3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- April 08, 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.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
TIAA-CREF Enhanced Large Cap Growth Index Institutional (TLIIX) has a 0.32% expense ratio and 0.3% management fee. TLIIX 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. With yearly returns of 13.91% over the last five years, this fund clearly wins.
Fidelity Advisor Health Care I (FHCIX): 0.76% expense ratio and 0.54% management fee. FHCIX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. FHCIX, with annual returns of 10.4% over the last five years, is a well-diversified fund with a long track record of success.
Hartford Stock HLS IA (HSTAX): 0.51% expense ratio and 0.48% management fee. HSTAX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 11.63% over the last five years.
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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