For Immediate Release

Chicago, IL – March 17, 2010 – Today features the Top 5 Growth funds;  Fidelity Mid Cap Growth (FSMGX), Yacktman Focused (YAFFX), Lifetime Achievement (LFTAX), Van Kampen Equity Growth A (VEGAX) and Fairholme Fund (FAIRX).

These Growth funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future. provides exclusive ratings on over 18,000 funds in 42 different categories. To learn more about Zacks Mutual Fund Rank, click here.

Zacks #1 Ranked Growth Funds

Fidelity Mid Cap Growth (FSMGX) seeks capital appreciation over the long term. At least 80% of its assets are invested in mid-cap companies identical to those in the Russell Midcap index or S&P MidCap 400 index. It is a no load fund and invests in both domestic and foreign securities.

The growth fund returned 47.38% in the last one year period.

Yacktman Focused (YAFFX) invests heavily in companies with market capitalizations of $1 billion or more, having long track records of growth and dividends. This is a concentrated fund that usually holds less than 25 stocks. The fund has a three year annualized return of 7.47%.

This growth fund has a minimum initial investment of $2,500 and an expense ratio of 1.25% compared to a category average of 1.28%.

Lifetime Achievement (LFTAX) seeks to grow its investments over the long term through capital appreciation. It is a fund of funds which invests in shares of other investment companies. It focuses on investing in funds which seek capital appreciation over the long term. The fund has a five year annualized return of 10.94%.

Roland R Manarin is the fund manager and has managed this growth fund since 2000.

Van Kampen Equity Growth A (VEGAX) invests in growth-oriented securities of medium and large-cap companies. These would include stocks, convertibles and other securities which have equity-like features. The growth fund returned in 69.91% in the last one year period and has a five year annualized return of 5.03%.

As of December 2009, this growth fund held 33 issues, with 6.70% of its total assets invested in, Inc.

Fairholme Fund (FAIRX) seeks capital appreciation by investing in a focused portfolio of fixed income and equity securities. The fund invests in a variety of securities including domestic and foreign corporate debt, government securities and foreign money market instruments. The fund has a ten year annualized return of 13.91%.

This growth fund has a minimum initial investment of $10,000 and an expense ratio of 1.02% compared to a category average of 1.10%.

To view the Zacks Rank and past performance of all growth funds, then click here.

About Zacks Mutual Fund Rank

The Zacks Mutual Fund Rank is a quantitative ratings system created by Len Zacks, a PHD in mathematics from MIT. The goal of the rank is simple; goal to help investors find the best mutual funds to beat the market.

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Contact: Jim Giaquinto
Phone: 312-265-9149



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