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MFS GROWTH FD (MFEGX) - free report >>
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MFS GROWTH FD (MFEGX) - free report >>
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3 Strong Mutual Funds to Add to Your Retirement Portfolio Right Now August 24, 2020
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!
The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
MSIF Global Quality Portfolio I (MGQIX - Free Report) : 0.9% expense ratio and 0.7% management fee. MGQIX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. With annual returns of 11.72% over the last five years, this fund is a winner.
MFS Growth Fund A (MFEGX - Free Report) : 0.89% expense ratio and 0.54% management fee. MFEGX 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. MFEGX, with annual returns of 15.04% over the last five years, is a well-diversified fund with a long track record of success.
JPMorgan Small Cap Growth Fund R2 (JSGZX - Free Report) . Expense ratio: 1.49%. Management fee: 0.65%. Five year annual return: 13.59%. JSGZX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities.
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.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.