In this article, we discuss 5 top-performing mutual funds for 10 years. If you want to see more of top-performing mutual funds, check out Top-Performing Mutual Funds for 10 years.
5. Fidelity Growth Company Fund (NASDAQ:FDGRX)
Ten-Year Gain: 17.60%
MorningStar Rating: 5 Star
Fidelity Growth Company Fund (NASDAQ:FDGRX)’s edge as one of the best-performing mutual funds stems from its investment strategy focusing on large-cap companies with tremendous growth potential. The investment strategy focuses on capital appreciation by investing in above-average growth potential stocks.
The hedge fund has benefited from its investments in NVIDIA Corporation (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN), which have been in fine form over the past year. Consequently, it has gained 38.12% year to date and averages about 17.60% gain over the past ten years. The stellar performance underscores why Fidelity Growth Company Fund (NASDAQ:FDGRX) is rated as a five-star mutual fund on MorningStar.
4. Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX)
Ten-Year Gain: 18.17%
MorningStar Rating: 5 Star
Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX) lives up to its status as a five-star mutual fund thanks to a strong investment culture. It mostly invests in stocks that have the potential to beat their respective category and allow it to track the performance of the Nasdaq 100 before fees and expenses.
Shelton Capital Management Nasdaq-100 Index Fund (NASDAQ:NASDX) invests nearly 80% of its assets in stocks within the Nasdaq 100, therefore, offering exposure to some of the big tech companies in the US. Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), NVIDIA Corporation (NASDAQ:NVDA), and Tesla, Inc. (NASDAQ:TSLA) investments have allowed the fund to deliver solid returns over the years.
The fund has already gained 42.66% year to date and boasts an 18.17% average return over the past ten years.
3. VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX)
Ten-Year Gain: 18.24%
MorningStar Rating: 5 Star
VALIC Company I Nasdaq-100 Index Fund (NASDAQ:VCNIX) is another five-star mutual fund, according to MorningStar ratings, that strives to generate long-term capital growth. It invests most of its holdings in large-cap companies focusing on those listed on the Nasdaq 100 index.
Given that it invests nearly 80% of its assets in stocks in the Nasdaq 100, its performance tends to align with that of the benchmark index. Microsoft Corporation (NASDAQ:MSFT) stock remains its biggest holding in the index, followed by Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN). It also boasts of holdings in NVIDIA Corporation (NASDAQ:NVDA) and Meta platforms. The five stocks account for 42% of the mutual fund portfolio.
With nearly half of its holding in some of the biggest tech companies explains, the fund’s strong performance depicted by 42.50% year-to-date gain. Additionally, the fund has an average 18.24% return over the past ten years.
2. Victory NASDAQ-100 Index (NASDAQ:USNQX)
Ten-Year Gain: 18.31%
MorningStar Rating: 5 Star
Victory NASDAQ-100 Index (NASDAQ:USNQX) is a five-star mutual fund that seeks to track and march before fees and expenses the performance of stocks in the Nasdaq 100 index. Consequently, it invests nearly 80% of its assets in stocks in the Nasdaq 100 to track its performance.
Microsoft Corporation (NASDAQ:MSFT) accounts for the biggest weight of the fund’s weight at 12.73%, followed by Apple Inc. (NASDAQ:AAPL) at 12.39% and NVIDIA Corporation (NASDAQ:NVDA) at 6.84%. It also boasts significant stakes in Amazon.com, Inc. (NASDAQ:AMZN) and Tesla.
The mutual fund has gained nearly 42% year to date and boasts a ten-year average return of 18.31%.
1. Baron Partners Fund (NASDAQ:BPTRX)
Ten-Year Gain: 20.69%
MorningStar Rating: 4 Star
Baron Partners Fund (NASDAQ:BPTRX) has been one of the best-performing mutual funds over the past decade, owing to its focus on large-cap stocks. While the fund seeks capital appreciation through its strategy, it invests mainly in large-cap companies with a sustainable competitive advantage and attractive valuation.
Tesla, Inc. (NASDAQ:TSLA) remains the mutual funds biggest holding, accounting for about 46% of the portfolio weight, having gained more than 130% year to date. Its other big holdings include CoStar Group, Inc. (NASDAQ:CSGP), up 16%, and Arch Capital Group Ltd. (NASDAQ:ACGL), up 30% year to date.
Baron Partners Fund (NASDAQ:BPTRX) has gained nearly 46% year to date and averaged a 20% gain over the past ten years. It boasts of a four-star rating on Morningstar owing to its solid performance over the years and low risk and costs compared to other funds.
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