3 Great Mutual Fund Picks for Your Retirement - August 04, 2020

ABPRX PAGSX NBMLX

Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.

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.

Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

AB Large Cap Growth R (ABPRX - Free Report) : 1.26% expense ratio and 0.51% management fee. ABPRX 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. ABPRX has achieved five-year annual returns of an astounding 15.56%.

T. Rowe Price Global Stock Adviser (PAGSX - Free Report) . Expense ratio: 1.12%. Management fee: 0.64%. PAGSX 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. This fund has managed to produce a robust 14.75% over the last five years.

Neuberger Berman Mid Cap Growth I (NBMLX - Free Report) . Expense ratio: 0.7%. Management fee: 0.65%. Five year annual return: 10.26%. NBMLX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers.

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.

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