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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?- September 28, 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.

Principal Large Cap Growth I A (PLGAX) has a 1% expense ratio and 0.6% management fee. PLGAX 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 yearly returns of 11.96% over the last five years, this fund clearly wins.

Goldman Sachs Small/Mid-Cap Growth IR (GTMTX): 0.99% expense ratio and 0.85% management fee. GTMTX 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. GTMTX, with annual returns of 11.19% over the last five years, is a well-diversified fund with a long track record of success.

Alger Health Sciences Z (AHSZX): 0.73% expense ratio and 0.55% management fee. AHSZX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. With a five-year annual return of 11.12%, this fund is a well-diversified fund with a long track record of success.

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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