Growth-versus-value is one of the basic questions all investors face. The two strategies ebb and flow in popularity and in effectiveness. From looking at the past 12 months, your clients have their pick of double-digit returns either way, at least if they choose these top funds. We present the five best mutual funds in each category, first the top value funds, and then the top growth funds.

Funds must have at least $100 million in assets and five years of history to be considered for the list. Scroll through or click here to view this list as a slideshow.

Source: Morningstar

TOP VALUE

5 Columbia Large Value Quantitative K

Ticker: RLCYX
1 year return: 15.32%
3 year return: 21.38%
5 year return: 15.67%
Total assets: $978 Million

4 Columbia Large Value Quantitative I

Ticker: CLQIX
1 year return: 15.83%
3 year return: 21.75%
5 year return: 16.04%
Total assets: $978 Million

3 SEI Tax-Managed Mgd Volatility A (SIMT)

Ticker: TMMAX
1 year return: 16.18%
3 year return: 16.89%
5 year return: 14.70%
Total assets: $872 Million

2 SEI US Managed Volatility I (SIMT)

Ticker: SEVIX
1 year return: 16.21%
3 year return: 17.88%
5 year return: 14.96%
Total assets: $1.4 Billion

1 SEI US Managed Volatility A (SIMT)

Ticker: SVOAX
1 year return: 16.48%
3 year return: 18.20%
5 year return: 15.26%
Total assets: $1.4 Billion

TOP GROWTH

5 Vanguard Capital Opportunity Inv

Ticker: VHCOX
1 year return: 18.87%
3 year return: 29.09%
5 year return: 15.06%
Total assets: $14 Billion

4 Vanguard Capital Opportunity Adm

Ticker: VHCAX
1 year return: 18.94%
3 year return: 29.17%
5 year return: 15.14%
Total assets: $14 Billion

3 Shelton Nasdaq-100 Index Direct

Ticker: NASDX
1 year return: 18.96%
3 year return: 24.99%
5 year return: 18.12%
Total assets: $218 Million

2 Vanguard PRIMECAP Core Inv

Ticker: VPCCX
1 year return: 19.28%
3 year return: 22.98%
5 year return: 14.73%
Total assets: $7.6 Billion

1 Glenmede Large Cap Growth

Ticker: GTLLX
1 year return: 20.01%
3 year return: 24.21%
5 year return: 17.82%
Total assets: $1.5 Billion