Top 5 Best Performing Growth Mutual Funds Year to Date - Best Performing Funds Year To Date
March 13 2013 - 11:19AM
Zacks
For investors looking for capital growth rather than regular
current income through dividend pay outs, growth funds would be a
good choice. These funds reinvest their return and focus on long
term capital appreciation. Investors need to have higher tolerance
to risk as their capital remains unavailable to them for a longer
period of time. These funds mainly select those securities for
investment that have higher growth potential and whose values are
estimated to rise over the long term.
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
|
Westcore MIDCO Growth
|
#2 Buy
|
8.02%
|
Hartford Midcap A
|
#2 Buy
|
7.86%
|
Touchstone Mid Cap Growth A
|
#2 Buy
|
7.67%
|
Vanguard Capital Opportunity Investor
|
#3 Hold
|
7.61%
|
Champlain Mid Cap Advisor
|
#2 Buy
|
7.58%
|
Westcore MIDCO Growth (WTMGX) seeks
capital growth over the long term. The fund invests in securities
of medium-sized companies with substantial growth potential. A
large share of its assets is 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 10.21%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.06% compared to a category average
of 1.36%.
Hartford Midcap A (HFMCX) invests in common stocks of mid
cap companies that have growth potential. These companies are
similar to those that fall within the collective range of the
Russell Midcap and S&P MidCap 400 Indices. A maximum of 20% of
its assets may be invested in foreign securities and non-dollar
instruments. The growth mutual fund has a three year annualized
return of 11.76%.
Mark A. Whitaker is the fund manager and he has managed this
growth mutual fund since 2010.
Touchstone Mid Cap Growth A (TEGAX) seeks growth as its
primary goal and income as its secondary objective . The fund
invests heavily in common stocks of domestic medium-sized
companies. The market capitalizations of these companies are
similar to those included in the Russell Midcap Index. The growth
mutual fund has a three year annualized return of 12.89%.
The growth mutual fund has a minimum initial investment of
$2,500 and an expense ratio of 1.40% compared to a category average
of 1.36%.
Vanguard Capital Opportunity Investor (VHCOX) invests
predominantly in domestic securities with substantial earnings
growth potential. It invests in securities of companies regardless
of their size. The growth mutual fund has a three year annualized
return of 9.03%.
As of December 2012, this growth mutual fund held 125 issues,
with 5.95% of its total assets invested in Biogen Idec Inc.
Champlain Mid Cap Advisor (CIPMX) seeks capital growth.
The fund utilizes the majority of its assets to purchase securities
issued by mid-cap companies. It primarily focuses on common stocks
of mid-cap companies with substantial growth potential. The growth
mutual fund has a three year annualized return of 14.86%.
Scott Brayman is the fund manager and he has managed this growth
mutual fund since 2008.
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.
Get Your Free (CIPMX): Fund Analysis Report
Get Your Free (HFMCX): Fund Analysis Report
Get Your Free (TEGAX): Fund Analysis Report
Get Your Free (VHCOX): Fund Analysis Report
Get Your Free (WTMGX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research