Top 5 Best Performing Growth Mutual Funds Year to Date - Best Performing Funds Year To Date
January 09 2013 - 10:32AM
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 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
|
Hennessy Cornerstone Growth
|
#2 Buy
|
30%
|
Artisan Global Opportunities
|
#2 Buy
|
28.1%
|
Federated Kaufmann Large Cap A
|
#2 Buy
|
23.1%
|
Aquila Three Peaks Opportunity Growth A
|
#1 Strong Buy
|
21.1%
|
Elfun Trusts
|
#3 Hold
|
20.8%
|
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 30.27% in the last one year
period.
Neil J. Hennessy is the fund manager and he has managed this
growth mutual fund since 2000.
Artisan Global Opportunities (ARTRX) seeks capital
appreciation over the long term. The fund purchases domestic and
foreign equity securities and depositary receipts. It may invest in
mature markets as well as in emerging economies. It focuses on
investing in domestic companies with a minimum market cap of at
least $3 billion. The growth mutual fund returned 25.41% in the
last one year period.
The growth mutual fund has a minimum initial investment of
$1,000 and an expense ratio of 1.34% compared to a category average
of 1.41%.
Federated Kaufmann Large Cap A (KLCAX) invests heavily in
large cap companies whose stocks are traded on national securities
exchanges, the NASDAQ as well as over the counter. A maximum of 30%
of its assets are invested in foreign securities. The growth mutual
fund returned 19.87% in the last one year period.
As of September 2012, this growth mutual fund held 50 issues,
with 3.99% of its total assets invested in American International
Group Inc.
Aquila Three Peaks Opportunity Growth A (ATGAX) seeks
capital growth. A minimum of 70% of its assets are in equity
securities of companies with the ability to deliver capital growth.
The fund invests in companies without regard to their market
capitalization. The growth mutual fund returned 21.48% in the last
one year period.
Brent R. Olson is the fund manager has managed this growth
mutual fund since 2010.
Elfun Trusts (ELFNX) focuses on investing in domestic
equity securities including common and preferred stocks. It may
also invest a relatively smaller amount in foreign securities and
bonds. The growth mutual fund returned 21.28% in the last one year
period.
The growth mutual fund has a minimum initial investment of $500
and an expense ratio of 0.21% 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.
(ARTRX): ETF Research Reports
(ATGAX): ETF Research Reports
(ELFNX): ETF Research Reports
(HFCGX): ETF Research Reports
(KLCAX): ETF Research Reports
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