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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - January 24, 2020

Zacks Equity Research

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, 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 break down some of the mutual funds with the highest Zacks Rank and the lowest fees.

If you are looking to diversify your portfolio, consider Janus Henderson Global Technology I (JATIX). With a much more diversified approach, JATIX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. This fund is a winner, boasting an expense ratio of 0.76%, management fee of 0.64%, and a five-year annualized return track record of 20.4%.

Dreyfus Appreciation Fund Y (DGYGX). Expense ratio: 0.59%. Management fee: 0.55%. DGYGX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. This fund has managed to produce a robust 11.22% over the last five years.

Fidelity Blue Chip Growth (FBGRX). Expense ratio: 0.8%. Management fee: 0.64%. Five year annual return: 14.65%. FBGRX 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.

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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