3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- July 20, 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.
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 break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
Harbor Global Leaders Investor (HGGIX): 1.23% expense ratio and 0.75% management fee. HGGIX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. HGGIX has achieved five-year annual returns of an astounding 11.16%.
Baron Fifth Avenue Growth Retail (BFTHX). Expense ratio: 1%. Management fee: 0.7%. BFTHX 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. This fund has managed to produce a robust 17.88% over the last five years.
Franklin DynaTech R6 (FDTRX). Expense ratio: 0.48%. Management fee: 0.46%. Five year annual return: 19.92%. FDTRX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach.
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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