Virtus Strategic Growth A (PSTAX) keeps at least 65% of its assets in large cap stocks with market capitalizations within the range of the Russell 1000 Growth Index. The fund returned 20.92% in the last one year period. As of February 2011, this growth mutual fund held 78 issues and its return in the last year has been 23.76%. The top 10 holdings account for 19.56% of the total assets in this fund. Zacks has it ranked the highest, yet Morningstar gives it the lowest ranking of only 1-star.
Invesco Van Kampen Mid Cap Growth A (VGRAX) is a growth fund tied to mid-cap equities and this fund has a ten year annualized return of 7.56%. Its expense ratio is 1.24% versus what is a category average of 1.41% (or 1.31% noted above). Its top 10 holdings account for 18.05% of the total assets in the fund and it has returned 20.14% over the last year. This fund is ranked with 3-stars by rival Morningstar.
When you screen the holdings of these companies, some of the common stocks that keep recurring in each are Salesforce.com, Inc. (NYSE: CRM), Priceline.com Inc. (NASDAQ: PCLN), Apple Inc. (NASDAQ: AAPL), Oracle Corporation (NASDAQ: ORCL), Wynn Resorts Ltd. (NASDAQ: WYNN), and Amazon.com inc. (NASDAQ: AMZN).
For every type of open-end mutual fund strategy, there is almost always a corresponding ETF. Two corresponding ETFs in growth stocks are the iShares Russell 1000 Growth Index (NYSE: IWF) and the iShares S&P 500 Growth Index (NYSE: IVW).
Here you can get all of the Zacks #1 ranked mutual funds. It is sometimes a bit odd when you see a ranking system that is so different from rivals. On the flip-side, analysts in stocks often have opposite calls from firm to firm. Most analysts rank Apple Inc. (NASDAQ: AAPL)
You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG