3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - August 03, 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!
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 US Equity Fund R2 (JUEZX) has a 1.19% expense ratio and 0.4% management fee. JUEZX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 10.19% over the last five years, this fund clearly wins.
Hartford Global Growth HLS IA (HIALX): 0.8% expense ratio and 0.75% management fee. HIALX 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. HIALX, with annual returns of 13.47% over the last five years, is a well-diversified fund with a long track record of success.
MSIF Advantage Portfolio L (MAPLX): 0.95% expense ratio and 0.65% management fee. MAPLX 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 a five-year annual return of 19.96%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.
This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
Get Your Free (HIALX): Fund Analysis Report
Get Your Free (MAPLX): Fund Analysis Report
Get Your Free (JUEZX): Fund Analysis Report
To read this article on Zacks.com click here.
