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Fidelity Convertible Securities (FCVSX) - free report >>
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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?
There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
If you are looking to diversify your portfolio, consider Fidelity Convertible Securities (FCVSX - Free Report) . FCVSX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. This fund is a winner, boasting an expense ratio of 0.72%, management fee of 0.55%, and a five-year annualized return track record of 11.38%.
Lord Abbett Growth Leaders R2 (LGLQX - Free Report) : 1.26% expense ratio and 0.51% management fee. LGLQX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. LGLQX, with annual returns of 9.67% over the last five years, is a well-diversified fund with a long track record of success.
Nicholas Fund (NICSX - Free Report) : 0.71% expense ratio and 0.65% management fee. NICSX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.52% 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.