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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - October 07, 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.

The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.

Harbor Capital Appreciation Admiral (HRCAX - Free Report) : 0.91% expense ratio and 0.6% management fee. HRCAX 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 16.33% over the last five years, this fund is a winner.

MSIF Global Quality Portfolio IS (MGQSX - Free Report) : 0.85% expense ratio and 0.7% management fee. MGQSX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With yearly returns of 11.76% over the last five years, MGQSX is an effectively diversified fund with a long reputation of solidly positive performance.

JPMorgan Mid Cap Growth Fund R5 (JMGFX - Free Report) : 0.79% expense ratio and 0.65% management fee. JMGFX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.49% over the last five years.

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.

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