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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - October 05, 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.

Goldman Sachs Strategic Growth Institutional (GSTIX - Free Report) : 0.76% expense ratio and 0.71% management fee. GSTIX 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 annual returns of 14.57% over the last five years, this fund is a winner.

JPMorgan US Equity Fund L (JMUEX - Free Report) : 0.55% expense ratio and 0.4% management fee. JMUEX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. JMUEX, with annual returns of 10.88% over the last five years, is a well-diversified fund with a long track record of success.

Neuberger Berman Guardian Trust (NBGTX - Free Report) : 1.05% expense ratio and 0.9% management fee. NBGTX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.15% over the last 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.

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