Top 5 Best Performing Growth Mutual Funds Year to Date - Best Performing Funds Year To Date
July 25 2012 - 12:02PM
Zacks
Investors willing to forgo current income for capital
appreciation would do well to consider growth funds. These funds
focus on reaping the maximum possible capital gains by investing in
stocks of companies whose value is projected to increase
appreciably over time. Tolerance for a reasonable amount of risk
and a long-term approach to investing is required in this case.
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
|
Matthew 25
|
#1 Strong Buy
|
18.9%
|
Hennessy Cornerstone Growth
|
#1 Strong Buy
|
18.8%
|
Artisan Growth Opportunities
|
#1 Strong Buy
|
15.1%
|
Baron Fifth Avenue Growth Retail
|
#1 Strong Buy
|
13.4%
|
T. Rowe Price Growth Stock
|
#1 Strong Buy
|
13.3%
|
Matthew 25 (MXXVX) seeks capital growth over the long
term. The fund invests in a wide range of listed companies which
meet the exacting qualities it requires. Not more than 25% of its
assets may be utilized to purchase bonds. The growth mutual fund
returned 19.03% in the last one year period.
The growth mutual fund has a minimum initial investment of
$10,000 and an expense ratio of 1.22% compared to a category
average of 1.27%.
Hennessy Cornerstone Growth (HFCGX) invests in common
stocks of companies with a strong growth orientation. The fund’s
portfolio consists of 50 common stocks selected using a
quantitative technique known as the Cornerstone Growth Strategy.
The growth mutual fund returned -3.14% in the last one year
period.
Neil J. Hennessy is the fund manager and he has managed this
growth mutual fund since 2000.
Artisan Growth Opportunities (ARTRX) seeks capital
appreciation over the long term. The fund focuses on investing in
equity securities issued by domestic and foreign companies. The
fund invests in both mature economies and emerging markets and may
purchase depository receipts. The growth mutual fund returned -.97%
in the last one year period.
The growth mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.40% compared to a category average
of 1.42%.
Baron Fifth Avenue Growth Retail (BFTHX) focuses on
acquiring common stock of large-cap companies. These firms must be
growth oriented and have capitalizations in excess of $5 billion
when the stock is purchased. It aims to invest in securities which
could double their value in a five-year period. The growth mutual
fund returned 3.72% in the last one year period.
As of March 2012, this growth mutual fund held 126 issues, with
11.24% of its total assets invested in Apple, Inc.
T. Rowe Price Growth Stock (PRGFX) seeks capital growth
over the long term. The fund utilizes the majority of its assets to
purchase common stocks issued by a wide range of growth–oriented
companies. It focuses on investing in companies which have the
potential to issue higher dividends over time. The growth mutual
fund returned 6.58% in the last one year period.
Robert Bartolo is the fund manager 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.
(ARTRX): ETF Research Reports
(BFTHX): ETF Research Reports
(HFCGX): ETF Research Reports
(MXXVX): ETF Research Reports
(PRGFX): ETF Research Reports
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