Top 5 Zacks #1 Ranked Growth Mutual Funds – Best of Funds

A single minded focus towards capital appreciation are what best characterize 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 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.

Chesapeake Core Growth (CHCGX) seeks capital growth. The fund invests the majority of its assets in equity securities focusing on investing in the largest 1,000 domestic firms. The fund focuses on acquiring common and preferred stock and related convertible securities. The growth mutual fund has a three year annualized return of 9.39%.

W. Whitfield Gardner is the fund manager and he has managed this growth mutual fund since 1997.

Thornburg Core Growth A (THCGX) invests a large share of its assets in domestic growth oriented equity securities. It focuses on acquiring common stocks, but may also purchase foreign equity securities as well as debt instruments. The growth mutual fund has a three year annualized return of 13.11%. p> As of May 2012, this growth mutual fund held 49 issues, with 3.76% of its total assets invested in Apple, Inc.

American Century Equity Growth (BEQGX) seeks long term capital appreciation. The fund invests the majority of its assets in equity securities. It focuses on investing in large-cap companies whose shares are publicly traded in the U.S. The growth mutual fund has a three year annualized return of 16.48%.

The growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.69% compared to a category average of 1.13%.

ING Growth Opportunities A (NLCAX) invests a large proportion of its assets in domestic companies with the potential for superior growth. Not more than 15% of its assets may be utilized to purchase foreign securities. A maximum of 30% of its total assets may be lent on a short or long term basis. The growth mutual fund has a three year annualized return of 19.89%.

Michael Pytosh is the fund manager and he has managed this growth mutual fund since 2012.

Delaware Pooled Large-Cap Growth Equity (DPLGX) seeks capital growth. The fund invests heavily in large-cap companies. The fund selects companies which have the ability to grow their earnings significantly over the long term. It primarily purchases equity securities of large-cap companies which are included in the Russell 1000 Growth index. The growth mutual fund has a three year annualized return of 19.12%. .

The growth mutual fund has an expense ratio of 0.64% 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 at http://www.zacks.com/funds.

View All Zacks #1 Ranked Mutual Funds
 
(BEQGX): ETF Research Reports
 
(CHCGX): ETF Research Reports
 
(DPLGX): ETF Research Reports
 
(NLCAX): ETF Research Reports
 
(THCGX): ETF Research Reports
 
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