3 Top-Ranked Mutual Funds for Your Retirement - July 17, 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.
AB Discovery Growth Z (CHCZX): 0.65% expense ratio and 0.61% management fee. CHCZX 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. CHCZX has achieved five-year annual returns of an astounding 12.77%.
Nationwide Growth Fund R (GGFRX): 1.3% expense ratio and 0.45% management fee. GGFRX 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. GGFRX, with annual returns of 11.3% over the last five years, is a well-diversified fund with a long track record of success.
Hennessy Japan Fund Investor (HJPNX): 1.43% expense ratio and 0.8% management fee. HJPNX is a Pacific Rim - Equity mutual fund; these funds typically invest in companies throughout the dominant export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. With a five-year annual return of 10.07%, this fund is a well-diversified fund with a long track record of success.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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