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Make the Most of Your Retirement with These Top-Ranked Mutual Funds - August 14, 2020

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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.

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.

Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.

MFS Growth Fund R2 (MEGRX - Free Report) : 1.15% expense ratio and 0.54% management fee. MEGRX 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. MEGRX has achieved five-year annual returns of an astounding 16.03%.

AllianzGI Convertible Fund P (ANCMX - Free Report) : 0.7% expense ratio and 0.57% management fee. ANCMX is a Convertible Bonds mutual fund, and these funds are unique in the fixed income world; these securities have components of both fixed income and equity, making them hybrid securities. With yearly returns of 10.71% over the last five years, ANCMX is an effectively diversified fund with a long reputation of solidly positive performance.

Janus Henderson Global Technology Institutional (JGLTX - Free Report) : 0.75% expense ratio and 0.64% management fee. JGLTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 23.77% over the last five years.

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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In-Depth Zacks Research for the Tickers Above

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Virtus AllianzGI Convertible P (ANCMX) - free report >>

Janus Henderson VIT Gl Tech&Innv I (JGLTX) - free report >>

MFS Growth R2 (MEGRX) - free report >>

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