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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - August 24, 2020

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!

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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider John Hancock2 Mid Cap Stock 1 (JIMSX). JIMSX 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 is a winner, boasting an expense ratio of 0.92%, management fee of 0.83%, and a five-year annualized return track record of 14.11%.

Fidelity OTC Portfolio K (FOCKX). Expense ratio: 0.8%. Management fee: 0.73%. FOCKX 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. This fund has managed to produce a robust 18.37% over the last five years.

Oppenheimer Gold & Special Mineral I (OGMIX): 0.74% expense ratio and 0.68% management fee. Sector - Precious Metal funds like OGMIX normally invest in stocks focused on the mining and production of precious metals such as gold, silver, platinum, and palladium. With a five-year annual return of 18.34%, 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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