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 break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
MassMutual Select Small Cap Growth Equity Service Class (MSCYX) has a 1.06% expense ratio and 0.8% management fee. MSCYX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With yearly returns of 10.44% over the last five years, this fund clearly wins.
T. Rowe Price Small Cap Stock Fund (OTCFX). Expense ratio: 0.88%. Management fee: 0.74%. OTCFX is a Small Cap Blend mutual fund, allowing investors a way to diversify their funds among various types of small-cap stocks. This fund has managed to produce a robust 11.69% over the last five years.
Hartford Core Equity A (HAIAX): 0.73% expense ratio and 0.35% management fee. HAIAX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. With a five-year annual return of 10.78%, this fund is a well-diversified fund with a long track record of success.
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.
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 (HAIAX): Fund Analysis Report
Get Your Free (OTCFX): Fund Analysis Report
Get Your Free (MSCYX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research