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3 Strong Mutual Funds to Add to Your Retirement Portfolio Right Now August 25, 2020

The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

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 take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

If you are looking to diversify your portfolio, consider Goldman Sachs Small/Mid-Cap Growth Institutional (GSMYX). GSMYX 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 is a winner, boasting an expense ratio of 0.93%, management fee of 0.85%, and a five-year annualized return track record of 11.31%.

T. Rowe Price Global Stock (PRGSX): 0.79% expense ratio and 0.64% management fee. PRGSX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. PRGSX, with annual returns of 15.08% over the last five years, is a well-diversified fund with a long track record of success.

JPMorgan Intrepid Growth Fund R2 (JIGZX): 1.09% expense ratio and 0.3% management fee. JIGZX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With a five-year annual return of 12.29%, this fund is a well-diversified fund with a long track record of success.

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.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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