3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- March 20, 2020
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Fidelity Select Medical Equipment & Systems (FSMEX): 0.72% expense ratio and 0.54% management fee. FSMEX is classified as a Sector - Health fund. Healthcare is one of the biggest sectors of the American economy, and these kinds of mutual funds provide a great opportunity to invest in this industry. FSMEX has achieved five-year annual returns of an astounding 17.27%.
MassMutual Select Mid Cap Growth A (MEFAX). Expense ratio: 1.26%. Management fee: 0.68%. MEFAX 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. This fund has managed to produce a robust 11.23% over the last five years.
Franklin DynaTech Adviser (FDYZX). Expense ratio: 0.6%. Management fee: 0.46%. Five year annual return: 16.78%. FDYZX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach.
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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