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Commerce Growth (CFGRX) - free report >>
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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?- September 03, 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 break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
Commerce Growth Fund (CFGRX - Free Report) has a 0.7% expense ratio and 0.4% management fee. CFGRX 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. With yearly returns of 15.49% over the last five years, this fund clearly wins.
MSIF Small Company Growth Portfolio A (MSSMX - Free Report) . Expense ratio: 1.29%. Management fee: 0.92%. MSSMX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. This fund has managed to produce a robust 13.58% over the last five years.
Hartford Core Equity Y (HGIYX - Free Report) . Expense ratio: 0.44%. Management fee: 0.34%. Five year annual return: 10.77%. HGIYX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset.
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.