Make the Most of Your Retirement with These Top-Ranked Mutual Funds - April 06, 2020

Zacks Equity Research

The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement 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 American Funds Growth Fund of America R4 (RGAEX). RGAEX 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 0.67%, management fee of 0.27%, and a five-year annualized return track record of 12.35%.

VY T. Rowe Price Diversified Mid Cap Growth Service Class (IAXSX) is a stand out amongst its peers. IAXSX 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. With five-year annualized performance of 12.38%, expense ratio of 1.03% and management fee of 0.74%, this diversified fund is an attractive buy with a strong history of performance.

T. Rowe Price QM US Small Cap Growth Equity (PRDSX): 0.79% expense ratio and 0.64% management fee. PRDSX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With a five-year annual return of 11.46%, this fund is a well-diversified fund with a long track record of success.

There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.

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