3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - July 15, 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.
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 take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Guidestone Growth Equity Institutional (GGEYX): 0.71% expense ratio and 0.67% management fee. GGEYX 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. GGEYX has achieved five-year annual returns of an astounding 14.87%.
MassMutual Select Mid Cap Growth R5 (MGRFX) is a stand out amongst its peers. MGRFX 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 10.86%, expense ratio of 0.81% and management fee of 0.68%, this diversified fund is an attractive buy with a strong history of performance.
JPMorgan US Equity Fund R5 (JUSRX). Expense ratio: 0.54%. Management fee: 0.4%. Five year annual return: 10.91%. JUSRX 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.
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.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.
Get Your FREE Guide Now
Get Your Free (GGEYX): Fund Analysis Report
Get Your Free (MGRFX): Fund Analysis Report
Get Your Free (JUSRX): Fund Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.