Make the Most of Your Retirement with These Top-Ranked Mutual Funds - July 08, 2020
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Janus Henderson Global Technology A (JATAX): 0.99% expense ratio and 0.64% management fee. JATAX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With annual returns of 15.23% over the last five years, this fund is a winner.
Fidelity Growth Company (FDGRX): 0.83% expense ratio and 0.69% management fee. FDGRX 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. With yearly returns of 11.67% over the last five years, FDGRX is an effectively diversified fund with a long reputation of solidly positive performance.
Riverbridge Growth Fund Investor (RIVRX) is an attractive large-cap allocation. RIVRX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. RIVRX has an expense ratio of 1.21%, management fee of 0.75%, and annual returns of 10.32% over the past five years.
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.
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