Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - January 03, 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.

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.

Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

JPMorgan Large Cap Growth A (OLGAX) has a 0.93% expense ratio and 0.45% management fee. OLGAX 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 12.77% over the last five years, this fund clearly wins.

Loomis Sayles Small Cap Growth N (LSSNX). Expense ratio: 0.82%. Management fee: 0.75%. LSSNX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. This fund has managed to produce a robust 11.3% over the last five years.

Hennessy Focus Fund Institutional (HFCIX): 1.11% expense ratio and 0.9% management fee. HFCIX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 11.06% over the last five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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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.

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