Worthy Funds That Are Finding Value in Growth

Coming out of a grueling recession, these past two years have presented real buying opportunities in stocks that are increasing at a faster rate than the sluggish economy. For example, growth firms such as  Netflix (NFLX),  Chipotle Mexican Grill (CMG), and  Apple (AAPL) have been on a tear.

And given that the state of the economy is uncertain, fund managers--particularly those of large-cap funds--have also been on the prowl for reasonably priced growth opportunities, with a particular emphasis on mega-cap, high-quality firms.

Large Value-Turned-Blend
To help identify solid bargain-hunting funds whose managers have turned up opportunities among companies with decent growth prospects, we turned to the  Premium Fund Screener. We started by screening for funds in the large-value category whose most recent portfolios tilted them into the "blend" area of the Morningstar Style Box. (Funds' category and style-box assignments can differ from time to time; the former are based on the fund's style-box placement during the past three years, whereas a fund's current style-box position is simply a snapshot of its most recent portfolio.) On the fees front, we called up no-load funds with expenses below the category average.