3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - August 06, 2020
If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Franklin Small-Mid Cap Growth Adviser (FSGAX): 0.62% expense ratio and 0.46% management fee. FSGAX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. FSGAX has achieved five-year annual returns of an astounding 11.56%.
Invesco Summit R5 (SMITX) is a stand out amongst its peers. SMITX 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. With five-year annualized performance of 15.25%, expense ratio of 0.77% and management fee of 0.63%, this diversified fund is an attractive buy with a strong history of performance.
MSIF Global Quality Portfolio I (MGQIX). Expense ratio: 0.9%. Management fee: 0.7%. Five year annual return: 11.72%. MGQIX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography.
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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