Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - October 01, 2020
If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.
Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
Principal Large Cap Growth I R2 (PPUNX): 1.34% expense ratio and 0.6% management fee. PPUNX 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 annual returns of 12.57% over the last five years, this fund is a winner.
MSIFT Mid Cap Growth Portfolio I (MPEGX) is a stand out amongst its peers. MPEGX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With five-year annualized performance of 22.6%, expense ratio of 0.76% and management fee of 0.5%, this diversified fund is an attractive buy with a strong history of performance.
Matthews China Small Companies Investor (MCSMX). Expense ratio: 1.42%. Management fee: 1%. Five year annual return: 18.73%. MCSMX is classified as a Pacific Rim - Equity fund, and these types of mutual funds see big investment opportunities in the dominant export-focused markets of Hong Kong, Singapore, Taiwan, and Korea.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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