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3 Great Mutual Fund Picks for Your Retirement - September 03, 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.

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

MSIF Growth Portfolio L (MSHLX - Free Report) : 1.32% expense ratio and 0.4% management fee. MSHLX 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. MSHLX has achieved five-year annual returns of an astounding 23.03%.

Baron Opportunity Fund Retail (BIOPX - Free Report) is a stand out amongst its peers. BIOPX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With five-year annualized performance of 20.1%, expense ratio of 1.36% and management fee of 1%, this diversified fund is an attractive buy with a strong history of performance.

Franklin Small-Mid Cap Growth A (FRSGX - Free Report) . Expense ratio: 0.87%. Management fee: 0.46%. Five year annual return: 10.1%. FRSGX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets.

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.

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