Top 5 Best Performing Growth Mutual Funds Year to Date - Best Performing Funds Year To Date
April 17 2012 - 11:20AM
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 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
|
Artisan Growth Opportunities
|
#1 Strong Buy
|
17.6%
|
Sit Mid Cap Growth
|
#1 Strong Buy
|
16.0%
|
Fidelity Growth Company
|
#1 Strong Buy
|
15.9%
|
Chesapeake Core Growth
|
#1 Strong Buy
|
14.9%
|
Vanguard US Growth
|
#1 Strong Buy
|
14.7%
|
Artisan Growth Opportunities (ARTRX) 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 has a three
year annualized return of 32.01%.
James D. Hamel is the fund manager has managed this growth
mutual fund since 2008.
Sit Mid Cap Growth (NBNGX) seeks to maximize capital
growth over the long term. The fund invests the majority of its
assets in common stocks of companies whose market capitalizations
are between $2 billion and $15 billion. It focuses on investing in
domestic growth-oriented small to mid-cap companies. The growth
mutual fund has a three year annualized return of 28.6%.
The growth mutual fund has a minimum initial investment of
$5,000 and an expense ratio of 1.20% compared to a category average
of 1.37%.
Fidelity Growth Company (FDGRX) focuses on investing in
common stocks. The fund selects companies using fundamental
analysis and on the basis of their growth potential. It invests in
both domestic and foreign firms. The growth mutual fund has a three
year annualized return of 30.56%.
Steven S. Wymer is the fund manager has managed this growth
mutual fund since 1997.
Chesapeake Core Growth (CHCGX) seeks capital growth. A
minimum of 90% of its assets are utilized to purchase equity
securities. A large share of these securities is invested in
largest 1,000 domestic companies on the basis of market
capitalization. Common and preferred stock and related convertible
securities constitute its major investments. The growth mutual fund
has a three year annualized return of 20.81%.
As of December 2011, this growth mutual fund held 48 issues,
with 5.87% of its total assets invested in Apple, Inc.
Vanguard US Growth (VWUSX) invests primarily in large cap
domestic companies with significant growth potential. The stocks
purchased must be attractively priced relative to their projected
earnings. The fund utilizes the services of several investment
advisors. The growth mutual fund has a three year annualized return
of 24.74%.
The growth mutual fund has a minimum initial investment of
$3,000 and an expense ratio of 0.44% compared to a category average
of 1.28%.
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.
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