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Fidelity Growth Discovery K (FGDKX) - free report >>
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Fidelity Growth Discovery K (FGDKX) - free report >>
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3 Top-Ranked Mutual Funds for Your Retirement
Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which 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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Growth Discovery K (FGDKX - Free Report) : 0.68% expense ratio and 0.6% management fee. FGDKX 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. With annual returns of 12.7% over the last five years, this fund is a winner.
Oak Ridge Dividend Growth I (ORDNX - Free Report) : 0.99% expense ratio and 0.75% management fee. ORDNX 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. With yearly returns of 10.78% over the last five years, ORDNX is an effectively diversified fund with a long reputation of solidly positive performance.
Oppenheimer Discovery Y (ODIYX - Free Report) : 0.76% expense ratio and 0.59% management fee. ODIYX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With a five-year annual return of 10.69%, this fund is a well-diversified fund with a long track record of success.
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.