5 / 5 Stars
5 5 5 4 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#49 in Large Growth
U.S. News evaluated 466 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 26.86 percent over the past year, 14.53 percent over the past three years, and 27.63 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.0%|
|3 Years (Annualized)||14.5%|
|5 Years (Annualized)||27.6%|
|10 Years (Annualized)||N/A|
Co-manager Bob Bacarella says his fund has a three-pronged strategy. He acknowledges that many managers have trouble beating the returns of the S&P 500 Index over the long term. To combat that he puts half of the fund’s total assets into a few exchange-traded funds that track the S&P 500 Index. The remainder of the fund’s assets are placed in what Bacarella calls “best of breed” companies and some short-term trading opportunities that he sees in beaten-down industries like banking, automotives and the airlines. The best of breed companies include well-known consumer discretionary names like Disney, Coca-Cola, Amazon and Apple. “They tend to outperform in down markets because people gravitate toward the more defensive stocks, and in up markets they tend to have a higher beta characteristic, which means that they propel ahead,” Bacarella says.
The investment seeks long-term capital growth. The fund invests approximately 50% of its assets in ETFs and other funds that seek to track the S&P 500 Index. It will primarily seek to invest in common stocks of large-cap companies (those with market capitalizations of at least $10 billion) that the Adviser considers to be high quality, well known companies that produce products or provide services that are recognized by many investors. It may invest up to 10% of its assets in foreign stocks primarily through American Depositary Receipts ("ADRs").
Fees are Average compared to funds in the same category.
Monetta Young Investor has an expense ratio of 1.00 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.