Top 5 Aggressive Growth Mutual Funds - Best of Funds

Investors looking to make the most of positive market conditions would do well to consider aggressive growth funds. These funds invest heavily in underpriced stocks, IPOs and volatile securities in order to reap maximum benefits when markets are surging. Securities are selected on the basis of their issuing company's potential for growth and profitability. By holding a larger number of securities and constantly adjusting portfolios, aggressive growth funds offer a less risky route to investing in these instruments

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.

Legg Mason ClearBridge Aggressive Growth A (SHRAX) focuses on acquiring equity securities of companies whose earnings growth is higher than the average returned by firms which make up the S&P 500. Not more than 25% of the fund's assets may be invested in foreign securities. This aggressive growth mutual fund returned 49% in the last one year period.

The aggressive growth mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.29% against a category average of 1.31%.

Needham Aggressive Growth (NEAGX) seeks capital appreciation. Equity securities of domestic companies constitute at least 65% of the fund's investments. The fund invests in companies of all sizes but concentrates on smaller firms. The aggressive growth mutual fund has a three year annualized return of 15.93%.

As of June 2011, this aggressive growth mutual fund held 89 issues, with 13.05% of its total assets invested in Dreyfus Treasury Pr Cash Mgmt Inst.

Delaware Select Growth A (DVEAX) invests in companies with superior growth potential and the ability to grow faster than the domestic economy. It invests in companies with a wide range of market capitalizations which are attractively priced. The aggressive growth mutual fund returned 42.26% over the last one year period.

Christopher M. Ericksen is the fund manager and has managed this aggressive growth mutual fund since 2007.

Quaker Strategic Growth A (QUAGX) seeks long term capital appreciation. The fund invests a large share of its assets in common stocks of domestic companies with a wide range of market capitalizations. The aggressive growth mutual fund has a ten year annualized return of 3.44%.

The aggressive growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.99% against a category average of 1.31%.

First Investors Select Growth A (FICGX) invests in around 40-45 common stocks issued by companies of all sizes. These securities are selected on the basis of their ability to return superior earnings growth while also minimizing the occurrence of negative earnings surprises. This aggressive growth mutual fund returned 45.17% in the last one year period.

Eivind Michelle Olsen is the fund manager and has managed this aggressive growth mutual fund since 2009.

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.