Boost Your Retirement Portfolio with These 3 Top Mutual Funds - August 27, 2020

The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.

Van Eck International Investors Gold A (INIVX): 1.45% expense ratio and 0.73% management fee. Sector - Precious Metal funds like INIVX normally invest in stocks focused on the mining and production of precious metals such as gold, silver, platinum, and palladium. INIVX has achieved five-year annual returns of an astounding 15.14%.

JPMorgan Large Cap Growth R5 (JLGRX): 0.54% expense ratio and 0.45% management fee. JLGRX 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. With yearly returns of 18.21% over the last five years, JLGRX is an effectively diversified fund with a long reputation of solidly positive performance.

PIMCO StocksPLUS Admiral (PPLAX). Expense ratio: 0.75%. Management fee: 0.5%. Five year annual return: 10.11%. PPLAX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation.

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.

Do You Know the Top 9 Retirement Investing Mistakes?

Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.

To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.

This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
Get Your Free (INIVX): Fund Analysis Report
Get Your Free (PPLAX): Fund Analysis Report
Get Your Free (JLGRX): Fund Analysis Report
To read this article on click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.