3 Great Mutual Fund Picks for Your Retirement - September 28, 2020

Zacks Equity Research
·2-min read

The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

Lord Abbett Convertible Fund P (LCFPX) has a 1.33% expense ratio and 0.7% management fee. LCFPX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. With yearly returns of 10.53% over the last five years, this fund clearly wins.

Hartford Core Equity R3 (HGIRX): 1.08% expense ratio and 0.34% management fee. HGIRX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. HGIRX, with annual returns of 10.04% over the last five years, is a well-diversified fund with a long track record of success.

MFS Growth Fund R3 (MFEHX). Expense ratio: 0.88%. Management fee: 0.54%. Five year annual return: 16.32%. MFEHX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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