Boost Your Retirement Portfolio with These 3 Top Mutual Funds - October 07, 2020
If you have invested in any of the funds on our Magnificent Retirement Mutual Funds list, congratulations on owning some of the best-managed, high-performing mutual funds. If you're lucky enough to discover our list of the top funds for the first time, it's never too late to invest with the best, especially when it comes to your retirement.
The easiest and most reliable way to gauge the quality of a mutual fund over time is to analyze its performance, diversification and fees. Our Zacks rankings include over 19,000 mutual funds and have helped us identify three outstanding options that are perfect for long-term investor portfolios looking to retire.
Let's break down some of the highest Zacks ranked mutual funds and lowest fees.
Harbor Capital Appreciation Admiral (HRCAX): 0.91% expense ratio and 0.6% management fee. HRCAX is a large cap growth option. These mutual funds buy shares in many large US companies that are expected to perform and grow faster than other large-cap stocks. With an annual return of 16.33% over the past five years, this fund is a winner.
MSIF Global Quality Portfolio IS (MGQSX): Expense ratio 0.85% and management fee 0.7%. MGQSX is a global equity mutual fund that invests its assets in large markets and capitalizes on the global economy. With an annual return of 11.76% over the past five years, MGQSX is an effectively diversified fund with a long history of solid positive performance.
JPMorgan Mid Cap Growth Fund R5 (JMGFX): 0.79% expense ratio and 0.65% management fee. JMGFX is a medium cap growth mutual fund. These funds target companies with market capitalizations between $ 2 billion and $ 10 billion that are expected to provide greater growth opportunities for investors than their peers. The fund is primarily invested in equities and has a long history of performance, with an annual return of 12.49% over the past five years.
We hope that your investment advisor (if you are using one) has invested you in any or all of the top quality mutual funds we review. If it doesn't, however, it may be time to have a conversation or reconsider this all-important relationship.
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