Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - July 20, 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.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
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 MFS Growth Fund R4 (MFEJX). MFEJX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. This fund is a winner, boasting an expense ratio of 0.65%, management fee of 0.54%, and a five-year annualized return track record of 16.61%.
MSIFT Mid Cap Growth Portfolio IS (MMCGX) is a stand out amongst its peers. MMCGX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers. With five-year annualized performance of 22.7%, expense ratio of 0.65% and management fee of 0.5%, this diversified fund is an attractive buy with a strong history of performance.
Brown Advisory Flexible Equity Institutional (BAFFX) is an attractive large-cap allocation. BAFFX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. BAFFX has an expense ratio of 0.56%, management fee of 0.44%, and annual returns of 11.22% 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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