4 Funds To Gain From Robust Independence Day Spending

We expect these funds to outperform their peers in the future. Remember, the goal of the Zacks Mutual Fund Rank is to guide investors to identify potential winners and losers. Unlike most of the fund-rating systems, the Zacks Mutual Fund Rank is not just focused on past performance, but also on the likely future success of the fund.

The question here is: why should investors consider mutual funds? Reduced transaction costs and diversification of portfolio without several commission charges that are associated with stock purchases are primarily why one should be parking money in mutual funds.

Fidelity Select Leisure Fund (FDLSX - Free Report) seeks capital appreciation. FDLSX normally invests at least 80% of its assets in common stocks of companies principally engaged in the design, production, or distribution of goods or services in the leisure industries. The fund offers dividends and capital gains twice a year in April and December.

This Sector - Other product has a history of positive total returns for over 10 years. Specifically, the fund has returned 14.5% over the three-year and 10.6% over the five-year benchmarks.

FDLSX has a Zacks Rank #1 and an annual expense ratio of 0.76%, which is below the category average of 1.15%.

TIAA-CREF Mid-Cap Growth Fund Retail Class (TCMGX - Free Report) aims for favorable total return over a long period of time. The fund invests the majority of its assets in securities of medium-sized domestic companies as defined by the Russell Midcap Growth Index, which the investment adviser believes has the opportunity for growth.

This Zacks sector – Mid Cap Growth product has a history of positive total returns for over 10 years. Specifically, the fund has returned 12.6% over the three-year and 8.6% over the five-year benchmarks.

TCMGX has a Zacks Rank #1 and an annual expense ratio of 0.77%, which is below the category average of 1.18%.

Loomis Sayles Small Cap Growth Fund Retail Class (LCGRX - Free Report) seeks long-term capital appreciation by investing 80% of its net assets in securities of small-cap companies.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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