Top Performing Large Growth Funds 2013Large growth funds focus its investment in huge U.S. companies with higher grow potential than other large cap stocks. These large growth stocks have higher growth rates for earnings, sales, book value and cash flow. The stock prices have high valuations as well in term of high price ratios and low dividend yields.
The list is sorted based on the 1 year total return up to February 1, 2013. You can find fund review below. Other information such as expense ratio, management, top holdings, top sector, sales load, and shares price can be found as well.
The top performing large growth mutual funds February 2013 are:
- Matthew 25 Fund (MXXVX)
- Hartford Growth Opportunities Fund (HGOAX)
- Parnassus Fund (PARNX)
- Federated Kaufmann Large Cap Fund (KLCAX)
- Vulcan Value Partners Fund (VVPLX)
- American Funds New Economy Fund (ANEFX)
- Janus Forty Fund (JDCAX)
- Touchstone Sands Capital Select Growth Fund (TSNAX)
Matthew 25 fund (MXXVX)As the best large growth mutual fund, Matthew 25 fund has total net assets of $417.5 million. It utilizes its assets to purchase stocks of companies with small, medium, or large capitalization. The annual expense ratio is 1.22%. It also has 0.16% dividend yield. The most recent distribution was in December 2012 with $0.04. Morningstar rated this fund with 4-stars rating. Mark Mulholland is fund manager as well as the president of the Fund.
The YTD return of this fund is 5.73%. This top performing large growth mutual fund has returned 12.95% over the past 5-years and 10.41% over the past 10-years. The best 1-year total return within its 14 years of positive return was in 2009 with 47.89%. The fund’s shares price is $23.58.
The top 5 stocks of this fund as of June 2012 are Apple Inc (17.45%), Cabela’s Inc (6.47%), MasterCard Incorporated Class A (5.92%), Catepillar Inc (5.37%) and Brandywine Realty Trust (5.26%). The top sectors are Financial Services (26.38%) and Technology (23.43%).
Hartford Growth Opportunities Fund (HGOAX)
The management team of this Hartford Growth Opportunities fund consists of Michael T. Carmen, Mario E. Abularach and Stephen Mortimer. It has large net assets of $2.1 billion. It charges 1.21% annual expense ratio and 1.00% management fee. The fund objective is to provide capital appreciation. The minimum initial investment for brokerage account is $2,000.
This top performing large growth mutual fund has been in the market since 2002. It has recorded 8 years of positive return and 2 years of negative return. It has YTD return of 5.85%. The 5-year annualized return is 2.65%.
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As of December 2012, the top holdings are Apple Inc (4.03%), Amazon.com Inc (2.63%), Catamaran Corp (2.08%), Hologic Inc (2.06%) and Google Inc (2.06%). The top sector exposure is Information Technology (26%) and Consumer Discretionary (23%).
Parnassus Fund (PARNX)
Since its inception in December 1984, Jerome L. Dodson has been managing this top performer fund. It invests mainly in undervalued stocks. The fund has $523 million of total net assets. Its dividend yield is 1.84%. This dividend is distributed annually. It also has annual expense ratio of 0.94%. The fund is ranked with 3-stars rating by Morningstar.The fund has returned 18.29% over the past 1-year and 8.40% over the past decade. Within 23 years of positive return, the best 1 year total returned was achieved in 2009 with 47.93%. It has year-to-date return of 6.92%. S&P 500 Index is the fund’s benchmark.
The top holdings as of fourth quarter of 2012 are Ciena Corp (5.4%), Applied Materials Inc (4.7%), Finisar Corp (4.6%), Intel Corp (3.7%), Charles Schwab Corp (3.6%) and Microsoft Corp (3.6%). The top sector weightings are Information Technology (46%), Consumer Discretionary (16%) and Financials (14%).
Federated Kaufmann Large Cap Fund (KLCAX)
Ranked with 4-stars rating, this Federated Kaufmann Large Cap fund uses its assets to buy common stocks of large companies. It has $430.9 million of total net assets. The annual expense ratio is 1.50%, which is higher compared to the average in large growth category (1.27%). It also has annual holdings turnover of 94% as of January 2013.
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This top performing large growth mutual fund has YTD return of 7.05%. Based on the load adjusted returns, it has returned 19.11% over the past 1-year and 4.92% over the past 5-year. The fund’s benchmark is Russell 1000 Growth Index.
As of December 2012, the top 5 stocks are American International Group Inc (3.4%), Lyondellbasell Industris N SHS-A (3.1%), NXP Semiconductors NV (3.0%), Gilead Sciences Inc (2.9%) and Qualcomm Inc (2.7%). The top sectors are Information Technology (25.8%) and Health Care (17.0%).
Vulcan Value Partners Fund (VVPLX)
Vulcan Value Partners fund is a 5-stars rating mutual fund. The fund has total net assets of $404 million. It also has 0.80% 12-month dividend yield and the annual expense ratio of 1.50%. It invests mainly in undervalued mid-cap and large-cap companies.Currently, the year-to-date return is 6.45%. This best performing mutual fund has returned 22.73% over the past 1-year and 17.20% over the past 3-year. It has always contributed in positive return since the inception in 2009.
The top 10 holdings represent 47.6% of the total portfolio. They are Apple Inc (6.1%), Bank of NY Mellon (4.9%), Franklin Resources (4.8%), CME Group Inc (4.8%), etc. The top industry weightings are Systems Software (12.4%), Asset Management & Custody Banks (9.8%) and Specialized Finance (9.5%).
American Funds New Economy Fund (ANEFX)
Morningstar analysts rank this American Funds New Economy Fund with 5-stars and Gold rating. This American Funds mutual fund has large total assets of $7.9 billion. The annual expense ratio is 0.87%. It distributes 0.56% dividend yield with the latest distribution in December 2012 with $0.18.
The YTD return of this ANEFX fund is 6.89%. Since 1983, the fund has recorded 22 years of positive return and 7 years of negative return so far. The best 1-year total return was in 1999 with 45.87%.
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As of December 2012, the largest equity holdings are Galaxy Entertainment Group (2.5%), Gilead Sciences (2.3%), Crown Castle International (2.0%), Google (1.9%), Hologic (1.8%) and Netflix (1.8%). The top geographic breakdown is 56.2% in United States and 21.8% in Asia & Pacific Basin.
Disclosure: No Position
Fund Performance
| No | Fund Description | Ticker | Yield | Expense | Net Assets (mil) | YTD Return % | 1 Year Return % | 3 Year Return % | 5 Year Return % | 10 Year Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Matthew 25 | MXXVX | 0.16 | 1.22 | $418 | 5.73 | 24.59 | 27.38 | 12.95 | 10.41 |
| 2 | Hartford Growth Opportunities A | HGOAX | 0 | 1.21 | $2,100 | 5.85 | 3.02 | 18.42 | 2.65 | 11.04 |
| 3 | Parnassus | PARNX | 1.76 | 0.94 | $523 | 6.32 | 18.29 | 15.34 | 9.17 | 8.4 |
| 4 | Federated Kaufmann Large Cap A | KLCAX | 0 | 1.5 | $431 | 7.05 | 19 | 17.42 | 8.73 | N/A |
| 5 | Vulcan Value Partners | VVPLX | 0.8 | 1.5 | $404 | 6.45 | 22.73 | 17.2 | N/A | N/A |
| 6 | American Funds New Economy A | ANEFX | 0.56 | 0.85 | $7,900 | 6.89 | 19.09 | 14.92 | 6.05 | 10.78 |
| 7 | Janus Forty A | JDCAX | 0.38 | 0.88 | $3,600 | 2.68 | 14.97 | 9.69 | 2.56 | 9.72 |
| 8 | Touchstone Sands Capital Select Growth A | TSNAX | 0 | 1.37 | $4,100 | 5.51 | 15.67 | 20.63 | 10.48 | 11.03 |
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