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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - October 06, 2020

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The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

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.

Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.

Fidelity Advisor Growth Opportunit (FAOFX - Free Report) : 0.01% expense ratio and 0% management fee. FAOFX 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. FAOFX has achieved five-year annual returns of an astounding 22.32%.

AllianzGI Mid-Cap Fund P is a stand out amongst its peers. ARMPX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With five-year annualized performance of 13.12%, expense ratio of 0.89% and management fee of 0.87%, this diversified fund is an attractive buy with a strong history of performance.

Janus Henderson Global Technology I (JATIX - Free Report) . Expense ratio: 0.75%. Management fee: 0.64%. Five year annual return: 23.62%. JATIX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach.

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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