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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - August 04, 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 take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

If you are looking to diversify your portfolio, consider BMO Large-Cap Growth Fund Y (MASTX). MASTX 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. This fund is a winner, boasting an expense ratio of 0.79%, management fee of 0.35%, and a five-year annualized return track record of 12.82%.

MFS Mid-Cap Growth Fund R2 (MCPRX). Expense ratio: 1.3%. Management fee: 0.69%. MCPRX 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 13.21% over the last five years.

Fidelity Trend Fund (FTRNX): 0.63% expense ratio and 0.46% management fee. FTRNX 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. With a five-year annual return of 15.69%, this fund is a well-diversified fund with a long track record of success.

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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