For Immediate Release
Chicago, IL – March 24, 2010 – Today Zacks.com features the Top 5 Small Cap funds; Fidelity Series Small Cap Opportunities (FSOPX), Wells Fargo Advantage Small Cap Growth A (MNSCX), AllianceBernstein Small-Mid Cap Value A (ABASX), Delaware Small Cap Value A (DEVLX) and American Century Small Cap Value Investment (ASVIX).These Small Cap funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future.
Zacks.com provides exclusive ratings on over 18,000 funds in 42 different categories. To learn more about Zacks Mutual Fund Rank, click here. http://at.zacks.com/?id=6760
Zacks #1 Ranked Small Cap Funds
Fidelity Series Small Cap Opportunities (FSOPX) seeks capital appreciation. The majority of its assets are invested in small-cap companies. These are companies identical to those included in the Russell 2000 index or the S&P SmallCap 600. It invests primarily in common stocks and may invest in foreign securities. It may also purchase securities across different sectors. It is a no-load fund.
This small-cap fund returned 82.78% over the last one year period.
Wells Fargo Advantage Small Cap Growth A (MNSCX) invests heavily in firms with small market capitalizations and high growth potential. It seeks capital appreciation and may also utilize futures, options, repurchase and swap agreements as well as other derivatives to reduce risk or maximize returns. The fund has a five year annualized return of 7.7%.
The small-cap fund has a minimum initial investment of $1,000 and an expense ratio of 1.40% compared to a category average of 1.60%.
AllianceBernstein Small-Mid Cap Value A (ABASX) seeks capital appreciation. It invests in small to mid cap U.S. companies, generally holding a portfolio representing 60 to 125 companies. It focuses on equity securities and diversifies its investments to the greatest possible extent. The fund returned 88.52% in the last one year period.
Joseph G. Paul is the fund manager and he has managed this small-cap fund since 2002.
Delaware Small Cap Value A (DEVLX) invests in small-cap companies whose shares are attractively priced compared to their underlying value. At least 80% of its assets are invested in smaller companies. This small-cap fund returned 72.57% over the last one year period and has a ten year annualized return of 9.54%.
As of December 2009, this small-cap fund held 98 issues, with 2.53% of its total assets invested in Whiting Petroleum Corporation.
American Century Small Cap Value Investment (ASVIX) seeks long-term capital appreciation with income as a secondary consideration. The majority of its assets are invested in small-cap companies within the market cap of the S&P Small Cap 600 or Russell 2000 index. The fund has a ten year annualized return of 13.12%.
The fund manager is James Pitman and he has managed this small-cap fund since 2008.
To view the Zacks Rank and past performance of all growth funds, then click here.
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