3 / 5 Stars
4 2 1 2 3
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 464 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 36.62 percent over the past year, 15.08 percent over the past three years, and 20.82 percent over the past five years.
|Trailing Returns||Updated 06.30.2014|
|Year to date||5.4%|
|3 Years (Annualized)||15.1%|
|5 Years (Annualized)||20.8%|
|10 Years (Annualized)||9.8%|
RidgeWorth Aggressive Growth Stock's high-octane approach has been paying off handsomely.
As of July 03, 2014, the fund has assets totaling almost $49.77 million invested in 48 different holdings. Its portfolio consists of shares of companies that span the market capitalization spectrum.
While technically a large-growth product, the fund has hefty exposure to mid-cap and even small-cap names. Its average market cap is less than a quarter of the size of that of the S&P 500. Since smaller companies tend to be more volatile, this makeup certainly adds some risks. But lately, the approach has paid off. In both 2009 and 2010, the fund's returns landed it in the top 10 percent of Morningstar's large-growth category. But the downside is that in tough years, the fund can lag its peers. In 2008, for instance, the fund lost a painful 44 percent.
Lately, the fund has been overweight in the hardware, telecommunications, and consumer services sectors, with names like Google, Apple, and Amazon occupying prominent spots in its portfolio. Since the fund's 2004 launch, it has put together some impressive numbers. As of the end of March, the fund's trailing five-year returns landed it in the top 5 percent of its Morningstar peer group. The fund has returned 36.62 percent over the past year, 15.08 percent over the past three years, and 20.82 percent over the past five years.
According to the fund's prospectus: "The Fund invests primarily in common stocks of companies that exhibit strong growth characteristics. In selecting investments for purchase and sale, [management] uses a fundamental research approach to identify companies with favorable prospects for future revenue, earnings, and/or cash flow growth. Growth 'drivers' are identified for each company and become critical to the ongoing evaluation process. Industry growth dynamics, company competitive positioning, pricing flexibility, and diversified product offerings are evaluated, providing the foundation for further fundamental research to determine the weighting of the Fund's investments. Generally the Fund will hold a limited number of securities."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
A team of three managers runs the fund.
RidgeWorth Aggressive Growth Stock Fund has an expense ratio of 1.29 percent.
Like all stock funds, this one comes with some risks.