Back to top

Image: Bigstock

3 Great Mutual Fund Picks for Your Retirement - September 29, 2020

Read MoreHide Full Article

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.

MassMutual Select Mid Cap Growth Admiral (MMELX - Free Report) has a 1.01% expense ratio and 0.68% management fee. MMELX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With yearly returns of 10.67% over the last five years, this fund clearly wins.

T. Rowe Price Dividend Growth Adviser (TADGX - Free Report) is a stand out amongst its peers. TADGX 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. With five-year annualized performance of 10.15%, expense ratio of 0.91% and management fee of 0.49%, this diversified fund is an attractive buy with a strong history of performance.

Nationwide Growth Fund IS (NGISX - Free Report) . Expense ratio: 0.61%. Management fee: 0.45%. Five year annual return: 11.78%. NGISX 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.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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.

Published in