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Hartford Core Equity Y (HGIYX) - free report >>
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Hartford Core Equity Y (HGIYX) - free report >>
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3 Great Mutual Fund Picks for Your Retirement - October 08, 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
MSIF Global Quality Portfolio A (MGQAX - Free Report) : 1.25% expense ratio and 0.7% management fee. MGQAX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With annual returns of 10.19% over the last five years, this fund is a winner.
Dreyfus Fund (DREVX - Free Report) . Expense ratio: 0.73%. Management fee: 0.65%. DREVX 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. This fund has managed to produce a robust 10.33% over the last five years.
Hartford Core Equity Y (HGIYX - Free Report) . Expense ratio: 0.44%. Management fee: 0.34%. Five year annual return: 10.77%. HGIYX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset.
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.