These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio July 14, 2020
If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.
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.
Oppenheimer Discovery Y (ODIYX): 0.84% expense ratio and 0.62% management fee. ODIYX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. ODIYX has achieved five-year annual returns of an astounding 13.11%.
T. Rowe Price Growth Stock Adviser (TRSAX) is a stand out amongst its peers. TRSAX 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. With five-year annualized performance of 14.33%, expense ratio of 0.92% and management fee of 0.51%, this diversified fund is an attractive buy with a strong history of performance.
Lord Abbett Convertible Fund F (LBFFX). Expense ratio: 0.96%. Management fee: 0.7%. Five year annual return: 10.86%. LBFFX is a Convertible Bonds mutual fund, and these funds are unique in the fixed income world; these securities have components of both fixed income and equity, making them hybrid securities.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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