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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Principal Mid Cap Growth Institutional (PGWIX) has a 0.75% expense ratio and 0.65% management fee. PGWIX 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 yearly returns of 10.69% over the last five years, this fund clearly wins.
MSIF Advantage Portfolio A (MAPPX): 1.19% expense ratio and 0.65% management fee. MAPPX 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. MAPPX, with annual returns of 18.47% over the last five years, is a well-diversified fund with a long track record of success.
Fidelity Advisor Semiconductors I (FELIX). Expense ratio: 0.81%. Management fee: 0.54%. Five year annual return: 22.21%. With a much more diversified approach, FELIX–part of the Sector – Tech mutual fund category–gives investors a way to own a stake in the notoriously risky tech sector.
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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