Investors with the willingness to let capital growth take precedence over dividends would do well to consider aggressive growth funds. This category of funds is the best possible choice for investment purposes when the markets are on an upswing. These funds look at picking up volatile securities, low priced stocks and IPOs, seeking to maximize gains during such positive phases. They select companies which have shown impressive growth and have the ability to deliver impressive profits in the future. For those willing to undertake a reasonable degree of risk, aggressive growth funds could be the right choice.
Below we will share with you 5 top rated aggressive growth funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all aggressive growth funds, then click here.
Legg Mason Aggressive Growth A (SHRAX) invests in companies whose growth or earnings exceed the average rate of earnings growth of companies that make up the S&P 500 index. It purchases securities of prominent companies with large market capitalizations which have the ability to grow appreciably over the long term. It may also invest in companies with small and mid-cap companies. This aggressive growth fund returned 59.94% over the last one year period.
The aggressive growth fund has a minimum initial investment of $1,000 and an expense ratio of 1.34% compared to a category average of 1.33%.
Alger Spectra A (SPECX) seeks long-term capital growth. It invests in companies on varying sizes with significant growth potential. It primarily purchases common or preferred stocks listed on U.S. exchanges or on the over-the counter-market. This aggressive growth fund has a five year annualized return of 10.34%
Patrick Kelly is the Fund Manager and he has managed this fund since 2004.
Pin Oak Aggressive Stock (POGSX) invests the majority of its assets in domestic stocks that demonstrate high growth potential. It concentrates on purchasing shares in small and medium domestic companies, with market capitalizations between $500 million and $5 billion. It is a no-load fund.
This aggressive growth fund returned 102.12% over the last one year period.
Eagle Mid Cap Growth A (HAGAX) seeks capital growth by investing in companies with significant growth potential. It invests at least 80% of its assets in equity securities of mid-cap companies which were within the market capitalization range of the Russell Midcap Growth index during the most recent 12-month period. The aggressive growth fund returned 58.52% in the last one year period and has a five year annualized return of 4.68%.
As of December 2009, this aggressive growth fund held 60 issues, with 4.14% of its total assets invested in Micron Technology, Inc
Quaker Strategic Growth A (QUAGX) invests a large share of its assets in coomon stocks of domestic companies with a wide range of market capitalizations. Up to 25% of its assets nay be used to purchase foreign securities, including ADRs. The aggressive growth fund returned 27.51% over the last one year period.
The fund manager is Manu Daftary and he has managed this aggressive growth fund since 1996.
To view the Zacks Rank and past performance of all aggressive growth funds, then click here.
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/mutualfund/
