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.
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.
If you are looking to diversify your portfolio, consider Harbor Capital Appreciation Institutional (HACAX). HACAX 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. This fund is a winner, boasting an expense ratio of 0.66%, management fee of 0.6%, and a five-year annualized return track record of 16.62%.
T. Rowe Price Mid-Cap Growth R (RRMGX). Expense ratio: 1.27%. Management fee: 0.61%. RRMGX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks–usually companies with a market cap between $2 billion and $10 billion–that demonstrate extensive growth opportunities for investors compared to their peers. This fund has managed to produce a robust 10.06% over the last five years.
Janus Henderson Global Technology Institutional (JGLTX) is an attractive large-cap allocation. With a much more diversified approach, JGLTX–part of the Sector – Tech mutual fund category–gives investors a way to own a stake in the notoriously risky tech sector. JGLTX has an expense ratio of 0.75%, management fee of 0.64%, and annual returns of 23.77% over the past five years.
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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