These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio September 25, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.
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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
MFS Growth Fund A (MFEGX) has a 0.87% expense ratio and 0.54% management fee. MFEGX 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. With yearly returns of 15.04% over the last five years, this fund clearly wins.
Fidelity Fund K (FFDKX): 0.39% expense ratio and 0.32% management fee. FFDKX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. FFDKX, with annual returns of 11.8% over the last five years, is a well-diversified fund with a long track record of success.
Harbor Global Leaders Investor (HGGIX). Expense ratio: 1.23%. Management fee: 0.75%. Five year annual return: 11.16%. HGGIX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations.
So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.
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