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3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- September 01, 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.
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.
Franklin Gold & Precious Metals A (FKRCX - Free Report) has a 0.94% expense ratio and 0.48% management fee. FKRCX is classified as a Sector - Precious Metal fund, and these mutual funds invest in stocks with a focus on the mining and production of precious metals like gold, silver, platinum, and palladium. With yearly returns of 11.37% over the last five years, this fund clearly wins.
Fidelity Growth Discovery (FDSVX - Free Report) : 0.78% expense ratio and 0.57% management fee. FDSVX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With yearly returns of 14.6% over the last five years, FDSVX is an effectively diversified fund with a long reputation of solidly positive performance.
Goldman Sachs Small/Mid-Cap Growth Service Class (GSMQX - Free Report) . Expense ratio: 1.43%. Management fee: 0.85%. Five year annual return: 10.75%. GSMQX 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.
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.
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.
Image: Bigstock
3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- September 01, 2020
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.
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.
Franklin Gold & Precious Metals A (FKRCX - Free Report) has a 0.94% expense ratio and 0.48% management fee. FKRCX is classified as a Sector - Precious Metal fund, and these mutual funds invest in stocks with a focus on the mining and production of precious metals like gold, silver, platinum, and palladium. With yearly returns of 11.37% over the last five years, this fund clearly wins.
Fidelity Growth Discovery (FDSVX - Free Report) : 0.78% expense ratio and 0.57% management fee. FDSVX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With yearly returns of 14.6% over the last five years, FDSVX is an effectively diversified fund with a long reputation of solidly positive performance.
Goldman Sachs Small/Mid-Cap Growth Service Class (GSMQX - Free Report) . Expense ratio: 1.43%. Management fee: 0.85%. Five year annual return: 10.75%. GSMQX 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.
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.
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.