The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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 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 Calvert Equity Portfolio I (CEYIX). CEYIX 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 0.71%, management fee of 0.6%, and a five-year annualized return track record of 14.31%.
Neuberger Berman Guardian A (NGDAX) is a stand out amongst its peers. NGDAX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With five-year annualized performance of 10.88%, expense ratio of 1.08% and management fee of 0.76%, this diversified fund is an attractive buy with a strong history of performance.
Oppenheimer Discovery R (ODINX). Expense ratio: 1.33%. Management fee: 0.62%. Five year annual return: 12.55%. ODINX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets.
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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