Aggressive growth funds are a favorite with investors seeking to reap maximum gains from surging markets. This category of funds normally hold a portfolio consisting of volatile securities, low priced stocks and IPOs, whose value would rise appreciably during such positive phases. They primarily select companies which have recorded impressive growth performance and possess the ability to deliver impressive profits in the future. Investors with the propensity to choose capital growth over dividends would do well to consider aggressive growth funds.
Below we will share with you 5 top rated aggressive 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 aggressive growth funds, then click here.
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 mutual fund returned 18.21% in the last one year period.
Wells Fargo Advantage Discovery (STDIX) seeks long term capital growth. Equity securities of small and mid-cap companies with the potential for above average growth constitute the fund’s major investments. It may also invest in foreign equity securities using ADRs or similar instruments. The aggressive growth mutual fund has a ten year annualized return of 5.33%.
The aggressive growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.38% against a category average of 1.47%.
Fidelity Growth Strategies (FDEGX) invests in companies with the potential to grow earnings or revenue significantly. The fund focuses on acquiring common stocks issued by domestic or foreign companies. Mid-cap companies are its preferred choice for investment purposes, but it may also invest in smaller or larger firms. This aggressive growth mutual fund returned 20.86% in the last one year period.
As of June 2010, this aggressive growth mutual fund held 80 issues, with 4.50% of its total assets invested in ArthroCare Corporation.
Needham Aggressive Growth (NEAGX) seeks long term capital growth. Equity securities of domestic companies constitute a large portion of the fund’s investments. The fund invests in companies of all sizes, but focuses on acquiring stocks of smaller companies to achieve its investment objectives. The aggressive growth mutual fund is non-diversified and has a five year annualized return of 6.53%.
John Barr is the fund manager and has managed this aggressive growth mutual fund since 2010.
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. This aggressive growth mutual fund returned 23.48% in the last one year period.
The aggressive growth mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.08% against a category average of 1.47%.
To view the Zacks Rank and past performance of all aggressive growth mutual 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/
