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American Funds Wash Mutual R5 (RWMFX) - free report >>
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American Funds Wash Mutual R5 (RWMFX) - free report >>
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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?- March 31, 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!
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.
American Funds Washington Mutual Investors R5 (RWMFX - Free Report) : 0.33% expense ratio and 0.23% management fee. RWMFX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With annual returns of 10.87% over the last five years, this fund is a winner.
Columbia Acorn European Adv (CLOFX - Free Report) . Expense ratio: 1.19%. Management fee: 1.16%. CLOFX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too. This fund has managed to produce a robust 10.74% over the last five years.
MFS Mid-Cap Growth Fund I (OTCIX - Free Report) : 0.83% expense ratio and 0.69% management fee. OTCIX 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 a five-year annual return of 13.97%, this fund is a well-diversified fund with a long track record of success.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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.