Growth Mutual funds are the natural choice for investors who prefer capital growth over the long-term to regular dividend payouts. This category of mutual funds focus on returning a significant amount of capital growth by parking their funds in companies whose value is expected to increase 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 growth mutual funds are subject to greater volatility than other fund types.
Below we will share with you the 5 best performing growth mutual funds year to date.
|Mutual Fund||Zacks Rank||Total Return YTD|
|Monetta Mid-Cap Equity||#1 Strong Buy||24.4%|
|Artisan Mid Cap||#1 Strong Buy||20.0%|
|Artisan Opportunistic Growth||#1 Strong Buy||18.8%|
|Westcore MIDCO Growth||#1 Strong Buy||18.6%|
|Fifth Third Mid Cap Growth A||#1 Strong Buy||18.0%|
As of June 2010, this growth mutual fund held 35 issues, with 4.66% of its total assets invested in Fidelity Instl MM Fds Money Market Sel.
Artisan Mid Cap (ARTMX) primarily invests in common stocks of mid-sized domestic companies. Not more than 25% of its assets may be invested in a single industry. Further, the funds may not invest more than 5% of its assets in a single company. The growth mutual fund has a five year annualized return of 7.37%.
Andrew C. D. Stephens is the fund manager has managed this growth mutual fund since 1997.
Artisan Opportunistic Growth (ARTRX) seeks capital appreciation. The fund holds equity securities of a wide range of growth-oriented companies of all sizes. It invests in both domestic and foreign firms. Not more than 25% of its assets may be invested in a single industry. The growth mutual fund returned 30.13% over the last one year period.
The growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.47% compared to a category average of 1.33%.
Westcore MIDCO Growth (WTMGX) primarily invests in stocks of medium-sized companies with significant growth potential. The majority of its assets are 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 ten year annualized return of 2.65%.
William Chester is the fund manager has managed this growth mutual fund since 2002.
Fifth Third Mid Cap Growth A (FSMCX) seeks capital appreciation as well as current income. The majority of its assets are invested in companies whose market cap is within the range of the Russell Midcap Growth Index. Not more than 20% of its assets may be invested in large and small cap companies as well as convertible securities. The growth mutual fund returned 29.46% over the last one year period.
The growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.14% compared to a category average of 1.47%.
To view the Zacks Rank and past performance of all growth mutual funds, then click here.