3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - August 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.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
Dreyfus/Boston Small/Mid-Cap Growth A (DBMAX) has a 0.97% expense ratio and 0.6% management fee. DBMAX 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. With yearly returns of 14.85% over the last five years, this fund clearly wins.
JPMorgan US Equity Fund R6 (JUEMX). Expense ratio: 0.44%. Management fee: 0.4%. JUEMX 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. This fund has managed to produce a robust 11% over the last five years.
Victory Munder Small Cap Growth I (MIGSX) is an attractive large-cap allocation. MIGSX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. MIGSX has an expense ratio of 1.15%, management fee of 0.85%, and annual returns of 10.93% over the past five years.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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