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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - September 09, 2020
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The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.
American Funds AMCAP F2 (AMCFX - Free Report) : 0.45% expense ratio and 0.3% management fee. AMCFX 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. AMCFX has achieved five-year annual returns of an astounding 10.39%.
Lord Abbett Convertible Fund A (LACFX - Free Report) : 1.06% expense ratio and 0.7% management fee. LACFX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. With yearly returns of 10.26% over the last five years, LACFX is an effectively diversified fund with a long reputation of solidly positive performance.
AllianzGI Mid-Cap Fund Admiral (DRMAX - Free Report) is an attractive large-cap allocation. DRMAX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. DRMAX has an expense ratio of 1.04%, management fee of 0.77%, and annual returns of 12.96% over the past five years.
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.
Image: Bigstock
Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - September 09, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.
American Funds AMCAP F2 (AMCFX - Free Report) : 0.45% expense ratio and 0.3% management fee. AMCFX 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. AMCFX has achieved five-year annual returns of an astounding 10.39%.
Lord Abbett Convertible Fund A (LACFX - Free Report) : 1.06% expense ratio and 0.7% management fee. LACFX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. With yearly returns of 10.26% over the last five years, LACFX is an effectively diversified fund with a long reputation of solidly positive performance.
AllianzGI Mid-Cap Fund Admiral (DRMAX - Free Report) is an attractive large-cap allocation. DRMAX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. DRMAX has an expense ratio of 1.04%, management fee of 0.77%, and annual returns of 12.96% over the past five years.
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.