Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - July 15, 2020
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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 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 Janus Henderson Forty T (JACTX). JACTX 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 is a winner, boasting an expense ratio of 0.92%, management fee of 0.63%, and a five-year annualized return track record of 16.01%.
MSIF International Advantage A (MFAPX): 1.28% expense ratio and 0.78% management fee. MFAPX 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 yearly returns of 11.48% over the last five years, MFAPX is an effectively diversified fund with a long reputation of solidly positive performance.
MFS Mid-Cap Growth Fund R2 (MCPRX) is an attractive large-cap allocation. 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. MCPRX has an expense ratio of 1.3%, management fee of 0.69%, and annual returns of 13.21% over the past five years.
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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