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!
The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
TIAA-CREF Enhanced Large Cap Growth Index Institutional (TLIIX): 0.32% expense ratio and 0.31% management fee. TLIIX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. With annual returns of 14.6% over the last five years, this fund is a winner.
Champlain Mid Cap Fund Adviser (CIPMX): 1.1% expense ratio and 0.71% management fee. CIPMX 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. CIPMX, with annual returns of 12.32% over the last five years, is a well-diversified fund with a long track record of success.
T. Rowe Price Dividend Growth (PRDGX). Expense ratio: 0.62%. Management fee: 0.49%. Five year annual return: 10.45%. PRDGX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset.
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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