Top 5 Aggressive Growth Mutual Funds - Best of Funds

Aggressive growth funds are a natural choice for investors to harness the impetus surging markets provide to stock prices. Such mutual funds normally create portfolios consisting of volatile securities, low priced stocks and IPOs, whose value would rise appreciably during such upswings. Fund managers primarily select companies which have an impressive track record growth performance and the ability to return substantial profits in the future. Investors with the propensity of choosing capital growth over dividends would do well to consider aggressive growth mutual 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.

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. This aggressive growth mutual fund returned 20.99% in the last one year period.

John Barr is the fund manager and has managed this aggressive growth mutual fund since 2010.

White Oak Select Growth (WOGSX) utilizes at least 80% of its assets to purchase common stocks. The fund focuses on acquiring securities of companies with market capitalizations higher than $5 billion. It selects companies which are underpriced relative to their future growth potential. The aggressive growth mutual fund has a three year annualized return of 8.59%.

The aggressive growth mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.25% against a category average of 1.31%.

Legg Mason ClearBridge Aggressive Growth A (SHRAX) seeks capital growth. The fund 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. This aggressive growth mutual fund returned 30.36% in the last one year period.

Evan S. Bauman is the fund manager and has managed this aggressive growth mutual fund since 2009.

Wells Fargo Advantage Discovery (STDIX) invests heavily in equity securities of small and mid-cap companies with the potential for above average growth. Firms considered for investment must have market caps within the range of the Russell Midcap Index. The aggressive growth mutual fund has a five year annualized return of 8.45%.

As of June 2011, this aggressive growth mutual fund held 67 issues, with 2.88% of its total assets invested in Kansas City Southern, Inc.

Waddell & Reed New Concepts A (UNECX) seeks capital growth by investing in mid-cap companies with above-average growth potential. It focuses on purchasing common stocks of domestic firms, but may also invest in foreign companies. The aggressive growth mutual fund returned 29.94% over the last one year period.

The aggressive growth mutual fund has a minimum initial investment of $500 and an expense ratio of 1.48% against a category average of 1.41%.

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.