Strategy, a quantitative formula. It
invests 2% of the portfolio’s assets in each of these 50 stocks.
The growth mutual fund has a three year annualized return of
11.13%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.33% compared to a category average
of 1.35%.
John Hancock U.S. Global Leaders Growth A (USGLX) seeks
long-term capital appreciation. The majority of the fund’s assets
are utilized to purchase common stocks of firms of large cap
companies. A maximum of 20% of its assets are invested in foreign
firms and prominent, large cap foreign issuers. The growth mutual
fund has a three year annualized return of 15.81%.
George P. Fraise is the fund manager and he has managed this
growth mutual fund since 2000.
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
(HFCGX): ETF Research Reports
(IALAX): ETF Research Reports
(SBLGX): ETF Research Reports
(USGLX): ETF Research Reports
(WTMGX): ETF Research Reports
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